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Business

AWL Agri shares see steepest drop in 2 months after block trades

Shares of AWL Agri Business Ltd. (formerly Adani Wilmar Ltd) tumbled over 4 per cent on Tuesday after about 32.2 million shares traded in multiple blocks in opening deals. The edible oil major's stock fell as much as 4.15 per cent during the day to ₹265.3 per share, the biggest intraday fall since September 23 this year. The stock pared losses to trade 4 per cent lower at ₹266 apiece, compared to a 0.06 per cent advance in Nifty 50 as of 9:40 AM. Shares of the company fell to their lowest since October 28 this year and currently trade at 9.1 times the average 30-day trading volume, according to Bloomberg. The counter has fallen 13.8 per cent this year, compared to a 9.8 per cent advance in the benchmark Nifty 50. AWL Agri has a total market capitalisation of ₹34,551.96 crore. CATCH STOCK MARKET LIVE UPDATES TODAYLarge trades in AWL Agri shares The company had about 32.2 million shares, or 2.5 per cent equity change hands in two block trades, according to Bloomberg data. The buyers and sellers were not known immediately. The shares were traded at an average price per share of ₹274.15, taking the total traded value to ₹882.7 crore. Last week, Adani Group sold its remaining 7 per cent stake in AWL Agri in a block deal that attracted strong institutional demand. Previously, the Adani Group had sold a 13 per cent stake in AWL to bring its exposure down to 7 per cent. Adani Enterprises has fully exited its 44 per cent stake in AWL’s agri business, completing a major reshaping of the company’s shareholding. With the exit, Singapore-based Wilmar International becomes the sole promoter with an estimated 57 per cent stake, giving AWL a distinctly multinational ownership profile.AWL Agri Q2 reportThe edible oil major reported a 21 per cent decline in consolidated net profit to ₹244.85 crore in the September quarter. Total income rose to ₹17,525.61 crore during the July-September period of this fiscal year from ₹14,552.04 crore in the corresponding period of the preceding year. During the quarter, the company recorded volume growth of 2 per cent year-on-year (Y-o-Y) to 1.68 million tonnes across three businesses -- edible oils, industry essentials. and food -- FMCG. The revenue of edible oils grew 26 per cent to ₹13,828 crore.

Business

Reliance Infrastructure hits 5% lower circuit; what is spooking investors?

Reliance Infrastructure shares touched a 5 per cent lower circuit on BSE, at ₹149.85 per share amid large trades in the pre-opening session. At 9:38 AM, on BSE, Reliance Infrastructure share price was trading 4.5 per cent lower at ₹150.6 per share. In comparison, BSE Sensex was up 0.07 per cent at 84,959.91. The market capitalisation of the company stood at ₹6,252.06 crore. The 52-week high was at ₹425 per share, and the 52-week low was at ₹149.85. Reliance Infrastructure block deal detailsThe selling pressure on the counter came after 5.17 million shares changed hands on the National Stock Exchange (NSE) in a pre-market block trade, according to data compiled by Bloomberg. The buyers and sellers of the transactions were not known. According to the BSE shareholding pattern, promoters held a 19.05 per cent stake in the company as of the September quarter. Among public shareholders, mutual funds held 0.35 per cent stake, an Alternate Investment fund held 0.21 per cent stake, and insurance companies held 0.63 per cent stake. ALSO READ | Siemens Energy Q4 nos shine; analysts upbeat on strong order book, margins That apart in Q2, Reliance Infrastructure reported a 50 per cent dip in consolidated net profit to ₹1,911.19 crore in the September quarter, as compared to ₹4,082.53 crore a year ago. The company saw its total income falling to ₹6,309.48 crore, from ₹7,345.96 crore in the July-September period of FY25. Reliance Infrastructure trimmed expenses to ₹5,991.49 crore, from ₹6,450.38 crore in the year-ago period. During Q2, the company's consolidated assets stood at ₹69,708.76 crore as on September 30, 2025. Over 46,224 new consumers were added to the Delhi Discom in Q2 FY26, bringing the total consumer base to 53.24 lakh. Reliance Infrastructure develops projects through various Special Purpose Vehicles (SPVs) across several high-growth sectors, including Power, Roads, and Metro Rail in the Infrastructure space, and the Defence sector. Reliance Infrastructure is a major player in providing Engineering and Construction (E&C) services for the development of power, infrastructure, metro, and road projects.

Business

Here's why Geojit has upgraded Phoenix Mills to Buy from Hold; check target

Analysts at brokerage firm Geojit remain bullish on retail mall developer and operator The Phoenix Mills, citing a strong project pipeline that offers clear growth visibility. The brokerage highlighted Phoenix Mills’ robust performance in Q2FY26, driven by resilient retail consumption, improving occupancy across office assets, and strong traction in residential sales. Geojit has upgraded its rating on the stock to ‘Buy’ from ‘Hold’, with a revised target price of ₹1,996, based on 5.4x FY27E adjusted book value per share (BVPS). This target is nearly 19 per cent higher than the stock’s last traded price of ₹1,678.30 on the BSE.Q2FY26 highlightsRetail rental income rose 10 per cent Y-o-Y to ₹527 crore, led by higher rentals at Phoenix Palladium, Mumbai (up 14 per cent), Palladium Ahmedabad (up 14 per cent), and Phoenix Mall of Asia, Bengaluru (up 30 per cent). Phoenix Mills aims to deliver 1–2 million sq ft of retail annually beyond 2030, supported by ongoing land acquisitions and mixed-use asset expansion plans. A major milestone during the quarter, analysts said, was the launch of Gourmet Village at Phoenix Palladium, a two-level dining and entertainment hub featuring 19 outlets, designed to enhance experiential retail and footfall engagement. The company expects normalised performance in its Pune and Bengaluru malls by March 2026, with over 90 per cent trading occupancy post re-leasing and fit-out completion. CATCH STOCK MARKET LIVE UPDATES TODAYCapital, debt managementGeojit analysts noted that management has reaffirmed a peak leverage ceiling of 2x Ebitda, to be maintained only temporarily, ensuring disciplined capital allocation and prudent debt management through internal accruals. The company, analysts said, expects the cost of debt to remain near 7.7 per cent, supported by low-risk lease rental discounting (LRD) funding and strong lender relationships post the CPP transaction.Strategic focus, long-term outlook“A strategic focus on experiential retail through concepts such as Gourmet Village, along with expansions into new geographies, is expected to enhance footfalls and brand visibility,” the analysts wrote in a research note. They further highlighed that the office portfolio is witnessing robust leasing momentum, while hospitality assets continue to benefit from steady demand recovery. The brokerage believes that the company’s continued emphasis on premiumisation, asset efficiency, and disciplined capital deployment is likely to support robust long-term growth and value creation. (Disclaimer: Target price and stock outlook has been suggested by Geojit. Views expressed are their own.)