< -5%

-5% to -3%

LIC India

SBI Life Insura

New India Assur

Niva Bupa Healt

-3% to 0%

ICICI Lombard 

PB Fintech

General Insuran

ICICI Prudentia

Go Digit

Canara HSBC

HDFC Life

0% to 3%

3% to 5%

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" />

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

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.

Stocks in Focus on Feb 25: Schaeffler India, Elantas Beck India, HG Infra Engineering, IRFC, Aditya Infotech, Rail Vikas Nigam, Waaree Energies

* Stocks in Focus on Feb 25: Schaeffler India, Elantas Beck India, HG Infra Engineering, IRFC, Aditya Infotech, Rail Vikas Nigam, Waaree Energies

shorts/business/stocks-to-watch-today-dr-reddys-labs-aditya-infotech-irfc-hg-infra-schaeffler-india-rail-vikas-nigam-waaree-energies-hexaware-in-focus-on-25-february

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, order wins, acquisitions, 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>

KSB, Sanofi India, Sanofi Consumer Healthcare India, AJC Jewel Manufacturers, Foseco India, Subam Papers, Supha Pharmachem, and Vasudhagama Enterprises will release 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/bearings/schaefflerindia/FAG" target="_blank">Schaeffler India</a> Q4-2025 (Consolidated YoY)

Profit surges 35.9% to Rs 322.4 crore Vs Rs 237.3 crore

Revenue grows 27.5% to Rs 2,724.2 crore Vs Rs 2,136 crore

Board recommends dividend of Rs 35 per share for 2025

<a href="https://www.moneycontrol.com/india/stockpricequote/chemicals/elantasbeckindia/EBI" target="_blank">Elantas Beck India</a> Q4-2025 (YoY)

Profit soars 32.4% to Rs 39.4 crore Vs Rs 29.7 crore

Revenue increases 9.3% to Rs 215.2 crore Vs Rs 197 crore

<a href="https://www.moneycontrol.com/india/stockpricequote/printingstationery/dicindia/DIC02" target="_blank">DIC India</a> Q4-2025 (YoY)

Profit falls 36.3% to Rs 4.6 crore Vs Rs 7.1 crore

Revenue grows 5.8% to Rs 231.9 crore Vs Rs 219.2 crore

Stocks to Watch

<a href="https://www.moneycontrol.com/india/stockpricequote/infrastructure/hginfraengineering/HIE" target="_blank">HG Infra Engineering</a>

The company has been declared the lowest bidder by NHAI for a project worth Rs 1,582 crore. The project involves the construction of a new six-lane, access-controlled Capital Region Ring Road (Package-III) from Gobindpur (NH-55) to Tangi near Bandola Toll Plaza (NH-16) in Odisha under the Hybrid Annuity Mode.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-nbfc/indianrailwayfinancecorporation/IRF" target="_blank">Indian Railway Finance Corporation</a>

The Government of India is set to sell up to 26.13 crore equity shares (2 percent stake) on February 25–26, with an option to additionally sell up to another 26.13 crore shares (2 percent stake) through a separate window of the BSE and the National Stock Exchange of India.

The floor price for the offer for sale has been fixed at Rs 104 per share.

<a href="https://www.moneycontrol.com/india/stockpricequote/diversified/adityainfotech/AIL10" target="_blank">Aditya Infotech</a>

Promoters and Dixon Technologies are likely to sell up to a 5.8 percent stake in Aditya Infotech via a block deal, with the offer size estimated at around Rs 1,000 crore, CNBC-TV18 reported, quoting sources.

As per the filing to the exchanges, promoters Hari Khemka Business Family Trust and Rishi Khemka will sell up to a 2 percent stake in the company to comply with the minimum public shareholding requirements.

The total promoter and promoter group shareholding stood at 76.74 percent of the total paid-up equity as of February 24.

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/railvikasnigam/RVN" target="_blank">Rail Vikas Nigam</a>

The company has received a Letter of Acceptance (LoA) for an order worth Rs 270.22 crore from Central Railway. The order involves the design, supply, erection, testing, and commissioning of a 220/132/55 KV traction substation, sectioning posts (SPs), and sub-sectioning posts (SSPs) in a 2 x 25 KV traction system (Scott Connected Transformer) for the Daund–Solapur section of Central Railway.

<a href="https://www.moneycontrol.com/india/stockpricequote/electric-equipment/waareeenergies/WEL01" target="_blank">Waaree Energies</a>

The company’s subsidiary, Waaree Forever Energies, has received a Letter of Award from the Solar Energy Corporation of India for the development of a 300 MW wind power project in Dwarka, Gujarat.

<a href="https://www.moneycontrol.com/india/stockpricequote/ironsteel/hindalcoindustries/HI" target="_blank">Hindalco Industries</a>

Novelis has announced its entry into a subscription agreement with AV Minerals, the sole shareholder of Novelis and a wholly owned subsidiary of the company. As per the agreement, AV Minerals has agreed to purchase 13.33 lakh Novelis common shares (no par value) for $200 million at a price of $150 per share.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/lupin/L" target="_blank">Lupin</a>

The pharma company has received approval from the US FDA for its Abbreviated New Drug Application (ANDA) for Brivaracetam Oral Solution 10 mg/mL.

Brivaracetam is bioequivalent to Briviact Oral Solution of UCB, Inc., and is used for the treatment of partial-onset seizures in patients aged one month and older.

Brivaracetam Oral Solution (RLD: Briviact) had estimated annual sales of $135 million in the US.

<a href="https://www.moneycontrol.com/india/stockpricequote/it-servicesconsulting/hexawaretechnologies/HTL03" target="_blank">Hexaware Technologies</a>

The IT services and solutions provider has expanded its collaboration with Amazon Web Services (AWS) to deliver AI-enabled software development lifecycle (SDLC) capabilities to enterprises worldwide. This collaboration builds on Hexaware’s Strategic Collaboration Agreement (SCA) with AWS to accelerate cloud adoption, application modernization, and AI-led transformation.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/drreddyslaboratories/DRL" target="_blank">Dr Reddy's Laboratories</a>

The company has received a letter from the US Securities and Exchange Commission (SEC) stating that, based on the available information, the SEC has concluded its investigation and does not intend to recommend any enforcement action against the company at this time.

The company had initiated a detailed investigation into an anonymous complaint alleging improper payments to healthcare professionals in Ukraine and potentially other countries, which could constitute a violation of US anti-corruption laws, including the US Foreign Corrupt Practices Act. The matter was accordingly disclosed to the US Department of Justice, the US Securities and Exchange Commission (SEC), and the Securities and Exchange Board of India (SEBI). The company also engaged a US law firm to conduct the investigation.

<a href="https://www.moneycontrol.com/india/stockpricequote/hotel-resortrestaurants/samhihotels/SH17" target="_blank">Samhi Hotels</a>

The company’s subsidiary, Duet India Hotels (Navi Mumbai), has signed operating agreements for its assets in Navi Mumbai with Marriott Hotels India and its affiliates. This signing will further expand SAMHI’s partnership with Marriott.

The 350-room upper upscale hotel in Navi Mumbai has been signed under the Westin brand, while another 350-room upper mid-scale hotel in Navi Mumbai has been signed under the Fairfield by Marriott brand.

<a href="https://www.moneycontrol.com/india/stockpricequote/diversified/generalinsurancecorporationindia/GIC12" target="_blank">General Insurance Corporation of India</a>

The Financial Services Institutions Bureau (FSIB) has recommended the name of Hitesh Rameshchandra Joshi for the position of Chairman and Managing Director (CMD) at General Insurance Corporation of India.

<a href="https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/powergridcorporationindia/PGC" target="_blank">Power Grid Corporation of India</a>

The Cabinet Committee on Economic Affairs has increased the permissible equity investment limit of Power Grid from the current threshold of Rs 5,000 crore per subsidiary to Rs 7,500 crore per subsidiary, while retaining the existing cap of 15 percent of the company’s net worth.

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/5paisacapital/C98" target="_blank">5Paisa Capital</a>

The Board has approved the raising of funds worth Rs 475 crore through the issuance of equity shares via a rights issue.

Bulk Deals

<a href="https://www.moneycontrol.com/india/stockpricequote/construction-real-estate/embassyofficeparksreit/EOP" target="_blank">Embassy Office Parks REIT</a>

PPFAS Mutual Fund has bought 5.6 crore units of the real estate investment trust at Rs 420 per unit, amounting to Rs 2,364.4 crore.

However, Capital Income Builder, American Funds, and Small Cap World Fund sold nearly 5.5 percent of the REIT’s units at the same price for Rs 2,199.7 crore.
Capital Income Builder offloaded 1.06 crore units (equivalent to 1.1 percent of the total units outstanding) for Rs 447.4 crore. American Funds Global Balanced Fund sold 1.25 crore units (1.3 percent stake) for Rs 525 crore, while 2.92 crore units (3.08 percent stake) were sold by Small Cap World Fund for Rs 1,227.3 crore.

US-based Capital Group-owned Small Cap World Fund held a 4.01 percent stake in Embassy Office Parks REIT as of December 2025.

<a href="https://www.moneycontrol.com/india/stockpricequote/textiles-denim/rbdenims/RD03" target="_blank">R&amp;B Denims</a>

Pine Oak Global Fund has acquired 8.28 lakh shares in the Surat-based textile company for Rs 16.4 crore. The purchase price was Rs 198.6 per share.

SME Listing

Yashhtej Industries (India)

Stock Trades Ex-Dividend

NBCC (India)

Stock Trades Ex-Date for Split

Fynx Capital

Stock Trades Ex-Date for Rights

Bhandari Hosiery Exports

Stocks to Watch Today: Dr Reddys Labs, Aditya Infotech, IRFC, HG Infra, Schaeffler India, Rail Vikas Nigam, Waaree Energies, Hexaware in focus on 25 February

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

Results Today

KSB, Sanofi India, Sanofi Consumer Healthcare India, AJC Jewel Manufacturers, Foseco India, Subam Papers, Supha Pharmachem, and Vasudhagama Enterprises will release their quarterly earnings today.

Quarterly Earnings

Schaeffler India Q4-2025 (Consolidated YoY)

Profit surges 35.9% to Rs 322.4 crore Vs Rs 237.3 crore

Revenue grows 27.5% to Rs 2,724.2 crore Vs Rs 2,136 crore

Board recommends dividend of Rs 35 per share for 2025

Elantas Beck India Q4-2025 (YoY)

Profit soars 32.4% to Rs 39.4 crore Vs Rs 29.7 crore

Revenue increases 9.3% to Rs 215.2 crore Vs Rs 197 crore

DIC India Q4-2025 (YoY)

Profit falls 36.3% to Rs 4.6 crore Vs Rs 7.1 crore

Revenue grows 5.8% to Rs 231.9 crore Vs Rs 219.2 crore

Stocks to Watch

HG Infra Engineering

The company has been declared the lowest bidder by NHAI for a project worth Rs 1,582 crore. The project involves the construction of a new six-lane, access-controlled Capital Region Ring Road (Package-III) from Gobindpur (NH-55) to Tangi near Bandola Toll Plaza (NH-16) in Odisha under the Hybrid Annuity Mode.

Indian Railway Finance Corporation

The Government of India is set to sell up to 26.13 crore equity shares (2 percent stake) on February 25–26, with an option to additionally sell up to another 26.13 crore shares (2 percent stake) through a separate window of the BSE and the National Stock Exchange of India.

The floor price for the offer for sale has been fixed at Rs 104 per share.

Aditya Infotech

Promoters and Dixon Technologies are likely to sell up to a 5.8 percent stake in Aditya Infotech via a block deal, with the offer size estimated at around Rs 1,000 crore, CNBC-TV18 reported, quoting sources.

As per the filing to the exchanges, promoters Hari Khemka Business Family Trust and Rishi Khemka will sell up to a 2 percent stake in the company to comply with the minimum public shareholding requirements.

The total promoter and promoter group shareholding stood at 76.74 percent of the total paid-up equity as of February 24.

Rail Vikas Nigam

The company has received a Letter of Acceptance (LoA) for an order worth Rs 270.22 crore from Central Railway. The order involves the design, supply, erection, testing, and commissioning of a 220/132/55 KV traction substation, sectioning posts (SPs), and sub-sectioning posts (SSPs) in a 2 x 25 KV traction system (Scott Connected Transformer) for the Daund–Solapur section of Central Railway.

Waaree Energies

The company’s subsidiary, Waaree Forever Energies, has received a Letter of Award from the Solar Energy Corporation of India for the development of a 300 MW wind power project in Dwarka, Gujarat.

Hindalco Industries

Novelis has announced its entry into a subscription agreement with AV Minerals, the sole shareholder of Novelis and a wholly owned subsidiary of the company. As per the agreement, AV Minerals has agreed to purchase 13.33 lakh Novelis common shares (no par value) for $200 million at a price of $150 per share.

Lupin

The pharma company has received approval from the US FDA for its Abbreviated New Drug Application (ANDA) for Brivaracetam Oral Solution 10 mg/mL.

Brivaracetam is bioequivalent to Briviact Oral Solution of UCB, Inc., and is used for the treatment of partial-onset seizures in patients aged one month and older.

Brivaracetam Oral Solution (RLD: Briviact) had estimated annual sales of $135 million in the US.

Hexaware Technologies

The IT services and solutions provider has expanded its collaboration with Amazon Web Services (AWS) to deliver AI-enabled software development lifecycle (SDLC) capabilities to enterprises worldwide. This collaboration builds on Hexaware’s Strategic Collaboration Agreement (SCA) with AWS to accelerate cloud adoption, application modernization, and AI-led transformation.

Dr Reddy's Laboratories

The company has received a letter from the US Securities and Exchange Commission (SEC) stating that, based on the available information, the SEC has concluded its investigation and does not intend to recommend any enforcement action against the company at this time.

The company had initiated a detailed investigation into an anonymous complaint alleging improper payments to healthcare professionals in Ukraine and potentially other countries, which could constitute a violation of US anti-corruption laws, including the US Foreign Corrupt Practices Act. The matter was accordingly disclosed to the US Department of Justice, the US Securities and Exchange Commission (SEC), and the Securities and Exchange Board of India (SEBI). The company also engaged a US law firm to conduct the investigation.

Samhi Hotels

The company’s subsidiary, Duet India Hotels (Navi Mumbai), has signed operating agreements for its assets in Navi Mumbai with Marriott Hotels India and its affiliates. This signing will further expand SAMHI’s partnership with Marriott.

The 350-room upper upscale hotel in Navi Mumbai has been signed under the Westin brand, while another 350-room upper mid-scale hotel in Navi Mumbai has been signed under the Fairfield by Marriott brand.

General Insurance Corporation of India

The Financial Services Institutions Bureau (FSIB) has recommended the name of Hitesh Rameshchandra Joshi for the position of Chairman and Managing Director (CMD) at General Insurance Corporation of India.

Power Grid Corporation of India

The Cabinet Committee on Economic Affairs has increased the permissible equity investment limit of Power Grid from the current threshold of Rs 5,000 crore per subsidiary to Rs 7,500 crore per subsidiary, while retaining the existing cap of 15 percent of the company’s net worth.

5Paisa Capital

The Board has approved the raising of funds worth Rs 475 crore through the issuance of equity shares via a rights issue.

Bulk Deals

Embassy Office Parks REIT

PPFAS Mutual Fund has bought 5.6 crore units of the real estate investment trust at Rs 420 per unit, amounting to Rs 2,364.4 crore.

However, Capital Income Builder, American Funds, and Small Cap World Fund sold nearly 5.5 percent of the REIT’s units at the same price for Rs 2,199.7 crore.
Capital Income Builder offloaded 1.06 crore units (equivalent to 1.1 percent of the total units outstanding) for Rs 447.4 crore. American Funds Global Balanced Fund sold 1.25 crore units (1.3 percent stake) for Rs 525 crore, while 2.92 crore units (3.08 percent stake) were sold by Small Cap World Fund for Rs 1,227.3 crore.

US-based Capital Group-owned Small Cap World Fund held a 4.01 percent stake in Embassy Office Parks REIT as of December 2025.

R&amp;amp;B Denims

Pine Oak Global Fund has acquired 8.28 lakh shares in the Surat-based textile company for Rs 16.4 crore. The purchase price was Rs 198.6 per share.

SME Listing

Yashhtej Industries (India)

Stock Trades Ex-Dividend

NBCC (India)

Stock Trades Ex-Date for Split

Fynx Capital

Stock Trades Ex-Date for Rights

Bhandari Hosiery Exports

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

Gainers/Losers

Sector Market Map

Earnings Review-Q3 FY25-26

Stock News

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

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

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

Stocks to Watch Today: Dr Reddys Labs, Aditya Infotech, IRFC, HG Infra, Schaeffler India, Rail Vikas Nigam, Waaree Energies, Hexaware in focus on 25 February

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

Gainers/Losers

Sector Market Map

Earnings Review-Q3 FY25-26

Stock News

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

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

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

Stocks to Watch Today: Dr Reddys Labs, Aditya Infotech, IRFC, HG Infra, Schaeffler India, Rail Vikas Nigam, Waaree Energies, Hexaware in focus on 25 February

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