< -5%

-5% to -3%

-3% to 0%

Force Motors

TMCV

SML Mahindra

Ashok Leyland

0% to 3%

3% to 5%

Midcap and smallcap indices rose up to 1 percent, snapping recent losing streaks, Steel Authority of India rose 5% after safeguard duty on certain steel imports., Sensex and Nifty rebounded, gaining 0.45 percent and 0.54 percent respectively

* Midcap and smallcap indices rose up to 1 percent, snapping recent losing streaks
* Steel Authority of India rose 5% after safeguard duty on certain steel imports.
* Sensex and Nifty rebounded, gaining 0.45 percent and 0.54 percent respectively

Mid- and small-cap indices outperformed benchmarks, rising up to 1% as broad-based buying ended recent losing streaks. Gains were led by steel and energy stocks after a new safeguard duty on steel imports boosted expectations for domestic producers.

shorts/business/mid-smallcap-indies-outperform-benchmarks-rise-up-to-1pc-hindustan-petroleum-ircon-pcbl-rise-up-to-7pc

* Midcap and smallcap indices rose up to 1 percent, snapping recent losing streaks
* Steel Authority of India rose 5% after safeguard duty on certain steel imports.
* Sensex and Nifty rebounded, gaining 0.45 percent and 0.54 percent respectively

The mid-, small-cap segment outperformed the benchmark indices on Wednesday, rising up to 1 percent amid broad-based buying in the final session of the calendar year 2025.

The Nifty Midcap 100 index snapped its four-session losing streak to gain up to 1 percent. The index had declined about 1.5 percent in the previous four sessions.

<a href="https://www.moneycontrol.com/india/stockpricequote/steel-large/steelauthorityindia/SAI" target="_blank">Steel Authority of India</a> led the gains in the midcap space, rising over 5 percent after the government announced a three-year safeguard duty of up to 12 percent on select steel imports, <a href="https://www.moneycontrol.com/news/business/stocks/steel-stocks-rally-tata-steel-jsw-steel-jindal-steel-gain-2-3-after-safeguard-duty-lifts-sentiment-13750114.html" target="_blank">raising expectations of better pricing support for domestic producers</a>.

Hindustan Petroleum Corporation and Oil India followed, rising 4.58 percent and 3.93 percent, respectively, around noon.

Godfrey Phillips India, Coromandel International, Indian Bank and Indian Renewable Energy Development Agency were among other gainers in the midcap segment, advancing up to 3 percent.

Ajit Mishra – SVP, Research at Religare Broking, said "This is the continuation of the rebound which we have been seeing in recent weeks, however, sustainability would be key, citing the similar rebounds have fizzled out in the past, especially in the small-cap space."

The Nifty Smallcap 100 index also snapped a three-day losing streak to recover all its losses and rise up to 1 percent, after declining over 1 percent in the previous three sessions.

<a href="https://www.moneycontrol.com/india/stockpricequote/carbon-black/pcblchemical/PCB01" target="_blank">PCBL Chemical</a> led the smallcap gains, rising about 7 percent.

Other smallcap gainers included IFCI, Deepak Fertilisers and Petrochemicals Corporation, Mangalore Refinery and Petrochemicals, and NCC, which rose up to 6 percent.

The broader market outperformed the benchmarks as the Sensex and Nifty rebounded on Wednesday, snapping their recent losing streaks, with buying interest seen in metal stocks following the government’s decision to impose a three-year safeguard duty on select steel imports.

The Sensex climbed 384.45 points, or 0.45 percent to 85,059.53, while the Nifty rose 139.20 points, or 0.54 percent to 26,078.05 around noon, after five days of decline.

<em><strong>Disclaimer:</strong> 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>

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.

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Mid-, small-cap indices outperform benchmarks, rise up to 1%; HPCL, Ircon, PCBL rise up to 7%

The mid-, small-cap segment outperformed the benchmark indices on Wednesday, rising up to 1 percent amid broad-based buying in the final session of the calendar year 2025.

The Nifty Midcap 100 index snapped its four-session losing streak to gain up to 1 percent. The index had declined about 1.5 percent in the previous four sessions.

Steel Authority of India led the gains in the midcap space, rising over 5 percent after the government announced a three-year safeguard duty of up to 12 percent on select steel imports, raising expectations of better pricing support for domestic producers.

Hindustan Petroleum Corporation and Oil India followed, rising 4.58 percent and 3.93 percent, respectively, around noon.

Godfrey Phillips India, Coromandel International, Indian Bank and Indian Renewable Energy Development Agency were among other gainers in the midcap segment, advancing up to 3 percent.

Ajit Mishra – SVP, Research at Religare Broking, said &quot;This is the continuation of the rebound which we have been seeing in recent weeks, however, sustainability would be key, citing the similar rebounds have fizzled out in the past, especially in the small-cap space.&quot;

The Nifty Smallcap 100 index also snapped a three-day losing streak to recover all its losses and rise up to 1 percent, after declining over 1 percent in the previous three sessions.

PCBL Chemical led the smallcap gains, rising about 7 percent.

Other smallcap gainers included IFCI, Deepak Fertilisers and Petrochemicals Corporation, Mangalore Refinery and Petrochemicals, and NCC, which rose up to 6 percent.

The broader market outperformed the benchmarks as the Sensex and Nifty rebounded on Wednesday, snapping their recent losing streaks, with buying interest seen in metal stocks following the government’s decision to impose a three-year safeguard duty on select steel imports.

The Sensex climbed 384.45 points, or 0.45 percent to 85,059.53, while the Nifty rose 139.20 points, or 0.54 percent to 26,078.05 around noon, after five days of decline.

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.

Vodafone Idea shares reach 52-week high on hopes of government AGR relief, Cabinet may consider partial waiver of Vi's AGR dues, interest, and penalties, Vi's stock has doubled since August, gaining 25% in the past month

* Vodafone Idea shares reach 52-week high on hopes of government AGR relief
* Cabinet may consider partial waiver of Vi's AGR dues, interest, and penalties
* Vi's stock has doubled since August, gaining 25% in the past month

Vodafone Idea shares hit a 52-week high amid expectations of government AGR relief, possibly including waivers on interest and penalties. The debt-laden telco, with Rs 83,400 crore in dues, may get major relief as the Cabinet considers a support package.

shorts/business/vodafone-idea-shares-hit-52-week-high-on-likely-govt-relief-on-agr-dues-today

* Vodafone Idea shares reach 52-week high on hopes of government AGR relief
* Cabinet may consider partial waiver of Vi's AGR dues, interest, and penalties
* Vi's stock has doubled since August, gaining 25% in the past month

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/telecommunication-service-provider/vodafoneidea/IC8">Vodafone Idea</a> (Vi) jumped nearly 4 percent to hit a record high on December 31 amid rising expectations of the government announcing an AGR relief for the telecom major today.

The shares of the company hit a fresh 52-week high of Rs 12.50 apiece on December 31.
<h3><strong>Vodafone Idea AGR relief today?</strong></h3>
The Union Cabinet is expected to meet at 3 pm today to consider Vodafone Idea's AGR relief matter, several media reports claimed. The government is likely to consider a partial waiver of interest, penalties and interest on penalties that make the majority of the telco's adjusted gross revenue (AGR) dues, CLSA had earlier said.

"The government is working on reassessment of Vodafone Idea's AGR dues and reportedly a relief package will likely be announced by year-end. Vi’s aggregate AGR dues stood at an estimated ~780bn/US$8.7bn in Q2FY26. We believe the government will likely consider waiver of interest (at least in part) and penalties and interest on penalties that make up a bulk of the AGR dues," the brokerage has said. The relief on the long pending AGR dues could provide Vi will relief of $8 billion, it added.

Vodafone Idea has been <a href="https://www.moneycontrol.com/news/business/markets/vodafone-idea-shares-jump-4-as-arm-raises-rs-3-300-crore-via-ncds-13733907.html">struggling with dues</a>, owing about Rs 83,400 crore in adjusted gross revenue (AGR) dues, with annual payments of nearly Rs 18,000 crore scheduled from March 2025

The debt-laden operator has repeatedly warned it cannot survive without funding support, as banks remain wary of lending given its financial stress. Vi employs over 18,000 people and has nearly 198 million subscribers.

Few weeks ago, the Supreme Court allowed the government to comprehensively reassess and reconcile all dues of the debt-ridden telecom company, including interest and penalties, up to FY17. This was seen as a major relief for the financially stressed operator.

In September, Vodafone Idea had sought a waiver of penalty and interest on an AGR demand worth Rs 9,450 crore raised by the Department of Telecommunications (DoT), arguing that much of it pertained to the pre-FY17 period already settled by the apex court in 2020. Out of this amount, Rs 2,774 crore relates to post-merger liabilities of Vodafone Idea, while Rs 5,675 crore pertains to pre-merger dues of the Vodafone Group.

The government became the largest shareholder in Vodafone Idea in March this year after converting dues worth Rs 36,950 crore into equity, taking its stake to nearly 49 percent. Earlier, in 2023, the Centre had picked up a 33 percent stake in lieu of statutory dues exceeding Rs 16,000 crore.
<h3><strong>Vodafone Idea share price history:</strong></h3>
After hitting a 52-week low of Rs 6.12 per share in August this year, the stock rapidly more than doubled in four months hit the fresh 52-week high of Rs 12.36 apiece today. The stock has gained around 25 percent in the past one month, and over 66 percent in the past six months.

The company currently has a market capitalization of nearly Rs 1.34 lakh crore.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-flat-opening-us-markets-fall-liveblog-13749935.html">LIVE updates</a> from the stock markets 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>

Vodafone Idea shares jump 4% to fresh 52-week high on likely govt relief on AGR dues today

The shares of Vodafone Idea (Vi) jumped nearly 4 percent to hit a record high on December 31 amid rising expectations of the government announcing an AGR relief for the telecom major today.

The shares of the company hit a fresh 52-week high of Rs 12.50 apiece on December 31.
Vodafone Idea AGR relief today?
The Union Cabinet is expected to meet at 3 pm today to consider Vodafone Idea's AGR relief matter, several media reports claimed. The government is likely to consider a partial waiver of interest, penalties and interest on penalties that make the majority of the telco's adjusted gross revenue (AGR) dues, CLSA had earlier said.

&quot;The government is working on reassessment of Vodafone Idea's AGR dues and reportedly a relief package will likely be announced by year-end. Vi’s aggregate AGR dues stood at an estimated ~780bn/US$8.7bn in Q2FY26. We believe the government will likely consider waiver of interest (at least in part) and penalties and interest on penalties that make up a bulk of the AGR dues,&quot; the brokerage has said. The relief on the long pending AGR dues could provide Vi will relief of $8 billion, it added.

Vodafone Idea has been struggling with dues, owing about Rs 83,400 crore in adjusted gross revenue (AGR) dues, with annual payments of nearly Rs 18,000 crore scheduled from March 2025

The debt-laden operator has repeatedly warned it cannot survive without funding support, as banks remain wary of lending given its financial stress. Vi employs over 18,000 people and has nearly 198 million subscribers.

Few weeks ago, the Supreme Court allowed the government to comprehensively reassess and reconcile all dues of the debt-ridden telecom company, including interest and penalties, up to FY17. This was seen as a major relief for the financially stressed operator.

In September, Vodafone Idea had sought a waiver of penalty and interest on an AGR demand worth Rs 9,450 crore raised by the Department of Telecommunications (DoT), arguing that much of it pertained to the pre-FY17 period already settled by the apex court in 2020. Out of this amount, Rs 2,774 crore relates to post-merger liabilities of Vodafone Idea, while Rs 5,675 crore pertains to pre-merger dues of the Vodafone Group.

The government became the largest shareholder in Vodafone Idea in March this year after converting dues worth Rs 36,950 crore into equity, taking its stake to nearly 49 percent. Earlier, in 2023, the Centre had picked up a 33 percent stake in lieu of statutory dues exceeding Rs 16,000 crore.
Vodafone Idea share price history:
After hitting a 52-week low of Rs 6.12 per share in August this year, the stock rapidly more than doubled in four months hit the fresh 52-week high of Rs 12.36 apiece today. The stock has gained around 25 percent in the past one month, and over 66 percent in the past six months.

The company currently has a market capitalization of nearly Rs 1.34 lakh crore.

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.

MCX shares rose 3% after Morgan Stanley upgraded its rating and target price., Morgan Stanley raised MCX's target price by 66% to Rs 11,135 per share, MCX shares have surged over 77% in 2025 so far

* MCX shares rose 3% after Morgan Stanley upgraded its rating and target price.
* Morgan Stanley raised MCX's target price by 66% to Rs 11,135 per share
* MCX shares have surged over 77% in 2025 so far

MCX shares rose 3% after Morgan Stanley upgraded its rating and raised the target price by 66% to Rs 11,135, citing higher transaction revenues. This gain came despite a sharp fall in gold and silver futures. MCX shares are up 77% in 2025 so far.

shorts/business/mcx-rises-3-as-morgan-stanley-upgrades-stock-hikes-target-price-by-66-here-s-why

* MCX shares rose 3% after Morgan Stanley upgraded its rating and target price.
* Morgan Stanley raised MCX's target price by 66% to Rs 11,135 per share
* MCX shares have surged over 77% in 2025 so far

The shares of Multi Commodity Exchange of India (<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/multicommodityexchangeindia/MCE">MCX</a>) jumped around 3 percent on December 31 after Morgan Stanley upgraded its rating on the stock, and hiked its target price by as much as 66 percent.

The shares of the company rose to Rs 11,198 apiece in the morning trading hours of Wednesday, snapping a two-day losing streak. This comes despite gold and silver futures tumbling today.
<h3><strong>Morgan Stanley on MCX:</strong></h3>
Morgan Stanley issued a bullish note for the shares of MCX, upgrading its rating for the stock to 'Equal-weight' and raised its target price to Rs 11,135 per share from Rs 6,710 per share. The latest target price implies an upside potential of more than 2 percent from the stock’s previous closing price of Rs 10,889 per share.

The international brokerage said that the average daily transaction revenue has surged in the past three months due to the sharp surge in commodities. It raised estimates materially and sees potential further upside opportunities if transaction volumes are sustained.

Morgan Stanley also raised EPS forecasts by 15 percent for FY26, 20 percent for FY27, and 24 percent for FY28. At the current prices, the stock trades at around 50 times FY27 estimated EPS and 47.5 times FY28 estimated earnings.
<h3><strong>Gold, silver futures tumble:</strong></h3>
MCX shares are rising today despite the sharp fall in silver and gold futures. Silver futures with March expiry on the Multi Commodity Exchange of India (MCX) dropped more than 7 percent to Rs 2,32,228 per kilogram. The future contracts with May expiry meanwhile fell around 8 percent to Rs 2,35,512 per kilogram.

Gold futures with February expiry meanwhile fell more than 1 percent to Rs 1,35,155 per 10 grams.

The sharp fall may have been driven by profit-booking after the sharp rally. Additionally, hopes for the US-brokered peace deal between Russia and Ukraine reaching a conclusion, which in turn will significantly ease global geopolitical tensions, also may have affected the safe-haven assets.
<h3><strong>MCX share price history:</strong></h3>
MCX shares have gained more than 9 percent in the past one month, and around 25 percent in the past six months. The stock has surged over 77 percent in 2025 so far.

The company currently has a market capitalisation of more than Rs 56,800 crore.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-flat-opening-us-markets-fall-liveblog-13749935.html">LIVE updates</a> from the stock markets 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>

MCX rises 3% as Morgan Stanley upgrades stock, hikes target price by 66%: Here's why

The shares of Multi Commodity Exchange of India (MCX) jumped around 3 percent on December 31 after Morgan Stanley upgraded its rating on the stock, and hiked its target price by as much as 66 percent.

The shares of the company rose to Rs 11,198 apiece in the morning trading hours of Wednesday, snapping a two-day losing streak. This comes despite gold and silver futures tumbling today.
Morgan Stanley on MCX:
Morgan Stanley issued a bullish note for the shares of MCX, upgrading its rating for the stock to 'Equal-weight' and raised its target price to Rs 11,135 per share from Rs 6,710 per share. The latest target price implies an upside potential of more than 2 percent from the stock’s previous closing price of Rs 10,889 per share.

The international brokerage said that the average daily transaction revenue has surged in the past three months due to the sharp surge in commodities. It raised estimates materially and sees potential further upside opportunities if transaction volumes are sustained.

Morgan Stanley also raised EPS forecasts by 15 percent for FY26, 20 percent for FY27, and 24 percent for FY28. At the current prices, the stock trades at around 50 times FY27 estimated EPS and 47.5 times FY28 estimated earnings.
Gold, silver futures tumble:
MCX shares are rising today despite the sharp fall in silver and gold futures. Silver futures with March expiry on the Multi Commodity Exchange of India (MCX) dropped more than 7 percent to Rs 2,32,228 per kilogram. The future contracts with May expiry meanwhile fell around 8 percent to Rs 2,35,512 per kilogram.

Gold futures with February expiry meanwhile fell more than 1 percent to Rs 1,35,155 per 10 grams.

The sharp fall may have been driven by profit-booking after the sharp rally. Additionally, hopes for the US-brokered peace deal between Russia and Ukraine reaching a conclusion, which in turn will significantly ease global geopolitical tensions, also may have affected the safe-haven assets.
MCX share price history:
MCX shares have gained more than 9 percent in the past one month, and around 25 percent in the past six months. The stock has surged over 77 percent in 2025 so far.

The company currently has a market capitalisation of more than Rs 56,800 crore.

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.

Privi Speciality Chemicals shares dropped almost 14% after a major transaction., 38.8 lakh shares, 9.93% stake, changed hands at Rs 2,799 per share, The transaction price was 12% below the previous closing price

* Privi Speciality Chemicals shares dropped almost 14% after a major transaction.
* 38.8 lakh shares, 9.93% stake, changed hands at Rs 2,799 per share
* The transaction price was 12% below the previous closing price

Privi Speciality Chemicals shares fell nearly 14% after a large transaction of 38.8 lakh shares (9.93% stake) at Rs 2,799 each, a 12% discount to the previous close. The stock is up 57% in 2025 but dropped 11% in the past month.

shorts/business/privi-speciality-chemicals-shares-fall-14-after-rs-1-086-crore-shares-change-hands

* Privi Speciality Chemicals shares dropped almost 14% after a major transaction.
* 38.8 lakh shares, 9.93% stake, changed hands at Rs 2,799 per share
* The transaction price was 12% below the previous closing price

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/chemicals/privispecialitychemicals/HKF">Privi Speciality Chemicals</a> fell nearly 14 percent on December 31 after the stock saw a large transaction taking place on exchanges.

The shares of the manufacturer, supplier and exporter of aroma and fragrance chemicals dropped to Rs 2,751 apiece in the morning trading hours of Wednesday.
<h3><strong>Privi Speciality Chemicals large transaction:</strong></h3>
As many as 38.8 lakh shares of Privi Speciality Chemicals, representing 9.93 percent stake in the company, changed hands in a large transaction, CNBC-TV18 quoted official data as saying. It added that the shares were traded at an average price of Rs 2,799 per share, taking the total value of the transaction to Rs 1,086 crore.

The reported price at which the transaction was carried out represents a 12 percent discount from the stock’s previous closing price of Rs 3,190.50 apiece.

Notably, this comes a day after the business news channel reported that a shareholder of Privi Speciality Chemicals is likely to sell up to 6.32 percent stake in the company via a block deal.
<h3><strong>Privi Speciality Chemicals shareholding pattern:</strong></h3>
According to data on the company's shareholding pattern as at the end of September 2025, promoter and promoter groups held nearly 70 percent stake in the company while the rest of the 30 percent was owned by public.

Among the public shareholders, SBI Multi Asset Allocation Fund held the largest individual shareholding at 3.64 percent.
<h3><strong>Privi Speciality Chemicals share price:</strong></h3>
Privi Speciality Chemicals shares have fallen around 11 percent in the past one month, but gained around 24 percent in the past six months. The stock is so far up more than 57 percent in 2025 so far, but is set for its worst one-day drop since May 2022 today.

After hitting a 52-week low of Rs 1,368.15 apiece in March this year, the stock rapidly rallied more than 151 percent in around eight months to hit a fresh 52-week high of Rs 3,440.50 apiece in November this year.

The stock currently has a P/E ratio of more than 59, and a market capitalisation of over Rs 11,000 crore.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-flat-opening-us-markets-fall-liveblog-13749935.html">LIVE updates</a> from the stock markets 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>

Privi Speciality Chemicals shares fall 14% after Rs 1,086-crore shares change hands

The shares of Privi Speciality Chemicals fell nearly 14 percent on December 31 after the stock saw a large transaction taking place on exchanges.

The shares of the manufacturer, supplier and exporter of aroma and fragrance chemicals dropped to Rs 2,751 apiece in the morning trading hours of Wednesday.
Privi Speciality Chemicals large transaction:
As many as 38.8 lakh shares of Privi Speciality Chemicals, representing 9.93 percent stake in the company, changed hands in a large transaction, CNBC-TV18 quoted official data as saying. It added that the shares were traded at an average price of Rs 2,799 per share, taking the total value of the transaction to Rs 1,086 crore.

The reported price at which the transaction was carried out represents a 12 percent discount from the stock’s previous closing price of Rs 3,190.50 apiece.

Notably, this comes a day after the business news channel reported that a shareholder of Privi Speciality Chemicals is likely to sell up to 6.32 percent stake in the company via a block deal.
Privi Speciality Chemicals shareholding pattern:
According to data on the company's shareholding pattern as at the end of September 2025, promoter and promoter groups held nearly 70 percent stake in the company while the rest of the 30 percent was owned by public.

Among the public shareholders, SBI Multi Asset Allocation Fund held the largest individual shareholding at 3.64 percent.
Privi Speciality Chemicals share price:
Privi Speciality Chemicals shares have fallen around 11 percent in the past one month, but gained around 24 percent in the past six months. The stock is so far up more than 57 percent in 2025 so far, but is set for its worst one-day drop since May 2022 today.

After hitting a 52-week low of Rs 1,368.15 apiece in March this year, the stock rapidly rallied more than 151 percent in around eight months to hit a fresh 52-week high of Rs 3,440.50 apiece in November this year.

The stock currently has a P/E ratio of more than 59, and a market capitalisation of over Rs 11,000 crore.

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.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/engineering-industrial-equipments/admachsystems/ASL14">Admach Systems</a> made a weak debut on the stock markets on December 31, listing at Rs 191.20 apiece on the BSE SME platform. This marks a 20 percent discount over the IPO price of Rs 239 apiece.

The shares of the company debuted with a market capitalisation of Rs 129.50 crore.
<h3><strong>Listing premium vs grey market estimates:</strong></h3>
The listing has missed grey market estimates. Ahead of listing, the unlisted shares of Admach Systems were trading with nearly 5 percent grey market premium (GMP) over the IPO price, according to data on Investorgain.

According to IPO Watch, the unlisted shares of the company were trading with 4.6 percent GMP over the <a href="https://www.moneycontrol.com/ipo/admach-systems-ltd-asl14-ipodetail">IPO price</a>.
<h3>Admach Systems IPO:</h3>
Admach Systems had launched its initial public offering (IPO) earlier this month to raise Rs 42.60 crore entirely through a fresh issue of 18 lakh shares at a price band of Rs 227-239 per share.

Investors could bid for a minimum of 1,200 shares, requiring an investment of Rs 2.87 lakh at the upper price band, and in multiples thereafter.
<h3><strong>How will the IPO proceeds be used?</strong></h3>
The company aims to use Rs 16.47 crore from the fresh issue proceeds for funding capex for purchase and installation of new machinery, Rs 15.50 crore for funding working capital requirement and the remainder for general corporate purposes.

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>

&nbsp;

Weak market debut: Admach Systems shares list at 20% discount to SME IPO price

The shares of Admach Systems made a weak debut on the stock markets on December 31, listing at Rs 191.20 apiece on the BSE SME platform. This marks a 20 percent discount over the IPO price of Rs 239 apiece.

The shares of the company debuted with a market capitalisation of Rs 129.50 crore.
Listing premium vs grey market estimates:
The listing has missed grey market estimates. Ahead of listing, the unlisted shares of Admach Systems were trading with nearly 5 percent grey market premium (GMP) over the IPO price, according to data on Investorgain.

According to IPO Watch, the unlisted shares of the company were trading with 4.6 percent GMP over the IPO price.
Admach Systems IPO:
Admach Systems had launched its initial public offering (IPO) earlier this month to raise Rs 42.60 crore entirely through a fresh issue of 18 lakh shares at a price band of Rs 227-239 per share.

Investors could bid for a minimum of 1,200 shares, requiring an investment of Rs 2.87 lakh at the upper price band, and in multiples thereafter.
How will the IPO proceeds be used?
The company aims to use Rs 16.47 crore from the fresh issue proceeds for funding capex for purchase and installation of new machinery, Rs 15.50 crore for funding working capital requirement and the remainder for general corporate purposes.

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.

&amp;nbsp;

Automobile - Trucks/LCVs Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Automobile - Trucks/LCVs industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q2 FY25-26

Stock News

Mid-, small-cap indices outperform benchmarks, rise up to 1%; HPCL, Ircon, PCBL rise up to 7%

Vodafone Idea shares jump 4% to fresh 52-week high on likely govt relief on AGR dues today

MCX rises 3% as Morgan Stanley upgrades stock, hikes target price by 66%: Here's why

Privi Speciality Chemicals shares fall 14% after Rs 1,086-crore shares change hands

Weak market debut: Admach Systems shares list at 20% discount to SME IPO price

Automobile - Trucks/LCVs Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Automobile - Trucks/LCVs industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q2 FY25-26

Stock News

Mid-, small-cap indices outperform benchmarks, rise up to 1%; HPCL, Ircon, PCBL rise up to 7%

Vodafone Idea shares jump 4% to fresh 52-week high on likely govt relief on AGR dues today

MCX rises 3% as Morgan Stanley upgrades stock, hikes target price by 66%: Here's why

Privi Speciality Chemicals shares fall 14% after Rs 1,086-crore shares change hands

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Automobile - Trucks/LCVs Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Automobile - Trucks/LCVs industry stocks.