< -5%

-5% to -3%

Wonderla

Imagicaaworld

-3% to 0%

Nicco Parks

0% to 3%

3% to 5%

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries/shanthigears/SG04">Shanthi Gears</a> dropped more than 6 percent to hit a three-month low of Rs 493.65 apiece on October 24. This came after the company released its results for the July-September quarter of the financial year 2026.

Shanthi Gears on Friday reported a net profit of Rs 21.5 crore for the second quarter of the ongoing FY26. This marks a 16 percent year-on-year (YoY) fall from the Rs 25.63 crore net profit reported in the corresponding quarter of FY25.

The firm's revenue from operations meanwhile fell nearly 15 percent YoY to Rs 132 crore in Q2 FY26, from Rs 155 crore in Q2 FY25. Earnings per share (EPS) also reduced to Rs 2.80 during the quarter under review, from Rs 3.34 in the same period last year.

Shanthi Gears said its booked orders during the quarter rose 7 percent to Rs 138 crore. Unexecuted order book as on September 30 stood at Rs 254 crore. It achieved return on average invested capital (ROIC) of 46 percent in Q2 FY26, and generated free cash flow of Rs 12.68 crore during the period.

Shanthi Gears share price history:

Shanthi Gears shares later made some recovery after a sharp drop following the Q2 results announcement. The shares were down nearly 3 percent to trade at Rs 512.85 apiece, as seen at 2.54 pm. The stock has fallen over 7 percent in the past one month, but gained nearly 2 percent in the past six months.

Shanthi Gears shares, which currently have a P/E ratio of around 42, are up around 2 percent in 2025 so far. Before the company released its results, the stock was up nearly 3 percent. However, the Q2 results dampened investor sentiment.

Shanthi Gears shares see heavy trading volumes:

Over 2.36 shares have already been involved in active trade during the day. This is nearly 3 times that of the stock's 10-day average volume.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-24-10-2025-liveblog-13629647.html">Our LIVE blog on stock market updates</a>

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

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Shanthi Gears shares drop 6%, hit three-month low after Q2 net profit falls 16% to Rs 21.5 crore

The shares of Shanthi Gears dropped more than 6 percent to hit a three-month low of Rs 493.65 apiece on October 24. This came after the company released its results for the July-September quarter of the financial year 2026.

Shanthi Gears on Friday reported a net profit of Rs 21.5 crore for the second quarter of the ongoing FY26. This marks a 16 percent year-on-year (YoY) fall from the Rs 25.63 crore net profit reported in the corresponding quarter of FY25.

The firm's revenue from operations meanwhile fell nearly 15 percent YoY to Rs 132 crore in Q2 FY26, from Rs 155 crore in Q2 FY25. Earnings per share (EPS) also reduced to Rs 2.80 during the quarter under review, from Rs 3.34 in the same period last year.

Shanthi Gears said its booked orders during the quarter rose 7 percent to Rs 138 crore. Unexecuted order book as on September 30 stood at Rs 254 crore. It achieved return on average invested capital (ROIC) of 46 percent in Q2 FY26, and generated free cash flow of Rs 12.68 crore during the period.

Shanthi Gears share price history:

Shanthi Gears shares later made some recovery after a sharp drop following the Q2 results announcement. The shares were down nearly 3 percent to trade at Rs 512.85 apiece, as seen at 2.54 pm. The stock has fallen over 7 percent in the past one month, but gained nearly 2 percent in the past six months.

Shanthi Gears shares, which currently have a P/E ratio of around 42, are up around 2 percent in 2025 so far. Before the company released its results, the stock was up nearly 3 percent. However, the Q2 results dampened investor sentiment.

Shanthi Gears shares see heavy trading volumes:

Over 2.36 shares have already been involved in active trade during the day. This is nearly 3 times that of the stock's 10-day average volume.

Also read: Our LIVE blog on stock market updates

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

SBI Life Insurance shares declined slightly in afternoon trade on Friday ahead of the company’s September quarter earnings announcement.

The stock was quoting at Rs 1,848 on the NSE, down 0.25 percent from its previous close at around 2:40 pm.

Brokerages expect the insurer to benefit from a better product mix in the second quarter.

Centrum Broking said SBI Life is likely to report the highest value of new business (VNB) margin among listed life insurers at 27.5 percent, supported by a rising share of more profitable products. The brokerage highlighted stronger traction in non-par policies, where policyholders are not entitled to a share of profits through bonuses or dividends.

Elara Capital has maintained <a href="https://www.moneycontrol.com/india/stockpricequote/lifehealth-insurance/sbilifeinsurancecompany/SLI03">SBI Life</a> as its preferred pick in the life insurance space.

Emkay Global said annual premium equivalent (APE) growth could remain muted at around 4 percent in Q2 due to festive season-related impact and slower momentum in unit-linked insurance plans. Even so, the firm expects healthy VNB margins driven by a higher contribution from non-par products.

Both Emkay Global and Prabhudas Lilladher anticipate limited impact from goods and services tax-related changes, citing SBI Life’s cost advantage.

According to market data, the stock carries an average “buy” rating from 33 analysts, with a median price target of Rs 2,140.

(Inputs from Reuters) 

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

SBI Life shares decline marginally ahead of September quarter results; here's what analysts expect

SBI Life Insurance shares declined slightly in afternoon trade on Friday ahead of the company’s September quarter earnings announcement.

The stock was quoting at Rs 1,848 on the NSE, down 0.25 percent from its previous close at around 2:40 pm.

Brokerages expect the insurer to benefit from a better product mix in the second quarter.

Centrum Broking said SBI Life is likely to report the highest value of new business (VNB) margin among listed life insurers at 27.5 percent, supported by a rising share of more profitable products. The brokerage highlighted stronger traction in non-par policies, where policyholders are not entitled to a share of profits through bonuses or dividends.

Elara Capital has maintained SBI Life as its preferred pick in the life insurance space.

Emkay Global said annual premium equivalent (APE) growth could remain muted at around 4 percent in Q2 due to festive season-related impact and slower momentum in unit-linked insurance plans. Even so, the firm expects healthy VNB margins driven by a higher contribution from non-par products.

Both Emkay Global and Prabhudas Lilladher anticipate limited impact from goods and services tax-related changes, citing SBI Life’s cost advantage.

According to market data, the stock carries an average “buy” rating from 33 analysts, with a median price target of Rs 2,140.

(Inputs from Reuters) 

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/bank-private/utkarshsmallfinancebank/USF01">Utkarsh Small Finance Bank </a>rallied nearly 20 percent on October 24 after the company announced that it has allotted more than 5.71 crore shares to ace investor Madhusudan Kela’s fund house Cohesion MK Best Ideas Sub-Trust as part of its rights issue.

The shares hit an intraday high of Rs 22.02 apiece in the afternoon trading hours.

While Cohesion MK Best Ideas Sub-Trust was allotted the most number of shares as part of the rights issue, here are the other top investors:
<ul>
	<li>India Capital Fund Ltd, Mauritius: 4.4 crore shares</li>
	<li>Kotak Mahindra Life Insurance Company: 4.21 crore shares</li>
	<li>ICICI Prudential Life Insurance Company: 3.57 crore shares</li>
	<li>FLC Investco, LLC: 2.86 crore shares</li>
	<li>Singularity Large Value Fund III: 2.86 crore shares</li>
	<li>Massachusetts Institute of Technology: 2.79 crore shares</li>
</ul>
Earlier this month, the company had announced that its board has approved the terms of a rights issue of 67.79 crore shares to raise up to Rs 949 crore at Rs 14 per share. The rights issue which opened today, will close on November 3.

Utkarsh Small Finance Bank share price history:

The stock has gained nearly 22 percent in the past five days, and around 18 percent in the past one month. The shares of the small finance bank however fell around 2 percent in the past six months, and around 25 percent in 2025 so far.

Utkarsh Small Finance Bank shares had made a strong listing in July 2023, listing with a premium of 60 percent over its IPO price at Rs 40 per share. The stock is currently more than 45 percent lower than its listing price. It is however 10 percent higher than its IPO price of Rs 20 per share.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-24-10-2025-liveblog-13629647.html">Our LIVE blog on stock market updates</a>

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Utkarsh SFB shares rally 20% after lender allots 5.7 crore shares to Madhusudan Kela's fund house

The shares of Utkarsh Small Finance Bank rallied nearly 20 percent on October 24 after the company announced that it has allotted more than 5.71 crore shares to ace investor Madhusudan Kela’s fund house Cohesion MK Best Ideas Sub-Trust as part of its rights issue.

The shares hit an intraday high of Rs 22.02 apiece in the afternoon trading hours.

While Cohesion MK Best Ideas Sub-Trust was allotted the most number of shares as part of the rights issue, here are the other top investors:

	India Capital Fund Ltd, Mauritius: 4.4 crore shares
	Kotak Mahindra Life Insurance Company: 4.21 crore shares
	ICICI Prudential Life Insurance Company: 3.57 crore shares
	FLC Investco, LLC: 2.86 crore shares
	Singularity Large Value Fund III: 2.86 crore shares
	Massachusetts Institute of Technology: 2.79 crore shares

Earlier this month, the company had announced that its board has approved the terms of a rights issue of 67.79 crore shares to raise up to Rs 949 crore at Rs 14 per share. The rights issue which opened today, will close on November 3.

Utkarsh Small Finance Bank share price history:

The stock has gained nearly 22 percent in the past five days, and around 18 percent in the past one month. The shares of the small finance bank however fell around 2 percent in the past six months, and around 25 percent in 2025 so far.

Utkarsh Small Finance Bank shares had made a strong listing in July 2023, listing with a premium of 60 percent over its IPO price at Rs 40 per share. The stock is currently more than 45 percent lower than its listing price. It is however 10 percent higher than its IPO price of Rs 20 per share.

Also read: Our LIVE blog on stock market updates

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

The <a href="https://www.moneycontrol.com/indian-indices/NIFTY-BANK-23.html">Bank Nifty index</a> dropped below the 58,000-mark on October 24 as investors continued to book profits at elevated levels. This comes a day after the index hit an all-time high of 58,577.50 on October 23.

Bank Nifty dropped nearly 500 points (nearly 1 percent) to 57,591.60 on Friday, led by losses in private banks.

Top losers on Nifty Bank:

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/kotakmahindrabank/KMB">Kotak Mahindra Bank</a> shares dropped more than 2 percent to trade at Rs 2,172.20 apiece, as seen at 1.33 pm. The private lender is set to release its results for the July-September quarter of the ongoing financial year 2026 tomorrow (October 25). <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/axisbank/AB16">Axis Bank</a>, <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/hdfcbank/HDF01">HDFC Bank</a>, AU Small Finance Bank and Punjab National Bank (<a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/punjabnationalbank/PNB05">PNB</a>) shares followed, dropping more than 1 percent each.

IndusInd Bank, <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/idfcfirstbank/IDF01">IDFC First Bank</a>, State Bank of India (<a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/statebankindia/SBI">SBI</a>) and Canara Bank shares fell nearly 1 percent each. Federal Bank and <a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/bankbaroda/BOB">Bank of Baroda</a> shares were trading in the red with marginal losses. Bucking the trend, heavyweight <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/icicibank/ICI02">ICICI Bank</a> shares were trading in the green.

'Trend deciding level for the day is 58,202'

The index had hit all-time high levels buoyed by better-than-expected Q2 results by some of the major players. Axis Securities had said that the trend deciding level for the day is 58,202. "If Bank Nifty trades above this level, it may rally up to 58,453-58,828-59,079 levels. However, if it trades below 58,202 levels, we may witness profit booking in the market, and the index may correct up to 57,827-57,576-57,201 levels," it said.

As the index has now dropped below the trend deciding level as well as the first support zone, the next key levels to watch out for are 57,576 and 57,201, according to Axis Securities.

PL Capital said that the near-term support at the previous consolidation zone was seen at the 57,300 level, which needs to be sustained. “On the upside, we can expect the next targets of the 59,700 and 60,500 levels in the coming days,” it added.

'Sustained move above 58,400 could open the door for a further rally'

"The index is likely to trade sideways to positive, with strong support between 57,700–57,900 and resistance at 58,200–58,400. A sustained move above 58,400 could open the door for a further rally, while a break below 57,830 may invite mild profit booking," said Choice Broking.

Nifty Private Bank index is down more than 1 percent, while Nifty PSU Bank index is down 0.9 percent.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-24-10-2025-liveblog-13629647.html">Our LIVE blog on stock market updates</a>

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Bank Nifty sees profit booking, trades below 58,000; Kotak Mahindra, Axis, HDFC Bank lead losses

The Bank Nifty index dropped below the 58,000-mark on October 24 as investors continued to book profits at elevated levels. This comes a day after the index hit an all-time high of 58,577.50 on October 23.

Bank Nifty dropped nearly 500 points (nearly 1 percent) to 57,591.60 on Friday, led by losses in private banks.

Top losers on Nifty Bank:

Kotak Mahindra Bank shares dropped more than 2 percent to trade at Rs 2,172.20 apiece, as seen at 1.33 pm. The private lender is set to release its results for the July-September quarter of the ongoing financial year 2026 tomorrow (October 25). Axis Bank, HDFC Bank, AU Small Finance Bank and Punjab National Bank (PNB) shares followed, dropping more than 1 percent each.

IndusInd Bank, IDFC First Bank, State Bank of India (SBI) and Canara Bank shares fell nearly 1 percent each. Federal Bank and Bank of Baroda shares were trading in the red with marginal losses. Bucking the trend, heavyweight ICICI Bank shares were trading in the green.

'Trend deciding level for the day is 58,202'

The index had hit all-time high levels buoyed by better-than-expected Q2 results by some of the major players. Axis Securities had said that the trend deciding level for the day is 58,202. &quot;If Bank Nifty trades above this level, it may rally up to 58,453-58,828-59,079 levels. However, if it trades below 58,202 levels, we may witness profit booking in the market, and the index may correct up to 57,827-57,576-57,201 levels,&quot; it said.

As the index has now dropped below the trend deciding level as well as the first support zone, the next key levels to watch out for are 57,576 and 57,201, according to Axis Securities.

PL Capital said that the near-term support at the previous consolidation zone was seen at the 57,300 level, which needs to be sustained. “On the upside, we can expect the next targets of the 59,700 and 60,500 levels in the coming days,” it added.

'Sustained move above 58,400 could open the door for a further rally'

&quot;The index is likely to trade sideways to positive, with strong support between 57,700–57,900 and resistance at 58,200–58,400. A sustained move above 58,400 could open the door for a further rally, while a break below 57,830 may invite mild profit booking,&quot; said Choice Broking.

Nifty Private Bank index is down more than 1 percent, while Nifty PSU Bank index is down 0.9 percent.

Also read: Our LIVE blog on stock market updates

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

The shares of metal companies jumped in trade on October 24, bucking the overall downturn in the stock markets. The sharp rise in the share prices pushed the <a href="https://www.moneycontrol.com/indian-indices/nifty-metal-51.html">Nifty Metal</a> index up more than 2 percent to 10,457.40 in the morning.

The index then pared some gains and was up more than 1 percent at 10,359, as seen at 12 pm. Here are some of the key factors behind the sharp rise in the share prices.

Trump-Xi meeting:

Global metal prices rallied after the White House confirmed on October 23 that US President <a href="https://www.moneycontrol.com/world/trump-to-meet-xi-in-south-korea-as-part-of-asia-swing-white-house-article-13629590.html">Donald Trump will meet Chinese President Xi Jinping</a> in South Korea on October 30 as part of the former's trip to Asia. This came amid concerns following escalating trade tensions after Trump announced that he will hike tariffs on Chinese imports to a whopping 155 percent.

White House press secretary Karoline Leavitt said that Trump will depart for Malaysia late on Friday night and will also visit Japan and South Korea, after addressing the Asia-Pacific Economic Cooperation (APEC) CEO Summit.

The expectations of cooling trade tensions between the two countries may have boosted the metal stocks.

Metal prices soar on supply concerns:

Aluminium prices on the London Metals Exchange (LME) crossed the $2,850 per tonne-mark today due to the tight supply and demand dynamics globally, and due to expectations of monetary easing around the world. Additionally, a smelter in Iceland is temporarily shutting down production following an equipment failure, which would likely affect production worth 100 kt. Copper prices also rose around 2 percent on LME today.

US Fed rate cut hopes:

The sharp rise also comes amid hopes for more rate cuts by the Federal Reserve. The American central bank is expected to lower the interest rate by a quarter point to 3.75-4 percent on October 29, according to a Reuters poll. The majority expect another cut in December.

More rate cuts by the US Federal Reserve are likely provide a boost to non-yielding assets. "The primary growth in metal prices have been driven by aluminium producers. With higher aluminium prices, the steel stocks have comparatively underperformed since steel prices have softened. The expected Fed rate cut and domestic demand is also helping improve quarterly performance," said Shravan Shetty, Managing Director at Primus Partners.

China's new five-year plan:

China has vowed to increase technological self-reliance and grow the domestic market in the next five years, as it looks to both insulate the economy from foreign pressures and build a sustainable engine for growth.

The country targets to "greatly increase" the capacity for self-reliance and strength in science and technology, according to a communique released on Thursday after a four-day conclave of the Communist Party’s Central Committee. It will also seek to maintain manufacturing’s share in the economy at a “reasonable” level as part of efforts to build a modern industrial system. These development may have also boosted investor sentiment for metal stocks.

Top metal gainers:

National Aluminium Company (<a href="https://www.moneycontrol.com/india/stockpricequote/aluminium/nationalaluminiumcompany/NAC">NALCO</a>) shares have gained more than 4 percent, while <a href="https://www.moneycontrol.com/india/stockpricequote/ironsteel/hindalcoindustries/HI">Hindalco Industries</a> and <a href="https://www.moneycontrol.com/india/stockpricequote/metals-non-ferrous/hindustancopper/HC07">Hindustan Copper</a> shares gained more than 3 percent each. Vedanta shares were up nearly 3 percent.

Earlier during the day, Hindalco shares hit a 52-week high of Rs 826.50 apiece. This comes after its subsidiary Novelis said that its fire-damaged plant in Oswego will restart by December-end, earlier than expected.

<a href="https://www.moneycontrol.com/india/stockpricequote/metals-non-ferrous/hindustanzinc/HZ">Hindustan Zinc</a> shares gained around 2 percent, while NMDC, Jindal Stainless Steel, Steel Authority of India (<a href="https://www.moneycontrol.com/india/stockpricequote/steel-large/steelauthorityindia/SAI">SAIL</a>) and Jindal Steel and Power shares were up around 1 percent each. Heavyweights <a href="https://www.moneycontrol.com/india/stockpricequote/ironsteel/tatasteel/TIS">Tata Steel</a> and <a href="https://www.moneycontrol.com/india/stockpricequote/steel-large/jswsteel/JSW01">JSW Steel</a> shares were trading in the green with marginal gains.

Bucking the trend, APL Apollo Tubes, Welspun Corp and <a href="https://www.moneycontrol.com/india/stockpricequote/trading/adanienterprises/AE13">Adani Enterprises</a> shares were trading in the red.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-24-10-2025-liveblog-13629647.html">Our LIVE blog on stock market updates</a>

(With inputs from Reuters)

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

&nbsp;

NALCO, Hindalco, other metal shares rise up to 4.5%; four reasons behind rally

Metal Stocks: NALCO, Hindalco, other metal shares rise up to 4.5%; three reasons behind rally

The shares of metal companies jumped in trade on October 24, bucking the overall downturn in the stock markets. The sharp rise in the share prices pushed the Nifty Metal index up more than 2 percent to 10,457.40 in the morning.

The index then pared some gains and was up more than 1 percent at 10,359, as seen at 12 pm. Here are some of the key factors behind the sharp rise in the share prices.

Trump-Xi meeting:

Global metal prices rallied after the White House confirmed on October 23 that US President Donald Trump will meet Chinese President Xi Jinping in South Korea on October 30 as part of the former's trip to Asia. This came amid concerns following escalating trade tensions after Trump announced that he will hike tariffs on Chinese imports to a whopping 155 percent.

White House press secretary Karoline Leavitt said that Trump will depart for Malaysia late on Friday night and will also visit Japan and South Korea, after addressing the Asia-Pacific Economic Cooperation (APEC) CEO Summit.

The expectations of cooling trade tensions between the two countries may have boosted the metal stocks.

Metal prices soar on supply concerns:

Aluminium prices on the London Metals Exchange (LME) crossed the $2,850 per tonne-mark today due to the tight supply and demand dynamics globally, and due to expectations of monetary easing around the world. Additionally, a smelter in Iceland is temporarily shutting down production following an equipment failure, which would likely affect production worth 100 kt. Copper prices also rose around 2 percent on LME today.

US Fed rate cut hopes:

The sharp rise also comes amid hopes for more rate cuts by the Federal Reserve. The American central bank is expected to lower the interest rate by a quarter point to 3.75-4 percent on October 29, according to a Reuters poll. The majority expect another cut in December.

More rate cuts by the US Federal Reserve are likely provide a boost to non-yielding assets. &quot;The primary growth in metal prices have been driven by aluminium producers. With higher aluminium prices, the steel stocks have comparatively underperformed since steel prices have softened. The expected Fed rate cut and domestic demand is also helping improve quarterly performance,&quot; said Shravan Shetty, Managing Director at Primus Partners.

China's new five-year plan:

China has vowed to increase technological self-reliance and grow the domestic market in the next five years, as it looks to both insulate the economy from foreign pressures and build a sustainable engine for growth.

The country targets to &quot;greatly increase&quot; the capacity for self-reliance and strength in science and technology, according to a communique released on Thursday after a four-day conclave of the Communist Party’s Central Committee. It will also seek to maintain manufacturing’s share in the economy at a “reasonable” level as part of efforts to build a modern industrial system. These development may have also boosted investor sentiment for metal stocks.

Top metal gainers:

National Aluminium Company (NALCO) shares have gained more than 4 percent, while Hindalco Industries and Hindustan Copper shares gained more than 3 percent each. Vedanta shares were up nearly 3 percent.

Earlier during the day, Hindalco shares hit a 52-week high of Rs 826.50 apiece. This comes after its subsidiary Novelis said that its fire-damaged plant in Oswego will restart by December-end, earlier than expected.

Hindustan Zinc shares gained around 2 percent, while NMDC, Jindal Stainless Steel, Steel Authority of India (SAIL) and Jindal Steel and Power shares were up around 1 percent each. Heavyweights Tata Steel and JSW Steel shares were trading in the green with marginal gains.

Bucking the trend, APL Apollo Tubes, Welspun Corp and Adani Enterprises shares were trading in the red.

Also read: Our LIVE blog on stock market updates

(With inputs from Reuters)

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

&amp;nbsp;

Amusement Parks/Recreation/Club Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Amusement Parks/Recreation/Club industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q2 FY25-26

Stock News

Shanthi Gears shares drop 6%, hit three-month low after Q2 net profit falls 16% to Rs 21.5 crore

SBI Life shares decline marginally ahead of September quarter results; here's what analysts expect

Utkarsh SFB shares rally 20% after lender allots 5.7 crore shares to Madhusudan Kela's fund house

Bank Nifty sees profit booking, trades below 58,000; Kotak Mahindra, Axis, HDFC Bank lead losses

NALCO, Hindalco, other metal shares rise up to 4.5%; four reasons behind rally

Amusement Parks/Recreation/Club Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Amusement Parks/Recreation/Club industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q2 FY25-26

Stock News

Shanthi Gears shares drop 6%, hit three-month low after Q2 net profit falls 16% to Rs 21.5 crore

SBI Life shares decline marginally ahead of September quarter results; here's what analysts expect

Utkarsh SFB shares rally 20% after lender allots 5.7 crore shares to Madhusudan Kela's fund house

Bank Nifty sees profit booking, trades below 58,000; Kotak Mahindra, Axis, HDFC Bank lead losses

NALCO, Hindalco, other metal shares rise up to 4.5%; four reasons behind rally

Amusement Parks/Recreation/Club Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Amusement Parks/Recreation/Club industry stocks.