< -5%

-5% to -3%

Resgen

Chennai Petro

BPCL

HINDPETRO

Gandhar Oil

MRPL

IRM Energy

-3% to 0%

0% to 3%

3% to 5%

Stocks like AVG Logistics, Lenskart Solutions, KNR Constructions, Ola Electric Mobility, Vikran Engineering, Strides Pharma Science, Panacea Biotec, and Castrol India will be in focus on December 26.

shorts/business/stocks-to-watch-today-lenskart-knr-constructions-ola-electric-vikran-engg-strides-pharma-panacea-biotec-castrol-supreme-industries-jk-cement-in-focus-on-26-december

Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, acquisitions, and appointments, here’s a quick look at which stocks will be in focus in today's trade:

Stocks to Watch

<a href="https://www.moneycontrol.com/india/stockpricequote/transportlogistics/avglogistics/ALL02">AVG Logistics</a>

The company has entered into a Memorandum of Understanding (MoU) with Baidyanath LNG for the adoption of LNG-powered transportation solutions across key industrial sectors, including steel and metals, FMCG, cement, and other high-volume logistics segments.

<a href="https://www.moneycontrol.com/india/stockpricequote/retailing/lenskartsolutions/LSL">Lenskart Solutions</a>

The Board of Lenskart Solutions Pte (Singapore), the wholly owned subsidiary of Lenskart Solutions, has approved an investment of KRW 3 billion (approximately Rs 18.6 crore) for the acquisition of a 29.24% stake in Korea-based startup iiNeer Corp. iiNeer develops technology-enabled eye-testing and lens-cutting equipment.

<a href="https://www.moneycontrol.com/india/stockpricequote/oil-drillingexploration/gujaratgas/GGC">Gujarat Gas</a>

Milind Torawane, IAS, has resigned as Managing Director (MD) of the company with effect from December 24, consequent to his appointment as Principal Secretary to the Government, Education Department (Primary &amp; Secondary Education).

The Gujarat Government has appointed Avantika Singh Aulakh, IAS, as the Managing Director of Gujarat Gas.

<a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-civil/knrconstructions/KC13">KNR Constructions</a>

The company has executed Share Purchase Agreements (SPAs) with Indus Infra Trust for the sale of its 100% shareholding (including sub-debt) in four special purpose vehicles (SPVs) — KNR Palani Infra, KNR Ramagiri Infra, KNR Guruvayur Infra, and KNR Ramanattukara Infra.

The company is expected to invest Rs 566.83 crore (in the form of equity and sub-debt) in the SPVs, against which it is expected to receive Rs 1,543.19 crore. This includes Rs 1,398.65 crore towards sale consideration and Rs 144.54 crore as estimated cash surplus, which will be upstreamed to the company in an agreed manner through this transaction.

<a href="https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/ntpc/NTP">NTPC</a>

The company has commissioned the second and final part of 13 MW out of the 23 MW capacity of the Solapur Solar PV project at NTPC Solapur, Maharashtra.

With this, the total installed and commercial capacity of NTPC on a standalone and group basis now stands at 60,796 MW and 85,623 MW, respectively.

<a href="https://www.moneycontrol.com/india/stockpricequote/telecommunication-service-provider/vodafoneidea/IC8">Vodafone Idea</a>

The telecom operator has received an order from the Deputy Commissioner of State Tax, Mumbai, confirming a penalty of Rs 79.56 crore, alleging additional licence fee and spectrum usage charges for FY19.

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries-brakes/olaelectricmobility/OEM">Ola Electric Mobility</a>

The company has received incentives amounting to Rs 366.78 crore under the Production Linked Incentive Scheme for Automobile and Auto Components (PLI-Auto Scheme) for claims pertaining to FY25.

<a href="https://www.moneycontrol.com/india/stockpricequote/engineering-construction/vikranengineering/VEL01">Vikran Engineering</a>

The company has received a contract worth Rs 459.2 crore from NTPC Renewable Energy for EPC of a 400 MW AC solar project on a balance-of-system basis at Chitrakoot-1 in Uttar Pradesh.

<a href="https://www.moneycontrol.com/india/stockpricequote/shipping/seamec/S14">SEAMEC</a>

Its vessel, SEAMEC III, has sailed for the commencement of the second part of the Pipeline Replacement Project – Group A (PRP-VIII A) and the DSF II project with effect from December 25.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/zotahealthcare/ZHC">Zota Health Care</a>

The company has raised Rs 350 crore from a group of marquee investors through a qualified institutional placement (QIP) issue by allotting 22,80,130 equity shares at Rs 1,535 per share.

Investors who participated in the issue include Valiant Partners, 360 ONE, Prashant Jain-led 3P Investment Managers, White Oak Capital, Sanshi Fund-I, and Turnaround Opportunities Fund, among others.

<a href="https://www.moneycontrol.com/india/stockpricequote/cement-major/ultratechcement/UTC01">UltraTech Cement</a>

The company announced the commissioning of additional cement capacity at its Maharashtra and Rajasthan units, leading to an increase in production capacity of 1.8 mtpa.

As a result, its total domestic grey cement manufacturing capacity stands at 188.66 mtpa. Along with its overseas capacity of 5.4 mtpa, the company’s global capacity stands at 194.06 mtpa.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/stridespharmascience/SA10">Strides Pharma Science</a>

The United States Food and Drug Administration (USFDA) conducted a routine current Good Manufacturing Practices (cGMP) inspection at the formulations facility of the company’s subsidiary, Strides Pharma Inc, in the US from December 17 to December 23.

Following the inspection, the USFDA issued a Form 483 with four observations. These observations are procedural in nature, and the company does not anticipate any impact on the supply of its commercial products.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/panaceabiotec/PB02">Panacea Biotec</a>

The company has received an amendment to the Letter of Award from UNICEF for the supply of its WHO pre-qualified fully liquid pentavalent vaccine, Easyfive-TT, during calendar years 2023–2027. The original Letter of Award from UNICEF was received on October 10, 2022.

<a href="https://www.moneycontrol.com/india/stockpricequote/lubricants/castrolindia/CI01">Castrol India</a>

Motion JVCo, together with Stonepeak Motion Holdco, Stonepeak Infrastructure Fund V Cayman (AIV I) LP, Stonepeak Infrastructure Fund V (Lux) (AIV I) SCSp, and CPP Investment Board Private Holdings (6) Inc, has announced an open offer to acquire a 26% stake in Castrol India.

The acquirers will purchase up to 25.71 crore equity shares (26% stake) in Castrol India at Rs 194.04 per share.

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/indusindbank/IIB">IndusInd Bank</a>

The bank has received a letter on December 23 from the Serious Fraud Investigation Office (SFIO) regarding an investigation into the affairs of IndusInd Bank, seeking relevant information.

The bank continues to extend full cooperation and support to law enforcement agencies.

<a href="https://www.moneycontrol.com/india/stockpricequote/plastics/supremeindustries/SI48">Supreme Industries</a>

The company has received a Letter of Acceptance (LoA) from Bharat Petroleum Corporation (BPCL) for a repeat order to supply approximately 2 lakh units of 10.0 kg composite LPG cylinders. The total supply is expected to be valued at around Rs 54 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/cement-major/jkcement/JKC03">JK Cement</a>

The company has been declared the ‘preferred bidder’ for the mining lease of the Kishanpura Limestone Block in Nagaur, Rajasthan. The limestone block spans an area of 483 hectares and has G3-level exploration.

<a href="https://www.moneycontrol.com/india/stockpricequote/infrastructure-general/nbccindia/NBC01">NBCC (India)</a>

The company has signed a Memorandum of Understanding (MoU) with the Board of Mumbai Port Authority for the development of the CGO Complex on 25 acres of Mumbai Port land as deposit work on a turnkey basis. NBCC will serve as the project management consultant for the said works.

Bulk Deals

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries/belriseindustries/BIL08">Belrise Industries</a>

SBI Mutual Fund has bought 5.12 crore equity shares (equivalent to 5.8% of paid-up equity) in Belrise for Rs 788.3 crore, while BlackRock Global Investment Series – Global Equity Income Portfolio picked up an additional 70.5 lakh shares (0.79% stake) for Rs 108.37 crore at Rs 153.7 per share.

However, promoter entity Sumedh Tools was the seller in this deal, offloading its entire 5.83 crore shares (6.5% stake) for Rs 896.7 crore at the same price. Total promoter shareholding in the company as of September 2025 stood at 73.01%.

<a href="https://www.moneycontrol.com/india/stockpricequote/consumer-food/restaurantbrandsasia/BKI01">Restaurant Brands Asia</a>

Amansa Investments sold 76 lakh shares in Restaurant Brands Asia at Rs 64.29 per share and 66.3 lakh shares at Rs 64.1 per share, amounting to Rs 91.37 crore.

As of September 2025, Amansa Investments held a 4.85% stake, while Amansa Holdings held a 2.45% stake in Restaurant Brands Asia.

<a href="https://www.moneycontrol.com/india/stockpricequote/transport-infrastructure/capitalinfratrust/CIT02">Capital Infra Trust</a>

Pico Capital has acquired 34.6 lakh units (equivalent to 1.25% of outstanding units) in Capital Infra Trust for Rs 25.27 crore at Rs 73.05 per unit from Neo Treasury Plus Fund.

Stock Trades Ex-Date for Bonus

Ram Ratna Wires

Stock Trades Ex-Date for Spin Off

DCM Shriram Industries

Stock Trades Ex-Date for Rights

Hilton Metal Forging

Stock Trades Ex-Date for Split

Nuvama Wealth Management

Stock in F&amp;O ban

Sammaan Capital

Ownership, Material Conflicts of Interest and Disciplinary History

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

Details of Associate

Receipt of Compensation

Third-Party Compensation

Employment History

Market-Making Activities

Use of Artificial Intelligence

Stocks to Watch Today: Lenskart, KNR Constructions, Ola Electric, Vikran Engg, Strides Pharma, Panacea Biotec, Castrol, Supreme Industries, JK Cement in focus on 26 December

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

Stocks to Watch

AVG Logistics

The company has entered into a Memorandum of Understanding (MoU) with Baidyanath LNG for the adoption of LNG-powered transportation solutions across key industrial sectors, including steel and metals, FMCG, cement, and other high-volume logistics segments.

Lenskart Solutions

The Board of Lenskart Solutions Pte (Singapore), the wholly owned subsidiary of Lenskart Solutions, has approved an investment of KRW 3 billion (approximately Rs 18.6 crore) for the acquisition of a 29.24% stake in Korea-based startup iiNeer Corp. iiNeer develops technology-enabled eye-testing and lens-cutting equipment.

Gujarat Gas

Milind Torawane, IAS, has resigned as Managing Director (MD) of the company with effect from December 24, consequent to his appointment as Principal Secretary to the Government, Education Department (Primary &amp;amp; Secondary Education).

The Gujarat Government has appointed Avantika Singh Aulakh, IAS, as the Managing Director of Gujarat Gas.

KNR Constructions

The company has executed Share Purchase Agreements (SPAs) with Indus Infra Trust for the sale of its 100% shareholding (including sub-debt) in four special purpose vehicles (SPVs) — KNR Palani Infra, KNR Ramagiri Infra, KNR Guruvayur Infra, and KNR Ramanattukara Infra.

The company is expected to invest Rs 566.83 crore (in the form of equity and sub-debt) in the SPVs, against which it is expected to receive Rs 1,543.19 crore. This includes Rs 1,398.65 crore towards sale consideration and Rs 144.54 crore as estimated cash surplus, which will be upstreamed to the company in an agreed manner through this transaction.

NTPC

The company has commissioned the second and final part of 13 MW out of the 23 MW capacity of the Solapur Solar PV project at NTPC Solapur, Maharashtra.

With this, the total installed and commercial capacity of NTPC on a standalone and group basis now stands at 60,796 MW and 85,623 MW, respectively.

Vodafone Idea

The telecom operator has received an order from the Deputy Commissioner of State Tax, Mumbai, confirming a penalty of Rs 79.56 crore, alleging additional licence fee and spectrum usage charges for FY19.

Ola Electric Mobility

The company has received incentives amounting to Rs 366.78 crore under the Production Linked Incentive Scheme for Automobile and Auto Components (PLI-Auto Scheme) for claims pertaining to FY25.

Vikran Engineering

The company has received a contract worth Rs 459.2 crore from NTPC Renewable Energy for EPC of a 400 MW AC solar project on a balance-of-system basis at Chitrakoot-1 in Uttar Pradesh.

SEAMEC

Its vessel, SEAMEC III, has sailed for the commencement of the second part of the Pipeline Replacement Project – Group A (PRP-VIII A) and the DSF II project with effect from December 25.

Zota Health Care

The company has raised Rs 350 crore from a group of marquee investors through a qualified institutional placement (QIP) issue by allotting 22,80,130 equity shares at Rs 1,535 per share.

Investors who participated in the issue include Valiant Partners, 360 ONE, Prashant Jain-led 3P Investment Managers, White Oak Capital, Sanshi Fund-I, and Turnaround Opportunities Fund, among others.

UltraTech Cement

The company announced the commissioning of additional cement capacity at its Maharashtra and Rajasthan units, leading to an increase in production capacity of 1.8 mtpa.

As a result, its total domestic grey cement manufacturing capacity stands at 188.66 mtpa. Along with its overseas capacity of 5.4 mtpa, the company’s global capacity stands at 194.06 mtpa.

Strides Pharma Science

The United States Food and Drug Administration (USFDA) conducted a routine current Good Manufacturing Practices (cGMP) inspection at the formulations facility of the company’s subsidiary, Strides Pharma Inc, in the US from December 17 to December 23.

Following the inspection, the USFDA issued a Form 483 with four observations. These observations are procedural in nature, and the company does not anticipate any impact on the supply of its commercial products.

Panacea Biotec

The company has received an amendment to the Letter of Award from UNICEF for the supply of its WHO pre-qualified fully liquid pentavalent vaccine, Easyfive-TT, during calendar years 2023–2027. The original Letter of Award from UNICEF was received on October 10, 2022.

Castrol India

Motion JVCo, together with Stonepeak Motion Holdco, Stonepeak Infrastructure Fund V Cayman (AIV I) LP, Stonepeak Infrastructure Fund V (Lux) (AIV I) SCSp, and CPP Investment Board Private Holdings (6) Inc, has announced an open offer to acquire a 26% stake in Castrol India.

The acquirers will purchase up to 25.71 crore equity shares (26% stake) in Castrol India at Rs 194.04 per share.

IndusInd Bank

The bank has received a letter on December 23 from the Serious Fraud Investigation Office (SFIO) regarding an investigation into the affairs of IndusInd Bank, seeking relevant information.

The bank continues to extend full cooperation and support to law enforcement agencies.

Supreme Industries

The company has received a Letter of Acceptance (LoA) from Bharat Petroleum Corporation (BPCL) for a repeat order to supply approximately 2 lakh units of 10.0 kg composite LPG cylinders. The total supply is expected to be valued at around Rs 54 crore.

JK Cement

The company has been declared the ‘preferred bidder’ for the mining lease of the Kishanpura Limestone Block in Nagaur, Rajasthan. The limestone block spans an area of 483 hectares and has G3-level exploration.

NBCC (India)

The company has signed a Memorandum of Understanding (MoU) with the Board of Mumbai Port Authority for the development of the CGO Complex on 25 acres of Mumbai Port land as deposit work on a turnkey basis. NBCC will serve as the project management consultant for the said works.

Bulk Deals

Belrise Industries

SBI Mutual Fund has bought 5.12 crore equity shares (equivalent to 5.8% of paid-up equity) in Belrise for Rs 788.3 crore, while BlackRock Global Investment Series – Global Equity Income Portfolio picked up an additional 70.5 lakh shares (0.79% stake) for Rs 108.37 crore at Rs 153.7 per share.

However, promoter entity Sumedh Tools was the seller in this deal, offloading its entire 5.83 crore shares (6.5% stake) for Rs 896.7 crore at the same price. Total promoter shareholding in the company as of September 2025 stood at 73.01%.

Restaurant Brands Asia

Amansa Investments sold 76 lakh shares in Restaurant Brands Asia at Rs 64.29 per share and 66.3 lakh shares at Rs 64.1 per share, amounting to Rs 91.37 crore.

As of September 2025, Amansa Investments held a 4.85% stake, while Amansa Holdings held a 2.45% stake in Restaurant Brands Asia.

Capital Infra Trust

Pico Capital has acquired 34.6 lakh units (equivalent to 1.25% of outstanding units) in Capital Infra Trust for Rs 25.27 crore at Rs 73.05 per unit from Neo Treasury Plus Fund.

Stock Trades Ex-Date for Bonus

Ram Ratna Wires

Stock Trades Ex-Date for Spin Off

DCM Shriram Industries

Stock Trades Ex-Date for Rights

Hilton Metal Forging

Stock Trades Ex-Date for Split

Nuvama Wealth Management

Stock in F&amp;amp;O ban

Sammaan Capital

DGP Securities, Alcon Finance & Investments, Kiddy Plast, Kemp and Company, and Piramal Vibhuti Investments, being the existing promoters, sold in total 26.07 percent stake (3.7 crore shares) in VIP Industries for Rs 1,436.88 crore.

shorts/business/multiples-pe-gift-fund-multiples-pe-fund-samvibhag-securities-pick-26-stake-in-vip-industries-from-promoters

Multiples PE Gift Fund, Multiples PE Fund, and Samvibhag Securities have acquired 25.55 percent equity stake in VIP Industries, the luggage company, from old promoters via open market transactions on December 24.

Multiples Private Equity Fund IV and Multiples Private Equity Gift Fund IV has already been classified as promoters in <a href="https://www.moneycontrol.com/india/stockpricequote/householdpersonal-products/vipindustries/VIP">VIP Industries</a> effective September 23 this year, holding 2.01 percent and 2.22 percent stakes, respectively since September 26 this year. Samvibhag Securities, Mithun Padam Sacheti and Siddhartha Sacheti also acquired 1.67 percent stake in the company at the same time.

As per the bulk deals data published on Wednesday, Multiples Private Equity Gift Fund IV has acquired additional 1.39 crore shares (equivalent to 9.79 percent of paid-up equity) in VIP Industries for Rs 539.88 crore, Multiples Private Equity Fund IV also bought additional 1.26 crore shares (8.88 percent stake) for Rs 489.5 crore, and Samvibhag Securities 97.65 lakh shares (6.87 percent stake) for Rs 378.91 crore.

The acquisition price for the above-mentioned total 25.55 percent stake is Rs 388 per share, valued at Rs 1,408.29 crore.

However, DGP Securities, Alcon Finance &amp; Investments, Kiddy Plast, Kemp and Company, and Piramal Vibhuti Investments, being the existing promoters, sold in total 26.07 percent stake (3.7 crore shares) in VIP Industries for Rs 1,436.88 crore.

DGP Securities sold 1.41 crore equity shares (9.93 percent stake out of its total 27 percent shareholding) for Rs 547.31 crore, Alcon Finance &amp; Investments 27.97 lakh shares (1.97 percent of 1.98 percent) for Rs 108.53 crore, Kiddy Plast 22.26 lakh shares (1.56 percent of 1.57 percent) for Rs 86.38 crore, Kemp and Company 33.43 lakh shares (2.35 percent of 2.36 percent) for Rs 129.71 crore at Rs 388 per share, while Piramal Vibhuti Investments sold 1.45 crore shares (10.25 percent of 10.26 percent) for Rs 564.93 crore at Rs 388.01 per share.

After this big stake sale, existing promoters - DGP Securities, Alcon Finance &amp; Investments, Kiddy Plast, Kemp and Company, and Piramal Vibhuti Investments informed exchanges on Wednesday (December 24) that their shareholding now reduced to 17.07 percent, 0.01 percent, 0.01 percent, 0.01 percent, and 0.01 percent, respectively in VIP Industries.

Multiples Private Equity Fund IV is a Category II Alternative Investment Fund (AIF) managed by Multiples Alternate Asset Management (MAAMPL), an while Multiples Private Equity Gift Fund IV is an investment fund managed by Multiples Asset Management IFSC LLP, a controlled entity of MAAMPL.

Perhaps, this seems to be the part of open offer launched for acquisition of up to 3.7 crore shares (26.03 percent stake) in VIP Industries at Rs 388 per share. Multiples Private Equity Fund IV and Multiples Private Equity Gift Fund IV (acquirers), together with Samvibhag Securities (portfolio company of Akash Bhanshali), Mithun Padam Sacheti, Siddhartha Sacheti, and Profitex Shares and Securities (PACs - persons acting in concert) are acquirers in the open offer launched in November this year.

In August this year, the Competition Commission of India had approved the acquisition of shareholding in VIP Industries by Multiples Private Equity Fund IV, Multiples Private Equity Gift Fund IV, Samvibhag Securities, Mithun Padam Sacheti and Siddhartha Sacheti.

The acquirers and the PACs had made a cash deposit of Rs 1,218.98 crore in the Open Offer Escrow Account on September 22, which was in addition to the initial cash deposit of Rs 218.8 crore made by them, taking the total cash deposited in the account is Rs 1,437.78 crore.

VIP Industries shares seem to have reacted to this big transaction, climbing 11.61 percent to Rs 408.05 (the highest closing level since October 30) amid significant volumes on Tuesday.

Meanwhile, the brisk action was also seen in <a href="https://www.moneycontrol.com/india/stockpricequote/hotels/vikramkamatshospitality/VR05">Vikram Kamats Hospitality</a>, which shares gained 1.35 percent to Rs 54.90. Green Portfolio through its Super 30 Dynamic Fund sold 1.36 lakh shares for Rs 75.19 lakh, however, The Golden Bird Investment Trust - I bought 1.7 lakh shares for Rs 93.33 lakh. The transacted price was Rs 54.9 per share.

<a href="https://www.moneycontrol.com/india/stockpricequote/transport-infrastructure/capitalinfratrust/CIT02">Capital Infra Trust</a> also remained in action. Larsen &amp; Toubro (which already held 2.4 percent stake as of September 2025) has acquired additional 1.64 crore units (5.98 percent stake) in the infrastructure investment trust at Rs 119.76 crore at Rs 72.68 per unit, and Ambit Wealth picked up 34.57 lakh units (1.25 percent stake) for Rs 25.1 crore at Rs 72.6 per unit.

However, Dharmayug Investments has offloaded 2.07 crore units in Capital Infra Trust (7.53 percent stake) for Rs 150.72 crore at Rs 72.6 per unit.

In <a href="https://www.moneycontrol.com/india/stockpricequote/mediaentertainment/zeemediacorporation/ZN">Zee News</a> (Zee Media Corporation), Auv Innovations LLP acquired 1.51 crore shares for Rs 14.22 crore, however, Miloeux Media &amp; Entertainment sold 1.5 crore shares for Rs 14.11 crore. The transaction price was Rs 9.41 per share.

<img class="alignnone size-full wp-image-13742609 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/12/20251225200955_Image3025122025.jpg" alt="Image3025122025" width="700" height="2358" />

Multiples PE Gift Fund, Multiples PE Fund, Samvibhag Securities pick 26% stake in VIP Industries from promoters

Multiples PE Gift Fund, Multiples PE Fund, and Samvibhag Securities have acquired 25.55 percent equity stake in VIP Industries, the luggage company, from old promoters via open market transactions on December 24.

Multiples Private Equity Fund IV and Multiples Private Equity Gift Fund IV has already been classified as promoters in VIP Industries effective September 23 this year, holding 2.01 percent and 2.22 percent stakes, respectively since September 26 this year. Samvibhag Securities, Mithun Padam Sacheti and Siddhartha Sacheti also acquired 1.67 percent stake in the company at the same time.

As per the bulk deals data published on Wednesday, Multiples Private Equity Gift Fund IV has acquired additional 1.39 crore shares (equivalent to 9.79 percent of paid-up equity) in VIP Industries for Rs 539.88 crore, Multiples Private Equity Fund IV also bought additional 1.26 crore shares (8.88 percent stake) for Rs 489.5 crore, and Samvibhag Securities 97.65 lakh shares (6.87 percent stake) for Rs 378.91 crore.

The acquisition price for the above-mentioned total 25.55 percent stake is Rs 388 per share, valued at Rs 1,408.29 crore.

However, DGP Securities, Alcon Finance &amp;amp; Investments, Kiddy Plast, Kemp and Company, and Piramal Vibhuti Investments, being the existing promoters, sold in total 26.07 percent stake (3.7 crore shares) in VIP Industries for Rs 1,436.88 crore.

DGP Securities sold 1.41 crore equity shares (9.93 percent stake out of its total 27 percent shareholding) for Rs 547.31 crore, Alcon Finance &amp;amp; Investments 27.97 lakh shares (1.97 percent of 1.98 percent) for Rs 108.53 crore, Kiddy Plast 22.26 lakh shares (1.56 percent of 1.57 percent) for Rs 86.38 crore, Kemp and Company 33.43 lakh shares (2.35 percent of 2.36 percent) for Rs 129.71 crore at Rs 388 per share, while Piramal Vibhuti Investments sold 1.45 crore shares (10.25 percent of 10.26 percent) for Rs 564.93 crore at Rs 388.01 per share.

After this big stake sale, existing promoters - DGP Securities, Alcon Finance &amp;amp; Investments, Kiddy Plast, Kemp and Company, and Piramal Vibhuti Investments informed exchanges on Wednesday (December 24) that their shareholding now reduced to 17.07 percent, 0.01 percent, 0.01 percent, 0.01 percent, and 0.01 percent, respectively in VIP Industries.

Multiples Private Equity Fund IV is a Category II Alternative Investment Fund (AIF) managed by Multiples Alternate Asset Management (MAAMPL), an while Multiples Private Equity Gift Fund IV is an investment fund managed by Multiples Asset Management IFSC LLP, a controlled entity of MAAMPL.

Perhaps, this seems to be the part of open offer launched for acquisition of up to 3.7 crore shares (26.03 percent stake) in VIP Industries at Rs 388 per share. Multiples Private Equity Fund IV and Multiples Private Equity Gift Fund IV (acquirers), together with Samvibhag Securities (portfolio company of Akash Bhanshali), Mithun Padam Sacheti, Siddhartha Sacheti, and Profitex Shares and Securities (PACs - persons acting in concert) are acquirers in the open offer launched in November this year.

In August this year, the Competition Commission of India had approved the acquisition of shareholding in VIP Industries by Multiples Private Equity Fund IV, Multiples Private Equity Gift Fund IV, Samvibhag Securities, Mithun Padam Sacheti and Siddhartha Sacheti.

The acquirers and the PACs had made a cash deposit of Rs 1,218.98 crore in the Open Offer Escrow Account on September 22, which was in addition to the initial cash deposit of Rs 218.8 crore made by them, taking the total cash deposited in the account is Rs 1,437.78 crore.

VIP Industries shares seem to have reacted to this big transaction, climbing 11.61 percent to Rs 408.05 (the highest closing level since October 30) amid significant volumes on Tuesday.

Meanwhile, the brisk action was also seen in Vikram Kamats Hospitality, which shares gained 1.35 percent to Rs 54.90. Green Portfolio through its Super 30 Dynamic Fund sold 1.36 lakh shares for Rs 75.19 lakh, however, The Golden Bird Investment Trust - I bought 1.7 lakh shares for Rs 93.33 lakh. The transacted price was Rs 54.9 per share.

Capital Infra Trust also remained in action. Larsen &amp;amp; Toubro (which already held 2.4 percent stake as of September 2025) has acquired additional 1.64 crore units (5.98 percent stake) in the infrastructure investment trust at Rs 119.76 crore at Rs 72.68 per unit, and Ambit Wealth picked up 34.57 lakh units (1.25 percent stake) for Rs 25.1 crore at Rs 72.6 per unit.

However, Dharmayug Investments has offloaded 2.07 crore units in Capital Infra Trust (7.53 percent stake) for Rs 150.72 crore at Rs 72.6 per unit.

In Zee News (Zee Media Corporation), Auv Innovations LLP acquired 1.51 crore shares for Rs 14.22 crore, however, Miloeux Media &amp;amp; Entertainment sold 1.5 crore shares for Rs 14.11 crore. The transaction price was Rs 9.41 per share.

Indian law student refuted claims that India's Pakistan policy is mere populism, Bhanushali cited terror attacks to justify India's security-driven stance., He contrasted India's restraint with Pakistan's alleged use of terrorism.

Indian law student Viraansh Bhanushali refuted claims that India’s Pakistan policy is mere populism, citing decades of terror attacks and arguing India’s responses are measured, not election-driven, while accusing Pakistan of using terror as state policy.

shorts/world/i-don-t-need-rhetoric-just-a-calendar-how-an-indian-student-exposed-pakistan-s-terror-narrative-at-oxford-union-watch

Hindustan Zinc shares rose over 6 percent in a three-day rally till Wednesday, tracking the continued surge in silver prices.

The stock touched a fresh 52-week high of Rs 631.90 on the NSE, rising 3.62 percent during the session. It is at its highest level since August 2024.

The rally in the stock came amid a sharp rise in prices of precious metals.

Gold crossed $4,500 an ounce for the first time on Wednesday, while silver and platinum also hit record highs, driven by safe-haven demand and expectations of further interest rate cuts in the US.

Silver touched an all-time high of $72.70 an ounce and was last trading 0.9 percent higher at $72.09. Platinum peaked at $2,377.50 before easing to trade 0.3 percent higher at $2,282.70.

US President Donald Trump said on Tuesday that he wants the next Federal Reserve chairman to lower interest rates if markets are performing well. Precious metals, which do not offer yields, tend to benefit in a low interest rate environment. Markets are currently factoring in two rate cuts next year.

(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.

Hindustan Zinc shares rise 6% in 3-day rally as silver's bull run continues

Hindustan Zinc shares rose over 6 percent in a three-day rally till Wednesday, tracking the continued surge in silver prices.

The stock touched a fresh 52-week high of Rs 631.90 on the NSE, rising 3.62 percent during the session. It is at its highest level since August 2024.

The rally in the stock came amid a sharp rise in prices of precious metals.

Gold crossed $4,500 an ounce for the first time on Wednesday, while silver and platinum also hit record highs, driven by safe-haven demand and expectations of further interest rate cuts in the US.

Silver touched an all-time high of $72.70 an ounce and was last trading 0.9 percent higher at $72.09. Platinum peaked at $2,377.50 before easing to trade 0.3 percent higher at $2,282.70.

US President Donald Trump said on Tuesday that he wants the next Federal Reserve chairman to lower interest rates if markets are performing well. Precious metals, which do not offer yields, tend to benefit in a low interest rate environment. Markets are currently factoring in two rate cuts next year.

(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.

Cupid shares surged over 500 percent this year, rising 10 times in two years, Promoter pledged shares cut to 20%, boosting investor confidence, Cupid makes condoms, lubricant jelly, and IVD kits with WHO/UNFPA pre-qualification.

* Cupid shares surged over 500 percent this year, rising 10 times in two years
* Promoter pledged shares cut to 20%, boosting investor confidence
* Cupid makes condoms, lubricant jelly, and IVD kits with WHO/UNFPA pre-qualification.

Cupid shares have surged over 500% in 2025 and 10 times in two years, driven by strong financials and reduced promoter share pledges. The condom-maker’s improved balance sheet and business momentum have boosted investor confidence and market value.

shorts/business/cupid-shares-rise-10x-in-two-years-now-promoter-reduces-pledge-from-36-to-20

* Cupid shares surged over 500 percent this year, rising 10 times in two years
* Promoter pledged shares cut to 20%, boosting investor confidence
* Cupid makes condoms, lubricant jelly, and IVD kits with WHO/UNFPA pre-qualification.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/cupid/CR02">Cupid</a> have seen a significant surge this year so far, jumping over 500 percent. Several reasons may have led to the sharp uptrend in the stock, which has now jumped a whopping 10 times in two years.

The shares of the condom-maker closed more than 1 percent higher at Rs 474.65 apiece on December 24.
<h3>What does Cupid do?</h3>
Cupid manufactures and supplies male and female condoms, water-based lubricant jelly and IVD kits. The company has a current capacity of over 480 million pieces for male condoms, 52 million pieces of the female condoms and 210 million sachets of lubricant jelly per annum.

The company's manufacturing facility is located at Sinnar near Nashik, about 200 km east of Mumbai. It claims to be the first company in the world to obtain pre-qualification status from WHO/UNFPA for supply of both male and female condoms.
<h3>Cupid promoter pledge:</h3>
In an exchange filing released on December 23, Cupid announced that the pledged shareholding in the company today stands at 20 percent, after being reduced from 36.13 percent as on September 30.

The firm said that this meaningful reduction highlights its improving financial strength and the promoters’ strong confidence in its long-term growth trajectory. The lower level of pledged shares is expected to further enhance investor confidence and reflects the company’s disciplined financial management, it added.

"The reduction in promoter share pledge is a reflection of our strengthening balance sheet and sustained business momentum. It reinforces our commitment to maintaining financial prudence, transparency, and long-term value creation for our shareholders," said Aditya Kumar Halwasiya, Chairman and Managing Director, Cupid.
<h3>Cupid share price history:</h3>
Cupid shares have surged nearly 10 percent in the past five days, and around 41 percent in the past one month. The stock rallied 395 percent in the past six months, 524 percent in 2025 so far and a whopping 3,752 percent in the past five years.

Its P/E ratio currently stands at 264.54. Market capitalisation of the company stands at Rs 12,743 crore.

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.

Cupid shares rise 10x in two years; now, promoter reduces pledge from 36% to 20%

The shares of Cupid have seen a significant surge this year so far, jumping over 500 percent. Several reasons may have led to the sharp uptrend in the stock, which has now jumped a whopping 10 times in two years.

The shares of the condom-maker closed more than 1 percent higher at Rs 474.65 apiece on December 24.
What does Cupid do?
Cupid manufactures and supplies male and female condoms, water-based lubricant jelly and IVD kits. The company has a current capacity of over 480 million pieces for male condoms, 52 million pieces of the female condoms and 210 million sachets of lubricant jelly per annum.

The company's manufacturing facility is located at Sinnar near Nashik, about 200 km east of Mumbai. It claims to be the first company in the world to obtain pre-qualification status from WHO/UNFPA for supply of both male and female condoms.
Cupid promoter pledge:
In an exchange filing released on December 23, Cupid announced that the pledged shareholding in the company today stands at 20 percent, after being reduced from 36.13 percent as on September 30.

The firm said that this meaningful reduction highlights its improving financial strength and the promoters’ strong confidence in its long-term growth trajectory. The lower level of pledged shares is expected to further enhance investor confidence and reflects the company’s disciplined financial management, it added.

&quot;The reduction in promoter share pledge is a reflection of our strengthening balance sheet and sustained business momentum. It reinforces our commitment to maintaining financial prudence, transparency, and long-term value creation for our shareholders,&quot; said Aditya Kumar Halwasiya, Chairman and Managing Director, Cupid.
Cupid share price history:
Cupid shares have surged nearly 10 percent in the past five days, and around 41 percent in the past one month. The stock rallied 395 percent in the past six months, 524 percent in 2025 so far and a whopping 3,752 percent in the past five years.

Its P/E ratio currently stands at 264.54. Market capitalisation of the company stands at Rs 12,743 crore.

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.

Naagin 7 premieres December 27, 2025, with new mysteries and drama., Sahil Uppal plays Vikram, a human who marries Namik Paul's character's sister., Tejasswi's cameo as Pragati will impact the storyline in the first episode.

* Naagin 7 premieres December 27, 2025, with new mysteries and drama.
* Sahil Uppal plays Vikram, a human who marries Namik Paul's character's sister.
* Tejasswi's cameo as Pragati will impact the storyline in the first episode.

Naagin 7 premieres December 27, 2025, featuring Sahil Uppal as Vikram, a human character who marries Namik Paul’s character’s sister, adding emotional drama. Tejasswi appears in a cameo as Pragati, impacting the storyline in the first episode.

shorts/entertainment/naagin-7-sahil-uppal-s-character-details-revealed-no-superpowers-but-will-have-a-strong-connection-with-namik-paul-s-character

Orkla India shares settled higher on Wednesday after ICICI Securities initiated coverage on the stock with a ‘Buy’ rating.

The stock settled at Rs 612 apiece on the NSE, up 0.39 percent from the previous close.

ICICI Securities set a price target of Rs 800, indicating an upside potential of about 30 percent from current levels.

The brokerage said Orkla India’s core strength lies in its dominant market position in southern India through its legacy brands MTR and Eastern, along with continued expansion of its distribution network.

It added that exports account for about 21 percent of the company’s revenue, making Orkla India the country’s largest branded spice exporter with presence in over 40 countries. It expects exports to grow at a compounded annual growth rate of around 12 percent during FY25 to FY28.

ICICI Securities also expects margin expansion and stronger cash flow generation on the back of operational efficiencies and an improved product mix, which could lead to a meaningful improvement in return on capital employed, reported Informist.

Earlier, global brokerage JPMorgan initiated coverage on <a href="https://www.moneycontrol.com/india/stockpricequote/consumer-food/orklaindia/OIL02">Orkla India</a> with an ‘Overweight’ rating and a price target of Rs 745.
<h3><a href="https://www.moneycontrol.com/news/business/markets/jpmorgan-initiates-coverage-on-orkla-india-with-overweight-sees-up-to-21-upside-13729955.html" target="_blank">JPMorgan initiates coverage on Orkla India with 'overweight', sees up to 21% upside</a></h3>
Orkla India reported a 7.26 percent decline in its net profit at Rs 76.68 crore in the September quarter. The company had posted a net profit of Rs 82.69 crore during the July-September period a year ago.

Its revenue from operations grew 4.92% to Rs 650.28 crore in the September quarter. It was Rs 619.76 crore in the corresponding period a year ago.

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.

Orkla India shares rise as ICICI Securities initiates coverage with 'Buy' rating

Orkla India shares settled higher on Wednesday after ICICI Securities initiated coverage on the stock with a ‘Buy’ rating.

The stock settled at Rs 612 apiece on the NSE, up 0.39 percent from the previous close.

ICICI Securities set a price target of Rs 800, indicating an upside potential of about 30 percent from current levels.

The brokerage said Orkla India’s core strength lies in its dominant market position in southern India through its legacy brands MTR and Eastern, along with continued expansion of its distribution network.

It added that exports account for about 21 percent of the company’s revenue, making Orkla India the country’s largest branded spice exporter with presence in over 40 countries. It expects exports to grow at a compounded annual growth rate of around 12 percent during FY25 to FY28.

ICICI Securities also expects margin expansion and stronger cash flow generation on the back of operational efficiencies and an improved product mix, which could lead to a meaningful improvement in return on capital employed, reported Informist.

Earlier, global brokerage JPMorgan initiated coverage on Orkla India with an ‘Overweight’ rating and a price target of Rs 745.
JPMorgan initiates coverage on Orkla India with 'overweight', sees up to 21% upside
Orkla India reported a 7.26 percent decline in its net profit at Rs 76.68 crore in the September quarter. The company had posted a net profit of Rs 82.69 crore during the July-September period a year ago.

Its revenue from operations grew 4.92% to Rs 650.28 crore in the September quarter. It was Rs 619.76 crore in the corresponding period a year ago.

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.

Refineries Industry Stocks
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Earnings Review-Q2 FY25-26

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Stocks to Watch Today: Lenskart, KNR Constructions, Ola Electric, Vikran Engg, Strides Pharma, Panacea Biotec, Castrol, Supreme Industries, JK Cement in focus on 26 December

Multiples PE Gift Fund, Multiples PE Fund, Samvibhag Securities pick 26% stake in VIP Industries from promoters

Hindustan Zinc shares rise 6% in 3-day rally as silver's bull run continues

Cupid shares rise 10x in two years; now, promoter reduces pledge from 36% to 20%

Orkla India shares rise as ICICI Securities initiates coverage with 'Buy' rating

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

Gainers/Losers

Industry Market Map

Earnings Review-Q2 FY25-26

Stock News

Stocks to Watch Today: Lenskart, KNR Constructions, Ola Electric, Vikran Engg, Strides Pharma, Panacea Biotec, Castrol, Supreme Industries, JK Cement in focus on 26 December

Multiples PE Gift Fund, Multiples PE Fund, Samvibhag Securities pick 26% stake in VIP Industries from promoters

Hindustan Zinc shares rise 6% in 3-day rally as silver's bull run continues

Cupid shares rise 10x in two years; now, promoter reduces pledge from 36% to 20%

Orkla India shares rise as ICICI Securities initiates coverage with 'Buy' rating

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