Two government companies violated SEBI rules, NSE and BSE imposed fine – NSE and BSE Impose Fines on Coal India and Mtnl for Corporate Governance and Independent Director Lapses
Government company Coal India Limited (CIL) said on Monday that due to non -appointment of independent directors in its board, he has been fined ₹ 10.72 lakh. The company said in the regulatory filing that both BSE and NSE have fined ₹ 5.36 lakh- ₹ 5.36 lakh due to violation of SEBI rules.
Violation of Regulation 17
SEBI (LODR) Regulation 17 is mainly associated with corporate governance rules. This includes disturbances such as the wrong structure of the board (such as independent directors deficiency), not passing special resolutions for non-executive directors above 75 years of age, or not organizing minimum four meetings of the board.
Cleaning of Coal India
CIL said that all the members of the board are appointed by the President of India, so the appointment of independent directors in the board does not come under its jurisdiction. The company said that in this case it is constantly in touch with the Ministry of Coal.
The company said that it has appealed to both NSE and BSE to waive the fine. Earlier, the exchanges had taken a positive decision on his appeal for his apology. Currently, the board of CIL has six independent directors.
MTNL also fined
Government telecom company Mahanagar Telephone Corporation Limited (MTNL) has imposed a fine of ₹ 6.73- ₹ 6.73 lakh by stock exchanges- NSE and BSE. The company informed in regulatory filing on Saturday that the penalty has been imposed in the board for not following the rules of SEBI (LODR) Regulations, 2015.
Causes of violation of rules
Exchange said that MTNL has not followed the rules in many cases. These include,
Responsibility on government
MTNL said in its statement that it is a public sector undertaking (PSU) and all the board members, including independent directors, are appointed by the Department of Telecommunications (DOT).
The company said that two independent directors have been appointed from April 15, including a female director. At the same time, the matter of appointment of four more independent directors is under consideration with the government. MTNL also said that it has appealed to forgive the fine imposed from both NSE and BSE.
Disclaimer: Here information provided is being given only for information. It is necessary to mention here that the investment market in the market is subject to risks. Always consult experts before investing money as an investor. There is never advice to anyone to invest money on behalf of Moneycontrol.
After 3 days in the stock market, the Sensex rose 554 points, investors earned ₹ 5.25 lakh crore – Share Market Rally Sensex Soars 554 Points Investors Wealth Jumps RS 5 25 Lakh Crore
Share Market Today: Indian stock markets started September with a great lead. The BSE Sensex closed 554.84 points or 0.70 per cent with 80,364.49. At the same time, the Nifty jumped 198.20 points or 0.81 per cent and closed at 24,625.05. In the June quarter, due to more GDP data than expected, the stock market sentiment was seen high. The market also got support due to its upcoming meeting of GST Council and Value Bing. Almost all the sectors saw all -round purchases.
Investors earned ₹ 5.25 lakh crore
These 5 shares of Sensex were the highest boom
These 5 shares of Sensex rolled the most
2,800 shares up
The most faster auto and IT companies’ shares saw a boom. There was greenery in the broad market as well. The Nifty Midcap and Smallcap closed down by about 1 percent. The India VIX index, which indicated volatility in the stock market, also closed 4 per cent.
Investors earned ₹ 5.25 lakh crore
The total market capitalization of listed companies in BSE increased to Rs 448.90 lakh crore on 1 September, which was Rs 443.65 lakh crore on its previous trading day i.e. Friday, August 29. In this way, the market cap of listed companies in BSE has increased by about Rs 1.37 lakh crore today. Or in other words, the property of investors has increased by about Rs 1.37 lakh crore.
These 5 shares of Sensex were the highest boom
23 out of 30 shares of BSE Sensex closed with an increase in green mark today. This led to the highest up of 3.65 per cent of the shares of Mahindra & Mahindra (M&M). After this, the shares of Tata Motors, Trent, Eternal and Asian Paints closed with a gain of 3.17 per cent to 2.13 per cent.
These 5 shares of Sensex rolled the most
At the same time, the remaining 7 shares of the Sensex closed in the red mark. In this too, the stock of Sun Pharma declined by 1.87 per cent to the top losis. At the same time, shares of ITC, Hindustan Unilever (HUL), Titan and Reliance Industries (RIL) declined from 0.24 per cent to 0.99 per cent.
What is the condition of the rest of the Sensex shares, you can see it in the picture above-
2,800 shares up
The number of shares closed with an edge on the Bombay Stock Exchange (BSE) today was more. A total of 4,380 shares on the exchange were seen today. Out of this, 2,800 shares closed up rapidly. At the same time, 1,387 shares saw a decline. While 193 shares were closed flat without any fluctuations. Apart from this, 129 shares touched their new 52-whee high during trading today. At the same time, 113 shares touched a new lower level of 52-weeks.
Disclaimer: Here information provided is being given only for information. It is necessary to mention here that the investment market in the market is subject to risks. Always consult experts before investing money as an investor. There is never advice to anyone to invest money on behalf of Moneycontrol.
Gr infraproject decision, 20,222 shares allotted under ESOP scheme – GR Infraprojects Allots Allots 20222 Shares under Esop Scheme
GR Infraprojects have announced the allocation of shares under its ESOS/ESOP. The Nomination and Removing Committee approved the allocation of 20,222 equity shares on 1 September 2025.
This allocation was made under the “Gr Infraprojects Limited Employees Stock Option Scheme – 2021”. The face value of each share is ₹ 5, and the exercise price is ₹ 1,000 per share.
The shares allocated under ESOP are under Sebi (Share Based Employee Benefits and Sweat Equity) Regulations, Regulations 10 (C) of 2021. After the allocation, the total number of shares issued is 9,67,60,529, and the total share capital released is ₹ 48.38 crore.
The specific number of shares with ISIN ISIN is from 99499730 to 99519951. These shares will be at the same level with the current shares of the company.
The objective of the ESOP scheme is to motivate employees, maintain important personnel, achieve continuous growth and create a shareholder value by aligning the interests of the employees with long -term goals of the company. The vesting period for options from the grant date set by the committee is between one and four years. After westing, options can be used within a period of three years from the date of the respective westing.
The company has confirmed that all the shares allotted under the scheme will be at the same level with existing shares. No listing fees are currently payable for these shares.
The company has informed about the allocation of stock exchanges, BSE and NSE to ensure compliance and transparency.
Gr infraprojects limited, which first GR Agarwal was known as Builders and Developers Limited, a company focused on infrastructure projects. The corporate office is located in Gurugram, Haryana, while the head office is in Udaipur, Rajasthan, and the registered office is in Ahmedabad, Gujarat.
The company’s shares are listed under the script code 543317 on the Bombay Stock Exchange (BSE) and under the Grinfra Symbal on the National Stock Exchange (NSE).
The company has confirmed that all the shares allotted under the scheme will be at the same level with existing shares.
Stock Market Live Update: Sensex climbed 360 points, Nifty above 24500, Infosys, Tech Mahindra, PowerGrid Top Gainer – Live Stock Market Today September September 1 Updates BSE NSE NSE SENSEX NIFTY LATASEX TORRERNN Power NCC PG Electroplast Bhel Popular Vehicles Share Price
Stock Market Live Update: Strategy on Nifty Bank
The Nifty Bank has become very weak. Last big support 52,900 (200 DMA)
Small support above it is at 53,200-53,300. The first registration is at 53,800-54,000. The big registration is at 54,200-54,500.
FPI Outflow: The biggest selling of 6 months! FPI extracted 35 thousand crores from the stock market – FPI Massive Selloff in August Foreign Investors Pull Out Rs 35000 Crore from Indian Equites
Foreign Portfolio Investors (FPI) sold a huge selling of Rs 34,993 crore (about $ 4 billion) from the Indian stock market in August. This was the largest withdrawal in the last six months. This is the first time since February, when such a large amount of money has gone out of the market. Earlier in February, FPI sold shares worth Rs 34,574 crore.
This withdrawal was almost doubled compared to July, when an outflow of Rs 17,741 crore was recorded. In this way, in 2025, the total FPI withdrawal from Indian equity has reached a level of Rs 1.3 lakh crore.
What causing FPI selling?
Experts believe that both global and domestic factor are responsible for the current selling. Himanshu Srivastava, Associate Director, Morningstar Investments, said Himanshu Srivastava said US President Donald Trump has imposed a 50% tariff on Indian exports. This has shocked the assumption of investors.
He said that due to heavy tariffs, the possibility of India’s business competition and growth outlook increased. Also, in the June quarter, corporate earnings of some major sectors were weaker than expected, which reduced the hunger and reduced investors.
Expensive valuation is also a big reason
VK Vijaykumar, the Chief Investment Strategist of Geojit Investments, says that the major reason for this massive FPI selling is a high valuation in India. At the same time, valuations in other markets are relatively cheap. For this reason, investors are shifting capital there.
However, he also stated that FPI has been a buyers in the primary market for a long time. Despite heavy selling through exchanges this year, he has bought equity of Rs 40,305 crore in the primary market, where the valuation of the IPO was somewhat attractive.
Stir in date market too
The FPI also changed a partial stand in the date market in August amidst evacuation from equity. He invested Rs 6,766 crore in the Date General Limit during this period, while the date volunteer withdraws Rs 872 crore from the retention route.
Disclaimer: Here information provided is being given only for information. It is necessary to mention here that the investment market in the market is subject to risks. Always consult experts before investing money as an investor. There is never advice to anyone to invest money on behalf of Moneycontrol.
Market Outlook: How will the market move this week, on which factor will investors be eyeing; Know in 10 points – Market Outlook September First Week Us Jobs Data Auto Sales Rupee Trend
Market Outlook: Last week, there was pressure on the Indian stock market. The benchmark index broke 1.8% to close to the low of August after the US government imposed additional tariffs on Indian goods. Amidst the tremendous selling of FII, even the big purchases of DII could not handle the market. However, there was a slight relief from a potential reduction in GST rate, better monsoon and expectation of fed rate deduction in September.
The market will react to the development related to GDP data better than expected in the first quarter on Monday and the 4 -day visit of Prime Minister Narendra Modi (29 August -1) to Japan and China. According to experts, the week starting from 1 September is likely to remain in a limited range. During this time, the GST Council meeting, auto sales, US job data, manufacturing and services PMI number and Indo-US trade negotiation will be an eye on the market.
Siddharth Khemka, the research head of Motilal Oswal Financial Services, said, ‘We estimate that the market will remain in a limited range. This will focus on strategic meetings with PM Narendra Modi’s top leaders of Japan and China. At the same time, Vinod Nair, research head of Geojit Investments, believes that the market can show a mixed attitude.
Let’s know about those 10 important factor, which will decide the condition and direction of the market next week.
GST Council Meet
At the domestic level, everyone’s eyes will be on the GST Council meeting to be held on September 3-4, in which a final decision will be taken about the slab. This meeting is taking place at a time when an additional 25 percent tariff has been implemented on American goods from 27 August. This has affected sectors like textile, shrimp, footwear, chemical and jewelery.
Most experts believe that the GST reform will be finalized and implemented in September itself, ie before Diwali. Before this, the concessions and tax deduction declared in the budget will strengthen the market’s sentiments and consumption on time.
According to government proposals, soon the 2-per GST system (5 percent and 18 percent) may be applicable. This can include many sectors including fertilizer, textile, footwear, medicines, surgical items, medical devices, education, paper. This information has been given by CNBC-TV18 quoting sources.
Globally, all the markets will be eyeing the unemployment rate of August and non-form payrolls data after July Jolts Jobs Openings and Quits reports. This will be important in deciding the next policy of Federal Reserve. GDP revision and estimated PCE figures have already indicated the possibility of rate cut in the September policy meeting.
Kaynat Chainwala of Kotak Securities said, ‘Recently Fed Chair Powell has pointed to the risk going down in the labor market. In such a situation, if there is a weakness in the August job report, then the matter of policy eating will be further strengthened.
The final figures of August Manufacturing and Services PMI will be released from major countries like the US, Eurozone, Japan and China next week globally. In addition, August’s flash inflation, July retail sales data and the June quarter of Eurozone will also be in the focus.
Manufacturing and Service PMI
Next week, many important figures on the domestic front will also determine the direction of the market. The final figures of the manufacturing and service PMI of August will be released on 1 September and 3 September. According to initial estimates, HSBC Manufacturing PMI in August reached PMI 59.8 and Service PMI 65.6, better than the final print of July 59.1 and 60.5.
In addition, the details of the week’s foreign exchange reserves ending on August 29 will be released on 5 September. The reserves declined to $ 690.72 billion in the week ended on August 22, while it was $ 695.11 billion earlier.
Focus on auto cells
Automobile sales figures of August will also be declared next week, which will be closely monitored by investors. This can cause a stir in shares of Tata Motors, Mahindra & Mahindra, Ashok Leyland, Bajaj Auto, Hero Motocorp, TVS Motor, Eicher Motors and Escher Motors and Escorts.
FII-DII Activities
The attitude of Foreign Institutional Investors (FII) is currently a matter of concern for the market. He made aggressive selling last week due to change in tariff policies and high valuation. Last week, FII sold shares worth Rs 21,152 crore, causing the total selling of August to reach Rs 46,903 crore. It was Rs 47,667 crore in July. However, he maintained shopping in the primary market.
On the other hand, Domestic Institutional Investors (DII) continuously supported the market and purchased at every decline. He made a purchase of Rs 28,645 crore last week and Rs 94,829 crore in August, which is the biggest monthly net shopping since October 2024.
Rupee at record low
Meanwhile, the rupee also remains a matter of concern for investors. On Friday, the rupee fell 0.66 percent to close at 88.12 per dollar, which is the lowest level ever. It reached 88.31 in Intrade. Long bullish candles were made on the currency chart and it all showed trading above the moving average, thereby signs of short term pressure.
The Indo-US trade war, the hedging demand of the importers and the FPI outflow have increased the pressure on the rupee. However, it is working for partial relief for exporters. Anindya Banerjee, the head of Kotak Securities and Commodity Research Anindya Banerjee, said, “Rupees are still underwelled compared to their emerging market colleagues. However, in the near period, trade war may cause pressure due to concerns. ‘
IPO market condition
Despite the weak benchmark and broad market trends, the primary market will rise. Next week, eight new public issues will open. Of these, only the ₹ 126 crore IPO of Amaanta Healthcare from the mainboard will open on 1 September. The remaining seven issues will be from the SME segment. These include Rachit Prints, Goel Construction, Optivalue Tek Consulting, Austere Systems, Vigor Plast India, Sharma Metals and Vashishtha Luxury Fashion.
Apart from this, the IPO of Oval Projects Engineering, Sugs Lloyd, Snehaa Organics and Abril Paper Tech will be closed next week. At the same time, Anlon Healthcare and Vikran Engineering will be listed on the mainboard on 3 September, as well as 11 listings will be seen in the SME segment.
Technical attitude
Technical charts are indicating that Nifty 50 is currently weak. On Friday, the index took trendline support on the closing basis but it remained below the short -term moving average. The pattern like ‘Shooting Star’, made last week, is indicating Barech Reversal. The negative crossover in MACD and RSI’s lasting at 49.7 is showing weakness. If the index goes below 24,400, then a low test of August may be. At the same time, it is possible to move up to 25,000 on crossing 24,700 upwards.
Nifty Outlook: How will the Nifty move on 1 September, which levels will be experts; Know the expert
F & O Trends and Voltyness Index
Options data shows that there is strong resistance for Nifty at 24,500-24,600. A rally is possible only after standing on top of it. The support is visible at 24,400-24,300 and then directly at 24,000. India Vix rose 0.21 percent to 11.75 this week. Due to low volatility, there is a risk of fast move in the market in any direction.
Corporate action
Next week, many companies are also fixed at corporate action like dividend and bonus shares, which will be monitored by investors. (See chart)
Disclaimer: Advice or idea experts/brokerage firms given on Moneycontrol.com have their own personal views. The website or management is not responsible for this. Moneycontrol advises to users that always seek the advice of certified experts before taking any investment decision.
Nifty Outlook: How will the Nifty move on 1 September, which levels will be experts; Know the expert – Nifty Outlook September 1 Stock Market Trend Key Support and Resistance Levels Experts Expert Analysis
Nifty outlook: On the last trading day of last month, the process of decline in the domestic stock market on Friday 29 August continued till the third consecutive session. The Nifty closed 74 points to close at 24,427. The Nifty has so far slipped 750 points from the recent swing high 25,153. The index is 1.78% broken on a weekly basis, which is the biggest decline in the last five months. The major reason for the market pressure was the announcement of frequent selling at upper levels and 50% tariff on Indian exports by the US.
Now on the first business day of the new month i.e. on Monday 1 September, how will the Nifty move, which level will be important, will understand it from experts, but before that we know what happened in the market on Friday.
Decline in overall market
Bodder markets also showed weakness. Nifty midcap 100 and smallcap 100 closed down 0.6% and 0.4% respectively. Realty, auto and IT remained under the highest pressure in the sectoral index, while Nifty FMCG strengthened 1%. The rise in FMCG stocks was due to the hopes related to the GST council meeting to be held on September 3-4.
Foreign investors in the cash market were net seller on Friday. However, domestic institutional investors gave some support as net buyers.
How will the Nifty move ahead
Now the market is eyeing Prime Minister Narendra Modi’s visit to China, where he is going to attend the SCO Summit for the first time after seven years. This four -day visit also covered Japan, where India focused on strengthening business relations.
The US economy has shown strength in the second quarter. GDP growth has been estimated from 3.0% to 3.3%, the credit is being given to strong consumer expenses and low imports.
Analysts believe that Indian equity may remain in a limited scope currently. The next week will have an impact of Indo-US trade talks and the Prime Minister’s meeting with global leaders. The market on Monday will also react to India’s second quarter GDP and US retail inflation data.
Expert opinion on Nifty
The process of decline in the Nifty continues and the short-term trend still remains weak. Analysts believe that the index is close to important support levels and from here a decisive move will determine the next direction.
Nagraj Shetty of HDFC Securities says that the Nifty is close to the critical support of 24,300–24,200. If this level breaks, the index can slip up to 24,000–23,900. At the same time, closing trends above 24,700 upwards can bend in favor of bulls.
‘Sell on Rise’ strategy better
LPK Securities’s metaphor Dey says that the Nifty has slipped under 100-ma, which confirms the deep bearish trend. According to him, weakness may continue and the index can go close to 200-DMA (24,071). The support is at 24,400 and 24,150, while the resistance is visible at 24,650. Day says that it would be better to adopt the “Sell on Rise” strategy until the Nifty goes above 24,850.
Stocks to Watch: 17 stocks will be seen in focus on Monday 1 September, big movement can be seen
Short covering signs missing
Osho Krishnan of Angel One said that the Nifty remains around 24,350. If this level breaks, the fall may increase to 24,150–24,100 (200-DSMA). Nandish Shah of HDFC Securities said that the Nifty is moving towards its previous swing 24,337 and 200-ma (24,267) support. At the same time, resistance levels have now shifted to 24,572 and 24,700.
Nilesh Jain of Centerum Broking says that despite the oversold condition, there are no signs of short covering. Weakness may remain, with 24,070 (200-DMA) main support and 24,700 (100-DMA) important resistance.
Disclaimer: Advice or idea experts/brokerage firms given on Moneycontrol.com have their own personal views. The website or management is not responsible for this. Moneycontrol advises to users that always seek the advice of certified experts before taking any investment decision.
Stocks to watch: These 17 stocks will be seen on Monday 1 September, big stir – Stocks to Watch 1 September Torrent Power BHEL Stlite Technologies IOC RBL Bank and more
Stocks to watch: Stocks of 17 companies will be closely monitored in the Indian stock market on Monday, September 1. These include big deal, new projects and important financial updates. Let’s know about those 17 stocks that will be on the radar of investors and traders in Monday’s trading session.
Torrent Power has received a large project costing about Rs 22,000 crore. This letter of Award (LOA) has been received from Madhya Pradesh Power Management Company Limited (MPPMCL) for the development and power supply of 1,600 MW coal -based power plant. In this, the tariff was fixed at Rs 5.829 per unit.
Bharat Heavy Electricals Limited (BHEL) has signed a license agreement for technical transfer (LATOT) with DRDO Unit Defense Metalgical Research Laboratory (DMRL), Hyderabad. The agreement covers the manufacture of fused silica radar domes, which will be prepared from cold isostatic pressing and sensing routes.
Sterlite Technologies LTD’s US Arms- Sterlite Technologies Inc has been ordered by the US court to pay $ 96.5 million. The case was made by Prysmian Cables on charges of violation of non-involvement and confidentiality agreement. STL has clarified that the company is not a party of this dispute.
Indian Oil Corporation (IOC) has announced a large expansion scheme to spend Rs 1.66 lakh crore in the next five years. The company will invest in traditional oil operations as well as investing in petrochemicals, natural gas and renewable energy. The target is to increase the refining capacity from 80.75 million tonnes per year to 98.4 million tonnes by 2028.
The board of RBL Bank has approved to raise up to Rs 6,500 crore through equity and date instruments. In this, equity shares up to Rs 3,500 crore can be issued through QIP. The proposal will be placed in AGM for approval of shareholders.
Bank of India has cut its marginal cost of fund-based lending rate (MCLR). There has been a decrease of 10 basis points at 1, 3 and 6 months tanner, 5 basis points at 1 year tanner and 15 basis points on 3 years tanner. The new rates will be applicable from Monday.
Ather Energy has launched its new EL platform. The company says that this platform is scalable and versatile, through which many electric scooters can be prepared in different segments. This will reduce production costs and assembly times. On Friday, the stock rose 4.35% to close at Rs 448.90.
Government company BEML LTD has received an order of more than Rs 80 crore for supply of utility track vehicles from Indian Railways. On Friday, the company’s stock rose 0.42% to close at Rs 3,855. It has gained 1.49% in the last one year.
NSE and BSE have fined Dish TV on dish TV for violation of listing rules. The company said that the penalty would be paid on time and will have no effect on financial or operating activities.
HG Infra Engineering has allotted to raise Rs 400 crore through non-convertible debentures (NCDs). The company says that this amount will be used to meet business needs and funding requirements.
Adaani Power has received the LOA of 800 MW Ultra-Supreme Critical Thermal Power Project from MP Power Management Company Limited. This project will be set up in Anuppur district of Madhya Pradesh. The company’s stock rose 0.81% to close at Rs 599.75 on Friday.
PG Electroplast Limited’s step-down subsidiary Next Generation Manufacturers Private Limited has mouted for a Greenfield Project of Rs 1,000 crore with the Government of Maharashtra. This unit will be built in Ahilynagar district and will produce consumer electronics like air conditioner, washing machine, refrigerator.
The GOCL Corporation Limited of the Hinduja Group has given theoretical approval to the acquisition of thermal power operations of Hinduja National Power Corporation Limited (HNPCL). The company said that after completion of sales of land montization and subsidiary, it now has sufficient liquidity and strong asset base.
Popular Vehicles and Services Ltd has received in-principle approval from Maruti Suzuki India to buy an authorized dealership in Telangana. The deal will transfer operational assets such as equipment, machinery and digital assets, but does not include land and building.
Stock in focus: Electricity company gets a project of ₹ 22000 crore, will be watching stock
NCC Limited has received two new orders in August 2025, whose total value is Rs 788.34 crore. These projects are associated with the company’s water division. The company’s stock fell 1.70% to close at Rs 204.39 on Friday.
The government company NHPC LTD said that its board has approved a revised browing plan up to ₹ 10,000 crore for FY26. This amount will be raised in many trenches through bonds, term loan or external commercial browing.
Disclaimer: Here information provided is being given only for information. It is necessary to mention here that the investment market in the market is subject to risks. Always consult experts before investing money as an investor. There is never advice to anyone to invest money on behalf of Moneycontrol.
35% drop in 1 month, now an agreement of ₹ 1000 crore with Maharashtra government; Keep an eye on the stock – PG Electroplast Signs Rs 1000 Crore Maharashtra Deal to Build New Electronics Plant as Stock Plungs 35 Percent in One Month
Pg electroplast share price: Veteran Electronics Manufacturing Services (EMS) Company- PG Electroplast Ltd’s step-down subsidiary- Next Generation Manufacturers Private Limited has signed a ₹ 1,000 crore MoU (MOO) with the Government of Maharashtra. The agreement is for the Greenfield Consumer Electronics Plant, which will be set up at Kamargaon, Ahilyanagar.
More than 5,000 jobs will be created
This project is part of the state’s Magnetic Maharashtra initiative. Under this, integrated manufacturing capacity will be developed for air conditioners, washing machines, refrigerators and other affiliated products.
It is estimated that the project of PG Electroplast will create more than 5,000 direct and indirect jobs. This will promote consumer electronics ecosystem in western India.
Agreement in the presence of Chief Minister
The agreement was formally reached in Mumbai in the presence of Maharashtra Chief Minister Devendra Fadnavis and Industry Minister Uday Samant. PG Electroplast said that this facility would be vertically integrated and will strengthen local components ecosystems.
PG Electroplast Pressure Pressure
The deal with the Maharashtra government is done at a time when PG Electroplast shares are under pressure. On Friday, the stock on the NSE fell 1.55% to close at ₹ 532.85. The stock has come down 34.35% in the last 1 month. At the same time, this year i.e. 2025 has fallen by 47.95% so far. The market cap of PG Electroplast is ₹ 15.02 thousand crores.
The reason for the decline in shares
In recent weeks, the company had reduced the Revenue Growth Guidance of FY26 from 30.3% to 17–19%. At the same time, the estimate of net profit was reduced from ₹ 405 crore to ₹ 300–310 crore. This was followed by a decline of up to 35% in shares.
However, in a conversation with CNBC-TV18, Vikas Gupta of PG Electroplast said that at the moment he does not see any fears of any downside risk on revised guidance and promoters are fully committed to business.
Brokerage’s trust maintained
Despite the PG Electroplast’s Commercial Growth Expectation and the reduced Capex plans, the veteran brokerage firm Nuvama has retained the ‘Buy’ rating on the stock. However, it has reduced the target price from ₹ 1,100 to ₹ 710. This shows an increase of 33.23% from the current level.
Disclaimer: Advice or idea experts/brokerage firms given on Moneycontrol.com have their own personal views. The website or management is not responsible for this. Moneycontrol advises to users that always seek the advice of certified experts before taking any investment decision.