DATE30 Oct
NIFTY 23,053 ▲ 0.51%BANK NIFTY 54,687 ▼ 0.41%NIFTY IT 32,607 ▲ 2.32%NIFTY PHARMA 27,125 ▲ 1.55%INTELLECT 505 ▼ 16.31%VEDPOWER 33 ▲ 14.72%VOGL 30 ▲ 8.51%REDINGTON 327 ▼ 8.46%SUZLON 34 ▼ 7.86%COHANCE 444 ▼ 7.70%PARADEEP 129 ▼ 7.65%LAURUSLABS 2,406 ▲ 7.20%BALRAMCHIN 590 ▼ 7.19%AEGISLOG 1,097 ▼ 6.96%NIFTY 23,053 ▲ 0.51%BANK NIFTY 54,687 ▼ 0.41%NIFTY IT 32,607 ▲ 2.32%NIFTY PHARMA 27,125 ▲ 1.55%INTELLECT 505 ▼ 16.31%VEDPOWER 33 ▲ 14.72%VOGL 30 ▲ 8.51%REDINGTON 327 ▼ 8.46%SUZLON 34 ▼ 7.86%COHANCE 444 ▼ 7.70%PARADEEP 129 ▼ 7.65%LAURUSLABS 2,406 ▲ 7.20%BALRAMCHIN 590 ▼ 7.19%AEGISLOG 1,097 ▼ 6.96%
Morning brief · Saturday, 31 October 2026

Venus Remedies decline worries shareholders after massive yearly rise

Market pulse
The Nifty climbed as IT and pharma stocks rallied, offsetting a flat performance in Bank Nifty. Vedanta Power surged 14.72 percent, while Intellect Design Arena plunged 16.31 percent.
From the investor's mind
One post worth your time, explained
Aditya Kondawar
@aditya_kondawar · on X
India's major electric two-wheeler manufacturers are embarking on a massive production expansion that could reshape the green mobility landscape. Industry observer Aditya Kondawar points out that Ather, TVS, Bajaj, and Hero are all aiming to scale up their respective electric two-wheeler capacities to 80,000–90,000 units per month by next year. This coordinated expansion translates to an aggregate annual production capacity of nearly 40 lakh to 45 lakh units from just these four prominent players. While achieving these numbers will require a period of ramping up and operational stabilization, the aggressive targets underscore a major manufacturing push in the domestic electric vehicle space.
Word in the street
What the wider market is buzzing about
Venus Remedies Limited
₹1,239Past year ▲ 184%M.cap ₹1,646 Cr
Investors are closely discussing Venus Remedies Limited, a company with a market cap of about 1,646 crore whose stock has risen 183.67 percent over the past year. Despite this massive run up, a continuous price decline since early October has shareholders questioning if this is mere profit booking or something deeper. Some point to operational drags, noting that the consolidated net profit of 25.65 crore fell short of the standalone net profit of 28.96 crore due to a 5.84 crore net loss in its German subsidiary. Increased depreciation and amortization expenses also raised operational costs, leaving investors guessing where this slide will finally stop.
Know more about the stock
Yesterday's big moves
SEDEMAC Mechatronics Limited
SEDEMAC Mechatronics LimitedNewly DisclosedQuarterly
₹3,203Past year ▲ 121%M.cap ₹13,777 Cr
Government of Singapore
Government of Singapore added over 1.32% of SEDEMAC Mechatronics Limited during the quarter and now holds 2.32%, or 10,23,299 shares.
VA
Value 360 Commu.Newly DisclosedQuarterly
M.cap ₹120 Cr
Craft Emerging Markets
Craft Emerging Markets added over 6.29% of Value 360 Communications in the quarter and now holds 7.29%, or 11,72,400 shares.
Swiggy Limited
Swiggy LimitedNew PositionBlock Deal
₹177Past year ▼ 58%M.cap ₹48,858 Cr
Societe Generale
Societe Generale bought 2.37 Cr shares of Swiggy Limited for ₹428.86 Cr at ₹180.65 apiece in a block deal.
PB Fintech Limited
PB Fintech LimitedIncreasedSAST
₹1,018Past year ▼ 45%M.cap ₹46,275 Cr
HDFC Mutual Fund
HDFC Mutual Fund raised its stake in PB Fintech from 5.01% to 7.03%, purchasing 93,29,338 shares through the open market.
CCME Global Limited
CCME Global LimitedIncreasedSAST
M.cap ₹152 Cr
MR. PADMANABAN KRISHNAMOORTHY
Promoter Padmanaban Krishnamoorthy acquired 9 crore shares of CCME Global Limited through a preferential allotment, taking his holding from 2.80 crore to 11.80 crore shares. His overall voting stake changed from 62.03% to 60.21% due to the expanded equity base.
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