Positive Buzz

• ONGC: Reported a 23% growth in Q3 net profit to ₹11,946 crore, aided by a 37% surge in other income; the board declared an interim dividend of ₹6.25 per share.
• Muthoot Finance: Standalone net profit doubled to ₹2,656 crore for the December quarter, driven by a 64% surge in revenue.
• Honasa Consumer (Mamaearth): The company nearly tripled its quarterly profit to ₹50 crore, with revenue hitting a record high of ₹602 crore.
• Engineers India: Net profit tripled to ₹347 crore as revenue surged 58%, maintaining healthy margins at 29%.
• Zaggle Prepaid: Posted a robust 84% jump in profit to ₹36 crore on the back of 56% revenue growth.
• J Kumar Infraprojects: The company bagged a significant order worth ₹616 crore from NBCC for the GPRA redevelopment project in Delhi.
• Endurance Tech: Recorded a 20% rise in profit to ₹222 crore, supported by a 26% uptick in sales.
• Hindustan Aeronautics (HAL): In focus following yesterday's report of a 29.6% surge in net profit to ₹1,866.7 crore for the December quarter.

Neutral Developments

• Hindalco: Revenue climbed 14% to ₹66,521 crore; however, net profit halved to ₹2,049 crore due to significant exceptional losses.
• Indraprastha Gas (IGL): Reported a 21% increase in profit to ₹394 crore, while revenue saw a modest 8% growth.
• AU Small Finance Bank: Received RBI approval for the reappointment of its Managing Director, effective from April 2026.
• GAIL: Appointed Deepak Gupta as the new Chairman and Managing Director (CMD), effective from March 1.
• Petronet LNG: Quarterly profit slipped 4% to ₹870 crore amid a 9% decline in revenue.
• Happy Forgings: Witnessed a block deal where Business Excellence Trust sold a 2.84% stake for approximately ₹308 crore.
• Macro Data: India's Jan 2026 CPI inflation stood at 2.75% under the new 2024 base year series, reflecting stable price levels despite food price pressures.

Negative News

• IT Stocks (TCS, Infosys, Wipro): Expected to face heavy selling pressure after Infosys and Wipro ADRs slumped 7% and 5.4% respectively on Wall Street due to AI disruption fears.
• Coal India: Reported a 16% year-on-year decline in consolidated net profit to ₹7,166 crore; declared a third interim dividend of ₹5.5 per share.
• SpiceJet: Slipped into a consolidated net loss of ₹261.38 crore for Q3, compared to a profit in the year-ago period, despite a 14% rise in revenue.
• Market Sentiment: GIFT Nifty indicates a gap-down start of nearly 140 points, tracking a 2% drop in the Nasdaq and a 1.5% decline in the S&P 500.

TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex

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