12 Stocks to Watch on Friday: Select PSUs, Jio Financial, HCL Tech in Focus
Jio Financial Services pumped ₹2,000 crore into its non‑bank arm Jio Credit to accelerate lending growth, while HCLTech signed an MoU with IIT Kanpur to turn research into GCC‑ready solutions. Hindalco’s proposed Aluchem acquisition hit a regulatory pause due to the U.S. government shutdown, and Brigade Group entered the senior‑living market with a ₹750 crore partnership. Energy firms secured sizable orders, and key PSUs such as GAIL, BPCL and NTPC announced R&D, global expansion and coal‑gasification initiatives.
Global Funds Return to India as Earnings Outlook Improves
Global funds are pouring back into Indian equities, buying about $2.1 billion of shares in February – the strongest monthly inflow in eight months. The rebound follows a record outflow in 2025 and is driven by a newly signed US‑India trade...
Broker’s Call: CIE Automotive (Add)
CIE Automotive reported Q4 CY25 consolidated revenue of ₹2,390 crore, in line with consensus, while its adjusted EBITDA margin rose to 15.4%, beating the estimate by 60 basis points. India revenue grew 12% YoY to ₹1,540 crore, outpacing the domestic market, whereas...
Broker’s Call: Mphasis (Add)
Mphasis retains a strong near‑ to medium‑term outlook as its legacy modernization pipeline doubles year‑on‑year, despite AI‑driven pricing pressure on renewals. Clients prefer model‑agnostic platforms that integrate with existing systems, limiting the need for full rebuilds. Discount levels on renewals...
Defence Stocks Move in Different Terrain, PSUs Struggle at Peak
Defence stocks in India are showing a split trajectory as public‑sector undertakings (PSUs) like HAL and Bharat Dynamics slide, while private firms such as Data Patterns and Solar Industries post double‑digit gains. The Nifty Defence Index remains positive, up roughly...
NSE IX Launches ‘Global Access’ Platform; Allows Easy Access to Overseas Markets for Indian Retail Investors
The NSE International Exchange (NSE IX) has soft‑launched its Global Access platform, allowing Indian retail investors to trade U.S. equities, debt and ETFs directly. The service uses a fully digital KYC process, supports fractional share purchases, and operates under the RBI’s...
Waaree Energies, Premier Energies Slip After US Announces 126% Duty on Solar Imports, Firms See No Material Impact
The U.S. announced a preliminary 126% counter‑vailing duty on certain solar imports from India, sending Waaree Energies and Premier Energies shares sharply lower—Waaree down 10% and Premier down 6%. Both companies said they have diversified supply chains and ongoing US...
Broker’s Call: ABB India (Reduce)
ABB India posted a 6% year‑on‑year revenue increase to ₹3,560 crore in Q4‑CY25, but adjusted EBITDA margin slipped 230 basis points to 17.2% amid higher commodity costs and adverse mix. Order inflows surged 52% YoY to ₹4,090 crore, pushing the backlog to...
Broker’s Call: SAIL (Buy)
Emkay Global upgraded Steel Authority of India Ltd (SAIL) to a Buy, raising the target price to ₹200 from ₹175 while the stock trades around ₹160.25. The firm projects EBITDA per tonne of ₹7,000‑7,500 over the next two quarters, up...
Striders Impex to Raise ₹36 Cr via IPO
Striders Impex, a leading toys and kids’ consumer merchandise firm, announced a ₹36 crore IPO on the NSE Emerge platform, issuing 5.04 million equity shares at a price band of ₹71‑₹72. The issue opens for subscription on February 26, with proceeds earmarked for a...
Rupee Support Tool Turns Pressure Point; $7 Billion NDF Maturities Come Due
The Reserve Bank of India relies on non‑deliverable forwards (NDFs) to support the rupee without draining reserves, but $7 billion of contracts are set to mature this week, creating rollover pressure. RBI’s total forward book stands at $62.3 billion, a size that...
Investors Returned to Gold ETFs in 2nd Week After Booking Profits in 1st Week
Gold exchange‑traded funds saw a sharp $3.87 billion outflow in the week ending Feb 6, before a modest $2.34 billion inflow the following week, leaving assets under management at $664.2 billion. The swing reflects investors reacting to the Fed‑chair nominee Kevin Warsh’s hawkish stance...
Markets Cheer ₹80,000-Crore Divestment Target
The Indian government has set an ₹80,000‑crore dis‑investment target for the next fiscal, sparking a rally in public‑sector undertaking (PSU) stocks and lifting equity markets. The plan combines strategic stake sales and asset monetisation to generate fiscal inflows while unlocking...
JSW Infra to Issue Shares to Meet Minimum Public Stake Norm
JSW Infrastructure approved an equity raise of up to 25 crore shares, valued at roughly ₹6,325 crore, to satisfy SEBI’s requirement of a 25% public shareholding within three years of its October 2023 listing. The proceeds will back a ₹39,000 crore capital‑expenditure programme that...
Broker’s Call: Timken India (Accumulate)
Timken India reported a 14% YoY rise in Q3‑FY26 revenue to ₹764.3 crore, driven by strong performance across all segments. The Process segment led growth, jumping 24% YoY to ₹167 crore despite temporary cost pressures from the Bharuch plant ramp‑up. The broker...
Broker’s Call: Aadhar Housing (Buy)
Broker Badri Narayanan rates Aadhar Housing a Buy, setting a target price of ₹650 versus the current ₹479.40. The firm projects a 20‑22% medium‑term AUM growth, aiming for a ₹50,000 crore portfolio within three years. A dual‑market model—urban “A” markets for...
Broker’s Call: Ipca Laboratories (Buy)
Ipca Laboratories posted a robust 19% year‑on‑year EBITDA increase to ₹530 crore, surpassing broker estimates, while revenue rose 6.6% to ₹2,400 crore. Domestic formulation sales grew 12% and export formulation climbed 17%, offset by flat API sales overall but a 26% rebound...
Broker’s Call: MM Forgings (Buy)
MM Forgings posted a Q3FY26 EBITDA of ₹71.6 crore, a 2% YoY decline, while revenue rose 11% to ₹405 crore, beating estimates. Domestic sales grew 14% and exports 7%, reflecting stronger overseas demand. The broker retains a BUY rating with a revised...
Rupee Rises 5 Paise to Close at 90.67 Against US Dollar
The Indian rupee edged higher, closing at a provisional 90.67 per U.S. dollar, up five paise on the day. The modest gain was driven by fresh foreign fund inflows and a buoyant domestic equity market, which saw the Sensex climb...
India Relaxes Chinese Equipment Import Curbs for Power, Coal Amid Project Delays
India has begun easing its 2020‑era restrictions on Chinese equipment, allowing state‑run power companies to import limited transmission components and considering similar exemptions for coal‑sector gear. The move responds to mounting shortages and project delays that threaten the country’s ambitious...
SBI Funds Management Plans $1.5 Billion IPO in March
India’s largest asset manager, SBI Funds Management, is preparing to file a draft prospectus for an IPO in March that could raise up to $1.5 billion, targeting a valuation near $15 billion. The offering would represent roughly a 10% stake held jointly...
CleanMax to Float ₹3,100 Crore IPO on Feb 23
CleanMax Enviro Energy Solutions announced a ₹3,100 crore IPO opening on Feb 23, with a price band of ₹1,000‑1,053 per share that values the company at up to ₹12,325 crore. The issue includes a ₹1,200 crore fresh issue and a ₹1,900 crore offer‑for‑sale by promoters,...
GIFT City IFSC Set for 1st IPO as XED Files RHP with ROC
XED, a Mumbai‑based global executive education firm, has filed its Red Herring Prospectus with the Registrar of Companies, clearing the final regulatory hurdle for GIFT City’s inaugural IPO. The offering, slated to open for subscription in the first week of...
DCM Shriram Industries’ Demerger Entities Debut on Bourses
DCM Shriram Industries completed its demerger, launching DCM Shriram Fine Chemicals Ltd and DCM Shriram International Ltd on Indian exchanges. Fine Chemicals opened around 17% below its issue price, while International fell about 18% on the NSE but edged up...
Naturals Eyes 2028 IPO if Reliance Stake Talks Fail
Naturals, one of India’s largest organised salon chains with about 900 outlets, is negotiating a stake sale with Reliance but talks have stalled over control, with Reliance seeking a 51% stake while Naturals wants to retain 49%. The company reported...
Brokers to Approach RBI as Tighter Norms Squeeze Funding for Proprietary Desks
The Reserve Bank of India’s new capital‑market exposure framework, effective April 1 2026, mandates 100 percent collateral backing for all bank loans to brokerage firms and bars banks from financing proprietary trading desks. Brokers plan to petition the RBI for clarifications as the...
Indian REITs Distribute ₹2,450 Crore to over 3.8 Lakh Unitholders in Q3
India’s five listed REITs paid out over ₹2,450 crore to more than 380,000 unitholders in Q3, covering 185 million square feet of Grade A office and retail space. Since inception, the trusts have distributed over ₹29,100 crore and now hold assets exceeding ₹2.5 lakh crore. The...
Sundaram AMC Launches Mid-Cap Fund in GIFT City
Sundaram Asset Management Company has launched the Sundaram India Mid Cap GIFT, a USD‑denominated offshore feeder fund that gives global investors direct exposure to India’s mid‑cap equities. The fund is domiciled in GIFT City’s International Financial Services Centre and invests...
Broker’s Call: Ola Electric (Sell)
Emkay Global downgraded Ola Electric Mobility to Sell, slashing its target price by 60% to ₹20 from ₹50. The company posted a weak Q3, with revenue down 55% YoY and a 61% drop in unit volume to 32,000 units, pushing...
Broker’s Call: Azad Engineering (Buy)
Azad Engineering reported a robust quarter, expanding margins and scaling top‑tier OEM relationships in high‑precision aerospace and turbine supply chains. The company’s order book now stands at roughly ₹6,500 crore, equivalent to 14.2 times FY25 revenue, providing strong visibility through FY28. With...
Goldi Solar Plans $350 Million IPO
Goldi Solar Pvt, a Gujarat‑based solar module manufacturer, is preparing an initial public offering that could raise up to $350 million. The company has shortlisted advisers and may file a draft prospectus by April, with the issue expected to consist mainly...
Mahindra & Mahindra Q3 PAT Rises 33% to ₹3,931 Crore
Mahindra & Mahindra reported a 33% jump in standalone profit after tax to ₹3,931 crore for Q3 FY26, while revenue rose 26% to ₹38,942 crore. Vehicle sales increased 23% to 302,238 units, and the farm‑equipment segment posted a 20.2% margin on ₹10,200 crore...
Sensex, Nifty Trade Flat as Investors Await CPI Data; Auto, Healthcare Stocks Outperform
Indian equities traded in a narrow range on Wednesday as investors awaited the January CPI release, leaving the Sensex down 156 points (0.19%) and the Nifty 50 slipping 26 points (0.10%). Auto and healthcare stocks outperformed, with Eicher Motors gaining...
Q3 Results Today Live: M&M, Divi’s Lab, Ashok Leyland, Lenskart, LG Electronics, Godrej, Patanjali Foods, AstraZeneca to Announce Q3 Results,...
India’s Q3 earnings season saw several blue‑chip stocks post strong results, lifting market sentiment. Eicher Motors led gains with a 7% share surge after reporting 22.9% revenue growth and higher EBITDA margins. Apollo Hospitals and Titan also delivered double‑digit profit...
Eicher Motors Stock Hits Record High on Q3 Beat, Brokerages Lift Target Prices
Eicher Motors posted a Q3 earnings beat, sending its shares to a fresh all‑time high. The stock jumped 7% intraday, moving from ₹7,296 to ₹7,805 and was trading around ₹7,770 at mid‑morning. Brokerage houses responded by raising their target prices,...
India Has Already Started Winding Down Purchases of Russian Energy Products: US Trade Representative
U.S. Trade Representative Katherine Greer said India has begun winding down its purchases of Russian energy products. While cutting back on crude imports, Indian refineries continue to process Russian oil and ship the refined fuel to European markets. The shift...
Stocks to Watch, Feb 11: BHEL, Tata Motors, Ather, L&T Finance, AB Capital, IRCTC, Alok Ind & Others
The Indian government launched an Offer for Sale to divest up to 5% of BHEL at a floor price of Rs 254 per share, opening to institutional investors. NIIF plans to sell a 1.92% stake in Ather Energy via a block...
Goldman Sachs Ramps up India Push as Investment Banking Bets Pay Off
Goldman Sachs has accelerated its India strategy, injecting roughly $500 million into its local franchise over the past three years. The push has lifted the firm to fourth place in equity offerings and fifth in M&A league tables, overtaking long‑time rivals...
Stock Market Live: Stock to Buy Today: Lumax Auto Technologies
Lumax Auto Technologies saw its share price surge over 11% this week, breaking the intermediate resistance at ₹1,560 and establishing a new support level. The stock is currently trading around ₹1,640, with analysts projecting a target of ₹1,880‑₹1,900 in the...
Govt to Sell up to 5% in BHEL at ₹254/Share; OFS Opens Wednesday
The Indian government announced an offer‑for‑sale (OFS) of up to 5% of Bharat Heavy Electricals Ltd (BHEL), comprising 17.41 crore shares at a floor price of ₹254 per share. The base issue is 3% with a 2% greenshoe option, opening to...
SEBI Tightens Norms for CRAs to Rate Instruments Under Other Regulators
The Securities and Exchange Board of India (SEBI) issued a circular tightening obligations for credit rating agencies (CRAs) when they rate instruments overseen by other regulators. The new framework mandates separate email IDs, distinct web disclosures, and unchanged minimum net‑worth...
Vedanta Aluminium Boosts Billet Production to 830,000 Tonnes per Annum
Vedanta Aluminium has raised its Jharsuguda billet output to 830,000 tonnes per year, adding 250,000 tonnes of new capacity and a 120,000‑tonne Primary Foundry Alloy line. The upgrade uses advanced casting and homogenising technology from Wagstaff and Hertwich, cementing the...
Diversification Key as Broking Revenues Feel Policy Pinch, Says Crisil
Crisil’s latest report finds that broking firms with diversified revenue streams have weathered recent regulatory curbs and the budget‑proposed securities transaction tax (STT) hike better than pure‑play transaction brokers. An analysis of 25 firms across FY25 and H1 FY26 shows...
Broker’s Call: BSE (Accumulate)
Bombay Stock Exchange posted a stellar Q3 FY26, with profit after tax soaring 173% YoY to ₹600 crore, propelled by a 119% jump in options average daily turnover. Infrastructure expansion continues, with 500 colocation racks already live and an additional 80...
Aarvee Engineering Consultants Gets SEBI Nod for IPO
Aarvee Engineering Consultants received SEBI approval to launch an IPO comprising a fresh equity issue of up to ₹202.5 crore and an offer‑for‑sale of 6.75 million promoter shares. The company plans to use the proceeds to repay roughly ₹76 crore of existing debt...
Entellus Industries Bags ₹50 Crore in Funding to Scale Rare Earth Metals and Alloy Manufacturing
Entellus Industries announced a ₹50 crore ($5.5 million) funding round led by ZeroW, adding to a prior $12 million raise from Social Capital. The capital will fund capital‑expenditure to launch sintered‑alloy production, targeting high‑stress automotive components such as engines and transmissions. The company...
Fractal Analytics, Aye Finance IPOs See Tepid Day 2 Response
Fractal Analytics and Aye Finance saw muted demand on day two of their IPOs, with overall subscription rates of just 0.20 times and 0.16 times respectively. Fractal trimmed its offering from the originally planned ₹4,900 crore to about ₹2,834 crore, pricing shares between ₹857...
Broker’s Call: Jyothy Labs (Hold)
Axis Securities maintains a Hold rating on Jyothy Labs, setting a target price of ₹270 against a current market price of ₹249.85. The company posted a 5% revenue increase to ₹740 crore in Q3FY26, supported by 7.2% volume growth and strong...
Rupee Closes 9 Paise Higher at 90.57 Against US Dollar
The Indian rupee closed at a provisional 90.57 per US dollar, gaining 9 paise after shedding early losses. The modest appreciation was driven by a rally in domestic equities and a weakening dollar index that slipped below the 97‑level. Analysts expect...
Embassy Developments Shares Fall 4% Despite 240% Jump in Quarterly Pre-Sales
Embassy Developments Limited reported a 240% quarter‑on‑quarter rise in pre‑sales to ₹1,392 crore for Q3 FY26, with new bookings climbing 193% to 1.19 million sq ft. Despite the sales surge, the stock slipped 3.97% to ₹64.75, trading under an Additional Surveillance Measure after the...