Bonus Share: For every 1 share you will get 1 new share for free, record date is 12th December; Stock will also split into 2 pieces – Bharat Rasayan is giving one bonus share to shareholders for every one existing share record date is on december 12 stock will split too

Bharat Rasayan, a pesticide and agrochemicals manufacturer, is going to give bonus shares to its shareholders. Also, stock split is also going to happen. The record date for both is December 12, 2025.

The stock will be split first, after which bonus shares will be issued. One fully paid up equity share of ₹10 face value of the company will be broken into 2 fully paid up equity shares of ₹5 face value each.

Under the bonus issue, shareholders will get 1 new share of the same face value as bonus for every ₹ 5 face value share of Bharat Rasayan held by them.

Shareholders whose names appear in the records of the Register of Members of the Company or Depositories as beneficial owners of shares as on the record date will be entitled to the bonus shares. Also their stocks will be split.

The date of allotment of bonus shares is 15th December. Trading in these shares will start from December 16. Shares of Bharat Rasayan closed at ₹10085.15 on BSE on Friday, December 5. The market cap of the company is around ₹4300 crore.

Promoters held 74.79% stake in the company as of December 15, 2025. The stock has risen 12% in 6 months. It has come down 9% in a month. The 52 week high on BSE is ₹12,121 and the 52 week low is ₹8,807.45.

The company’s consolidated revenue from operations declined to ₹285.96 crore in the September 2025 quarter. Revenue was ₹327.87 crore a year ago. Net profit declined to ₹27.88 crore from ₹32.14 crore in the September 2024 quarter.

Bharat Rasayan on standalone basis recorded revenue of ₹1,173 crore and net profit of ₹125.10 crore during FY25.

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Large caps will take the lead in the next market rally, avoid the temptation to chase after beaten down small cap stocks – Jimeet Modi – in the next market rally large-cap stocks will take the lead avoid the temptation to chase after beaten down small cap stocks

Recently Nifty has been seen crossing 26,000 and Sensex has crossed 86,000. Both have created new all-time highs. Market headlines are celebratory. But if you check your portfolio, the story may seem very different. No joy in the portfolio, no fireworks, maybe even a little loss. This is the message the market wants to give you. When you look beyond the shine of the index’s new highs, you’ll realize that this rally is not broad based. This is a classic and historic case of big stocks quietly seizing leadership. Whereas mid-caps and small-caps are now taking a little rest after two years of rally.

Such bicycles have been seen many times in the last two decades. This pattern rarely fails. When risk appetite decreases in the market, liquidity decreases, valuations increase and uncertainty increases, money automatically moves towards safety. In the Indian equity market, “safety” has always meant the same thing and that is large cap companies with good liquidity and stable earnings.

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Top 10 stocks have the biggest contribution in the market rise

In the last eight months, Nifty has gained 17.4 per cent from its April 2025 low. But about 63 percent of this gain is from the top 10 stocks only. Reliance Industries, HDFC Bank, SBI, Bharti Airtel, L&T and other big companies have done all the work, whereas, there has been hardly any movement in the small-medium stocks segment. Nifty Micro Cap 250 index is down 10 percent. At the same time, small cap is down 2509 percent. Micro cap and small cap, in which most of the retail investors’ money is invested, have not participated in this rally at all.

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Meanwhile, the CNX100/CNX small cap ratio looks clearly above its long-term support trendline. If we look at the past data, this is a level from which there are often indications of the beginning of a big phase of better performance of large caps. In 2008, following this support, large caps showed relative outperformance of 80 percent. After taking support here in 2018, there was a jump of 105 percent in large cap companies. A similar situation was seen developing in the beginning of 2025, since then we have seen the performance of large caps improving.

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Valuation is also giving similar signals

Mid caps are currently trading at 25 times forward earnings. This is more than their 10-year average of 23 times. Small caps are traded at 23 times, which is much higher than their long-term average of 18. These are the levels at which institutional investors hesitate to invest and retail investors get nervous. This would also be supported by the huge FPI selling of Rs 2.67 lakh crore in 2025. In such markets, money naturally searches for safety, which is in favor of large caps.

Expectation of further increase in liquidity

The new Fed Chairman is expected to accelerate the pace of rate cuts in 2026. Lower global rates mean that there will be a flood of liquidity in emerging markets. In such a situation, if money comes to India on a large scale, then perhaps it will first and foremost go into liquid stocks, which fall in the large cap category. Much later this money will reach mid and small cap companies. If we put all these things together, the picture is very clear.

Nifty trend: On the basis of good technical structure, level of 26500 is possible in Nifty soon, keep an eye on these two stocks.

Avoid the temptation to chase falling small caps

If we look at history, it is clear that we are at the beginning of an era where big companies lead the market, strengthen and stabilize the market. Then after this, small and medium companies also join the wedding celebrations as wedding guests.

In such a situation, if you are an investor then avoid the temptation of running after falling small caps. Include these quality stocks in your portfolio. Focus on market leaders.

Jimeet Modi is the CEO and Founder of SAMCO Securities.

Disclaimer: The views expressed on Moneycontrol.com are the personal views of the experts. The website or management is not responsible for this. Money Control advises users to seek the advice of a certified expert before taking any investment decision.

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Mphasis Stock Price: 16 percent rise in last 6 months, will you get huge profits by investing now? – mphasis stock soars 16 percent in last six months should you invest in this stock for decent return

Mphasis’ growth is expected to remain strong going forward. The increasing demand for artificial intelligence, data and AI modernization will contribute to this. The company has got big deals related to GenAI and Agentic AI. This reflects the strong confidence clients have in the company’s next-gen capabilities. The company’s shares have risen about 16 percent in the last six months.

Highest growth in TMT and insurance verticals

Mphasis Has got many big deals. The company is emphasizing on increasing margins. The company is facing difficult times with full confidence. In terms of verticals, TMT (technology, media and telecom) and insurance contributed the most to growth in the September quarter. Weakness continued in the logistics and transportation segment. Growth has been flat on a quarter-to-quarter basis. But there are signs of stability in growth.

America contributes the most to growth

If seen from the point of view of geography, America had the maximum contribution in growth. America’s share in the total revenue was about 83 percent. EMEA performance has been soft for some time. But now it is showing signs of stability. In the September quarter, the company’s EBIT margin saw an improvement of 440 basis points on a quarter-on-quarter basis. The utilization level of the company remains good. Onsite utilization stood at 92 per cent, while offshore utilization (ex-trangy) increased to 87 per cent. Last year it was 76 percent.

The company estimates EBIT margin to be 14.75-15.75 percent.

The share of fixed price contracts also increased by 60 percent on year-on-year basis. Utilization remains high and there is improvement in the fixed-price mix. This is expected to keep margins stable in the short term. The company expects EBIT margin to be between 14.75-15.75 percent. The company’s performance in terms of new deals is good. It has signed a deal worth $528 million in TCV in the September quarter. BFS deals have grown by 45 per cent year-on-year, while non-BFS deals have grown by 139 per cent. This was the second consecutive quarter when TCV deals were worth more than $500 million.

Company’s growth may be double that of the industry

Mphasis is confident of growth being double that of the industry in FY26. Conversion of TCV deal into revenue may be visible in the second half. However, the company may face challenges due to furlough. Performance may remain good in BFS vertical. TMT Aurak Insurance will also benefit from the good deal it got earlier this year. The logistics vertical is also expected to show good growth on a quarter-on-quarter basis in the third quarter.

Should you invest?

On a price-to-earnings (P/E) basis, the valuation of Mphasis shares looks right. Investors can gradually increase investment in this stock. Mphasis shares have risen 4.32 percent this week. On December 5, the stock closed at Rs 2,946, up 1.31 per cent.

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Stocks to Watch: These 13 stocks will be in focus on Monday 8th December, you can get a chance to earn big – stocks to watch monday 8th december indigo ceat pnb nbcc spml gr infraprojects jubilant biocon sunteck hfcl ashoka and more

Stocks to Watch: Stocks of 12 companies will be in focus on Monday 8th December. These stocks will remain on the radar of investors due to new orders, fundraising, tax relief and regulatory updates. Due to this, strong movements can be seen in these shares. Before the market opens, know which stocks can provide strong trading opportunities in Monday’s trading session.

IndiGo said it has again increased its daily flight operations to more than 1,500 following the recent disruptions. The airline had operated just over 700 flights on Friday and had canceled a large number of flights to reset the network, systems and rosters. Today the company has started normalizing operations by reconnecting 113 destinations. Meanwhile, DGCA has issued a show cause notice to the CEO of IndiGo.

The nearly $1 billion deal between Advent International and Whirlpool Corp fell apart over disagreements over valuation. Advent was the frontrunner to acquire 31% stake in Whirlpool India. If the deal had gone through, the company would have had to take majority stake by making a mandatory open offer.

Tire maker CEAT has approved the issuance of unsecured NCDs worth up to ₹250 crore, which will be floated in the market through private placement. The company will issue 2,500 NCDs with a face value of Rs 10 lakh in one or more tranches. These NCDs will have a maximum tenure of 5 years and will be listed in the Wholesale Debt Market segment of NSE.

PNB has reduced its Repo Linked Lending Rate (RLLR) after the repo rate cut by RBI. The bank has reduced RLLR to 8.10% from 8.35% (including 10 bps BSP). This new rate has come into effect from 6 December 2025. The MCLR and base rate of the bank will remain the same as before.

NBCC has successfully completed the e-auction of 175 residential units of one tower (Iconic Tower No. 13) of Aspire Leisure Valley project located in Greater Noida (West). Total sales stood at ₹485.41 crore. NBCC will get 1% marketing fee of the total value on this sale.

SPML Infra has bagged the project worth ₹207.38 crore from Jhalawar PHED, Rajasthan. The company will complete this in collaboration with Shree Hari Infraprojects. This is part of the Nonera Water Supply Project under the Jal Jeevan Mission, which aims to strengthen the water supply infrastructure in Kota and Bundi region.

GR Infraprojects has signed EPC agreement with Jharkhand State Highways Authority for the construction of 26.672 km long Giridih Bypass (towards Tundi). The total cost of the project is ₹290.23 crore and will be completed in 24 months.

Jubilant FoodWorks, which runs Domino’s and Dunkin’ Donuts, has received a rectification order from the Income Tax Department. In this, the earlier tax demand of ₹ 216.19 crore for FY21 has been reduced to ₹ 190.21 crore.

Biocon said its subsidiary Biocon Pharma Ltd has received tentative approval for ANDA of Carbidopa and Levodopa extended-release capsules from the US FDA. The approval applies to all four strengths filed by the company – 23.75/95 mg, 36.25/145 mg, 48.75/195 mg and 61.25/245 mg.

Mumbai-based realty company Sunteck Realty has allotted 1.18 crore convertible warrants at ₹425 per warrant. This preferential allotment of a total of ₹500 crore has been made to the promoter group and select non-promoter investors.

HFCL, through its overseas subsidiary, has received an export order worth ₹656.10 crore for the supply of optical fiber cables from an international customer. These orders are placed under normal contract terms and cables will be supplied as per customer’s requirement. The deadline of the project is till November 2026.

Ashoka Buildcon has received additional work order worth ₹447.21 crore from BMC for the Sion-Panvel Highway project. The new work includes construction of Arm-1 and Arm-2 of the flyover at T-junction in M/E ward of Maharashtra Nagar. This contract is given on a percentage-based rate.

Newgen Software Technologies Ltd

Newgen Software said that an overseas entity of Kuwait has withdrawn the tender for the implementation of its Business Process Management (BPM) platform. This project was worth KWD 1,736,052, information about which was given by the company on 30 September 2025.

Authum Investment & Infrastructure Ltd

Authum Investment has allotted 40 lakh non-cumulative, non-convertible, redeemable preference shares (NCRPS). These shares have been issued at ₹10 face value and ₹1,000 issue price (including ₹990 premium). The total fundraising is ₹400 crore.

Stock in Focus: Stock fell by half in 1 year, now got order worth ₹ 447 crore; Will keep an eye on shares

Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.

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Stock in Focus: Stock fell by half in 1 year, now got order worth ₹ 447 crore; Ashoka Buildcon stock halves in one year but wins new Rs 447 crore BMC order and why the stock will stay in focus

Stock in Focus: Construction engineering company Ashoka Buildcon Limited has received a work order worth ₹447.21 crore. This order has been given by Brihanmumbai Municipal Corporation (BMC) for the ongoing flyover project on Sion-Panvel Highway.

For what work did you get the new order?

The new order includes construction of Arm-1 and Arm-2 of the flyover at T-junction in M/E ward of Maharashtra Nagar. This contract has been given by BMC on percentage-based rate. This is the same project that the company is already making and now its scope has been expanded.

Total cost of the project was ₹1573 crore

After this additional work, the cost of the entire project has increased to ₹1,573.79 crore. The company has clarified that the promoter or the promoter group has no connection with this contract and it does not fall in the category of related-party transaction.

Deadline extended to 13 January 2028

Ashoka Buildcon told the stock exchanges that this new work order is an extension of the same project, which the company had disclosed on October 15, 2024. With the addition of new work, the deadline for the entire project has now been extended to January 13, 2028.

Status of Ashoka Buildcon shares

Shares of Ashoka Buildcon closed 1.92% lower at ₹160.75 on the BSE on Friday. The stock has fallen 19.95% in the last 1 month. It has fallen 27.96% in the last 6 months. This year i.e. in 2025 the stock has fallen by 47.51%. The market cap of the company is Rs 4.51 thousand crore.

Ashoka Buildcon’s business

Ashoka Buildcon is a large infrastructure company. It mainly works like highways, flyovers, bridges, railway projects and power transmission. The company takes up many big projects related to roads and cities from the government and various agencies.

Ashoka Buildcon works on models like EPC, Hybrid Annuity and BOT. Road construction is its biggest business, but the company is also gradually increasing its presence in water supply and urban development projects.

Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.

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InterGlobe Aviation Stocks: Shares fell 9% in a week, is this the right opportunity to invest in InterGlobe Aviation shares? – interglobe aviation stocks slip 9 percent in a week this is the right time to invest in this stock

InterGlobe Aviation is going through difficult times right now. Flight Duty Time Limitation (FDTL) rules had an impact on the airline’s services. The company had to cancel a large number of its flights. Many flights were significantly delayed. Even now the company’s air services have not returned to normal. This has affected the shares of InterGlobe Aviation. The share price has fallen by about 9 percent in a week. The question is whether this is the right opportunity to invest in shares at cheap prices?

Big decline in company’s OTP in two months

InterGlobe Aviation operates approximately 2200-2300 flights daily to 94 domestic and 45 international destinations. There has been a big decline in the on-time performance (OTP) of the company’s flights at major airports in about two months. It was 84 percent in October, which fell to 67 percent in November. In the beginning of December it slipped to 19.7 percent.

Major impact on flights of Mumbai, Bengaluru, Hyderabad, Chennai, Delhi

In November the company had to cancel 1,232 flights. Of these, 755 cancellations were directly related to Crew/FDTL. This month the company has canceled more than 550 domestic and international flights. Its biggest impact has been on airports like Mumbai, Bengaluru, Hyderabad, Chennai and Delhi. This has led to a rise in flight ticket prices. Prices have reached 4-10 times on many routes.

Impact of new rules of DGCA FDTL

The biggest reason for the disruption in the company’s air services is the new rules of DGCA FDTL. Its purpose is to increase safety and reduce fatigue of pilots. These rules were to be implemented in phases. The final phase came into effect from November 1. This has affected the high-frequency, overnight flight model. In the new rules of FDTL, the weekly rest of pilots has been increased to 48 hours. A limit of 2 per week has been fixed for night landing.

Number of flights will be reduced from December 8

Indigo is reducing the number of flights from December 8 to deal with the problem. However, cases of flight cancellations and delays may continue for the next 2-3 days. The company has sought exemption from the rule of reduction in night flying hours till February 10, 2026. The company says that its operations are expected to become normal by then.

Shares fell almost 9 percent in a week

This week the company’s shares have fallen by about 9 percent. The company’s shares had closed at Rs 5,772 on December 1. It closed at Rs 5,367 on December 5. Disruption in the company’s services may continue in the next few weeks i.e. in the short term. The reason for this is that the company will be affected by new regulatory rules and it will have to face shortage of manpower. But, the outlook for the company seems positive in the long term. The management of the company is responsible and the company can change itself according to the new rules.

What should you do?

IndiGo shares appear to be well valued as they are currently trading at 8.1 times FY28 estimated EV/EBITDAR. Investors can increase investment in Indigo shares at the current price. It needs to be kept in mind that despite increase in costs due to increase in the number of international flights, fall in oil prices and strong demand during the festive/wedding season, the company will still benefit.

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Market Outlook: It is too early to look for a bottom in the market, consolidation may continue in the coming months – market outlook markets lack earnings momentum consolidation likely to continue in the coming months

Market Outlook: Talking about the market outlook Market Expert Anand Tandon Said that a slight correction has been seen in the market in terms of valuation. Due to which there was not much decline in the market. However, concerns still remain. A year ago, Indian markets were expensive compared to markets around the world but now the valuations have reduced slightly. But earning momentum is still not visible in the market. According to Anand Tandon, unless there is earnings growth in the market, the market may remain flat and consolidation may be seen in the market in the coming few months.

He further said in this conversation that it is still too early to find the bottom in the market.

financial sector good

Talking about the NBFC sector, he said that the sector will benefit from the repo rate cut and this is visible after the announcement. I believe that the valuations of the financial sector are quite good. The earnings book of the sector is still clean. There is an overweight view on this sector.

Negative on domestic consumption, money will be made in engineering sector, power sector

However, at present I do not see any significant activity in the rest of the sector. The auto sector has performed well in the last 1-2 months, but until I see sectors like IT starting to hire more people again, my view on domestic consumption will remain negative. I believe that investing in engineering sector, power sector is also safe and good returns will also be made here.

(Disclaimer: The views expressed on Moneycontrol.com are the personal views of the experts. The website or its management is not responsible for the same. Money Control advises users to seek the advice of certified experts before taking any investment decision.

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Market This week: Amid fluctuations the market reached new highs on a weekly basis, the rupee slipped to a record low – market this week amid fluctuations the market reached new highs on a weekly basis the rupee slipped to a record low

Market This week: Indian equity indices ended unchanged for the volatile week ending December 5. A sharp jump was seen in Sensex-Nifty in Friday’s session. This was due to the sudden interest rate cut by the Reserve Bank of India (RBI), lowering of FY26 GDP estimate to 7.3% and reduction in inflation. In the week ending December 05, the BSE Sensex index closed without any change at 85,712.37, reaching an all-time high of 86,159.02. While the Nifty 50 index also closed with little change at 26,186.45 after touching a new record high of 26325.8 during the week.

Last week, BSE Largecap index closed flat. Waaree Energies, Bajaj Housing Finance, Interglobe Aviation, Max Healthcare Institute, JSW Energy, Hindustan Unilever saw a decline of 5-9 percent. Whereas Vodafone Idea, Info Edge India, Wipro, Swiggy, TVS Motor Company, Indus Towers, Infosys, Tech Mahindra, HCL Technologies, Asian Paints, LTIMindtree, Tata Consultancy Services saw a growth of 3-8 percent.

BSE midcap index fell 1.2 percent. Kaynes Technology India, Ola Electric Mobility, Hitachi Energy India, Whirlpool of India, Motilal Oswal Financial Services, Premier Energies, Nippon Life India Asset Management, Indian Bank were midcap losers.

On the other hand, National Aluminum Company, MphasiS, PB Fintech, KPIT Technologies, Coforge, NMDC, Balkrishna Industries, Ajanta Pharma were the top gainers.

BSE’s smallcap index closed with a decline of about 2 percent. Kothari Industrial Corporation, Spectrum Electrical Industries, Thyrocare Technologies, Tuticorin Alkali Chemicals and Fertilizers, Transworld Shipping Lines, TVS Electronics, Transformers and Rectifiers India, LE Travenues Technology (IXIGO), SEPC, Kingfa Science & Technology, PRAVEG, Shakti Pumps (India) witnessed decline.

On the other hand, Nectar Lifesciences, SMC Global Securities, Integrated Industries, InfoBeans Technologies, Birlasoft, Hindustan Copper, Sun Pharma Advanced Research Company, ZF Commercial Vehicle Control Systems India saw a gain of 12-23 percent.

If we look at the sectoral front, last week Nifty Consumer Durable, Nifty Defence, Nifty Media, Nifty Capital Market index fell by 2 percent. Nifty PSU Bank, Healthcare, Realty, Oil and Gas indices fell 1-1.5 per cent. On the other hand, Nifty IT index saw a rise of 3.5 percent, Metal and Auto index saw a rise of 0.5 percent.

Last week, the biggest decline was seen in the market cap of Reliance Industries. After that came Hindustan Unilever, Titan Company, State Bank of India. On the other hand, there was an increase in the market cap of Tata Consultancy Services, Infosys, HCL Technologies. (Disclaimer: Network 18 Media and Investment Limited is owned by Independent Media Trust. Its beneficiary company is Reliance Industries.)

Foreign Institutional Investors (FIIs) continued their selling and sold equities worth Rs 10403.62 crore, while Domestic Institutional Investors (DIIs) continued their buying and bought equities worth Rs 19785.5 crore.

The Indian rupee continued to decline against the US dollar and crossed 90 for the first time, hitting a new record low of 90.42 on 4 December. However, the domestic unit made some recovery but closed at 89.99 per dollar, down 55 paise against last week’s closing price of 89.45. During the week, the Indian rupee traded in the range of 89.42-90.42.

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