Overview
- Indian Railway Finance Corporation signed a ₹9,821 crore rupee-term loan with DFCCIL to refinance its World Bank foreign-currency debt for the Eastern Dedicated Freight Corridor, with full disbursement completed and the stock rising about 6% intraday.
- Rail Vikas Nigam shares jumped more than 12% after the company said Salim Ahmad took charge as chairman and managing director on December 23 following Sukhamal Chand Jain’s exit, while separate tax demand notices were disclosed as non-material.
- Apollo Micro Systems reported a ₹100.247 crore order from a private firm for unmanned aerial systems destined for the Defence Ministry, to be executed within four months, and recently received two DRDO technology transfers for laser-based DEW and electro‑optical tracking systems.
- Defence shipbuilders Mazagon Dock, Cochin Shipyard and GRSE are trading roughly 31%–35% below 52‑week highs as PhilipCapital issued buy ratings and set price targets, according to brokerage coverage cited by Aaj Tak.
- GRM Overseas approved and allotted bonus shares in a 2:1 ratio totaling 12,27,04,000 shares, lifting paid-up capital to ₹36.81 crore, while Zee Media said promoter-group entity AUV Innovations LLP bought 2.42% on December 24, increasing its stake to 9.41%.