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Swiggy, Eternal shares drop as delivery partners call for nationwide strikes, Workers demand fair pay, safer conditions, and better social protections, Strikes coincide with high-demand days, impacting investor sentiment

* Swiggy, Eternal shares drop as delivery partners call for nationwide strikes
* Workers demand fair pay, safer conditions, and better social protections
* Strikes coincide with high-demand days, impacting investor sentiment

Swiggy and Zomato-parent Eternal shares fell around 2% after delivery partners called for all-India strikes over poor working conditions, pay, and safety. The protests, set for high-demand days, raised concerns about investor sentiment and stock performance.

shorts/business/swiggy-eternal-shares-fall-2-as-gig-workers-call-nationwide-strike-on-peak-demand-days

* Swiggy, Eternal shares drop as delivery partners call for nationwide strikes
* Workers demand fair pay, safer conditions, and better social protections
* Strikes coincide with high-demand days, impacting investor sentiment

The shares of Swiggy and Zomato-parent Eternal dropped around 2 percent each on December 26 after delivery partners across platforms called for all-India strike on December 25 and December 31, citing various reasons. The fall also comes after as quick commerce rival Zepto is likely to confidentially file draft IPO papers today.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/online-services/swiggy/SL24">Swiggy</a> fell to Rs 391.40 apiece, extending losses for the fourth consecutive session. <a href="https://www.moneycontrol.com/india/stockpricequote/online-services/eternal/Z">Eternal</a> shares meanwhile fell to a five-month-low of Rs 279.70 apiece in the morning of Friday.
<h3>Why are delivery workers protesting?</h3>
The Telangana Gig and Platform Workers Union and the Indian Federation of App-Based Transport Workers <a href="https://www.moneycontrol.com/news/business/startup/gig-workers-call-nationwide-strike-on-december-25-31-over-pay-safety-and-social-security-13742262.html">called the strike over alleged worsening working conditions</a> in the gig economy. In a statement, the unions said delivery workers are facing falling earnings, long and unpredictable working hours, unsafe delivery targets, arbitrary ID blocking, and the absence of basic welfare and social security protections.

Among the key demands are transparent and fair pay structures that reflect actual working hours and costs, withdrawal of ultra-fast delivery models such as 10-minute deliveries that workers say compromise safety, an end to account suspensions without due process, improved accident insurance and safety gear, assured work allocation, and mandatory rest breaks.

The unions have also called for stronger app-level grievance redressal mechanisms to address routing and payment failures, and for job security measures including health insurance, accident coverage and pension benefits.

"Delivery workers are being pushed to breaking point by unsafe work models, falling incomes, and total absence of social protection. This strike is a collective call for justice, dignity, and accountability. The government can no longer remain a silent spectator while platform companies profit at the cost of workers’ lives," Shaik Salauddin, founder president of TGPWU and co-founder and national general secretary of IFAT, said.

The strike during the days which see high demand on food delivery and quick commerce apps may have soured investor sentiment.
<h3>Zepto IPO update:</h3>
Zepto is set to pre-file its draft red herring prospectus (DRHP) on December 26, under the confidential route, and look to list some time next year, people familiar with the developments told <a href="https://www.moneycontrol.com/news/business/ipo/zepto-to-confidentially-file-draft-ipo-papers-on-december-26-13742318.html">Moneycontrol</a>, as the quick commerce unicorn looks to become one of the youngest startups to list on the stock exchanges.

The Bengaluru-based company was started in 2020 and will likely go public in 2026 – around six years since its inception. “Zepto’s pre-filing work is done and it will likely inform all the stakeholders about the filing on December 26,” one of the persons cited above said.
<h3>How are the food delivery stocks performing?</h3>
Swiggy shares have fallen more than 4 percent in the past five days, and nearly 3 percent in the past six months. The stock is down more than 27 percent in 2025 so far.

Eternal shares meanwhile fell 8 percent in the past one month, but gained 7 percent in the past six months. The stock is up over 2 percent in 2025 so far.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-muted-start-asian-markets-trade-higher-liveblog-13742638.html">LIVE updates</a> from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

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Swiggy, Eternal shares fall 2% after gig workers call nationwide strikes, Zepto IPO update

The shares of Swiggy and Zomato-parent Eternal dropped around 2 percent each on December 26 after delivery partners across platforms called for all-India strike on December 25 and December 31, citing various reasons. The fall also comes after as quick commerce rival Zepto is likely to confidentially file draft IPO papers today.

The shares of Swiggy fell to Rs 391.40 apiece, extending losses for the fourth consecutive session. Eternal shares meanwhile fell to a five-month-low of Rs 279.70 apiece in the morning of Friday.
Why are delivery workers protesting?
The Telangana Gig and Platform Workers Union and the Indian Federation of App-Based Transport Workers called the strike over alleged worsening working conditions in the gig economy. In a statement, the unions said delivery workers are facing falling earnings, long and unpredictable working hours, unsafe delivery targets, arbitrary ID blocking, and the absence of basic welfare and social security protections.

Among the key demands are transparent and fair pay structures that reflect actual working hours and costs, withdrawal of ultra-fast delivery models such as 10-minute deliveries that workers say compromise safety, an end to account suspensions without due process, improved accident insurance and safety gear, assured work allocation, and mandatory rest breaks.

The unions have also called for stronger app-level grievance redressal mechanisms to address routing and payment failures, and for job security measures including health insurance, accident coverage and pension benefits.

&quot;Delivery workers are being pushed to breaking point by unsafe work models, falling incomes, and total absence of social protection. This strike is a collective call for justice, dignity, and accountability. The government can no longer remain a silent spectator while platform companies profit at the cost of workers’ lives,&quot; Shaik Salauddin, founder president of TGPWU and co-founder and national general secretary of IFAT, said.

The strike during the days which see high demand on food delivery and quick commerce apps may have soured investor sentiment.
Zepto IPO update:
Zepto is set to pre-file its draft red herring prospectus (DRHP) on December 26, under the confidential route, and look to list some time next year, people familiar with the developments told Moneycontrol, as the quick commerce unicorn looks to become one of the youngest startups to list on the stock exchanges.

The Bengaluru-based company was started in 2020 and will likely go public in 2026 – around six years since its inception. “Zepto’s pre-filing work is done and it will likely inform all the stakeholders about the filing on December 26,” one of the persons cited above said.
How are the food delivery stocks performing?
Swiggy shares have fallen more than 4 percent in the past five days, and nearly 3 percent in the past six months. The stock is down more than 27 percent in 2025 so far.

Eternal shares meanwhile fell 8 percent in the past one month, but gained 7 percent in the past six months. The stock is up over 2 percent in 2025 so far.

Follow all LIVE updates from the stock markets here.

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

Castrol India shares rose nearly 5 percent after a 26 percent stake open offer, Motion JVCo, Stonepeak, and CPP launched the open offer at Rs 194.04 per share, BP agreed to sell 65 percent of Castrol unit to Stonepeak for about $6 billion

* Castrol India shares rose nearly 5 percent after a 26 percent stake open offer
* Motion JVCo, Stonepeak, and CPP launched the open offer at Rs 194.04 per share
* BP agreed to sell 65 percent of Castrol unit to Stonepeak for about $6 billion

Castrol India shares rose nearly 5% after Motion JVCo, Stonepeak, and CPP Investment Board launched an open offer to acquire a 26% stake at Rs 194.04 per share, following BP's deal to sell a 65% stake in its Castrol unit to Stonepeak for $6 billion.

shorts/business/castrol-india-shares-jump-5-stonepeak-motion-jvco-cppib-make-open-offer-to-buy-26-stake

* Castrol India shares rose nearly 5 percent after a 26 percent stake open offer
* Motion JVCo, Stonepeak, and CPP launched the open offer at Rs 194.04 per share
* BP agreed to sell 65 percent of Castrol unit to Stonepeak for about $6 billion

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/lubricants/castrolindia/CI01">Castrol India</a> gained nearly 5 percent on December 26 after Motion JVCo, Stonepeak, and CPP Investment Board launched an open offer to acquire 26% stake in the company.

The shares of the company rose to Rs 198.13 apiece in the morning trading hours of Friday, extending gains for the second consecutive session.
<h3>Castrol India open offer:</h3>
In an exchange filing released in the post-market hours of December 24, Castrol India announced that Motion JVCo, along 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 Holding are making an open offer for the acquisition of up to 25.72 crore shares, representing 26 percent stake in the company at a price of Rs 194.04 per share.

The said price marks a premium of nearly 2.5 percent over the previous closing price of Rs 194.04 apiece.

This comes after BP on Wednesday said that it has agreed to sell a 65 percent stake in its Castrol unit to US investment firm Stonepeak for about $6 billion. The deal values the business at $10.1 billion including debt. BP will retain a minority interest via a joint venture.

The transaction includes minority interests in Castrol, principally in India (49 percent interest), Vietnam (35 percent), Saudi Arabia (50 percent), Thailand (40 percent) and other jurisdictions.
<h3>Castrol India share price:</h3>
Castrol India shares jumped 7 percent in the past five days, but fell more than 9 percent in the past six months. The stock is down over 4 percent in 2025 so far.

The stock's P/E ratio currently stands at over 19.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-muted-start-asian-markets-trade-higher-liveblog-13742638.html">LIVE updates </a>from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Castrol India shares jump 5% as Stonepeak, Motion JVCo, CPPIB make open offer to buy 26% stake

The shares of Castrol India gained nearly 5 percent on December 26 after Motion JVCo, Stonepeak, and CPP Investment Board launched an open offer to acquire 26% stake in the company.

The shares of the company rose to Rs 198.13 apiece in the morning trading hours of Friday, extending gains for the second consecutive session.
Castrol India open offer:
In an exchange filing released in the post-market hours of December 24, Castrol India announced that Motion JVCo, along 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 Holding are making an open offer for the acquisition of up to 25.72 crore shares, representing 26 percent stake in the company at a price of Rs 194.04 per share.

The said price marks a premium of nearly 2.5 percent over the previous closing price of Rs 194.04 apiece.

This comes after BP on Wednesday said that it has agreed to sell a 65 percent stake in its Castrol unit to US investment firm Stonepeak for about $6 billion. The deal values the business at $10.1 billion including debt. BP will retain a minority interest via a joint venture.

The transaction includes minority interests in Castrol, principally in India (49 percent interest), Vietnam (35 percent), Saudi Arabia (50 percent), Thailand (40 percent) and other jurisdictions.
Castrol India share price:
Castrol India shares jumped 7 percent in the past five days, but fell more than 9 percent in the past six months. The stock is down over 4 percent in 2025 so far.

The stock's P/E ratio currently stands at over 19.

Follow all LIVE updates from the stock markets here.

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

Ola Electric shares up 5% after Rs 367 crore PLI-Auto incentive approval, Incentive sanctioned for FY25 sales under the government's PLI-Auto scheme, Ola Electric shares have jumped 10 percent in the past five days

* Ola Electric shares up 5% after Rs 367 crore PLI-Auto incentive approval
* Incentive sanctioned for FY25 sales under the government's PLI-Auto scheme
* Ola Electric shares have jumped 10 percent in the past five days

Ola Electric shares rose over 5% after the company secured a Rs 366.78 crore incentive under the PLI-Auto scheme for FY25, reflecting its strong manufacturing and innovation in EVs. The stock is still down 58% in 2025 despite recent gains.

shorts/business/ola-electric-shares-jump-5-after-firm-secures-rs-367-crore-pli-auto-incentive-for-fy25

* Ola Electric shares up 5% after Rs 367 crore PLI-Auto incentive approval
* Incentive sanctioned for FY25 sales under the government's PLI-Auto scheme
* Ola Electric shares have jumped 10 percent in the past five days

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries-brakes/olaelectricmobility/OEM">Ola Electric Mobility</a> jumped more than 5 percent on December 26 after the company said that the government has sanctioned the payment of incentives worth Rs 366.78 crore under the PLI-Auto scheme for claimed pertaining to FY25.

The shares of the company rose to Rs 37.25 apiece, extending gains for the second consecutive session.
<h3>Ola Electric secures Rs 367-crore PLI-Auto incentive for FY25:</h3>
In an exchange filing released on December 25 (when markets were closed on account of Christmas), the <a href="https://www.moneycontrol.com/news/business/companies/ola-electric-secures-rs-366-78-crore-pli-auto-incentive-for-fy25-13742508.html">EV scooter-maker announced that the sanction</a> pertains to the demand incentive for the determined sales value for FY25.

The company on Thursday received the sanction order from the Ministry of Heavy Industries for the release of incentives through IFCI Limited, the designated financial institution for disbursement under the scheme. It added that the incentive has been sanctioned in accordance with the applicable terms and conditions of the PLI-Auto Scheme, as amended from time to time.

This milestone reinforces Ola Electric’s role as a key contributor to India’s advanced automotive manufacturing ecosystem and reflects the company’s strong execution across scale, localisation, and technology-led vertically integrated manufacturing, the company said.

Speaking about the development, Ola Electric spokesperson said, “The sanction of ₹366.78 crore under the PLI-Auto Scheme is a strong endorsement of Ola Electric’s manufacturing capabilities and our commitment to building world-class EV technology in India. This incentive recognises our sustained efforts in scaling domestic production, deepening localisation, and driving innovation across the electric mobility value chain.”

“We remain committed to supporting the Government of India’s vision of making India a global hub for advanced automotive manufacturing and clean mobility,” the spokesperson added.

In August, the company secured compliance certification under the government's production-linked incentive scheme for auto and components sector, covering its Gen 3 scooter line.
<h3>Ola Electric share price history:</h3>
Ola Electric shares have jumped 10 percent in the past five days, but fell over 10 percent in the past one month. This comes after the stock fell 15 percent in the past six months, and 61 percent in the past one year.

The stock is for far down nearly 58 percent in 2025 so far, as against rival <a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries-brakes/atherenergy/AEL09">Ather Energy</a>'s 138 percent rise since listing on May 6.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-muted-start-asian-markets-trade-higher-liveblog-13742638.html">LIVE updates</a> from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Ola Electric shares jump 5% after firm secures Rs 367-crore PLI-Auto incentive for FY25

The shares of Ola Electric Mobility jumped more than 5 percent on December 26 after the company said that the government has sanctioned the payment of incentives worth Rs 366.78 crore under the PLI-Auto scheme for claimed pertaining to FY25.

The shares of the company rose to Rs 37.25 apiece, extending gains for the second consecutive session.
Ola Electric secures Rs 367-crore PLI-Auto incentive for FY25:
In an exchange filing released on December 25 (when markets were closed on account of Christmas), the EV scooter-maker announced that the sanction pertains to the demand incentive for the determined sales value for FY25.

The company on Thursday received the sanction order from the Ministry of Heavy Industries for the release of incentives through IFCI Limited, the designated financial institution for disbursement under the scheme. It added that the incentive has been sanctioned in accordance with the applicable terms and conditions of the PLI-Auto Scheme, as amended from time to time.

This milestone reinforces Ola Electric’s role as a key contributor to India’s advanced automotive manufacturing ecosystem and reflects the company’s strong execution across scale, localisation, and technology-led vertically integrated manufacturing, the company said.

Speaking about the development, Ola Electric spokesperson said, “The sanction of ₹366.78 crore under the PLI-Auto Scheme is a strong endorsement of Ola Electric’s manufacturing capabilities and our commitment to building world-class EV technology in India. This incentive recognises our sustained efforts in scaling domestic production, deepening localisation, and driving innovation across the electric mobility value chain.”

“We remain committed to supporting the Government of India’s vision of making India a global hub for advanced automotive manufacturing and clean mobility,” the spokesperson added.

In August, the company secured compliance certification under the government's production-linked incentive scheme for auto and components sector, covering its Gen 3 scooter line.
Ola Electric share price history:
Ola Electric shares have jumped 10 percent in the past five days, but fell over 10 percent in the past one month. This comes after the stock fell 15 percent in the past six months, and 61 percent in the past one year.

The stock is for far down nearly 58 percent in 2025 so far, as against rival Ather Energy's 138 percent rise since listing on May 6.

Follow all LIVE updates from the stock markets here.

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

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

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.

Photographic Products Sector Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Photographic Products sector stocks.

Gainers/Losers

Sector Market Map

Earnings Review-Q2 FY25-26

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Swiggy, Eternal shares fall 2% after gig workers call nationwide strikes, Zepto IPO update

Castrol India shares jump 5% as Stonepeak, Motion JVCo, CPPIB make open offer to buy 26% stake

Ola Electric shares jump 5% after firm secures Rs 367-crore PLI-Auto incentive for FY25

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

Photographic Products Sector StocksCheck latest stock performance, list of stocks, earnings review & more details about the Photographic Products sector stocks.

Gainers/Losers

Sector Market Map

Earnings Review-Q2 FY25-26

Stock News

Swiggy, Eternal shares fall 2% after gig workers call nationwide strikes, Zepto IPO update

Castrol India shares jump 5% as Stonepeak, Motion JVCo, CPPIB make open offer to buy 26% stake

Ola Electric shares jump 5% after firm secures Rs 367-crore PLI-Auto incentive for FY25

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

Photographic Products Sector Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Photographic Products sector stocks.