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Securities in F&O Ban:
Sammaan Capital and Steel Authority of India shares are banned from F&O trading on 16 February 2026.
New listing:
In the mainboard IPO space, Fractal Analytics and Aye Finance is set to make its market debut today.
Stocks to Watch:
GK Energy reported a 57.74% rise in standalone net profit to Rs 58.83 crore on a 43.6% increase in revenue from operations to Rs 460.20 crore in Q3 FY26 as compared with Q3 FY25.
Vikran Engineering reported a 37.9% decline in standalone net profit to Rs 20.91 crore on a 0.5% rise in net sales to Rs 266.46 crore in Q3 FY26 as compared with Q3 FY25.
Shakti Pumps India’s consolidated net profit declined 69.53% to Rs 31.70 crore in Q3 FY26 as against Rs 104.05 crore posted in Q3 FY25. Revenue from operations decreased 15.07% to Rs 550.99 crore in Q3 FY26 as against Rs 648.77 crore reported in Q3 FY25.
Deep Industries said that it has secured a domestic contract from Oil India for the hiring of a 1000 HP mobile drilling rig package in Assam and Arunachal Pradesh.
RailTel Corporation of India has secured a work order worth Rs 92.91 crore from the Directorate of Education, Government of National Capital Territory of Delhi (GNCTD).
Titagarh Rail Systems’ consolidated net profit tanked 23.48% to Rs 48.03 crore in Q3 FY26 as against Rs 62.77 crore posted in Q3 FY25. Revenue from operations decreased 7.8% year-on-year (YoY) to Rs 832.06 crore in the quarter ended 31 December 2025.
Crisil's consolidated total income for Q4 2025, rose 17.5% to Rs 1,108.7 crore, compared with Rs 943.2 crore in Q4 2024. On a consolidated basis, the company's income from operations for Q4 2025 was up 18.5% to Rs 1,081.6 crore, compared with Rs 912.9 crore in Q4 2024. Profit after tax was up 7.5% to Rs 241.5 crore, compared with Rs 224.7 crore in Q4 2024.
Total expenses increased 39.61% YoY to Rs 380 crore during the quarter. Employee benefits expense rose 42.35% YoY to Rs 7.16 crore during the period under review.
GK Energy is engaged in providing engineering, procurement, and construction (EPC) services for solar-powered agricultural water pump systems under Component B of the PM-KUSUM scheme.
Shares of GK Energy slipped 4.48% to end at Rs 111 on the BSE on Friday.
This LoE is issued with a highlight condition by MSEDCL to it's vendors as below:
“This LoE quantity is subject to tender quantity. When the tender progress reaches to 1,00,000 then balance LoE quantity stands cancelled.”
Oil & gas, pharma and It stocks declined while media and metal shares advanced.
As per provisional closing data, the barometer index, the S&P BSE Sensex declined 116.14 points or 0.14% to 85,408.70. The Nifty 50 index fell 35.05 points or 0.13% to 26,142.10.
In the broader market, the S&P BSE Mid-Cap index slipped 0.37% and the S&P BSE Small-Cap index dropped 0.14%.
The market breadth was negative. On the BSE, 1,843 shares rose and 2,342 shares fell. A total of 152 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 1.99% to 9.19.
The stock market will be closed tomorrow, 25 December 2025, on account of Christmas.
IPO Update:
Gujarat Kidney and Super Speciality received bids for 6,48,11,264 shares as against 1,32,26,880 shares on offer, according to stock exchange data at 15:30 IST on Wednesday (24 December 2025). The issue was subscribed 4.90 times. The issue opened for bidding on 22 December 2025 and it will close on 24 December 2025. The price band of the IPO is fixed between Rs 108 and 114 per share.
Economy:
On 23 December 2025, Reserve Bank of India (RBI) stated that on a review of current liquidity, it has decided to conduct the operations to inject liquidity into the banking system. It includes open market operations (OMO) purchase auctions of Government of India securities for an aggregate amount of Rs 2,00,000 crore in four tranches of Rs 50,000 crore each to be held on December 29, 2025, January 05, 2026, January 12, 2026, and January 22, 2026 and USD/INR Buy/Sell Swap auction of USD 10 billion for a tenor of 3 years to be held on January 13, 2026.
Buzzing Index:
The Nifty Oil& Gas index declined 0.78% to 11,959.40. The index jumped 1.73% in the past three consecutive trading sessions.
Mahanagar Gas (down 1.33%), Indian Oil Corporation (down 1.32%), Aegis Logistics (down 1.29%), Bharat Petroleum Corporation (down 1.2%), Indraprastha Gas (down 1.19%), Gujarat Gas (down 1.13%), Hindustan Petroleum Corporation (down 0.96%), GAIL (India) (down 0.73%), Oil & Natural Gas Corpn (down 0.73%) and Reliance Industries (down 0.69%).
Stocks in Spotlight:
Larsen & Toubro (L&T) shed 0.26%. The company announced that its transportation infrastructure business vertical has secured a significant order for Mumbai metro railway project. As per L&T’s internal classification, the contract falls under the ‘significant’ category, with an estimated value in the range of Rs 1,000 crore to Rs 2,500 crore.
GK Energy jumped 3.39% after the company received an amended Letter of Empanelment from Maharashtra State Electricity Distribution Company. The LoE is for 10,000 off-grid DC solar water pumping systems. The pumps include 3 HP, 5 HP and 7.5 HP variants. They will be supplied across Maharashtra under the Magel Tyala Saur Krushi Pump Yojana and the PM-KUSUM B scheme.The order is valued at Rs 254.30 crore. The installation is to be completed within 60 days from the work order or notice to proceed.
Captain Polyplast rallied 3.62% after the company announced that it has received an additional empanelment for 1,000 solar pumps under the PM KUSUM B scheme from MSEDCL, with an aggregate order value of Rs 27.69 crore.
Monarch Surveyors and Engineering Consultants added shed 0.42%. The company secured a contract worth Rs 7.83 crore from the Nashik Municipal Corporation. The contract involves carrying out survey and allied works for lands requisitioned for the Sinhastha Kumbh Mela 2027-28 in Nashik and Trimbak.
Crompton Greaves Consumer Electricals fell 0.83%. The company announced that it has received an order worth Rs 46.20 crore from Maharashtra State Electricity Distribution Company (MSEDCL). The order covers 2,000 solar water pumping systems, with a total work order value of Rs 46,20,48,229.
Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) dropped 0.30%. The company said that it has awarded a contract worth Rs 0360 crore to Toyo Engineering India for the supply of an Ammonium Nitrate-II plant on a LEPC (lump-sum engineering, procurement & construction) basis.
Global Markets:
European markets saw muted trading on Wednesday during a shortened Christmas Eve session.
Asian market ended mixed, breaking ranks with Wall Street that saw key benchmarks advance overnight after better-than-expected economic growth data.
Media reports from Japan said that the country was set to issue about 29.6 trillion yen (about $190 billion) in new government bonds to fund its fiscal 2026 budget.
The South Korean won strengthened against the greenback after media reports stated that South Korea’s national pension fund was carrying out strategic foreign exchange hedging activities.
Spot gold prices hit another record Wednesday, crossing $4,500 per ounce for the first time, driven by a weaker dollar, geopolitical tensions and U.S. Federal Reserve rate-cut expectations. Gold has notched a series of all-time highs this year, soaring over 70% year to date.
Overnight in the U.S., stocks rose for a fourth straight session as artificial intelligence names continued to outperform during a holiday-shortened week.
US GDP grew 4.3% in third quarter compared with 3.8% growth recorded in Second quarter. This is also the highest quarterly GDP growth in the US economy in the past 2 years.
The S&P 500 added 0.46%, closing at a record level of 6,909.79. The broad market index is now just below its intraday all-time high of 6,920.34.
The Nasdaq Composite climbed 0.57% to end at 23,561.84. Gains in tech giants such as Nvidia and Broadcom lifted the index. The Dow Jones Industrial Average rose 79.73 points, or 0.16%, and settled at 48,442.41.
The order is valued at Rs 254.30 crore. The installation is to be completed within 60 days from the work order or notice to proceed.
The company said the LoE is subject to a key condition. If the overall tender reaches 1,00,000 pumps, the balance quantity under the LoE will be cancelled.
GK Energy is the largest EPC contractor for installation of solar-powered agricultural water pump systems as well as system integrator of renewable energy products, energy efficiency product & projects.
It reported 36.01% jump in standalone net profit to Rs 46.46 crore on a 32.71% rise in revenue from operations to Rs 358.50 crore in Q2 FY26 over Q2 FY25.
GK Energy announced that it successfully installed 7,620 off-grid solar pumps in Maharashtra, accounting for approximately 17% of the total 45,911 solar pumps installed under the Guinness World Record achieved by the Maharashtra State Electricity Distribution Company (MSEDCL).
These installations were completed within an intensive 30-day execution window from 27 October 2025, to 25 November 2025, underscoring GK Energy's scale, execution capability, and operational excellence.
In addition to execution, GK Energy acted as the Strategic Advisor to MSEDCL, playing a critical role in enabling and coordinating the end-to-end execution of this record-breaking initiative for MSEDCL. The role of GK Energy in the project encompassed concept development, strategy development, planning, co-ordination, documentation, framework design and stakeholder management to ensure successful accomplishment.
The installations were carried out under the Magel Tyala Saur Krushi Pump Yojana, a flagship Government of Maharashtra programme aimed at promoting off-grid solar-powered irrigation systems.
EBITDA improved by 37.63% to Rs 73.74 crore in Q2 FY26 from Rs 53.58 crore in Q2 FY25. EBITDA margin was 20.57% in Q2 FY26 as against 19.83% in Q2 FY25.
The company’s current order book of solar powered pump systems stood at Rs 863.98 crore as on 30 September 2025 and these pumps have to be installed by 15 February 2026.
GK Energy, promoted by Gopal Rajaram Kabra and Mehul Ajit Shah, is India’s largest pure-play EPC provider of solar-powered agricultural water pump systems under the PM-KUSUM scheme. The company also undertakes EPC projects for water storage and distribution facilities, rooftop solar, and other solar solutions for government agencies.