< -5%

Southern Magnes

Nile

-5% to -3%

Bhagyanagar Ind

Shera Energy

Cubex Tubings

Dolphin Kitchen

Poojawestern Me

Bonlon Industri

Hind Copper

Vedanta

Mardia Samyoung

Bharat Wire Rop

Hind Zinc

Ram Ratna Wires

Sagardeep Alloy

-3% to 0%

Divine Power

Jain Resource

Shalimar Wires

Madhav Copper

Baroda Extrusio

Gravita India

0% to 3%

3% to 5%

Onix Solar

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/transportlogistics/interglobeaviation/IA04">InterGlobe Aviation</a>, the parent company of IndiGo, crashed nearly 7 percent on December 8, extending losses for the seventh consecutive session. Brokerages have cautioned investors, with some reducing their target prices for the stock as the airline continues to face massive disruptions.

The shares of the company were trading at Rs 5,001 apiece in the morning of Monday, the lowest level seen by the stock in seven months.
<h3><strong>IndiGo crisis:</strong></h3>
IndiGo’s flight cancellations continued to persist on Monday, leading to widespread chaos at India's major airports. Delhi airport <a href="https://www.moneycontrol.com/news/india/indigo-flight-chaos-to-persist-today-warns-delhi-airport-amid-slow-operational-recovery-13714589.html">issued an advisory</a> in the early hours of the day, stating that schedules remain unstable as the airline works to restore normal operations.

Over six days, the airline cancelled more than 2,000 domestic and international flights. Directorate General of Civil Aviation (DGCA) has sent a show-cause notice to IndiGo CEO Peter Elbers over large-scale disruptions and alleged non-compliances.

The show-cause notice, issued to CEO Pieter Elbers, accused the airline of “significant lapses in planning, oversight and resource management” and a failure to adequately prepare for new Flight Duty Time Limitations (FDTL) norms.

A significant factor behind the chaos is a sharp shortage of crew, particularly pilots, following the introduction of revised Flight Duty Time Limitation (FDTL) norms last month. The new rules mandate more rest hours and humane rosters, but IndiGo has been struggling to realign its network accordingly.
<h3><strong>UBS on IndiGo:</strong></h3>
UBS kept its 'Buy' call on the shares of IndiGo, but reduced its target price for the stock to Rs 6,350 per share. This implies an upside potential of more than 18 percent from the stock's previous closing price.

The international brokerage said that inadequate preparations for the revised FDTL norms have led to major disruptions. It raised cost estimates for FY26-FY28 to account for the additional crew required to comply with the FDTL norms and higher operational costs driven by rupee depreciation against the dollar.

IndiGo's long-term growth outlook however remains robust, supported by its international expansion, UBS said. It added that the key downside risks include any contingent costs arising from operational disruptions and further depreciation.
<h3><strong>Jefferies on IndiGo:</strong></h3>
Jefferies kept a 'Buy' call on the stock, with a target price of Rs 7,025 per share. This implies an upside potential of nearly 31 percent from the stock's previous closing price.

The international brokerage noted that the company has been hit the hardest by the new FDTL norms, which reduce pilot duty hours and increases crew requirements. It noted that the rule change coincided with IndiGo’s capacity expansion, technical issues and congestion, triggering cascading disruptions.

Airline is now recalibrating schedules and expects normalcy by mid-December, Jefferies noted, adding that IndiGo will face rising costs from disruptions and higher crew expenses.
<h3><strong>JM Financial on IndiGo:</strong></h3>
JM Financial kept a 'Reduce' call on the stock, with a target price of Rs 5,570 apiece. This implies an upside potential of around 4 percent from the stock's previous closing price.

The domestic brokerage said that recent mismanagement leading to significant flight cancellations is largely a function of new FDTL norms impact kicking in immediately post Airbus software upgrade challenges. "The recent incident is likely to lead to a higher CAGR in CASK ex-fuel-ex-forex in future years subject to regulatory actions," it said.

JM Financial noted that the show-cause notice sent to the CEO is likely to further dampen stock performance besides possible impending one-time penalty. “Near-term, we estimate earnings hit of 8-9% for FY26 if the situation lasts for a total of ~15 days. We await further clarity to revise our earnings estimates, given it’s a developing situation. Even as the FY26 earnings hit has been priced in, the stock is yet to price in 1) structural cost increase driven by regulatory actions 2) one time penalty 3) management change if any,” it added.
<h3><strong>IndiGo share price history:</strong></h3>
IndiGo shares have fallen more than 13 percent in the past five days, and around 10 percent in the past one month. The shares of the airline have fallen more than 12 percent in the past six months, but are up nearly 9 percent in 2025 so far.

The stock's P/E ratio currently stands at around 31.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-08-12-2025-liveblog-13714490.html">LIVE updates</a> from the stock markets here.

<em>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 tmo check with certified experts before taking any investment decisions.</em>

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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.

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Market-Making Activities

Use of Artificial Intelligence

IndiGo shares tumble 7%: Brokerages see costs rising for airline as FDTL norms trigger mass flight cancellations

The shares of InterGlobe Aviation, the parent company of IndiGo, crashed nearly 7 percent on December 8, extending losses for the seventh consecutive session. Brokerages have cautioned investors, with some reducing their target prices for the stock as the airline continues to face massive disruptions.

The shares of the company were trading at Rs 5,001 apiece in the morning of Monday, the lowest level seen by the stock in seven months.
IndiGo crisis:
IndiGo’s flight cancellations continued to persist on Monday, leading to widespread chaos at India's major airports. Delhi airport issued an advisory in the early hours of the day, stating that schedules remain unstable as the airline works to restore normal operations.

Over six days, the airline cancelled more than 2,000 domestic and international flights. Directorate General of Civil Aviation (DGCA) has sent a show-cause notice to IndiGo CEO Peter Elbers over large-scale disruptions and alleged non-compliances.

The show-cause notice, issued to CEO Pieter Elbers, accused the airline of “significant lapses in planning, oversight and resource management” and a failure to adequately prepare for new Flight Duty Time Limitations (FDTL) norms.

A significant factor behind the chaos is a sharp shortage of crew, particularly pilots, following the introduction of revised Flight Duty Time Limitation (FDTL) norms last month. The new rules mandate more rest hours and humane rosters, but IndiGo has been struggling to realign its network accordingly.
UBS on IndiGo:
UBS kept its 'Buy' call on the shares of IndiGo, but reduced its target price for the stock to Rs 6,350 per share. This implies an upside potential of more than 18 percent from the stock's previous closing price.

The international brokerage said that inadequate preparations for the revised FDTL norms have led to major disruptions. It raised cost estimates for FY26-FY28 to account for the additional crew required to comply with the FDTL norms and higher operational costs driven by rupee depreciation against the dollar.

IndiGo's long-term growth outlook however remains robust, supported by its international expansion, UBS said. It added that the key downside risks include any contingent costs arising from operational disruptions and further depreciation.
Jefferies on IndiGo:
Jefferies kept a 'Buy' call on the stock, with a target price of Rs 7,025 per share. This implies an upside potential of nearly 31 percent from the stock's previous closing price.

The international brokerage noted that the company has been hit the hardest by the new FDTL norms, which reduce pilot duty hours and increases crew requirements. It noted that the rule change coincided with IndiGo’s capacity expansion, technical issues and congestion, triggering cascading disruptions.

Airline is now recalibrating schedules and expects normalcy by mid-December, Jefferies noted, adding that IndiGo will face rising costs from disruptions and higher crew expenses.
JM Financial on IndiGo:
JM Financial kept a 'Reduce' call on the stock, with a target price of Rs 5,570 apiece. This implies an upside potential of around 4 percent from the stock's previous closing price.

The domestic brokerage said that recent mismanagement leading to significant flight cancellations is largely a function of new FDTL norms impact kicking in immediately post Airbus software upgrade challenges. &quot;The recent incident is likely to lead to a higher CAGR in CASK ex-fuel-ex-forex in future years subject to regulatory actions,&quot; it said.

JM Financial noted that the show-cause notice sent to the CEO is likely to further dampen stock performance besides possible impending one-time penalty. “Near-term, we estimate earnings hit of 8-9% for FY26 if the situation lasts for a total of ~15 days. We await further clarity to revise our earnings estimates, given it’s a developing situation. Even as the FY26 earnings hit has been priced in, the stock is yet to price in 1) structural cost increase driven by regulatory actions 2) one time penalty 3) management change if any,” it added.
IndiGo share price history:
IndiGo shares have fallen more than 13 percent in the past five days, and around 10 percent in the past one month. The shares of the airline have fallen more than 12 percent in the past six months, but are up nearly 9 percent in 2025 so far.

The stock's P/E ratio currently stands at around 31.

Follow all LIVE updates 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 tmo check with certified experts before taking any investment decisions.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/consumer-food/astronmultigrain/AML08">Astron Multigrain</a> made a weak stock market debut on December 8, listing at Rs 50.40 apiece on the BSE SME platform. This marks a 20 percent discount to the IPO price of Rs 63 per share.

The company that makes instant noodles, papad and noodle bhujia, debuted with a market capitalization of Rs 43 crore.
<h3><strong>Listing premium vs grey market estimates:</strong></h3>
Ahead of listing, the unlisted shares of the company were trading flat at the IPO price of Rs 63 per share, with zero grey market premium (GMP), according to data on IPO Watch.
<h3><strong>About Astron Multigrain IPO:</strong></h3>
Astron Multigrain launched its IPO earlier this month to raise Rs 18.40 crore through a fresh issue of shares worth Rs 14.75 crore and an offer for sale (OFS) of shares worth Rs 3.65 crore by the existing shareholders. The IPO price was set at Rs 63 per share.

The IPO saw decent investor interest during its three days of public bidding, being fully subscribed between December 1 and December 3.
<h3><strong>How will the IPO proceeds be used?</strong></h3>
Astron Multigrain aims to utilize Rs 4.46 crore from the fresh issue proceeds for purchase of machinery, while Rs 5.65 crore will be used for working capital requirements. The rest of the Rs 4.64 crore will be used for general corporate purposes.

Follow all <a href="https://www.moneycontrol.com/ipo/">IPO news</a> here.

<em>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.</em>

Weak listing: Astron Multigrain shares list at 20% discount to SME IPO price

The shares of Astron Multigrain made a weak stock market debut on December 8, listing at Rs 50.40 apiece on the BSE SME platform. This marks a 20 percent discount to the IPO price of Rs 63 per share.

The company that makes instant noodles, papad and noodle bhujia, debuted with a market capitalization of Rs 43 crore.
Listing premium vs grey market estimates:
Ahead of listing, the unlisted shares of the company were trading flat at the IPO price of Rs 63 per share, with zero grey market premium (GMP), according to data on IPO Watch.
About Astron Multigrain IPO:
Astron Multigrain launched its IPO earlier this month to raise Rs 18.40 crore through a fresh issue of shares worth Rs 14.75 crore and an offer for sale (OFS) of shares worth Rs 3.65 crore by the existing shareholders. The IPO price was set at Rs 63 per share.

The IPO saw decent investor interest during its three days of public bidding, being fully subscribed between December 1 and December 3.
How will the IPO proceeds be used?
Astron Multigrain aims to utilize Rs 4.46 crore from the fresh issue proceeds for purchase of machinery, while Rs 5.65 crore will be used for working capital requirements. The rest of the Rs 4.64 crore will be used for general corporate purposes.

Follow all IPO news 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.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/householdpersonal-products/ravelcare/RL09">Ravelcare</a> made a bumper stock market debut on December 8, listing at Rs 201 apiece on the BSE SME platform. This marks a premium of nearly 55 percent over the IPO price of Rs 130 apiece.

The company that makes custom hair and skincare products, debuted with a market capitalization of Rs 138 crore.
<h3><strong>Listing premium vs grey market estimates:</strong></h3>
The listing premium is slightly higher than the grey market estimates. Ahead of listing, the unlisted shares of the company were trading with 57.69 percent grey market premium (GMP) over the IPO price, according to data on Investorgain and IPO Watch.
<h3><strong>About Ravelcare IPO:</strong></h3>
Ravelcare had launched its IPO earlier this month to raise Rs 24.1 crore from the primary market though a fresh issue of 18.54 lakh shares with no offer-for-sale component. The price band for the maiden public issue of the company was set at Rs 123-130 per share.

Investors could bid for a minimum of 1,000 shares, requiring an investment of Rs 1.3 lakh at the upper end of the price band, and in multiples thereafter. The IPO saw strong investor interest during its three days of public bidding, being subscribed a whopping 406 times its offer size between December 1 and December 3.
<h3><strong>How will the IPO proceeds be used?</strong></h3>
Ravelcare aims to utilize the IPO proceeds for marketing and advertisement expenses towards the visibility of the brand, setting up a new manufacturing unit in Amravati and general corporate purposes.

The company operates through a digital first distribution model in the beauty and personal care segment.

Follow all IPO news <a href="https://www.moneycontrol.com/ipo/">here</a>.

<em>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.</em>

Strong market debut: Ravelcare shares list at 55% premium to SME IPO price

The shares of Ravelcare made a bumper stock market debut on December 8, listing at Rs 201 apiece on the BSE SME platform. This marks a premium of nearly 55 percent over the IPO price of Rs 130 apiece.

The company that makes custom hair and skincare products, debuted with a market capitalization of Rs 138 crore.
Listing premium vs grey market estimates:
The listing premium is slightly higher than the grey market estimates. Ahead of listing, the unlisted shares of the company were trading with 57.69 percent grey market premium (GMP) over the IPO price, according to data on Investorgain and IPO Watch.
About Ravelcare IPO:
Ravelcare had launched its IPO earlier this month to raise Rs 24.1 crore from the primary market though a fresh issue of 18.54 lakh shares with no offer-for-sale component. The price band for the maiden public issue of the company was set at Rs 123-130 per share.

Investors could bid for a minimum of 1,000 shares, requiring an investment of Rs 1.3 lakh at the upper end of the price band, and in multiples thereafter. The IPO saw strong investor interest during its three days of public bidding, being subscribed a whopping 406 times its offer size between December 1 and December 3.
How will the IPO proceeds be used?
Ravelcare aims to utilize the IPO proceeds for marketing and advertisement expenses towards the visibility of the brand, setting up a new manufacturing unit in Amravati and general corporate purposes.

The company operates through a digital first distribution model in the beauty and personal care segment.

Follow all IPO news 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.

<a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-civil/spmlinfra/SPM05">SPML Infra</a> share price gained 8 percent in the opening trade on December 8 following company's joint venture with Shree Hari Infraprojects received contract of Rs 207.38 crore from Public Health Engineering Department (PHED), Jhalawar, Rajasthan.

At 09:20am, SPML Infra was quoting at Rs 202.50, up Rs 15.35, or 8.20 percent, on the BSE.

The project under the Jal Jeevan Mission (JJM) is part of Nonera Water Supply Project, aims to significantly strengthen water supply infrastructure across Kota &amp; Bundi region in Rajasthan.

It involves executing comprehensive construction and operation works, including 10 years of operations &amp; maintenance (O&amp;M).

The Jal Jeevan Mission project aims to upgrade water supply infrastructure and ensure safe, reliable drinking water across Kota and Bundi (Package-1).

The scope includes the execution, testing, and commissioning of 3 intake wells, 3 water treatment plants with a combined 118 MLD capacity, 3 clear water reservoirs totaling 16.1 million litres, 52.6 km of pipelines from 600–1300 mm diameter with PLC and SCADA systems.

<a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-08-12-2025-liveblog-13714490.html"><strong>Catch all the market action on our live blog</strong></a>

In the previous trading session, the share closed at Rs 187.15, down Rs 3.00, or 1.58 percent.

The share touched a 52-week high of Rs 321.70 and a 52-week low of Rs 137.00 on 01 August, 2025 and 18 March, 2025, respectively.

Currently, the stock is trading 41.82 percent below its 52-week high and 36.61 percent above its 52-week low.

The market capitalisation of the company stands at Rs 1,412.18 crore.

SPML Infra shares gain 8% after JV wins Rs 207cr order from PHED, Rajasthan

SPML Infra share price gained 8 percent in the opening trade on December 8 following company's joint venture with Shree Hari Infraprojects received contract of Rs 207.38 crore from Public Health Engineering Department (PHED), Jhalawar, Rajasthan.

At 09:20am, SPML Infra was quoting at Rs 202.50, up Rs 15.35, or 8.20 percent, on the BSE.

The project under the Jal Jeevan Mission (JJM) is part of Nonera Water Supply Project, aims to significantly strengthen water supply infrastructure across Kota &amp;amp; Bundi region in Rajasthan.

It involves executing comprehensive construction and operation works, including 10 years of operations &amp;amp; maintenance (O&amp;amp;M).

The Jal Jeevan Mission project aims to upgrade water supply infrastructure and ensure safe, reliable drinking water across Kota and Bundi (Package-1).

The scope includes the execution, testing, and commissioning of 3 intake wells, 3 water treatment plants with a combined 118 MLD capacity, 3 clear water reservoirs totaling 16.1 million litres, 52.6 km of pipelines from 600–1300 mm diameter with PLC and SCADA systems.

Catch all the market action on our live blog

In the previous trading session, the share closed at Rs 187.15, down Rs 3.00, or 1.58 percent.

The share touched a 52-week high of Rs 321.70 and a 52-week low of Rs 137.00 on 01 August, 2025 and 18 March, 2025, respectively.

Currently, the stock is trading 41.82 percent below its 52-week high and 36.61 percent above its 52-week low.

The market capitalisation of the company stands at Rs 1,412.18 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/telecommunications-services/railtelcorporationindia/RCo01">RailTel Corporation of India</a> share price down marginally in the opening trade on December 8 despite the company received the Letter of Acceptance (LoA) from Ministry Of External Affairs.

At 09:19am, Railtel Corporation of India was quoting at Rs 333.00, down Rs 1.20, or 0.36 percent, on the BSE.

"..... has been appointed as project implementing agency (PIA) for procurement and supply of 2000 AI enabled laptop with estimated size of order is Rs 14,40,41,500," company said in its press release.

Last week, the company received the work order from Central Public Works Department (Cpwd) of Rs 63,92,90,444 for design and implementation of ICT network for a period of 5 year.

Also received the work order from Mumbai Metropolitan Region Development Authority for project amounting to Rs 48,77,92,166 (Excluding Tax) for design, development and implementation of regional information system.

<a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-08-12-2025-liveblog-13714490.html"><strong>Catch all the market action on our live blog</strong></a>

Last month, the company received the work order from Information Technology And Electronics Department Uttar Pradesh of Rs 13.86 crore for supply, installation, commissioning, training and support services of Atal Tinkering Labs (ATL) in schools under the Department of Secondary Education, Uttar Pradesh and also received the Letter of Acceptance from Rajasthan Council of School Education service amounting to Rs 32,43,16,000 for Adhaar enrolment &amp; updation service.

In the previous trading session, the share closed at Rs 334.20, up Rs 3.50, or 1.06 percent.

The share touched a 52-week high of Rs 478.80 and a 52-week low of Rs 265.30 on 10 June, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 30.2 percent below its 52-week high and 25.97 percent above its 52-week low.

The market capitalisation of the company stands at Rs 10,725.76 crore.

RailTel Corporation wins project from Ministry Of External Affairs; shares trade flat

RailTel Corporation of India share price down marginally in the opening trade on December 8 despite the company received the Letter of Acceptance (LoA) from Ministry Of External Affairs.

At 09:19am, Railtel Corporation of India was quoting at Rs 333.00, down Rs 1.20, or 0.36 percent, on the BSE.

&quot;..... has been appointed as project implementing agency (PIA) for procurement and supply of 2000 AI enabled laptop with estimated size of order is Rs 14,40,41,500,&quot; company said in its press release.

Last week, the company received the work order from Central Public Works Department (Cpwd) of Rs 63,92,90,444 for design and implementation of ICT network for a period of 5 year.

Also received the work order from Mumbai Metropolitan Region Development Authority for project amounting to Rs 48,77,92,166 (Excluding Tax) for design, development and implementation of regional information system.

Catch all the market action on our live blog

Last month, the company received the work order from Information Technology And Electronics Department Uttar Pradesh of Rs 13.86 crore for supply, installation, commissioning, training and support services of Atal Tinkering Labs (ATL) in schools under the Department of Secondary Education, Uttar Pradesh and also received the Letter of Acceptance from Rajasthan Council of School Education service amounting to Rs 32,43,16,000 for Adhaar enrolment &amp;amp; updation service.

In the previous trading session, the share closed at Rs 334.20, up Rs 3.50, or 1.06 percent.

The share touched a 52-week high of Rs 478.80 and a 52-week low of Rs 265.30 on 10 June, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 30.2 percent below its 52-week high and 25.97 percent above its 52-week low.

The market capitalisation of the company stands at Rs 10,725.76 crore.

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

Gainers/Losers

Industry Market Map

Earnings Review-Q2 FY25-26

Stock News

IndiGo shares tumble 7%: Brokerages see costs rising for airline as FDTL norms trigger mass flight cancellations

Weak listing: Astron Multigrain shares list at 20% discount to SME IPO price

Strong market debut: Ravelcare shares list at 55% premium to SME IPO price

SPML Infra shares gain 8% after JV wins Rs 207cr order from PHED, Rajasthan

RailTel Corporation wins project from Ministry Of External Affairs; shares trade flat

Metals - Non Ferrous Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Metals - Non Ferrous industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q2 FY25-26

Stock News

IndiGo shares tumble 7%: Brokerages see costs rising for airline as FDTL norms trigger mass flight cancellations

Weak listing: Astron Multigrain shares list at 20% discount to SME IPO price

Strong market debut: Ravelcare shares list at 55% premium to SME IPO price

SPML Infra shares gain 8% after JV wins Rs 207cr order from PHED, Rajasthan

RailTel Corporation wins project from Ministry Of External Affairs; shares trade flat

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