Stocks

Indian Stock Market Closes Mixed as Sensex Slips, Nifty Ends Higher; Midcaps Outperform Indian equity benchmark indices closed largely in the green on Thursday after a volatile trading session, with broader markets outperforming the frontline indices. While the BSE Sensex ended marginally lower, the NSE Nifty managed to hold on to gains by the closing bell.Sensex Dips, Nifty Holds Above Key Level The BSE Sensex slipped 27 points to settle at 82,249. In contrast, the NSE Nifty edged up 14 points to close at 25,497, ending the session near the 24,500 mark during intraday trade.Broader markets delivered a stronger performance. The Midcap Index surged 392 points to finish at 59,798, reflecting continued investor interest beyond...

Shares of PhysicsWallah Ltd. declined 3% on Thursday, February 26, extending losses to three of the last four sessions as selling pressure persisted in the edtech counter.As of 1:20 pm IST, more than 70 lakh shares had changed hands. The decline has pulled the company’s market capitalisation down to ₹25,451 crore, sharply lower than its listing valuation of nearly ₹45,975 crore on November 18, 2025.Stock Trades Below Short Term Averages With the latest fall, the stock is now trading below all major short term moving averages, including the 5 day, 10 day, 20 day and 30 day averages, indicating continued technical weakness.On technical charts, the Relative Strength Index stands at 27.4. An RSI reading below 30 is typically...

Shares of Aurobindo Pharma Ltd. gained as much as 2% on Thursday, February 26, after the company announced that its wholly owned subsidiary, Eugia Pharma Specialities, received final approval from the US Food and Drug Administration for Everolimus Tablets.The approval allows Eugia Unit I to manufacture and market Everolimus Tablets in strengths of 0.25 mg, 0.5 mg, 0.75 mg, and 1 mg. The product is the generic version of Zortress and is expected to be launched in the first quarter of FY27.Approval Details and Market Opportunity The approved formulation is bioequivalent and therapeutically equivalent to the reference listed drug, Zortress Tablets, marketed by Novartis Pharmaceuticals Corp.According to IQVIA MAT data, the approved...

Dipan Mehta Recommends Pharma and Specialty Chemicals; Advises Selective IT Exposure Amid AI Debate Dipan Mehta, Director at Elixir Equities, has advised investors to focus on sectors with clearer earnings visibility such as pharmaceuticals and specialty chemicals, while maintaining a selective stance toward information technology and new-age technology companies as market dynamics evolve.Pharma and Specialty Chemicals Offer Clearer Visibility Mehta identified pharmaceuticals as an attractive sector over a two to three year investment horizon. He cited stable domestic demand, export expansion, and currency benefits as key supportive factors. He added that tariff risks for pharma companies appear limited and that opportunities in new...

After nearly two years of sustained correction in pharmaceutical stocks, valuations across the sector have eased to more reasonable levels, prompting Elara Securities to adopt a constructive stance on select names within the space.Elara’s Preferred Pharma Picks Elara Securities has identified Zydus Life Sciences, Sun Pharma, Aurobindo Pharma, Gland Pharma, and Ajanta Pharma as its preferred picks. The brokerage sees favorable risk-reward potential in these companies, supported by strong export exposure and improving earnings visibility.According to Bino Pathiparampil, Head of Research at Elara Securities, Indian pharmaceutical companies are largely net exporters, especially larger players that derive a significant portion of revenue...

Stocks of key Murugappa Group companies are moving in different directions on Thursday, February 26, following a report suggesting a potential ownership restructuring among the group’s promoters.Shares of Cholamandalam Investment and Finance Ltd. declined sharply in early trade, falling as much as 6%, while Tube Investments of India Ltd. and CG Power Ltd. traded in positive territory with gains ranging between 2% and 2.5%.Report Points to Promoter-Level Ownership Alignment According to a media report, Vellayan Subbiah has reached an agreement with other key promoters to align the ownership structure across the group’s major listed companies.The reported arrangement would allow Subbiah to relinquish his stake in Cholamandalam...

Shares of Eternal Ltd., the parent company of Zomato and Blinkit, continued their decline for the eighth consecutive session on Thursday, February 26, reversing early gains after a large block trade in the stock.₹2,403 Crore Block Trade Weighs on Sentiment A total of 9.7 crore shares of Eternal, representing 1 percent of its outstanding equity, changed hands in a block transaction. The shares were traded at an average price of ₹247.75 apiece, taking the total deal value to approximately ₹2,403 crore.The identities of the buyers and sellers involved in the transaction have not yet been officially disclosed.The stock’s prolonged decline marks its longest losing streak since April 27 to May 10, 2022, when it had fallen for nine...

Mumbai, February 26, 2026 – Balu Forge Industries Limited (BSE: 531112 | NSE: BALUFORGE) has entered into a five-year Memorandum of Understanding for the supply of large calibre ammunition shells from its greenfield manufacturing campus in Belgaum, Karnataka. The announcement coincided with a sharp rally in the company’s shares during Thursday’s trading session. Share Price Performance Shares of Balu Forge Industries were trading at ₹479.00, up ₹34.05 or 7.65%, as of 9:54 a.m. IST on February 26, 2026.ParticularsValue (₹)Previous Close444.95Open452.00Day’s High488.40Day’s Low452.00VWAP476.26The stock witnessed strong intraday momentum, touching a high of ₹488.40 before moderating slightly. Order Details and Product...

Shares of Tejas Networks Ltd surged as much as 6% on Thursday, February 26, after the company announced that it has entered into an agreement with NEC Corporation to manufacture and supply 5G massive MIMO radios.The development triggered renewed investor interest in the stock, which has faced sustained pressure in recent months.Agreement to Manufacture 5G Massive MIMO Radios Tejas Networks stated that it will manufacture and supply advanced 5G massive MIMO radios as part of its agreement with NEC Corporation. The company offers a comprehensive portfolio of mobility products, including 4G and 5G radio access networks.Its product suite includes high capacity e2TR and 64TR massive MIMO radios that comply with both 3GPP and O RAN...

Sanofi India Shares Fall 4% After Weak December Quarter Earnings Shares of Sanofi India Ltd. declined sharply at the opening bell on Thursday, February 16, falling as much as 4% after the company reported weak financial performance for the December quarter.Net Profit Drops 32% Year on Year For the quarter, the pharmaceutical company posted a 32% year on year decline in net profit at ₹61.7 crore, compared to ₹91.3 crore in the same period last year. The sharp contraction in earnings reflects continued pressure on the company’s profitability during the reporting period.Revenue Slides for Third Straight Quarter Quarterly revenue also declined, falling 18% to ₹420 crore from ₹515 crore a year earlier. The latest performance marks the...

Despite heightened uncertainty around recent US solar duties, a majority of analysts covering Waaree Energies Ltd. continue to maintain a positive stance on the stock, even after it has corrected nearly 40% from its peak.Waaree Energies shares declined 10% on Wednesday after the United States imposed a 126% duty on certain solar product imports. The move raised concerns across the renewable energy sector. However, the company clarified that it is not impacted by the measure and that its existing order book remains insulated.The company stated that it does not use solar cells manufactured in India for its US supplies. As a result, it does not anticipate any significant effect from the newly imposed duties.Majority of Analysts...

Home First Finance Shares Slide 6% After ₹662 Crore Block Deal; 5.4% Equity Changes Hands Shares of Home First Finance Company India Ltd. fell as much as 6% on Thursday, February 26, after a large block deal saw 5.4 million shares, representing 5.4% of the company’s equity, change hands. The transaction was valued at ₹662.6 crore.The identities of the buyers and sellers in the block deal have not been officially disclosed.Block Deal Details and Likely Sellers A report on Wednesday indicated that up to 6.8% of the company’s equity, worth ₹841.5 crore, was likely to be traded at a floor price of ₹1,185 per share. The report suggested that True North Fund V LLP and Aether Ltd. were likely to be the sellers in the transaction.As per...

Shares of Shaily Engineering Plastics Ltd. are set to remain in focus on Thursday, February 26, after the company announced a significant manufacturing and commercial supply agreement valued at ₹423 crore.The contract, signed with a major domestic pharmaceutical company, involves the supply of pen injectors over a four year period, according to an exchange filing made on Wednesday. The development strengthens the company’s presence in the growing drug delivery devices segment.₹423 Crore Pen Injector Supply Deal Strengthens Order Book Under the agreement, Shaily Engineering will manufacture and supply pen injectors, reinforcing its positioning in the pharmaceutical devices ecosystem. The four year tenure of the contract provides...

Shares of Ola Electric Mobility Ltd. came under fresh pressure after Goldman Sachs downgraded the electric vehicle maker to Neutral and sharply reduced its price target in a note released on Thursday, February 26.The brokerage cut its target price by 50% to ₹26 from ₹52 earlier. The revised target stands only marginally above Wednesday’s closing price of ₹25.62, indicating limited upside from current levels.Revenue Estimates Trimmed; Market Share Outlook LoweredGoldman Sachs has reduced its revenue projections for FY26 through FY28. The brokerage now expects Ola Electric to command a mid single digit market share in FY30 and beyond, a significant downgrade from its earlier low teens market share expectation.The revised...

Poonawalla Fincorp Ltd. Shares in Focus as UBS Initiates Coverage with Buy Rating, ₹640 Target Shares of Poonawalla Fincorp Ltd. will remain in focus on Thursday, February 26, after UBS initiated coverage on the non-banking financial company with a positive outlook and a significant upside target.UBS Assigns Buy Rating, Sees 38.9% Upside UBS has initiated coverage on Poonawalla Fincorp with a buy rating and a price target of ₹640 per share. The target suggests a potential upside of 38.9% from the previous closing price of ₹460.5 per share.The brokerage highlighted the company’s strong management and promoter backing, along with its AAA credit rating, as key positives supporting its investment case.Focus on Loans Against Property...

SBI Share Price Target: CLSA Assigns Outperform Rating, Sees Upside to ₹1,275 CLSA Initiates Bullish View on State Bank of India Global brokerage CLSA has assigned an "Outperform" rating to State Bank of India Ltd, setting a price target of ₹1,275 per share. The target indicates a potential upside of 6 percent from Wednesday’s closing price.While the brokerage expects the stock to consolidate in the near term following its recent rally, it maintains that SBI remains a structurally strong long-term growth story.Strong Growth Despite Market Leadership Despite being India’s largest lender, SBI has outpaced industry growth over the past five years. According to CLSA, the bank has effectively leveraged its under-utilized branch network...

Foreign Portfolio Investors Boost Indian Equities as February Inflows Top Domestic Buying Foreign inflows into Indian equities are gathering momentum, with overseas investors outpacing domestic institutions in February for the first time in 17 months. The renewed interest comes amid signs of stronger corporate earnings and relatively attractive valuations.Foreign Inflows Cross $2.1 Billion in February According to a Bloomberg report, global funds added a net $2.1 billion to Indian equities through February 24. This surpassed the $1.8 billion invested by domestic institutional investors during the same period.If the trend sustains through the end of the month, it will mark the first time since September 2024 that foreign portfolio...

IDFC First Bank Downgraded by BoFA Securities; Price Target Cut to ₹75 After ₹590 Crore Fraud Disclosure Shares of IDFC First Bank Ltd. are set to remain in focus on Thursday, February 26, after brokerage firm BoFA Securities downgraded the stock and reduced its price target following recent developments at the lender.BoFA Downgrades Rating to Neutral, Slashes Target Price BoFA Securities has downgraded IDFC First Bank to “neutral” from its earlier “outperform” rating. The brokerage also cut its price target to ₹75 from ₹95 previously. The revised target stands only marginally above the stock’s Wednesday closing price.In its latest note, BoFA said that a re-rating of the stock will be delayed until there is complete clarity on the...

IRFC Shares in Focus as Government Skips Greenshoe Option in 2% OFS Shares of Indian Railway Finance Corporation Ltd will remain in focus on Thursday, February 26, after the government decided not to exercise the oversubscription or greenshoe option in its ongoing Offer For Sale.Government Limits Offer to Base 2% Stake Sale In an exchange filing on Wednesday, IRFC stated that the government, which is also the company’s promoter, will not exercise the option to sell an additional 2 percent stake. The decision follows an undersubscription of 1.18 crore equity shares on the first day of the OFS, which was open to non retail investors.As a result, the total offer size will remain at the base offer of 26.13 crore equity shares...

Gold and Silver Prices Hold Steady as Dollar Weakness and Geopolitical Risks Support Bullion Precious Metals Trade Near Multi-Week Highs Amid Rate Cut Expectations Gold and silver prices remain stable on Thursday, supported by a softer US dollar and ongoing geopolitical uncertainty, even as investors reassess expectations around US interest rates and trade policy.Spot gold rises 0.3 percent to $5,184.43 per ounce in early trade, hovering near a more than three week high touched earlier this week. However, US gold futures for April delivery decline 0.5 percent to $5,199.20 per ounce, reflecting mild profit booking following the recent rally.Weaker Dollar Boosts Bullion Appeal A softer US dollar provides support to bullion prices. The...