Financial News
Indo Tech Transformers Stock Jumps After Securing Major Order
Indo Tech Transformers is currently trading at RS 1740.00, up by 43.55 points or 2.57% from its previous closing price of RS 1696.45 on the BSE.
The stock opened at RS 1742.75 and has touched a high of RS 1758.80 and a low of RS 1715.00 so far. A total of 783 shares have been traded on the counter.
This BSE group ‘B’ stock with a face value of RS 10 has recorded a 52-week high of RS 3792.90 on 09-Jan-2025 and a 52-week low of RS 1540.00 on 07-Aug-2025.
In the last one week, the stock recorded a high of RS 1758.80 and a low of RS 1662.00. The current market capitalization stands at RS 1840.61 crore.
Promoters hold 75.00% stake in the company, while Institutions hold 0.77% and Non-Institutions hold 24.23%.
Company Bags RS 91.26 Crore Purchase Order
Indo Tech Transformers has received a purchase order worth RS 91.26 crore (plus applicable taxes) from Four EF Constructions.
The order is for the supply of 11 transformers, which includes:
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3 units of 112/160 MVA transformers
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6 units of 87.5/125 MVA transformers
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2 units of 70/100 MVA transformers
All 11 transformers are scheduled to be delivered between August 2026 and October 2026.
Indo Tech Transformers is engaged in the manufacturing of power and distribution transformers, special application transformers, mobile sub-station transformers, and sub-stations.
Major Development: MoU Signed with Dangote Group
Engineers India (EIL) has signed a Memorandum of Understanding (MoU) with Dangote Group to act as the Project Management Consultant (PMC) and Engineering, Procurement and Construction Management (EPCM) consultant for the second train of the Dangote Refinery, the largest refining complex in Africa.
This agreement builds on EIL’s successful role in constructing the first 6,50,000 barrels per day (bpd) refining train at the Lekki Free Zone, commissioned in 2024. Dangote now plans to expand the refinery’s capacity to 1.4 million bpd by 2028, positioning it to become the world’s largest petroleum refinery at a single location.
The expansion will also include a new PDH unit, boosting polypropylene output from 8,30,000 tonnes per annum to 2.4 million tonnes, enhancing Africa’s fuel and petrochemical supply and reducing dependency on imports.
Lenskart Solutions up 0.49% to RS 406.55; launches limited-edition collection with Popmart
Lenskart Solutions is trading at RS 406.55, up 2.00 points (0.49%) from its previous close of RS 404.55 on the BSE. The stock opened at RS 405.10, touching a high of RS 409.95 and a low of RS 401.60. About 84812 shares have been traded so far.
The stock’s 52-week high is RS 438.65 and 52-week low is RS 355.70. The company’s market cap stands at RS 70357.66 crore. Promoters hold 17.57%, institutions 74.16%, and non-institutions 8.26%.
Lenskart has partnered with Labubu Popmart to launch a limited-edition Sweet Bean eyewear and Bitz charms collection in Singapore, offering playful, customizable eyewear accessories.
Thermax Shares Edge Higher; Subsidiary Wins Major RS 580 Crore Order
Thermax is currently trading at RS 2942.60, up by 9.70 points or 0.33% from its previous closing of RS 2932.90 on the BSE.
The stock opened at RS 2983.95 and touched a high and low of RS 2983.95 and RS 2915.35 respectively. So far, 1836 shares have been traded on the counter.
The BSE Group ‘A’ stock with a face value of RS 2 has recorded a 52-week high of RS 5002.95 (17-Dec-2024) and a 52-week low of RS 2840.70 (24-Nov-2025).
During the past one week, the stock’s high and low stood at RS 2983.95 and RS 2840.70 respectively. The company currently holds a market capitalization of RS 35031.95 crore.
Promoter shareholding stands at 61.98%, while Institutions and Non-Institutions hold 27.39% and 10.62% respectively.
Major Order Win
Thermax’s wholly owned subsidiary, Thermax Babcock & Wilcox Energy Solutions (TBWES), has secured an order worth more than RS 580 crore from Dangote Industries, a leading West African conglomerate, for its refinery and petrochemical complex in Nigeria.
The project includes supply of four units of 400 TPH high-pressure utility boilers along with associated systems. TBWES will handle project management, engineering, procurement, manufacturing, and supervision of construction & commissioning.
Thermax has a long-standing partnership with Dangote Industries. In 2017, the company had won a contract valued at approximately $157 million for supplying boilers and HRSG systems for the Lekki refinery project.
Thermax is a leading engineering company providing sustainable energy and environmental solutions.
Granules India Shares Rise; Forms New Subsidiary in Canada
Granules India is currently trading at RS 551.15, up by 5.15 points or 0.94% from its previous closing price of RS 546.00 on the BSE.
The stock opened at RS 544.65 and has touched an intraday high of RS 555.75 and a low of RS 543.00. So far, a total of 16,444 shares have been traded on the counter.
The BSE Group ‘A’ stock with a face value of RS 1 has recorded a 52-week high of RS 627.45 on 03-Dec-2024 and a 52-week low of RS 412.05 on 07-Apr-2025.
During the last one week, the stock has touched a high of RS 555.75 and a low of RS 530.00. The current market capitalization of the company stands at RS 13,374.69 crore.
Promoters hold 38.82% stake in the company, while institutional and non-institutional investors hold 32.01% and 29.17% respectively.
Granules India’s wholly owned foreign subsidiary — M/s. Granules Pharmaceuticals, Inc., has incorporated a new Wholly Owned Subsidiary, named ‘Granules Pharmaceuticals Canada, Inc.’ in Canada on November 26, 2025. Granules Pharmaceuticals, Inc. will hold 100% equity in the newly formed subsidiary, which has not yet commenced business operations.
Granules India is a manufacturer and supplier of pharmaceutical products, including Active Pharmaceutical Ingredients (API), tablets, caplets, rapid release formulations, Pharmaceutical Formulation Intermediates (PFI), and Finished Dosages (FDs).
Tech Mahindra Shares Rise as Company Launches Advanced Sustainable Lending Platform ‘i.GreenFinance’
Tech Mahindra is currently trading at RS 1497.70, up by 36.85 points or 2.52% from its previous closing of RS 1460.85 on the BSE.
The stock opened at RS 1472.55 and has touched a high of RS 1514.00 and a low of RS 1463.30 so far. A total of 124090 shares have been traded on the counter till now.
The BSE group 'A' stock with a face value of RS 5 has recorded a 52-week high of RS 1807.40 (12-Dec-2024) and a 52-week low of RS 1209.70 (07-Apr-2025).
In the last one week, the scrip has touched a high of RS 1514.00 and a low of RS 1420.00. The company currently holds a market cap of RS 147448.72 crore.
Promoters hold 34.98% stake in the company, while Institutions and Non-Institutions own 55.40% and 9.61% respectively.
Tech Mahindra has announced the launch of i.GreenFinance, an advanced sustainable lending platform aimed at transforming origination, evaluation, and management of green and sustainability-linked loans for global financial institutions. Built on AWS’s secure and scalable Gen-AI cloud infrastructure, the platform enables banks, BFSI enterprises, and investors to deliver transparent, compliant, and data-driven green lending at scale.
Developed in collaboration with AWS, i.GreenFinance leverages high-availability cloud architecture and AWS Gen AI Innovation Center support. This partnership strengthens Tech Mahindra’s leadership in climate technology and sustainable finance, ensuring faster innovation, reduced time-to-market, and enterprise-grade resilience. The platform allows customers to efficiently manage regulatory diversity, scalable ESG data, and secure global deployments.
With this launch, Tech Mahindra reinforces its commitment to sustainable innovation in the global BFSI sector, combining advanced AI, cloud security and ESG intelligence to scale green lending with high transparency, compliance, and measurable climate impact.
Tech Mahindra continues to represent the connected world with innovative and customer-focused IT experiences, empowering Enterprises, Associates and Society to Rise.
True Colors Stock Gains as Company Secures India’s First Konica Minolta Nassenger SP-1 Deal
True Colors is currently trading at RS 260.10, up by 4.00 points or 1.56% from its previous closing of RS 256.10 on the BSE.
The scrip opened at RS 256.40 and has touched a high of RS 267.00 and a low of RS 256.40 so far. A total of 160,200 shares have been traded on the counter.
The BSE group 'M' stock with face value RS 10 has recorded a 52-week high of RS 271.95 on 21-Nov-2025 and a 52-week low of RS 173.90 on 01-Oct-2025.
During the last one week, the stock has touched a high of RS 271.95 and a low of RS 207.20. The current market capitalization stands at RS 646.07 crore.
The promoters’ holding in the company is 94.86%, while Institutions hold 3.13% and Non-Institutions hold 2.01%.
In a major industry milestone, True Colors has sealed a landmark deal to sell India’s first Konica Minolta Nassenger SP-1 single-pass digital textile printing machine to a leading textile manufacturer. The installation is scheduled before March 2026, marking a significant breakthrough in India’s digital textile sector.
The Konica Minolta Nassenger SP-1 is an advanced single-pass printing system capable of achieving production speeds up to 70,000 meters per day, matching traditional screen printing performance while offering unmatched precision, flexibility, and sustainability. The machine is already operational in advanced textile hubs like Turkey, Italy, and China, and its installation in India elevates the country into this global digital manufacturing ecosystem.
This milestone further strengthens True Colors’ leadership in modernizing India’s textile landscape, supported by its integrated ecosystem of digital printers, specialized inks, in-house sublimation paper manufacturing, and fabric printing services.
True Colors continues to emerge as a comprehensive digital textile printing solutions provider with end-to-end offerings across the value chain — including trading of digital machines, inks, and parts; sublimation paper manufacturing; and high-performance digital fabric printing services.
Sunita Tools shares rise as company acquires second factory for major Defence production expansion
Sunita Tools is currently trading at RS 854.70, up by 13.20 points or 1.57% from its previous closing of RS 841.50 on the BSE.
The scrip opened at RS 864.00 and has touched a high of RS 864.00 and a low of RS 831.05 so far. A total of 7125 shares have been traded on the counter.
The BSE group 'M' stock with a face value of RS 10 has recorded a 52-week high of RS 1063.80 on 25-Mar-2025 and a 52-week low of RS 527.10 on 02-Dec-2024.
In the last one week, the stock has hit a high of RS 864.00 and a low of RS 773.30. The company currently holds a market capitalization of RS 526.30 crore.
The promoters holding in the company stands at 67.18%, while Institutions and Non-Institutions hold 0.10% and 32.72% respectively.
Sunita Tools has acquired a second factory building on rent in Faridabad as part of its expansion plan. The facility will house Line 2 for the manufacturing of Artillery Shells, and the company has already taken possession of the premises. Installation of key machinery and equipment will begin shortly. Commercial production on Line 2 is expected to start by October 2026 or earlier, depending on the timely delivery of three critical hydraulic presses from the vendor.
This expansion represents a major milestone in the company’s Defence manufacturing roadmap, expected to boost production capacity and strengthen its position in the sector.
Sunita Tools manufactures mold bases and machining parts for Automotive, Pharmaceutical, Electronics, Consumer Goods, and Manufacturing sectors.
Coforge shares rise; launches new AI-powered engineering & delivery platform ‘Forge-X’
Coforge is currently trading at RS 1806.70, up by 10.45 points or 0.58% from its previous closing of RS 1796.25 on the BSE.
The stock opened at RS 1804.70 and touched a high of RS 1835.00 and low of RS 1800.10 during the session. So far, 48,416 shares have been traded on the counter.
The BSE Group ‘A’ stock with a face value of RS 2 has recorded a 52-week high of RS 2003.59 (30-Dec-2024) and a 52-week low of RS 1190.84 (07-Apr-2025).
In the last one week, the scrip has moved between RS 1883.80 (high) and RS 1774.10 (low). The current market capitalization stands at RS 60,458.89 crore.
The Institutions and Non-Institutions hold 88.96% and 11.04% stake in the company respectively.
Coforge has introduced Forge-X, an integrated engineering and delivery platform built on Agentic AI principles to revolutionize software delivery. The platform uses autonomous AI agents, leveraging Coforge’s deep engineering and industry expertise to deliver complex technology transformation at scale. Designed by Coforge’s Advanced Engineering Services Unit, Forge-X applies an AI-native approach across the Software Development Life Cycle (SDLC) and Product Development Life Cycle (PDLC).
Forge-X aims to enable future-ready digital platforms with faster time-to-market, improved resiliency and optimized engineering costs, ensuring precision, agility and industrialization in product development.
Sical Logistics hits upper circuit at RS 98.62 amid strong surge; subsidiary receives approval for Gati Shakti Cargo Terminal
Sical Logistics is currently trading at its upper circuit limit of RS 98.62, up by 4.69 points or 4.99% from its previous closing of RS 93.93 on the BSE.
The scrip opened at RS 96.85 and has touched a high of RS 98.62 and a low of RS 94.00 so far. A total of 9,771 shares have been traded on the counter to this point.
The BSE group 'T' stock, with a face value of RS 10, has recorded a 52-week high of RS 161.10 (06-Dec-2024) and a 52-week low of RS 78.55 (13-Mar-2025).
During the last one week, the scrip touched a high of RS 98.62 and a low of RS 90.01. The company’s current market capitalisation stands at RS 643.49 crore.
The promoter holding in the company is 89.87%, while Institutions hold 0.02% and Non-Institutions hold 10.11%.
In a key development, Sical Logistics’ material subsidiary Sical Multimodal and Rail Transport has received approval for commissioning of the Gati Shakti Cargo Terminal from Southern Railway, Chennai Division under Indian Railways on November 21, 2025.
Located at Anuppampattu village, near Ponneri, Tamil Nadu, the terminal is set to commence commercial operations soon. This advancement is expected to significantly boost the company’s logistics capacity and contribute strongly to long-term revenue growth.
Sical Logistics remains one of India’s leading integrated logistics solutions providers, offering end-to-end logistics services for over five decades.
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