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Sunil Singhania-owned Abakkus Asset Manager's Abakkus Diversified Alpha Fund - 2 acquired 0.35 percent equity stake in EFC (I) via open market transactions on October 8.

EFC (I) shares finished the session at Rs 304.95, up 2.88 percent after significant volatility.

Abakkus Diversified Alpha Fund has bought 3.5 lakh shares in <a href="https://www.moneycontrol.com/india/stockpricequote/trading/efci/ATE01">EFC</a> at Rs 296.1 per share, valued at Rs 10.36 crore, from Forbes EMF.

As of June 2025, Forbes EMF held 1.51 percent stake (15 lakh shares) in the company.

The brisk action was also seen in <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/rblbank/RB03">RBL Bank</a>, which soared 4.72 percent to Rs 286.45. France-based Societe Generale acquired 33.22 lakh shares (0.54 percent stake) at Rs 284 per share, for Rs 94.36 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/automobile-23-wheelers/zelioe-mobility/ZEL">Zelio E Mobility</a> shares saw healthy buying interest on its market debut, rising 19.56 percent to Rs 162.6. Bonanza Portfolio bought 2 lakh shares for Rs 3.1 crore, Param Capital purchased 10 lakh shares for Rs 15.49 crore, and Sanjay Popatlal Jain 3.75 lakh shares for Rs 5.8 crore. All of them acquired these shares at Rs 154.9 per share.

Among others, Aegis Investment Fund picked 1 lakh shares in <a href="https://www.moneycontrol.com/india/stockpricequote/engineering-heavy/eimcoeleconindia/EEI">Eimco Elecon (India)</a> at Rs 2,201.95 per share for Rs 22.01 crore, and Samyaktva Construction LLP bought 1.49 crore shares in <a href="https://www.moneycontrol.com/india/stockpricequote/online-services/infibeamavenues/IIL03">Infibeam Avenues</a> at Rs 19.12 per share, valued at Rs 28.51 crore.

Ownership, Material Conflicts of Interest and Disciplinary History

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.

Details of Associate

Receipt of Compensation

Third-Party Compensation

Employment History

Market-Making Activities

Use of Artificial Intelligence

Sunil Singhania's Abakkus picks over Rs 10 crore worth shares in workspaces provider

Sunil Singhania-owned Abakkus Asset Manager's Abakkus Diversified Alpha Fund - 2 acquired 0.35 percent equity stake in EFC (I) via open market transactions on October 8.

EFC (I) shares finished the session at Rs 304.95, up 2.88 percent after significant volatility.

Abakkus Diversified Alpha Fund has bought 3.5 lakh shares in EFC at Rs 296.1 per share, valued at Rs 10.36 crore, from Forbes EMF.

As of June 2025, Forbes EMF held 1.51 percent stake (15 lakh shares) in the company.

The brisk action was also seen in RBL Bank, which soared 4.72 percent to Rs 286.45. France-based Societe Generale acquired 33.22 lakh shares (0.54 percent stake) at Rs 284 per share, for Rs 94.36 crore.

Zelio E Mobility shares saw healthy buying interest on its market debut, rising 19.56 percent to Rs 162.6. Bonanza Portfolio bought 2 lakh shares for Rs 3.1 crore, Param Capital purchased 10 lakh shares for Rs 15.49 crore, and Sanjay Popatlal Jain 3.75 lakh shares for Rs 5.8 crore. All of them acquired these shares at Rs 154.9 per share.

Among others, Aegis Investment Fund picked 1 lakh shares in Eimco Elecon (India) at Rs 2,201.95 per share for Rs 22.01 crore, and Samyaktva Construction LLP bought 1.49 crore shares in Infibeam Avenues at Rs 19.12 per share, valued at Rs 28.51 crore.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/dreamfolksservices/DS09">DreamFolks Services</a> jumped 5 percent to hit the upper circuit at Rs 114.61 apiece. This comes after the company shared key business updates.

In an exchange filing released in the post market hours of October 7, DreamFolks Services announced the official launch of its new and exclusive DreamFolks Club Memberships at the Global Fintech Fest 2025 in Mumbai.

DreamFolks Club Memberships:

The exclusive membership includes anchor services like members-only social clubs, global lounges, golf games and golf lessons, along with value-added benefits like coffee at malls, highway dining, salon and spa privileges, OTT subscriptions, movie vouchers, visa services, floral gifting, and travel SIMs.

"By integrating lifestyle, travel, wellness, and essential services into a single membership, this initiative creates a truly holistic platform for everyday and aspirational experiences," it said.

DreamFolks Services and The Card Company launch 'Wallet α':

In another exchange filing released on October 8, DreamFolks Services announced that it has collaborated with The Card Company to launch India's first premium wallet - Wallet product Alpha (α). This directly integrates elite travel, lifestyle, and entertainment privileges on PPI rails, it said.

"Through Wallet α, benefits which traditionally have been exclusive to select Credit Card users are now made accessible to every consumer across the country,” it added. The wallet includes several benefits like:
<ul>
	<li>Travel benefits: Global airport lounge access, airport transfers, railway lounges and hotel upgrades.</li>
	<li>Lifestyle Benefits: Access to members-only clubs, golf sessions, wellness and fitness services, and curated experiences.</li>
	<li>Entertainment &amp; Dining Benefits: OTT subscriptions, movie benefits, and gourmet dining offers.</li>
</ul>
"This collaboration solidifies DreamFolks' position as the essential digital backbone for privilege, extending its network of premium experiences to India’s rapidly growing digital innovation in the BFSI sector," it added.

DreamFolks Services announces strategic partnership with WSFx Global Pay:

In another exchange filing released today, DreamFolks Services announced that it has formed a strategic partnership with WSFx Global Pay Limited at the Global Fintech Festival (GFF) 2025 in Mumbai to simplify and elevate the end-to-end travel transit experience for Indian consumers.

"Through this collaboration, DreamFolks and GlobalPay will integrate a suite of global transit and travel convenience services into GlobalPay’s ecosystem, creating a one-stop platform that merges payments, privileges, and mobility under the payment layer. This partnership moves beyond transactional payments, offering a full spectrum of services that enrich the modern traveler’s lifestyle,” it said.

“As part of this partnership, Indian travelers will gain access to a wide range of premium, yet accessible transit features, including Global &amp; Domestic Lounge Access, Meet &amp; Assist Services, Club Access, Visa at Doorstep &amp; Lounge Support, Airport &amp; Cab Transfers,” it added.

DreamFolks Services share price history:

DreamFolks Services shares have gained more than 11.5 percent in the past five days, but fell nearly 17 percent in the past one month. The stock crashed 48 percent in the past six months, and is down more than 71 percent in 2025 so far.

DreamFolks shares hit 5% upper circuit after firm launches exclusive club memberships, premium wallet

The shares of DreamFolks Services jumped 5 percent to hit the upper circuit at Rs 114.61 apiece. This comes after the company shared key business updates.

In an exchange filing released in the post market hours of October 7, DreamFolks Services announced the official launch of its new and exclusive DreamFolks Club Memberships at the Global Fintech Fest 2025 in Mumbai.

DreamFolks Club Memberships:

The exclusive membership includes anchor services like members-only social clubs, global lounges, golf games and golf lessons, along with value-added benefits like coffee at malls, highway dining, salon and spa privileges, OTT subscriptions, movie vouchers, visa services, floral gifting, and travel SIMs.

&quot;By integrating lifestyle, travel, wellness, and essential services into a single membership, this initiative creates a truly holistic platform for everyday and aspirational experiences,&quot; it said.

DreamFolks Services and The Card Company launch 'Wallet α':

In another exchange filing released on October 8, DreamFolks Services announced that it has collaborated with The Card Company to launch India's first premium wallet - Wallet product Alpha (α). This directly integrates elite travel, lifestyle, and entertainment privileges on PPI rails, it said.

&quot;Through Wallet α, benefits which traditionally have been exclusive to select Credit Card users are now made accessible to every consumer across the country,” it added. The wallet includes several benefits like:

	Travel benefits: Global airport lounge access, airport transfers, railway lounges and hotel upgrades.
	Lifestyle Benefits: Access to members-only clubs, golf sessions, wellness and fitness services, and curated experiences.
	Entertainment &amp;amp; Dining Benefits: OTT subscriptions, movie benefits, and gourmet dining offers.

&quot;This collaboration solidifies DreamFolks' position as the essential digital backbone for privilege, extending its network of premium experiences to India’s rapidly growing digital innovation in the BFSI sector,&quot; it added.

DreamFolks Services announces strategic partnership with WSFx Global Pay:

In another exchange filing released today, DreamFolks Services announced that it has formed a strategic partnership with WSFx Global Pay Limited at the Global Fintech Festival (GFF) 2025 in Mumbai to simplify and elevate the end-to-end travel transit experience for Indian consumers.

&quot;Through this collaboration, DreamFolks and GlobalPay will integrate a suite of global transit and travel convenience services into GlobalPay’s ecosystem, creating a one-stop platform that merges payments, privileges, and mobility under the payment layer. This partnership moves beyond transactional payments, offering a full spectrum of services that enrich the modern traveler’s lifestyle,” it said.

“As part of this partnership, Indian travelers will gain access to a wide range of premium, yet accessible transit features, including Global &amp;amp; Domestic Lounge Access, Meet &amp;amp; Assist Services, Club Access, Visa at Doorstep &amp;amp; Lounge Support, Airport &amp;amp; Cab Transfers,” it added.

DreamFolks Services share price history:

DreamFolks Services shares have gained more than 11.5 percent in the past five days, but fell nearly 17 percent in the past one month. The stock crashed 48 percent in the past six months, and is down more than 71 percent in 2025 so far.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/engineering-heavy/eimcoeleconindia/EEI">Eimco Elecon (India)</a> jumped 20 percent to hit the upper circuit on October 8 after ace investor Vijay Kedia bought stake worth nearly Rs 11 crore in the company.

According to the latest data on NSE, Vijay Kedia's firm Kedia Securities bought 57,441 shares in the company at an average price of Rs 1,906.71 apiece in a bulk deal on October 7. The stock's market capitalization currently stands at Rs 1,327 crore.

Eimco Elecon share price history:

The stock has jumped more than 32 percent in the past five days, and over 58 percent in the past six months. The stock has rallied more than 619 percent in the past five years.

After hitting a 52-week high of Rs 3,395.05 per share in October last year, the stock dropped nearly 62 percent to hit a 52-week low of Rs 1,301 per share in April this year. It has now recovered 77 percent to today’s closing level of Rs 2,301 apiece.

Eimco Elecon share: Technical view:

Eimco Elecon shares have a P/E ratio of 23. According to latest data on shareholding pattern, promoters and promoter group held 74 percent stake in the company as at the end of June, while the rest was held by general public. That is why, the stock’s free float market capitalization (shares available for trade, excluding the ones held by promoters and others), stood at Rs 341.18 crore, which is only 25 percent of its total m-cap.

About Eimco Elecon:

Eimco Elecon manufactures and supplies various mining and construction equipment. The Gujarat-headquartered company was incorporated in 1974 and went public in 1992. According to its website, it was the first to introduce the intermediate technology of Side Dump Loaders (SDLs), Load Haul Dumpers (LHDs) and Rocker Shovel Loaders in India to partially mechanize the underground Coal and metalliferrous mines.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-08-10-2025-liveblog-13602779.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.

Eimco Elecon shares hit 20% upper circuit after Vijay Kedia buys stake worth Rs 11 crore

The shares of Eimco Elecon (India) jumped 20 percent to hit the upper circuit on October 8 after ace investor Vijay Kedia bought stake worth nearly Rs 11 crore in the company.

According to the latest data on NSE, Vijay Kedia's firm Kedia Securities bought 57,441 shares in the company at an average price of Rs 1,906.71 apiece in a bulk deal on October 7. The stock's market capitalization currently stands at Rs 1,327 crore.

Eimco Elecon share price history:

The stock has jumped more than 32 percent in the past five days, and over 58 percent in the past six months. The stock has rallied more than 619 percent in the past five years.

After hitting a 52-week high of Rs 3,395.05 per share in October last year, the stock dropped nearly 62 percent to hit a 52-week low of Rs 1,301 per share in April this year. It has now recovered 77 percent to today’s closing level of Rs 2,301 apiece.

Eimco Elecon share: Technical view:

Eimco Elecon shares have a P/E ratio of 23. According to latest data on shareholding pattern, promoters and promoter group held 74 percent stake in the company as at the end of June, while the rest was held by general public. That is why, the stock’s free float market capitalization (shares available for trade, excluding the ones held by promoters and others), stood at Rs 341.18 crore, which is only 25 percent of its total m-cap.

About Eimco Elecon:

Eimco Elecon manufactures and supplies various mining and construction equipment. The Gujarat-headquartered company was incorporated in 1974 and went public in 1992. According to its website, it was the first to introduce the intermediate technology of Side Dump Loaders (SDLs), Load Haul Dumpers (LHDs) and Rocker Shovel Loaders in India to partially mechanize the underground Coal and metalliferrous mines.

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 <a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries-auto-truckmotorcycle-parts/samvardhanamothersoninternational/MSS01">Samvardhana Motherson</a> dropped nearly 2 percent on October 8 after luxury carmaker BMW cut its 2025 earnings forecast due to weak sales in China and tariff costs.

Samvardhana Motherson derived 5 percent of its 2024 revenue from the German carmaker.

Why Samvardhana Motherson shares fell after BMW's guidance cut?

BMW was Samvardhana Motherson's fifth largest customer in terms of revenue during the fiscal year 2024, after Mercedes Benz, Audi, Volkswagen and <a href="https://www.moneycontrol.com/india/stockpricequote/auto-carsjeeps/marutisuzukiindia/MS24">Maruti Suzuki</a>. Hence, the guidance cut by the foreign company may have dampened the investor spirit for the stock.

BMW said that it now sees pretax group earnings slightly lower in 2025 compared to last year. This is lower than the previous expectation of an on-par earnings. The automaker also slashed its projection for automotive free cash flow.

BMW now expects free cash flow of above €2.5 billion ($2.9 billion), down from its earlier estimate of more than €5 billion. It also narrowed its profit margin expectations for automotive business to 5-6 percent, from 5-7 percent.

This comes as the German automakers face strong competition from Chinese brands like BYD. BMW said that while sales had risen in Europe and the US in January-September, sales in China were below expectations.

Samvardhana Motherson share price history:

Samvardhana Motherson shares were trading at around Rs 102 apiece. The stock has fallen nearly 4 percent in the past five days, but gained nearly 4 percent in the past one month. The stock has risen more than 33 percent in the past six months, but fell nearly 25 percent in the past one year.

Its P/E ratio currently stands at around 35. After hitting a 52-week high of Rs 143.91 apiece in October last year, the stock dropped more than 50 percent to hit a 52-week low of Rs 71.50 apiece in April this year. The stock has now recovered nearly 43 percent since then.

(With inputs from the agencies)

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-08-10-2025-liveblog-13602779.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.

Samvardhana Motherson shares drop 2% after BMW cuts 2025 earnings forecast

The shares of Samvardhana Motherson dropped nearly 2 percent on October 8 after luxury carmaker BMW cut its 2025 earnings forecast due to weak sales in China and tariff costs.

Samvardhana Motherson derived 5 percent of its 2024 revenue from the German carmaker.

Why Samvardhana Motherson shares fell after BMW's guidance cut?

BMW was Samvardhana Motherson's fifth largest customer in terms of revenue during the fiscal year 2024, after Mercedes Benz, Audi, Volkswagen and Maruti Suzuki. Hence, the guidance cut by the foreign company may have dampened the investor spirit for the stock.

BMW said that it now sees pretax group earnings slightly lower in 2025 compared to last year. This is lower than the previous expectation of an on-par earnings. The automaker also slashed its projection for automotive free cash flow.

BMW now expects free cash flow of above €2.5 billion ($2.9 billion), down from its earlier estimate of more than €5 billion. It also narrowed its profit margin expectations for automotive business to 5-6 percent, from 5-7 percent.

This comes as the German automakers face strong competition from Chinese brands like BYD. BMW said that while sales had risen in Europe and the US in January-September, sales in China were below expectations.

Samvardhana Motherson share price history:

Samvardhana Motherson shares were trading at around Rs 102 apiece. The stock has fallen nearly 4 percent in the past five days, but gained nearly 4 percent in the past one month. The stock has risen more than 33 percent in the past six months, but fell nearly 25 percent in the past one year.

Its P/E ratio currently stands at around 35. After hitting a 52-week high of Rs 143.91 apiece in October last year, the stock dropped more than 50 percent to hit a 52-week low of Rs 71.50 apiece in April this year. The stock has now recovered nearly 43 percent since then.

(With inputs from the agencies)

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.

Shares of Brightcom Group, IFCI and Jai Corp advanced up to 11 percent in Wednesday’s trade after the exchanges revised their circuit limits.

Brightcom Group's circuit was changed from 5 to 20 percent, while that of IFCI and Jai Corp's circuit was changed to 20 percent from 10 percent.

<a href="https://www.moneycontrol.com/india/stockpricequote/steel-gpgc-sheets/jaicorp/JC08">Jai Corp</a> was among the top gainers on the BSE Smallcap index. The stock rose 13.75 percent to touch an intraday high of Rs 163.71 on the NSE after two straight sessions of losses.

Shares of <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software-mediumsmall/brightcomgroup/LGS">Brightcom Group</a> gained 15.79 percent to hit an intraday high of Rs 15.11 on the NSE. The stock opened with a gain of 7.28 percent, recovering after three sessions of decline.

IFCI shares also moved higher, rising 7.19 percent to Rs 60.69 on the NSE, rebounding after two consecutive days of fall.

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.

Brightcom, IFCI, Jai Corp shares rise up to 11% on circuit change announcement

Shares of Brightcom Group, IFCI and Jai Corp advanced up to 11 percent in Wednesday’s trade after the exchanges revised their circuit limits.

Brightcom Group's circuit was changed from 5 to 20 percent, while that of IFCI and Jai Corp's circuit was changed to 20 percent from 10 percent.

Jai Corp was among the top gainers on the BSE Smallcap index. The stock rose 13.75 percent to touch an intraday high of Rs 163.71 on the NSE after two straight sessions of losses.

Shares of Brightcom Group gained 15.79 percent to hit an intraday high of Rs 15.11 on the NSE. The stock opened with a gain of 7.28 percent, recovering after three sessions of decline.

IFCI shares also moved higher, rising 7.19 percent to Rs 60.69 on the NSE, rebounding after two consecutive days of fall.

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.

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

Gainers/Losers

Industry Market Map

Earnings Review-Q2 FY25-26

Stock News

Sunil Singhania's Abakkus picks over Rs 10 crore worth shares in workspaces provider

DreamFolks shares hit 5% upper circuit after firm launches exclusive club memberships, premium wallet

Eimco Elecon shares hit 20% upper circuit after Vijay Kedia buys stake worth Rs 11 crore

Samvardhana Motherson shares drop 2% after BMW cuts 2025 earnings forecast

Brightcom, IFCI, Jai Corp shares rise up to 11% on circuit change announcement

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

Gainers/Losers

Industry Market Map

Earnings Review-Q2 FY25-26

Stock News

Sunil Singhania's Abakkus picks over Rs 10 crore worth shares in workspaces provider

DreamFolks shares hit 5% upper circuit after firm launches exclusive club memberships, premium wallet

Eimco Elecon shares hit 20% upper circuit after Vijay Kedia buys stake worth Rs 11 crore

Samvardhana Motherson shares drop 2% after BMW cuts 2025 earnings forecast

Brightcom, IFCI, Jai Corp shares rise up to 11% on circuit change announcement

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