Flash Finance

🇮🇳 India Daybook: Tata Steel Profit Soars 823%, Fractal Analytics IPO Debuts

Published: 2026-02-09 07:15 IST | Category: Markets | Author: Abhi

🇮🇳 India Daybook: Tata Steel Profit Soars 823%, Fractal Analytics IPO Debuts

📍 EARNINGS TODAY

  • BSE Ltd: The exchange major is scheduled to release its Q3 FY26 results today.
  • Zydus Lifesciences: Market expects steady growth in the US formulations business.
  • Aurobindo Pharma: Analysts will track specialty drug pipeline updates in today's Q3 report.
  • Others: GlaxoSmithKline Pharmaceuticals, KPR Mill, Navin Fluorine International, and Bata India are also slated to announce their December quarter earnings.

📍 EARNINGS REACTION

  • Tata Steel: Reported a stellar 823.9% YoY increase in net profit to ₹2,730 crore for Q3 FY26, significantly beating street estimates due to lower input costs.
  • BEML: While revenue grew 23.7% to ₹1,083.27 crore, the company saw a sharp 94% decline in EBITDA to ₹4 crore, with margins contracting to 0.33%.

📍 IPO WATCH

  • Fractal Analytics: The AI and analytics firm's IPO opens today with a price band of ₹857–₹900 per share.
  • Aye Finance: The micro-lending platform's initial public offering also hits the market today, priced between ₹122 and ₹129.

📍 CORPORATE ACTIONS

  • Power Grid (PGCIL): Today is the record date for an interim dividend of ₹3.25 per share.
  • Bharat Dynamics (BDL): Investors holding the stock today are eligible for the ₹4.50 interim dividend.
  • Container Corp (CONCOR): Record date for an interim dividend of ₹3.40 per share.
  • Go Fashion: Shares will be in focus following the announcement of a share buyback program.
  • HealthCare Global (HCG): Trading window for designated persons is closed from today ahead of a board meeting on February 17 to consider a rights issue.

📍 STRATEGIC DEALS & UPDATES

  • Maruti Suzuki: The auto major signed a Memorandum of Agreement (MoA) with the Andhra Pradesh government to establish four automated driving test tracks.
  • Godrej Agrovet: Announced the launch of 'TAKAI', a new insecticide designed to protect rice crops from invasive pests.
  • Max Healthcare: The company is scheduled to participate in the Nuvama India Investor Conference today to discuss future expansion plans.

📍 MACRO UPDATE

  • India-US Trade Deal: Sentiment in export-oriented sectors like Textiles and Pharma is expected to remain high following an interim trade agreement between New Delhi and Washington.

📍 BROKERAGE PICKS

  • Bharti Airtel: Recommended as a 'Buy' by Choice Broking with a target of ₹2,180.
  • Hindustan Unilever (HUL): Analysts suggest a 'Buy' at ₹2,424 with a target of ₹2,600, citing early signs of a trend reversal.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

Tags: India Daybook Stocks in News Corporate News Stock Market Company News

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