Stocks

PNGS Reva Diamond Jewellery IPO Allotment Today After 1.23x Subscription; Listing Set for March 4 The IPO of PNGS Reva Diamond Jewellery is set to see its allotment finalized on Friday, February 27, after the ₹380 crore public issue was fully subscribed on the final day of bidding. The offering witnessed steady demand, supported by participation from non institutional investors and retail investors.PNGS Reva IPO Subscription Details The IPO received an overall subscription of 1.23 times on Day 3, with bids for 70.31 lakh shares against 57.06 lakh shares on offer, as per NSE data.Category wise subscription stood as follows:Qualified Institutional Buyers subscribed 1.04 times Retail Individual Investors subscribed 1.29 times Non...

Asian Markets Slip From Record Highs as Wall Street Weakness and AI Volatility Weigh on Sentiment Asian equities retreated from record levels on Friday morning after a pullback in US benchmarks dampened global risk appetite, even as the region continues to outperform on the back of artificial intelligence driven optimism.Nikkei, Kospi Open Lower; MSCI Asia Pacific Stays Flat Japan’s Nikkei 225 and South Korea’s Kospi declined at the open, leaving the MSCI Asia Pacific Index largely flat in early trade. The regional gauge had climbed more than 6% in February and was heading for its third straight month of gains.The muted start follows weakness on Wall Street, where futures for US benchmarks slipped in early Asian hours after the S&P...

Nvidia Stock Falls 5.5% Despite Strong Earnings as OpenAI Deal, China Curbs and Competition Raise Concerns Nvidia Delivers Another Beat but Street Seeks Clarity Nvidia Corp., the global leader in AI chip supply and the world’s most valuable company, has once again reported a quarter that exceeded Wall Street expectations. The company beat estimates on revenue and earnings per share and also issued guidance for the upcoming quarter that topped forecasts.However, in the current market environment, strong numbers alone are not sufficient. Investors are now demanding clarity on strategic and structural issues that could influence Nvidia’s long term trajectory.Despite the earnings beat, shares of Nvidia closed 5.5% lower on Thursday...

Block, Inc. to Cut Over 4,000 Jobs as AI Push Fuels 25% Stock Surge Block, Inc., the financial services company co-founded by Jack Dorsey, announced on Thursday, February 26, that it will lay off more than 4,000 employees, reducing nearly half of its workforce. Following the announcement, the company’s shares surged 25% in extended trading on Wall Street.Workforce to Drop Below 6,000 In a letter to shareholders, Dorsey described the move as a difficult decision. The company’s workforce will shrink from over 10,000 employees to just under 6,000. As of December 31, 2025, filings showed that Block employed a total of 10,205 people.Chief Financial Officer Amrita Ahuja said the restructuring will position the company for its next phase...

US Stock Market Today: Nvidia Slides 5.5%, S&P 500 and Nasdaq End Lower Despite Broad Gains US equity markets closed mixed on Thursday, February 26, as a sharp decline in chip heavyweight Nvidia Corp. weighed heavily on benchmark indices, overshadowing an otherwise resilient session marked by positive market breadth.Nvidia Fall Drags Down S&P 500 and Nasdaq Shares of Nvidia dropped 5.5 percent despite reporting a strong quarterly performance and issuing guidance that exceeded expectations. The stock’s decline spilled over into the broader semiconductor space, pulling down major chipmakers including Advanced Micro Devices, Broadcom Inc., Intel Corp., and Taiwan Semiconductor Manufacturing Company, each of which fell between 3 percent...

SEBI Receives Expert Panel Reports on Agricultural Commodity Derivatives Framework The Securities and Exchange Board of India on Thursday said that the working groups constituted to review the delivery and settlement framework and regulatory norms in the agricultural commodity derivatives segment have submitted their reports to Chairman Tuhin Kanta Pandey.The regulator confirmed that the expert panels formally presented their findings to the Chairman as part of a broader review exercise aimed at strengthening the commodity derivatives market architecture.Review of Margins, Position Limits and Settlement Mechanisms The working groups were assigned to assess whether the current framework governing margins, position limits, and...

Samayat Services LLP Plans 6.5% Stake Sale in Vishal Mega Mart via ₹3,507.5 Crore Block Deal Samayat Services LLP is likely to divest up to 6.5 percent of its stake in Vishal Mega Mart Ltd through a block deal, according to sources familiar with the development. The proposed transaction is valued at ₹3,507.5 crore.The floor price for the deal has been set at ₹115 per share, reflecting a discount of 9.8 percent to the prevailing market price. Shares sold under the block arrangement will be subject to a 150 day lock in period.The potential stake sale comes at a time when Vishal Mega Mart has reported steady growth in earnings and continued expansion across key markets.Vishal Mega Mart Q3 Results: Profit Rises 19.1% to ₹312.9 Crore...

NSE IPO Process Gains Momentum as Exchange Invites Bids from Investment Banks National Stock Exchange Issues RFP for Lead Managers Ahead of Proposed IPO The National Stock Exchange of India Ltd has taken a significant step toward its long-awaited initial public offering by issuing a request for proposals to investment banks, inviting them to bid for advisory roles in the planned share sale, according to people familiar with the development.The exchange is expected to finalise its advisors by mid-March, the sources said, requesting anonymity as the process remains confidential.A spokesperson for NSE confirmed that the company’s board has approved the IPO but did not provide additional details.Rothschild Appointed to Oversee Listing...

Jio Financial Services Invests ₹2,000 Crore in Jio Credit Ltd Jio Financial Services Ltd on Thursday, February 26, announced an investment of nearly ₹2,000 crore in its wholly owned subsidiary, Jio Credit Ltd, through a fresh equity subscription, according to an exchange filing.The company subscribed to and received 3,35,71,923 equity shares of Jio Credit Ltd with a face value of ₹10 each at a premium of ₹585.70 per share. The total investment amounted to ₹1,999.88 crore. The transaction was completed in cash at 11:30 a.m. on the same day.Jio Credit Ltd, a non banking financial company, will use the funds to support its business operations and expansion plans.The company stated that the transaction qualifies as a related party...

Pashupati Cotspin Limited Approves Stock Split and Capital Alteration Pashupati Cotspin Limited announced on February 26, 2026, that its Board of Directors approved the sub-division of its existing equity shares. The company will split 1 existing equity share with a face value of Rs. 10/- each into 1 equity share of Re. 1/- each. This move aims to make the company's equity shares more affordable, enhance liquidity in the market, and broaden shareholder participation.The Board also approved an alteration of the Capital Clause in the Memorandum of Association to reflect the stock split. A Postal Ballot will be held to seek approval from the company’s shareholders for both the stock split and the capital alteration. Ms. Janki Shah...

Quality Power Electrical Equipments Limited has received multiple purchase orders worth approximately ₹146 crore for the supply of high voltage direct current reactors up to 800 kV, strengthening its order book in the high voltage transmission segment.In a stock exchange filing on Thursday, February 26, the company stated that the orders were awarded by a domestic entity. The name of the customer has not been disclosed due to a non disclosure agreement.800 kV Coil Products to Be Delivered Over 18 Months The contracts involve the supply of 800 kV coil products, a key component used in high voltage direct current transmission systems. These systems play a critical role in efficient long distance power transmission and grid stability...

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...