< -5%

-5% to -3%

Adarsh Plant

WPIL

Veljan Denison

Dynamatic Tech

-3% to 0%

Kirloskar Pneum

Elgi Equipments

Roto Pumps

0% to 3%

Ingersoll Rand

Shakti Pumps

3% to 5%

Stocks like Jindal Poly Films, Vodafone Idea, NBCC, NCC, Great Eastern Shipping Company, Berger Paints India, Hyundai Motor India, Blue Dart Express, Adani Enterprises, and Ola Electric Mobility will be in focus on January 1.

shorts/business/stocks-to-watch-today-jindal-poly-films-nbcc-ncc-berger-paints-hyundai-motor-india-blue-dart-adani-enterprises-in-focus-on-1-january

Let's catch up on the latest news from the stock market. From significant investments to major deals, 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">Quarterly Earnings</a>

<a href="https://www.moneycontrol.com/india/stockpricequote/packaging/jindalpolyfilms/JPF01" target="_blank">Jindal Poly Films</a> Q2 (Consolidated YoY)

Loss stands at Rs 12.8 crore Vs profit of Rs 116.6 crore

Revenue sinks 63.8% to Rs 410.4 crore Vs Rs 1,134.6 crore

Other income plunges 79.5% to Rs 53.5 crore Vs Rs 261.2 crore

Stocks to Watch

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/canarabank/CB06" target="_blank">Canara Bank</a>

The Central Government has assigned Hardeep Singh Ahluwalia additional charge of the post of Managing Director &amp; Chief Executive Officer of Canara Bank, effective January 1, for a period of three months. This follows the superannuation of the present MD &amp; CEO, K Satyanarayana Raju, on December 31, 2025.

Currently, Hardeep Singh Ahluwalia is serving as the Executive Director of Canara Bank.

<a href="https://www.moneycontrol.com/india/stockpricequote/telecommunication-service-provider/vodafoneidea/IC8" target="_blank">Vodafone Idea</a>

The company has reached an agreement with the Vodafone Group and entered into an amendment agreement to the Implementation Agreement (IA dated March 20, 2017) with its promoter or promoter group shareholders.

An amount of Rs 5,836 crore is receivable from Vodafone Group promoters as per the amended agreement. Of this, a defined amount of Rs 2,307 crore will be released by the Vodafone Group promoters over the next 12 months.

The IA governs the Contingent Liability Adjustment Mechanism (CLAM) established at the time of the merger of erstwhile Vodafone India and Idea Cellular, and the Amendment Agreement records the discharge of such CLAM.

A portion of the CLAM amount is secured through the earmarking of 328 crore equity shares of the company by certain Vodafone Group shareholders for a period of five years. As on the date of the Amendment Agreement, the market value of the earmarked shares stands at Rs 3,529 crore, based on the closing market price of Rs 10.76 per share on the National Stock Exchange of India.

<a href="https://www.moneycontrol.com/india/stockpricequote/infrastructure-general/nbccindia/NBC01" target="_blank">NBCC (India)</a>

The company has received three orders worth Rs 220.31 crore from Canara Bank and Navodaya Vidyalaya Samiti. This includes an order worth Rs 163.12 crore for planning, designing, and execution of construction of the Head Office Annex Building for Canara Bank at Rachanahalli Village, Bengaluru.

<a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-civil/ncc/NCC01" target="_blank">NCC</a>

The company received four orders worth Rs 1,237.24 crore in December 2025. Of these, Rs 704.67 crore pertains to the buildings division, while Rs 532.57 crore relates to the transportation division.

<a href="https://www.moneycontrol.com/india/stockpricequote/shipping/greateasternshippingcompany/GES" target="_blank">Great Eastern Shipping Company</a>

The company has contracted to buy a second-hand medium-range tanker of about 51,565 DWT on December 31. The 2013 South Korea–built vessel is expected to join the company’s fleet in Q4 FY26.

<a href="https://www.moneycontrol.com/india/stockpricequote/paintsvarnishes/bergerpaintsindia/BPI02" target="_blank">Berger Paints India</a>

Promoter UK Paints (India) has acquired a 14.48 percent stake in the company from Jenson &amp; Nicholson (Asia) as part of a restructuring exercise, increasing its shareholding to 64.57 percent.

<a href="https://www.moneycontrol.com/india/stockpricequote/automobile-passenger-cars/hyundaimotorindia/HMI01" target="_blank">Hyundai Motor India</a>

Unsoo Kim has resigned from the position of Managing Director &amp; Director of Hyundai Motor India, effective December 31.

The company has received shareholders’ approval for the appointment of Tarun Garg as the new Managing Director &amp; Chief Executive Officer, effective January 1, 2026.

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-hardware/redington/RI37" target="_blank">Redington</a>

The company has received an order from the CGST Gurugram Commissionerate, Gurugram, raising a demand of Rs 148.33 crore (including interest and penalty) for the financial years 2018–19, 2019–20, and 2021–22.

<a href="https://www.moneycontrol.com/india/stockpricequote/couriers/bluedartexpress/BDE" target="_blank">Blue Dart Express</a>

The Commissioner of GST &amp; Central Excise, Chennai, has substantially dropped the tax demand raised in the Show Cause Notice dated September 16, 2025, against the company’s subsidiary, Blue Dart Aviation.

Out of the total proposed demand of Rs 420.8 crore, Rs 420.13 crore has been set aside in respect of issues relating to the determination of place of supply and availment of input tax credit, after considering Blue Dart Aviation’s submissions.

The adjudicating authority has now revised the demand to Rs 64.98 lakh, along with interest of Rs 41.71 crore and a penalty of Rs 6.49 crore. The revised tax and interest have been voluntarily accepted and discharged by Blue Dart Aviation to avoid protracted litigation.

<a href="https://www.moneycontrol.com/india/stockpricequote/trading/adanienterprises/AE13" target="_blank">Adani Enterprises</a>

The company’s subsidiaries, Adani Defence Systems and Technologies and Horizon Aero Solutions, have completed the acquisition of a 39 percent effective shareholding in Flight Simulation Technique Centre (FSTC) at an enterprise value of Rs 820 crore.

FSTC is a Directorate General of Civil Aviation (DGCA) and European Union Aviation Safety Agency (EASA)–approved pilot training organization that provides integrated flight training to pilots.

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries-brakes/olaelectricmobility/OEM" target="_blank">Ola Electric Mobility</a>

Vishal Chaturvedi, Business Head – Cell, designated as Senior Management Personnel of the company, has resigned effective December 31 due to personal commitments.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-nbfc/indianrailwayfinancecorporation/IRF" target="_blank">Indian Railway Finance Corporation</a>

The company has executed a Rupee Term Loan Agreement with Maharashtra State Power Generation Company (MAHAGENCO) for a sanctioned amount of Rs 5,000 crore, out of which Rs 3,000 crore has already been disbursed.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/takesolutions/TS09" target="_blank">Take Solutions</a>

Vedamirtham Venkatesan has resigned from the position of Whole-Time Director and Chief Financial Officer of the company, effective December 31.

Bulk Deals

<a href="https://www.moneycontrol.com/india/stockpricequote/chemicals/privispecialitychemicals/HKF" target="_blank">Privi Speciality Chemicals</a>

SBI Mutual Fund has picked up an additional 22.4 lakh shares (equivalent to 5.73 percent of the paid-up equity capital) in Privi Speciality Chemicals for Rs 634.8 crore at Rs 2,833.96 per share. The fund house, through its Multi Asset Allocation Fund, already held a 3.64 percent stake in the company as of September 2025.

Bhaumikbhai Kiritbhai Doshi also net bought 1.88 lakh shares at Rs 2,836.91 per share, amounting to Rs 53.39 crore. However, promoter entity Vivira Investment and Trading sold 36.28 lakh shares (9.28 percent stake) for Rs 1,029.8 crore at Rs 2,838 per share.

<a href="https://www.moneycontrol.com/india/stockpricequote/construction-infrastructure/ceigallindia/CIL07" target="_blank">Ceigall India</a>

HDFC Mutual Fund, through HDFC Balanced Advantage Fund (HDFCGR), bought 13.13 lakh shares (0.75 percent stake) in the infrastructure construction company at Rs 261 per share for Rs 34.28 crore. Meanwhile, Pine Oak Global Fund sold 14 lakh shares (0.8 percent stake) for Rs 36.5 crore at Rs 261.04 per share.

<a href="https://www.moneycontrol.com/india/stockpricequote/engineering-construction/vishnuprakashrpunglia/VPP01" target="_blank">Vishnu Prakash R Punglia</a>

The Pungalia family offloaded a 4.01 percent stake in Vishnu Prakash R Punglia for Rs 26.72 crore.

Pushpa Pungalia sold 15 lakh shares at Rs 53.40 per share for Rs 8.01 crore, Pushpa Devi Pungalia sold 15 lakh shares at Rs 53.20 per share for Rs 7.98 crore, Anil Pungalia sold 10 lakh shares at Rs 53.75 per share for Rs 5.37 crore, and Vijay Pungalia sold 10 lakh shares at Rs 53.62 per share for Rs 5.36 crore.

Meanwhile, Jaliyan Commodity acquired 13.46 lakh shares (1.08 percent stake) at Rs 52.58 per share for Rs 7.07 crore.

Block Deals

<a href="https://www.moneycontrol.com/india/stockpricequote/trading/swancorp/SM09" target="_blank">Swan Corp</a>

Jupiter India Fund and The Jupiter Global Fund – Jupiter India Select acquired 15 lakh shares (0.47 percent stake) in Swan Corp for Rs 70.2 crore at Rs 468 per share. Jainam Broking was the seller in the deal, offloading 15 lakh shares at the same price.

Stock Trades Ex-Date for Rights

Avasara Finance

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: Jindal Poly Films, NBCC, NCC, Berger Paints, Hyundai Motor India, Blue Dart, Adani Enterprises in focus on 1 January

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

Quarterly Earnings

Jindal Poly Films Q2 (Consolidated YoY)

Loss stands at Rs 12.8 crore Vs profit of Rs 116.6 crore

Revenue sinks 63.8% to Rs 410.4 crore Vs Rs 1,134.6 crore

Other income plunges 79.5% to Rs 53.5 crore Vs Rs 261.2 crore

Stocks to Watch

Canara Bank

The Central Government has assigned Hardeep Singh Ahluwalia additional charge of the post of Managing Director &amp;amp; Chief Executive Officer of Canara Bank, effective January 1, for a period of three months. This follows the superannuation of the present MD &amp;amp; CEO, K Satyanarayana Raju, on December 31, 2025.

Currently, Hardeep Singh Ahluwalia is serving as the Executive Director of Canara Bank.

Vodafone Idea

The company has reached an agreement with the Vodafone Group and entered into an amendment agreement to the Implementation Agreement (IA dated March 20, 2017) with its promoter or promoter group shareholders.

An amount of Rs 5,836 crore is receivable from Vodafone Group promoters as per the amended agreement. Of this, a defined amount of Rs 2,307 crore will be released by the Vodafone Group promoters over the next 12 months.

The IA governs the Contingent Liability Adjustment Mechanism (CLAM) established at the time of the merger of erstwhile Vodafone India and Idea Cellular, and the Amendment Agreement records the discharge of such CLAM.

A portion of the CLAM amount is secured through the earmarking of 328 crore equity shares of the company by certain Vodafone Group shareholders for a period of five years. As on the date of the Amendment Agreement, the market value of the earmarked shares stands at Rs 3,529 crore, based on the closing market price of Rs 10.76 per share on the National Stock Exchange of India.

NBCC (India)

The company has received three orders worth Rs 220.31 crore from Canara Bank and Navodaya Vidyalaya Samiti. This includes an order worth Rs 163.12 crore for planning, designing, and execution of construction of the Head Office Annex Building for Canara Bank at Rachanahalli Village, Bengaluru.

NCC

The company received four orders worth Rs 1,237.24 crore in December 2025. Of these, Rs 704.67 crore pertains to the buildings division, while Rs 532.57 crore relates to the transportation division.

Great Eastern Shipping Company

The company has contracted to buy a second-hand medium-range tanker of about 51,565 DWT on December 31. The 2013 South Korea–built vessel is expected to join the company’s fleet in Q4 FY26.

Berger Paints India

Promoter UK Paints (India) has acquired a 14.48 percent stake in the company from Jenson &amp;amp; Nicholson (Asia) as part of a restructuring exercise, increasing its shareholding to 64.57 percent.

Hyundai Motor India

Unsoo Kim has resigned from the position of Managing Director &amp;amp; Director of Hyundai Motor India, effective December 31.

The company has received shareholders’ approval for the appointment of Tarun Garg as the new Managing Director &amp;amp; Chief Executive Officer, effective January 1, 2026.

Redington

The company has received an order from the CGST Gurugram Commissionerate, Gurugram, raising a demand of Rs 148.33 crore (including interest and penalty) for the financial years 2018–19, 2019–20, and 2021–22.

Blue Dart Express

The Commissioner of GST &amp;amp; Central Excise, Chennai, has substantially dropped the tax demand raised in the Show Cause Notice dated September 16, 2025, against the company’s subsidiary, Blue Dart Aviation.

Out of the total proposed demand of Rs 420.8 crore, Rs 420.13 crore has been set aside in respect of issues relating to the determination of place of supply and availment of input tax credit, after considering Blue Dart Aviation’s submissions.

The adjudicating authority has now revised the demand to Rs 64.98 lakh, along with interest of Rs 41.71 crore and a penalty of Rs 6.49 crore. The revised tax and interest have been voluntarily accepted and discharged by Blue Dart Aviation to avoid protracted litigation.

Adani Enterprises

The company’s subsidiaries, Adani Defence Systems and Technologies and Horizon Aero Solutions, have completed the acquisition of a 39 percent effective shareholding in Flight Simulation Technique Centre (FSTC) at an enterprise value of Rs 820 crore.

FSTC is a Directorate General of Civil Aviation (DGCA) and European Union Aviation Safety Agency (EASA)–approved pilot training organization that provides integrated flight training to pilots.

Ola Electric Mobility

Vishal Chaturvedi, Business Head – Cell, designated as Senior Management Personnel of the company, has resigned effective December 31 due to personal commitments.

Indian Railway Finance Corporation

The company has executed a Rupee Term Loan Agreement with Maharashtra State Power Generation Company (MAHAGENCO) for a sanctioned amount of Rs 5,000 crore, out of which Rs 3,000 crore has already been disbursed.

Take Solutions

Vedamirtham Venkatesan has resigned from the position of Whole-Time Director and Chief Financial Officer of the company, effective December 31.

Bulk Deals

Privi Speciality Chemicals

SBI Mutual Fund has picked up an additional 22.4 lakh shares (equivalent to 5.73 percent of the paid-up equity capital) in Privi Speciality Chemicals for Rs 634.8 crore at Rs 2,833.96 per share. The fund house, through its Multi Asset Allocation Fund, already held a 3.64 percent stake in the company as of September 2025.

Bhaumikbhai Kiritbhai Doshi also net bought 1.88 lakh shares at Rs 2,836.91 per share, amounting to Rs 53.39 crore. However, promoter entity Vivira Investment and Trading sold 36.28 lakh shares (9.28 percent stake) for Rs 1,029.8 crore at Rs 2,838 per share.

Ceigall India

HDFC Mutual Fund, through HDFC Balanced Advantage Fund (HDFCGR), bought 13.13 lakh shares (0.75 percent stake) in the infrastructure construction company at Rs 261 per share for Rs 34.28 crore. Meanwhile, Pine Oak Global Fund sold 14 lakh shares (0.8 percent stake) for Rs 36.5 crore at Rs 261.04 per share.

Vishnu Prakash R Punglia

The Pungalia family offloaded a 4.01 percent stake in Vishnu Prakash R Punglia for Rs 26.72 crore.

Pushpa Pungalia sold 15 lakh shares at Rs 53.40 per share for Rs 8.01 crore, Pushpa Devi Pungalia sold 15 lakh shares at Rs 53.20 per share for Rs 7.98 crore, Anil Pungalia sold 10 lakh shares at Rs 53.75 per share for Rs 5.37 crore, and Vijay Pungalia sold 10 lakh shares at Rs 53.62 per share for Rs 5.36 crore.

Meanwhile, Jaliyan Commodity acquired 13.46 lakh shares (1.08 percent stake) at Rs 52.58 per share for Rs 7.07 crore.

Block Deals

Swan Corp

Jupiter India Fund and The Jupiter Global Fund – Jupiter India Select acquired 15 lakh shares (0.47 percent stake) in Swan Corp for Rs 70.2 crore at Rs 468 per share. Jainam Broking was the seller in the deal, offloading 15 lakh shares at the same price.

Stock Trades Ex-Date for Rights

Avasara Finance

Privi Speciality Chemicals shares hit the lowest closing level since October 17.

shorts/business/sbi-mf-acquires-additional-6-stake-in-privi-speciality-promoters-sell-4-shares-in-vishnu-prakash-r-punglia

SBI Mutual Fund has acquired additional nearly 6 percent equity stake in Privi Speciality Chemicals, the aroma and fragrance chemicals manufacturer, while promoters offloaded more than 9 percent shares via open market transactions on December 31.

<a href="https://www.moneycontrol.com/india/stockpricequote/chemicals/privispecialitychemicals/HKF">Privi Speciality Chemicals</a> shares plunged 12.1 percent to Rs 2,804.4 (the lowest closing level since October 17) after gap-down opening on the NSE.

As per the bulk deals data, SBI Mutual Fund has picked up 22.4 lakh shares (equivalent to 5.73 percent of paid-up equity capital) for Rs 634.8 crore at Rs 2,833.96 per share. The fund house through its Multi Asset Allocation Fund already held 3.64 percent stake in Privi.

Bhaumikbhai Kiritbhai Doshi also net bought 1.88 lakh shares in the chemical company at Rs 2,836.91 per share, amounting to Rs 53.39 crore. However, promoter entity Vivira Investment and Trading sold 36.28 lakh shares (9.28 percent stake) for Rs 1,029.8 crore at Rs 2,838 per share.

<a href="https://www.moneycontrol.com/india/stockpricequote/construction-infrastructure/ceigallindia/CIL07">Ceigall India</a> has also seen brisk action, rising 0.21 percent to Rs 268.8. HDFC Mutual Fund through HDFC Balanced Advantage Fund (HDFCGR) has bought 13.13 lakh shares (0.75 percent stake) in the infrastructure construction company for Rs 261 per share at Rs 34.28 crore, however, Pine Oak Global Fund sold 14 lakh shares (0.8 percent stake) for Rs 36.5 crore at Rs 261.04 per share.

Pungalia family offloaded 4.01 percent stake in <a href="https://www.moneycontrol.com/india/stockpricequote/engineering-construction/vishnuprakashrpunglia/VPP01">Vishnu Prakash R Punglia</a>, the infrastructure development company, for Rs 26.72 crore. As a result, the stock corrected 4.81 percent to Rs 52.65, the all-time closing low. In last one year, the stock lost 85 percent from its record high of Rs 345.75 in December 2024.

Pushpa Pungalia sold 15 lakh shares in Vishnu Prakash R Punglia at Rs 53.4 per share for Rs 8.01 crore, Pushpa Devi Pungalia 15 lakh shares at Rs 53.2 per share for Rs 7.98 crore, Anil Punglia 10 lakh shares at Rs 53.75 per share for Rs 5.37 crore, and Vijay Punglia 10 lakh shares at Rs 53.62 per share for Rs 5.36 crore.

However, Jaliyan Commodity acquired 13.46 lakh shares (1.08 percent stake) in Vishnu Prakash R Punglia at Rs 52.58 per share for Rs 7.07 crore.

Jupiter India Fund, and The Jupiter Global Fund-Jupiter India Select acquired 15 lakh shares (0.47 percent stake) in <a href="https://www.moneycontrol.com/india/stockpricequote/trading/swancorp/SM09">Swan Corp</a> for Rs 70.2 crore at Rs 468 per share, however, Jainam Broking was the seller in this deal, offloading 15 lakh shares at same price. The stock was down 0.5 percent to Rs 468.85.

SBI MF acquires additional 6% stake in Privi Speciality, promoters sell 4% shares in Vishnu Prakash R Punglia

SBI Mutual Fund has acquired additional nearly 6 percent equity stake in Privi Speciality Chemicals, the aroma and fragrance chemicals manufacturer, while promoters offloaded more than 9 percent shares via open market transactions on December 31.

Privi Speciality Chemicals shares plunged 12.1 percent to Rs 2,804.4 (the lowest closing level since October 17) after gap-down opening on the NSE.

As per the bulk deals data, SBI Mutual Fund has picked up 22.4 lakh shares (equivalent to 5.73 percent of paid-up equity capital) for Rs 634.8 crore at Rs 2,833.96 per share. The fund house through its Multi Asset Allocation Fund already held 3.64 percent stake in Privi.

Bhaumikbhai Kiritbhai Doshi also net bought 1.88 lakh shares in the chemical company at Rs 2,836.91 per share, amounting to Rs 53.39 crore. However, promoter entity Vivira Investment and Trading sold 36.28 lakh shares (9.28 percent stake) for Rs 1,029.8 crore at Rs 2,838 per share.

Ceigall India has also seen brisk action, rising 0.21 percent to Rs 268.8. HDFC Mutual Fund through HDFC Balanced Advantage Fund (HDFCGR) has bought 13.13 lakh shares (0.75 percent stake) in the infrastructure construction company for Rs 261 per share at Rs 34.28 crore, however, Pine Oak Global Fund sold 14 lakh shares (0.8 percent stake) for Rs 36.5 crore at Rs 261.04 per share.

Pungalia family offloaded 4.01 percent stake in Vishnu Prakash R Punglia, the infrastructure development company, for Rs 26.72 crore. As a result, the stock corrected 4.81 percent to Rs 52.65, the all-time closing low. In last one year, the stock lost 85 percent from its record high of Rs 345.75 in December 2024.

Pushpa Pungalia sold 15 lakh shares in Vishnu Prakash R Punglia at Rs 53.4 per share for Rs 8.01 crore, Pushpa Devi Pungalia 15 lakh shares at Rs 53.2 per share for Rs 7.98 crore, Anil Punglia 10 lakh shares at Rs 53.75 per share for Rs 5.37 crore, and Vijay Punglia 10 lakh shares at Rs 53.62 per share for Rs 5.36 crore.

However, Jaliyan Commodity acquired 13.46 lakh shares (1.08 percent stake) in Vishnu Prakash R Punglia at Rs 52.58 per share for Rs 7.07 crore.

Jupiter India Fund, and The Jupiter Global Fund-Jupiter India Select acquired 15 lakh shares (0.47 percent stake) in Swan Corp for Rs 70.2 crore at Rs 468 per share, however, Jainam Broking was the seller in this deal, offloading 15 lakh shares at same price. The stock was down 0.5 percent to Rs 468.85.

Vodafone Idea shares fell over 11% despite AGR relief package approval, Cabinet approved 5-year moratorium, freezing AGR dues worth Rs 87,695 crore., Shares dropped as no waiver was announced, only a rescheduling of payments

* Vodafone Idea shares fell over 11% despite AGR relief package approval
* Cabinet approved 5-year moratorium, freezing AGR dues worth Rs 87,695 crore.
* Shares dropped as no waiver was announced, only a rescheduling of payments

Vodafone Idea shares fell over 11% on December 31 despite the Union Cabinet approving a 5-year AGR dues moratorium. Investors were disappointed by the lack of a waiver, leading to the drop, even as the government became the largest shareholder earlier this year.

shorts/business/vodafone-idea-agr-dues-here-s-why-telco-s-shares-fell-11-despite-likely-relief-from-cabinet

* Vodafone Idea shares fell over 11% despite AGR relief package approval
* Cabinet approved 5-year moratorium, freezing AGR dues worth Rs 87,695 crore.
* Shares dropped as no waiver was announced, only a rescheduling of payments

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/telecommunication-service-provider/vodafoneidea/IC8">Vodafone Idea</a> (Vi) dropped more than 11 percent on December 31, ending the session and the year 2025 in the red. This came despite the Union Cabinet approving an AGR relief package for the telecom giant.

The AGR relief package was expected to have acted as a positive for the shares of Vodafone Idea, which saw a significant surge recently amid these expectations. However, the shares sharply declined after the news reports of Cabinet’s approval emerged.
<h3>Cabinet likely approves Vodafone Idea's AGR relief package:</h3>
The Union Cabinet has approved an adjusted gross revenue (AGR) relief package for Vodafone Idea, sources told <a href="https://www.moneycontrol.com/news/business/vodafone-agr-dues-cabinet-likely-to-have-approved-relief-telco-gets-5-year-moratorium-reports-cnbc-awaaz-13751005.html">Moneycontrol</a>. The government has given its nod for a 5-year moratorium on the AGR dues of the telecom giant, they added.

A DoT committee will be formed to give relief to the telco by recalculating and revaluating the AGR dues, including considering interest and penalty reversal if any, the government sources said, adding that the committee may reassess the frozen AGR dues based on audit reports.

The Cabinet approved the freezing of Vodafone Idea's AGR dues worth Rs 87,695 crore, whose payment is now being rescheduled to FY32-FY41, they added. AGR dues of FY18 and FY19 shall be payable by the company over the next five years, the sources said.
<h3>Why Vodafone Idea shares fell?</h3>
Despite the approval which was expected to act as a positive for the stock, Vodafone Idea shares may have fallen due to no announcement on a possible waiver, as requested by the telco.

"The 5-year moratorium gives the company recovery time. The street anticipated a waiver of some sort, but that has not happened," said Vinit Bolinjkar, head of research at Ventura Securities.

Vodafone Idea has been struggling with dues. The debt-laden operator has repeatedly warned it cannot survive without funding support, as banks remain wary of lending given its financial stress. Vi employs over 18,000 people and has nearly 198 million subscribers.

In September, Vodafone Idea had sought a waiver of penalty and interest on an AGR demand worth Rs 9,450 crore raised by the Department of Telecommunications (DoT), arguing that much of it pertained to the pre-FY17 period already settled by the apex court in 2020. Out of this amount, Rs 2,774 crore relates to post-merger liabilities of Vodafone Idea, while Rs 5,675 crore pertains to pre-merger dues of the Vodafone Group.

Few weeks ago, the Supreme Court allowed the government to comprehensively reassess and reconcile all dues of the debt-ridden telecom company, including interest and penalties, up to FY17. This was seen as a major relief for the financially stressed operator.

The government became the largest shareholder in Vodafone Idea in March this year after converting dues worth Rs 36,950 crore into equity, taking its stake to nearly 49 percent. Earlier, in 2023, the Centre had picked up a 33 percent stake in lieu of statutory dues exceeding Rs 16,000 crore.
<h3>Vodafone Idea share price:</h3>
Vodafone Idea shares have <a href="https://www.moneycontrol.com/news/business/markets/vodafone-idea-shares-tumble-20-from-day-s-high-after-telco-likely-got-5-year-moratorium-on-rs-87-695-crore-agr-dues-13751105.html">fallen around 12 percent</a> in the past five days, but gained over 7 percent in the past one month to close at Rs 10.67 apiece on December 31. The stock gained around 44 percent in the past six months.

The shares of the telecom major rose more than 33 percent in 2025.

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.

Vodafone Idea AGR dues: Here's why telco's shares fell 11% despite likely relief from Cabinet

The shares of Vodafone Idea (Vi) dropped more than 11 percent on December 31, ending the session and the year 2025 in the red. This came despite the Union Cabinet approving an AGR relief package for the telecom giant.

The AGR relief package was expected to have acted as a positive for the shares of Vodafone Idea, which saw a significant surge recently amid these expectations. However, the shares sharply declined after the news reports of Cabinet’s approval emerged.
Cabinet likely approves Vodafone Idea's AGR relief package:
The Union Cabinet has approved an adjusted gross revenue (AGR) relief package for Vodafone Idea, sources told Moneycontrol. The government has given its nod for a 5-year moratorium on the AGR dues of the telecom giant, they added.

A DoT committee will be formed to give relief to the telco by recalculating and revaluating the AGR dues, including considering interest and penalty reversal if any, the government sources said, adding that the committee may reassess the frozen AGR dues based on audit reports.

The Cabinet approved the freezing of Vodafone Idea's AGR dues worth Rs 87,695 crore, whose payment is now being rescheduled to FY32-FY41, they added. AGR dues of FY18 and FY19 shall be payable by the company over the next five years, the sources said.
Why Vodafone Idea shares fell?
Despite the approval which was expected to act as a positive for the stock, Vodafone Idea shares may have fallen due to no announcement on a possible waiver, as requested by the telco.

&quot;The 5-year moratorium gives the company recovery time. The street anticipated a waiver of some sort, but that has not happened,&quot; said Vinit Bolinjkar, head of research at Ventura Securities.

Vodafone Idea has been struggling with dues. The debt-laden operator has repeatedly warned it cannot survive without funding support, as banks remain wary of lending given its financial stress. Vi employs over 18,000 people and has nearly 198 million subscribers.

In September, Vodafone Idea had sought a waiver of penalty and interest on an AGR demand worth Rs 9,450 crore raised by the Department of Telecommunications (DoT), arguing that much of it pertained to the pre-FY17 period already settled by the apex court in 2020. Out of this amount, Rs 2,774 crore relates to post-merger liabilities of Vodafone Idea, while Rs 5,675 crore pertains to pre-merger dues of the Vodafone Group.

Few weeks ago, the Supreme Court allowed the government to comprehensively reassess and reconcile all dues of the debt-ridden telecom company, including interest and penalties, up to FY17. This was seen as a major relief for the financially stressed operator.

The government became the largest shareholder in Vodafone Idea in March this year after converting dues worth Rs 36,950 crore into equity, taking its stake to nearly 49 percent. Earlier, in 2023, the Centre had picked up a 33 percent stake in lieu of statutory dues exceeding Rs 16,000 crore.
Vodafone Idea share price:
Vodafone Idea shares have fallen around 12 percent in the past five days, but gained over 7 percent in the past one month to close at Rs 10.67 apiece on December 31. The stock gained around 44 percent in the past six months.

The shares of the telecom major rose more than 33 percent in 2025.

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.

Vodafone Idea shares dropped 11.5% after Cabinet's AGR relief approval reports., Cabinet approved 5-year moratorium on Vodafone Idea's AGR dues of Rs 87,695 crore, Shares fell as investors anticipated a waiver but only received a moratorium.

* Vodafone Idea shares dropped 11.5% after Cabinet's AGR relief approval reports.
* Cabinet approved 5-year moratorium on Vodafone Idea's AGR dues of Rs 87,695 crore
* Shares fell as investors anticipated a waiver but only received a moratorium.

Vodafone Idea shares fell over 11.5% after reports of Cabinet approval for an AGR relief package with a 5-year moratorium, but no waiver. Investors expected more, causing the drop. The government now holds nearly 49% stake in the debt-laden telco.

shorts/business/vodafone-idea-shares-tumble-20-from-day-s-high-after-telco-likely-got-5-year-moratorium-on-rs-87-695-crore-agr-dues

* Vodafone Idea shares dropped 11.5% after Cabinet's AGR relief approval reports.
* Cabinet approved 5-year moratorium on Vodafone Idea's AGR dues of Rs 87,695 crore
* Shares fell as investors anticipated a waiver but only received a moratorium.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/telecommunication-service-provider/vodafoneidea/IC8">Vodafone Idea</a> tumbled over 11.5 percent after media reports claimed that the Union Cabinet has approved an adjusted gross revenue (AGR) relief package for the telecom giant.

Earlier during the day, the shares of the company dropped 15 percent to hit an intraday low of Rs 10.25 apiece. This came after the stock jumped more than 6 percent to hit a fresh 52-week high of Rs 12.8 apiece.

The shares of the company ended the session and the year at Rs 10.67 apiece.
<h3>Cabinet reportedly approves AGR relief package:</h3>
The Union Cabinet has <a href="https://www.moneycontrol.com/news/business/vodafone-agr-dues-cabinet-likely-to-have-approved-relief-telco-gets-5-year-moratorium-reports-cnbc-awaaz-13751005.html">approved an adjusted gross revenue (AGR) relief package</a> for Vodafone Idea, sources told Moneycontrol. The government has given its nod for a 5-year moratorium on the AGR dues of the telecom giant, they added.

A DoT committee will be formed to give relief to the telco by recalculating and revaluating the AGR dues, including considering interest and penalty reversal if any, the government sources said.

The Cabinet has approved the freezing of Vodafone Idea's AGR dues worth Rs 87,695 crore, whose payment is now being rescheduled to FY32-FY41, they added. AGR dues of FY18 and FY19 shall be payable by the company over the next five years, the sources said.

The frozen AGR dues may be reassessed by DoT based on audit reports, the people familiar with the matter said.
<h3>Vodafone Idea dues:</h3>
Vodafone Idea has been struggling with dues. The debt-laden operator has repeatedly warned it cannot survive without funding support, as banks remain wary of lending given its financial stress. Vi employs over 18,000 people and has nearly 198 million subscribers.

Few weeks ago, the Supreme Court allowed the government to comprehensively reassess and reconcile all dues of the debt-ridden telecom company, including interest and penalties, up to FY17. This was seen as a major relief for the financially stressed operator.

In September, Vodafone Idea had sought a waiver of penalty and interest on an AGR demand worth Rs 9,450 crore raised by the Department of Telecommunications (DoT), arguing that much of it pertained to the pre-FY17 period already settled by the apex court in 2020. Out of this amount, Rs 2,774 crore relates to post-merger liabilities of Vodafone Idea, while Rs 5,675 crore pertains to pre-merger dues of the Vodafone Group.

The government became the largest shareholder in Vodafone Idea in March this year after converting dues worth Rs 36,950 crore into equity, taking its stake to nearly 49 percent. Earlier, in 2023, the Centre had picked up a 33 percent stake in lieu of statutory dues exceeding Rs 16,000 crore.
<h3>Why are Vodafone Idea shares falling?</h3>
The AGR relief package was expected to have acted as a positive for the shares of Vodafone Idea, which has seen a significant surge recently amid these expectations. However, the shares sharply declined after the news reports of Cabinet’s approval emerged.

"The 5-year moratorium gives the company recovery time. The street anticipated a waiver of some sort, but that has not happened," said Vinit Bolinjkar, head of research at Ventura Securities.
<h3>Vodafone Idea share price:</h3>
Vodafone Idea shares have fallen around 12 percent in the past five days, but gained over 7 percent in the past one month. The stock gained around 44 percent in the past six months.

The shares of the telecom major rose more than 33 percent in 2025.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-flat-opening-us-markets-fall-liveblog-13749935.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.

Vodafone Idea shares drop 11% after telco likely got 5-year moratorium on Rs 87,695-crore AGR dues

Vodafone Idea share price drops 11% after telco likely got 5-year moratorium on Rs 87,695-crore AGR dues

The shares of Vodafone Idea tumbled over 11.5 percent after media reports claimed that the Union Cabinet has approved an adjusted gross revenue (AGR) relief package for the telecom giant.

Earlier during the day, the shares of the company dropped 15 percent to hit an intraday low of Rs 10.25 apiece. This came after the stock jumped more than 6 percent to hit a fresh 52-week high of Rs 12.8 apiece.

The shares of the company ended the session and the year at Rs 10.67 apiece.
Cabinet reportedly approves AGR relief package:
The Union Cabinet has approved an adjusted gross revenue (AGR) relief package for Vodafone Idea, sources told Moneycontrol. The government has given its nod for a 5-year moratorium on the AGR dues of the telecom giant, they added.

A DoT committee will be formed to give relief to the telco by recalculating and revaluating the AGR dues, including considering interest and penalty reversal if any, the government sources said.

The Cabinet has approved the freezing of Vodafone Idea's AGR dues worth Rs 87,695 crore, whose payment is now being rescheduled to FY32-FY41, they added. AGR dues of FY18 and FY19 shall be payable by the company over the next five years, the sources said.

The frozen AGR dues may be reassessed by DoT based on audit reports, the people familiar with the matter said.
Vodafone Idea dues:
Vodafone Idea has been struggling with dues. The debt-laden operator has repeatedly warned it cannot survive without funding support, as banks remain wary of lending given its financial stress. Vi employs over 18,000 people and has nearly 198 million subscribers.

Few weeks ago, the Supreme Court allowed the government to comprehensively reassess and reconcile all dues of the debt-ridden telecom company, including interest and penalties, up to FY17. This was seen as a major relief for the financially stressed operator.

In September, Vodafone Idea had sought a waiver of penalty and interest on an AGR demand worth Rs 9,450 crore raised by the Department of Telecommunications (DoT), arguing that much of it pertained to the pre-FY17 period already settled by the apex court in 2020. Out of this amount, Rs 2,774 crore relates to post-merger liabilities of Vodafone Idea, while Rs 5,675 crore pertains to pre-merger dues of the Vodafone Group.

The government became the largest shareholder in Vodafone Idea in March this year after converting dues worth Rs 36,950 crore into equity, taking its stake to nearly 49 percent. Earlier, in 2023, the Centre had picked up a 33 percent stake in lieu of statutory dues exceeding Rs 16,000 crore.
Why are Vodafone Idea shares falling?
The AGR relief package was expected to have acted as a positive for the shares of Vodafone Idea, which has seen a significant surge recently amid these expectations. However, the shares sharply declined after the news reports of Cabinet’s approval emerged.

&quot;The 5-year moratorium gives the company recovery time. The street anticipated a waiver of some sort, but that has not happened,&quot; said Vinit Bolinjkar, head of research at Ventura Securities.
Vodafone Idea share price:
Vodafone Idea shares have fallen around 12 percent in the past five days, but gained over 7 percent in the past one month. The stock gained around 44 percent in the past six months.

The shares of the telecom major rose more than 33 percent in 2025.

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.

Midcap and smallcap indices rose up to 1 percent, snapping recent losing streaks, Steel Authority of India rose 5% after safeguard duty on certain steel imports., Sensex and Nifty rebounded, gaining 0.45 percent and 0.54 percent respectively

* Midcap and smallcap indices rose up to 1 percent, snapping recent losing streaks
* Steel Authority of India rose 5% after safeguard duty on certain steel imports.
* Sensex and Nifty rebounded, gaining 0.45 percent and 0.54 percent respectively

Mid- and small-cap indices outperformed benchmarks, rising up to 1% as broad-based buying ended recent losing streaks. Gains were led by steel and energy stocks after a new safeguard duty on steel imports boosted expectations for domestic producers.

shorts/business/mid-smallcap-indies-outperform-benchmarks-rise-up-to-1pc-hindustan-petroleum-ircon-pcbl-rise-up-to-7pc

* Midcap and smallcap indices rose up to 1 percent, snapping recent losing streaks
* Steel Authority of India rose 5% after safeguard duty on certain steel imports.
* Sensex and Nifty rebounded, gaining 0.45 percent and 0.54 percent respectively

The mid-, small-cap segment outperformed the benchmark indices on Wednesday, rising up to 1 percent amid broad-based buying in the final session of the calendar year 2025.

The Nifty Midcap 100 index snapped its four-session losing streak to gain up to 1 percent. The index had declined about 1.5 percent in the previous four sessions.

<a href="https://www.moneycontrol.com/india/stockpricequote/steel-large/steelauthorityindia/SAI" target="_blank">Steel Authority of India</a> led the gains in the midcap space, rising over 5 percent after the government announced a three-year safeguard duty of up to 12 percent on select steel imports, <a href="https://www.moneycontrol.com/news/business/stocks/steel-stocks-rally-tata-steel-jsw-steel-jindal-steel-gain-2-3-after-safeguard-duty-lifts-sentiment-13750114.html" target="_blank">raising expectations of better pricing support for domestic producers</a>.

Hindustan Petroleum Corporation and Oil India followed, rising 4.58 percent and 3.93 percent, respectively, around noon.

Godfrey Phillips India, Coromandel International, Indian Bank and Indian Renewable Energy Development Agency were among other gainers in the midcap segment, advancing up to 3 percent.

Ajit Mishra – SVP, Research at Religare Broking, said "This is the continuation of the rebound which we have been seeing in recent weeks, however, sustainability would be key, citing the similar rebounds have fizzled out in the past, especially in the small-cap space."

The Nifty Smallcap 100 index also snapped a three-day losing streak to recover all its losses and rise up to 1 percent, after declining over 1 percent in the previous three sessions.

<a href="https://www.moneycontrol.com/india/stockpricequote/carbon-black/pcblchemical/PCB01" target="_blank">PCBL Chemical</a> led the smallcap gains, rising about 7 percent.

Other smallcap gainers included IFCI, Deepak Fertilisers and Petrochemicals Corporation, Mangalore Refinery and Petrochemicals, and NCC, which rose up to 6 percent.

The broader market outperformed the benchmarks as the Sensex and Nifty rebounded on Wednesday, snapping their recent losing streaks, with buying interest seen in metal stocks following the government’s decision to impose a three-year safeguard duty on select steel imports.

The Sensex climbed 384.45 points, or 0.45 percent to 85,059.53, while the Nifty rose 139.20 points, or 0.54 percent to 26,078.05 around noon, after five days of decline.

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.

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.

Mid-, small-cap indices outperform benchmarks, rise up to 1%; HPCL, Ircon, PCBL rise up to 7%

The mid-, small-cap segment outperformed the benchmark indices on Wednesday, rising up to 1 percent amid broad-based buying in the final session of the calendar year 2025.

The Nifty Midcap 100 index snapped its four-session losing streak to gain up to 1 percent. The index had declined about 1.5 percent in the previous four sessions.

Steel Authority of India led the gains in the midcap space, rising over 5 percent after the government announced a three-year safeguard duty of up to 12 percent on select steel imports, raising expectations of better pricing support for domestic producers.

Hindustan Petroleum Corporation and Oil India followed, rising 4.58 percent and 3.93 percent, respectively, around noon.

Godfrey Phillips India, Coromandel International, Indian Bank and Indian Renewable Energy Development Agency were among other gainers in the midcap segment, advancing up to 3 percent.

Ajit Mishra – SVP, Research at Religare Broking, said &quot;This is the continuation of the rebound which we have been seeing in recent weeks, however, sustainability would be key, citing the similar rebounds have fizzled out in the past, especially in the small-cap space.&quot;

The Nifty Smallcap 100 index also snapped a three-day losing streak to recover all its losses and rise up to 1 percent, after declining over 1 percent in the previous three sessions.

PCBL Chemical led the smallcap gains, rising about 7 percent.

Other smallcap gainers included IFCI, Deepak Fertilisers and Petrochemicals Corporation, Mangalore Refinery and Petrochemicals, and NCC, which rose up to 6 percent.

The broader market outperformed the benchmarks as the Sensex and Nifty rebounded on Wednesday, snapping their recent losing streaks, with buying interest seen in metal stocks following the government’s decision to impose a three-year safeguard duty on select steel imports.

The Sensex climbed 384.45 points, or 0.45 percent to 85,059.53, while the Nifty rose 139.20 points, or 0.54 percent to 26,078.05 around noon, after five days of decline.

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

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Vodafone Idea AGR dues: Here's why telco's shares fell 11% despite likely relief from Cabinet

Vodafone Idea shares drop 11% after telco likely got 5-year moratorium on Rs 87,695-crore AGR dues

Mid-, small-cap indices outperform benchmarks, rise up to 1%; HPCL, Ircon, PCBL rise up to 7%

Compressors / Pumps Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Compressors / Pumps industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q3 FY25-26

Stock News

Stocks to Watch Today: Jindal Poly Films, NBCC, NCC, Berger Paints, Hyundai Motor India, Blue Dart, Adani Enterprises in focus on 1 January

SBI MF acquires additional 6% stake in Privi Speciality, promoters sell 4% shares in Vishnu Prakash R Punglia

Vodafone Idea AGR dues: Here's why telco's shares fell 11% despite likely relief from Cabinet

Vodafone Idea shares drop 11% after telco likely got 5-year moratorium on Rs 87,695-crore AGR dues

Mid-, small-cap indices outperform benchmarks, rise up to 1%; HPCL, Ircon, PCBL rise up to 7%

Compressors / Pumps Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Compressors / Pumps industry stocks.