< -5%

-5% to -3%

Rubfila Intl

JK Tyre Ind

Apollo Tyres

Ceat

Eastern Treads

Emerald Tyre

-3% to 0%

Modi Rubber

Krypton

MM Rubber

Vamshi Rubber

Indag Rubber

Tolins Tyres

Pix Transmis

Dolfin Rubbers

Goodyear

Balkrishna Ind

0% to 3%

Somi Conveyor

TVS Srichakra

3% to 5%

Asian Paints shares fell nearly 7 percent after Q3 results disappointed analysts, Q3 net profit fell 4.6% YoY; revenue up 4% YoY to Rs 8,867 crore, Brokerages cut earnings estimates and targets due to slow demand recovery.

* Asian Paints shares fell nearly 7 percent after Q3 results disappointed analysts
* Q3 net profit fell 4.6% YoY; revenue up 4% YoY to Rs 8,867 crore
* Brokerages cut earnings estimates and targets due to slow demand recovery.

Asian Paints shares fell nearly 7% after Q3 FY26 net profit dropped 4.6% YoY to Rs 1,060 crore. Brokerages cited weak demand, muted growth outlook, and cut earnings estimates, with target prices ranging from Rs 1,875 to Rs 2,950 per share.

shorts/business/asian-paints-shares-tumble-7-after-lacklustre-q3-results-brokerages-expect-delay-in-demand-recovery

* Asian Paints shares fell nearly 7 percent after Q3 results disappointed analysts
* Q3 net profit fell 4.6% YoY; revenue up 4% YoY to Rs 8,867 crore
* Brokerages cut earnings estimates and targets due to slow demand recovery.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/paintsvarnishes/asianpaints/AP31">Asian Paints</a> tumbled nearly 7 percent on January 28 as brokerages analysed the company's results for the October-December quarter of the ongoing financial year 2026.

The shares of the paint-maker dropped to Rs 2,451 apiece in the early trading hours of Wednesday. This is the lowest level seen by the stock since October last year.
<h3><strong>Asian Paints Q3 Results:</strong></h3>
Asian Paints on January 28 reported a <a href="https://www.moneycontrol.com/news/business/earnings/asian-paints-q3-net-profit-falls-5-to-rs-1-060-crore-shares-decline-5-13792246.html">consolidated net profit of Rs 1,060 crore</a> for Q3 FY26, marking a 4.6 percent year-on-year (YoY) fall from Rs 1,110.48 crore net profit reported in Q3 FY25. This however includes exceptional items of Rs 157.61 crore due to labour code and Impairment loss following acquisition of Obgenix Software Private Limited ('White Teak').

The firm's revenue from operations meanwhile rose around 4 percent YoY to Rs 8,867.02 crore. Consolidated net sales increased 3.9 percent YoY to Rs 8,849.7 crore during the quarter under review.
<h3><strong>Motilal Oswal on Asian Paints:</strong></h3>
Motilal Oswal said that Asian Paints delivered a "lacklustre performance" as growth delivery remained soft despite a favorable base and multiple initiatives. "A shorter festive period and an extended monsoon did weigh on 3Q performance and further delay demand recovery," the brokerage said.

"The management commentary on demand recovery was uninspiring, especially after the constructive commentary post-2QFY26. APNT expects volumes to be in the 8-10% range and value growth of ~5% in the near term. That said, management maintained its EBITDA margin guidance of 18-20%, aided by formulation and sourcing efficiencies. We model 10% revenue CAGR over FY26-28E along with ~19% EBITDA margin for FY27/FY28E," Motilal added.

Given slower demand recovery and competitive pressure, Motilal expects the near-term growth outlook to remain muted. "However, as the paint category enjoys pentup demand, we will be watchful if the recovery pace picks up faster in the coming seasonal quarters. The company is focusing on product innovation, brand salience, regionalization, and execution excellence to negate competitive pressure," it added.

Motilal cut its EPS estimates by 1-3 percent over FY26-28E. It reiterated its ‘Neutral’ rating on the stock, with a target price of Rs 2,950 apiece, which implies an upside potential of nearly 12.5 percent over the stock's previous closing price.
<h3><strong>JM Financial on Asian Paints:</strong></h3>
JM Financial said that the company's Q3 results were marginally below expectation. "Decorative volume/value growth of 7.9%/2.8% YoY was below ours and consensus estimate, despite weak base, owing to shorter festive (impacted October sales, November/December had better growth) and extended monsoons. Management remains cautious on demand trends – a) sees mid-single-digit sales growth as reasonable in near term led by volume growth of c.8-10% and negative price/mix impact of c.4-5% (similar to trends seen in 2Q/3Q), b) prolonged softness in industry growth seen due to some reduction in frequency of painting/occasion-led painting and consumer shift to other discretionary spends. Moreover, based on current trends the negative mix impact (c.4-5%) is likely to sustain for next few quarters (will percolate into FY27E)," the brokerage said.

It cut FY27/28E earnings estimate by 2-3 percent. JM Financial maintained its ‘Reduce’ call on the stock, while lowering its target price to Rs 2,735 apiece. This implies an upside potential of more than 4 percent from the stock’s previous closing price.
<h3><strong>CLSA on Asian Paints:</strong></h3>
CLSA kept an ‘Underperform’ call on the shares of Asian Paints, with a target price of Rs 1,875 apiece. This implies a downside potential of more than 28.5 percent over the stock’s previous closing price.

The international brokerage said that the firm’s consolidated revenue growth was 2 percent below forecast, while standalone volume growth of 7.9 percent was in-line with an earlier festive season.

It cut FY26-28 earnings estimate by 0-7 percent to account for persistence in gap between revenue and volume growth.
<h3><strong>HSBC on Asian Paints:</strong></h3>
HSBC downgraded the shares of Asian Paints to ‘Hold’, and cut its target price to Rs 2,900 per share. This implies an upside potential of nearly 11 percent over the previous closing price.

The international brokerage said that the firm saw disappointing volume and revenue growth in Q3 FY26. Relatively weaker retail demand trends could persist longer, it added.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-firm-start-us-asian-markets-mixed-2-liveblog-13793449.html">LIVE updates</a> from the stock markets here.

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Asian Paints shares tumble 7% after 'lacklustre' Q3 results; brokerages expect delay in demand recovery

The shares of Asian Paints tumbled nearly 7 percent on January 28 as brokerages analysed the company's results for the October-December quarter of the ongoing financial year 2026.

The shares of the paint-maker dropped to Rs 2,451 apiece in the early trading hours of Wednesday. This is the lowest level seen by the stock since October last year.
Asian Paints Q3 Results:
Asian Paints on January 28 reported a consolidated net profit of Rs 1,060 crore for Q3 FY26, marking a 4.6 percent year-on-year (YoY) fall from Rs 1,110.48 crore net profit reported in Q3 FY25. This however includes exceptional items of Rs 157.61 crore due to labour code and Impairment loss following acquisition of Obgenix Software Private Limited ('White Teak').

The firm's revenue from operations meanwhile rose around 4 percent YoY to Rs 8,867.02 crore. Consolidated net sales increased 3.9 percent YoY to Rs 8,849.7 crore during the quarter under review.
Motilal Oswal on Asian Paints:
Motilal Oswal said that Asian Paints delivered a &quot;lacklustre performance&quot; as growth delivery remained soft despite a favorable base and multiple initiatives. &quot;A shorter festive period and an extended monsoon did weigh on 3Q performance and further delay demand recovery,&quot; the brokerage said.

&quot;The management commentary on demand recovery was uninspiring, especially after the constructive commentary post-2QFY26. APNT expects volumes to be in the 8-10% range and value growth of ~5% in the near term. That said, management maintained its EBITDA margin guidance of 18-20%, aided by formulation and sourcing efficiencies. We model 10% revenue CAGR over FY26-28E along with ~19% EBITDA margin for FY27/FY28E,&quot; Motilal added.

Given slower demand recovery and competitive pressure, Motilal expects the near-term growth outlook to remain muted. &quot;However, as the paint category enjoys pentup demand, we will be watchful if the recovery pace picks up faster in the coming seasonal quarters. The company is focusing on product innovation, brand salience, regionalization, and execution excellence to negate competitive pressure,&quot; it added.

Motilal cut its EPS estimates by 1-3 percent over FY26-28E. It reiterated its ‘Neutral’ rating on the stock, with a target price of Rs 2,950 apiece, which implies an upside potential of nearly 12.5 percent over the stock's previous closing price.
JM Financial on Asian Paints:
JM Financial said that the company's Q3 results were marginally below expectation. &quot;Decorative volume/value growth of 7.9%/2.8% YoY was below ours and consensus estimate, despite weak base, owing to shorter festive (impacted October sales, November/December had better growth) and extended monsoons. Management remains cautious on demand trends – a) sees mid-single-digit sales growth as reasonable in near term led by volume growth of c.8-10% and negative price/mix impact of c.4-5% (similar to trends seen in 2Q/3Q), b) prolonged softness in industry growth seen due to some reduction in frequency of painting/occasion-led painting and consumer shift to other discretionary spends. Moreover, based on current trends the negative mix impact (c.4-5%) is likely to sustain for next few quarters (will percolate into FY27E),&quot; the brokerage said.

It cut FY27/28E earnings estimate by 2-3 percent. JM Financial maintained its ‘Reduce’ call on the stock, while lowering its target price to Rs 2,735 apiece. This implies an upside potential of more than 4 percent from the stock’s previous closing price.
CLSA on Asian Paints:
CLSA kept an ‘Underperform’ call on the shares of Asian Paints, with a target price of Rs 1,875 apiece. This implies a downside potential of more than 28.5 percent over the stock’s previous closing price.

The international brokerage said that the firm’s consolidated revenue growth was 2 percent below forecast, while standalone volume growth of 7.9 percent was in-line with an earlier festive season.

It cut FY26-28 earnings estimate by 0-7 percent to account for persistence in gap between revenue and volume growth.
HSBC on Asian Paints:
HSBC downgraded the shares of Asian Paints to ‘Hold’, and cut its target price to Rs 2,900 per share. This implies an upside potential of nearly 11 percent over the previous closing price.

The international brokerage said that the firm saw disappointing volume and revenue growth in Q3 FY26. Relatively weaker retail demand trends could persist longer, it added.

Follow all LIVE updates from the stock markets here.

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.

Shadowfax Technologies shares listed at a discount to IPO price on NSE and BSE, IPO saw 1.68 times subscription; raised Rs 1,907.2 crore via fresh issue and OFS, Analysts: Stock ideal for long-term, high-risk investors due to high valuation

* Shadowfax Technologies shares listed at a discount to IPO price on NSE and BSE
* IPO saw 1.68 times subscription; raised Rs 1,907.2 crore via fresh issue and OFS
* Analysts: Stock ideal for long-term, high-risk investors due to high valuation

Shadowfax Technologies shares debuted weakly, listing at a 9% discount to IPO price on NSE and BSE, missing grey market expectations. Despite strong industry prospects, analysts advise long-term holding due to rich valuation and client concentration risks.

shorts/business/shadowfax-shares-make-weak-market-debut-list-at-9-discount-to-ipo-price

* Shadowfax Technologies shares listed at a discount to IPO price on NSE and BSE
* IPO saw 1.68 times subscription; raised Rs 1,907.2 crore via fresh issue and OFS
* Analysts: Stock ideal for long-term, high-risk investors due to high valuation

The shares of <a href="https://www.moneycontrol.com/ipo/shadowfax-technologies-ltd-stl14-ipodetail">Shadowfax Technologies</a> made a weak debut on stock markets on January 28, listing at Rs 112.60 apiece on NSE. This marks a discount of 9.19 percent over the IPO price of Rs 124 apiece.

The company debuted with a market capitalization of Rs 6,509.78 crore.

On BSE, the shares listed with a slightly lower discount of 8.87 percent over the IPO price at Rs 113 apiece.
<h3><strong>Listing performance vs grey market estimates:</strong></h3>
The listing has missed grey market expectations. Ahead of listing, the unlisted shares of Shadowfax Technologies were trading with a grey market discount o 2.82 percent over the IPO price at Rs 120.5 apiece. The grey market estimates quoted by the site has significantly fallen from the 12.90 percent quoted on January 15.

According to IPO Watch, the unlisted shares of the company were trading flat at the IPO price at Rs 124 apiece in the grey market.
<h3><strong>Shadowfax Tech IPO:</strong></h3>
The weak market debut comes despite the IPO of Shadowfax Technologies closing with <a href="https://www.moneycontrol.com/news/business/ipo/shadowfax-tech-ipo-subscribed-66-on-final-day-of-bidding-so-far-check-gmp-13785314.html">1.68 times subscription</a> during its three days of public bidding between January 20 and January 22. Retail individual investors (RII) and qualified institutional buyers (QIB) had booked their respective reserved portion more than 2 times, while non-institutional investors (NII) subscribed 54 percent of their allotted quota.

Bengaluru-based technology-led logistics solutions provider Shadowfax Tech moved to the primary capital market to raise Rs 1,907.2 crore through its initial public offering (IPO), which comprised a fresh issue of shares worth Rs 1,000 crore and an offer for sale (OFS) of shares worth Rs 907.2 crore by several investors including Flipkart, Eight Roads Investments, Qualcomm, and NewQuest Asia Fund.

The price band for the IPO was set at Rs 118-124 per share. Investors could bid for a minimum of 120 shares, requiring an investment of Rs 14,160, and in multiples thereafter.
<h3><strong>How will the IPO proceeds be used?</strong></h3>
The company proposes to utilise proceeds from the fresh issue towards funding enhancing capacity in terms of network infrastructure, funding of lease payments for new first mile, last mile, and sort centres, as well as towards branding, marketing, and communication initiatives, unidentified inorganic acquisitions, and general corporate purposes.
<h3><strong>Shadowfax IPO anchor book:</strong></h3>
A day before the IPO opened for public bidding, Shadowfax announced that it has raised Rs 856.02 crore from 39 anchor investors on January 19.

"Out of the total allocation, 3.67 crore equity shares worth Rs 455.73 crore were allocated to nine domestic mutual funds including ICICI Prudential AMC, Nippon Life India, Motilal Oswal AMC, Bandhan Mutual Fund, HSBC MF, Helios MF, JM Financial MF, and Trust Mutual Fund," Shadowfax Technologies in its filing to exchanges said.

ICICI Prudential AMC was the largest investor in the anchor book, acquiring 1.53 crore equity shares for Rs 190 crore through its four schemes - ICICI Prudential Flexicap Fund, ICICI Prudential Balanced Advantage Fund, ICICI Prudential Transportation and Logistics Fund, and ICICI Prudential Exports and Services Fund.
<h3><strong>Should you buy, sell or hold?</strong></h3>
Shadowfax is a technology-driven, asset-light logistics company focused on last-mile delivery, express parcels, reverse logistics and quick commerce services, said Mahesh M. Ojha, VP Research and Business Development at Kantilal Chhaganlal Securities. The company operates across more than 2,300 cities and 14,700 PIN codes and serves clients such as Flipkart, Meesho, Swiggy, Blinkit and Nykaa.

The analyst highlighted that the IPO valuation appears relatively rich, when compared to peers like Delhivery. The business also faces intense competition and customer concentration risks, with a significant portion of revenue coming from a small number of large clients.

According to him, the stock may be suitable for high-risk investors given the overall positive industry outlook. Investors with a long-term perspective who have already applied may consider holding the stock, while short-term investors could look to book gains on listing, if any. Fresh investors may wait for price discovery after listing.

Gaurav Garg, Research Analyst at Lemonn Markets Desk, noted that Shadowfax offers a compelling play on India’s rapidly growing e-commerce and quick-commerce ecosystem. "With pan-India reach across over 14,700 pincodes and a client roster that includes Flipkart, Meesho, Swiggy, Zomato, and Blinkit, the company has demonstrated strong revenue growth (~32% CAGR FY23–25) and operational scalability through its large gig-based delivery network. Its asset-light model and EBITDA-positive performance since FY24 highlight its improving profitability trajectory," the analyst said.

He however cautioned that investors should be mindful of the risks and structural constraints. "Margins remain thin, ROE and ROCE are modest, and revenue is concentrated with its top client contributing around 50%. At the upper price band, the IPO implies an EV/EBITDA of ~106x, which is rich compared with peers, suggesting that current valuations already reflect significant growth expectations," he said.

Overall, Shadowfax offers long-term exposure to India’s logistics and hyperlocal delivery sector, but the IPO is better suited for investors with a long-term horizon, who are comfortable tracking execution, client diversification, and margin expansion over time, the analyst said. He added that for short-term listing gains, the risk-reward appears balanced but neutral.

Follow all <a href="https://www.moneycontrol.com/ipo/">IPO news</a> here.

<em>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.</em>

Shadowfax shares make weak market debut, list at 9% discount to IPO price

The shares of Shadowfax Technologies made a weak debut on stock markets on January 28, listing at Rs 112.60 apiece on NSE. This marks a discount of 9.19 percent over the IPO price of Rs 124 apiece.

The company debuted with a market capitalization of Rs 6,509.78 crore.

On BSE, the shares listed with a slightly lower discount of 8.87 percent over the IPO price at Rs 113 apiece.
Listing performance vs grey market estimates:
The listing has missed grey market expectations. Ahead of listing, the unlisted shares of Shadowfax Technologies were trading with a grey market discount o 2.82 percent over the IPO price at Rs 120.5 apiece. The grey market estimates quoted by the site has significantly fallen from the 12.90 percent quoted on January 15.

According to IPO Watch, the unlisted shares of the company were trading flat at the IPO price at Rs 124 apiece in the grey market.
Shadowfax Tech IPO:
The weak market debut comes despite the IPO of Shadowfax Technologies closing with 1.68 times subscription during its three days of public bidding between January 20 and January 22. Retail individual investors (RII) and qualified institutional buyers (QIB) had booked their respective reserved portion more than 2 times, while non-institutional investors (NII) subscribed 54 percent of their allotted quota.

Bengaluru-based technology-led logistics solutions provider Shadowfax Tech moved to the primary capital market to raise Rs 1,907.2 crore through its initial public offering (IPO), which comprised a fresh issue of shares worth Rs 1,000 crore and an offer for sale (OFS) of shares worth Rs 907.2 crore by several investors including Flipkart, Eight Roads Investments, Qualcomm, and NewQuest Asia Fund.

The price band for the IPO was set at Rs 118-124 per share. Investors could bid for a minimum of 120 shares, requiring an investment of Rs 14,160, and in multiples thereafter.
How will the IPO proceeds be used?
The company proposes to utilise proceeds from the fresh issue towards funding enhancing capacity in terms of network infrastructure, funding of lease payments for new first mile, last mile, and sort centres, as well as towards branding, marketing, and communication initiatives, unidentified inorganic acquisitions, and general corporate purposes.
Shadowfax IPO anchor book:
A day before the IPO opened for public bidding, Shadowfax announced that it has raised Rs 856.02 crore from 39 anchor investors on January 19.

&quot;Out of the total allocation, 3.67 crore equity shares worth Rs 455.73 crore were allocated to nine domestic mutual funds including ICICI Prudential AMC, Nippon Life India, Motilal Oswal AMC, Bandhan Mutual Fund, HSBC MF, Helios MF, JM Financial MF, and Trust Mutual Fund,&quot; Shadowfax Technologies in its filing to exchanges said.

ICICI Prudential AMC was the largest investor in the anchor book, acquiring 1.53 crore equity shares for Rs 190 crore through its four schemes - ICICI Prudential Flexicap Fund, ICICI Prudential Balanced Advantage Fund, ICICI Prudential Transportation and Logistics Fund, and ICICI Prudential Exports and Services Fund.
Should you buy, sell or hold?
Shadowfax is a technology-driven, asset-light logistics company focused on last-mile delivery, express parcels, reverse logistics and quick commerce services, said Mahesh M. Ojha, VP Research and Business Development at Kantilal Chhaganlal Securities. The company operates across more than 2,300 cities and 14,700 PIN codes and serves clients such as Flipkart, Meesho, Swiggy, Blinkit and Nykaa.

The analyst highlighted that the IPO valuation appears relatively rich, when compared to peers like Delhivery. The business also faces intense competition and customer concentration risks, with a significant portion of revenue coming from a small number of large clients.

According to him, the stock may be suitable for high-risk investors given the overall positive industry outlook. Investors with a long-term perspective who have already applied may consider holding the stock, while short-term investors could look to book gains on listing, if any. Fresh investors may wait for price discovery after listing.

Gaurav Garg, Research Analyst at Lemonn Markets Desk, noted that Shadowfax offers a compelling play on India’s rapidly growing e-commerce and quick-commerce ecosystem. &quot;With pan-India reach across over 14,700 pincodes and a client roster that includes Flipkart, Meesho, Swiggy, Zomato, and Blinkit, the company has demonstrated strong revenue growth (~32% CAGR FY23–25) and operational scalability through its large gig-based delivery network. Its asset-light model and EBITDA-positive performance since FY24 highlight its improving profitability trajectory,&quot; the analyst said.

He however cautioned that investors should be mindful of the risks and structural constraints. &quot;Margins remain thin, ROE and ROCE are modest, and revenue is concentrated with its top client contributing around 50%. At the upper price band, the IPO implies an EV/EBITDA of ~106x, which is rich compared with peers, suggesting that current valuations already reflect significant growth expectations,&quot; he said.

Overall, Shadowfax offers long-term exposure to India’s logistics and hyperlocal delivery sector, but the IPO is better suited for investors with a long-term horizon, who are comfortable tracking execution, client diversification, and margin expansion over time, the analyst said. He added that for short-term listing gains, the risk-reward appears balanced but neutral.

Follow all IPO news here.

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.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/caplinpointlaboratories/CPL">Caplin Point Laboratories</a> shares gained 2 percent in the opening trade on January 28 after the company received final approval from the United States Food and Drug Administration (USFDA) for its injectable suspension used in anti-inflammatory treatment.

At 09:20am, Caplin Point Laboratories was quoting at Rs 1,765.95, up Rs 37.20, or 2.15 percent, on the BSE.

The company's subsidiary Caplin Steriles has been granted final approval from the USFDA for its abbreviated new drug application (ANDA) methylprednisolone acetate injectable suspension USP, 40mg/mL &amp; 80mg/mL single dose vials, a generic therapeutic equivalent version of the reference listed drug (RLD) DEPO-MEDROL from Pfizer Inc., USA.

The said suspension is primarily used as an anti-inflammatory treatment in various conditions, including in allergic states, dermatologic diseases, endocrine disorders, gastrointestinal diseases, hematologic diseases, ophthalmic diseases, respiratory diseases, rheumatic disorders etc.

<strong><a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-firm-start-us-asian-markets-mixed-2-liveblog-13793449.html">Catch all the market action on our live blog</a></strong>

A meeting of the board of directors of the company will be held on Thursday, February 05, 2026, to consider and approve, the unaudited financial results of the
company for the quarter and nine months ended December 31, 2025 (both standalone &amp; consolidated).

In the previous trading session, Caplin Point Laboratories shares closed at Rs 1,721.50, down Rs 13.25, or 0.76 percent. The stock has touched a 52-week high of Rs 2,396.95 on September 17, 2025, and a 52-week low of Rs 1,551.05 on April 7, 2025. Currently, the stock is trading 27.85 percent below its 52-week high and 11.51 percent above its 52-week low. The company’s market capitalisation stands at Rs 13,085.41 crore.

On a one-year basis, the share price has declined by more than 22 percent.

Caplin Point shares up 2% after USFDA approval for Methylprednisolone Acetate injection

Caplin Point Laboratories shares gained 2 percent in the opening trade on January 28 after the company received final approval from the United States Food and Drug Administration (USFDA) for its injectable suspension used in anti-inflammatory treatment.

At 09:20am, Caplin Point Laboratories was quoting at Rs 1,765.95, up Rs 37.20, or 2.15 percent, on the BSE.

The company's subsidiary Caplin Steriles has been granted final approval from the USFDA for its abbreviated new drug application (ANDA) methylprednisolone acetate injectable suspension USP, 40mg/mL &amp;amp; 80mg/mL single dose vials, a generic therapeutic equivalent version of the reference listed drug (RLD) DEPO-MEDROL from Pfizer Inc., USA.

The said suspension is primarily used as an anti-inflammatory treatment in various conditions, including in allergic states, dermatologic diseases, endocrine disorders, gastrointestinal diseases, hematologic diseases, ophthalmic diseases, respiratory diseases, rheumatic disorders etc.

Catch all the market action on our live blog

A meeting of the board of directors of the company will be held on Thursday, February 05, 2026, to consider and approve, the unaudited financial results of the
company for the quarter and nine months ended December 31, 2025 (both standalone &amp;amp; consolidated).

In the previous trading session, Caplin Point Laboratories shares closed at Rs 1,721.50, down Rs 13.25, or 0.76 percent. The stock has touched a 52-week high of Rs 2,396.95 on September 17, 2025, and a 52-week low of Rs 1,551.05 on April 7, 2025. Currently, the stock is trading 27.85 percent below its 52-week high and 11.51 percent above its 52-week low. The company’s market capitalisation stands at Rs 13,085.41 crore.

On a one-year basis, the share price has declined by more than 22 percent.

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/railvikasnigam/RVN">Rail Vikas Nigam</a> (RVNL) share price rose in the opening trade on January 28 after the company emerged as the preferred bidder for a South Central Railway contract.

At 09:19am, Rail Vikas Nigam was quoting at Rs 328.25, up Rs 4.35, or 1.34 percent, on the BSE.

Rail Vikas Nigam said it has emerged as the lowest bidder (L1) for a South Central Railway project involving the design, supply, erection, testing and commissioning for upgradation of the existing 1×25kV OHE system to a 2×25kV system, including feeder and earthing works.

The project covers the Ongole (OGL) (inclusive)–Gudur (GDR) (inclusive) section of the Vijayawada Division under South Central Railway, spanning a total length of 154 route kilometres (RKM) or 462 track kilometres (TKM), the company said in an exchange filing.

The cost of the work is Rs 242.49 crore, and the project is to be executed over a period of 24 months.

<strong><a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-firm-start-us-asian-markets-mixed-2-liveblog-13793449.html">Catch all the market action on our live blog</a></strong>

A meeting of the board of directors of the company is scheduled to be held on Thursday, February 5, 2026, to consider and approve the unaudited financial results (Standalone and Consolidated) of the company for the quarter and nine months ended 31st December, 2025.

Earlier in this month, the company emerged as the lowest bidder for a project of Rs 87.55 crore from South Eastern Railway for supply, installation and commissioning of IP based video surveillance system (VSS) in LHB coaches with 4 cameras as per RDSO Specification, Version 3.1 or latest including Rugged Hand Held Terminal (HHT)/ Tablet along with 8 TB external SSD.

In the previous trading session, the share closed at Rs 325.35, down Rs 3.85, or 1.17 percent. The share touched a 52-week high of Rs 501.55 and a 52-week low of Rs 295.25 on 01 February, 2025 and 07 April, 2025, respectively. Currently, the stock is trading 35.42 percent below its 52-week high and 9.7 percent above its 52-week low. Market capitalisation of the company stands at Rs 67,836.13 crore.

RVNL shares rise after winning Rs 242-crore order from South Central Railway

Rail Vikas Nigam (RVNL) share price rose in the opening trade on January 28 after the company emerged as the preferred bidder for a South Central Railway contract.

At 09:19am, Rail Vikas Nigam was quoting at Rs 328.25, up Rs 4.35, or 1.34 percent, on the BSE.

Rail Vikas Nigam said it has emerged as the lowest bidder (L1) for a South Central Railway project involving the design, supply, erection, testing and commissioning for upgradation of the existing 1×25kV OHE system to a 2×25kV system, including feeder and earthing works.

The project covers the Ongole (OGL) (inclusive)–Gudur (GDR) (inclusive) section of the Vijayawada Division under South Central Railway, spanning a total length of 154 route kilometres (RKM) or 462 track kilometres (TKM), the company said in an exchange filing.

The cost of the work is Rs 242.49 crore, and the project is to be executed over a period of 24 months.

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A meeting of the board of directors of the company is scheduled to be held on Thursday, February 5, 2026, to consider and approve the unaudited financial results (Standalone and Consolidated) of the company for the quarter and nine months ended 31st December, 2025.

Earlier in this month, the company emerged as the lowest bidder for a project of Rs 87.55 crore from South Eastern Railway for supply, installation and commissioning of IP based video surveillance system (VSS) in LHB coaches with 4 cameras as per RDSO Specification, Version 3.1 or latest including Rugged Hand Held Terminal (HHT)/ Tablet along with 8 TB external SSD.

In the previous trading session, the share closed at Rs 325.35, down Rs 3.85, or 1.17 percent. The share touched a 52-week high of Rs 501.55 and a 52-week low of Rs 295.25 on 01 February, 2025 and 07 April, 2025, respectively. Currently, the stock is trading 35.42 percent below its 52-week high and 9.7 percent above its 52-week low. Market capitalisation of the company stands at Rs 67,836.13 crore.

Ace investor Mukul Agrawal and his wife undertook a major portfolio rejig during the December 2025 quarter, with their names disappearing from the shareholding pattern of 11 companies, three new stocks added, and increased exposure in four existing holdings.

As of the December 2025 quarter, the couple held stakes in 64 stocks valued at around Rs 6,818 crore, compared with 72 stocks worth Rs 6,753 crore at the end of the September 2025 quarter.

During the quarter, Agrawal added three new stocks to his portfolio. These include KDDL, where he acquired a 3.44 percent stake valued at about Rs 105 crore, followed by HCC and Sundeep Pharma, in which he purchased 1.68 percent and 1.33 percent stakes worth around Rs 84 crore and Rs 91 crore, respectively.

The Agrawal family also increased holdings in four existing stocks — Autoriders International, NR Agarwal Industries, Nuvama Wealth Management and Vikran Engineering. In addition, the couple partially exited two stocks, including Infobeans Technologies and Pearl Global Industries.

Meanwhile, their names disappeared from the shareholding pattern of 10 companies during the quarter. However, it is not known whether they have fully exited these stocks or if their stake fell below the one percent disclosure threshold.

The stocks where their names were no longer visible include Dishman Carbogen Amcis, C2C Advanced Systems, Concord Control Systems, Osel Devices, Sahasra Electronic Solutions, Siyaram Recycling Industries, Solarium Green Energy, Stanley Lifestyles, Thejo Engineering and Unified Data-Tech Solutions.

<img class="alignnone size-full wp-image-13793015" src="https://images.moneycontrol.com/static-mcnews/2026/01/20260127125906_Mukul-Agrawal_r.jpg" alt="Mukul Agrawal_r" width="1944" height="4573" />

Mukul Agrawal’s Q3 rejig: 10 stocks exit, 3 new stocks added

Ace investor Mukul Agrawal and his wife undertook a major portfolio rejig during the December 2025 quarter, with their names disappearing from the shareholding pattern of 11 companies, three new stocks added, and increased exposure in four existing holdings.

As of the December 2025 quarter, the couple held stakes in 64 stocks valued at around Rs 6,818 crore, compared with 72 stocks worth Rs 6,753 crore at the end of the September 2025 quarter.

During the quarter, Agrawal added three new stocks to his portfolio. These include KDDL, where he acquired a 3.44 percent stake valued at about Rs 105 crore, followed by HCC and Sundeep Pharma, in which he purchased 1.68 percent and 1.33 percent stakes worth around Rs 84 crore and Rs 91 crore, respectively.

The Agrawal family also increased holdings in four existing stocks — Autoriders International, NR Agarwal Industries, Nuvama Wealth Management and Vikran Engineering. In addition, the couple partially exited two stocks, including Infobeans Technologies and Pearl Global Industries.

Meanwhile, their names disappeared from the shareholding pattern of 10 companies during the quarter. However, it is not known whether they have fully exited these stocks or if their stake fell below the one percent disclosure threshold.

The stocks where their names were no longer visible include Dishman Carbogen Amcis, C2C Advanced Systems, Concord Control Systems, Osel Devices, Sahasra Electronic Solutions, Siyaram Recycling Industries, Solarium Green Energy, Stanley Lifestyles, Thejo Engineering and Unified Data-Tech Solutions.

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Gainers/Losers

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Asian Paints shares tumble 7% after 'lacklustre' Q3 results; brokerages expect delay in demand recovery

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Mukul Agrawal’s Q3 rejig: 10 stocks exit, 3 new stocks added

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Check latest stock performance, list of stocks, earnings review & more details about the Auto Ancillaries - Tyres & Rubber Products industry stocks.