< -5%

-5% to -3%

CHOKSI ASIA

SGL Resources

-3% to 0%

Photoquip India

Jindal Photo

0% to 3%

3% to 5%

Titan shares hit a 52-week high after announcing lab-grown diamond brand beYon, beYon launches first store in Mumbai on December 29, more stores planned soon, Titan stock rose 37% in 8 months, market cap reached Rs 3.55 lakh crore.

* Titan shares hit a 52-week high after announcing lab-grown diamond brand beYon
* beYon launches first store in Mumbai on December 29, more stores planned soon
* Titan stock rose 37% in 8 months, market cap reached Rs 3.55 lakh crore.

Titan shares rose over 2% after announcing the launch of 'beYon', a new brand offering lab-grown diamond jewellery, with its first Mumbai store opening December 29. The company plans further expansion in Mumbai and Delhi, tapping into the growing LGD market.

shorts/business/titan-shares-hit-fresh-52-week-high-as-firm-set-to-launch-first-store-offering-lab-grown-diamond-products

* Titan shares hit a 52-week high after announcing lab-grown diamond brand beYon
* beYon launches first store in Mumbai on December 29, more stores planned soon
* Titan stock rose 37% in 8 months, market cap reached Rs 3.55 lakh crore.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/titancompany/TI01">Titan Company</a> rose more than 2 percent on December 26 after the company announced that it is set to launch 'beYon' brand to offer lab-grown diamond jewellery.

The shares of the company rose to a fresh 52-week high of Rs 4,006.90 apiece on Friday, snapping a two-session losing streak.
<h3><strong>Titan announces launch of 'beYon':</strong></h3>
Titan will launch the new brand 'beYon – from the House of Titan' with its first exclusive retail store in Mumbai being opened on December 29, the company announced in an exchange filing on December 26. It said that the brand will offer curated range of Lab Grown Diamond (LGD) jewellery, marking its entry into the emerging segment.

Titan plans to add more stores in Mumbai and Delhi in the near future. It said beYon will “cater to the adornment needs of women in lifestyle categories beyond watches, perfumes, sarees and handbags”.

Lab-grown diamonds, also called synthetic diamonds, are produced in controlled environments using advanced technology that mimics the natural diamond formation process. As the cost of natural diamonds continues to rise, lab-grown alternatives are gaining traction, particularly among budget-conscious consumers.
<h3><strong>Titan share price:</strong></h3>
Titan shares have gained nearly 3 percent in the past one month, and over 8 percent in the past six months. The stock has gained nearly 23 percent in 2025 so far.

The shares of the Tata Group-company jumped 167 percent in the past five years. After hitting a 52-week low of Rs 2,925 apiece this year in April, the stock jumped nearly 37 percent in around eight months to hit today’s record high level.

The company currently has a market capitalization of nearly Rs 3.55 lakh crore. Its P/E ratio stands at 93.5.

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.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

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

Titan shares hit fresh 52-week high as firm set to launch first store offering lab-grown diamond products

The shares of Titan Company rose more than 2 percent on December 26 after the company announced that it is set to launch 'beYon' brand to offer lab-grown diamond jewellery.

The shares of the company rose to a fresh 52-week high of Rs 4,006.90 apiece on Friday, snapping a two-session losing streak.
Titan announces launch of 'beYon':
Titan will launch the new brand 'beYon – from the House of Titan' with its first exclusive retail store in Mumbai being opened on December 29, the company announced in an exchange filing on December 26. It said that the brand will offer curated range of Lab Grown Diamond (LGD) jewellery, marking its entry into the emerging segment.

Titan plans to add more stores in Mumbai and Delhi in the near future. It said beYon will “cater to the adornment needs of women in lifestyle categories beyond watches, perfumes, sarees and handbags”.

Lab-grown diamonds, also called synthetic diamonds, are produced in controlled environments using advanced technology that mimics the natural diamond formation process. As the cost of natural diamonds continues to rise, lab-grown alternatives are gaining traction, particularly among budget-conscious consumers.
Titan share price:
Titan shares have gained nearly 3 percent in the past one month, and over 8 percent in the past six months. The stock has gained nearly 23 percent in 2025 so far.

The shares of the Tata Group-company jumped 167 percent in the past five years. After hitting a 52-week low of Rs 2,925 apiece this year in April, the stock jumped nearly 37 percent in around eight months to hit today’s record high level.

The company currently has a market capitalization of nearly Rs 3.55 lakh crore. Its P/E ratio stands at 93.5.

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.

Infosys increased entry-level salaries for specialized tech roles to Rs 21 lakh per annum., Nifty IT index dropped 0.86%, marking its third consecutive session of losses., Coforge shares fell 3% amid $1 billion acquisition talks.

* Infosys increased entry-level salaries for specialized tech roles to Rs 21 lakh per annum.
* Nifty IT index dropped 0.86%, marking its third consecutive session of losses.
* Coforge shares fell 3% amid $1 billion acquisition talks.

IT stocks fell as Infosys raised entry-level salaries, pushing the Nifty IT index down 0.86%. Analysts say higher wages reflect competition for digital talent but may not impact valuations soon, with investors focusing more on global demand and earnings.

shorts/business/it-stocks-fall-up-to-3-after-infosys-hikes-entry-level-salaries-here-s-what-analysts-say

* Infosys increased entry-level salaries for specialized tech roles to Rs 21 lakh per annum.
* Nifty IT index dropped 0.86%, marking its third consecutive session of losses.
* Coforge shares fell 3% amid $1 billion acquisition talks.

IT stocks declined on December 26 after <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/infosys/IT">Infosys</a> raised its entry-level salaries for freshers, with compensation packages of up to Rs 21 lakh per annum for specialised technology roles. Analysts have commented on whether this will have a major impact on the stocks, and what lies ahead.

The fall in the IT stocks pushed the <a href="https://www.moneycontrol.com/indian-indices/nifty-it-19.html">Nifty IT index</a> down 0.86 percent to 38,638.80, as seen at 12.30 pm, extending losses for the third consecutive session.
<h3><strong>What lies ahead for IT stocks:</strong></h3>
Indian IT stocks have been navigating a challenging environment as sector dynamics evolve, said Kalp Jain, Research Analyst at INVasset PMS. He noted that the recent announcement of <a href="https://www.moneycontrol.com/news/business/information-technology/techies-make-merry-infosys-hikes-entry-level-salaries-offers-up-to-rs-21-lakh-for-graduates-in-specialised-roles-13742171.html">Infosys hiking entry-level salaries</a> underscores the intensifying competition for digital talent.

“This move reflects broader attempts by firms to attract highly skilled professionals in areas such as artificial intelligence, cloud and advanced engineering, where demand continues to grow,” he added.

However, the analyst added that the overall salary growth in the IT sector appears to be moderating, with average increments slated to ease slightly compared with recent years as companies balance cost pressures and margin discipline with talent retention. But wages and benefits have continued to rise in targeted areas, contributing to higher operating costs even as revenue growth slows in some segments.

“For IT stocks, the path forward may hinge on how effectively companies manage talent costs while maintaining competitive pricing, expanding service offerings and securing robust deal pipelines. Because wage structures remain a key cost component, investor focus will be on whether revenue and margin expansion can offset any near-term pressure from higher payroll expenses,” he concluded.

Siddharth Maurya, Founder &amp; Managing Director at Vibhavangal Anukulakara, however felt that hikes in salaries will not meaningfully alter sector valuations anytime soon. He said that Indian IT stocks are toggling between a volatile mix of earnings momentum, global demand, and talent costs.

“Investors continue to pay more attention to deal pipelines, margins, demand from key markets such as the U.S., and broader macro cues. IT stocks are likely to respond more to signals related to global demand and earnings outlook than to compensation changes,” he added.

Amid an expected acceleration in AI-led demand globally, Infosys is proactively positioning its workforce to be AI-ready, said Dhanshree Jadhav, Analyst – Technology Services, Choice Institutional Equities. She added that the salary hikes are aimed at curbing attrition and enhancing Infosys’ ability to attract high-quality freshers, especially at a time when entry-level salaries across Indian IT companies have remained largely stagnant, reducing their competitiveness versus start-ups.

"We believe the global IT industry is at an inflection point where strong sustained growth will increasingly be driven by upfront investments in talent and AI-led infrastructure to stay ahead of the curve," she said.

The stocks had earlier declined this week after the Donald Trump-led US administration said it was <a href="https://www.moneycontrol.com/news/business/markets/coforge-tech-mahindra-other-it-shares-fall-up-to-1-as-us-scraps-h-1b-lottery-13740615.html">replacing its longstanding lottery system for H-1B work visas</a> with a new approach that prioritises skilled, higher-paid foreign workers.

A press release announcing the new rule says it is “in line with other key changes the administration has made, such as the Presidential Proclamation that requires employers to pay an additional $100,000 per visa as a condition of eligibility.”
<h3><strong>Top IT losers today:</strong></h3>
<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/coforge/NII02">Coforge</a> shares were the top loser on the index, falling more than 3 percent after <em><a href="https://www.moneycontrol.com/news/business/information-technology/coforge-in-talks-for-1-bn-plus-acquisition-board-to-weigh-fundraise-13742584.html">Moneycontrol</a></em> reported that the IT services firm is in advanced discussions to acquire a global digital engineering company in a deal valued at over $1 billion, potentially marking one of the largest transactions in the sector.

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/ltimindtree/LI12">LTIMindtree</a>, Mphasis, Tech Mahindra, Tata Consultancy Services (<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/tataconsultancyservices/TCS">TCS</a>) and HCL Technologies shares fell more than 1 percent each, while Infosys, Wipro and Persistent Systems shares were trading in the green with marginal gains.

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.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

IT stocks fall up to 3% after Infosys hikes entry-level salaries: Here's what analysts say

IT stocks declined on December 26 after Infosys raised its entry-level salaries for freshers, with compensation packages of up to Rs 21 lakh per annum for specialised technology roles. Analysts have commented on whether this will have a major impact on the stocks, and what lies ahead.

The fall in the IT stocks pushed the Nifty IT index down 0.86 percent to 38,638.80, as seen at 12.30 pm, extending losses for the third consecutive session.
What lies ahead for IT stocks:
Indian IT stocks have been navigating a challenging environment as sector dynamics evolve, said Kalp Jain, Research Analyst at INVasset PMS. He noted that the recent announcement of Infosys hiking entry-level salaries underscores the intensifying competition for digital talent.

“This move reflects broader attempts by firms to attract highly skilled professionals in areas such as artificial intelligence, cloud and advanced engineering, where demand continues to grow,” he added.

However, the analyst added that the overall salary growth in the IT sector appears to be moderating, with average increments slated to ease slightly compared with recent years as companies balance cost pressures and margin discipline with talent retention. But wages and benefits have continued to rise in targeted areas, contributing to higher operating costs even as revenue growth slows in some segments.

“For IT stocks, the path forward may hinge on how effectively companies manage talent costs while maintaining competitive pricing, expanding service offerings and securing robust deal pipelines. Because wage structures remain a key cost component, investor focus will be on whether revenue and margin expansion can offset any near-term pressure from higher payroll expenses,” he concluded.

Siddharth Maurya, Founder &amp;amp; Managing Director at Vibhavangal Anukulakara, however felt that hikes in salaries will not meaningfully alter sector valuations anytime soon. He said that Indian IT stocks are toggling between a volatile mix of earnings momentum, global demand, and talent costs.

“Investors continue to pay more attention to deal pipelines, margins, demand from key markets such as the U.S., and broader macro cues. IT stocks are likely to respond more to signals related to global demand and earnings outlook than to compensation changes,” he added.

Amid an expected acceleration in AI-led demand globally, Infosys is proactively positioning its workforce to be AI-ready, said Dhanshree Jadhav, Analyst – Technology Services, Choice Institutional Equities. She added that the salary hikes are aimed at curbing attrition and enhancing Infosys’ ability to attract high-quality freshers, especially at a time when entry-level salaries across Indian IT companies have remained largely stagnant, reducing their competitiveness versus start-ups.

&quot;We believe the global IT industry is at an inflection point where strong sustained growth will increasingly be driven by upfront investments in talent and AI-led infrastructure to stay ahead of the curve,&quot; she said.

The stocks had earlier declined this week after the Donald Trump-led US administration said it was replacing its longstanding lottery system for H-1B work visas with a new approach that prioritises skilled, higher-paid foreign workers.

A press release announcing the new rule says it is “in line with other key changes the administration has made, such as the Presidential Proclamation that requires employers to pay an additional $100,000 per visa as a condition of eligibility.”
Top IT losers today:
Coforge shares were the top loser on the index, falling more than 3 percent after Moneycontrol reported that the IT services firm is in advanced discussions to acquire a global digital engineering company in a deal valued at over $1 billion, potentially marking one of the largest transactions in the sector.

LTIMindtree, Mphasis, Tech Mahindra, Tata Consultancy Services (TCS) and HCL Technologies shares fell more than 1 percent each, while Infosys, Wipro and Persistent Systems shares were trading in the green with marginal gains.

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.

Shriram Finance shares fell 2% after profit booking post six-session rally, MUFG Bank to acquire 20% stake in Shriram Finance for Rs 39,600 crore, Shriram Finance will remain an NBFC; no plans to become a bank

* Shriram Finance shares fell 2% after profit booking post six-session rally
* MUFG Bank to acquire 20% stake in Shriram Finance for Rs 39,600 crore
* Shriram Finance will remain an NBFC; no plans to become a bank

Shriram Finance shares fell 2% after a six-day rally, following news that MUFG Bank will acquire a 20% stake for Rs 39,600 crore, marking India's largest financial sector FDI. Brokerages see long-term growth, with no plans for a banking license.

shorts/business/shriram-finance-shares-fall-2-on-profit-booking-after-6-day-gains-over-mufg-deal

* Shriram Finance shares fell 2% after profit booking post six-session rally
* MUFG Bank to acquire 20% stake in Shriram Finance for Rs 39,600 crore
* Shriram Finance will remain an NBFC; no plans to become a bank

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/finance-leasinghire-purchase/shriramfinance/STF">Shriram Finance</a> fell around 2 percent on December 26 as investors may have resorted to profit booking at elevated levels, after a six-session gaining streak.

The shares of the NBFC dropped to Rs 957.30 apiece in the morning of Friday. This comes after the stock surged 16 percent in six sessions to hit a fresh 52-week high of Rs 983.7 per share on Wednesday.
<h3><strong>Shriram Finance-MUFG deal:</strong></h3>
Shriram Finance on December 19 announced that MUFG Bank will acquire 20 percent stake in the NBFC for Rs 39,600 crore ($4.4 billion) through preferential allotment of equity shares. This marks the largest FDI in India's financial sector.

The floor price for the preferential issue was set at Rs 840.83 per share, with MUFG set to acquire 47.11 crore equity shares.

Shriram, India's second-biggest non-bank lender after Bajaj Finance Ltd., operates businesses across urban and rural areas, focusing on loans for commercial vehicles, tractors and passenger cars.

Brokerages expect the deal to strengthen Shriram Finance’s balance sheet, bolster growth prospects and potentially pave the way for a credit rating upgrade. They have raised target prices and remain broadly positive on the long-term outlook, despite near-term earnings dilution from the expanded equity base.
<h3><strong>MUFG won't increase stake in Shriram Finance above 20%:</strong></h3>
While speaking at a joint press conference with the NBFC’s management earlier this week, Yasushi Itagaki, senior managing corporate executive and Group COO-I at MUFG, said that the J<a href="https://www.moneycontrol.com/news/business/will-shriram-finance-apply-to-become-a-bank-here-s-what-top-management-said-after-mufg-deal-13737198.html">apanese financial company is happy with its status as a “significant minority stakeholder”</a> in Shriram Finance. “Right now, we have no intention of going above 20 percent,” he added.

The executive from the Japanese conglomerate added that it has "no interest in investing in any other arms of Shriram Group". "We respect local branding and names, so Shriram Finance's name will remain," he further said.

Umesh Revankar, Executive Vice Chairman of Shriram Finance, said that the company becoming a bank is not something that the management sees happening right now.

"Getting a banking license is not under discussion at all. We prefer to remain where we are. Since India is growing very fast, it gives us a large opportunity to do retail lending and there is enough scope to expand with whatever we have built," he said, adding that no change is expected structurally in the way they manage business after the said stake acquisition by MUFG is completed.

Revankar believes there is enough scope and opportunity for Shriram Finance to remain as an NBFC and keep growing. "Being an NBFC gives you the advantage of customisation. It is better to remain in this particular structure for as long as possible," he added.
<h3><strong>Shriram Finance share price:</strong></h3>
Shriram Finance shares have gained around 11 percent in the past five days, and over 12 percent in the past one month. The stock is up around 37 percent in the past six months.

Its P/E ratio currently stands at 19.09.

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.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Shriram Finance shares fall 2% on profit-booking after 6-day gains over MUFG deal

The shares of Shriram Finance fell around 2 percent on December 26 as investors may have resorted to profit booking at elevated levels, after a six-session gaining streak.

The shares of the NBFC dropped to Rs 957.30 apiece in the morning of Friday. This comes after the stock surged 16 percent in six sessions to hit a fresh 52-week high of Rs 983.7 per share on Wednesday.
Shriram Finance-MUFG deal:
Shriram Finance on December 19 announced that MUFG Bank will acquire 20 percent stake in the NBFC for Rs 39,600 crore ($4.4 billion) through preferential allotment of equity shares. This marks the largest FDI in India's financial sector.

The floor price for the preferential issue was set at Rs 840.83 per share, with MUFG set to acquire 47.11 crore equity shares.

Shriram, India's second-biggest non-bank lender after Bajaj Finance Ltd., operates businesses across urban and rural areas, focusing on loans for commercial vehicles, tractors and passenger cars.

Brokerages expect the deal to strengthen Shriram Finance’s balance sheet, bolster growth prospects and potentially pave the way for a credit rating upgrade. They have raised target prices and remain broadly positive on the long-term outlook, despite near-term earnings dilution from the expanded equity base.
MUFG won't increase stake in Shriram Finance above 20%:
While speaking at a joint press conference with the NBFC’s management earlier this week, Yasushi Itagaki, senior managing corporate executive and Group COO-I at MUFG, said that the Japanese financial company is happy with its status as a “significant minority stakeholder” in Shriram Finance. “Right now, we have no intention of going above 20 percent,” he added.

The executive from the Japanese conglomerate added that it has &quot;no interest in investing in any other arms of Shriram Group&quot;. &quot;We respect local branding and names, so Shriram Finance's name will remain,&quot; he further said.

Umesh Revankar, Executive Vice Chairman of Shriram Finance, said that the company becoming a bank is not something that the management sees happening right now.

&quot;Getting a banking license is not under discussion at all. We prefer to remain where we are. Since India is growing very fast, it gives us a large opportunity to do retail lending and there is enough scope to expand with whatever we have built,&quot; he said, adding that no change is expected structurally in the way they manage business after the said stake acquisition by MUFG is completed.

Revankar believes there is enough scope and opportunity for Shriram Finance to remain as an NBFC and keep growing. &quot;Being an NBFC gives you the advantage of customisation. It is better to remain in this particular structure for as long as possible,&quot; he added.
Shriram Finance share price:
Shriram Finance shares have gained around 11 percent in the past five days, and over 12 percent in the past one month. The stock is up around 37 percent in the past six months.

Its P/E ratio currently stands at 19.09.

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.

Meta's Yann LeCun and DeepMind's Demis Hassabis clash over general intelligence, LeCun claims human intelligence is specialized, not truly general, Hassabis: Human and AI systems exhibit general intelligence computationally.

* Meta's Yann LeCun and DeepMind's Demis Hassabis clash over general intelligence
* LeCun claims human intelligence is specialized, not truly general
* Hassabis: Human and AI systems exhibit general intelligence computationally.

A debate on the nature of intelligence erupted after Meta’s Yann LeCun called general intelligence a flawed concept, arguing human intelligence is specialized. Google DeepMind’s Demis Hassabis disagreed, defending general intelligence as valid and achievable in AI.

shorts/technology/google-s-demis-hassabis-says-meta-s-yann-lecun-is-plain-incorrect-in-fresh-ai-intelligence-debate

Railway-linked shares extended their rally on Friday, rising up to 12 percent, as the revised passenger train fares came into effect from today.

Shares of <a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/railvikasnigam/RVN">Rail Vikas Nigam Ltd</a> (RVNL), Indian Railway Finance Corporation (IRFC), <a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/irctc-indianrailwaycateringtourismcorp/IRC">Indian Railway Catering and Tourism Corporation</a> (IRCTC) and RailTel were among the top gainers in the sector.

RVNL led the rally, climbing as much as 12.58 percent to Rs 389.20 on the NSE, at around 12 p.m. IRFC rose 9.27 percent to Rs 132.75, while IRCTC gained 4.59 percent to Rs 710.85. Jupiter Wagons was up 2.85 percent at Rs 350.30.

The government’s revised passenger train fares came into effect from Friday, marking the second fare hike this year. The Indian Railways had earlier announced that the new fare structure would be effective from December 26 and is expected to generate additional revenue of about Rs 600 crore in 2025-26.

Market participants said the fare hike is being seen as a positive for the sector as it improves the financial position of the Railways, which could support higher spending on infrastructure, wagons and related services.

Shravan Shetty, Managing Director of Primus Partners, said the gains were linked to the fare hike announcement and its potential impact on railway finances.

"While railway stocks are not directly impacted by fare revisions, an improvement in the financial health of Indian Railways could accelerate capital expenditure and support revenue growth for wagon and infrastructure players," Shetty said.

He added that many railway stocks had declined on a year-to-date basis and the recent developments are helping them recover.

Analysts said investors are also positioning ahead of the budgetary allocations for the sector in the upcoming Union Budget 2026-27.

Sunny Agrawal, Head of Fundamental Research at SBI Securities, said the rally has largely been driven by Budget-related expectations.

He said the initial trigger was the conversion of a preferential issue by the promoter of Jupiter Wagons, which led to a sharp rise in the stock and subsequently spilled over to other railway engineering, procurement and construction (EPC) companies.

Agrawal said SBI Securities prefers wagon-related businesses and sees the current rally as an opportunity to book profits in railway EPC stocks such as IRCON, RITES and RVNL.

"Any further rise ahead of the Budget should be utilised for profit booking," he said.

The Indian Railways has raised passenger fares by up to 2 paise per km. An official statement on Thursday said Sleeper, AC and non-AC classes will see a one paise per km increase for non-mail or non-express trains, while Mail or Express fares will go up by 2 paise per km.

Reports said passenger fares could see further increases going ahead.

<em><strong>Disclaimer:</strong> The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Railway shares extend run as fare hike kicks in today; RVNL, IRCTC, IRFC rise up to 12%

Railway-linked shares extended their rally on Friday, rising up to 12 percent, as the revised passenger train fares came into effect from today.

Shares of Rail Vikas Nigam Ltd (RVNL), Indian Railway Finance Corporation (IRFC), Indian Railway Catering and Tourism Corporation (IRCTC) and RailTel were among the top gainers in the sector.

RVNL led the rally, climbing as much as 12.58 percent to Rs 389.20 on the NSE, at around 12 p.m. IRFC rose 9.27 percent to Rs 132.75, while IRCTC gained 4.59 percent to Rs 710.85. Jupiter Wagons was up 2.85 percent at Rs 350.30.

The government’s revised passenger train fares came into effect from Friday, marking the second fare hike this year. The Indian Railways had earlier announced that the new fare structure would be effective from December 26 and is expected to generate additional revenue of about Rs 600 crore in 2025-26.

Market participants said the fare hike is being seen as a positive for the sector as it improves the financial position of the Railways, which could support higher spending on infrastructure, wagons and related services.

Shravan Shetty, Managing Director of Primus Partners, said the gains were linked to the fare hike announcement and its potential impact on railway finances.

&quot;While railway stocks are not directly impacted by fare revisions, an improvement in the financial health of Indian Railways could accelerate capital expenditure and support revenue growth for wagon and infrastructure players,&quot; Shetty said.

He added that many railway stocks had declined on a year-to-date basis and the recent developments are helping them recover.

Analysts said investors are also positioning ahead of the budgetary allocations for the sector in the upcoming Union Budget 2026-27.

Sunny Agrawal, Head of Fundamental Research at SBI Securities, said the rally has largely been driven by Budget-related expectations.

He said the initial trigger was the conversion of a preferential issue by the promoter of Jupiter Wagons, which led to a sharp rise in the stock and subsequently spilled over to other railway engineering, procurement and construction (EPC) companies.

Agrawal said SBI Securities prefers wagon-related businesses and sees the current rally as an opportunity to book profits in railway EPC stocks such as IRCON, RITES and RVNL.

&quot;Any further rise ahead of the Budget should be utilised for profit booking,&quot; he said.

The Indian Railways has raised passenger fares by up to 2 paise per km. An official statement on Thursday said Sleeper, AC and non-AC classes will see a one paise per km increase for non-mail or non-express trains, while Mail or Express fares will go up by 2 paise per km.

Reports said passenger fares could see further increases going ahead.

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.

Tata Steel shares drop 1% after Dutch subsidiaries face €1.4 billion claims, Residents near Dutch plants allege hazardous emissions and seek compensation, Tata Steel rejects claims as unsubstantiated and prepares to defend in court

* Tata Steel shares drop 1% after Dutch subsidiaries face €1.4 billion claims
* Residents near Dutch plants allege hazardous emissions and seek compensation
* Tata Steel rejects claims as unsubstantiated and prepares to defend in court

Tata Steel shares fell over 1% after its Dutch subsidiaries faced €1.4 billion in claims from residents alleging health damages from hazardous emissions. Tata Steel rejects the claims as unsubstantiated and says it will defend against the lawsuit.

shorts/business/tata-steel-shares-fall-1-as-subsidiaries-face-1-4-billion-in-claims-over-hazardous-emissions-in-netherlands

* Tata Steel shares drop 1% after Dutch subsidiaries face €1.4 billion claims
* Residents near Dutch plants allege hazardous emissions and seek compensation
* Tata Steel rejects claims as unsubstantiated and prepares to defend in court

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/ironsteel/tatasteel/TIS">Tata Steel</a> dropped more than 1 percent on December 26 after the company announced that its Dutch subsidiaries are facing proceedings over alleged damages caused by hazardous emissions in Netherlands.

The shares of the Tata Group-company dropped to Rs 167.82 apiece, emerging as the top losers on the Nifty 50 index.
<h3><strong>Tata Steel's Dutch subsidiaries face €1.4 billion in claims:</strong></h3>
Residents residing near Tata Steel's plants in Netherlands, as represented by Stichting Frisse Wind (SFW), have alleged that the company is liable for the damages caused by its operations in Velsen-Noord. These damages most importantly include the emissions of hazardous or harmful substances. They seek a compensation of euro 1.4 billion (over Rs 14,810 crore) for the “increased susceptibility to various health issues and the loss of enjoyment of homes, as the average home value in the region demonstrably lags behind that of comparable regions”.

SFW served a writ of summons to the two subsidiaries for proceedings at the District Court North Holland in Haarlem. The proceedings concern a collective action under the Dutch Act on Collective Settlement of Mass Claims (WAMCA).

The company said that SFW has provided no supporting evidence for the claim, making it unsubstantiated and speculative. It rejects the claims being without any basis.

“TSN is fully prepared to defend against the claim. In our assessment, SFW faces considerable challenges regarding both admissibility and the merits of its case. Although, TSN is yet to receive the exhibits on which SFW intends to rely, TSN has already identified substantial grounds for defence,” the company said.

It added that health and clean-living environment remain its key priorities, just like the local residents and stakeholders. “Through substantial investments outlined in Roadmap+, TSN has achieved significant improvements in areas of concern for the neighbouring community over the past five years. Additionally, TSN consistently ranks among the leading global blast furnace-based steel producers in terms of CO2 efficiency, with performance metrics well below both European and global averages,” it further said.
<h3><strong>Tata Steel share price:</strong></h3>
Tata Steel shares have gained around 5 percent in the past six months, and around 23 percent in 2025 so far. The stock jumped over 170 percent in the past five years.

Its P/E ratio currently stands at around 52.

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.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Tata Steel shares fall 1% as subsidiaries face €1.4 billion in claims over hazardous emissions in Netherlands

The shares of Tata Steel dropped more than 1 percent on December 26 after the company announced that its Dutch subsidiaries are facing proceedings over alleged damages caused by hazardous emissions in Netherlands.

The shares of the Tata Group-company dropped to Rs 167.82 apiece, emerging as the top losers on the Nifty 50 index.
Tata Steel's Dutch subsidiaries face €1.4 billion in claims:
Residents residing near Tata Steel's plants in Netherlands, as represented by Stichting Frisse Wind (SFW), have alleged that the company is liable for the damages caused by its operations in Velsen-Noord. These damages most importantly include the emissions of hazardous or harmful substances. They seek a compensation of euro 1.4 billion (over Rs 14,810 crore) for the “increased susceptibility to various health issues and the loss of enjoyment of homes, as the average home value in the region demonstrably lags behind that of comparable regions”.

SFW served a writ of summons to the two subsidiaries for proceedings at the District Court North Holland in Haarlem. The proceedings concern a collective action under the Dutch Act on Collective Settlement of Mass Claims (WAMCA).

The company said that SFW has provided no supporting evidence for the claim, making it unsubstantiated and speculative. It rejects the claims being without any basis.

“TSN is fully prepared to defend against the claim. In our assessment, SFW faces considerable challenges regarding both admissibility and the merits of its case. Although, TSN is yet to receive the exhibits on which SFW intends to rely, TSN has already identified substantial grounds for defence,” the company said.

It added that health and clean-living environment remain its key priorities, just like the local residents and stakeholders. “Through substantial investments outlined in Roadmap+, TSN has achieved significant improvements in areas of concern for the neighbouring community over the past five years. Additionally, TSN consistently ranks among the leading global blast furnace-based steel producers in terms of CO2 efficiency, with performance metrics well below both European and global averages,” it further said.
Tata Steel share price:
Tata Steel shares have gained around 5 percent in the past six months, and around 23 percent in 2025 so far. The stock jumped over 170 percent in the past five years.

Its P/E ratio currently stands at around 52.

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.

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

Stock News

Titan shares hit fresh 52-week high as firm set to launch first store offering lab-grown diamond products

IT stocks fall up to 3% after Infosys hikes entry-level salaries: Here's what analysts say

Shriram Finance shares fall 2% on profit-booking after 6-day gains over MUFG deal

Railway shares extend run as fare hike kicks in today; RVNL, IRCTC, IRFC rise up to 12%

Tata Steel shares fall 1% as subsidiaries face €1.4 billion in claims over hazardous emissions in Netherlands

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

Titan shares hit fresh 52-week high as firm set to launch first store offering lab-grown diamond products

IT stocks fall up to 3% after Infosys hikes entry-level salaries: Here's what analysts say

Shriram Finance shares fall 2% on profit-booking after 6-day gains over MUFG deal

Railway shares extend run as fare hike kicks in today; RVNL, IRCTC, IRFC rise up to 12%

Tata Steel shares fall 1% as subsidiaries face €1.4 billion in claims over hazardous emissions in Netherlands

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