🇮🇳 India Daybook: BHEL OFS Retail Bidding Opens, Ashok Leyland Q3 Profit Jumps 60%

Published: 2026-02-12 07:15 IST | Category: Markets | Author: Abhi

BHEL: The government’s Offer for Sale (OFS) enters its second day today, opening for retail investors and eligible employees. The government is offloading up to a 5% stake (including a greenshoe option) at a floor price of ₹254 per share, aiming to raise approximately ₹4,422 crore.

Kernes Microsystems: The company has secured a significant contract worth ₹411 crore from Banaras Locomotive Works for the supply of 505 KAVACH safety units.
Larsen & Toubro (L&T): The infrastructure major has bagged a major road project in Dubai, further strengthening its international order book.

Ashok Leyland: Reported a stellar 60% YoY jump in net profit to ₹593.4 crore. Revenue grew 16.5% to ₹10,484 crore, though EBITDA margins saw a slight contraction to 4.1%.
SJVN: Net profit surged 50.3% YoY to ₹224 crore, supported by a 61.3% rise in revenue. The board has declared an interim dividend of ₹1.15 per share.
IRCON International: Posted a 16% increase in net profit to ₹99.85 crore. The company also announced an interim dividend of ₹1.20 per share, with the record date set for February 20, 2026.
Lenskart Solutions: The eyewear unicorn (unlisted but closely watched) reported a massive 70-fold increase in Q3 profit to ₹131 crore, driven by aggressive store expansion and a 38% rise in revenue.
LG Electronics India: Faced a challenging quarter with net profit crashing 61.6% to ₹89.7 crore amid weaker consumer demand and a 6.4% dip in revenue.
Elgi Equipments: Net profit rose 18% to ₹95.2 crore, while revenue also saw an 18% growth to ₹1,003 crore, led by strong demand in the compressor segment.

Netweb Technologies: Promoters are reportedly planning to sell a 3% stake through block deals today at a floor price of ₹3,027 per share, valuing the deal at roughly ₹515 crore.
Ather Energy: Reports indicate a significant block deal where the government and NIIF offloaded a 1.92% stake for ₹331 crore at ₹710 per share to institutional buyers.

LIC: In a major policy shift, the government has amended FDI norms to allow up to 20% Foreign Direct Investment in LIC through the automatic route, aligning it with other scheduled banks.
Federal Bank / Equitas SFB: The RBI has granted approval to ICICI Prudential AMC to acquire up to a 9.95% stake in both Federal Bank and Equitas Small Finance Bank.

RBL Bank / Central Bank of India: Both lenders have alerted exchanges regarding a potential disruption in banking services today, February 12, due to a nationwide bank strike called by various trade unions (AIBEA, BEFI, AIBOA).
Infosys: The stock remains in focus as it eyes a rebound toward the ₹1,800–₹1,900 range, contingent on AI deal wins despite cautious sentiment in the US market.

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