< -5%

Duroply Industr

-5% to -3%

Milestone Furni

Bloom Dekor

Oriental RI

CenturyPlyboard

Archidply Ind

Priti Internati

-3% to 0%

Naman In-Store

Pratik Panels

Greenply Ind

Omfurn India

Ecoboard Inds

Rushil Decor

The Western Ind

Greenpanel Ind

Archidply Decor

0% to 3%

3% to 5%

Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, acquisitions, and quarterly earnings, 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">Quarterly Earnings</a>

<a href="https://www.moneycontrol.com/india/stockpricequote/electric-equipment/vikramsolar/VSL04">Vikram Solar</a> Q1 (Consolidated YoY)

Profit zooms 483.9% to Rs 133.4 crore Vs Rs 22.8 crore

Revenue soars 79.7% to Rs 1,133.6 crore Vs Rs 630.9 crore

Stocks to Watch

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/kotakmahindrabank/KMB">Kotak Mahindra Bank</a>

Sumitomo Mitsui Banking Corporation is likely to exit the bank by selling its entire 1.65% stake via block deals, with an offer size of Rs 6,166 crore and a floor price of Rs 1,880 per share, reports CNBC-Awaaz, quoting sources.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticalsdrugs/bluejethealthcare/BJH">Blue Jet Healthcare</a>

Promoter Akshay Bansarilal Arora is set to sell up to 1,18,51,850 equity shares of the company (6.83% stake), including a greenshoe option of 59,25,925 shares (3.42% stake) via offer-for-sale (OFS) on September 10 and 11. The OFS will open for non-retail investors on September 10, and for retail investors (and non-retail investors who choose to carry forward their un-allotted bids from the previous day) on September 11. The floor price has been fixed at Rs 675 per share.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/sunpharmaceuticalindustries/SPI">Sun Pharmaceutical Industries</a>

The US Food and Drug Administration (FDA) has now classified the Halol facility as Official Action Indicated (OAI). This means the FDA considers the facility not fully compliant with certain current good manufacturing practices (CGMP).

The Halol facility is under Import Alert, resulting in the refusal of shipments from the facility into the US — barring certain exemptions due to drug shortages — until the facility becomes fully compliant with FDA and CGMP standards.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-general/iciciprudentiallifeinsurancecompany/IPL01">ICICI Prudential Life Insurance Company</a>

The Board will meet on September 12 to consider fundraising, in one or more tranches, via the issuance of non-convertible debentures, on a private placement basis.

<a href="https://www.moneycontrol.com/india/stockpricequote/electrodesgraphite/heg/HEG">HEG</a>

The company’s associate firm Bhilwara Energy has acquired Statkraft's 49% minority stake in Malana Power Company. The acquisition makes Bhilwara Energy of the LNJ Bhilwara Group the sole owner of Malana Power Company. The transaction includes Statkraft's stake in the Malana Hydropower Plant (86 MW) and the Allain Duhangan Hydropower Plant (192 MW) in Himachal Pradesh.

The board of directors of Bhilwara Energy has approved the allotment of 1,75,95,979 partly paid-up equity shares at Rs 142.08 per share to investors (Singularity and its affiliates). As a result, Bhilwara Energy has received Rs 25 crore as share application money (being 10% of the additional subscription amount) from investors. Post this allotment, investors' shareholding in Bhilwara Energy will increase from 9.6% to 17.51%. Singularity AMC was founded in 2015 by Yash Kela and Madhusudan Kela.

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-23-wheelers/bajajauto/BA10">Bajaj Auto</a>

The two- and three-wheeler maker has decided to fully pass on the benefit of the recent GST reduction to customers across its relevant Bajaj and KTM motorcycles and three-wheeler range, effective September 22.

It also announced a price reduction of up to Rs 20,000 on two-wheelers and up to Rs 24,000 on the three-wheeler range.

<a href="https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/sterlingwilsonrenewableenergy/SWS">Sterling and Wilson Renewable Energy</a>

The company has received a Letter of Intent (LOI) from a leading private Independent Power Producer (IPP) for a BOS EPC package for the development of a 300 MW AC / 420 MWp DC solar PV project, along with a 220/33 kV pooling substation in Rajasthan. Total value of the contract is Rs 415 crore, including operation and maintenance.

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-ancillaries-auto-truckmotorcycle-parts/samvardhanamothersoninternational/MSS01">Samvardhana Motherson International</a>

The company’s indirect subsidiary Motherson SAS Turkey Otomotiv Servis Ticaret (MSAS Turkey) has completed the acquisition of the remaining 25% stake in SMR Plast Met Molds and Tools Turkey Kalip Imalat Anonim Sirketi, and SMR Plast Met Automotive Tec Turkey Plastik Imalat Anonim Sirketi.

<a href="https://www.moneycontrol.com/india/stockpricequote/infrastructure-general/thermax/T">Thermax</a>

The company has invested Rs 115 crore in its subsidiary First Energy (FEPL) for further investment in First Energy (FE10), a wholly owned subsidiary of FEPL. Both FEPL and FE10 have completed the allotment of equity shares against the said investment.

<a href="https://www.moneycontrol.com/india/stockpricequote/aerospacedefence/bharatelectronics/BE03">Bharat Electronics</a>

The company will pay a final dividend of Rs 0.90 per share on September 23.

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/mamatamachinery/MML07">Mamata Machinery</a>

The company has secured its third consecutive order for a 9-layer blown film plant under its co-extrusion product segment. The order, valued at $1.17 million, has been placed by a UAE-based customer. The plant will be commissioned for the production of high-barrier films, with delivery scheduled for Q4FY26.

<a href="https://www.moneycontrol.com/india/stockpricequote/consumer-food/bikajifoodsinternational/BFI01">Bikaji Foods International</a>

In an official statement regarding the summon issued by the Directorate of Enforcement related to the Rajasthan Premier League conducted by the Rajasthan Cricket Association, the company stated that its involvement in the Rajasthan Premier League was limited to sponsorship. All payments made by the company toward sponsorship were duly accounted for, supported by proper documentation, and effected through valid banking channels.

The company has maintained complete records of the sponsorship transaction, which are available for inspection and will be duly furnished before the Enforcement Directorate, as and when required.

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-lcvshcvs/tatamotors/TM03">Tata Motors</a>

Tata Motors has executed the Share Subscription and Shareholders’ Agreement with Tata Power Renewable Energy to acquire a 26% equity stake in TP Paarthav and TP Marigold. Both are special purpose vehicles (SPVs) and subsidiaries of Tata Power Renewable Energy.

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-lcvshcvs/eichermotors/EM">Eicher Motors</a>

Royal Enfield will pass on the full benefit of the GST rate reduction to its customers across its motorcycle business, service, apparel, and accessories range, effective September 22.

General insurance data for August (YoY) by General Insurance Council

<a href="https://www.moneycontrol.com/india/stockpricequote/multiline-insurancebrokers/icicilombardgeneralinsurancecompany/ILG">ICICI Lombard General Insurance</a> premium grows 2.1% to Rs 2,182.17 crore Vs Rs 2,137.32 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/newindiaassurancecompany/NIA">The New India Assurance Company</a> premium increases 8.67% to Rs 2,196.8 crore Vs Rs 2,021.6 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/multiline-insurancebrokers/godigitgeneralinsurance/GDGIL">Go Digit General Insurance</a> premium jumps 13.55% to Rs 737.84 crore Vs Rs 649.78 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/diversified/starhealthalliedinsurancecompany/SHA">Star Health and Allied Insurance</a> premium rises 1.85% to Rs 1,425.65 crore Vs Rs 1,399.77 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/lifehealth-insurance/nivabupahealthinsurancecompany/NBH">Niva Bupa Health Insurance Company</a> premium soars 2.74% to Rs 612.94 crore Vs Rs 596.58 crore

Bulk Deals

<a href="https://www.moneycontrol.com/india/stockpricequote/power-transmissionequipment/voltamptransformers/VT9">Voltamp Transformers</a>

Promoter Kunjal Lalitkumar Patel has offloaded 7,88,686 shares (7.8% equity stake) in the power transformer maker at Rs 7,605.91 per share, valued at Rs 599.86 crore.

However, institutional investors including Aditya Birla Sun Life Insurance Company, Prudential Assurance Company, UTI Small Cap Fund, Bajaj Allianz Life Insurance Company, and Citigroup Global Markets Mauritius were buyers for some of the shares sold by the promoter, collectively picking up 4,77,770 shares (4.72% stake) in Voltamp for Rs 363.33 crore.

SME Listing on September 10

Optivalue Tek Consulting

Stocks Trade Ex-Dividend

Astra Microwave Products
Campus Activewear
Force Motors
Gujarat State Petronet
Indobell Insulations
Kitex Garments
Credo Brands Marketing
PNB Gilts
Sandur Manganese &amp; Iron Ores
Share India Securities
Sigma Solve
ZR2 Bioenergy

Stock in F&amp;O ban

RBL Bank

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

Stocks to Watch Today: Kotak Bank, Vikram Solar, Blue Jet Health, Sun Pharma, HEG, Sterling and Wilson, Mamata Machinery, Bikaji Foods in focus on 10 September

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

Quarterly Earnings

Vikram Solar Q1 (Consolidated YoY)

Profit zooms 483.9% to Rs 133.4 crore Vs Rs 22.8 crore

Revenue soars 79.7% to Rs 1,133.6 crore Vs Rs 630.9 crore

Stocks to Watch

Kotak Mahindra Bank

Sumitomo Mitsui Banking Corporation is likely to exit the bank by selling its entire 1.65% stake via block deals, with an offer size of Rs 6,166 crore and a floor price of Rs 1,880 per share, reports CNBC-Awaaz, quoting sources.

Blue Jet Healthcare

Promoter Akshay Bansarilal Arora is set to sell up to 1,18,51,850 equity shares of the company (6.83% stake), including a greenshoe option of 59,25,925 shares (3.42% stake) via offer-for-sale (OFS) on September 10 and 11. The OFS will open for non-retail investors on September 10, and for retail investors (and non-retail investors who choose to carry forward their un-allotted bids from the previous day) on September 11. The floor price has been fixed at Rs 675 per share.

Sun Pharmaceutical Industries

The US Food and Drug Administration (FDA) has now classified the Halol facility as Official Action Indicated (OAI). This means the FDA considers the facility not fully compliant with certain current good manufacturing practices (CGMP).

The Halol facility is under Import Alert, resulting in the refusal of shipments from the facility into the US — barring certain exemptions due to drug shortages — until the facility becomes fully compliant with FDA and CGMP standards.

ICICI Prudential Life Insurance Company

The Board will meet on September 12 to consider fundraising, in one or more tranches, via the issuance of non-convertible debentures, on a private placement basis.

HEG

The company’s associate firm Bhilwara Energy has acquired Statkraft's 49% minority stake in Malana Power Company. The acquisition makes Bhilwara Energy of the LNJ Bhilwara Group the sole owner of Malana Power Company. The transaction includes Statkraft's stake in the Malana Hydropower Plant (86 MW) and the Allain Duhangan Hydropower Plant (192 MW) in Himachal Pradesh.

The board of directors of Bhilwara Energy has approved the allotment of 1,75,95,979 partly paid-up equity shares at Rs 142.08 per share to investors (Singularity and its affiliates). As a result, Bhilwara Energy has received Rs 25 crore as share application money (being 10% of the additional subscription amount) from investors. Post this allotment, investors' shareholding in Bhilwara Energy will increase from 9.6% to 17.51%. Singularity AMC was founded in 2015 by Yash Kela and Madhusudan Kela.

Bajaj Auto

The two- and three-wheeler maker has decided to fully pass on the benefit of the recent GST reduction to customers across its relevant Bajaj and KTM motorcycles and three-wheeler range, effective September 22.

It also announced a price reduction of up to Rs 20,000 on two-wheelers and up to Rs 24,000 on the three-wheeler range.

Sterling and Wilson Renewable Energy

The company has received a Letter of Intent (LOI) from a leading private Independent Power Producer (IPP) for a BOS EPC package for the development of a 300 MW AC / 420 MWp DC solar PV project, along with a 220/33 kV pooling substation in Rajasthan. Total value of the contract is Rs 415 crore, including operation and maintenance.

Samvardhana Motherson International

The company’s indirect subsidiary Motherson SAS Turkey Otomotiv Servis Ticaret (MSAS Turkey) has completed the acquisition of the remaining 25% stake in SMR Plast Met Molds and Tools Turkey Kalip Imalat Anonim Sirketi, and SMR Plast Met Automotive Tec Turkey Plastik Imalat Anonim Sirketi.

Thermax

The company has invested Rs 115 crore in its subsidiary First Energy (FEPL) for further investment in First Energy (FE10), a wholly owned subsidiary of FEPL. Both FEPL and FE10 have completed the allotment of equity shares against the said investment.

Bharat Electronics

The company will pay a final dividend of Rs 0.90 per share on September 23.

Mamata Machinery

The company has secured its third consecutive order for a 9-layer blown film plant under its co-extrusion product segment. The order, valued at $1.17 million, has been placed by a UAE-based customer. The plant will be commissioned for the production of high-barrier films, with delivery scheduled for Q4FY26.

Bikaji Foods International

In an official statement regarding the summon issued by the Directorate of Enforcement related to the Rajasthan Premier League conducted by the Rajasthan Cricket Association, the company stated that its involvement in the Rajasthan Premier League was limited to sponsorship. All payments made by the company toward sponsorship were duly accounted for, supported by proper documentation, and effected through valid banking channels.

The company has maintained complete records of the sponsorship transaction, which are available for inspection and will be duly furnished before the Enforcement Directorate, as and when required.

Tata Motors

Tata Motors has executed the Share Subscription and Shareholders’ Agreement with Tata Power Renewable Energy to acquire a 26% equity stake in TP Paarthav and TP Marigold. Both are special purpose vehicles (SPVs) and subsidiaries of Tata Power Renewable Energy.

Eicher Motors

Royal Enfield will pass on the full benefit of the GST rate reduction to its customers across its motorcycle business, service, apparel, and accessories range, effective September 22.

General insurance data for August (YoY) by General Insurance Council

ICICI Lombard General Insurance premium grows 2.1% to Rs 2,182.17 crore Vs Rs 2,137.32 crore

The New India Assurance Company premium increases 8.67% to Rs 2,196.8 crore Vs Rs 2,021.6 crore

Go Digit General Insurance premium jumps 13.55% to Rs 737.84 crore Vs Rs 649.78 crore

Star Health and Allied Insurance premium rises 1.85% to Rs 1,425.65 crore Vs Rs 1,399.77 crore

Niva Bupa Health Insurance Company premium soars 2.74% to Rs 612.94 crore Vs Rs 596.58 crore

Bulk Deals

Voltamp Transformers

Promoter Kunjal Lalitkumar Patel has offloaded 7,88,686 shares (7.8% equity stake) in the power transformer maker at Rs 7,605.91 per share, valued at Rs 599.86 crore.

However, institutional investors including Aditya Birla Sun Life Insurance Company, Prudential Assurance Company, UTI Small Cap Fund, Bajaj Allianz Life Insurance Company, and Citigroup Global Markets Mauritius were buyers for some of the shares sold by the promoter, collectively picking up 4,77,770 shares (4.72% stake) in Voltamp for Rs 363.33 crore.

SME Listing on September 10

Optivalue Tek Consulting

Stocks Trade Ex-Dividend

Astra Microwave Products
Campus Activewear
Force Motors
Gujarat State Petronet
Indobell Insulations
Kitex Garments
Credo Brands Marketing
PNB Gilts
Sandur Manganese &amp;amp; Iron Ores
Share India Securities
Sigma Solve
ZR2 Bioenergy

Stock in F&amp;amp;O ban

RBL Bank

Promoter Kunjal Patel has offloaded 7.8 percent equity stake in Voltamp Transformers for nearly Rs 600 crore via open market transactions on September 9.

The share price dropped 3.53 percent to Rs 7,503, the lowest closing level since May 9 this year, on the NSE and closed below the lower line of Bollinger bands, extending downtrend for fourth consecutive session.

Kunjal Lalitkumar Patel has sold 7,88,686 equity shares (equivalent to 7.8% stake) in the power transformer maker at Rs 7,605.91 per share, valued at Rs 599.86 crore.

CNBC-Awaaz reported on September 8 that promoter Kunjal Patel was likely to sell up to 7.88 lakh shares in the company via block deals.

On other side, Aditya Birla Sun Life Insurance Company, Prudential Assurance Company, UTI Small Cap Fund, Bajaj Allianz Life Insurance Company, and Citigroup Global Markets Mauritius were buyers for some of the shares sold by promoter, picking 4,77,770 shares (4.72 percent stake) in <a href="https://www.moneycontrol.com/india/stockpricequote/power-transmissionequipment/voltamptransformers/VT9">Voltamp</a> for Rs 363.33 crore.

Amongst them, Prudential Assurance Company was the largest buyer with 1.5 percent stake for Rs 115.6 crore, followed by Bajaj Allianz Life Insurance Company which acquired 1.29 percent shares for Rs 99.6 crore.

The total promoters shareholding in Voltamp was 37.8 percent as of June 2025, while UTI Mutual Fund, and Aditya Birla Sun Life Insurance Company, which were the buyers in the above block deals, held 1.16 percent and 1.36 percent stakes in the company.

Promoter offloads 7.8% stake in Voltamp Transformers for Rs 600 crore

Promoter Kunjal Patel has offloaded 7.8 percent equity stake in Voltamp Transformers for nearly Rs 600 crore via open market transactions on September 9.

The share price dropped 3.53 percent to Rs 7,503, the lowest closing level since May 9 this year, on the NSE and closed below the lower line of Bollinger bands, extending downtrend for fourth consecutive session.

Kunjal Lalitkumar Patel has sold 7,88,686 equity shares (equivalent to 7.8% stake) in the power transformer maker at Rs 7,605.91 per share, valued at Rs 599.86 crore.

CNBC-Awaaz reported on September 8 that promoter Kunjal Patel was likely to sell up to 7.88 lakh shares in the company via block deals.

On other side, Aditya Birla Sun Life Insurance Company, Prudential Assurance Company, UTI Small Cap Fund, Bajaj Allianz Life Insurance Company, and Citigroup Global Markets Mauritius were buyers for some of the shares sold by promoter, picking 4,77,770 shares (4.72 percent stake) in Voltamp for Rs 363.33 crore.

Amongst them, Prudential Assurance Company was the largest buyer with 1.5 percent stake for Rs 115.6 crore, followed by Bajaj Allianz Life Insurance Company which acquired 1.29 percent shares for Rs 99.6 crore.

The total promoters shareholding in Voltamp was 37.8 percent as of June 2025, while UTI Mutual Fund, and Aditya Birla Sun Life Insurance Company, which were the buyers in the above block deals, held 1.16 percent and 1.36 percent stakes in the company.

Shares of Amanta Healthcare on September 9 ended with a premium of 12.5 percent against the issue price of Rs 126.

The stock made its market debut at Rs 134, up 6.34 percent from the issue price on the BSE. It later jumped 11.62 percent to settle at Rs 140.65 apiece.

On the NSE, the company's stock listed with a premium of 7.14 percent at Rs 135. The stock zoomed 12.5 percent to end at Rs 141.75 each.

The company's market valuation stood at Rs 546.13 crore.

Click Here To Read <a href="https://www.moneycontrol.com/ipo/" target="_blank">All IPO News</a>

The initial public offering (IPO) of <a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticalsdrugs/amantahealthcare/AHL02" target="_blank">Amanta Healthcare</a> received 82.60 times subscription on the closing day of bidding on Wednesday.

The Rs 126-crore IPO had a fresh issue of up to 1 crore shares.

The price range for the offering was fixed at Rs 120-126 per share.

Amanta Healthcare shares jump 12.5% in market debut trade

Shares of Amanta Healthcare on September 9 ended with a premium of 12.5 percent against the issue price of Rs 126.

The stock made its market debut at Rs 134, up 6.34 percent from the issue price on the BSE. It later jumped 11.62 percent to settle at Rs 140.65 apiece.

On the NSE, the company's stock listed with a premium of 7.14 percent at Rs 135. The stock zoomed 12.5 percent to end at Rs 141.75 each.

The company's market valuation stood at Rs 546.13 crore.

Click Here To Read All IPO News

The initial public offering (IPO) of Amanta Healthcare received 82.60 times subscription on the closing day of bidding on Wednesday.

The Rs 126-crore IPO had a fresh issue of up to 1 crore shares.

The price range for the offering was fixed at Rs 120-126 per share.

The shares of some consumer facing stocks dropped on September 9 as investors resorted to profit booking after strong rally following GST reforms announcement.

The <a href="https://www.moneycontrol.com/indian-indices/nifty-consr-durbl-122.html">Nifty Consumer Durables</a> index fell 0.12 percent to end the session at 39,639.30, standing in the red for the third consecutive session.

<a href="https://www.moneycontrol.com/india/stockpricequote/retail/trent/T04">Trent</a> shares dropped around 2 percent to close at Rs 5,223 apiece, extending losses for the third consecutive session. This comes after the stock recorded strong gains on expectations of rising demand following GST reforms. The stock's P/E ratio currently stands at around 123.68.

Trent shares have fallen more than 5 percent in the past five days, but gained nearly 9 percent in the past six months. The stock has fallen over 26 percent in 2025 so far.

<a href="https://www.moneycontrol.com/india/stockpricequote/diamondjewellery/kalyanjewellersindia/KJI01">Kalyan Jewellers</a> shares fell nearly 1 percent to close at Rs 501.50 apiece. After recording strong gains, the stock tumbled. The rising gold prices also raised concerns over falling demand as investors delay their plans to buy gold amid escalating prices.

Kalyan Jewellers shares currently have a P/E ratio of more than 65.

<a href="https://www.moneycontrol.com/india/stockpricequote/online-services/eternal/Z">Eternal</a> (formerly known as Zomato) shares dropped 1.2 percent to close at Rs 325.70 apiece. The stock has now snapped a six-session gaining streak. Nomura has also reiterated a 'Buy' rating on Eternal and raised its price target to Rs 370 per share from Rs 300 earlier. This implies an upside potential of more than 12 percent from the stock's previous closing price.

Eternal shares gained nearly 5 percent in the past one month, and over 54 percent in the past six months. The shares of the company hit an all time high of Rs 334.40 on September 5.

<a href="https://www.moneycontrol.com/india/stockpricequote/online-services/swiggy/SL24">Swiggy</a> shares meanwhile dropped 1.4 percent to close at Rs 436.90 apiece. The sharp rise came after Nomura initiated coverage on Swiggy with a 'Buy' rating and a price target of Rs 550 per share. This implies an upside potential of more than 24 percent over the previous closing price.

Swiggy shares have jumped 12 percent in September so far. The stock rose more than 2 percent in the past five days, and nearly 9 percent in the past one month. The shares of the food delivery giant dropped nearly 20 percent in 2025 so far.

Also read: <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-sensex-nifty-50-share-price-gift-nifty-latest-updates-09-09-2025-liveblog-13530739.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.

Trent, Eternal, other consumer-facing stocks fall up to 2% on profit booking after GST 2.0

The shares of some consumer facing stocks dropped on September 9 as investors resorted to profit booking after strong rally following GST reforms announcement.

The Nifty Consumer Durables index fell 0.12 percent to end the session at 39,639.30, standing in the red for the third consecutive session.

Trent shares dropped around 2 percent to close at Rs 5,223 apiece, extending losses for the third consecutive session. This comes after the stock recorded strong gains on expectations of rising demand following GST reforms. The stock's P/E ratio currently stands at around 123.68.

Trent shares have fallen more than 5 percent in the past five days, but gained nearly 9 percent in the past six months. The stock has fallen over 26 percent in 2025 so far.

Kalyan Jewellers shares fell nearly 1 percent to close at Rs 501.50 apiece. After recording strong gains, the stock tumbled. The rising gold prices also raised concerns over falling demand as investors delay their plans to buy gold amid escalating prices.

Kalyan Jewellers shares currently have a P/E ratio of more than 65.

Eternal (formerly known as Zomato) shares dropped 1.2 percent to close at Rs 325.70 apiece. The stock has now snapped a six-session gaining streak. Nomura has also reiterated a 'Buy' rating on Eternal and raised its price target to Rs 370 per share from Rs 300 earlier. This implies an upside potential of more than 12 percent from the stock's previous closing price.

Eternal shares gained nearly 5 percent in the past one month, and over 54 percent in the past six months. The shares of the company hit an all time high of Rs 334.40 on September 5.

Swiggy shares meanwhile dropped 1.4 percent to close at Rs 436.90 apiece. The sharp rise came after Nomura initiated coverage on Swiggy with a 'Buy' rating and a price target of Rs 550 per share. This implies an upside potential of more than 24 percent over the previous closing price.

Swiggy shares have jumped 12 percent in September so far. The stock rose more than 2 percent in the past five days, and nearly 9 percent in the past one month. The shares of the food delivery giant dropped nearly 20 percent in 2025 so far.

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.

<a href="https://www.moneycontrol.com/india/stockpricequote/constructioncontracting-real-estate/sunteckrealty/SR05">Sunteck Realty</a> shares declined over 2 percent on Monday as investors booked profits after the stock surged nearly 16 percent in the previous two sessions.

On the NSE, the stock touched an intraday low of Rs 441.70, down 3.15 per cent, before closing at Rs 444.90, a fall of 2.44 per cent. According to BSE data, the counter has gained more than 15 percent in the past one month.

Global brokerage Jefferies has maintained a 'Buy' rating on the stock with a target price of Rs 575, noting that it trades at over 35 percent discount to net asset value, thereby limiting downside risks.

The company recently announced a Rs 500-crore preferential issue of 1.17 crore warrants at Rs 425 each. Promoters will subscribe to 66.5 percent of the issue, while investors such as Utpal Sheth, Mukul Agrawal and NT Asian Fund are also participating.

For the first quarter of the current fiscal, Sunteck Realty reported a 47 percent rise in consolidated net profit at Rs 33.43 crore, compared to Rs 22.78 crore in the year-ago period. Total income, however, declined to Rs 201.53 crore in April-June 2025-26 from Rs 328.01 crore in the same quarter of the previous year, the company said in a regulatory filing.

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.

Sunteck Realty shares see profit-booking after 16% rise in two sessions; here's what Jefferies says

Sunteck Realty shares declined over 2 percent on Monday as investors booked profits after the stock surged nearly 16 percent in the previous two sessions.

On the NSE, the stock touched an intraday low of Rs 441.70, down 3.15 per cent, before closing at Rs 444.90, a fall of 2.44 per cent. According to BSE data, the counter has gained more than 15 percent in the past one month.

Global brokerage Jefferies has maintained a 'Buy' rating on the stock with a target price of Rs 575, noting that it trades at over 35 percent discount to net asset value, thereby limiting downside risks.

The company recently announced a Rs 500-crore preferential issue of 1.17 crore warrants at Rs 425 each. Promoters will subscribe to 66.5 percent of the issue, while investors such as Utpal Sheth, Mukul Agrawal and NT Asian Fund are also participating.

For the first quarter of the current fiscal, Sunteck Realty reported a 47 percent rise in consolidated net profit at Rs 33.43 crore, compared to Rs 22.78 crore in the year-ago period. Total income, however, declined to Rs 201.53 crore in April-June 2025-26 from Rs 328.01 crore in the same quarter of the previous year, the company said in a regulatory filing.

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