< -5%

Refex Ind

-5% to -3%

GAIL

National Oxygen

Adani Total Gas

Gujarat Gas

Mahanagar Gas

-3% to 0%

Bhagwati Oxygen

Bombay Oxygen 

0% to 3%

Kabsons Ind

Gagan Gases

3% to 5%

Stocks in Focus on Jan 9: Elecon Engineering, Bajaj Finserv, Bharat Forge, Astra Microwave Products, Waaree Renewable Technologies, Andhra Cements, Rail Vikas Nigam, Bharat Electronics, Bharat Heavy Electricals, Highway Infrastructure

shorts/business/stocks-to-watch-today-bhel-bajaj-finserv-bharat-forge-rail-vikas-nigam-bharat-electronics-power-grid-highway-infra-elecon-engg-in-focus-on-9-january

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, 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>

Indian Renewable Energy Development Agency, Tejas Networks, and Globus Spirits will release their quarterly earnings today.

<a href="https://www.moneycontrol.com/markets/earnings/" target="_blank">Results on January 10</a>

Avenue Supermarts, Gretex Corporate Services, Gayatri Projects, and Hawa Engineers will announce their quarterly numbers on January 10.

<a href="https://www.moneycontrol.com/markets/earnings/" target="_blank">Quarterly Earnings</a>

<a href="https://www.moneycontrol.com/india/stockpricequote/engineering-heavy/eleconengineeringcompany/EEC" target="_blank">Elecon Engineering Company</a> Q3 (Consolidated YoY)

Profit falls 33% to Rs 72 crore Vs Rs 107.5 crore

Revenue rises 4.3% to Rs 551.7 crore Vs Rs 528.9 crore

Narasimhan Raghunathan resigns as Chief Financial Officer (CFO) effective January 31

Monthly Sales Volume

<a href="https://www.moneycontrol.com/india/stockpricequote/automobile-truckslcvs/smlmahindra/SM" target="_blank">SML Mahindra</a> (December YoY)

Commercial vehicle sales soar 76.9% to 1,019 units Vs 576 units

Commercial vehicle production zooms 39.1% to 1,455 units Vs 1,046 units

Stocks to Watch

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-investments/bajajfinserv/BF04" target="_blank">Bajaj Finserv</a>

Bajaj Finserv announced the successful completion of the acquisition, together with Bajaj Holdings &amp; Investment and Jamnalal Sons, of a 23% stake in its insurance subsidiaries—Bajaj General Insurance and Bajaj Life Insurance—from Allianz SE for Rs 12,190 crore and Rs 9,200 crore, respectively.

The acquisition increased the Bajaj Group’s ownership in both insurance companies to 97% from 74%, giving Bajaj Finserv complete control of the insurance companies with a 75.01% stake.

The transfer of Allianz’s remaining 3% stake is expected to be completed over the next few months through a proposed buyback of shares by the insurance companies. If the buyback is completed, Bajaj Finserv’s stake is expected to rise to approximately 77.3%, with Bajaj Holdings &amp; Investment holding approximately 18.1%, while the balance will be held by Jamnalal Sons.

<a href="https://www.moneycontrol.com/india/stockpricequote/castingsforgings/bharatforge/BF03" target="_blank">Bharat Forge</a>

Bharat Forge has signed an MoU with Germany-based Agile Robots SE to jointly explore the space of AI-driven robotics and intelligent industrial automation.

<a href="https://www.moneycontrol.com/india/stockpricequote/defence/astramicrowaveproducts/AMP01" target="_blank">Astra Microwave Products</a>

Astra Rafael Comsys, the joint venture company, has received an order worth Rs 275.27 crore from the Indian Air Force for the integration of Software Defined Radio (SDR) on MiG-29 aircraft, installation of Network Centric Application (NCO) on MiG-29 aircraft, and procurement of 24 SDRs for LCA Mk-1A aircraft.

<a href="https://www.moneycontrol.com/india/stockpricequote/renewables/waareerenewabletechnologies/SA04" target="_blank">Waaree Renewable Technologies</a>

The company has received a Letter of Award for a revised project capacity of 704 MWac / 1,000 MWp. The commercial order value has been reduced from Rs 1,252.43 crore to Rs 1,039.60 crore, resulting in a reduction of Rs 212.83 crore. All other terms of the project remain unchanged.

<a href="https://www.moneycontrol.com/india/stockpricequote/cement-major/andhracement/AC16" target="_blank">Andhra Cements</a>

Promoter <a href="https://www.moneycontrol.com/india/stockpricequote/cement-mini/sagarcements/SC27" target="_blank">Sagar Cements</a> will sell up to 75 lakh equity shares of Andhra Cements (representing 8.14% of the total paid-up equity) via an offer-for-sale from January 9–12 to comply with minimum public shareholding norms. The floor price for the offer has been fixed at Rs 72 per share.

<a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-real-estate/prestigeestatesprojects/PEP02" target="_blank">Prestige Estates Projects</a>

Prestige Group, through Canopy Living LLP—a joint venture between Prestige Estates Projects and Arihant Foundations &amp; Housing—has signed an Agreement to Sell for the purchase of a land parcel measuring 16.381 acres at Padi, Chennai.

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/railvikasnigam/RVN" target="_blank">Rail Vikas Nigam</a>

The company has received a Letter of Acceptance (LoA) from East Coast Railway for setting up a wagon POH workshop with a capacity of 200 numbers at Kantabanji. The project cost is Rs 201.2 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/nhpc/N07" target="_blank">NHPC</a>

The Board has approved fund-raising of up to Rs 2,000 crore through the issuance of non-convertible, non-cumulative AH-Series bonds in one or more tranches via private placement, as part of the borrowing plan for FY26.

<a href="https://www.moneycontrol.com/india/stockpricequote/consumer-food/devyaniinternational/DI06" target="_blank">Devyani International</a>

The company’s subsidiary, Sky Gate Hospitality, has completed the sale of its entire 51% equity stake in Peanutbutter and Jelly to Heritage Foods. Consequently, Peanutbutter and Jelly has ceased to be a subsidiary of Sky Gate Hospitality and a step-down subsidiary of the company with immediate effect.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-general/ugrocapital/CS08" target="_blank">Ugro Capital</a>

The Board has approved the Scheme of Amalgamation of its subsidiary, Profectus Capital, with the company, along with their respective shareholders and creditors.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/morepenlaboratories/ML06" target="_blank">Morepen Laboratories</a>

The High Court of Himachal Pradesh has granted a stay on the Show Cause Notice issued by the Central GST &amp; Central Excise Commissionerate, Shimla, which demanded tax of Rs 118 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/aerospacedefence/bharatelectronics/BE03" target="_blank">Bharat Electronics</a>

The company has received additional orders worth Rs 596 crore since January 1. Major orders include drone detection and jamming systems, mobile communication terminals, software solutions, upgrades, spares, and services.

<a href="https://www.moneycontrol.com/india/stockpricequote/infrastructure-general/bharatheavyelectricals/BHE" target="_blank">Bharat Heavy Electricals</a>

BHEL has received an order worth Rs 5,400 crore from Bharat Coal Gasification and Chemicals (BCGCL) for the coal gasification and raw syngas cleaning plant (LSTK-1 package) of BCGCL’s coal-to-2,000 TPD ammonium nitrate project at Lakhanpur, Odisha.

BCGCL is a joint venture between BHEL and Coal India in a 49:51 ratio.

<a href="https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/powergridcorporationindia/PGC" target="_blank">Power Grid Corporation of India</a>

The company has been declared the successful bidder to establish an Inter-State Transmission System in Karnataka. The project involves transmission system strengthening for the integration of additional renewable energy project potential at Davanagere (0.25 GW) and Bellary (2.75 GW) on a Build, Own, Operate, and Transfer (BOOT) basis. The project includes a 400 kV double-circuit transmission line traversing Karnataka.

<a href="https://www.moneycontrol.com/india/stockpricequote/transport-infrastructure/highwayinfrastructure/H03" target="_blank">Highway Infrastructure</a>

The company has entered into a Contract Agreement with NHAI for the execution of operations at the Kaza Fee Plaza on the Chilakaluripet–Vijayawada section of NH-16 in Andhra Pradesh. The company is scheduled to take over the fee plaza on January 23.

<a href="https://www.moneycontrol.com/india/stockpricequote/refineries/relianceindustries/RI" target="_blank">Reliance Industries</a>

A meeting of the Board of Directors of the company is scheduled for January 16 to consider the standalone and consolidated unaudited financial results for the quarter and nine months ended December 2025.

Bulk Deals

<a href="https://www.moneycontrol.com/india/stockpricequote/householdpersonal-products/marutiinteriorproducts/MIP02" target="_blank">Maruti Interior Products</a>

Unicorn Fund has acquired 95,000 equity shares in Maruti Interior Products at Rs 211.02 per share for Rs 2 crore, while Greenx Wealth Multihorizons Opportunity Fund acquired 1.25 lakh shares at Rs 208 per share for Rs 2.6 crore, together accounting for 1.45% of the company’s paid-up equity.

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries/kross/KL01" target="_blank">Kross</a>

NV Alpha Fund Management has purchased 3.25 lakh shares, representing a 0.5% stake in Kross, at Rs 217.26 per share for Rs 7.06 crore.

Stock Trades Ex-Date for Rights

Viram Suvarn

Stock Trades Ex-Date for Bonus

Antariksh Industries

Stock Trades Ex-Date for Income Distribution (InvIT)

Energy Infrastructure Trust

Stocks in F&amp;O ban

Sammaan Capital
SAIL

Disclaimer: MoneyControl is a 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

Stocks to Watch Today: BHEL, Bajaj Finserv, Bharat Forge, Rail Vikas Nigam, Bharat Electronics, Power Grid, Highway Infra, Elecon Engg in focus on 9 January

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

Results Today

Indian Renewable Energy Development Agency, Tejas Networks, and Globus Spirits will release their quarterly earnings today.

Results on January 10

Avenue Supermarts, Gretex Corporate Services, Gayatri Projects, and Hawa Engineers will announce their quarterly numbers on January 10.

Quarterly Earnings

Elecon Engineering Company Q3 (Consolidated YoY)

Profit falls 33% to Rs 72 crore Vs Rs 107.5 crore

Revenue rises 4.3% to Rs 551.7 crore Vs Rs 528.9 crore

Narasimhan Raghunathan resigns as Chief Financial Officer (CFO) effective January 31

Monthly Sales Volume

SML Mahindra (December YoY)

Commercial vehicle sales soar 76.9% to 1,019 units Vs 576 units

Commercial vehicle production zooms 39.1% to 1,455 units Vs 1,046 units

Stocks to Watch

Bajaj Finserv

Bajaj Finserv announced the successful completion of the acquisition, together with Bajaj Holdings &amp;amp; Investment and Jamnalal Sons, of a 23% stake in its insurance subsidiaries—Bajaj General Insurance and Bajaj Life Insurance—from Allianz SE for Rs 12,190 crore and Rs 9,200 crore, respectively.

The acquisition increased the Bajaj Group’s ownership in both insurance companies to 97% from 74%, giving Bajaj Finserv complete control of the insurance companies with a 75.01% stake.

The transfer of Allianz’s remaining 3% stake is expected to be completed over the next few months through a proposed buyback of shares by the insurance companies. If the buyback is completed, Bajaj Finserv’s stake is expected to rise to approximately 77.3%, with Bajaj Holdings &amp;amp; Investment holding approximately 18.1%, while the balance will be held by Jamnalal Sons.

Bharat Forge

Bharat Forge has signed an MoU with Germany-based Agile Robots SE to jointly explore the space of AI-driven robotics and intelligent industrial automation.

Astra Microwave Products

Astra Rafael Comsys, the joint venture company, has received an order worth Rs 275.27 crore from the Indian Air Force for the integration of Software Defined Radio (SDR) on MiG-29 aircraft, installation of Network Centric Application (NCO) on MiG-29 aircraft, and procurement of 24 SDRs for LCA Mk-1A aircraft.

Waaree Renewable Technologies

The company has received a Letter of Award for a revised project capacity of 704 MWac / 1,000 MWp. The commercial order value has been reduced from Rs 1,252.43 crore to Rs 1,039.60 crore, resulting in a reduction of Rs 212.83 crore. All other terms of the project remain unchanged.

Andhra Cements

Promoter Sagar Cements will sell up to 75 lakh equity shares of Andhra Cements (representing 8.14% of the total paid-up equity) via an offer-for-sale from January 9–12 to comply with minimum public shareholding norms. The floor price for the offer has been fixed at Rs 72 per share.

Prestige Estates Projects

Prestige Group, through Canopy Living LLP—a joint venture between Prestige Estates Projects and Arihant Foundations &amp;amp; Housing—has signed an Agreement to Sell for the purchase of a land parcel measuring 16.381 acres at Padi, Chennai.

Rail Vikas Nigam

The company has received a Letter of Acceptance (LoA) from East Coast Railway for setting up a wagon POH workshop with a capacity of 200 numbers at Kantabanji. The project cost is Rs 201.2 crore.

NHPC

The Board has approved fund-raising of up to Rs 2,000 crore through the issuance of non-convertible, non-cumulative AH-Series bonds in one or more tranches via private placement, as part of the borrowing plan for FY26.

Devyani International

The company’s subsidiary, Sky Gate Hospitality, has completed the sale of its entire 51% equity stake in Peanutbutter and Jelly to Heritage Foods. Consequently, Peanutbutter and Jelly has ceased to be a subsidiary of Sky Gate Hospitality and a step-down subsidiary of the company with immediate effect.

Ugro Capital

The Board has approved the Scheme of Amalgamation of its subsidiary, Profectus Capital, with the company, along with their respective shareholders and creditors.

Morepen Laboratories

The High Court of Himachal Pradesh has granted a stay on the Show Cause Notice issued by the Central GST &amp;amp; Central Excise Commissionerate, Shimla, which demanded tax of Rs 118 crore.

Bharat Electronics

The company has received additional orders worth Rs 596 crore since January 1. Major orders include drone detection and jamming systems, mobile communication terminals, software solutions, upgrades, spares, and services.

Bharat Heavy Electricals

BHEL has received an order worth Rs 5,400 crore from Bharat Coal Gasification and Chemicals (BCGCL) for the coal gasification and raw syngas cleaning plant (LSTK-1 package) of BCGCL’s coal-to-2,000 TPD ammonium nitrate project at Lakhanpur, Odisha.

BCGCL is a joint venture between BHEL and Coal India in a 49:51 ratio.

Power Grid Corporation of India

The company has been declared the successful bidder to establish an Inter-State Transmission System in Karnataka. The project involves transmission system strengthening for the integration of additional renewable energy project potential at Davanagere (0.25 GW) and Bellary (2.75 GW) on a Build, Own, Operate, and Transfer (BOOT) basis. The project includes a 400 kV double-circuit transmission line traversing Karnataka.

Highway Infrastructure

The company has entered into a Contract Agreement with NHAI for the execution of operations at the Kaza Fee Plaza on the Chilakaluripet–Vijayawada section of NH-16 in Andhra Pradesh. The company is scheduled to take over the fee plaza on January 23.

Reliance Industries

A meeting of the Board of Directors of the company is scheduled for January 16 to consider the standalone and consolidated unaudited financial results for the quarter and nine months ended December 2025.

Bulk Deals

Maruti Interior Products

Unicorn Fund has acquired 95,000 equity shares in Maruti Interior Products at Rs 211.02 per share for Rs 2 crore, while Greenx Wealth Multihorizons Opportunity Fund acquired 1.25 lakh shares at Rs 208 per share for Rs 2.6 crore, together accounting for 1.45% of the company’s paid-up equity.

Kross

NV Alpha Fund Management has purchased 3.25 lakh shares, representing a 0.5% stake in Kross, at Rs 217.26 per share for Rs 7.06 crore.

Stock Trades Ex-Date for Rights

Viram Suvarn

Stock Trades Ex-Date for Bonus

Antariksh Industries

Stock Trades Ex-Date for Income Distribution (InvIT)

Energy Infrastructure Trust

Stocks in F&amp;amp;O ban

Sammaan Capital
SAIL

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

Unicorn Fund, Greenx Wealth Multihorizons Opportunity Fund buy over 1.4% stake in Maruti Interior Products, NV Alpha Fund Management acquires 0.5% stake in Kross

* Unicorn Fund, Greenx Wealth Multihorizons Opportunity Fund buy over 1.4% stake in Maruti Interior Products
* NV Alpha Fund Management acquires 0.5% stake in Kross

shorts/business/unicorn-fund-greenx-wealth-multihorizons-opportunity-fund-pick-up-over-1-4-stake-in-maruti-interior-products

* Unicorn Fund, Greenx Wealth Multihorizons Opportunity Fund buy over 1.4% stake in Maruti Interior Products
* NV Alpha Fund Management acquires 0.5% stake in Kross

Unicorn Fund, and Greenx Wealth Multihorizons Opportunity Fund have acquired more than 1.4 percent equity stake in Maruti Interior Products, the Rajkot-based wire shelving and refrigerator wire shelves manufacturer, via open market transactions on January 8.

Despite big stake acquisition, <a href="https://www.moneycontrol.com/india/stockpricequote/householdpersonal-products/marutiinteriorproducts/MIP02">Maruti Interior Products</a> shares closed lower at Rs 209.65 on the BSE, down 0.78 percent amid high volumes.

Unicorn Fund has acquired 95,000 equity shares in Maruti Interior Products at Rs 211.02 per share for Rs 2 crore, while Greenx Wealth Multihorizons Opportunity Fund picked up 1.25 lakh shares at Rs 208 per share for Rs 2.6 crore, totalling to 1.45 percent of its paid-up equity.

Meanwhile, Deep Diamond India has acquired 25 lakh shares (0.55 percent stake) in <a href="https://www.moneycontrol.com/india/stockpricequote/ceramicsmarblegranitesanitaryware/exxarotiles/ET02">Exxaro Tiles</a> at Rs 7.85 per share, for Rs 1.96 crore, while NV Alpha Fund Management has bought 3.25 lakh shares (half a percent stake) in <a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries/kross/KL01">Kross</a>, the forging components maker, at Rs 217.26 per share for Rs 7.06 crore.

Exxaro Tiles shares fell 0.89 percent to finish at Rs 7.83 on the NSE, while Kross stock rose 1.14 percent to Rs 211.96.

Unicorn Fund, Greenx Wealth Multihorizons Opportunity Fund pick up over 1.4% stake in Maruti Interior Products

Unicorn Fund, and Greenx Wealth Multihorizons Opportunity Fund have acquired more than 1.4 percent equity stake in Maruti Interior Products, the Rajkot-based wire shelving and refrigerator wire shelves manufacturer, via open market transactions on January 8.

Despite big stake acquisition, Maruti Interior Products shares closed lower at Rs 209.65 on the BSE, down 0.78 percent amid high volumes.

Unicorn Fund has acquired 95,000 equity shares in Maruti Interior Products at Rs 211.02 per share for Rs 2 crore, while Greenx Wealth Multihorizons Opportunity Fund picked up 1.25 lakh shares at Rs 208 per share for Rs 2.6 crore, totalling to 1.45 percent of its paid-up equity.

Meanwhile, Deep Diamond India has acquired 25 lakh shares (0.55 percent stake) in Exxaro Tiles at Rs 7.85 per share, for Rs 1.96 crore, while NV Alpha Fund Management has bought 3.25 lakh shares (half a percent stake) in Kross, the forging components maker, at Rs 217.26 per share for Rs 7.06 crore.

Exxaro Tiles shares fell 0.89 percent to finish at Rs 7.83 on the NSE, while Kross stock rose 1.14 percent to Rs 211.96.

BHEL shares dropped 10% on reports of relaxed curbs on Chinese firms in India., Finance ministry may lift restrictions on Chinese bidders for government contracts, Siemens, Hitachi Energy, ABB India, and L&T shares also declined after the news

* BHEL shares dropped 10% on reports of relaxed curbs on Chinese firms in India.
* Finance ministry may lift restrictions on Chinese bidders for government contracts
* Siemens, Hitachi Energy, ABB India, and L&T shares also declined after the news

BHEL shares fell 10% after reports that India may scrap curbs on Chinese firms bidding for government contracts, aiming to revive commercial ties. Siemens, Hitachi Energy, ABB India, and L&T shares also dropped on concerns over increased competition.

shorts/business/bhel-hits-10-lower-circuit-as-report-says-india-plans-to-scrap-curbs-on-chinese-firms-bidding-for-govt-contracts

* BHEL shares dropped 10% on reports of relaxed curbs on Chinese firms in India.
* Finance ministry may lift restrictions on Chinese bidders for government contracts
* Siemens, Hitachi Energy, ABB India, and L&T shares also declined after the news

BHEL shares hit 10 percent lower circuit limit in January 8 trade after a report said that India plans to scrap curbs on Chinese firms bidding for government contracts.

Consequently, shares of <a href="https://www.moneycontrol.com/india/stockpricequote/infrastructure-general/bharatheavyelectricals/BHE">Bharat Heavy Electricals</a> hit 10 percent lower circuit to quote at Rs 273.20 apiece. The shares settled at Rs 276.90 per share, down 8.78 percent.

The sharp decline was witnessed after a Reuters report that the finance ministry plans to scrap five-year-old restrictions on Chinese firms bidding for government contracts as New Delhi seeks to revive commercial ties in an environment of eased diplomatic and border tensions.

BHEL builds, commissions, and supplies equipment for numerous thermal power plants across India, including large supercritical projects (800 MW+), playing a key role in India's energy security by manufacturing turbines, generators, and boilers for state-owned entities like NTPC and private players like Adani Power.

Meanwhile, Siemens shares fell over 4% as China's CRRC is also competitor to them in Railway contracts, which could be now allowed to participate in Rail contracts if recommendations of committee are approved as the article suggests.

The restrictions had a significant impact wherein months after they were unveiled, China's state-owned CRRC was disqualified from bidding for a $216-million train-manufacturing contract.

The curbs, imposed in 2020 after a clash between the countries' troops, required Chinese bidders to register with an Indian government committee and obtain political and security clearances.

Other capital goods stocks like Hitachi Energy, ABB India fell 4-4.5%. Shares of blue chip firm L&amp;T fell nearly 3%.

The measures effectively barred Chinese firms from competing for Indian government contracts that were estimated to be worth $700 billion to $750 billion.

"Officials are working to remove the registration requirement for bidders from bordering nations," one government source told Reuters, declining to be named as they were not authorised to speak publicly.

The Ministry of Finance's plan to ease curbs followed requests from other government departments that are facing shortages and project delays due to the 2020 restrictions.

"Several ministries have requested exemptions to overcome the constraints that could derail projects in their sectors," a second government source told Reuters.

Curbs on imports from China of equipment for the power sector have hindered India's plans to raise its thermal power capacity to about 307 GW over the next decade.

A high-level committee headed by a former cabinet secretary, Rajiv Gauba, has also recommended easing the restrictions. Gauba is now a member of a top government think tank.
<h3>With inputs from Reuters</h3>
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.

BHEL hits 10% lower circuit as report says India may ease curbs on Chinese firms bidding for govt contracts

BHEL shares hit 10 percent lower circuit limit in January 8 trade after a report said that India plans to scrap curbs on Chinese firms bidding for government contracts.

Consequently, shares of Bharat Heavy Electricals hit 10 percent lower circuit to quote at Rs 273.20 apiece. The shares settled at Rs 276.90 per share, down 8.78 percent.

The sharp decline was witnessed after a Reuters report that the finance ministry plans to scrap five-year-old restrictions on Chinese firms bidding for government contracts as New Delhi seeks to revive commercial ties in an environment of eased diplomatic and border tensions.

BHEL builds, commissions, and supplies equipment for numerous thermal power plants across India, including large supercritical projects (800 MW+), playing a key role in India's energy security by manufacturing turbines, generators, and boilers for state-owned entities like NTPC and private players like Adani Power.

Meanwhile, Siemens shares fell over 4% as China's CRRC is also competitor to them in Railway contracts, which could be now allowed to participate in Rail contracts if recommendations of committee are approved as the article suggests.

The restrictions had a significant impact wherein months after they were unveiled, China's state-owned CRRC was disqualified from bidding for a $216-million train-manufacturing contract.

The curbs, imposed in 2020 after a clash between the countries' troops, required Chinese bidders to register with an Indian government committee and obtain political and security clearances.

Other capital goods stocks like Hitachi Energy, ABB India fell 4-4.5%. Shares of blue chip firm L&amp;amp;T fell nearly 3%.

The measures effectively barred Chinese firms from competing for Indian government contracts that were estimated to be worth $700 billion to $750 billion.

&quot;Officials are working to remove the registration requirement for bidders from bordering nations,&quot; one government source told Reuters, declining to be named as they were not authorised to speak publicly.

The Ministry of Finance's plan to ease curbs followed requests from other government departments that are facing shortages and project delays due to the 2020 restrictions.

&quot;Several ministries have requested exemptions to overcome the constraints that could derail projects in their sectors,&quot; a second government source told Reuters.

Curbs on imports from China of equipment for the power sector have hindered India's plans to raise its thermal power capacity to about 307 GW over the next decade.

A high-level committee headed by a former cabinet secretary, Rajiv Gauba, has also recommended easing the restrictions. Gauba is now a member of a top government think tank.
With inputs from Reuters
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.

Aditya Birla Sun Life Asset Management shares on Thursday fell nearly 4 percent after markets regulator Sebi alleged that a Bank of America unit breached insider trading rules in a 2024 share sale.

The stock declined 3.85 percent to an intraday low of Rs 820.85 per share on the National Stock Exchange.

In a notice, the Securities and Exchange Board of India (Sebi) accused a Bank of America (BofA) unit of violating insider trading norms and breaching internal information barriers, commonly known as "Chinese walls", in connection with a March 2024 share sale of Aditya Birla Sun Life Asset Management.

The notice followed Sebi’s investigation into the conduct of the bank’s domestic securities unit in managing the transaction.

According to the regulator, the bank’s deal team, while in possession of unpublished price-sensitive information related to the share sale, contacted potential investors directly or indirectly.

At the request of the deal team, the bank’s broking arm, research team and Asia-Pacific syndicate team reached out to investors and shared valuation reports and other confidential information, the October 30-dated notice said.

“The conduct highlights the failure of the deal team to maintain Chinese walls with broking and research arms, impacting safekeeping of confidential information and internal controls,” Sebi said.

The regulator further alleged that the bank suppressed material facts and made false statements during the course of the investigation.
<h3>(Inputs from Reuters)</h3>
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.

ABSL AMC shares fall 4% as SEBI alleges BofA breached insider trading rules in 2024 share sale

Aditya Birla Sun Life Asset Management shares on Thursday fell nearly 4 percent after markets regulator Sebi alleged that a Bank of America unit breached insider trading rules in a 2024 share sale.

The stock declined 3.85 percent to an intraday low of Rs 820.85 per share on the National Stock Exchange.

In a notice, the Securities and Exchange Board of India (Sebi) accused a Bank of America (BofA) unit of violating insider trading norms and breaching internal information barriers, commonly known as &quot;Chinese walls&quot;, in connection with a March 2024 share sale of Aditya Birla Sun Life Asset Management.

The notice followed Sebi’s investigation into the conduct of the bank’s domestic securities unit in managing the transaction.

According to the regulator, the bank’s deal team, while in possession of unpublished price-sensitive information related to the share sale, contacted potential investors directly or indirectly.

At the request of the deal team, the bank’s broking arm, research team and Asia-Pacific syndicate team reached out to investors and shared valuation reports and other confidential information, the October 30-dated notice said.

“The conduct highlights the failure of the deal team to maintain Chinese walls with broking and research arms, impacting safekeeping of confidential information and internal controls,” Sebi said.

The regulator further alleged that the bank suppressed material facts and made false statements during the course of the investigation.
(Inputs from Reuters)
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.

Smallcap and midcap stocks dropped sharply on January 8 amid market selloff., Nifty Smallcap 100 dropped 1.6 percent; Nifty Midcap 100 fell 1.5 percent, FII selling and tariff concerns impacted market sentiment

* Smallcap and midcap stocks dropped sharply on January 8 amid market selloff.
* Nifty Smallcap 100 dropped 1.6 percent; Nifty Midcap 100 fell 1.5 percent
* FII selling and tariff concerns impacted market sentiment

Smallcap and midcap stocks fell sharply on January 8, with Nifty Smallcap 100 down 1.6% and Nifty Midcap 100 down 1.5%, amid FII selling, global cues, and tariff concerns. Signatureglobal, NALCO, and HPCL were among the top losers.

shorts/business/small-midcap-stocks-fall-up-to-11-amid-broad-based-selling-hind-copper-hpcl-among-top-losers

* Smallcap and midcap stocks dropped sharply on January 8 amid market selloff.
* Nifty Smallcap 100 dropped 1.6 percent; Nifty Midcap 100 fell 1.5 percent
* FII selling and tariff concerns impacted market sentiment

The shares of several smallcap and midcap stocks declined in trade on January 8, as broader markers accompanied the benchmark indices amid a wider selloff.

The sharp fall in the share prices pushed the <a href="https://www.moneycontrol.com/indian-indices/nifty-smallcap-100-53.html">Nifty Smallcap 100</a> index down nearly 1.6 percent to 17,673.30, as seen at 1.30 pm. The <a href="https://www.moneycontrol.com/indian-indices/nifty-midcap-100-27.html">Nifty Midcap 100</a> index meanwhile fell around 1.5 percent to 60,525.20.

Notably, the broader markets had outperformed benchmarks yesterday, closing in the green while Sensex and Nifty ended the session in the red.

FII selling and chances of Trump imposing 500 percent tariffs on India were among the key factors impacting markets today. “Market sentiment continued to be shaped by mixed global cues and lingering geopolitical concerns, which kept risk appetite in check,” said Ajit Mishra – SVP, Research, Religare Broking.

"In the absence of strong domestic triggers, trading activity remained largely stock-specific, with participants adopting a wait-and-watch approach ahead of upcoming earnings announcements and key macro developments," he added.
<h3>Top smallcap losers today:</h3>
Signatureglobal (India) shares fell nearly 11 percent, while <a href="https://www.moneycontrol.com/india/stockpricequote/metals-non-ferrous/hindustancopper/HC07">Hindustan Copper</a> shares dropped around 5 percent, tracking the sharp fall in metal prices. <a href="https://www.moneycontrol.com/india/stockpricequote/engineering/jupiterwagons/CEB">Jupiter Wagons</a>, JBM Auto and Piramal Pharma shares fell more than 4 percent each.

HBL Engineering and Jindal Saw shares dropped nearly 4 percent each, while <a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries-brakes/olaelectricmobility/OEM">Ola Electric Mobility</a>, Natco Pharma, KEC International and Welspun Corp shares fell over 3 percent each.

Other notable smallcap losers included IRCON, Wockhardt, Inox Wind, Anant Raj, Chambal Fertilisers, NBCC, Mangalore Refinery and Petrochemicals, NCC, Radico Khaitan, Angel One, Bandhan Bank, <a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/multicommodityexchangeindia/MCE">MCX</a>, CESC, CDSL, Reliance Power and others.
<h3>Top midcap losers today:</h3>
National Aluminium Company (<a href="https://www.moneycontrol.com/india/stockpricequote/aluminium/nationalaluminiumcompany/NAC">NALCO</a>) shares were the top midcap losers on the index, falling nearly 5 percent as aluminium prices declined. Hindustan Petroleum Corporation (HPCL) shares also fell around 5 percent.

NMDC shares dropped more than 4 percent, while Indian Bank and HUDCO shares fell around 4 percent each. Rail Vikas Nigam (<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/railvikasnigam/RVN">RVNL</a>), BHEL, Yes Bank, Union Bank of India, Steel Authority of India (SAIL) and Indian Renewable Energy Development Agency (IREDA) shares dropped around 3 percent each.

Suzlon Energy, Sona BLW Precision Forgings, Muthoot Finance, Bank of India, Tata Tech, Voltas, Torrent Power, Fortis, CONCOR, <a href="https://www.moneycontrol.com/india/stockpricequote/online-services/swiggy/SL24">Swiggy</a>, ITC Hotels, <a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/fsne-commerceventuresnykaa/FEV">Nykaa</a>, Mankind Pharma, Bharat Forge, Coforge, Tata Elxi and other midcap stocks fell more than 2 percent each.'

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-hints-a-negative-start-us-markets-mixed-asia-falls-liveblog-13762330.html">LIVE updates</a> from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Small, midcap stocks fall up to 11% amid broad-based selling: Hind Copper, HPCL among top losers

The shares of several smallcap and midcap stocks declined in trade on January 8, as broader markers accompanied the benchmark indices amid a wider selloff.

The sharp fall in the share prices pushed the Nifty Smallcap 100 index down nearly 1.6 percent to 17,673.30, as seen at 1.30 pm. The Nifty Midcap 100 index meanwhile fell around 1.5 percent to 60,525.20.

Notably, the broader markets had outperformed benchmarks yesterday, closing in the green while Sensex and Nifty ended the session in the red.

FII selling and chances of Trump imposing 500 percent tariffs on India were among the key factors impacting markets today. “Market sentiment continued to be shaped by mixed global cues and lingering geopolitical concerns, which kept risk appetite in check,” said Ajit Mishra – SVP, Research, Religare Broking.

&quot;In the absence of strong domestic triggers, trading activity remained largely stock-specific, with participants adopting a wait-and-watch approach ahead of upcoming earnings announcements and key macro developments,&quot; he added.
Top smallcap losers today:
Signatureglobal (India) shares fell nearly 11 percent, while Hindustan Copper shares dropped around 5 percent, tracking the sharp fall in metal prices. Jupiter Wagons, JBM Auto and Piramal Pharma shares fell more than 4 percent each.

HBL Engineering and Jindal Saw shares dropped nearly 4 percent each, while Ola Electric Mobility, Natco Pharma, KEC International and Welspun Corp shares fell over 3 percent each.

Other notable smallcap losers included IRCON, Wockhardt, Inox Wind, Anant Raj, Chambal Fertilisers, NBCC, Mangalore Refinery and Petrochemicals, NCC, Radico Khaitan, Angel One, Bandhan Bank, MCX, CESC, CDSL, Reliance Power and others.
Top midcap losers today:
National Aluminium Company (NALCO) shares were the top midcap losers on the index, falling nearly 5 percent as aluminium prices declined. Hindustan Petroleum Corporation (HPCL) shares also fell around 5 percent.

NMDC shares dropped more than 4 percent, while Indian Bank and HUDCO shares fell around 4 percent each. Rail Vikas Nigam (RVNL), BHEL, Yes Bank, Union Bank of India, Steel Authority of India (SAIL) and Indian Renewable Energy Development Agency (IREDA) shares dropped around 3 percent each.

Suzlon Energy, Sona BLW Precision Forgings, Muthoot Finance, Bank of India, Tata Tech, Voltas, Torrent Power, Fortis, CONCOR, Swiggy, ITC Hotels, Nykaa, Mankind Pharma, Bharat Forge, Coforge, Tata Elxi and other midcap stocks fell more than 2 percent each.'

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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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