< -5%

-5% to -3%

CARE Ratings

ICRA

-3% to 0%

CRISIL

0% to 3%

3% to 5%

<a href="https://www.moneycontrol.com/india/stockpricequote/infrastructure/hginfraengineering/HIE">HG Infra Engineering</a> share price rose 2 percent in the opening trade on December 1 following the company entered into an battery energy storage purchase agreement with Gujarat Urja Vikas Nigam (GUVNL).

At 09:19am, HG Infra Engineering was quoting at Rs 883.40, up Rs 17.80, or 2.06 percent, on the BSE.

HG Choraniya Bess, a wholly owned subsidiary of HG Infra Engineering entered into an battery energy storage purchase agreement with Gujarat Urja Vikas Nigam on November 28, 2025 for procurement of battery energy storage system for 300 MW/ 600 MWh on long term basis, " company said in its exchange filing.

<a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-01-12-2025-liveblog-13703452.html">Catch all the market action on our live blog</a>

Last week, HG Infra Engineering (with 40% share) jointly with Kalpataru Projects International has been declared as L-1 bidder by the Maharashtra Metro Rail Corporation in a joint venture bidding for a bid project cost of Rs 1415 crore.

Also HG Infra Engineering has received an order for executing infrastructure works at DLF Downtown, Phase-2 project located at Sector-25A, Gurugram, Haryana by DLF Cyber City Developers in the state of Haryana for the project of Rs 274.11 crore.

In the previous trading session, the share closed at Rs 865.60, down Rs 16.55, or 1.88 percent.

The share touched a 52-week high of Rs 1,560.95 and a 52-week low of Rs 854.75 on 02 January, 2025 and 19 November, 2025, respectively.

Currently, the stock is trading 44.55 percent below its 52-week high and 1.27 percent above its 52-week low.

The market capitalisation of the company stands at Rs 5,641.21 crore.

Ownership, Material Conflicts of Interest and Disciplinary History

MCD is a wholly owned subsidiary of Network 18 Media & Investments Ltd ("Network18"), in which Independent Media Trust (IMT) holds 56.89% stake. Reliance Industries Limited ("RIL") is the sole beneficiary of IMT. Network18 and RIL and their subsidiaries, joint ventures and associates can be considered as associates of MCD.

Details of Associate

Receipt of Compensation

Third-Party Compensation

Employment History

Market-Making Activities

Use of Artificial Intelligence

HG Infra shares rise 2% on signing battery energy storage project with GUVNL

HG Infra Engineering share price rose 2 percent in the opening trade on December 1 following the company entered into an battery energy storage purchase agreement with Gujarat Urja Vikas Nigam (GUVNL).

At 09:19am, HG Infra Engineering was quoting at Rs 883.40, up Rs 17.80, or 2.06 percent, on the BSE.

HG Choraniya Bess, a wholly owned subsidiary of HG Infra Engineering entered into an battery energy storage purchase agreement with Gujarat Urja Vikas Nigam on November 28, 2025 for procurement of battery energy storage system for 300 MW/ 600 MWh on long term basis, &quot; company said in its exchange filing.

Catch all the market action on our live blog

Last week, HG Infra Engineering (with 40% share) jointly with Kalpataru Projects International has been declared as L-1 bidder by the Maharashtra Metro Rail Corporation in a joint venture bidding for a bid project cost of Rs 1415 crore.

Also HG Infra Engineering has received an order for executing infrastructure works at DLF Downtown, Phase-2 project located at Sector-25A, Gurugram, Haryana by DLF Cyber City Developers in the state of Haryana for the project of Rs 274.11 crore.

In the previous trading session, the share closed at Rs 865.60, down Rs 16.55, or 1.88 percent.

The share touched a 52-week high of Rs 1,560.95 and a 52-week low of Rs 854.75 on 02 January, 2025 and 19 November, 2025, respectively.

Currently, the stock is trading 44.55 percent below its 52-week high and 1.27 percent above its 52-week low.

The market capitalisation of the company stands at Rs 5,641.21 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/electric-equipment/waareeenergies/WEL01">Waaree Energies</a> share price gained 1 percent in the opening trade on December 1 following the company received an order for supply of 140 MW solar modules.

At 09:17a, Waaree Energies was quoting at Rs 3,211.90, up Rs 38.40, or 1.21 percent, on the BSE.

"..... has received an order for supply of 140MW solar modules from renowned customer engaged in the business of owning, developing and operating renewable power projects in India in the financial year 2025-26," company said in its exchange filing.

<a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-01-12-2025-liveblog-13703452.html">Catch all the market action on our live blog</a>

In last month, the company has set up 2 solar module line manufacturing facility having annual capacity of 1050 MW each totaling to 2100 MW at its factory at Village: Degam, Taluka – Chikli, Dist. Navsari Gujarat, India and has commenced operations at such facility with effect from November 14, 2025.

On November 18, certain officials of the Income Tax Department visited some of the company’s offices and its facilities in India for conducting investigation under the
Income Tax Act, 1961.

In the previous trading session, the share closed at Rs 3,173.50, down Rs 42.65, or 1.33 percent.

The share touched a 52-week high of Rs 3,864.40 and a 52-week low of Rs 1,808.65 on 12 September, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 17.88 percent below its 52-week high and 75.46 percent above its 52-week low.

The market capitalisation of the company stands at Rs 91,282.84 crore.

Waaree Energies share price gain on order to supply 140 MW solar modules

Waaree Energies share price gained 1 percent in the opening trade on December 1 following the company received an order for supply of 140 MW solar modules.

At 09:17a, Waaree Energies was quoting at Rs 3,211.90, up Rs 38.40, or 1.21 percent, on the BSE.

&quot;..... has received an order for supply of 140MW solar modules from renowned customer engaged in the business of owning, developing and operating renewable power projects in India in the financial year 2025-26,&quot; company said in its exchange filing.

Catch all the market action on our live blog

In last month, the company has set up 2 solar module line manufacturing facility having annual capacity of 1050 MW each totaling to 2100 MW at its factory at Village: Degam, Taluka – Chikli, Dist. Navsari Gujarat, India and has commenced operations at such facility with effect from November 14, 2025.

On November 18, certain officials of the Income Tax Department visited some of the company’s offices and its facilities in India for conducting investigation under the
Income Tax Act, 1961.

In the previous trading session, the share closed at Rs 3,173.50, down Rs 42.65, or 1.33 percent.

The share touched a 52-week high of Rs 3,864.40 and a 52-week low of Rs 1,808.65 on 12 September, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 17.88 percent below its 52-week high and 75.46 percent above its 52-week low.

The market capitalisation of the company stands at Rs 91,282.84 crore.

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, order wins, and appointments, here’s a quick look at which stocks will be in focus in today's trade:

<a href="https://www.moneycontrol.com/markets/earnings/" target="_blank">Results Today</a>

Emmvee Photovoltaic Power

<a href="https://www.moneycontrol.com/markets/earnings/" target="_blank">Quarterly Earnings</a>

<a href="https://www.moneycontrol.com/india/stockpricequote/retailing/lenskartsolutions/LSL" target="_blank">Lenskart Solutions</a> Q2 (Consolidated YoY)

Profit grows 19.6% to Rs 102.2 crore Vs Rs 85.5 crore

Revenue soars 20.8% to Rs 2,096.1 crore Vs Rs 1,735.7 crore

EBITDA jumps 44.6% to Rs 414.4 crore Vs Rs 286.6 crore

EBITDA margin expands to 19.76% Vs 16.50%

Stocks to Watch

<a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-civil/ncc/NCC01" target="_blank">NCC</a>

In addition to a major order worth Rs 2,062.71 crore, the company received three other orders totaling Rs 530.72 crore in November. Of these three orders, Rs 321.18 crore pertains to the buildings division, Rs 129.77 crore relates to the water division, and Rs 79.77 crore pertains to the transportation division.

<a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-real-estate/brigadeenterprises/BE08" target="_blank">Brigade Enterprises</a>

Brigade Group has signed a Joint Development Agreement (JDA) with a landowner to develop a premium residential project in Begumpet, Hyderabad. The project will offer a development potential of approximately 0.5 million square feet, with an estimated revenue potential exceeding Rs 800 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/steel-tubespipes/maharashtraseamless/MS02" target="_blank">Maharashtra Seamless</a>

The company has received an order worth Rs 217 crore from ONGC for the supply of seamless pipes.

<a href="https://www.moneycontrol.com/india/stockpricequote/infrastructure-general/arvindsmartspaces/AI72" target="_blank">Arvind SmartSpaces</a>

The company has acquired a new residential high-rise project in Ahmedabad with a total estimated saleable area of 3.6 lakh square feet and a topline potential of Rs 400 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/electric-equipment/waareeenergies/WEL01" target="_blank">Waaree Energies</a>

The company has received an order for the supply of 140 MW solar modules from a renowned customer engaged in the business of owning, developing, and operating renewable power projects in India.

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/icicibank/ICI02" target="_blank">ICICI Bank</a>

The bank has allotted 3,945 non-convertible debentures (NCDs), each bearing a face value of Rs 1 crore, aggregating to Rs 3,945 crore for cash, on a private placement basis to identified investors. The bonds are rated CARE AAA; Stable by CARE Ratings and ICRA AAA (Stable) by ICRA.

<a href="https://www.moneycontrol.com/india/stockpricequote/infrastructure/hginfraengineering/HIE" target="_blank">HG Infra Engineering</a>

The company’s subsidiary, HG Choraniya Bess, has entered into a Battery Energy Storage Purchase Agreement with Gujarat Urja Vikas Nigam (GUVNL) for the procurement of a battery energy storage system of 300 MW / 600 MWh on a long-term basis.

<a href="https://www.moneycontrol.com/india/stockpricequote/hotel-resortrestaurants/apeejaysurrendraparkhotels/ASPHL" target="_blank">Apeejay Surrendra Park Hotels</a>

The company has entered into a Memorandum of Understanding (MoU) with Raman Industrial Enterprises to take on lease and operate a 42-room hotel property along with associated facilities in Mathura, Uttar Pradesh. The hotel property is currently under construction on land admeasuring 1,308 square meters.

The company intends to take over the said hotel and manage it for a lease term of 12 years.

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/hdfcbank/HDF01" target="_blank">HDFC Bank</a>

The Reserve Bank of India has imposed a penalty of Rs 91 lakh on HDFC Bank for violating certain provisions of the Banking Regulation Act.

Meanwhile, the Board has approved the appointment of Vibhash Naik as the Chief Human Resource Officer of the bank, effective February 1, 2026.

<a href="https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/ntpc/NTP" target="_blank">NTPC</a>

The National Company Law Tribunal (NCLT), Delhi, has approved the Resolution Plan submitted by the consortium of Maharashtra State Power Generation Company (MAHAGENCO) and NTPC for Sinnar Thermal Power (STPL), a company undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code.

STPL owns a coal-based thermal power plant of 5×270 MW (1,350 MW) capacity at Sinnar, Maharashtra.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/neulandlaboratories/NL" target="_blank">Neuland Laboratories</a>

The Board has approved capital expenditure of Rs 189 crore for setting up a research and development (R&amp;D) center at the company’s leased premises in Turkapally, Hyderabad.

<a href="https://www.moneycontrol.com/india/stockpricequote/diversified/tatatechnologies/TTL01" target="_blank">Tata Technologies</a>

The Board has approved the resignation of Savitha Balachandran as Chief Financial Officer, effective December 30, and the appointment of Uttam Gujrati as Chief Financial Officer, effective December 31, 2025.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-investment/authuminvestmentinfrastucture/AII01" target="_blank">Authum Investment &amp; Infrastructure</a>

The Board has recommended the issuance of bonus shares by way of capitalization of reserves, in the ratio of 4:1 (i.e., four new fully paid-up equity shares for every one existing fully paid-up equity share held by eligible shareholders as on the record date).

<a href="https://www.moneycontrol.com/india/stockpricequote/oil-drillingexploration/gailindia/GAI" target="_blank">GAIL India</a>

The Petroleum and Natural Gas Regulatory Board (PNGRB) has published the tariff order for GAIL’s Integrated Natural Gas Pipeline (INGPL) network, effective January 1, 2026.

PNGRB has approved a levelized tariff of Rs 65.69/MMBTU (on GCV basis) as an interim measure over the existing tariff. Compared to the previous levelized tariff of Rs 58.61/MMBTU, this represents an increase of approximately 12%, leading to a positive impact of approximately Rs 1,200 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/telecommunications-equipment/tejasnetworks/TN" target="_blank">Tejas Networks</a>

The company has received Rs 84.95 crore from the Ministry of Communications under the Production Linked Incentive (PLI) Scheme for telecom and networking products. This amount represents the first tranche, constituting 85% of the eligible incentive for Q4FY25, and the balance amount is expected to be released subsequently in accordance with the PLI Scheme guidelines.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-stock-broking/billionbrainsgarageventures/BGV01" target="_blank">Billionbrains Garage Ventures Groww</a>

The company has invested Rs 104.47 crore in its subsidiary, Finwizard Technology (FTPL), through a rights issuance.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-investments/pnbgilts/PNB04" target="_blank">PNB Gilts</a>

Chandra Prakash has resigned as Chief Financial Officer &amp; Chief Information Security Officer of the company, effective November 28.

<a href="https://www.moneycontrol.com/india/stockpricequote/tyres/jktyreindustries/JKT01" target="_blank">JK Tyre &amp; Industries</a>

The Board has fixed December 24 as the record date to determine the shareholders of Cavendish Industries eligible to receive the equity shares of JK Tyre pursuant to the Scheme.

The Board also decided December 22 as the effective date of the Scheme of Amalgamation of Cavendish Industries with JK Tyre &amp; Industries.

<a href="https://www.moneycontrol.com/india/stockpricequote/refineries/relianceindustries/RI" target="_blank">Reliance Industries</a>, <a href="https://www.moneycontrol.com/india/stockpricequote/telecommunications-service/bhartiairtel/BA08" target="_blank">Bharti Airtel</a>, <a href="https://www.moneycontrol.com/india/stockpricequote/telecommunication-service-provider/vodafoneidea/IC8" target="_blank">Vodafone Idea</a>

Reliance Jio, a subsidiary of Reliance Industries, added a net 19.97 lakh subscribers in October, compared to a net addition of 32.49 lakh subscribers in September.

During the same period, Bharti Airtel added a net 12.52 lakh subscribers compared to 4.37 lakh in the previous month, while Vodafone Idea recorded a net loss of 20.83 lakh subscribers compared to a loss of 7.44 lakh users in September.

Bulk Deals

<a href="https://www.moneycontrol.com/india/stockpricequote/hospitalhealthcare-services/yatharthhospitaltraumacareservices/YHT" target="_blank">Yatharth Hospital &amp; Trauma Care Services</a>

Promoter Neena Tyagi sold 56.33 lakh shares (equivalent to 5.8% of paid-up equity) of Yatharth Hospital for Rs 403.93 crore at a price of Rs 716.98 per share.

Meanwhile, Kotak Mahindra Mutual Fund purchased an additional 8 lakh shares (0.83% stake) for Rs 57.5 crore at Rs 719.37 per share, and Carnelian Asset Management &amp; Advisors acquired 5.5 lakh shares (0.57% stake) for Rs 39.7 crore at Rs 721.89 per share.

As of September 2025, Neena Tyagi held a 6.47% stake in the company out of the total promoter shareholding of 61.64%, while Kotak Mahindra Trustee Company, through Kotak Multicap Fund, owned a 3.96% stake.

Stock in F&amp;O ban

Sammaan Capital

Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Stocks to Watch Today: Lenskart, NCC, Maharashtra Seamless, Waaree Energies, HG Infra, NTPC, Authum Investment, GAIL, Tejas Networks in focus

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

Results Today

Emmvee Photovoltaic Power

Quarterly Earnings

Lenskart Solutions Q2 (Consolidated YoY)

Profit grows 19.6% to Rs 102.2 crore Vs Rs 85.5 crore

Revenue soars 20.8% to Rs 2,096.1 crore Vs Rs 1,735.7 crore

EBITDA jumps 44.6% to Rs 414.4 crore Vs Rs 286.6 crore

EBITDA margin expands to 19.76% Vs 16.50%

Stocks to Watch

NCC

In addition to a major order worth Rs 2,062.71 crore, the company received three other orders totaling Rs 530.72 crore in November. Of these three orders, Rs 321.18 crore pertains to the buildings division, Rs 129.77 crore relates to the water division, and Rs 79.77 crore pertains to the transportation division.

Brigade Enterprises

Brigade Group has signed a Joint Development Agreement (JDA) with a landowner to develop a premium residential project in Begumpet, Hyderabad. The project will offer a development potential of approximately 0.5 million square feet, with an estimated revenue potential exceeding Rs 800 crore.

Maharashtra Seamless

The company has received an order worth Rs 217 crore from ONGC for the supply of seamless pipes.

Arvind SmartSpaces

The company has acquired a new residential high-rise project in Ahmedabad with a total estimated saleable area of 3.6 lakh square feet and a topline potential of Rs 400 crore.

Waaree Energies

The company has received an order for the supply of 140 MW solar modules from a renowned customer engaged in the business of owning, developing, and operating renewable power projects in India.

ICICI Bank

The bank has allotted 3,945 non-convertible debentures (NCDs), each bearing a face value of Rs 1 crore, aggregating to Rs 3,945 crore for cash, on a private placement basis to identified investors. The bonds are rated CARE AAA; Stable by CARE Ratings and ICRA AAA (Stable) by ICRA.

HG Infra Engineering

The company’s subsidiary, HG Choraniya Bess, has entered into a Battery Energy Storage Purchase Agreement with Gujarat Urja Vikas Nigam (GUVNL) for the procurement of a battery energy storage system of 300 MW / 600 MWh on a long-term basis.

Apeejay Surrendra Park Hotels

The company has entered into a Memorandum of Understanding (MoU) with Raman Industrial Enterprises to take on lease and operate a 42-room hotel property along with associated facilities in Mathura, Uttar Pradesh. The hotel property is currently under construction on land admeasuring 1,308 square meters.

The company intends to take over the said hotel and manage it for a lease term of 12 years.

HDFC Bank

The Reserve Bank of India has imposed a penalty of Rs 91 lakh on HDFC Bank for violating certain provisions of the Banking Regulation Act.

Meanwhile, the Board has approved the appointment of Vibhash Naik as the Chief Human Resource Officer of the bank, effective February 1, 2026.

NTPC

The National Company Law Tribunal (NCLT), Delhi, has approved the Resolution Plan submitted by the consortium of Maharashtra State Power Generation Company (MAHAGENCO) and NTPC for Sinnar Thermal Power (STPL), a company undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code.

STPL owns a coal-based thermal power plant of 5×270 MW (1,350 MW) capacity at Sinnar, Maharashtra.

Neuland Laboratories

The Board has approved capital expenditure of Rs 189 crore for setting up a research and development (R&amp;amp;D) center at the company’s leased premises in Turkapally, Hyderabad.

Tata Technologies

The Board has approved the resignation of Savitha Balachandran as Chief Financial Officer, effective December 30, and the appointment of Uttam Gujrati as Chief Financial Officer, effective December 31, 2025.

Authum Investment &amp;amp; Infrastructure

The Board has recommended the issuance of bonus shares by way of capitalization of reserves, in the ratio of 4:1 (i.e., four new fully paid-up equity shares for every one existing fully paid-up equity share held by eligible shareholders as on the record date).

GAIL India

The Petroleum and Natural Gas Regulatory Board (PNGRB) has published the tariff order for GAIL’s Integrated Natural Gas Pipeline (INGPL) network, effective January 1, 2026.

PNGRB has approved a levelized tariff of Rs 65.69/MMBTU (on GCV basis) as an interim measure over the existing tariff. Compared to the previous levelized tariff of Rs 58.61/MMBTU, this represents an increase of approximately 12%, leading to a positive impact of approximately Rs 1,200 crore.

Tejas Networks

The company has received Rs 84.95 crore from the Ministry of Communications under the Production Linked Incentive (PLI) Scheme for telecom and networking products. This amount represents the first tranche, constituting 85% of the eligible incentive for Q4FY25, and the balance amount is expected to be released subsequently in accordance with the PLI Scheme guidelines.

Billionbrains Garage Ventures Groww

The company has invested Rs 104.47 crore in its subsidiary, Finwizard Technology (FTPL), through a rights issuance.

PNB Gilts

Chandra Prakash has resigned as Chief Financial Officer &amp;amp; Chief Information Security Officer of the company, effective November 28.

JK Tyre &amp;amp; Industries

The Board has fixed December 24 as the record date to determine the shareholders of Cavendish Industries eligible to receive the equity shares of JK Tyre pursuant to the Scheme.

The Board also decided December 22 as the effective date of the Scheme of Amalgamation of Cavendish Industries with JK Tyre &amp;amp; Industries.

Reliance Industries, Bharti Airtel, Vodafone Idea

Reliance Jio, a subsidiary of Reliance Industries, added a net 19.97 lakh subscribers in October, compared to a net addition of 32.49 lakh subscribers in September.

During the same period, Bharti Airtel added a net 12.52 lakh subscribers compared to 4.37 lakh in the previous month, while Vodafone Idea recorded a net loss of 20.83 lakh subscribers compared to a loss of 7.44 lakh users in September.

Bulk Deals

Yatharth Hospital &amp;amp; Trauma Care Services

Promoter Neena Tyagi sold 56.33 lakh shares (equivalent to 5.8% of paid-up equity) of Yatharth Hospital for Rs 403.93 crore at a price of Rs 716.98 per share.

Meanwhile, Kotak Mahindra Mutual Fund purchased an additional 8 lakh shares (0.83% stake) for Rs 57.5 crore at Rs 719.37 per share, and Carnelian Asset Management &amp;amp; Advisors acquired 5.5 lakh shares (0.57% stake) for Rs 39.7 crore at Rs 721.89 per share.

As of September 2025, Neena Tyagi held a 6.47% stake in the company out of the total promoter shareholding of 61.64%, while Kotak Mahindra Trustee Company, through Kotak Multicap Fund, owned a 3.96% stake.

Stock in F&amp;amp;O ban

Sammaan Capital

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

Promoter Neena Tyagi has offloaded nearly 6 percent equity stake in Yatharth Hospital &amp; Trauma Care Services for Rs 404 crore via open market transactions on November 28.

The stock, perhaps, reacted to a big chunk of share sale by the promoter, falling sharply by 8.32 percent to Rs 707.8 and closing decisively below all key moving averages.

Neena Tyagi sold 56.33 lakh shares (equivalent to 5.8 percent of paid-up equity) in <a href="https://www.moneycontrol.com/india/stockpricequote/hospitalhealthcare-services/yatharthhospitaltraumacareservices/YHT">Yatharth Hospital</a>, the hospital chain based in North India founded by Ajay Kumar Tyagi and Kapil Kumar in 2008, for Rs 403.93 crore.

These shares were sold at a price of Rs 716.98 per share. As of September 2025, she held 6.47 percent stake in the company of total promoters shareholding of 61.64 percent.

However, Kotak Mahindra Mutual Fund, and Carnelian Asset Management &amp; Advisors were buyers for some its shares sold by the promoter.

Kotak Mahindra Mutual Fund has bought additional 8 lakh shares (0.83 percent stake) in Yatharth Hospital for Rs 57.5 crore at a price of Rs 719.37 per share, and Carnelian Asset Management &amp; Advisors picked up 5.5 lakh shares (0.57 percent stake) for Rs 39.7 crore at Rs 721.89 per share.

Kotak Mahindra Trustee Company through Kotak Multicap Fund owned 3.96 percent stake in the company as of September 2025.

<img class="alignnone size-full wp-image-13703425 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/11/20251130215615_Image2829112025.jpg" alt="Image2829112025" width="700" height="1476" />

Promoter Neena Tyagi sells nearly 6% stake in Yatharth Hospital for Rs 404 crore

Promoter Neena Tyagi has offloaded nearly 6 percent equity stake in Yatharth Hospital &amp;amp; Trauma Care Services for Rs 404 crore via open market transactions on November 28.

The stock, perhaps, reacted to a big chunk of share sale by the promoter, falling sharply by 8.32 percent to Rs 707.8 and closing decisively below all key moving averages.

Neena Tyagi sold 56.33 lakh shares (equivalent to 5.8 percent of paid-up equity) in Yatharth Hospital, the hospital chain based in North India founded by Ajay Kumar Tyagi and Kapil Kumar in 2008, for Rs 403.93 crore.

These shares were sold at a price of Rs 716.98 per share. As of September 2025, she held 6.47 percent stake in the company of total promoters shareholding of 61.64 percent.

However, Kotak Mahindra Mutual Fund, and Carnelian Asset Management &amp;amp; Advisors were buyers for some its shares sold by the promoter.

Kotak Mahindra Mutual Fund has bought additional 8 lakh shares (0.83 percent stake) in Yatharth Hospital for Rs 57.5 crore at a price of Rs 719.37 per share, and Carnelian Asset Management &amp;amp; Advisors picked up 5.5 lakh shares (0.57 percent stake) for Rs 39.7 crore at Rs 721.89 per share.

Kotak Mahindra Trustee Company through Kotak Multicap Fund owned 3.96 percent stake in the company as of September 2025.

Indian stock markets have recently hit fresh lifetime highs after 14 months, but heavyweight IT stocks are still far away from their record peaks. Some analysts have, however, suggested that the sectoral stocks may soon see a rise, citing several key reasons.

<a href="https://www.moneycontrol.com/indian-indices/nifty-it-19.html">Nifty IT</a> index closed 0.11 percent lower at 37,405.50 on Friday. The sectoral index is more than 18.84 percent lower than its 52-week high of 46,088.9, which it had hit in December last year. While Nifty 50 has gained more than 10 percent in 2025 so far, the IT index fell around 14 percent during the same period.
<h3>What led to a downturn in IT stocks?</h3>
This was driven by several factors. US President Donald Trump imposed harsh tariffs on Indian and other imports to the country, which pushed the Indian IT stocks lower on expectations that discretionary spending in US will reduce following the move.

Additionally, Trump hiked fees for H-1B visas. The constant tussle between the US President and Federal Reserve chief Jerome Powell also put pressure on the shares of the companies which derive a major portion of their revenue from the US economy.

"The emergence of GCC centers as companies insource critical technology solutions, together with hyperscalers like Amazon and Google providing value-added services, is reducing the technology pie that tech companies can participate in," added Shravan Shetty, Managing Director, Primus Partners. This may have also led to a decline in the stocks.

Despite the previous downturn, these stocks have seen some rise recently. Heavyweight <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/infosys/IT">Infosys</a> shares have gained around 4 percent in the past one month, while <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/wipro/W">Wipro</a> and TCS shares rose around 3 percent each during the time. <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/hcltechnologies/HCL02">HCLTech</a> shares jumped nearly 7 percent during the same time, while <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/techmahindra/TM4">Tech Mahindra</a> shares rose around 5 percent.

Here's why analysts feel the IT stocks may be up for a turnaround:
<h3>Likely Fed rate cut:</h3>
Despite initial expectations of a no rate cut, a higher probability of a December rate cut by the US Federal Reserve has been boosting global markets. According to a Bloomberg report, Kevin Hassett, who is currently the White House National Economic Council Director, was being considered as the next Fed chairperson. The possibility of Trump's close aide being the next Fed chief further boosted the expectations of more rate cuts

New York Fed President John Williams, a permanent voter on rate policy and vice chair of the rate-setting Federal Open Market Committee, earlier said that interest rates can fall "in the near term".

"I view monetary policy as being modestly restrictive...Therefore, I still see room for a further adjustment in the near term to the target range for the federal funds rate to move the stance of policy closer to the range of neutral," Williams said. Investors now put a nearly 60 percent chance of a 25 basis point cut at the U.S. central bank's December meeting, reversing what had been strong conviction that the Fed would pause due to concerns about inflation.

A rate cut by the Federal Reserve will likely increase discretionary spending in the US, which in turn benefits IT stocks.
<h3>Anti-AI play:</h3>
Earlier this month, SoftBank sold stake worth $5.8 billion in Nvidia, igniting fears that the frenzy around artificial intelligence may have peaked, which in turn push down AI stocks. Recently, Morgan Stanley and Goldman Sachs CEOs warned that stock markets could be heading to a drawdown, while hedge fund manager Michael Burry, known for shorts on the US housing market ahead of the 2008 crash, bet against Nvidia and Palantir.

The recent correction in global equity markets is being driven largely by the sharp decline in AI-focused companies, said Bajaj Broking Research Team. The brokerage noted that companies such as Nvidia, Microsoft, Amazon, Alphabet, and Meta have grown to become dominant index constituents in the Wall Street. “Their substantial weight in the S&amp;P 500 and Nasdaq means that a 10–20% drop in these stocks drags down the broader market, shaping overall global risk sentiment,” it added.

“In contrast, the composition of the Indian equity market is fundamentally different. India does not have domestically listed, high-valuation AI pure plays comparable to Nvidia or OpenAI. Although the country boasts a large and globally competitive IT sector—represented by firms like Infosys, TCS, Wipro, and HCL Tech—these companies primarily operate as IT services and consulting providers rather than AI product creators…This structural distinction provides India with a natural buffer. Even if global AI valuations correct sharply, the impact on Indian equities is limited,” the brokerage added.

Indian equity markets could be seen as an "anti-AI play" if the present trend of AI trade fading sustains, said VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.
<h3>Valuation comfort:</h3>
After a sharp decline, some analysts believe that the valuations of these IT stocks have improved. Santosh Meena, Head of Research at Swastika Investmart, noted that the IT stocks were trading at rich valuations without the double-digit growth to justify them when they were entering 2024. The subsequent correction has now brought valuations (P/E ratios) back to attractive, historical averages, he added.

"We believe the sector is transitioning out of its 'Price Correction' phase and is now in the final leg of a 'Time Correction'. The steep valuation froth has cooled, and the downside risk appears limited. However, a decisive breakout requires a shift in the global macro narrative," said Santosh Meena, Head of Research at Swastika Investmart.
<h3>Declining Rupee:</h3>
The Indian rupee <a href="https://www.moneycontrol.com/news/business/rupee-down-3-5-since-march-rbi-sells-38-billion-to-steady-currency-finmin-13699405.html">weakened by about 3.5 percent</a> against the US dollar between end-March and end-October 2025, the finance ministry’s October Monthly Economic Review said.

The report noted that this was a steady, gradual depreciation over seven months and in line with the broader trend in other emerging market currencies. The pressure mainly came from global factors: a stronger dollar, high US interest rates and continued volatility in global financial markets.

The rupee hit a record low of Rs 89.49 against the dollar last week. "The Indian rupee’s fall to a new record low is just a matter of time as the currency is likely headed to 90 per dollar level in the near term," according to Ritesh Bhansali, deputy chief executive officer at Mecklai Financial Services.

Notably, a declining rupee against the US dollar also will likely boost IT stocks.
<h3>Earnings recovery expectation:</h3>
Earlier this month, Motilal Oswal said that the IT sector appears to be at a bottom, with risks skewed to the upside. The brokerage upgraded its growth estimates to reflect an expected recovery that will show meaningfully in the second half of FY27 and gain full momentum in FY28.

"For a meaningful re-rating, large-cap IT companies must demonstrate steady improvements in earnings, margins, and deal wins to reassure investors that the worst is over," said Ajit Mishra, SVP of Research at Religare Broking.

Nomura meanwhile expects marginally better revenue growth of 4.5 percent for large-cap IT companies in FY27, as against FY26. The international brokerage expects mid-caps to continue growing faster than large-caps in FY27.

Nomura expects average FY27 EBIT margin to improve by 30 bps for large-cap companies and by 50 bps for the mid-caps. It sees bigger revenue pool for IT service providers as enterprise AI adoption increases over the next 12-18 months, driving demand for cloud and data services.

"Our outlook index, built on management commentary across companies, indicates an improvement in outlook for deal signings as project delays appear to have bottomed in the Jun-25 quarter. We also see a gradual recovery in revenue outlook and guarded optimism on margins among companies," BNP Paribas said.
<h3>What lies ahead for IT stocks?</h3>
The question now is whether the consolidation phase is finally ending. Signs of improvement are emerging, but for IT stocks to decisively break out, the market will look for two triggers - sustained sequential revenue growth and clearer evidence that discretionary spending is returning, said Charmi Shah, Business Head at Wealth1.

"Until then, the sector is likely to remain selectively constructive, with investors focusing on firms showing improving order books, operational resilience, and early leadership in AI-driven services," she added.

Select stocks in the sector where innovative business models are being implemented will perform better, said Shetty from Primus Partners. "Also, with the focus of the Indian government to encourage Indian technology players, companies that can create India-specific products along the AI value chain, including data centers, will benefit," he added.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/jefferies-skeptical-about-rebound-in-beaten-down-it-stocks-says-growth-outlook-remains-uncertain-check-its-top-picks-13701042.html">Jefferies skeptical about rebound in beaten-down IT stocks</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.

Market at lifetime high but IT index down 19% from peak: Sector is ripe for a turnaround, say analysts; here's why

Indian stock markets have recently hit fresh lifetime highs after 14 months, but heavyweight IT stocks are still far away from their record peaks. Some analysts have, however, suggested that the sectoral stocks may soon see a rise, citing several key reasons.

Nifty IT index closed 0.11 percent lower at 37,405.50 on Friday. The sectoral index is more than 18.84 percent lower than its 52-week high of 46,088.9, which it had hit in December last year. While Nifty 50 has gained more than 10 percent in 2025 so far, the IT index fell around 14 percent during the same period.
What led to a downturn in IT stocks?
This was driven by several factors. US President Donald Trump imposed harsh tariffs on Indian and other imports to the country, which pushed the Indian IT stocks lower on expectations that discretionary spending in US will reduce following the move.

Additionally, Trump hiked fees for H-1B visas. The constant tussle between the US President and Federal Reserve chief Jerome Powell also put pressure on the shares of the companies which derive a major portion of their revenue from the US economy.

&quot;The emergence of GCC centers as companies insource critical technology solutions, together with hyperscalers like Amazon and Google providing value-added services, is reducing the technology pie that tech companies can participate in,&quot; added Shravan Shetty, Managing Director, Primus Partners. This may have also led to a decline in the stocks.

Despite the previous downturn, these stocks have seen some rise recently. Heavyweight Infosys shares have gained around 4 percent in the past one month, while Wipro and TCS shares rose around 3 percent each during the time. HCLTech shares jumped nearly 7 percent during the same time, while Tech Mahindra shares rose around 5 percent.

Here's why analysts feel the IT stocks may be up for a turnaround:
Likely Fed rate cut:
Despite initial expectations of a no rate cut, a higher probability of a December rate cut by the US Federal Reserve has been boosting global markets. According to a Bloomberg report, Kevin Hassett, who is currently the White House National Economic Council Director, was being considered as the next Fed chairperson. The possibility of Trump's close aide being the next Fed chief further boosted the expectations of more rate cuts

New York Fed President John Williams, a permanent voter on rate policy and vice chair of the rate-setting Federal Open Market Committee, earlier said that interest rates can fall &quot;in the near term&quot;.

&quot;I view monetary policy as being modestly restrictive...Therefore, I still see room for a further adjustment in the near term to the target range for the federal funds rate to move the stance of policy closer to the range of neutral,&quot; Williams said. Investors now put a nearly 60 percent chance of a 25 basis point cut at the U.S. central bank's December meeting, reversing what had been strong conviction that the Fed would pause due to concerns about inflation.

A rate cut by the Federal Reserve will likely increase discretionary spending in the US, which in turn benefits IT stocks.
Anti-AI play:
Earlier this month, SoftBank sold stake worth $5.8 billion in Nvidia, igniting fears that the frenzy around artificial intelligence may have peaked, which in turn push down AI stocks. Recently, Morgan Stanley and Goldman Sachs CEOs warned that stock markets could be heading to a drawdown, while hedge fund manager Michael Burry, known for shorts on the US housing market ahead of the 2008 crash, bet against Nvidia and Palantir.

The recent correction in global equity markets is being driven largely by the sharp decline in AI-focused companies, said Bajaj Broking Research Team. The brokerage noted that companies such as Nvidia, Microsoft, Amazon, Alphabet, and Meta have grown to become dominant index constituents in the Wall Street. “Their substantial weight in the S&amp;amp;P 500 and Nasdaq means that a 10–20% drop in these stocks drags down the broader market, shaping overall global risk sentiment,” it added.

“In contrast, the composition of the Indian equity market is fundamentally different. India does not have domestically listed, high-valuation AI pure plays comparable to Nvidia or OpenAI. Although the country boasts a large and globally competitive IT sector—represented by firms like Infosys, TCS, Wipro, and HCL Tech—these companies primarily operate as IT services and consulting providers rather than AI product creators…This structural distinction provides India with a natural buffer. Even if global AI valuations correct sharply, the impact on Indian equities is limited,” the brokerage added.

Indian equity markets could be seen as an &quot;anti-AI play&quot; if the present trend of AI trade fading sustains, said VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.
Valuation comfort:
After a sharp decline, some analysts believe that the valuations of these IT stocks have improved. Santosh Meena, Head of Research at Swastika Investmart, noted that the IT stocks were trading at rich valuations without the double-digit growth to justify them when they were entering 2024. The subsequent correction has now brought valuations (P/E ratios) back to attractive, historical averages, he added.

&quot;We believe the sector is transitioning out of its 'Price Correction' phase and is now in the final leg of a 'Time Correction'. The steep valuation froth has cooled, and the downside risk appears limited. However, a decisive breakout requires a shift in the global macro narrative,&quot; said Santosh Meena, Head of Research at Swastika Investmart.
Declining Rupee:
The Indian rupee weakened by about 3.5 percent against the US dollar between end-March and end-October 2025, the finance ministry’s October Monthly Economic Review said.

The report noted that this was a steady, gradual depreciation over seven months and in line with the broader trend in other emerging market currencies. The pressure mainly came from global factors: a stronger dollar, high US interest rates and continued volatility in global financial markets.

The rupee hit a record low of Rs 89.49 against the dollar last week. &quot;The Indian rupee’s fall to a new record low is just a matter of time as the currency is likely headed to 90 per dollar level in the near term,&quot; according to Ritesh Bhansali, deputy chief executive officer at Mecklai Financial Services.

Notably, a declining rupee against the US dollar also will likely boost IT stocks.
Earnings recovery expectation:
Earlier this month, Motilal Oswal said that the IT sector appears to be at a bottom, with risks skewed to the upside. The brokerage upgraded its growth estimates to reflect an expected recovery that will show meaningfully in the second half of FY27 and gain full momentum in FY28.

&quot;For a meaningful re-rating, large-cap IT companies must demonstrate steady improvements in earnings, margins, and deal wins to reassure investors that the worst is over,&quot; said Ajit Mishra, SVP of Research at Religare Broking.

Nomura meanwhile expects marginally better revenue growth of 4.5 percent for large-cap IT companies in FY27, as against FY26. The international brokerage expects mid-caps to continue growing faster than large-caps in FY27.

Nomura expects average FY27 EBIT margin to improve by 30 bps for large-cap companies and by 50 bps for the mid-caps. It sees bigger revenue pool for IT service providers as enterprise AI adoption increases over the next 12-18 months, driving demand for cloud and data services.

&quot;Our outlook index, built on management commentary across companies, indicates an improvement in outlook for deal signings as project delays appear to have bottomed in the Jun-25 quarter. We also see a gradual recovery in revenue outlook and guarded optimism on margins among companies,&quot; BNP Paribas said.
What lies ahead for IT stocks?
The question now is whether the consolidation phase is finally ending. Signs of improvement are emerging, but for IT stocks to decisively break out, the market will look for two triggers - sustained sequential revenue growth and clearer evidence that discretionary spending is returning, said Charmi Shah, Business Head at Wealth1.

&quot;Until then, the sector is likely to remain selectively constructive, with investors focusing on firms showing improving order books, operational resilience, and early leadership in AI-driven services,&quot; she added.

Select stocks in the sector where innovative business models are being implemented will perform better, said Shetty from Primus Partners. &quot;Also, with the focus of the Indian government to encourage Indian technology players, companies that can create India-specific products along the AI value chain, including data centers, will benefit,&quot; he added.

Also read: Jefferies skeptical about rebound in beaten-down IT stocks

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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Market at lifetime high but IT index down 19% from peak: Sector is ripe for a turnaround, say analysts; here's why

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

Gainers/Losers

Industry Market Map

Earnings Review-Q2 FY25-26

Stock News

HG Infra shares rise 2% on signing battery energy storage project with GUVNL

Waaree Energies share price gain on order to supply 140 MW solar modules

Stocks to Watch Today: Lenskart, NCC, Maharashtra Seamless, Waaree Energies, HG Infra, NTPC, Authum Investment, GAIL, Tejas Networks in focus

Promoter Neena Tyagi sells nearly 6% stake in Yatharth Hospital for Rs 404 crore

Market at lifetime high but IT index down 19% from peak: Sector is ripe for a turnaround, say analysts; here's why

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