PL Capital's channel checks indicate that industry footfalls in the third quarter have not matched initial projections, with limited evidence of incremental spending benefits from tax changes.
On the bourses, however, Max Healthcare share price was trading 1.75 per cent lower at ₹1,044.75 per share around 11:30 AM. By comparison, BSE Sensex was trading 0.07 per cent lower at 84,637.50.
The brokerage has reiterated its 'Buy' rating on the stock, with a revised target price of ₹1,450, valuing the company at 35x Dec'27E earnings.
Vikran Engineering shares rose following LoAs from MP Urja Vikas Nigam for solar PV-based power plants with a total capacity of 45.75 MW AC in Madhya Pradesh
Antique resumed coverage on Torrent Pharma with a 'buy' rating, Cipla and Dr Reddy's Lab with 'hold' ratings, and Concord Biotech with a 'buy' rating
Vedanta said it was declared the successful bidder for the Depo Graphite-Vanadium Block under the Critical Mineral Auctions Tranche IV conducted by the Ministry of Mines
Solarworld Energy shares jumped 14 per cent after it received a LoA for the development of a 250 MWac grid-connected solar PV project from NTPC Renewable Energy
RMC Switchgears' shares moved higher after the company informed stock exchanges that it has applied to migrate its equity shares from the SME Platform of BSE Limited to the BSE Main Board.
The collaboration aims to accelerate adoption of LNG-powered transportation solutions across major industrial sectors, including steel & metals, FMCG, cement, & other high-volume logistics segments.
Dilip Buildcon shares rose 5 per cent after it secured two major infrastructure projects with a combined value of around ₹5,250 crore
The share of gold in household savings has risen sharply by 855 bps over the past 12 months to 45.6 per cent, primarily on the back of M2M gains
The brokerage has set a target price of ₹2,000 per share, implying an upside of about 25 per cent from current levels.
Titan said it will launch a new brand, 'beYon - from the House of Titan,' with the opening of an exclusive retail store in Mumbai on December 29, 2025
On the bourses, meanwhile, Lodha Developers share price was trading 0.09 per cent lower at ₹1,078.40 per share around 10:50 AM. By comparison, BSE Sensex was trading 0.21 per cent lower at 85,226.75.
Shares of Apollo Micro rose 3 per cent after it received orders worth ₹100.24 crore for the supply of Unmanned Aerial Systems
Seamec said its vessel Seamec III has sailed to commence work on the second part of the Pipeline Replacement Project
Around 10:00 AM, Ola Electric shares continued to trade higher, up 2.97 per cent at ₹36.42 per share. By comparison, BSE Sensex was trading 0.24 per cent lower at 85,206.77 levels.
Following Covid-related disruptions, large fleet operators overwhelmingly opted for the 12 per cent FCM route, claiming ITC benefits on truck purchases.
Stock market holiday on Christmas, December 25: The NSE and the BSE will have no trading or settlement in stocks, derivatives, and securities lending and borrowing (SLB) segments on Thursday
Despite the global uncertainty and a selloff in risk assets, the Nifty 50 has stayed range-bound over the past few months, supported by robust domestic inflows