IT companies, Infosys Ltd., Wipro Ltd., TCS, Persistent Systems, Coforge etc will be in focus, after the software stocks in the US sold-off sharply overnight on resurfaced concerns about the viability of their business models.
US Software stocks led by Gartner plunged as much as 25% in intraday trading. Gartner eventually ended the day with cuts of 21%. Other major SaaS names, Adobe, Salesforce, Microsoft, also fell between 3% to 8% overnight. Nasdaq index fell over 350 points overnight.
NBCC (India) receives 6 work orders from ICMAI & Department of Fisheries (Uttarakhand) worth Rs. 271.32 crore.
REC clarifies the news of merger between PFC & REC is not based on the details available with the company.
Aditya Birla Capital approves raising funds via NCDs within an overall borrowing limit of Rs. 1,65,000 crore. The company approves investment of Rs 2,750 crore in their arm, ABHFL.
Varroc Engineering wins strategic contract with a global EV OEM to supply AC-bi-directional wall chargers.
Adani Ports & Special Economic Zone clarifies that the news about 3 group companies planning to raise $2 billion is in normal course of business.
Epigral has been awarded “Silver Medal” by EcoVardis, the world’s most trusted Sustainability ratings provider.
Shipping Corporation of India signs MOU with CONCOR, JNPA, VOCPA, CPA, & SMFCL to acquire & operate vessels & containers.
Rane Holdings approves Rs. 15 crore funding support to its arm. They previously loaned Rs. 25 crore in Nov 2025, total exposure now at Rs. 40 crore.
Nazara Technologies infuses Rs. 15 crore into Rusk Media via Pre Series C CCPS & approves $500,000 investment into its arm.
Infosys announces collaboration with Citizens on AI-first innovation hub to accelerate the future of banking.
JK Lakshmi announces increase in expansion project cost from Rs. 2,500 crore to Rs. 3,000 crore. Clinker capacity to increase from 10 MTPA to 12.3 MTPA & Cement capacity to increase from 18 MTPA to 22.6 MTPA.
Vikran Engineering loans Rs. 49.15 crore to Onix Renewables.
V2Retail announces stock split, 1 equity share of face value Rs. 10 to be sub-divided into 10 equity shares of face value Rs. 1 each.
NLC India receives a letter of award from SECI for setting up 600MW coupled with 300 MW / 1800 MWh out of 1200 MW coupled with 600 MW / 3600 MWh Energy Storage Systems (ESS).
Power Grid Corporation of India acquires SRERPTL for Rs. 19.63 crore. It is engaged in the business of power transmission as well.
Nuvoco Vistas Corporation executes securities purchase agreement to acquire 100% of Algebra Endeavor from JSW Cement & Alpha Alternative Holdings.
JK Paper: NCLT approves merger of arms with the company.
IRFC strengthens infra diversification through MOU with VOCPA & SMFC to support financing of port & infra projects.
JSW Energy clarifies that it does not have plans for any significant investment in the nuclear power sector.
Vikran Engineering incorporates a SPV to execute NTPC order worth Rs. 459.20 crore.
DLF executes business transfer for Rs. 409 crore & sells land parcel for Rs. 260 crore to Srijan Group.
Kothari Industrial Corporation entered into an MOU with Arsutoria, Italy to explore a skill development initiative.
Usha Martin gets cautionary letter from BSE with respect to its shareholding pattern.
Lumax Auto: NCLT has sanctioned the amalgamation between the company & its arm.
Lloyds Metal incorporates a subsidiary in Maharashtra with an estimated capital outlay of Rs. 252 crore. Also approves its arm to acquire 95% stake in LARPL for $5 million. Also approves its arm to acquire 100% stake in TP Phoenix for $1 million.
The company will increase capacity of Pellet plants from 4 MTPA to 5 MTPA.
Rashi Peripherals incorporates an arm in UAE.
NTPC Green informs the commercial operation of 2nd part of capacity of 125 MW out of 500 MW Bhadla Solar PV Project. Current capacity stands at 8688.25 MW, will reach 8813.25 MW post addition.
Matrimony announces buyback worth Rs 58.5 crore of 8.93 lk shares at Rs. 655 per share, a premium of 25% from CMP.
Shriram Finance receives approval from NSE & BSE to issue 47 crore shares.
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Insider trades
Jindal Stainless: JSL Overseas Holding, Promoter Group acquires 3.61 lk shares.
Corporate Actions
Interim Dividend
Mas Financial Service – Rs 1.25 Per Share
Crizac – Rs 8 Per Share
IEX – Rs 1.5 Per Share
Carborundum Universal – Rs 1.5 Per Share
Flair Writing Industries – Rs 0.50 Per Share
The Great Eastern Shipping Company – Rs 9 Per Share
Gillette India – Rs 120 Per Share
Coromandel International – Rs 9 Per Share
ITC – Rs 6.50 Per Share
KPIT Technologies – Rs 2.25 Per Share
Apcotex Industries – Rs 2.50 Per Share
Other corporate actions
Gillette India – Special Dividend – Rs 60 Per Share
Board Meet
Devyani International ( Fund Raising )
Metropolis Healthcare (Bonus)
Lock In
Lenskart Solutions: 3 months share lock in, 41mn lock in shares, 2% of total of outstanding shares
Aditya Infotech: 6 months share lock-in, 74 mn lock in shares, 63% of total of outstanding shares
Securities shortlisted in Short – Term ASM Framework Stage: Servotech Renewable Power System, Sharda Cropchem.
Securities to be excluded from ASM Framework: Bharat Rasayan.
Price Band changed from 20 to 10: Servotech Renewable Power System
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Earnings Today
Archean Chemical Industries, Apollo Tyres, Aptus Value Housing Finance India, Aurionpro Solutions, Automotive Axles, Avalon Technologies, Bajaj Finserv, Bajaj Holdings & Investment, Carysil, CCL Products (India), Century Plyboards (India), Cera Sanitaryware, Cummins India, Devyani International, Emami, Emcure Pharmaceuticals, Eureka Forbes, Force Motors, Gallantt Ispat, Greenply Industries, Hexaware Technologies, Inventurus Knowledge Solutions, Jain Irrigation Systems, Jaiprakash Power Ventures, JSW Cement, Jubilant Ingrevia, Kalpataru Projects International, Lloyds Engineering Works, Global Health, Metropolis Healthcare, NHPC, Parag Milk Foods, Apeejay Surrendra Park Hotels, Pokarna, Quality Power Electrical Equipments, Redington, RITES, Rane (Madras), Keystone Realtors, Saatvik Green Energy, Sammaan Capital, Shipping Corporation of India Land and Assets, Tata Power Company, Transport Corporation of India, TeamLease Services, Tube Investments of India, Timken India, Tamilnad Mercantile Bank, Trent, Welspun Enterprises, Westlife Foodworld, Wonderla Holidays, Xpro India
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Earnings Post Market
TCI Express Q3 FY26 (Cons, YoY)
Revenue up 5.9% at Rs 314.1 crore versus Rs 296.5 crore
EBITDA up 12.3% at Rs 32.5 crore versus Rs 28.9 crore
EBITDA Margin up 50 bps at 10.3% versus 9.8%
Net Profit up 14.8% at Rs 22.0 crore versus Rs 19.2 crore
Mankind Pharma Q3 (Cons, YoY)
Revenue up 11.5% at Rs 3,567 crore versus Rs 3,199 crore
EBITDA up 12.7% at Rs 919 crore versus Rs 816 crore
EBITDA Margin up 30 bps at 25.8% versus 25.5%
Net Profit up 7.6% at Rs 409 crore versus Rs 380 crore
Aditya Birla Capital Q3 (Cons, QoQ)
Total Income up 13.1% at 12,002 crore QoQ.
Profit up 10.5% at Rs. 945 crore vs Rs. 855 crore QoQ.
Firstsource Solutions Q3 (Cons, QoQ)
Revenue up 6.6% at Rs 2,467 crore versus Rs 2,315 crore
EBIT up 17.4% at Rs 316 crore versus Rs 269 crore
EBIT Margin up 118 bps at 12.8% versus 11.6%
Net Profit down 33.0% at Rs 120 crore versus Rs 180 crore
Action Construction Equipment Q3 (Cons, YoY)
Revenue down 2.3% at Rs 854.6 crore versus Rs 875.1 crore
EBITDA down 3.9% at Rs 129.7 crore versus Rs 134.9 crore
EBITDA Margin down 23 bps at 15.2% versus 15.4%
Net Profit up 4.2% at Rs 116.4 crore versus Rs 111.7 crore
Godrej Agrovet Q3 (Cons, YoY)
Revenue up 11.0% at Rs 2,718 crore versus Rs 2,450 crore
EBITDA up 10.0% at Rs 242 crore versus Rs 220 crore
EBITDA Margin down 10 bps at 8.9% versus 9.0%
Net Profit up 3.0% at Rs 115 crore versus Rs 111 crore
The Anup Engineering Q3 (Cons, YoY)
Revenue up 20.5% at Rs 206.9 crore versus Rs 171.7 crore
EBITDA up 12.9% at Rs 44.1 crore versus Rs 39.1 crore
EBITDA Margin down 146 bps at 21.3% versus 22.8%
Net Profit down 15.5% at Rs 25.5 crore versus Rs 30.2 crore
Rubicon Research Q3 (Cons, YoY)
Revenue up 51.7% at Rs 475.5 crore versus Rs 313.4 crore
EBITDA up 54.6% at Rs 108.1 crore versus Rs 69.9 crore
EBITDA Margin up 43 bps at 22.7% versus 22.3%
Net Profit up 91.2% at Rs 72.8 crore versus Rs 38.1 crore
Bajaj Finance Q3 (Cons, YoY)
Calculated NII grew 21% at Rs 11,318 crore YoY.
Net Profit down 6.3% at Rs. 3,978 crore vs Rs. 4,247 crore YoY.
JK Lakshmi Cement Q3 (Cons, YoY)
Revenue up 6.1% at Rs 1,588 crore versus Rs 1,497 crore
EBITDA up 1.7% at Rs 205 crore versus Rs 202 crore
EBITDA Margin down 60 bps at 12.9% versus 13.5%
Net Profit down 24.0% at Rs 56.9 crore versus Rs 74.9 crore
Nazara Technologies Q3 (Cons, YoY)
Revenue down 24.1% at Rs 406.1 crore versus Rs 535.1 crore
EBITDA up 84.0% at Rs 67.7 crore versus Rs 36.8 crore
EBITDA Margin up 980 bps at 16.7% versus 6.9%
Net Profit down 35.4% at Rs 8.8 crore versus Rs 13.7 crore
Restaurant Brands Asia Q3 (Cons, YoY)
Revenue up 11.8% at Rs 714.8 crore versus Rs 639.3 crore
EBITDA up 29.0% at Rs 89.6 crore versus Rs 69.5 crore
EBITDA Margin up 166 bps at 12.5% versus 10.9%
Net Loss narrowed to Rs 43.5 crore versus Loss of Rs 50.3 crore
Pidilite Industries Q3 (Cons, YoY)
Revenue up 10.1% at Rs 3,710 crore versus Rs 3,369 crore
EBITDA up 12.0% at Rs 894 crore versus Rs 798 crore
EBITDA Margin up 40 bps at 24.1% versus 23.7%
Net Profit up 11.9% at Rs 618 crore versus Rs 552 crore
Triveni Turbine Q3 (Cons, YoY)
Revenue up 24.0% at Rs 624 crore versus Rs 503 crore
EBITDA up 22.7% at Rs 134 crore versus Rs 109 crore
EBITDA Margin down 20 bps at 21.5% versus 21.7%
Net Profit down 0.3% at Rs 92.1 crore versus Rs 92.4 crore
Sheela Foam Q3 (Cons, YoY)
Revenue up 11.1% at Rs 1,074 crore versus Rs 967 crore
EBITDA up 29.9% at Rs 114.4 crore versus Rs 88.1 crore
EBITDA Margin up 150 bps at 10.6% versus 9.1%
Net Profit up 212% at Rs 52.1 crore versus Rs 16.7 crore
V2 Retail Q3 (Cons, YoY)
Revenue up 57.2% at Rs 929.4 crore versus Rs 591.2 crore
EBITDA up 55.7% at Rs 173.6 crore versus Rs 111.5 crore
EBITDA Margin down 19 bps at 18.7% versus 18.9%
Net Profit up 99.4% at Rs 102.1 crore versus Rs 51.2 crore
Bharat Coking Coal Limited Q3 (Standalone, YoY)
Revenue down 24.5% at Rs 2,783 crore versus Rs 3,689 crore
EBITDA down 94.0% at Rs 33.7 crore versus Rs 566 crore
EBITDA Margin down 1410 bps at 1.2% versus 15.3%
Net Loss at Rs 23.0 crore versus Profit of Rs 425 crore
Castrol India Q3 (Standalone, QoQ)
Revenue up 5.7% at Rs 1,440 crore versus Rs 1,363 crore
EBITDA up 13.9% at Rs 368 crore versus Rs 323 crore
EBITDA Margin up 180 bps at 25.5% versus 23.7%
Net Profit up 7.4% at Rs 245 crore versus Rs 228 crore
Signatureglobal (India) (Cons, YoY)
Revenue down 65.6% at Rs 284.4 crore versus Rs 827.7 crore
EBITDA Loss at Rs 63.2 crore versus Profit of Rs 13.5 crore
EBITDA Margin at -22.2% versus 1.6%
Net Loss at Rs 45.3 crore versus Profit of Rs 29.1 crore
Aarti Drugs Q3 FY26 (Cons, YoY)
Revenue up 8.1% at Rs 601.7 crore versus Rs 556.6 crore
EBITDA down 10.8% at Rs 55.0 crore versus Rs 61.7 crore
EBITDA Margin down 195 bps at 9.1% versus 11.1%
Net Profit up 9.3% at Rs 40.6 crore versus Rs 37.1 crore
Indraprastha Medical Corporation Q3 (Standalone, YoY)
Revenue up 14.4% at Rs 371.7 crore versus Rs 325.0 crore
EBITDA up 18.8% at Rs 61.9 crore versus Rs 52.1 crore
EBITDA Margin up 61 bps at 16.7% versus 16.1%
Net Profit up 25.1% at Rs 41.0 crore versus Rs 32.8 crore
Kansai Nerolac Paints Q3 (Cons, YoY)
Revenue up 3.1% at Rs 1,982 crore versus Rs 1,922 crore
EBITDA up 2.0% at Rs 240 crore versus Rs 235 crore
EBITDA Margin down 13 bps at 12.1% versus 12.2%
Net Profit down 82.2% at Rs 121 crore versus Rs 681 crore
Timex Group India Q3 (Standalone, YoY)
Revenue up 25.7% at Rs 151.3 crore versus Rs 120.4 crore
EBITDA up 127% at Rs 9.6 crore versus Rs 4.2 crore
EBITDA Margin up 280 bps at 6.3% versus 3.5%
Net Profit up 64.9% at Rs 3.2 crore versus Rs 1.9 crore
Lloyds Metals and Energy Q3 (Cons, QoQ)
Revenue up 38.5% at Rs 5,058 crore versus Rs 3,651 crore
EBITDA up 68.7% at Rs 1,759 crore versus Rs 1,043 crore
EBITDA Margin up 620 bps at 34.8% versus 28.6%
Net Profit up 82.9% at Rs 1,047 crore versus Rs 572 crore
ADF Foods Q3 (Cons, YoY)
Revenue up 29.5% at Rs 191.0 crore versus Rs 147.5 crore
EBITDA up 40.5% at Rs 37.1 crore versus Rs 26.4 crore
EBITDA Margin up 150 bps at 19.4% versus 17.9%
Net Profit up 19.1% at Rs 22.4 crore versus Rs 18.8 crore
Dishman Carbogen Q3 (Cons, YoY)
Revenue up 5.5% at Rs 719.8 crore versus Rs 682.3 crore
EBITDA down 19.3% at Rs 113.1 crore versus Rs 140.1 crore
EBITDA Margin down 490 bps at 15.7% versus 20.6%
Net Loss at Rs 13.0 crore versus Profit of Rs 4.6 crore
DAM Capital Advisors Q3 (Cons, QoQ)
Total income down 34.7% at Rs. 69.9 crore vs Rs 107 crore
Profit down 61.5% at Rs. 20.1 crore vs Rs. 52.2 crore
Dr. Agarwal’s Health Care Q3 (Cons, YoY)
Revenue up 23.0% at Rs 529.9 crore versus Rs 430.7 crore
EBITDA up 21.1% at Rs 155 crore versus Rs 128 crore
EBITDA Margin down 20 bps at 28.6% versus 28.8%
Net Profit up 54.5% at Rs 44 crore versus Rs 28 crore
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Business Update
IEX achieves highest ever monthly electricity traded volume.
Electricity traded volume stood at 13,050 MU in Jan 2025, up 19.6% YoY.
The company achieves monthly volume of 4,638 MU in RTM, up 52.8% YoY.
Avg DAM & RTM prices lower by 12.9% YoY & 15.9% YoY respectively.
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Technically
Nifty 50 formed a big red candle on the daily charts after a gap-up opening, but the gap between 25,108 and 25,641 remained unfilled on a closing basis, signalling a healthy trend. The index climbed above all key moving averages, with short-term moving averages trending upward. The RSI rose to 53.72, and the Stochastic RSI turned positive, while the MACD also showed a bullish crossover with a green histogram bar. All these indicators suggest strengthening momentum despite some profit-taking.
Bank Nifty also formed a long bearish candle after a strong opening, but the gap between 58,687 and 59,793 remained unfilled at the close. The index sustained above the falling support trendline (which previously acted as resistance) and also held well above all key moving averages, with short-term moving averages starting to trend upward. The RSI rose to 55.82, while the MACD inclined upward, though it remained below the reference and zero lines. The weakness in the histogram also faded. All these signals indicate improving underlying strength in the banking index.
