Parsvnath

< -5%

Drone Desti

Kolte-Patil

Tamilnadu Petro

Dynacons Sys

Sai Life Sci

-5% to -3%

Ajanta Pharma

Tatva Chintan

Vikram Solar

Borosil

Aster DM Health

VIP Clothing

GSS Infotech

Balaji Amines

India Pesticide

Alkem Lab

RBM Infracon

Rashtriya Chem

Gem Aromatics

Andhra Petro

Elecon Eng

Sharda Motor

Sharda Crop

Electrosteel

NRB Bearings

Shivalik Bimeta

Igarashi Motors

MFL India

Page Industries

Aegis Vopak

HG Infra Engg

Bajaj Hindustha

Eris Life

Genus Power

Donear Ind

Dabur India

Martin Burn Ltd

JK Bank

Vishnu Chemical

Suraksha Diagno

Matrimony.com

Agro Phos India

Sunteck Realty

Ajmera Realty

IRB Infra

Greaves Cotton

J G Chemicals

PG Electroplast

MRPL

Jubilant Ing.

Arvind Smart

Jeena Sikho

Rattan Power

Belrise Ind

Guj Alkali

Apeejay Park

Akzo Nobel

NTPC Green Ener

South West Pinn

Sundaram Fin

IGIL

COFORGE LTD.

Bayer CropScien

Cemindia Proj

Jindal Saw

Panama Petro

Goldiam Inter

DCB Bank

Prakash Steelag

Embassy Develop

Asahi Songwon

Oswal Pumps

Apollo Hospital

Vesuvius India

Tata Chemicals

Bharat Rasayan

ICICI Bank

Shriram Pistons

Walchandnagar

Concord Enviro 

Marico

Kothari Sugars

Protean eGov

Omaxe

Bajaj Finserv

Bajaj Steel

Britannia

Avantel

JTL Ind.

Country Condos

Indowind Energy

TVS Holdings

Rupa and Comp

Jayaswal Neco

Tourism Finance

Laxmi Goldorna

Alankit

Kotak Gold ETF

Capital SFB

Hilton Metal

Bharat Elec

Algoquant Finte

Megastar Foods

Container Corp

-3% to 0%

Supreme Petro

Astron Paper

Suryalakshmi Co

India Shelter

RO Jewels

Avonmore Cap

Ind-Swift Labs

SBI Life Insura

Indiqube Spaces

IndiGrid Infra

Swiss Military

Quality Power

ORIENTAL AROMAT

Spencers Retail

0% to 3%

Sumeet Ind

Hemang Resource

3% to 5%

<a href="https://www.moneycontrol.com/india/stockpricequote/transport-infrastructure/rites/R02">RITES</a> share price gained 6 percent in the opening trade on September 26 after the company received letter of award from Talis Logistics, South Africa for supply of locomotives.

At 09:20am, RITES was quoting at Rs 267.89, up Rs 15.59, or 6.18 percent, on the NSE.

".... has received letter of award from Talis Logistics, South Africa for supply and commissioning of overhauled in-service cape gauge ALCO diesel electric locomotive of Rs USD 18 million," company said in its release.

The delivery of the locomotives will be completed within 6 to 8 months from the receipt of advance.

<a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-26-09-2025-liveblog-13580752.html">Catch all the market action on our live blog</a>

Last week, the company received a rate contract from NTPC of Rs 78.65 crore for hiring of diesel locomotives on lease basis for NTPC power plants across the country.

In the previous trading session, the share closed at Rs 252.50, down Rs 5.60, or 2.17 percent.

The share touched a 52-week high of Rs 370.55 and a 52-week low of Rs 192.40 on 27 September, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 27.7 percent below its 52-week high and 39.24 percent above its 52-week low.

The market capitalisation of the company stands at Rs 12,874.89 crore.

Ownership, Material Conflicts of Interest and Disciplinary History

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

Details of Associate

Receipt of Compensation

Third-Party Compensation

Employment History

Market-Making Activities

Use of Artificial Intelligence

RITES shares gain 6% on locomotives supply order win

RITES share price gained 6 percent in the opening trade on September 26 after the company received letter of award from Talis Logistics, South Africa for supply of locomotives.

At 09:20am, RITES was quoting at Rs 267.89, up Rs 15.59, or 6.18 percent, on the NSE.

&quot;.... has received letter of award from Talis Logistics, South Africa for supply and commissioning of overhauled in-service cape gauge ALCO diesel electric locomotive of Rs USD 18 million,&quot; company said in its release.

The delivery of the locomotives will be completed within 6 to 8 months from the receipt of advance.

Catch all the market action on our live blog

Last week, the company received a rate contract from NTPC of Rs 78.65 crore for hiring of diesel locomotives on lease basis for NTPC power plants across the country.

In the previous trading session, the share closed at Rs 252.50, down Rs 5.60, or 2.17 percent.

The share touched a 52-week high of Rs 370.55 and a 52-week low of Rs 192.40 on 27 September, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 27.7 percent below its 52-week high and 39.24 percent above its 52-week low.

The market capitalisation of the company stands at Rs 12,874.89 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/construction-infrastructure/ceigallindia/CIL07">Ceigall India</a> share price added 2 percent in the opening trade on September 26 following the company received road construction project worth Rs 509 crore.

At 09:20am, Ceigall India was quoting at Rs 276, up Rs 4.55, or 1.68 percent, on the BSE.

The joint venture between Ceigall India (CIL) and JSP projects (JSPPPL) has received Letter of Award from Greater Mohali Area Development Authority (GMADA) for the construction of internal road of Pocket B, C &amp; D of Aerotropolis S.A.S Nagar (Civil, Public Health and Elect. Works).

The total cost of the work is Rs 509,20,80,359 with CIL share is 80% and JSPPPL share is 20%.

The said contract is to be executed in 24 months.

<a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-26-09-2025-liveblog-13580752.html">Catch all the market action on our live blog</a>

Last week the company has emerged as the lowest bidder in auction establishment of grid-connected ground-mounted solar photovoltaic (PV) project with battery
energy storage systems (BESS) at Morena Solar Park, Madhya Pradesh,” through a tariff-based competitive bidding.

The company has quoted a tariff of Rs 2.70/kWh with a capacity of 220 MW out of the total 440 MW project from Rewa Ultra Mega Solar.

In the previous trading session, the share closed at Rs 271.45, down Rs 0.20, or 0.07 percent.

The share touched a 52-week high of Rs 397.95 and a 52-week low of Rs 229.00 on 04 October, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 30.64 percent below its 52-week high and 20.52 percent above its 52-week low.

The market capitalisation of the company stands at Rs 4,808.05 crore.

Ceigall India shares rise 2% on project win of Rs 509 crore from GMADA

Ceigall India share price added 2 percent in the opening trade on September 26 following the company received road construction project worth Rs 509 crore.

At 09:20am, Ceigall India was quoting at Rs 276, up Rs 4.55, or 1.68 percent, on the BSE.

The joint venture between Ceigall India (CIL) and JSP projects (JSPPPL) has received Letter of Award from Greater Mohali Area Development Authority (GMADA) for the construction of internal road of Pocket B, C &amp;amp; D of Aerotropolis S.A.S Nagar (Civil, Public Health and Elect. Works).

The total cost of the work is Rs 509,20,80,359 with CIL share is 80% and JSPPPL share is 20%.

The said contract is to be executed in 24 months.

Catch all the market action on our live blog

Last week the company has emerged as the lowest bidder in auction establishment of grid-connected ground-mounted solar photovoltaic (PV) project with battery
energy storage systems (BESS) at Morena Solar Park, Madhya Pradesh,” through a tariff-based competitive bidding.

The company has quoted a tariff of Rs 2.70/kWh with a capacity of 220 MW out of the total 440 MW project from Rewa Ultra Mega Solar.

In the previous trading session, the share closed at Rs 271.45, down Rs 0.20, or 0.07 percent.

The share touched a 52-week high of Rs 397.95 and a 52-week low of Rs 229.00 on 04 October, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 30.64 percent below its 52-week high and 20.52 percent above its 52-week low.

The market capitalisation of the company stands at Rs 4,808.05 crore.

Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:

<a href="https://www.moneycontrol.com/markets/earnings/" target="_blank">Results Today</a>

Amanta Healthcare, Ashapura Intimates Fashion, and Taaza International will release their quarterly earnings on September 26.

Stocks to Watch

<a href="https://www.moneycontrol.com/india/stockpricequote/transport-infrastructure/rites/R02" target="_blank">RITES</a>

The company has received a Letter of Award from Talis Logistics, South Africa, for the supply and commissioning of overhauled in-service Cape gauge ALCO diesel-electric locomotives. The order is worth $18 million.

<a href="https://www.moneycontrol.com/india/stockpricequote/construction-infrastructure/ceigallindia/CIL07" target="_blank">Ceigall India</a>

CIL–JSPPPL, the joint venture between Ceigall India and JSP Projects (JSPPPL), has received a Letter of Award from the Greater Mohali Area Development Authority (GMADA) for the construction of internal roads of Pocket B, C &amp; D of Aerotropolis, SAS Nagar. The project is worth Rs 509.2 crore. Ceigall India and JSP Projects hold 80% and 20% stakes in the joint venture, respectively.

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries/exideindustries/EI" target="_blank">Exide Industries</a>

The company has invested Rs 80 crore in equity shares of its wholly-owned subsidiary, Exide Energy Solutions, on a rights basis, for setting up a greenfield plant at Bengaluru for the manufacturing of lithium-ion battery cells, modules, and pack business. With this investment, the total investment made by the company in the subsidiary stands at Rs 3,882.23 crore. There is no change in the shareholding percentage of the company in the subsidiary post this investment.

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-lcvshcvs/tatamotors/TM03" target="_blank">Tata Motors</a>

Through a statement on the cyber incident, Jaguar Land Rover (JLR) informed colleagues, suppliers, and retail partners that sections of its digital estate are now up and running. The foundational work of its recovery programme is firmly underway, and the Global Parts Logistics Centre is running at full operations.

<a href="https://www.moneycontrol.com/india/stockpricequote/cement/nuvocovistascorporation/NVC" target="_blank">Nuvoco Vistas Corporation</a>

The company has received a show cause notice from the Joint Commissioner (Prev), CGST &amp; Central Excise, Raipur, alleging invoicing by carrying and forwarding agents (C&amp;FA) without the supply of cement during the period FY 2019-20 to September 24 of FY 2024-25, and hence demanding tax and penalty of Rs 112.48 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/infrastructure-general/bharatheavyelectricals/BHE" target="_blank">Bharat Heavy Electricals</a>

DIPAM has not agreed to the proposal for the formation of a joint venture between BHEL and REC Power Development and Consultancy.

<a href="https://www.moneycontrol.com/india/stockpricequote/petrochemicals/supremepetrochem/SP" target="_blank">Supreme Petrochem</a>

The company has commissioned its first line of the ABS project with an installed capacity of 70,000 TPA at its Amdoshi Plant, Maharashtra, with the technical support of Versalis, Italy. The plant commenced production on September 25.

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/amberenterprisesindialimited/AEI01" target="_blank">Amber Enterprises India</a>

A clutch of investors, including Singularity AMC, Axis New Opportunities AIF, Motilal Oswal Financial Services, Nuvama Crossover, Avendus, Incred Wealth, and Frangipani Capital Advisors, invested Rs 550 crore in Amber Enterprises' subsidiary IL JIN Electronics against 8,45,092 compulsorily convertible preference shares. IL JIN Electronics (India) manufactures printed circuit board assemblies (PCBAs) and printed circuit boards (PCBs) for various industries.

<a href="https://www.moneycontrol.com/india/stockpricequote/hotel-resortrestaurants/ventivehospitality/VHL01" target="_blank">Ventive Hospitality</a>

Ventive Hospitality proposed to acquire a 76% stake in Soham Leisure Ventures, marking its entry into Goa's hospitality market. Soham owns the 104 operational keys Hilton Goa Resort and a land parcel in Goa.

Block Deals

<a href="https://www.moneycontrol.com/india/stockpricequote/cables-powerothers/polycabindia/PI44" target="_blank">Polycab India</a>

Promoters — Ajay Jaisinghani, Girdhari Thakurdas Jaisinghani, Ramesh Thakurdas Jaisinghani, Inder Thakurdas Jaisinghani, and others — offloaded 23.3 lakh shares (1.5% stake) at Rs 7,458 per share, for Rs 1,739.7 crore.

However, JP Morgan Fund ICVC was the biggest buyer among investors in Polycab India, acquiring 14.84 lakh shares for Rs 1,107 crore, followed by Morgan Stanley Asia Singapore, which bought 3.64 lakh shares for Rs 272 crore.

Kotak Mahindra Life Insurance Company picked up 1 lakh shares in the FMEG company for Rs 75 crore. Other investors, including Tata Equity Plus Absolute Returns Fund, Societe Generale, ASK Absolute Return Fund, HDFC Standard Life Insurance, and Viridian Asia Opportunities Master Fund, also invested in Polycab India.

<a href="https://www.moneycontrol.com/india/stockpricequote/food-processing/grmoverseas/GRM01" target="_blank">GRM Overseas</a>

Promoters Atul Garg and Mamta Garg sold 16.25 lakh shares (2.6% stake) in GRM at Rs 357 per share for Rs 58.01 crore, to three investors — Nikhil Vora, RG Family Trust, and Singularity Equity Fund I.

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/awfisspacesolutions/ASS01" target="_blank">Awfis Space Solutions</a>

QRG Investments and Holdings offloaded 3.67 lakh shares, or half a percent stake, in Awfis Space Solutions, the flexible workspace solutions provider, at Rs 591.17 per share for Rs 21.72 crore.

As of June 2025, QRG Investments held a 5.07 percent stake in Awfis Space.

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/devaccelerator/DAL02" target="_blank">Dev Accelerator</a>

Amit Ranchhodlal Chokshi has bought an additional 7.5 lakh shares (0.8 percent stake) at Rs 56.03 per share, for Rs 4.2 crore.

Mainboard Listing

Saatvik Green Energy
GK Energy

SME Listing

Siddhi Cotspin

Stocks Trade Ex-Dividend

Spright Agro
West Leisure Resorts
Caspian Corporate Services

Stocks Trade Ex-Date for Rights

3i Infotech
Healthy Life Agritec

Stocks Trade Ex-Bonus

Chandra Prabhu International

Stocks Trade Ex-Date for Split and Bonus

Nazara Technologies

Stocks Trade Ex-Date for Split

PVV Infra
R M Drip and Sprinklers Systems

Stocks in F&amp;O ban

RBL Bank
Sammaan Capital

Stock Out of F&amp;O ban

HFCL

Stocks to Watch Today: Amber Enterprises, RITES, Ceigall India, Polycab, GRM Overseas, Saatvik Green Energy, Ventive Hospitality in focus on 26 September

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

Results Today

Amanta Healthcare, Ashapura Intimates Fashion, and Taaza International will release their quarterly earnings on September 26.

Stocks to Watch

RITES

The company has received a Letter of Award from Talis Logistics, South Africa, for the supply and commissioning of overhauled in-service Cape gauge ALCO diesel-electric locomotives. The order is worth $18 million.

Ceigall India

CIL–JSPPPL, the joint venture between Ceigall India and JSP Projects (JSPPPL), has received a Letter of Award from the Greater Mohali Area Development Authority (GMADA) for the construction of internal roads of Pocket B, C &amp;amp; D of Aerotropolis, SAS Nagar. The project is worth Rs 509.2 crore. Ceigall India and JSP Projects hold 80% and 20% stakes in the joint venture, respectively.

Exide Industries

The company has invested Rs 80 crore in equity shares of its wholly-owned subsidiary, Exide Energy Solutions, on a rights basis, for setting up a greenfield plant at Bengaluru for the manufacturing of lithium-ion battery cells, modules, and pack business. With this investment, the total investment made by the company in the subsidiary stands at Rs 3,882.23 crore. There is no change in the shareholding percentage of the company in the subsidiary post this investment.

Tata Motors

Through a statement on the cyber incident, Jaguar Land Rover (JLR) informed colleagues, suppliers, and retail partners that sections of its digital estate are now up and running. The foundational work of its recovery programme is firmly underway, and the Global Parts Logistics Centre is running at full operations.

Nuvoco Vistas Corporation

The company has received a show cause notice from the Joint Commissioner (Prev), CGST &amp;amp; Central Excise, Raipur, alleging invoicing by carrying and forwarding agents (C&amp;amp;FA) without the supply of cement during the period FY 2019-20 to September 24 of FY 2024-25, and hence demanding tax and penalty of Rs 112.48 crore.

Bharat Heavy Electricals

DIPAM has not agreed to the proposal for the formation of a joint venture between BHEL and REC Power Development and Consultancy.

Supreme Petrochem

The company has commissioned its first line of the ABS project with an installed capacity of 70,000 TPA at its Amdoshi Plant, Maharashtra, with the technical support of Versalis, Italy. The plant commenced production on September 25.

Amber Enterprises India

A clutch of investors, including Singularity AMC, Axis New Opportunities AIF, Motilal Oswal Financial Services, Nuvama Crossover, Avendus, Incred Wealth, and Frangipani Capital Advisors, invested Rs 550 crore in Amber Enterprises' subsidiary IL JIN Electronics against 8,45,092 compulsorily convertible preference shares. IL JIN Electronics (India) manufactures printed circuit board assemblies (PCBAs) and printed circuit boards (PCBs) for various industries.

Ventive Hospitality

Ventive Hospitality proposed to acquire a 76% stake in Soham Leisure Ventures, marking its entry into Goa's hospitality market. Soham owns the 104 operational keys Hilton Goa Resort and a land parcel in Goa.

Block Deals

Polycab India

Promoters — Ajay Jaisinghani, Girdhari Thakurdas Jaisinghani, Ramesh Thakurdas Jaisinghani, Inder Thakurdas Jaisinghani, and others — offloaded 23.3 lakh shares (1.5% stake) at Rs 7,458 per share, for Rs 1,739.7 crore.

However, JP Morgan Fund ICVC was the biggest buyer among investors in Polycab India, acquiring 14.84 lakh shares for Rs 1,107 crore, followed by Morgan Stanley Asia Singapore, which bought 3.64 lakh shares for Rs 272 crore.

Kotak Mahindra Life Insurance Company picked up 1 lakh shares in the FMEG company for Rs 75 crore. Other investors, including Tata Equity Plus Absolute Returns Fund, Societe Generale, ASK Absolute Return Fund, HDFC Standard Life Insurance, and Viridian Asia Opportunities Master Fund, also invested in Polycab India.

GRM Overseas

Promoters Atul Garg and Mamta Garg sold 16.25 lakh shares (2.6% stake) in GRM at Rs 357 per share for Rs 58.01 crore, to three investors — Nikhil Vora, RG Family Trust, and Singularity Equity Fund I.

Awfis Space Solutions

QRG Investments and Holdings offloaded 3.67 lakh shares, or half a percent stake, in Awfis Space Solutions, the flexible workspace solutions provider, at Rs 591.17 per share for Rs 21.72 crore.

As of June 2025, QRG Investments held a 5.07 percent stake in Awfis Space.

Dev Accelerator

Amit Ranchhodlal Chokshi has bought an additional 7.5 lakh shares (0.8 percent stake) at Rs 56.03 per share, for Rs 4.2 crore.

Mainboard Listing

Saatvik Green Energy
GK Energy

SME Listing

Siddhi Cotspin

Stocks Trade Ex-Dividend

Spright Agro
West Leisure Resorts
Caspian Corporate Services

Stocks Trade Ex-Date for Rights

3i Infotech
Healthy Life Agritec

Stocks Trade Ex-Bonus

Chandra Prabhu International

Stocks Trade Ex-Date for Split and Bonus

Nazara Technologies

Stocks Trade Ex-Date for Split

PVV Infra
R M Drip and Sprinklers Systems

Stocks in F&amp;amp;O ban

RBL Bank
Sammaan Capital

Stock Out of F&amp;amp;O ban

HFCL

Promoters sold 1.5 percent stake in Polycab India, the wires and cables manufacturer, to clutch of investors for Rs 1,740 crore via open market transactions on September 25.

<a href="https://www.moneycontrol.com/india/stockpricequote/cables-powerothers/polycabindia/PI44">Polycab India</a> shares fell 1.66 percent to Rs 7,407.5 on Thursday, extending losses for third consecutive session especially after hitting record high on Monday this week.

Promoters - Ajay Jaisinghani, Girdhari Thakurdas Jaisinghani, Ramesh Thakurdas Jaisinghani, Inder Thakurdas Jaisinghani, and others - offloaded 23.3 lakh shares at Rs 7,458 per share, for Rs 1,739.7 crore, as per block deals data available on the exchanges.

JP Morgan Fund ICVC was the biggest buyer among investors participated in the block deals of Polycab India, acquiring 14.84 lakh shares for Rs 1,107 crore, followed by Morgan Stanley Asia Singapore which bought 3.64 lakh shares for Rs 272 crore.

Kotak Mahindra Life Insurance Company picked 1 lakh shares in the FMEG company for Rs 75 crore. Other investors including Tata Equity Plus Absolute Returns Fund, Societe Generale, Ask Absolute Return Fund, HDFC Standard Life Insurance, and Viridian Asia Opportunities Master Fund also invested in Polycab India.

Brisk action was also seen in rice milling company <a href="https://www.moneycontrol.com/india/stockpricequote/food-processing/grmoverseas/GRM01">GRM Overseas</a>'s shares which rose 3.2 percent to Rs 371.35, trading at the upper Bollinger bands, likely due to exchange of large quantity of shares.

Promoters Atul Garg and Mamta Garg sold 16.25 lakh shares (2.6 percent stake) in GRM at Rs 357 per share for Rs 58.01 crore, to three investors - Nikhil Vora, RG Family Trust, and Singularity Equity Fund I.

Meanwhile, QRG Investments and Holdings offloaded 3.67 lakh shares or half a percent stake in <a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/awfisspacesolutions/ASS01">Awfis Space Solutions</a>, the flexible workspace solutions provide at Rs 591.17 per share for Rs 21.72 crore.

As of June 2025, QRG Investments held 5.07 percent stake in Awfis Space. The stock closed half a percent down at Rs 586.30, extending downtrend for fourth straight session.

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/devaccelerator/DAL02">Dev Accelerator</a> shares gained 1.8 percent to close at Rs 55 on the NSE. Amit Ranchhodlal Chokshi has bought additional 7.5 lakh shares (0.8 percent stake) at Rs 56.03 per share, for Rs 4.2 crore.

Polycab India promoters offload 1.5% stake to clutch of investors for Rs 1,740 crore

Promoters sold 1.5 percent stake in Polycab India, the wires and cables manufacturer, to clutch of investors for Rs 1,740 crore via open market transactions on September 25.

Polycab India shares fell 1.66 percent to Rs 7,407.5 on Thursday, extending losses for third consecutive session especially after hitting record high on Monday this week.

Promoters - Ajay Jaisinghani, Girdhari Thakurdas Jaisinghani, Ramesh Thakurdas Jaisinghani, Inder Thakurdas Jaisinghani, and others - offloaded 23.3 lakh shares at Rs 7,458 per share, for Rs 1,739.7 crore, as per block deals data available on the exchanges.

JP Morgan Fund ICVC was the biggest buyer among investors participated in the block deals of Polycab India, acquiring 14.84 lakh shares for Rs 1,107 crore, followed by Morgan Stanley Asia Singapore which bought 3.64 lakh shares for Rs 272 crore.

Kotak Mahindra Life Insurance Company picked 1 lakh shares in the FMEG company for Rs 75 crore. Other investors including Tata Equity Plus Absolute Returns Fund, Societe Generale, Ask Absolute Return Fund, HDFC Standard Life Insurance, and Viridian Asia Opportunities Master Fund also invested in Polycab India.

Brisk action was also seen in rice milling company GRM Overseas's shares which rose 3.2 percent to Rs 371.35, trading at the upper Bollinger bands, likely due to exchange of large quantity of shares.

Promoters Atul Garg and Mamta Garg sold 16.25 lakh shares (2.6 percent stake) in GRM at Rs 357 per share for Rs 58.01 crore, to three investors - Nikhil Vora, RG Family Trust, and Singularity Equity Fund I.

Meanwhile, QRG Investments and Holdings offloaded 3.67 lakh shares or half a percent stake in Awfis Space Solutions, the flexible workspace solutions provide at Rs 591.17 per share for Rs 21.72 crore.

As of June 2025, QRG Investments held 5.07 percent stake in Awfis Space. The stock closed half a percent down at Rs 586.30, extending downtrend for fourth straight session.

Dev Accelerator shares gained 1.8 percent to close at Rs 55 on the NSE. Amit Ranchhodlal Chokshi has bought additional 7.5 lakh shares (0.8 percent stake) at Rs 56.03 per share, for Rs 4.2 crore.

The shares of IT companies extended losses as investors weighed the impact of US President Donald Trump-led administration's recent announcements on H-1B visa.

The sharp fall in the share prices pushed the <a href="https://www.moneycontrol.com/indian-indices/nifty-it-19.html">Nifty IT index</a> down 1.25 percent to 34,557, as seen at 2.50 pm. The index has now fallen more than 6 percent over five consecutive sessions of recording losses so far.

Top IT losers today:

The shares of Tata Consultancy Services (<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/tataconsultancyservices/TCS">TCS</a>) were the top losers on the index, falling more than 2.5 percent to hit a 52-week low of Rs 2,956.90 apiece. <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/persistentsystems/PS15">Persistent Systems</a> and HCL Tech shares fell nearly 2 percent each, while <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/wipro/W">Wipro</a> and Coforge shares were down more than 1 percent each.

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/infosys/IT">Infosys</a>, Mphasis and <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/techmahindra/TM4">Tech Mahindra</a> shares fell nearly 1 percent, while <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/ltimindtree/LI12">LTIMindtree</a> shares were trading in the red with marginal losses.

What has Trump administration proposed?

President Donald Trump-led US administration has proposed to scrap the lottery system and replace it with wage-based selection process for allotting H-1B visas. The new proposal by the Department of Homeland Security aims at bringing in "a weighted selection process that would generally favour the allocation of H-1B visas to higher-skilled and higher-paid aliens, while maintaining the opportunity for employers to secure H-1B workers at all wage levels".

The new process, if finalised, would give heavier weight to applications by employers who pay high wages if annual requests for the visas exceed the statutory limit of 85,000, the notice said as quoted by Reuters. The move aims to better protect Americans from unfair wage competition from foreign workers, it said.

US to hike fee for fresh H-1B visa applications:

This comes after Trump recently announced that the US will introduce a $100,000 fee for fresh H-1B visa applications, an unprecedented increase from the earlier fee range of $215-$5,000, depending on the company size. This move had earlier sent the IT stocks to a spin, after a brief rise following US Federal Reserve's rate cut.

Notably, India was the largest beneficiary of H-1B visas last year, accounting for 71 percent of the approved beneficiaries, while China was a distant second at 11.7 percent, according to government data cited by Reuters.

What analysts say?

The proposal to scrap the lottery system and introduce wage-based selection process could hurt fresher hiring particularly, with startups and Indian IT firms seen as most impacted, says ICICI Securities. The brokerage believes Indian IT companies will partially mitigate it through offshore hiring, local hiring and near shoring.

"IT companies have reduced their dependence on H-1B visas in recent years via local hiring and nearshoring, and the moderation in fresh H-1B visas is a testimony to this. Expect further downtrend from CY25 base in the coming years, in our view. On-site presence is a client requirement, and we do not rule out negotiations by IT companies with clients to bear either partial or full incremental visa costs going forward. There is also a possibility of more offshoring hereon, as only mission critical resources will opt for H-1B. Our sensitivity analysis suggests 5.8%/8.4% worst case impact on earnings for mid-caps/large caps," said Elara Capital.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-25-09-2025-liveblog-13576303.html">Our LIVE blog on stock market updates</a>

(With inputs from Reuters)

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.

IT stocks fall for fifth day on US visa curbs; TCS, HCLTech, Wipro decline up to 2.5%

The shares of IT companies extended losses as investors weighed the impact of US President Donald Trump-led administration's recent announcements on H-1B visa.

The sharp fall in the share prices pushed the Nifty IT index down 1.25 percent to 34,557, as seen at 2.50 pm. The index has now fallen more than 6 percent over five consecutive sessions of recording losses so far.

Top IT losers today:

The shares of Tata Consultancy Services (TCS) were the top losers on the index, falling more than 2.5 percent to hit a 52-week low of Rs 2,956.90 apiece. Persistent Systems and HCL Tech shares fell nearly 2 percent each, while Wipro and Coforge shares were down more than 1 percent each.

Infosys, Mphasis and Tech Mahindra shares fell nearly 1 percent, while LTIMindtree shares were trading in the red with marginal losses.

What has Trump administration proposed?

President Donald Trump-led US administration has proposed to scrap the lottery system and replace it with wage-based selection process for allotting H-1B visas. The new proposal by the Department of Homeland Security aims at bringing in &quot;a weighted selection process that would generally favour the allocation of H-1B visas to higher-skilled and higher-paid aliens, while maintaining the opportunity for employers to secure H-1B workers at all wage levels&quot;.

The new process, if finalised, would give heavier weight to applications by employers who pay high wages if annual requests for the visas exceed the statutory limit of 85,000, the notice said as quoted by Reuters. The move aims to better protect Americans from unfair wage competition from foreign workers, it said.

US to hike fee for fresh H-1B visa applications:

This comes after Trump recently announced that the US will introduce a $100,000 fee for fresh H-1B visa applications, an unprecedented increase from the earlier fee range of $215-$5,000, depending on the company size. This move had earlier sent the IT stocks to a spin, after a brief rise following US Federal Reserve's rate cut.

Notably, India was the largest beneficiary of H-1B visas last year, accounting for 71 percent of the approved beneficiaries, while China was a distant second at 11.7 percent, according to government data cited by Reuters.

What analysts say?

The proposal to scrap the lottery system and introduce wage-based selection process could hurt fresher hiring particularly, with startups and Indian IT firms seen as most impacted, says ICICI Securities. The brokerage believes Indian IT companies will partially mitigate it through offshore hiring, local hiring and near shoring.

&quot;IT companies have reduced their dependence on H-1B visas in recent years via local hiring and nearshoring, and the moderation in fresh H-1B visas is a testimony to this. Expect further downtrend from CY25 base in the coming years, in our view. On-site presence is a client requirement, and we do not rule out negotiations by IT companies with clients to bear either partial or full incremental visa costs going forward. There is also a possibility of more offshoring hereon, as only mission critical resources will opt for H-1B. Our sensitivity analysis suggests 5.8%/8.4% worst case impact on earnings for mid-caps/large caps,&quot; said Elara Capital.

Also read: Our LIVE blog on stock market updates

(With inputs from Reuters)

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.

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