Laxmipati Eng.

< -5%

-5% to -3%

-3% to 0%

ABS Marine

VMS Industries

0% to 3%

Cochin Shipyard

3% to 5%

Mazagon Dock

Garden Reach Sh

Foreign investors sold Rs 17000 crore in IT stocks in February, FII holdings in IT stocks hit a 4-year low after sharp selloff, Capital goods and auto stocks saw strong FII buying in February

* Foreign investors sold Rs 17000 crore in IT stocks in February
* FII holdings in IT stocks hit a 4-year low after sharp selloff
* Capital goods and auto stocks saw strong FII buying in February

Foreign investors sold Rs 17,000 crore in IT stocks in February amid AI concerns, dropping holdings to a four-year low. Major IT firms saw sharp declines. FIIs shifted focus, buying capital goods, auto, construction, metals, financial services, and power stocks.

shorts/business/fiis-dump-rs-17000-crore-in-it-stocks-in-february-amid-ai-concerns

* Foreign investors sold Rs 17000 crore in IT stocks in February
* FII holdings in IT stocks hit a 4-year low after sharp selloff
* Capital goods and auto stocks saw strong FII buying in February

Foreign investors sold nearly Rs 6,000 crore worth of IT stocks in the second half of February after offloading around Rs 11,000 crore in the first half of the month, as concerns over the impact of generative artificial intelligence triggered a sharp selloff in the sector.

The heavy selling came amid fears that rapid advances in generative AI could reduce demand for large-scale, human-led coding and IT support services, which remain a key revenue driver for India’s software exporters.

Combined selling by FIIs in IT stocks during February stood at nearly Rs 17,000 crore. Despite the sector-specific selling, FIIs remained net buyers in Indian equities overall, purchasing around Rs 15,250 crore during the month.

Following the selloff, FIIs’ combined investment in IT stocks declined to about Rs 4.18 lakh crore at the end of February, the lowest level in four years. This represents a 21.8 percent drop from Rs 5.34 lakh crore at the end of January 2026, according to NSDL data.

Foreign investors have been consistently reducing exposure to IT stocks since the start of 2025, with cumulative selling of about Rs 74,698 crore during the period. Details of stock-wise stake reductions are expected to be disclosed in the March quarter shareholding patterns.

FII holdings in IT stocks had stood at a record Rs 7.3 lakh crore at the beginning of 2025. With the recent decline in stock prices alongside continued selling, the value of these holdings has fallen about 42.8 percent.

The decline in stock prices during February has been sharp across major IT companies. Infosys fell 20.4 percent during the month, while TCS dropped 18 percent and HCL Technologies declined 20.1 percent. Tech Mahindra fell 23.5 percent, Persistent Systems lost 23 percent, and Wipro declined around 17.4 percent. The Nifty IT index dropped 20.8 percent during the same period.

Apart from IT, FIIs also reduced exposure to a few other sectors in the second half of February. They sold shares worth Rs 5,238 crore in consumer services and Rs 1,775 crore in telecom stocks. FMCG stocks saw selling of around Rs 769 crore, while chemicals and consumer durables witnessed selling of over Rs 350 crore each.

At the same time, several sectors saw strong buying interest from foreign investors in the latter half of the month. Capital goods and auto stocks attracted the highest inflows, with FIIs purchasing shares worth Rs 4,103 crore and Rs 3,075 crore respectively in the second half of February, following purchases of Rs 8,032 crore and Rs 511 crore in the first half.

Construction and metals stocks also saw buying of Rs 2,742 crore and Rs 2,359 crore respectively during the second half, after inflows of Rs 1,745 crore and Rs 3,279 crore in the first half of the month. Financial services and power stocks attracted buying of Rs 2,243 crore and Rs 1,234 crore respectively in the second half of February, after inflows of Rs 6,175 crore and Rs 3,272 crore during the first half.

<img class="alignnone size-full wp-image-13852123" src="https://images.moneycontrol.com/static-mcnews/2026/03/20260305131518_Sectorwise-FII-flows-050326.jpg" alt="Sectorwise FII flows 050326" width="700" height="944" />

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

FIIs dump Rs 17,000 crore in IT stocks in February amid AI concerns

Foreign investors sold nearly Rs 6,000 crore worth of IT stocks in the second half of February after offloading around Rs 11,000 crore in the first half of the month, as concerns over the impact of generative artificial intelligence triggered a sharp selloff in the sector.

The heavy selling came amid fears that rapid advances in generative AI could reduce demand for large-scale, human-led coding and IT support services, which remain a key revenue driver for India’s software exporters.

Combined selling by FIIs in IT stocks during February stood at nearly Rs 17,000 crore. Despite the sector-specific selling, FIIs remained net buyers in Indian equities overall, purchasing around Rs 15,250 crore during the month.

Following the selloff, FIIs’ combined investment in IT stocks declined to about Rs 4.18 lakh crore at the end of February, the lowest level in four years. This represents a 21.8 percent drop from Rs 5.34 lakh crore at the end of January 2026, according to NSDL data.

Foreign investors have been consistently reducing exposure to IT stocks since the start of 2025, with cumulative selling of about Rs 74,698 crore during the period. Details of stock-wise stake reductions are expected to be disclosed in the March quarter shareholding patterns.

FII holdings in IT stocks had stood at a record Rs 7.3 lakh crore at the beginning of 2025. With the recent decline in stock prices alongside continued selling, the value of these holdings has fallen about 42.8 percent.

The decline in stock prices during February has been sharp across major IT companies. Infosys fell 20.4 percent during the month, while TCS dropped 18 percent and HCL Technologies declined 20.1 percent. Tech Mahindra fell 23.5 percent, Persistent Systems lost 23 percent, and Wipro declined around 17.4 percent. The Nifty IT index dropped 20.8 percent during the same period.

Apart from IT, FIIs also reduced exposure to a few other sectors in the second half of February. They sold shares worth Rs 5,238 crore in consumer services and Rs 1,775 crore in telecom stocks. FMCG stocks saw selling of around Rs 769 crore, while chemicals and consumer durables witnessed selling of over Rs 350 crore each.

At the same time, several sectors saw strong buying interest from foreign investors in the latter half of the month. Capital goods and auto stocks attracted the highest inflows, with FIIs purchasing shares worth Rs 4,103 crore and Rs 3,075 crore respectively in the second half of February, following purchases of Rs 8,032 crore and Rs 511 crore in the first half.

Construction and metals stocks also saw buying of Rs 2,742 crore and Rs 2,359 crore respectively during the second half, after inflows of Rs 1,745 crore and Rs 3,279 crore in the first half of the month. Financial services and power stocks attracted buying of Rs 2,243 crore and Rs 1,234 crore respectively in the second half of February, after inflows of Rs 6,175 crore and Rs 3,272 crore during the first half.

Stocks in Fous on 6 March: Amber Enterprises, DCX Systems, Dr Reddys Labs, BMW Industries, Finkurve Financial, Zaggle Prepaid, Fractal Analytics

* Stocks in Fous on 6 March: Amber Enterprises, DCX Systems, Dr Reddys Labs, BMW Industries, Finkurve Financial, Zaggle Prepaid, Fractal Analytics

shorts/business/stocks-to-watch-today-amber-enterprises-dcx-systems-dr-reddys-labs-bmw-industries-finkurve-financial-zaggle-prepaid-fractal-analytics-in-focus-on-6-march

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, appointments, and order wins, 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>

Aye Finance, Kwality Walls (India), DCM Shriram International, RRP Defense, and Tulsi Extrusions will release quarterly earnings today.

<a href="https://www.moneycontrol.com/markets/earnings/" target="_blank">Quarterly Earnings</a>

Fractal Analytics Q3 (Consolidated YoY)

Profit grows 10.6% to Rs 102.6 crore Vs Rs 92.8 crore

Revenue jumps 20.8% to Rs 854.4 crore Vs Rs 707.2 crore

Stocks to Watch

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/drreddyslaboratories/DRL" target="_blank">Dr Reddy's Laboratories</a>

The company has received the Establishment Inspection Report (EIR) from the United States Food &amp; Drug Administration (USFDA) for its formulations manufacturing facility in Srikakulam, Andhra Pradesh. The USFDA has classified the inspection outcome as Voluntary Action Indicated (VAI) and concluded that the inspection is officially closed.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-others/jiofinancialservices/JFS" target="_blank">Jio Financial Services</a>

The company has subscribed to and has been allotted 14.74 crore equity shares of Allianz Jio Reinsurance (AJRL), joint venture, for cash at par, aggregating Rs 147.45 crore.

AJRL will utilise the amount to fund its business operations. The aggregate investment by the company in AJRL till date is Rs 150 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/auto-23-wheelers/bajajauto/BA10" target="_blank">Bajaj Auto</a>

KTM AG has pre-paid all the outstanding dues under the facility agreement to BAIH BV, resulting in the termination of the said agreement.

The Facility Agreement was executed between Bajaj Auto International Holdings BV (BAIH BV), a wholly owned subsidiary of Bajaj Auto, and KTM AG, a step-down subsidiary of the company, for a secured term loan of Euro 450 million towards the restructuring process of KTM AG and its relevant subsidiaries.

<a href="https://www.moneycontrol.com/india/stockpricequote/engineering/standardengineeringtechnology/SGL01" target="_blank">Standard Engineering Technology</a>

The company has entered into a Target-Based Conditional Distribution Agreement with API Pharma Pharmaceutical Trading LLC for the Middle East region as part of its export expansion strategy.

<a href="https://www.moneycontrol.com/india/stockpricequote/it-servicesconsulting/zaggleprepaidoceanservices/ZPO" target="_blank">Zaggle Prepaid Ocean Services</a>

The company has entered into an agreement with Blue Star to provide Zaggle Save (Employee Expense Management &amp; Benefits).

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/tataelxsi/TE" target="_blank">Tata Elxsi</a>

The company announced the launch of DevStudio.ai, an automotive multi-agentic solution purpose-built to accelerate the automotive software development lifecycle (SDLC) for OEMs, system suppliers, and semiconductor companies.

<a href="https://www.moneycontrol.com/india/stockpricequote/engineering-heavy/gardenreachshipbuildersengineers/GRS01" target="_blank">Garden Reach Shipbuilders &amp; Engineers</a>

The company has entered into a Memorandum of Understanding (MoU) with Kalyani Strategic Systems to jointly develop and promote indigenous solutions for advanced naval systems, unmanned platforms, and other strategic maritime capabilities for domestic and global markets.

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/wipro/W" target="_blank">Wipro</a>

The AI-powered technology services and consulting company announced the appointment of Laura Marie Miller to its Board of Directors.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-investments/finkurvefinancialservices/SL02" target="_blank">Finkurve Financial Services</a>

The company has announced a strategic co-lending partnership with Godrej Finance (GFL), a subsidiary of Godrej Capital, to jointly offer gold loan products under the Reserve Bank of India’s co-lending framework.

<a href="https://www.moneycontrol.com/india/stockpricequote/tyres/jktyreindustries/JKT01" target="_blank">JK Tyre and Industries</a>

The Board has authorised the signing of a Share Transfer and Shareholders Agreement for an investment of Rs 5.04 crore to acquire a minimum of 26% equity shares in Sunpulse Power, and Rs 1.53 crore to acquire 26% equity shares in FPEL Burning Bright.

<a href="https://www.moneycontrol.com/india/stockpricequote/oil-drillingexploration/asianenergyservices/AOS" target="_blank">Asian Energy Services</a>

The company has received an observation letter with no objection from the National Stock Exchange of India for the merger of Oilmax Energy with itself.

<a href="https://www.moneycontrol.com/india/stockpricequote/pharmaceuticals/shilpamedicare/SM19" target="_blank">Shilpa Medicare</a>

The National Company Law Tribunal (NCLT) has approved the Scheme of Amalgamation of Shilpa Therapeutics, a wholly owned subsidiary, with Shilpa Medicare, its holding company.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-term-lending/sbicardspaymentservices/SCP02" target="_blank">SBI Cards and Payment Services</a>

The Board has declared an interim dividend of Rs 2.5 per share for the current financial year 2025–26. The record date for determining the entitlement of payment of the interim dividend is March 11.

Additionally, the Board has approved the extension of the term of Ved Prakash as Executive Vice President &amp; Head – Internal Audit for a period of four months, from March 1, 2026 to June 30, 2026.

<a href="https://www.moneycontrol.com/india/stockpricequote/oil-drillingexploration/petronetlng/PLN" target="_blank">Petronet LNG</a>

The company has received a notice of Force Majeure from its LNG supplier QatarEnergy (QE). Consequently, the company has issued corresponding Force Majeure notices to its off-takers, namely GAIL (India), Indian Oil Corporation, and Bharat Petroleum Corporation (BPCL), under the relevant Gas Sale and Purchase Agreements.

The likely impact of the Force Majeure, which is currently an ongoing event, cannot be estimated at this point. The company is closely monitoring the developments.

<a href="https://www.moneycontrol.com/india/stockpricequote/hotel-resortrestaurants/samhihotels/SH17" target="_blank">Samhi Hotels</a>

The hotel ownership and asset management platform said its board has approved the acquisition of a majority stake of 70% in RARE India. It expects to enter into definitive agreements by May 2026, marking Samhi’s entry into the experiential leisure segment through an asset-light platform investment.

<a href="https://www.moneycontrol.com/india/stockpricequote/shipbuilding/mazagondockshipbuilders/MDS01" target="_blank">Mazagon Dock Shipbuilders</a>

In a clarification note on media reports of a Rs 99,000 crore defence deal, the company said CNC negotiations with the Government are completed. The proposal has been taken up for approval by the competent authority.

<a href="https://www.moneycontrol.com/india/stockpricequote/ironsteel/bmwindustrieslimited/BMW54266" target="_blank">BMW Industries</a>

The company has entered into a strategic partnership for the supply of piped natural gas (PNG) with Indian Oil Corporation (IOC).

<a href="https://www.moneycontrol.com/india/stockpricequote/electronics-components/dcxsystems/DS11" target="_blank">DCX Systems</a>

The company has received a purchase order worth Rs 68.05 crore from Hindustan Aeronautics for the manufacture and supply of custom-made antennas and power supplies for airborne applications.

<a href="https://www.moneycontrol.com/india/stockpricequote/diversified/balmerlawrieco/BLC" target="_blank">Balmer Lawrie and company</a>

The company has declared an interim dividend of Rs 4.25 per share for the current financial year 2025–26.

Bulk Deals

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/amberenterprisesindialimited/AEI01" target="_blank">Amber Enterprises India</a>

HDFC Mutual Fund has acquired 2.41 lakh shares (equivalent to 0.68 percent of paid-up equity) in Amber Enterprises for Rs 184.95 crore. The buying price was Rs 7,650 per share.

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/devinformationtechnology/DIT02" target="_blank">Dev Information Technology</a>

Xduce Technologies, the US-based app development and digital transformation company, has bought an additional 10 lakh shares (1.77 percent stake) in Dev Information Technology for Rs 2.66 crore from Pravinaben Pradyumnabhai Shah, a relative of promoter Prerak Pradyumna Shah. The transaction price was Rs 26.68 per share.

On March 2, Xduce acquired a 9.09 percent stake in Dev Information Technology, in addition to the 12.48 percent stake it bought in January.

Invicta Diagnostic

Investi Global Opportunity Fund PCC – Cell 1 has bought 1.2 lakh shares (0.95 percent stake) in the company at Rs 70.44 per share, valued at Rs 84.5 lakh.

Block Deals

Afcons Infrastructure

Goldman Sachs Bank Europe SE – ODI has picked up 9.71 lakh shares (0.26 percent stake) in Afcons Infrastructure from Morgan Stanley Asia Singapore Pte at Rs 276.5 per share, amounting to Rs 26.8 crore.

SME Listing

Striders Impex

Stocks Trade Ex-Bonus

LKP Finance
Accedere

Stocks Trade Ex-Dividend

SBI Life Insurance Company
Bharat Electronics
Engineers India
John Cockerill India
Eighty Jewellers

Stock Trades Ex-Date for Split

Meera Industries

Stock Trades Ex-Date for Rights

Bluegod Entertainment

Stock Trades Ex-Date for Split, Bonus

Silver Touch Technologies

Stock Trades Ex-Date for Reduction of Capital

CISTRO Telelink

Stocks in F&amp;O ban

SAIL
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.

Stocks to Watch Today: Amber Enterprises, DCX Systems, Dr Reddys Labs, BMW Industries, Finkurve Financial, Zaggle Prepaid, Fractal Analytics in focus on 6 March

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

Results Today

Aye Finance, Kwality Walls (India), DCM Shriram International, RRP Defense, and Tulsi Extrusions will release quarterly earnings today.

Quarterly Earnings

Fractal Analytics Q3 (Consolidated YoY)

Profit grows 10.6% to Rs 102.6 crore Vs Rs 92.8 crore

Revenue jumps 20.8% to Rs 854.4 crore Vs Rs 707.2 crore

Stocks to Watch

Dr Reddy's Laboratories

The company has received the Establishment Inspection Report (EIR) from the United States Food &amp;amp; Drug Administration (USFDA) for its formulations manufacturing facility in Srikakulam, Andhra Pradesh. The USFDA has classified the inspection outcome as Voluntary Action Indicated (VAI) and concluded that the inspection is officially closed.

Jio Financial Services

The company has subscribed to and has been allotted 14.74 crore equity shares of Allianz Jio Reinsurance (AJRL), joint venture, for cash at par, aggregating Rs 147.45 crore.

AJRL will utilise the amount to fund its business operations. The aggregate investment by the company in AJRL till date is Rs 150 crore.

Bajaj Auto

KTM AG has pre-paid all the outstanding dues under the facility agreement to BAIH BV, resulting in the termination of the said agreement.

The Facility Agreement was executed between Bajaj Auto International Holdings BV (BAIH BV), a wholly owned subsidiary of Bajaj Auto, and KTM AG, a step-down subsidiary of the company, for a secured term loan of Euro 450 million towards the restructuring process of KTM AG and its relevant subsidiaries.

Standard Engineering Technology

The company has entered into a Target-Based Conditional Distribution Agreement with API Pharma Pharmaceutical Trading LLC for the Middle East region as part of its export expansion strategy.

Zaggle Prepaid Ocean Services

The company has entered into an agreement with Blue Star to provide Zaggle Save (Employee Expense Management &amp;amp; Benefits).

Tata Elxsi

The company announced the launch of DevStudio.ai, an automotive multi-agentic solution purpose-built to accelerate the automotive software development lifecycle (SDLC) for OEMs, system suppliers, and semiconductor companies.

Garden Reach Shipbuilders &amp;amp; Engineers

The company has entered into a Memorandum of Understanding (MoU) with Kalyani Strategic Systems to jointly develop and promote indigenous solutions for advanced naval systems, unmanned platforms, and other strategic maritime capabilities for domestic and global markets.

Wipro

The AI-powered technology services and consulting company announced the appointment of Laura Marie Miller to its Board of Directors.

Finkurve Financial Services

The company has announced a strategic co-lending partnership with Godrej Finance (GFL), a subsidiary of Godrej Capital, to jointly offer gold loan products under the Reserve Bank of India’s co-lending framework.

JK Tyre and Industries

The Board has authorised the signing of a Share Transfer and Shareholders Agreement for an investment of Rs 5.04 crore to acquire a minimum of 26% equity shares in Sunpulse Power, and Rs 1.53 crore to acquire 26% equity shares in FPEL Burning Bright.

Asian Energy Services

The company has received an observation letter with no objection from the National Stock Exchange of India for the merger of Oilmax Energy with itself.

Shilpa Medicare

The National Company Law Tribunal (NCLT) has approved the Scheme of Amalgamation of Shilpa Therapeutics, a wholly owned subsidiary, with Shilpa Medicare, its holding company.

SBI Cards and Payment Services

The Board has declared an interim dividend of Rs 2.5 per share for the current financial year 2025–26. The record date for determining the entitlement of payment of the interim dividend is March 11.

Additionally, the Board has approved the extension of the term of Ved Prakash as Executive Vice President &amp;amp; Head – Internal Audit for a period of four months, from March 1, 2026 to June 30, 2026.

Petronet LNG

The company has received a notice of Force Majeure from its LNG supplier QatarEnergy (QE). Consequently, the company has issued corresponding Force Majeure notices to its off-takers, namely GAIL (India), Indian Oil Corporation, and Bharat Petroleum Corporation (BPCL), under the relevant Gas Sale and Purchase Agreements.

The likely impact of the Force Majeure, which is currently an ongoing event, cannot be estimated at this point. The company is closely monitoring the developments.

Samhi Hotels

The hotel ownership and asset management platform said its board has approved the acquisition of a majority stake of 70% in RARE India. It expects to enter into definitive agreements by May 2026, marking Samhi’s entry into the experiential leisure segment through an asset-light platform investment.

Mazagon Dock Shipbuilders

In a clarification note on media reports of a Rs 99,000 crore defence deal, the company said CNC negotiations with the Government are completed. The proposal has been taken up for approval by the competent authority.

BMW Industries

The company has entered into a strategic partnership for the supply of piped natural gas (PNG) with Indian Oil Corporation (IOC).

DCX Systems

The company has received a purchase order worth Rs 68.05 crore from Hindustan Aeronautics for the manufacture and supply of custom-made antennas and power supplies for airborne applications.

Balmer Lawrie and company

The company has declared an interim dividend of Rs 4.25 per share for the current financial year 2025–26.

Bulk Deals

Amber Enterprises India

HDFC Mutual Fund has acquired 2.41 lakh shares (equivalent to 0.68 percent of paid-up equity) in Amber Enterprises for Rs 184.95 crore. The buying price was Rs 7,650 per share.

Dev Information Technology

Xduce Technologies, the US-based app development and digital transformation company, has bought an additional 10 lakh shares (1.77 percent stake) in Dev Information Technology for Rs 2.66 crore from Pravinaben Pradyumnabhai Shah, a relative of promoter Prerak Pradyumna Shah. The transaction price was Rs 26.68 per share.

On March 2, Xduce acquired a 9.09 percent stake in Dev Information Technology, in addition to the 12.48 percent stake it bought in January.

Invicta Diagnostic

Investi Global Opportunity Fund PCC – Cell 1 has bought 1.2 lakh shares (0.95 percent stake) in the company at Rs 70.44 per share, valued at Rs 84.5 lakh.

Block Deals

Afcons Infrastructure

Goldman Sachs Bank Europe SE – ODI has picked up 9.71 lakh shares (0.26 percent stake) in Afcons Infrastructure from Morgan Stanley Asia Singapore Pte at Rs 276.5 per share, amounting to Rs 26.8 crore.

SME Listing

Striders Impex

Stocks Trade Ex-Bonus

LKP Finance
Accedere

Stocks Trade Ex-Dividend

SBI Life Insurance Company
Bharat Electronics
Engineers India
John Cockerill India
Eighty Jewellers

Stock Trades Ex-Date for Split

Meera Industries

Stock Trades Ex-Date for Rights

Bluegod Entertainment

Stock Trades Ex-Date for Split, Bonus

Silver Touch Technologies

Stock Trades Ex-Date for Reduction of Capital

CISTRO Telelink

Stocks in F&amp;amp;O ban

SAIL
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.

HDFC Mutual Fund picks up shares worth Rs 185 crore in Amber Enterprises, Xduce Technologies buys additional 1.77% stake in Dev Information Technology, Investi Global Opportunity Fund buys 0.95% stake in Invicta Diagnostic

* HDFC Mutual Fund picks up shares worth Rs 185 crore in Amber Enterprises
* Xduce Technologies buys additional 1.77% stake in Dev Information Technology
* Investi Global Opportunity Fund buys 0.95% stake in Invicta Diagnostic

shorts/business/hdfc-mutual-fund-picks-up-shares-worth-rs-185-crore-in-amber-enterprises

* HDFC Mutual Fund picks up shares worth Rs 185 crore in Amber Enterprises
* Xduce Technologies buys additional 1.77% stake in Dev Information Technology
* Investi Global Opportunity Fund buys 0.95% stake in Invicta Diagnostic

HDFC Mutual Fund has bought nearly 0.7 percent equity stake in Amber Enterprises India, a manufacturer of air conditioners, electronics, and mobility solutions, for Rs 185 crore via open market transactions on March 5.

<a href="https://www.moneycontrol.com/india/stockpricequote/miscellaneous/amberenterprisesindialimited/AEI01">Amber Enterprises India</a> shares climbed 2.38 percent to Rs 7,834 amid high volumes on the BSE but still in the broad range of March 2. The stock sustained above all key moving averages.

As per the bulk deals data published by exchanges on Thursday, HDFC Mutual Fund has acquired 2.41 lakh shares (equivalent to 0.68 percent of paid-up equity) in Amber Enterprises for Rs 184.95 crore.

The buying price for above shares was Rs 7,650 per share.

Meanwhile, Xduce Technologies, the US-based app development and digital transformation company, has bought additional 10 lakh shares (1.77 percent) stake in <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/devinformationtechnology/DIT02">Dev Information Technology</a> for Rs 2.66 crore from Pravinaben Pradyumnabhai Shah, the relative of promoter Prerak Pradyumna Shah. The transaction price was Rs 26.68 per share.

Dev Information Technology shares declined 4.5 percent to Rs 26.18 after couple of days of rally.

On March 2, Xduce acquired 9.09 percent stake in Dev Information Technology, in addition to 12.48 percent stake buy in January.

Diagnostic chain <a href="https://www.moneycontrol.com/india/stockpricequote/labslife-sciences-services/invictadiagnostic/IDL">Invicta Diagnostic</a> shares were locked in 20 percent upper circuit at Rs 70.85 on the NSE after a consolidation since February. Investi Global Opportunity Fund PCC - Cell 1 has bought 1.2 lakh shares (0.95 percent stake) in the company at Rs 70.44 per share, valued at Rs 84.5 lakh.

As per the block deals data, Goldman Sachs Bank Europe SE - ODI has picked up 9.71 lakh shares (0.26 percent stake) in <a href="https://www.moneycontrol.com/india/stockpricequote/infrastructure/afconsinfrastructure/AIL08">Afcons Infrastructure</a> from Morgan Stanley Asia Singapore Pte at Rs 276.5 per share, amounting to Rs 26.8 crore.

HDFC Mutual Fund picks up shares worth Rs 185 crore in Amber Enterprises

HDFC Mutual Fund has bought nearly 0.7 percent equity stake in Amber Enterprises India, a manufacturer of air conditioners, electronics, and mobility solutions, for Rs 185 crore via open market transactions on March 5.

Amber Enterprises India shares climbed 2.38 percent to Rs 7,834 amid high volumes on the BSE but still in the broad range of March 2. The stock sustained above all key moving averages.

As per the bulk deals data published by exchanges on Thursday, HDFC Mutual Fund has acquired 2.41 lakh shares (equivalent to 0.68 percent of paid-up equity) in Amber Enterprises for Rs 184.95 crore.

The buying price for above shares was Rs 7,650 per share.

Meanwhile, Xduce Technologies, the US-based app development and digital transformation company, has bought additional 10 lakh shares (1.77 percent) stake in Dev Information Technology for Rs 2.66 crore from Pravinaben Pradyumnabhai Shah, the relative of promoter Prerak Pradyumna Shah. The transaction price was Rs 26.68 per share.

Dev Information Technology shares declined 4.5 percent to Rs 26.18 after couple of days of rally.

On March 2, Xduce acquired 9.09 percent stake in Dev Information Technology, in addition to 12.48 percent stake buy in January.

Diagnostic chain Invicta Diagnostic shares were locked in 20 percent upper circuit at Rs 70.85 on the NSE after a consolidation since February. Investi Global Opportunity Fund PCC - Cell 1 has bought 1.2 lakh shares (0.95 percent stake) in the company at Rs 70.44 per share, valued at Rs 84.5 lakh.

As per the block deals data, Goldman Sachs Bank Europe SE - ODI has picked up 9.71 lakh shares (0.26 percent stake) in Afcons Infrastructure from Morgan Stanley Asia Singapore Pte at Rs 276.5 per share, amounting to Rs 26.8 crore.

Reliance shares fell 4 percent this week, 8 percent in a month, Diesel margin surge may boost Reliance's refining profits, JM Financial maintains buy rating, target price at Rs 1,730

* Reliance shares fell 4 percent this week, 8 percent in a month
* Diesel margin surge may boost Reliance's refining profits
* JM Financial maintains buy rating, target price at Rs 1,730

Reliance Industries shares fell amid Middle East tensions, but JM Financial sees near-term benefits from higher energy prices and diesel margins. Despite risks like windfall tax, the brokerage maintains a buy rating, citing strong digital and EPS growth prospects.

shorts/business/ril-refining-petchem-margins-could-rise-as-oil-prices-climb-jm-financial

* Reliance shares fell 4 percent this week, 8 percent in a month
* Diesel margin surge may boost Reliance's refining profits
* JM Financial maintains buy rating, target price at Rs 1,730

Shares of Reliance Industries Ltd have fallen about 4 percent this week and nearly 8 percent over the past month amid rising geopolitical tensions in the Middle East, though analysts say the company may not be negatively impacted by the recent spike in crude and LNG prices.

According to a recent report by JM Financial, Reliance could in fact see near-term benefits from the rise in energy prices, supported by a jump in diesel refining margins and a potential improvement in petrochemical spreads.

The brokerage noted that diesel cracks have surged to about $35–$42 per barrel over the past two days from around $20 earlier. With diesel accounting for roughly 40–50 percent of the yield at Reliance’s refinery, sustained diesel cracks of around $30 per barrel could lift the company’s gross refining margin by $4–$5 per barrel.

JM Financial estimates that every $1 per barrel increase in Reliance’s gross refining margin could raise annual EBITDA by about Rs 45 billion, or roughly 2.2 percent, while also adding about Rs 29 per share, or 1.7 percent, to the company’s valuation.

However, the brokerage said the current spike in diesel cracks is unlikely to be sustainable. It also highlighted the possibility of government intervention through a windfall tax if margins remain elevated, similar to measures taken after the Russia-Ukraine conflict when the government capped diesel and petrol cracks at about $20 per barrel and imposed a windfall levy on excess margins.

Reliance could also benefit from stronger petrochemical margins. JM Financial said petrochemical product prices typically rise along with crude prices, while feedstock costs for Reliance are less sensitive because the company has limited dependence on crude-linked naphtha.

The company’s petrochemical feedstock mix consists of roughly 25 percent ethane, 50 percent off-gases and about 25 percent crude-linked naphtha, providing some insulation from higher crude costs.

The recent decline in Reliance shares appears largely linked to foreign institutional investor selling. FII ownership stood at 21.1 percent at the end of December 2025 compared with a peak of 28.3 percent at the end of March 2021.

At current market prices, JM Financial said the stock is trading close to its bear-case valuation of Rs 1,275 per share. The brokerage reiterated its buy rating with an unchanged target price of Rs 1,730.

JM Financial said the current share price reflects concerns about near-term weakness in retail EBITDA growth due to investments in quick commerce, but does not fully capture the expected 15–16 percent EBITDA growth in the digital business over the next two to three years, supported by a projected 10–11 percent ARPU CAGR.

The brokerage expects Reliance to deliver EPS growth of about 14–16 percent annually over the next three to five years. Key triggers include the potential IPO of Jio in the coming months, subject to regulatory approval for large IPO norms, and a possible telecom tariff hike afterward.

At current levels, the stock is trading at about 16.8 times FY28 estimated earnings compared with a three-year average of 23.9 times. Its FY28 estimated EV/EBITDA multiple stands at 8.2 times versus a three-year average of 11.9 times, JM Financial said.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Disclaimer: Moneycontrol is part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

RIL refining, petchem margins could rise as oil prices climb: JM Financial

Shares of Reliance Industries Ltd have fallen about 4 percent this week and nearly 8 percent over the past month amid rising geopolitical tensions in the Middle East, though analysts say the company may not be negatively impacted by the recent spike in crude and LNG prices.

According to a recent report by JM Financial, Reliance could in fact see near-term benefits from the rise in energy prices, supported by a jump in diesel refining margins and a potential improvement in petrochemical spreads.

The brokerage noted that diesel cracks have surged to about $35–$42 per barrel over the past two days from around $20 earlier. With diesel accounting for roughly 40–50 percent of the yield at Reliance’s refinery, sustained diesel cracks of around $30 per barrel could lift the company’s gross refining margin by $4–$5 per barrel.

JM Financial estimates that every $1 per barrel increase in Reliance’s gross refining margin could raise annual EBITDA by about Rs 45 billion, or roughly 2.2 percent, while also adding about Rs 29 per share, or 1.7 percent, to the company’s valuation.

However, the brokerage said the current spike in diesel cracks is unlikely to be sustainable. It also highlighted the possibility of government intervention through a windfall tax if margins remain elevated, similar to measures taken after the Russia-Ukraine conflict when the government capped diesel and petrol cracks at about $20 per barrel and imposed a windfall levy on excess margins.

Reliance could also benefit from stronger petrochemical margins. JM Financial said petrochemical product prices typically rise along with crude prices, while feedstock costs for Reliance are less sensitive because the company has limited dependence on crude-linked naphtha.

The company’s petrochemical feedstock mix consists of roughly 25 percent ethane, 50 percent off-gases and about 25 percent crude-linked naphtha, providing some insulation from higher crude costs.

The recent decline in Reliance shares appears largely linked to foreign institutional investor selling. FII ownership stood at 21.1 percent at the end of December 2025 compared with a peak of 28.3 percent at the end of March 2021.

At current market prices, JM Financial said the stock is trading close to its bear-case valuation of Rs 1,275 per share. The brokerage reiterated its buy rating with an unchanged target price of Rs 1,730.

JM Financial said the current share price reflects concerns about near-term weakness in retail EBITDA growth due to investments in quick commerce, but does not fully capture the expected 15–16 percent EBITDA growth in the digital business over the next two to three years, supported by a projected 10–11 percent ARPU CAGR.

The brokerage expects Reliance to deliver EPS growth of about 14–16 percent annually over the next three to five years. Key triggers include the potential IPO of Jio in the coming months, subject to regulatory approval for large IPO norms, and a possible telecom tariff hike afterward.

At current levels, the stock is trading at about 16.8 times FY28 estimated earnings compared with a three-year average of 23.9 times. Its FY28 estimated EV/EBITDA multiple stands at 8.2 times versus a three-year average of 11.9 times, JM Financial said.

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

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

Defence stocks rose up to 5 percent as markets rebounded., Bharat Electronics led gains, rising 3.6 percent in Nifty pack., Mazagon Dock rose on news of a major Indian Navy submarine deal.

* Defence stocks rose up to 5 percent as markets rebounded.
* Bharat Electronics led gains, rising 3.6 percent in Nifty pack.
* Mazagon Dock rose on news of a major Indian Navy submarine deal.

Shares of defence firms like Bharat Electronics, Mazagon Dock Shipbuilders, and Hindustan Aeronautics rose as market recovered. Gains were driven by Middle East tensions, value buying, and reports of a major Indian Navy submarine deal with Mazagon Dock.

shorts/business/bel-mazagon-dock-hal-other-defence-shares-rise-up-to-4-middle-east-tensions-two-other-reasons

* Defence stocks rose up to 5 percent as markets rebounded.
* Bharat Electronics led gains, rising 3.6 percent in Nifty pack.
* Mazagon Dock rose on news of a major Indian Navy submarine deal.

Shares of defence companies such as Bharat Electronics, Mazagon Dock Shipbuilders and Hindustan Aeronautics rose up to 10 percent in trade on Thursday as the broader market recovered after three sessions of losses and global equities advanced following recent declines linked to tensions in West Asia.

<a href="https://www.moneycontrol.com/india/stockpricequote/aerospacedefence/bharatelectronics/BE03">Bharat Electronics</a> emerged as the top gainer in the Nifty Defence pack, rising up to 3.6 percent. Shares of <a href="https://www.moneycontrol.com/india/stockpricequote/ship-building/mazagondockshipbuilders/MDS01">Mazagon Dock Shipbuilders</a> and Hindustan Aeronautics also traded higher, gaining up to 5.3 percent and 0.5 percent, respectively.

Out of 18 defence-related stocks tracked, 16 were trading in the green in the Nifty Defence Index, while only two — Cyient DLM and Dynamatic Technologies — were in the red.
<h3>Key triggers</h3>
1) Middle East tensions: Escalating tensions involving Iran, Israel and the United States have renewed interest in defence companies. Heightened geopolitical uncertainty generally increases focus on defence preparedness across countries, which can drive demand for equipment such as missiles, surveillance systems, drones, ammunition and radar systems. This often leads to buying in defence-linked stocks on expectations of higher orders and improved business prospects.

2) Value buying: Traders also pointed to value buying in the sector after stocks declined about 1 percent in the previous session.

3) Buying in ship building shares: Shares of Mazagon Dock Shipbuilders extended gains and were up nearly 10 percent. Reports indicated that the Indian Navy is likely to finalise a deal worth about Rs 99,000 crore for six German submarines from Thyssenkrupp Marine Systems, which are expected to be constructed in Mumbai by Mazagon Dock.

Shares of Cochin Shipyard also rose more than 2 percent on the back of the development.

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.

BEL, Mazagon Dock, HAL, other defence shares rise up to 10%: Middle East tensions, two other reasons

Shares of defence companies such as Bharat Electronics, Mazagon Dock Shipbuilders and Hindustan Aeronautics rose up to 10 percent in trade on Thursday as the broader market recovered after three sessions of losses and global equities advanced following recent declines linked to tensions in West Asia.

Bharat Electronics emerged as the top gainer in the Nifty Defence pack, rising up to 3.6 percent. Shares of Mazagon Dock Shipbuilders and Hindustan Aeronautics also traded higher, gaining up to 5.3 percent and 0.5 percent, respectively.

Out of 18 defence-related stocks tracked, 16 were trading in the green in the Nifty Defence Index, while only two — Cyient DLM and Dynamatic Technologies — were in the red.
Key triggers
1) Middle East tensions: Escalating tensions involving Iran, Israel and the United States have renewed interest in defence companies. Heightened geopolitical uncertainty generally increases focus on defence preparedness across countries, which can drive demand for equipment such as missiles, surveillance systems, drones, ammunition and radar systems. This often leads to buying in defence-linked stocks on expectations of higher orders and improved business prospects.

2) Value buying: Traders also pointed to value buying in the sector after stocks declined about 1 percent in the previous session.

3) Buying in ship building shares: Shares of Mazagon Dock Shipbuilders extended gains and were up nearly 10 percent. Reports indicated that the Indian Navy is likely to finalise a deal worth about Rs 99,000 crore for six German submarines from Thyssenkrupp Marine Systems, which are expected to be constructed in Mumbai by Mazagon Dock.

Shares of Cochin Shipyard also rose more than 2 percent on the back of the development.

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.

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RIL refining, petchem margins could rise as oil prices climb: JM Financial

BEL, Mazagon Dock, HAL, other defence shares rise up to 10%: Middle East tensions, two other reasons

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

Gainers/Losers

Industry Market Map

Earnings Review-Q3 FY25-26

Stock News

FIIs dump Rs 17,000 crore in IT stocks in February amid AI concerns

Stocks to Watch Today: Amber Enterprises, DCX Systems, Dr Reddys Labs, BMW Industries, Finkurve Financial, Zaggle Prepaid, Fractal Analytics in focus on 6 March

HDFC Mutual Fund picks up shares worth Rs 185 crore in Amber Enterprises

RIL refining, petchem margins could rise as oil prices climb: JM Financial

BEL, Mazagon Dock, HAL, other defence shares rise up to 10%: Middle East tensions, two other reasons

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