< -5%

Shaily Engg

Kingfa Science

-5% to -3%

Garware HiTech

Kkalpana Ind

Arrow Greentech

Anka Ind

Gabriel Pet

Tarsons Product

Tokyo Plast

Royal Cushion

Kama Holdings

Bright Brothers

Kuwer Ind

-3% to 0%

Vinyoflex

Wim Plast

Commercial Syn 

Tainwala Chem

0% to 3%

Mega Flex

Captain Poly

Caprihans

3% to 5%

Premier Polyfil

Axel Polymers

A Tejas fighter jet manufactured by <a href="https://www.moneycontrol.com/india/stockpricequote/aerospacedefence/hindustanaeronautics/HAL">Hindustan Aeronautics</a> (HAL) crashed during a Dubai Air Show on November 21. While details are limited as officials continue to investigate the accident, analysts forecast some consolidation for HAL shares when markets reopen on Monday.

HAL shares closed nearly 3 percent lower at Rs 4,593 apiece on Friday, extending losses for the third consecutive session. Te incident was reported in the post-market hours today.
<h3><strong>Tejas fighter jet crash: All we know so far</strong></h3>
The fighter jet <a href="https://www.moneycontrol.com/world/tejas-fighter-jet-crashes-at-dubai-air-show-iaf-aircraft-bursts-into-flames-pilot-s-status-unknown-what-we-know-so-far-article-13690346.html">crashed while performing manoeuvres</a> in front of a large audience in the afternoon. Videos circulating online show the jet, which was a single-seat light combat aircraft (LCA), plunging down to the ground and flames erupting immediately at the site.

A plume of black smoke rose above Al Maktoum International Airport at Dubai World Central, drawing the attention of onlookers as sirens rang out in the aftermath of the crash. The IAF, in a statement, confirmed the death of pilot in the crash

"An IAF Tejas aircraft met with an accident during an aerial display at the Dubai Air Show today. The pilot sustained fatal injuries in the accident. Indian Air Force deeply regrets the loss of life and stands firmly with the bereaved family in this time of grief. A court of inquiry is being constituted to ascertain the cause of the accident," The Indian Air Force said.
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en"><a href="https://twitter.com/hashtag/WATCH?src=hash&amp;ref_src=twsrc%5Etfw">#WATCH</a> 🎥 | HAL Tejas Crashes at Dubai Air Show🚨

An Indian HAL Tejas aircraft crashed during a demonstration at the Dubai Air Show this afternoon. The jet went down around 2:10 pm local time, sending black smoke over the airport as shocked spectators - including families -… <a href="https://t.co/awzTbOx3qE">pic.twitter.com/awzTbOx3qE</a></p>
— Moneycontrol (@moneycontrolcom) <a href="https://twitter.com/moneycontrolcom/status/1991826433996660840?ref_src=twsrc%5Etfw">November 21, 2025</a></blockquote>
<script src="https://platform.twitter.com/widgets.js" async="" charset="utf-8"></script>

The incident marks the second case involving a Tejas aircraft in less than two years. Earlier in March 2024, a Tejas fighter jet crashed in Rajasthan's Jaisalmer while returning from a tri-services military exercise in Pokhran desert in the first accident involving the indigenously-built single-engine jet since it began flying in 2001.
<h3><strong>About the Tejas aircraft:</strong></h3>
Tejas is single-engine, 4.5-generation multirole combat aircraft with a delta wing design. It is developed by the Aeronautical Development Agency (ADA) and manufactured by Hindustan Aeronautics Limited (HAL) for the Indian Air Force (IAF).
<h3><strong>What to expect for HAL shares?</strong></h3>
Historically, HAL shares have declined whenever one of its aircraft crashed earlier, like in March 2024 and February 2019, said Abhinav Tiwari, Research Analyst at Bonanza. The analyst expects the shares of the PSU company to open lower on Monday.

"The reaction may improve only if HAL confirms that there is no major technical issue. The stock may recover gradually if the crash does not affect future deliveries or export plans," he added.

Siddharth Maurya, Founder &amp; Managing Director at Vibhavangal Anukulakara, said that the Tejas crash at the Dubai Airshow will bring immediate sentiment pressure on HAL, and a certain degree of short-term volatility in the stock cannot possibly be avoided.
<h3><strong>'Such isolated incidents seldom impact the long-term valuations'</strong></h3>
He however added that such isolated incidents seldom impact the long-term valuations unless they expose some structural flaw. "HAL still has an enviable order book, including large contracts for Tejas, and is central to India's defence ecosystem," he said.

"For investors, key things to track would include delivery discipline, technical clarity from HAL, and the ability of the company to sustain earnings momentum," he further said, adding that if such operational confidence is maintained, any correction could turn into an opportunity rather than a setback in the long term.
<h3><strong>'Incident does introduce short-term reputational risk'</strong></h3>
Harshal Dasani, Business Head at INVasset PMS, said that a sentiment shift around HAL after the crash is understandable. “When a frontline<a href="https://www.moneycontrol.com/world/tejas-fighter-jet-crashes-during-dubai-air-show-article-13690302.html"> indigenous fighter suffers an accident</a> on a global stage, it triggers immediate questions on reliability, export readiness, and operational safety. Even though the government clarified that earlier concerns around oil leakage were unfounded and unrelated, the incident still places HAL under heightened scrutiny at a time when expectations are exceptionally high,” he said.

This analyst also noted that HAL enters the phase with one of the strongest order books in the company’s history, including the recent mega order for 97 Tejas units and ongoing demand for helicopters and engines. However, he pointed out elevated valuations. "Trading at elevated valuation multiples, the market was assuming flawless execution and uninterrupted momentum in India's defence-manufacturing push. An incident like this doesn’t change the long-term trajectory, but it does introduce short-term reputational risk, and investors typically move to reassess risk-reward when valuations are rich," Dasani said.

He noted that the key now is the outcome of the investigation and the speed at which HAL and the defence establishment communicate technical clarity. The long-term India defence story remains intact, but near-term volatility around HAL will justified until greater transparency emerges, he concluded.
<h3><strong>HAL share price history:</strong></h3>
HAL shares have declined more than 4 percent in the past five days, and over 5 percent in the past one month. The stock declined over 8 percent in the past six months, but is up 10 percent in 2025 so far. This was driven by the sharp run-up in defence stocks after Indian armed forces targeted armed terrorist outfits in Pakistan and Pakistan occupied Kashmir (POK) under the codename ‘Operation Sindoor’.

The stock’s P/E ratio currently stands at over 38. After hitting a 52-week low of Rs 3,046.05 in March, the stock sharply surged nearly 70 percent in just two months to hit a 52-week high of Rs 5,165 apiece in May. The stock has now declined 11 percent since then.

Also read: <a href="https://www.moneycontrol.com/news/india/tejas-crash-in-dubai-decoding-why-jet-went-from-vertical-rise-to-fiery-fall-13690449.html">Decoding why Tejas jet went from vertical rise to fiery fall</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>

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Tejas fighter jet crash in Dubai: HAL shares could see short-term volatility next week, say analysts

A Tejas fighter jet manufactured by Hindustan Aeronautics (HAL) crashed during a Dubai Air Show on November 21. While details are limited as officials continue to investigate the accident, analysts forecast some consolidation for HAL shares when markets reopen on Monday.

HAL shares closed nearly 3 percent lower at Rs 4,593 apiece on Friday, extending losses for the third consecutive session. Te incident was reported in the post-market hours today.
Tejas fighter jet crash: All we know so far
The fighter jet crashed while performing manoeuvres in front of a large audience in the afternoon. Videos circulating online show the jet, which was a single-seat light combat aircraft (LCA), plunging down to the ground and flames erupting immediately at the site.

A plume of black smoke rose above Al Maktoum International Airport at Dubai World Central, drawing the attention of onlookers as sirens rang out in the aftermath of the crash. The IAF, in a statement, confirmed the death of pilot in the crash

&quot;An IAF Tejas aircraft met with an accident during an aerial display at the Dubai Air Show today. The pilot sustained fatal injuries in the accident. Indian Air Force deeply regrets the loss of life and stands firmly with the bereaved family in this time of grief. A court of inquiry is being constituted to ascertain the cause of the accident,&quot; The Indian Air Force said.

#WATCH ? | HAL Tejas Crashes at Dubai Air Show?

An Indian HAL Tejas aircraft crashed during a demonstration at the Dubai Air Show this afternoon. The jet went down around 2:10 pm local time, sending black smoke over the airport as shocked spectators - including families -… pic.twitter.com/awzTbOx3qE
— Moneycontrol (@moneycontrolcom) November 21, 2025


The incident marks the second case involving a Tejas aircraft in less than two years. Earlier in March 2024, a Tejas fighter jet crashed in Rajasthan's Jaisalmer while returning from a tri-services military exercise in Pokhran desert in the first accident involving the indigenously-built single-engine jet since it began flying in 2001.
About the Tejas aircraft:
Tejas is single-engine, 4.5-generation multirole combat aircraft with a delta wing design. It is developed by the Aeronautical Development Agency (ADA) and manufactured by Hindustan Aeronautics Limited (HAL) for the Indian Air Force (IAF).
What to expect for HAL shares?
Historically, HAL shares have declined whenever one of its aircraft crashed earlier, like in March 2024 and February 2019, said Abhinav Tiwari, Research Analyst at Bonanza. The analyst expects the shares of the PSU company to open lower on Monday.

&quot;The reaction may improve only if HAL confirms that there is no major technical issue. The stock may recover gradually if the crash does not affect future deliveries or export plans,&quot; he added.

Siddharth Maurya, Founder &amp;amp; Managing Director at Vibhavangal Anukulakara, said that the Tejas crash at the Dubai Airshow will bring immediate sentiment pressure on HAL, and a certain degree of short-term volatility in the stock cannot possibly be avoided.
'Such isolated incidents seldom impact the long-term valuations'
He however added that such isolated incidents seldom impact the long-term valuations unless they expose some structural flaw. &quot;HAL still has an enviable order book, including large contracts for Tejas, and is central to India's defence ecosystem,&quot; he said.

&quot;For investors, key things to track would include delivery discipline, technical clarity from HAL, and the ability of the company to sustain earnings momentum,&quot; he further said, adding that if such operational confidence is maintained, any correction could turn into an opportunity rather than a setback in the long term.
'Incident does introduce short-term reputational risk'
Harshal Dasani, Business Head at INVasset PMS, said that a sentiment shift around HAL after the crash is understandable. “When a frontline indigenous fighter suffers an accident on a global stage, it triggers immediate questions on reliability, export readiness, and operational safety. Even though the government clarified that earlier concerns around oil leakage were unfounded and unrelated, the incident still places HAL under heightened scrutiny at a time when expectations are exceptionally high,” he said.

This analyst also noted that HAL enters the phase with one of the strongest order books in the company’s history, including the recent mega order for 97 Tejas units and ongoing demand for helicopters and engines. However, he pointed out elevated valuations. &quot;Trading at elevated valuation multiples, the market was assuming flawless execution and uninterrupted momentum in India's defence-manufacturing push. An incident like this doesn’t change the long-term trajectory, but it does introduce short-term reputational risk, and investors typically move to reassess risk-reward when valuations are rich,&quot; Dasani said.

He noted that the key now is the outcome of the investigation and the speed at which HAL and the defence establishment communicate technical clarity. The long-term India defence story remains intact, but near-term volatility around HAL will justified until greater transparency emerges, he concluded.
HAL share price history:
HAL shares have declined more than 4 percent in the past five days, and over 5 percent in the past one month. The stock declined over 8 percent in the past six months, but is up 10 percent in 2025 so far. This was driven by the sharp run-up in defence stocks after Indian armed forces targeted armed terrorist outfits in Pakistan and Pakistan occupied Kashmir (POK) under the codename ‘Operation Sindoor’.

The stock’s P/E ratio currently stands at over 38. After hitting a 52-week low of Rs 3,046.05 in March, the stock sharply surged nearly 70 percent in just two months to hit a 52-week high of Rs 5,165 apiece in May. The stock has now declined 11 percent since then.

Also read: Decoding why Tejas jet went from vertical rise to fiery fall

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 Karnataka Bank jumped nearly 11 percent on November 21, while Apex Frozen Foods shares surged 20 percent to hit the upper circuit. This came after large number of shares of the companies were traded in block deals.

Karnataka Bank shares rose to Rs 193.99, the highest level seen by the stock in around four months. Apex Frozen Foods shares meanwhile remained locked in the upper circuit at Rs 332.28 apiece.
<h3>Karnataka Bank share price:</h3>
Around 62.94 lakh shares of <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/karnatakabank/KB04">Karnataka Bank</a> changed hands across ten block deals at an average price of Rs 186.22 per share. This implies a premium of more than 6 percent from the stock’s previous closing price.

More than 3.67 crore shares were involved in active trade today, which is nearly 28 times that of its 10-day average volumes. The stock moved above its 50-day, 100-day and 200-day simple moving averages during the session.

Karnataka Bank shares pared some gains by the end of the day to close around 8 percent higher at Rs 188.50 apiece. The stock has gained more than 5 percent in the past five days, and around 4 percent in the past one month.

The shares of the lender however fell around 5 percent in the past six months, and are down more than 11 percent in 2025 so far. The stock’s P/E ratio currently stands at 5.68.
<h3>Apex Frozen Foods share price:</h3>
Apex Frozen Foods shares hit a three-year high of Rs 332.28 apiece, hitting a fresh 52-week high. Nearly 16.37 lakh shares changed hands in multiple block deals at an average price of Rs 323.81 apiece. This marks a premium of nearly 17 percent from the stock’s previous closing price of Rs 276.9 apiece.

The total transaction value stood at Rs 52.67 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/food-processing/apexfrozenfoods/AFF">Apex Frozen Foods</a> shares have risen more than 12 percent in the past five days, and around 44 percent in the past one month. The stock jumped 52 percent in the past six months, and is up more than 26 percent in 2025 so far.

The stock currently has a P/E ratio of more than 94. It has been trading above its 50-day and 100-day simple moving averages since early November, indicating bullish sentiment.

Nearly 1.63 crore shares were involved in active trade today, the highest ever volume seen by the stock. This is around 26 times that of its 10-day average.

Follow <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-21-11-2025-liveblog-13688879.html">all updates</a> from the stock markets here.

<em>(With inputs from Reuters)</em>

<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>

Block deals impact: Karnataka Bank shares jump 11%, Apex Frozen hits 20% upper circuit

The shares of Karnataka Bank jumped nearly 11 percent on November 21, while Apex Frozen Foods shares surged 20 percent to hit the upper circuit. This came after large number of shares of the companies were traded in block deals.

Karnataka Bank shares rose to Rs 193.99, the highest level seen by the stock in around four months. Apex Frozen Foods shares meanwhile remained locked in the upper circuit at Rs 332.28 apiece.
Karnataka Bank share price:
Around 62.94 lakh shares of Karnataka Bank changed hands across ten block deals at an average price of Rs 186.22 per share. This implies a premium of more than 6 percent from the stock’s previous closing price.

More than 3.67 crore shares were involved in active trade today, which is nearly 28 times that of its 10-day average volumes. The stock moved above its 50-day, 100-day and 200-day simple moving averages during the session.

Karnataka Bank shares pared some gains by the end of the day to close around 8 percent higher at Rs 188.50 apiece. The stock has gained more than 5 percent in the past five days, and around 4 percent in the past one month.

The shares of the lender however fell around 5 percent in the past six months, and are down more than 11 percent in 2025 so far. The stock’s P/E ratio currently stands at 5.68.
Apex Frozen Foods share price:
Apex Frozen Foods shares hit a three-year high of Rs 332.28 apiece, hitting a fresh 52-week high. Nearly 16.37 lakh shares changed hands in multiple block deals at an average price of Rs 323.81 apiece. This marks a premium of nearly 17 percent from the stock’s previous closing price of Rs 276.9 apiece.

The total transaction value stood at Rs 52.67 crore.

Apex Frozen Foods shares have risen more than 12 percent in the past five days, and around 44 percent in the past one month. The stock jumped 52 percent in the past six months, and is up more than 26 percent in 2025 so far.

The stock currently has a P/E ratio of more than 94. It has been trading above its 50-day and 100-day simple moving averages since early November, indicating bullish sentiment.

Nearly 1.63 crore shares were involved in active trade today, the highest ever volume seen by the stock. This is around 26 times that of its 10-day average.

Follow all updates from the stock markets here.

(With inputs from Reuters)

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

Kotak Mahindra Bank on Friday said its board has approved a 5-for-1 stock split.

In a stock exchange filing, the private sector lender said the board cleared the sub-division of one equity share of face value Rs 5 each, fully paid-up, into five equity shares of face value Re 1 each, fully paid-up.

The company first disclosed its plan to consider a stock split after the market hours on November 14. Following the announcement, the stock gained about 2 percent in Monday’s trading session.

The bank last carried out a stock split in 2010, when the face value was reduced from Rs 10 to Rs 5. It also issued bonus shares in a 1:1 ratio in 2015.

The bank, which completed 40 years of operations this month, said it seeks to make its shares more affordable and boost participation from retail investors.

A stock split increases the number of outstanding shares and improves liquidity by making the stock more accessible to investors.

The country's largest private sector lender last announced a stock split in 2019, while ICICI Bank split its shares in 2014, according to exchange data.

Shares of <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/kotakmahindrabank/KMB">Kotak Mahindra Bank</a> settled lower at Rs 2086.50 per share on the BSE, down 0.51 percent.

Kotak's shares have risen about 17 percent so far this year, compared to gains of 13 percent for HDFC Bank and 7 percent for ICICI Bank. The Nifty bank index is up 16 percent.

The bank reported a 2.7 percent year-on-year fall in its standalone net profit to Rs 3,253 crore in the second quarter of the current financial year. In a year ago period, net profit stood at Rs 3,344 crore.

Net Interest Income (NII) for Q2FY26 increased to Rs 7,311 crore, up 4 percent YoY from Rs 7,020 crore in Q2FY25. Net Interest Margin (NIM) was 4.54 percent for Q2FY26. Cost of funds was 4.70 percent for Q2FY26.

<em><strong>Disclaimer:</strong> 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>

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.

Kotak Mahindra Bank board approves 5-for-1 stock split

Kotak Mahindra Bank on Friday said its board has approved a 5-for-1 stock split.

In a stock exchange filing, the private sector lender said the board cleared the sub-division of one equity share of face value Rs 5 each, fully paid-up, into five equity shares of face value Re 1 each, fully paid-up.

The company first disclosed its plan to consider a stock split after the market hours on November 14. Following the announcement, the stock gained about 2 percent in Monday’s trading session.

The bank last carried out a stock split in 2010, when the face value was reduced from Rs 10 to Rs 5. It also issued bonus shares in a 1:1 ratio in 2015.

The bank, which completed 40 years of operations this month, said it seeks to make its shares more affordable and boost participation from retail investors.

A stock split increases the number of outstanding shares and improves liquidity by making the stock more accessible to investors.

The country's largest private sector lender last announced a stock split in 2019, while ICICI Bank split its shares in 2014, according to exchange data.

Shares of Kotak Mahindra Bank settled lower at Rs 2086.50 per share on the BSE, down 0.51 percent.

Kotak's shares have risen about 17 percent so far this year, compared to gains of 13 percent for HDFC Bank and 7 percent for ICICI Bank. The Nifty bank index is up 16 percent.

The bank reported a 2.7 percent year-on-year fall in its standalone net profit to Rs 3,253 crore in the second quarter of the current financial year. In a year ago period, net profit stood at Rs 3,344 crore.

Net Interest Income (NII) for Q2FY26 increased to Rs 7,311 crore, up 4 percent YoY from Rs 7,020 crore in Q2FY25. Net Interest Margin (NIM) was 4.54 percent for Q2FY26. Cost of funds was 4.70 percent for Q2FY26.

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/banks-private-sector/indusindbank/IIB">IndusInd Bank</a> jumped more than 3 percent on November 21, emerging as the top gainer on the Nifty Bank index. This comes even after the private lender denied reports on a possible fund raise.

The stock surged to a high of Rs 856.80 apiece, snapping a three-session losing streak.
<h3>Buzz over $1-billion fundraise by IndusInd Bank:</h3>
Earlier, <em><a href="https://www.moneycontrol.com/banking/indusind-bank-said-to-have-kick-started-usd-1-bn-equity-raise-plans-article-13688917.html">Moneycontrol</a></em> reported that ground work may have started at IndusInd Bank for a billion dollar fund raise. Sources told <em>Moneycontrol</em> that the bank is keeping all options open for an equity raise – such as a qualified institutional placement (QIP) or a preferential issue.

"The bank is clear that it will not raise capital at below book value and given the stock price appreciation in the last few week, capital raise may happen slightly above the book value," said a banker. Bankers indicate that the equity raise may be priced between Rs 875 - 950 per share, depending upon the feedback from investors. The incoming investor subscribing to the preferential issue is expected to pump in about Rs 6,000 – 7,000 crore of fresh capital into the bank, while its promoters, primarily IndusInd Holdings Limited is expected to invest Rs 2,500 – 3,000 crore of capital to retain the promoter’s overall stake at 15 percent.

Another report by the Economic Times claimed that IndusInd Bank is in the initial stages of assessing investor interest for a possible sale of shares to qualified institutional investors to raise what it called 'confidence capital'.
<h3>IndusInd Bank’s clarification:</h3>
IndusInd Bank in an exchange filing denied claims regarding any capital raising. “We categorically deny having any such discussions as reported in aforesaid media reports,” it said.

It added that it is conscious of its disclosure obligations, and will continue to comply with the same.
<h3>IndusInd Bank share price:</h3>
IndusInd Bank shares have gained more than 12 percent in the past one month, and over 10 percent in the past six months. The stock is however down more than 12 percent in 2025 so far.

The stock's P/E ratio currently stands at over 64.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-21-11-2025-liveblog-13688879.html">LIVE updates</a> about 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 to check with certified experts before taking any investment decisions.</em>

IndusInd Bank shares jump 3% amid buzz over $1-billion fundraise; lender issues clarification

The shares of IndusInd Bank jumped more than 3 percent on November 21, emerging as the top gainer on the Nifty Bank index. This comes even after the private lender denied reports on a possible fund raise.

The stock surged to a high of Rs 856.80 apiece, snapping a three-session losing streak.
Buzz over $1-billion fundraise by IndusInd Bank:
Earlier, Moneycontrol reported that ground work may have started at IndusInd Bank for a billion dollar fund raise. Sources told Moneycontrol that the bank is keeping all options open for an equity raise – such as a qualified institutional placement (QIP) or a preferential issue.

&quot;The bank is clear that it will not raise capital at below book value and given the stock price appreciation in the last few week, capital raise may happen slightly above the book value,&quot; said a banker. Bankers indicate that the equity raise may be priced between Rs 875 - 950 per share, depending upon the feedback from investors. The incoming investor subscribing to the preferential issue is expected to pump in about Rs 6,000 – 7,000 crore of fresh capital into the bank, while its promoters, primarily IndusInd Holdings Limited is expected to invest Rs 2,500 – 3,000 crore of capital to retain the promoter’s overall stake at 15 percent.

Another report by the Economic Times claimed that IndusInd Bank is in the initial stages of assessing investor interest for a possible sale of shares to qualified institutional investors to raise what it called 'confidence capital'.
IndusInd Bank’s clarification:
IndusInd Bank in an exchange filing denied claims regarding any capital raising. “We categorically deny having any such discussions as reported in aforesaid media reports,” it said.

It added that it is conscious of its disclosure obligations, and will continue to comply with the same.
IndusInd Bank share price:
IndusInd Bank shares have gained more than 12 percent in the past one month, and over 10 percent in the past six months. The stock is however down more than 12 percent in 2025 so far.

The stock's P/E ratio currently stands at over 64.

Follow all LIVE updates about 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.

Bank Nifty lost steam on November 21, snapping a two-session gaining streak as investors have resorted to profit booking at elevated levels. This comes after the index hit fresh record highs for consecutive sessions, buoyed by positive sentiment and strong earnings.

The index fell nearly 0.9 percent to 58,833 earlier during the day. Analysts have advised key levels investors should watch out for.
<h3><strong>Longest weekly winning run since June:</strong></h3>
The previous gains recorded by <a href="https://www.moneycontrol.com/indian-indices/NIFTY-BANK-23.html">Bank Nifty</a> during the ongoing week significantly outperform today's losses. The index is still in the green on a weekly basis, being up more than 0.5 percent so far.

The index has closed in the green for the past three weeks starting from October 27. If the index holds this week's gains till the end of the trading session, this would mark the longest weekly winning run recorded by the index since early June.

The strong gains recorded by the index were aided by stable results from key constituents such as HDFC Bank and State Bank of India (SBI). The index hit a record high of 59,440.10 on Thursday, outperforming benchmarks who are still slightly away from their all time high levels.

Analysts told Reuters that they expect banks' credit growth to improve due to demand uptick following RBI's rate cuts. They see stable asset quality as a positive for lenders. Additionally, relatively cheaper valuations in banks compared to other sectors and moderating foreign selling are also aiding the rally, say analysts.

The Nifty Bank index is up nearly 16 percent this year so far, as against Nifty 50's 10 percent rise during the same period of time.
<h3><strong>Top losers on Bank Nifty today:</strong></h3>
<a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/canarabank/CB06">Canara Bank</a> was the top loser on the index today, falling more than 1 percent to trade at Rs 146.37 apiece, as seen at 1.10 pm. <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/icicibank/ICI02">ICICI Bank</a>, Punjab National Bank (<a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/punjabnationalbank/PNB05">PNB</a>), Bank of Baroda, <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/hdfcbank/HDF01">HDFC Bank</a> and <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/axisbank/AB16">Axis Bank</a> shares meanwhile fell between 0.5 percent and 1 percent each.

State Bank of India (<a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/statebankindia/SBI">SBI</a>) and AU Small Finance Bank shares were trading in the red with marginal losses.

Bucking the trend, <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/indusindbank/IIB">IndusInd Bank</a> shares jumped over 2.5 percent to trade at Rs 850.40 apiece. <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/kotakmahindrabank/KMB">Kotak Mahindra Bank</a>, IDFC First Bank and Federal Bank shares were trading in the green with marginal gains.

Nifty PSU Bank index was down 0.99 percent, while Nifty Private Bank index fell 0.31 percent, as seen at 1.40 pm.
<h3><strong>Technical view on Bank Nifty:</strong></h3>
Frontline banking stocks like HDFC Bank, ICICI Bank, and Axis Bank are showing signs of gaining strength to pull the index further in the coming days, with targets of 60,500 and 63,000 expected, PL Capital said. "The index would need to sustain the important support positioned near the 50EMA zone at the 57200 level to keep the overall trend intact, with the sentiment getting better," it added.

The domestic brokerage placed the first support level at 59,169 and second support at 58,990, while resistance was placed at 59,483 and 59,619. Notably, at its day’s low, Bank Nifty had broken both the support levels.

"Key support is identified at 59,000–59,200, while resistance is positioned at 59,500–59,700, and a breakout beyond this range may accelerate the upward trajectory," said Amruta Shinde, Research Analyst at Choice Broking.
<h3><strong>'Bank Nifty's recent candles show strong underlying demand':</strong></h3>
Bajaj Broking meanwhile said that Bank Nifty's recent candles show steady buying with shallow intraday dips being absorbed quickly, indicating strong underlying demand. The index is also comfortably trading above key short-term moving averages, reinforcing the ongoing bullish sentiment, it said.

"Going ahead, the trend remains firmly positive with the index poised to test the 59,800–60,000 zone in the short term. Any minor pullback is likely to find support around the 58,800–58,600 band, which now acts as an immediate demand zone. Unless this support breaks decisively, the overall structure continues to favour further upside," the brokerage added.
<h3><strong>'Short-term and broader outlook remains bullish':</strong></h3>
Vatsal Bhuva, Technical Analyst at LKP Securities, had advised caution after the index continuously charted new record highs. "Bank Nifty formed a small candlestick on Thursday's session, with RSI rising to 74 on the daily chart, indicating the need for a short-term cautious stance. Fresh long positions should be considered only above 59,500 or on dips toward 58,800 for a favourable risk-reward setup, though the short-term and broader outlook remains bullish. In derivatives, massive put writing was observed, strengthening support at 59,000 on an immediate basis and 58,800 on a positional basis, while resistance levels are placed at 59,500 and 60,000," he added.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-21-11-2025-liveblog-13688879.html">LIVE updates</a> from the stock markets here.

<em>(With inputs from Reuters)</em>

<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>

Bank Nifty snaps 2-day gains after hitting record high; index set for longest weekly-winning run since June

Bank Nifty lost steam on November 21, snapping a two-session gaining streak as investors have resorted to profit booking at elevated levels. This comes after the index hit fresh record highs for consecutive sessions, buoyed by positive sentiment and strong earnings.

The index fell nearly 0.9 percent to 58,833 earlier during the day. Analysts have advised key levels investors should watch out for.
Longest weekly winning run since June:
The previous gains recorded by Bank Nifty during the ongoing week significantly outperform today's losses. The index is still in the green on a weekly basis, being up more than 0.5 percent so far.

The index has closed in the green for the past three weeks starting from October 27. If the index holds this week's gains till the end of the trading session, this would mark the longest weekly winning run recorded by the index since early June.

The strong gains recorded by the index were aided by stable results from key constituents such as HDFC Bank and State Bank of India (SBI). The index hit a record high of 59,440.10 on Thursday, outperforming benchmarks who are still slightly away from their all time high levels.

Analysts told Reuters that they expect banks' credit growth to improve due to demand uptick following RBI's rate cuts. They see stable asset quality as a positive for lenders. Additionally, relatively cheaper valuations in banks compared to other sectors and moderating foreign selling are also aiding the rally, say analysts.

The Nifty Bank index is up nearly 16 percent this year so far, as against Nifty 50's 10 percent rise during the same period of time.
Top losers on Bank Nifty today:
Canara Bank was the top loser on the index today, falling more than 1 percent to trade at Rs 146.37 apiece, as seen at 1.10 pm. ICICI Bank, Punjab National Bank (PNB), Bank of Baroda, HDFC Bank and Axis Bank shares meanwhile fell between 0.5 percent and 1 percent each.

State Bank of India (SBI) and AU Small Finance Bank shares were trading in the red with marginal losses.

Bucking the trend, IndusInd Bank shares jumped over 2.5 percent to trade at Rs 850.40 apiece. Kotak Mahindra Bank, IDFC First Bank and Federal Bank shares were trading in the green with marginal gains.

Nifty PSU Bank index was down 0.99 percent, while Nifty Private Bank index fell 0.31 percent, as seen at 1.40 pm.
Technical view on Bank Nifty:
Frontline banking stocks like HDFC Bank, ICICI Bank, and Axis Bank are showing signs of gaining strength to pull the index further in the coming days, with targets of 60,500 and 63,000 expected, PL Capital said. &quot;The index would need to sustain the important support positioned near the 50EMA zone at the 57200 level to keep the overall trend intact, with the sentiment getting better,&quot; it added.

The domestic brokerage placed the first support level at 59,169 and second support at 58,990, while resistance was placed at 59,483 and 59,619. Notably, at its day’s low, Bank Nifty had broken both the support levels.

&quot;Key support is identified at 59,000–59,200, while resistance is positioned at 59,500–59,700, and a breakout beyond this range may accelerate the upward trajectory,&quot; said Amruta Shinde, Research Analyst at Choice Broking.
'Bank Nifty's recent candles show strong underlying demand':
Bajaj Broking meanwhile said that Bank Nifty's recent candles show steady buying with shallow intraday dips being absorbed quickly, indicating strong underlying demand. The index is also comfortably trading above key short-term moving averages, reinforcing the ongoing bullish sentiment, it said.

&quot;Going ahead, the trend remains firmly positive with the index poised to test the 59,800–60,000 zone in the short term. Any minor pullback is likely to find support around the 58,800–58,600 band, which now acts as an immediate demand zone. Unless this support breaks decisively, the overall structure continues to favour further upside,&quot; the brokerage added.
'Short-term and broader outlook remains bullish':
Vatsal Bhuva, Technical Analyst at LKP Securities, had advised caution after the index continuously charted new record highs. &quot;Bank Nifty formed a small candlestick on Thursday's session, with RSI rising to 74 on the daily chart, indicating the need for a short-term cautious stance. Fresh long positions should be considered only above 59,500 or on dips toward 58,800 for a favourable risk-reward setup, though the short-term and broader outlook remains bullish. In derivatives, massive put writing was observed, strengthening support at 59,000 on an immediate basis and 58,800 on a positional basis, while resistance levels are placed at 59,500 and 60,000,&quot; he added.

Follow all LIVE updates from the stock markets here.

(With inputs from Reuters)

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

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