Business

19

Feb

By The Press Editor

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Business

BSE-listed pharma stock trades in green even as Sensex drops 1%, check full details

Mumbai: Shares of Sudarshan Pharma Industries Ltd are in focus after the small-cap pharma and chemical company shared key updates in its latest exchange filing following market hours on Wednesday. At the time of writing the report, the BSE-listed stock was trading 1.75 per cent higher at Rs 26.13 against the previous close of Rs 25.68. The action in stock comes even as the Sensex is down by 850.59 points, or 1.02 per cent, at 82,883.66. Meanwhile, the BSE has placed the stock under the Short Term Additional Surveillance Measure Stage 1 (ST ASM-1) framework. Hyderabad plant receives GMP certification…

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19

Feb

By The Press Editor

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Business

300% return in 1 year: Multibagger FMCG stock gains in early trade, details here

Mumbai: Shares of Elitecon International Ltd., a mid-cap company engaged in the manufacturing of cigarettes and tobacco products, witnessed a sharp rise in Thursday’s morning trade. The company currently has a market capitalisation of Rs 12,508.26 crore. The multibagger stock was trading at Rs 78.76, up 4.03 per cent or Rs 3.05, on the BSE. As per BSE data, 2,90,943 equity shares changed hands during the session. The stock opened at Rs 78.70 and touched an intraday high of Rs 79.31. 297 per cent return in 1 year The stock has delivered a return of 297 per cent over the…

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19

Feb

By The Press Editor

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Business

Noida, Ghaziabad join Gurugram in luxury homes demand surge: Will premium segment continue to outperform?

New Delhi: Luxury housing across NCR has registered a sharp uptick, with projects witnessing stronger sales velocity and steady price appreciation over the past year. While Gurugram has traditionally anchored the high-end residential market, recent data and transaction trends indicate that the momentum is now spreading eastward. Noida, Greater Noida, and parts of Ghaziabad are emerging as active participants in the luxury cycle, supported by rising launches and improved absorption. Key corridors along the Noida Expressway, Dwarka Expressway and NH-24 are drawing upgraded demand, with infrastructure upgrades and enhanced connectivity acting as primary growth catalysts. Price Appreciation Outpaces Other Metro…

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19

Feb

By The Press Editor

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Business

YEIDA to develop several new sectors near Jewar Airport, acquires 2,700 acre of land

Noida: Following the construction of Jewar Airport or Noida International Airport, demand for land in Yamuna City has increased significantly. In the financial year 2025–26, the Yamuna Expressway Industrial Development Authority (YEIDA) purchased 2,700 acres of land from farmers for Rs 4,856 crore for new companies and development projects, including previously planned sectors. The acquisition has resolved land availability issues that had stalled projects due to disputes in existing sectors and has also accelerated new developments. Land Acquisition Under Master Plan 2041 YEIDA officials stated that land acquisition is ongoing to develop sectors planned under the Master Plan 2041. So…

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19

Feb

By The Press Editor

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Business

Auto stock jumps nearly 20% despite weak market, check share price and other details

Mumbai: Even as benchmark indices declined more than 1 per cent, shares of Pavna Industries Limited traded in the green on Thursday. The company, which supplies auto components to major automakers including Bajaj, Kawasaki, Honda, TVS, Mahindra, Escorts and Royal Enfield, saw strong buying interest during the session. The stock opened in the red at Rs 23.40 against the previous close of Rs 23.74 on the BSE. However, it rallied to an intraday high of Rs 28.45, marking a gain of 19.83 per cent. At the time of the last trade, the scrip was quoting at Rs 25.28, up 6.49…

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19

Feb

By The Press Editor

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Business

Smallcap stock under Rs 50 defies market trends, hits 5% upper circuit: Check details

Mumbai: Shares of Spice Lounge Food Works Ltd, a small-cap company with a market capitalisation of Rs 2,613.51 crore, hit the 5 per cent upper circuit on Thursday, even as broader markets remained volatile. Prior to this, the stock had declined for five consecutive trading sessions. The counter has delivered a 164 per cent return over the past year, more than doubling investors’ money. The counter started the trading session in the red at Rs 33.93 against the previous close of Rs 35.71. However, it rebounded and touched the high of Rs 37.49.  Stock performance overview According to BSE Analytics,…

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19

Feb

By The Press Editor

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Business

Reliance to invest Rs 10 lakh crore in AI over next 7 years, says Mukesh Ambani

New Delhi: Billionaire Mukesh Ambani on Thursday said that Jio, along with Reliance Industries Ltd (RIL), will invest Rs 10 lakh crore over the next seven years, starting this year, to build AI capabilities and infrastructure. The investment underscores the group’s long-term commitment to advancing AI in India. He also said his group aims to reduce the cost of AI, just as it lowered the cost of mobile data in India. Emphasising that making AI affordable will be crucial in ensuring widespread adoption and equitable access, Ambani said the best of AI is yet to come and that the technology…

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19

Feb

By The Press Editor

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Business

TCS shares gain as TATA Group partners with OpenAI to build AI infrastructure with 100MW capacity

Mumbai: Shares of IT major Tata Consultancy Services (TCS) gained on Thursday after the company informed exchanges that Tata Group and OpenAI have announced a multi-dimensional strategic partnership. The stock opened in the green at Rs 2,716.25 against the previous close of Rs 2,694.60 on the BSE. It surged further to touch an intraday high of Rs 2,748, marking a gain of 1.98 per cent. At the time of last trade, the scrip was quoting at Rs 2,706.90, up 0.46 per cent, even as the BSE declined 647.85 points or 0.77 per cent to 83,086.40. The company’s market capitalisation stood…

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19

Feb

By The Press Editor

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Business

Gold, silver prices fall on MCX as dollar strengthens, recover later | Check city-wise rates

Mumbai: Rates of precious metals in futures trade ticked lower on Thursday, February 19, 2026, as the US dollar strengthened ahead of the key US inflation data. The gold April 2 contract on the Multi Commodity Exchange (MCX) opened with a fall of Rs 629 or 0.40 per cent at Rs 1,55,761 per 10 grams against the previous close of Rs 1,55,761. It dipped further to hit the low of Rs 1,55,116, before rebounding and touching the high of Rs 1,56,357 a gain of Rs 596 or 0.38 per cent. Last seen, the precious metal futures were trading at Rs…

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19

Feb

By The Press Editor

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Business

IRCTC to Alkem Laboratories: These shares to trade ex-date soon, check dividend amount and other details

Mumbai: Indian equity benchmark indices Sensex and Nifty ended the session on a firm note, driven by last-hour buying in bank, metal and FMCG shares. The Nifty ended 93.95 points higher at 25,819.35, while the Sensex was up by 283.29 points at 83,734.25. Foreign Institutional Investors (FIIs) remained buyers and bought equities worth Rs 1,154.34 crore. Domestic Institutional Investors (DIIs) also bought equities worth Rs 440.34 crore. Amid this volatility, there is an opportunity for investors to earn some additional profit from their investment as stocks of several companies are set to trade ex-date for dividends. Investors must note that…

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