< -5%

-5% to -3%

KPIL

-3% to 0%

Bondada Eng

Akanksha Power

0% to 3%

Rama Telecom

3% to 5%

Kore Digital

Smallcap World Fund sold half a percent equity stake in Delhivery, the third party logistics service provider, via open market transactions on October 17.

Despite stake sale, <a href="https://www.moneycontrol.com/india/stockpricequote/courier-services/delhivery/D06">Delhivery</a> shares rallied 4.15 percent to Rs 465.35 with above-average volumes. Technically, the stock surged above short and medium term moving averages and the midline of Bollinger bands.

Smallcap World Fund Inc offloaded 39.17 lakh shares (equivalent to 0.52 percent stake) at Rs 448.35 per share for Rs 175.66 crore.

Meanwhile, <a href="https://www.moneycontrol.com/india/stockpricequote/lifehealth-insurance/canarahsbclifeinsurancecompany/CHL02">Canara HSBC Life Insurance Company</a> shares saw a good market debut, rising 5.11 percent to Rs 111.42 despite exiting by Oxbow Master Fund.

Oxbow Master Fund, which is backed by Hong Kong based investment advisor Oxbow Capital Management (HK), offloaded its entire 1,64,44,730 equity shares (1.73 percent stake) at Rs 110.15 per share for Rs 181.1 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/aerospacedefence/mtartechnologies/MT15">MTAR Technologies</a>, which manufactures components and equipment for the defense, aerospace, nuclear and clean energy segments, was also in action, rising 3.09 percent to Rs 2,288.9. BNP Paribas Financial Markets acquired 3.53 lakh shares at Rs 2,288.52 per share for Rs 80.8 crore.

LTIMindtree bought 1 crore units in IRB Infrastructure Developers-sponsored infrastructure investment trust <a href="https://www.moneycontrol.com/india/stockpricequote/construction-infrastructure/irbinvit/II04">IRB InvIT Fund</a> at Rs 60.93 per unit for Rs 60.93 crore. However, IIFL Finance sold 1.17 crore units at Rs 60.43 per unit for Rs 70.5 crore, and Kotak Mahindra Bank offloaded 1.28 crore units at Rs 62.31 per unit for Rs 79.86 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

Smallcap World Fund sells half a percent stake in Delhivery for Rs 176 crore, Oxbow Master Fund exits Canara HSBC Life

Smallcap World Fund sold half a percent equity stake in Delhivery, the third party logistics service provider, via open market transactions on October 17.

Despite stake sale, Delhivery shares rallied 4.15 percent to Rs 465.35 with above-average volumes. Technically, the stock surged above short and medium term moving averages and the midline of Bollinger bands.

Smallcap World Fund Inc offloaded 39.17 lakh shares (equivalent to 0.52 percent stake) at Rs 448.35 per share for Rs 175.66 crore.

Meanwhile, Canara HSBC Life Insurance Company shares saw a good market debut, rising 5.11 percent to Rs 111.42 despite exiting by Oxbow Master Fund.

Oxbow Master Fund, which is backed by Hong Kong based investment advisor Oxbow Capital Management (HK), offloaded its entire 1,64,44,730 equity shares (1.73 percent stake) at Rs 110.15 per share for Rs 181.1 crore.

MTAR Technologies, which manufactures components and equipment for the defense, aerospace, nuclear and clean energy segments, was also in action, rising 3.09 percent to Rs 2,288.9. BNP Paribas Financial Markets acquired 3.53 lakh shares at Rs 2,288.52 per share for Rs 80.8 crore.

LTIMindtree bought 1 crore units in IRB Infrastructure Developers-sponsored infrastructure investment trust IRB InvIT Fund at Rs 60.93 per unit for Rs 60.93 crore. However, IIFL Finance sold 1.17 crore units at Rs 60.43 per unit for Rs 70.5 crore, and Kotak Mahindra Bank offloaded 1.28 crore units at Rs 62.31 per unit for Rs 79.86 crore.

Domestic brokerage Motilal Oswal Wealth Management has listed out 10 stocks for investors to buy this Diwali. This comes as investors actively await the special Diwali muhurat trading session, which will be conducted on Indian stock exchanges NSE and BSE on October 21 between 1:45 pm and 2:45 pm.

Celebrated every year on Diwali, the hour-long session marks the beginning of the Hindu financial year, also known as Samvat.

Here is a list of stocks Motilal Oswal Wealth Management had advised investors to invest in this Diwali:

State Bank of India:

The domestic brokerage kept a target price of Rs 1,000 apiece for the shares of <a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/statebankindia/SBI">State Bank of India</a> (SBI). This implies an upside potential of nearly 13 percent from the stock's previous closing price of Rs 886.95 apiece.

Motilal said that structural tailwinds from government reforms like GST 2.0, income tax reforms and RBI's liquidity infusion will lead to robust credit growth and support profitability for BFSI sector. "SBI stands out for its diversified growth momentum across retail, SME, and corporate segments, supported by a robust credit pipeline and digital transformation," it added.

SBI shares have gained over 1 percent in the past five days, and around 4 percent in the past one month. The stock, which is up around 12 percent in 2025 so far, currently has a P/E ratio of 10. Earlier during the day today, the stock rose around 1 percent to hit a 52-week high of Rs 894.75 apiece.

Mahindra &amp; Mahindra:

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-carsjeeps/mahindramahindra/MM">Mahindra &amp; Mahindra</a> (M&amp;M) got a target price of Rs 4,091 apiece from Motilal Oswal. This implies an upside potential of around 15 percent from the stock's previous closing price.

The company plans to launch seven ICE SUVs, five BEVs and five LCVs by 2030, beginning from the calendar year 2026, Motilal said. This positions the automaker strongly across both ICE and EV segments.

"M&amp;M is poised to deliver strong earnings growth, driven by rural recovery, &amp; robust launches, further reinforced by improving tractor margins &amp; immediate GST rate pass-through to consumers," it added.

Bharat Electronics:

Motilal Oswal kept a target price of Rs 490 apiece for the shares of <a href="https://www.moneycontrol.com/india/stockpricequote/aerospacedefence/bharatelectronics/BE03">Bharat Electronics</a> (BEL). This implies an upside potential of around 19 percent from the stock's previous closing price. The domestic brokerage said that the Indian army's tender worth Rs 30,000 crore for 'Anant Shastra' project, with BEL as its lead integrator, boosts its order book beyond Rs 1 trillion and underscores its leadership in strategic defense programs.

"Positioned strongly under the TPCR 2025 roadmap, it is set to benefit from sustained opportunities across the Army, Navy, and Air Force. BEL offers robust long-term growth visibility, making it a compelling investment in India’s defense modernization journey," it added.

Swiggy:

<a href="https://www.moneycontrol.com/india/stockpricequote/online-services/swiggy/SL24">Swiggy</a> expects its Quick Commerce arm Instamart to achieve profitability sooner, aided by easing competition, moderated dark store expansion and lower acquisition costs, Motilal noted. It further highlighted that the company has strengthened its food delivery outlook, with growth estimates raised to approximately 23 percent for FY26–FY27 (as against the previous estimate of 20 percent), driven by GST-led boost to disposable income &amp; rising discretionary spending.

Motilal has set a target price of Rs 550 apiece for the shares of Swiggy, marking an upside potential of nearly 23 percent from the stock's previous closing price.

Indian Hotels:

The domestic brokerage has set a target price of Rs 880 apiece for the shares of <a href="https://www.moneycontrol.com/india/stockpricequote/hotels/indianhotelscompany/IHC">Indian Hotels Company</a>. This marks a 19 percent upside potential from the stock's previous closing price of Rs 738.05 apiece. "The Indian hospitality industry is set for robust growth in FY26, driven by rising ARR, higher occupancy, and strong RevPAR. Increased MICE activity, cultural events, and a vibrant wedding season in 2HFY26 will further boost performance," the brokerage said.

"We expect strong momentum to continue, led by strong room addition pipeline in owned/management hotels (3,770/16,430 rooms) and continued favorable demand-supply dynamics," it added.

Max Financial:

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-investments/maxfinancialservices/MI">Max Financial</a> is poised for above-industry growth, said Motilal Oswal. The brokerage added that this will be supported by strong bancassurance traction, a resilient agency channel, and a favorable product mix. "VNB margins are improving QoQ, aided by product mix shifts and rising rider penetration," it added.

The latest reforms in the GST structure is set to further boost affordability and insurance penetration, the brokerage said, adding that the company will maintain its premium valuations, driven by new product launches, robust growth trend and improving margin profile.

It kept a target price of Rs 2,000 apiece for the stock, implying an upside potential of nearly 29 percent from the stock’s previous closing price.

Radico Khaitan:

Motilal Oswal said that <a href="https://www.moneycontrol.com/india/stockpricequote/breweriesdistilleries/radicokhaitan/RK01">Radico Khaitan</a> is well-positioned for long-term growth through the aggressive expansion in the premium and luxury spirits segment, leveraging strong brand equity with leading products like 8PM, Magic Moments and Rampur Single Malt.

The company commands an 8 percent market share in the Prestige &amp; Above (P&amp;A) segment, with rising consumer premiumization. New launches like Morpheus Super Premium Whisky &amp; Spirit of Kashmir support future growth, the brokerage added.

Motilal further highlighted Radico’s acquisition of 47.5 percent stake in D’YAVOL Spirits B.V, “aiming to take India to the World by building bottled-in-origin luxury brands, targeting Tequila and other niche categories.”

The brokerage kept a target price of nearly 13 percent from the stock’s previous closing price of Rs 2,997.9 apiece.

Delhivery:

<a href="https://www.moneycontrol.com/india/stockpricequote/courier-services/delhivery/D06">Delhivery</a> has a market share of more than 20 percent in the express logistics space, and has rapidly increased presence in the PTL segment after the acquisition of Spoton Logistics in 2021, said Motilal. “The recent Rs 14 billion Ecom Express acquisition enhances Delhivery’s rural coverage, strengthens network density, and drives cost synergies. It is poised for sustained growth, supported by a rising user base, new category launches, and expanding e-commerce,” the brokerage said.

It has kept a target price of Rs 540 apiece for the stock, implying an upside potential of around 21 percent from the stock’s previous closing price of Rs 446.80 apiece.

LT Foods:

<a href="https://www.moneycontrol.com/india/stockpricequote/consumer-food/ltfoods/LTF">LT Foods</a> is well-positioned for long-term growth, leveraging its strong brand equity with Daawat and Royal, exporting to 80+ countries and commanding approximately 30 percent shares in India and 50 percent market share in US basmati market, Motilal said.

“Growth drivers include expanding volumes in Basmati and Specialty Rice and increasing focus on high-margin O&amp;CH segments. Exports (66% of revenue of FY25) offer better realizations and margins vs domestic market, making the business structurally export-led,” it added.

The brokerage kept a target price of Rs 560 apiece for the stock, implying an upside potential of more than 35 percent from the stock’s previous closing price.

VIP Industries:

Motilal said that <a href="https://www.moneycontrol.com/india/stockpricequote/householdpersonal-products/vipindustries/VIP">VIP Industries</a> had outpaced industry growth, delivering a revenue CAGR of 19 percent over FY22–25. “With a scalable, profitable digital engine complementing its offline leadership, VIP is well-placed to capture long-term market share gains. We expect VIP to deliver industry-beating growth, by leveraging the integrated strategy of premiumization, digital scale and margin accretive supply chain,” it added.

The domestic brokerage kept a target price of Rs 530 apiece for the stock, implying an upside potential of around 24 percent from the stock’s previous closing price.

'Samvat 2082 begins on a positive note'

Motilal said that Samvat 2082 is beginning on a positive note, thanks to a combination of fiscal and monetary tailwinds. "The RBI has cut the repo rate by 100 bps and CRR by 150 bps, together with several measures, injecting much-needed liquidity into the system. This, coupled with the income tax relief of ₹1 lakh crore, would aid demand revival and improved potential for corporate earnings. Inflation remains comfortably low while the GST 2.0 has simplified rates and revived consumer sentiment. We believe this marks the beginning of a turnaround in India's domestic growth momentum, with significant pick up in consumption paving the way for a robust revival in the private capex cycle. This, along with the improving earnings trajectory, should lend support to Indian equities," it said.

"We perceive H2FY26 to mark the crossing over from a subdued low-single-digit earnings growth to a more sustainable double-digit earnings growth. Nifty earnings growth is expected at a healthy 8%/16% YoY in FY26/FY27 as compared to 1% in FY25. Also, Nifty valuations are reasonable at about 20x FY26 earnings, close to long term averages. However, mid and smallcap trades at a slight premium; thus one needs to follow a selective approach in stock picking. For Samvat 2082, we expect domestic cyclicals and structural growth themes to do well. We are positive on sectors such as BFSI and Capital Markets, Consumption, Manufacturing (EMS/Defence/Industrial) and Digital," it added.

"Our last year's Diwali picks have done well, with stocks such as Eternal (+37%), Amber Enterprises (+33%), ICICI Bank (+11%), L&amp;T (+10%) making significant gains, while the overall portfolio generated 4.8% returns (including dividends) - outperforming Nifty's gain of 3.6% over Samvat 2081," it further said.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-17-10-2025-liveblog-13620829.html">Our LIVE blog on stock market updates</a>

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Diwali stock picks 2025: Motilal Oswal selects 10 stocks to buy at the onset of Samvat 2082

Domestic brokerage Motilal Oswal Wealth Management has listed out 10 stocks for investors to buy this Diwali. This comes as investors actively await the special Diwali muhurat trading session, which will be conducted on Indian stock exchanges NSE and BSE on October 21 between 1:45 pm and 2:45 pm.

Celebrated every year on Diwali, the hour-long session marks the beginning of the Hindu financial year, also known as Samvat.

Here is a list of stocks Motilal Oswal Wealth Management had advised investors to invest in this Diwali:

State Bank of India:

The domestic brokerage kept a target price of Rs 1,000 apiece for the shares of State Bank of India (SBI). This implies an upside potential of nearly 13 percent from the stock's previous closing price of Rs 886.95 apiece.

Motilal said that structural tailwinds from government reforms like GST 2.0, income tax reforms and RBI's liquidity infusion will lead to robust credit growth and support profitability for BFSI sector. &quot;SBI stands out for its diversified growth momentum across retail, SME, and corporate segments, supported by a robust credit pipeline and digital transformation,&quot; it added.

SBI shares have gained over 1 percent in the past five days, and around 4 percent in the past one month. The stock, which is up around 12 percent in 2025 so far, currently has a P/E ratio of 10. Earlier during the day today, the stock rose around 1 percent to hit a 52-week high of Rs 894.75 apiece.

Mahindra &amp;amp; Mahindra:

Mahindra &amp;amp; Mahindra (M&amp;amp;M) got a target price of Rs 4,091 apiece from Motilal Oswal. This implies an upside potential of around 15 percent from the stock's previous closing price.

The company plans to launch seven ICE SUVs, five BEVs and five LCVs by 2030, beginning from the calendar year 2026, Motilal said. This positions the automaker strongly across both ICE and EV segments.

&quot;M&amp;amp;M is poised to deliver strong earnings growth, driven by rural recovery, &amp;amp; robust launches, further reinforced by improving tractor margins &amp;amp; immediate GST rate pass-through to consumers,&quot; it added.

Bharat Electronics:

Motilal Oswal kept a target price of Rs 490 apiece for the shares of Bharat Electronics (BEL). This implies an upside potential of around 19 percent from the stock's previous closing price. The domestic brokerage said that the Indian army's tender worth Rs 30,000 crore for 'Anant Shastra' project, with BEL as its lead integrator, boosts its order book beyond Rs 1 trillion and underscores its leadership in strategic defense programs.

&quot;Positioned strongly under the TPCR 2025 roadmap, it is set to benefit from sustained opportunities across the Army, Navy, and Air Force. BEL offers robust long-term growth visibility, making it a compelling investment in India’s defense modernization journey,&quot; it added.

Swiggy:

Swiggy expects its Quick Commerce arm Instamart to achieve profitability sooner, aided by easing competition, moderated dark store expansion and lower acquisition costs, Motilal noted. It further highlighted that the company has strengthened its food delivery outlook, with growth estimates raised to approximately 23 percent for FY26–FY27 (as against the previous estimate of 20 percent), driven by GST-led boost to disposable income &amp;amp; rising discretionary spending.

Motilal has set a target price of Rs 550 apiece for the shares of Swiggy, marking an upside potential of nearly 23 percent from the stock's previous closing price.

Indian Hotels:

The domestic brokerage has set a target price of Rs 880 apiece for the shares of Indian Hotels Company. This marks a 19 percent upside potential from the stock's previous closing price of Rs 738.05 apiece. &quot;The Indian hospitality industry is set for robust growth in FY26, driven by rising ARR, higher occupancy, and strong RevPAR. Increased MICE activity, cultural events, and a vibrant wedding season in 2HFY26 will further boost performance,&quot; the brokerage said.

&quot;We expect strong momentum to continue, led by strong room addition pipeline in owned/management hotels (3,770/16,430 rooms) and continued favorable demand-supply dynamics,&quot; it added.

Max Financial:

Max Financial is poised for above-industry growth, said Motilal Oswal. The brokerage added that this will be supported by strong bancassurance traction, a resilient agency channel, and a favorable product mix. &quot;VNB margins are improving QoQ, aided by product mix shifts and rising rider penetration,&quot; it added.

The latest reforms in the GST structure is set to further boost affordability and insurance penetration, the brokerage said, adding that the company will maintain its premium valuations, driven by new product launches, robust growth trend and improving margin profile.

It kept a target price of Rs 2,000 apiece for the stock, implying an upside potential of nearly 29 percent from the stock’s previous closing price.

Radico Khaitan:

Motilal Oswal said that Radico Khaitan is well-positioned for long-term growth through the aggressive expansion in the premium and luxury spirits segment, leveraging strong brand equity with leading products like 8PM, Magic Moments and Rampur Single Malt.

The company commands an 8 percent market share in the Prestige &amp;amp; Above (P&amp;amp;A) segment, with rising consumer premiumization. New launches like Morpheus Super Premium Whisky &amp;amp; Spirit of Kashmir support future growth, the brokerage added.

Motilal further highlighted Radico’s acquisition of 47.5 percent stake in D’YAVOL Spirits B.V, “aiming to take India to the World by building bottled-in-origin luxury brands, targeting Tequila and other niche categories.”

The brokerage kept a target price of nearly 13 percent from the stock’s previous closing price of Rs 2,997.9 apiece.

Delhivery:

Delhivery has a market share of more than 20 percent in the express logistics space, and has rapidly increased presence in the PTL segment after the acquisition of Spoton Logistics in 2021, said Motilal. “The recent Rs 14 billion Ecom Express acquisition enhances Delhivery’s rural coverage, strengthens network density, and drives cost synergies. It is poised for sustained growth, supported by a rising user base, new category launches, and expanding e-commerce,” the brokerage said.

It has kept a target price of Rs 540 apiece for the stock, implying an upside potential of around 21 percent from the stock’s previous closing price of Rs 446.80 apiece.

LT Foods:

LT Foods is well-positioned for long-term growth, leveraging its strong brand equity with Daawat and Royal, exporting to 80+ countries and commanding approximately 30 percent shares in India and 50 percent market share in US basmati market, Motilal said.

“Growth drivers include expanding volumes in Basmati and Specialty Rice and increasing focus on high-margin O&amp;amp;CH segments. Exports (66% of revenue of FY25) offer better realizations and margins vs domestic market, making the business structurally export-led,” it added.

The brokerage kept a target price of Rs 560 apiece for the stock, implying an upside potential of more than 35 percent from the stock’s previous closing price.

VIP Industries:

Motilal said that VIP Industries had outpaced industry growth, delivering a revenue CAGR of 19 percent over FY22–25. “With a scalable, profitable digital engine complementing its offline leadership, VIP is well-placed to capture long-term market share gains. We expect VIP to deliver industry-beating growth, by leveraging the integrated strategy of premiumization, digital scale and margin accretive supply chain,” it added.

The domestic brokerage kept a target price of Rs 530 apiece for the stock, implying an upside potential of around 24 percent from the stock’s previous closing price.

'Samvat 2082 begins on a positive note'

Motilal said that Samvat 2082 is beginning on a positive note, thanks to a combination of fiscal and monetary tailwinds. &quot;The RBI has cut the repo rate by 100 bps and CRR by 150 bps, together with several measures, injecting much-needed liquidity into the system. This, coupled with the income tax relief of ₹1 lakh crore, would aid demand revival and improved potential for corporate earnings. Inflation remains comfortably low while the GST 2.0 has simplified rates and revived consumer sentiment. We believe this marks the beginning of a turnaround in India's domestic growth momentum, with significant pick up in consumption paving the way for a robust revival in the private capex cycle. This, along with the improving earnings trajectory, should lend support to Indian equities,&quot; it said.

&quot;We perceive H2FY26 to mark the crossing over from a subdued low-single-digit earnings growth to a more sustainable double-digit earnings growth. Nifty earnings growth is expected at a healthy 8%/16% YoY in FY26/FY27 as compared to 1% in FY25. Also, Nifty valuations are reasonable at about 20x FY26 earnings, close to long term averages. However, mid and smallcap trades at a slight premium; thus one needs to follow a selective approach in stock picking. For Samvat 2082, we expect domestic cyclicals and structural growth themes to do well. We are positive on sectors such as BFSI and Capital Markets, Consumption, Manufacturing (EMS/Defence/Industrial) and Digital,&quot; it added.

&quot;Our last year's Diwali picks have done well, with stocks such as Eternal (+37%), Amber Enterprises (+33%), ICICI Bank (+11%), L&amp;amp;T (+10%) making significant gains, while the overall portfolio generated 4.8% returns (including dividends) - outperforming Nifty's gain of 3.6% over Samvat 2081,&quot; it further said.

Also read: Our LIVE blog on stock market updates

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

Zee Entertainment shares declind to about five-month low in Friday's trade after the company reported a 63 percent decline in consolidated net profit at Rs 76.5-crore in the second quarter ended September 30. The company, which runs channels such as ZeeTV and ZeeCinema, had posted a consolidated net profit of Rs 209-crore in the corresponding quarter last fiscal.

Shares of <a href="https://www.moneycontrol.com/india/stockpricequote/mediaentertainment/zeeentertainmententerprises/ZEE">Zee Entertainment Enterprises</a> dropped to an intraday low of Rs 105.1 per share on the NSE, down 3.85 percent.

<a href="https://www.moneycontrol.com/news/business/markets/zee-entertainment-shares-drop-to-5-month-low-as-q2-net-profit-declines-63-13621374.html" target="_blank">Zee Entertainment shares drop to 5-month low as Q2 net profit declines 63%</a>

Advertising revenue remained under pressure in the first half of FY26 at Rs 1564.8 crore, down 14% from Rs 1,813 crore in the same period last fiscal.

Domestic advertising revenue declined due to slowdown in FMCG spending. The company noted that domestic advertising environment continues to be soft; pick-up on account of festive season augurs well for near-term.

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.

Zee Entertainment shares drop to 5-month low as Q2 net profit declines 63%

Zee Entertainment shares declind to about five-month low in Friday's trade after the company reported a 63 percent decline in consolidated net profit at Rs 76.5-crore in the second quarter ended September 30. The company, which runs channels such as ZeeTV and ZeeCinema, had posted a consolidated net profit of Rs 209-crore in the corresponding quarter last fiscal.

Shares of Zee Entertainment Enterprises dropped to an intraday low of Rs 105.1 per share on the NSE, down 3.85 percent.

Zee Entertainment shares drop to 5-month low as Q2 net profit declines 63%

Advertising revenue remained under pressure in the first half of FY26 at Rs 1564.8 crore, down 14% from Rs 1,813 crore in the same period last fiscal.

Domestic advertising revenue declined due to slowdown in FMCG spending. The company noted that domestic advertising environment continues to be soft; pick-up on account of festive season augurs well for near-term.

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

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/lifehealth-insurance/canarahsbclifeinsurancecompany/CHL02">Canara HSBC Life Insurance Company</a> jumped more than 6 percent on October 17, after making a flat market debut on exchanges. The stock is currently trading at Rs 112.5 per share on NSE.

Earlier during the day, the stock listed flat at its IPO price of Rs 106 apiece, debuting on Dalal Street with zero premium. This came despite the unlisted shares of the company trading with a slight grey market premium (GMP) of more than 2 percent over the IPO price, ahead of listing, according to data on Investorgain.

Canara HSBC Life IPO:

The company had launched its <a href="https://www.moneycontrol.com/ipo/canara-hsbc-life-insurance-company-chl02-ipodetail">initial public offering</a> to raise Rs 2,517 crore entirely through an an offer for sale (OFS) of 23.75 crore shares by all three shareholders - Canara Bank, HSBC Insurance (Asia-Pacific) Holdings, and Punjab National Bank (PNB). As there is no fresh issue component, none of the IPO proceeds will go the company. The price band was set at Rs 100-106 per share.

The IPO saw decent investor interest during its three days of public bidding, being subscribed more than two times its offer size between October 10 and October 14. Qualified Institutional Buyers (QIB) showed the most interest in the IPO, subscribing their reserved portion over 7 times.

Here’s what analysts say:

The <a href="https://www.moneycontrol.com/news/business/ipo/canara-hsbc-life-share-price-stock-lists-flat-at-ipo-price-on-nse-13621024.html">IPO</a> has been fairly priced based on its earnings and since it is OFS, there is no great growth flip expected since no fresh infusion will take place, said Shravan Shetty, Managing Director at Primus Partners. This is also reflected in GMP which has been minimal, he added.

Siddharth Maurya, Founder &amp; Managing Director at Vibhavangal Anukulakara, had noted that the price band of Rs 100-106 per share, which valued the company at about Rs 100.7 billion, was aggressive. “What this actually indicates is that the investors are staking a wager on the bancassurance route and the ability of the company to increase life insurance penetration. But because no new capital is being raised, the true test will be in showing distribution efficiency, margin stability, and retention of policyholders. The next several quarters' performance will be crucial,” he added.

Choice Broking said the insurer's valuation appeared to be fully priced, with price-to-enterprise value multiple, a stock valuation metric, of 1.6x, as against the industry average of 2.4x. "High dependence on bancassurance (where banks sell insurance) and relatively lower VNB (value of new business) margins compared to peers is expected to keep valuation multiples at a discount to peers," ICICI Direct said.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-17-10-2025-liveblog-13620829.html">Our LIVE blog on stock market updates</a>

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Canara HSBC Life shares jump 6% after flat listing: Here's what analysts say

The shares of Canara HSBC Life Insurance Company jumped more than 6 percent on October 17, after making a flat market debut on exchanges. The stock is currently trading at Rs 112.5 per share on NSE.

Earlier during the day, the stock listed flat at its IPO price of Rs 106 apiece, debuting on Dalal Street with zero premium. This came despite the unlisted shares of the company trading with a slight grey market premium (GMP) of more than 2 percent over the IPO price, ahead of listing, according to data on Investorgain.

Canara HSBC Life IPO:

The company had launched its initial public offering to raise Rs 2,517 crore entirely through an an offer for sale (OFS) of 23.75 crore shares by all three shareholders - Canara Bank, HSBC Insurance (Asia-Pacific) Holdings, and Punjab National Bank (PNB). As there is no fresh issue component, none of the IPO proceeds will go the company. The price band was set at Rs 100-106 per share.

The IPO saw decent investor interest during its three days of public bidding, being subscribed more than two times its offer size between October 10 and October 14. Qualified Institutional Buyers (QIB) showed the most interest in the IPO, subscribing their reserved portion over 7 times.

Here’s what analysts say:

The IPO has been fairly priced based on its earnings and since it is OFS, there is no great growth flip expected since no fresh infusion will take place, said Shravan Shetty, Managing Director at Primus Partners. This is also reflected in GMP which has been minimal, he added.

Siddharth Maurya, Founder &amp;amp; Managing Director at Vibhavangal Anukulakara, had noted that the price band of Rs 100-106 per share, which valued the company at about Rs 100.7 billion, was aggressive. “What this actually indicates is that the investors are staking a wager on the bancassurance route and the ability of the company to increase life insurance penetration. But because no new capital is being raised, the true test will be in showing distribution efficiency, margin stability, and retention of policyholders. The next several quarters' performance will be crucial,” he added.

Choice Broking said the insurer's valuation appeared to be fully priced, with price-to-enterprise value multiple, a stock valuation metric, of 1.6x, as against the industry average of 2.4x. &quot;High dependence on bancassurance (where banks sell insurance) and relatively lower VNB (value of new business) margins compared to peers is expected to keep valuation multiples at a discount to peers,&quot; ICICI Direct said.

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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.

Shares of paint companies traded higher on Friday, tracking a decline in crude oil prices, a key raw material for the sector.

<a href="https://www.moneycontrol.com/india/stockpricequote/paintsvarnishes/asianpaints/AP31">Asian Paints</a> rose 5.57 percent to an intraday high of Rs 2,544 on the NSE, emerging as the top gainer on the Nifty 50 index. The stock advanced amid easing oil prices, which directly impact input costs for paint manufacturers. The stock gained the most in 7-months.

The global oil benchmark Brent crude slipped 0.25 percent to USD 60.94 a barrel. Crude oil derivatives form a major component of raw materials for the decorative paints industry, which is raw material-intensive. Input costs typically account for 55–60 percent of total expenses, influencing profit margins.

Among other shares, Berger Paints India gained around 2 per cent, while <a href="https://www.moneycontrol.com/india/stockpricequote/paintsvarnishes/kansainerolacpaints/KNP">Kansai Nerolac Paints</a> advanced nearly 4 per cent. Kansai Nerolac share gained to its highest level in about six months.

Meanwhile, the equity benchmark indices rebounded on Friday after a weak start, supported by sustained foreign fund inflows, firm buying in heavyweight stocks and easing crude oil prices.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

A financial journalist with over 10 years of experience, specialising in tracking stock market movements and fundamental developments that impact investors and the broader economy. A keen observer of global financial markets, I regularly engage with leading market voices to write stories. At Moneycontrol, I focus on decoding market trends, policy shifts and economic changes, driven by a constant passion to learn, analyse, and share knowledge with my readers.

Asian Paints, Kansai Nerolac, other paint stocks rise up to 5% on decline in crude oil

Shares of paint companies traded higher on Friday, tracking a decline in crude oil prices, a key raw material for the sector.

Asian Paints rose 5.57 percent to an intraday high of Rs 2,544 on the NSE, emerging as the top gainer on the Nifty 50 index. The stock advanced amid easing oil prices, which directly impact input costs for paint manufacturers. The stock gained the most in 7-months.

The global oil benchmark Brent crude slipped 0.25 percent to USD 60.94 a barrel. Crude oil derivatives form a major component of raw materials for the decorative paints industry, which is raw material-intensive. Input costs typically account for 55–60 percent of total expenses, influencing profit margins.

Among other shares, Berger Paints India gained around 2 per cent, while Kansai Nerolac Paints advanced nearly 4 per cent. Kansai Nerolac share gained to its highest level in about six months.

Meanwhile, the equity benchmark indices rebounded on Friday after a weak start, supported by sustained foreign fund inflows, firm buying in heavyweight stocks and easing crude oil prices.

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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