< -5%

Popular Estate

-5% to -3%

HM Electro Mech

Mega Nirman

-3% to 0%

Giriraj Civil D

VSF Projects

Mayasheel Vent

Techno Electric

Oval Projects

Sattva Engineer

Globe Civil Pro

Ircon Internati

Larsen

Shashijit Infra

Goel Constructi

0% to 3%

Gayatri Highway

Winsol Engineer

GRANDOAK

3% to 5%

Lakshya Power

Madhav Infra Pr

Epack Prefab

Polycab and KEI shares drop 7.5% due to rising copper prices., Copper prices surged after strong economic data from China., Wire and cable makers face headwinds due to commodity volatility.

* Polycab and KEI shares drop 7.5% due to rising copper prices.
* Copper prices surged after strong economic data from China.
* Wire and cable makers face headwinds due to commodity volatility.

Shares of Polycab and KEI Industries fell up to 7.5% amid rising copper prices, a key raw material. Copper futures surged after strong Chinese economic data. Analysts warn of near-term headwinds for wire and cable makers due to commodity volatility.

shorts/business/polycab-kei-industries-shares-decline-up-to-6-on-rising-copper-prices

* Polycab and KEI shares drop 7.5% due to rising copper prices.
* Copper prices surged after strong economic data from China.
* Wire and cable makers face headwinds due to commodity volatility.

Shares of wire and cable makers Polycab and KEI Industries declined up to 6 percent in Tuesday’s trade amid a rise in copper prices.

Shares of <a href="https://www.moneycontrol.com/india/stockpricequote/cables-powerothers/keiindustries/KEI">KEI Industries</a> touched an intraday low of Rs 4,429 per share on the NSE, down 7.53 percent and at a one-month low. The stock has declined for the last two trading sessions. It later settled at Rs 4,554 per share, lower by 4.92 percent.

Meanwhile, shares of <a href="https://www.moneycontrol.com/india/stockpricequote/cables-powerothers/polycabindia/PI44">Polycab</a> fell 6.62 percent to an intraday low of Rs 7,684 per share on the NSE. The stock has been declining for the last three trading sessions and is down nearly 10 percent during the period. It settled at Rs 7,725 per share, down 6.12 percent.

The decline comes as copper, a key raw material used in the manufacture of wires and cables, moved higher.

According to Informist, the futures contracts of copper on the London Metal Exchange rose on Tuesday following better-than-expected economic data from China, the top consumer of the metal. Sentiment was also supported by dip-buying by Chinese investors after weakness in the previous session.

In an interaction with CNBC-TV18 on Tuesday, Renu Baid Pugalia of IIFL Capital said the cables and wires segment may face near-term headwinds amid concerns around volume growth. She added that channel stocking and commodity volatility are also weighing on the stocks.

Polycab’s management had earlier said copper accounts for 50-60 percent of its overall raw material costs. Prices had surged in the third quarter when global copper prices hit a record high. The company has passed on the increase, which may help margins recover in the ongoing fourth quarter.

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.

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Polycab, KEI Industries shares decline up to 6% on rising copper prices

Shares of wire and cable makers Polycab and KEI Industries declined up to 6 percent in Tuesday’s trade amid a rise in copper prices.

Shares of KEI Industries touched an intraday low of Rs 4,429 per share on the NSE, down 7.53 percent and at a one-month low. The stock has declined for the last two trading sessions. It later settled at Rs 4,554 per share, lower by 4.92 percent.

Meanwhile, shares of Polycab fell 6.62 percent to an intraday low of Rs 7,684 per share on the NSE. The stock has been declining for the last three trading sessions and is down nearly 10 percent during the period. It settled at Rs 7,725 per share, down 6.12 percent.

The decline comes as copper, a key raw material used in the manufacture of wires and cables, moved higher.

According to Informist, the futures contracts of copper on the London Metal Exchange rose on Tuesday following better-than-expected economic data from China, the top consumer of the metal. Sentiment was also supported by dip-buying by Chinese investors after weakness in the previous session.

In an interaction with CNBC-TV18 on Tuesday, Renu Baid Pugalia of IIFL Capital said the cables and wires segment may face near-term headwinds amid concerns around volume growth. She added that channel stocking and commodity volatility are also weighing on the stocks.

Polycab’s management had earlier said copper accounts for 50-60 percent of its overall raw material costs. Prices had surged in the third quarter when global copper prices hit a record high. The company has passed on the increase, which may help margins recover in the ongoing fourth quarter.

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.

Redington shares jumped over 15 percent after Apple news., Apple now makes about 25 percent of its iPhones in India., Apple boosted iPhone production in India by 53% last year.

* Redington shares jumped over 15 percent after Apple news.
* Apple now makes about 25 percent of its iPhones in India.
* Apple boosted iPhone production in India by 53% last year.

Redington shares jumped over 15% after reports that Apple now manufactures about 25% of its iPhones in India, boosting Redington’s stock and ending a five-session losing streak. Apple’s expanded production aims to reduce reliance on China amid US tariffs.

shorts/business/redington-shares-rise-13-on-apple-production-boost-in-india

* Redington shares jumped over 15 percent after Apple news.
* Apple now makes about 25 percent of its iPhones in India.
* Apple boosted iPhone production in India by 53% last year.

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-hardware/redington/RI37">Redington</a> shares rose more than 15 percent on Tuesday after a news report said Apple now manufactures about a quarter of its iPhones in India.

The stock also snapped a five-session losing streak.

Shares of the company touched an intraday high of Rs 268.5 per share on the NSE, up 15.56 percent from the previous close. The stock opened 2.41 percent higher.

The shares later settled at Rs 257.4 apiece on the NSE, up 10.78 per cent.

According to a report by Bloomberg, Apple increased iPhone production in India by about 53 percent last year and now makes around 25 percent of the devices in the country.

Apple is a client of Redington and has maintained a long-term partnership with the company. Their relationship goes back to 2007, when Redington signed a distribution agreement to handle Apple products in India. Since then, Redington has been responsible for managing logistics, warehousing, and distribution, supplying Apple products to resellers and retailers across regions including India, the Middle East, Turkey, Africa, and South Asia.
<h3><a href="https://www.moneycontrol.com/news/business/apple-now-makes-about-25-of-iphones-in-india-after-china-pivot-13855373.html" target="_blank">Apple now makes about 25% of iPhones in India after China pivot</a></h3>
Apple assembled about 55 million iPhones in India in 2025, up from 36 million units a year earlier, the report said, citing sources.

The expansion reflects the company’s efforts to diversify manufacturing and reduce exposure to tariffs on shipments from China.

Apple has accelerated its expansion in India with support from the government’s production-linked incentive scheme.

Shipments from China have faced challenges due to US tariffs imposed amid the trade tensions between the two countries. The levies have pushed Apple and its suppliers to shift a larger share of devices meant for the US market to alternative manufacturing locations.

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.

Redington shares surge up to 15% as report says 25% of iPhones are made in India

Redington shares rose more than 15 percent on Tuesday after a news report said Apple now manufactures about a quarter of its iPhones in India.

The stock also snapped a five-session losing streak.

Shares of the company touched an intraday high of Rs 268.5 per share on the NSE, up 15.56 percent from the previous close. The stock opened 2.41 percent higher.

The shares later settled at Rs 257.4 apiece on the NSE, up 10.78 per cent.

According to a report by Bloomberg, Apple increased iPhone production in India by about 53 percent last year and now makes around 25 percent of the devices in the country.

Apple is a client of Redington and has maintained a long-term partnership with the company. Their relationship goes back to 2007, when Redington signed a distribution agreement to handle Apple products in India. Since then, Redington has been responsible for managing logistics, warehousing, and distribution, supplying Apple products to resellers and retailers across regions including India, the Middle East, Turkey, Africa, and South Asia.
Apple now makes about 25% of iPhones in India after China pivot
Apple assembled about 55 million iPhones in India in 2025, up from 36 million units a year earlier, the report said, citing sources.

The expansion reflects the company’s efforts to diversify manufacturing and reduce exposure to tariffs on shipments from China.

Apple has accelerated its expansion in India with support from the government’s production-linked incentive scheme.

Shipments from China have faced challenges due to US tariffs imposed amid the trade tensions between the two countries. The levies have pushed Apple and its suppliers to shift a larger share of devices meant for the US market to alternative manufacturing locations.

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.

Park Medi World shares climbed to a fresh high in Tuesday’s trading session after the company announced plans to launch a new hospital and expand capacity at its Mohali facility.

The stock touched a 52-week high of Rs 208.72 per share on the NSE, up 3.46 percent.

The gains came after the board of Park Medi World, at its meeting held on March 10, 2026, approved the launch of a multi-speciality hospital at Panchkula on March 29, 2026.

The board also approved the addition of 150 beds at Grecian Super Speciality Hospital in Mohali, taking the total bed capacity to 500 from the existing 350. The Mohali hospital is run and operated by RGS Healthcare, a subsidiary of the company.

<a href="https://www.moneycontrol.com/news/business/ipo/park-medi-world-shares-make-weak-market-debut-list-at-4-discount-to-ipo-price-on-bse-13729198.html" target="_blank">Park Medi World made its market debut in December 2025</a>, listing at Rs 155.60 per share on the BSE.

The company launched its IPO to raise Rs 920 crore through a fresh issue of 4.75 crore shares worth Rs 770 crore and an offer for sale (OFS) of shares worth Rs 150 crore by promoter Ajit Gupta. The IPO had a price band of Rs 154-162 per shares.

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.

Park Medi World shares climb to fresh high on expansion announcement

Park Medi World shares climbed to a fresh high in Tuesday’s trading session after the company announced plans to launch a new hospital and expand capacity at its Mohali facility.

The stock touched a 52-week high of Rs 208.72 per share on the NSE, up 3.46 percent.

The gains came after the board of Park Medi World, at its meeting held on March 10, 2026, approved the launch of a multi-speciality hospital at Panchkula on March 29, 2026.

The board also approved the addition of 150 beds at Grecian Super Speciality Hospital in Mohali, taking the total bed capacity to 500 from the existing 350. The Mohali hospital is run and operated by RGS Healthcare, a subsidiary of the company.

Park Medi World made its market debut in December 2025, listing at Rs 155.60 per share on the BSE.

The company launched its IPO to raise Rs 920 crore through a fresh issue of 4.75 crore shares worth Rs 770 crore and an offer for sale (OFS) of shares worth Rs 150 crore by promoter Ajit Gupta. The IPO had a price band of Rs 154-162 per shares.

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.

Stocks in Focus on March 10: Power Grid Corporation of India, Dixon Technologies, Lemon Tree Hotels, Bajaj Finserv, Torrent Power, Anthem Biosciences

* Stocks in Focus on March 10: Power Grid Corporation of India, Dixon Technologies, Lemon Tree Hotels, Bajaj Finserv, Torrent Power, Anthem Biosciences

shorts/business/stocks-to-watch-today-hyundai-motor-vishal-mega-mart-minda-corp-solex-energy-hinduja-global-solutions-dixon-technologies-in-focus-on-10-march

Let's catch up on the latest news from the stock market. From significant investments to major deals, fund raising, and order wins, here’s a quick look at which stocks will be in focus in today's trade:

Stocks to Watch

Six New Stocks in F&amp;O

The National Stock Exchange of India has announced the inclusion of six stocks—<a href="https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/adanipower/AP11">Adani Power</a>, <a href="https://www.moneycontrol.com/india/stockpricequote/ship-building/cochinshipyard/CS">Cochin Shipyard</a>, <a href="https://www.moneycontrol.com/india/stockpricequote/automobile-passenger-cars/hyundaimotorindia/HMI01">Hyundai Motor India</a>, <a href="https://www.moneycontrol.com/india/stockpricequote/finance-general/motilaloswalfinancialservices/MOF01">Motilal Oswal Financial Services</a>, <a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/nipponlifeindiaassetmanagement/RNL">Nippon Life India Asset Management</a>, and <a href="https://www.moneycontrol.com/india/stockpricequote/householdpersonal-products/vishalmegamart/VMML">Vishal Mega Mart</a>—in the F&amp;O segment, effective April 1.

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries/mindacorporation/MC23">Minda Corporation</a>

The company's subsidiary, Spark Minda Green Mobility Systems, has signed a Joint Venture Agreement with the United Kingdom–based Turntide Drives for the development and manufacturing of advanced next-generation motor controllers, axial flux motors, pumps for thermal applications, and other customized controllers primarily tailored for EV segment.

The joint venture will operate through the incorporation of a new entity in India by Spark Minda Green Mobility Systems, with shareholding in a 49:51 ratio.

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/solexenergy/SE20">Solex Energy</a>

The company has received approval for capacity addition under the Approved List of Models and Manufacturers (ALMM) issued by the Ministry of New and Renewable Energy.

According to the latest MNRE update, the company’s manufacturing facility located in Tadkeshwar, Surat, has been listed with an enlisted solar PV module manufacturing capacity of 3,782 MW (3.78 GW) per year, reflecting the company’s continued expansion and commitment to strengthening domestic solar manufacturing.

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/hindujaglobalsolutions/HGS01">Hinduja Global Solutions</a>

OneOTT Intertainment, the broadband vertical of Hinduja Global Solutions, has signed a Memorandum of Understanding (MoU) with the State Transformation Commission, Government of Uttar Pradesh, for the rollout of Project GANGA (Government Assisted Network for Growth &amp; Advancement), a large-scale digital inclusion initiative in the state.

<a href="https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/powergridcorporationindia/PGC">Power Grid Corporation of India</a>

The board has approved raising funds of up to Rs 5,000 crore through an unsecured rupee term loan/line of credit (bank facility) from Union Bank of India and an investment of ?234 crore for a Security Operations Center for substations (OT SOC).

Further, the board also gave in-principle approval for the divestment of its entire equity stake in Central Transmission Utility of India (CTUIL), a wholly owned subsidiary of Power Grid, to Grid Controller of India (GRID-INDIA).

The board also approved entering into a strategic alliance with Africa50 and Uganda Development Bank and signing a framework agreement for the development of a transmission project in Uganda under the Independent Power Transmission (IPT) model.

<a href="https://www.moneycontrol.com/india/stockpricequote/electricals/dixontechnologies/DT07">Dixon Technologies India</a>

Dixon has received approval from the Ministry of Electronics and Information Technology, Government of India, for investment by HKC Overseas (HKO), an affiliate of HKC Corporation, in Dixon Display Technologies.

After the proposed transaction, Dixon Display Technologies—currently a wholly owned subsidiary of Dixon—will become a joint venture company, with shares held by Dixon and HKO in the proportion of 74:26.

<a href="https://www.moneycontrol.com/india/stockpricequote/hotel-resortrestaurants/lemontreehotels/LTH">Lemon Tree Hotels</a>

The company has signed a license agreement for a 76-room new hotel in Gorakhpur, Uttar Pradesh. The new property will be managed by its subsidiary, Carnation Hotels.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-investments/bajajfinserv/BF04">Bajaj Finserv</a>

The company’s subsidiary, Bajaj Allianz General Insurance, recorded gross direct premium underwritten of Rs 1,094 crore in February, while another subsidiary, Bajaj Allianz Life Insurance, reported a total premium of Rs 1,281.28 crore during the same month.

<a href="https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/torrentpower/TP14">Torrent Power</a>

The company has issued and allotted Series 14 – 2,00,000 non-convertible debentures (NCDs) worth Rs 2,000 crore at a coupon rate of 7.97% per annum on a private placement basis.

<a href="https://www.moneycontrol.com/india/stockpricequote/paintsvarnishes/akzonobelindia/ICI">Akzo Nobel India</a>

The company has received a Draft Assessment Order from the Assessing Officer of the Income Tax Department, proposing additions of Rs 111.63 crore to the company’s income under corporate tax and transfer pricing provisions for AY 2023-24.

Bulk Deals

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticalsdrugs/anthembiosciences/ABL07">Anthem Biosciences</a>

Viridity Tone LLP, owned by private equity firm True North, sold 2.03 crore equity shares (equivalent to 3.6% of paid-up equity) in Anthem Biosciences at Rs 621.11 per share, amounting to Rs 1,261.7 crore.

However, SBI Mutual Fund picked up 32.26 lakh shares (0.57% stake) in Anthem for Rs 200.36 crore, while HDFC Mutual Fund acquired 60.75 lakh shares (1.08%) for Rs 377.3 crore. Both purchased the shares at Rs 621.1 per share.

As of December 2025, Viridity Tone held a 3.8% stake in Anthem Biosciences.

<a href="https://www.moneycontrol.com/india/stockpricequote/infrastructure-general/arvindsmartspaces/AI72">Arvind SmartSpaces</a>

Pirojsha Adi Godrej, Executive Chairman of Godrej Properties, has acquired 8.17 lakh shares (1.78% stake) in the real estate developer for Rs 40.71 crore from HDFC Capital Affordable Real Estate Fund-1.

The shares were exchanged at a price of Rs 498 per share.

HDFC Capital Affordable Real Estate Fund-1 held an 8.79% stake in Arvind SmartSpaces as of December 2025.

Stock Trades Ex-Bonus

Macfos

Stocks in F&amp;O ban

SAIL
Sammaan Capital

Stocks to Watch Today: Hyundai Motor, Vishal Mega Mart, Minda Corp, Solex Energy, Hinduja Global Solutions, Dixon Technologies in focus on 10 March

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

Stocks to Watch

Six New Stocks in F&amp;amp;O

The National Stock Exchange of India has announced the inclusion of six stocks—Adani Power, Cochin Shipyard, Hyundai Motor India, Motilal Oswal Financial Services, Nippon Life India Asset Management, and Vishal Mega Mart—in the F&amp;amp;O segment, effective April 1.

Minda Corporation

The company's subsidiary, Spark Minda Green Mobility Systems, has signed a Joint Venture Agreement with the United Kingdom–based Turntide Drives for the development and manufacturing of advanced next-generation motor controllers, axial flux motors, pumps for thermal applications, and other customized controllers primarily tailored for EV segment.

The joint venture will operate through the incorporation of a new entity in India by Spark Minda Green Mobility Systems, with shareholding in a 49:51 ratio.

Solex Energy

The company has received approval for capacity addition under the Approved List of Models and Manufacturers (ALMM) issued by the Ministry of New and Renewable Energy.

According to the latest MNRE update, the company’s manufacturing facility located in Tadkeshwar, Surat, has been listed with an enlisted solar PV module manufacturing capacity of 3,782 MW (3.78 GW) per year, reflecting the company’s continued expansion and commitment to strengthening domestic solar manufacturing.

Hinduja Global Solutions

OneOTT Intertainment, the broadband vertical of Hinduja Global Solutions, has signed a Memorandum of Understanding (MoU) with the State Transformation Commission, Government of Uttar Pradesh, for the rollout of Project GANGA (Government Assisted Network for Growth &amp;amp; Advancement), a large-scale digital inclusion initiative in the state.

Power Grid Corporation of India

The board has approved raising funds of up to Rs 5,000 crore through an unsecured rupee term loan/line of credit (bank facility) from Union Bank of India and an investment of ?234 crore for a Security Operations Center for substations (OT SOC).

Further, the board also gave in-principle approval for the divestment of its entire equity stake in Central Transmission Utility of India (CTUIL), a wholly owned subsidiary of Power Grid, to Grid Controller of India (GRID-INDIA).

The board also approved entering into a strategic alliance with Africa50 and Uganda Development Bank and signing a framework agreement for the development of a transmission project in Uganda under the Independent Power Transmission (IPT) model.

Dixon Technologies India

Dixon has received approval from the Ministry of Electronics and Information Technology, Government of India, for investment by HKC Overseas (HKO), an affiliate of HKC Corporation, in Dixon Display Technologies.

After the proposed transaction, Dixon Display Technologies—currently a wholly owned subsidiary of Dixon—will become a joint venture company, with shares held by Dixon and HKO in the proportion of 74:26.

Lemon Tree Hotels

The company has signed a license agreement for a 76-room new hotel in Gorakhpur, Uttar Pradesh. The new property will be managed by its subsidiary, Carnation Hotels.

Bajaj Finserv

The company’s subsidiary, Bajaj Allianz General Insurance, recorded gross direct premium underwritten of Rs 1,094 crore in February, while another subsidiary, Bajaj Allianz Life Insurance, reported a total premium of Rs 1,281.28 crore during the same month.

Torrent Power

The company has issued and allotted Series 14 – 2,00,000 non-convertible debentures (NCDs) worth Rs 2,000 crore at a coupon rate of 7.97% per annum on a private placement basis.

Akzo Nobel India

The company has received a Draft Assessment Order from the Assessing Officer of the Income Tax Department, proposing additions of Rs 111.63 crore to the company’s income under corporate tax and transfer pricing provisions for AY 2023-24.

Bulk Deals

Anthem Biosciences

Viridity Tone LLP, owned by private equity firm True North, sold 2.03 crore equity shares (equivalent to 3.6% of paid-up equity) in Anthem Biosciences at Rs 621.11 per share, amounting to Rs 1,261.7 crore.

However, SBI Mutual Fund picked up 32.26 lakh shares (0.57% stake) in Anthem for Rs 200.36 crore, while HDFC Mutual Fund acquired 60.75 lakh shares (1.08%) for Rs 377.3 crore. Both purchased the shares at Rs 621.1 per share.

As of December 2025, Viridity Tone held a 3.8% stake in Anthem Biosciences.

Arvind SmartSpaces

Pirojsha Adi Godrej, Executive Chairman of Godrej Properties, has acquired 8.17 lakh shares (1.78% stake) in the real estate developer for Rs 40.71 crore from HDFC Capital Affordable Real Estate Fund-1.

The shares were exchanged at a price of Rs 498 per share.

HDFC Capital Affordable Real Estate Fund-1 held an 8.79% stake in Arvind SmartSpaces as of December 2025.

Stock Trades Ex-Bonus

Macfos

Stocks in F&amp;amp;O ban

SAIL
Sammaan Capital

True North-backed Viridity Tone offloads 3.6% stake in Anthem Biosciences for Rs 1,262 crore, SBI Mutual Fund, HDFC Mutual Fund buy 1.65% shares in Anthem Biosciences, Pirojsha Adi Godrej acquires 1.78% stake in Arvind SmartSpaces from HDFC Capital Affordable Real Estate Fund-1

* True North-backed Viridity Tone offloads 3.6% stake in Anthem Biosciences for Rs 1,262 crore
* SBI Mutual Fund, HDFC Mutual Fund buy 1.65% shares in Anthem Biosciences
* Pirojsha Adi Godrej acquires 1.78% stake in Arvind SmartSpaces from HDFC Capital Affordable Real Estate Fund-1

shorts/business/true-north-backed-viridity-tone-offloads-3-6-stake-in-anthem-biosciences-for-rs-1-262-crore

* True North-backed Viridity Tone offloads 3.6% stake in Anthem Biosciences for Rs 1,262 crore
* SBI Mutual Fund, HDFC Mutual Fund buy 1.65% shares in Anthem Biosciences
* Pirojsha Adi Godrej acquires 1.78% stake in Arvind SmartSpaces from HDFC Capital Affordable Real Estate Fund-1

Viridity Tone LLP, owned by private equity firm True North, has offloaded 3.6 percent equity stake in Anthem Biosciences, the contract research, development and manufacturing organization, for Rs 1,262 crore via open market transactions.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticalsdrugs/anthembiosciences/ABL07">Anthem Biosciences</a> closed with moderate loss of 0.16 percent at Rs 660, after sharp recovery from day's low of Rs 608.4 on the BSE, forming long bullish candle on the daily charts.

As per the bulk deals data, Viridity Tone LLP sold 2.03 crore equity shares (equivalent to 3.6 percent of paid-up equity) in Anthem Biosciences at Rs 621.11 per share, amounting to Rs 1,261.7 crore.

However, SBI Mutual Fund, and HDFC Mutual Fund were buyers for some of the shares sold by Viridity Tone. SBI MF picked up 32.26 lakh shares (0.57 percent stake) in Anthem for Rs 200.36 crore, and HDFC Mutual Fund acquired 60.75 lakh shares (1.08 percent) for Rs 377.3 crore. The buying price by both was Rs 621.1 per share.

As of December 2025, Viridity Tone was holding 3.8 percent stake in Anthem Biosciences.

Meanwhile, the action was also seen in <a href="https://www.moneycontrol.com/india/stockpricequote/infrastructure-general/arvindsmartspaces/AI72">Arvind SmartSpaces</a> which shares closed at more than two-year low of Rs 500.9 on the BSE, down 1.02 percent amid high volumes. Pirojsha Adi Godrej, the Executive Chairman of Godrej Properties, has acquired 8.17 lakh shares (1.78 percent stake) in the real estate developer for Rs 40.71 crore from HDFC Capital Affordable Real Estate Fund-1. The shares exchanged at a price of Rs 498 per share.

HDFC Capital Affordable Real Estate Fund-1 had held 8.79 percent stake in Arvind SmartSpaces as of December 2025.

<img class="alignnone size-full wp-image-13855276 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/03/20260309195708_Image1509032026.jpg" alt="Image1509032026" width="700" height="1832" />

True North-backed Viridity Tone offloads 3.6% stake in Anthem Biosciences for Rs 1,262 crore

Viridity Tone LLP, owned by private equity firm True North, has offloaded 3.6 percent equity stake in Anthem Biosciences, the contract research, development and manufacturing organization, for Rs 1,262 crore via open market transactions.

Anthem Biosciences closed with moderate loss of 0.16 percent at Rs 660, after sharp recovery from day's low of Rs 608.4 on the BSE, forming long bullish candle on the daily charts.

As per the bulk deals data, Viridity Tone LLP sold 2.03 crore equity shares (equivalent to 3.6 percent of paid-up equity) in Anthem Biosciences at Rs 621.11 per share, amounting to Rs 1,261.7 crore.

However, SBI Mutual Fund, and HDFC Mutual Fund were buyers for some of the shares sold by Viridity Tone. SBI MF picked up 32.26 lakh shares (0.57 percent stake) in Anthem for Rs 200.36 crore, and HDFC Mutual Fund acquired 60.75 lakh shares (1.08 percent) for Rs 377.3 crore. The buying price by both was Rs 621.1 per share.

As of December 2025, Viridity Tone was holding 3.8 percent stake in Anthem Biosciences.

Meanwhile, the action was also seen in Arvind SmartSpaces which shares closed at more than two-year low of Rs 500.9 on the BSE, down 1.02 percent amid high volumes. Pirojsha Adi Godrej, the Executive Chairman of Godrej Properties, has acquired 8.17 lakh shares (1.78 percent stake) in the real estate developer for Rs 40.71 crore from HDFC Capital Affordable Real Estate Fund-1. The shares exchanged at a price of Rs 498 per share.

HDFC Capital Affordable Real Estate Fund-1 had held 8.79 percent stake in Arvind SmartSpaces as of December 2025.

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Stock News

Polycab, KEI Industries shares decline up to 6% on rising copper prices

Redington shares surge up to 15% as report says 25% of iPhones are made in India

Park Medi World shares climb to fresh high on expansion announcement

Stocks to Watch Today: Hyundai Motor, Vishal Mega Mart, Minda Corp, Solex Energy, Hinduja Global Solutions, Dixon Technologies in focus on 10 March

True North-backed Viridity Tone offloads 3.6% stake in Anthem Biosciences for Rs 1,262 crore

Engineering & Construction Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Engineering & Construction industry stocks.

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Polycab, KEI Industries shares decline up to 6% on rising copper prices

Redington shares surge up to 15% as report says 25% of iPhones are made in India

Park Medi World shares climb to fresh high on expansion announcement

Stocks to Watch Today: Hyundai Motor, Vishal Mega Mart, Minda Corp, Solex Energy, Hinduja Global Solutions, Dixon Technologies in focus on 10 March

True North-backed Viridity Tone offloads 3.6% stake in Anthem Biosciences for Rs 1,262 crore

Engineering & Construction Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Engineering & Construction industry stocks.