Stocks

Mumbai, January 13, 2026: Larsen & Toubro Limited has moved to consolidate its offshore marine construction operations by acquiring the remaining 40 percent stake in its joint venture arm, L&T Sapura Shipping Private Limited, from its partner Sapura Nautical Power Pte Ltd. With this transaction, the subsidiary will become a wholly owned arm of the engineering and construction major. Transaction Overview The acquisition involves the purchase of 6.35 crore equity shares of L&T Sapura Shipping at a price of ₹19.26 per share, translating into a total equity consideration of approximately ₹1,224 crore. Alongside the equity acquisition, the subsidiary will also fully repay an outstanding shareholder loan of USD 16.93 million to the exiting...

Mumbai, January 13, 2026: Balu Forge Industries Limited on Tuesday said that an income tax search conducted at certain offices and manufacturing units has concluded, with no incriminating documents found during the operation.The company stated that the search, which commenced on January 7 and concluded on January 13, was carried out smoothly, with full cooperation extended by the company, its promoters, and key managerial personnel. All documents, clarifications, and details sought during the process were duly provided.Balu Forge clarified that its business operations and production activities continued as usual throughout the period and were not disrupted in any manner. The company further noted that there has been no material...

Mumbai, January 13, 2026 (IST): A busy corporate calendar is set for Tuesday as 22 listed companies across sectors convene board meetings to deliberate on December quarter (Q3 FY26) financial results, fund-raising proposals, dividend considerations, and other strategic matters. Heavyweights such as Tata Elxsi Limited, ICICI Lombard General Insurance Company Limited, ICICI Prudential Life Insurance Company Limited, Just Dial Limited, and Bank of Maharashtra anchor the day’s agenda. The meetings are expected to shape near-term market cues as investors track earnings momentum, capital actions, and balance-sheet updates. Companies Announcing Q3 FY26 Financial Results A majority of the meetings focus on approving unaudited or audited results...

Mumbai, Monday, January 12, 2026: Vedanta Limited shares traded higher in early deals on Monday after a key milestone was achieved in the group’s long-awaited corporate restructuring exercise. The stock was trading at ₹617.70, up ₹7.80 or 1.28 percent, reflecting steady investor confidence as the company moves closer to executing its demerger roadmap. Market Snapshot (as of 09:21 AM IST)ParticularsDetailsCurrent Price₹617.70Previous Close₹609.90Day’s High / Low₹625.10 / ₹617.45Opening Price₹619.00VWAP₹620.7452-Week High / Low₹629.90 / ₹362.20Market Capitalisation₹2.42 lakh croreFree-Float Market Cap₹1.04 lakh croreTurnover₹8.16 croreTraded Quantity1.32 lakh sharesVedanta remains part of the BSE 100...

Mumbai, January 12, 2026 (IST): Shares of ACC Ltd declined to a 52-week low of ₹1,701 during early trade on Monday, extending the stock’s downward trend over recent months as it trades near the lower end of its annual range. At around 9:16 am IST, the stock was trading at ₹1,701.40, down ₹2.10 or 0.12 percent from the previous close of ₹1,703.50. The session opened at the day’s low, indicating cautious sentiment at current levels. Price and Trading Snapshot (as of 9:16 am IST)ParticularsDetailsCurrent Price₹1,701.40Day’s Low₹1,701.00Day’s High₹1,713.50Previous Close₹1,703.5052-Week Low₹1,701.0052-Week High₹2,123.30VWAP₹1,705.62Turnover₹13.40 lakhThe stock has now corrected sharply from its 52-week high of...

Mumbai, January 12, 2026: Shares of Tejas Networks Limited (BSE: 540595 | NSE: TEJASNET) came under sharp selling pressure in Monday’s pre-open session, with the stock indicated to open at ₹395.70, down ₹21 or 5.04% from its previous close of ₹416.70. The weakness follows the company’s disclosure of its unaudited financial results for the quarter and nine months ended December 31, 2025, which showed a steep year-on-year contraction in revenue and continued losses. Pre-Open Snapshot and Market Context In pre-open trade, Tejas Networks touched its 52-week low of ₹395.70, underscoring the market’s cautious response to the latest earnings. The stock is now significantly off its 52-week high of ₹1,150, reflecting sustained concerns around...

Mumbai, January 12, 2026: SKM Egg Products Export (India) Ltd ended Monday’s session lower after beginning trade on an ex-split basis, following the sub-division of its equity shares from a face value of ₹10 to ₹5 per share. The stock closed at ₹159.90, down ₹12.25 or 7.12 percent from the adjusted reference price, after witnessing sustained selling pressure through the session. The decline reflects post-split market dynamics rather than any change in the company’s fundamentals. Stock Split Adjustment Explained The face value split became effective on January 12, 2026, under which each equity share of face value ₹10 was subdivided into two equity shares of face value ₹5 each. This constitutes a 1:2 stock split. Based on the previous...

Hyderabad, January 11, 2026: MedPlus Health Services Limited informed stock exchanges on Sunday that one of its subsidiary-operated pharmacy outlets in Karnataka has received a temporary suspension of its drug licence, impacting operations for a brief period.The development relates to Optival Health Solutions Private Limited, a wholly owned subsidiary of MedPlus Health Services, which operates a pharmacy store located on S Rammurthy Road in Virajpet, Karnataka. The suspension order was received on January 10, 2026, and mandates a two-day halt in operations at the concerned outlet.Details of the Action The order was issued by the Assistant Director, Drugs Control Administration, Madikeri Circle, and applies specifically to the...

New Delhi, January 9, 2026: Ola Electric Mobility Limited (NSE: OLAELEC) witnessed selling pressure in Friday’s trade after Japanese investment major SoftBank pared its stake in the electric two-wheeler manufacturer through its investment arm, SVF II Ostrich (DE) LLC. SVF II Ostrich (DE) LLC has sold 9.46 crore equity shares of Ola Electric in a series of transactions carried out between September 3, 2025 and January 5, 2026. The cumulative sale resulted in a reduction of 2.15 percent in its shareholding in the company. Following these transactions, the SoftBank-backed entity’s stake in Ola Electric has declined to 13.53 percent from 15.68 percent earlier. Second Round of Stake Reduction in FY26 This marks the second phase of stake...

Mumbai, January 9, 2026: Amansa Group entities have pared their holding in Jana Small Finance Bank Limited through a sale of equity shares in the secondary market, as per the latest shareholding disclosure dated January 8, 2026. The transaction involved the sale of 4,01,000 equity shares, representing 0.38 percent of the bank’s total voting capital. The shares were sold on January 8, 2026, resulting in a marginal reduction in the group’s overall stake. Shareholding Before and After the TransactionParticularsNumber of SharesPercentage HoldingHolding before sale44,20,0824.20%Shares sold4,01,0000.38%Holding after sale40,19,0823.82%Post the transaction, the Amansa Group’s cumulative holding in Jana Small Finance Bank stands...

Ahmedabad, January 9, 2026: Shares of Elecon Engineering Company Limited fell sharply in early trade on Friday, reacting to the company’s December quarter earnings that showed margin pressure and a decline in profitability despite steady revenue growth.The stock was trading at ₹449.55, down ₹53.80 or 10.69%, as of 10:00 AM IST, compared with the previous close of ₹503.35. The intraday low touched ₹435, while the session high stood at ₹457.80, reflecting heavy selling pressure following the earnings announcement.Q3 FY26 Financial Performance Snapshot For the quarter ended December 31, 2025, Elecon reported consolidated revenue of ₹552 crore, marking a 4.3% year-on-year increase. However, operating profitability weakened during the...

Mumbai, January 9, 2026 (Friday) – Shares of Shankara Buildpro Limited made a steady debut on the stock exchanges on Friday, holding on to strong gains after listing and sustaining a premium of close to 20 percent over the reference price in early trade. Trades Firm After Opening As of 10:04 AM IST, Shankara Buildpro was trading at ₹875 per share, up ₹139.50, or 18.97 percent, compared with the reference price of ₹735.50. The stock opened at ₹860, indicating follow-through buying interest after a positive price discovery during the listing process. Early Trading RangeParticularsDetailsTraded price₹875 (as of 10:04 AM IST)Reference price₹735.50Opening price₹860.00Intraday high₹898.05Intraday low₹852.50VWAP₹878.52...

Mumbai, January 9, 2026: JSW Steel reported consolidated crude steel production of 7.48 million tonnes for the third quarter of FY26, marking a 6 percent year-on-year increase, despite operational constraints linked to planned maintenance activity at its flagship Vijayanagar facility. The company’s Indian operations contributed 7.28 million tonnes during the quarter, up 7 percent YoY, while production at JSW Steel USA – Ohio stood at 0.20 million tonnes. On a sequential basis, consolidated production declined around 5 percent compared with Q2 FY26, primarily due to lower capacity utilisation during the quarter. Operational Update and Capacity Utilisation Production during Q3 FY26 was impacted by the shutdown of Blast Furnace 3 (BF3) at...

Mumbai, January 9, 2026 Tata Capital witnessed a block deal transaction in early trade on Friday, with shares worth ₹50.82 crore exchanged during the morning block deal window. The transaction was executed in the first session of the day, indicating institutional-level participation at a fixed price. Block Deal Details The block deal was reported during Session 1, which operates between 08:45 am and 09:00 am. According to exchange data updated at 08:45:48 IST, the deal was carried out at a single price point without any price variation. Transaction SnapshotParticularsDetailsStockTata CapitalSeriesBLDeal SessionMorning Block Deal (Session 1)Number of Shares14,33,651Deal Price₹354.50 per shareTotal Deal Value₹50.82...

Mumbai, January 9, 2026: Vodafone Idea Limited has received significant relief on its long-pending adjusted gross revenue obligations, with the company securing a staggered and extended repayment structure that stretches up to March 2041, materially easing near- to medium-term cash flow pressure. Revised AGR Payment Framework Under the updated framework, Vodafone Idea’s adjusted gross revenue dues for the period from FY2006–07 to FY2018–19, calculated as of December 31, 2025, have been frozen and rescheduled over multiple phases. For the first phase, the company will make annual payments capped at ₹124 crore for six years, beginning March 2026 and ending March 2031. This will be followed by a second phase of ₹100 crore per year for four...

Mumbai, January 8, 2026: Meesho Limited (BSE: 544632, NSE: MEESHO) shares came under sharp selling pressure on Thursday morning, falling 5 percent to ₹164.48 in early trade, as investors reacted to back-to-back senior management changes disclosed by the company. The stock opened lower at ₹172 and failed to recover through the session, touching an intraday high of ₹172 before sliding to the day’s low of ₹164.48. The decline wiped out ₹8.65 per share from the previous close of ₹173.13. Volume-weighted average price during the session stood at ₹165.51, indicating sustained selling across levels. Senior Management Reshuffle in Focus The selling pressure followed disclosures made late on January 7 confirming changes within Meesho’s senior...

Hyderabad, January 8, 2026: Shares of Avantel Limited (BSE: 532406, NSE: AVANTEL) were trading higher in early trade on Thursday after the company announced a fresh purchase order valued at Rs 11.19 crore, excluding taxes, providing positive momentum to the stock. At around 9:24 am IST, Avantel shares were trading at Rs 168.29, up Rs 4.47 or 2.73% from the previous close, after touching an intraday high of Rs 169.30. Order Details Drive Investor Interest Avantel has received a purchase order from NewSpace India Limited for the supply, installation, and commissioning of devices for Xponders. The order pertains to the manufacturing segment and is scheduled to be executed by July 2026. The total consideration for the contract stands at Rs...

Mumbai, January 8, 2026 (Thursday) – Shankara Building Products Limited (BSE: 540425, NSE: SHANKARA) today said that equity shares of its demerged arm, Shankara Buildpro Limited, are set to be listed and admitted to trading on both the BSE and the National Stock Exchange starting January 9, 2026. Listing Set to Go Live Tomorrow The upcoming listing marks the formal completion of the demerger of Shankara Buildpro Limited from Shankara Building Products Limited. As part of the restructuring, equity shares of Shankara Buildpro Limited were allotted to eligible shareholders and creditors under the approved scheme of arrangement. With all approvals now in place, Shankara Buildpro Limited will begin trading as an independent listed entity...

Ahmedabad, Jan 8, 2026 — A-1 Ltd appeared sharply lower in early trade today as the stock turned ex-split following the sub-division of equity shares from a face value of ₹10 to ₹1 per share. Post adjustment, the stock was seen around ₹43.40, reflecting an apparent 90 percent decline from the previous close of ₹434.05 recorded on January 7, 2026. The sharp fall is purely technical, driven by the tenfold increase in the number of outstanding shares, with no impact on shareholder value or market capitalisation. What Triggered the Move The stock split (₹10 → ₹1) became effective on January 8, 2026, resulting in every existing equity share being subdivided into 10 shares of face value ₹1 each. The move is intended to:Improve trading...

Mumbai, January 7, 2026: YES Bank Ltd (BSE: 532648, NSE: YESBANK) has received a critical approval to proceed with the transfer of its Specified Demat Undertaking under the retail division to its wholly owned subsidiary, YES Securities (India) Limited, marking an important step in streamlining its capital markets operations.The approval was granted on January 5, 2026, clearing the way for the bank to move ahead with the proposed internal reorganisation. Following this clearance, YES Bank will initiate the remaining procedural steps, including the execution of a Business Transfer Agreement to formally complete the transaction.Strategic Rationale The transfer of the retail demat undertaking is aimed at consolidating brokerage and...