Market Highlights

---

Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

---

March 25, 2025

• Daily Morning Report
• NIFTY OUTLOOK: 23658.35 FII 3055.76 cr DII 98.54 cr
• As discussed yesterday, the market remained in line with expectations, continuing its positive momentum and rallying up to 23,708.75.
• The market opened with a gap and advanced towards the day's high, forming a long bullish candlestick pattern on the daily chart. Successive closes above the previous day's high for the past six sessions indicate a strong bullish trend. If Nifty decisively breaks 23,723, it may advance further to 23,789–23,857. Strong demand could push it towards 23,921.
• The rally from 21,964 to 23,708 has pushed the daily RSI into the overbought zone, raising the possibility of minor profit booking. Immediate support levels are at 23,593–23,527, with a sustained break below these potentially dragging Nifty down to 23,463–23,397.
• Bank Nifty OUTLOOK:
• SPOT: 51704.95 Pcr : 1.28 Max Ce OI on 53000 & Max Pe OI on 49000
• On 24th March 2025, the Bank Nifty index closed at 51,704.95, rising 2.20% from the previous day. The index moved 1,005.25 points during the session, trading between an intraday high of 51,801.15 and a low of 50,795.90.
• The previous day's high of 51,801.15 and low of 50,795.90 can be considered as resistance and support, respectively, for today.
• Technical view on Daily Chart
• For today, key technical levels in Bank Nifty are 51,955 as resistance and 50,900 as support. A strong bullish candle formed yesterday, backed by volume. If the index crosses 52,000 and sustains, it may rally further towards 52,500–53,000. However, a breach below 50,900 could lead to a correction towards 49,900.
• The Relative Strength Index (RSI) for Bank Nifty stands at 75, indicating an overbought zone (above 70 is overbought, below 30 is oversold).
• Bank nifty Day SMA Analysis
• Bank Nifty is trading above all 8 SMA levels (5, 10, 20, 30, 50, 100, 150, 200-day). It is not trading below any of these SMAs. No bullish candlestick pattern was identified in Bank Nifty.
• Macro:
• 1. Dollar index @ 103.98
• 2.10 years bond yield @ 4.335
• 3. Crude @ 72.46
• 4. Vix @ 17.48 (-9.34 %)
• Note:
• Last night, U.S. equities rallied on hopes of softer tariffs. The S&P 500 closed sharply higher on Monday, led by tech, as sentiment improved following reports that upcoming U.S. trade tariffs would be narrower and less strict than feared. The Dow surged 597 points.
• Reports from Bloomberg and The Wall Street Journal suggest that the Trump administration will likely not impose sectoral tariffs next week, with reciprocal tariffs limited to about 15 countries.
• Conclusion:
• This development is positive news, easing investor concerns globally. A relief rally may be seen in technology stocks, particularly in Hong Kong, Mainland China, and Indian markets.
• As for market data, VIX has dropped from 24 to 17.48 (down 55% in a week), signaling improved investor confidence. A lower VIX suggests U.S. markets could remain at elevated levels with low volatility unless new negative developments arise.
• Contributed by
• Ashok bhandari : INH000019549
• -------------------------------------xxxxxxx-------------------------------------------------------------------xxxxxxx---------------------------------
• Beat The Street
• List of companies which have recieved SEBI approval for IPO:
• 1. Gold Plus Glass
• 2.Patel Retail Limited
• 3.Belstar Microfinance
• 4. SK Finance Limited
• 5.Shivalik Engineering
• 6. National Securities Depository Limited (NSDL)
• 7.Paras Healthcare
• 8.Avanse Financial Services
• 9.Rubicon Research
• 10.Metalman Auto
• 11.Arisinfra Solutions
• 12.Kalpataru Limited
• 13. TruAlt Bioenergy
• 14.Ecom Express
• 15.Smartworks Coworking
• 16.Ivalue Infosolutions
• 17.Ather Energy Limited
• 18.Oswal Pumps
• 19.Fabtech Technologies
• 20.Schloss Bangalore (Leela Hotels
• 21.Casagrand Premier Builder
• 22.Highway Infrastructure
• 23.Regreen Excel EPC India
• 24.JSW Cement
• 25.PMEA Solar Tech Solutions
• 26. Vikran Engineering
• 27.Scoda Tubes
• 28.All Time Plastics
• 29.Ellenbarrie Industrial Gases
• 30.Sambhv Steel Tubes
• 31.Varindera Constructions
• 32.SMPP Limited
• 33.Aditya Infotech
• 34. Brigade Hotel Ventures
• 35.Kumar Arch Tech
• 36.Solarworld Energy Solutions
• 37.IndoGulf Cropsciences
• 38. Prostarm Info Systems
• 39.Globe Civil Projects
• 40.Midwest Limited
• 41.CIEL HR Services
• 42.Belrise Industries
• 43.Paramesu Biotech
• 44. Crizac Limited
• 45.Borana Weaves
• 46.Innovision Limited
• 47.LG Electronics India
• IPO Approved By SEBI With Shareholder Quota:
• ■Ather Energy Limited (Hero Motocorp Limited)
• ■Brigade Hotel Ventures Limited (Brigade Enterprises)
• IOB ; UPDATE ON QIP
• BANK APPROVED ALLOTMENT OF RS 1436 CR WORTH SHARES TO QIP INVESTORS @ ₹ 40.57 /SHARE ( 5 % DISCOUNT TO FLOOR PRICE )
• SBI LIFE : SBI Life Insurance receives ₹352.50 crore Income Tax order, plans to appeal
• BSE ; Sebi Chairman On Nse Ipo , Says We will apply our minds to NSE’s IPO proposal. We will look into the issues around it and how we can take it forward
• Trump: Energy prices are coming down.
• I hope the Fed lowers interest rates.
• I would like to see the Fed lower interest rates.
• Trump on GDP forecast cut: We inherented a very bad situation.
• POWERGRID; Co. acquired Rajasthan V Power Transmission Limited (RVPTL) under the Tariff-Based Competitive Bidding (TBCB) route For Rs 18.63 Cr
• The acquisition includes the transmission system for evacuating power from Rajasthan REZ Ph-V (Part-1: 4 GW) at the Sirohi/Nagaur complex on a Build, Own, Operate, and Transfer (BOOT) basis.
• The project involves upgrading the transformation capacity at the under-construction Sirohi substation and constructing 765kV double-circuit transmission lines across Rajasthan and Madhya Pradesh.
• POWERGRID; Power Grid Corporation of India Limited has acquired Banaskantha Transco Limited (BTL) under the Tariff-Based Competitive Bidding (TBCB) route For 6.54 Cr
• The acquisition includes the augmentation of transformation capacity at the Banaskantha (Raghanesda) Power Station in Gujarat on a Build, Own, Operate, and Transfer (BOOT) basis.
• UBS on Housing Sector:
• We are still mid-cycle and the peak to be at least three years away
• Supply discipline is strong with low inventories and disciplined new launches
• Expect a turnaround of the current softness from H1 FY26
• UBS analysts are positive on multiple sectors driven by the housing cycle: developers (DLF, Prestige), consumer durables (Havells, Voltas), cement (Ultratech, AmbujaAmbuja), adhesives (Pidilite), and cables & wires (Polycab, KEI).
• PSU BANK, IREDA, PFC, REC ; RBI revises Priority Sector Lending guidelines.
• Among others, housing loan limit up for PSL coverage; ‘Renewable Energy’ sector redefined; ‘Weaker Sections’ borrowers' list expanded; cap on loans by UCBs to individual women beneficiaries lifted.
• New guidelines come into effect from April 1.
• PNB : CBI's supplementary chargesheet in the PNB scam names Nirav Modi's sister, Purvi Mehta, and Firestar official Aditya Nanavati.
• Mehta is a beneficiary of the siphoned funds.
• Nirav Modi and Mehul Choksi allegedly defrauded PNB of over ₹13,000 crore.
• BLS INT ; Co. received approval from the Metropolitan Stock Exchange of India (MSEI) to delist 41,17,40,908 equity shares.
• Trading will be suspended from March 31, 2025, and the delisting will take effect on April 7, 2025.
• However, the company’s shares will continue to be listed on the NSE and BSE.
• Trump: Hyundai is to build a steel plant in Louisiana, it will create around 1400 jobs.
• Hyundai investment makes it clear that tariffs work. Hyundai will not have to pay any tariffs.
• Trump: The Hyundai steel plant is part of a larger $21 bln investment in the US.
• Hyundai is increasing auto manufacturing in Georgia too.
• Hyundai plant will produce more than 2.7 million metric tons of steel a year.
• Hyundai CEO Chung: $6B investment is to strengthen US steel supply chain, with $21b new investment over the next four years in the US.
• This week, we're opening an $8b plant in Georgia.
• Hyundai will purchase $3b of US LNG.
• Trump: I may give a lot of countries breaks on tariffs.
• I will be announcing additional tariffs over next days.
• I will announce additional tariffs over the next days on autos, lumber, and chips.
• Trump: Tariffs for doing business with Venezuela will be on top of existing tariffs.
• Trump: I will probably announce automobile tariffs over the next few days.
• Not all tariffs will be included on April 2nd.
• Beat The Street Bulletin
• Date: 25-Mar-2025
• Order Win
• - RPP Infra: Wins ₹21.95 crore order from Satish Dhawan Space Centre.
• ---
• Acquisition
• - Elpro International: Acquired 1,62,879 equity shares of TD Power Systems Ltd. for ₹6.66 crore.
• - Samvardhana Motherson: Acquires 51.99% stake in Atsumitec Co., Ltd.
• - PowerGrid: Acquired Rajasthan V Power Transmission Limited for ₹18.63 crore.
• - Indo Amines: Acquired industrial land and factory building in Mahad, Raigad.
• ---
• Collaboration
• - BMW Industries: Signed MoU with the Ministry of Steel for PLI Scheme 1.1 for Specialty Steel.
• ---
• Leadership Changes
• - Cholamandalam Investment: Appointment of Vellayan Subbiah as Executive Chairman.
• - TTK Prestige: Appoints TT Raghunathan as Chairman.
• ---
• New Projects
• - NHPC: Completes trial run of Unit 2 of Parbati-II HE project in Himachal Pradesh.
• - IOL Chemicals: Commenced state-of-the-art Unit-11 for manufacturing Paracetamol.
• ---
• Fundraising
• - UCO Bank: Launches QIP for fundraising, floor price at ₹36.07/share.
• - Central Bank: Launches QIP for fundraising, floor price at ₹42.62/share.
• - IOB: Approved allotment of ₹1436 crore worth shares to QIP investors at ₹40.57/share.
• ---
• Bought/Sold
• - REC Ltd: Sells its entire shareholding in four subsidiaries to Power Grid Corporation of India and IndiGrid 2 Pvt Ltd for ₹45 crore.
• ---
• Miscellaneous
• - KEC: Clarification on CBI arrest reports.
• - SBI Life: Receives ₹352.50 crore Income Tax order, plans to appeal.
• - Banks: RBI releases revised Priority Sector Lending (PSL) guidelines for 1 April 2025.
• ---
• Additions
• - Delta Manufacturing: Transferred soft ferrites business to MMG Ferrites Pvt. Ltd., making MMG no longer its subsidiary.
• - Delta Corp: Transferred Deltatech Gaming Ltd.'s shares to Head Digital Works, making Deltatech Gaming no longer a subsidiary.
• - Pearl Global: Incorporated a subsidiary, Pearl Knitting & Dyeing Industries Ltd., in Bangladesh.
• - BLS International: Received approval for delisting 41,17,40,908 equity shares from MSEI, delisting effective from April 7, 2025.
• ---
• Stay updated with Beat The Street
• WHAT HAPPENED OVERNIGHT*
• -> SPX +1.76%, Nasdaq +2.27%
• -> Markets noted weekend news reports that tariffs could be more targeted & less drastic
• -> Trump reiterated overnight: 'I may give lot of countries breaks on tariffs'
• -> S&P 500 closed above its 200d MA
• -> CBOE VIX -9.34% to 17.48
• -> UST 10y yield jumped 9 bps to 4.34%
• -> Dollar Index +0.26% to 104.31
• -> Brent Oil +1.3% to $73.11/
• -> Trump threatened a 25% secondary tariff on nations buying Venezuelan oil and gas
• DGTR recommends anti-dumping duty on imports of Acetonitrile. Anti-dumping duty on imports from China, Russia & Taiwan -CNBCTV18
• Motilal on Suzlon
• Initiate Coverage with BUY & TP of Rs.70
• Estimate consol margins to remain healthy at 14-16% in FY25/FY26/FY27
• Co well positioned to benefit from its significant tax shield arising from unabsorbed depreciation and brought-forward losses, majority of losses are set to expire between FY25 and FY32
• Net debt-to-EBITDA ratio has moved from 6.6x in FY22 to a net cash position in FY24
• Co is a global leader in wind energy with an installed capacity of 20.9GW across 17 countries
• Wind energy's critical role in India's renewable future: By 2030, wind energy is expected to account for 20% of India’s renewable energy (RE) mix
• India's wind energy sector offers substantial growth potential, as the country aims to increase its installed wind capacity to 100GW by 2030 from 48GW currently (Dec’24)
• Competition is rising but pie is big enough
• Donald Trump says Auto tariffs are coming, teases reciprocal duty breaks - Bloomberg
• RIL ; Trump announces 25% tariff on nations buying Venezuelan oil, effective April 2
• Will have a negative impact on RIL as they are the only Indian company importing Venezuela crude as per analysts
• Exact impact difficult to figure out as volumes may be adjusted in response to this measure
• RIL has the option to switch to other fuels from the spot market
• Trump may hold back from implementing some aspects of his wide-ranging tariff plan
• Reports indicate duties could be more narrowly focused; sector-specific tariffs may be delayed
• Trump says he may give "a lot of countries" exemptions on reciprocal tariffs
• Levies on sectors such as pharma and autos are still expected in the "near future"
• Trump expects to be "satisfied" with DOGE cuts in a few months
• Trump says a rare earths agreement with Ukraine is nearly done
• Trump promises a brand-new air traffic system
• Trump: "Companies are all coming back to the U.S" - ET NOW
• INDIA'S OIL IMPORTS FROM VENEZUELA ; 2015: Before U.S. sanctions, Venezuela accounted for 12% of India's total crude imports
• 2024: India imported 22 million barrels of Venezuelan oil (only 1.5% of total crude purchases)
• Dec 2023: India became the top buyer of Venezuelan crude, importing 191,600 bpd
• Reliance Industries: 127,000 bpd
• IOC: 37,000 bpd
• HPCL-Mittal Energy: 28,000 bpd
• Jan 2024: India's imports surged to 254,000 bpd, nearly half of Venezuela's total exports (557,000 bpd) - ET NOW
• Britannia industries ; Gujarat’s Jhagadia plant operation partially affected due to a strike that has commenced
• PSU BANKS (+VE)
• Haven't rallied like private peers
• RBI increases scope of priority lending
• 5 QIPs underway
• Improved operational parameters
• Valuations attractive
• Key beneficiary of impending rate cut
• GS on L&T (Q4 Preview)
• Buy, TP Rs 3640
• Postive
• Expect core rev to grow at 18% (+17% yoy overall rev growth) driven by strong execution of Int order book
• Order inflow growth of 11%yoy (core of +11% yoy)
• Co will beat its guidance on both rev & order-inflow
• Negative
• Despite 30bps yoy improvement in core margins in Q4, L&T will report core margins flat in FY25.
• All eyes will be on Q4 margins & margin guidance for FY26
• Macquarie on Food delivery vs Franchises
• Prefer restaurants space as higher discretionary incomes should drive a recovery
• For food delivery platforms, expect GOV
• growth to be driven by user additions
• Prefer Devyani & Westlife
• Cautious on Zomato & Swiggy
• BERNSTEIN ON INDIA STRATEGY
• Believe That Indian Macro Has Bottomed & GDP Will Trend Around 6.5%+ For The Coming Year
• Global Risks Are Such As Reciprocal Tariffs & Risk Of US Recession Are Here Being Discussed Now
• Impact Of Reciprocal Tariffs Is More On The US Than On India
• India Is Less Impacted & Rather Can Benefit On Any Recession Event In The US
• With Domestic Flows Still Resilient & FII Outflows Now Largely Done, Reiterate Our Positive View
• Nifty Index Year-End Target Of 26,500
• Market Recovery Path Should Not Be Considered To Be Linear As Sentiment Can Continue To Swing
• CLSA on Bandhan
• Maintain High Conviction O-P, TP Rs 220
• Management meet takeaways ;
• MD’s key priorities are to increase share of secured assets by FY27 & to improve technology & audit functions.
• Management targets RoA of 1.8-2% by end-FY27
• Trump officials mistakenly text war plans to a group chat in a secure app that includes The Atlantic editor - CNBCTV 18
• Jefferies on Infosys
• Buy, TP cut to Rs 1835 from Rs 2150
• PE de-rating risks are also limited, given marked improvement in FCF conversion/higher payouts
• Cut EPS estimates by 2-4% on slower growth but reiterate BUY given attractive risk-reward
• WHICH ARE THE TOP STOCKS FROM CONGLOMERATES IN THIS RECOVERY? 
• Alert-Recovery From March 3  
• Nifty                                             +7% 
•  
• TATA GROUP-KEY GAINERS 
• Group Average                   +10% 
• Tata Communications    +22% 
• Indian Hotel                          +16% 
• Tata Motors                          +15% 
• ADANI GROUP-KEY GAINERS 
• Group Average                    +12% 
• Adani Energy Solutions  +25% 
• Adani Green Energy          +19% 
• Adani Ports                           +14% 
•  
• AMBANI GROUP-KEY GAINERS 
• Group Average                     +8% 
• Reliance                                +11% 
• Just Dial                                  +11% 
• Den Networks                      +9%
• AXIS CAPITAL ON KARUR VYASA BANK
• Initiates 'Buy' Rating With Target Price Of ₹295
• Lower Cost Of Funds Enables Bank To Price The Risk Much Better
• Significant Improvement In Asset Quality, Cost Ratios To Remain Elevated
• Healthy Margin Profile And Lower Credit Costs To Help Sustain RoA
• Expect Loans, NII, PPOP, PAT CAGRs Of 16%, 15%, 16%, 13% Respectively Over FY25-27
• MOFSL India strategy
• Consumption likely to get better
• Selective stock picking opportunities have emerged
• Sharp valuation correction offers entry point
• The m-cap divergence has been significant in Retail names, with corrections between -9% and -61%, while for Consumer, the range was between 0% to -36%.
• A beaten-down profit base and an expected sequential demand lift should drive some earnings pickup in FY26 (Consumer: 13% YoY; Retail: 37% YoY)
• Fiscal and monetary policies working in tandem; inflationary pressures easing
• Key picks-Devyani International, LT Food,Page Industries, Devyani, Metro Brands, V-Mart, Lemontree Hotels and Cello World.
• HSBC ON FINANCIALS
• Maintains 'Buy' On SBI Cards & Hikes Target Price , Price To ₹1,100 From ₹1,000
• Maintains 'Buy' On Shriram Finance & Hikes Target Price To ₹860 From ₹745
• Maintains 'Hold' On LIC Housing & Hikes Target Price To ₹630 From ₹600
• Maintains 'Buy' On L&T Finance & Hikes Target Price To ₹190 From ₹170
• Maintains 'Buy' On M&M Finance & Hikes Target Price To ₹340 From ₹320
• Maintains 'Hold' On CreditAccess & Hikes Target Price To ₹970 From ₹810
• Maintains 'Buy' On Chola Finance & Hikes Target Price To ₹1,970 From ₹1,610
• Maintains 'Reduce' On Bajaj Housing & Hikes Target Price To ₹100 From ₹90
• Maintains 'Buy' On Bajaj Finance & Hikes Target Price To ₹10,790 From ₹8,900
• Godrej Properties: Company has sold homes worth over INR 1,000 crores at the launch
• of its first project in Hyderabad
• The Mumbai-based real estate developer sold over 300 homes at Godrej Madison Avenue in
• Kokapet within a few weeks of launching the project
• B&K SECURITIES ON LIC
• Initiates 'Buy' Rating With Target Price Of ₹940
• Steady VNB Market Share Despite APE Based Market Share Decline
• Steady Execution In Terms Of Aspirations Post List
• Margins Have Multiple Levers Of Expansion
• Strong Market Position In Group Segment
• Option Values From Entering The Health Insurance Space
• MOFSL on VBL annual report:
• Reiterate BUY, TP `680.
• CY24 was a transformative year, marked by strong growth, global expansion.
• Strengthened market leadership in India and internationally.
• OLA ELECTRIC : Ola Electric has amicably settled all outstanding dues between its wholly owned subsidiary, Ola Electric Technologies Private Limited, and the Rosmerta Group.
• As a result, the Rosmerta Group has filed the memo for withdrawal of the petitions filed before the National Company Law Tribunal (“NCLT”), Bengaluru.
• The matter now stands fully resolved.
• OLA ELECTRIC ; Settled dues with Rosmerta Group; Rosmerta files to withdraw petitions from NCLT
• No further claims/disputes pending with Rosmerta - ET NOW
• PAYTM/MOBIKWIK ; Payments Council of India has urged the PMO to reinstate the merchant discount rate (MDR) on UPI and RuPay debit card payments.
• Bliss GVS Pharma: Promoter Vibha Gagan Sharma bought 25,000 shares on March 21
• GARDEN REACH SHIPBUILDERS: WINS $ 108 Mn ( ₹ 924 Cr ) ORDER
• Co. signed a contract on March 24, 2025, in Hamburg, Germany, for the construction and delivery of the 7th and 8th Multi-Purpose Vessels (MPVs) of 7,500 DWT each.
• This is part of an agreement with Carsten Rehder Schiffsmakler and Reederei GmbH & Co. KG, Germany, for four additional MPVs.
• The total order for eight vessels is valued at approximately $108 million.
• Each ship is 120 meters long, 17 meters wide, with a 6.75-meter draft, and designed to carry bulk, general, and project cargo, including large windmill blades.
• Pidilite Industries: Promoter Radha Singh and Shivan Singh sold 7,000 shares each on March 19 and 20
• CENTRAL BANK OF INDIA ; To raise up to Rs 1,500 crore via QIP with greenshoe option of up to Rs 500 crore
• QIP Base issue size at 37.05 crore shares with option to upsize by up to 12.3 crore shares
• Approves Indicative Price of Rs 40.49/share, indicating a discount of nearly 13.7% to last close price - NDTV PROFIT
• Texmaco Infrastructure: Promoter Adventz Finance bought 31,000 shares on March 21
• ORISSA BENGAL ; LARGE TRADE NSE
• ASHISH GOYAL BOUGHT 1.78 LKH SHARES (O.84 % STAKE ) @ 54.99
• SG FINSERV LTD : LARGE TRADE BSE
• DINESH PAREEKH SOLD 3 LKH SHARES (0.53 % STAKES) @ ₹ 350/SHARE
• MADHUSUDAN MURLIDHAR KELA BOUGHT 9.51 LKH SHARES ( 1.70 % STAKES ) @ ₹ 250.01/SHARE
• KALANA ISPAT ; LARGE TRADE NSE
• SHRISHTI AGRAWAL BOUGHT1.74 LKH ( 1.33 % STAKE ) SHARES @ ₹52.76/SHARE
• UMESH PARASMAL PAGARIYA BOUGHT 98 K SHARES ( 0.75 % STAKE) @ ₹ 51.55
• KAMDHENU VENTURES; LARGE TRADE NSE
• FLYONTRIP SERVICES PRIVATE LIMITED BOUGHT 26.57 LKH SHARES ( 0.84 % STAKE ) @ ₹ 9.88
• MEDICO REMEDIES; LARGE TRADE NSE
• FORTUNE MONEY CONTROL PRIVATE LIMITED SOLD 5 LKH SHARES ( 0.60 % STAKE ) @ ₹ 46.03
• PASHUPATI CAPITA SER PVT LTD BOUGHT 6 LKH SHARES ( 0.72 % STAKE ) @ ₹ 46.03
• WANBURY; LARGE TRADE NSE
• SURBHI INVESTMENTS AND TRADING COMPANY PRIVATE LIMITED SOLD 4.1 LKH SHARES ( 1.25 % STAKE ) @ ₹ 265.65
• RESONANCE OPPORTUNITIES FUND BOUGHT 4 LKH SHARES ( 1.22 % STAKE ) @ ₹ 265.65
• SILKFLEX POLYMORE ; LARGE TRADE NSE
• INDIA EQUITY FUND 1 BOUGHT 88 K SHARES @ ₹ 74.68
• PARAMOUNT DYE ; LARGE TRADE NSE
• TGISME FUND SOLD 1.8 LKH SHARES @ ₹ 49.86
• SOMA PAPER INDUSTRIES : LARGE TRADE BSE
• VIVEK KANDA BOUGHT 0.08 LKH SHARES ( 0.57% STAKES ) @ ₹ 50.91/SHARE