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Shares of Kernex Microsystems (India) Ltd fell sharply on Monday after the company failed to meet an order delivery deadline, while other Kavach-linked stocks also traded lower amid a rub-off effect.

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software-mediumsmall/kernexmicrosystemsindia/KMI">Kernex Microsystems</a> shares declined as much as 15.93 percent to an intraday low of Rs 1,011 apiece, marking their lowest level in nearly a month. The stock opened with a loss of 14.57 percent.

The stock has fallen for five consecutive sessions and is down over 18 percent during this period.

The railway technology firm was unable to complete an order placed by Chittaranjan Locomotive Works within the stipulated timeline. Its request for an extension of the delivery period was rejected by Chittaranjan Locomotive Works.

Kernex Microsystems shares are down 9.4 percent so far in 2025.

The decline also spilled over into other stocks linked to the Kavach automatic train protection system, including HBL Engineering and Quadrant Future Tek.

<a href="https://www.moneycontrol.com/india/stockpricequote/electric-equipment/hblengineering/HBL02">HBL Engineering</a> shares settled 1.94 percent lower at Rs 861.25, while Quadrant Future Tek also ended the session in the red.

"Kavach aids the Loco Pilot in running of train within specified speed limits by automatic application of brakes in case Loco Pilot fails to do so and also helps the trains to run safely during inclement weather," reads a press release by the Ministry of Railways.

CG Power, HBL Engineering, Kernex Microsystems, Quadrant Future Tek and RailTel Corporation of India are among the listed companies associated with India’s Automatic Train Protection system, known as Kavach.

These stocks had seen a sharp surge earlier but have corrected in recent sessions as investor focus has shifted from order announcements to execution.

<em><strong>Disclaimer:</strong> The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.</em>

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

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Kernex shares fall up to 9% on missing order deadline; other Kavach stocks decline up to 2% amid rub-off effect

Shares of Kernex Microsystems (India) Ltd fell sharply on Monday after the company failed to meet an order delivery deadline, while other Kavach-linked stocks also traded lower amid a rub-off effect.

Kernex Microsystems shares declined as much as 15.93 percent to an intraday low of Rs 1,011 apiece, marking their lowest level in nearly a month. The stock opened with a loss of 14.57 percent.

The stock has fallen for five consecutive sessions and is down over 18 percent during this period.

The railway technology firm was unable to complete an order placed by Chittaranjan Locomotive Works within the stipulated timeline. Its request for an extension of the delivery period was rejected by Chittaranjan Locomotive Works.

Kernex Microsystems shares are down 9.4 percent so far in 2025.

The decline also spilled over into other stocks linked to the Kavach automatic train protection system, including HBL Engineering and Quadrant Future Tek.

HBL Engineering shares settled 1.94 percent lower at Rs 861.25, while Quadrant Future Tek also ended the session in the red.

&quot;Kavach aids the Loco Pilot in running of train within specified speed limits by automatic application of brakes in case Loco Pilot fails to do so and also helps the trains to run safely during inclement weather,&quot; reads a press release by the Ministry of Railways.

CG Power, HBL Engineering, Kernex Microsystems, Quadrant Future Tek and RailTel Corporation of India are among the listed companies associated with India’s Automatic Train Protection system, known as Kavach.

These stocks had seen a sharp surge earlier but have corrected in recent sessions as investor focus has shifted from order announcements to execution.

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.

Small and midcap stocks dropped as broader markets underperformed benchmarks, Tejas Networks drops 9% after Q3 net loss and revenue fall., Market partially recovers after US-India trade deal comments by Ambassador Gor.

* Small and midcap stocks dropped as broader markets underperformed benchmarks
* Tejas Networks drops 9% after Q3 net loss and revenue fall.
* Market partially recovers after US-India trade deal comments by Ambassador Gor.

Shares of several small and midcap companies fell on January 12 as broader markets underperformed benchmarks. Nifty Smallcap 100 and Midcap 100 indices dropped, with Tejas Networks leading losses after posting a major Q3 loss and revenue decline.

shorts/business/small-midcap-stocks-decline-for-3rd-day-but-stage-partial-recovery-after-sergio-gor-s-comments-check-top-losers

* Small and midcap stocks dropped as broader markets underperformed benchmarks
* Tejas Networks drops 9% after Q3 net loss and revenue fall.
* Market partially recovers after US-India trade deal comments by Ambassador Gor.

The shares of several small and midcap companies dropped in trade on January 12 as broader markets continued to underperform benchmark indices and traded in the red. This comes even as the indices saw some recovery after US Ambassador Sergio Gor commented on India-US trade deal.

The <a href="https://www.moneycontrol.com/indian-indices/nifty-smallcap-100-53.html">Nifty Smallcap 100</a> index, which earlier dropped nearly 2 percent during the day, was down 0.83 percent, as seen at 2.25 pm. <a href="https://www.moneycontrol.com/indian-indices/nifty-midcap-100-27.html">Nifty Midcap 100</a> index, which fell more around 1 earlier, was down 0.42 percent.
<h3><strong>What did the US Ambassador say?</strong></h3>
The partial recovery was seen in the markets after US Ambassador Sergio Gors said there is "no partner more essential than India" to the President Donald Trump-led country. He further added that both the countries continue to engage actively, and the next call on the much-awaited trade deal will take place tomorrow. "President TRUMP will be visiting India in next 1-2 years hopefully," he added.

While assuming charge in New Delhi on Monday, Gor said that Trump had conveyed his best wishes to Prime Minister Narendra Modi, referring to the relationship between the two leaders as genuine. "Real friends can disagree, but resolve the difference," Gor said, framing current trade negotiations as part of a broader, resilient partnership.
<h3><strong>Top smallcap losers:</strong></h3>
<a href="https://www.moneycontrol.com/india/stockpricequote/telecommunications-equipment/tejasnetworks/TN">Tejas Networks</a> shares were the top losers on the Nifty Smallcap 100 index, falling more than 9 percent. Earlier during the day, the stock had declined as much as 13 percent. This came after the firm reported a consolidated net loss of Rs 196.55 crore for Q3 FY26, as against a net profit of Rs 165.67 crore reported in Q3 FY25. Sequentially however, the net loss narrowed from the Rs 307.13 crore reported in Q2 FY26.

The firm’s revenue from operations meanwhile tumbled more than 88 percent to Rs 306.79 crore in the December-October quarter of the ongoing financial year 2026.

Signatureglobal (India) followed, dropping nearly 5 percent after the real estate firm said it will not be able to meet its FY26 pre-sales guidance and there will be zero pre-sales growth YoY.

<a href="https://www.moneycontrol.com/india/stockpricequote/breweriesdistilleries/radicokhaitan/RK01">Radico Khaitan</a>, Delhivery and Laurus Labs shares fell more than 4 percent, while NBCC, Natco Pharma, Trident, Zen Technologies and other stocks fell around 3 percent.
<h3><strong>Top midcap losers:</strong></h3>
Cummins India and Hitachi Energy India shares fell around 4 percent, while BHEL, Prestige Estates, Godrej Properties and ITC Hotels shares fell around 3 percent each.

Tata Communications, Bharti Hexacom, IDFC First Bank, Kalyan Jewellers, Biocon and others fell around 2 percent.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-flat-start-us-asian-markets-gain-liveblog-13767412.html">LIVE updates</a> from the stock markets here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Small, midcap stocks decline for 3rd day but stage partial recovery after Sergio Gor's comments: Check top losers

The shares of several small and midcap companies dropped in trade on January 12 as broader markets continued to underperform benchmark indices and traded in the red. This comes even as the indices saw some recovery after US Ambassador Sergio Gor commented on India-US trade deal.

The Nifty Smallcap 100 index, which earlier dropped nearly 2 percent during the day, was down 0.83 percent, as seen at 2.25 pm. Nifty Midcap 100 index, which fell more around 1 earlier, was down 0.42 percent.
What did the US Ambassador say?
The partial recovery was seen in the markets after US Ambassador Sergio Gors said there is &quot;no partner more essential than India&quot; to the President Donald Trump-led country. He further added that both the countries continue to engage actively, and the next call on the much-awaited trade deal will take place tomorrow. &quot;President TRUMP will be visiting India in next 1-2 years hopefully,&quot; he added.

While assuming charge in New Delhi on Monday, Gor said that Trump had conveyed his best wishes to Prime Minister Narendra Modi, referring to the relationship between the two leaders as genuine. &quot;Real friends can disagree, but resolve the difference,&quot; Gor said, framing current trade negotiations as part of a broader, resilient partnership.
Top smallcap losers:
Tejas Networks shares were the top losers on the Nifty Smallcap 100 index, falling more than 9 percent. Earlier during the day, the stock had declined as much as 13 percent. This came after the firm reported a consolidated net loss of Rs 196.55 crore for Q3 FY26, as against a net profit of Rs 165.67 crore reported in Q3 FY25. Sequentially however, the net loss narrowed from the Rs 307.13 crore reported in Q2 FY26.

The firm’s revenue from operations meanwhile tumbled more than 88 percent to Rs 306.79 crore in the December-October quarter of the ongoing financial year 2026.

Signatureglobal (India) followed, dropping nearly 5 percent after the real estate firm said it will not be able to meet its FY26 pre-sales guidance and there will be zero pre-sales growth YoY.

Radico Khaitan, Delhivery and Laurus Labs shares fell more than 4 percent, while NBCC, Natco Pharma, Trident, Zen Technologies and other stocks fell around 3 percent.
Top midcap losers:
Cummins India and Hitachi Energy India shares fell around 4 percent, while BHEL, Prestige Estates, Godrej Properties and ITC Hotels shares fell around 3 percent each.

Tata Communications, Bharti Hexacom, IDFC First Bank, Kalyan Jewellers, Biocon and others fell around 2 percent.

Follow all LIVE updates from the stock markets here.

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

Nifty Bank index jumped 677 points after US-India trade deal comments, US Ambassador called India "essential partner," boosting market sentiment, IndusInd Bank led gains; ICICI, SBI, AU Small Finance also rose

* Nifty Bank index jumped 677 points after US-India trade deal comments
* US Ambassador called India "essential partner," boosting market sentiment
* IndusInd Bank led gains; ICICI, SBI, AU Small Finance also rose

Nifty Bank index rebounded sharply, rising 677 points after US Ambassador Sergio Gor highlighted India as an essential trade partner and signaled ongoing India-US trade talks. IndusInd Bank led gains, while some banks saw declines amid technical resistance.

shorts/business/bank-nifty-recovers-650-pts-from-intraday-low-to-reclaim-59-500-as-sergio-gor-s-comments-boost-markets-check-key-resistance-levels

* Nifty Bank index jumped 677 points after US-India trade deal comments
* US Ambassador called India "essential partner," boosting market sentiment
* IndusInd Bank led gains; ICICI, SBI, AU Small Finance also rose

The <a href="https://www.moneycontrol.com/indian-indices/NIFTY-BANK-23.html">Nifty Bank</a> index sharply recovered from its day's low on January 12 as markets jumped after US Ambassador Sergio Gor commented on India-US trade deal.

The index rose around 677 points intraday to hit its day's high at 59,540.95.
<h3><strong>What did the US Ambassador say?</strong></h3>
US Ambassador to India Sergio Gor said there is "no partner more essential than India" to the President Donald Trump-led country, boosting markets. He further added that both the countries continue to engage actively, and the next call on the much-awaited trade deal will take place tomorrow. "President TRUMP will be visiting India in next 1-2 years hopefully," he added.

While assuming charge in New Delhi on Monday, Gor said that Trump had conveyed his best wishes to Prime Minister Narendra Modi, referring to the relationship between the two leaders as genuine. "Real friends can disagree, but resolve the difference," Gor said, framing current trade negotiations as part of a broader, resilient partnership.

Notably, India-US trade deal has seen significant delays, putting pressure on markets for most of 2025 on the back of rising Trump tariffs. Analysts had noted that markets may see some rally in case of any positive news around this front.

Sergio also referred to strategic initiatives like Pax Silica, calling it a US-led framework with India as a key partner. “Both sides continue to actively engage. Not an easy to cross the finish line, but determined,” he said, underscoring the challenges and commitment in ongoing talks.

Senator Marco Rubio added, “This year will be a year of reciprocity,” highlighting the mutual intent to enhance cooperation across trade and strategic sectors.

"Positive statement by U.S. ambassador on continuation of talks on India-U.S. trade deal and reiteration of the importance of India as a trade partner have led to short covering during the day," said Sunny Agrawal, head of fundamental equity research at SBICAPS Securities.
<h3><strong>Technical view on Bank Nifty:</strong></h3>
Axis Direct had said that the trend-deciding level for Bank Nifty today is 59,382. Notably, the index has now crossed this level.

“If Bank Nifty trades above this level, it may rally up to 59609-59967-60195 levels. However, if it trades below 59382 evels, we may witness profit booking in the market, and the index may correct up to 59024-58796-58439 levels,” it said.

For Bank Nifty, the 20-day SMA at 59,500 would act as a key level for traders, said Shrikant Chouhan, Head Equity Research, Kotak Securities. He added that below this mark, the correction wave is likely to continue until 58,800–58,500. Conversely, above 59,500, it could bounce back up to 59,800–59,000, the analyst added.

Choice Broking meanwhile saw immediate support near 59,000, and said that a breakdown could open the door toward 58,900–58,800. On the upside, 59,500–59,600 remains a strong resistance band, and only a decisive move above this zone would revive bullish sentiment, it added.
<h3><strong>Top bank gainers today:</strong></h3>
<a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/indusindbank/IIB">IndusInd Bank</a> shares were the top gainer on the index today, rising more than 2 percent each. <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/icicibank/ICI02">ICICI Bank</a> shares followed, rising more than 1 percent. State Bank of India (<a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/statebankindia/SBI">SBI</a>), AU Small Finance Bank, Yes Bank and Union Bank of India shares gained nearly 1 percent each.

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/kotakmahindrabank/KMB">Kotak Mahindra Bank</a> and <a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/hdfcbank/HDF01">HDFC Bank</a> shares were trading in the green with marginal gains.

Bucking the trend, Punjab National Bank, Axis Bank, Bank of Baroda, Canara Bank, IDFC First Bank and Federal Bank shares fell up to 1 percent.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-flat-start-us-asian-markets-gain-liveblog-13767412.html">LIVE updates</a> from the stock markets here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Bank Nifty recovers 650 pts from intraday low to reclaim 59,500 amid Sergio Gor's comments: Check key resistance levels

The Nifty Bank index sharply recovered from its day's low on January 12 as markets jumped after US Ambassador Sergio Gor commented on India-US trade deal.

The index rose around 677 points intraday to hit its day's high at 59,540.95.
What did the US Ambassador say?
US Ambassador to India Sergio Gor said there is &quot;no partner more essential than India&quot; to the President Donald Trump-led country, boosting markets. He further added that both the countries continue to engage actively, and the next call on the much-awaited trade deal will take place tomorrow. &quot;President TRUMP will be visiting India in next 1-2 years hopefully,&quot; he added.

While assuming charge in New Delhi on Monday, Gor said that Trump had conveyed his best wishes to Prime Minister Narendra Modi, referring to the relationship between the two leaders as genuine. &quot;Real friends can disagree, but resolve the difference,&quot; Gor said, framing current trade negotiations as part of a broader, resilient partnership.

Notably, India-US trade deal has seen significant delays, putting pressure on markets for most of 2025 on the back of rising Trump tariffs. Analysts had noted that markets may see some rally in case of any positive news around this front.

Sergio also referred to strategic initiatives like Pax Silica, calling it a US-led framework with India as a key partner. “Both sides continue to actively engage. Not an easy to cross the finish line, but determined,” he said, underscoring the challenges and commitment in ongoing talks.

Senator Marco Rubio added, “This year will be a year of reciprocity,” highlighting the mutual intent to enhance cooperation across trade and strategic sectors.

&quot;Positive statement by U.S. ambassador on continuation of talks on India-U.S. trade deal and reiteration of the importance of India as a trade partner have led to short covering during the day,&quot; said Sunny Agrawal, head of fundamental equity research at SBICAPS Securities.
Technical view on Bank Nifty:
Axis Direct had said that the trend-deciding level for Bank Nifty today is 59,382. Notably, the index has now crossed this level.

“If Bank Nifty trades above this level, it may rally up to 59609-59967-60195 levels. However, if it trades below 59382 evels, we may witness profit booking in the market, and the index may correct up to 59024-58796-58439 levels,” it said.

For Bank Nifty, the 20-day SMA at 59,500 would act as a key level for traders, said Shrikant Chouhan, Head Equity Research, Kotak Securities. He added that below this mark, the correction wave is likely to continue until 58,800–58,500. Conversely, above 59,500, it could bounce back up to 59,800–59,000, the analyst added.

Choice Broking meanwhile saw immediate support near 59,000, and said that a breakdown could open the door toward 58,900–58,800. On the upside, 59,500–59,600 remains a strong resistance band, and only a decisive move above this zone would revive bullish sentiment, it added.
Top bank gainers today:
IndusInd Bank shares were the top gainer on the index today, rising more than 2 percent each. ICICI Bank shares followed, rising more than 1 percent. State Bank of India (SBI), AU Small Finance Bank, Yes Bank and Union Bank of India shares gained nearly 1 percent each.

Kotak Mahindra Bank and HDFC Bank shares were trading in the green with marginal gains.

Bucking the trend, Punjab National Bank, Axis Bank, Bank of Baroda, Canara Bank, IDFC First Bank and Federal Bank shares fell up to 1 percent.

Follow all LIVE updates from the stock markets here.

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

The shares of export-oriented companies recovered some losses to trade at day’s high on January 12 after US Ambassador Sergio Gors' comments on India-US trade deal boosted markets.

This comes after the stocks declined sharply last week after US President Donald Trump threatened 500 percent tariffs on countries that continue to engage in business with Russia, including India.
<h3><strong>What did the US Ambassador say?</strong></h3>
US Ambassador to India Sergio Gor assumed charge in New Delhi on Monday, and said that both the countries continue to engage actively, and the <a href="https://www.moneycontrol.com/news/india/next-call-on-india-us-trade-deal-on-jan-13-says-ambassador-sergio-gor-13768237.html">next call on the much-awaited trade deal</a> will take place tomorrow. "President TRUMP will be visiting India in next 1-2 years hopefully," he added.

He added that Trump had conveyed his best wishes to Prime Minister Narendra Modi, referring to the relationship between the two leaders as genuine. "Real friends can disagree, but resolve the difference," Gor said, framing current trade negotiations as part of a broader, resilient partnership.
<h3><strong>Textile and shrimp stocks:</strong></h3>
<a href="https://www.moneycontrol.com/india/stockpricequote/aquaculture/avantifeeds/AF21">Avanti Feeds</a> shares rose over 2 percent to close at Rs 820.90 apiece, marking a 5 percent intraday jump from its day's low. <a href="https://www.moneycontrol.com/india/stockpricequote/food-processing/apexfrozenfoods/AFF">Apex Frozen Foods</a> jumped 8 percent intraday to Rs 272 apiece. Costal Corp shares gained around 2 percent.

<a href="https://www.moneycontrol.com/india/stockpricequote/textiles-readymade-apparels/gokaldasexports/GE05">Gokaldas Exports</a> shares also rose 7 percent intraday to its day’s high at Rs 648.5 apiece, before paring some gains. Revenue from US accounts for more 60 percent of the overall revenue for the company, whose shares fell more than 34 percent in 2025 amid Trump's tariff flipflops.

<a href="https://www.moneycontrol.com/india/stockpricequote/textiles-readymade-apparels/kprmill/M15">KPR Mill</a> and Pearl Global shares rose 3 percent intraday to their respective day's highs.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-flat-start-us-asian-markets-gain-liveblog-13767412.html">LIVE updates</a> from the stock markets here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Impact of Sergio Gor's comments on India-US trade deal: Avanti Feeds, other export-oriented stocks jump up to 8% from day's low

The shares of export-oriented companies recovered some losses to trade at day’s high on January 12 after US Ambassador Sergio Gors' comments on India-US trade deal boosted markets.

This comes after the stocks declined sharply last week after US President Donald Trump threatened 500 percent tariffs on countries that continue to engage in business with Russia, including India.
What did the US Ambassador say?
US Ambassador to India Sergio Gor assumed charge in New Delhi on Monday, and said that both the countries continue to engage actively, and the next call on the much-awaited trade deal will take place tomorrow. &quot;President TRUMP will be visiting India in next 1-2 years hopefully,&quot; he added.

He added that Trump had conveyed his best wishes to Prime Minister Narendra Modi, referring to the relationship between the two leaders as genuine. &quot;Real friends can disagree, but resolve the difference,&quot; Gor said, framing current trade negotiations as part of a broader, resilient partnership.
Textile and shrimp stocks:
Avanti Feeds shares rose over 2 percent to close at Rs 820.90 apiece, marking a 5 percent intraday jump from its day's low. Apex Frozen Foods jumped 8 percent intraday to Rs 272 apiece. Costal Corp shares gained around 2 percent.

Gokaldas Exports shares also rose 7 percent intraday to its day’s high at Rs 648.5 apiece, before paring some gains. Revenue from US accounts for more 60 percent of the overall revenue for the company, whose shares fell more than 34 percent in 2025 amid Trump's tariff flipflops.

KPR Mill and Pearl Global shares rose 3 percent intraday to their respective day's highs.

Follow all LIVE updates from the stock markets here.

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

IREDA shares rose over 4 percent after strong Q3 results and profit growth, Tejas Networks shares fell 13 percent to a 52-week low after reporting net loss, IREDA's net profit up 37.5 percent YoY; Tejas Networks revenue down 88 percent

* IREDA shares rose over 4 percent after strong Q3 results and profit growth
* Tejas Networks shares fell 13 percent to a 52-week low after reporting net loss
* IREDA's net profit up 37.5 percent YoY; Tejas Networks revenue down 88 percent

IREDA shares rose over 4% after strong Q3 FY26 results, with net profit up 37.5% YoY and robust loan growth. Tejas Networks shares fell 13% to a 52-week low after reporting a net loss and an 88% drop in revenue for the same quarter.

shorts/business/q3-results-impact-ireda-shares-jump-4-on-strong-profit-growth-tejas-networks-down-13-as-firm-posts-loss

* IREDA shares rose over 4 percent after strong Q3 results and profit growth
* Tejas Networks shares fell 13 percent to a 52-week low after reporting net loss
* IREDA's net profit up 37.5 percent YoY; Tejas Networks revenue down 88 percent

The shares of Indian Renewable Energy Development Agency (<a href="https://www.moneycontrol.com/india/stockpricequote/power-generationdistribution/indianrenewableenergydevelopmentagency/IREDAL">IREDA</a>) jumped more than 4 percent on January 12 after the company released its results for the third quarter of the ongoing financial year 2026. Tejas Networks shares meanwhile tumbled 13 percent to a record low level.

IREDA shares rose to Rs 142.3 apiece on Monday, snapping a two-session losing streak. <a href="https://www.moneycontrol.com/india/stockpricequote/telecommunications-equipment/tejasnetworks/TN">Tejas Networks</a> shares meanwhile dropped around 13 percent to hit a fresh 52-week low of Rs 364.25 apiece.
<h3><strong>IREDA Q3 Results:</strong></h3>
IREDA on January 9 reported a standalone net profit of Rs 584.91 crore for the October-December quarter of FY26. This marks a 37.5 percent year-on-year (YoY) increase from the Rs 425.38 crore net profit reported in the same period of the previous financial year.

The firm’s revenue from operations meanwhile rose more than 25 percent YoY to Rs 2,129.87 crore during the quarter under review, from Rs 1,698.45 crore in the corresponding quarter of the previous financial year.

IREDA’s outstanding loan book increased 28 percent YoY to Rs 87,975 crore, while net worth rose 38 percent YoY to Rs 13,537 crore. Asset quality however deteriorated, with net non-performing assets (NPA) margin rising from 1.5 percent to 1.68 percent.

The company’s strong December quarter performance was driven by healthy sanctions and robust disbursements across solar, state utilities, and ethanol segment, ICICI Direct Research said. Meanwhile, net interest income grew nearly 40 percent on year, supported by balance sheet expansion and the company saw an improvement with its interest spread at 2.63 percent, according to the brokerage.

ICICI Direct Research said that despite temporary stress in Q1, IREDA’s Q3 performance confirms normalisation in margins, asset quality and earnings. It added that long-term structural growth story for renewable financing remains intact, supported by balance sheet growth, stable margins and sustained asset quality.

“IREDA reported strong Q3 FY26 results with significant profit growth and improved asset quality sequentially. The renewable energy financier saw robust loan book expansion amid rising disbursements. Outlook remains positive, supported by renewable energy sector momentum,” said Khushi Mistry, Research Analyst at Bonanza.
<h3><strong>Tejas Networks Q3 Results:</strong></h3>
Tejas Networks on January 9 reported a consolidated net loss of Rs 196.55 crore for Q3 FY26, as against a net profit of Rs 165.67 crore reported in Q3 FY25. Sequentially however, the net loss narrowed from the Rs 307.13 crore reported in Q2 FY26.

The firm’s revenue from operations meanwhile tumbled more than 88 percent to Rs 306.79 crore in the December-October quarter of the ongoing financial year 2026.

The Tata Group company said that it ended Q3 FY26 with an order book of Rs 1,329 crore. “Our net debt was Rs 3,349 crore compared to Rs 3,738 crore in Q2 FY26 mainly due to lower working capital, partly offset by capex, gross debt of Rs 3,885 crore and cash of Rs 537 crore,” said Tejas Networks CFO Sumit Dhingra.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-flat-start-us-asian-markets-gain-liveblog-13767412.html">LIVE updates</a> from the stock markets here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Q3 Results impact: IREDA shares jump 4% on strong profit growth; Tejas Networks down 13% as firm posts loss

The shares of Indian Renewable Energy Development Agency (IREDA) jumped more than 4 percent on January 12 after the company released its results for the third quarter of the ongoing financial year 2026. Tejas Networks shares meanwhile tumbled 13 percent to a record low level.

IREDA shares rose to Rs 142.3 apiece on Monday, snapping a two-session losing streak. Tejas Networks shares meanwhile dropped around 13 percent to hit a fresh 52-week low of Rs 364.25 apiece.
IREDA Q3 Results:
IREDA on January 9 reported a standalone net profit of Rs 584.91 crore for the October-December quarter of FY26. This marks a 37.5 percent year-on-year (YoY) increase from the Rs 425.38 crore net profit reported in the same period of the previous financial year.

The firm’s revenue from operations meanwhile rose more than 25 percent YoY to Rs 2,129.87 crore during the quarter under review, from Rs 1,698.45 crore in the corresponding quarter of the previous financial year.

IREDA’s outstanding loan book increased 28 percent YoY to Rs 87,975 crore, while net worth rose 38 percent YoY to Rs 13,537 crore. Asset quality however deteriorated, with net non-performing assets (NPA) margin rising from 1.5 percent to 1.68 percent.

The company’s strong December quarter performance was driven by healthy sanctions and robust disbursements across solar, state utilities, and ethanol segment, ICICI Direct Research said. Meanwhile, net interest income grew nearly 40 percent on year, supported by balance sheet expansion and the company saw an improvement with its interest spread at 2.63 percent, according to the brokerage.

ICICI Direct Research said that despite temporary stress in Q1, IREDA’s Q3 performance confirms normalisation in margins, asset quality and earnings. It added that long-term structural growth story for renewable financing remains intact, supported by balance sheet growth, stable margins and sustained asset quality.

“IREDA reported strong Q3 FY26 results with significant profit growth and improved asset quality sequentially. The renewable energy financier saw robust loan book expansion amid rising disbursements. Outlook remains positive, supported by renewable energy sector momentum,” said Khushi Mistry, Research Analyst at Bonanza.
Tejas Networks Q3 Results:
Tejas Networks on January 9 reported a consolidated net loss of Rs 196.55 crore for Q3 FY26, as against a net profit of Rs 165.67 crore reported in Q3 FY25. Sequentially however, the net loss narrowed from the Rs 307.13 crore reported in Q2 FY26.

The firm’s revenue from operations meanwhile tumbled more than 88 percent to Rs 306.79 crore in the December-October quarter of the ongoing financial year 2026.

The Tata Group company said that it ended Q3 FY26 with an order book of Rs 1,329 crore. “Our net debt was Rs 3,349 crore compared to Rs 3,738 crore in Q2 FY26 mainly due to lower working capital, partly offset by capex, gross debt of Rs 3,885 crore and cash of Rs 537 crore,” said Tejas Networks CFO Sumit Dhingra.

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