Nifty Expiry: Vedanta, Royal Sense Soar; Axis Bank, Unifinz Plunge 20%

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Moneycontrol•16-12-2025, 16:25
Nifty Expiry: Vedanta, Royal Sense Soar; Axis Bank, Unifinz Plunge 20%
- •Zaggle Prepaid Ocean Services surged 5.18% after its board approved a wholly-owned subsidiary in GIFT City.
- •Vedanta jumped 4.18% as NCLT approved its demerger proposal.
- •Royal Sense soared 6.47% on a large tender for surgical sutures, potentially boosting sales by ₹100 crore.
- •Axis Bank fell 5.22% due to an extended Net Interest Margin (NIM) recovery timeline to FY26/FY27.
- •Unifinz Capital India plummeted 20% after BSE imposed a penalty for non-compliance with board structure, including not appointing a woman director.
Why It Matters: Key stocks like Vedanta and Royal Sense gained on positive news, while Axis Bank and Unifinz Capital India saw significant drops.
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