Stocks

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...

Sedemac Mechatronics IPO Opens March 4: Price Band Set at ₹1,187 to ₹1,352 Per Share Sedemac Mechatronics Ltd, backed by A91 Partners, Catamaran Ventures, and Xponentia Capital, has announced the price band for its upcoming initial public offering, with the issue set to open for subscription on March 4.The IPO will close for public subscription on March 6, while the anchor book for institutional investors will open on March 2.Sedemac Mechatronics IPO Price Band and Lot Size The company has fixed the price band at ₹1,187 to ₹1,352 per equity share. Investors can bid for a minimum of one lot comprising 11 shares and in multiples of 11 thereafter.Shares worth ₹1 crore have been reserved for employees, who will receive a discount of...

JPMorgan Raises Gold Price Forecast to $4,500, Sees Bullion at $6,300 by End-2026 JPMorgan has lifted its long-term gold price forecast to $4,500 per ounce and reiterated its projection that bullion could climb to $6,300 per ounce by the end of 2026, citing sustained institutional demand and ongoing portfolio diversification trends.The upward revision comes amid a strong rally in precious metals, with gold continuing to draw support from central bank buying and investor inflows.Gold Surges 20% This Year, Hits Multi-Week High Spot gold has advanced around 20% so far this year, touching a three-week high of $5,248.89 per ounce on Tuesday. The metal had earlier scaled a record peak of $5,594.82 per ounce on January 29, extending a...

HSBC India Profit Rises 11% to $1.9 Billion in 2025, Corporate Banking Leads Growth HSBC India Reports Strong Profit Before Tax Growth in 2025 HSBC India has reported an 11% year on year rise in profit before tax to $1.9 billion in 2025, up from $1.7 billion in the previous year, reflecting steady expansion across its core business segments.The performance reinforces India’s strategic importance within the global operations of UK based banking major HSBC Plc. India continues to be the second largest contributor to the group’s profit in Asia, after Hong Kong.Corporate and Institutional Banking Drives Earnings The corporate and institutional banking division emerged as the biggest contributor to profit before tax in India. The...

Oil Prices Edge Higher Ahead of US Iran Nuclear Talks as Middle East Exports Rise Global oil prices inched higher as markets assessed the upcoming US Iran nuclear talks and a surge in crude exports from key Middle Eastern producers, creating fresh uncertainty around future supply dynamics.WTI Near $66, Brent Below $71 as Traders Weigh Risks West Texas Intermediate traded close to $66 per barrel, while Brent settled below $71, reflecting a cautious market balancing geopolitical risks against expectations of ample supply later this year.Oil traders are navigating a complex backdrop. On one side are bearish projections of a potential global crude surplus in the coming months. On the other are mounting geopolitical tensions surrounding...

Clean Max Enviro Energy Solutions IPO Subscribed 0.99 Times on Final Day; Retail Demand Remains Muted Clean Max Enviro Energy IPO Sees Weak Overall Subscription on February 25 The initial public offering of Clean Max Enviro Energy Solutions Ltd closed with tepid investor participation on February 25, as the issue was subscribed 0.99 times on the third and final day of bidding.The mainboard IPO received bids for over 2.05 crore shares against 2.06 crore shares on offer, indicating that the issue narrowly missed full subscription.While institutional investors showed interest, participation from retail and non-institutional categories remained subdued.Category-Wise Subscription Details The subscription pattern reflected a sharp...

IRFC OFS Update: Government Declines Greenshoe Option; Shares to Remain in Focus on February 26 Shares of Indian Railway Finance Corporation Ltd. are set to remain in focus on Thursday, February 26, after the Government of India decided not to exercise the oversubscription or greenshoe option in its ongoing Offer For Sale.Government Restricts IRFC OFS to Base Offer of 2% In an exchange filing on Wednesday, IRFC stated that the government, which is also the promoter of the company, will not exercise the option to sell an additional 2 percent stake. The decision follows an undersubscription of 1.18 crore equity shares on Wednesday, when the OFS opened for non retail investors.As a result, the total offer size will remain at the base...

Nvidia Q4 Earnings Beat Estimates; Q1 FY26 Revenue Guidance Tops Street View Nvidia Corp delivers a stronger than expected fourth quarter performance and issues upbeat guidance for the first quarter of FY26. However, the stock reaction remains muted in extended trading despite the earnings beat and robust outlook.Q4 Revenue Jumps 73% Year on Year Nvidia reports quarterly revenue of $68.1 billion, exceeding analyst expectations of $66.21 billion. Earnings per share come in at $1.62, ahead of the projected $1.53.On a year on year basis, revenue rises 73 percent, underscoring continued demand for artificial intelligence infrastructure. The company now generates 91 percent of its total revenue from its data center segment, which...

Angel One Stock Split Takes Effect Today: Shares Trade Ex-Split from February 26 Shares of Angel One Ltd will trade with stock split adjustment starting Thursday, February 26, as the brokerage firm implements its approved 1:10 split.The company had fixed February 26 as the record date for the stock split. Investors holding shares in their demat accounts as of market close on Wednesday are eligible for the corporate action. Those purchasing shares on or after Thursday will not qualify for the split benefit.Angel One 1:10 Stock Split Explained Angel One announced a stock split in the ratio of 1:10. Under this structure, one equity share with a face value of ₹10 is subdivided into ten equity shares of ₹1 each.For instance, an...

SBI Life Insurance Declares Interim Dividend for FY26 SBI Life Insurance has announced an interim dividend of ₹2.70 per equity share for the financial year 2025 to 26. Shareholders whose names appear on the record date of March 6, 2026 will be eligible to receive the payout.The company stated that the dividend will be credited or dispatched on or before March 27, 2026.Tata Capital Housing Finance Approves ₹650.02 Crore Rights Issue Tata Capital Ltd said its wholly owned subsidiary, Tata Capital Housing Finance Ltd, has approved a rights issue of equity shares worth ₹650.02 crore to its parent company.The issue comprises equity shares with a face value of ₹10 each and will be executed in one or more tranches, strengthening the...