< -5%

City Online

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Bharti Air PP

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0% to 3%

3% to 5%

Holani Venture Capital was holding 2.1 percent stake, and Meru Investment Fund 1.3 percent shares in Shyam Dhani as of December 29.

shorts/business/holani-venture-capital-meru-investment-fund-acquire-additional-over-3-stake-in-shyam-dhani-industries

Holani Venture Capital, and Meru Investment Fund have acquired additional more than 3 percent equity stake in Shyam Dhani Industries, the Jaipur-based spices maker, via open market transactions on January 2.

<a href="https://www.moneycontrol.com/india/stockpricequote/consumer-food/shyamdhaniindustries/SDI01">Shyam Dhani</a> shares rebounded 0.52 percent to Rs 126.75 on Friday, following 5 percent correction each in previous two sessions. The correction was especially after its stellar debut on December 30 when it closed with 99.5 percent rally at Rs 139.65.

As per the bulk deals data, Holani Group's Holani Venture Capital Fund- I has bought 2.5 lakh shares (1.21 percent of paid-up equity) at Rs 119.8 per share for Rs 2.99 crore, and Meru Investment Fund PCC- CELL 1 (which acts anchor investor in SME IPOs) picked up 4 lakh shares (1.9 percent stake) at same price for Rs 4.79 crore.

According to the shareholding pattern published on December 29, a day before the listing, Holani Venture Capital was holding 2.1 percent stake, and Meru Investment Fund 1.3 percent shares in Shyam Dhani.

Meanwhile, the buying interest from fund houses continued in <a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/kvtoysindia/TIL09">KV Toys India</a>, which involves in contract manufacturing and sale of plastic-moulded and metal-based toys, though the stock price finished 0.25 percent lower at Rs 335.55.

Generational Capital Breakout Fund 1, owned by Satwik Jain founded multi-family office Generational Capital, has bought 34,800 equity shares (0.55 percent stake) at Rs 336.85 per share for Rs 1.17 crore.

In previous session, Royal Alpha Opportunity Fund and Vorton Opportunities Fund had picked up over 1.2 percent stake in KV Toys India.

Asset Reconstruction Company India has offloaded 14.48 lakh shares in <a href="https://www.moneycontrol.com/india/stockpricequote/hotels/viceroyhotels/VH04">Viceroy Hotels</a> at Rs 130.16 per share for Rs 18.85 crore. Despite this, the stock rallied 3.86 percent to Rs 140.80.

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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.

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Holani Venture Capital, Meru Investment Fund acquire additional over 3% stake in Shyam Dhani Industries

Holani Venture Capital, and Meru Investment Fund have acquired additional more than 3 percent equity stake in Shyam Dhani Industries, the Jaipur-based spices maker, via open market transactions on January 2.

Shyam Dhani shares rebounded 0.52 percent to Rs 126.75 on Friday, following 5 percent correction each in previous two sessions. The correction was especially after its stellar debut on December 30 when it closed with 99.5 percent rally at Rs 139.65.

As per the bulk deals data, Holani Group's Holani Venture Capital Fund- I has bought 2.5 lakh shares (1.21 percent of paid-up equity) at Rs 119.8 per share for Rs 2.99 crore, and Meru Investment Fund PCC- CELL 1 (which acts anchor investor in SME IPOs) picked up 4 lakh shares (1.9 percent stake) at same price for Rs 4.79 crore.

According to the shareholding pattern published on December 29, a day before the listing, Holani Venture Capital was holding 2.1 percent stake, and Meru Investment Fund 1.3 percent shares in Shyam Dhani.

Meanwhile, the buying interest from fund houses continued in KV Toys India, which involves in contract manufacturing and sale of plastic-moulded and metal-based toys, though the stock price finished 0.25 percent lower at Rs 335.55.

Generational Capital Breakout Fund 1, owned by Satwik Jain founded multi-family office Generational Capital, has bought 34,800 equity shares (0.55 percent stake) at Rs 336.85 per share for Rs 1.17 crore.

In previous session, Royal Alpha Opportunity Fund and Vorton Opportunities Fund had picked up over 1.2 percent stake in KV Toys India.

Asset Reconstruction Company India has offloaded 14.48 lakh shares in Viceroy Hotels at Rs 130.16 per share for Rs 18.85 crore. Despite this, the stock rallied 3.86 percent to Rs 140.80.

ITC shares plunged 14 percent in two days after new excise duty on cigarettes, State insurers lost Rs 13,740 crore in notional wealth from ITC's sharp selloff., ITC's market cap fell by Rs 72,000 crore in two days, now at Rs 4,38,639 crore

* ITC shares plunged 14 percent in two days after new excise duty on cigarettes
* State insurers lost Rs 13,740 crore in notional wealth from ITC's sharp selloff.
* ITC's market cap fell by Rs 72,000 crore in two days, now at Rs 4,38,639 crore

ITC shares plunged over 14% in two days after a new excise duty on cigarettes, wiping out Rs 72,000 crore in market value. State insurers LIC, GIC, and New India Assurance saw notional losses totaling Rs 13,740 crore due to the sharp selloff.

shorts/business/lic-loses-rs-11-500-crore-as-itc-shares-decline-up-to-14-in-two-days-here-s-why

* ITC shares plunged 14 percent in two days after new excise duty on cigarettes
* State insurers lost Rs 13,740 crore in notional wealth from ITC's sharp selloff.
* ITC's market cap fell by Rs 72,000 crore in two days, now at Rs 4,38,639 crore

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/diversified/itc/ITC">ITC</a> have seen sharp decline over two days after government’s new excise duty on cigarettes. The sharp selloff caused significant notional losses for its investors, including state-owned insurers like LIC.

ITC shares plunged 5 percent to hit a fresh 52-week low of Rs 345.25 apiece on January 2, before paring some losses. The stock has fallen more than 14 percent in just two trading days in 2026.
<h3><strong>Selloff wipes off Rs 13,740 crore from 3 insurers' wealth:</strong></h3>
According to data on ITC's shareholding pattern as at the end of the July-September quarter of the financial year 2026, the entire 100 percent stake in the company is held by public shareholders and no promoter or promoter groups.

<a href="https://www.moneycontrol.com/india/stockpricequote/lifehealth-insurance/lifeinsurancecorporationindia/LIC09">Life Insurance Corporation of India</a> (LIC) held 15.86 percent stake in ITC, while General Insurance Corporation of India (GIC) held 1.73 percent stake, and The New India Assurance Company Limited held 1.4 percent stake.

LIC would be sitting at a notional loss of more than Rs 11,468 crore due to ITC’s selloff. Its total stake would be worth Rs 68,560 crore at the record low level, down from Rs 80,028 crore at December 31’s closing level.

Similarly, <a href="https://www.moneycontrol.com/india/stockpricequote/diversified/generalinsurancecorporationindia/GIC12">General Insurance Corporation of India</a> (GIC) would have incurred a notional loss of around Rs 1,254 crore and <a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/newindiaassurancecompany/NIA">New India Assurance Company</a> at Rs 1,018 crore in just two days due to ITC’s selloff.

Hence, the sharp selloff wiped off Rs 13,740 crore from these three state-run insurers' portfolio in just two days. It is important to note that these are notional losses as these insurers will incur the losses only if they sell at these 52-week low levels.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/brokerages-bearish-on-itc-as-excise-duty-on-cigarettes-may-hit-earnings-growth-slash-target-prices-by-up-to-34-13753936.html">Brokerages bearish on ITC as excise duty on cigarettes may hit earnings growth</a>
<h3><strong>ITC share price:</strong></h3>
ITC shares later recovered some losses to close around 4 percent lower at Rs 350.10 apiece on January 2. The stock has fallen more than 13 percent in the past five days, and over 15 percent in the past six months.

The sharp selloff wiped off Rs 72,000 crore from the company’s market capitalisation in just two days. It now stands at around Rs 4,38,639 crore. The stock currently has a P/E ratio of 22.59.

LIC shares closed nearly 1 percent higher at Rs 861 apiece, while General Insurance Corporation of India shares ended in the session with marginal gains at Rs 380 apiece.

<em>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.</em>

LIC loses Rs 11,500 crore as ITC shares decline up to 14% in two days: Here's why

The shares of ITC have seen sharp decline over two days after government’s new excise duty on cigarettes. The sharp selloff caused significant notional losses for its investors, including state-owned insurers like LIC.

ITC shares plunged 5 percent to hit a fresh 52-week low of Rs 345.25 apiece on January 2, before paring some losses. The stock has fallen more than 14 percent in just two trading days in 2026.
Selloff wipes off Rs 13,740 crore from 3 insurers' wealth:
According to data on ITC's shareholding pattern as at the end of the July-September quarter of the financial year 2026, the entire 100 percent stake in the company is held by public shareholders and no promoter or promoter groups.

Life Insurance Corporation of India (LIC) held 15.86 percent stake in ITC, while General Insurance Corporation of India (GIC) held 1.73 percent stake, and The New India Assurance Company Limited held 1.4 percent stake.

LIC would be sitting at a notional loss of more than Rs 11,468 crore due to ITC’s selloff. Its total stake would be worth Rs 68,560 crore at the record low level, down from Rs 80,028 crore at December 31’s closing level.

Similarly, General Insurance Corporation of India (GIC) would have incurred a notional loss of around Rs 1,254 crore and New India Assurance Company at Rs 1,018 crore in just two days due to ITC’s selloff.

Hence, the sharp selloff wiped off Rs 13,740 crore from these three state-run insurers' portfolio in just two days. It is important to note that these are notional losses as these insurers will incur the losses only if they sell at these 52-week low levels.

Also read: Brokerages bearish on ITC as excise duty on cigarettes may hit earnings growth
ITC share price:
ITC shares later recovered some losses to close around 4 percent lower at Rs 350.10 apiece on January 2. The stock has fallen more than 13 percent in the past five days, and over 15 percent in the past six months.

The sharp selloff wiped off Rs 72,000 crore from the company’s market capitalisation in just two days. It now stands at around Rs 4,38,639 crore. The stock currently has a P/E ratio of 22.59.

LIC shares closed nearly 1 percent higher at Rs 861 apiece, while General Insurance Corporation of India shares ended in the session with marginal gains at Rs 380 apiece.

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.

Nifty Metal index hit a record high, gaining over 5 percent in four sessions, National Aluminium Company led gains, rising nearly 5 percent, Weak dollar, China factory growth, and higher global metal prices boosted stocks

* Nifty Metal index hit a record high, gaining over 5 percent in four sessions
* National Aluminium Company led gains, rising nearly 5 percent
* Weak dollar, China factory growth, and higher global metal prices boosted stocks

Metal stocks rose for a fourth session, with National Aluminium up 5% and Nifty Metal hitting a record high. Gains were driven by a weaker dollar, China’s factory growth, and rising global metal prices, boosting demand and earnings outlook.

shorts/business/metal-index-hits-record-high-rises-for-4th-day-nalco-hind-copper-others-gain-up-to-5-here-are-three-reasons

* Nifty Metal index hit a record high, gaining over 5 percent in four sessions
* National Aluminium Company led gains, rising nearly 5 percent
* Weak dollar, China factory growth, and higher global metal prices boosted stocks

Shares of metal firms extended gains for the fourth straight session on Friday, with National Aluminium Company, Hindustan Copper and others rising up to 5 percent on strong buying interest.

The Nifty Metal index climbed to a fresh record high of 11,433.80 during the session. Twelve of its 15 constituents settled in the green. The index has gained over 5 percent in the past four sessions. It gained in 11 out of the last 12 sessions.

<a href="https://www.moneycontrol.com/india/stockpricequote/aluminium/nationalaluminiumcompany/NAC">National Aluminium Company</a> led the pack, settling nearly 5 percent higher at Rs 329.55 per share on the NSE.

<a href="https://www.moneycontrol.com/india/stockpricequote/metals-non-ferrous/hindustancopper/HC07">Hindustan Copper</a> rose 3.7 percent, while Hindalco Industries gained 3.5 percent.

Other stocks such as Hindustan Zinc, Vedanta, Jindal Steel and NMDC were also higher, rising up to 2.5 percent.

<span style="text-decoration: underline;"><strong>Key factors supporting metal stocks</strong></span>

<strong>1) Weak dollar: </strong>The dollar index registered a 9.4 percent decline in 2025 — its biggest fall in eight years. A weaker dollar makes commodities priced in the US currency cheaper for buyers using other currencies, supporting demand and prices of metals.

<strong>2) China data: </strong>China’s factory activity unexpectedly returned to expansion in December after eight straight months of contraction. The official purchasing managers’ index rose to 50.1 in December from 49.2 in November, according to data released by the National Bureau of Statistics, crossing the 50-mark that separates growth from contraction and beating market expectations, reported Reuters.

<strong>3) Global metal prices: </strong>Aluminium prices on the London Metal Exchange touched $3,000 a tonne for the first time since 2022. Higher global prices tend to improve earnings outlook for metal producers.

<em><strong>Disclaimer:</strong> 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.</em>

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.

Metal index hits record high, rises for 4th day; Nalco, Hind Copper, others gain up to 5%: Here are three reasons

Shares of metal firms extended gains for the fourth straight session on Friday, with National Aluminium Company, Hindustan Copper and others rising up to 5 percent on strong buying interest.

The Nifty Metal index climbed to a fresh record high of 11,433.80 during the session. Twelve of its 15 constituents settled in the green. The index has gained over 5 percent in the past four sessions. It gained in 11 out of the last 12 sessions.

National Aluminium Company led the pack, settling nearly 5 percent higher at Rs 329.55 per share on the NSE.

Hindustan Copper rose 3.7 percent, while Hindalco Industries gained 3.5 percent.

Other stocks such as Hindustan Zinc, Vedanta, Jindal Steel and NMDC were also higher, rising up to 2.5 percent.

Key factors supporting metal stocks

1) Weak dollar: The dollar index registered a 9.4 percent decline in 2025 — its biggest fall in eight years. A weaker dollar makes commodities priced in the US currency cheaper for buyers using other currencies, supporting demand and prices of metals.

2) China data: China’s factory activity unexpectedly returned to expansion in December after eight straight months of contraction. The official purchasing managers’ index rose to 50.1 in December from 49.2 in November, according to data released by the National Bureau of Statistics, crossing the 50-mark that separates growth from contraction and beating market expectations, reported Reuters.

3) Global metal prices: Aluminium prices on the London Metal Exchange touched $3,000 a tonne for the first time since 2022. Higher global prices tend to improve earnings outlook for metal producers.

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.

Jefferies selects JSW Energy, NTPC as top power stocks amid demand recovery., Power demand CAGR seen at 5-6 percent, driven by data centres and EV sales, JSW Energy and NTPC shares rose over 7 percent in the past five days

* Jefferies selects JSW Energy, NTPC as top power stocks amid demand recovery.
* Power demand CAGR seen at 5-6 percent, driven by data centres and EV sales
* JSW Energy and NTPC shares rose over 7 percent in the past five days

Jefferies expects power producer stocks like JSW Energy and NTPC to rebound as demand recovers, driven by data center growth and EV sales. Both firms are investing in new projects, with power demand growth seen at 5-6% and renewables set to rise by 2026.

shorts/business/jefferies-sees-power-stocks-bouncing-back-in-2026-on-demand-recovery-jsw-energy-ntpc-among-top-picks

* Jefferies selects JSW Energy, NTPC as top power stocks amid demand recovery.
* Power demand CAGR seen at 5-6 percent, driven by data centres and EV sales
* JSW Energy and NTPC shares rose over 7 percent in the past five days

The shares of NTPC and JSW Energy jumped in trade on January 2 after Jefferies listed them as its top picks in the power sector, while outlining expectations for the rebound in the sector.

The international brokerage in its latest note said that power producer stocks are expected to be bouncing back as demand recovers after unseasonal rains dampened need for consumer durables last year.

The international brokerage said that JSW Energy and NTPC are its top picks in the sector as they invest in new projects and execute power purchase contracts.

Medium-term power demand CAGR is expected to return to 5-6 percent levels on the back of data centre expansion and rising EV sales, Jefferies said. It added that renewable energy purchase agreements and thermal power capacity additions will likely gather pace in 2026.
<h3><strong>JSW Energy share price:</strong></h3>
<a href="https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/jswenergy/JE01">JSW Energy</a> shares rose 2.5 percent to Rs 514.55 apiece on January 2, extending gains for the third consecutive session. The stock has risen more than 7 percent in the past five days, but fell over 1 percent in the past six months.

The stock fell over 20 percent in the past one year, and has a P/E ratio of around 39. The company’s market capitalization stands at Rs 89,477 crore.
<h3><strong>NTPC share price:</strong></h3>
The shares of state-run <a href="https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/ntpc/NTP">NTPC</a> jumped nearly 4 percent to Rs 349.3 apiece, the highest level seen by the stock since October 29. The shares have risen over 7 percent in the past five days, and over 4.5 percent in the past six months.

The stock's P/E ratio currently stands at 14.43, and the company has a market capitalisation of Rs 3,38,317 crore.
<h3><strong>Here's what JM Financial said:</strong></h3>
JM Financial in a note earlier last month said that electricity demand is becoming very sensitive to changes in weather. It explained that power demand remained almost flat between April and November last year due to excessive rains.

“The APEC Climate Center in its monthly outlook sees an "enhanced probability" of above-normal temperatures in India during Apr-Jun’26. Skymet said there is currently more than a 60% probability of El Nino and the 2026 monsoon could turn out to be subpar. Going forward, we remain watchful on subsequent estimates on ENSO probabilities that can have meaningful impact of power demand,” it added.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-flat-start-asian-markets-gain-liveblog-13753233.html">LIVE updates</a> from the stock markets here.

<em>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.</em>

NTPC, JSW Energy rise up to 4% as Jefferies expects power stocks to rebound in 2026

The shares of NTPC and JSW Energy jumped in trade on January 2 after Jefferies listed them as its top picks in the power sector, while outlining expectations for the rebound in the sector.

The international brokerage in its latest note said that power producer stocks are expected to be bouncing back as demand recovers after unseasonal rains dampened need for consumer durables last year.

The international brokerage said that JSW Energy and NTPC are its top picks in the sector as they invest in new projects and execute power purchase contracts.

Medium-term power demand CAGR is expected to return to 5-6 percent levels on the back of data centre expansion and rising EV sales, Jefferies said. It added that renewable energy purchase agreements and thermal power capacity additions will likely gather pace in 2026.
JSW Energy share price:
JSW Energy shares rose 2.5 percent to Rs 514.55 apiece on January 2, extending gains for the third consecutive session. The stock has risen more than 7 percent in the past five days, but fell over 1 percent in the past six months.

The stock fell over 20 percent in the past one year, and has a P/E ratio of around 39. The company’s market capitalization stands at Rs 89,477 crore.
NTPC share price:
The shares of state-run NTPC jumped nearly 4 percent to Rs 349.3 apiece, the highest level seen by the stock since October 29. The shares have risen over 7 percent in the past five days, and over 4.5 percent in the past six months.

The stock's P/E ratio currently stands at 14.43, and the company has a market capitalisation of Rs 3,38,317 crore.
Here's what JM Financial said:
JM Financial in a note earlier last month said that electricity demand is becoming very sensitive to changes in weather. It explained that power demand remained almost flat between April and November last year due to excessive rains.

“The APEC Climate Center in its monthly outlook sees an &quot;enhanced probability&quot; of above-normal temperatures in India during Apr-Jun’26. Skymet said there is currently more than a 60% probability of El Nino and the 2026 monsoon could turn out to be subpar. Going forward, we remain watchful on subsequent estimates on ENSO probabilities that can have meaningful impact of power demand,” it added.

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.

Olectra Greentech starts EV factory operations in Hyderabad, Olectra Greentech shares jump 6 percent, JBM Auto rises nearly 8 percent, Hyderabad facility can produce 2,500 buses per shift annually in Phase-I

* Olectra Greentech starts EV factory operations in Hyderabad
* Olectra Greentech shares jump 6 percent, JBM Auto rises nearly 8 percent
* Hyderabad facility can produce 2,500 buses per shift annually in Phase-I

Olectra Greentech shares rose 6% to a one-month high after starting operations at its Hyderabad EV plant, which can produce 2,500 buses annually in Phase I. Peer JBM Auto shares jumped nearly 8%, rebounding from a two-session losing streak.

shorts/business/olectra-greentech-shares-jump-6-as-operations-begin-at-hyderabad-ev-plant-jbm-auto-up-8

* Olectra Greentech starts EV factory operations in Hyderabad
* Olectra Greentech shares jump 6 percent, JBM Auto rises nearly 8 percent
* Hyderabad facility can produce 2,500 buses per shift annually in Phase-I

Olectra Greentech shares jumped 6 percent to a one-month high on January 2 after the company announced the beginning of operations at its EV facility in Hyderabad. The shares of peer JBM Auto jumped nearly 8 percent, snapping a two-session losing streak.

Olectra Greentech shares surged to Rs 1,274.80 apiece. JBM Auto shares saw rub-off effect, rising to Rs 673.40 apiece.
<h3><strong>Olectra Greentech begins operations at Hyderabad EV factory:</strong></h3>
In an exchange filling released in the post market hours of January 1, <a href="https://www.moneycontrol.com/india/stockpricequote/telecommunications-service/olectragreentech/GI29">Olectra Greentech</a> declared December 31 as the commercial operation date (COD) for its greenfield electric vehicle (EV) manufacturing facility situated at Seetharampur in Telangana’s Hyderabad.

The facility is expected to have an annual per shift production capacity of 2,500 buses. “This Phase-I capacity achievement of 2,500 buses Per Annum represent 50% of the planned per shift annual capacity of 5,000 buses Per Annum,” it added.

The company added that the declaration has been communicated to lender State Bank of India (SBI).
<h3><strong>Olectra Greentech share price:</strong></h3>
Olectra Greentech shares have risen around 3 percent in the past five days, but fell more than 16 percent in the past one year.

The company currently has a market capitalization of Rs 10,258 crore, and the stock’s P/E ratio stands at more than Rs 71.

Around 18.80 lakh shares of the company changed hands on the NSE within the first two hours of trading on Friday, higher than nearly 62,500 shares traded till the same time Thursday, according to Informist.
<h3><strong>JBM Auto share price:</strong></h3>
<a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries/jbmauto/JBM03">JBM Auto</a> shares rise around 9 percent in the past five days, and around 3 percent in the past six months. This comes after the stock fell more than 16 percent in the past one year.

Within the first two hours of trading on Friday, nearly 80 lakh shares of the company changed hands on the NSE, higher than nearly 1.53 lakh shares traded till the same time on Thursday, according to Informist.

The company has a market capitalisation of Rs 15,753 crore, and the stock’s P/E ratio currently stands at 56.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-flat-start-asian-markets-gain-liveblog-13753233.html">LIVE updates</a> from the stock markets here.

<em>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.</em>

Olectra Greentech shares jump 6% as operations begin at Hyderabad EV plant; JBM Auto up 8%

Olectra Greentech shares jumped 6 percent to a one-month high on January 2 after the company announced the beginning of operations at its EV facility in Hyderabad. The shares of peer JBM Auto jumped nearly 8 percent, snapping a two-session losing streak.

Olectra Greentech shares surged to Rs 1,274.80 apiece. JBM Auto shares saw rub-off effect, rising to Rs 673.40 apiece.
Olectra Greentech begins operations at Hyderabad EV factory:
In an exchange filling released in the post market hours of January 1, Olectra Greentech declared December 31 as the commercial operation date (COD) for its greenfield electric vehicle (EV) manufacturing facility situated at Seetharampur in Telangana’s Hyderabad.

The facility is expected to have an annual per shift production capacity of 2,500 buses. “This Phase-I capacity achievement of 2,500 buses Per Annum represent 50% of the planned per shift annual capacity of 5,000 buses Per Annum,” it added.

The company added that the declaration has been communicated to lender State Bank of India (SBI).
Olectra Greentech share price:
Olectra Greentech shares have risen around 3 percent in the past five days, but fell more than 16 percent in the past one year.

The company currently has a market capitalization of Rs 10,258 crore, and the stock’s P/E ratio stands at more than Rs 71.

Around 18.80 lakh shares of the company changed hands on the NSE within the first two hours of trading on Friday, higher than nearly 62,500 shares traded till the same time Thursday, according to Informist.
JBM Auto share price:
JBM Auto shares rise around 9 percent in the past five days, and around 3 percent in the past six months. This comes after the stock fell more than 16 percent in the past one year.

Within the first two hours of trading on Friday, nearly 80 lakh shares of the company changed hands on the NSE, higher than nearly 1.53 lakh shares traded till the same time on Thursday, according to Informist.

The company has a market capitalisation of Rs 15,753 crore, and the stock’s P/E ratio currently stands at 56.

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.

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

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Industry Market Map

Earnings Review-Q3 FY25-26

Stock News

Holani Venture Capital, Meru Investment Fund acquire additional over 3% stake in Shyam Dhani Industries

LIC loses Rs 11,500 crore as ITC shares decline up to 14% in two days: Here's why

Metal index hits record high, rises for 4th day; Nalco, Hind Copper, others gain up to 5%: Here are three reasons

NTPC, JSW Energy rise up to 4% as Jefferies expects power stocks to rebound in 2026

Olectra Greentech shares jump 6% as operations begin at Hyderabad EV plant; JBM Auto up 8%

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

Gainers/Losers

Industry Market Map

Earnings Review-Q3 FY25-26

Stock News

Holani Venture Capital, Meru Investment Fund acquire additional over 3% stake in Shyam Dhani Industries

LIC loses Rs 11,500 crore as ITC shares decline up to 14% in two days: Here's why

Metal index hits record high, rises for 4th day; Nalco, Hind Copper, others gain up to 5%: Here are three reasons

NTPC, JSW Energy rise up to 4% as Jefferies expects power stocks to rebound in 2026

Olectra Greentech shares jump 6% as operations begin at Hyderabad EV plant; JBM Auto up 8%

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