Stocks

Indian IT Stocks in Focus After ₹1.2 Lakh Crore Rout; Global Tech Rebound Offers Hope Shares of leading Indian IT companies will remain under close watch on Wednesday, February 25, after a sharp sell-off on Tuesday wiped out nearly ₹1.2 lakh crore in market capitalization across the sector.Heavyweight names including Infosys Ltd., TCS Ltd., Wipro Ltd., HCLTech Ltd., Tech Mahindra Ltd., Persistent Systems Ltd., Coforge Ltd., L&T Technology Services Ltd. and KPIT Technologies Ltd. saw steep declines, dragging the broader technology pack lower.IT Stocks Dominate Nifty 500 Losers List The scale of the decline was evident in the broader markets. Eight out of the top 10 losers on the Nifty 500 index were technology stocks, underscoring...

Gold Enters Structural Repricing Phase as Rally Above $5,000 Signals Global Monetary Reset Gold has entered what analysts describe as a structural repricing phase, reflecting deep-rooted shifts in the global financial system that are reshaping how investors and central banks view the precious metal.In its latest Precious Metals Quarterly Report, Motilal Oswal Financial Services states that gold’s surge beyond $5,000 per ounce in early 2026 is not merely cyclical momentum. Instead, it signals a broader reset in monetary confidence, reserve management strategies, and physical supply dynamics.Break from Traditional Real Interest Rate Logic Historically, gold prices have moved inversely to real interest rates. However, between 2023 and...

Omnitech Engineering IPO: ₹583-Crore Issue Opens Feb 25; Valued at 64x FY25 Earnings The ₹583-crore initial public offering of Omnitech Engineering, a manufacturer of precision-engineered components and assemblies, will open for subscription on Wednesday, February 25, and close on February 27. The shares are proposed to be listed on both the BSE and NSE.This will be among the last major public offerings of the month.Issue Structure The IPO comprises:Fresh issue: ₹418 crore Offer for Sale (OFS): ₹165 crore by promoter Udaykumar Arunkumar ParekhAhead of the public issue, the company raised ₹174.6 crore from anchor investors. Participants in the anchor book included Societe Generale, Allianz Global, Ashoka India Equity Investment...

Oil Prices Rise as US Iran Nuclear Talks Loom Amid Military Buildup in Middle East Global oil prices edged higher as traders weighed the prospects of a potential nuclear agreement between the United States and Iran ahead of scheduled talks on Thursday, even as a large-scale US military deployment in the Middle East kept markets cautious.Crude Oil Prices React to Geopolitical Developments West Texas Intermediate traded around $66 per barrel, while Brent settled below $71, reflecting a market caught between diplomatic hopes and rising geopolitical tensions.Investors have been closely monitoring developments related to US Iran relations. The market has remained highly sensitive to headlines around a possible conflict, with oil prices...

IRFC Shares Fall 4% as Government OFS Opens for Subscription; Key Details for Investors Shares of Indian Railways Finance Corporation Ltd. declined up to 4% on Wednesday, February 25, as the Government’s Offer For Sale opened for non retail investors, triggering fresh supply pressure in the counter.The stock was trading 3.8% lower at ₹105.33 during the session, reflecting investor response to the divestment plan.Government to Divest 2% Stake with Green Shoe Option The Government plans to offload a 2% stake in IRFC through the Offer For Sale, with an additional 2% green shoe option. The divestment details were outlined by the Department of Investment and Public Asset Management.The floor price for the OFS has been fixed at ₹104 per...

Wall Street Rebounds as Tech Stocks Recover; Dow Jumps 370 Points, Nasdaq Gains 1.1% Benchmark indices on Wall Street rebounded on Tuesday, recovering from Monday’s sharp sell-off that was triggered by concerns around artificial intelligence disruptions. A revival in technology stocks and improved consumer sentiment helped ease market anxiety, at least temporarily.The recovery came as investors reassessed the scale of AI-related risks and turned their focus toward earnings updates and macroeconomic signals.Dow Jones Recovers Half of Monday’s Losses The Dow Jones Industrial Average advanced 370 points, clawing back nearly half of its losses from the previous session. Broader benchmarks also moved higher, with the S&P 500 rising 0.7%...

Biocon Secures US FDA Approval for Liraglutide Injection to Tap Growing GLP-1 Market Biocon Receives US FDA Nod for Complex Liraglutide Formulation Biocon Ltd announced on Tuesday that it has received approval from the US Food and Drug Administration for its complex formulation, Liraglutide Injection, 18 mg per 3 mL, in single-patient-use prefilled pens.The approval marks a significant regulatory milestone for the biotechnology firm as it expands its footprint in the United States with a drug-device combination product designed for chronic weight management.Liraglutide is indicated as an adjunct to a reduced-calorie diet and increased physical activity for patients requiring long-term weight management support.GLP-1 Therapies: A...

Exide Industries Invests ₹100 Crore in Exide Energy Solutions to Fund Bengaluru Lithium-Ion Plant Rights Issue Strengthens Funding for EV-Focused Greenfield Project Exide Industries Ltd on Tuesday announced an investment of ₹100 crore in its wholly owned subsidiary, Exide Energy Solutions Ltd, through a rights issue of equity shares.Exide Energy Solutions allotted 2.5 crore equity shares of ₹10 each at a premium of ₹30 per share, aggregating to ₹100 crore. The transaction was completed in cash on February 24, 2026.Following this infusion, Exide Industries’ total investment in EESL, including share premium and investments made in the former merged subsidiary Exide Energy Private Ltd, has risen to ₹4,352.23 crore. The parent company’s...

5paisa Capital Approves ₹475 Crore Rights Issue; Q3 FY26 Profit Falls 24% Board Clears Equity Fundraising Plan Up to ₹475 Crore 5paisa Capital Ltd has approved a proposal to raise up to ₹475 crore through a rights issue of fully paid up equity shares, according to a regulatory filing dated February 24, 2026.The board has cleared the issuance of equity shares with a face value of ₹10 each to eligible shareholders as on the record date, which will be announced at a later stage. The total size of the issue will not exceed ₹4,750 million and remains subject to regulatory approvals and compliance with SEBI Regulations, 2018.The company confirmed that the capital raising exercise will be carried out entirely through equity shares.Key...

Shares of Indian Railway Finance Corporation are set to remain in focus on Wednesday after the government announced plans to divest a 2 percent equity stake through an Offer for Sale, with an additional 2 percent green shoe option.Government to Divest Up to 4% Stake via Offer for Sale The Secretary of the Department of Investment and Public Asset Management confirmed that the stake sale will be conducted through an Offer for Sale mechanism. The floor price for the issue has been fixed at ₹104 per share.The Offer for Sale for non retail investors will open on February 25, while retail investors can place bids on February 26. If the green shoe option is fully exercised, the total divestment could go up to 4 percent of the company’s...

Several prominent companies have announced significant developments spanning infrastructure expansion, capital infusion, regulatory updates, order wins, earnings growth, and strategic technology partnerships. Here is a detailed look at the latest corporate updates.Power Grid Corporation of India Ltd: Cabinet Clears Higher Investment Powers The Cabinet Committee on Economic Affairs has approved enhanced delegation of powers to Power Grid Corporation of India Ltd, raising its equity investment limit per subsidiary to ₹7,500 crore from ₹5,000 crore. The existing cap of 15 percent of net worth remains unchanged.The move is expected to enable POWERGRID to accelerate investments in transmission infrastructure, including Ultra High Voltage...

Gabon Authority Terminates €113 Million NR1 EPC Contract Afcons Infrastructure Ltd, the flagship infrastructure engineering and construction arm of the Shapoorji Pallonji Group, on Tuesday disclosed that Société Autoroutière du Gabon has issued a notice terminating its Engineering, Procurement and Construction contract for National Road NR1 in Gabon.The contract involved the design, construction, rehabilitation, and upgrade of approximately 117 km of National Road NR1 and was valued at €113.03 million.According to the company, about 93.47% of the project had already been completed as of December 31, 2025. The completed stretch has been open to traffic for nearly two years. Afcons stated that certain remaining sections are pending...

Shares of Aditya Infotech Ltd are set to remain in focus on Wednesday after sources indicated that the company’s promoters, along with Dixon Technologies, are likely to divest up to a 5.8 percent stake through a block deal estimated at around ₹1,000 crore.Block Deal Details and Likely Discount According to the report, the floor price for the proposed transaction is expected to be set at a 0.6 percent discount to the prevailing market price.Ahead of the development, Aditya Infotech shares closed at ₹1,466.10 on the National Stock Exchange, declining ₹38.80 or 2.58 percent during the trading session.The proposed block deal, if executed, could lead to a significant shift in the company’s public shareholding pattern.Promoter Group...

Waaree Energies Ltd has announced a fresh renewable energy order win, with its wholly owned subsidiary receiving a Letter of Award for a 300 MW wind power project in Gujarat. The development strengthens the company’s presence in India’s clean energy segment and adds long term revenue visibility.300 MW Wind Project in Dwarka, Gujarat Waaree Energies Ltd informed the stock exchanges on February 24, 2026 that its wholly owned subsidiary, Waaree Forever Energies Private Ltd, has received a Letter of Award from Solar Energy Corporation of India Ltd for the development of a 300 MW wind power project in Dwarka, Gujarat.The project involves the development of a 300 MW wind power facility and has been awarded by a domestic entity. The...

Strong Q4 Performance Driven by Volume Growth and Exports Schaeffler India Ltd reported a sharp rise in earnings for the fourth quarter of its January to December financial year, reflecting sustained demand and improved operating performance.The company posted a net profit of ₹322.3 crore in Q4, marking a 35.9 percent increase from ₹237.2 crore in the same quarter last year. Revenue for the quarter climbed 27.5 percent to ₹2,724 crore, compared to ₹2,136 crore a year earlier.EBITDA rose 30.8 percent year on year to ₹484.5 crore from ₹370.5 crore. The EBITDA margin improved to 17.8 percent, up from 17.3 percent in the corresponding quarter of the previous year, indicating better operating leverage.Profit before tax for the quarter...

SEC Concludes Investigation Under FCPA Review Dr. Reddy's Laboratories Ltd has received a formal communication from the US Securities and Exchange Commission stating that it has concluded its investigation into allegations of improper payments and does not intend to recommend any enforcement action at this time.The investigation was initiated following an anonymous complaint that alleged improper payments to healthcare professionals in Ukraine and potentially other countries. According to the company’s exchange filing, such payments could have constituted violations of US anti corruption laws, including the US Foreign Corrupt Practices Act.Company Disclosed Matter to Multiple Regulators Dr. Reddy's had proactively disclosed the...

Himadri Expands Carbon Black Capacity to 2,50,000 TPA Kolkata-based specialty chemicals major Himadri Speciality Chemical Ltd on Tuesday announced the commencement of commercial operations of its newly commissioned 70,000 tonnes per annum specialty carbon black line at its manufacturing facility in Mahistikry, Hooghly, West Bengal.With this brownfield expansion, the company’s total carbon black manufacturing capacity has increased to 2,50,000 TPA. Of this, 1,30,000 TPA is specialty carbon black capacity at the Mahistikry site, making it the world’s largest single-location specialty carbon black manufacturing facility.Mahistikry Facility Scales Up Specialty Portfolio The newly commissioned line strengthens Himadri’s specialty...

India’s jewellery market is not witnessing a simple shift from gold to silver or from heavy to lightweight designs. Instead, consumer behaviour is fragmenting across sharper lines shaped by design sensibility, price awareness, lifestyle shifts and digital influence.Retailers across segments indicate that buyers are navigating metals and formats with greater intent, rather than following a single dominant trend. The result is a more segmented and strategically nuanced jewellery landscape.Gold vs Silver in Gemstone Jewellery: Value or Expression? The debate around whether silver is replacing gold in coloured gemstone jewellery reveals a cohort-driven market.At Dhirsons Jewellers, Creative Director Riva Dhir said gold continues to...

Mumbai, February 23, 2026: Morepen Laboratories Limited (NSE: MOREPENLAB; BSE: 500288) has secured a multi-year Contract Development and Manufacturing Organization mandate valued at approximately ₹825 crore, marking one of the largest single CDMO engagements in its history. The announcement triggered strong investor response, with the stock rallying 14.78 percent to ₹45.03 in early trade. As of 09:42 AM IST, the stock was trading at ₹45.03, up ₹5.80 from the previous close of ₹39.23. The scrip touched an intraday high of ₹45.33 and a low of ₹41.51, with a volume-weighted average price of ₹43.75. ₹825 Crore Multi-Year Mandate From Global Pharma Major According to the company’s press communication dated February 23, 2026 , Morepen has...

Mumbai, February 23, 2026 (Monday) — Edelweiss Financial Services Limited and Cohance Lifesciences Limited witnessed significant block deal transactions during the morning block deal window on Monday, with a combined traded value of ₹353.62 crore. The transactions were executed in Session 1 of the block deal window, which operates between 8:45 AM and 9:00 AM on stock exchanges. Block Deal DetailsCompanySeriesDeal Price (₹)Shares TradedTransaction Value (₹ Crore)Closing Price (₹)% ChangeEdelweiss Financial ServicesBL118.001,00,00,000118.00121.10-2.56Cohance LifesciencesBL306.0077,00,000235.62305.400.20Transaction SnapshotEdelweiss Financial Services Limited1 crore shares changed hands at ₹118 per share Total deal value...