< -5%

-5% to -3%

ICICI Lombard 

New India Assur

PB Fintech

-3% to 0%

Go Digit

HDFC Life

Niva Bupa Healt

LIC India

ICICI Prudentia

SBI Life Insura

General Insuran

Canara HSBC

0% to 3%

3% to 5%

Sanofi India,KSB,Sanofi Consumer Healthcare India,Foseco India,Reliance Industries,Indian Railway Finance Corporation,Shaily Engineering Plastics,Lupin,KFin Technologies,SBI Life Insurance Company,Zydus Lifesciences,Emmvee Photovoltaic Power,Xtglobal Infotech,KP Energy.Rail Vikas Nigam,ACME Solar Holdings,NTPC Green Energy,

shorts/business/stocks-to-watch-today-lupin-angel-one-zydus-life-shaily-engineering-ksb-sanofi-india-kp-energy-rail-vikas-nigam-in-focus-on-26-february

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, order wins, and appointments, here’s a quick look at which stocks will be in focus in today's trade:

<a href="https://www.moneycontrol.com/markets/earnings/" target="_blank">Results Today</a>

Nova Iron &amp; Steel, Vesuvius India, John Cockerill India, and Indrayani Biotech will announce their quarterly earnings today.

<a href="https://www.moneycontrol.com/markets/earnings/" target="_blank">Quarterly Earnings</a>

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/sanofiindia/AP26" target="_blank">Sanofi India</a> Q4 (YoY)

Profit sinks 32.4% to Rs 61.7 crore Vs Rs 91.3 crore

Revenue declines 18.5% to Rs 419.8 crore Vs Rs 514.9 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/pumps/ksb/KSB" target="_blank">KSB</a> Q4 (Consolidated YoY)

Profit grows 10.8% to Rs 81 crore Vs Rs 73.1 crore

Revenue increases 7.9% to Rs 784 crore Vs Rs 726.4 crore

New labour code impact at Rs 25.5 crore Vs Nil

<a href="https://www.moneycontrol.com/india/stockpricequote/hospitalhealthcare-services/sanoficonsumerhealthcareindia/SCH" target="_blank">Sanofi Consumer Healthcare India</a> Q4 (YoY)

Profit soars 50.1% to Rs 66.5 crore Vs Rs 44.3 crore

Revenue surges 47% to Rs 251 crore Vs Rs 170.7 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/chemicals/fosecoindia/FI12" target="_blank">Foseco India</a> Q4 (Consolidated YoY)

Profit drops 35.5% to Rs 12.6 crore Vs Rs 19.5 crore

Revenue spikes 37% to Rs 186.9 crore Vs Rs 136.5 crore

Exceptional loss stands at Rs 16.86 crore Vs Nil

Stocks to Watch

<a href="https://www.moneycontrol.com/india/stockpricequote/refineries/relianceindustries/RI" target="_blank">Reliance Industries</a>

Reliance Enterprise Intelligence (REIL) a step-down wholly owned subsidiary of the company, has allotted 59.66 crore equity shares worth Rs 596.6 crore to Reliance Intelligence, a wholly owned subsidiary of the company, and 25.65 crore equity shares worth Rs 256.6 crore to Facebook Overseas Inc, a wholly owned subsidiary of Meta Platforms, Inc.

After the allotment, Reliance Intelligence holds 70% stake in REIL, and the balance 30% is held by Facebook. Consequently, REIL has ceased to be a step-down wholly owned subsidiary and has become a step-down subsidiary of the company.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-nbfc/indianrailwayfinancecorporation/IRF" target="_blank">Indian Railway Finance Corporation</a>

The Government of India, the promoter, is not exercising the oversubscription option to the extent of 26.13 crore equity shares (2% of paid-up equity) since there is under subscription of 1.18 crore equity shares of the company as on the T Day (February 25).

Hence, accordingly, the total offer size will be base offer size of up to 26.13 crore shares (2 percent equity).

Additionally, the company has signed a loan agreement with the consortium of Sumitomo Mitsui Banking Corporation and MUFG Bank (Gift City branches) in New Delhi for raising External Commercial Borrowing loan of JPY equivalent $400 million.

<a href="https://www.moneycontrol.com/india/stockpricequote/trading/shailyengineeringplastics/SEP02" target="_blank">Shaily Engineering Plastics</a>

The company has received order worth Rs 423 crore from domestic pharma company

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/lupin/L" target="_blank">Lupin</a>

The Goods &amp; Service Tax Department, Maharashtra on February 25, has initiated Inspection and Search proceedings at the registered office of the company, seeking documents related to payment of GST and claim of input tax credit etc.

Initiation of this inspection and search doesn’t have any impact on the company’s financials, operations or other activities.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-others/kfintechnologies/KT07" target="_blank">KFin Technologies</a>

MFC Technologies, the joint venture between Computer Age Management Services (CAMS) and KFin Technologies announced key leadership appointments as MF Central transitions into a professionally governed stand-alone entity serving India’s mutual fund ecosystem.

Rajesh Krishnamoorthy has been appointed as Chief Executive Officer, while Supratim Bandyopadhyay will serve as Non-Executive Chairman of the Board.

<a href="https://www.moneycontrol.com/india/stockpricequote/lifehealth-insurance/sbilifeinsurancecompany/SLI03" target="_blank">SBI Life Insurance Company</a>

The Board has declared an interim dividend on equity shares of the company of Rs 2.7 per share for FY26

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticalsdrugs/zyduslifesciences/CHC" target="_blank">Zydus Lifesciences</a>

The company plans to launch Semaglutide injection under the brand names – SEMAGLYNTM, MASHEMATM and ALTERMETM, upon patent expiry in India.

The Drug Controller General of India (DCGI) had earlier provided its approval for manufacturing and marketing Semaglutide injection for the treatment of Type 2 Diabetes Mellitus and Obesity.

<a href="https://www.moneycontrol.com/india/stockpricequote/renewables/emmveephotovoltaicpower/EPP01" target="_blank">Emmvee Photovoltaic Power</a>

In light of recent reports regarding the US countervailing duties on solar imports from India, the company clarified that there is no impact on its business operations.

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software-mediumsmall/xtglobalinfotech/FIT" target="_blank">Xtglobal Infotech</a>

The company's US subsidiary XTGlobal Inc has bagged order from the Texas Department of Transportation (TxDOT) for Al enablement for engineering services.

The work order is for a six-month program increment commencing March 16 and concluding on September 30, 2026. The maximum amount payable under the work order is US$ 0.79 million (approximately Rs 7.2 crore), payable against defined milestone-based deliverables.

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/kpenergy/KEL04" target="_blank">KP Energy</a>

The company has received a Letter of Award (LoA) from Enerparc Energy for the development of a 40.8 MW wind-solar hybrid power project in Gujarat, comprising approximately 20.2 MW of wind capacity and 20.6 MWp of solar capacity.

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/railvikasnigam/RVN" target="_blank">Rail Vikas Nigam</a>

The company has received LOA from National Mineral Development Corporation (NMDC) for development of township in Kirandul, Chhattisgarh. The project cost is Rs 371.69 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/acmesolarholdings/ASH02" target="_blank">ACME Solar Holdings</a>

The company through its subsidiary ACME Suryodaya has commissioned the first phase of 19 MW/38 MWh out of 285 MW/600 MWh capacity of battery energy storage system (BESS) project at Jaisalmer, Rajasthan. This project will currently be deployed as a merchant capacity while ACME Solar Holdings retains flexibility to shift to a long term PPA in future.

The commercial operation date for the said Phase–I will be February 27.

<a href="https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/ntpcgreenenergy/NGE" target="_blank">NTPC Green Energy</a>

The first part capacity of 50 MW out of 200 MW Dayapar Wind Energy Project Phase-II in Gujarat of company's subsidiary NTPC Renewable Energy has been declared on commercial operation.

The current commercial capacity of NTPC Green Energy group stands at 9,151.08 MW. With the addition of this capacity, the total installed capacity of the NTPC Green Energy Group will increase to 9201.08 MW.

Block Deals

<a href="https://www.moneycontrol.com/india/stockpricequote/diversified/adityainfotech/AIL10" target="_blank">Aditya Infotech</a>

Promoter Hari Khemka Business Family Trust sold 17.66 lakh shares (equivalent to 1.5 percent of paid-up equity) in CP Plus, for Rs 260 crore. The price at which promoter sold its stake in the company was Rs 1,471.3 per share.

Promoter Rishi Khemka also offloaded 0.5 percent shares through open market route.

Further, investor Dixon Technologies, which has 6.22 percent stake as of December 2025, offloaded 44.95 lakh shares (3.8 percent stake) in the company to 12 investors for Rs 660.89 crore. The transaction price was Rs 1,470 per share.

Motilal Oswal Mutual Fund, Kotak Mahindra Mutual Fund, TNTBC as the Trustee of Nomura India Stock Mother Fund, Axis Mutual Fund, HDFC Life Insurance Company, 360 ONE Mutual Fund, WhiteOak Capital MF, Abu Dhabi Investment Authority Stable, Kedaara Capital Public Markets Fund I, Invesco Mutual Fund, Ashoka WhiteOak India Opportunities Fund, and Employees Provident Fund Board acquired 3.8% shares in Aditya Infotech.

Stock Trades Ex-Dividend

Stratmont Industries

Stock Trades Ex-Date for Split

Angel One

Stock in F&amp;O ban

Sammaan Capital

Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

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

Stocks to Watch Today: Lupin, Angel One, Zydus Life, Shaily Engineering, KSB, Sanofi India, KP Energy, Rail Vikas Nigam in focus on 26 February

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, order wins, and appointments, here’s a quick look at which stocks will be in focus in today's trade:

Results Today

Nova Iron &amp;amp; Steel, Vesuvius India, John Cockerill India, and Indrayani Biotech will announce their quarterly earnings today.

Quarterly Earnings

Sanofi India Q4 (YoY)

Profit sinks 32.4% to Rs 61.7 crore Vs Rs 91.3 crore

Revenue declines 18.5% to Rs 419.8 crore Vs Rs 514.9 crore

KSB Q4 (Consolidated YoY)

Profit grows 10.8% to Rs 81 crore Vs Rs 73.1 crore

Revenue increases 7.9% to Rs 784 crore Vs Rs 726.4 crore

New labour code impact at Rs 25.5 crore Vs Nil

Sanofi Consumer Healthcare India Q4 (YoY)

Profit soars 50.1% to Rs 66.5 crore Vs Rs 44.3 crore

Revenue surges 47% to Rs 251 crore Vs Rs 170.7 crore

Foseco India Q4 (Consolidated YoY)

Profit drops 35.5% to Rs 12.6 crore Vs Rs 19.5 crore

Revenue spikes 37% to Rs 186.9 crore Vs Rs 136.5 crore

Exceptional loss stands at Rs 16.86 crore Vs Nil

Stocks to Watch

Reliance Industries

Reliance Enterprise Intelligence (REIL) a step-down wholly owned subsidiary of the company, has allotted 59.66 crore equity shares worth Rs 596.6 crore to Reliance Intelligence, a wholly owned subsidiary of the company, and 25.65 crore equity shares worth Rs 256.6 crore to Facebook Overseas Inc, a wholly owned subsidiary of Meta Platforms, Inc.

After the allotment, Reliance Intelligence holds 70% stake in REIL, and the balance 30% is held by Facebook. Consequently, REIL has ceased to be a step-down wholly owned subsidiary and has become a step-down subsidiary of the company.

Indian Railway Finance Corporation

The Government of India, the promoter, is not exercising the oversubscription option to the extent of 26.13 crore equity shares (2% of paid-up equity) since there is under subscription of 1.18 crore equity shares of the company as on the T Day (February 25).

Hence, accordingly, the total offer size will be base offer size of up to 26.13 crore shares (2 percent equity).

Additionally, the company has signed a loan agreement with the consortium of Sumitomo Mitsui Banking Corporation and MUFG Bank (Gift City branches) in New Delhi for raising External Commercial Borrowing loan of JPY equivalent $400 million.

Shaily Engineering Plastics

The company has received order worth Rs 423 crore from domestic pharma company

Lupin

The Goods &amp;amp; Service Tax Department, Maharashtra on February 25, has initiated Inspection and Search proceedings at the registered office of the company, seeking documents related to payment of GST and claim of input tax credit etc.

Initiation of this inspection and search doesn’t have any impact on the company’s financials, operations or other activities.

KFin Technologies

MFC Technologies, the joint venture between Computer Age Management Services (CAMS) and KFin Technologies announced key leadership appointments as MF Central transitions into a professionally governed stand-alone entity serving India’s mutual fund ecosystem.

Rajesh Krishnamoorthy has been appointed as Chief Executive Officer, while Supratim Bandyopadhyay will serve as Non-Executive Chairman of the Board.

SBI Life Insurance Company

The Board has declared an interim dividend on equity shares of the company of Rs 2.7 per share for FY26

Zydus Lifesciences

The company plans to launch Semaglutide injection under the brand names – SEMAGLYNTM, MASHEMATM and ALTERMETM, upon patent expiry in India.

The Drug Controller General of India (DCGI) had earlier provided its approval for manufacturing and marketing Semaglutide injection for the treatment of Type 2 Diabetes Mellitus and Obesity.

Emmvee Photovoltaic Power

In light of recent reports regarding the US countervailing duties on solar imports from India, the company clarified that there is no impact on its business operations.

Xtglobal Infotech

The company's US subsidiary XTGlobal Inc has bagged order from the Texas Department of Transportation (TxDOT) for Al enablement for engineering services.

The work order is for a six-month program increment commencing March 16 and concluding on September 30, 2026. The maximum amount payable under the work order is US$ 0.79 million (approximately Rs 7.2 crore), payable against defined milestone-based deliverables.

KP Energy

The company has received a Letter of Award (LoA) from Enerparc Energy for the development of a 40.8 MW wind-solar hybrid power project in Gujarat, comprising approximately 20.2 MW of wind capacity and 20.6 MWp of solar capacity.

Rail Vikas Nigam

The company has received LOA from National Mineral Development Corporation (NMDC) for development of township in Kirandul, Chhattisgarh. The project cost is Rs 371.69 crore.

ACME Solar Holdings

The company through its subsidiary ACME Suryodaya has commissioned the first phase of 19 MW/38 MWh out of 285 MW/600 MWh capacity of battery energy storage system (BESS) project at Jaisalmer, Rajasthan. This project will currently be deployed as a merchant capacity while ACME Solar Holdings retains flexibility to shift to a long term PPA in future.

The commercial operation date for the said Phase–I will be February 27.

NTPC Green Energy

The first part capacity of 50 MW out of 200 MW Dayapar Wind Energy Project Phase-II in Gujarat of company's subsidiary NTPC Renewable Energy has been declared on commercial operation.

The current commercial capacity of NTPC Green Energy group stands at 9,151.08 MW. With the addition of this capacity, the total installed capacity of the NTPC Green Energy Group will increase to 9201.08 MW.

Block Deals

Aditya Infotech

Promoter Hari Khemka Business Family Trust sold 17.66 lakh shares (equivalent to 1.5 percent of paid-up equity) in CP Plus, for Rs 260 crore. The price at which promoter sold its stake in the company was Rs 1,471.3 per share.

Promoter Rishi Khemka also offloaded 0.5 percent shares through open market route.

Further, investor Dixon Technologies, which has 6.22 percent stake as of December 2025, offloaded 44.95 lakh shares (3.8 percent stake) in the company to 12 investors for Rs 660.89 crore. The transaction price was Rs 1,470 per share.

Motilal Oswal Mutual Fund, Kotak Mahindra Mutual Fund, TNTBC as the Trustee of Nomura India Stock Mother Fund, Axis Mutual Fund, HDFC Life Insurance Company, 360 ONE Mutual Fund, WhiteOak Capital MF, Abu Dhabi Investment Authority Stable, Kedaara Capital Public Markets Fund I, Invesco Mutual Fund, Ashoka WhiteOak India Opportunities Fund, and Employees Provident Fund Board acquired 3.8% shares in Aditya Infotech.

Stock Trades Ex-Dividend

Stratmont Industries

Stock Trades Ex-Date for Split

Angel One

Stock in F&amp;amp;O ban

Sammaan Capital

Disclaimer: MoneyControl is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

Abu Dhabi Investment Authority, Kedaara Capital, Ashoka WhiteOak, Nomura among 12 investors acquire 3.8% stake in Aditya Infotech, Dixon Technologies offload 3.8% shares in CP Plus, Promoter Hari Khemka Business Family Trust sells 1.5% stake in CP Plus

* Abu Dhabi Investment Authority, Kedaara Capital, Ashoka WhiteOak, Nomura among 12 investors acquire 3.8% stake in Aditya Infotech
* Dixon Technologies offload 3.8% shares in CP Plus
* Promoter Hari Khemka Business Family Trust sells 1.5% stake in CP Plus

shorts/business/adia-kedaara-capital-ashoka-whiteoak-among-12-investors-buying-3-8-stake-in-cp-plus-promoter-dixon-offload-5-8-shares

* Abu Dhabi Investment Authority, Kedaara Capital, Ashoka WhiteOak, Nomura among 12 investors acquire 3.8% stake in Aditya Infotech
* Dixon Technologies offload 3.8% shares in CP Plus
* Promoter Hari Khemka Business Family Trust sells 1.5% stake in CP Plus

Abu Dhabi Investment Authority, Kedaara Capital, Ashoka WhiteOak, and Nomura among 12 investors acquired 3.8 percent equite stake in Aditya Infotech, the technology driven security solutions provider under the brand CP Plus, via open market transactions on February 25. However, promoters, and Dixon Technologies offloaded total 5.8 percent shares in the company.

<a href="https://www.moneycontrol.com/india/stockpricequote/diversified/adityainfotech/AIL10">Aditya Infotech</a> shares rebounded sharply on Wednesday, rising 6.86 percent to Rs 1,575.7 amid high volumes on the NSE.

As per the bulk and block deals data published by the BSE, promoter Hari Khemka Business Family Trust sold 17.66 lakh shares (equivalent to 1.5 percent of paid-up equity) in CP Plus to meet the minimum public shareholding norms, for Rs 260 crore.

The price at which promoter sold its stake in the company was Rs 1,471.3 per share.

The company informed exchanges that today, promoters Hari Khemka Business Family Trust and Rishi Khemka have successfully completed the sale of equity shares through open market route to comply with minimum public shareholding requirement (i.e. public shareholding in the company has to be at least 25 percent).

Rishi Khemka sold half a percent stake in the company. With this, total stake selling by promoters was 2 percent, which ultimately brought down their total shareholding in the company below 75 percent mark at 74.91 percent, while the public float stands at 25.09 percent.

As of December 2025, promoters had held 76.91 percent stake in Aditya Infotech.

Further, investor and electronics manufacturing services provider <a href="https://www.moneycontrol.com/india/stockpricequote/electricals/dixontechnologies/DT07">Dixon Technologies</a>, which has 6.22 percent stake as of December 2025, offloaded 44.95 lakh shares (3.8 percent stake) in the company to 12 investors via block deals for Rs 660.89 crore. The transaction price was Rs 1,470 per share.

Motilal Oswal Mutual Fund, and Kotak Mahindra Mutual Fund were the biggest buyers amongst them, each acquiring 12.2 lakh CP Plus shares for Rs 179.92 crore. This follows TNTBC as the Trustee of Nomura India Stock Mother Fund which picked up 2.59 lakh shares for Rs 38.16 crore, while Axis Mutual Fund, and HDFC Life Insurance Company each bought 2.75 lakh shares for Rs 40.5 crore.

360 ONE Mutual Fund, WhiteOak Capital MF, Abu Dhabi Investment Authority Stable, Kedaara Capital Public Markets Fund I, Invesco Mutual Fund, Ashoka WhiteOak India Opportunities Fund, and Employees Provident Fund Board were other investors in Aditya Infotech.

<img class="alignnone size-full wp-image-13843765 aligncenter" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260225192101_Image1525022026.jpg" alt="Image1525022026" width="700" height="3033" />

ADIA, Kedaara Capital, Ashoka WhiteOak among 12 investors buying 3.8% stake in CP Plus; promoter, Dixon offload 5.8% shares

Abu Dhabi Investment Authority, Kedaara Capital, Ashoka WhiteOak, and Nomura among 12 investors acquired 3.8 percent equite stake in Aditya Infotech, the technology driven security solutions provider under the brand CP Plus, via open market transactions on February 25. However, promoters, and Dixon Technologies offloaded total 5.8 percent shares in the company.

Aditya Infotech shares rebounded sharply on Wednesday, rising 6.86 percent to Rs 1,575.7 amid high volumes on the NSE.

As per the bulk and block deals data published by the BSE, promoter Hari Khemka Business Family Trust sold 17.66 lakh shares (equivalent to 1.5 percent of paid-up equity) in CP Plus to meet the minimum public shareholding norms, for Rs 260 crore.

The price at which promoter sold its stake in the company was Rs 1,471.3 per share.

The company informed exchanges that today, promoters Hari Khemka Business Family Trust and Rishi Khemka have successfully completed the sale of equity shares through open market route to comply with minimum public shareholding requirement (i.e. public shareholding in the company has to be at least 25 percent).

Rishi Khemka sold half a percent stake in the company. With this, total stake selling by promoters was 2 percent, which ultimately brought down their total shareholding in the company below 75 percent mark at 74.91 percent, while the public float stands at 25.09 percent.

As of December 2025, promoters had held 76.91 percent stake in Aditya Infotech.

Further, investor and electronics manufacturing services provider Dixon Technologies, which has 6.22 percent stake as of December 2025, offloaded 44.95 lakh shares (3.8 percent stake) in the company to 12 investors via block deals for Rs 660.89 crore. The transaction price was Rs 1,470 per share.

Motilal Oswal Mutual Fund, and Kotak Mahindra Mutual Fund were the biggest buyers amongst them, each acquiring 12.2 lakh CP Plus shares for Rs 179.92 crore. This follows TNTBC as the Trustee of Nomura India Stock Mother Fund which picked up 2.59 lakh shares for Rs 38.16 crore, while Axis Mutual Fund, and HDFC Life Insurance Company each bought 2.75 lakh shares for Rs 40.5 crore.

360 ONE Mutual Fund, WhiteOak Capital MF, Abu Dhabi Investment Authority Stable, Kedaara Capital Public Markets Fund I, Invesco Mutual Fund, Ashoka WhiteOak India Opportunities Fund, and Employees Provident Fund Board were other investors in Aditya Infotech.

Bank Nifty drops 350 points from day's high on profit booking., AU Small Finance Bank and SBI led losses in the banking index., Index closed at 61,047, down 0.35 percent for the day.

* Bank Nifty drops 350 points from day's high on profit booking.
* AU Small Finance Bank and SBI led losses in the banking index.
* Index closed at 61,047, down 0.35 percent for the day.

Bank Nifty fell over 350 points from its intraday high amid profit booking, led by losses in AU Small Finance Bank and SBI. The index ended down 0.35%. Immediate resistance is 61,400–61,500; support is 60,800–60,700.

shorts/business/bank-nifty-declines-350-pts-from-day-s-high-amid-profit-booking-au-sfb-sbi-lead-losses-check-key-trading-levels

* Bank Nifty drops 350 points from day's high on profit booking.
* AU Small Finance Bank and SBI led losses in the banking index.
* Index closed at 61,047, down 0.35 percent for the day.

The Bank Nifty index declined over 350 points from the day’s high on Wednesday amid profit booking, with AU Small Finance Bank and State Bank of India leading the losses.

The banking index rose to an intraday high of 61,317.55 but slipped more than 350 points to trade around 61,004.95 at about 3 pm.

The index extended losses for the second straight session after ending lower in the previous trade.

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/ausmallfinancebank/ASF02">AU Small Finance Bank</a> was the top laggard on the index, falling up to 2 percent. <a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/statebankindia/SBI">State Bank of India</a> declined 1.74 percent, while Union Bank of India was down 0.76 percent.

Other constituents such as IDFC First Bank, Kotak Mahindra Bank, Yes Bank and Punjab National Bank fell up to 1 percent.

The Nifty PSU Bank index was also down up to 1 percent amid profit booking.

&nbsp;
<h3>Nifty Bank - Key levels to watch </h3>
Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities, said "The 61,300–61,320 zone acted as a strong intraday resistance during the initial hours of trade. Subsequent selling pressure pulled the index lower, with Bank Nifty coming close to the previous day’s swing low of 60,802 and closing slightly higher towards the close. The daily RSI also failed to sustain above the 60 mark and turned lower, suggesting a pause in the ongoing bullish momentum."

"For Bank Nifty, the immediate resistance is placed in the 61400–61500 zone. Any sustainable move above this zone could result in Bank Nifty extending its up move towards 62000, followed by 62500 in the short term. On the downside, the zone of 60800–60700 zone is likely to act as an immediate support," he added.

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.

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 declines 350 pts from day's high amid profit booking; AU SFB, SBI lead losses: Check key trading levels

The Bank Nifty index declined over 350 points from the day’s high on Wednesday amid profit booking, with AU Small Finance Bank and State Bank of India leading the losses.

The banking index rose to an intraday high of 61,317.55 but slipped more than 350 points to trade around 61,004.95 at about 3 pm.

The index extended losses for the second straight session after ending lower in the previous trade.

AU Small Finance Bank was the top laggard on the index, falling up to 2 percent. State Bank of India declined 1.74 percent, while Union Bank of India was down 0.76 percent.

Other constituents such as IDFC First Bank, Kotak Mahindra Bank, Yes Bank and Punjab National Bank fell up to 1 percent.

The Nifty PSU Bank index was also down up to 1 percent amid profit booking.

&amp;nbsp;
Nifty Bank - Key levels to watch 
Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities, said &quot;The 61,300–61,320 zone acted as a strong intraday resistance during the initial hours of trade. Subsequent selling pressure pulled the index lower, with Bank Nifty coming close to the previous day’s swing low of 60,802 and closing slightly higher towards the close. The daily RSI also failed to sustain above the 60 mark and turned lower, suggesting a pause in the ongoing bullish momentum.&quot;

&quot;For Bank Nifty, the immediate resistance is placed in the 61400–61500 zone. Any sustainable move above this zone could result in Bank Nifty extending its up move towards 62000, followed by 62500 in the short term. On the downside, the zone of 60800–60700 zone is likely to act as an immediate support,&quot; he added.

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.

IRFC shares hit 52-week low after govt begins 4 percent stake sale., Govt to raise about Rs 5,430 crore via Offer for Sale., OFS opens for non-retail investors Wednesday, retail on Thursday.

* IRFC shares hit 52-week low after govt begins 4 percent stake sale.
* Govt to raise about Rs 5,430 crore via Offer for Sale.
* OFS opens for non-retail investors Wednesday, retail on Thursday.

IRFC shares fell over 4% to a 52-week low after the government announced an Offer for Sale to divest up to 4% stake, aiming to raise about Rs 5,430 crore. The OFS opens Wednesday for non-retail investors and Thursday for retail investors.

shorts/business/irfc-shares-fall-4-to-hit-fresh-52-week-low-as-govt-to-offload-up-to-4-stake-via-ofs

* IRFC shares hit 52-week low after govt begins 4 percent stake sale.
* Govt to raise about Rs 5,430 crore via Offer for Sale.
* OFS opens for non-retail investors Wednesday, retail on Thursday.

Shares of Indian Railway Finance Corporation (IRFC) fell over 4 percent to hit a fresh 52-week low on Wednesday after the government announced offloading up to 4 percent stake in the company through an Offer for Sale (OFS).

The stock declined 4.22 percent to Rs 104.82 per share on the NSE. It has fallen about 6 percent in the last two sessions. The scrip opened gap-down, slipping 3.15 percent at the start of trade.

The decline came after the government said it will divest up to 4 percent stake in the state-owned firm under the Ministry of Railways via an OFS beginning Wednesday.

The floor price for the OFS has been fixed at Rs 104 per equity share, IRFC said in a regulatory filing.

At the floor price, the government is expected to raise around Rs 5,430 crore by offloading up to 4 percent stake.

Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X that the OFS for IRFC will open on Wednesday for non-retail investors, while retail investors can bid on Thursday.

"Government offers to disinvest 2% equity in the IRFC with an additional 2% as green shoe option," he said.

According to the filing, the government proposes to sell up to 26.13 crore shares, representing 2 percent of the total issued and paid-up equity share capital, with an option to additionally sell another 26.13 crore shares, constituting a further 2 percent stake.

The government currently holds 86.36 percent stake in <a href="https://www.moneycontrol.com/india/stockpricequote/finance-nbfc/indianrailwayfinancecorporation/IRF">IRFC</a>. Following the share sale, its holding will decline to 82.36 percent.

(With inputs from PTI)

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.

IRFC shares fall 4% to hit fresh 52-week low as govt to offload up to 4% stake via OFS

IRFC share price falls 4% to hit fresh 52-week low as govt to offload up to 4% stake via OFS

Shares of Indian Railway Finance Corporation (IRFC) fell over 4 percent to hit a fresh 52-week low on Wednesday after the government announced offloading up to 4 percent stake in the company through an Offer for Sale (OFS).

The stock declined 4.22 percent to Rs 104.82 per share on the NSE. It has fallen about 6 percent in the last two sessions. The scrip opened gap-down, slipping 3.15 percent at the start of trade.

The decline came after the government said it will divest up to 4 percent stake in the state-owned firm under the Ministry of Railways via an OFS beginning Wednesday.

The floor price for the OFS has been fixed at Rs 104 per equity share, IRFC said in a regulatory filing.

At the floor price, the government is expected to raise around Rs 5,430 crore by offloading up to 4 percent stake.

Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X that the OFS for IRFC will open on Wednesday for non-retail investors, while retail investors can bid on Thursday.

&quot;Government offers to disinvest 2% equity in the IRFC with an additional 2% as green shoe option,&quot; he said.

According to the filing, the government proposes to sell up to 26.13 crore shares, representing 2 percent of the total issued and paid-up equity share capital, with an option to additionally sell another 26.13 crore shares, constituting a further 2 percent stake.

The government currently holds 86.36 percent stake in IRFC. Following the share sale, its holding will decline to 82.36 percent.

(With inputs from PTI)

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.

Nifty IT Index faces worst February in 23 years, down 21 percent, Major IT stocks like Infosys, TCS, Wipro see sharp declines, AI disruption fears drive selloff, mutual funds cut IT holdings

* Nifty IT Index faces worst February in 23 years, down 21 percent
* Major IT stocks like Infosys, TCS, Wipro see sharp declines
* AI disruption fears drive selloff, mutual funds cut IT holdings

Nifty IT Index faces its worst February in 23 years, dropping 21% amid AI disruption fears. Major IT stocks like Infosys, TCS, and Wipro have seen steep declines. Brokerages warn of structural changes, but some say AI fears may be overdone.

shorts/business/nifty-it-index-heads-for-worst-february-in-23-years-amid-ai-disruption-concerns

* Nifty IT Index faces worst February in 23 years, down 21 percent
* Major IT stocks like Infosys, TCS, Wipro see sharp declines
* AI disruption fears drive selloff, mutual funds cut IT holdings

The Nifty IT Index is heading towards its worst February in 23 years amid continued selling pressure, as the sector remains weighed down by concerns over artificial intelligence-led disruption.

The Nifty IT index has declined 21 percent so far in February 2026, marking its steepest monthly fall since April 2003, when it dropped more than 24 percent.  So far this month, Nifty IT index lost over Rs 6.4 lakh crore market cap.

Among individual stocks, Infosys has fallen 21 percent so far in 2026, TCS has declined 19 percent and Wipro has lost 24 percent. Tech Mahindra and HCL Tech have dropped 16 percent and 18 percent, respectively.

<img class="size-full wp-image-13841613" src="https://images.moneycontrol.com/static-mcnews/2026/02/20260224123718_nifty-it.png" alt="nifty it" width="700" height="700" /> nifty it

The recent selloff follows a scenario outlined by Citrini Research in its report The 2028 Global Intelligence Crisis: A Thought Exercise in Financial History, from the Future, which states that India’s three IT majors — TCS, Infosys and Wipro — are expected to see contract cancellations accelerate through 2027 as artificial intelligence tools increasingly replace outsourced human coding.

The report notes that India’s IT services sector exports over $200 billion annually and is the single largest contributor to the country’s current account surplus, offsetting its persistent goods trade deficit. It says the sector’s model is built on the cost advantage of Indian developers compared with their American counterparts. However, the marginal cost of an AI coding agent has collapsed to what the report describes as essentially the cost of electricity. In the scenario presented, companies increasingly deploy AI-driven coding tools in place of outsourced development teams.

With the ongoing selloff, mutual funds’ combined investments in IT stocks have declined by over Rs 70,000 crore, with current holdings standing at Rs 3.2 lakh crore in February compared with Rs 3.95 lakh crore in January 2026. Foreign institutional investors’ holdings have fallen by nearly Rs 85,000 crore to Rs 4.49 lakh crore as of February 15, the lowest level in four years, down 16 percent from Rs 5.34 lakh crore at the end of January 2026.

Global brokerages Jefferies India and CLSA have also revised their stance on the sector. Jefferies said artificial intelligence may structurally change the IT business mix towards consulting and implementation while shrinking managed services. It said this could increase cyclicality and require changes in talent and operating models.

While third-quarter results led to earnings upgrades for nearly all IT firms, Jefferies said recent developments in AI have raised concerns about the medium- to long-term growth outlook and driven up to 27 percent derating. It said stock performance is likely to be tied more to the longer-term business outlook than near-term earnings delivery.

The brokerage outlined multiple growth scenarios. In the best case, maintaining long-term revenue growth in line with the previous decade would imply price-to-earnings multiples of 14 to 22 times for large IT firms, with Infosys, HCL Tech and TCS offering around 15 percent rerating potential, and 23 to 42 times for mid-sized firms such as Hexaware and IKS offering 35 to 45 percent rerating potential.

In the worst case, revenue compound annual growth rate over FY26-31 could be 3 percent lower, followed by no growth beyond FY31, leading to potential derating of 30 to 65 percent, with Wipro having the lowest and Coforge the highest derating potential. Assuming 3 percent lower growth over FY26-36 and 1 percent lower terminal growth, multiples could still decline by 10 to 35 percent for large IT firms and up to 15 percent for mid-sized firms.

Jefferies cut its earnings estimates by 1 to 4 percent and expects 6 percent earnings compound annual growth rate over FY26-28. It expects Coforge, Sagility and IKS to grow at 19 to 25 percent compound annual growth rate driven by higher revenue growth. Its estimates are 3 to 14 percent below consensus. The brokerage cut price targets by up to 33 percent, downgraded Infosys, HCL Tech and Mphasis from Buy to Hold, and TCS, LTIM and Hexaware from Hold to Underperform.

Meanwhile, CLSA said fears of AI-led disruption in Indian IT services appear overdone, citing channel checks that indicate no material shift in business positioning and management commentary pointing to a potential macro recovery in calendar year 2026. The brokerage maintained selective stock preferences including Infosys, Tech Mahindra, Coforge and Persistent Systems, while cutting price targets across the board due to valuation derating.

CLSA said that despite heightened debate around AI disruption, client spending behaviour, deal structures and service mix have not changed meaningfully. It added that AI is being absorbed largely as an incremental efficiency and productivity lever rather than a wholesale replacement of traditional IT services.

Nifty IT Index heads for worst February in 23 years amid AI disruption concerns

The Nifty IT Index is heading towards its worst February in 23 years amid continued selling pressure, as the sector remains weighed down by concerns over artificial intelligence-led disruption.

The Nifty IT index has declined 21 percent so far in February 2026, marking its steepest monthly fall since April 2003, when it dropped more than 24 percent.  So far this month, Nifty IT index lost over Rs 6.4 lakh crore market cap.

Among individual stocks, Infosys has fallen 21 percent so far in 2026, TCS has declined 19 percent and Wipro has lost 24 percent. Tech Mahindra and HCL Tech have dropped 16 percent and 18 percent, respectively.



The recent selloff follows a scenario outlined by Citrini Research in its report The 2028 Global Intelligence Crisis: A Thought Exercise in Financial History, from the Future, which states that India’s three IT majors — TCS, Infosys and Wipro — are expected to see contract cancellations accelerate through 2027 as artificial intelligence tools increasingly replace outsourced human coding.

The report notes that India’s IT services sector exports over $200 billion annually and is the single largest contributor to the country’s current account surplus, offsetting its persistent goods trade deficit. It says the sector’s model is built on the cost advantage of Indian developers compared with their American counterparts. However, the marginal cost of an AI coding agent has collapsed to what the report describes as essentially the cost of electricity. In the scenario presented, companies increasingly deploy AI-driven coding tools in place of outsourced development teams.

With the ongoing selloff, mutual funds’ combined investments in IT stocks have declined by over Rs 70,000 crore, with current holdings standing at Rs 3.2 lakh crore in February compared with Rs 3.95 lakh crore in January 2026. Foreign institutional investors’ holdings have fallen by nearly Rs 85,000 crore to Rs 4.49 lakh crore as of February 15, the lowest level in four years, down 16 percent from Rs 5.34 lakh crore at the end of January 2026.

Global brokerages Jefferies India and CLSA have also revised their stance on the sector. Jefferies said artificial intelligence may structurally change the IT business mix towards consulting and implementation while shrinking managed services. It said this could increase cyclicality and require changes in talent and operating models.

While third-quarter results led to earnings upgrades for nearly all IT firms, Jefferies said recent developments in AI have raised concerns about the medium- to long-term growth outlook and driven up to 27 percent derating. It said stock performance is likely to be tied more to the longer-term business outlook than near-term earnings delivery.

The brokerage outlined multiple growth scenarios. In the best case, maintaining long-term revenue growth in line with the previous decade would imply price-to-earnings multiples of 14 to 22 times for large IT firms, with Infosys, HCL Tech and TCS offering around 15 percent rerating potential, and 23 to 42 times for mid-sized firms such as Hexaware and IKS offering 35 to 45 percent rerating potential.

In the worst case, revenue compound annual growth rate over FY26-31 could be 3 percent lower, followed by no growth beyond FY31, leading to potential derating of 30 to 65 percent, with Wipro having the lowest and Coforge the highest derating potential. Assuming 3 percent lower growth over FY26-36 and 1 percent lower terminal growth, multiples could still decline by 10 to 35 percent for large IT firms and up to 15 percent for mid-sized firms.

Jefferies cut its earnings estimates by 1 to 4 percent and expects 6 percent earnings compound annual growth rate over FY26-28. It expects Coforge, Sagility and IKS to grow at 19 to 25 percent compound annual growth rate driven by higher revenue growth. Its estimates are 3 to 14 percent below consensus. The brokerage cut price targets by up to 33 percent, downgraded Infosys, HCL Tech and Mphasis from Buy to Hold, and TCS, LTIM and Hexaware from Hold to Underperform.

Meanwhile, CLSA said fears of AI-led disruption in Indian IT services appear overdone, citing channel checks that indicate no material shift in business positioning and management commentary pointing to a potential macro recovery in calendar year 2026. The brokerage maintained selective stock preferences including Infosys, Tech Mahindra, Coforge and Persistent Systems, while cutting price targets across the board due to valuation derating.

CLSA said that despite heightened debate around AI disruption, client spending behaviour, deal structures and service mix have not changed meaningfully. It added that AI is being absorbed largely as an incremental efficiency and productivity lever rather than a wholesale replacement of traditional IT services.

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Insurance Sector StocksCheck latest stock performance, list of stocks, earnings review & more details about the Insurance sector stocks.

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IRFC shares fall 4% to hit fresh 52-week low as govt to offload up to 4% stake via OFS

Nifty IT Index heads for worst February in 23 years amid AI disruption concerns

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