Closing Bell: Sensex sheds 331 pts, Nifty below 26,000; realty, metal drag, IT gains

Indian equity indices ended lower in the volatile trade on November 24 with Nifty below 26000.At close, the Sensex was down 331.21 points or 0.39 percent at 84,900.71, and the Nifty was down 108.65 points or 0.42 percent at 25,959.50.

We wrap up today's edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

The index has closed below its 50 EMA on the hourly chart and slipped under the strong 26000 support near its 10-day EMA, forming a bearish candlestick and signaling short-term weakness. A further retracement is likely if the index opens or closes below the 10-day EMA at 25950, which could push it toward the 20-day EMA placed at 25850 levels.

Support for the index stands at 25850, and a cautious stance is advisable if it breaks below this level, while resistance remains at 26100.

Markets traded with a subdued bias on Monday, ending nearly half a percent lower. After a positive start, the Nifty index moved in a narrow range for most of the session, but a sharp decline in the final half hour dragged it lower. It eventually settled at 25,959.50, down 0.42%.

Sectorally, all major indices—barring IT—closed in the red, with realty, metal, and energy leading the losses. Broader market sentiment was also weak, as both the midcap and smallcap indices closed in the red, reflecting caution ahead of key global events and the monthly derivatives expiry.

The muted performance was driven by risk aversion amid global uncertainties and continued FII selling, which overshadowed domestic resilience.

With the monthly expiry scheduled for Tuesday, volatility is likely to remain elevated. We expect the Nifty to hover within the 25,800–26,100 range. Meanwhile, participants should maintain a stock-specific approach and use dips or periods of consolidation to gradually accumulate quality names.

Nifty closed about 108 points lower, reflecting profit booking and a short term pause after its recent rally rather than a confirmed trend reversal. The medium term technical setup remains positive, but the index is in a weak trend with volatility and late session selling as per short term perspective.

A long bear candle has been formed on the daily chart on Monday which indicates an emergence of selling pressure in the market from near all time highs. This is not a good sign and this market action suggests chances of more weakness in the short term.

The underlying short term trend of Nifty seems to have reversed down. Further weakness from here could drag Nifty down to the next important support of 25700 levels in the next few sessions. However, the upper area of 26200-26300 levels could provide strong resistance for the market in the near term.

The benchmark index Nifty extended its losing streak for the second consecutive session, closing below the psychologically important 26000 mark with a decline of 0.42%. On the daily chart, the index has formed a large bearish candle, signalling sustained selling pressure and a lack of buying interest.

Within the Nifty constituents, Tech Mahindra and Eicher Motors managed to buck the trend and emerged as the top gainers, while Bharat Electronics and JSW Steel were among the biggest losers, dragging the index lower. Sectoral performance was broadly negative, with Nifty IT being the only sector to end in the green. All other major sectoral indices closed in the red, led by sharp declines in Nifty Realty, Nifty Chemical, and Nifty Metal.

The weakness was not confined to frontline indices. The broader market also witnessed heavy selling, as Nifty Midcap 100 and Nifty Smallcap 100 ended on a negative note. Notably, the Nifty Smallcap 100 slipped below its 200-day EMA, a key technical support level, which points to strong bearish momentum. Adding to the concern, its daily RSI fell below the 40 mark and continues to trend downward, reinforcing the possibility of further downside. Market breadth remained extremely weak, with the advance-decline ratio tilted heavily in favor of decliners. From the Nifty 500 universe, as many as 338 stocks closed in the red, highlighting the broad-based nature of the selloff.

Nifty View

Going ahead, the 20-day EMA zone of 25850–25800 will act as an important support for the Nifty. On the upside, the 26100–26130 zone will serve as a crucial hurdle. A decisive move beyond either of these levels will likely determine the next directional trend for the market.

Bank Nifty View

The banking benchmark index Bank Nifty witnessed strong bullish momentum during the first half of the session, but failed to sustain near its previous day’s high. In the last hour of trade, the index saw a sharp correction, erasing early gains and finally closing below the 58900 mark with a marginal loss of 0.05%. On the daily chart, it has formed a high wave candle, which reflects indecisiveness among market participants and signals a lack of clear trend direction.

Going ahead, the 20-day EMA zone of 58400–58300 will act as a critical support for the index. A sustained move below 58300 could trigger further downside towards 57700, indicating a deeper correction. On the upside, the 59200–59300 zone will serve as a key hurdle, and only a decisive breakout above this range can revive bullish momentum in the banking space.

After a range-bound positive session, the market closed with a decline in the last half hour, as Nifty50 indices could not survive above the key threshold of 26,000. Investor sentiment remained cautious, in anticipation of key event risk like delays in finalizing the interim US-India trade agreement. Nonetheless, selective buying in IT stocks offered some support. On a brighter note, global markets remain optimistic, fueled by renewed expectations of a December Fed rate cut, prompted by downside risks to U.S. employment data. Domestically, favorable macro indicators, including GDP growth, controlled inflation, stable oil prices, and a strong H2 earnings outlook, have contributed to market stability.

The rupee gained the most among the Asian currencies on likely intervention from the central bank and MSCI index rebalancing related flows. However, the trend and bias remain weak for the rupee amid foreign fund outflows, widening trade deficit and stronger dollar index against the major currencies.

In the near term, spot USINR has resistance at 89.50 and support at 88.80.

Indian rupee ended 17 paise higher at 89.23 per dollar on Monday versus Friday's close of 89.40.

Indian equity indices ended lower in the volatile trade on November 24 with Nifty below 26000.

At close, the Sensex was down 331.21 points or 0.39 percent at 84,900.71, and the Nifty was down 108.65 points or 0.42 percent at 25,959.50. About 1120 shares advanced, 2786 shares declined, and 156 shares unchanged.

Tech Mahindra, Eicher Motors, Bajaj Auto, Wipro, Infosys are among major gainers on the Nifty, while losers are JSW Steel, Bharat Electronics, Max Healthcare, Grasim Industries, Dr Reddys Labs.

Among sectors, except IT, all other indices ended in the red with media, metal, realty, pharma, oil & gas, FMCG down 0.4-1%.

BSE midcap index fell 0.3%, while smallcap index down 0.8%.

Indian equity indices ended lower in the volatile trade on November 24 with Nifty below 25950.

Tech Mahindra, Eicher Motors, Bajaj Auto, Wipro, Infosys are among major gainers on the Nifty, while losers are JSW Steel, Bharat Electronics, Max Healthcare, M&M, Power Grid Corp.

Among sectors, except IT, all other indices are trading in the red with media, metal, realty, oil & gas, FMCG down 0.5-1%.

BSE midcap index fell 0.3%, while smallcap index down 0.7%.

SpiceJet was quoting at Rs 32.10, down Rs 3.01, or 8.57 percent.

It has touched an intraday high of Rs 35.33 and an intraday low of Rs 31.95.

It was trading with volumes of 8,307,799 shares, compared to its five day average of 9,402,226 shares, a decrease of -11.64 percent.

In the previous trading session, the share closed down 2.69 percent or Rs 0.97 at Rs 35.11.

The share touched a 52-week high of Rs 63.40 and a 52-week low of Rs 28.13 on 28 November, 2024 and 08 October, 2025, respectively.

Currently, the stock is trading 49.37 percent below its 52-week high and 14.11 percent above its 52-week low.

Market capitalisation stands at Rs 4,114.21 crore.

Swiggy was quoting at Rs 403.65, up Rs 18, or 4.67 percent.

It has touched an intraday high of Rs 410.30 and an intraday low of Rs 378.05.

In the previous trading session, the share closed down 2.33 percent or Rs 9.20 at Rs 385.65.

The share touched a 52-week high of Rs 617.00 and a 52-week low of Rs 297.00 on 23 December, 2024 and 13 May, 2025, respectively.

Currently, the stock is trading 34.58 percent below its 52-week high and 35.91 percent above its 52-week low.

Market capitalisation stands at Rs 100,656.06 crore.

Indian rupee has erased some of the intraday gains but still trading higher at 89.22 per dollar versus Friday's close of 89.40.

Spot gold rebounded sharply from a session low of $4,025/oz to close at $4,065/oz on Friday after dovish remarks from New York Fed President John Williams boosted expectations of a December rate cut. The probability of a cut next month jumped from 40% to 70%, according to the CME FedWatch tool, after Williams warned that labor-market risks now outweigh inflation concerns and signaled room for near-term easing. Still, gold closed the week with a modest 0.5% decline as gold was weighed down by a firm U.S. dollar holding above 100 amid uneven labor data, the absence of October payrolls, and mixed Fed commentary. Today, spot gold eased to $4,045/oz as traders cautiously await a series of U.S. economic releases, with any upside surprises likely to shift expectations back toward no rate cut.

WTI crude oil slipped to a one-month low of $57.38/bbl on Friday as Ukrainian President Volodymyr Zelenskyy agreed to work with the U.S. on a peace plan, overshadowing the impact of US sanctions on Rosneft and Lukoil that took effect the same day. Earlier in the week, crude had firmed near $61/bbl on expectations of tighter sanctions on Russia and the possibility of U.S. military action against Venezuela. Today, oil prices are holding near $58/bbl, with growing prospects of a Ukraine-Russia peace deal raising the likelihood of sanctions relief for Moscow, potentially releasing previously restricted supplies and worsening an already fragile global glut.

The Sensex was down 97.96 points or 0.11 percent at 85,133.96, and the Nifty was down 42.60 points or 0.16 percent at 26,025.55. About 1110 shares advanced, 2743 shares declined, and 170 shares unchanged.

Exide Industries was quoting at Rs 365, down Rs 10.25, or 2.73 percent.

It has touched an intraday high of Rs 375.55 and an intraday low of Rs 364.10.

It was trading with volumes of 52,581 shares, compared to its five day average of 77,057 shares, a decrease of -31.76 percent.

In the previous trading session, the share closed down 1.43 percent or Rs 5.45 at Rs 375.25.

The share touched a 52-week high of Rs 472.70 and a 52-week low of Rs 327.95 on 12 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 22.78 percent below its 52-week high and 11.3 percent above its 52-week low.

Market capitalisation stands at Rs 31,025.00 crore.

The US FDA conducted an inspection at the manufacturing facility in Goa during November 10–21 and closed with the issuance of a Form 483 with seven observations.

Lupin was quoting at Rs 2,001.40, down Rs 27.30, or 1.35 percent.

It has touched an intraday high of Rs 2,013 and an intraday low of Rs 1,984.

It was trading with volumes of 26,563 shares, compared to its five day average of 16,473 shares, an increase of 61.25 percent.

In the previous trading session, the share closed down 0.10 percent or Rs 2.05 at Rs 2,028.70.

The share touched a 52-week high of Rs 2,403.45 and a 52-week low of Rs 1,774.00 on 02 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 16.73 percent below its 52-week high and 12.82 percent above its 52-week low.

Market capitalisation stands at Rs 91,416.38 crore.

#1 Everstone Capital in talks with multiple interested parties

#2 Family office of listed company with QSR Presence, other PEs in fray

#3 Negotiations are at an advanced stage

Restaurant Brands Asia was quoting at Rs 63.29, up Rs 1.52, or 2.46 percent.

It has touched an intraday high of Rs 63.49 and an intraday low of Rs 60.91.

It was trading with volumes of 117,483 shares, compared to its five day average of 116,107 shares, an increase of 1.19 percent.

In the previous trading session, the share closed down 1.31 percent or Rs 0.82 at Rs 61.77.

The share touched a 52-week high of Rs 89.53 and a 52-week low of Rs 59.50 on 20 May, 2025 and 17 March, 2025, respectively.

Currently, the stock is trading 29.31 percent below its 52-week high and 6.37 percent above its 52-week low.

Market capitalisation stands at Rs 3,685.38 crore.

QIB – 0.11 times

NII - 9.10 times

Retail – 4.20 times

Overall – 4.08 times

#1 Strong growth outlook with 25 percent upside potential

#2 Company positioned among top three stainless steel producers

#3 Robust volume expansion driving EPS & EBITDA CAGR

#4 Diversified portfolio across carbon steel & specialty alloys

#5 Healthy net cash balance sheet supporting future investments

#6 Valuation remains attractive at 10x FY27E EV/EBITDA

The Sensex was up 55.32 points or 0.06 percent at 85,287.24, and the Nifty was up 9.15 points or 0.04 percent at 26,077.30. About 1197 shares advanced, 2596 shares declined, and 184 shares unchanged.

NHPC was quoting at Rs 76.33, down Rs 2.47, or 3.13 percent.

It has touched an intraday high of Rs 78.82 and an intraday low of Rs 76.31.

It was trading with volumes of 387,819 shares, compared to its five day average of 525,943 shares, a decrease of -26.26 percent.

In the previous trading session, the share closed down 1.62 percent or Rs 1.30 at Rs 78.80.

The share touched a 52-week high of Rs 92.30 and a 52-week low of Rs 71.01 on 09 June, 2025 and 12 February, 2025, respectively.

Currently, the stock is trading 17.3 percent below its 52-week high and 7.49 percent above its 52-week low.

Market capitalisation stands at Rs 76,673.75 crore.

VLS Finance was quoting at Rs 314.30, up Rs 50.80, or 19.28 percent.

It has touched an intraday high of Rs 316.20 and an intraday low of Rs 299.20.

It was trading with volumes of 56,387 shares, compared to its five day average of 18,556 shares, an increase of 203.88 percent.

In the previous trading session, the share closed up 0.08 percent or Rs 0.20 at Rs 263.50.

The share touched a 52-week high of Rs 396.95 and a 52-week low of Rs 189.50 on 28 November, 2024 and 04 March, 2025, respectively.

Currently, the stock is trading 20.82 percent below its 52-week high and 65.86 percent above its 52-week low.

Market capitalisation stands at Rs 1,068.94 crore.

TeamLease Services was quoting at Rs 1,857.00, up Rs 197.30, or 11.89 percent.

It has touched an intraday high of Rs 1,873.00 and an intraday low of Rs 1,691.10.

It was trading with volumes of 161,394 shares, compared to its five day average of 230 shares, an increase of 70,010.34 percent.

In the previous trading session, the share closed down 1.40 percent or Rs 23.50 at Rs 1,659.70.

The share touched a 52-week high of Rs 3,100.20 and a 52-week low of Rs 1,641.60 on 06 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 40.1 percent below its 52-week high and 13.12 percent above its 52-week low.

Market capitalisation stands at Rs 3,113.98 crore.

Atpole Technologies Private Limited, a subsidiary of Bondada Engineering, has been officially certified by the International Centre for Automotive Technology (ICAT) for its BLDC Hub Motor 6” Inch 250W Tricycle Motor. This achievement marks a significant milestone in our continuous pursuit of excellence and innovation.

Bondada Engineering was quoting at Rs 394.65, down Rs 14.50, or 3.54 percent.

It has touched an intraday high of Rs 410 and an intraday low of Rs 393.10.

It was trading with volumes of shares, to its five day average of shares, a decrease of percent.

In the previous trading session, the share closed down 2.27 percent or Rs 9.50 at Rs 409.15.

The share touched a 52-week high of Rs 719.50 and a 52-week low of Rs 330 on 12 December, 2024 and 04 March, 2025, respectively.

Currently, the stock is trading 45.15 percent below its 52-week high and 19.59 percent above its 52-week low.

Market capitalisation stands at Rs 4,404.04 crore.

India’s new labour laws represent a major structural overhaul for both employers and workers. By merging more than 29 separate regulations into four unified codes, the reforms seek to simplify compliance and establish more consistent standards across states. For companies, greater flexibility in hiring, fixed-term contracts, and streamlined retrenchment rules may enhance operational efficiency; however, questions remain about safeguarding worker rights.

For employees, revisions to wage definitions, expanded social security coverage, and clearer workplace norms offer improved transparency; however, execution risks remain significant. Ultimately, the long-term impact will depend on how smoothly states implement the codes, how industries adapt, and the strength of on-ground enforcement.

Siemens Energy India was quoting at Rs 3,329.85, down Rs 5.45, or 0.16 percent.

It has touched an intraday high of Rs 3,375.85 and an intraday low of Rs 3,325.

In the previous trading session, the share closed down 0.32 percent or Rs 10.60 at Rs 3,335.30.

The share touched a 52-week high of Rs 3,624 and a 52-week low of Rs 2,529 on 23 September, 2025 and 24 June, 2025, respectively.

Currently, the stock is trading 8.12 percent below its 52-week high and 31.67 percent above its 52-week low.

Market capitalisation stands at Rs 118,582.79 crore.

Rail Vikas Nigam has emerged as the lowest bidder for a project worth Rs 180.8 crore from North Eastern Railway. The project involves design, supply, erection, testing, and commissioning of OHE modification and feeder wire work of the 2x25 kV traction system for capacity upgradation of the UTR-MWP section (184 RKM/368 TKM) in the Lucknow division of Northern Railway.

The US FDA has completed its 10-day inspection at the company's Unit IV in Jadcherla, Telangana, and issued a Form 483 with eight inspectional observations. None of them has been categorised as a repeat observation.

This facility is capable of manufacturing, packaging, testing, storage, and distribution of sterile injectables, oral tablets, and capsules, and supplies to the US, Europe, and other markets across the globe. The unit is approved by major regulators such as EMA (Europe), Health Canada, Anvisa (Brazil), and TGA (Australia).

The Board has approved an investment of Rs 135 crore towards expansion of dense soda ash manufacturing capacity at its plant in Mithapur, and Rs 775 crore towards expansion of precipitated silica manufacturing capacity at its plant in Cuddalore, Tamil Nadu.

There is new buzz in the long-awaited privatisation process of IDBI Bank. A latest media report says that Kotak Mahindra Bank has also joined the race for the stake sale of the bank.

As per the report by NDTV Profit, apart from Oaktree Capital and Fairfax, Kotak Mahindra Bank has also shown interest. However, it should be noted that Kotak Mahindra Bank has not officially confirmed or denied the development. Moneycontrol can't independently verify the report.

Elaborating on the major concerns of the suitors, the NDTV Profit report says that the biggest issue is the humongous market capitalization of IDBI Bank.

Embassy Developments will launch six new residential projects valuedat ~Rs 10,300 crore in North Bengaluru, reinforcing its strong growth trajectory for FY26.

Embassy Developments was quoting at Rs 77.44, down Rs 1.76, or 2.22 percent.

It has touched a 52-week low of Rs 76.25.

It has touched an intraday high of Rs 79.44 and an intraday low of Rs 76.25.

It was trading with volumes of 312,942 shares, compared to its five day average of 185,117 shares, an increase of 69.05 percent.

In the previous trading session, the share closed down 3.17 percent or Rs 2.59 at Rs 79.20.

Market capitalisation stands at Rs 10,769.07 crore.

QIB – 0.11 times

NII - 7.16 times

Retail – 3.45 times

Overall – 3.29 times

Consolidated Construction Consortium was quoting at Rs 19.20, down Rs 0.02, or 0.10 percent.

It has touched an intraday high of Rs 19.98 and an intraday low of Rs 18.85.

It was trading with volumes of 9,897 shares, compared to its five day average of 36,957 shares, a decrease of -73.22 percent.

In the previous trading session, the share closed down 4.66 percent or Rs 0.94 at Rs 19.22.

The share touched a 52-week high of Rs 28.90 and a 52-week low of Rs 11.09 on 17 September, 2025 and 19 February, 2025, respectively.

Currently, the stock is trading 33.56 percent below its 52-week high and 73.13 percent above its 52-week low.

Market capitalisation stands at Rs 802.92 crore.

Shares of Adani Green Energy fell over 1% on November 24 as a report said French energy giant TotalEnergies plans to sell up to a 6% stake in the Adani Group firm.

TotalEnergies looks to book gains after its $2.5 billion investment in 2021, which rose in value to about $8 billion, Economic Times reported, citing people familiar with the matter.

The technology company specialising in AI-enabled governance and enterprise automation solutions has entered into a strategic partnership worth $3 million with Ajnihat Alnajah Group LLC, a Saudi-based enterprise and digital transformation solutions provider.

RNIT AI Solutions was quoting at Rs 61.10, up Rs 3.05, or 5.25 percent.

It has touched an intraday high of Rs 63.49 and an intraday low of Rs 60.31.

It was trading with volumes of 670,559 shares, compared to its five day average of 384,435 shares, an increase of 74.43 percent.

In the previous trading session, the share closed down 0.34 percent or Rs 0.20 at Rs 58.05.

The share touched a 52-week high of Rs 71.00 and a 52-week low of Rs 42.57 on 11 November, 2025 and 30 October, 2025, respectively.

Currently, the stock is trading 13.94 percent below its 52-week high and 43.53 percent above its 52-week low.

Market capitalisation stands at Rs 456.98 crore.

Indian rupee is trading higher at 89.19 per dollar versus Friday's close of 89.40.

The company has secured a Work Order from NTT Global Data Centers NAV2 of Rs 3,21,09,925.

Coforge announced the launch of Forge-X, an integrated engineering and delivery platform, purposebuilt on Agentic AI principles that completely transforms how software is delivered.

The Sensex was up 57.69 points or 0.07 percent at 85,289.61, and the Nifty was up 16.25 points or 0.06 percent at 26,084.40. About 1292 shares advanced, 2404 shares declined, and 178 shares unchanged.

The US Food and Drug Administration (FDA) conducted an inspection at the API manufacturing plant in Manali, Chennai, during November 17–21 and concluded with seven observations in the Form 483.

The company believes that the observations are procedural in nature.

The company has emerged as L-1 bidder for the tender floated by the National Aluminium Company Limited (NALCO), A Govt. of India Enterprises.

The contract is for development and operation of Pottangi Bauxite Mines along with Overland Conveyor Corridor (OLCC) and allied facilities with EPC Work for first 3 years and mining for balance 22 years, with total cost is Rs 5000 crore.

The company, jointly with Kalpataru Projects International, has been declared the L-1 bidder by the Maharashtra Metro Rail Corporation in a joint venture bidding process. HG Infra has a 40% share and Kalpataru Projects International has a 60% share in the joint venture for the Metro Rail project worth Rs 1,415 crore.

The project involves the design and construction of an elevated metro viaduct between UG Ramp and Balkum Naka, including the Depot Approach Viaduct and three special spans for the Thane Integral Ring Metro Project.

MEHRU Electrical and Mechanical Engineers, a material subsidiary of Quality Power Electrical Equipments, has secured a major order valued at approximately Rs 26 crores, the largest single order for the supply of 400kV and 220kV Oil-Cooled Current Transformers (CTs).

Quality Power Electrical Equipments was quoting at Rs 747.80, down Rs 34.15, or 4.37 percent.

It has touched an intraday high of Rs 794.45 and an intraday low of Rs 746.15.

In the previous trading session, the share closed down 2.20 percent or Rs 17.55 at Rs 781.95.

The share touched a 52-week high of Rs 1,081.45 and a 52-week low of Rs 270.60 on 30 September, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 30.85 percent below its 52-week high and 176.35 percent above its 52-week low.

Market capitalisation stands at Rs 5,791.27 crore.

Deepak Nitrite was quoting at Rs 1,650, down Rs 41.70, or 2.46 percent.

It has touched a 52-week low of Rs 1,650.

It has touched an intraday high of Rs 1,691.70 and an intraday low of Rs 1,650.

It was trading with volumes of 6,317 shares, compared to its five day average of 9,013 shares, a decrease of -29.92 percent.

In the previous trading session, the share closed down 0.79 percent or Rs 13.45 at Rs 1,691.70.

Market capitalisation stands at Rs 22,504.85 crore.

QIB – 0.10 times

NII - 5.98 times

Retail – 2.93 times

Overall – 2.78 times

The company has signed a new property, Keys Select by Lemon Tree Hotels, in Bhopal, Madhya Pradesh. The property will be managed by the company’s subsidiary Carnation Hotels.

Lemon Tree Hotels was quoting at Rs 150.20, down Rs 3.45, or 2.25 percent.

It has touched an intraday high of Rs 153.20 and an intraday low of Rs 149.30.

It was trading with volumes of 60,795 shares, compared to its five day average of 251,648 shares, a decrease of -75.84 percent.

In the previous trading session, the share closed up 0.69 percent or Rs 1.05 at Rs 153.65.

The share touched a 52-week high of Rs 180.60 and a 52-week low of Rs 110.55 on 08 September, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 16.83 percent below its 52-week high and 35.87 percent above its 52-week low.

Market capitalisation stands at Rs 11,899.54 crore.

#1 Strong growth outlook with 25 percent upside potential

#2 Company positioned among top three stainless steel producers

#3 Robust volume expansion driving EPS & EBITDA CAGR

#4 Diversified portfolio across carbon steel & specialty alloys

#5 Healthy net cash balance sheet supporting future investments

#6 Valuation remains attractive at 10x FY27E EV/EBITDA

Bajaj Electricals was quoting at Rs 527.75, up Rs 39.05, or 7.99 percent.

It has touched an intraday high of Rs 529.90 and an intraday low of Rs 487.45.

It was trading with volumes of 55,138 shares, compared to its five day average of 7,906 shares, an increase of 597.42 percent.

In the previous trading session, the share closed down 1.31 percent or Rs 6.50 at Rs 488.70.

The share touched a 52-week high of Rs 862 and a 52-week low of Rs 485.50 on 10 December, 2024 and 21 November, 2025, respectively.

Currently, the stock is trading 38.78 percent below its 52-week high and 8.7 percent above its 52-week low.

Market capitalisation stands at Rs 6,088.66 crore.

Asahi India Glass was quoting at Rs 1,047.70, up Rs 64.90, or 6.60 percent.

It has touched a 52-week high of Rs 1,049.40.

It has touched an intraday high of Rs 1,049.40 and an intraday low of Rs 980.00.

It was trading with volumes of 12,527 shares, compared to its five day average of 7,809 shares, an increase of 60.41 percent.

In the previous trading session, the share closed down 1.53 percent or Rs 15.25 at Rs 982.80.

Market capitalisation stands at Rs 26,708.72 crore.

The Sensex was up 137.76 points or 0.16 percent at 85,369.68, and the Nifty was up 45.90 points or 0.18 percent at 26,114.05. About 1386 shares advanced, 2174 shares declined, and 187 shares unchanged.

Varroc Engineering announced a major new business win with an electric vehicle (EV) OEM. The partnership involves the supply of critical High Voltage electronics for e-powertrain components, marking a significant milestone in Varroc’s continued expansion into the electric mobility segment and underscores its position as a trusted partner for advanced technology solutions globally.

Under the agreement, Varroc will deliver comprehensive High Voltage Electronics for a range of high-performance e-powertrain components, including power electronics unit, inverters, onboard chargers, battery management systems (BMS), and DC-DC converters.

Varroc Engineering was quoting at Rs 668.70, up Rs 13.85, or 2.11 percent.

It has touched an intraday high of Rs 672 and an intraday low of Rs 650.

It was trading with volumes of 6,730 shares, compared to its five day average of 14,086 shares, a decrease of -52.22 percent.

In the previous trading session, the share closed down 2.13 percent or Rs 14.25 at Rs 654.85.

The share touched a 52-week high of Rs 674.65 and a 52-week low of Rs 365.00 on 14 November, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 0.88 percent below its 52-week high and 83.21 percent above its 52-week low.

Market capitalisation stands at Rs 10,216.83 crore.

The Finanzamt Karlsruhe authority has imposed a penalty of EUR 56,319 (approximately Rs 57.7 lakh) on Motherson Sequencing and Assembly Services Global Group GmbH, an indirect wholly owned subsidiary of Samvardhana Motherson International, for delayed payment of VAT and payroll taxes for September 2025.

Samvardhana Motherson International was quoting at Rs 109.60, down Rs 0.25, or 0.23 percent.

It has touched an intraday high of Rs 110.55 and an intraday low of Rs 109.00.

It was trading with volumes of 225,224 shares, compared to its five day average of 779,488 shares, a decrease of -71.11 percent.

In the previous trading session, the share closed down 1.96 percent or Rs 2.20 at Rs 109.85.

The share touched a 52-week high of Rs 116.33 and a 52-week low of Rs 71.53 on 06 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 5.79 percent below its 52-week high and 53.22 percent above its 52-week low.

Market capitalisation stands at Rs 115,676.69 crore.

Southern Railway, Chennai Division, under Indian Railways, has approved the commissioning of the Gati Shakti Cargo Terminal developed by Sical Multimodal and Rail Transport, a material subsidiary of Sical Logistics.

This development is expected to substantially enhance the company’s logistics capabilities and contribute significantly to its long-term revenue growth.

Vdeal System has been awarded new order for the supply of HV Panels and VFDs of Rs 10767500 from our existing clint Kalpataru Projects International.

RMC Switchgears has received a Letter of Intent (LOI) amounting to Rs 42,23,90,437.24 from Rajasthan Rajya Vidyut Prasaran Nigam Limited for executing the works relating to Construction of new 132 kV GSS, Kalyanpur (Pachpadra), Distt- Balotra along with associated lines and bays including supply of all Equipments/Materials, Erection (including civil works) Testing and Commissioning under BN- 9016002514 (On Supply & ETC Basis).

The Board has approved an investment of Rs 135 crore towards expansion of dense soda ash manufacturing capacity at its plant in Mithapur, and Rs 775 crore towards expansion of precipitated silica manufacturing capacity at its plant in Cuddalore, Tamil Nadu.

Tata Chemicals was quoting at Rs 810.90, up Rs 0.95, or 0.12 percent.

It has touched an intraday high of Rs 830.50 and an intraday low of Rs 808.25.

It was trading with volumes of 9,529 shares, compared to its five day average of 26,870 shares, a decrease of -64.54 percent.

In the previous trading session, the share closed down 1.09 percent or Rs 8.95 at Rs 809.95.

The share touched a 52-week high of Rs 1,145.70 and a 52-week low of Rs 756.45 on 04 December, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 29.22 percent below its 52-week high and 7.2 percent above its 52-week low.

Market capitalisation stands at Rs 20,658.19 crore.

ACME Solar Holdings Limited (ACME Solar) has emerged as the winning bidder for 130 MW under e-Reverse auction conducted by REMC Limited’s (REMCL) 1000 MW Round-the-Clock (RTC) Renewable Energy project tender.

The company’s winning bid was Rs 4.35 per unit . The Letter of Award (LOA) is expected to be awarded within the timelines prescribed in the tender document.

QIB – 0.09 times

NII - 4.12 times

Retail – 1.87 times

Overall – 1.84 times

Housing & Urban Development Corporation (HUDCO) has signed a Memorandum of Understanding (MoU) with IDFC Foundation. The collaboration aims at strengthening technical, financial, and leadership capacities across urban institutions, and providing training and technical support for the implementation of national urban programmes/schemes and HUDCO’s Urban Invest Window (UiWIN).

The US FDA has completed its 10-day inspection at the company's Unit IV in Jadcherla, Telangana, and issued a Form 483 with eight inspectional observations. None of them has been categorised as a repeat observation.

This facility is capable of manufacturing, packaging, testing, storage, and distribution of sterile injectables, oral tablets, and capsules, and supplies to the US, Europe, and other markets across the globe. The unit is approved by major regulators such as EMA (Europe), Health Canada, Anvisa (Brazil), and TGA (Australia).

Shilpa Medicare was quoting at Rs 352, up Rs 1.20, or 0.34 percent.

It has touched an intraday high of Rs 352 and an intraday low of Rs 345.40.

It was trading with volumes of 7,432 shares, compared to its five day average of 14,199 shares, a decrease of -47.66 percent.

In the previous trading session, the share closed down 1.59 percent or Rs 5.65 at Rs 350.80.

The share touched a 52-week high of Rs 501.60 and a 52-week low of Rs 265.25 on 16 June, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 29.82 percent below its 52-week high and 32.7 percent above its 52-week low.

Market capitalisation stands at Rs 6,884.48 crore.

The Sensex was up 48.45 points or 0.06 percent at 85,280.37, and the Nifty was up 17.90 points or 0.07 percent at 26,086.05. About 1352 shares advanced, 2004 shares declined, and 181 shares unchanged.