Stocks in focus on Jan 29: Gland Pharma, Garden Reach, M&M Financial Services, Union Bank of India,Cupid, Wipro, Rail Vikas Nigam, Birlasoft, Thyrocare Technologies

* Stocks in focus on Jan 29: Gland Pharma, Garden Reach, M&M Financial Services, Union Bank of India,Cupid, Wipro, Rail Vikas Nigam, Birlasoft, Thyrocare Technologies

shorts/business/stocks-to-watch-today-rail-vikas-nigam-wipro-cupid-thyrocare-garden-reach-gland-pharma-symphony-ask-automotive-ge-vernova-eclerx-l-t-in-focus-on-29-january

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, order wins, appointments and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:

<a href="https://www.moneycontrol.com/markets/earnings/" target="_blank">Results Today</a>

ITC, Tata Motors, Swiggy, REC, One 97 Communications Paytm, Canara Bank, Colgate Palmolive (India), Adani Power, Aequs, Blue Star, Container Corporation of India, Coromandel International, Dabur India, Dixon Technologies, Indian Energy Exchange, Indegene, Jaro Institute of Technology Management and Research, KPIT Technologies, Manappuram Finance, Nippon Life India Asset Management, NTPC Green Energy, Prestige Estates Projects, Vedanta, Voltas, and Websol Energy System will release their quarterly earnings today.

<a href="https://www.moneycontrol.com/markets/earnings/" target="_blank">Quarterly Earnings</a>

<a href="https://www.moneycontrol.com/india/stockpricequote/infrastructure-general/larsentoubro/LT" target="_blank">Larsen &amp; Toubro</a> Q3 (Consolidated YoY)

Profit falls 4% to Rs 3,215 crore Vs Rs 3,359 crore

Revenue grows 10% to Rs 71,450 crore Vs Rs 64,668 crore

EBITDA soars 19% to Rs 7,417 crore Vs Rs 6,255 crore

Margin expands to 10.4% Vs 9.7%

Labour code impact stands at Rs 1,344 crore Vs Nil

<a href="https://www.moneycontrol.com/india/stockpricequote/construction-residentialcommercial-complexes/lodhadevelopers/MD03" target="_blank">Lodha Developers</a> Q3 (Consolidated YoY)

Profit rises 1.3% to Rs 956.9 crore Vs Rs 944.4 crore

Revenue jumps 14.4% to Rs 4,672.5 crore Vs Rs 4,083 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-investment/nationalsecuritiesdepository/NSD01" target="_blank">National Securities Depository</a> Q3 (Consolidated YoY)

Profit rises 4.4% to Rs 89.6 crore Vs Rs 85.8 crore

Revenue falls 0.8% to Rs 359.6 crore Vs Rs 362.6 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/consumer-food/ltfoods/LTF" target="_blank">LT Foods</a> Q3 (Consolidated YoY)

Profit soars 9.8% to Rs 157.4 crore Vs Rs 143.3 crore

Revenue surges 23.5% to Rs 2,809.2 crore Vs Rs 2,274.8 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software-mediumsmall/eclerxservices/eS06" target="_blank">eClerx Services</a> Q3 (Consolidated YoY)

Profit soars 39.8% to Rs 191.8 crore Vs RS 137.2 crore

Revenue grows 25.4% to Rs 1,070.3 crore Vs Rs 853.8 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-term-lending/sbicardspaymentservices/SCP02" target="_blank">SBI Cards and Payment Services</a> Q3 (YoY)

Profit spikes 45.2% to Rs 556.6 crore Vs Rs 383.2 crore

Revenue rises 11% to Rs 5,127.3 crore Vs Rs 4,618.7 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/ship-building/cochinshipyard/CS" target="_blank">Cochin Shipyard</a> Q3 (Consolidated YoY)

Profit falls 18.3% to Rs 144.7 crore Vs Rs 177 crore

Revenue surges 17.7% to Rs 1,350.4 crore Vs Rs 1,147.6 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/fasteners/sundramfasteners/SF23" target="_blank">Sundram Fasteners</a> Q3 (Consolidated YoY)

Profit increases 0.16% to Rs 130.6 crore Vs Rs 130.4 crore

Revenue jumps 6.9% to Rs 1,541.1 crore Vs Rs 1,441.1 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-civil/gptinfraprojects/GPT01" target="_blank">GPT Infraprojects</a> Q3 (Consolidated YoY)

Profit declines 5.9% to Rs 20.15 crore Vs Rs 21.4 crore

Revenue rises 2.1% to Rs 283.9 crore Vs Rs 278.1 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/diversified/starhealthalliedinsurancecompany/SHA" target="_blank">Star Health and Allied Insurance Company</a> Q3 (YoY)

Profit drops 40.4% to Rs 128.2 crore Vs Rs 215.1 crore

Net premium earned grows 11.9% to Rs 4,250.4 crore Vs Rs 3,799.7 crore

Net commission jumps 35.5% to Rs 682 crore Vs Rs 503.2 crore

Operating profit tanks 54.6% to Rs 69.2 crore Vs Rs 152.5 crore

Underwriting loss widens to Rs 125 crore Vs loss of Rs 48.9 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/power-transmissionequipment/gevernovatdindia/ATD" target="_blank">GE Vernova T&amp;D India</a> Q3 (YoY)

Profit zooms 103.8% to Rs 290.8 crore Vs Rs 142.7 crore

Revenue soars 58.4% to Rs 1,700.6 crore Vs Rs 1,073.7 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/tyres/balkrishnaindustries/BI03" target="_blank">Balkrishna Industries</a> Q3 (Consolidated YoY)

Profit declines 15% to Rs 382.15 crore Vs Rs 449.5 crore

Revenue grows 6.9% to Rs 2,736.8 crore Vs Rs 2,560.3 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries-brakes/askautomotive/AAL02" target="_blank">Ask Automotive</a> Q3 (Consolidated YoY)

Profit jumps 21.3% to Rs 79.9 crore Vs Rs 65.9 crore

Revenue soars 18.5% to Rs 1,084.2 crore Vs Rs 915.1 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/sagility/SIL27" target="_blank">Sagility India</a> Q3 (Consolidated YoY)

Profit surges 23.4% to Rs 267.6 crore Vs Rs 216.9 crore

Revenue spikes 35.7% to Rs 1,971.1 crore Vs Rs 1,453 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-real-estate/phoenixmills/PM02" target="_blank">Phoenix Mills</a> Q3 (Consolidated YoY)

Profit rises 4.2% to Rs 275.8 crore Vs Rs 264.8 crore

Revenue jumps 15% to Rs 1,121.2 crore Vs Rs 975.1 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/consumer-goods-white-goods/symphony/SCS04" target="_blank">Symphony</a> Q3 (Consolidated YoY)

Profit stands at Rs 20 crore Vs loss of Rs 10 crore

Revenue falls 7.3% to Rs 179 crore Vs Rs 193 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticalsdrugs/glandpharma/GP14" target="_blank">Gland Pharma</a> Q3 (Consolidated YoY)

Profit zooms 27.7% to Rs 261.5 crore Vs Rs 204.7 crore

Revenue grows 22.5% to Rs 1,695.4 crore Vs Rs 1,384 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/engineering-heavy/gardenreachshipbuildersengineers/GRS01" target="_blank">Garden Reach Shipbuilders &amp; Engineers</a> Q3 (Consolidated YoY)

Profit spikes 73.9% to Rs 170.8 crore Vs Rs 98.2 crore

Revenue jumps 49.1% to Rs 1,895.7 crore Vs Rs 1,271 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/hospitalhealthcare-services/rainbowchildrensmedicare/RCM03" target="_blank">Rainbow Children's Medicare</a> Q3 (Consolidated YoY)

Profit rises 5.6% to Rs 72.5 crore Vs Rs 68.7 crore

Revenue grows 11.9% to Rs 445.4 crore Vs Rs 398 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-nbfc/mahindramahindrafinancialservices/MMF04" target="_blank">Mahindra &amp; Mahindra Financial Services</a> Q3 (Standalone YoY)

Profit declines 9.9% to Rs 810.4 crore Vs Rs 899.5 crore

Net interest income jumps 20.6% to Rs 2,304.5 crore Vs Rs 1,911.3 crore

Exceptional loss stands at Rs 117.3 crore Vs Nil

<a href="https://www.moneycontrol.com/india/stockpricequote/hospitalsmedical-services/thyrocaretechnologies/TT16" target="_blank">Thyrocare Technologies</a> Q3 (Consolidated YoY)

Profit spikes 51.8% to Rs 29.01 crore Vs Rs 19.1 crore

Revenue grows 17.8% to Rs 195.5 crore Vs Rs 165.9 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software-mediumsmall/birlasoft/KPI02" target="_blank">Birlasoft</a> Q3 (Consolidated YoY)

Profit increases 2.5% to Rs 119.9 crore Vs Rs 116.9 crore

Revenue declines 1.1% to Rs 1,347.5 crore Vs Rs 1,362.7 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/steel-tubespipes/maharashtraseamless/MS02" target="_blank">Maharashtra Seamless</a> Q3 (Consolidated YoY)

Profit zooms 30.5% to Rs 242.9 crore Vs Rs 186.1 crore

Revenue tanks 22.6% to Rs 1,090.3 crore Vs Rs 1,408.1 crore

Other income spikes to Rs 199.95 crore Vs Rs 1.72 crore

Stocks to Watch

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/railvikasnigam/RVN" target="_blank">Rail Vikas Nigam</a>

The Rail Vikas Nigam–GPT joint venture emerged as the lowest bidder from Northern Railway for a project worth Rs 1,201.35 crore. The project involves the design and construction of 11 new rail-cum-road bridges over the River Ganga, located 50 metres downstream of the existing old Malviya Bridge near Kashi Railway Station. The bridges will accommodate four railway tracks on the lower deck and a six-lane road on the upper deck, including railway and road approaches, along with associated OHE and general electrical works, in the Lucknow Division of Northern Railway at Varanasi, Uttar Pradesh.

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/wipro/W" target="_blank">Wipro</a>

The AI-powered technology services and consulting company has partnered with Factory, a leading agent-native software development platform and a portfolio company of Wipro Ventures, to help enterprises operationalize agent-native development across their engineering organizations. Wipro Ventures, the corporate investment arm of Wipro, also announced its participation in Factory’s recent funding round.

<a href="https://www.moneycontrol.com/india/stockpricequote/miningminerals/vedanta/SG" target="_blank">Vedanta</a>, <a href="https://www.moneycontrol.com/india/stockpricequote/metals-non-ferrous/hindustanzinc/HZ" target="_blank">Hindustan Zinc</a>

Vedanta has decided to exercise the oversubscription option in the offer-for-sale to the extent of 1.4 crore shares of Hindustan Zinc, in addition to the base offer size of 3.35 crore shares, on January 29. With this, the total offer size will increase to 4.75 crore shares, representing 1.13 percent of the paid-up equity.

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/cupid/CR02" target="_blank">Cupid</a>

The healthcare and consumer products company has received CE (EU IVDR) certification for two in-vitro diagnostic (IVD) products—the CupiKIT HIV 1&amp;2 antibody test kit and the CupiKIT Hepatitis B surface antigen (HBsAg) test kit.

These approvals enable Cupid to market the certified products across the European Economic Area (EEA) and other CE-recognized international markets.

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/unionbankindia/UBI01" target="_blank">Union Bank of India</a>

Dhirendra Jain has been appointed as the Chief Financial Officer (CFO) of the bank, effective February 1, following the resignation of Avinash Vasant Prabhu, who will step down as CFO effective January 31, 2026.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-investments/maxfinancialservices/MI" target="_blank">Max Financial Services</a>

The Board of Directors of Max Financial Services has granted in-principle approval for a potential amalgamation between the company and Axis Max Life Insurance (AMLI), a subsidiary of the company.

Shareholders of the company will be issued shares in AMLI based on a share entitlement ratio (to be determined), subject to approvals from Axis Bank, Axis Securities, and Axis Capital, which collectively hold a 19.02 percent stake in AMLI.

<a href="https://www.moneycontrol.com/india/stockpricequote/paintsvarnishes/akzonobelindia/ICI" target="_blank">Akzo Nobel India</a>

The Board has approved a proposal to change the company’s name from Akzo Nobel India to JSW Dulux, subject to receipt of name availability approval from the Ministry of Corporate Affairs.

Bulk Deals

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software-mediumsmall/eclerxservices/eS06" target="_blank">eClerx Services</a>, <a href="https://www.moneycontrol.com/india/stockpricequote/auto-lcvshcvs/forcemotors/FM01" target="_blank">Force Motors</a>, <a href="https://www.moneycontrol.com/india/stockpricequote/sugar/triveniengineeringindustries/TE10" target="_blank">Triveni Engineering</a>, <a href="https://www.moneycontrol.com/india/stockpricequote/chemicals/excelindustries/EI10" target="_blank">Excel Industries</a>, <a href="https://www.moneycontrol.com/india/stockpricequote/paper/tamilnadunewsprintpapers/TNN" target="_blank">Tamil Nadu Newsprint</a>

US-based Sona India Investments acquired 2.09 lakh shares (0.44 percent of paid-up equity) in IT firm eClerx Services at Rs 4,409.7 per share from Point Break Capital, valued at Rs 92.5 crore.

Sona India Investments and Point Break Capital also exchanged 85,146 shares (0.64 percent stake) of Force Motors at Rs 18,785 per share, amounting to Rs 159.94 crore.

Additionally, Sona India Investments purchased 19.53 lakh shares (0.89 percent stake) in Triveni Engineering &amp; Industries at Rs 347.9 per share for Rs 67.95 crore from Point Break Capital.

An exchange of 72,000 shares (0.57 percent stake) of Excel Industries also took place between Sona India Investments and Point Break Capital for Rs 6.5 crore.

Point Break Capital exited Tamil Nadu Newsprint and Papers by selling its entire holding of 12 lakh shares (1.73 percent stake) at Rs 133 per share for Rs 15.96 crore. Of this, Sona India Investments acquired 11.6 lakh shares (1.67 percent stake) at Rs 133.61 per share for Rs 15.51 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/trading/landmarkcars/LC07" target="_blank">Landmark Cars</a>

Government Pension Fund Global, managed by Norges Bank, acquired 5.26 lakh shares (1.26 percent stake) in Landmark Cars at Rs 402.06 per share, valued at Rs 21.15 crore.

Meanwhile, Bajaj Finserv Mutual Fund sold 4.35 lakh shares at Rs 401.5 per share for Rs 17.49 crore, while Dhunseri Ventures offloaded 2.7 lakh shares at Rs 401.53 per share for Rs 10.87 crore, together accounting for 1.7 percent of the equity.

<a href="https://www.moneycontrol.com/india/stockpricequote/steel-mediumsmall/bharatwireropes/BWR01" target="_blank">Bharat Wire Ropes</a>

Resonance Opportunities Fund acquired 6.18 lakh shares (0.9 percent stake) in Bharat Wire Ropes at Rs 174.81 per share, amounting to Rs 10.81 crore.

SME Listing

KRM Ayurveda

Stocks Trade Ex-Dividend

Jindal Stainless
Automobile Corporation of Goa
IIFL Finance
India Motor Parts &amp; Accessories
Orient Electric
Shanthi Gears
Zensar Technologies

Ownership, Material Conflicts of Interest and Disciplinary History

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

Details of Associate

Receipt of Compensation

Third-Party Compensation

Employment History

Market-Making Activities

Use of Artificial Intelligence

Stocks to Watch Today: Rail Vikas Nigam, Wipro, Cupid, Thyrocare, Garden Reach, Gland Pharma, Symphony, Ask Automotive, GE Vernova, eClerx, L&T in focus on 29 January

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

Results Today

ITC, Tata Motors, Swiggy, REC, One 97 Communications Paytm, Canara Bank, Colgate Palmolive (India), Adani Power, Aequs, Blue Star, Container Corporation of India, Coromandel International, Dabur India, Dixon Technologies, Indian Energy Exchange, Indegene, Jaro Institute of Technology Management and Research, KPIT Technologies, Manappuram Finance, Nippon Life India Asset Management, NTPC Green Energy, Prestige Estates Projects, Vedanta, Voltas, and Websol Energy System will release their quarterly earnings today.

Quarterly Earnings

Larsen &amp;amp; Toubro Q3 (Consolidated YoY)

Profit falls 4% to Rs 3,215 crore Vs Rs 3,359 crore

Revenue grows 10% to Rs 71,450 crore Vs Rs 64,668 crore

EBITDA soars 19% to Rs 7,417 crore Vs Rs 6,255 crore

Margin expands to 10.4% Vs 9.7%

Labour code impact stands at Rs 1,344 crore Vs Nil

Lodha Developers Q3 (Consolidated YoY)

Profit rises 1.3% to Rs 956.9 crore Vs Rs 944.4 crore

Revenue jumps 14.4% to Rs 4,672.5 crore Vs Rs 4,083 crore

National Securities Depository Q3 (Consolidated YoY)

Profit rises 4.4% to Rs 89.6 crore Vs Rs 85.8 crore

Revenue falls 0.8% to Rs 359.6 crore Vs Rs 362.6 crore

LT Foods Q3 (Consolidated YoY)

Profit soars 9.8% to Rs 157.4 crore Vs Rs 143.3 crore

Revenue surges 23.5% to Rs 2,809.2 crore Vs Rs 2,274.8 crore

eClerx Services Q3 (Consolidated YoY)

Profit soars 39.8% to Rs 191.8 crore Vs RS 137.2 crore

Revenue grows 25.4% to Rs 1,070.3 crore Vs Rs 853.8 crore

SBI Cards and Payment Services Q3 (YoY)

Profit spikes 45.2% to Rs 556.6 crore Vs Rs 383.2 crore

Revenue rises 11% to Rs 5,127.3 crore Vs Rs 4,618.7 crore

Cochin Shipyard Q3 (Consolidated YoY)

Profit falls 18.3% to Rs 144.7 crore Vs Rs 177 crore

Revenue surges 17.7% to Rs 1,350.4 crore Vs Rs 1,147.6 crore

Sundram Fasteners Q3 (Consolidated YoY)

Profit increases 0.16% to Rs 130.6 crore Vs Rs 130.4 crore

Revenue jumps 6.9% to Rs 1,541.1 crore Vs Rs 1,441.1 crore

GPT Infraprojects Q3 (Consolidated YoY)

Profit declines 5.9% to Rs 20.15 crore Vs Rs 21.4 crore

Revenue rises 2.1% to Rs 283.9 crore Vs Rs 278.1 crore

Star Health and Allied Insurance Company Q3 (YoY)

Profit drops 40.4% to Rs 128.2 crore Vs Rs 215.1 crore

Net premium earned grows 11.9% to Rs 4,250.4 crore Vs Rs 3,799.7 crore

Net commission jumps 35.5% to Rs 682 crore Vs Rs 503.2 crore

Operating profit tanks 54.6% to Rs 69.2 crore Vs Rs 152.5 crore

Underwriting loss widens to Rs 125 crore Vs loss of Rs 48.9 crore

GE Vernova T&amp;amp;D India Q3 (YoY)

Profit zooms 103.8% to Rs 290.8 crore Vs Rs 142.7 crore

Revenue soars 58.4% to Rs 1,700.6 crore Vs Rs 1,073.7 crore

Balkrishna Industries Q3 (Consolidated YoY)

Profit declines 15% to Rs 382.15 crore Vs Rs 449.5 crore

Revenue grows 6.9% to Rs 2,736.8 crore Vs Rs 2,560.3 crore

Ask Automotive Q3 (Consolidated YoY)

Profit jumps 21.3% to Rs 79.9 crore Vs Rs 65.9 crore

Revenue soars 18.5% to Rs 1,084.2 crore Vs Rs 915.1 crore

Sagility India Q3 (Consolidated YoY)

Profit surges 23.4% to Rs 267.6 crore Vs Rs 216.9 crore

Revenue spikes 35.7% to Rs 1,971.1 crore Vs Rs 1,453 crore

Phoenix Mills Q3 (Consolidated YoY)

Profit rises 4.2% to Rs 275.8 crore Vs Rs 264.8 crore

Revenue jumps 15% to Rs 1,121.2 crore Vs Rs 975.1 crore

Symphony Q3 (Consolidated YoY)

Profit stands at Rs 20 crore Vs loss of Rs 10 crore

Revenue falls 7.3% to Rs 179 crore Vs Rs 193 crore

Gland Pharma Q3 (Consolidated YoY)

Profit zooms 27.7% to Rs 261.5 crore Vs Rs 204.7 crore

Revenue grows 22.5% to Rs 1,695.4 crore Vs Rs 1,384 crore

Garden Reach Shipbuilders &amp;amp; Engineers Q3 (Consolidated YoY)

Profit spikes 73.9% to Rs 170.8 crore Vs Rs 98.2 crore

Revenue jumps 49.1% to Rs 1,895.7 crore Vs Rs 1,271 crore

Rainbow Children's Medicare Q3 (Consolidated YoY)

Profit rises 5.6% to Rs 72.5 crore Vs Rs 68.7 crore

Revenue grows 11.9% to Rs 445.4 crore Vs Rs 398 crore

Mahindra &amp;amp; Mahindra Financial Services Q3 (Standalone YoY)

Profit declines 9.9% to Rs 810.4 crore Vs Rs 899.5 crore

Net interest income jumps 20.6% to Rs 2,304.5 crore Vs Rs 1,911.3 crore

Exceptional loss stands at Rs 117.3 crore Vs Nil

Thyrocare Technologies Q3 (Consolidated YoY)

Profit spikes 51.8% to Rs 29.01 crore Vs Rs 19.1 crore

Revenue grows 17.8% to Rs 195.5 crore Vs Rs 165.9 crore

Birlasoft Q3 (Consolidated YoY)

Profit increases 2.5% to Rs 119.9 crore Vs Rs 116.9 crore

Revenue declines 1.1% to Rs 1,347.5 crore Vs Rs 1,362.7 crore

Maharashtra Seamless Q3 (Consolidated YoY)

Profit zooms 30.5% to Rs 242.9 crore Vs Rs 186.1 crore

Revenue tanks 22.6% to Rs 1,090.3 crore Vs Rs 1,408.1 crore

Other income spikes to Rs 199.95 crore Vs Rs 1.72 crore

Stocks to Watch

Rail Vikas Nigam

The Rail Vikas Nigam–GPT joint venture emerged as the lowest bidder from Northern Railway for a project worth Rs 1,201.35 crore. The project involves the design and construction of 11 new rail-cum-road bridges over the River Ganga, located 50 metres downstream of the existing old Malviya Bridge near Kashi Railway Station. The bridges will accommodate four railway tracks on the lower deck and a six-lane road on the upper deck, including railway and road approaches, along with associated OHE and general electrical works, in the Lucknow Division of Northern Railway at Varanasi, Uttar Pradesh.

Wipro

The AI-powered technology services and consulting company has partnered with Factory, a leading agent-native software development platform and a portfolio company of Wipro Ventures, to help enterprises operationalize agent-native development across their engineering organizations. Wipro Ventures, the corporate investment arm of Wipro, also announced its participation in Factory’s recent funding round.

Vedanta, Hindustan Zinc

Vedanta has decided to exercise the oversubscription option in the offer-for-sale to the extent of 1.4 crore shares of Hindustan Zinc, in addition to the base offer size of 3.35 crore shares, on January 29. With this, the total offer size will increase to 4.75 crore shares, representing 1.13 percent of the paid-up equity.

Cupid

The healthcare and consumer products company has received CE (EU IVDR) certification for two in-vitro diagnostic (IVD) products—the CupiKIT HIV 1&amp;amp;2 antibody test kit and the CupiKIT Hepatitis B surface antigen (HBsAg) test kit.

These approvals enable Cupid to market the certified products across the European Economic Area (EEA) and other CE-recognized international markets.

Union Bank of India

Dhirendra Jain has been appointed as the Chief Financial Officer (CFO) of the bank, effective February 1, following the resignation of Avinash Vasant Prabhu, who will step down as CFO effective January 31, 2026.

Max Financial Services

The Board of Directors of Max Financial Services has granted in-principle approval for a potential amalgamation between the company and Axis Max Life Insurance (AMLI), a subsidiary of the company.

Shareholders of the company will be issued shares in AMLI based on a share entitlement ratio (to be determined), subject to approvals from Axis Bank, Axis Securities, and Axis Capital, which collectively hold a 19.02 percent stake in AMLI.

Akzo Nobel India

The Board has approved a proposal to change the company’s name from Akzo Nobel India to JSW Dulux, subject to receipt of name availability approval from the Ministry of Corporate Affairs.

Bulk Deals

eClerx Services, Force Motors, Triveni Engineering, Excel Industries, Tamil Nadu Newsprint

US-based Sona India Investments acquired 2.09 lakh shares (0.44 percent of paid-up equity) in IT firm eClerx Services at Rs 4,409.7 per share from Point Break Capital, valued at Rs 92.5 crore.

Sona India Investments and Point Break Capital also exchanged 85,146 shares (0.64 percent stake) of Force Motors at Rs 18,785 per share, amounting to Rs 159.94 crore.

Additionally, Sona India Investments purchased 19.53 lakh shares (0.89 percent stake) in Triveni Engineering &amp;amp; Industries at Rs 347.9 per share for Rs 67.95 crore from Point Break Capital.

An exchange of 72,000 shares (0.57 percent stake) of Excel Industries also took place between Sona India Investments and Point Break Capital for Rs 6.5 crore.

Point Break Capital exited Tamil Nadu Newsprint and Papers by selling its entire holding of 12 lakh shares (1.73 percent stake) at Rs 133 per share for Rs 15.96 crore. Of this, Sona India Investments acquired 11.6 lakh shares (1.67 percent stake) at Rs 133.61 per share for Rs 15.51 crore.

Landmark Cars

Government Pension Fund Global, managed by Norges Bank, acquired 5.26 lakh shares (1.26 percent stake) in Landmark Cars at Rs 402.06 per share, valued at Rs 21.15 crore.

Meanwhile, Bajaj Finserv Mutual Fund sold 4.35 lakh shares at Rs 401.5 per share for Rs 17.49 crore, while Dhunseri Ventures offloaded 2.7 lakh shares at Rs 401.53 per share for Rs 10.87 crore, together accounting for 1.7 percent of the equity.

Bharat Wire Ropes

Resonance Opportunities Fund acquired 6.18 lakh shares (0.9 percent stake) in Bharat Wire Ropes at Rs 174.81 per share, amounting to Rs 10.81 crore.

SME Listing

KRM Ayurveda

Stocks Trade Ex-Dividend

Jindal Stainless
Automobile Corporation of Goa
IIFL Finance
India Motor Parts &amp;amp; Accessories
Orient Electric
Shanthi Gears
Zensar Technologies

Stocks to Watch Today: Rail Vikas Nigam, Wipro, Cupid, Thyrocare, Garden Reach, Gland Pharma, Symphony, Ask Automotive, GE Vernova, eClerx, L&amp;T in focus on 29 January

Sona India Investments acquires stake in eClerx, Force Motors, Triveni Engg, Excel Industries from Point Break Capital, Government Pension Fund Global buys 1.26% stake in Landmark Cars, Resonance Opportunities Fund picks up 0.9% shares in Bharat Wire Ropes

* Sona India Investments acquires stake in eClerx, Force Motors, Triveni Engg, Excel Industries from Point Break Capital
* Government Pension Fund Global buys 1.26% stake in Landmark Cars
* Resonance Opportunities Fund picks up 0.9% shares in Bharat Wire Ropes

shorts/business/sona-india-investments-acquires-stake-in-eclerx-services-force-motors-triveni-engineering-excel-industries-from-point-break-capital

* Sona India Investments acquires stake in eClerx, Force Motors, Triveni Engg, Excel Industries from Point Break Capital
* Government Pension Fund Global buys 1.26% stake in Landmark Cars
* Resonance Opportunities Fund picks up 0.9% shares in Bharat Wire Ropes

Sona India Investments has acquired 0.4-1.7 percent stake in eClerx Services, Force Motors, Triveni Engineering, and Excel Industries, and Tamil Nadu Newsprint from US-based hedge fund Point Break Capital via open market transactions on January 28.

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software-mediumsmall/eclerxservices/eS06">eClerx Services</a> shares gained 0.3 percent to Rs 4,422.7, and <a href="https://www.moneycontrol.com/india/stockpricequote/auto-lcvshcvs/forcemotors/FM01">Force Motors</a> rose 0.59 percent to Rs 18,895, while <a href="https://www.moneycontrol.com/india/stockpricequote/sugar/triveniengineeringindustries/TE10">Triveni Engineering</a> shares rallied 3.06 percent to Rs 358.55, and <a href="https://www.moneycontrol.com/india/stockpricequote/chemicals/excelindustries/EI10">Excel Industries</a> advanced 0.06 percent to Rs 904.8. <a href="https://www.moneycontrol.com/india/stockpricequote/paper/tamilnadunewsprintpapers/TNN">Tamil Nadu Newsprint and Papers</a> was the biggest gainer among these stocks, soaring 7.22 percent to Rs 140.23 amid high volumes on the NSE.

US-based Sona India Investments has bought 2.09 lakh shares (0.44 percent of paid-up equity) in IT firm eClerx Services at Rs 4,409.7 per share from Point Break Capital, valued at Rs 92.5 crore, while Sona India Investments and Point Break Capital exchanged 85,146 shares (0.64 percent stake) of automobile company Force Motors at Rs 18,785 per share, amounting to Rs 159.94 crore.

Further, Sona India Investments also picked up 19.53 lakh shares (0.89 percent stake) in diversified conglomerate Triveni Engineering &amp; Industries at Rs 347.9 per share for Rs 67.95 crore from Point Break Capital, while there was an exchange of Excel Industries' 72,000 shares (0.57 percent) between Sona India Investments, and Point Break Capital for Rs 6.5 crore.

Point Break Capital exited Tamil Nadu Newsprint and Papers by selling entire shareholding of 12 lakh shares (1.73 percent stake) at Rs 133 per share for Rs 15.96 crore, however, of which, Sona India Investments bought 11.6 lakh shares (1.67 percent stake) at Rs 133.61 per share for Rs 15.51 crore.

Meanwhile, also there was action in <a href="https://www.moneycontrol.com/india/stockpricequote/trading/landmarkcars/LC07">Landmark Cars</a>, the premier automobile retailer, which climbed 4 percent to Rs 398.65 amid high volumes. Government Pension Fund Global managed by Norges Bank has bought 5.26 lakh shares (1.26 percent stake) in Landmark Cars at Rs 402.06 per share for Rs 21.15 crore.

However, Bajaj Finserv Mutual Fund sold 4.35 lakh shares in Landmark Cars at Rs 401.5 per share for Rs 17.49 crore and Dhunseri Ventures offloaded 2.7 lakh shares at Rs 401.53 per share for Rs 10.87 crore, totalling to 1.7 percent.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-others/gretexcorporateservices/GCS03">Gretex Corporate Services</a> shares remained rangebound for more than a week now, rising 0.97 percent to Rs 302 despite Talent Investment Company sold 1.65 lakh shares at Rs 302.73 per share for Rs 5.01 crore.

Perhaps, <a href="https://www.moneycontrol.com/india/stockpricequote/steel-mediumsmall/bharatwireropes/BWR01">Bharat Wire Ropes</a> shares may have reacted to the stake acquisition by Resonance Opportunities Fund, rising 4.27 percent to Rs 174.4 on the NSE. Resonance Opportunities Fund has acquired 6.18 lakh shares (0.9 percent stake) at Rs 174.81 per share for Rs 10.81 crore.

Trust Financial Consultancy Services has bought 15.31 units in India Grid Trust at Rs 163.55 per unit for Rs 25.04 crore from Neo Treasury Plus Fund.

<img class="alignnone size-full wp-image-13795669 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/01/20260128184909_Image1528012026.jpg" alt="Image1528012026" width="700" height="2265" />

Sona India Investments acquires stake in eClerx Services, Force Motors, Triveni Engineering, Excel Industries from Point Break Capital

Sona India Investments has acquired 0.4-1.7 percent stake in eClerx Services, Force Motors, Triveni Engineering, and Excel Industries, and Tamil Nadu Newsprint from US-based hedge fund Point Break Capital via open market transactions on January 28.

eClerx Services shares gained 0.3 percent to Rs 4,422.7, and Force Motors rose 0.59 percent to Rs 18,895, while Triveni Engineering shares rallied 3.06 percent to Rs 358.55, and Excel Industries advanced 0.06 percent to Rs 904.8. Tamil Nadu Newsprint and Papers was the biggest gainer among these stocks, soaring 7.22 percent to Rs 140.23 amid high volumes on the NSE.

US-based Sona India Investments has bought 2.09 lakh shares (0.44 percent of paid-up equity) in IT firm eClerx Services at Rs 4,409.7 per share from Point Break Capital, valued at Rs 92.5 crore, while Sona India Investments and Point Break Capital exchanged 85,146 shares (0.64 percent stake) of automobile company Force Motors at Rs 18,785 per share, amounting to Rs 159.94 crore.

Further, Sona India Investments also picked up 19.53 lakh shares (0.89 percent stake) in diversified conglomerate Triveni Engineering &amp;amp; Industries at Rs 347.9 per share for Rs 67.95 crore from Point Break Capital, while there was an exchange of Excel Industries' 72,000 shares (0.57 percent) between Sona India Investments, and Point Break Capital for Rs 6.5 crore.

Point Break Capital exited Tamil Nadu Newsprint and Papers by selling entire shareholding of 12 lakh shares (1.73 percent stake) at Rs 133 per share for Rs 15.96 crore, however, of which, Sona India Investments bought 11.6 lakh shares (1.67 percent stake) at Rs 133.61 per share for Rs 15.51 crore.

Meanwhile, also there was action in Landmark Cars, the premier automobile retailer, which climbed 4 percent to Rs 398.65 amid high volumes. Government Pension Fund Global managed by Norges Bank has bought 5.26 lakh shares (1.26 percent stake) in Landmark Cars at Rs 402.06 per share for Rs 21.15 crore.

However, Bajaj Finserv Mutual Fund sold 4.35 lakh shares in Landmark Cars at Rs 401.5 per share for Rs 17.49 crore and Dhunseri Ventures offloaded 2.7 lakh shares at Rs 401.53 per share for Rs 10.87 crore, totalling to 1.7 percent.

Gretex Corporate Services shares remained rangebound for more than a week now, rising 0.97 percent to Rs 302 despite Talent Investment Company sold 1.65 lakh shares at Rs 302.73 per share for Rs 5.01 crore.

Perhaps, Bharat Wire Ropes shares may have reacted to the stake acquisition by Resonance Opportunities Fund, rising 4.27 percent to Rs 174.4 on the NSE. Resonance Opportunities Fund has acquired 6.18 lakh shares (0.9 percent stake) at Rs 174.81 per share for Rs 10.81 crore.

Trust Financial Consultancy Services has bought 15.31 units in India Grid Trust at Rs 163.55 per unit for Rs 25.04 crore from Neo Treasury Plus Fund.

Defence shares surged; BEL and BEML rose up to 12% on strong buying., India-EU defence pact and BEL's profit boost drove sector momentum., Nifty India Defence index jumped 5 percent ahead of the Union Budget.

* Defence shares surged; BEL and BEML rose up to 12% on strong buying.
* India-EU defence pact and BEL's profit boost drove sector momentum.
* Nifty India Defence index jumped 5 percent ahead of the Union Budget.

Defence stocks surged, with BEL and BEML rising up to 12% as the Nifty India Defence index gained 5%. Key drivers include the India-EU defence pact, BEL’s strong earnings, and pre-Budget expectations of increased government spending on defence.

shorts/business/bel-beml-other-defence-shares-rise-up-to-12-nifty-defence-index-soars-5-here-are-three-likely-reasons

* Defence shares surged; BEL and BEML rose up to 12% on strong buying.
* India-EU defence pact and BEL's profit boost drove sector momentum.
* Nifty India Defence index jumped 5 percent ahead of the Union Budget.

Defence shares advanced on Wednesday, with Bharat Electronics Ltd (BEL), BEML rising up to 12 percent, driven by broad-based buying across the sector. The strong momentum pushed the Nifty India Defence index up by around 5 percent during the session.
<h3>Key factors behind the sharp rise in defence shares</h3>
1) India-EU defence pact: India and the European Union on Tuesday concluded a defence and security agreement aimed at enhancing cooperation in areas such as counter-terrorism, the Indo-Pacific and joint development of military hardware. The pact was finalised at the India-EU summit between Prime Minister Narendra Modi and European Commission President Ursula von der Leyen, and European Council President Antonio Costa.

Officials said the agreement would improve interoperability in the defence sector and create opportunities for Indian companies to participate in the EU’s Security Action for Europe (SAFE) programme, supporting long-term growth prospects for domestic defence manufacturers.

2) Rub-off from BEL rally: Shares of <a href="https://www.moneycontrol.com/india/stockpricequote/aerospacedefence/bharatelectronics/BE03">BEL</a> jumped 10 percent to a record high of Rs 457.50 after the firm reported a 20.4 percent year-on-year rise in consolidated net profit for the December quarter, while revenue from operations increased nearly 24 percent.

BEL, which is also a constituent of the Nifty 50 index, saw heavy buying interest, triggering a spillover effect across other defence stocks.

3) Pre-Budget rally: The rally also comes ahead of the Union Budget scheduled for February 1. The Nifty India Defence index gained about 5 percent amid expectations that the government may announce a meaningful increase in capital expenditure for the defence sector, according to brokerage firms.

The index extended gains for a second straight day and has risen more than 8 percent over the past two sessions.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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

BEL, BEML, other defence shares rise up to 12%, Nifty defence index soars 5%: Here are three likely reasons

Defence shares advanced on Wednesday, with Bharat Electronics Ltd (BEL), BEML rising up to 12 percent, driven by broad-based buying across the sector. The strong momentum pushed the Nifty India Defence index up by around 5 percent during the session.
Key factors behind the sharp rise in defence shares
1) India-EU defence pact: India and the European Union on Tuesday concluded a defence and security agreement aimed at enhancing cooperation in areas such as counter-terrorism, the Indo-Pacific and joint development of military hardware. The pact was finalised at the India-EU summit between Prime Minister Narendra Modi and European Commission President Ursula von der Leyen, and European Council President Antonio Costa.

Officials said the agreement would improve interoperability in the defence sector and create opportunities for Indian companies to participate in the EU’s Security Action for Europe (SAFE) programme, supporting long-term growth prospects for domestic defence manufacturers.

2) Rub-off from BEL rally: Shares of BEL jumped 10 percent to a record high of Rs 457.50 after the firm reported a 20.4 percent year-on-year rise in consolidated net profit for the December quarter, while revenue from operations increased nearly 24 percent.

BEL, which is also a constituent of the Nifty 50 index, saw heavy buying interest, triggering a spillover effect across other defence stocks.

3) Pre-Budget rally: The rally also comes ahead of the Union Budget scheduled for February 1. The Nifty India Defence index gained about 5 percent amid expectations that the government may announce a meaningful increase in capital expenditure for the defence sector, according to brokerage firms.

The index extended gains for a second straight day and has risen more than 8 percent over the past two sessions.

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

MIC Electronics shares hit upper circuit after Rs 114 crore order win., Order involves infrastructure works at Nava Raipur, execution in 10 months., Stock surged 10 percent, backed by trading volume over 2.23 times the average.

* MIC Electronics shares hit upper circuit after Rs 114 crore order win.
* Order involves infrastructure works at Nava Raipur, execution in 10 months.
* Stock surged 10 percent, backed by trading volume over 2.23 times the average.

MIC Electronics shares surged 10% after securing a Rs 114 crore order for infrastructure works in Nava Raipur. The stock hit the upper circuit, backed by high trading volume, and has risen nearly 15% in two days despite a 45% decline over the past year.

shorts/business/mic-electronics-shares-hit-10-upper-circuit-on-bagging-rs-114-crore-order

* MIC Electronics shares hit upper circuit after Rs 114 crore order win.
* Order involves infrastructure works at Nava Raipur, execution in 10 months.
* Stock surged 10 percent, backed by trading volume over 2.23 times the average.

&nbsp;

Shares of MIC Electronics on Wednesday hit the upper circuit limit after the company announced that it has bagged a fresh order worth over Rs 114 crore.

The stock advanced 10 percent to hit the upper circuit at Rs 38.97 per share on the NSE. Shares of the company opened higher, gaining 2.57 percent, and extended the momentum through the session. The stock has risen nearly 15 percent over the last two trading days.

In an exchange filing, the company said it has received a Letter of Acceptance from Nava Raipur Atal Nagar Vikas Pradhikaran, Raipur.

The order involves designing, engineering, supply, construction, testing, commissioning, annual maintenance contract, and operation and maintenance of infrastructure works at the Common Facility Centre in Sector 22 of Nava Raipur Atal Nagar, Raipur.

The total value of the order stands at Rs 114.10 crore, with an execution period of 10 months, the company said in the filing dated January 28. It added that the contract was secured through the tender route and is a direct order.

The upward move was backed by strong trading volume, with volumes surging to over 2.23 times the stock’s two-week average turnover of 1.32 lakh shares.

The company operates in the design, development, and manufacture of LED-based video display systems and lighting solutions. It is part of the BSE Industrials index and has a market capitalisation exceeding Rs 935 crore.

Earlier, the firm bagged several orders from Indian Railways. According to BSE data, the small-cap stock has declined by around 45 percent over the last year. It rose more than 200 precent over the past three years.

&nbsp;

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

MIC Electronics shares hit 10% upper circuit on bagging Rs 114 crore order

&amp;nbsp;

Shares of MIC Electronics on Wednesday hit the upper circuit limit after the company announced that it has bagged a fresh order worth over Rs 114 crore.

The stock advanced 10 percent to hit the upper circuit at Rs 38.97 per share on the NSE. Shares of the company opened higher, gaining 2.57 percent, and extended the momentum through the session. The stock has risen nearly 15 percent over the last two trading days.

In an exchange filing, the company said it has received a Letter of Acceptance from Nava Raipur Atal Nagar Vikas Pradhikaran, Raipur.

The order involves designing, engineering, supply, construction, testing, commissioning, annual maintenance contract, and operation and maintenance of infrastructure works at the Common Facility Centre in Sector 22 of Nava Raipur Atal Nagar, Raipur.

The total value of the order stands at Rs 114.10 crore, with an execution period of 10 months, the company said in the filing dated January 28. It added that the contract was secured through the tender route and is a direct order.

The upward move was backed by strong trading volume, with volumes surging to over 2.23 times the stock’s two-week average turnover of 1.32 lakh shares.

The company operates in the design, development, and manufacture of LED-based video display systems and lighting solutions. It is part of the BSE Industrials index and has a market capitalisation exceeding Rs 935 crore.

Earlier, the firm bagged several orders from Indian Railways. According to BSE data, the small-cap stock has declined by around 45 percent over the last year. It rose more than 200 precent over the past three years.

&amp;nbsp;

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

Hindustan Copper shares jumped over 13 percent, extending a three-day rally, Stock surged after being named top bidder for a copper block in Madhya Pradesh, Copper prices rally and supply constraints boost investor interest in the sector

* Hindustan Copper shares jumped over 13 percent, extending a three-day rally
* Stock surged after being named top bidder for a copper block in Madhya Pradesh
* Copper prices rally and supply constraints boost investor interest in the sector

Hindustan Copper shares surged over 13% on January 28, driven by rising copper prices and its selection as preferred bidder for a mineral block in Madhya Pradesh. The stock is up 26% in 2026, boosted by strong copper fundamentals and investor interest.

shorts/business/hindustan-copper-shares-rally-19-in-two-days-as-firm-becomes-preferred-bidder-for-mp-copper-block

* Hindustan Copper shares jumped over 13 percent, extending a three-day rally
* Stock surged after being named top bidder for a copper block in Madhya Pradesh
* Copper prices rally and supply constraints boost investor interest in the sector

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/metals-non-ferrous/hindustancopper/HC07">Hindustan Copper</a> jumped more than 13 percent in trade on January 28, extending sharp gains for the third consecutive session. The stock has gained around 21 percent in 2026 so far.

The sharp surge in the shares of the Vedanta Group-company comes amid the rally in copper prices, after the red metal gained 60 percent in 2025.
<h3>Why Hindustan Copper prices are rising today?</h3>
The latest surge in the stock also comes after the company announced on January 24 that it has emerged as the preferred bidder for Baghwari-Khirkhori Copper and associated mineral block in Madhya Pradesh.

The company had participated in the state government’s e-auction for the grant of mining lease and composite license for the said block. “Since, HCL had submitted the highest final price offer, it has been declared as the Preferred Bidder for this auction,” it said.

After the announcement, the shares of the company surged around 5 percent on January 27. The stock has now gained nearly 19 percent in just two sessions since the announcement.
<h3>Copper rallies:</h3>
Copper futures with February expiry rose nearly 2 percent to trade at Rs 1,328.95 per kilogram on Wednesday. The contracts are nearing its all-time high level of Rs 1,413.55 per kg. This comes amid falling dollar and supply constraints.

Copper’s long-term fundamentals remain strong, and Indian investors increasingly seek global commodity exposure to help diversify their portfolios and use as hedges against inflation, said Ross Maxwell, Global Strategy Operations Lead, VT Markets.
<h3>Hindustan Copper share price:</h3>
Hindustan Copper shares have gained more than 19 percent in the past five days, and over 29 percent in the past one month. The stock rallied 154 percent in the past six months, and is up 26 percent in 2026 so far.

The stock currently has a P/E ratio of 94.93, and the company’s market capitalization stands at around Rs 61,000 crore.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-firm-start-us-asian-markets-mixed-2-liveblog-13793449.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.

Hindustan Copper shares rally 19% in two days as firm becomes preferred bidder for MP copper block

The shares of Hindustan Copper jumped more than 13 percent in trade on January 28, extending sharp gains for the third consecutive session. The stock has gained around 21 percent in 2026 so far.

The sharp surge in the shares of the Vedanta Group-company comes amid the rally in copper prices, after the red metal gained 60 percent in 2025.
Why Hindustan Copper prices are rising today?
The latest surge in the stock also comes after the company announced on January 24 that it has emerged as the preferred bidder for Baghwari-Khirkhori Copper and associated mineral block in Madhya Pradesh.

The company had participated in the state government’s e-auction for the grant of mining lease and composite license for the said block. “Since, HCL had submitted the highest final price offer, it has been declared as the Preferred Bidder for this auction,” it said.

After the announcement, the shares of the company surged around 5 percent on January 27. The stock has now gained nearly 19 percent in just two sessions since the announcement.
Copper rallies:
Copper futures with February expiry rose nearly 2 percent to trade at Rs 1,328.95 per kilogram on Wednesday. The contracts are nearing its all-time high level of Rs 1,413.55 per kg. This comes amid falling dollar and supply constraints.

Copper’s long-term fundamentals remain strong, and Indian investors increasingly seek global commodity exposure to help diversify their portfolios and use as hedges against inflation, said Ross Maxwell, Global Strategy Operations Lead, VT Markets.
Hindustan Copper share price:
Hindustan Copper shares have gained more than 19 percent in the past five days, and over 29 percent in the past one month. The stock rallied 154 percent in the past six months, and is up 26 percent in 2026 so far.

The stock currently has a P/E ratio of 94.93, and the company’s market capitalization stands at around Rs 61,000 crore.

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.

industry Analysis
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Stocks to Watch Today: Rail Vikas Nigam, Wipro, Cupid, Thyrocare, Garden Reach, Gland Pharma, Symphony, Ask Automotive, GE Vernova, eClerx, L&T in focus on 29 January

Sona India Investments acquires stake in eClerx Services, Force Motors, Triveni Engineering, Excel Industries from Point Break Capital

BEL, BEML, other defence shares rise up to 12%, Nifty defence index soars 5%: Here are three likely reasons

MIC Electronics shares hit 10% upper circuit on bagging Rs 114 crore order

Hindustan Copper shares rally 19% in two days as firm becomes preferred bidder for MP copper block

industry AnalysisCheck Industry Performance, Industry Classification, Industry Earnings, Industry Growth and more to make better informed decisions.

industry Performance

All Industries

Sectoral Indices

Stock News

Stocks to Watch Today: Rail Vikas Nigam, Wipro, Cupid, Thyrocare, Garden Reach, Gland Pharma, Symphony, Ask Automotive, GE Vernova, eClerx, L&amp;T in focus on 29 January

Sona India Investments acquires stake in eClerx Services, Force Motors, Triveni Engineering, Excel Industries from Point Break Capital

BEL, BEML, other defence shares rise up to 12%, Nifty defence index soars 5%: Here are three likely reasons

MIC Electronics shares hit 10% upper circuit on bagging Rs 114 crore order

Hindustan Copper shares rally 19% in two days as firm becomes preferred bidder for MP copper block

industry Analysis
Check Industry Performance, Industry Classification, Industry Earnings, Industry Growth and more to make better informed decisions.

Stocks to Watch Today: Rail Vikas Nigam, Wipro, Cupid, Thyrocare, Garden Reach, Gland Pharma, Symphony, Ask Automotive, GE Vernova, eClerx, L&T in focus on 29 January