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3% to 5%

BofA Securities Europe buys 0.66% stake in MTAR Tech, Societe Generale, Marshall Wace exchange Rs 51-crore Tata Capital shares

* BofA Securities Europe buys 0.66% stake in MTAR Tech
* Societe Generale, Marshall Wace exchange Rs 51-crore Tata Capital shares

shorts/business/bofa-takes-0-66-stake-in-mtar-tech-socgen-and-marshall-wace-swap-rs-51-crore-tata-capital

* BofA Securities Europe buys 0.66% stake in MTAR Tech
* Societe Generale, Marshall Wace exchange Rs 51-crore Tata Capital shares

BofA Securities Europe has acquired 0.66 percent equity stake in MTAR Technologies, the precision engineering solutions provider, while Societe Generale, and Marshall Wace exchanged 0.03 percent shares of Tata Capital.

Perhaps, <a href="https://www.moneycontrol.com/india/stockpricequote/aerospacedefence/mtartechnologies/MT15">MTAR Technologies</a> shares may have reacted to the deal, rising 6.84 percent to Rs 2,689.7 amid high volumes, despite sharp sell-off in equity markets. The stock intraday touched highest level since October 23, 2023 during the session.

BofA Securities Europe SA has acquired 2.06 lakh shares (0.66 percent of paid-up equity) in MTAR Technologies at Rs 2,665.45 per share, for Rs 54.9 crore.

In <a href="https://www.moneycontrol.com/india/stockpricequote/finance-nbfc/tatacapital/TCL06">Tata Capital</a>, Societe Generale has bought 14.33 lakh shares (0.03 percent stake) at Rs 354.5 per share for Rs 50.82 crore, from Marshall Wace Investment Strategies through its Tops World Equities Fund and Eureka Fund. The stock climbed 1.55 percent to Rs 360.

Aegis Investment Fund sold 86,611 equity shares in <a href="https://www.moneycontrol.com/india/stockpricequote/misc-commercial-services/krystalintegratedservices/KIS02">Krystal Integrated Services</a> at Rs 622.89 per share for Rs 5.39 crore, while Viney Growth Fund offloaded 57,600 shares in <a href="https://www.moneycontrol.com/india/stockpricequote/retailing/luxurytime/LTL01">Luxury Time</a> at Rs 84.55 per share for Rs 48.7 lakh.

Sivananda Balaji Penjuri sold 10.45 lakh shares in <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/3iinfotech/I11">3i Infotech</a> at Rs 15.55 per share for Rs 1.62 crore, while Tiger Strategies Fund -I continued offloading stake in <a href="https://www.moneycontrol.com/india/stockpricequote/computer-peripherals/epwindia/EIL05">EPW India</a>, the laptop refurbisher, selling 87,600 shares (0.76 percent stake) at Rs 117.11 per share for Rs 1.02 crore.

In current week, Tiger Strategies sold 2.89 lakh shares (2.5 percent stake) in EPW India through three transactions, of its total shareholding of 4.65 percent stake as of December 2025.

The brisk action was also seen in <a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/kvtoysindia/TIL09">K V Toys India</a>, the plastic-moulded and metal-based toys maker. 129 Wealth Fund, the alternative investment fund managed by Paul Asset, picked up 31,800 shares at Rs 316.77 per share for Rs 1 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/kwalitypharmaceuticals/KP">Kwality Pharmaceuticals</a> was also in focus, soaring 5.58 percent to Rs 1,153.35 amid high volumes. ARK Global Emerging Companies LP has acquired 76,400 shares in the pharma company at Rs 1,130.04 per share for Rs 8.63 crore, however, Deepak Bansal sold 69,353 shares at Rs 1,122.42 per share for Rs 7.78 crore.

Meanwhile, Ketan Hasmukhlal Doshi has bought 56.83 lakh shares (1.48 percent stake) in <a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticalsdrugs/sigachiindustries/SIL19">Sigachi Industries</a> at Rs 29.91 per share, for Rs 17 crore. However, the stock has been under pressure, hitting lowest level since August 2023 and closing 0.66 percent lower at Rs 29.91.

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MCD is a wholly owned subsidiary of Network 18 Media & Investments Ltd ("Network18"), in which Independent Media Trust (IMT) holds 56.89% stake. Reliance Industries Limited ("RIL") is the sole beneficiary of IMT. Network18 and RIL and their subsidiaries, joint ventures and associates can be considered as associates of MCD.

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BofA takes 0.66% stake in MTAR Tech; SocGen and Marshall Wace swap Rs 51 crore Tata Capital

BofA Securities Europe has acquired 0.66 percent equity stake in MTAR Technologies, the precision engineering solutions provider, while Societe Generale, and Marshall Wace exchanged 0.03 percent shares of Tata Capital.

Perhaps, MTAR Technologies shares may have reacted to the deal, rising 6.84 percent to Rs 2,689.7 amid high volumes, despite sharp sell-off in equity markets. The stock intraday touched highest level since October 23, 2023 during the session.

BofA Securities Europe SA has acquired 2.06 lakh shares (0.66 percent of paid-up equity) in MTAR Technologies at Rs 2,665.45 per share, for Rs 54.9 crore.

In Tata Capital, Societe Generale has bought 14.33 lakh shares (0.03 percent stake) at Rs 354.5 per share for Rs 50.82 crore, from Marshall Wace Investment Strategies through its Tops World Equities Fund and Eureka Fund. The stock climbed 1.55 percent to Rs 360.

Aegis Investment Fund sold 86,611 equity shares in Krystal Integrated Services at Rs 622.89 per share for Rs 5.39 crore, while Viney Growth Fund offloaded 57,600 shares in Luxury Time at Rs 84.55 per share for Rs 48.7 lakh.

Sivananda Balaji Penjuri sold 10.45 lakh shares in 3i Infotech at Rs 15.55 per share for Rs 1.62 crore, while Tiger Strategies Fund -I continued offloading stake in EPW India, the laptop refurbisher, selling 87,600 shares (0.76 percent stake) at Rs 117.11 per share for Rs 1.02 crore.

In current week, Tiger Strategies sold 2.89 lakh shares (2.5 percent stake) in EPW India through three transactions, of its total shareholding of 4.65 percent stake as of December 2025.

The brisk action was also seen in K V Toys India, the plastic-moulded and metal-based toys maker. 129 Wealth Fund, the alternative investment fund managed by Paul Asset, picked up 31,800 shares at Rs 316.77 per share for Rs 1 crore.

Kwality Pharmaceuticals was also in focus, soaring 5.58 percent to Rs 1,153.35 amid high volumes. ARK Global Emerging Companies LP has acquired 76,400 shares in the pharma company at Rs 1,130.04 per share for Rs 8.63 crore, however, Deepak Bansal sold 69,353 shares at Rs 1,122.42 per share for Rs 7.78 crore.

Meanwhile, Ketan Hasmukhlal Doshi has bought 56.83 lakh shares (1.48 percent stake) in Sigachi Industries at Rs 29.91 per share, for Rs 17 crore. However, the stock has been under pressure, hitting lowest level since August 2023 and closing 0.66 percent lower at Rs 29.91.

Export stocks in focus before US Supreme Court ruling on Trump tariffs, Court decision could impact $150 billion in tariff refunds for importers, Stocks saw volatility as Trump raised tariffs and backed new sanctions bill

* Export stocks in focus before US Supreme Court ruling on Trump tariffs
* Court decision could impact $150 billion in tariff refunds for importers
* Stocks saw volatility as Trump raised tariffs and backed new sanctions bill

Shares of export-focused firms like Gokaldas Exports and Pearl Global Industries moved ahead of a US Supreme Court ruling on Trump’s tariff powers. A decision could impact $150 billion in refunds, but analysts warn alternative US measures may limit gains.

shorts/business/gokaldas-avanti-feeds-other-export-oriented-shares-in-focus-ahead-of-us-supreme-court-ruling-on-trump-s-tariffs

* Export stocks in focus before US Supreme Court ruling on Trump tariffs
* Court decision could impact $150 billion in tariff refunds for importers
* Stocks saw volatility as Trump raised tariffs and backed new sanctions bill

Shares of Gokaldas Exports, Avanti Feeds, Pearl Global Industries among other export-oriented firms were in focus in Friday’s trade ahead of a key ruling by the US Supreme Court on President Donald Trump’s use of emergency powers to impose tariffs.

The case will decide whether Trump can invoke the International Emergency Economic Powers Act (IEEPA) to levy tariffs without congressional approval. During arguments in November, the justices indicated scepticism over Trump’s authority to impose such duties.

Analysts said export-linked stocks could see a rally if the court strikes down the tariffs, though they cautioned that alternative policy measures could limit the upside.

Ajit Mishra, senior vice-president (research) at Religare Broking, said export-oriented stocks had seen a recent rebound on expectations of relief from the US Supreme Court.

"However, we believe market participants should temper their expectations, as the US government has planned other legislative measures to maintain or even raise tariffs in the event of an adverse ruling. Moreover, the recent weakness in broader markets further underscores the need for caution at current levels," Mishra added.
<h3>Trump Tariffs Supreme Court Hearing Date Today</h3>
Over 900 lawsuits had been filed in the US Supreme Court on behalf of businesses seeking tariff refunds, according to a tally compiled by Bloomberg. Company executives, customs brokers and trade lawyers are now bracing for the ruling, which can open up the possibility of obtaining perhaps $150 billion in refunds from the US government for duties already paid by importers in case Trump loses.
<h3><a href="https://www.moneycontrol.com/world/trump-s-tariffs-face-big-supreme-court-test-why-150-billion-refunds-are-at-stake-article-13764856.html" target="_blank">Why $150 billion refunds are at stake</a></h3>
Shares of <a href="https://www.moneycontrol.com/india/stockpricequote/textiles-readymade-apparels/gokaldasexports/GE05">Gokaldas Exports</a> rose nearly 3 percent to Rs 642.5 on the NSE. More than 60 percent of the company’s revenue comes from the US market. According to BSE Analytics data, the stock is down nearly 41 percent over the past one year.

KPR Mill shares fell 3 percent to Rs 826.7, while <a href="https://www.moneycontrol.com/india/stockpricequote/textiles-readymade-apparels/pearlglobalindustries/HPF01">Pearl Global Industries</a> gained about 2 percent to Rs 1,522.

Avanti Feeds shares declined more than 2 percent, and Apex Frozen Foods fell nearly 6 percent to Rs 260.25.

Sunny Agrawal, Head of Fundamental Research at SBI Securities, said "The overhang of Trump’s tariffs is likely to continue on export-related businesses such as Gokaldas, Avanti Feeds, among others."

"Today’s U.S. Supreme Court hearing can have multiple takeaways. In the first scenario, the U.S. Supreme Court strikes down Trump’s tariffs. In that case, the U.S. President can challenge the ruling, and the tariffs may continue for a longer period, so the overhang remains. In the second scenario, there is no clear ruling by the U.S. Supreme Court; in that case, too, the tariffs continue on all such businesses. In the third scenario, the U.S. Supreme Court gives a decision in favour of Trump’s tariffs; in that case as well, tariffs may continue on all export-led Indian businesses. I think that in all three scenarios, the overhang will continue until India and the U.S. formally come together to roll back the extra tariffs that the U.S. has imposed on India for importing Russian crude oil."

These stocks have seen sharp volatility in recent months as they derive a large portion of their revenues from the US market. The pressure intensified after Trump raised tariffs on Indian imports to 50 percent, citing India’s purchase of Russian oil.

Shares also reacted to Trump’s approval to move forward with a bipartisan sanctions bill proposing a <a href="https://www.moneycontrol.com/news/business/markets/500-us-tariff-on-india-gokaldas-exports-avanti-feeds-other-export-oriented-shares-tumble-up-to-13-13763072.html" target="_blank">500 percent tariff on countries continuing to do business with Russia</a>, including India, China and Brazil.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

A financial journalist with over 10 years of experience, specialising in tracking stock market movements and fundamental developments that impact investors and the broader economy. A keen observer of global financial markets, I regularly engage with leading market voices to write stories. At Moneycontrol, I focus on decoding market trends, policy shifts and economic changes, driven by a constant passion to learn, analyse, and share knowledge with my readers.

Gokaldas, Avanti Feeds, other export-oriented shares in focus ahead of US Supreme Court ruling on Trump's tariffs

Shares of Gokaldas Exports, Avanti Feeds, Pearl Global Industries among other export-oriented firms were in focus in Friday’s trade ahead of a key ruling by the US Supreme Court on President Donald Trump’s use of emergency powers to impose tariffs.

The case will decide whether Trump can invoke the International Emergency Economic Powers Act (IEEPA) to levy tariffs without congressional approval. During arguments in November, the justices indicated scepticism over Trump’s authority to impose such duties.

Analysts said export-linked stocks could see a rally if the court strikes down the tariffs, though they cautioned that alternative policy measures could limit the upside.

Ajit Mishra, senior vice-president (research) at Religare Broking, said export-oriented stocks had seen a recent rebound on expectations of relief from the US Supreme Court.

&quot;However, we believe market participants should temper their expectations, as the US government has planned other legislative measures to maintain or even raise tariffs in the event of an adverse ruling. Moreover, the recent weakness in broader markets further underscores the need for caution at current levels,&quot; Mishra added.
Trump Tariffs Supreme Court Hearing Date Today
Over 900 lawsuits had been filed in the US Supreme Court on behalf of businesses seeking tariff refunds, according to a tally compiled by Bloomberg. Company executives, customs brokers and trade lawyers are now bracing for the ruling, which can open up the possibility of obtaining perhaps $150 billion in refunds from the US government for duties already paid by importers in case Trump loses.
Why $150 billion refunds are at stake
Shares of Gokaldas Exports rose nearly 3 percent to Rs 642.5 on the NSE. More than 60 percent of the company’s revenue comes from the US market. According to BSE Analytics data, the stock is down nearly 41 percent over the past one year.

KPR Mill shares fell 3 percent to Rs 826.7, while Pearl Global Industries gained about 2 percent to Rs 1,522.

Avanti Feeds shares declined more than 2 percent, and Apex Frozen Foods fell nearly 6 percent to Rs 260.25.

Sunny Agrawal, Head of Fundamental Research at SBI Securities, said &quot;The overhang of Trump’s tariffs is likely to continue on export-related businesses such as Gokaldas, Avanti Feeds, among others.&quot;

&quot;Today’s U.S. Supreme Court hearing can have multiple takeaways. In the first scenario, the U.S. Supreme Court strikes down Trump’s tariffs. In that case, the U.S. President can challenge the ruling, and the tariffs may continue for a longer period, so the overhang remains. In the second scenario, there is no clear ruling by the U.S. Supreme Court; in that case, too, the tariffs continue on all such businesses. In the third scenario, the U.S. Supreme Court gives a decision in favour of Trump’s tariffs; in that case as well, tariffs may continue on all export-led Indian businesses. I think that in all three scenarios, the overhang will continue until India and the U.S. formally come together to roll back the extra tariffs that the U.S. has imposed on India for importing Russian crude oil.&quot;

These stocks have seen sharp volatility in recent months as they derive a large portion of their revenues from the US market. The pressure intensified after Trump raised tariffs on Indian imports to 50 percent, citing India’s purchase of Russian oil.

Shares also reacted to Trump’s approval to move forward with a bipartisan sanctions bill proposing a 500 percent tariff on countries continuing to do business with Russia, including India, China and Brazil.

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

Eternal shaers rose more than 3 percent in intraday trade on Friday after global brokerage Goldman Sachs reiterated its “buy” rating on the stock.

On the National Stock Exchange (NSE), the stock climbed 3.3 percent to an intraday high of Rs 292.90 per share. This marked the third straight session of gains for the stock.

The rally followed Goldman Sachs reiterating its positive stance on Eternal, saying it disagreed with the extent of bearishness being priced into the online food-delivery firm’s stock.

<a href="https://www.moneycontrol.com/india/stockpricequote/online-services/eternal/Z">Eternal</a> has declined about 17 percent over the past three months, compared with a 3 percent rise in the benchmark indices.

Goldman Sachs maintained its “buy” rating on the company but trimmed its price target to Rs 375 from Rs 390 earlier. Eternal is the parent company of food delivery platform Zomato and quick-commerce firm Blinkit.

The brokerage said the recent 14.6 percent sell-off in the stock during the October–December period, compared with a 6.2 percent gain in the Nifty 50, reflected concerns over heightened competition and expectations of a slowdown in quick commerce.

"We disagree with the extent of bearishness being priced into ETEA," Goldman Sachs said.
<h3>(Inputs from Reuters)</h3>
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Eternal shares rise 3% after Goldman Sachs says 'we disagree over extent of bearishness'

Eternal shaers rose more than 3 percent in intraday trade on Friday after global brokerage Goldman Sachs reiterated its “buy” rating on the stock.

On the National Stock Exchange (NSE), the stock climbed 3.3 percent to an intraday high of Rs 292.90 per share. This marked the third straight session of gains for the stock.

The rally followed Goldman Sachs reiterating its positive stance on Eternal, saying it disagreed with the extent of bearishness being priced into the online food-delivery firm’s stock.

Eternal has declined about 17 percent over the past three months, compared with a 3 percent rise in the benchmark indices.

Goldman Sachs maintained its “buy” rating on the company but trimmed its price target to Rs 375 from Rs 390 earlier. Eternal is the parent company of food delivery platform Zomato and quick-commerce firm Blinkit.

The brokerage said the recent 14.6 percent sell-off in the stock during the October–December period, compared with a 6.2 percent gain in the Nifty 50, reflected concerns over heightened competition and expectations of a slowdown in quick commerce.

&quot;We disagree with the extent of bearishness being priced into ETEA,&quot; Goldman Sachs said.
(Inputs from Reuters)
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Stocks in Focus on Jan 9: Elecon Engineering, Bajaj Finserv, Bharat Forge, Astra Microwave Products, Waaree Renewable Technologies, Andhra Cements, Rail Vikas Nigam, Bharat Electronics, Bharat Heavy Electricals, Highway Infrastructure

shorts/business/stocks-to-watch-today-bhel-bajaj-finserv-bharat-forge-rail-vikas-nigam-bharat-electronics-power-grid-highway-infra-elecon-engg-in-focus-on-9-january

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and order wins, here’s a quick look at which stocks will be in focus in today's trade:

<a href="https://www.moneycontrol.com/markets/earnings/" target="_blank">Results Today</a>

Indian Renewable Energy Development Agency, Tejas Networks, and Globus Spirits will release their quarterly earnings today.

<a href="https://www.moneycontrol.com/markets/earnings/" target="_blank">Results on January 10</a>

Avenue Supermarts, Gretex Corporate Services, Gayatri Projects, and Hawa Engineers will announce their quarterly numbers on January 10.

<a href="https://www.moneycontrol.com/markets/earnings/" target="_blank">Quarterly Earnings</a>

<a href="https://www.moneycontrol.com/india/stockpricequote/engineering-heavy/eleconengineeringcompany/EEC" target="_blank">Elecon Engineering Company</a> Q3 (Consolidated YoY)

Profit falls 33% to Rs 72 crore Vs Rs 107.5 crore

Revenue rises 4.3% to Rs 551.7 crore Vs Rs 528.9 crore

Narasimhan Raghunathan resigns as Chief Financial Officer (CFO) effective January 31

Monthly Sales Volume

<a href="https://www.moneycontrol.com/india/stockpricequote/automobile-truckslcvs/smlmahindra/SM" target="_blank">SML Mahindra</a> (December YoY)

Commercial vehicle sales soar 76.9% to 1,019 units Vs 576 units

Commercial vehicle production zooms 39.1% to 1,455 units Vs 1,046 units

Stocks to Watch

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-investments/bajajfinserv/BF04" target="_blank">Bajaj Finserv</a>

Bajaj Finserv announced the successful completion of the acquisition, together with Bajaj Holdings &amp; Investment and Jamnalal Sons, of a 23% stake in its insurance subsidiaries—Bajaj General Insurance and Bajaj Life Insurance—from Allianz SE for Rs 12,190 crore and Rs 9,200 crore, respectively.

The acquisition increased the Bajaj Group’s ownership in both insurance companies to 97% from 74%, giving Bajaj Finserv complete control of the insurance companies with a 75.01% stake.

The transfer of Allianz’s remaining 3% stake is expected to be completed over the next few months through a proposed buyback of shares by the insurance companies. If the buyback is completed, Bajaj Finserv’s stake is expected to rise to approximately 77.3%, with Bajaj Holdings &amp; Investment holding approximately 18.1%, while the balance will be held by Jamnalal Sons.

<a href="https://www.moneycontrol.com/india/stockpricequote/castingsforgings/bharatforge/BF03" target="_blank">Bharat Forge</a>

Bharat Forge has signed an MoU with Germany-based Agile Robots SE to jointly explore the space of AI-driven robotics and intelligent industrial automation.

<a href="https://www.moneycontrol.com/india/stockpricequote/defence/astramicrowaveproducts/AMP01" target="_blank">Astra Microwave Products</a>

Astra Rafael Comsys, the joint venture company, has received an order worth Rs 275.27 crore from the Indian Air Force for the integration of Software Defined Radio (SDR) on MiG-29 aircraft, installation of Network Centric Application (NCO) on MiG-29 aircraft, and procurement of 24 SDRs for LCA Mk-1A aircraft.

<a href="https://www.moneycontrol.com/india/stockpricequote/renewables/waareerenewabletechnologies/SA04" target="_blank">Waaree Renewable Technologies</a>

The company has received a Letter of Award for a revised project capacity of 704 MWac / 1,000 MWp. The commercial order value has been reduced from Rs 1,252.43 crore to Rs 1,039.60 crore, resulting in a reduction of Rs 212.83 crore. All other terms of the project remain unchanged.

<a href="https://www.moneycontrol.com/india/stockpricequote/cement-major/andhracement/AC16" target="_blank">Andhra Cements</a>

Promoter <a href="https://www.moneycontrol.com/india/stockpricequote/cement-mini/sagarcements/SC27" target="_blank">Sagar Cements</a> will sell up to 75 lakh equity shares of Andhra Cements (representing 8.14% of the total paid-up equity) via an offer-for-sale from January 9–12 to comply with minimum public shareholding norms. The floor price for the offer has been fixed at Rs 72 per share.

<a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-real-estate/prestigeestatesprojects/PEP02" target="_blank">Prestige Estates Projects</a>

Prestige Group, through Canopy Living LLP—a joint venture between Prestige Estates Projects and Arihant Foundations &amp; Housing—has signed an Agreement to Sell for the purchase of a land parcel measuring 16.381 acres at Padi, Chennai.

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/railvikasnigam/RVN" target="_blank">Rail Vikas Nigam</a>

The company has received a Letter of Acceptance (LoA) from East Coast Railway for setting up a wagon POH workshop with a capacity of 200 numbers at Kantabanji. The project cost is Rs 201.2 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/nhpc/N07" target="_blank">NHPC</a>

The Board has approved fund-raising of up to Rs 2,000 crore through the issuance of non-convertible, non-cumulative AH-Series bonds in one or more tranches via private placement, as part of the borrowing plan for FY26.

<a href="https://www.moneycontrol.com/india/stockpricequote/consumer-food/devyaniinternational/DI06" target="_blank">Devyani International</a>

The company’s subsidiary, Sky Gate Hospitality, has completed the sale of its entire 51% equity stake in Peanutbutter and Jelly to Heritage Foods. Consequently, Peanutbutter and Jelly has ceased to be a subsidiary of Sky Gate Hospitality and a step-down subsidiary of the company with immediate effect.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-general/ugrocapital/CS08" target="_blank">Ugro Capital</a>

The Board has approved the Scheme of Amalgamation of its subsidiary, Profectus Capital, with the company, along with their respective shareholders and creditors.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/morepenlaboratories/ML06" target="_blank">Morepen Laboratories</a>

The High Court of Himachal Pradesh has granted a stay on the Show Cause Notice issued by the Central GST &amp; Central Excise Commissionerate, Shimla, which demanded tax of Rs 118 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/aerospacedefence/bharatelectronics/BE03" target="_blank">Bharat Electronics</a>

The company has received additional orders worth Rs 596 crore since January 1. Major orders include drone detection and jamming systems, mobile communication terminals, software solutions, upgrades, spares, and services.

<a href="https://www.moneycontrol.com/india/stockpricequote/infrastructure-general/bharatheavyelectricals/BHE" target="_blank">Bharat Heavy Electricals</a>

BHEL has received an order worth Rs 5,400 crore from Bharat Coal Gasification and Chemicals (BCGCL) for the coal gasification and raw syngas cleaning plant (LSTK-1 package) of BCGCL’s coal-to-2,000 TPD ammonium nitrate project at Lakhanpur, Odisha.

BCGCL is a joint venture between BHEL and Coal India in a 49:51 ratio.

<a href="https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/powergridcorporationindia/PGC" target="_blank">Power Grid Corporation of India</a>

The company has been declared the successful bidder to establish an Inter-State Transmission System in Karnataka. The project involves transmission system strengthening for the integration of additional renewable energy project potential at Davanagere (0.25 GW) and Bellary (2.75 GW) on a Build, Own, Operate, and Transfer (BOOT) basis. The project includes a 400 kV double-circuit transmission line traversing Karnataka.

<a href="https://www.moneycontrol.com/india/stockpricequote/transport-infrastructure/highwayinfrastructure/H03" target="_blank">Highway Infrastructure</a>

The company has entered into a Contract Agreement with NHAI for the execution of operations at the Kaza Fee Plaza on the Chilakaluripet–Vijayawada section of NH-16 in Andhra Pradesh. The company is scheduled to take over the fee plaza on January 23.

<a href="https://www.moneycontrol.com/india/stockpricequote/refineries/relianceindustries/RI" target="_blank">Reliance Industries</a>

A meeting of the Board of Directors of the company is scheduled for January 16 to consider the standalone and consolidated unaudited financial results for the quarter and nine months ended December 2025.

Bulk Deals

<a href="https://www.moneycontrol.com/india/stockpricequote/householdpersonal-products/marutiinteriorproducts/MIP02" target="_blank">Maruti Interior Products</a>

Unicorn Fund has acquired 95,000 equity shares in Maruti Interior Products at Rs 211.02 per share for Rs 2 crore, while Greenx Wealth Multihorizons Opportunity Fund acquired 1.25 lakh shares at Rs 208 per share for Rs 2.6 crore, together accounting for 1.45% of the company’s paid-up equity.

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries/kross/KL01" target="_blank">Kross</a>

NV Alpha Fund Management has purchased 3.25 lakh shares, representing a 0.5% stake in Kross, at Rs 217.26 per share for Rs 7.06 crore.

Stock Trades Ex-Date for Rights

Viram Suvarn

Stock Trades Ex-Date for Bonus

Antariksh Industries

Stock Trades Ex-Date for Income Distribution (InvIT)

Energy Infrastructure Trust

Stocks in F&amp;O ban

Sammaan Capital
SAIL

Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Stocks to Watch Today: BHEL, Bajaj Finserv, Bharat Forge, Rail Vikas Nigam, Bharat Electronics, Power Grid, Highway Infra, Elecon Engg in focus on 9 January

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and order wins, here’s a quick look at which stocks will be in focus in today's trade:

Results Today

Indian Renewable Energy Development Agency, Tejas Networks, and Globus Spirits will release their quarterly earnings today.

Results on January 10

Avenue Supermarts, Gretex Corporate Services, Gayatri Projects, and Hawa Engineers will announce their quarterly numbers on January 10.

Quarterly Earnings

Elecon Engineering Company Q3 (Consolidated YoY)

Profit falls 33% to Rs 72 crore Vs Rs 107.5 crore

Revenue rises 4.3% to Rs 551.7 crore Vs Rs 528.9 crore

Narasimhan Raghunathan resigns as Chief Financial Officer (CFO) effective January 31

Monthly Sales Volume

SML Mahindra (December YoY)

Commercial vehicle sales soar 76.9% to 1,019 units Vs 576 units

Commercial vehicle production zooms 39.1% to 1,455 units Vs 1,046 units

Stocks to Watch

Bajaj Finserv

Bajaj Finserv announced the successful completion of the acquisition, together with Bajaj Holdings &amp;amp; Investment and Jamnalal Sons, of a 23% stake in its insurance subsidiaries—Bajaj General Insurance and Bajaj Life Insurance—from Allianz SE for Rs 12,190 crore and Rs 9,200 crore, respectively.

The acquisition increased the Bajaj Group’s ownership in both insurance companies to 97% from 74%, giving Bajaj Finserv complete control of the insurance companies with a 75.01% stake.

The transfer of Allianz’s remaining 3% stake is expected to be completed over the next few months through a proposed buyback of shares by the insurance companies. If the buyback is completed, Bajaj Finserv’s stake is expected to rise to approximately 77.3%, with Bajaj Holdings &amp;amp; Investment holding approximately 18.1%, while the balance will be held by Jamnalal Sons.

Bharat Forge

Bharat Forge has signed an MoU with Germany-based Agile Robots SE to jointly explore the space of AI-driven robotics and intelligent industrial automation.

Astra Microwave Products

Astra Rafael Comsys, the joint venture company, has received an order worth Rs 275.27 crore from the Indian Air Force for the integration of Software Defined Radio (SDR) on MiG-29 aircraft, installation of Network Centric Application (NCO) on MiG-29 aircraft, and procurement of 24 SDRs for LCA Mk-1A aircraft.

Waaree Renewable Technologies

The company has received a Letter of Award for a revised project capacity of 704 MWac / 1,000 MWp. The commercial order value has been reduced from Rs 1,252.43 crore to Rs 1,039.60 crore, resulting in a reduction of Rs 212.83 crore. All other terms of the project remain unchanged.

Andhra Cements

Promoter Sagar Cements will sell up to 75 lakh equity shares of Andhra Cements (representing 8.14% of the total paid-up equity) via an offer-for-sale from January 9–12 to comply with minimum public shareholding norms. The floor price for the offer has been fixed at Rs 72 per share.

Prestige Estates Projects

Prestige Group, through Canopy Living LLP—a joint venture between Prestige Estates Projects and Arihant Foundations &amp;amp; Housing—has signed an Agreement to Sell for the purchase of a land parcel measuring 16.381 acres at Padi, Chennai.

Rail Vikas Nigam

The company has received a Letter of Acceptance (LoA) from East Coast Railway for setting up a wagon POH workshop with a capacity of 200 numbers at Kantabanji. The project cost is Rs 201.2 crore.

NHPC

The Board has approved fund-raising of up to Rs 2,000 crore through the issuance of non-convertible, non-cumulative AH-Series bonds in one or more tranches via private placement, as part of the borrowing plan for FY26.

Devyani International

The company’s subsidiary, Sky Gate Hospitality, has completed the sale of its entire 51% equity stake in Peanutbutter and Jelly to Heritage Foods. Consequently, Peanutbutter and Jelly has ceased to be a subsidiary of Sky Gate Hospitality and a step-down subsidiary of the company with immediate effect.

Ugro Capital

The Board has approved the Scheme of Amalgamation of its subsidiary, Profectus Capital, with the company, along with their respective shareholders and creditors.

Morepen Laboratories

The High Court of Himachal Pradesh has granted a stay on the Show Cause Notice issued by the Central GST &amp;amp; Central Excise Commissionerate, Shimla, which demanded tax of Rs 118 crore.

Bharat Electronics

The company has received additional orders worth Rs 596 crore since January 1. Major orders include drone detection and jamming systems, mobile communication terminals, software solutions, upgrades, spares, and services.

Bharat Heavy Electricals

BHEL has received an order worth Rs 5,400 crore from Bharat Coal Gasification and Chemicals (BCGCL) for the coal gasification and raw syngas cleaning plant (LSTK-1 package) of BCGCL’s coal-to-2,000 TPD ammonium nitrate project at Lakhanpur, Odisha.

BCGCL is a joint venture between BHEL and Coal India in a 49:51 ratio.

Power Grid Corporation of India

The company has been declared the successful bidder to establish an Inter-State Transmission System in Karnataka. The project involves transmission system strengthening for the integration of additional renewable energy project potential at Davanagere (0.25 GW) and Bellary (2.75 GW) on a Build, Own, Operate, and Transfer (BOOT) basis. The project includes a 400 kV double-circuit transmission line traversing Karnataka.

Highway Infrastructure

The company has entered into a Contract Agreement with NHAI for the execution of operations at the Kaza Fee Plaza on the Chilakaluripet–Vijayawada section of NH-16 in Andhra Pradesh. The company is scheduled to take over the fee plaza on January 23.

Reliance Industries

A meeting of the Board of Directors of the company is scheduled for January 16 to consider the standalone and consolidated unaudited financial results for the quarter and nine months ended December 2025.

Bulk Deals

Maruti Interior Products

Unicorn Fund has acquired 95,000 equity shares in Maruti Interior Products at Rs 211.02 per share for Rs 2 crore, while Greenx Wealth Multihorizons Opportunity Fund acquired 1.25 lakh shares at Rs 208 per share for Rs 2.6 crore, together accounting for 1.45% of the company’s paid-up equity.

Kross

NV Alpha Fund Management has purchased 3.25 lakh shares, representing a 0.5% stake in Kross, at Rs 217.26 per share for Rs 7.06 crore.

Stock Trades Ex-Date for Rights

Viram Suvarn

Stock Trades Ex-Date for Bonus

Antariksh Industries

Stock Trades Ex-Date for Income Distribution (InvIT)

Energy Infrastructure Trust

Stocks in F&amp;amp;O ban

Sammaan Capital
SAIL

Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Unicorn Fund, Greenx Wealth Multihorizons Opportunity Fund buy over 1.4% stake in Maruti Interior Products, NV Alpha Fund Management acquires 0.5% stake in Kross

* Unicorn Fund, Greenx Wealth Multihorizons Opportunity Fund buy over 1.4% stake in Maruti Interior Products
* NV Alpha Fund Management acquires 0.5% stake in Kross

shorts/business/unicorn-fund-greenx-wealth-multihorizons-opportunity-fund-pick-up-over-1-4-stake-in-maruti-interior-products

* Unicorn Fund, Greenx Wealth Multihorizons Opportunity Fund buy over 1.4% stake in Maruti Interior Products
* NV Alpha Fund Management acquires 0.5% stake in Kross

Unicorn Fund, and Greenx Wealth Multihorizons Opportunity Fund have acquired more than 1.4 percent equity stake in Maruti Interior Products, the Rajkot-based wire shelving and refrigerator wire shelves manufacturer, via open market transactions on January 8.

Despite big stake acquisition, <a href="https://www.moneycontrol.com/india/stockpricequote/householdpersonal-products/marutiinteriorproducts/MIP02">Maruti Interior Products</a> shares closed lower at Rs 209.65 on the BSE, down 0.78 percent amid high volumes.

Unicorn Fund has acquired 95,000 equity shares in Maruti Interior Products at Rs 211.02 per share for Rs 2 crore, while Greenx Wealth Multihorizons Opportunity Fund picked up 1.25 lakh shares at Rs 208 per share for Rs 2.6 crore, totalling to 1.45 percent of its paid-up equity.

Meanwhile, Deep Diamond India has acquired 25 lakh shares (0.55 percent stake) in <a href="https://www.moneycontrol.com/india/stockpricequote/ceramicsmarblegranitesanitaryware/exxarotiles/ET02">Exxaro Tiles</a> at Rs 7.85 per share, for Rs 1.96 crore, while NV Alpha Fund Management has bought 3.25 lakh shares (half a percent stake) in <a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries/kross/KL01">Kross</a>, the forging components maker, at Rs 217.26 per share for Rs 7.06 crore.

Exxaro Tiles shares fell 0.89 percent to finish at Rs 7.83 on the NSE, while Kross stock rose 1.14 percent to Rs 211.96.

Unicorn Fund, Greenx Wealth Multihorizons Opportunity Fund pick up over 1.4% stake in Maruti Interior Products

Unicorn Fund, and Greenx Wealth Multihorizons Opportunity Fund have acquired more than 1.4 percent equity stake in Maruti Interior Products, the Rajkot-based wire shelving and refrigerator wire shelves manufacturer, via open market transactions on January 8.

Despite big stake acquisition, Maruti Interior Products shares closed lower at Rs 209.65 on the BSE, down 0.78 percent amid high volumes.

Unicorn Fund has acquired 95,000 equity shares in Maruti Interior Products at Rs 211.02 per share for Rs 2 crore, while Greenx Wealth Multihorizons Opportunity Fund picked up 1.25 lakh shares at Rs 208 per share for Rs 2.6 crore, totalling to 1.45 percent of its paid-up equity.

Meanwhile, Deep Diamond India has acquired 25 lakh shares (0.55 percent stake) in Exxaro Tiles at Rs 7.85 per share, for Rs 1.96 crore, while NV Alpha Fund Management has bought 3.25 lakh shares (half a percent stake) in Kross, the forging components maker, at Rs 217.26 per share for Rs 7.06 crore.

Exxaro Tiles shares fell 0.89 percent to finish at Rs 7.83 on the NSE, while Kross stock rose 1.14 percent to Rs 211.96.

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Stocks to Watch Today: BHEL, Bajaj Finserv, Bharat Forge, Rail Vikas Nigam, Bharat Electronics, Power Grid, Highway Infra, Elecon Engg in focus on 9 January

Unicorn Fund, Greenx Wealth Multihorizons Opportunity Fund pick up over 1.4% stake in Maruti Interior Products

Auto Ancillaries - Sheet Metals Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Auto Ancillaries - Sheet Metals industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q3 FY25-26

Stock News

BofA takes 0.66% stake in MTAR Tech; SocGen and Marshall Wace swap Rs 51 crore Tata Capital

Gokaldas, Avanti Feeds, other export-oriented shares in focus ahead of US Supreme Court ruling on Trump's tariffs

Eternal shares rise 3% after Goldman Sachs says 'we disagree over extent of bearishness'

Stocks to Watch Today: BHEL, Bajaj Finserv, Bharat Forge, Rail Vikas Nigam, Bharat Electronics, Power Grid, Highway Infra, Elecon Engg in focus on 9 January

Unicorn Fund, Greenx Wealth Multihorizons Opportunity Fund pick up over 1.4% stake in Maruti Interior Products

Auto Ancillaries - Sheet Metals Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Auto Ancillaries - Sheet Metals industry stocks.