< -5%

Sika Interplant

Unimech Aerospa

-5% to -3%

Jaykay Ent

Rossell Techsys

Taal Tech

Taneja Aerospac

Astra Microwave

Paras Defence

C2C Advanced

Apollo Micro Sy

-3% to 0%

Data Patterns

Krishna Defence

Zen Tech

Axiscades Tech

Bharat Dynamics

Bharat Elec

Hindustan Aeron

0% to 3%

Azad Eng

MTAR

NIBE

3% to 5%

Goldman Sachs buys additional 0.7% stake in Aye Finance, BofA Securities Europe SA picks up 0.81% stake in Engineers India, Pine Oak Global Fund buys 2.17% stake in Vardhman Polytex

* Goldman Sachs buys additional 0.7% stake in Aye Finance
* BofA Securities Europe SA picks up 0.81% stake in Engineers India
* Pine Oak Global Fund buys 2.17% stake in Vardhman Polytex

shorts/business/goldman-sachs-buys-additional-0-7-percent-stake-in-aye-finance-on-listing-day

* Goldman Sachs buys additional 0.7% stake in Aye Finance
* BofA Securities Europe SA picks up 0.81% stake in Engineers India
* Pine Oak Global Fund buys 2.17% stake in Vardhman Polytex

Goldman Sachs Funds has acquired additional 0.7 percent equity stake in Aye Finance, the professionally managed non-banking finance company, via open market transactions on February 16.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-nbfc/ayefinance/AFL04">Aye Finance</a> shares closed the first session at Rs 128.91, down 0.07 percent after hitting an intraday high-low of Rs 133.8-120.55.

Goldman Sachs India Equity Portfolio has bought 16.80 lakh shares (equivalent to 0.68 percent of paid-up equity) in Aye Finance at Rs 128.11 per share, amounting to Rs 21.5 crore

This is in addition to 3.38 percent stake already held by Goldman Sachs in Aye Finance.

Meanwhile, <a href="https://www.moneycontrol.com/india/stockpricequote/engineering/engineersindia/EI14">Engineers India</a> shares attracted significant buying interest on Monday, rising sharply by 12.37 percent to Rs 226.62 (the highest closing level since July 25, 2025) amid high volumes. BofA Securities Europe SA has picked up 45.97 lakh shares (0.81 percent stake) in Engineers India at Rs 217.06 per share, valued at Rs 99.8 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/travel-services/easytripplanners/ETP01">Easy Trip Planners</a> shares surged nearly 20 percent to Rs 7.92 amid strong volumes after three-day losing streak. Craft Emerging Market Fund PCC through Citadel Capital Fund has acquired 2 crore shares (0.5 percent stake) in the online travel company at Rs 6.77 per share, amounting to Rs 13.54 crore.

The action was also seen in <a href="https://www.moneycontrol.com/india/stockpricequote/textiles-spinning-cotton-blended/vardhmanpolytex/VP09">Vardhman Polytex</a>, which shares rallied 7 percent to Rs 7.93. Pine Oak Global Fund has bought 1 crore shares (2.17 percent stake) of the cotton, polyester, and blended yarns manufacturer at Rs 7.4 per share, valued at Rs 7.4 crore, however, Ekjot Singh Chawla sold 1.1 crore shares (2.39 percent stake) at Rs 7.46 per share for Rs 8.2 crore.

Ekjot Singh Chawla was holding 3.27 percent stake in Vardhman Polytex as of December 2025.

<img class="alignnone size-full wp-image-13831098 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260216201558_Image1516022026.jpg" alt="Image1516022026" width="700" height="1621" />

Ownership, Material Conflicts of Interest and Disciplinary History

MCD is a wholly owned subsidiary of Network 18 Media & Investments Ltd ("Network18"), in which Independent Media Trust (IMT) holds 56.89% stake. Reliance Industries Limited ("RIL") is the sole beneficiary of IMT. Network18 and RIL and their subsidiaries, joint ventures and associates can be considered as associates of MCD.

Details of Associate

Receipt of Compensation

Third-Party Compensation

Employment History

Market-Making Activities

Use of Artificial Intelligence

Goldman Sachs buys additional 0.7 percent stake in Aye Finance on listing day

Goldman Sachs Funds has acquired additional 0.7 percent equity stake in Aye Finance, the professionally managed non-banking finance company, via open market transactions on February 16.

Aye Finance shares closed the first session at Rs 128.91, down 0.07 percent after hitting an intraday high-low of Rs 133.8-120.55.

Goldman Sachs India Equity Portfolio has bought 16.80 lakh shares (equivalent to 0.68 percent of paid-up equity) in Aye Finance at Rs 128.11 per share, amounting to Rs 21.5 crore

This is in addition to 3.38 percent stake already held by Goldman Sachs in Aye Finance.

Meanwhile, Engineers India shares attracted significant buying interest on Monday, rising sharply by 12.37 percent to Rs 226.62 (the highest closing level since July 25, 2025) amid high volumes. BofA Securities Europe SA has picked up 45.97 lakh shares (0.81 percent stake) in Engineers India at Rs 217.06 per share, valued at Rs 99.8 crore.

Easy Trip Planners shares surged nearly 20 percent to Rs 7.92 amid strong volumes after three-day losing streak. Craft Emerging Market Fund PCC through Citadel Capital Fund has acquired 2 crore shares (0.5 percent stake) in the online travel company at Rs 6.77 per share, amounting to Rs 13.54 crore.

The action was also seen in Vardhman Polytex, which shares rallied 7 percent to Rs 7.93. Pine Oak Global Fund has bought 1 crore shares (2.17 percent stake) of the cotton, polyester, and blended yarns manufacturer at Rs 7.4 per share, valued at Rs 7.4 crore, however, Ekjot Singh Chawla sold 1.1 crore shares (2.39 percent stake) at Rs 7.46 per share for Rs 8.2 crore.

Ekjot Singh Chawla was holding 3.27 percent stake in Vardhman Polytex as of December 2025.

GMR Airports shares surged 7 percent after strong Q3 results, FirstCry shares plunged over 11 percent, hitting a 52-week low, GMR Airports Q3 revenue rose 50.5 percent YoY to Rs 3,994 crore

* GMR Airports shares surged 7 percent after strong Q3 results
* FirstCry shares plunged over 11 percent, hitting a 52-week low
* GMR Airports Q3 revenue rose 50.5 percent YoY to Rs 3,994 crore

GMR Airports shares surged nearly 7% after strong Q3 results, with revenue up 50.5% YoY but net profit down 14%. FirstCry-parent Brainbees Solutions shares plunged over 11% as quarterly losses widened despite a 12% rise in revenue.

shorts/business/q3-results-impact-gmr-airports-shares-surge-7-firstcry-down-11

* GMR Airports shares surged 7 percent after strong Q3 results
* FirstCry shares plunged over 11 percent, hitting a 52-week low
* GMR Airports Q3 revenue rose 50.5 percent YoY to Rs 3,994 crore

The shares of GMR Airports sharply surged on February 16 after the company's strong Q3 results boosted investor sentiment. The shares of FirstCry-parent Brainbees Solutions meanwhile tumbled.

GMR Airports shares rallied nearly 7 percent to end the session on Monday at Rs 100.60 apiece, the highest closing level seen by the stock in more than a month.

On the other hand, FirstCry shares plunged over 11 percent to close at Rs 239.45 apiece. Earlier during the day, the stock dropped more than 12 percent to hit a fresh 52-week low of Rs 236.80 apiece.
<h3><strong>GMR Airports Q3 Results:</strong></h3>
<a href="https://www.moneycontrol.com/india/stockpricequote/transport-infrastructure/gmrairports/GI27">GMR Airports</a> reported consolidated revenue from operations at Rs 3,994 crore for the October-December quarter of the ongoing financial year 2026. This marks a 50.5 percent year-on-year rise from the Rs 2,653 crore revenue from operations reported in the corresponding quarter of the previous financial year.

The firm's net profit meanwhile declined around 14 percent YoY to Rs 173.96 crore in Q3 FY26, from Rs 202.1 crore in Q3 FY25.

Jefferies maintained its 'Buy' rating on the stock, with a target price of Rs 125 apiece. This implies an upside potential of nearly 33 percent from the stock’s previous closing price. The international brokerage said that the company delivered another strong quarterly earnings despite soft passenger traffic trends.

Citi reiterated its ‘Buy’ call on the stock, with a target price of Rs 109 apiece. This implies an upside potential of nearly 16 percent from the stock’s previous closing price.
<h3><strong>FirstCry Q3 Results:</strong></h3>
<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/brainbeessolutions/BSL06">FirstCry</a>-parent Brainbees Solutions on February 13 reported a consolidated net loss of Rs 28.43 crore for the third quarter of FY26, as against a net loss of Rs 7.79 crore reported in the corresponding quarter of the previous financial year.

The company’s quarterly losses widened due to quick-commerce-led discounting, supply disruptions and lower margins. This however included a one-time exceptional cost arising out of the implementation of the new labour codes which took effect last year.

The company's revenue from operations meanwhile rose nearly 12 percent YoY to Rs 2,423.63 crore during the quarter under review, from Rs 2,172.31 crore in the year-ago period. Adjusted EBITDA grew more than 11 percent to Rs 153.8 crore, while adjusted EBITDA margin slightly declined to 6.3 percent.

Follow all updates from the <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-positive-start-us-asian-markets-mixed-liveblog-13829091.html">stock markets</a> here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Q3 results impact: GMR Airports shares surge 7%, FirstCry down 11%

The shares of GMR Airports sharply surged on February 16 after the company's strong Q3 results boosted investor sentiment. The shares of FirstCry-parent Brainbees Solutions meanwhile tumbled.

GMR Airports shares rallied nearly 7 percent to end the session on Monday at Rs 100.60 apiece, the highest closing level seen by the stock in more than a month.

On the other hand, FirstCry shares plunged over 11 percent to close at Rs 239.45 apiece. Earlier during the day, the stock dropped more than 12 percent to hit a fresh 52-week low of Rs 236.80 apiece.
GMR Airports Q3 Results:
GMR Airports reported consolidated revenue from operations at Rs 3,994 crore for the October-December quarter of the ongoing financial year 2026. This marks a 50.5 percent year-on-year rise from the Rs 2,653 crore revenue from operations reported in the corresponding quarter of the previous financial year.

The firm's net profit meanwhile declined around 14 percent YoY to Rs 173.96 crore in Q3 FY26, from Rs 202.1 crore in Q3 FY25.

Jefferies maintained its 'Buy' rating on the stock, with a target price of Rs 125 apiece. This implies an upside potential of nearly 33 percent from the stock’s previous closing price. The international brokerage said that the company delivered another strong quarterly earnings despite soft passenger traffic trends.

Citi reiterated its ‘Buy’ call on the stock, with a target price of Rs 109 apiece. This implies an upside potential of nearly 16 percent from the stock’s previous closing price.
FirstCry Q3 Results:
FirstCry-parent Brainbees Solutions on February 13 reported a consolidated net loss of Rs 28.43 crore for the third quarter of FY26, as against a net loss of Rs 7.79 crore reported in the corresponding quarter of the previous financial year.

The company’s quarterly losses widened due to quick-commerce-led discounting, supply disruptions and lower margins. This however included a one-time exceptional cost arising out of the implementation of the new labour codes which took effect last year.

The company's revenue from operations meanwhile rose nearly 12 percent YoY to Rs 2,423.63 crore during the quarter under review, from Rs 2,172.31 crore in the year-ago period. Adjusted EBITDA grew more than 11 percent to Rs 153.8 crore, while adjusted EBITDA margin slightly declined to 6.3 percent.

Follow all updates from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Indian IT stocks drop for fourth session over AI concerns, Brokerages divided on IT outlook: JP Morgan cautious, Macquarie positive, IT stock drop seen as fear-driven, not based on fundamentals

* Indian IT stocks drop for fourth session over AI concerns
* Brokerages divided on IT outlook: JP Morgan cautious, Macquarie positive
* IT stock drop seen as fear-driven, not based on fundamentals

Indian IT stocks fell for a fourth session amid AI-driven competition fears. JP Morgan sees downside risk, urging adaptation to disruptive tech, while Macquarie views the decline as fear-driven, suggesting investors buy as demand trends improve.

shorts/business/it-stocks-recover-jpmorgan-analyst-remains-cautious-macquarie-says-ai-disruption-worries-are-overdone

* Indian IT stocks drop for fourth session over AI concerns
* Brokerages divided on IT outlook: JP Morgan cautious, Macquarie positive
* IT stock drop seen as fear-driven, not based on fundamentals

The shares of Indian IT companies have seen strong volatility recently, as worries around artificial intelligence-led disruption weighed on the near-term outlook. Analysts from two international brokerages remain divergent on their views about the sector, with one remaining cautious, while the other optimistic.

The fall in heavyweights like <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/infosys/IT">Infosys</a>, Tech Mahindra and more pushed the <a href="https://www.moneycontrol.com/indian-indices/nifty-it-19.html">Nifty IT index</a> down more than 1 percent earlier during the day. However, the index then made strong recovery, snapping a three-session losing streak to close in the green at 32,799.90. This came as mid-cap IT stocks like <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/coforge/NII02">Coforge</a> and <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/persistentsystems/PS15">Persistent Systems</a> gained up to 3 percent.
<h3><strong>Why IT stocks have been volatile recently?</strong></h3>
The sharp decline in IT stocks began earlier this month amid concerns that artificial intelligence can intensify competition after Anthropic's launch of a legal AI tool. Investors remained concerned that AI was creating more competition for software makers, after Anthropic’s launch of a legal tool for its Claude AI chatbot.

Vaqarjaved Khan, Senior Fundamental Analyst at Angel One, said that the weak sentiment was amplified by global tech sector weakness and rupee depreciation, exacerbating FPI outflows.

US job growth unexpectedly increased in January and the unemployment rate fell to 4.3 percent. These signs of labor market stability could give the Federal Reserve room to keep interest rates unchanged for some time while policymakers monitor inflation.

However, the sharp increase in payrolls was seen in the health sector. According to economists quoted by Reuters, job openings and other indicators pointed to a tepid labor market, adding that job growth remained concentrated in the healthcare and social services industries, which accounted for nearly all the rise in employment.

"The only jobs being filled in January are in health care and social assistance, along with some nonresidential specialty trade contractors probably related to AI facilities, all of which do not guarantee the economy's future success," the report quoted Christopher Rupkey, chief economist at FWDBONDS, as saying. "If you are looking for a job ... you are unlikely to find anything to apply for in today's report,” he added.
<h3><strong>JPMorgan on IT:</strong></h3>
JPMorgan Head of Asia &amp; Co-Head of Global Emerging Markets Equity Strategy, Rajiv Batra, noted that markets will side towards those IT companies who show the ability to adapt to such disruptive technologies at a cheaper rate than the global peers.

While speaking to CNBC-TV18, the analyst said that valuations still seem high in comparison to earnings, hence investors must look at growth prospects. He added that he sees "substantial downside" to IT stocks from here.

In an earlier note titled 'India IT Services: Looking through the AI fog', JPMorgan's Asian Pacific Equity Research team argued that artificial intelligence will create new areas of work, instead of simply shrinking the opportunities for IT vendors.

"IT firms remain the plumbers of the technology world…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," it added.
<h3><strong>Macquarie on IT:</strong></h3>
Ravi Menon, Lead Analyst at Macquarie Group, meanwhile said that people underestimate the demand elasticity in technology. He said that AI won't change much as the cost of coding has always been dropping.

"Back in 2012-13, when the 'Low code no code' tools started emerging, this was a concern. But that actually became the fastest growing practices for Indian IT services firms over the time. So I don't think the new AI tools are any cause of concern for people. Firms should adapt to these tools, and change the business model a little to price a lot more on the outcome," he said while speaking to CNBC-TV18.

He added that the latest AI inventions don’t seem to be anything that is significantly disruptive. The recent fall in IT stocks is led by fear more than fundamentals, and the disruption worries are likely overdone, he further said.

According to Menon, this is the phase where investors should start buying fairly aggressively. However, he said that some of the large-caps may see 10 percent downside in the worst-case scenario. He added that demand trends are improving, and guidance in April could trigger a PE rerating in IT stocks.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-positive-start-us-asian-markets-mixed-liveblog-13829091.html">LIVE updates</a> from the stock markets here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

IT stocks recover: JPMorgan analyst remains cautious, Macquarie says AI disruption worries are overdone

The shares of Indian IT companies have seen strong volatility recently, as worries around artificial intelligence-led disruption weighed on the near-term outlook. Analysts from two international brokerages remain divergent on their views about the sector, with one remaining cautious, while the other optimistic.

The fall in heavyweights like Infosys, Tech Mahindra and more pushed the Nifty IT index down more than 1 percent earlier during the day. However, the index then made strong recovery, snapping a three-session losing streak to close in the green at 32,799.90. This came as mid-cap IT stocks like Coforge and Persistent Systems gained up to 3 percent.
Why IT stocks have been volatile recently?
The sharp decline in IT stocks began earlier this month amid concerns that artificial intelligence can intensify competition after Anthropic's launch of a legal AI tool. Investors remained concerned that AI was creating more competition for software makers, after Anthropic’s launch of a legal tool for its Claude AI chatbot.

Vaqarjaved Khan, Senior Fundamental Analyst at Angel One, said that the weak sentiment was amplified by global tech sector weakness and rupee depreciation, exacerbating FPI outflows.

US job growth unexpectedly increased in January and the unemployment rate fell to 4.3 percent. These signs of labor market stability could give the Federal Reserve room to keep interest rates unchanged for some time while policymakers monitor inflation.

However, the sharp increase in payrolls was seen in the health sector. According to economists quoted by Reuters, job openings and other indicators pointed to a tepid labor market, adding that job growth remained concentrated in the healthcare and social services industries, which accounted for nearly all the rise in employment.

&quot;The only jobs being filled in January are in health care and social assistance, along with some nonresidential specialty trade contractors probably related to AI facilities, all of which do not guarantee the economy's future success,&quot; the report quoted Christopher Rupkey, chief economist at FWDBONDS, as saying. &quot;If you are looking for a job ... you are unlikely to find anything to apply for in today's report,” he added.
JPMorgan on IT:
JPMorgan Head of Asia &amp;amp; Co-Head of Global Emerging Markets Equity Strategy, Rajiv Batra, noted that markets will side towards those IT companies who show the ability to adapt to such disruptive technologies at a cheaper rate than the global peers.

While speaking to CNBC-TV18, the analyst said that valuations still seem high in comparison to earnings, hence investors must look at growth prospects. He added that he sees &quot;substantial downside&quot; to IT stocks from here.

In an earlier note titled 'India IT Services: Looking through the AI fog', JPMorgan's Asian Pacific Equity Research team argued that artificial intelligence will create new areas of work, instead of simply shrinking the opportunities for IT vendors.

&quot;IT firms remain the plumbers of the technology world…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,&quot; it added.
Macquarie on IT:
Ravi Menon, Lead Analyst at Macquarie Group, meanwhile said that people underestimate the demand elasticity in technology. He said that AI won't change much as the cost of coding has always been dropping.

&quot;Back in 2012-13, when the 'Low code no code' tools started emerging, this was a concern. But that actually became the fastest growing practices for Indian IT services firms over the time. So I don't think the new AI tools are any cause of concern for people. Firms should adapt to these tools, and change the business model a little to price a lot more on the outcome,&quot; he said while speaking to CNBC-TV18.

He added that the latest AI inventions don’t seem to be anything that is significantly disruptive. The recent fall in IT stocks is led by fear more than fundamentals, and the disruption worries are likely overdone, he further said.

According to Menon, this is the phase where investors should start buying fairly aggressively. However, he said that some of the large-caps may see 10 percent downside in the worst-case scenario. He added that demand trends are improving, and guidance in April could trigger a PE rerating in IT stocks.

Follow all LIVE updates from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Bank Nifty rebounds after two-day loss, HDFC Bank leads gains., HDFC Bank rises up to 3 percent; Canara, Axis Bank also advance., Immediate support for Bank Nifty seen at 60,000–59,900 zone.

* Bank Nifty rebounds after two-day loss, HDFC Bank leads gains.
* HDFC Bank rises up to 3 percent; Canara, Axis Bank also advance.
* Immediate support for Bank Nifty seen at 60,000–59,900 zone.

Bank Nifty rebounded after two days of decline, led by gains in HDFC Bank, Canara Bank, and Axis Bank. Technical analysis suggests immediate support at 60,000–59,900; a drop below could extend weakness, while 60,500–60,600 acts as resistance.

shorts/business/bank-nifty-rises-after-two-days-hdfc-canara-bank-lead-gains-what-lies-ahead

* Bank Nifty rebounds after two-day loss, HDFC Bank leads gains.
* HDFC Bank rises up to 3 percent; Canara, Axis Bank also advance.
* Immediate support for Bank Nifty seen at 60,000–59,900 zone.

Bank Nifty rose in Monday’s trade after declining for two consecutive sessions, supported by buying across banking shares.

The index had fallen nearly 1 percent over the previous two sessions but recovered most of the losses during the day.

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/hdfcbank/HDF01">HDFC Bank</a> emerged as the top gainer, rising up to 3 percent. At around 1 pm, the stock was trading at Rs 927.95 apiece on the NSE, up 2.7 percent.

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/canarabank/CB06">Canara Bank</a> advanced 1.95 percent, while Axis Bank gained 1.65 percent.

Among other constituents, Bank of Baroda, Punjab National Bank and Kotak Mahindra Bank rose up to 1 percent.

Eleven of the 14 index constituents were trading higher.

Sudeep Shah, Head – Technical and Derivatives Research at SBI Securities, said Bank Nifty had traded within a 431-point range over the last four sessions and has now broken below the lower end of the consolidation zone.

"The breakdown was accompanied by a bearish daily candle. RSI, which had plateaued near 60, has started turning down, suggesting bulls are losing grip around the key support area," he said.

He added that the immediate support for Bank Nifty is placed in the 20-day EMA zone of 60,000–59,900. "Any sustained move below this zone could lead to the index extending its weakness towards 59,500, followed by 59,000 in the short term. On the upside, the zone of 60,500–60,600 is likely to act as an immediate resistance," Shah said.

<em><strong>Disclaimer</strong>: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.</em>

A financial journalist with over 10 years of experience, specialising in tracking stock market movements and fundamental developments that impact investors and the broader economy. A keen observer of global financial markets, I regularly engage with leading market voices to write stories. At Moneycontrol, I focus on decoding market trends, policy shifts and economic changes, driven by a constant passion to learn, analyse, and share knowledge with my readers.

Bank Nifty rises after two days; HDFC, Canara Bank lead gains: What lies ahead?

Bank Nifty rose in Monday’s trade after declining for two consecutive sessions, supported by buying across banking shares.

The index had fallen nearly 1 percent over the previous two sessions but recovered most of the losses during the day.

HDFC Bank emerged as the top gainer, rising up to 3 percent. At around 1 pm, the stock was trading at Rs 927.95 apiece on the NSE, up 2.7 percent.

Canara Bank advanced 1.95 percent, while Axis Bank gained 1.65 percent.

Among other constituents, Bank of Baroda, Punjab National Bank and Kotak Mahindra Bank rose up to 1 percent.

Eleven of the 14 index constituents were trading higher.

Sudeep Shah, Head – Technical and Derivatives Research at SBI Securities, said Bank Nifty had traded within a 431-point range over the last four sessions and has now broken below the lower end of the consolidation zone.

&quot;The breakdown was accompanied by a bearish daily candle. RSI, which had plateaued near 60, has started turning down, suggesting bulls are losing grip around the key support area,&quot; he said.

He added that the immediate support for Bank Nifty is placed in the 20-day EMA zone of 60,000–59,900. &quot;Any sustained move below this zone could lead to the index extending its weakness towards 59,500, followed by 59,000 in the short term. On the upside, the zone of 60,500–60,600 is likely to act as an immediate resistance,&quot; Shah said.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Kfin Tech shares surged over 7 percent after strong Q3 results, Torrent Pharma net profit rose 26 percent YoY in Q3 FY26, Torrent Pharma declared an interim dividend of Rs 29 per share

* Kfin Tech shares surged over 7 percent after strong Q3 results
* Torrent Pharma net profit rose 26 percent YoY in Q3 FY26
* Torrent Pharma declared an interim dividend of Rs 29 per share

Kfin Technologies and Torrent Pharma shares surged after strong Q3 FY26 results. Kfin Tech's net profit rose 2% YoY to Rs 91.99 crore; Torrent Pharma's net profit jumped 26% YoY to Rs 635 crore. Torrent Pharma also announced a Rs 29 interim dividend.

shorts/business/q3-results-impact-kfin-tech-shares-jump-7-after-strong-december-quarter-earnings-torrent-pharma-up-6

* Kfin Tech shares surged over 7 percent after strong Q3 results
* Torrent Pharma net profit rose 26 percent YoY in Q3 FY26
* Torrent Pharma declared an interim dividend of Rs 29 per share

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/finance-others/kfintechnologies/KT07">Kfin Technologies</a> and Torrent Pharma gained sharply on February 16 after the two companies reported strong results for the October-December quarter of the ongoing financial year 2026.

Kfin Tech shares jumped more than 7 percent to trade at Rs 1,040 apiece, while <a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/torrentpharmaceuticals/TP06">Torrent Pharma</a> shares gained over 6 percent to Rs 4,324.9 apiece on Monday.
<h3><strong>Kfin Tech Q3 Results:</strong></h3>
Kfin Technologies on February 13 reported a consolidated net profit of Rs 91.99 crore for the third quarter of FY26. This marks a 2 percent year-on-year (YoY) rise from the Rs 90.18 crore net profit reported in the corresponding quarter of the previous financial year.

The net profit reported for the quarter under review however included a one-time exceptional cost of Rs 8.56 crore arising out of the implementation of the new labour codes, which took effect last year.

The firm’s revenue from operations meanwhile gained around 28 percent YoY to Rs 370.87 crore in Q3 FY26, from Rs 290.02 crore in Q3 FY25. EBITDA rose 16 percent YoY to Rs 151.62 crore, although EBITDA margin reduced to 40.9 percent in Q3 FY26 from 45 percent in the year-ago period.
<h3><strong>Torrent Pharma Q3 Results:</strong></h3>
Torrent Pharma reported a consolidated net profit of Rs 635 crore for the October-December quarter of the ongoing financial year 2026. This marks a 26 percent YoY rise from the Rs 503 crore net profit reported in the corresponding quarter of the previous financial year.

The company’s revenue from operations meanwhile rose nearly 18 percent YoY to Rs 3,303 crore during the quarter under review, from Rs 2,809 crore in the year-ago period.

Along with the Q3 results, Torrent Pharma announced an interim dividend of Rs 29 per equity share for the financial year 2026. The dividend is expected to be paid to the eligible shareholders on or around March 6 this year. The record date to determine the eligibility of the shareholders is yet to be announced.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-positive-start-us-asian-markets-mixed-liveblog-13829091.html">LIVE updates</a> from the stock markets here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Q3 results impact: Kfin Tech shares jump 7% after strong December quarter earnings, Torrent Pharma up 6%

The shares of Kfin Technologies and Torrent Pharma gained sharply on February 16 after the two companies reported strong results for the October-December quarter of the ongoing financial year 2026.

Kfin Tech shares jumped more than 7 percent to trade at Rs 1,040 apiece, while Torrent Pharma shares gained over 6 percent to Rs 4,324.9 apiece on Monday.
Kfin Tech Q3 Results:
Kfin Technologies on February 13 reported a consolidated net profit of Rs 91.99 crore for the third quarter of FY26. This marks a 2 percent year-on-year (YoY) rise from the Rs 90.18 crore net profit reported in the corresponding quarter of the previous financial year.

The net profit reported for the quarter under review however included a one-time exceptional cost of Rs 8.56 crore arising out of the implementation of the new labour codes, which took effect last year.

The firm’s revenue from operations meanwhile gained around 28 percent YoY to Rs 370.87 crore in Q3 FY26, from Rs 290.02 crore in Q3 FY25. EBITDA rose 16 percent YoY to Rs 151.62 crore, although EBITDA margin reduced to 40.9 percent in Q3 FY26 from 45 percent in the year-ago period.
Torrent Pharma Q3 Results:
Torrent Pharma reported a consolidated net profit of Rs 635 crore for the October-December quarter of the ongoing financial year 2026. This marks a 26 percent YoY rise from the Rs 503 crore net profit reported in the corresponding quarter of the previous financial year.

The company’s revenue from operations meanwhile rose nearly 18 percent YoY to Rs 3,303 crore during the quarter under review, from Rs 2,809 crore in the year-ago period.

Along with the Q3 results, Torrent Pharma announced an interim dividend of Rs 29 per equity share for the financial year 2026. The dividend is expected to be paid to the eligible shareholders on or around March 6 this year. The record date to determine the eligibility of the shareholders is yet to be announced.

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Defence Industry StocksCheck latest stock performance, list of stocks, earnings review & more details about the Defence industry stocks.

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Defence Industry Stocks
Check latest stock performance, list of stocks, earnings review & more details about the Defence industry stocks.