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Promoter Docon Technologies has reduced its stake in Thyrocare Technologies, the diagnostic services provider, by little more than 10 percent via open market transactions on October 24, of which 7.9 percent shares were bought by asset management companies.

<a href="https://www.moneycontrol.com/india/stockpricequote/hospitalsmedical-services/thyrocaretechnologies/TT16">Thyrocare</a> shares closed 1.13 percent higher at Rs 1,266.1 on the National Stock Exchange with high volumes, sustaining above all key moving averages.

Docon Technologies, which held 71.06 percent stake in the company as of September 2025, has offloaded 53.3 lakh shares (10.06 percent of paid-up equity) at Rs 1,252.03 per share for Rs 667.7 crore.

ICICI Prudential Mutual Fund, HSBC Mutual Fund Midcap Fund, HDFC Mutual Fund, Aditya Birla Sun Life Mutual Fund, and Eastspring Investments India Consumer Equity Open acquired 42.1 lakh shares (7.9 percent stake) at Rs 1,252 per share for Rs 527.2 crore.

ICICI Prudential Mutual Fund through ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund already held 2.2 percent stake in Thyrocare. With additional buying of 3.3 percent shares on Friday, its total shareholding may be reached to 5.5 percent.

Meanwhile, black galaxy granite producer <a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/midwest/ML12">Midwest </a>also saw heavy action, with shares rallying 7 percent to Rs 1,140.5 on its market debut today. The company is valued at Rs 4,126 crore.

Goldman Sachs Funds - Goldman Sachs India Equity Portfolio acquired 4.34 lakh shares (1.2 percent stake) in Midwest at Rs 1,152.56 per share for Rs 50.05 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

Five asset managing companies including HDFC AMC, ICICI Pru MF, Eastspring Investments pick 7.9% stake in Thyrocare for Rs 527 crore

Promoter Docon Technologies has reduced its stake in Thyrocare Technologies, the diagnostic services provider, by little more than 10 percent via open market transactions on October 24, of which 7.9 percent shares were bought by asset management companies.

Thyrocare shares closed 1.13 percent higher at Rs 1,266.1 on the National Stock Exchange with high volumes, sustaining above all key moving averages.

Docon Technologies, which held 71.06 percent stake in the company as of September 2025, has offloaded 53.3 lakh shares (10.06 percent of paid-up equity) at Rs 1,252.03 per share for Rs 667.7 crore.

ICICI Prudential Mutual Fund, HSBC Mutual Fund Midcap Fund, HDFC Mutual Fund, Aditya Birla Sun Life Mutual Fund, and Eastspring Investments India Consumer Equity Open acquired 42.1 lakh shares (7.9 percent stake) at Rs 1,252 per share for Rs 527.2 crore.

ICICI Prudential Mutual Fund through ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund already held 2.2 percent stake in Thyrocare. With additional buying of 3.3 percent shares on Friday, its total shareholding may be reached to 5.5 percent.

Meanwhile, black galaxy granite producer Midwest also saw heavy action, with shares rallying 7 percent to Rs 1,140.5 on its market debut today. The company is valued at Rs 4,126 crore.

Goldman Sachs Funds - Goldman Sachs India Equity Portfolio acquired 4.34 lakh shares (1.2 percent stake) in Midwest at Rs 1,152.56 per share for Rs 50.05 crore.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries/shanthigears/SG04">Shanthi Gears</a> dropped more than 6 percent to hit a three-month low of Rs 493.65 apiece on October 24. This came after the company released its results for the July-September quarter of the financial year 2026.

Shanthi Gears on Friday reported a net profit of Rs 21.5 crore for the second quarter of the ongoing FY26. This marks a 16 percent year-on-year (YoY) fall from the Rs 25.63 crore net profit reported in the corresponding quarter of FY25.

The firm's revenue from operations meanwhile fell nearly 15 percent YoY to Rs 132 crore in Q2 FY26, from Rs 155 crore in Q2 FY25. Earnings per share (EPS) also reduced to Rs 2.80 during the quarter under review, from Rs 3.34 in the same period last year.

Shanthi Gears said its booked orders during the quarter rose 7 percent to Rs 138 crore. Unexecuted order book as on September 30 stood at Rs 254 crore. It achieved return on average invested capital (ROIC) of 46 percent in Q2 FY26, and generated free cash flow of Rs 12.68 crore during the period.

Shanthi Gears share price history:

Shanthi Gears shares later made some recovery after a sharp drop following the Q2 results announcement. The shares were down nearly 3 percent to trade at Rs 512.85 apiece, as seen at 2.54 pm. The stock has fallen over 7 percent in the past one month, but gained nearly 2 percent in the past six months.

Shanthi Gears shares, which currently have a P/E ratio of around 42, are up around 2 percent in 2025 so far. Before the company released its results, the stock was up nearly 3 percent. However, the Q2 results dampened investor sentiment.

Shanthi Gears shares see heavy trading volumes:

Over 2.36 shares have already been involved in active trade during the day. This is nearly 3 times that of the stock's 10-day average volume.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-24-10-2025-liveblog-13629647.html">Our LIVE blog on stock market updates</a>

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.

Shanthi Gears shares drop 6%, hit three-month low after Q2 net profit falls 16% to Rs 21.5 crore

The shares of Shanthi Gears dropped more than 6 percent to hit a three-month low of Rs 493.65 apiece on October 24. This came after the company released its results for the July-September quarter of the financial year 2026.

Shanthi Gears on Friday reported a net profit of Rs 21.5 crore for the second quarter of the ongoing FY26. This marks a 16 percent year-on-year (YoY) fall from the Rs 25.63 crore net profit reported in the corresponding quarter of FY25.

The firm's revenue from operations meanwhile fell nearly 15 percent YoY to Rs 132 crore in Q2 FY26, from Rs 155 crore in Q2 FY25. Earnings per share (EPS) also reduced to Rs 2.80 during the quarter under review, from Rs 3.34 in the same period last year.

Shanthi Gears said its booked orders during the quarter rose 7 percent to Rs 138 crore. Unexecuted order book as on September 30 stood at Rs 254 crore. It achieved return on average invested capital (ROIC) of 46 percent in Q2 FY26, and generated free cash flow of Rs 12.68 crore during the period.

Shanthi Gears share price history:

Shanthi Gears shares later made some recovery after a sharp drop following the Q2 results announcement. The shares were down nearly 3 percent to trade at Rs 512.85 apiece, as seen at 2.54 pm. The stock has fallen over 7 percent in the past one month, but gained nearly 2 percent in the past six months.

Shanthi Gears shares, which currently have a P/E ratio of around 42, are up around 2 percent in 2025 so far. Before the company released its results, the stock was up nearly 3 percent. However, the Q2 results dampened investor sentiment.

Shanthi Gears shares see heavy trading volumes:

Over 2.36 shares have already been involved in active trade during the day. This is nearly 3 times that of the stock's 10-day average volume.

Also read: Our LIVE blog on stock market updates

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.

SBI Life Insurance shares declined slightly in afternoon trade on Friday ahead of the company’s September quarter earnings announcement.

The stock was quoting at Rs 1,848 on the NSE, down 0.25 percent from its previous close at around 2:40 pm.

Brokerages expect the insurer to benefit from a better product mix in the second quarter.

Centrum Broking said SBI Life is likely to report the highest value of new business (VNB) margin among listed life insurers at 27.5 percent, supported by a rising share of more profitable products. The brokerage highlighted stronger traction in non-par policies, where policyholders are not entitled to a share of profits through bonuses or dividends.

Elara Capital has maintained <a href="https://www.moneycontrol.com/india/stockpricequote/lifehealth-insurance/sbilifeinsurancecompany/SLI03">SBI Life</a> as its preferred pick in the life insurance space.

Emkay Global said annual premium equivalent (APE) growth could remain muted at around 4 percent in Q2 due to festive season-related impact and slower momentum in unit-linked insurance plans. Even so, the firm expects healthy VNB margins driven by a higher contribution from non-par products.

Both Emkay Global and Prabhudas Lilladher anticipate limited impact from goods and services tax-related changes, citing SBI Life’s cost advantage.

According to market data, the stock carries an average “buy” rating from 33 analysts, with a median price target of Rs 2,140.

(Inputs from Reuters) 

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.

SBI Life shares decline marginally ahead of September quarter results; here's what analysts expect

SBI Life Insurance shares declined slightly in afternoon trade on Friday ahead of the company’s September quarter earnings announcement.

The stock was quoting at Rs 1,848 on the NSE, down 0.25 percent from its previous close at around 2:40 pm.

Brokerages expect the insurer to benefit from a better product mix in the second quarter.

Centrum Broking said SBI Life is likely to report the highest value of new business (VNB) margin among listed life insurers at 27.5 percent, supported by a rising share of more profitable products. The brokerage highlighted stronger traction in non-par policies, where policyholders are not entitled to a share of profits through bonuses or dividends.

Elara Capital has maintained SBI Life as its preferred pick in the life insurance space.

Emkay Global said annual premium equivalent (APE) growth could remain muted at around 4 percent in Q2 due to festive season-related impact and slower momentum in unit-linked insurance plans. Even so, the firm expects healthy VNB margins driven by a higher contribution from non-par products.

Both Emkay Global and Prabhudas Lilladher anticipate limited impact from goods and services tax-related changes, citing SBI Life’s cost advantage.

According to market data, the stock carries an average “buy” rating from 33 analysts, with a median price target of Rs 2,140.

(Inputs from Reuters) 

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.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/bank-private/utkarshsmallfinancebank/USF01">Utkarsh Small Finance Bank </a>rallied nearly 20 percent on October 24 after the company announced that it has allotted more than 5.71 crore shares to ace investor Madhusudan Kela’s fund house Cohesion MK Best Ideas Sub-Trust as part of its rights issue.

The shares hit an intraday high of Rs 22.02 apiece in the afternoon trading hours.

While Cohesion MK Best Ideas Sub-Trust was allotted the most number of shares as part of the rights issue, here are the other top investors:
<ul>
	<li>India Capital Fund Ltd, Mauritius: 4.4 crore shares</li>
	<li>Kotak Mahindra Life Insurance Company: 4.21 crore shares</li>
	<li>ICICI Prudential Life Insurance Company: 3.57 crore shares</li>
	<li>FLC Investco, LLC: 2.86 crore shares</li>
	<li>Singularity Large Value Fund III: 2.86 crore shares</li>
	<li>Massachusetts Institute of Technology: 2.79 crore shares</li>
</ul>
Earlier this month, the company had announced that its board has approved the terms of a rights issue of 67.79 crore shares to raise up to Rs 949 crore at Rs 14 per share. The rights issue which opened today, will close on November 3.

Utkarsh Small Finance Bank share price history:

The stock has gained nearly 22 percent in the past five days, and around 18 percent in the past one month. The shares of the small finance bank however fell around 2 percent in the past six months, and around 25 percent in 2025 so far.

Utkarsh Small Finance Bank shares had made a strong listing in July 2023, listing with a premium of 60 percent over its IPO price at Rs 40 per share. The stock is currently more than 45 percent lower than its listing price. It is however 10 percent higher than its IPO price of Rs 20 per share.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-24-10-2025-liveblog-13629647.html">Our LIVE blog on stock market updates</a>

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.

Utkarsh SFB shares rally 20% after lender allots 5.7 crore shares to Madhusudan Kela's fund house

The shares of Utkarsh Small Finance Bank rallied nearly 20 percent on October 24 after the company announced that it has allotted more than 5.71 crore shares to ace investor Madhusudan Kela’s fund house Cohesion MK Best Ideas Sub-Trust as part of its rights issue.

The shares hit an intraday high of Rs 22.02 apiece in the afternoon trading hours.

While Cohesion MK Best Ideas Sub-Trust was allotted the most number of shares as part of the rights issue, here are the other top investors:

	India Capital Fund Ltd, Mauritius: 4.4 crore shares
	Kotak Mahindra Life Insurance Company: 4.21 crore shares
	ICICI Prudential Life Insurance Company: 3.57 crore shares
	FLC Investco, LLC: 2.86 crore shares
	Singularity Large Value Fund III: 2.86 crore shares
	Massachusetts Institute of Technology: 2.79 crore shares

Earlier this month, the company had announced that its board has approved the terms of a rights issue of 67.79 crore shares to raise up to Rs 949 crore at Rs 14 per share. The rights issue which opened today, will close on November 3.

Utkarsh Small Finance Bank share price history:

The stock has gained nearly 22 percent in the past five days, and around 18 percent in the past one month. The shares of the small finance bank however fell around 2 percent in the past six months, and around 25 percent in 2025 so far.

Utkarsh Small Finance Bank shares had made a strong listing in July 2023, listing with a premium of 60 percent over its IPO price at Rs 40 per share. The stock is currently more than 45 percent lower than its listing price. It is however 10 percent higher than its IPO price of Rs 20 per share.

Also read: Our LIVE blog on stock market updates

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.

The <a href="https://www.moneycontrol.com/indian-indices/NIFTY-BANK-23.html">Bank Nifty index</a> dropped below the 58,000-mark on October 24 as investors continued to book profits at elevated levels. This comes a day after the index hit an all-time high of 58,577.50 on October 23.

Bank Nifty dropped nearly 400 points (0.65 percent) to 57,699.60 on Friday, led by losses in private banks.

Top losers on Nifty Bank:

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/kotakmahindrabank/KMB">Kotak Mahindra Bank</a> shares dropped around 1.5 percent to close at Rs 2,192.50 apiece. The private lender is set to release its results for the July-September quarter of the ongoing financial year 2026 tomorrow (October 25). <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/axisbank/AB16">Axis Bank</a>, <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/hdfcbank/HDF01">HDFC Bank</a>, AU Small Finance Bank and Punjab National Bank (<a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/punjabnationalbank/PNB05">PNB</a>) shares followed, dropping more than 1 percent each.

IndusInd Bank, <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/idfcfirstbank/IDF01">IDFC First Bank</a> and State Bank of India (<a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/statebankindia/SBI">SBI</a>) shares fell nearly 1 percent each. Canara Bank and <a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/bankbaroda/BOB">Bank of Baroda</a> shares were trading in the red with marginal losses. Bucking the trend, Federal Bank and heavyweight <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/icicibank/ICI02">ICICI Bank</a> shares closed in the green.

'Trend deciding level for the day is 58,202'

The index had hit all-time high levels buoyed by better-than-expected Q2 results by some of the major players. Axis Securities had said that the trend deciding level for the day is 58,202. "If Bank Nifty trades above this level, it may rally up to 58,453-58,828-59,079 levels. However, if it trades below 58,202 levels, we may witness profit booking in the market, and the index may correct up to 57,827-57,576-57,201 levels," it said.

As the index has now dropped below the trend deciding level as well as the first support zone, the next key levels to watch out for are 57,576 and 57,201, according to Axis Securities.

PL Capital said that the near-term support at the previous consolidation zone was seen at the 57,300 level, which needs to be sustained. “On the upside, we can expect the next targets of the 59,700 and 60,500 levels in the coming days,” it added.

'Sustained move above 58,400 could open the door for a further rally'

"The index is likely to trade sideways to positive, with strong support between 57,700–57,900 and resistance at 58,200–58,400. A sustained move above 58,400 could open the door for a further rally, while a break below 57,830 may invite mild profit booking," said Choice Broking.

Nifty Private Bank index is down more than 0.8 percent, while Nifty PSU Bank index is down 0.74 percent.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-24-10-2025-liveblog-13629647.html">Our LIVE blog on stock market updates</a>

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.

Bank Nifty sees profit booking, trades below 58,000; Kotak Mahindra, Axis, HDFC Bank lead losses

The Bank Nifty index dropped below the 58,000-mark on October 24 as investors continued to book profits at elevated levels. This comes a day after the index hit an all-time high of 58,577.50 on October 23.

Bank Nifty dropped nearly 400 points (0.65 percent) to 57,699.60 on Friday, led by losses in private banks.

Top losers on Nifty Bank:

Kotak Mahindra Bank shares dropped around 1.5 percent to close at Rs 2,192.50 apiece. The private lender is set to release its results for the July-September quarter of the ongoing financial year 2026 tomorrow (October 25). Axis Bank, HDFC Bank, AU Small Finance Bank and Punjab National Bank (PNB) shares followed, dropping more than 1 percent each.

IndusInd Bank, IDFC First Bank and State Bank of India (SBI) shares fell nearly 1 percent each. Canara Bank and Bank of Baroda shares were trading in the red with marginal losses. Bucking the trend, Federal Bank and heavyweight ICICI Bank shares closed in the green.

'Trend deciding level for the day is 58,202'

The index had hit all-time high levels buoyed by better-than-expected Q2 results by some of the major players. Axis Securities had said that the trend deciding level for the day is 58,202. &quot;If Bank Nifty trades above this level, it may rally up to 58,453-58,828-59,079 levels. However, if it trades below 58,202 levels, we may witness profit booking in the market, and the index may correct up to 57,827-57,576-57,201 levels,&quot; it said.

As the index has now dropped below the trend deciding level as well as the first support zone, the next key levels to watch out for are 57,576 and 57,201, according to Axis Securities.

PL Capital said that the near-term support at the previous consolidation zone was seen at the 57,300 level, which needs to be sustained. “On the upside, we can expect the next targets of the 59,700 and 60,500 levels in the coming days,” it added.

'Sustained move above 58,400 could open the door for a further rally'

&quot;The index is likely to trade sideways to positive, with strong support between 57,700–57,900 and resistance at 58,200–58,400. A sustained move above 58,400 could open the door for a further rally, while a break below 57,830 may invite mild profit booking,&quot; said Choice Broking.

Nifty Private Bank index is down more than 0.8 percent, while Nifty PSU Bank index is down 0.74 percent.

Also read: Our LIVE blog on stock market updates

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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Earnings Review-Q2 FY25-26

Stock News

Five asset managing companies including HDFC AMC, ICICI Pru MF, Eastspring Investments pick 7.9% stake in Thyrocare for Rs 527 crore

Shanthi Gears shares drop 6%, hit three-month low after Q2 net profit falls 16% to Rs 21.5 crore

SBI Life shares decline marginally ahead of September quarter results; here's what analysts expect

Utkarsh SFB shares rally 20% after lender allots 5.7 crore shares to Madhusudan Kela's fund house

Bank Nifty sees profit booking, trades below 58,000; Kotak Mahindra, Axis, HDFC Bank lead losses

Automobile - LCVS/ HVCS Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Automobile - LCVS/ HVCS industry stocks.

Gainers/Losers

Industry Market Map

Earnings Review-Q2 FY25-26

Stock News

Five asset managing companies including HDFC AMC, ICICI Pru MF, Eastspring Investments pick 7.9% stake in Thyrocare for Rs 527 crore

Shanthi Gears shares drop 6%, hit three-month low after Q2 net profit falls 16% to Rs 21.5 crore

SBI Life shares decline marginally ahead of September quarter results; here's what analysts expect

Utkarsh SFB shares rally 20% after lender allots 5.7 crore shares to Madhusudan Kela's fund house

Bank Nifty sees profit booking, trades below 58,000; Kotak Mahindra, Axis, HDFC Bank lead losses

Automobile - LCVS/ HVCS Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Automobile - LCVS/ HVCS industry stocks.