
tock Market Today | Stock Market Updates - Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 13 February 2026
Among the Sensex constituents, Hindustan Unilever, Eternal, Titan, Tata Steel, Adani Ports, Tata Consultancy Services, PowerGrid, Reliance Industries, Bharat Electronics Ltd, Asian Paints, Mahindra & Mahindra, HDFC Bank and HCL Technologies were the major laggards. On the other hand, Bajaj Finance and State Bank of India were the only gainers.
“Domestic equities ended lower following a highly volatile session, weighed down by weak global cues ahead of the upcoming US inflation data.
“Sentiment gains from the US-India trade deal have faded as renewed AI-driven disruption fears weigh on risk appetite, with markets worrying that Indian IT firms dependent on the labour arbitrage model may face tougher competitive pressure than their Nasdaq peers,” Vinod Nair, Head of Research, Geojit Investments Ltd, said.
Top indicators for today’s trade:
Benchmarks under pressure: Sensex plunges 1048 pts to close at 82,626.76, Nifty 50 slumps 336 pts to 25,471
IT index extends slide: Nifty IT declines 1.44%, following Thursday’s sharp 4.72% fall — its worst single-day drop in 10 months; Coforge, TCS, Infosys and Wipro among key losers.
Global tech rout impact: Strong US jobs data dampened rate-cut hopes, while a 2% Nasdaq fall intensified valuation concerns for technology stocks globally.
AI disruption debate deepens: Brokerages flagged incumbency risks for Indian IT firms, though some analysts believe AI could ultimately expand demand despite near-term margin pressure.
Broad-based weakness: Market breadth remained negative with midcap and smallcap indices down over 1%; 2,700+ stocks declined on the BSE, reflecting risk-off sentiment.
- February 13, 2026 16:51
Stock market
Stock market live updates today: Sensex tanks 1048 points to 82,626 on selling in metal, IT stocks; Nifty sinks 336 points
Benchmark equity indices Sensex and Nifty tumbled more than 1 per cent on Friday due to an across-the-board sell-off, especially in metal, IT and commodity stocks, tracking sluggish global markets.
In a volatile session, the 30-share BSE Sensex tumbled 1,048.16 points, or 1.25 per cent, to close at 82,626.76. During the day, the benchmark tanked 1,140.37 points, or 1.36 per cent, to hit an intraday low of 82,534.55.
- February 13, 2026 16:39
Industryupdate
Q3 results: EID Parry consolidated Q3 PAT rises 19%, standalone revenue declines as sector awaits MSP rise
EID Parry reported consolidated net profit of ₹232 crore for the quarter ended December 2025 (Q3FY26), up 19 per cent from ₹195 crore in the same quarter last year. The consolidated revenue from operations for the quarter was ₹10,316 crore as compared to ₹8,720 crore in the corresponding quarter of the previous year. Lower sales volume and cost pressures marked the quarter.
- February 13, 2026 16:21
Q3 results: NBCC (India) reported standalone net profit for the quarter ended December 2025 at Rs 196.60 crore as against Rs 128.59 crore in the same quarter last year.
- February 13, 2026 16:21
Industryupdate
Q3 results: Inox Green Energy Services reported standalone net profit for the quarter ended December 2025 at Rs 24.60 crore as against Rs 12.16 crore in the same quarter last year.
- February 13, 2026 16:20
Economy
Stock market live updates today: Rupee falls 3 paise to close at 90.64 against US dollar
The rupee consolidated in a narrow range and settled for the day 3 paise lower at 90.64 (provisional) against the US dollar on Friday, tracking the strength of the American currency in the overseas market and a negative trend in domestic equities.
Forex traders said the rupee traded in a narrow range with a weakening bias as a firm dollar limited the upside for emerging market currencies, including the rupee.
- February 13, 2026 16:08
Industryupdate
Q3 results: Siemens Energy India posts ₹313 cr profit for December quarter
Siemens Energy India Ltd (SEIL) on Friday posted 35 per cent rise in net profit at ₹313 crore for December quarter 2025, supported by rise in revenues.
It had logged a net profit of ₹232 crore in the October-December period of 2024, the company said in a statement.
- February 13, 2026 15:52
Industryupdate
Q3 results: Alkem Laboratories Q3 net profit rises 1.9% at ₹653.03 cr, to acquire 55% stake in Occlutech
Alkem Laboratories Ltd on Friday reported a 1.9 per cent rise in consolidated net profit at ₹653.03 crore in the third quarter ended December 31, 2025 on account of impact of new labour codes.
- February 13, 2026 15:40
Stock market live updates today: Sensex plunged 1048.16 pts or 1.25% to close at 82,626.76, and Nifty 50 slumped by 336.10 pts or 1.3% to 25,471.10.
- February 13, 2026 15:39
Industryupdate
Q3 results: Yuken India net profit down
Yuken India reported standalone net profit for the quarter ended December 2025 at Rs 1.74 crore, compared to Rs 2.46 crore in the same quarter last year.
Shares down 3.5% on the NSE to Rs 756.80.
- February 13, 2026 15:38
Commodities
Gold update: L&T Finance scales gold loan footprint to over 260 branches
L&T Finance Ltd has doubled its Gold Loan branch network to over 260 branches nationwide. This rapid expansion was marked by the launch of its 130th new branch earlier this month since the acquisition of the gold loan business in June 2025.
- February 13, 2026 15:34
Industryupdate
Q3 results: Jash Engineering net profit dips
Jash Engineering standalone net profit in the quarter ended December 2025 stood at Rs 14.26 crore compared to Rs 16.55 crore in the same quarter last year.
Shares fell 4% on the NSE to Rs 389.
- February 13, 2026 15:15
Nippon India ETF Gold BeES ranks 6th globally with $912 million inflows - World Gold Council
- Only Indian Gold ETFs in Top 10 Worldwide
- Total net inflows into the top 15 global Gold ETFs in January 2026 amounted to approximately USD 14.75 billion.
- India emerged as a key contributor to global Gold ETF flows
- Despite a relatively smaller ETF market, India stood out for the pace of growth and breadth of investor participation
- February 13, 2026 15:13
NCL Industries reports ₹13.25 crore net profit for the quarter ended December 2025
NCL Industries standalone reported net profit for the quarter ended December 2025 at Rs 13.25 crore compared to Rs 3.35 crore in the same quarter last year.
Board declared interim dividend of Rs 1.50 per share.
Shares up 1% on the NSE to Rs 194
- February 13, 2026 15:13
FII Buying Reflects Improving Sentiment, but Sustained Inflows Hinge on Trade Clarity and Earnings
Here is the view from Akhil Puri, Partner at Financial Advisory, Forvis Mazars India
After three months of steady outflows, FIIs have turned net buyers in February, investing nearly $1.7 billion in Indian equities. While this reflects improving sentiment, it may be premature to view it as a sustained return of foreign flows.
Optimism around the evolving India–US trade framework has aided the shift, but key elements are still being negotiated. These include the depth of tariff cuts for sectors such as textiles and auto components, the scope and timeline of India’s proposed $500 billion purchase of US goods, digital trade rules, phased market access for select agricultural and industrial products, and reduction of non-tariff barriers. The final terms will determine the real earnings impact, and part of the optimism may already be priced in.
A stronger fundamental driver could be the expected rise in corporate earnings in Q4 FY2026. Benefits from the 2025 GST rationalisation, softer commodity prices, higher capacity utilisation, continued government capex, and improving rural demand may support margins and growth.
Sustained FII inflows will ultimately depend on earnings delivery, policy clarity, and India’s resilience amid global geopolitical uncertainties.
- February 13, 2026 15:08
Kamdhenu reports ₹20.80 crore net profit for the quarter ended December 2025
Kamdhenu reported net profit for the quarter ended December 2025 at Rs 20.80 crore compared to Rs 12.45 crore in the same quarter last year.
Board approved investment of Rs 20 crore in Kamdhenu Ventures.
- February 13, 2026 14:59
Vijaya Diagnostic Centre's Q3 net profit stands at ₹44.21 crore
Vijaya Diagnostic Centre reported standalone net profit for the quarter ended December 2025 at Rs 44.21 crore compared to Rs 33.72 crore in the same quarter last year.
Shares traded at Rs 984.50 on the NSE, down 1%
- February 13, 2026 14:56
Goodluck India reports a net profit of ₹43.46 crore in Q3 FY26
Goodluck India reported standalone net profit for the quarter ended December 2025 at Rs 43.46 crore compared to Rs 40.08 crore in the same quarter last year.
Shares traded at Rs 1,096 on the NSE, down over 2%.
- February 13, 2026 14:44
Alkem Labs' Q3 FY26 net profit at ₹622.14 crore
Hindustan Oil Exploration Company board approved standalone net profit for the quarter ended December 2025 at Rs 11.95 crore compared to Rs 4.96 crore in the same quarter last year.
Shares traded 3% lower on the NSE at Rs 147.20
- February 13, 2026 14:30
Alkem Laboratories posts ₹622.14 crore net profit for the quarter ended December 2025
Alkem Laboratories posted standalone net profit for the quarter ended December 2025 at Rs 622.14 crore compared to Rs 723.12 crore in the same quarter last year.
Declared interim dividend of Rs 43 per share.
Shares slump 7% on the NSE to Rs 5,447.50.
- February 13, 2026 14:29
IPCA Lab reports ₹303.45 crore net profit for the quarter ended December 2025
IPCA Lab reported standalone net profit for the quarter ended December 2025 at Rs 303.45 crore compared to Rs 267.66 crore in the same quarter last year.
Shares flat on the NSE at Rs 1,487.50
- February 13, 2026 14:27
Stock market live: APL Apollo Tubes board approved issuance of Commercial Paper Of Rs 100 Crores
- February 13, 2026 14:23
Akem Medtech Pvt Ltd, a wholly owned subsidiary of Alkem Laboratories in India, offers to acquire at least 51% and upto 55% of issued share capital of M/s. Occlutech Holding AG
- February 13, 2026 14:21
Stock Markets Live: Reliance wins US licence for Venezuelan oil, sources say
- February 13, 2026 14:20
Siemens Energy India Q3 Results: Net profit rises to ₹312.9 crore from ₹231.7 crore in the same quarter last year
Board approved investment of Rs 2,060 cr towards new power transformer factory.
Shares rose 2% on the NSE to Rs 2,797.20
- February 13, 2026 14:19
Why “Software Is Dead” is an over-stretched argument: TrustLine Holdings CEO N. ArunaGiri talks about AI's impact on IT services
“There are currently two sharply contrasting views on the impact of AI in the IT services and software space.
On the more pessimistic side, the argument is that AI will enable enterprises to develop software in-house with significantly less effort. If that happens, the need for external IT services providers and even SaaS businesses could materially decline. In its extreme form, this view suggests a structural erosion of business models of traditional IT services and software providers.
However, a more balanced and in our view, more probable scenario looks completely different.
AI is likely to dramatically compress the software development lifecycle. By reducing coding time, lowering migration costs, and simplifying legacy modernization, AI can significantly increase productivity. Rather than shrinking demand, this could expand it. Lower costs and faster execution may unlock a much larger volume of projects across enterprises and consumers.
In this scenario, migration costs decline, Legacy upgrade costs reduce, Time-to-market shortens, and productivity increases meaningfully. As a result, previously deferred or economically unviable projects may become viable. This could trigger a second-order explosion in demand for software tools, enterprise solutions, and implementation services.
The view that software or IT services are structurally obsolete appears overstretched, particularly in the enterprise segment which run mission critical multilocational and highly secure applications.
Large enterprises operate in highly complex environments characterized by Deep legacy, software stacks, Stringent regulatory environments, Multi-location and multi-country infrastructure, Mission-critical systems requiring reliability and a high level of security and governance.
These environments are unlikely to transition fully to self-built AI-generated systems without expert oversight. Specialized IT service providers and software vendors will continue to play a critical role in integration, compliance, architecture, and large-scale transformation.
From today’s vantage point, it is more reasonable to expect the second scenario to unfold over time AI reduces development cycles, Demand for software and services expands, and Integration services for mission-critical Enterprise applications explode.
This is the likely scenario that is likely to play out once the dust settles. Even if IT services companies emerge as long-term beneficiaries, growth rates may moderate and pricing power could weaken due to the inherently deflationary nature of AI-driven productivity gains.
In the context of the current correction in IT stocks, one needs to keep this balanced view and take a stock-specific approach.
The most compelling opportunities are likely to be Companies deeply entrenched in mission-critical enterprise systems, Vendors with high switching costs and strong client integration, Businesses operating in regulated or complex environments. In short, in the current IT melt-down, instead of taking an universal buy-on-dips approach, take a prudent selective and stock-specific approach based on underlying business models.”
- February 13, 2026 14:16
Lupin Q3 profit jumps 37% buoyed by US performance
- February 13, 2026 14:15
Stock Markets Live: Silverline Technologies to raise ₹80 cr growth capital
- February 13, 2026 13:56
Santosh Meena, Head of Research at Swastika Investmart, on the AI rout in the markets
Healthy Pullback or Start of Deeper Correction? IT Slump Raises Questions
What is triggering today’s correction?
Today’s correction is primarily driven by a sharp sell-off in the IT sector, with the NIFTY IT declining nearly 5% and extending its multi-day losses. The weakness is largely attributed to rising global concerns around AI-led disruption, particularly after advancements by Anthropic, which have intensified fears that traditional, labor-intensive IT services models could face structural challenges. The pressure was further amplified by weak cues from US technology stocks, diminishing hopes of near-term Fed rate cuts following stronger-than-expected US jobs data, profit booking after the recent market upmove, and broad-based weakness in metals and other cyclical sectors. Overall, the correction reflects a mix of global uncertainty and sector-specific concerns rather than domestic structural weakness.
Is this a healthy pullback or the start of deeper consolidation?
At this stage, it appears to be a healthy pullback within an ongoing uptrend, but it could have more legs in the near term. The key risk lies in the vulnerability of US markets, which are showing signs of a potentially deeper correction. Given the strong global correlation, any sustained weakness there could spill over into Indian equities. From a technical standpoint, 25,500–25,400 is a crucial support zone for NIFTY 50. A decisive break below this zone could open the possibility of revisiting the Budget Day low around 24,500. Unless these levels are breached convincingly, the broader structure remains constructive.
What strategy should investors adopt at current levels?
The medium- to long-term outlook for Indian equities remains structurally bullish, supported by strong domestic macros, earnings resilience, and improving fundamentals. However, with global cues turning uncertain, investors should adopt a measured and phased approach: Avoid aggressive lump-sum buying at current levels. Gradually accumulate high-quality stocks with strong earnings visibility and robust balance sheets. Maintain some cash to deploy in case of a deeper correction driven by global volatility. Any meaningful correction triggered by external factors should be viewed as a strategic buying opportunity, not a reason to panic.
- February 13, 2026 13:40
Stock Markets Live: HCLTech announces launch of enhanced version of its Fluid Contact Center solution in collaboration with Cisco
- February 13, 2026 13:39
Blue Jet Healthcare Q3 Results: Net profit drops to ₹40.2 crore from ₹98.9 crore in the same quarter last year; shares fall 7% on the NSE to ₹411.10
- February 13, 2026 13:38
Kirloskar Industries Q3 FY26 Results: Standalone net profit at ₹6.21 crore, down from ₹6.58 crore in the same quarter last year
Kirloskar Industries shares fell over 3% on the NSE to Rs 3,185.
- February 13, 2026 13:36
Stock Markets Live: Info Edge (India) / Naukri reports standalone net profit for Q3 FY26 at ₹246.45 crore
Info Edge (India) / Naukri reported standalone net profit for the quarter ended December 2025 at Rs 246.45 crore compared to Rs 200.2 crore in the same quarter last year.
Shares traded at Rs 1,130.90 on the NSE, down 2%.
- February 13, 2026 13:35
Stock in focus: Inox India shares rise nearly 4% to ₹1,186.20 on the NSE
Its standalone net profit for the quarter ended December 2025 stood at Rs 59.10 crore compared to Rs 57.31 crore in the same quarter last year.
- February 13, 2026 13:34
Stock Markets Live: ACME Solar awarded LOA for 220 MW Solar + BESS project by RUMSL in Madhya Pradesh
- February 13, 2026 13:29
Mid-day updates: IT sector rout drags Sensex below 83,000 as AI disruption fears deepen
- February 13, 2026 12:59
Stock Markets Live: Intellect Design launches Purple Fabric AI platform as ‘AI on Tap’ at ₹99,500/month for enterprises
Intellect Design Arena Ltd. announced that Purple Fabric, India’s Judgment-Centric full-stack Open Business Impact AI platform, is now available as an Enterprise AI on Tap at ₹99,500 per month, enabling up to 50 users to deploy and scale Business Impact AI without the traditional infrastructure burden.
- February 13, 2026 12:53
Sanjay Kumar, CEO & MD, Rassense, on CPI Data of January 2026
“The spike in retail inflation during January 2026 is majorly due the rise in food prices along with alterations in components with 2023-24 as the base. Technically, it is a good sign that in-spite of the changes, inflationary trend has remained well-within the comfort band of the RBI.
This will help sustain household purchasing power and confidence, supporting continued spending on essential and discretionary good alike, keeping the pricing dynamics balanced. While this can be taken positively, it is critical to be watchful of how the situation takes shape as we proceed further into 2026, especially in the wake of economic volatilities due to global headwinds.”
- February 13, 2026 12:52
Tata Elxsi, Tata Technologies, Persistent Systems still trade at lofty multiples amidst IT rout
- February 13, 2026 12:39
Stock in focus: Coal India drops over 2% as Q3 net profit falls 16% to ₹7,165.98 crore
Coal India shares declined over 2% to Rs 409.70 following a nearly 16% fall in its consolidated net profit to ₹7,165.98 crore for the third quarter this fiscal.
- February 13, 2026 12:32
Global cues: South Korean shares post best week in more than five years on AI rally
South Korean shares closed lower on Friday on profit-booking ahead of a long holiday weekend, but still posted their biggest weekly gain in more than five years helped by a rally in artificial intelligence-linked stocks. The benchmark KOSPI closed down 15.26 points, or 0.28%, at 5,507.01, after rising as much as 1.1% earlier in the day to hit a record high. - Reuters
- February 13, 2026 12:31
Global cues: Japan's Nikkei tracks Wall Street decline, SoftBank Group tanks nearly 9%
Japan’s Nikkei share average fell on Friday, weighed down by overnight losses on Wall Street, with SoftBank Group leading the decline, down nearly 9%.
The Nikkei fell 1.21% to 56,941.97, but it rose 5% for the week in its second consecutive weekly gain.
The broader Topix slipped 1.63% to 3,818.85 and rose 3.2% for the week. - Reuters
- February 13, 2026 12:26
Stock Markets Live: Bharat Rasayan slips 2% despite higher Q3 net profit at ₹33.99 crore
Bharat Rasayan shares declined on the NSE by 2% to Rs 1,718. The company posted a standalone net profit for the quarter ended December 2025 at Rs 33.99 crore compared to Rs 29.69 crore in the same quarter last year.
- February 13, 2026 11:50
Commodities update: India’s palm oil imports jump 51% in January, soyoil and sunflower oil decline
- February 13, 2026 11:45
Urban Co-operative Banks Expand Credit Role as Outstanding Balances Almost Double in Five Years
83% of credit concentrated across eight products with commercial loans accounting for the largest share at 30%.
Portfolio growth reflects increasing retail and small-business activity, with asset-quality metrics showing improvement.
Mumbai, India, 13 February 2026 – Urban Co-operative Banks (UCBs) are strengthening their position in India’s credit ecosystem, supported by steady balance growth, improving asset quality, and rising demand across both retail and small business segments.
Outstanding credit balances of UCBs stood at ₹3.4 lakh crore as of September 2025, representing a 1.9x increase over the last five years, according to Sahakaar Trends, a joint publication by the National Urban Co-operative Finance and Development Corporation (NUCFDC) and TransUnion CIBIL, India’s pioneer information and insights company.
While UCBs continue to hold a modest share of overall industry credit at around 1.8%, the data shows a system that is expanding in scale while adapting to changing borrower profiles, competitive dynamics, and regulatory expectations.
- February 13, 2026 11:45
Stock market live: FII selling streak ends with $1.7 billion inflow; sustainability hinges on global cue
Pranay Aggarwal, Director and CEO of Stoxkart on FII Selling Streak Ends; Sustainability Hinges on Global Cues
Foreign Institutional Investors have started returning to Indian equities after three consecutive months of sustained selling, with inflows of nearly $1.7 billion so far in February. The clarity surrounding the India–US trade deal has played an important role in improving risk sentiment and reducing policy uncertainty, which has encouraged this shift. However, this appears to be a cautious reallocation rather than a decisive structural reversal.
While the recent buying signals improving confidence, overall flows for the year remain negative, and the sustainability of inflows will largely depend on global factors such as US interest rates, bond yields, dollar movement, earnings growth, and domestic valuations. The India–US trade agreement itself seems largely priced in, as markets have already rallied on tariff clarity and reduced downside risks. Going forward, FII participation is likely to remain selective and somewhat volatile, rather than translating into a consistent and aggressive buying cycle.
- February 13, 2026 11:43
Brokerages on Adai Ports, Lupin, Petronet, LG Electronics
Bernstein on Adani Ports
Maintain Outperform with target price of ₹1,747
Logistics the next growth engine
Continues to be among top 3 preferred stocks
Remain watchful of developments in US and Mundra extension, but on fundamentals the company is on solid ground
Already handling ~50% of containers coming/going out of India
Grown volume at 15% CAGR last 10 years
Plan to handle cargo for longer-deeper in the supply chain
This will drive strong pricing power in the long term by handling cargo end-to-end
Despite higher container mix and better returns, trades at a discount to JSW Infra
Jefferies on Petronet LNG
Recommendation Underperform; Target ₹200, Earlier target ₹225
December-25 review: Weak print; capital allocation worry
Capacity expansion at Dahej by March 26 has little committed offtake as of now
Progress on PDHPP project has been slow
Proceeding with LNG terminal on East Coast where it faces stiff competition
Cut FY26-27E EBITDA 8%/6% on the miss and lower marketing margins
Morgan Stanley on Lupin
Recommendation Equal-weight, Target ₹2,211
Another strong quarter
Q3 performance led by strong US
Believe total India growth was dragged down by institutional business
Company launched three new brands during the quarter
Motilal Oswal on LG Electronics India
Maintain Buy with target price of ₹1,770
Earnings miss; demand momentum improving in 4Q
Management indicated 3Q margin pressure was temporary due to seasonal revenue softness, operating deleverage in compressor-based products, higher raw material costs and currency depreciation
Maintain EPS estimates for FY26–FY28
Estimate revenue/EBITDA/PAT CAGR at 10%/20%/21% over FY26–28
Estimate H&A segment revenue CAGR of ~11% over FY26–28
- February 13, 2026 11:43
Sectoral outlook: JPMorgan on IT sector
AI fears driving a sharp correction
IT firms remain the plumbers of the technology world
Advances such as Claude code’s Cowork plugin can meaningfully accelerate complex tasks
Agentic AI can write a lot more software
Definitely foresee partnerships among AI tool firms and IT services firms that can create several new areas of work
AI will be another tool to address more work with the same budget like offshore labor, enterprise software, cloud have been in the past
Reverse DCF suggests stocks bake in 4% terminal growth at current prices with no short-term acceleration
Only case with >30% further downside is companies hit 0 terminal growth with no growth hereafter
Both scenarios appear overly pessimistic given new AI work streams and likely cyclical recovery
FCF/Div yields scream deep value and are crossing levels prior seen during GFC and COVID
Take a barbell approach to buy deep value in large caps
Overweight on Infosys, TCS, Persistent and Sagility
- February 13, 2026 11:42
Sectoral recommendation: Goldman Sachs on India aerospace & defence
DAC approves defence procurement proposals worth ₹3.6 tn
FY26 AoN at ₹6.9 tn, ~3x FY25 and above prior peak
Procurement skewed towards IAF and foreign sourcing (Rafale MRFA ~₹3.25 tn)
BEL, PTC Industries, Azad Engineering key beneficiaries
Missiles/electronics could benefit BDL, Astra Microwave, Data Patterns
- February 13, 2026 11:42
Stock recommendation: Citi on CIL, Max Financial
Citi on Coal India
Maintains Neutral rating with a raised target price of ₹415 (from ₹370)
3Q EBITDA down 14% YoY on lower volumes (-3%) and weaker realizations (-2%)
E-auction realizations fell 2% QoQ; blended realizations down YoY
Third interim dividend of ₹5.25/share declared
Upside limited due to weak volume visibility; maintain Neutral
Citi on Max Financial Services
Maintains Buy rating with a raised target price of ₹2,675 (from ₹2,050)
3Q VNB up 35% YoY; VNB margin expanded to 24.1%
Growth driven by Axis partnership and proprietary channels
GST impact largely absorbed; operating metrics remain strong
Re-rating supported by improved medium-term growth visibility
- February 13, 2026 11:41
Stock recommendation: Brokerages on Honasa
HSBC on Honasa
Reduce, TP Rs 260
delivered robust Q3FY26 results with a 30% EBITDA beat and Mamaearth (ME) growth in teens (base still low
Raise EBITDA margin estimates on accelerated delivery, leading to 7-18% EPS increase in FY26-28e
Margin improvement impressive but growth delivery key
Jefferies on Honasa
Buy, TP Rs 500
Reported an even better 3Q with Mamaearth growth in teens and nearly twice that in younger brands.
Interestingly, this comes alongside margin expansion.
Mgmt sounded confident in its outlook for growth & margins.
Honasa’s journey has been bumpy, but co is steadily emerging from this, which should also restore investor confidence
Raise earnings sharply
Goldman Sachs on Honasa Consumer
Maintains Neutral rating with a raised target price of ₹330 (from ₹300)
3Q revenue beat by ~4%; EBITDA margin at 10.9%, +240 bps vs est
Growth led by younger brands; offline revamp showing results
A&P normalization to drive ~100 bps annual margin expansion
EPS raised for FY26–28 on better profitability
- February 13, 2026 11:41
Stock recommendation: Brokerages on Bharat forge
Jefferies on Bharat forge
Upgrade to Buy from U-P, TP raised to Rs 2150
Q3 EBITDA grew 18% YoY (4% above JEFe) led by better performance of subsidiaries.
BHFC’s operational outlook is improving with signs of US truck cycle bottoming, better truck demand in India, easing of India-US tariff & continued traction in defense
Upgrade FY27-28 EPS by 4-18%, & expect EPS growth to accelerate from 12% CAGR over FY24-26E to 33% CAGR over FY26-28E.
CITI on Bharat Forge
Sell, TP Rs 930
3Q below estimate due to weaker exports revenue .
Mgmt called out weakness in NA Trucks segment (down 51% YoY), but outlook is very buoyant –
Mgmt. is optimistic about exports as well as domestic segments.
Mgmt is very positive about defence segment and expects 30-40%YoY growth in FY27, & alluded to 18-20% growth over medium term
Order wins in 3Q were Rs23.9bn (inc defense order of Rs18.8).
Aerospace segment is also witnessing continued strong traction
Remain cautious; valuations at 49x/40x FY27/28 P/E (consensus) adequately price-in positives but provide little room for error.
CLSA on Bharat Forge
Upgrade to Hold, TP raised to Rs 1705
Believe cycle is turning positively for Co driven by
an improvement in the domestic outlook on the back of the domestic CV upcycle and execution on the defence orderbook
a revival in the export market led by a reduction in US tariffs, improving freight rates driving higher class 8 truck orders and CV inventory normalisation
Lift target PE multiple from 25x to 30x on back of an improved outlook on exports, domestic CV and defence business
Raise FY27/28CL EPS by 15%/13% as increase export/domestic CV & defence/aerospace revenue
Nomura on Bharat Forge
Neutral, TP Rs 1884
3Q revenue ahead led by defense
Trade deal a key positive for future outlook
STK trades at 19x FY28F EV/EBITDA, & 31x FY28F P/E, which believe are in fair value zone
INCRED on Bharat Forge
Hold, TP Rs 1843
3Q standalone EPS growth of 6% qoq was above our estimate, but in line with Bloomberg consensus estimate. India sales growth of 24% yoy is impressive.
Early signs of US class-8 truck new order improvement & US-India trade deal provide hope of strong export recovery soon.
Raise EPS estimates by 2-4%.
Recent rally makes the risk-reward ratio unfavourable
- February 13, 2026 11:40
Stock recommendation: Brokerages on Muthoot Fin
Jefferies on Muthoot fin
Buy, TP Rs 4750
Q3 PAT grew 98%YoY to Rs27bn vs. Rs23bn est. led by interest income write backs.
Standalone AUM grew 51% YoY, but missed est. due to lower LTV and QoQ dip in tonnage.
Core NIMs fell QoQ; opex/ AUM & credit cost surprised positively.
Strong gold prices, LTV buffer, easing of branch expansion norms should support healthy AUM growth
This along with steady NIMs, lower opex/ AUM & credit costs should drive 17% EPS CAGR, 25%+ ROE over FY26-28e
CLSA on Muthoot Fin
O-P, TP Rs 4600
Another strong quarter as 3QFY26 NII/PPOP/PAT beat our estimates by 6%-8%. Loan growth of 11% QoQ/51% YoY was c.2ppt above our estimate.
More interestingly is its calculated loan yield expanded QoQ, despite a higher base.
This was driven by continued interest recoveries, which also contributed to the earnings beat.
As a result, its topline grew 13% QoQ. As we highlighted in previous reports, its business model has inherent operating leverage due to the large-fixed costs in the business.
Total Opex, adjusted for the Rs480m one-off labour code impact, was flat QoQ.
Only negative for quarter was 2% sequential decline in tonnage & slowdown in customer acquisitions
- February 13, 2026 11:40
Stock recommendation: JPM on Info Edge
Upgrade to OW, TP Rs 1500
Core EV/EBitda multiple has de-rated to 21x/18x 1Y/2Y fwd from 30x/25x two months ago.
Indeed, core classifieds business ex-Eternal/PB Fintech has corrected 26% in last 2M vs Nifty IT -8%
Expect Naukri’s billing momentum to gradually improve in FY27 to 13% growth vs 11% in FY26E along with some margin expansion.
While IT remains soft now contributes only 28% of Naukri billings while GCCs and non-IT are growing faster.
Naukri Jobspeak index does show acceleration on a rolling 3 month basis in Jan’26
- February 13, 2026 11:39
Stock recommendation: MS on Bharti Airtel
Morgan Stanley Adds Bharti Airtel to APxJ & GEM Focus Lists, replacing with Bajaj Finance
Like for its strong execution & free cash flow generation
MS team believe industry repair phase rising ARPUs will continue, reaffirmed by recent developments around improving monetization in tariff plans
They expect ARPUs to grow by mid-single digits (even without any further tariff support post 2026).
Team sees EBITDA rising by high-single to low-double digits for mobile wireless business, & 14% for overall India biz
Believe India is in a sweet spot in terms of capex cycle.
Core India (ex passive infra) one-year forward EV/ EBITDA multiple is 14x.
Premium multiples are likely to be sustained over the next 12 months as return ratios for core business likely reach 20% by F2028.
- February 13, 2026 11:39
Stock recommendation: Brokerages on HAL
Nomura on HAL
Buy, TP Rs 6000
Strong operating performance, beats est.
LCA delivery is a key catalyst in near term; expect a 23% PAT CAGR over FY25-28F
Five LCA Mk1A aircraft ready for delivery; nine more built and flown
Despite AMCA hiccups, execution visibility remains robust, in our view
Trades at 21x FY28F EPS
Jefferies on HAL
Buy, TP Rs 6220
40% discount to BEL; execution delay priced in
Q3 EBITDA was 5% above estimates as revenue was a 3% beat & margins were flat YoY at 24.3% vs expectations of a 30 bps dip.
9M revenues were up 11% YoY vs management guidance of 8-10% growth
Believe delivery of first Batch of Tejas Mk1A aircraft in next six months is enough for a stock re-rating
Downside from current levels is limited
CLSA on HAL
O-P TP Rs 5436
3Q PAT ahead on higher top-line growth on delivery of engines, helicopters and treasury income, while margins also expanded.
Its 1H cash pile rose to US$4.5bn, up 55%YoY, driving treasury income up 45% YoY.
Its decadal pipeline remains healthy at US$66bn ex-AMCA 1.0
See recent large fighter aircraft order & visibility on GE engine co-production deal as key catalysts
MS on HAL
UW, TP Rs 3355
Posted adjusted revenue, EBITDA and PAT growth of 11%, 11% and 29%, respectively; +2%, -3% and +1% vs. MSe
Gross margin was 53.6% (MSe: 54.6%)
EBITDA margin was 24.3% (MSe: 25.1%), due mainly to lower gross margin and higher employee costs, partly offset by lower provisions (4.2% of revenue, MSe: 7%)
Other income of Rs9.1bn (+45% yoy) was 11% above MSe
- February 13, 2026 11:38
Stock recommendation: Brokerages on Indian Hotels
Jefferies on Indian Hotels
Buy, TP Rs 900
IHCL clocked DecQ Rev/EBITDA/PAT growth at 12-15% YoY; EBITDA was slight miss on one-off M&A related expenses.
Growth was led by both RevPar (+9% YoY) and new biz.
Operational/Pipeline room inventory jumped sharply on recent M&A integration.
Mgmt expects rev growth to track in low teens in Mar-Q and beyond led by steady high single digit RevPAR & not LFL growth levers
MS on Indian Hotels
EW, TP Rs 780
F3Q26 RevPAR growth of 7% YoY & co is seeing double-digit growth so far in F4Q26.
Beyond RevPAR, top-line growth will also be driven by management fees, new business and recent acquisitions.
IHCL is well run franchise, with sector leading ROCE.
Limited valuation headroom keeps us EW
- February 13, 2026 11:38
Stock recommendation: Brokerages on Hindustan Unilever
Goldman Sachs on Hindustan Unilever
Maintains Buy rating with a revised target price of ₹2,750 (cut from ₹2,800)
Underlying volume growth at ~4%, highest in 12 quarters
Home care pressures easing; Foods seeing broad-based recovery
Quick commerce growing ~100% YoY, now ~3% of sales
EPS trimmed to reflect gradual, not sharp, recovery
HSBC on HUL
Hold, TP Rs 2650
Q3 saw 4% underlying volume growth and slight beat on EBITDA; demand trends improving gradually
HUL growth’s guidance for FY27 only mentioned being better than FY26; build 8% vs 4% (adj for demerger) in FY26
FY27e EPS cut by 4% on lower growth and other income
Jefferies on HUL
Buy. TP Rs 2850
HUL mgmt struck a confident tone on its outlook.
Importantly, mgmt. outlined initiatives focused on speed, agility, and customisation under ‘Unified India’ strategy.
There is also a push toward portfolio transformation, with an intent to take fewer but higher-impact bets.
That said, 3Q was broadly in line with UVG at 4%.
While like the strategic direction & commentary, stock is likely to remain range-bound until growth pick-up is visible.
- February 13, 2026 11:38
Stock recommendation: Brokerages on Hindalco
HSBC on Hindalco
Buy, TP Rs 1210
Underlying earnings robust and should continue to improve
Large net debt increase partly driven by higher working capital in India, which should reverse
South32 aluminium production cut guidance highlights tight market
Jefferies on Hindalco
Hold, TP Rs 890
Q3 EBITDA, even after adjusting for fire incident at Novelis, fell 10% QoQ (inline with JEFe).
India business EBITDA rose 7% QoQ, but was 5% below JEFe primarily led by weaker-than-expected performance
of aluminum business
Raise FY27-28 EPS by 6% on higher aluminum prices, but are concerned on multiple fire incidents clouding Novelis’ operational outlook as well as rising debt levels
Citi on Hindalco Industries
Downgrades to Neutral from Buy with a raised target price of ₹1,000 (from ₹920)
Novelis EBITDA impacted by Oswego fire; recovery timeline uncertain
India aluminium business remains strong
Higher leverage and cash flow risks offset structural aluminium bull case
Risk-reward now balanced; downgrade to Neutral
CLSA on Hindalco
O-P, TP Rs 1035
Co’s India aluminium profitability was weighed down by slightly higher cost of production (COP), lower alumina/downstream profitability and negative hedging impact
Expect this to rise in subsequent quarters, & see a step jump over medium term as captive mines kick in.
Consolidated net debt increased Rs180bn QoQ to Rs594bn on fire impact at Novelis & higher working capital for copper (which is likely to reverse in 4Q)
Believe post Bay Minette commissioning, coinciding with insurance receipts, leverage is likely to drop from end-FY27
Hindalco remains committed to cap net debt to Ebitda at less than 2x.
- February 13, 2026 11:37
Citi on Indian IT services
Why is this cycle different (vs. Cloud/SaaS)?
Unlike the move to the Cloud, this AI shift has unique challenges:
Incumbency Risk: Indian IT has doubled in size since the Cloud era. It is now the “dominant player” being disrupted, rather than the strong challenger
Cloud impacted infrastructure; AI impact is more pervasive
New Rev streams are small, exploratory (not able to offset the loss in traditional work)
Citi has a cautious view on the sector
- February 13, 2026 11:23
Sectoral trends: India auto sales: passenger vehicle dispatches rise 13%, two-wheelers up 26% in January
- February 13, 2026 11:22
IPO updates: Gaudium IVF and Women Health to float IPO on Feb 20
- February 13, 2026 11:15
Stock Markets Live: Bharat Forge hits 52-week high; trades up 2% as Q3 revenue rises 7% QoQ to ₹2,084 crore
Bharat Forge shares hit 52-week high on the NSE at Rs 1,784.20. At 11.06 am, it traded 2% positive at Rs 1,767.50. On a standalone basis, revenue rose 7 per cent quarter-on-quarter (QoQ) to ₹2,084 crore, while EBITDA increased 4.6 per cent to ₹569 crore.
- February 13, 2026 11:09
Bharat Forge hits 52-week high on 7% q-o-q revenue growth
Bharat Forge shares hit 52-week high on the NSE at Rs 1,784.20. At 11.06 am, it traded 2% positive at Rs 1,767.50. On a standalone basis, revenue rose 7 per cent quarter-on-quarter (QoQ) to ₹2,084 crore, while EBITDA increased 4.6 per cent to ₹569 crore.
- February 13, 2026 11:04
Stock market live: Engineers India shares jump 16% on the NSE to ₹209.30
Engineers India shares jump 16% on the NSE to Rs 209.30. It reported standalone net profit for the quarter ended December 2025 at Rs 301.74 crore compared to Rs 88.10 crore in the same quarter last year.
- February 13, 2026 11:02
HUL shares slip despite Q3 beat as analysts await growth pickup
Hindustan Unilever Limited shares tumbled 2.44 per cent to ₹2,350.80 on NSE during Friday’s trading session, despite reporting better-than-expected third quarter results the previous day. The stock hit an intraday low of ₹2,343 with sellers dominating at 53.77 per cent against 46.23 per cent buyers.
- February 13, 2026 10:49
Muthoot Finance shares slump 12% despite Q3 profit surge
Shares of Muthoot Finance plunged about 12 per cent in early trade on Friday as investors reacted cautiously to its latest quarterly earnings, even after the gold loan lender reported a sharp rise in profit.
- February 13, 2026 10:48
Indian Hotels shares fall 3% despite strong quarterly performance
The Indian Hotels Company Limited shares declined 2.91 per cent to ₹691.30 on Friday, despite reporting strong financial results for the third quarter of FY26. The stock opened at ₹707 and touched a low of ₹683.40 during trading, with sell orders outnumbering buy orders at 60.30 per cent versus 39.70 per cent.
- February 13, 2026 10:41
Stock market live: Sensex down over 800 pts
- February 13, 2026 10:39
Stock in focus: Honasa Consumer surges 3.6% as brokerages raise targets on strong Q3 show
- February 13, 2026 10:32
Nifty Bank Prediction Today – February 13, 2026: Nifty Bank Futures: Crucial intraday support coming up
- February 13, 2026 10:31
Hindalco shares tank 6.5% as Q3 profit slides, brokerages weigh Novelis impact
- February 13, 2026 10:31
Currency market updates: Rupee falls 8 paise to 90.69 against US dollar in early trade
- February 13, 2026 10:30
Nifty Prediction Today – February 13, 2026: Nifty futures: Short if the support is invalidated
- February 13, 2026 10:30
Stock in focus: IRCTC shares up on Q3 earnings beat
- February 13, 2026 10:29
Crude futures edge lower as IEA sees global oil surplus in 2026
- February 13, 2026 10:29
TCS, Infy, HCL, Wipro, Coforge stocks crashes 5% on AI disruption fears
- February 13, 2026 10:25
Stock Markets Live: ONGC drops 4% despite 23% rise in Q3 net profit to ₹11,946 crore
ONGC shares declined by 4% on the NSE to Rs 266 from the previous close of Rs 276.35. At 10.23 am, it traded at 267.60.
The stock reacted negatively despite 23% growth in its consolidated net profit at ₹11,946 crore in Q3 FY26
- February 13, 2026 10:24
HAL, IRCTC shares up following Q3 results, HUL declines, Hindalco tumbles over 6%
Q3 Results 13th Feb Live: Torrent Pharma, Siemens Energy, Alkem Lab, Fortis Healthcare, Ipca Lab, KFin Tech, BASF, Tilaknagar Ind, Azad Engineering, Shakti Pumps to announce Q3 results, HAL, HUL, Hindalco, ONGC, IRCTC, Coal India, Lupin, Muthoot, Vedant Fashions, Biocon shares in focus
Q3 Results Today, 13th Feb 2026 Live Updates: Find all the latest Q3 results 2026 updates of Torrent Pharmaceuticals, GMR Airports, Siemens Energy India, Info Edge India, Alkem Laboratories, Fortis Healthcare, Narayana Hrudayalaya, Ipca Laboratories, ITI, NBCC (India), IRB Infrastructure Developers, Tenneco Clean Air India, Eris Lifesciences, Inox Wind, Gujarat Mineral Development Corporation, KFin Technologies, BASF India, Brainbees Solutions, Bombay Burmah Trading Corporation, Tilaknagar Industries, Azad Engineering, Vijaya Diagnostic Centre, RHI Magnesita India, Shakti Pumps (India), Blue Jet Healthcare, Akums Drugs & Pharmaceuticals, Bengal and Assam Company, Inox Green Energy Services, EPL, C.E. Info Systems (MapmyIndia), RateGain Travel Technologies, Galaxy Surfactants, Indo Count Industries, AvenuesAI, Jamna Auto Industries, Grauer and Weil (India), Responsive Industries, Indigo Paints, Sunflag Iron and Steel Company, Kitex Garments, TechNVision Ventures, National Fertilizers, Optiemus Infracom, Good Luck India, Sindhu Trade Links, Kirloskar Industries, Marathon Nextgen Realty, Hubtown, Camlin Fine Sciences, Nalwa Sons Investment, Gufic Biosciences, Soma Papers and Industries, Fineotex Chemical, Jindal Worldwide, Polyplex Corporation, Deccan Gold Mines, Jash Engineering, Savita Oil Technologies, BGR Energy Systems, GK Energy, KCP, Honda India Power Products, MM Forgings, Vikran Engineering, Kalyani Investment Company, Mufin Green Finance, Jai Corp, Tasty Bite Eatables, BF Utilities, Pix Transmissions, Hindustan Oil Exploration Company, Jaykay Enterprises, EMS, Jindal Poly Films, India Nippon Electricals, Blue Cloud Softech Solutions, TIL, Sanstar, Laxmi Goldorna House, Balmer Lawrie Investment, BF Investment, Orient Technologies, Jindal Photo, Godavari Biorefineries, RACL Geartech, Southern Petrochemical Industries Corporation, One Global Service Provider, Pashupati Cotspin, Exicom Tele-Systems, Alicon Castalloy, Birlanu, RDB Infrastructure and Power, A B Infrabuild, Capital India Finance, Asian Energy Services, Asian Hotels (North), Centrum Capital, Western Carriers India, Le Merite Exports, Quadrant Future Tek, Jindal Poly Investment and Finance Company, Balaji Telefilms, Yuken India, AYM Syntex, Crest Ventures, Apis India, Prostarm Info Systems, Fedders Holding, DPSC, Amines and Plasticizers, SRM Contractors, VLS Finance, Gujarat Kidney and Super Speciality, Swelect Energy Systems, NCL Industries, Aryaman Financial Services, Polo Queen Industrial and Fintech, Innovana Thinklabs, Themis Medicare, Zuari Industries, Valiant Organics, UP Hotels, TV Today Network, Ruby Mills, Swaraj Suiting, Taneja Aerospace and Aviation, Likhitha Infrastructure, Arrow Greentech, Basilic Fly Studio, MMP Industries, Modis Navnirman, Essar Shipping, Kamdhenu, RBZ Jewellers, Repro India, Sical Logistics, CSL Finance, Ganesh Benzoplast, R K Swamy, Haldyn Glass, Tolins Tyres, International Conveyors, Trejhara Solutions, Glottis, Mishtann Foods, GVK Power & Infrastructure, McLeod Russel (India), Liberty Shoes, POCL Enterprises, Espire Hospitality, Medicamen Biotech, Shivalik Rasayan, HCL Infosystems, Aries Agro, Swiss Military Consumer Goods, Deepak Builders & Engineers India, Ugar Sugar Works, Avonmore Capital & Management Services, Shiv Aum Steels, Lehar Footwears, Vipul Organics, Transworld Shipping Lines, Kothari Products, Brand Concepts, Exato Technologies, Rubfila International, Ruchira Papers, MKVentures Capital, RNIT AI Solutions, All E Technologies, Varvee Global, Lokesh Machines, Kings Infra Ventures, Ace Software Exports, Genus Paper & Boards, Halder Venture, Kesar Enterprises, Ashima, 3i Infotech, Gokul Refoils and Solvent, Hindusthan Urban Infrastructure, Madhav Infra Projects, Rudra Ecovation, Poddar Pigments, SKP Bearing Industries, Nidhi Granites, BCC Fuba India, Global Vectra Helicorp, Asian Hotels (East), Kesar Petroproducts, ACS Technologies, Avance Technologies, Sanjivani Parenteral, IL&FS Investment Managers, Team India Guaranty, Zodiac Clothing Company, Country Club Hospitality & Holidays, Pro Fin Capital Services, Wardwizard Innovations and Mobility, Star Paper Mills, Supreme Holdings & Hospitality, Cords Cable Industries, Bhilwara Technical Textiles, Ajanta Soya, Vibhor Steel Tubes, Silgo Retail, Quest Laboratories, RRIL, Supreme Infrastructure India, Murudeshwar Ceramics, Landmarc Leisure Corporation, Som Datt Finance Corporation, Manaksia Aluminium Company, Veto Switchgears and Cables, Rathi Steel and Power, Vaswani Industries, M K Proteins, Setco Automotive, Gourmet Gateway India, Brady and Morris Engineering Company, Nitiraj Engineers, Nephro Care India, Loyal Equipments, Bimetal Bearings, Arvee Laboratories, Plaza Wires, Coral Laboratories, Bharat Road Network, Rana Sugars, Cubex Tubings, Natural Capsules, Empower India, SAB Industries, Binayaka Tex Processors, DHP India, East India Drums and Barrels Manufacturing, Mangalam Industrial Finance, HB Estate Developers, Credent Global Finance, Sonal Mercantile, Hindprakash Industries, Lahoti Overseas, Mauria Udyog, Parnax Lab, Shree Krishna Paper Mills and Industries, AAA Technologies, Dollex Agrotech, W H Brady and Company, Smruthi Organics, KIFS Financial Services, Lakshmi Engineering and Warehousing, Milkfood, Bharat Agri Fert & Realty, Expo Engineering and Projects, Lactose India, Hypersoft Technologies, Narmada Agrobase, Norben Tea and Exports, Chemtech Industrial Valves, Latteys Industries, Aban Offshore, Milgrey Finance & Investments, Sanco Trans, Glittek Granites, Taylormade Renewables, Rishi Laser, RTS Power Corporation, Cenlub Industries, Akar Auto Industries, Addi Industries, Lovable Lingerie, Naturite Agro Products, SecMark Consultancy, The Grob Tea Company, Art Nirman, Sanmit Infra, Goyal Aluminiums, Newtime Infrastructure, BA Packaging India, Gujarat State Finance Corporation, Kohinoor Foods, Palash Securities, Jagsonpal Services, Tomorrow Technologies Global Innovations, V R Woodarts, IEL, SPL Industries, Atam Valves, Himalaya Food International, Indian Acrylics, Energy Development Company, Prakash Steelage, Kemistar Corporation, Kabra Drugs, Haryana Capfin, Meera Industries, Super Tannery, Ironwood Education, Amrapali Industries, Punjab Communications, Terai Tea Company, Samrat Pharmachem, Constronics Infra, Jungle Camps India, VMS Industries, Pranik Logistics, Shristi Infrastructure Development Corporation, Cranes Software International, Hariyana Ship Breakers, LCC Infotech, Victoria Mills, TeleCanor Global, Cerebra Integrated Technologies, IFL Enterprises, HB Portfolio, Kothari Fermentation and Biochem, Vivo Biotech, Hind Aluminium Industries, Bacil Pharma, Yuvraaj Hygiene Products, Vistar Amar, Elixir Capital, Kreon Financial Services, Sofcom Systems, Shree Pacetronix, Biofil Chemicals and Pharmaceuticals, Orient Press, Vivimed Labs, Saboo Sodium Chloro, Ram Informatics, Virat Leasing, Kaizen Agro Infrabuild, Shreyas Intermediates, Minal Industries, Dhruv Consultancy Services, Arman Holdings, Dangee Dums, Dhatre Udyog, Bandaram Pharma Packtech, Vedavaag Systems, Ravi Leela Granites, Palred Technologies, Palco Metals, Metal Coatings (India), Fortune International, Real Eco-Energy, AKG Exim, Dhanalaxmi Cotex, East West Freight Carriers, Vista Pharmaceuticals, We Win, Lasa Supergenerics, Blue Coast Hotels, Madhusudan Securities, Mohit Paper Mills, Sri KPR Industries, Cybele Industries, Ganga Forging, Relicab Cable Manufacturing, Diana Tea Company, Akshar Spintex, TCM, Country Condos, Tulsyan NEC, KG Denim, AI Champdany Industries, Axel Polymers, Laxmi Cotspin, Gorani Industries, Simbhaoli Sugars, Mohit Industries, Innovative Tech Pack, Galactico Corporate Services, Spectrum Foods, Ashoka Metcast, Swasti Vinayaka Synthetics, Monotype India, Anjani Synthetics, Polyspin Exports, Sujala Trading & Holdings, Sri Ramakrishna Mills (Coimbatore), KFA Corporation, Alpine Housing Development Corporation, Kenvi Jewels, Citadel Realty and Developers, Swasti Vinayaka Art and Heritage Corporation, DSJ Keep Learning, Tyroon Tea Company, Sahara Housingfina Corporation, MPDL, Deccan Health Care, TCFC Finance, Kaushalya Infrastructure Development Corporation, USG Tech Solutions, Sarthak Industries, Arnold Holdings, Duro Pack, Vikas WSP, NMS Global, Aamcol Tools, Econo Trade India, Karnavati Finance, Prag Bosimi Synthetics, Frontier Capital, Minolta Finance, Asia Pack, Rajdarshan Industries, Sibar Auto Parts, Rander Corporation, Jolly Plastic Industries, Mitshi India, Mihika Industries, Advance Petrochemicals, Hit Kit Global Solutions, Gemstone Investments, Natraj Proteins, ACI Infocom, Interactive Financial Services, Sterling Green Woods, Scintilla Commercial & Credit, Southern Infoconsultants, Shrydus Industries, Anna Finance, Golechha Global Finance, Svam Software, Natural Biocon (India), Gyan Developers and Builders, Shakti Press, Catvision, Prism Medico and Pharmacy, Elegant Floriculture and Agrotech (India), Inani Securities, Gala Global Products, Vikalp Securities, Preeti Securities, Haria Exports, Shanti Overseas (India), Explicit Finance, Fraser and Company, Nihar Info Global, Karnawati Innovation, Money Masters Leasing and Finance, Purohit Construction, Vallabh Steels, Vintage Securities, Mahalaxmi Seamless, Purple Agrotech Industries, Rajkot Investment Trust, City Online Services, Amarnath Securities.
- February 13, 2026 10:19
Sector in focus: TCS, Infy, HCL, Wipro, Coforge stocks crashes 5% on AI disruption fears
- February 13, 2026 10:10
Small‑Cap Momentum Picks
Latest Buys by Super Star Investors – Small‑Cap Momentum Picks
Ashish Kacholia
- New buys: Shree Refrigerations (~3.4%), Vikran Engineering (~1.5%), Jain Resource Recycling (~1.1%), V‑Marc India (~2.7%), Pratham EPC Projects (~1.2%)
- Stake increases: Man Industries (+1% to ~3%), Vasa Denticity (+0.3% to ~4%)
Sunil Singhania (Abakkus Fund)
- New buys: All Time Plastics (~6.2%), Indogulf Cropsciences (~4%), Mangal Electrical Industries, Jaro Institute of Technology Management, M&B Engineering
- Additional: Suven Life Sciences (~1.3%)
Vijay Kedia
- New buys: TechD Cybersecurity (~5.3%), Yatharth Hospital & Trauma Care Services (~1%)
Dolly Khanna
- New buys: Southern Petrochemicals (~1.3%), Coffee Day Enterprises (~0.4%)
- Stake increases: Mangalore Chemicals & Fertilizers (+0.7%), Prakash Industries (+0.7%), GHCL (+0.1% to ~1.2%)
Key Takeaway:
Super‑investors are piling into niche small‑caps across engineering, recycling, healthcare, chemicals, and plastics—classic signals of bottom‑up conviction in the mid/small‑cap space.
- February 13, 2026 10:10
Gold outlook: Gold seen heading toward $6,000/oz in 2026 amid inflation and geopolitical risks
Sandip Raichura, CEO of Retail Broking and Distribution & Director, PL Capital
“Gold has recovered post the Jan end collapse and well on its way to what we believe should be 6000 USD / Oz levels by end CY 2026. Though President Trump’s deal with India, a potential deal with Brazil etc have reduced the uncertainty, higher inflation as well as continuing geopolitical uncertainties apart from the emerging split between the North West and the rest of the world will continue to propel reserve bank buying. We believe all dips are an opportunity to buy Gold”
- February 13, 2026 10:09
Currency market live: Bitcoin drifts toward $66,000 as AI-led tech selloff weighs on crypto market
Vikram Subburaj, CEO, Giottus.com
February 13, 2026
Bitcoin drifted lower on February 13 and slipped back toward the $66,000 zone as the market struggled to hold onto a brief early-week rebound. The retreat followed BTC’s failure to sustain momentum above $70,000. This reinforced the sense that rallies are still being met with distribution rather than fresh conviction buying. At current levels, the market appears caught between cautious dip-buyers and macro-driven sellers. This is the reason for the choppy and reactive price action.
Technically, the focus has shifted back to the $64,000-$62,500 band, which marks the next meaningful area of support if weakness persists. A decisive break below this zone would open the door to a deeper retracement toward psychologically important levels closer to $60,000. On the upside, resistance remains layered and dense. Any recovery attempt is likely to face supply near $69,000-$71,000. This region has repeatedly capped advances over the past fortnight.
The latest bout of weakness has less to do with crypto-specific stress and more with a broader risk-off pulse across markets. A renewed sell-off in technology stocks, fuelled by reassessments around AI-driven valuations, has weighed on sentiment. Even traditional havens such as precious metals failed to attract defensive inflows. In that sense, Bitcoin is once again trading as a high-beta macro asset rather than an isolated alternative.
On-chain signals offer a measure of perspective. The MVRV ratio (which compares market value to realised value) is hovering around 1.2. This suggests that the market is sitting on moderate unrealised gains rather than deep distress. Historically, this zone has coincided with prolonged consolidation phases.
Altcoins broadly tracked Bitcoin’s softer tone. Ethereum eased toward $1,950, while XRP and other large caps also drifted lower. BNB was a relative outperformer and managed modest gains. Stablecoins remained tightly pegged.
Overall, the tape suggests a market still digesting earlier gains. It is resilient enough to avoid disorderly breakdowns, but lacks the macro clarity and liquidity impulse needed to sustain a renewed advance.
Our advice: For investors, the immediate support is clustered near the $64,000 and $62,500 levels. On-chain metrics do not yet suggest a major capitulation. For disciplined participants, a staggered accumulation near support levels and prudent hedging via futures or SIP-style averaging can help navigate volatility while keeping downside risk in check. Do not trade unless you are an expert. Look at accumulation as an investment at these lower price points.
- February 13, 2026 10:07
Stock Markets Live: Nifty falls 236 points as tech, metal, realty stocks drag; Nifty IT plunges 1,673 points
Indian equities settled with sizable corrective move with the sharp selloff in Technology, Metal and Realty stocks.
Nifty Spot: 25571.0, Down 236.0 points
Bank Nifty Spot: 60675.0, Down 121 points
Nifty IT: 31487.0, Down 1673 points
Nifty Metal: 12073.0, Down 206 points
Nifty Realty: 831.3.0, Down 11 points
- February 13, 2026 10:06
Stock Markets Live: Ex-Infosys CEO Vishal Sikka says AI impact uneven; urges Indian IT to move from managing the known to creating the unknown
FORMER INFOSYS CEO VISHAL SIKKA says Al Impact On Clients Of Svcs Ind Is Not Uniform, Rate Of Change Is As Slow As Slowest Pipe
Anthropic Has Integrated Tools Into Its Models, Making Adoptions Much Easier
Seen Examples Of 20-30x Productivity Gains Due To Gen Al
There Is A Gap B/w What Al Can Potentially Do & What Al Can Do For Enterprises Here & Now
Indian IT Must Shift From Managing The Known To Creating The Unknown
- February 13, 2026 10:04
Stock Markets Live: Nifty IT index tumbles 5% in early trade; Infosys, Coforge, TCS among top losers
Nifty IT index slid further by 5.2% in early trade to 31,442.60 against the previous close of 33,160.20.
Top losers: Infosys, Coforge, TCS, OFSS, HCL Tech
- February 13, 2026 10:04
Nifty today: Top gainers, losers
Top gainers of Nifty 50:
SBI Life (+0.81%), Bajaj Finance (+0.49%), Bharti Airtel (+0.12%), HDFC Life (+0.10%)
Top losers:
Infosys (-6.08%), Hindalco (-5.64%), TCS (-4.96%), HCL Tech (-4.14%), Wipro (-3.55%)
- February 13, 2026 10:03
Commodities market live: Crude oil futures edge lower after IEA projects global surplus in 2026
Crude oil futures traded marginally lower on Friday morning after the International Energy Agency’s (IEA) Oil Market Report for February said the global oil market is likely to face a surplus in 2026. At 9.41 am on Friday, April Brent oil futures were at $67.49, down by 0.04 per cent, and March crude oil futures on WTI (West Texas Intermediate) were at $62.78, down by 0.10 per cent. February crude oil futures were trading at ₹5697 on Multi Commodity Exchange (MCX) during the initial hour of trading on Friday against the previous close of ₹5686, up by 0.19 per cent, and March futures were trading at ₹5708 against the previous close of ₹5701, up by 0.12 per cent.
- February 13, 2026 09:39
Follow our Q3 live
Q3 Results 13th Feb Live: Torrent Pharma, Siemens Energy, Alkem Lab, Fortis Healthcare, Ipca Lab, KFin Tech, BASF, Tilaknagar Ind, Azad Engineering, Shakti Pumps to announce Q3 results, HAL, HUL, Hindalco, ONGC, IRCTC, Coal India, Lupin, Muthoot, Vedant Fashions, Biocon shares in focus
Q3 Results Today, 13th Feb 2026 Live Updates: Find all the latest Q3 results 2026 updates of Torrent Pharmaceuticals, GMR Airports, Siemens Energy India, Info Edge India, Alkem Laboratories, Fortis Healthcare, Narayana Hrudayalaya, Ipca Laboratories, ITI, NBCC (India), IRB Infrastructure Developers, Tenneco Clean Air India, Eris Lifesciences, Inox Wind, Gujarat Mineral Development Corporation, KFin Technologies, BASF India, Brainbees Solutions, Bombay Burmah Trading Corporation, Tilaknagar Industries, Azad Engineering, Vijaya Diagnostic Centre, RHI Magnesita India, Shakti Pumps (India), Blue Jet Healthcare, Akums Drugs & Pharmaceuticals, Bengal and Assam Company, Inox Green Energy Services, EPL, C.E. Info Systems (MapmyIndia), RateGain Travel Technologies, Galaxy Surfactants, Indo Count Industries, AvenuesAI, Jamna Auto Industries, Grauer and Weil (India), Responsive Industries, Indigo Paints, Sunflag Iron and Steel Company, Kitex Garments, TechNVision Ventures, National Fertilizers, Optiemus Infracom, Good Luck India, Sindhu Trade Links, Kirloskar Industries, Marathon Nextgen Realty, Hubtown, Camlin Fine Sciences, Nalwa Sons Investment, Gufic Biosciences, Soma Papers and Industries, Fineotex Chemical, Jindal Worldwide, Polyplex Corporation, Deccan Gold Mines, Jash Engineering, Savita Oil Technologies, BGR Energy Systems, GK Energy, KCP, Honda India Power Products, MM Forgings, Vikran Engineering, Kalyani Investment Company, Mufin Green Finance, Jai Corp, Tasty Bite Eatables, BF Utilities, Pix Transmissions, Hindustan Oil Exploration Company, Jaykay Enterprises, EMS, Jindal Poly Films, India Nippon Electricals, Blue Cloud Softech Solutions, TIL, Sanstar, Laxmi Goldorna House, Balmer Lawrie Investment, BF Investment, Orient Technologies, Jindal Photo, Godavari Biorefineries, RACL Geartech, Southern Petrochemical Industries Corporation, One Global Service Provider, Pashupati Cotspin, Exicom Tele-Systems, Alicon Castalloy, Birlanu, RDB Infrastructure and Power, A B Infrabuild, Capital India Finance, Asian Energy Services, Asian Hotels (North), Centrum Capital, Western Carriers India, Le Merite Exports, Quadrant Future Tek, Jindal Poly Investment and Finance Company, Balaji Telefilms, Yuken India, AYM Syntex, Crest Ventures, Apis India, Prostarm Info Systems, Fedders Holding, DPSC, Amines and Plasticizers, SRM Contractors, VLS Finance, Gujarat Kidney and Super Speciality, Swelect Energy Systems, NCL Industries, Aryaman Financial Services, Polo Queen Industrial and Fintech, Innovana Thinklabs, Themis Medicare, Zuari Industries, Valiant Organics, UP Hotels, TV Today Network, Ruby Mills, Swaraj Suiting, Taneja Aerospace and Aviation, Likhitha Infrastructure, Arrow Greentech, Basilic Fly Studio, MMP Industries, Modis Navnirman, Essar Shipping, Kamdhenu, RBZ Jewellers, Repro India, Sical Logistics, CSL Finance, Ganesh Benzoplast, R K Swamy, Haldyn Glass, Tolins Tyres, International Conveyors, Trejhara Solutions, Glottis, Mishtann Foods, GVK Power & Infrastructure, McLeod Russel (India), Liberty Shoes, POCL Enterprises, Espire Hospitality, Medicamen Biotech, Shivalik Rasayan, HCL Infosystems, Aries Agro, Swiss Military Consumer Goods, Deepak Builders & Engineers India, Ugar Sugar Works, Avonmore Capital & Management Services, Shiv Aum Steels, Lehar Footwears, Vipul Organics, Transworld Shipping Lines, Kothari Products, Brand Concepts, Exato Technologies, Rubfila International, Ruchira Papers, MKVentures Capital, RNIT AI Solutions, All E Technologies, Varvee Global, Lokesh Machines, Kings Infra Ventures, Ace Software Exports, Genus Paper & Boards, Halder Venture, Kesar Enterprises, Ashima, 3i Infotech, Gokul Refoils and Solvent, Hindusthan Urban Infrastructure, Madhav Infra Projects, Rudra Ecovation, Poddar Pigments, SKP Bearing Industries, Nidhi Granites, BCC Fuba India, Global Vectra Helicorp, Asian Hotels (East), Kesar Petroproducts, ACS Technologies, Avance Technologies, Sanjivani Parenteral, IL&FS Investment Managers, Team India Guaranty, Zodiac Clothing Company, Country Club Hospitality & Holidays, Pro Fin Capital Services, Wardwizard Innovations and Mobility, Star Paper Mills, Supreme Holdings & Hospitality, Cords Cable Industries, Bhilwara Technical Textiles, Ajanta Soya, Vibhor Steel Tubes, Silgo Retail, Quest Laboratories, RRIL, Supreme Infrastructure India, Murudeshwar Ceramics, Landmarc Leisure Corporation, Som Datt Finance Corporation, Manaksia Aluminium Company, Veto Switchgears and Cables, Rathi Steel and Power, Vaswani Industries, M K Proteins, Setco Automotive, Gourmet Gateway India, Brady and Morris Engineering Company, Nitiraj Engineers, Nephro Care India, Loyal Equipments, Bimetal Bearings, Arvee Laboratories, Plaza Wires, Coral Laboratories, Bharat Road Network, Rana Sugars, Cubex Tubings, Natural Capsules, Empower India, SAB Industries, Binayaka Tex Processors, DHP India, East India Drums and Barrels Manufacturing, Mangalam Industrial Finance, HB Estate Developers, Credent Global Finance, Sonal Mercantile, Hindprakash Industries, Lahoti Overseas, Mauria Udyog, Parnax Lab, Shree Krishna Paper Mills and Industries, AAA Technologies, Dollex Agrotech, W H Brady and Company, Smruthi Organics, KIFS Financial Services, Lakshmi Engineering and Warehousing, Milkfood, Bharat Agri Fert & Realty, Expo Engineering and Projects, Lactose India, Hypersoft Technologies, Narmada Agrobase, Norben Tea and Exports, Chemtech Industrial Valves, Latteys Industries, Aban Offshore, Milgrey Finance & Investments, Sanco Trans, Glittek Granites, Taylormade Renewables, Rishi Laser, RTS Power Corporation, Cenlub Industries, Akar Auto Industries, Addi Industries, Lovable Lingerie, Naturite Agro Products, SecMark Consultancy, The Grob Tea Company, Art Nirman, Sanmit Infra, Goyal Aluminiums, Newtime Infrastructure, BA Packaging India, Gujarat State Finance Corporation, Kohinoor Foods, Palash Securities, Jagsonpal Services, Tomorrow Technologies Global Innovations, V R Woodarts, IEL, SPL Industries, Atam Valves, Himalaya Food International, Indian Acrylics, Energy Development Company, Prakash Steelage, Kemistar Corporation, Kabra Drugs, Haryana Capfin, Meera Industries, Super Tannery, Ironwood Education, Amrapali Industries, Punjab Communications, Terai Tea Company, Samrat Pharmachem, Constronics Infra, Jungle Camps India, VMS Industries, Pranik Logistics, Shristi Infrastructure Development Corporation, Cranes Software International, Hariyana Ship Breakers, LCC Infotech, Victoria Mills, TeleCanor Global, Cerebra Integrated Technologies, IFL Enterprises, HB Portfolio, Kothari Fermentation and Biochem, Vivo Biotech, Hind Aluminium Industries, Bacil Pharma, Yuvraaj Hygiene Products, Vistar Amar, Elixir Capital, Kreon Financial Services, Sofcom Systems, Shree Pacetronix, Biofil Chemicals and Pharmaceuticals, Orient Press, Vivimed Labs, Saboo Sodium Chloro, Ram Informatics, Virat Leasing, Kaizen Agro Infrabuild, Shreyas Intermediates, Minal Industries, Dhruv Consultancy Services, Arman Holdings, Dangee Dums, Dhatre Udyog, Bandaram Pharma Packtech, Vedavaag Systems, Ravi Leela Granites, Palred Technologies, Palco Metals, Metal Coatings (India), Fortune International, Real Eco-Energy, AKG Exim, Dhanalaxmi Cotex, East West Freight Carriers, Vista Pharmaceuticals, We Win, Lasa Supergenerics, Blue Coast Hotels, Madhusudan Securities, Mohit Paper Mills, Sri KPR Industries, Cybele Industries, Ganga Forging, Relicab Cable Manufacturing, Diana Tea Company, Akshar Spintex, TCM, Country Condos, Tulsyan NEC, KG Denim, AI Champdany Industries, Axel Polymers, Laxmi Cotspin, Gorani Industries, Simbhaoli Sugars, Mohit Industries, Innovative Tech Pack, Galactico Corporate Services, Spectrum Foods, Ashoka Metcast, Swasti Vinayaka Synthetics, Monotype India, Anjani Synthetics, Polyspin Exports, Sujala Trading & Holdings, Sri Ramakrishna Mills (Coimbatore), KFA Corporation, Alpine Housing Development Corporation, Kenvi Jewels, Citadel Realty and Developers, Swasti Vinayaka Art and Heritage Corporation, DSJ Keep Learning, Tyroon Tea Company, Sahara Housingfina Corporation, MPDL, Deccan Health Care, TCFC Finance, Kaushalya Infrastructure Development Corporation, USG Tech Solutions, Sarthak Industries, Arnold Holdings, Duro Pack, Vikas WSP, NMS Global, Aamcol Tools, Econo Trade India, Karnavati Finance, Prag Bosimi Synthetics, Frontier Capital, Minolta Finance, Asia Pack, Rajdarshan Industries, Sibar Auto Parts, Rander Corporation, Jolly Plastic Industries, Mitshi India, Mihika Industries, Advance Petrochemicals, Hit Kit Global Solutions, Gemstone Investments, Natraj Proteins, ACI Infocom, Interactive Financial Services, Sterling Green Woods, Scintilla Commercial & Credit, Southern Infoconsultants, Shrydus Industries, Anna Finance, Golechha Global Finance, Svam Software, Natural Biocon (India), Gyan Developers and Builders, Shakti Press, Catvision, Prism Medico and Pharmacy, Elegant Floriculture and Agrotech (India), Inani Securities, Gala Global Products, Vikalp Securities, Preeti Securities, Haria Exports, Shanti Overseas (India), Explicit Finance, Fraser and Company, Nihar Info Global, Karnawati Innovation, Money Masters Leasing and Finance, Purohit Construction, Vallabh Steels, Vintage Securities, Mahalaxmi Seamless, Purple Agrotech Industries, Rajkot Investment Trust, City Online Services, Amarnath Securities.
- February 13, 2026 09:38
Stock Markets Live: HAL rises over 1% as Q3 net profit jumps to ₹1,852 crore; declares ₹35 interim dividend
HAL rose over 1% to Rs 4,220.20 on the NSE against the previous close of Rs 4,158.90. It reported standalone net profit of Rs 1851.72 crore in December 2025 quarter compared to Rs 1432.60 crore in the same quarter last year.
Interim dividend of Rs 35 per share.
- February 13, 2026 09:30
Stock market live: NSE trading accounts cross 25 crore mark, one crore added in just two months
- February 13, 2026 09:23
Opening bell: Sensex drops 665 points, Nifty falls 213 points in early trade
Sensex dragged by 664.83 pts or 0.79% to 83,010.09 at 9.19 am after opening at 82,902.73 against the previous close of 83,674.92. Nifty 50 depreciated by 212.85 pts or 0.82% to 25,594.35.
- February 13, 2026 09:05
TN Polls: ₹5,000 credited to women beneficiaries in TN just before election dates
- February 13, 2026 09:03
Global economic update: Growth, trade, and market trends across major countries
Japan — Accelerating US investment deal talks, exiting deflation phase, and yen strengthening on political stability and fiscal confidence.
China — Property sector remains weak with falling home prices, while state intervention and agri import demand signal growth stabilization efforts.
Singapore — Running fiscal surplus while aggressively investing in AI and defense to sustain ~3% long-term growth.
South Korea — Banking sector faces heavy regulatory fines, highlighting tightening financial oversight risks.
United Kingdom — Weak growth persists but currency supported by political and market positioning factors.
European Union — Pushing capital markets integration and competitiveness reforms to mobilize trillions in investment.
United States — Labour market stabilizing but tight monetary policy and housing softness keep growth risks alive.
Canada — Financial firms expanding into Middle East wealth markets for growth diversification.
Brazil — Strong livestock exports driven by Chinese demand but mining sector faces commodity impairment pressures.
Argentina — Advancing pro-market reforms aimed at improving long-term competitiveness.
Russia — Growth slowing with potential geopolitical-driven economic realignment depending on US relations.
Ukraine — Power deficit easing due to warmer weather after infrastructure disruptions.
Ghana — Record gold output but cocoa sector stress and policy shifts could impact farm incomes and production.
South Africa — Export and agriculture challenges persist while government prioritizes crime and infrastructure stability.
Australia — Banking strength, strong barley exports to China, and hawkish central bank supporting currency strength.
Source: Reuters
- February 13, 2026 09:02
Rajeev Sharan, Head – Criteria, Model Development & Research, Brickwork Ratings on January CPI numbers
“India’s January 2026 CPI inflation at 2.75% on the new 2024 base underscores a still-comfortable price environment. Core inflation, near 3.1%, reflects firm momentum in services and personal care. The base revision, with reduced food weight and expanded services coverage, implies structurally softer headline prints but sharper visibility on demand-side pressures. This should allow the RBI to remain accommodative in the near term, supporting growth, while pivoting toward neutrality if core remains sticky above headline. From a credit outlook perspective, benign inflation and improved measurement strengthen debt-servicing capacity, supporting sovereign and corporate credit profiles.”
- February 13, 2026 09:01
Rajeev Sharan, Head – Criteria, Model Development & Research from Brickwork Ratings on January CPI numbers
“India’s January 2026 CPI inflation at 2.75% on the new 2024 base underscores a still-comfortable price environment. Core inflation, near 3.1%, reflects firm momentum in services and personal care. The base revision, with reduced food weight and expanded services coverage, implies structurally softer headline prints but sharper visibility on demand-side pressures. This should allow the RBI to remain accommodative in the near term, supporting growth, while pivoting toward neutrality if core remains sticky above headline. From a credit outlook perspective, benign inflation and improved measurement strengthen debt-servicing capacity, supporting sovereign and corporate credit profiles.”
- February 13, 2026 09:01
India IT Services: Looking through the AI fog 2: Discounted for extinction? Div/FCF yields at crisis levels
J.P. Morgan
Nifty IT Index is down 10% over the last 1M vs. Nifty flat on fears of AI advances disrupting Indian IT Services in addition to the Global Software/SaaS complex (IGV down 15%). The bears argue that AI will eat into Software/SaaS and therefore reduce the scope of IT Services work, driving potential revenue declines. We argued in Looking through the AI fog that we are likely in year 3 of AI deflation and the three year below par (LSD) growth the sector is witnessing (CY23-25) include both structural (AI deflation) and cyclical (macro) factors. We acknowledge that it is difficult to quantify the real impact of AI (both deflation and inflation) and the duration of demand deflation given where we are in the cycle. However, it’s overly simplistic to assume that AI can automatically generate enterprise grade software and replace the value IT Services firms create across the cycle. Indeed, IT Services companies remain the plumbers in the tech world, and if enterprise software/SaaS is rewritten on a bespoke basis by agents - it will need significant services plumbing to work in enterprise context and minimise AI slop. Our reverse DCF suggests that stocks bake in 4% terminal growth at current prices with no ST acceleration. Indeed, if the last three year (CY23-25) LSD growth were to become permanent terminal growth, there is at most 10% downside to current price. The only case with >30% further downside is companies hit 0 terminal growth with no growth hereafter. Both these scenarios appear overly pessimistic to us given the new AI work streams emerging and the likely cyclical recovery. FCF/Div yields scream deep value and are crossing levels prior seen during market dislocation events such as GFC and COVID. We would take a barbell approach to buy deep value in large caps - OW rated INFO and TCS, along with growth champions such as OW rated PSYS/Sagility.
Marginal improvement keeps us close to current prices. In this scenario, we assume a gradual acceleration in growth from FY26 levels to MSD and stay well below the LT (5-10 year) average of 7-8%, and this doesn’t lead to any significant upside. We assume 4.3%/4.9%/5.9% rev CAGR over the next 10 years for TCS/INFO/HCLT, which implies potential upside of 1%/8%/1%.
- February 13, 2026 09:00
Stock Markets Live: IIFL Finance approves NCD issue worth ₹500 crore, may raise up to ₹2,000 crore
IIFL Finance Approves Plan For NCDs Worth ₹500 Crore, With The Option To Increase To ₹2,000 Crore.
- February 13, 2026 08:59
Stanley Lifestyles delivers resilient 6.2% gross profit growth in 9MFY26
Stanley Lifestyles Ltd, incorporated in 2007, is a leading home-grown luxury and super- premium furniture brand in India, offering end-to-end solutions across design, manufacturing, and retail, ensuring full quality control and superior customer experience has announced its unaudited financial results for the third quarter & nine months ended December 31st, 2025.
- February 13, 2026 08:59
Bharat Forge Reports Strong Sequential Growth in Q3 FY26 with Strong Domestic and Defence Momentum
Defence Order Book Reaches ₹11,130 Crore; Positioned for High Double-Digit Growth as Markets Stabilize
Pune, 12th February 2026: Bharat Forge Limited (BFL), announced its financial results for the quarter ended December 31, 2025, today reporting strong sequential qrowth in the quarter.
The quarterly performance continued to be impacted by the de-stocking in the North American CV market. Standalone Revenues was up 7.0% sequentially to Rs 2,084 crores and EBITDA at Rs 569 Crore was up 4.6% QoQ translating in an EBITDA margin of 27.3%. The performance was aided by the strong growth in the Domestic automotive business and execution of defence orderbook.
Export revenues witnessed a 3% sequential decline with auto sector down 13% and industrials showing a 11% increase. In Q3, the company secured new orders worth Rs 2,388 Crores including Rs 1,878 crores in Defence. As of Dec 31st 2025, the defence order book stood at Rs 11,130 crores. Bharat Forge signed the CQB Carbine contract with the Ministry of Defence for supply of more than 250,000 units to the Indian armed forces. This order unlocks significant growth opportunities for our Small Arms vertical within the Defence business. In the quarter gone by, JS Autocast (JSA) recorded revenue of Rs 203 Crore and EBITDA of Rs 32 Crore (15.7% EBITDA margin) representing a 22% and 39% YoY jump respectively.
K-Drive mobility, a supplier of axle assembly across segments witnessed a muted topline but a sharp jump in their profitability with EBITDA margins moving up from 3.1% in Q2 FY26 to 5.1% in this quarter. The company expects the margin profile to continue to improve over a 3-year time frame. The US & European operations reported modest operating profits despite seasonal weakness in the PV market. Review of the European steel manufacturing footprint is on track, and concrete measures are expected to be in place by the end of this fiscal.
- February 13, 2026 08:59
tock Markets Live: IndiGrid Q3 revenue rises 12% to ₹862.2 crore; DPU at ₹4.00, raises ₹1,500 crore for growth and acquisitions
IndiGrid (IndiGrid Infrastructure Trust) announced its financial results for the quarter and nine months ended December 31, 2025, reporting revenue of ₹8,622 million, representing a 11.7% year-on-year increase. The InvIT declared DPU of ₹4.00 for Q3 FY26, in line with full-year guidance of ₹16.00 per unit.
The revenue has been primarily driven by the inclusion of newer projects in the portfolio. This growth translated into EBITDA of ₹7,843 million, up 13% year-on-year. During the quarter, IndiGrid successfully raised ₹1,500 crore through an Institutional Placement, which was oversubscribed by 2x. The issue saw strong participation from a diversified base of existing and new domestic and global long-only institutional investors. Proceeds from the equity raise will be utilised to support acquisitions, fund growth opportunities, and maintain a prudent capital structure.
During the quarter, IndiGrid signed definitive agreements to acquire Gadag Transmission Limited, an ISTS project, with ~187 circuit kms and 1,000 MVA transformation capacity, located in Karnataka, from ReNew Power, for an enterprise value of ~₹372 crore. Subject to regulatory and contractual approvals, the acquisition is expected to be consummated by the end of the ongoing fiscal year.
- February 13, 2026 08:33
Kellton Tech reports 10.6% YoY revenue growth in Q3 FY26; PAT rises 22% YoY on margin expansion
Kellton Tech Solutions Ltd. (BSE & NSE: KELLTONTEC), a global leader in digital transformation serving start-ups to Fortune 500 companies, announced today its financial results for the Third Quarter Ended December 2025.
Review of financial performance for the quarter ended 31st December, 2025 (Q3) • Total revenue was ₹ 3,088 million during the quarter under review as compared to ₹ 2,793 million during Q3 FY25, up by 10.6% Y-o-Y basis.
* The Company reported an EBITDA of ₹ 397 million for the quarter under review.
* The EBITDA margin for the quarter under review was 12.9%.
* Net profit stood at ₹ 255 million for the quarter.
* PAT Margin stood at 8.3% for the quarter.
* EPS stood at ₹ 0.5
Operations:
Operational Highlights of Q3 FY26 ● Global Banking – Intelligent Payments Transformation: Kellton is enabling an AI-orchestrated framework that automates and optimizes complex payment workflows, delivering real-time visibility and predictive insights. By leveraging cognitive automation, the solution accelerates reconciliation, strengthens audit readiness, and converts multi-country financial data into a unified intelligence layer—driving scalable, high-control operations for large banking environments.
● Microsoft Triple Solutions Partner Recognition: Kellton has earned Microsoft Solutions Partner designation across Data & AI, Digital & App Innovation, and Azure Infrastructure — a distinction held by a select group of partners. This recognition reinforces Kellton’s cloud and AI leadership, co-sell readiness, and ability to deliver enterprise-scale transformation on Microsoft Azure.
● AI-Powered “Creative at Scale” for Global Advertising Leader: For a multinational advertising group operating in 140 countries, Kellton has deployed an AI-driven creative ecosystem powered by its proprietary KAI platform. The solution accelerates go-to-market by 90%, reduces production costs by up to 70%, and enables 4x content output — unlocking measurable, enterprise-grade ROI through Agentic AI.
● Agentic AI Fraud Prevention for Global Telecom Leader: Kellton has deployed an AI-driven verification ecosystem to combat SIM-swap fraud and account takeovers for a leading telecom provider. The platform delivers real-time risk detection and autonomous decisioning — reducing fraud exposure, lowering operational costs, and enhancing customer trust without compromising compliance.
● Generative AI for a United Nations Agency: Kellton has been selected by a UN agency to build Generative AI–enabled applications supporting global humanitarian initiatives. By embedding responsible AI and secure digital architecture, Kellton is driving ethical, scalable innovation for international development at a global scale.
- February 13, 2026 08:33
Stock Markets Live: SpiceJet Q3 revenue surges 77%, market share and capacity expand, loss narrows
SpiceJet Reports Strong Operating Momentum in Q3 FY26; Revenue Jumps 77%
Domestic market share increases to 4.3% in December 2025 from 1.9% in September due to significant expansion in capacity by 56% with addition of 16 aircraft contributing to substantial reduction in loss
Board approves calibrated fleet ramp-up to 55-60 aircraft for winter schedule; plans to strengthen liquidity through monetisation of surplus spares
Grounded fleet costs, higher ATF prices, Rupee depreciation and one-time labour law impact weigh on expenses
Company files application for NSE listing
Financial Highlights
· PLF: Maintained a competitive and healthy Passenger Load Factor (PLF) of 90%, reflecting strong capacity utilisation compared to 84% in Q2 FY26 and 88% in Q3 FY25
· Revenue from operations: Increased to INR 1384 Crore in Q3 FY26 from INR 781 Crore in Q2 FY26, reflecting a 77% QoQ improvement and higher than INR 1,231 Crore in Q3 FY25
· Passenger RASK: Improved to INR 4.74 in Q3 FY26 from INR 4.04 in Q2 FY26 and higher than INR 4.63 in Q3 FY25
· Net Loss: INR 197 Crore (before Forex & exceptional items) in Q3 FY26, compared to a net loss of INR 448 Crore (before Forex & exceptional items) in Q2 FY26, an improvement of 56%
· Post Forex adjustment and one time impact of adjustment for New Labour code, net loss stood at INR 268 Crore in Q3 FY26 versus INR 635 Crore in Q2 FY26 signifying an improvement of 58%
· EBITDAR: INR 175 Crore in Q3 FY26 compared to INR (392) Crore in Q2 FY26
- February 13, 2026 08:32
Stock Markets Live: Lumax Auto Tech Q3 revenue jumps 40% to ₹1,271 crore; PAT surges 93% to ₹108 crore
Lumax Auto Technologies Limited (NSE: LUMAXTECH, BSE: 532796), a leading automotive component manufacturer, today announced its unaudited financial results for the third quarter and nine-months ended December 31st 2025, continued to strengthen its growth trajectory through technology-led expansion, portfolio diversification and operational excellence.
Consolidated Financial Highlights for Q3 & 9M FY26:
· Strong Revenue Growth: Consolidated revenue from operations rose 40% YoY in Q3FY26 to ₹1,271 crore and 38% YoY in 9MFY26 to ₹3,453 crore, reflecting consistent scale-up across core product lines, steady traction with OEMs and continued strong momentum of the aftermarket portfolio.
· Enhanced Profitability:
§ EBITDA stood at ₹191 crore at 15% in Q3FY26, an increase of 100 bps over Q3FY25 and ₹497 crore at 14.4% in 9MFY26, an increase of 40 bps over 9MFY25, driven by operating efficiencies, better absorption of fixed costs and a favorable mix of higher-value products.
§ PAT (before minority interest) grew 93% YoY in Q3FY26 to ₹108 crore and 60% YoY in 9MFY26 to ₹240 crore, underscoring the Company’s focus on execution discipline and improved assets utilisation.
- February 13, 2026 08:31
Travel Food Services Q3 numbers
Travel Food Services Limited (TFS) Consolidated PAT increases to Rs.1,368 million in Q3FY26, delivering a strong growth of 35.3% YoY on an adjusted basis
Key Highlights
Robust system-wide sales1 growth of 28.1% YoY in Q3FY26 and 24.5% YoY in 9MFY26
Consolidated PAT increased by 35.3% YoY on an adjusted basis2, and by 32.6% on reported basis, in Q3FY26
Scale-up of operations at the recently won F&B concessions–Delhi Airport (Terminals 1 & 2), Cochin Airport (Domestic Terminal), and Navi Mumbai Airport—along with the upcoming Noida Airport, expected to further contribute to the growth momentum
System-wide network increased to 530+ Travel QSRs/Lounges with portfolio of 140 brands, as of December-25
Passenger traffic rebounded and grew by 1.6% YoY at TFS managed airports in Q3FY26, recovering from temporary decline seen in the previous quarter which was caused by aircraft maintenance issues.
- February 13, 2026 08:21
Global news: Kremlin signals possible US–Russia trade deal under Trump administration: Bloomberg News
- February 13, 2026 08:06
Economy watch: Jan retail inflation at 2.75% under new CPI base year
- February 13, 2026 07:59
Opening Bid: Nifty futures indicate 150-point gap-down amid AI-led tech selloff
- February 13, 2026 07:52
Global markets: Nasdaq slumps 2% as tech selloff deepens on AI disruption fears
- February 13, 2026 07:46
US Stocks: Wall Street sinks as tech rout deepens on AI angst
Indexes down: Dow 1.34%, S&P 500 1.57%, Nasdaq 2.04%
- February 13, 2026 07:36
Top buzzing stocks today: HAL, HCC, AU Small Finance Bank and more
- February 13, 2026 07:26
Global Markets Live: Russia may return to US dollar in proposed Trump partnership; joint energy, investment deals on table
Russia is considering moving back to the US Dollar as part of a wide-ranging economic partnership with President Trump, per Bloomberg.
The partnership would include:
1. US and Russia working together on fossil fuels
2. Joint investments in natural gas
3. Offshore oil and critical raw material partnerships
4. Windfalls for US companies
5. Russia’s return to the USD settlement system
If finalized, this deal would change the global economy.
- February 13, 2026 07:25
Stock Markets Live: FIIs buy ₹108 crore, DIIs buy ₹277 crore in provisional equity cash trades on Feb 11
Instl. Investors EQUITY Cash Trades PROV. - 11/02/2026 : Rs. CRS. :
FIIS : BUY +108 (17,949-17,841)🙂
DIIS : BUY +277 (17,214-16,937
- February 13, 2026 07:24
Stock market live: Rajeev Jain, CEO, Bajaj Finance, on Q3 Concall on the Impact of AI
“AI listened to 2 Cr calls, converted voice to text, and gave us data. Text-to-data conversion happened for 5.2 lakh customers. As a result, we generated 100,000 new offers for which we did not have information earlier.
“This capability did not exist in Q1 and Q2. It just got deployed. We’ll be able to listen to 100 million calls next year,” said Jain. He added that loan disbursements through AI-powered call centres stood at about Rs 1,600 crore. That’s ~ 10% of the Rs 16,545 Cr of disbursals in Q3FY26
Data converting -- data from those calls led to another INR 325 crores of volumes. So, this is just our first attempt.
Over the next six months, Bajaj Finance plans to invest heavily in its agents. The company expects to have more than 800 autonomous agents across sales, operations, HR, IT, risk, and DMS in the next fiscal.
Similarly, in terms of 100% of videos are now generated by us using AI, 100% of banners are generated using AI, 2.7 lakh videos were generated, and 1.2 lakh banners were generated. At the customer engagement level, we have 11 AI text BOTs that are live that engage with the customer. So rather than sending dumb SMSs for 11 products now, we have an AI text BOT, which allows you to engage, interact, and respond to your queries.
The company has 26 products. All 26 will be live between April and May’26. So, there will be no communication that we’ll be sending, which will not have a -- whether service or sales, which will not have a conversational BOT embedded in it.
At the branch and point of sale, existing customers face match that we’re doing, we did 46 million face matches to ensure this is the same customer, if it’s an ETB customer who had actually principally come in, giving us much better control over identity.
Customer onboarding in terms of document -- ensuring that auto-fill of the document happens, whether it’s a PAN card or an Aadhaar. There are 43 such documents that the company has now mapped, which an image extracts with a 95% - 96% accuracy and populate data in our platforms, delivering significant productivity for our employees.
Auto quality check of documents is now 41%. As we sharpen the model, it will take us to between 85% and 90% over a period of the next 15-odd months
On technology development, we are clearly seeing between 25% - 45% efficiencies emerging in terms of the development process, depending on whether it’s a legacy platform, then the benefit is much lower, or rather, I would say, none. But if it’s a digital infrastructure, then the efficiencies can be as high as 45% - 47%. So significant work is being done.
- February 13, 2026 07:24
Unimech Aerospace – Q3 Result Update (YoY)
* Revenue: 33.7 vs 53.9 → -37.4% YoY (Weak)
* EBITDA: 1.6 vs 15.7 → -89.8% YoY (Very weak)
* EBITDA Margin: 4.6% vs 29.1% YoY → Sharp contraction
* Net Profit: 2.4 vs 15.6 → -84.6% YoY (Very weak)
* Net Profit Margin (NPM): 7.1%
Summary:
Unimech Aerospace saw a sharp slowdown in Q3, with steep declines in revenue and margins. Profitability weakened significantly. Overall performance is weak.
- February 13, 2026 07:24
Indian Hume Pipe – Q3 Result Update (YoY)
* Revenue: 280 vs 380 → -26.3% YoY (Weak)
* EBITDA: 22.1 vs 37.3 → -40.8% YoY (Weak)
* EBITDA Margin: 7.8% vs 9.8% YoY → Lower
* Net Profit: 61.5 vs 14.4 → +327% YoY (Positive)
* Net Profit Margin (NPM): 22.0%
Summary:
Despite weaker revenues and EBITDA, Indian Hume Pipe reported strong growth in net profit, likely aided by non-operational factors. Core operating performance remains mixed.
- February 13, 2026 07:24
Jai Balaji Industries – Q3 Result Update (YoY)
* Revenue: 1,330 vs 1,500 → -11.3% YoY (Weak)
* EBITDA: 55 vs 190 → -71.1% YoY (Weak)
* EBITDA Margin: 4.1% vs 12.8% YoY → Sharp contraction
* Net Profit: 11.6 vs 120 → -90.3% YoY (Very weak)
* Net Profit Margin (NPM): 0.9%
Summary:
Q3 performance was weak, with lower volumes and sharp margin erosion. Both operating and net profitability declined significantly. Overall trend remains under pressure.
- February 13, 2026 07:24
Jagran Prakashan – Q3 Result Update (YoY)
* Revenue: 480 vs 520 → -7.7% YoY (Weak)
* EBITDA: 71.4 vs 93.5 → -23.6% YoY (Weak)
* EBITDA Margin: 15.0% vs 18.1% YoY → Margin contraction
* Net Profit: 54.1 vs 62.6 → -13.6% YoY (Weak)
* Net Profit Margin (NPM): 11.3%
Summary:
Jagran Prakashan reported a weak Q3, with revenue decline and margin pressure impacting profitability. Advertising softness continued to weigh on earnings. Overall trend remains subdued.
- February 13, 2026 07:23
Engineers India – Q3 Result Update (YoY)
* Revenue: 1,210 vs 760 → +59.2% YoY (Strong)
* EBITDA: 350 vs 97.8 → +258% YoY (Very strong)
* EBITDA Margin: 29.1% vs 12.8% YoY → Sharp expansion
* Net Profit: 350 vs 109 → +221% YoY (Very strong)
* Net Profit Margin (NPM): 28.9%
Summary:
Engineers India delivered an exceptionally strong Q3, driven by sharp revenue growth and significant margin expansion. Profitability improved meaningfully, indicating strong operating leverage and execution. Overall performance is highly positive.
- February 13, 2026 07:23
Stock market live: Corporate moves
Bharat Forge: Chairman Baba Kalyani guides FY27 growth >25%; management expects margin improvement over next 3 years; ATAGS project to start H2 FY27 (Positive – long term)
State Bank of India : NSE block trade worth ₹61.7 cr (~5.18 lakh shares at ₹1,190) (Neutral – flow related)
Defence Acquisition Council: Approved Rafale purchases; positive for defence ecosystem incl. Hindustan Aeronautics (Positive)
India safeguards fruits, ethanol, tobacco & millets under US agreement (Neutral)
Textile sector: Zero duty if raw material sourced from US; cotton imports at nil duty for processing (Positive for textiles)
Mahindra & Mahindra: Launches electric three-wheeler “Mahindra Udo” (Positive – EV push)
IEA : Global oil supply down 1.2 mbpd MoM; Russia crude output and exports decline (Mixed)
IEA cuts oil demand growth estimates for 2025–26; oil stockpiles rose sharply in 2025 (Neutral to Negative for oil prices)
Nephrocare Health Services: Acquires dialysis assets in Philippines for PHP 49.4 mn (Positive – overseas expansion)
Ramco Systems: Launches AI agent “Chia” to automate customer support (Positive – product innovation)
- February 13, 2026 07:23
Q3 results update: Natco Pharma, Lumax Auto, and more
Natco Pharma: Q3 revenue ₹650 cr (+36.8% YoY); EBITDA ₹159 cr (+310% YoY); margin expands to 24.5%; PAT ₹150 cr (+12.8% YoY); dividend ₹1.5/sh (Positive)
Lumax Auto Technologies: Q3 revenue ₹1,270 cr (+41% YoY); EBITDA ₹176 cr (+49% YoY); PAT ₹82.5 cr (+84% YoY) (Strong Positive)
RedTape: Q3 revenue ₹790 cr (+19.7% YoY); EBITDA ₹171 cr (+33.6% YoY); PAT ₹105 cr (+43.6% YoY) (Positive)
3M India: Q3 revenue ₹1,230 cr (+12.8% YoY); EBITDA ₹231 cr (+50% YoY); margin improves to 18.8% (Positive)
Astra Microwave Products: Q3 EBITDA ₹79.9 cr (+4.9% YoY); margin improves to 30.9%; PAT largely flat YoY (Stable-Positive)
Mold-Tek Technologies: Q3 EBITDA ₹5.4 cr (+100% YoY); PAT ₹3.9 cr vs ₹0.5 cr YoY (Positive)
Sumeet Industries: Q3 PBT ₹9.2 cr vs ₹0.6 cr YoY; revenue ₹267 cr (+6.8% YoY) (Improving)
Welspun Living: Q3 revenue ₹2,260 cr (-9.6% YoY); EBITDA ₹160 cr (-43% YoY); PAT drops sharply to ₹1 cr (Negative)
West Coast Paper Mills: Q3 revenue ₹1,050 cr (+4% YoY); EBITDA ₹76.7 cr (-7% YoY); PAT ₹26.9 cr (-58% YoY) (Negative)
RattanIndia Enterprises: Q3 revenue ₹2,000 cr (+4.3% YoY); EBITDA loss narrows; net loss ₹160 cr (Loss-making, marginal improvement)
Sukhjit Starch & Chemicals: Q3 PAT ₹3.1 cr vs ₹10.8 cr YoY (Negative)
- February 13, 2026 07:22
TVS Srichakra – Q3 Results
* Revenue: ₹917 cr vs ₹800 cr → +14.6% YoY (Positive)
* EBITDA: ₹78.3 cr vs ₹44.4 cr → +76.4% YoY (Strong)
* EBITDA Margin: 8.5% vs 5.5% YoY → Sharp expansion
* Net Profit: ₹11.2 cr vs Loss ₹6.0 cr YoY → Turnaround
* Net Profit Margin (NPM): 1.2%
Key Takeaway:
TVS Srichakra posted a strong operational turnaround, with sharp margin improvement and return to profitability. Performance is clearly improving.
- February 13, 2026 07:22
Aeroflex Enterprises – Q3 Results
* Revenue: ₹190 cr vs ₹160 cr → +18.8% YoY (Positive)
* EBITDA: ₹37.8 cr vs ₹28.7 cr → +31.7% YoY (Strong)
* EBITDA Margin: 19.7% vs 18.2% YoY → Improvement
* Net Profit: ₹16.0 cr vs ₹14.0 cr → +14.3% YoY (Positive)
* Net Profit Margin (NPM): 8.4%
Key Takeaway:
Aeroflex delivered a healthy Q3, supported by strong operating leverage and margin expansion. Overall performance is positive and improving.
- February 13, 2026 07:22
Deccan Cements – Q3 Results
* Revenue: ₹130 cr vs ₹115 cr → +13.0% YoY (Positive)
* EBITDA: ₹11.4 cr vs ₹8.7 cr → +31.0% YoY (Improving)
* EBITDA Margin: 8.7% vs 7.5% YoY → Expansion
* Net Profit: Loss ₹0.6 cr vs Profit ₹0.8 cr YoY (Weak)
* Net Profit Margin (NPM): -0.4%
Key Takeaway:
Operational performance improved with strong EBITDA growth and margin expansion. However, the company slipped into a net loss, indicating pressure at the bottom line despite revenue growth.
- February 13, 2026 07:21
Hindustan Aeronautics Ltd (HAL) – Q3 Results
Period: Q3 | Comparison: YoY
Date: 12 Feb 2026
Financial Performance (₹ crore):
* Revenue: ₹7,699 cr vs ₹7,000 cr → +10.0% YoY (Positive)
* EBITDA: ₹1,871 cr vs ₹1,682 cr → +11.2% YoY (Improving)
* EBITDA Margin: 24.3% vs 24.2% YoY → Stable to slightly improving
* Net Profit: ₹1,850 cr vs ₹1,440 cr → +28.5% YoY (Strong)
* Net Profit Margin (NPM): ~24.0%
Dividend:
* Declared Dividend: ₹35 per share
Key Takeaway:
HAL delivered a strong Q3 performance with double-digit revenue and EBITDA growth and sharp profit expansion. Margins remained stable at healthy levels, and the dividend announcement adds to shareholder returns. Overall performance is positive and improving, supported by strong operational execution.
- February 13, 2026 07:21
HCC Q3 FY26: Order Book at ₹13,148 Cr, Margins Improve 📊 | MCap 5,000.56 Cr
* Standalone net profit of ₹85.9 crore in Q3 FY26, reversing from a loss of ₹216.4 crore in Q3 FY25
* Standalone revenue from operations at ₹921.8 crore in Q3 FY26, down from ₹1,002.1 crore year-over-year
* EBITDA margin improved to 15.2% in Q3 FY26 from 14.7% in Q3 FY25
* Order book stands at ₹13,148 crore as of December 31, 2025
* Secured new orders worth ₹1,478 crore in joint venture with Northern Frontier Railways (65% stake)
* Lowest bidder for projects worth ₹2,675 crore with robust bid pipeline of approximately ₹53,820 crore
* Rights issue of ₹1,000 crore oversubscribed by 200%, strengthening balance sheet
* Progress on key infrastructure projects including Patna Metro and Indore Metro
- February 13, 2026 07:21
Stock market live: ADR performance
Infosys ADR -10%
Wipro ADR -4.6%
Globant -11%
EPAM -8.3%
Cognizant -7%
Accenture -3.66%
- February 13, 2026 07:20
WATCH: Today's stock recommendation
- February 13, 2026 07:15
NPST Q3 net profit more than doubles to ₹12 crore; revenue jumps 148%
- February 13, 2026 06:54
Q3 results: ONGC Q3FY26 profit jumps 23% to ₹11,946 crore despite lower crude realisation
- February 13, 2026 06:46
Stock in focus: Inox Clean Energy partners RJ Corp to launch 570 MW renewable projects in Africa
- February 13, 2026 06:37
Base metals outlook: Copper, Aluminium, Zinc, Lead & Nickel: Will the rally sustain in 2026?
- February 13, 2026 06:36
Trading Guide For February 13, 2026: Intraday supports, resistances for Nifty50 stocks
- February 13, 2026 06:36
Stock to buy today: Life Insurance Corporation of India (₹880.75)
Published on February 13, 2026
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