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3% to 5%

Reliance shares fell 4 percent this week, 8 percent in a month, Diesel margin surge may boost Reliance's refining profits, JM Financial maintains buy rating, target price at Rs 1,730

* Reliance shares fell 4 percent this week, 8 percent in a month
* Diesel margin surge may boost Reliance's refining profits
* JM Financial maintains buy rating, target price at Rs 1,730

Reliance Industries shares fell amid Middle East tensions, but JM Financial sees near-term benefits from higher energy prices and diesel margins. Despite risks like windfall tax, the brokerage maintains a buy rating, citing strong digital and EPS growth prospects.

shorts/business/ril-refining-petchem-margins-could-rise-as-oil-prices-climb-jm-financial

* Reliance shares fell 4 percent this week, 8 percent in a month
* Diesel margin surge may boost Reliance's refining profits
* JM Financial maintains buy rating, target price at Rs 1,730

Shares of Reliance Industries Ltd have fallen about 4 percent this week and nearly 8 percent over the past month amid rising geopolitical tensions in the Middle East, though analysts say the company may not be negatively impacted by the recent spike in crude and LNG prices.

According to a recent report by JM Financial, Reliance could in fact see near-term benefits from the rise in energy prices, supported by a jump in diesel refining margins and a potential improvement in petrochemical spreads.

The brokerage noted that diesel cracks have surged to about $35–$42 per barrel over the past two days from around $20 earlier. With diesel accounting for roughly 40–50 percent of the yield at Reliance’s refinery, sustained diesel cracks of around $30 per barrel could lift the company’s gross refining margin by $4–$5 per barrel.

JM Financial estimates that every $1 per barrel increase in Reliance’s gross refining margin could raise annual EBITDA by about Rs 45 billion, or roughly 2.2 percent, while also adding about Rs 29 per share, or 1.7 percent, to the company’s valuation.

However, the brokerage said the current spike in diesel cracks is unlikely to be sustainable. It also highlighted the possibility of government intervention through a windfall tax if margins remain elevated, similar to measures taken after the Russia-Ukraine conflict when the government capped diesel and petrol cracks at about $20 per barrel and imposed a windfall levy on excess margins.

Reliance could also benefit from stronger petrochemical margins. JM Financial said petrochemical product prices typically rise along with crude prices, while feedstock costs for Reliance are less sensitive because the company has limited dependence on crude-linked naphtha.

The company’s petrochemical feedstock mix consists of roughly 25 percent ethane, 50 percent off-gases and about 25 percent crude-linked naphtha, providing some insulation from higher crude costs.

The recent decline in Reliance shares appears largely linked to foreign institutional investor selling. FII ownership stood at 21.1 percent at the end of December 2025 compared with a peak of 28.3 percent at the end of March 2021.

At current market prices, JM Financial said the stock is trading close to its bear-case valuation of Rs 1,275 per share. The brokerage reiterated its buy rating with an unchanged target price of Rs 1,730.

JM Financial said the current share price reflects concerns about near-term weakness in retail EBITDA growth due to investments in quick commerce, but does not fully capture the expected 15–16 percent EBITDA growth in the digital business over the next two to three years, supported by a projected 10–11 percent ARPU CAGR.

The brokerage expects Reliance to deliver EPS growth of about 14–16 percent annually over the next three to five years. Key triggers include the potential IPO of Jio in the coming months, subject to regulatory approval for large IPO norms, and a possible telecom tariff hike afterward.

At current levels, the stock is trading at about 16.8 times FY28 estimated earnings compared with a three-year average of 23.9 times. Its FY28 estimated EV/EBITDA multiple stands at 8.2 times versus a three-year average of 11.9 times, JM Financial said.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Disclaimer: Moneycontrol is part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

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

RIL refining, petchem margins could rise as oil prices climb: JM Financial

Shares of Reliance Industries Ltd have fallen about 4 percent this week and nearly 8 percent over the past month amid rising geopolitical tensions in the Middle East, though analysts say the company may not be negatively impacted by the recent spike in crude and LNG prices.

According to a recent report by JM Financial, Reliance could in fact see near-term benefits from the rise in energy prices, supported by a jump in diesel refining margins and a potential improvement in petrochemical spreads.

The brokerage noted that diesel cracks have surged to about $35–$42 per barrel over the past two days from around $20 earlier. With diesel accounting for roughly 40–50 percent of the yield at Reliance’s refinery, sustained diesel cracks of around $30 per barrel could lift the company’s gross refining margin by $4–$5 per barrel.

JM Financial estimates that every $1 per barrel increase in Reliance’s gross refining margin could raise annual EBITDA by about Rs 45 billion, or roughly 2.2 percent, while also adding about Rs 29 per share, or 1.7 percent, to the company’s valuation.

However, the brokerage said the current spike in diesel cracks is unlikely to be sustainable. It also highlighted the possibility of government intervention through a windfall tax if margins remain elevated, similar to measures taken after the Russia-Ukraine conflict when the government capped diesel and petrol cracks at about $20 per barrel and imposed a windfall levy on excess margins.

Reliance could also benefit from stronger petrochemical margins. JM Financial said petrochemical product prices typically rise along with crude prices, while feedstock costs for Reliance are less sensitive because the company has limited dependence on crude-linked naphtha.

The company’s petrochemical feedstock mix consists of roughly 25 percent ethane, 50 percent off-gases and about 25 percent crude-linked naphtha, providing some insulation from higher crude costs.

The recent decline in Reliance shares appears largely linked to foreign institutional investor selling. FII ownership stood at 21.1 percent at the end of December 2025 compared with a peak of 28.3 percent at the end of March 2021.

At current market prices, JM Financial said the stock is trading close to its bear-case valuation of Rs 1,275 per share. The brokerage reiterated its buy rating with an unchanged target price of Rs 1,730.

JM Financial said the current share price reflects concerns about near-term weakness in retail EBITDA growth due to investments in quick commerce, but does not fully capture the expected 15–16 percent EBITDA growth in the digital business over the next two to three years, supported by a projected 10–11 percent ARPU CAGR.

The brokerage expects Reliance to deliver EPS growth of about 14–16 percent annually over the next three to five years. Key triggers include the potential IPO of Jio in the coming months, subject to regulatory approval for large IPO norms, and a possible telecom tariff hike afterward.

At current levels, the stock is trading at about 16.8 times FY28 estimated earnings compared with a three-year average of 23.9 times. Its FY28 estimated EV/EBITDA multiple stands at 8.2 times versus a three-year average of 11.9 times, JM Financial said.

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

Disclaimer: Moneycontrol is part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Defence stocks rose up to 5 percent as markets rebounded., Bharat Electronics led gains, rising 3.6 percent in Nifty pack., Mazagon Dock rose on news of a major Indian Navy submarine deal.

* Defence stocks rose up to 5 percent as markets rebounded.
* Bharat Electronics led gains, rising 3.6 percent in Nifty pack.
* Mazagon Dock rose on news of a major Indian Navy submarine deal.

Shares of defence firms like Bharat Electronics, Mazagon Dock Shipbuilders, and Hindustan Aeronautics rose as market recovered. Gains were driven by Middle East tensions, value buying, and reports of a major Indian Navy submarine deal with Mazagon Dock.

shorts/business/bel-mazagon-dock-hal-other-defence-shares-rise-up-to-4-middle-east-tensions-two-other-reasons

* Defence stocks rose up to 5 percent as markets rebounded.
* Bharat Electronics led gains, rising 3.6 percent in Nifty pack.
* Mazagon Dock rose on news of a major Indian Navy submarine deal.

Shares of defence companies such as Bharat Electronics, Mazagon Dock Shipbuilders and Hindustan Aeronautics rose up to 10 percent in trade on Thursday as the broader market recovered after three sessions of losses and global equities advanced following recent declines linked to tensions in West Asia.

<a href="https://www.moneycontrol.com/india/stockpricequote/aerospacedefence/bharatelectronics/BE03">Bharat Electronics</a> emerged as the top gainer in the Nifty Defence pack, rising up to 3.6 percent. Shares of <a href="https://www.moneycontrol.com/india/stockpricequote/ship-building/mazagondockshipbuilders/MDS01">Mazagon Dock Shipbuilders</a> and Hindustan Aeronautics also traded higher, gaining up to 5.3 percent and 0.5 percent, respectively.

Out of 18 defence-related stocks tracked, 16 were trading in the green in the Nifty Defence Index, while only two — Cyient DLM and Dynamatic Technologies — were in the red.
<h3>Key triggers</h3>
1) Middle East tensions: Escalating tensions involving Iran, Israel and the United States have renewed interest in defence companies. Heightened geopolitical uncertainty generally increases focus on defence preparedness across countries, which can drive demand for equipment such as missiles, surveillance systems, drones, ammunition and radar systems. This often leads to buying in defence-linked stocks on expectations of higher orders and improved business prospects.

2) Value buying: Traders also pointed to value buying in the sector after stocks declined about 1 percent in the previous session.

3) Buying in ship building shares: Shares of Mazagon Dock Shipbuilders extended gains and were up nearly 10 percent. Reports indicated that the Indian Navy is likely to finalise a deal worth about Rs 99,000 crore for six German submarines from Thyssenkrupp Marine Systems, which are expected to be constructed in Mumbai by Mazagon Dock.

Shares of Cochin Shipyard also rose more than 2 percent on the back of the development.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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.

BEL, Mazagon Dock, HAL, other defence shares rise up to 10%: Middle East tensions, two other reasons

Shares of defence companies such as Bharat Electronics, Mazagon Dock Shipbuilders and Hindustan Aeronautics rose up to 10 percent in trade on Thursday as the broader market recovered after three sessions of losses and global equities advanced following recent declines linked to tensions in West Asia.

Bharat Electronics emerged as the top gainer in the Nifty Defence pack, rising up to 3.6 percent. Shares of Mazagon Dock Shipbuilders and Hindustan Aeronautics also traded higher, gaining up to 5.3 percent and 0.5 percent, respectively.

Out of 18 defence-related stocks tracked, 16 were trading in the green in the Nifty Defence Index, while only two — Cyient DLM and Dynamatic Technologies — were in the red.
Key triggers
1) Middle East tensions: Escalating tensions involving Iran, Israel and the United States have renewed interest in defence companies. Heightened geopolitical uncertainty generally increases focus on defence preparedness across countries, which can drive demand for equipment such as missiles, surveillance systems, drones, ammunition and radar systems. This often leads to buying in defence-linked stocks on expectations of higher orders and improved business prospects.

2) Value buying: Traders also pointed to value buying in the sector after stocks declined about 1 percent in the previous session.

3) Buying in ship building shares: Shares of Mazagon Dock Shipbuilders extended gains and were up nearly 10 percent. Reports indicated that the Indian Navy is likely to finalise a deal worth about Rs 99,000 crore for six German submarines from Thyssenkrupp Marine Systems, which are expected to be constructed in Mumbai by Mazagon Dock.

Shares of Cochin Shipyard also rose more than 2 percent on the back of the development.

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

Shares of <a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-civil/ramkyinfrastructure/RI12">Ramky Infrastructure</a> rose more than 9 percent in the opening trade on March 5 after the company secured an EPC contract worth ₹1,401.84 crore from Maharashtra Industrial Township.

At 09:21am, Ramky Infrastructure was quoting at Rs 470.00, up Rs 39.70, or 9.23 percent, on the BSE.

In an exchange filing, the company said it has entered into an agreement with MITL for EPC-based infrastructure works within the Dighi Port Industrial Area (DPIA) Phase 1 under the Delhi-Mumbai Industrial Corridor (DMIC).

The total contract value stands at ₹1,401.84 crore. The project is scheduled to be completed within 930 days from the appointed date, followed by an Operations and Maintenance (O&amp;M) period of four years from the issuance of the completion certificate. The O&amp;M tenure may be extended by another six years upon mutual agreement between MITL and the company.

MITL is a Special Purpose Vehicle (SPV) formed with equity participation from the Government of India and the Maharashtra State Government for the development of Parcel B of the Dighi Port Industrial Area in Raigad district, Maharashtra.

The scope of work includes end-to-end execution — from design and engineering to construction, testing, commissioning, and performance-based operations.

Ramky Infrastructure said it will execute the project using its in-house engineering, planning, and commissioning expertise, supported by standardized monitoring and delivery systems.

<a href="https://www.moneycontrol.com/news/business/markets/sensex-today-stock-market-today-live-updates-liveblog-13850940.html">Catch all the market action on our live blog</a>

The company had posted 31 percent jump in its December quarter net profit at Rs 78.52 crore from Rs 59.80 crore in December 2024, while revenue rose 6.5 percent at Rs 488.92 crore against Rs 459.09 crore, YoY.

Ramky Infrastructure shares gain 9% on Rs 1,401.84 crore EPC contract win

Shares of Ramky Infrastructure rose more than 9 percent in the opening trade on March 5 after the company secured an EPC contract worth ₹1,401.84 crore from Maharashtra Industrial Township.

At 09:21am, Ramky Infrastructure was quoting at Rs 470.00, up Rs 39.70, or 9.23 percent, on the BSE.

In an exchange filing, the company said it has entered into an agreement with MITL for EPC-based infrastructure works within the Dighi Port Industrial Area (DPIA) Phase 1 under the Delhi-Mumbai Industrial Corridor (DMIC).

The total contract value stands at ₹1,401.84 crore. The project is scheduled to be completed within 930 days from the appointed date, followed by an Operations and Maintenance (O&amp;amp;M) period of four years from the issuance of the completion certificate. The O&amp;amp;M tenure may be extended by another six years upon mutual agreement between MITL and the company.

MITL is a Special Purpose Vehicle (SPV) formed with equity participation from the Government of India and the Maharashtra State Government for the development of Parcel B of the Dighi Port Industrial Area in Raigad district, Maharashtra.

The scope of work includes end-to-end execution — from design and engineering to construction, testing, commissioning, and performance-based operations.

Ramky Infrastructure said it will execute the project using its in-house engineering, planning, and commissioning expertise, supported by standardized monitoring and delivery systems.

Catch all the market action on our live blog

The company had posted 31 percent jump in its December quarter net profit at Rs 78.52 crore from Rs 59.80 crore in December 2024, while revenue rose 6.5 percent at Rs 488.92 crore against Rs 459.09 crore, YoY.

Stocks in Focus on March 5: Hindustan Unilever, Ramky Infrastructure, BSE, GE Shipping, Gujarat Gas, Modis Navnirman, Lloyds Luxuries, Sundram Fasteners, Omnitech Engineering

* Stocks in Focus on March 5: Hindustan Unilever, Ramky Infrastructure, BSE, GE Shipping, Gujarat Gas, Modis Navnirman, Lloyds Luxuries, Sundram Fasteners, Omnitech Engineering

shorts/business/stocks-to-watch-today-hindustan-unilever-ramky-infrastructure-bse-gujarat-gas-sundram-fasteners-omnitech-engineering-in-focus-on-5-march

Let's catch up on the latest news from the stock market. From significant investments to major deals, appointments, and order wins, 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>

Fractal Analytics will announce its quarterly earnings today.

Stocks to Watch

<a href="https://www.moneycontrol.com/india/stockpricequote/personal-care/hindustanunilever/HU" target="_blank">Hindustan Unilever</a>

The company has completed the sale of its entire 19.8 percent shareholding in Nutritionalab for Rs 307 crore.

HUL had earlier, on February 12, intimated about the proposed sale of its entire 19.8 percent stake in Nutritionalab.

<a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-civil/ramkyinfrastructure/RI12" target="_blank">Ramky Infrastructure</a>

The infrastructure company has entered into an agreement with Maharashtra Industrial Township (MITL) for EPC-based infrastructure works within the Dighi Port Industrial Area (DPIA) Phase 1 under the Delhi-Mumbai Industrial Corridor (DMIC). The total contract value stands at Rs 1,401.84 crore.

The project is scheduled to be completed within 930 days from the appointed date.

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/cyient/IE07" target="_blank">Cyient</a>

The National Company Law Tribunal (NCLT), Bengaluru, has admitted the Interlocutory Application filed by Infotech HAL (a 50:50 joint venture between the company and HAL) under the Insolvency and Bankruptcy Code.

The NCLT has ordered the commencement of the liquidation process of Infotech HAL and appointed Vasudevan Gopu as the liquidator.

<a href="https://www.moneycontrol.com/india/stockpricequote/it-servicesconsulting/proteanegovtechnologies/PeTL" target="_blank">Protean eGov Technologies</a>

The Board has approved the appointment of Mitesh Shah as Executive Vice President (Chief Information Officer) of the company, effective March 5.

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/bselimited/B08" target="_blank">BSE</a>

The exchange has received approval from the Securities and Exchange Board of India (SEBI) to launch derivative contracts on the BSE Sensex Next 30 index.

The index tracks the next largest and most liquid companies within the BSE 100 that are part of the derivatives segment but are not constituents of the BSE Sensex 30 index.

<a href="https://www.moneycontrol.com/india/stockpricequote/cables-powerothers/polycabindia/PI44" target="_blank">Polycab India</a>

The company has received a tax demand order worth Rs 327.5 crore from the Office of the Deputy Commissioner of Income Tax, Mumbai.

The assessment order pertains to Assessment Year 2024–25, relevant to Financial Year 2023–24.

<a href="https://www.moneycontrol.com/india/stockpricequote/shipping/greateasternshippingcompany/GES" target="_blank">Great Eastern Shipping Company</a>

The company has contracted to acquire a second-hand Kamsarmax dry bulk carrier of approximately 81,094 dwt on March 4.

The 2014 Japanese-built vessel is expected to join the company’s fleet by Q1 FY27.

<a href="https://www.moneycontrol.com/india/stockpricequote/oil-drillingexploration/gujaratgas/GGC" target="_blank">Gujarat Gas</a>

In light of the ongoing war in the Middle East impacting the gas supply scenario, the availability of R-LNG has become severely constrained.

The company has issued Force Majeure notices to its industrial customers, in accordance with the provisions of the Gas Supply Agreements, restricting the daily contracted quantity effective March 6.

Acts of war are not covered under the insurance policy taken by Gujarat Gas. The likely impact of the Force Majeure event, which is currently ongoing, cannot be estimated at this point. The company is closely monitoring developments.

<a href="https://www.moneycontrol.com/india/stockpricequote/construction-real-estate/modisnavnirman/MN" target="_blank">Modis Navnirman</a>

The company has announced its appointment as the developer for the redevelopment of New Chitra Co-operative Housing Society, a landmark high-rise tower.

With a land parcel of 2,300 square meters, the project is expected to generate an estimated gross development value (GDV) of approximately Rs 160 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/castingsforgings/bharatforge/BF03" target="_blank">Bharat Forge</a>

The Board has approved the raising of funds up to Rs 800 crore through an unsecured rupee term loan.

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/lloydsluxuries/LL06" target="_blank">Lloyds Luxuries</a>

Sushant Mishra, the Chief Financial Officer, has received a summons dated February 27 from SEBI regarding the accounting treatment of certain expenditures.

SEBI is conducting an investigation in relation to the accounting treatment of certain expenditures, financial statements, and related matters to examine compliance with applicable securities laws.

Bulk Deals

<a href="https://www.moneycontrol.com/india/stockpricequote/fasteners/sundramfasteners/SF23" target="_blank">Sundram Fasteners</a>

HDFC Mutual Fund sold 20.5 lakh shares in Sundram Fasteners at Rs 831.97 per share and 22.48 lakh shares at Rs 832.36 per share, amounting to 2.04 percent of the paid-up equity, valued at Rs 357.66 crore.

As of December 2025, HDFC Mutual Fund, through the HDFC NIFTY500 Multicap 50:25:25 Index Fund, held a 7.62 percent equity stake in the TVS Group company.

<a href="https://www.moneycontrol.com/india/stockpricequote/diamondjewellery/pngsrevadiamondjewellery/PRD" target="_blank">PNGS Reva Diamond Jewellery</a>

The Asio Fund VCC–Sub Fund 4 and Vikasa India EIF I Fund – Share Class P each sold 2.36 lakh shares in Reva Diamonds (0.74 percent stake each) for Rs 8.87 crore.

The selling price for these shares was Rs 375 per share.

Mainboard Listing

Omnitech Engineering

SME Listing

Yaap Digital

Stock Trades Ex-Date for Split

Aqylon Nexus

Stock Trades Ex-Rights

Nexome Capital Markets

Stocks in F&amp;O ban

SAIL
Sammaan Capital

Stocks to Watch Today: Hindustan Unilever, Ramky Infrastructure, BSE, Gujarat Gas, Sundram Fasteners, Omnitech Engineering in focus on 5 March

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

Results Today

Fractal Analytics will announce its quarterly earnings today.

Stocks to Watch

Hindustan Unilever

The company has completed the sale of its entire 19.8 percent shareholding in Nutritionalab for Rs 307 crore.

HUL had earlier, on February 12, intimated about the proposed sale of its entire 19.8 percent stake in Nutritionalab.

Ramky Infrastructure

The infrastructure company has entered into an agreement with Maharashtra Industrial Township (MITL) for EPC-based infrastructure works within the Dighi Port Industrial Area (DPIA) Phase 1 under the Delhi-Mumbai Industrial Corridor (DMIC). The total contract value stands at Rs 1,401.84 crore.

The project is scheduled to be completed within 930 days from the appointed date.

Cyient

The National Company Law Tribunal (NCLT), Bengaluru, has admitted the Interlocutory Application filed by Infotech HAL (a 50:50 joint venture between the company and HAL) under the Insolvency and Bankruptcy Code.

The NCLT has ordered the commencement of the liquidation process of Infotech HAL and appointed Vasudevan Gopu as the liquidator.

Protean eGov Technologies

The Board has approved the appointment of Mitesh Shah as Executive Vice President (Chief Information Officer) of the company, effective March 5.

BSE

The exchange has received approval from the Securities and Exchange Board of India (SEBI) to launch derivative contracts on the BSE Sensex Next 30 index.

The index tracks the next largest and most liquid companies within the BSE 100 that are part of the derivatives segment but are not constituents of the BSE Sensex 30 index.

Polycab India

The company has received a tax demand order worth Rs 327.5 crore from the Office of the Deputy Commissioner of Income Tax, Mumbai.

The assessment order pertains to Assessment Year 2024–25, relevant to Financial Year 2023–24.

Great Eastern Shipping Company

The company has contracted to acquire a second-hand Kamsarmax dry bulk carrier of approximately 81,094 dwt on March 4.

The 2014 Japanese-built vessel is expected to join the company’s fleet by Q1 FY27.

Gujarat Gas

In light of the ongoing war in the Middle East impacting the gas supply scenario, the availability of R-LNG has become severely constrained.

The company has issued Force Majeure notices to its industrial customers, in accordance with the provisions of the Gas Supply Agreements, restricting the daily contracted quantity effective March 6.

Acts of war are not covered under the insurance policy taken by Gujarat Gas. The likely impact of the Force Majeure event, which is currently ongoing, cannot be estimated at this point. The company is closely monitoring developments.

Modis Navnirman

The company has announced its appointment as the developer for the redevelopment of New Chitra Co-operative Housing Society, a landmark high-rise tower.

With a land parcel of 2,300 square meters, the project is expected to generate an estimated gross development value (GDV) of approximately Rs 160 crore.

Bharat Forge

The Board has approved the raising of funds up to Rs 800 crore through an unsecured rupee term loan.

Lloyds Luxuries

Sushant Mishra, the Chief Financial Officer, has received a summons dated February 27 from SEBI regarding the accounting treatment of certain expenditures.

SEBI is conducting an investigation in relation to the accounting treatment of certain expenditures, financial statements, and related matters to examine compliance with applicable securities laws.

Bulk Deals

Sundram Fasteners

HDFC Mutual Fund sold 20.5 lakh shares in Sundram Fasteners at Rs 831.97 per share and 22.48 lakh shares at Rs 832.36 per share, amounting to 2.04 percent of the paid-up equity, valued at Rs 357.66 crore.

As of December 2025, HDFC Mutual Fund, through the HDFC NIFTY500 Multicap 50:25:25 Index Fund, held a 7.62 percent equity stake in the TVS Group company.

PNGS Reva Diamond Jewellery

The Asio Fund VCC–Sub Fund 4 and Vikasa India EIF I Fund – Share Class P each sold 2.36 lakh shares in Reva Diamonds (0.74 percent stake each) for Rs 8.87 crore.

The selling price for these shares was Rs 375 per share.

Mainboard Listing

Omnitech Engineering

SME Listing

Yaap Digital

Stock Trades Ex-Date for Split

Aqylon Nexus

Stock Trades Ex-Rights

Nexome Capital Markets

Stocks in F&amp;amp;O ban

SAIL
Sammaan Capital

HDFC Mutual Fund sells shares worth Rs 358 crore in Sundram Fasteners, Asio Fund VCC-Sub Fund 4, Vikasa India EIF I Fund - Share Class P sell 1.49% stake in Reva Diamonds, Indian Infotech and Software sells 40 lakh shares in Akme Fintrade

* HDFC Mutual Fund sells shares worth Rs 358 crore in Sundram Fasteners
* Asio Fund VCC-Sub Fund 4, Vikasa India EIF I Fund - Share Class P sell 1.49% stake in Reva Diamonds
* Indian Infotech and Software sells 40 lakh shares in Akme Fintrade

shorts/business/hdfc-mutual-fund-sells-shares-worth-rs-358-crore-in-sundram-fasteners

* HDFC Mutual Fund sells shares worth Rs 358 crore in Sundram Fasteners
* Asio Fund VCC-Sub Fund 4, Vikasa India EIF I Fund - Share Class P sell 1.49% stake in Reva Diamonds
* Indian Infotech and Software sells 40 lakh shares in Akme Fintrade

HDFC Mutual Fund on March 4 has offloaded over 2 percent equity stake in Sundram Fasteners that makes precision components for the automotive, infrastructure, windmill and aviation sectors, for nearly Rs 358 crore via open market transactions.

Sundram Fasteners shares declined 1.3 percent to finish the session at Rs 835.9 amid high volumes on the NSE. The stock has been under pressure for sixth straight day.

HDFC Mutual Fund sold 20.5 lakh shares in <a href="https://www.moneycontrol.com/india/stockpricequote/fasteners/sundramfasteners/SF23">Sundram Fasteners</a> at Rs 831.97 per share, and 22.48 lakh shares at Rs 832.36 per share, which is equivalent to 2.04 percent of paid-up equity valued at Rs 357.66 crore.

As of December 2025, HDFC Mutual Fund through HDFC NIFTY500 Multicap 50:25:25 Index Fund held 7.62 percent equity stake in the TVS Group company.

The brisk action was also seen in <a href="https://www.moneycontrol.com/india/stockpricequote/diamondjewellery/pngsrevadiamondjewellery/PRD">PNGS Reva Diamond Jewellery</a>, which outperformed the falling market, rising 6.66 percent to Rs 411.7 on the NSE despite institutional investors offloading 1.49 percent stake on its listing day today.

The Asio Fund VCC-Sub Fund 4, and Vikasa India EIF I Fund - Share Class P each sold 2.36 lakh shares in Reva Diamonds (0.74 percent stake each) for Rs 8.87 crore. The selling price for these shares was Rs 375 per share.

Meanwhile, Subhash Phootarmal Rathod has acquired 46 lakh shares in <a href="https://www.moneycontrol.com/india/stockpricequote/finance-investment/akmefintradeindia/AFIL">Akme Fintrade (India)</a> at Rs 7.24 per share for Rs 3.33 crore, however, Indian Infotech and Software sold 40 lakh shares at Rs 7.25 per share, valued at Rs 2.9 crore. Both are already investors in the company, holding 3.6 percent, and 1.12 percent stake, respectively.

<img class="alignnone size-full wp-image-13850896 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/03/20260304193406_Image1504032026.jpg" alt="Image1504032026" width="700" height="994" />

HDFC Mutual Fund sells shares worth Rs 358 crore in Sundram Fasteners

HDFC Mutual Fund on March 4 has offloaded over 2 percent equity stake in Sundram Fasteners that makes precision components for the automotive, infrastructure, windmill and aviation sectors, for nearly Rs 358 crore via open market transactions.

Sundram Fasteners shares declined 1.3 percent to finish the session at Rs 835.9 amid high volumes on the NSE. The stock has been under pressure for sixth straight day.

HDFC Mutual Fund sold 20.5 lakh shares in Sundram Fasteners at Rs 831.97 per share, and 22.48 lakh shares at Rs 832.36 per share, which is equivalent to 2.04 percent of paid-up equity valued at Rs 357.66 crore.

As of December 2025, HDFC Mutual Fund through HDFC NIFTY500 Multicap 50:25:25 Index Fund held 7.62 percent equity stake in the TVS Group company.

The brisk action was also seen in PNGS Reva Diamond Jewellery, which outperformed the falling market, rising 6.66 percent to Rs 411.7 on the NSE despite institutional investors offloading 1.49 percent stake on its listing day today.

The Asio Fund VCC-Sub Fund 4, and Vikasa India EIF I Fund - Share Class P each sold 2.36 lakh shares in Reva Diamonds (0.74 percent stake each) for Rs 8.87 crore. The selling price for these shares was Rs 375 per share.

Meanwhile, Subhash Phootarmal Rathod has acquired 46 lakh shares in Akme Fintrade (India) at Rs 7.24 per share for Rs 3.33 crore, however, Indian Infotech and Software sold 40 lakh shares at Rs 7.25 per share, valued at Rs 2.9 crore. Both are already investors in the company, holding 3.6 percent, and 1.12 percent stake, respectively.

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Stocks to Watch Today: Hindustan Unilever, Ramky Infrastructure, BSE, Gujarat Gas, Sundram Fasteners, Omnitech Engineering in focus on 5 March

HDFC Mutual Fund sells shares worth Rs 358 crore in Sundram Fasteners

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

Gainers/Losers

Industry Market Map

Earnings Review-Q3 FY25-26

Stock News

RIL refining, petchem margins could rise as oil prices climb: JM Financial

BEL, Mazagon Dock, HAL, other defence shares rise up to 10%: Middle East tensions, two other reasons

Ramky Infrastructure shares gain 9% on Rs 1,401.84 crore EPC contract win

Stocks to Watch Today: Hindustan Unilever, Ramky Infrastructure, BSE, Gujarat Gas, Sundram Fasteners, Omnitech Engineering in focus on 5 March

HDFC Mutual Fund sells shares worth Rs 358 crore in Sundram Fasteners

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