Business

13

Feb

By The Press Editor

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Business

Stock under Rs 50 ends in green even as benchmark indices ended over 1% lower, check details

Mumbai: Shares of the railway signalling system and LED display manufacturing company, MIC Electronics Ltd, ended today's trading session in green even as benchmark indices tumbled over 1 per cent. The stock ended the session at Rs 41.81 with a gain of 0.34 per cent. The market cap of the company stood at Rs 1,007.67 crore. Earlier, the stock started the trading session in the red at Rs 41.45 against the previous close of Rs 41.67. During the day, it touched the intraday high and low of Rs 42.88 and Rs 40.80, respectively. MIC Electronics Q3FY26 Results: Revenue Surges 80…

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13

Feb

By The Press Editor

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Business

Smallcap real estate stock delivers 11,430% returns in 5 years, in focus after quarterly results

Mumbai: Infra-to-energy player Hazoor Multi Projects Ltd., a small-cap company that has delivered returns of over 11,000 per cent over the past five years, is on investors’ radar today as the company has released its December quarter (Q3FY26) results. As of last seen, the company’s stock was trading at Rs 34.59 on the BSE, down 2.76 per cent or Rs 0.98. According to BSE Analytics, the stock has tripled investors’ money in three years, delivering a 260 per cent return, and a remarkable 11,430 per cent return over five years. Its current market capitalisation is over Rs 800 crore. Q3FY26…

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13

Feb

By The Press Editor

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Business

Logistics stock in focus post Q3FY26 results, here’s who it trades amid broader market weakness

Mumbai: Tiger Logistics (India) Ltd, a small-cap logistics solutions company, has remained on investors’ radar since the announcement of its third-quarter results. The stock had surged 15 per cent after the results were declared on Thursday. However, on Friday, February 13, the stock traded at Rs 34.01 on the NSE, down 8.62 per cent or Rs 3.21. On the BSE, the stock was trading at Rs 34, down 8.28 per cent or Rs 3.07. Q3FY26 Financial Performance The company’s net profit declined to Rs 59.4 million, compared to Rs 84.2 million in the same quarter last year. Revenue fell 13.4…

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12

Feb

By The Press Editor

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Business

Infosys, TCS, Wipro, Tech Mahindra among other IT stocks that fell up to 5% today – Here’s why

The weakness also dragged the Nifty 50, with the benchmark trading at 25,849.50, down by 104.35 or 0.40 per cent, at the time of writing the report. Mumbai: Shares of information technology (IT) companies like Infosys, TCS and Wipro fell up to 5 per cent in the early trading session on Thursday, February 12, 2026, amid a sell-off in global technology stocks. Most stocks were under pressure, with the Nifty IT Index dropping 4.62 per cent today, making it the top sectoral loser. The weakness also dragged the Nifty 50, with the benchmark trading at 25,849.50, down by 104.35 or…

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12

Feb

By The Press Editor

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Business

‘Better to abolish RERA’: Supreme Court slams Real Estate Regulatory Authorities, says it benefits builders

The Supreme Court criticised the functioning of RERA, saying it benefits defaulting builders and may be better abolished. The court also stayed a High Court order on shifting the RERA office to Dharamshala. New Delhi: The Supreme Court on Thursday made scathing remarks on the functioning of Real Estate Regulatory Authorities (RERA), observing that it may be better to abolish the institution as it appears to benefit builders rather than homebuyers. During the proceedings, Chief Justice of India (CJI) Surya Kant questioned the effectiveness of RERA and expressed concern over its functioning. ‘It Only Benefits Builders’ The CJI remarked that the…

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12

Feb

By The Press Editor

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Business

Auto stock rise after 297% jump in profit in third quarter, markets remains volatile

The auto stock traded higher after reporting a 297 per cent YoY jump in Q3FY26 net profit. Revenue rose 36 per cent and EBITDA grew 30.15 per cent in the December quarter. Mumbai: Shares of Pavna Industries Limited, a supplier of auto components to passenger vehicles, two-wheelers, three-wheelers, and light and heavy commercial vehicles, were in focus after the company announced its December quarter results. The company released its Q3 results after market hours on Wednesday, and the stock traded in the green in the following session. At the time of writing the report, the stock was trading at Rs…

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12

Feb

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Business

NFO alert: HDFC MF launches Nifty India Consumption Index Fund, subscription to end on this date – Details

HDFC Mutual Fund has launched the HDFC Nifty India Consumption Index Fund. The NFO opened on February 4 and will close on February 13, 2026. Check investment details, minimum amount, and fund objective. New Delhi: HDFC Mutual Fund (HDFC MF) has launched the HDFC Nifty India Consumption Index Fund. According to the information shared, the scheme is designed to provide investors with exposure to companies expected to benefit from India’s long-term consumption growth. The New Fund Offer (NFO) opened on February 4, 2026, and will close on February 13, 2026. Investment objective and benchmark The HDFC Nifty India Consumption Index…

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12

Feb

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Business

Budget 2026 push for Tier II, III cities and temple towns: Will it spark realty boom in Lucknow, Prayagraj?

Union Budget 2026’s focus on Tier II, III cities and temple towns, along with CER allocations and infrastructure push, is expected to boost real estate demand in Lucknow, Prayagraj, Ayodhya and Mathura-Vrindavan. New Delhi: The government’s intent to decentralise India’s growth story, shifting focus from saturated metros to Tier II and Tier III cities, as well as temple towns with rising economic significance, is likely to fuel realty growth in small cities. An allocation of Rs 5000 crore per CER over five years announced in the Union Budget 2026 is proposed for implementing their plans through a challenge mode with…

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12

Feb

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Business

Stock under Rs 100 in focus after Rs 73 crore contract win, check full details

The shares of the company are in focus after signing a Rs 73 crore LoI for the ‘Primarc Aadvika’ project. The company also plans an NSE listing and approved a 70 per cent stake in Solar Agro-Parks. Mumbai: Shares of renewable energy player RDB Infrastructure and Power (RDBIPL) are in focus after the company shared an important business update in its latest exchange filing. The company informed investors that it has signed a non-binding Letter of Intent (LoI) with M/s Primarc Projects Private Limited for the construction of the sub-structure and super-structure of the proposed project ‘Primarc Aadvika’. Details of…

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12

Feb

By The Press Editor

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Business

330% return in 1 year: FMCG stock drops after gap up opening, check share price

An FMCG stock opened 3.79% higher but later hit the 5% lower circuit before trimming losses. The stock has delivered multibagger returns over five and three years and is under ST ASM-4 surveillance. Mumbai: Shares of fast-moving consumer goods (FMCG) started today's trading session gap up at Rs 81.70 with a gain of 3.79 per cent from the previous close of Rs 78.72 on the BSE. It gained further to hit the high of Rs 82.25, a jump of 4.48 per cent from the previous close. However, the stock witnessed a trend reversal and dipped to touch the low of…

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