< -5%

BHARAT GLOBAL

-5% to -3%

-3% to 0%

NETF

Smartlink Net

0% to 3%

Takyon Networks

3% to 5%

The midcap index touched a record high in Wednesday’s trade, supported by broad-based buying across sectors and firm global cues.

The Nifty Midcap100 index hit an all-time peak of 61,011, extending its winning streak to the fourth consecutive session. The index has gained about 2.3 percent over the past four trading days.

Among the major gainers in the midcap segment were <a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/biocon/BL03">Biocon</a>, Max Financial Services, BSE, and IndusInd Bank, which rose up to 5 percent.

The smallcap segment also witnessed renewed buying interest, with the Nifty Smallcap100 index snapping yesterday's decline to rise nearly 1 percent during the session.

Stocks such as <a href="https://www.moneycontrol.com/india/stockpricequote/shipping/greateasternshippingcompany/GES">The Great Eastern Shipping Company</a>, Poonawalla Fincorp, Tejas Networks, and BLS International Services advanced up to 9 percent.

Analysts attributed the market uptrend to positive global cues, optimism over a possible India-US trade agreement and easing concerns regarding a potential end to US government shutdown. Investor sentiment was also buoyed by exit poll trends in Bihar indicating a likely victory for the ruling alliance.

The equity benchmark indices settled higher for the third straight day on Wednesday, supported by gains in IT shares amid a rally in global equities markets.

Optimism over the resolution of the US government shutdown and growing expectations of interest rate cuts by the Federal Reserve also bolstered the sentiment.

The Sensex rallied 595.19 points or 0.71 per cent to settle at 84,466.51. It gained up to 780.69 points or 0.93 percent to hit an intraday high of 84,652.01. The broader Nifty climbed 180.85 points or 0.7 percent to close at 25,875.80. During the session, it jumped 239.6 points or 0.93 percent to hit a high of 25,934.55.

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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Midcap index hits all-time high, smallcap index rises nearly 1%; BLS International, Biocon among key gainers

The midcap index touched a record high in Wednesday’s trade, supported by broad-based buying across sectors and firm global cues.

The Nifty Midcap100 index hit an all-time peak of 61,011, extending its winning streak to the fourth consecutive session. The index has gained about 2.3 percent over the past four trading days.

Among the major gainers in the midcap segment were Biocon, Max Financial Services, BSE, and IndusInd Bank, which rose up to 5 percent.

The smallcap segment also witnessed renewed buying interest, with the Nifty Smallcap100 index snapping yesterday's decline to rise nearly 1 percent during the session.

Stocks such as The Great Eastern Shipping Company, Poonawalla Fincorp, Tejas Networks, and BLS International Services advanced up to 9 percent.

Analysts attributed the market uptrend to positive global cues, optimism over a possible India-US trade agreement and easing concerns regarding a potential end to US government shutdown. Investor sentiment was also buoyed by exit poll trends in Bihar indicating a likely victory for the ruling alliance.

The equity benchmark indices settled higher for the third straight day on Wednesday, supported by gains in IT shares amid a rally in global equities markets.

Optimism over the resolution of the US government shutdown and growing expectations of interest rate cuts by the Federal Reserve also bolstered the sentiment.

The Sensex rallied 595.19 points or 0.71 per cent to settle at 84,466.51. It gained up to 780.69 points or 0.93 percent to hit an intraday high of 84,652.01. The broader Nifty climbed 180.85 points or 0.7 percent to close at 25,875.80. During the session, it jumped 239.6 points or 0.93 percent to hit a high of 25,934.55.

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

The shares of Max Financial Services hit a fresh record high on November 12 as brokerages remained positive despite the firm reporting a sharp fall in net profit and revenue during the second quarter of the ongoing FY26. Aavas Financiers shares meanwhile jumped nearly 8 percent.

Max Financial Services shares rose nearly 5 percent to hit a fresh 52-week high of Rs 1,715.2 apiece. Aavas Financiers shares meanwhile gained nearly 8 percent to trade at a three-month high of Rs 1,748.70 apiece.

Max Financial Services Q2 Results:

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-investments/maxfinancialservices/MI">Max Financial</a> on November 11 reported a consolidated net profit of Rs 4.12 crore for the second quarter of the financial year 2026. This marks a 96 percent year-on-year (YoY) decrease from the Rs 112.56 crore reported in the corresponding quarter of the previous financial year.

The firm’s revenue from operations meanwhile fell nearly 27 percent YoY to Rs 9,792 crore in Q2 FY26, from Rs 13,371.86 crore in Q2 FY25. It said that its value of new business (VNB) has increased by 27 percent YoY in the first half of the ongoing financial year 2026 (April-September).

JM Financial noted that the company has reported a APE and VNB growth of 15 percent and 27 percent YoY respectively during the quarter under review. It added that while growth was in line, VNB margin of 25.5 percent was a positive surprise.

"This was led by a margin-accretive product mix –ULIP volumes declined while annuity and protection grew 122%/34%. Also, par and non-par business grew 41%/17% YoY. While we had anticipated the mix shift away from ULIPs towards non-linked savings, we had expected margins to be adversely affected by GST 2.0," the domestic brokerage said.

Jefferies said that better product mix and positive yield curve moves lifted profit margins. The international brokerage has named Max Financial as its top insurance pick.

Motilal Oswal said the company maintains better-than-industry APE growth trajectory. It attributes strong expansion of VNB margin to rise in contribution of protection, non-par and annuity businesses.

Aavas Financiers Q2 Results:

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-general/aavasfinanciers/AF17">Aavas Financiers</a> on November 11 reported a net profit of Rs 163.93 crore for Q2 FY26, marking a 10.8 percent YoY rise from the Rs 147.90 crore net profit reported in Q2 FY25. The firm’s revenue from operations meanwhile rose over 15 percent YoY to Rs 667 crore.

The firm’s assets under management (AUM) grew 16 percent YoY to Rs 21,356.6 crore, while net interest margin improved 26 basis points to 8.04 percent during the quarter under review.

PL Capital kept an ‘Accumulate’ call on the stock, with a target price of Rs 1,900 apiece. This implies an upside potential of more than 17 percent from the stock’s previous closing price.

The domestic brokerage noted that the firm saw a good quarter led by better margins, higher fees &amp; assignment income and lower opex. “While company has guided to medium term growth of 20% per annum, its larger size and competition for bigger HFCs to scale up affordable housing, could hinder credit flow or pricing,” it noted.

Motilal Oswal kept a ‘Neutral’ call on the stock, with a target price of Rs 1,800 per share. This implies an upside potential of more than 11 percent from the stock’s previous closing price.

The domestic brokerage has raised its FY26/FY27 EPS estimates by 4 percent/2 percent to factor in higher assignment income. “For a re-rating in its current valuation multiples, we believe that the company will need to deliver on its guided AUM growth and exhibit better readiness for an acceleration of its AUM growth from FY27 onwards,” it said.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-12-11-2025-liveblog-13669011.html">Our LIVE blog on stock market updates</a>

(With inputs from agencies)

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.

Q2 results impact: Max Financial Services shares jump 5% to hit fresh 52-week high, Aavas Financiers up 8%

The shares of Max Financial Services hit a fresh record high on November 12 as brokerages remained positive despite the firm reporting a sharp fall in net profit and revenue during the second quarter of the ongoing FY26. Aavas Financiers shares meanwhile jumped nearly 8 percent.

Max Financial Services shares rose nearly 5 percent to hit a fresh 52-week high of Rs 1,715.2 apiece. Aavas Financiers shares meanwhile gained nearly 8 percent to trade at a three-month high of Rs 1,748.70 apiece.

Max Financial Services Q2 Results:

Max Financial on November 11 reported a consolidated net profit of Rs 4.12 crore for the second quarter of the financial year 2026. This marks a 96 percent year-on-year (YoY) decrease from the Rs 112.56 crore reported in the corresponding quarter of the previous financial year.

The firm’s revenue from operations meanwhile fell nearly 27 percent YoY to Rs 9,792 crore in Q2 FY26, from Rs 13,371.86 crore in Q2 FY25. It said that its value of new business (VNB) has increased by 27 percent YoY in the first half of the ongoing financial year 2026 (April-September).

JM Financial noted that the company has reported a APE and VNB growth of 15 percent and 27 percent YoY respectively during the quarter under review. It added that while growth was in line, VNB margin of 25.5 percent was a positive surprise.

&quot;This was led by a margin-accretive product mix –ULIP volumes declined while annuity and protection grew 122%/34%. Also, par and non-par business grew 41%/17% YoY. While we had anticipated the mix shift away from ULIPs towards non-linked savings, we had expected margins to be adversely affected by GST 2.0,&quot; the domestic brokerage said.

Jefferies said that better product mix and positive yield curve moves lifted profit margins. The international brokerage has named Max Financial as its top insurance pick.

Motilal Oswal said the company maintains better-than-industry APE growth trajectory. It attributes strong expansion of VNB margin to rise in contribution of protection, non-par and annuity businesses.

Aavas Financiers Q2 Results:

Aavas Financiers on November 11 reported a net profit of Rs 163.93 crore for Q2 FY26, marking a 10.8 percent YoY rise from the Rs 147.90 crore net profit reported in Q2 FY25. The firm’s revenue from operations meanwhile rose over 15 percent YoY to Rs 667 crore.

The firm’s assets under management (AUM) grew 16 percent YoY to Rs 21,356.6 crore, while net interest margin improved 26 basis points to 8.04 percent during the quarter under review.

PL Capital kept an ‘Accumulate’ call on the stock, with a target price of Rs 1,900 apiece. This implies an upside potential of more than 17 percent from the stock’s previous closing price.

The domestic brokerage noted that the firm saw a good quarter led by better margins, higher fees &amp;amp; assignment income and lower opex. “While company has guided to medium term growth of 20% per annum, its larger size and competition for bigger HFCs to scale up affordable housing, could hinder credit flow or pricing,” it noted.

Motilal Oswal kept a ‘Neutral’ call on the stock, with a target price of Rs 1,800 per share. This implies an upside potential of more than 11 percent from the stock’s previous closing price.

The domestic brokerage has raised its FY26/FY27 EPS estimates by 4 percent/2 percent to factor in higher assignment income. “For a re-rating in its current valuation multiples, we believe that the company will need to deliver on its guided AUM growth and exhibit better readiness for an acceleration of its AUM growth from FY27 onwards,” it said.

Also read: Our LIVE blog on stock market updates

(With inputs from agencies)

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

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/thetatapowercompany/TPC">Tata Power</a> dropped more than 2 percent on November 12 after the company released its results for the second quarter of the ongoing financial year 2026. Brokerages calls remain mixed for the stock, as the earnings missed most estimates.

The shares of the company were trading at Rs 387.50 apiece in the afternoon, as seen at 12.05 pm. The company had released its results in the post-market hours of November 11.

Tata Power Q2 Results:

The Tata Group-company reported a consolidated net profit of Rs 919.44 crore for the July-September quarter of FY26. This marks a marginal decrease of nearly 0.8 percent year-on-year (YoY) from the Rs 926.53 crore net profit reported in the corresponding quarter of the previous financial year.

The firm's revenue from operations also dropped slightly, falling nearly 1 percent YoY to Rs 15,544.91 crore in Q2 FY26, from Rs 15,697.67 crore in Q2 FY25. The company noted that operations at Mundra Power plant have been suspended since July 3 to undertake pending overhauling activities aimed at resolving existing technical issues.

"Tata Power is very well positioned to expand further with 10 GW of clean capacity under construction including a healthy pipeline of 5 GW Hybrid and FDRE projects. The Company’s backward-integrated solar manufacturing facilities are operating at full capacity, with ALMM-listed modules and cells supporting the 'Make in India' clean energy push," said Praveer Sinha, CEO &amp; Managing Director, Tata Power.

"The rooftop solar segment continues to lead the industry with record installations, while our Discoms drive service excellence across a growing customer base of over 13 million. With proposed amendments to the Electricity Act, Tata Power is well positioned to expand its distribution footprint to 40 million consumers by 2030. As India’s power sector evolves, Tata Power remains committed to innovation, sustainability, and energy self-reliance across the value chain," he added.

Motilal Oswal on Tata Power:

Motilal Oswal has a 'Buy' rating on the stock, with a target price of Rs 500 per share. This implies an upside potential of more than 26 percent from the stock's previous closing price. The domestic brokerage said that the firm's EBITDA and PAT came below its estimates.

Motilal noted that the weakness in results was largely attributable to Mundra plant shutdown during the quarter, which offset the stronger performance at Odisha distribution and the solid ramp-up at TP Solar on a YoY basis.

JM Financial on Tata Power:

JM Financial also maintained its 'Buy' rating for the stock, while raising the target price to Rs 475 apiece. This implies an upside potential of more than 20 percent from the stock's previous closing price.

"The stabilization of 4.9 GW integrated solar cell and module manufacturing, the acceleration in rooftop solar, strong performance at Odisha discoms, the expected signing of PPA for Mundra by Nov-end, the initiative to set up a 10 GW ingot and wafers facility and many more - all contribute to our continued positive outlook on the company's gradual and steady progress," the domestic brokerage said.

JP Morgan on Tata Power:

JP Morgan remains 'Neutral' on the stock, with a target price of Rs 400 per share. This implies an upside potential of more than 1 percent from the stock's previous closing price.

The international brokerage said that the company's profit was weighed down by losses incurred at Mundra power plant, but was cushioned by healthy profitability of Odisha discoms and rooftop solar businesses.

CLSA on Tata Power:

CLSA kept a 'Hold' call on the stock, with a target price of Rs 395.60 per share. This implies zero upside potential from the stock's previous closing price.

The international brokerage said that the stock has run ahead of its fundamentals on a retail frenzy of power stocks. However, it added that Odisha discoms, new concession wins and pump storage remain key long-term positives for the stock.

Tata Power share price history:

Tata Power shares have fallen nearly 3 percent in the past five days, and is down around 1 percent in 2025 so far. After hitting a 52-week high of Rs 447.70 apiece in December 2024, the stock tumbled more than 27 percent to hit a 52-week low of Rs 326.35 apiece in February this year. The stock has so far recovered nearly 19 percent since then.

The stock's P/E ratio currently stands at over 28.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-12-11-2025-liveblog-13669011.html">Our LIVE blog on stock market updates</a>

(With inputs from agencies)

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.

Tata Power shares fall 2% as Mundra plant shutdown weighs on Q2 earnings: Should you buy, sell or hold?

The shares of Tata Power dropped more than 2 percent on November 12 after the company released its results for the second quarter of the ongoing financial year 2026. Brokerages calls remain mixed for the stock, as the earnings missed most estimates.

The shares of the company were trading at Rs 387.50 apiece in the afternoon, as seen at 12.05 pm. The company had released its results in the post-market hours of November 11.

Tata Power Q2 Results:

The Tata Group-company reported a consolidated net profit of Rs 919.44 crore for the July-September quarter of FY26. This marks a marginal decrease of nearly 0.8 percent year-on-year (YoY) from the Rs 926.53 crore net profit reported in the corresponding quarter of the previous financial year.

The firm's revenue from operations also dropped slightly, falling nearly 1 percent YoY to Rs 15,544.91 crore in Q2 FY26, from Rs 15,697.67 crore in Q2 FY25. The company noted that operations at Mundra Power plant have been suspended since July 3 to undertake pending overhauling activities aimed at resolving existing technical issues.

&quot;Tata Power is very well positioned to expand further with 10 GW of clean capacity under construction including a healthy pipeline of 5 GW Hybrid and FDRE projects. The Company’s backward-integrated solar manufacturing facilities are operating at full capacity, with ALMM-listed modules and cells supporting the 'Make in India' clean energy push,&quot; said Praveer Sinha, CEO &amp;amp; Managing Director, Tata Power.

&quot;The rooftop solar segment continues to lead the industry with record installations, while our Discoms drive service excellence across a growing customer base of over 13 million. With proposed amendments to the Electricity Act, Tata Power is well positioned to expand its distribution footprint to 40 million consumers by 2030. As India’s power sector evolves, Tata Power remains committed to innovation, sustainability, and energy self-reliance across the value chain,&quot; he added.

Motilal Oswal on Tata Power:

Motilal Oswal has a 'Buy' rating on the stock, with a target price of Rs 500 per share. This implies an upside potential of more than 26 percent from the stock's previous closing price. The domestic brokerage said that the firm's EBITDA and PAT came below its estimates.

Motilal noted that the weakness in results was largely attributable to Mundra plant shutdown during the quarter, which offset the stronger performance at Odisha distribution and the solid ramp-up at TP Solar on a YoY basis.

JM Financial on Tata Power:

JM Financial also maintained its 'Buy' rating for the stock, while raising the target price to Rs 475 apiece. This implies an upside potential of more than 20 percent from the stock's previous closing price.

&quot;The stabilization of 4.9 GW integrated solar cell and module manufacturing, the acceleration in rooftop solar, strong performance at Odisha discoms, the expected signing of PPA for Mundra by Nov-end, the initiative to set up a 10 GW ingot and wafers facility and many more - all contribute to our continued positive outlook on the company's gradual and steady progress,&quot; the domestic brokerage said.

JP Morgan on Tata Power:

JP Morgan remains 'Neutral' on the stock, with a target price of Rs 400 per share. This implies an upside potential of more than 1 percent from the stock's previous closing price.

The international brokerage said that the company's profit was weighed down by losses incurred at Mundra power plant, but was cushioned by healthy profitability of Odisha discoms and rooftop solar businesses.

CLSA on Tata Power:

CLSA kept a 'Hold' call on the stock, with a target price of Rs 395.60 per share. This implies zero upside potential from the stock's previous closing price.

The international brokerage said that the stock has run ahead of its fundamentals on a retail frenzy of power stocks. However, it added that Odisha discoms, new concession wins and pump storage remain key long-term positives for the stock.

Tata Power share price history:

Tata Power shares have fallen nearly 3 percent in the past five days, and is down around 1 percent in 2025 so far. After hitting a 52-week high of Rs 447.70 apiece in December 2024, the stock tumbled more than 27 percent to hit a 52-week low of Rs 326.35 apiece in February this year. The stock has so far recovered nearly 19 percent since then.

The stock's P/E ratio currently stands at over 28.

Also read: Our LIVE blog on stock market updates

(With inputs from agencies)

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

The shares of Tata Motors' commercial vehicle business were listed at Rs 335 apiece on the NSE on November 12, marking a premium of more than 28.5 percent from the discovered price. This officially completes the demerger of automaker Tata Motors.

The stock then dropped 1.5 percent to close at Rs 330 apiece, marking a rise of 26.56 percent from the discovery price. Its market capitalisation at the end of the debut day stands at Rs 1,21,516.94 crore.

The commercial vehicle segment will officially be known as Tata Motors. The shares of the passenger vehicle segment, known as <a href="https://www.moneycontrol.com/india/stockpricequote/auto-lcvshcvs/tatamotorspassengervehicles/TM03">Tata Motors Passenger Vehicles</a>, were discovered at a price of Rs 400 apiece on NSE on October 14.

About Tata Motors demerger:

Earlier this year, the company fixed October 14 as the record date for determining the eligibility of the shareholders set to receive shares in its demerged commercial vehicle business. This means that investors who held Tata Motors shares as on the record date will be eligible for the demerger scheme. The demerger has already officially become effective from October 1.

Following the demerger, the passenger vehicle arm was subsequently renamed Tata Motors Passenger Vehicles (TMPVL), while the commercial vehicles entity was <a href="https://www.moneycontrol.com/news/business/markets/tata-motors-cv-shares-list-at-28-premium-after-demerger-from-passenger-vehicle-business-13669745.html">listed today as Tata Motors</a> (TML).

In August last year, Tata Motors' board approved the demerger of its commercial and passenger vehicle divisions into two separate listed entities in order to sharpen business focus and capitalise on future growth opportunities. The 1:1 demerger created two focused entities - Tata Motors Commercial Vehicles (TMCV) and Tata Motors Passenger Vehicles (TMPV).

What analysts say about the demerger:

The demerger separates the fast-growing passenger vehicle and EV business from the more stable, cash-generating CV business, allowing investors to value each on its own strength, Jahol Prajapati, research analyst at SAMCO Securities said in a note. The demand for commercial vehicles is expected to rise sharply, with improving freight activity, ease in commodity costs, and the GST rate cut. Fleet replacement and new demand from construction and logistics players will add further momentum.

"The listing removes the 'conglomerate discount' and gives investors a focused bet on India's commercial vehicle upcycle — a steady, cash-rich, value-driven play backed by improving policy and economic tailwinds," he said.

For the month of October, the company's commercial vehicle sales rose 10 percent on year to 37,530 units, marking its highest monthly sales since March. Domestic commercial vehicle sales in October grew over 7 percent on year to 35,108 units and exports were up over 56 percent at 2,422 units.

Tata Motors Passenger Vehicles share price:

Tata Motors Passenger Vehicles shares fell 1.3 percent to close at Rs 402.30 apiece. The stock has so far gained more than 0.5 percent since adjusting to the demerger in October.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-12-11-2025-liveblog-13669011.html">Our LIVE blog on stock market updates</a>

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.

Tata Motors CV shares make solid market debut after demerger: What it means for shareholders?

The shares of Tata Motors' commercial vehicle business were listed at Rs 335 apiece on the NSE on November 12, marking a premium of more than 28.5 percent from the discovered price. This officially completes the demerger of automaker Tata Motors.

The stock then dropped 1.5 percent to close at Rs 330 apiece, marking a rise of 26.56 percent from the discovery price. Its market capitalisation at the end of the debut day stands at Rs 1,21,516.94 crore.

The commercial vehicle segment will officially be known as Tata Motors. The shares of the passenger vehicle segment, known as Tata Motors Passenger Vehicles, were discovered at a price of Rs 400 apiece on NSE on October 14.

About Tata Motors demerger:

Earlier this year, the company fixed October 14 as the record date for determining the eligibility of the shareholders set to receive shares in its demerged commercial vehicle business. This means that investors who held Tata Motors shares as on the record date will be eligible for the demerger scheme. The demerger has already officially become effective from October 1.

Following the demerger, the passenger vehicle arm was subsequently renamed Tata Motors Passenger Vehicles (TMPVL), while the commercial vehicles entity was listed today as Tata Motors (TML).

In August last year, Tata Motors' board approved the demerger of its commercial and passenger vehicle divisions into two separate listed entities in order to sharpen business focus and capitalise on future growth opportunities. The 1:1 demerger created two focused entities - Tata Motors Commercial Vehicles (TMCV) and Tata Motors Passenger Vehicles (TMPV).

What analysts say about the demerger:

The demerger separates the fast-growing passenger vehicle and EV business from the more stable, cash-generating CV business, allowing investors to value each on its own strength, Jahol Prajapati, research analyst at SAMCO Securities said in a note. The demand for commercial vehicles is expected to rise sharply, with improving freight activity, ease in commodity costs, and the GST rate cut. Fleet replacement and new demand from construction and logistics players will add further momentum.

&quot;The listing removes the 'conglomerate discount' and gives investors a focused bet on India's commercial vehicle upcycle — a steady, cash-rich, value-driven play backed by improving policy and economic tailwinds,&quot; he said.

For the month of October, the company's commercial vehicle sales rose 10 percent on year to 37,530 units, marking its highest monthly sales since March. Domestic commercial vehicle sales in October grew over 7 percent on year to 35,108 units and exports were up over 56 percent at 2,422 units.

Tata Motors Passenger Vehicles share price:

Tata Motors Passenger Vehicles shares fell 1.3 percent to close at Rs 402.30 apiece. The stock has so far gained more than 0.5 percent since adjusting to the demerger in October.

Also read: Our LIVE blog on stock market updates

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

The shares of <a href="https://www.moneycontrol.com/ipo/shreeji-global-fmcg-sgf04-ipodetail/">Shreeji Global FMCG</a> made a weak stock market debut on November 12, listing at Rs 100 apiece on the NSE Emerge platform. This marks a 20 percent discount over the IPO price of Rs 125 apiece.

Ahead of listing, the unlisted shares of the company were trading flat at the IPO price with zero grey market premium at Rs 125 apiece, according to data on Investorgain.

About Shreeji Global FMCG IPO:

The Gujarat-based company, which offers variety of spices and blends, approached capital markets to raise Rs 85 crore via initial public offering (IPO) of 68 lakh shares at the upper end of price band of Rs 120-125 per share. The IPO, which consisted of entirely fresh issue, remained opened for public bidding from November 4 to November 7.

Shreeji Global FMCG that involves in manufacturing and processing of ground &amp; whole spices, seeds, grains &amp; pulses and atta (flour) mobilised Rs 14.52 crore of IPO amount via anchor book on November 3.

It finalised allocation of 11.62 lakh shares to four anchor investors - Craft Emerging Market Fund, Beacon Stone Capital, Chanakya Opportunities Fund, and Vikasa India - at the upper price band.

How will IPO proceeds be used?

Shreeji Global FMCG that competes with Sheetal Universal, and Madhusudan Masala in the listed space, intends to utilise its IPO proceeds for factory premises, purchase of machineries &amp; cold storages facility, solar power for internal consumption, working capital requirement, and general corporate purpose.

On the financial front, the company reported profit of Rs 9.2 crore in the April-August period of current financial year 2025-26, on revenue of Rs 250.4 crore. Profit in the fiscal year 2025 surged 122 percent to Rs 12.2 crore, up from Rs 5.5 crore and in the same period, revenue grew by 10.3 percent to Rs 648.9 crore against Rs 588.2 crore.

The sole merchant banker managing the Shreeji Global FMCG IPO is Interactive Financial Services.

Follow all IPO news <a href="https://www.moneycontrol.com/ipo/">here</a>.

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.

Weak listing: Shreeji Global FMCG shares list at 20% discount to SME IPO price

The shares of Shreeji Global FMCG made a weak stock market debut on November 12, listing at Rs 100 apiece on the NSE Emerge platform. This marks a 20 percent discount over the IPO price of Rs 125 apiece.

Ahead of listing, the unlisted shares of the company were trading flat at the IPO price with zero grey market premium at Rs 125 apiece, according to data on Investorgain.

About Shreeji Global FMCG IPO:

The Gujarat-based company, which offers variety of spices and blends, approached capital markets to raise Rs 85 crore via initial public offering (IPO) of 68 lakh shares at the upper end of price band of Rs 120-125 per share. The IPO, which consisted of entirely fresh issue, remained opened for public bidding from November 4 to November 7.

Shreeji Global FMCG that involves in manufacturing and processing of ground &amp;amp; whole spices, seeds, grains &amp;amp; pulses and atta (flour) mobilised Rs 14.52 crore of IPO amount via anchor book on November 3.

It finalised allocation of 11.62 lakh shares to four anchor investors - Craft Emerging Market Fund, Beacon Stone Capital, Chanakya Opportunities Fund, and Vikasa India - at the upper price band.

How will IPO proceeds be used?

Shreeji Global FMCG that competes with Sheetal Universal, and Madhusudan Masala in the listed space, intends to utilise its IPO proceeds for factory premises, purchase of machineries &amp;amp; cold storages facility, solar power for internal consumption, working capital requirement, and general corporate purpose.

On the financial front, the company reported profit of Rs 9.2 crore in the April-August period of current financial year 2025-26, on revenue of Rs 250.4 crore. Profit in the fiscal year 2025 surged 122 percent to Rs 12.2 crore, up from Rs 5.5 crore and in the same period, revenue grew by 10.3 percent to Rs 648.9 crore against Rs 588.2 crore.

The sole merchant banker managing the Shreeji Global FMCG IPO is Interactive Financial Services.

Follow all IPO news here.

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