< -5%

-5% to -3%

-3% to 0%

Canara Bank

Bank of Baroda

Union Bank

Bank of India

Central Bank

UCO Bank

Punjab & Sind

0% to 3%

Bank of Mah

Indian Bank

3% to 5%

Stocks like Privi Speciality Chemicals, RITES, Bharat Forge, Power Grid Corporation of India, Titan Company, IFCI, InterGlobe Aviation, Taj GVK Hotels and Resorts, Apollo Techno Industries, and Admach Systems will be in focus on December 31.

shorts/business/stocks-to-watch-today-privi-speciality-chemicals-rites-bharat-forge-power-grid-lupin-taj-gvk-hotels-ifci-apollo-techno-in-focus-on-31-december

Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, appointments, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:

Stocks to Watch

<a href="https://www.moneycontrol.com/india/stockpricequote/chemicals/privispecialitychemicals/HKF">Privi Speciality Chemicals</a>

The seller is likely to sell up to a 6.32% stake in Privi Speciality Chemicals via a block deal, with an offer size of Rs 700 crore and a floor price in the range of Rs 2,835–2,850 per share, reports CNBC-TV18, quoting sources.

<a href="https://www.moneycontrol.com/india/stockpricequote/transport-infrastructure/rites/R02">RITES</a>

The company has received a Letter of Award for the supply of in-service Cape gauge diesel-electric locomotives from Berhard Development Corporation, Zimbabwe. The order is valued at $3.6 million.

<a href="https://www.moneycontrol.com/india/stockpricequote/castingsforgings/bharatforge/BF03">Bharat Forge</a>

The company has received a contract worth Rs 1,661.9 crore from the Ministry of Defence for the supply of 2,55,128 CQB carbines (5.56 x 45 mm) to the Indian Army. The contract stipulates order execution within five years.

<a href="https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/powergridcorporationindia/PGC">Power Grid Corporation of India</a>

The company has been declared the successful bidder for the selection of battery energy storage developers for setting up a cumulative capacity of 2,000 MWh (1,000 MW x 2 hours) of standalone battery energy storage systems in Andhra Pradesh.

The project comprises a 150 MW/300 MWh battery energy storage system at the 400/220 kV substation at Kalikiri in Chittoor district, Andhra Pradesh.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-investments/muthootfinance/MF10">Muthoot Finance</a>

The Board of Directors of Muthoot Money, a subsidiary of the company, has completed the allotment of 3,25,139 equity shares to Muthoot Finance against funds of Rs 500 crore via a rights issue.

Funds raised through the rights issue will be utilised for business funding, general corporate purposes, and repayment of existing loans.

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/titancompany/TI01">Titan Company</a>

The Board has approved the appointment of Sandhya Venugopal Sharma, IAS, as Chairperson and Additional Director of the company, effective January 4, 2026.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-term-lending-institutions/ifci/IFC02">IFCI</a>

The company has monetised its 10% equity stake in North Eastern Development Finance Corporation (NEDFi) for Rs 121.77 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/transportlogistics/interglobeaviation/IA04">InterGlobe Aviation</a>

The GST Department, Delhi South, has passed an order against InterGlobe Aviation imposing a GST demand, along with interest and penalty, amounting to Rs 458.26 crore. The demand pertains to compensation received from a foreign supplier and the denial of input tax credit for FY 2018–19 to FY 2022–23.

The company strongly believes that the order passed by the GST department is erroneous and not in accordance with the law, based on advice from external tax advisors.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/lupin/L">Lupin</a>

On September 29, 2025, the company’s subsidiary, Nanomi BV, Netherlands, entered into a definitive agreement to acquire the entire share capital of VISUfarma BV, headquartered in Amsterdam. The company had earlier indicated that the transaction would be consummated by the end of the calendar year 2025.

The company has now stated that the proposed transaction is currently in progress and is expected to be completed by February 28, 2026.

<a href="https://www.moneycontrol.com/india/stockpricequote/hotels/tajgvkhotelsresorts/TGV">Taj GVK Hotels and Resorts</a>

Shalini Bhupal, a promoter shareholder, through an inter se transfer of shares, has acquired 1.6 crore equity shares, representing 25.52% of the shareholding in Taj GVK Hotels &amp; Resorts, at a price of Rs 370 per share from The Indian Hotels Company Limited.

Consequent to the sale and purchase of the shares, a termination agreement was executed among G Indira Krishna Reddy, Shalini Bhupal, Blue Moon Trust, Moonshot Trust, Starlight Trust, The Indian Hotels Company Limited, and the company.

Bulk Deals

<a href="https://www.moneycontrol.com/india/stockpricequote/hotels/tajgvkhotelsresorts/TGV">Taj GVK Hotels</a>

Promoters Starlight Trust sold 12.5 lakh shares in the hotel chain for Rs 52.54 crore at Rs 420.34 per share, while Moonshot Trust also offloaded 12.5 lakh shares at Rs 420 per share for Rs 52.5 crore, taking the total stake sold to 3.98%.

Meanwhile, Nippon India Equity Opportunities AIF – Scheme 9 acquired 7.08 lakh shares for Rs 29.73 crore, and Nippon India Equity Opportunities AIF – Scheme 7 picked up 8.12 lakh shares for Rs 34.14 crore, both at a price of Rs 420 per share.

<a href="https://www.moneycontrol.com/india/stockpricequote/castingsforgings/ramkrishnaforgings/RF17">Ramkrishna Forgings</a>

Morgan Stanley Asia Singapore Pte Ltd bought 18.75 lakh shares in Ramkrishna Forgings at Rs 506.7 per share for Rs 95 crore, while Societe Generale sold 14.75 lakh shares at Rs 506.75 per share for Rs 74.74 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/shankarabuildingproducts/SBP02">Shankara Building Products</a>

Dhunseri Ventures sold 1.22 lakh shares (a 0.5% stake) in Shankara Building Products at Rs 101.71 per share for Rs 1.2 crore.

SME Listing

Apollo Techno Industries
Bai Kakaji Polymers
Nanta Tech
Admach Systems
Dhara Rail Projects

Stock Trades Ex-Bonus

A-1

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

Stocks to Watch Today: Privi Speciality Chemicals, RITES, Bharat Forge, Power Grid, Lupin, Taj GVK Hotels, IFCI, Apollo Techno in focus on 31 December

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

Stocks to Watch

Privi Speciality Chemicals

The seller is likely to sell up to a 6.32% stake in Privi Speciality Chemicals via a block deal, with an offer size of Rs 700 crore and a floor price in the range of Rs 2,835–2,850 per share, reports CNBC-TV18, quoting sources.

RITES

The company has received a Letter of Award for the supply of in-service Cape gauge diesel-electric locomotives from Berhard Development Corporation, Zimbabwe. The order is valued at $3.6 million.

Bharat Forge

The company has received a contract worth Rs 1,661.9 crore from the Ministry of Defence for the supply of 2,55,128 CQB carbines (5.56 x 45 mm) to the Indian Army. The contract stipulates order execution within five years.

Power Grid Corporation of India

The company has been declared the successful bidder for the selection of battery energy storage developers for setting up a cumulative capacity of 2,000 MWh (1,000 MW x 2 hours) of standalone battery energy storage systems in Andhra Pradesh.

The project comprises a 150 MW/300 MWh battery energy storage system at the 400/220 kV substation at Kalikiri in Chittoor district, Andhra Pradesh.

Muthoot Finance

The Board of Directors of Muthoot Money, a subsidiary of the company, has completed the allotment of 3,25,139 equity shares to Muthoot Finance against funds of Rs 500 crore via a rights issue.

Funds raised through the rights issue will be utilised for business funding, general corporate purposes, and repayment of existing loans.

Titan Company

The Board has approved the appointment of Sandhya Venugopal Sharma, IAS, as Chairperson and Additional Director of the company, effective January 4, 2026.

IFCI

The company has monetised its 10% equity stake in North Eastern Development Finance Corporation (NEDFi) for Rs 121.77 crore.

InterGlobe Aviation

The GST Department, Delhi South, has passed an order against InterGlobe Aviation imposing a GST demand, along with interest and penalty, amounting to Rs 458.26 crore. The demand pertains to compensation received from a foreign supplier and the denial of input tax credit for FY 2018–19 to FY 2022–23.

The company strongly believes that the order passed by the GST department is erroneous and not in accordance with the law, based on advice from external tax advisors.

Lupin

On September 29, 2025, the company’s subsidiary, Nanomi BV, Netherlands, entered into a definitive agreement to acquire the entire share capital of VISUfarma BV, headquartered in Amsterdam. The company had earlier indicated that the transaction would be consummated by the end of the calendar year 2025.

The company has now stated that the proposed transaction is currently in progress and is expected to be completed by February 28, 2026.

Taj GVK Hotels and Resorts

Shalini Bhupal, a promoter shareholder, through an inter se transfer of shares, has acquired 1.6 crore equity shares, representing 25.52% of the shareholding in Taj GVK Hotels &amp;amp; Resorts, at a price of Rs 370 per share from The Indian Hotels Company Limited.

Consequent to the sale and purchase of the shares, a termination agreement was executed among G Indira Krishna Reddy, Shalini Bhupal, Blue Moon Trust, Moonshot Trust, Starlight Trust, The Indian Hotels Company Limited, and the company.

Bulk Deals

Taj GVK Hotels

Promoters Starlight Trust sold 12.5 lakh shares in the hotel chain for Rs 52.54 crore at Rs 420.34 per share, while Moonshot Trust also offloaded 12.5 lakh shares at Rs 420 per share for Rs 52.5 crore, taking the total stake sold to 3.98%.

Meanwhile, Nippon India Equity Opportunities AIF – Scheme 9 acquired 7.08 lakh shares for Rs 29.73 crore, and Nippon India Equity Opportunities AIF – Scheme 7 picked up 8.12 lakh shares for Rs 34.14 crore, both at a price of Rs 420 per share.

Ramkrishna Forgings

Morgan Stanley Asia Singapore Pte Ltd bought 18.75 lakh shares in Ramkrishna Forgings at Rs 506.7 per share for Rs 95 crore, while Societe Generale sold 14.75 lakh shares at Rs 506.75 per share for Rs 74.74 crore.

Shankara Building Products

Dhunseri Ventures sold 1.22 lakh shares (a 0.5% stake) in Shankara Building Products at Rs 101.71 per share for Rs 1.2 crore.

SME Listing

Apollo Techno Industries
Bai Kakaji Polymers
Nanta Tech
Admach Systems
Dhara Rail Projects

Stock Trades Ex-Bonus

A-1

Starlight Trust sold 12.5 lakh shares in Taj GVK Hotels, and Moonshot Trust offloaded 12.5 lakh shares.

shorts/business/promoters-offload-4-stake-in-taj-gvk-hotels-nippon-india-picks-up-2-4-shares

Promoters have offloaded nearly 4 percent equity stake in Taj GVK Hotels &amp; Resorts, a joint venture between the Hyderabad-based GVK Group and Indian Hotels Company, via open market transactions on December 30.

<a href="https://www.moneycontrol.com/india/stockpricequote/hotels/tajgvkhotelsresorts/TGV">Taj GVK Hotels</a> shares fell 0.75 percent to Rs 429.35 amid volatility after hitting highest level (intraday) since September 23, closing near the upper Bollinger bands.

Promoters - Starlight Trust sold 12.5 lakh shares in the hotel chain for Rs 52.54 crore at Rs 420.34 per share, and Moonshot Trust also offloaded 12.5 lakh shares at Rs 420 per share for Rs 52.5 crore, which totalled to 3.98 percent stake.

However, Nippon India Equity Opportunities AIF - Scheme 9 has acquired 7.08 lakh shares for Rs 29.73 crore, and Nippon India Equity Opportunities AIF - Scheme 7 picked up 8.12 lakh shares for Rs 34.14 crore, at a price of Rs 420 per share.

Meanwhile, <a href="https://www.moneycontrol.com/india/stockpricequote/castingsforgings/ramkrishnaforgings/RF17">Ramkrishna Forgings</a>, the forged components maker, was also in focus. Morgan Stanley Asia Singapore Pte has bought 18.75 lakh shares at Rs 506.7 per share for Rs 95 crore, however, Societe Generale sold 14.75 lakh shares at Rs 506.75 per share for Rs 74.74 crore.

The stock price declined 1.04 percent to finish at Rs 507.55 on the NSE.

Dhunseri Ventures sold 1.22 lakh shares (half a percent stake) in <a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/shankarabuildingproducts/SBP02">Shankara Building Products</a> at Rs 101.71 per share for Rs 1.2 crore. The stock corrected 7.11 percent to Rs 101.1, the all-time closing low. The stock has been under severe selling pressure since August this year, losing 91 percent in five months.

<img class="alignnone size-full wp-image-13749902 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/12/20251230204454_Image2330122025.jpg" alt="Image2330122025" width="700" height="2475" />

Promoters offload 4% stake in Taj GVK Hotels, Nippon India picks up 2.4% shares

Promoters have offloaded nearly 4 percent equity stake in Taj GVK Hotels &amp;amp; Resorts, a joint venture between the Hyderabad-based GVK Group and Indian Hotels Company, via open market transactions on December 30.

Taj GVK Hotels shares fell 0.75 percent to Rs 429.35 amid volatility after hitting highest level (intraday) since September 23, closing near the upper Bollinger bands.

Promoters - Starlight Trust sold 12.5 lakh shares in the hotel chain for Rs 52.54 crore at Rs 420.34 per share, and Moonshot Trust also offloaded 12.5 lakh shares at Rs 420 per share for Rs 52.5 crore, which totalled to 3.98 percent stake.

However, Nippon India Equity Opportunities AIF - Scheme 9 has acquired 7.08 lakh shares for Rs 29.73 crore, and Nippon India Equity Opportunities AIF - Scheme 7 picked up 8.12 lakh shares for Rs 34.14 crore, at a price of Rs 420 per share.

Meanwhile, Ramkrishna Forgings, the forged components maker, was also in focus. Morgan Stanley Asia Singapore Pte has bought 18.75 lakh shares at Rs 506.7 per share for Rs 95 crore, however, Societe Generale sold 14.75 lakh shares at Rs 506.75 per share for Rs 74.74 crore.

The stock price declined 1.04 percent to finish at Rs 507.55 on the NSE.

Dhunseri Ventures sold 1.22 lakh shares (half a percent stake) in Shankara Building Products at Rs 101.71 per share for Rs 1.2 crore. The stock corrected 7.11 percent to Rs 101.1, the all-time closing low. The stock has been under severe selling pressure since August this year, losing 91 percent in five months.

Hyundai launches Prime Taxi range for commercial mobility in India, Prime HB and Prime SD offer petrol+CNG engines, starting at Rs 5.99 lakh, Special warranty, flexible finance, high fuel efficiency target fleet operators

* Hyundai launches Prime Taxi range for commercial mobility in India
* Prime HB and Prime SD offer petrol+CNG engines, starting at Rs 5.99 lakh
* Special warranty, flexible finance, high fuel efficiency target fleet operators

Hyundai Motor India launched the Prime Taxi range, entering the commercial mobility segment with Prime HB and Prime SD models. Aimed at fleet operators, these petrol+CNG vehicles offer low ownership costs, extended warranties, and flexible financing options.

shorts/business/hyundai-motor-india-enters-commercial-mobility-launches-prime-hatchback-sedan-prices-start-at-rs-5-99-lakh

* Hyundai launches Prime Taxi range for commercial mobility in India
* Prime HB and Prime SD offer petrol+CNG engines, starting at Rs 5.99 lakh
* Special warranty, flexible finance, high fuel efficiency target fleet operators

Hyundai Motor India on Tuesday announced its entry into the commercial mobility segment with the launch of its dedicated taxi offerings under the 'Prime Taxi' range.

Purpose-built to address the evolving needs of fleet operators and taxi entrepreneurs, the Prime range -- Prime HB (hatchback) and Prime SD (sedan) -- offer reliability, low cost of ownership and superior comfort with strong earning potential, Hyundai Motor India Ltd (HMIL) said in a statement.

"Fleet operators and taxi drivers look for vehicles that deliver maximum uptime, predictable maintenance and low operating costs, and the Hyundai Prime range has been developed precisely with these priorities in mind," HMIL Managing Director &amp; CEO designate, Tarun Garg said.

Both Prime HB and Prime SD are available with 1.2-litre Kappa 4-cylinder engine (Petrol + CNG) and the models are offered at starting prices of Rs 5,99,900 for Prime HB and Rs 6,89,900 for Prime SD (ex-showroom).

Flexible finance solutions with repayment tenure of up to 72 months further enhance accessibility for first-time and expanding fleet operators, HMIL added.

Both models come with special extended warranty packages of 4th and 5th year / 180,000 KMs (whichsoever earlier) for high running vehicles, ensuring predictable maintenance and lower total cost of ownership (at 47 paise / km). Flexible finance solutions with repayment tenure of up to 72 months further enhance accessibility for first-time and expanding fleet operators. The Prime range benefits from Hyundai’s wide nationwide sales and service network, ensuring maximum uptime, faster service turnaround and complete peace of mind - critical factors for commercial customers whose livelihoods depend on vehicle availability. Exclusive trained fleet care advisor (FCA) would be available to attend taxi and fleet customers at the Hyundai dealerships, the company said.

The new commercial vehicles are designed to deliver exceptional performance, while offering superior ride and comfort to both the driver as well as passengers. With a strong emphasis on operational costs, the Hyundai Prime range offers exceptional fuel efficiency - 28.40 km/kg for Prime SD and 27.32 km/kg for Prime HB6. The new affordable offerings aim to empower taxi operators with dependable vehicles that maximize their operations and income, it added.

Shares of <a href="https://www.moneycontrol.com/india/stockpricequote/automobile-passenger-cars/hyundaimotorindia/HMI01">Hyundai Motor India Ltd</a> settled lower at Rs 2,300.9 per share on the NSE, down 0.88 percent.

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.

Hyundai Motor India enters commercial mobility, launches Prime hatchback, sedan; prices start at Rs 5.99 lakh

Hyundai Motor India on Tuesday announced its entry into the commercial mobility segment with the launch of its dedicated taxi offerings under the 'Prime Taxi' range.

Purpose-built to address the evolving needs of fleet operators and taxi entrepreneurs, the Prime range -- Prime HB (hatchback) and Prime SD (sedan) -- offer reliability, low cost of ownership and superior comfort with strong earning potential, Hyundai Motor India Ltd (HMIL) said in a statement.

&quot;Fleet operators and taxi drivers look for vehicles that deliver maximum uptime, predictable maintenance and low operating costs, and the Hyundai Prime range has been developed precisely with these priorities in mind,&quot; HMIL Managing Director &amp;amp; CEO designate, Tarun Garg said.

Both Prime HB and Prime SD are available with 1.2-litre Kappa 4-cylinder engine (Petrol + CNG) and the models are offered at starting prices of Rs 5,99,900 for Prime HB and Rs 6,89,900 for Prime SD (ex-showroom).

Flexible finance solutions with repayment tenure of up to 72 months further enhance accessibility for first-time and expanding fleet operators, HMIL added.

Both models come with special extended warranty packages of 4th and 5th year / 180,000 KMs (whichsoever earlier) for high running vehicles, ensuring predictable maintenance and lower total cost of ownership (at 47 paise / km). Flexible finance solutions with repayment tenure of up to 72 months further enhance accessibility for first-time and expanding fleet operators. The Prime range benefits from Hyundai’s wide nationwide sales and service network, ensuring maximum uptime, faster service turnaround and complete peace of mind - critical factors for commercial customers whose livelihoods depend on vehicle availability. Exclusive trained fleet care advisor (FCA) would be available to attend taxi and fleet customers at the Hyundai dealerships, the company said.

The new commercial vehicles are designed to deliver exceptional performance, while offering superior ride and comfort to both the driver as well as passengers. With a strong emphasis on operational costs, the Hyundai Prime range offers exceptional fuel efficiency - 28.40 km/kg for Prime SD and 27.32 km/kg for Prime HB6. The new affordable offerings aim to empower taxi operators with dependable vehicles that maximize their operations and income, it added.

Shares of Hyundai Motor India Ltd settled lower at Rs 2,300.9 per share on the NSE, down 0.88 percent.

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.

Ajanta Pharma shares rose after Motilal Oswal predicted gains from new drug., Ajanta to source semaglutide from Biocon, targeting Asia and Africa markets, Motilal Oswal maintains "buy" rating with a target price of Rs 3,145

* Ajanta Pharma shares rose after Motilal Oswal predicted gains from new drug.
* Ajanta to source semaglutide from Biocon, targeting Asia and Africa markets
* Motilal Oswal maintains "buy" rating with a target price of Rs 3,145

Ajanta Pharma shares rose after Motilal Oswal highlighted strong prospects from its new weight-loss drug semaglutide, sourced via Biocon. The brokerage expects significant sales growth, high margins, and reiterated a “buy” rating with a Rs 3,145 target.

shorts/business/ajanta-pharma-rises-3-5-as-motilal-oswal-expects-strong-gains-from-new-weight-loss-drug-sees-up-to-17-upside

* Ajanta Pharma shares rose after Motilal Oswal predicted gains from new drug.
* Ajanta to source semaglutide from Biocon, targeting Asia and Africa markets
* Motilal Oswal maintains "buy" rating with a target price of Rs 3,145

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/ajantapharma/AP22">Ajanta Pharma</a> shares settled higher on Tuesday after domestic brokerage Motilal Oswal said the company could see strong gains from its new weight-loss drug.

The stock settled at Rs 2,715 apiece on the NSE, up 0.92 percent. During the day, it touched a high of Rs 2,784.80, up 3.52 percent. The scrip has risen for the last two trading sessions.

Motilal Oswal said Ajanta Pharma’s partnership with Biocon to source the weight-loss drug semaglutide is a meaningful step towards introducing newer therapies and securing market share.

The brokerage estimates potential annualised sales from semaglutide in Asia and Africa at USD 25–30 million from the second half of FY28, with EBITDA margins of 50–55 percent.

It expects Ajanta Pharma’s overall revenue and profit to grow at a compound annual growth rate of 11 percent and 16 percent, respectively, over FY26–28.

Motilal Oswal reiterated its “buy” rating on the stock and maintained a target price of Rs 3,145, implying an upside of about 17 percent.

The company’s surplus cash position provides enough cushion to acquire products that complement its branded generics portfolio. In fact, the company has meaningfully scaled its acquired brands over the past 12 months, the brokerage said.

In emerging markets, AJP is pursuing an asset-light, marketing-led model and will source semaglutide from Biocon under an in-licensing arrangement. The company has exclusive or semi-exclusive marketing rights across 23 countries in Africa and three countries in the Middle East and Central Asia. With patents expiring in Mar’26 and approvals expected between late 2026 and early 2027, this structure enables AJP to capture upside without assuming manufacturing risk, it added.

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.

Ajanta Pharma rises 3.5% as Motilal Oswal expects strong gains from new weight-loss drug, sees up to 17% upside

Ajanta Pharma shares settled higher on Tuesday after domestic brokerage Motilal Oswal said the company could see strong gains from its new weight-loss drug.

The stock settled at Rs 2,715 apiece on the NSE, up 0.92 percent. During the day, it touched a high of Rs 2,784.80, up 3.52 percent. The scrip has risen for the last two trading sessions.

Motilal Oswal said Ajanta Pharma’s partnership with Biocon to source the weight-loss drug semaglutide is a meaningful step towards introducing newer therapies and securing market share.

The brokerage estimates potential annualised sales from semaglutide in Asia and Africa at USD 25–30 million from the second half of FY28, with EBITDA margins of 50–55 percent.

It expects Ajanta Pharma’s overall revenue and profit to grow at a compound annual growth rate of 11 percent and 16 percent, respectively, over FY26–28.

Motilal Oswal reiterated its “buy” rating on the stock and maintained a target price of Rs 3,145, implying an upside of about 17 percent.

The company’s surplus cash position provides enough cushion to acquire products that complement its branded generics portfolio. In fact, the company has meaningfully scaled its acquired brands over the past 12 months, the brokerage said.

In emerging markets, AJP is pursuing an asset-light, marketing-led model and will source semaglutide from Biocon under an in-licensing arrangement. The company has exclusive or semi-exclusive marketing rights across 23 countries in Africa and three countries in the Middle East and Central Asia. With patents expiring in Mar’26 and approvals expected between late 2026 and early 2027, this structure enables AJP to capture upside without assuming manufacturing risk, it added.

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 stocks rose on hopes of strong December sales data, Maruti Suzuki hit an all-time high, Strong IIP data also boosted auto sector shares

* Auto stocks rose on hopes of strong December sales data
* Maruti Suzuki hit an all-time high
* Strong IIP data also boosted auto sector shares

Auto stocks rose on December 30, lifting the Nifty Auto index over 1%, as hopes for strong December sales and robust industrial production data boosted sentiment. Maruti Suzuki hit a record high, while Hero MotoCorp, Ashok Leyland, and Bajaj Auto gained over 2%.

shorts/business/maruti-suzuki-shares-hit-fresh-lifetime-high-auto-stocks-rise-ahead-of-monthly-auto-sales-data

* Auto stocks rose on hopes of strong December sales data
* Maruti Suzuki hit an all-time high
* Strong IIP data also boosted auto sector shares

The shares of automakers rose in trade on December 30 amid rising hopes for strong auto sales data for the month of December.

The sharp rise in the share prices pushed the <a href="https://www.moneycontrol.com/indian-indices/nifty-auto-52.html">Nifty Auto index</a> up more than 1 percent to end the session at 27,889.65 and snap a three-session losing streak, with heavyweight <a href="https://www.moneycontrol.com/india/stockpricequote/auto-carsjeeps/marutisuzukiindia/MS24">Maruti Suzuki</a> shares hitting a fresh all-time high.
<h3>Hopes for strong December auto sales data:</h3>
Analysts expect the automakers to post strong auto sales for the month of December. Nuvama Wealth Management said that these firms will continue to benefit from lower GST, which has led to better demand, Informist reported.

The brokerage expects double-digit year-on-year growth in sales volumes across categories for the month, it added.

"Sales volumes are likely to be driven by continued positive customer sentiments spurred by better affordability (courtesy GST cuts), new products, interest rate cuts and adequate finance availability despite some pressure on rural sentiments due to a drop in retail crop prices…Furthermore, we reckon exports shall rise in double digits led by growth in Asia, Africa, and Latin America," the domestic brokerage further said, as quoted by Informist.

"The auto sales numbers expected in two days will give an indication of the sustainability of the consumption boom in the economy. This is significant from the economic growth perspective, too," said VK Vijayakumar, Chief Investment Strategist, Geojit Investments.
<h3>Strong IIP data:</h3>
The rise in the auto stocks may have also bee driven by <a href="https://www.moneycontrol.com/news/business/economy/industrial-output-rebounds-to-over-two-year-high-of-6-7-in-november-13746973.html">strong IIP numbers</a>. India’s industrial production rebounded sharply in November, with the Index of Industrial Production (IIP) rising 6.7 percent—a 25-month high—from just 0.5 percent in October, data released on December 29 showed.

The recovery was broad-based, with strong improvement across all three major sectors. Manufacturing, which accounts for over 75 percent of the index, accelerated to an over two-year high of 8 percent, up from 2 percent in the previous month, providing the biggest boost to headline growth.

"Sector-wise, while auto stocks gained on robust IIP data," said Vinod Nair, Head of Research, Geojit Investments.
<h3>Top gainers on the auto index:</h3>
<a href="https://www.moneycontrol.com/india/stockpricequote/auto-23-wheelers/heromotocorp/HHM">Hero MotoCorp</a> shares emerged as the top gainer on the index, jumping more than 2 percent to snap a three-session gaining streak. Ashok Leyland and <a href="https://www.moneycontrol.com/india/stockpricequote/auto-23-wheelers/bajajauto/BA10">Bajaj Auto</a> shares also jumped more than 2 percent each, while Mahindra &amp; Mahindra (<a href="https://www.moneycontrol.com/india/stockpricequote/auto-carsjeeps/mahindramahindra/MM">M&amp;M</a>) and TVS Motor Company shares gained nearly 2 percent each.

Bharat Forge and <a href="https://www.moneycontrol.com/india/stockpricequote/auto-lcvshcvs/tatamotorspassengervehicles/TM03">Tata Motors Passenger Vehicles</a> shares rose nearly 1 percent each. Maruti Suzuki shares gained nearly 2 percent earlier during the day to hit a fresh all-time high of Rs 16,818 apiece, before paring some gains to close 0.5 percent higher at Rs 16,625 apiece.

Sona BLW Precision Forgings, Bosch and UNO Minda shares closed in the green with marginal gains. Bucking the trend, Royal Enfield-maker <a href="https://www.moneycontrol.com/india/stockpricequote/auto-lcvshcvs/eichermotors/EM">Eicher Motors</a>, Exide Industries and Tube Investments of India shares fell more than 1 percent each.

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries-auto-truckmotorcycle-parts/samvardhanamothersoninternational/MSS01">Samvardhana Motherson International</a> shares also closed in the red with marginal losses.

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.

Maruti Suzuki shares hit fresh lifetime high, auto stocks rise ahead of monthly auto sales data

The shares of automakers rose in trade on December 30 amid rising hopes for strong auto sales data for the month of December.

The sharp rise in the share prices pushed the Nifty Auto index up more than 1 percent to end the session at 27,889.65 and snap a three-session losing streak, with heavyweight Maruti Suzuki shares hitting a fresh all-time high.
Hopes for strong December auto sales data:
Analysts expect the automakers to post strong auto sales for the month of December. Nuvama Wealth Management said that these firms will continue to benefit from lower GST, which has led to better demand, Informist reported.

The brokerage expects double-digit year-on-year growth in sales volumes across categories for the month, it added.

&quot;Sales volumes are likely to be driven by continued positive customer sentiments spurred by better affordability (courtesy GST cuts), new products, interest rate cuts and adequate finance availability despite some pressure on rural sentiments due to a drop in retail crop prices…Furthermore, we reckon exports shall rise in double digits led by growth in Asia, Africa, and Latin America,&quot; the domestic brokerage further said, as quoted by Informist.

&quot;The auto sales numbers expected in two days will give an indication of the sustainability of the consumption boom in the economy. This is significant from the economic growth perspective, too,&quot; said VK Vijayakumar, Chief Investment Strategist, Geojit Investments.
Strong IIP data:
The rise in the auto stocks may have also bee driven by strong IIP numbers. India’s industrial production rebounded sharply in November, with the Index of Industrial Production (IIP) rising 6.7 percent—a 25-month high—from just 0.5 percent in October, data released on December 29 showed.

The recovery was broad-based, with strong improvement across all three major sectors. Manufacturing, which accounts for over 75 percent of the index, accelerated to an over two-year high of 8 percent, up from 2 percent in the previous month, providing the biggest boost to headline growth.

&quot;Sector-wise, while auto stocks gained on robust IIP data,&quot; said Vinod Nair, Head of Research, Geojit Investments.
Top gainers on the auto index:
Hero MotoCorp shares emerged as the top gainer on the index, jumping more than 2 percent to snap a three-session gaining streak. Ashok Leyland and Bajaj Auto shares also jumped more than 2 percent each, while Mahindra &amp;amp; Mahindra (M&amp;amp;M) and TVS Motor Company shares gained nearly 2 percent each.

Bharat Forge and Tata Motors Passenger Vehicles shares rose nearly 1 percent each. Maruti Suzuki shares gained nearly 2 percent earlier during the day to hit a fresh all-time high of Rs 16,818 apiece, before paring some gains to close 0.5 percent higher at Rs 16,625 apiece.

Sona BLW Precision Forgings, Bosch and UNO Minda shares closed in the green with marginal gains. Bucking the trend, Royal Enfield-maker Eicher Motors, Exide Industries and Tube Investments of India shares fell more than 1 percent each.

Samvardhana Motherson International shares also closed in the red with marginal losses.

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

Bank - Public Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Bank - Public industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q2 FY25-26

Stock News

Stocks to Watch Today: Privi Speciality Chemicals, RITES, Bharat Forge, Power Grid, Lupin, Taj GVK Hotels, IFCI, Apollo Techno in focus on 31 December

Promoters offload 4% stake in Taj GVK Hotels, Nippon India picks up 2.4% shares

Hyundai Motor India enters commercial mobility, launches Prime hatchback, sedan; prices start at Rs 5.99 lakh

Ajanta Pharma rises 3.5% as Motilal Oswal expects strong gains from new weight-loss drug, sees up to 17% upside

Maruti Suzuki shares hit fresh lifetime high, auto stocks rise ahead of monthly auto sales data

Bank - Public Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Bank - Public industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q2 FY25-26

Stock News

Stocks to Watch Today: Privi Speciality Chemicals, RITES, Bharat Forge, Power Grid, Lupin, Taj GVK Hotels, IFCI, Apollo Techno in focus on 31 December

Promoters offload 4% stake in Taj GVK Hotels, Nippon India picks up 2.4% shares

Hyundai Motor India enters commercial mobility, launches Prime hatchback, sedan; prices start at Rs 5.99 lakh

Ajanta Pharma rises 3.5% as Motilal Oswal expects strong gains from new weight-loss drug, sees up to 17% upside

Maruti Suzuki shares hit fresh lifetime high, auto stocks rise ahead of monthly auto sales data

Bank - Public Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Bank - Public industry stocks.