After opening the day higher, the Indian benchmark remained positive as the session progressed and ended the day higher.

The benchmark equity indices ended the week's last trading session in positive territory.

At the closing bell, the BSE Sensex closed 226 points higher (up 0.3%).

Meanwhile, the NSE Nifty closed higher by 63 points (up 0.1%).

Eicher Motors, Bajaj Finance, and M&M are among the top gainers today.

SBI, ONGC, and Hindalco on the other hand, were among the top losers today.

The GIFT Nifty was trading at 23,978, up by 114 points at the time of writing.

The BSE MidCap index ended marginally lower and the BSE SmallCap index ended 0.3% higher.

Sectoral indices were trading mixed today with stocks in the auto sector, IT sector and healthcare sector witnessing buying. Meanwhile, stocks in the energy sector and the metal sector witnessing selling pressure.

Oberoi Realty, Jubilant Foodworks hit their respective 52-week highs today.

The rupee is trading at 85.53 against the US$.

Gold prices for the latest contract on MCX are trading marginally lower at Rs 76,773 per 10 grams.

Meanwhile, silver prices were trading flat at Rs 89,610 per 1 kg.
 

Cochin Shipyard Hits Upper Circuit

In news from the shipbuilding sector, shares of Cochin Shipyard had hit 5% upper circuit on 27 December as Adani Ports and Special Economic Zone (APSEZ) announced the procurement of eight state-of-the-art harbor tugs, all to be constructed by Cochin Shipyard.

With a total contract value estimated at Rs 450 crore, these tugs are expected to begin delivery in December 2026 and continue until May 2028, significantly improving the efficiency and safety of vessel operations in Indian ports.

Cochin Shipyard is India's first greenfield shipbuilding yard and the only shipyard with a shipbuilding capacity of 110,000 deadweight tons (DWT) and a repairing capacity of 125,000 DWT. The company has developed India's first indigenous aircraft carrier, INS Vikrant.

Cochin Shipyard's share price has seen remarkable growth over the past year.

Cochin Shipyard stands among the Top 4 Fastest Growing Defence Stocks to Add to Your Watchlist.
 

Gensol Engineering Shares surge 6%

Moving on to news from the engineering sector, shares of Gensol Engineering witnessed a sharp rise today, currently trading at Rs 756, up 6.5%, on the back of a significant contract win. As per an exchange filing, the company has secured an EPC contract from NTPC Renewable Energy worth approximately Rs 8.9 bn.

This contract entails the development of 225 MW Grid Connected Solar PV Projects at GSECL Solar Park (Stage-III) in Khavda, Gujarat.

The total bid value of the project includes three years of O&M. As per media reports, the contract between NTPC REL and Gensol Engineering was finalized last week.

The company specializes in solar power engineering, procurement, and construction (EPC) services.

As of recent, the company has also secured another 22 MW Ground Mount Solar PV Project from a leading steel products company in Punjab.
 

Why Greaves Cotton Share Price is Rising

Moving on, shares of Greaves Cotton hit a new high of Rs 271.9, surging 16% on NSE in Friday's intra-day trade amid heavy volumes, ahead of the initial public offering (IPO) of its material subsidiary, Greaves Electric Mobility.

As many as 50.11 million (m) equity shares, representing 21.6% of the total equity of Greaves Cotton, had changed hands on the NSE.

The counter recorded a turnover of Rs 1,3 bn, which accounts for 21% of the company's current market capitalization of Rs 62.1 bn, data from the National Stock Exchange showed.

The IPO comprises a fresh issue of such a number of equity shares aggregating up to Rs 10 bn and an offer for sale of up to 51 m equity shares by Greaves Cotton and up to 138.4 m equity shares by Abdul Latif Jameel Green Mobility Solutions DMCC.

The offer remains subject to receipt of necessary regulatory approvals, market conditions, and other considerations.
 

Mamata Machiner Lists 147% Premium

Moving on, shares of Mamata Machinery were listed at a stellar premium of 146.91% on the exchanges on Friday.

The stock debuted at Rs 600 on both the BSE and NSE, against an issue price of Rs 243.

Despite a downtrend in the stock market last week, Mamata Machinery's IPO received a massive response from all sets of investors with an overall subscription of 194 times. Analysts believe the demand was on the back of reasonable valuations keeping good listing gains on table for new investors.

Post the listing, Prashanth Tapse of Mehta Equities advised conservative allotted investors to consider booking profits, while long-term investors should consider holding it despite knowing short-term volatility and risk in the markets.

Mamata Machinery manufactures and exports plastic bags and pouch making machines, packaging machines and extrusion equipment.

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