< -5%

-5% to -3%

Canara HSBC

-3% to 0%

Niva Bupa Healt

HDFC Life

ICICI Prudentia

LIC India

SBI Life Insura

0% to 3%

3% to 5%

SPML Infra share price will remain in focus on December 8 following company's joint venture with Shree Hari Infraprojects received contract of Rs 207.38 crore from Public Health Engineering Department (PHED), Jhalawar, Rajasthan.

The project under the Jal Jeevan Mission (JJM) is part of Nonera Water Supply Project, aims to significantly strengthen water supply infrastructure across Kota &amp; Bundi region in Rajasthan.

It involves executing comprehensive construction and operation works, including 10 years of operations &amp; maintenance (O&amp;M).

The Jal Jeevan Mission project aims to upgrade water supply infrastructure and ensure safe, reliable drinking water across Kota and Bundi (Package-1).

The scope includes the execution, testing, and commissioning of 3 intake wells, 3 water treatment plants with a combined 118 MLD capacity, 3 clear water reservoirs totaling 16.1 million litres, 52.6 km of pipelines from 600–1300 mm diameter with PLC and SCADA systems.

<a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-08-12-2025-liveblog-13714490.html">Catch all the market action on our live blog</a>

In the previous trading session, the share closed at Rs 187.15, down Rs 3.00, or 1.58 percent.

The share touched a 52-week high of Rs 321.70 and a 52-week low of Rs 137.00 on 01 August, 2025 and 18 March, 2025, respectively.

Currently, the stock is trading 41.82 percent below its 52-week high and 36.61 percent above its 52-week low.

The market capitalisation of the company stands at Rs 1,412.18 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

SPML Infra shares in focus after JV wins Rs 207 crore order from PHED, Rajasthan

SPML Infra share price will remain in focus on December 8 following company's joint venture with Shree Hari Infraprojects received contract of Rs 207.38 crore from Public Health Engineering Department (PHED), Jhalawar, Rajasthan.

The project under the Jal Jeevan Mission (JJM) is part of Nonera Water Supply Project, aims to significantly strengthen water supply infrastructure across Kota &amp;amp; Bundi region in Rajasthan.

It involves executing comprehensive construction and operation works, including 10 years of operations &amp;amp; maintenance (O&amp;amp;M).

The Jal Jeevan Mission project aims to upgrade water supply infrastructure and ensure safe, reliable drinking water across Kota and Bundi (Package-1).

The scope includes the execution, testing, and commissioning of 3 intake wells, 3 water treatment plants with a combined 118 MLD capacity, 3 clear water reservoirs totaling 16.1 million litres, 52.6 km of pipelines from 600–1300 mm diameter with PLC and SCADA systems.

Catch all the market action on our live blog

In the previous trading session, the share closed at Rs 187.15, down Rs 3.00, or 1.58 percent.

The share touched a 52-week high of Rs 321.70 and a 52-week low of Rs 137.00 on 01 August, 2025 and 18 March, 2025, respectively.

Currently, the stock is trading 41.82 percent below its 52-week high and 36.61 percent above its 52-week low.

The market capitalisation of the company stands at Rs 1,412.18 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/telecommunications-services/railtelcorporationindia/RCo01">RailTel Corporation of India</a> share price will remain in focus on December 8 following the company received the Letter of Acceptance (LoA) from Ministry Of External Affairs.

"..... has been appointed as project implementing agency (PIA) for procurement and supply of 2000 AI enabled laptop with estimated size of order is Rs 14,40,41,500," company said in its press release.

Last week, the company received the work order from Central Public Works Department (Cpwd) of Rs 63,92,90,444 for design and implementation of ICT network for a period of 5 year.

Also received the work order from Mumbai Metropolitan Region Development Authority for project amounting to Rs 48,77,92,166 (Excluding Tax) for design, development and implementation of regional information system.

<a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-08-12-2025-liveblog-13714490.html">Catch all the market action on our live blog</a>

Last month, the company received the work order from Information Technology And Electronics Department Uttar Pradesh of Rs 13.86 crore for supply, installation, commissioning, training and support services of Atal Tinkering Labs (ATL) in schools under the Department of Secondary Education, Uttar Pradesh and also received the Letter of Acceptance from Rajasthan Council of School Education service amounting to Rs 32,43,16,000 for Adhaar enrolment &amp; updation service.

In the previous trading session, the share closed at Rs 334.20, up Rs 3.50, or 1.06 percent.

The share touched a 52-week high of Rs 478.80 and a 52-week low of Rs 265.30 on 10 June, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 30.2 percent below its 52-week high and 25.97 percent above its 52-week low.

The market capitalisation of the company stands at Rs 10,725.76 crore.

RailTel Corporation shares in focus on project win from Ministry Of External Affairs

RailTel Corporation of India share price will remain in focus on December 8 following the company received the Letter of Acceptance (LoA) from Ministry Of External Affairs.

&quot;..... has been appointed as project implementing agency (PIA) for procurement and supply of 2000 AI enabled laptop with estimated size of order is Rs 14,40,41,500,&quot; company said in its press release.

Last week, the company received the work order from Central Public Works Department (Cpwd) of Rs 63,92,90,444 for design and implementation of ICT network for a period of 5 year.

Also received the work order from Mumbai Metropolitan Region Development Authority for project amounting to Rs 48,77,92,166 (Excluding Tax) for design, development and implementation of regional information system.

Catch all the market action on our live blog

Last month, the company received the work order from Information Technology And Electronics Department Uttar Pradesh of Rs 13.86 crore for supply, installation, commissioning, training and support services of Atal Tinkering Labs (ATL) in schools under the Department of Secondary Education, Uttar Pradesh and also received the Letter of Acceptance from Rajasthan Council of School Education service amounting to Rs 32,43,16,000 for Adhaar enrolment &amp;amp; updation service.

In the previous trading session, the share closed at Rs 334.20, up Rs 3.50, or 1.06 percent.

The share touched a 52-week high of Rs 478.80 and a 52-week low of Rs 265.30 on 10 June, 2025 and 03 March, 2025, respectively.

Currently, the stock is trading 30.2 percent below its 52-week high and 25.97 percent above its 52-week low.

The market capitalisation of the company stands at Rs 10,725.76 crore.

Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, acquisitions, and appointments, here’s a quick look at which stocks will be in focus in today's trade:

<a href="https://www.moneycontrol.com/markets/earnings/" target="_blank">Results Today</a>

Physicswallah, Fujiyama Power Systems, and Neogem India will announce their quarterly earnings on December 8.

Stocks to Watch

<a href="https://www.moneycontrol.com/india/stockpricequote/online-services/eternal/Z" target="_blank">Eternal</a>

An undisclosed institutional investor is likely to sell a 0.5% stake in Eternal for up to Rs 1,500 crore via a block deal, reports CNBC-TV18 citing sources.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/biocon/BL03" target="_blank">Biocon</a>

The biopharmaceutical company announced a strategic corporate action to fully integrate its subsidiary Biocon Biologics (BBL) into Biocon, subject to applicable approvals. It will acquire the remaining stake in Biocon Biologics from Serum Institute Life Sciences (Serum), Tata Capital, and Activ Pine through a share swap of 70.28 Biocon shares for every 100 Biocon Biologics shares, at a share price of Rs 405.78 per Biocon share, valuing Biocon Biologics at $5.5 billion. The integration is expected to be completed by March 31, 2026.

Additionally, the company’s subsidiary Biocon Pharma has received tentative approval from the US FDA for its ANDA for Carbidopa and Levodopa Extended-Release Capsules, which are used to treat Parkinson’s disease.

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/icicibank/ICI02" target="_blank">ICICI Bank</a>

ICICI Prudential AMC, a subsidiary of ICICI Bank, has filed a Red Herring Prospectus for a Rs 10,603-crore IPO. The public issue, with a price band of Rs 2,061–2,165 per share, will open for subscription from December 12 to 16.

<a href="https://www.moneycontrol.com/india/stockpricequote/pumps/dynamatictechnologies/DT05" target="_blank">Dynamatic Technologies</a>

The company has entered into a strategic agreement with Dassault Aviation for the manufacturing and assembly of the complete rear fuselage for Dassault’s latest business jet, the Falcon 6X.

<a href="https://www.moneycontrol.com/india/stockpricequote/oil-drillingexploration/oilnaturalgascorporation/ONG" target="_blank">Oil and Natural Gas Corporation</a>

The Board has approved the re-appointment of Arun Kumar Singh as Chairman &amp; CEO of ONGC on a contract basis for a further one-year period, effective December 7.

<a href="https://www.moneycontrol.com/india/stockpricequote/lifehealth-insurance/lifeinsurancecorporationindia/LIC09" target="_blank">Life Insurance Corporation of India</a>

The Government of India has nominated Shalini Pandit, Joint Secretary, Department of Financial Services, Ministry of Finance, as Government Nominee Director on the Board of LIC, replacing Parshant Kumar Goyal, Joint Secretary, Department of Financial Services, Ministry of Finance, with immediate effect.

<a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-civil/spmlinfra/SPM05" target="_blank">SPML Infra</a>

The company has received a Rs 207.38-crore project, in JV with Shree Hari Infraprojects, from the Public Health Engineering Department (PHED), Jhalawar, Rajasthan, under the Jal Jeevan Mission.

<a href="https://www.moneycontrol.com/india/stockpricequote/infrastructure-general/nbccindia/NBC01" target="_blank">NBCC (India)</a>

The company has successfully sold 175 residential units in Greater Noida through an e-auction for around Rs 485.41 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/telecommunications-equipment/hfcl/HFC" target="_blank">HFCL</a>

The company has secured export orders worth $72.96 million (Rs 656.10 crore) for the supply of optical fiber cables through its overseas wholly owned subsidiary, from a renowned international customer.

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries-brakes/olaelectricmobility/OEM" target="_blank">Ola Electric Mobility</a>

The company has commenced mass deliveries of its 4,680 Bharat Cell–powered vehicles. The S1 Pro+ (5.2kWh) is the first product to be powered by the company’s indigenously manufactured 4,680 Bharat Cell battery pack, which delivers more range, better performance, and enhanced safety.

<a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-civil/ashokabuildcon/AB" target="_blank">Ashoka Buildcon</a>

The company has received a letter from Brihanmumbai Municipal Corporation (BMC) awarding additional scope of work for the existing project involving construction of Flyover Arm-1 and Arm-2 at T Junction on Sion–Panvel Highway, Maharashtra Nagar, in the M/E Ward. The cost of the additional work is Rs 447.21 crore, bringing the total project cost to Rs 1,573.79 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/aerospacedefence/mtartechnologies/MT15" target="_blank">MTAR Technologies</a>

The company has received an order worth Rs 194 crore from a new customer for the supply of end fittings and associated components in the civil nuclear power sector.

<a href="https://www.moneycontrol.com/india/stockpricequote/ship-building/cochinshipyard/CS" target="_blank">Cochin Shipyard</a>

The company has signed shipbuilding contracts with Svitzer for building four 26-metre fully electric TRAnsverse 70-ton bollard pull tugs, with an option for up to four additional vessels. The tugs will be constructed according to Svitzer’s specifications to support its global fleet renewal plan. Deliveries are targeted to commence from late 2027.

<a href="https://www.moneycontrol.com/india/stockpricequote/courier-services/delhivery/D06" target="_blank">Delhivery</a>

The logistics services provider has successfully completed testing of its autonomous Vertical Take-off and Landing (VTOL) drone technology at Deoria, Uttar Pradesh.

<a href="https://www.moneycontrol.com/india/stockpricequote/trading/landmarkcars/LC07" target="_blank">Landmark Cars</a>

The premium automotive retailer has received approval from BYD India to open a showroom and a workshop in Pune, Maharashtra. These facilities will be established by the company’s subsidiary Watermark Cars.

<a href="https://www.moneycontrol.com/india/stockpricequote/telecommunications-services/railtelcorporationindia/RCo01" target="_blank">RailTel Corporation of India</a>

The company has received an international order worth Rs 14.4 crore from the Ministry of External Affairs for the supply of 2,000 AI-enabled laptops.

<a href="https://www.moneycontrol.com/india/stockpricequote/defence/zentechnologies/ZT01" target="_blank">Zen Technologies</a>

The company has received a major contract worth Rs 120 crore from the Ministry of Defence to set up India’s first Combat Training Node (CTN) at the Infantry School in Mhow, Madhya Pradesh.

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/rblbank/RB03" target="_blank">RBL Bank</a>

Somnath Ghosh has completed his term as Non-Executive Independent Director of the bank on December 6 and has accordingly ceased to be a Director.

<a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-real-estate/omaxe/O02" target="_blank">Omaxe</a>

The company’s subsidiary Ludhiana Wholesale Market has received a RERA Registration Certificate for its project, Omaxe Chowk, in Punjab.

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries-spare-partsaccessories/unipartsindia/UI22" target="_blank">Uniparts India</a>

The Board has appointed Tanushree Bagrodia as Group Chief Executive Officer effective January 1, 2026. She will continue to serve as Whole-Time Director of the company.

Additionally, the Board has appointed Paleswara Rao S V Duvvuri as Chief Operating Officer and Senior Management Personnel.

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/newgensoftwaretechnologies/NST01" target="_blank">NewGen Software Technologies</a>

The Kuwait-based entity has withdrawn its tender for providing the Business Process Management Platform.

In September, the company had received a Letter of Award for implementing a Business Process Management Platform from an overseas entity in Kuwait, with a commercial value of KWD 1.73 million.

<a href="https://www.moneycontrol.com/india/stockpricequote/engineering/quesscorp/QC" target="_blank">Quess Corp</a>

The staffing solutions provider has elevated Lohit Bhatia to Chief Executive Officer (CEO), effective January 1, 2026, from his current role as President – India and Global Operations.

<a href="https://www.moneycontrol.com/india/stockpricequote/chemicals/lindeindia/BOC" target="_blank">Linde India</a>

Neeraj Kumar Jumrani has resigned as Chief Financial Officer to pursue other career opportunities, effective February 15, 2026.

<a href="https://www.moneycontrol.com/india/stockpricequote/tyres/ceat/C07" target="_blank">CEAT</a>

The Board has approved the issuance of unsecured Non-Convertible Debentures (NCDs) worth up to Rs 250 crore in one or more tranches on a private placement basis. This is in addition to the existing NCDs of Rs 150 crore already issued by the company.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/iolchemicalspharmaceuticals/IOL01" target="_blank">IOL Chemicals and Pharmaceuticals</a>

The European Directorate for the Quality of Medicines &amp; Health Care (EDQM) has granted a Certificate of Suitability for the company’s API product Minoxidil, which is primarily used as a topical treatment for hereditary hair loss.

<a href="https://www.moneycontrol.com/india/stockpricequote/personal-care/daburindia/DI" target="_blank">Dabur India</a>

The company has received an observation letter with “no objection” from NSE regarding the Scheme of Amalgamation of Sesa Care with and into Dabur India, along with their respective shareholders and creditors.

Block Deals

<a href="https://www.moneycontrol.com/india/stockpricequote/hotel-resortrestaurants/itchotels/IHL02" target="_blank">ITC Hotels</a>

Tobacco Manufacturers India, Myddleton Investment Company, and Rothmans International Enterprises — affiliates of British American Tobacco — have sold 18.75 crore equity shares (equivalent to 9% of paid-up equity) in ITC Hotels for nearly Rs 3,856 crore at Rs 205.65 per share.

As of September 2025, Myddleton Investment Company and Tobacco Manufacturers India held 2.33% and 12.2% stakes, respectively, in ITC Hotels.

On the other side, HCL Capital, a subsidiary of Vama Sundari Investments (Delhi), was the largest buyer among seven investors, acquiring nearly 7% stake (14.57 crore shares) in ITC Hotels at the same price for Rs 2,998 crore.

Six other investors — Societe Generale, Nippon India MF, Morgan Stanley Asia Singapore, Vanguard Group, BNP Paribas Arbitrage, and Abu Dhabi Investment Authority — acquired 4.17 crore shares (2% stake) for Rs 858 crore at the same price.

<a href="https://www.moneycontrol.com/india/stockpricequote/packaging/polyplexcorporation/PC08" target="_blank">Polyplex Corporation</a>

K2 Family Private Trust bought 2.75 lakh shares of the polyester and polypropylene film manufacturer for Rs 22.55 crore at Rs 820 per share, from First Water Fund.

First Water Fund, a public shareholder in Polyplex, held 3.76% stake as of September 2025.

SME Listing

Invicta Diagnostic
Clear Secured Services
Ravelcare
Speb Adhesives
Astron Multigrain

Stock Trades Ex-Dividend

Modison

Stocks in F&amp;O ban

Bandhan Bank
Kaynes Technology
Sammaan Capital

Stocks to Watch Today: Eternal, Biocon, ICICI Bank, HFCL, Ashoka Buildcon, MTAR Tech, Cochin Shipyard, Zen Tech, NBCC, SPML Infra in focus on 8 December

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

Results Today

Physicswallah, Fujiyama Power Systems, and Neogem India will announce their quarterly earnings on December 8.

Stocks to Watch

Eternal

An undisclosed institutional investor is likely to sell a 0.5% stake in Eternal for up to Rs 1,500 crore via a block deal, reports CNBC-TV18 citing sources.

Biocon

The biopharmaceutical company announced a strategic corporate action to fully integrate its subsidiary Biocon Biologics (BBL) into Biocon, subject to applicable approvals. It will acquire the remaining stake in Biocon Biologics from Serum Institute Life Sciences (Serum), Tata Capital, and Activ Pine through a share swap of 70.28 Biocon shares for every 100 Biocon Biologics shares, at a share price of Rs 405.78 per Biocon share, valuing Biocon Biologics at $5.5 billion. The integration is expected to be completed by March 31, 2026.

Additionally, the company’s subsidiary Biocon Pharma has received tentative approval from the US FDA for its ANDA for Carbidopa and Levodopa Extended-Release Capsules, which are used to treat Parkinson’s disease.

ICICI Bank

ICICI Prudential AMC, a subsidiary of ICICI Bank, has filed a Red Herring Prospectus for a Rs 10,603-crore IPO. The public issue, with a price band of Rs 2,061–2,165 per share, will open for subscription from December 12 to 16.

Dynamatic Technologies

The company has entered into a strategic agreement with Dassault Aviation for the manufacturing and assembly of the complete rear fuselage for Dassault’s latest business jet, the Falcon 6X.

Oil and Natural Gas Corporation

The Board has approved the re-appointment of Arun Kumar Singh as Chairman &amp;amp; CEO of ONGC on a contract basis for a further one-year period, effective December 7.

Life Insurance Corporation of India

The Government of India has nominated Shalini Pandit, Joint Secretary, Department of Financial Services, Ministry of Finance, as Government Nominee Director on the Board of LIC, replacing Parshant Kumar Goyal, Joint Secretary, Department of Financial Services, Ministry of Finance, with immediate effect.

SPML Infra

The company has received a Rs 207.38-crore project, in JV with Shree Hari Infraprojects, from the Public Health Engineering Department (PHED), Jhalawar, Rajasthan, under the Jal Jeevan Mission.

NBCC (India)

The company has successfully sold 175 residential units in Greater Noida through an e-auction for around Rs 485.41 crore.

HFCL

The company has secured export orders worth $72.96 million (Rs 656.10 crore) for the supply of optical fiber cables through its overseas wholly owned subsidiary, from a renowned international customer.

Ola Electric Mobility

The company has commenced mass deliveries of its 4,680 Bharat Cell–powered vehicles. The S1 Pro+ (5.2kWh) is the first product to be powered by the company’s indigenously manufactured 4,680 Bharat Cell battery pack, which delivers more range, better performance, and enhanced safety.

Ashoka Buildcon

The company has received a letter from Brihanmumbai Municipal Corporation (BMC) awarding additional scope of work for the existing project involving construction of Flyover Arm-1 and Arm-2 at T Junction on Sion–Panvel Highway, Maharashtra Nagar, in the M/E Ward. The cost of the additional work is Rs 447.21 crore, bringing the total project cost to Rs 1,573.79 crore.

MTAR Technologies

The company has received an order worth Rs 194 crore from a new customer for the supply of end fittings and associated components in the civil nuclear power sector.

Cochin Shipyard

The company has signed shipbuilding contracts with Svitzer for building four 26-metre fully electric TRAnsverse 70-ton bollard pull tugs, with an option for up to four additional vessels. The tugs will be constructed according to Svitzer’s specifications to support its global fleet renewal plan. Deliveries are targeted to commence from late 2027.

Delhivery

The logistics services provider has successfully completed testing of its autonomous Vertical Take-off and Landing (VTOL) drone technology at Deoria, Uttar Pradesh.

Landmark Cars

The premium automotive retailer has received approval from BYD India to open a showroom and a workshop in Pune, Maharashtra. These facilities will be established by the company’s subsidiary Watermark Cars.

RailTel Corporation of India

The company has received an international order worth Rs 14.4 crore from the Ministry of External Affairs for the supply of 2,000 AI-enabled laptops.

Zen Technologies

The company has received a major contract worth Rs 120 crore from the Ministry of Defence to set up India’s first Combat Training Node (CTN) at the Infantry School in Mhow, Madhya Pradesh.

RBL Bank

Somnath Ghosh has completed his term as Non-Executive Independent Director of the bank on December 6 and has accordingly ceased to be a Director.

Omaxe

The company’s subsidiary Ludhiana Wholesale Market has received a RERA Registration Certificate for its project, Omaxe Chowk, in Punjab.

Uniparts India

The Board has appointed Tanushree Bagrodia as Group Chief Executive Officer effective January 1, 2026. She will continue to serve as Whole-Time Director of the company.

Additionally, the Board has appointed Paleswara Rao S V Duvvuri as Chief Operating Officer and Senior Management Personnel.

NewGen Software Technologies

The Kuwait-based entity has withdrawn its tender for providing the Business Process Management Platform.

In September, the company had received a Letter of Award for implementing a Business Process Management Platform from an overseas entity in Kuwait, with a commercial value of KWD 1.73 million.

Quess Corp

The staffing solutions provider has elevated Lohit Bhatia to Chief Executive Officer (CEO), effective January 1, 2026, from his current role as President – India and Global Operations.

Linde India

Neeraj Kumar Jumrani has resigned as Chief Financial Officer to pursue other career opportunities, effective February 15, 2026.

CEAT

The Board has approved the issuance of unsecured Non-Convertible Debentures (NCDs) worth up to Rs 250 crore in one or more tranches on a private placement basis. This is in addition to the existing NCDs of Rs 150 crore already issued by the company.

IOL Chemicals and Pharmaceuticals

The European Directorate for the Quality of Medicines &amp;amp; Health Care (EDQM) has granted a Certificate of Suitability for the company’s API product Minoxidil, which is primarily used as a topical treatment for hereditary hair loss.

Dabur India

The company has received an observation letter with “no objection” from NSE regarding the Scheme of Amalgamation of Sesa Care with and into Dabur India, along with their respective shareholders and creditors.

Block Deals

ITC Hotels

Tobacco Manufacturers India, Myddleton Investment Company, and Rothmans International Enterprises — affiliates of British American Tobacco — have sold 18.75 crore equity shares (equivalent to 9% of paid-up equity) in ITC Hotels for nearly Rs 3,856 crore at Rs 205.65 per share.

As of September 2025, Myddleton Investment Company and Tobacco Manufacturers India held 2.33% and 12.2% stakes, respectively, in ITC Hotels.

On the other side, HCL Capital, a subsidiary of Vama Sundari Investments (Delhi), was the largest buyer among seven investors, acquiring nearly 7% stake (14.57 crore shares) in ITC Hotels at the same price for Rs 2,998 crore.

Six other investors — Societe Generale, Nippon India MF, Morgan Stanley Asia Singapore, Vanguard Group, BNP Paribas Arbitrage, and Abu Dhabi Investment Authority — acquired 4.17 crore shares (2% stake) for Rs 858 crore at the same price.

Polyplex Corporation

K2 Family Private Trust bought 2.75 lakh shares of the polyester and polypropylene film manufacturer for Rs 22.55 crore at Rs 820 per share, from First Water Fund.

First Water Fund, a public shareholder in Polyplex, held 3.76% stake as of September 2025.

SME Listing

Invicta Diagnostic
Clear Secured Services
Ravelcare
Speb Adhesives
Astron Multigrain

Stock Trades Ex-Dividend

Modison

Stocks in F&amp;amp;O ban

Bandhan Bank
Kaynes Technology
Sammaan Capital

British American Tobacco's three affiliates have offloaded 9 percent equity stake in ITC Hotels for nearly Rs 3,856 crore via open market transactions on December 5, to seven global and domestic investors.

<a href="https://www.moneycontrol.com/india/stockpricequote/hotel-resortrestaurants/itchotels/IHL02">ITC Hotels</a> shares finished the session 0.87 percent lower at Rs 205.91 amid high volumes, remaining rangebound for nearly a month now.

Tobacco Manufacturers India, Myddleton Investment Company, and Rothmans International Enterprises, the affiliates of British American Tobacco, have sold 18.75 crore equity shares in the hotel chain at Rs 205.65 per share.

As of September 2025, Myddleton Investment Company, and Tobacco Manufacturers India were holding 2.33 percent and 12.2 percent stake, respectively, in ITC Hotels.

On other side, HCL Capital, a subsidiary of Vama Sundari Investments (Delhi), was the largest buyer among seven investors, picking up nearly 7 percent stake (14.57 crore shares) in ITC Hotels at same price for Rs 2,998 crore.

Other six investors - Societe Generale, Nippon India MF, Morgan Stanley Asia Singapore, Vanguard Group, BNP Paribas Arbitrage, and Abu Dhabi Investment Authority acquired 4.17 crore shares (2 percent stake) for Rs 858 crore at same price.

Meanwhile, the action was also seen in <a href="https://www.moneycontrol.com/india/stockpricequote/packaging/polyplexcorporation/PC08">Polyplex Corporation</a>. K2 Family Private Trust bought 2.75 lakh shares in the polyester, and polypropylene film manufacturer for Rs 22.55 crore at Rs 820 per share, from First Water Fund.

First Water Fund, the public shareholder in Polyplex, held 3.76 percent stake as of September 2025.

<img class="alignnone size-full wp-image-13714461 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/12/20251207184449_Image2407122025.jpg" alt="Image2407122025" width="1944" height="2653" />

<img class="alignnone size-full wp-image-13714462 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2025/12/20251207184514_Image2507122025.jpg" alt="Image2507122025" width="1944" height="3544" />

British American Tobacco affiliates offload 9% stake in ITC Hotels for Rs 3,856 crore, HCL Capital picks up 7% shares

British American Tobacco's three affiliates have offloaded 9 percent equity stake in ITC Hotels for nearly Rs 3,856 crore via open market transactions on December 5, to seven global and domestic investors.

ITC Hotels shares finished the session 0.87 percent lower at Rs 205.91 amid high volumes, remaining rangebound for nearly a month now.

Tobacco Manufacturers India, Myddleton Investment Company, and Rothmans International Enterprises, the affiliates of British American Tobacco, have sold 18.75 crore equity shares in the hotel chain at Rs 205.65 per share.

As of September 2025, Myddleton Investment Company, and Tobacco Manufacturers India were holding 2.33 percent and 12.2 percent stake, respectively, in ITC Hotels.

On other side, HCL Capital, a subsidiary of Vama Sundari Investments (Delhi), was the largest buyer among seven investors, picking up nearly 7 percent stake (14.57 crore shares) in ITC Hotels at same price for Rs 2,998 crore.

Other six investors - Societe Generale, Nippon India MF, Morgan Stanley Asia Singapore, Vanguard Group, BNP Paribas Arbitrage, and Abu Dhabi Investment Authority acquired 4.17 crore shares (2 percent stake) for Rs 858 crore at same price.

Meanwhile, the action was also seen in Polyplex Corporation. K2 Family Private Trust bought 2.75 lakh shares in the polyester, and polypropylene film manufacturer for Rs 22.55 crore at Rs 820 per share, from First Water Fund.

First Water Fund, the public shareholder in Polyplex, held 3.76 percent stake as of September 2025.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/steel-large/jswsteel/JSW01">JSW Steel</a> rose more than 1 percent on December 5, extending gains for the second consecutive session as brokerage issued bullish notes for the stock. This comes after the company announced a joint venture with Japan's JFE Steel.

The shares have now risen over 2 percent in two days, after falling 1.5 percent on the day the JV was announced (December 3).

JFE Steel on December 3 had announced that it will form <a href="https://www.moneycontrol.com/news/business/markets/jsw-steel-shares-fall-3-as-jfe-steel-to-form-50-50-jv-with-jsw-for-transfer-of-bpsl-integrated-steel-facility-13708703.html">50:50 joint venture with JSW Steel</a> for transfer of Bhushan Power &amp; Steel integrated steel facility. JFE will invest Rs 15,750 crore (270 billion yen) in JV for transfer of BPSL integrated steel facility.

JSW had acquired <a href="https://www.moneycontrol.com/news/business/jsw-steel-may-sell-up-to-50-stake-in-bhushan-power-cnbc-tv18-13670052.html">Bhushan Power &amp; Steel (BPSL) in 2021 through an IBC</a> process. "What was a 2.75 mtpa sick unit now stands proud as a profitable company with an enhanced capacity of 4.5 mtpa, employing 25,000 people," the company said.

Through this transaction, JSW will monetise part of its holding in BPSL, in order to accelerate the growth of the company, the firm said. The cash proceeds received from the transaction will strengthen the company's balance sheet even further and provide a clear runway for growth that will create significant value for its stakeholders, it said.
<h3>Motilal Oswal on JSW Steel:</h3>
Motilal Oswal Financial Services said JSW Steel's partnership will help reduce debt by Rs 35,000 crore and focus on capacity expansion. The domestic brokerage said that the restructuring and JV collectively will allow the company to monetize a significant portion of the value created through the turnaround of BPSL. This will let JSW Steel reduce debt and focus on the long-term growth plan of expanding capacity to 50 mtpa.

"We remain positive on the company outlook, estimating double-digit revenue growth in FY26/FY27, driven by the ramp-up of new capacity and price recovery. Further, as input costs are expected to remain soft, we believe EBITDA margin will rebound to 18-19% in FY26/FY27 (~INR12,000/t in FY26E and ~INR13,500/t in FY27E) on account of domestic steel price recovery, led by safeguard duty. The recent development will support JSTL’s deleveraging plan. Its net debt-to-EBITDA ratio declined to 2.97x as of 2QFY26, which we expect to decline to 1.7x by FY27E, supported by robust operating profit," Motilal said.

The domestic brokerage kept a 'Buy' rating on the stock, with a target price of Rs 1,350 per share. This implies an upside potential of nearly 16 percent from the stock’s current market price.
<h3>JM Financial on JSW Steel:</h3>
JM Financial said that the transaction boosts JSW Steel's liquidity and enhances balance sheet capacity for organic and inorganic growth, supporting its long-term capex roadmap toward 50 mtpa by FY31. "Management has emphasised that the JV will remain independent rather than merge with JSW Steel, ensuring governance clarity, financial ring-fencing and aligned partner participation. JSW will continue as co-owner, operator and project executor, retaining control over value creation," it said.

The domestic brokerage concluded that the deal strengthens JSW’s balance sheet, accelerates its long-term growth pathway and fits JFE’s global expansion strategy. JM Financial kept a 'Buy' call on the stock and a target price of Rs 1,350 per share, implying an upside potential of around 16 percent from the stock’s current market price.
<h3>Emkay Global on JSW Steel:</h3>
Emkay Global said that the restructuring unlocks value from BPSL and delivers a sharp balance-sheet reset. "This monetization step also delivers a material balance-sheet benefit, with JSTL achieving Rs370bn of deleveraging following the sale and associated debt transfer. We understand immediate deleveraging and getting prepared for the next leg of capacity expansion cycle—at a time when steel consumption growing at 8-9% pa is expected to push the market into a deficit in the next 2–3 years— as key rationale for this transaction," the domestic brokerage said.

It kept an 'Add' rating on the stock, with a target price of Rs 1,200 per share. This implies an upside potential of nearly 3 percent from the stock’s current market price.
<h3>Yes Securities on JSW Steel:</h3>
Yes Securities in its note said that the move "creates a clean, ring-fenced platform for the JV and unlocks significant embedded value within BPSL while setting the stage for the next leg of expansion". "The new JV will carry ~Rs 215bn of ring fenced, non-recourse debt, significantly strengthening JSW Steel’s capital structure and enhancing its ability to fund ongoing capex at Dolvi, Vijayanagar, Odisha Phase-1, and Salav," the domestic brokerage said.

It kept a ‘Neutral’ call on the stock, with a target price of Rs 1,228 per share. This implies an upside potential of more than 5 percent from the stock’s current market price.
<h3>Elara Capital on JSW Steel:</h3>
Elara Capital said that the joint venture with JFE Steel Corporation of Japan brings together the execution strength of JSW Steel and the manufacturing technology expertise of JFE Corporation, enabling a wider portfolio of value-added steel products.

However, the domestic brokerage advised caution as it believes that the recent positives have already been priced in the stock price. It maintained its ‘Sell’ rating on the stock with a target price of Rs 994 per share. This implies a downside potential of nearly 15 percent from the stock’s current market share.
<h3>JSW Steel share price:</h3>
JSW Steel shares have fallen nearly 2 percent in the past five days, but gained more than 20 percent in the past six months.

The stock is up around 29 percent in 2025 so far. Its P/E ratio currently stands at around 51.

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.

JSW Steel shares rise 2% in two days: Brokerages remain bullish after firm's JV with Japan's JFE Steel

The shares of JSW Steel rose more than 1 percent on December 5, extending gains for the second consecutive session as brokerage issued bullish notes for the stock. This comes after the company announced a joint venture with Japan's JFE Steel.

The shares have now risen over 2 percent in two days, after falling 1.5 percent on the day the JV was announced (December 3).

JFE Steel on December 3 had announced that it will form 50:50 joint venture with JSW Steel for transfer of Bhushan Power &amp;amp; Steel integrated steel facility. JFE will invest Rs 15,750 crore (270 billion yen) in JV for transfer of BPSL integrated steel facility.

JSW had acquired Bhushan Power &amp;amp; Steel (BPSL) in 2021 through an IBC process. &quot;What was a 2.75 mtpa sick unit now stands proud as a profitable company with an enhanced capacity of 4.5 mtpa, employing 25,000 people,&quot; the company said.

Through this transaction, JSW will monetise part of its holding in BPSL, in order to accelerate the growth of the company, the firm said. The cash proceeds received from the transaction will strengthen the company's balance sheet even further and provide a clear runway for growth that will create significant value for its stakeholders, it said.
Motilal Oswal on JSW Steel:
Motilal Oswal Financial Services said JSW Steel's partnership will help reduce debt by Rs 35,000 crore and focus on capacity expansion. The domestic brokerage said that the restructuring and JV collectively will allow the company to monetize a significant portion of the value created through the turnaround of BPSL. This will let JSW Steel reduce debt and focus on the long-term growth plan of expanding capacity to 50 mtpa.

&quot;We remain positive on the company outlook, estimating double-digit revenue growth in FY26/FY27, driven by the ramp-up of new capacity and price recovery. Further, as input costs are expected to remain soft, we believe EBITDA margin will rebound to 18-19% in FY26/FY27 (~INR12,000/t in FY26E and ~INR13,500/t in FY27E) on account of domestic steel price recovery, led by safeguard duty. The recent development will support JSTL’s deleveraging plan. Its net debt-to-EBITDA ratio declined to 2.97x as of 2QFY26, which we expect to decline to 1.7x by FY27E, supported by robust operating profit,&quot; Motilal said.

The domestic brokerage kept a 'Buy' rating on the stock, with a target price of Rs 1,350 per share. This implies an upside potential of nearly 16 percent from the stock’s current market price.
JM Financial on JSW Steel:
JM Financial said that the transaction boosts JSW Steel's liquidity and enhances balance sheet capacity for organic and inorganic growth, supporting its long-term capex roadmap toward 50 mtpa by FY31. &quot;Management has emphasised that the JV will remain independent rather than merge with JSW Steel, ensuring governance clarity, financial ring-fencing and aligned partner participation. JSW will continue as co-owner, operator and project executor, retaining control over value creation,&quot; it said.

The domestic brokerage concluded that the deal strengthens JSW’s balance sheet, accelerates its long-term growth pathway and fits JFE’s global expansion strategy. JM Financial kept a 'Buy' call on the stock and a target price of Rs 1,350 per share, implying an upside potential of around 16 percent from the stock’s current market price.
Emkay Global on JSW Steel:
Emkay Global said that the restructuring unlocks value from BPSL and delivers a sharp balance-sheet reset. &quot;This monetization step also delivers a material balance-sheet benefit, with JSTL achieving Rs370bn of deleveraging following the sale and associated debt transfer. We understand immediate deleveraging and getting prepared for the next leg of capacity expansion cycle—at a time when steel consumption growing at 8-9% pa is expected to push the market into a deficit in the next 2–3 years— as key rationale for this transaction,&quot; the domestic brokerage said.

It kept an 'Add' rating on the stock, with a target price of Rs 1,200 per share. This implies an upside potential of nearly 3 percent from the stock’s current market price.
Yes Securities on JSW Steel:
Yes Securities in its note said that the move &quot;creates a clean, ring-fenced platform for the JV and unlocks significant embedded value within BPSL while setting the stage for the next leg of expansion&quot;. &quot;The new JV will carry ~Rs 215bn of ring fenced, non-recourse debt, significantly strengthening JSW Steel’s capital structure and enhancing its ability to fund ongoing capex at Dolvi, Vijayanagar, Odisha Phase-1, and Salav,&quot; the domestic brokerage said.

It kept a ‘Neutral’ call on the stock, with a target price of Rs 1,228 per share. This implies an upside potential of more than 5 percent from the stock’s current market price.
Elara Capital on JSW Steel:
Elara Capital said that the joint venture with JFE Steel Corporation of Japan brings together the execution strength of JSW Steel and the manufacturing technology expertise of JFE Corporation, enabling a wider portfolio of value-added steel products.

However, the domestic brokerage advised caution as it believes that the recent positives have already been priced in the stock price. It maintained its ‘Sell’ rating on the stock with a target price of Rs 994 per share. This implies a downside potential of nearly 15 percent from the stock’s current market share.
JSW Steel share price:
JSW Steel shares have fallen nearly 2 percent in the past five days, but gained more than 20 percent in the past six months.

The stock is up around 29 percent in 2025 so far. Its P/E ratio currently stands at around 51.

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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Life & Health Insurance Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Life & Health Insurance industry stocks.

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SPML Infra shares in focus after JV wins Rs 207 crore order from PHED, Rajasthan

RailTel Corporation shares in focus on project win from Ministry Of External Affairs

Stocks to Watch Today: Eternal, Biocon, ICICI Bank, HFCL, Ashoka Buildcon, MTAR Tech, Cochin Shipyard, Zen Tech, NBCC, SPML Infra in focus on 8 December

British American Tobacco affiliates offload 9% stake in ITC Hotels for Rs 3,856 crore, HCL Capital picks up 7% shares

JSW Steel shares rise 2% in two days: Brokerages remain bullish after firm's JV with Japan's JFE Steel

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