< -5%

IP Rings

Menon Pistons

Shriram Pistons

Federal-Mogul

-5% to -3%

Samkrg Pistons

-3% to 0%

0% to 3%

3% to 5%

<a href="https://www.moneycontrol.com/india/stockpricequote/transport-infrastructure/rites/R02">RITES</a> share price fell nearly 3 percent in the opening trade on March 9 despite company secured a work order worth Rs 45.18 crore.

At 09:19am, RITES was quoting at Rs 200.66, down Rs 5.96, or 2.88 percent, on the NSE.

The Public Works (Roads) Directorate, Government of West Bengal has awarded RITES a contract to provide consultancy services as Project Management Consultant (PMC) for the construction of a proposed four-lane extra-dosed bridge over the Muriganga river.

The bridge will include approach roads connecting Kachuberia (Sagar Island) with Kakdwip in the South 24 Parganas district of West Bengal. The project is scheduled to be completed within 48 months.

Catch all the market action on our live blog<a href="https://www.moneycontrol.com/news/business/markets/sensex-today-stock-market-live-gift-nifty-indicates-a-weak-start-us-asian-slip-as-crude-crosses-100-mark-liveblog-13854360.html">https://www.moneycontrol.com/news/business/markets/sensex-today-stock-market-live-gift-nifty-indicates-a-weak-start-us-asian-slip-as-crude-crosses-100-mark-liveblog-13854360.html</a>

Separately, the company has also received revised estimates worth Rs 729.28 crore from South Western Railway for railway electrification work on the Mysuru–Hassan–Mangaluru section, including the Hassan–Arsikere line, on a cost-plus turnkey basis.

In the quarter ended December 2025 the company's standalone net profit rises marginally at Rs 95.51 crore, while revenue jumped 4.5% at Rs 569.18 crore, YoY.

In the previous trading session, the share closed at Rs 206.35, up Rs 4.55, or 2.25 percent.

The share touched a 52-week high of Rs 316.15 and a 52-week low of Rs 196.00 on 05 June, 2025 and 04 March, 2026, respectively.

Currently, the stock is trading 34.73 percent below its 52-week high and 5.28 percent above its 52-week low.

The market capitalisation of the company stands at Rs 9,917.26 crore.

Ownership, Material Conflicts of Interest and Disciplinary History

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

Details of Associate

Receipt of Compensation

Third-Party Compensation

Employment History

Market-Making Activities

Use of Artificial Intelligence

RITES bags Rs 45.18 crore order; share price fall 3%

RITES share price fell nearly 3 percent in the opening trade on March 9 despite company secured a work order worth Rs 45.18 crore.

At 09:19am, RITES was quoting at Rs 200.66, down Rs 5.96, or 2.88 percent, on the NSE.

The Public Works (Roads) Directorate, Government of West Bengal has awarded RITES a contract to provide consultancy services as Project Management Consultant (PMC) for the construction of a proposed four-lane extra-dosed bridge over the Muriganga river.

The bridge will include approach roads connecting Kachuberia (Sagar Island) with Kakdwip in the South 24 Parganas district of West Bengal. The project is scheduled to be completed within 48 months.

Catch all the market action on our live bloghttps://www.moneycontrol.com/news/business/markets/sensex-today-stock-market-live-gift-nifty-indicates-a-weak-start-us-asian-slip-as-crude-crosses-100-mark-liveblog-13854360.html

Separately, the company has also received revised estimates worth Rs 729.28 crore from South Western Railway for railway electrification work on the Mysuru–Hassan–Mangaluru section, including the Hassan–Arsikere line, on a cost-plus turnkey basis.

In the quarter ended December 2025 the company's standalone net profit rises marginally at Rs 95.51 crore, while revenue jumped 4.5% at Rs 569.18 crore, YoY.

In the previous trading session, the share closed at Rs 206.35, up Rs 4.55, or 2.25 percent.

The share touched a 52-week high of Rs 316.15 and a 52-week low of Rs 196.00 on 05 June, 2025 and 04 March, 2026, respectively.

Currently, the stock is trading 34.73 percent below its 52-week high and 5.28 percent above its 52-week low.

The market capitalisation of the company stands at Rs 9,917.26 crore.

Stocks in Focus on March 9: Tata Motors Passenger Vehicles, Kirloskar Electric Company, GNFC, Max Financial Services, PB Fintech, Shankara Buildpro

* Stocks in Focus on March 9: Tata Motors Passenger Vehicles, Kirloskar Electric Company, GNFC, Max Financial Services, PB Fintech, Shankara Buildpro

shorts/business/stocks-to-watch-today-rites-gnfc-irb-infra-tata-power-dr-reddys-labs-max-estates-meesho-kwality-walls-pb-fintech-in-focus-on-9-march

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, appointments, and order wins, 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">Quarterly Earnings</a>

<a href="https://www.moneycontrol.com/india/stockpricequote/consumer-food/kwalitywallsindia/KWI" target="_blank">Kwality Wall's (India)</a> Q3 (QoQ)

Loss widens to Rs 178.4 crore Vs Rs 100.2 crore

Total income falls 30.6% to Rs 223.4 crore Vs Rs 321.7 crore

Monthly Auto Sales

<a href="https://www.moneycontrol.com/india/stockpricequote/automobile-truckslcvs/smlmahindra/SM" target="_blank">SML Mahindra</a> Commercial Vehicles (February YoY)

Total sales soar 15.1% to 1,415 units Vs 1,229 units

Exports grow 49.1% to 88 units Vs 59 units

Production zooms 16.4% to 1,679 units Vs 1,442 units

Stocks to Watch

<a href="https://www.moneycontrol.com/india/stockpricequote/construction-real-estate/maxestates/MEL02" target="_blank">Max Estates</a>

The company has secured RERA approval for the Max One project in Noida. The 10-acre development, with a 2.5 million sq ft potential, is expected to generate a total sales potential of Rs 2,000 crore, along with an annuity rental income potential of around Rs 120 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/retailing/meesho/ML13" target="_blank">Meesho</a>

The company has received an Assessment Order for the Assessment Year 2023–24, along with a Demand Notice from the Income Tax Department, which has raised a tax demand of Rs 1,499.73 crore, including applicable interest.

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/kotakmahindrabank/KMB" target="_blank">Kotak Mahindra Bank</a>

The Reserve Bank of India (RBI) has approved the appointment of Anup Kumar Saha to the board of Kotak Mahindra Bank. Accordingly, Saha has become a Whole-time Director (designated as Whole-time Director – Executive Director) and a Key Managerial Personnel of the bank with immediate effect.

Saha has ceased to be a Senior Management Personnel of the bank.

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software-mediumsmall/rsystemsinternational/RSI01" target="_blank">R Systems International</a>

The board has declared an interim dividend of Rs 6 per share for the financial year 2026. The record date for determining the entitlement of shareholders to the interim dividend is March 12.

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/yesbank/YB" target="_blank">Yes Bank</a>

The board has approved the appointment of Vinay Muralidhar Tonse as MD &amp; CEO (Designate) of Yes Bank, effective March 12.

Tonse will take charge as the MD &amp; CEO of the bank effective April 6, after Prashant Kumar, the current MD &amp; CEO, demits office on April 5.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/drreddyslaboratories/DRL" target="_blank">Dr Reddy's Laboratories</a>

The pharma company has received a letter from the US Department of Justice, stating that, based on the information available to it, the department has closed its inquiry under the Foreign Corrupt Practices Act (FCPA). The department has not recommended any enforcement action against the company.

In November 2020, the company had commenced a detailed investigation into an anonymous complaint alleging improper payments to healthcare professionals in Ukraine and potentially in other countries, which could constitute a violation of US anti-corruption laws, including the US Foreign Corrupt Practices Act.

<a href="https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/thetatapowercompany/TPC" target="_blank">Tata Power Company</a>

The company announced its collaboration with Salesforce to digitally transform its rapidly expanding rooftop solar (RTS), EV charging, and smart home solutions businesses. The collaboration reinforces Tata Power’s long-term clean energy roadmap aligned with India’s net-zero ambitions.

<a href="https://www.moneycontrol.com/india/stockpricequote/transport-infrastructure/rites/R02" target="_blank">RITES</a>

The company has received revised estimates for railway electrification work on the Mysuru–Hassan–Mangaluru section, including Hassan–Arsikere, from South Western Railway, on a cost-plus turnkey basis. The revised project cost is Rs 729.28 crore.

Additionally, it has received a work order worth Rs 45.18 crore from the Government of West Bengal for consultancy services as Project Management Consultant for the construction of a proposed four-lane extra-dosed bridge over the River Muriganga in South 24 Parganas.

<a href="https://www.moneycontrol.com/india/stockpricequote/cement-major/ultratechcement/UTC01" target="_blank">UltraTech Cement</a>

The company has entered into an Energy Supply Agreement, Share Subscription Agreement, and Shareholders Agreement to acquire 26.20 percent equity shares of Sunsure Solarpark Thirty Eight Private Limited, a company engaged in the generation and transmission of renewable energy.

The acquisition is aimed at meeting the company’s green energy needs and complying with regulatory requirements for captive power consumption under electricity laws.

<a href="https://www.moneycontrol.com/india/stockpricequote/transport-infrastructure/irbinfrastructuredevelopers/IID01" target="_blank">IRB Infrastructure Developers</a>

Toll revenue in February surged 21.55 percent to Rs 746.1 crore, compared to Rs 613.8 crore in the corresponding month of the previous year.

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-lcvshcvs/tatamotorspassengervehicles/TM03" target="_blank">Tata Motors Passenger Vehicles</a>

Om Prakash Bhatt has ceased to be an Independent Director of the company effective March 8, upon completion of his second consecutive term as an Independent Director after attaining the retirement age.

<a href="https://www.moneycontrol.com/india/stockpricequote/electric-equipment/kirloskarelectricco/KEC02" target="_blank">Kirloskar Electric Company</a>

Sanjeev Kumar S, Chief Financial Officer of the company, has been relieved from his services effective March 6.

<a href="https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/sterlingwilsonrenewableenergy/SWS" target="_blank">Sterling and Wilson Renewable Energy</a>

Sterling and Wilson Kazakhstan LLP, a step-down subsidiary of the company incorporated in Kazakhstan, has been liquidated effective March 2. The said company did not have any business activity.

<a href="https://www.moneycontrol.com/india/stockpricequote/fertilizers/gujaratnarmadavalleyfertchem/GNV" target="_blank">Gujarat Narmada Valley Fertilizers and Chemicals</a>

The ongoing war in the Middle East region has adversely impacted the supply of Liquefied Natural Gas (LNG).

In this regard, GAIL (India), the company’s supplier of Re-gasified Liquefied Natural Gas (RLNG), has received a Force Majeure Notice from its upstream supplier, Petronet LNG, citing transit constraints affecting LNG supply.

Accordingly, due to supply constraints, the allocation of RLNG quantities to GNFC under the Supply Agreement has been restricted to 60 percent of the Daily Contracted Quantity (DCQ) on an overall basis effective March 6. This will impact the production of Neem urea.

However, the manufacturing of other products remains unaffected as of the current date.

The likely impact of the Force Majeure, which is currently an ongoing event, cannot be estimated at this point in time.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-investments/maxfinancialservices/MI" target="_blank">Max Financial Services</a>

Axis entities — Axis Bank, Axis Securities, and Axis Capital — have provided their in-principle no-objection to the proposed amalgamation of Max Financial Services into Axis Max Life Insurance.

BSE Indices Restructuring

Anthem Biosciences, PhysicsWallah, Piramal Finance, Pine Labs, and National Securities Depository will be included in the BSE Midcap and BSE LargeMidcap Indices effective March 23.

Laurus Labs, GE Vernova T&amp;D India, Muthoot Finance, and FSN E-Commerce Ventures will replace PI Industries, Torrent Power, Supreme Industries, and Page Industries in the BSE Midcap Select Index.

Authum Investment &amp; Infrastructure, Neuland Laboratories, Anand Rathi Wealth, and Asahi India Glass will replace Nuvama Wealth Management, Five-Star Business Finance, Nagarjuna Construction Company, and SKF India in the BSE Smallcap Select Index.

Block Deals

<a href="https://www.moneycontrol.com/india/stockpricequote/multiline-insurancebrokers/pbfintech/PF14" target="_blank">PB Fintech</a>

Tencent Cloud Europe BV, a subsidiary of China's Tencent Holdings, halved its stake in the Policybazaar and Paisabazaar operator, selling 48.4 lakh shares (equivalent to 1.04 percent of paid-up equity) for Rs 694.65 crore. The transaction price for the block deal was Rs 1,435.1 per share.

On the other hand, seven investors — Goldman Sachs Bank Europe, Mirae Asset Mutual Fund, Societe Generale, DSP Mutual Fund, Schroder, Tata Mutual Fund, and Viridian Asia Opportunities Master Fund — purchased the entire shares sold by Tencent.

Among them, Tata Mutual Fund and Mirae Asset Mutual Fund already held 1.1 percent and 1.63 percent stake, respectively, in PB Fintech as of December 2025.

Bulk Deals

<a href="https://www.moneycontrol.com/india/stockpricequote/ironsteel/shankarabuildpro/SBL06" target="_blank">Shankara Buildpro</a>

360 ONE Equity Opportunity Fund has bought 1.62 lakh shares (0.67 percent stake) in the building materials and home improvement products supplier for Rs 16.22 crore. The purchase price was Rs 998.61 per share.

<a href="https://www.moneycontrol.com/india/stockpricequote/textiles-processing/ganeshaecosphere/GP01" target="_blank">Ganesha Ecosphere</a>

DSP Mutual Fund sold 2.76 lakh shares (1.03 percent stake) in the PET bottle recycler for Rs 21.2 crore, at a price of Rs 768 per share.

However, India Capital Management, through India Capital Fund, acquired 2.34 lakh shares for Rs 17.97 crore at the same price.

SME Listing

Acetech E-Commerce

Stock Trades Ex-Date for Split

TANFAC Industries

Stock Trades Ex-Dividend

Axtel Industries

Stock Trades Ex-Bonus

Cupid

Stocks in F&amp;O ban

SAIL
Sammaan Capital

Stocks to Watch Today: RITES, GNFC, IRB Infra, Tata Power, Dr Reddys Labs, Max Estates, Meesho, Kwality Walls, PB Fintech in focus on 9 March

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

Quarterly Earnings

Kwality Wall's (India) Q3 (QoQ)

Loss widens to Rs 178.4 crore Vs Rs 100.2 crore

Total income falls 30.6% to Rs 223.4 crore Vs Rs 321.7 crore

Monthly Auto Sales

SML Mahindra Commercial Vehicles (February YoY)

Total sales soar 15.1% to 1,415 units Vs 1,229 units

Exports grow 49.1% to 88 units Vs 59 units

Production zooms 16.4% to 1,679 units Vs 1,442 units

Stocks to Watch

Max Estates

The company has secured RERA approval for the Max One project in Noida. The 10-acre development, with a 2.5 million sq ft potential, is expected to generate a total sales potential of Rs 2,000 crore, along with an annuity rental income potential of around Rs 120 crore.

Meesho

The company has received an Assessment Order for the Assessment Year 2023–24, along with a Demand Notice from the Income Tax Department, which has raised a tax demand of Rs 1,499.73 crore, including applicable interest.

Kotak Mahindra Bank

The Reserve Bank of India (RBI) has approved the appointment of Anup Kumar Saha to the board of Kotak Mahindra Bank. Accordingly, Saha has become a Whole-time Director (designated as Whole-time Director – Executive Director) and a Key Managerial Personnel of the bank with immediate effect.

Saha has ceased to be a Senior Management Personnel of the bank.

R Systems International

The board has declared an interim dividend of Rs 6 per share for the financial year 2026. The record date for determining the entitlement of shareholders to the interim dividend is March 12.

Yes Bank

The board has approved the appointment of Vinay Muralidhar Tonse as MD &amp;amp; CEO (Designate) of Yes Bank, effective March 12.

Tonse will take charge as the MD &amp;amp; CEO of the bank effective April 6, after Prashant Kumar, the current MD &amp;amp; CEO, demits office on April 5.

Dr Reddy's Laboratories

The pharma company has received a letter from the US Department of Justice, stating that, based on the information available to it, the department has closed its inquiry under the Foreign Corrupt Practices Act (FCPA). The department has not recommended any enforcement action against the company.

In November 2020, the company had commenced a detailed investigation into an anonymous complaint alleging improper payments to healthcare professionals in Ukraine and potentially in other countries, which could constitute a violation of US anti-corruption laws, including the US Foreign Corrupt Practices Act.

Tata Power Company

The company announced its collaboration with Salesforce to digitally transform its rapidly expanding rooftop solar (RTS), EV charging, and smart home solutions businesses. The collaboration reinforces Tata Power’s long-term clean energy roadmap aligned with India’s net-zero ambitions.

RITES

The company has received revised estimates for railway electrification work on the Mysuru–Hassan–Mangaluru section, including Hassan–Arsikere, from South Western Railway, on a cost-plus turnkey basis. The revised project cost is Rs 729.28 crore.

Additionally, it has received a work order worth Rs 45.18 crore from the Government of West Bengal for consultancy services as Project Management Consultant for the construction of a proposed four-lane extra-dosed bridge over the River Muriganga in South 24 Parganas.

UltraTech Cement

The company has entered into an Energy Supply Agreement, Share Subscription Agreement, and Shareholders Agreement to acquire 26.20 percent equity shares of Sunsure Solarpark Thirty Eight Private Limited, a company engaged in the generation and transmission of renewable energy.

The acquisition is aimed at meeting the company’s green energy needs and complying with regulatory requirements for captive power consumption under electricity laws.

IRB Infrastructure Developers

Toll revenue in February surged 21.55 percent to Rs 746.1 crore, compared to Rs 613.8 crore in the corresponding month of the previous year.

Tata Motors Passenger Vehicles

Om Prakash Bhatt has ceased to be an Independent Director of the company effective March 8, upon completion of his second consecutive term as an Independent Director after attaining the retirement age.

Kirloskar Electric Company

Sanjeev Kumar S, Chief Financial Officer of the company, has been relieved from his services effective March 6.

Sterling and Wilson Renewable Energy

Sterling and Wilson Kazakhstan LLP, a step-down subsidiary of the company incorporated in Kazakhstan, has been liquidated effective March 2. The said company did not have any business activity.

Gujarat Narmada Valley Fertilizers and Chemicals

The ongoing war in the Middle East region has adversely impacted the supply of Liquefied Natural Gas (LNG).

In this regard, GAIL (India), the company’s supplier of Re-gasified Liquefied Natural Gas (RLNG), has received a Force Majeure Notice from its upstream supplier, Petronet LNG, citing transit constraints affecting LNG supply.

Accordingly, due to supply constraints, the allocation of RLNG quantities to GNFC under the Supply Agreement has been restricted to 60 percent of the Daily Contracted Quantity (DCQ) on an overall basis effective March 6. This will impact the production of Neem urea.

However, the manufacturing of other products remains unaffected as of the current date.

The likely impact of the Force Majeure, which is currently an ongoing event, cannot be estimated at this point in time.

Max Financial Services

Axis entities — Axis Bank, Axis Securities, and Axis Capital — have provided their in-principle no-objection to the proposed amalgamation of Max Financial Services into Axis Max Life Insurance.

BSE Indices Restructuring

Anthem Biosciences, PhysicsWallah, Piramal Finance, Pine Labs, and National Securities Depository will be included in the BSE Midcap and BSE LargeMidcap Indices effective March 23.

Laurus Labs, GE Vernova T&amp;amp;D India, Muthoot Finance, and FSN E-Commerce Ventures will replace PI Industries, Torrent Power, Supreme Industries, and Page Industries in the BSE Midcap Select Index.

Authum Investment &amp;amp; Infrastructure, Neuland Laboratories, Anand Rathi Wealth, and Asahi India Glass will replace Nuvama Wealth Management, Five-Star Business Finance, Nagarjuna Construction Company, and SKF India in the BSE Smallcap Select Index.

Block Deals

PB Fintech

Tencent Cloud Europe BV, a subsidiary of China's Tencent Holdings, halved its stake in the Policybazaar and Paisabazaar operator, selling 48.4 lakh shares (equivalent to 1.04 percent of paid-up equity) for Rs 694.65 crore. The transaction price for the block deal was Rs 1,435.1 per share.

On the other hand, seven investors — Goldman Sachs Bank Europe, Mirae Asset Mutual Fund, Societe Generale, DSP Mutual Fund, Schroder, Tata Mutual Fund, and Viridian Asia Opportunities Master Fund — purchased the entire shares sold by Tencent.

Among them, Tata Mutual Fund and Mirae Asset Mutual Fund already held 1.1 percent and 1.63 percent stake, respectively, in PB Fintech as of December 2025.

Bulk Deals

Shankara Buildpro

360 ONE Equity Opportunity Fund has bought 1.62 lakh shares (0.67 percent stake) in the building materials and home improvement products supplier for Rs 16.22 crore. The purchase price was Rs 998.61 per share.

Ganesha Ecosphere

DSP Mutual Fund sold 2.76 lakh shares (1.03 percent stake) in the PET bottle recycler for Rs 21.2 crore, at a price of Rs 768 per share.

However, India Capital Management, through India Capital Fund, acquired 2.34 lakh shares for Rs 17.97 crore at the same price.

SME Listing

Acetech E-Commerce

Stock Trades Ex-Date for Split

TANFAC Industries

Stock Trades Ex-Dividend

Axtel Industries

Stock Trades Ex-Bonus

Cupid

Stocks in F&amp;amp;O ban

SAIL
Sammaan Capital

Goldman Sachs, DSP MF, Schroder, Societe Generale among 7 investors buy over 1% stake in PB Fintech, Tencent Cloud Europe halves its stake in PB Fintech for Rs 695 crore, DSP Mutual Fund sells 1.03% stake in Ganesha Ecosphere

* Goldman Sachs, DSP MF, Schroder, Societe Generale among 7 investors buy over 1% stake in PB Fintech
* Tencent Cloud Europe halves its stake in PB Fintech for Rs 695 crore
* DSP Mutual Fund sells 1.03% stake in Ganesha Ecosphere

shorts/business/goldman-sachs-dsp-mf-schroder-societe-generale-among-7-investors-buy-over-1-stake-in-policybazaar-from-tencent-for-rs-695-crore

* Goldman Sachs, DSP MF, Schroder, Societe Generale among 7 investors buy over 1% stake in PB Fintech
* Tencent Cloud Europe halves its stake in PB Fintech for Rs 695 crore
* DSP Mutual Fund sells 1.03% stake in Ganesha Ecosphere

Goldman Sachs, DSP Mutual Fund, Schroder, and Societe Generale among seven foreign and domestic institutional investors have acquired over 1 percent stake in the Policybazaar promoter from Tencent Cloud Europe via open market transactions on March 6.

<a href="https://www.moneycontrol.com/india/stockpricequote/multiline-insurancebrokers/pbfintech/PF14">PB Fintech</a> shares fell 3.01 percent to Rs 1,428.4, the lowest closing level since March 17, 2025 on the NSE.

Tencent Cloud Europe BV, a subsidiary of China's Tencent Holdings, halved its stake in the Policybazaar and Paisabazaar operator on Friday, selling 48.4 lakh shares (equivalent to 1.04 percent of paid-up equity) for Rs 694.65 crore.

The transaction price for block deals was Rs 1435.1 per share.

On the contrary, total seven investors picked up the entire shares sold by Tencent with Goldman Sachs Bank Europe being the largest investor amongst them buying 12.65 lakh shares for Rs 181.6 crore.

This follows Mirae Asset Mutual Fund which acquired 9 lakh shares in PB Fintech for Rs 129.15 crore, while Societe Generale - ODI has bought 7 lakh shares for Rs 100.45 crore.

And the remaining 19.74 lakh shares worth Rs 283.38 crore were purchased by DSP Mutual Fund, Schroder, Tata Mutual Fund, and Viridian Asia Opportunities Master Fund.

Amongst them, Tata Mutual Fund, and Mirae Asset MF already held 1.1 percent and 1.63 percent stake, respectively in PB Fintech as of December 2025.

Meanwhile, some action was also seen in <a href="https://www.moneycontrol.com/india/stockpricequote/ironsteel/shankarabuildpro/SBL06">Shankara Buildpro</a>, which shares jumped 3.58 percent to Rs 1,001.8. 360 ONE Equity Opportunity Fund has bought 1.62 lakh shares (0.67 percent stake) in the building materials, and home improvement products supplier for Rs 16.22 crore. The buying price was Rs 998.61 per share.

However, <a href="https://www.moneycontrol.com/india/stockpricequote/textiles-processing/ganeshaecosphere/GP01">Ganesha Ecosphere</a> was under pressure on Friday, plunging 8.36 percent to Rs 706.4 amid high volumes, may be after more than one percent stake offloaded by DSP Mutual Fund.

DSP Mutual Fund sold 2.76 lakh shares (1.03 percent stake) in the PET bottle recycler for Rs 21.2 crore, at a price of Rs 768 per share. However, India Capital Management through India Capital Fund has acquired 2.34 lakh shares for Rs 17.97 crore at same price.

<img class="alignnone size-full wp-image-13854331 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/03/20260308194958_Image2008032026.jpg" alt="Image2008032026" width="700" height="2061" />

Tencent halves Policybazaar stake; Goldman Sachs, DSP MF among top buyers

Goldman Sachs, DSP Mutual Fund, Schroder, and Societe Generale among seven foreign and domestic institutional investors have acquired over 1 percent stake in the Policybazaar promoter from Tencent Cloud Europe via open market transactions on March 6.

PB Fintech shares fell 3.01 percent to Rs 1,428.4, the lowest closing level since March 17, 2025 on the NSE.

Tencent Cloud Europe BV, a subsidiary of China's Tencent Holdings, halved its stake in the Policybazaar and Paisabazaar operator on Friday, selling 48.4 lakh shares (equivalent to 1.04 percent of paid-up equity) for Rs 694.65 crore.

The transaction price for block deals was Rs 1435.1 per share.

On the contrary, total seven investors picked up the entire shares sold by Tencent with Goldman Sachs Bank Europe being the largest investor amongst them buying 12.65 lakh shares for Rs 181.6 crore.

This follows Mirae Asset Mutual Fund which acquired 9 lakh shares in PB Fintech for Rs 129.15 crore, while Societe Generale - ODI has bought 7 lakh shares for Rs 100.45 crore.

And the remaining 19.74 lakh shares worth Rs 283.38 crore were purchased by DSP Mutual Fund, Schroder, Tata Mutual Fund, and Viridian Asia Opportunities Master Fund.

Amongst them, Tata Mutual Fund, and Mirae Asset MF already held 1.1 percent and 1.63 percent stake, respectively in PB Fintech as of December 2025.

Meanwhile, some action was also seen in Shankara Buildpro, which shares jumped 3.58 percent to Rs 1,001.8. 360 ONE Equity Opportunity Fund has bought 1.62 lakh shares (0.67 percent stake) in the building materials, and home improvement products supplier for Rs 16.22 crore. The buying price was Rs 998.61 per share.

However, Ganesha Ecosphere was under pressure on Friday, plunging 8.36 percent to Rs 706.4 amid high volumes, may be after more than one percent stake offloaded by DSP Mutual Fund.

DSP Mutual Fund sold 2.76 lakh shares (1.03 percent stake) in the PET bottle recycler for Rs 21.2 crore, at a price of Rs 768 per share. However, India Capital Management through India Capital Fund has acquired 2.34 lakh shares for Rs 17.97 crore at same price.

InterGlobe Aviation shares drop 3% due to West Asia tensions., Brokerages warn of earnings pressure due to fuel costs, flight cuts., IndiGo cancelled 500+ flights due to US-Iran hostilities.

* InterGlobe Aviation shares drop 3% due to West Asia tensions.
* Brokerages warn of earnings pressure due to fuel costs, flight cuts.
* IndiGo cancelled 500+ flights due to US-Iran hostilities.

InterGlobe Aviation shares fell over 3% as brokerages warned of earnings pressure from West Asia tensions, higher fuel costs, and flight cancellations. UBS cut its target price, citing risks from crude prices and rupee depreciation, but retained a ‘buy’ rating.

shorts/business/west-asia-war-impact-indigo-shares-decline-3-as-multiple-brokerages-flag-pressure-on-airline-s-earnings

* InterGlobe Aviation shares drop 3% due to West Asia tensions.
* Brokerages warn of earnings pressure due to fuel costs, flight cuts.
* IndiGo cancelled 500+ flights due to US-Iran hostilities.

Shares of InterGlobe Aviation, the parent of IndiGo, fell over 3 percent intraday on Friday after multiple brokerages flagged potential pressure on the airline’s earnings amid tensions in West Asia.

The decline snapped the previous session’s gains, when the stock had settled nearly 3 percent higher. However, the stock is down 9.5 percent this week.

<a href="https://www.moneycontrol.com/india/stockpricequote/transportlogistics/interglobeaviation/IA04">InterGlobe Aviation</a> shares ended 2.28 percent lower at Rs 4,410 per share after brokerage J.P. Morgan highlighted earnings headwinds from higher fuel costs and a moderation in international air traffic linked to the Middle East crisis.

Global brokerage UBS said the airline’s earnings remain sensitive to the ongoing military action between the United States and Iran. According to the brokerage, the hostilities are likely to weigh on the carrier’s available seat kilometre (ASK) in the near term, NDTV Profit reported, citing UBS.

Available seat kilometre is a measure of passenger carrying capacity calculated by multiplying the number of available seats by the kilometres flown.

UBS retained a ‘buy’ rating on the stock but cut its target price by nearly 13 percent to Rs 5,480 from Rs 6,170. The brokerage said a rise in crude oil prices poses additional risk to the company’s earnings. It also noted that depreciation of the rupee against the US dollar could create medium-term headwinds.

On Wednesday, the airline said it had cancelled more than 500 flights to West Asia and other select international destinations amid the hostilities between the US and Iran.

Earlier, on March 4, the low-cost carrier said it had cancelled over 500 overseas flights between February 28 and March 3 due to the ongoing tensions in the Middle East. On that day, the company’s stock was trading 4.6 percent lower at Rs 4,310.4 per share.

"If these cancellations persist for seven days, we estimate they will erase about Rs 32 crore of IndiGo’s profit before tax, equal to about 6 percent of profit before tax in the fourth quarter," HSBC analysts led by Parash Jain said.

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.

West Asia war impact: IndiGo shares decline 3% as multiple brokerages flag pressure on airline's earnings

Shares of InterGlobe Aviation, the parent of IndiGo, fell over 3 percent intraday on Friday after multiple brokerages flagged potential pressure on the airline’s earnings amid tensions in West Asia.

The decline snapped the previous session’s gains, when the stock had settled nearly 3 percent higher. However, the stock is down 9.5 percent this week.

InterGlobe Aviation shares ended 2.28 percent lower at Rs 4,410 per share after brokerage J.P. Morgan highlighted earnings headwinds from higher fuel costs and a moderation in international air traffic linked to the Middle East crisis.

Global brokerage UBS said the airline’s earnings remain sensitive to the ongoing military action between the United States and Iran. According to the brokerage, the hostilities are likely to weigh on the carrier’s available seat kilometre (ASK) in the near term, NDTV Profit reported, citing UBS.

Available seat kilometre is a measure of passenger carrying capacity calculated by multiplying the number of available seats by the kilometres flown.

UBS retained a ‘buy’ rating on the stock but cut its target price by nearly 13 percent to Rs 5,480 from Rs 6,170. The brokerage said a rise in crude oil prices poses additional risk to the company’s earnings. It also noted that depreciation of the rupee against the US dollar could create medium-term headwinds.

On Wednesday, the airline said it had cancelled more than 500 flights to West Asia and other select international destinations amid the hostilities between the US and Iran.

Earlier, on March 4, the low-cost carrier said it had cancelled over 500 overseas flights between February 28 and March 3 due to the ongoing tensions in the Middle East. On that day, the company’s stock was trading 4.6 percent lower at Rs 4,310.4 per share.

&quot;If these cancellations persist for seven days, we estimate they will erase about Rs 32 crore of IndiGo’s profit before tax, equal to about 6 percent of profit before tax in the fourth quarter,&quot; HSBC analysts led by Parash Jain said.

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.

Railway PSU shares rose after IRCON-RVNL merger proposal., IRCON shares jumped over 11 percent, RVNL up 3.17 percent., Private railway stocks like Jupiter Wagons rose over 15 percent.

* Railway PSU shares rose after IRCON-RVNL merger proposal.
* IRCON shares jumped over 11 percent, RVNL up 3.17 percent.
* Private railway stocks like Jupiter Wagons rose over 15 percent.

Railway PSU shares surged up to 11% after reports of a proposed merger between IRCON International and Rail Vikas Nigam Limited by the Ministry of Railways. Other rail stocks and private railway firms also saw gains following the news.

shorts/business/railway-psu-shares-rally-up-to-11-on-report-of-mega-rvnl-ircon-merger

* Railway PSU shares rose after IRCON-RVNL merger proposal.
* IRCON shares jumped over 11 percent, RVNL up 3.17 percent.
* Private railway stocks like Jupiter Wagons rose over 15 percent.

Railway PSU shares rose up to 11 percent on Friday after a report said that the Ministry of Railways has moved a formal proposal to merge IRCON International Limited with Rail Vikas Nigam Limited (RVNL). Citing sources, PSU Connect reported that the Ministry of Railways has made a formal proposal to merge IRCON International with RVNL.

However, IRCON has clarified in an exchange filing that "the company is not engaged in any such discussions or negotiations."

<a href="https://www.moneycontrol.com/india/stockpricequote/engineering-heavy/irconinternational/II07">IRCON</a> shares were trading more than 11 percent higher at Rs 148.75 per share on the NSE at around 1:30 pm, while those of <a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/railvikasnigam/RVN">RVNL</a> climbed 3.17 percent to Rs 288.10 per share.

Other rail stocks like RailTel, RITES, IRFC were trading 4.2 percent, 3.5 percent and 1.5 percent higher, respectively.

IRCON is an engineering and construction corporation specialising in transport infrastructure. It has a significant international presence, having completed over 900 projects across 31 countries, including Southeast Asia and the Middle East. It is a Navratna PSU.

RVNL is the dedicated execution arm of the Ministry of Railways for project implementation. It is primarily a domestic powerhouse responsible for over 25% of India's railway electrification. It is also a Navratna PSU.

The rub-off effect was also seen in shares of the private railway firms as well.

Jupiter Wagons was up more than 15 percent at Rs 293.35 per share, while Texmaco Rail &amp; Engineering shares climbed nearly 6 percent. Titagarh Rail Systems shares were up 5 percent at Rs 690.80 per share on the NSE.

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.

Railway PSU shares rally up to 11% on report of mega RVNL-IRCON merger

Railway PSU shares rose up to 11 percent on Friday after a report said that the Ministry of Railways has moved a formal proposal to merge IRCON International Limited with Rail Vikas Nigam Limited (RVNL). Citing sources, PSU Connect reported that the Ministry of Railways has made a formal proposal to merge IRCON International with RVNL.

However, IRCON has clarified in an exchange filing that &quot;the company is not engaged in any such discussions or negotiations.&quot;

IRCON shares were trading more than 11 percent higher at Rs 148.75 per share on the NSE at around 1:30 pm, while those of RVNL climbed 3.17 percent to Rs 288.10 per share.

Other rail stocks like RailTel, RITES, IRFC were trading 4.2 percent, 3.5 percent and 1.5 percent higher, respectively.

IRCON is an engineering and construction corporation specialising in transport infrastructure. It has a significant international presence, having completed over 900 projects across 31 countries, including Southeast Asia and the Middle East. It is a Navratna PSU.

RVNL is the dedicated execution arm of the Ministry of Railways for project implementation. It is primarily a domestic powerhouse responsible for over 25% of India's railway electrification. It is also a Navratna PSU.

The rub-off effect was also seen in shares of the private railway firms as well.

Jupiter Wagons was up more than 15 percent at Rs 293.35 per share, while Texmaco Rail &amp;amp; Engineering shares climbed nearly 6 percent. Titagarh Rail Systems shares were up 5 percent at Rs 690.80 per share on the NSE.

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.

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West Asia war impact: IndiGo shares decline 3% as multiple brokerages flag pressure on airline's earnings

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Auto Ancillaries - Pistons Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Auto Ancillaries - Pistons industry stocks.

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West Asia war impact: IndiGo shares decline 3% as multiple brokerages flag pressure on airline's earnings

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