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Neomile Growth Fund offloads over 1% stake in Ratnaveer Precision Engineering, Moneyplant Gold & Jewellery Trading sells 1.7% stake in Vipul, Moneyplant Gold & Jewellery Trading buys 0.5% stake in HMA Agro Industries

* Neomile Growth Fund offloads over 1% stake in Ratnaveer Precision Engineering
* Moneyplant Gold & Jewellery Trading sells 1.7% stake in Vipul
* Moneyplant Gold & Jewellery Trading buys 0.5% stake in HMA Agro Industries

shorts/business/neomile-growth-fund-offloads-over-1-stake-in-ratnaveer-precision-engineering

Neomile Growth Fund, managed by Neomile Asset Managers, on April 10 sold over a percent stake in Ratnaveer Precision Engineering, the stainless steel washers manufacturer, via open market transactions.

Ratnaveer Precision Engineering shares closed 1.64 percent higher at Rs 145.78 after significant volatility during the day, with high volumes.

As per the bulk deals data, Neomile Growth Fund-Series I, the Category III Alternative Investment Fund, offloaded 7.24 lakh shares (1.06 percent stake) in Ratnaveer at Rs 145.01 per share, valued at Rs 10.5 crore. The fund had held 2.54 percent stake in the company as of December 2025.

However, Anant Jain has acquired 10 lakh shares (1.47 percent stake) in the Ratnaveer for Rs 14.88 crore, at a price of Rs 148.8 per share.
The brisk action was also seen in Medicamen Organics, Megastar Foods, Vipul, and HMA Agro Industries.
SB Opportunities Fund I, which held 3.55 percent stake as of January 24, pared some stake in Medicamen Organics on Friday, offloading 78,000 shares (0.64 percent stake) at Rs 28.27 per share, valued at Rs 22.05 lakh.

Singapore-incorporated variable capital company Vista Axis VCC's Quant Fund has bought 60,000 shares in Megastar Foods, the wheat products producer, at Rs 282.58 per share, valued at Rs 1.69 crore.

UAE-based company Moneyplant Gold &amp;amp; Jewellery Trading LLC has offloaded 24 lakh shares (1.7 percent stake) in real estate firm Vipul for Rs 2.41 crore at Rs 10.06 per share, however, Bal Krishan Chhabra picked up 14.66 lakh shares (1.04 percent stake) at same price, valued at Rs 1.47 crore.

Moneyplant Gold &amp;amp; Jewellery Trading held 6.59 percent stake in Vipul as of December 2025.

Further, Moneyplant Gold &amp;amp; Jewellery Trading has acquired 25.05 lakh shares (0.5 percent stake) in HMA Agro Industries at Rs 23.48 per share, amounting to Rs 5.88 crore.

Vipul shares closed at Rs 10.46 on the National Stock Exchange, up 1.95 percent, while HMA Agro Industries shares rallied 8.15 percent to Rs 23.75 amid significant volumes.

Neomile Growth Fund offloads over 1% stake in Ratnaveer Precision Engineering

Defence-related shares rallied up to 16 percent on Friday amid a broad-based upmove in the domestic equity market. The Nifty India Defence index rose 1.4 percent, with 17 of its 19 constituents trading in the green.

The index has been on an upward trend for the past seven trading sessions and has gained over 14 percent during the period.

Aequs emerged as the top gainer, surging 16 percent.

Bharat Forge and Dynamatic Technologies followed, advancing 3.43 percent and 2.9 percent, respectively.

Hindustan Aeronautics, Mazagon Dock Shipbuilders and Paras Defence and Space Technologies were trading higher by 1–2 percent.

According to brokerage JM Financial, shares of Hindustan Aeronautics offer a favourable risk-to-reward ratio, as the stock has declined 22 percent over the past six months compared to an 8 percent fall in the Nifty.

The brokerage has set a target price of Rs 4,875 for the stock, indicating a potential upside of 21 percent.

The rally in defence stocks was supported by broader market gains, as investors drew comfort from a ceasefire between the US and Iran.

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.

Defence shares rise up to 16% amid broad-based rally; Aequs, HAL, Paras Defence lead gains

Bank shares on Friday rebounded from the previous session’s losses, rising up to 3 percent, as investor sentiment improved following a ceasefire between the US and Iran. The two sides are scheduled to hold negotiations in Pakistan on Saturday.

Benchmark indices Sensex and Nifty advanced up to 1 percent in a broad-based rally led by financial stocks.

Financials, which have the highest weight on the benchmarks, have gained 8.8 percent so far this week.

The Nifty PSU and the private bank index rose 1.64 percent and 2.03 percent, respectively.

The Bank Nifty index, which had declined 1.5 percent in the previous session, recovered losses to rise up to 2 percent during the day. All its 14 constituents were trading in the green.

ICICI Bank emerged as the top gainer in the Bank Nifty pack, rising 3.3 percent to touch an intra-day high of Rs 1,323.7 per share on the NSE.

It was followed by Federal Bank and Axis Bank, which gained 2.38 percent and 2.34 percent, respectively.

State Bank of India, HDFC Bank, Punjab National Bank and Kotak Mahindra Bank were trading higher by 1-2 percent.

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.

Bank shares snap previous day's fall to rise up to 3%; ICICI, HDFC Bank lead gains

Wipro shares fell 0.72 percent despite buyback plans., Wipro to consider share buyback on April 16., Wipro secures Rs 9,314 crore deal with Olam Group.

* Wipro shares fell 0.72 percent despite buyback plans.
* Wipro to consider share buyback on April 16.
* Wipro secures Rs 9,314 crore deal with Olam Group.

Wipro shares fell after announcing a possible share buyback on April 16. The stock dropped 0.72% despite an earlier rise. Wipro also secured an eight-year, Rs 9,314 crore deal with Olam Group and will acquire its IT arm, Mindsprint, for Rs 3,494 crore.

shorts/business/wipro-declines-up-to-2-after-it-firm-announces-plan-to-consider-share-buyback

Wipro shares declined on Friday after the IT firm said it will consider a share buyback on April 16.

The stock was trading at Rs 201.49 per share on the NSE, down 0.72 percent. It has been on a losing trend for the past three trading sessions.

Earlier in the day, the stock had opened on a positive note, rising 2.8 percent, and touched an intra-day high of Rs 208.7, up 2.87 percent.

This will be the first instance in nearly three years that the Bengaluru-based IT services company will evaluate a share buyback. Its last buyback exercise was conducted in June 2023.

In that round, the company repurchased shares worth Rs 12,000 crore between June 22 and June 30, acquiring 26.96 crore equity shares, representing 4.91 percent of its total equity, at Rs 445 per share.

The company’s management had earlier said during its third-quarter results that buybacks would continue to be a key route to return excess cash to shareholders.

Earlier this week, the company secured an eight-year transformation deal with Singapore-based food and agri-business major Olam Group, which is expected to exceed about Rs 9,314 crore in contract value.

As part of the broader engagement, Wipro said it will acquire Olam Group's IT and digital services business, Mindsprint Pte. Ltd., for about Rs 3,494 crore.

&quot;Wipro has secured a multi-year strategic transformation deal with Olam Group, a leading USD 50+ Billion Food and Agri-business headquartered in Singapore, employing nearly 40,000 people, and majority-owned by Temasek Holdings. This 8-year deal with Olam Group is expected to exceed USD 1 billion in contract value, with a committed spend of USD 800 million.

&quot;As part of this broader engagement, Wipro will acquire Mindsprint, Olam Group's IT services arm,&quot; Wipro said in an exchange filing on Monday.

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.

Wipro declines after IT firm announces plan to consider share buyback

Onyx Biotec, New India Assurance surged above key moving averages, Info Edge, APL Apollo, Welspun saw declines below moving averages, Market shows stock-specific moves based on technical cues

* Onyx Biotec, New India Assurance surged above key moving averages
* Info Edge, APL Apollo, Welspun saw declines below moving averages
* Market shows stock-specific moves based on technical cues

On April 10, stocks showed sharp moves driven by technical cues. Onyx Biotec, New India Assurance, Sylvan Plyboard, Hind Rectifiers, and Nectar Lifesciences surged above key averages, while Info Edge, APL Apollo, Welspun Investments, and others slipped below.

shorts/business/momentum-stocks-onyx-biotec-new-india-assurance-rally-info-edge-apl-apollo-see-negative-breakdowns

In a market driven by technical cues, several stocks witnessed sharp price action on April 10, with some moving above key moving averages, signalling strengthening momentum, while others slipped below important levels, indicating weakness.

Among the positive breakouts, Onyx Biotec surged 13.33 percent to Rs 38.00, trading above its 30-day and 50-day moving averages. New India Assurance jumped 10.84 percent to Rs 148.61, crossing above its 30-day and 50-day moving averages, indicating improving near-term sentiment.

Sylvan Plyboard rose 9.42 percent to Rs 51.00, trading above its key short-term averages, while Hind Rectifiers advanced 7.13 percent to Rs 765.10, moving above both short-term and long-term moving averages, signalling strong momentum. Nectar Lifesciences gained 6.24 percent to Rs 11.75, trading above its 30-day average, though it remains below longer-term levels.

On the downside, several stocks witnessed negative breakouts, slipping below key moving averages and reflecting selling pressure.

Info Edge declined 0.89 percent to Rs 985.00, trading below its 30-day and 50-day moving averages and remaining well below its longer-term averages. APL Apollo fell 0.64 percent to Rs 2,026.40, slipping below its short-term averages, though it continues to hold above its long-term levels.

Welspun Investments edged lower by 0.33 percent to Rs 1,272.40, trading below its 30-day and 50-day averages. Le Travenues Technology declined 0.29 percent to Rs 169.09, falling below key averages and remaining under pressure.

LCC Infotech slipped 0.21 percent to Rs 4.83, trading below its short-term averages, indicating weak momentum.

The divergence in price action highlights a stock-specific market, with traders closely tracking technical levels for cues on further direction, as breakouts above moving averages signal strengthening trends, while breakdowns point to continued weakness.

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Neomile Growth Fund offloads over 1% stake in Ratnaveer Precision Engineering

Defence shares rise up to 16% amid broad-based rally; Aequs, HAL, Paras Defence lead gains

Bank shares snap previous day's fall to rise up to 3%; ICICI, HDFC Bank lead gains

Wipro declines after IT firm announces plan to consider share buyback

Momentum Stocks: Onyx Biotec, New India Assurance rally; Info Edge, APL Apollo see negative breakdowns

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

Gainers/Losers

Industry Market Map

Earnings Review-Q4 FY25-26

Stock News

Neomile Growth Fund offloads over 1% stake in Ratnaveer Precision Engineering

Defence shares rise up to 16% amid broad-based rally; Aequs, HAL, Paras Defence lead gains

Bank shares snap previous day's fall to rise up to 3%; ICICI, HDFC Bank lead gains

Wipro declines after IT firm announces plan to consider share buyback

Momentum Stocks: Onyx Biotec, New India Assurance rally; Info Edge, APL Apollo see negative breakdowns

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