Page 20 - Markets
Godavari Biorefineries shares jump over 11% intraday on US expansion plan
Godavari Biorefineries share price rose to the highest level in over two months on BSE. It closed 8 per cent higher at ₹290.5 per share
 "Godavari Biorefineries shares jump over 11% intraday on US expansion plan")
Stock Market Close: Sensex ends 116 pts lower; Nifty at 26,142; Oil & Gas, IT, pharma top losers
Sensex Today | Stock Market Close Highlights: On BSE, Trent, UltraTech Cement and Maruti were top gainers. On the flipside, Tata Motors PV , Sun Pharma and Asian Paints were the top drags.
 "Stock Market Close: Sensex ends 116 pts lower; Nifty at 26,142; Oil & Gas, IT, pharma top losers")
E to E Transportation IPO opens Dec 26; GMP at 75%: Check key details here
E to E Transportation IPO is being offered at a price band of ₹164 to ₹174 per share, with a lot size of 800 shares
 "E to E Transportation IPO opens Dec 26; GMP at 75%: Check key details here")
City Union Bank zooms 101% from April low; hits new high; upside left?
In the past three months, City Union Bank shares have rallied 40 per cent, as compared to a 4.7-per cent rise in the BSE Sensex
 "City Union Bank zooms 101% from April low; hits new high; upside left?")
Castrol India rallies 9% as BP plans to sell 65% stake to Stonepeak
Castrol India shares rose after global oil giant BP reached an agreement to offload a 65 per cent stake in Castrol at an enterprise value of $10 billion
 "Castrol India rallies 9% as BP plans to sell 65% stake to Stonepeak")
Investors flock to Shyam Dhani IPO as subscription hits 556x; GMP near 90%
Shyam Dhani IPO received bids for 2.19 billion shares against 3.93 million shares on offer, translating into an overall subscription of 556 times
 "Investors flock to Shyam Dhani IPO as subscription hits 556x; GMP near 90%")
GK Energy shares jump 5% on receiving LoE amendment for solar pumps
GK Energy rose after it secured an amendment to its Letter of Empanelment from Maharashtra State Electricity Distribution Co for the supply of off-grid DC solar photovoltaic water pumping systems
 "GK Energy shares jump 5% on receiving LoE amendment for solar pumps")
Antique reaffirms 'Buy' on Jindal Steel; expects expansions to fuel profit
The brokerage believes that cost efficiencies from increased captive coal, a slurry pipeline, and higher captive power generation will support margins
 "Antique reaffirms 'Buy' on Jindal Steel; expects expansions to fuel profit")
Sundaram Finance vs Poonawalla Fincorp: Here's what market experts say
Sundaram Finance has a strong proven track-record, while Poonawalla Fincorp is shaping up in the right direction, believe analysts.
 "Sundaram Finance vs Poonawalla Fincorp: Here's what market experts say")
Gujarat Kidney IPO closes today; subscription up 4x, retail investors lead
Gujarat Kidney IPO received bids for 49.16 million shares, compared to the 13.22 million shares available, resulting in an overall subscription rate of approximately 3.7 times
 "Gujarat Kidney IPO closes today; subscription up 4x, retail investors lead")
Ajanta Pharma hits over 5-month high after partnering with Biocon
Ajanta Pharma share price rose as it has entered into an in-licensing agreement with Biocon Limited for the right to market Semaglutide
 "Ajanta Pharma hits over 5-month high after partnering with Biocon")
Thirumalai Chemicals rises to 1-month high post preferential allotment
Thirumalai Chemicals share price advanced on Wednesday as the company raised ₹56.14 crore via allotment of preferential shares to the promoter group
 "Thirumalai Chemicals rises to 1-month high post preferential allotment")
TV Today Network rises 3% a day after promoter buys additional stake
According to the NSE bulk deal data, Living Media India bought 4,50,000 shares for ₹134.4 per share through bulk deal, while HDFC Mutual Fund sold 4,76,053 shares for ₹134.41 per share
 "TV Today Network rises 3% a day after promoter buys additional stake")
Why did Systematix initiate coverage on JTEKT India? 33% upside seen
Systematix has set a target price of ₹192 for JTEKT India, valuing the stock at EV/Ebitda of 17.5 times on December 2027E, in line with its past five-year average multiple
 "Why did Systematix initiate coverage on JTEKT India? 33% upside seen")
Emkay raises Bank of Baroda target to ₹350 on strong FY26 growth outlook
Analysts at Emkay Global Financial Services have raised Bank of Baroda's share price target to ₹350 with a 'Buy' rating, citing 11-13% credit growth outlook, stable margins, and strong asset quality
 "Emkay raises Bank of Baroda target to ₹350 on strong FY26 growth outlook")
Belrise Industries shares extend gain to rise 5% after defence agreement
Belrise Industries shares rose after it announced a strategic agreement with Israel-based Plasan Sasa to explore defence-related business opportunities
IT stocks fall as US judge upholds $100k H-1B fee; check details
A federal judge, on Tuesday, said the Trump administration can move ahead with a $100,000 fee on new H-1B visa applications
 "IT stocks fall as US judge upholds $100k H-1B fee; check details")
Hindusthan Urban climbs 12% as board to consider stock split on Dec 29
The buying on the counter came after the company informed that its board will consider stock split in a meeting on December 29, 2025
 "Hindusthan Urban climbs 12% as board to consider stock split on Dec 29")
Websol Energy jumps 14% after winning ₹73-crore income-tax dispute
Websol Energy System received a major relief in a long-standing tax dispute for the assessment year 2017-18, with the Commissioner of Income Tax (Appeals), Kolkata, ruling in the company's favour
 "Websol Energy jumps 14% after winning ₹73-crore income-tax dispute")
Anand Rathi starts coverage on Jubilant Ingrevia with 'Buy'; check target
Anand Rathi expects Jubilant's capex cycle to drive a sharp earnings upturn over FY26-28, with consolidated Ebitda seen growing at around a 22 per cent CAGR
 "Anand Rathi starts coverage on Jubilant Ingrevia with 'Buy'; check target")