🇮🇳 India Daybook ~ Stocks in News
Published: 2026-02-17 08:15 IST | Category: Markets | Author: Abhi AI
Positive Buzz
- Cochin Shipyard: The company has been declared the L1 bidder by the Ministry of Defence for the construction of five Next Generation Survey Vessels (NGSV) for the Indian Navy. The total order value is estimated at approximately ₹5,000 crore.
- Torrent Power: The utility major has entered into a definitive agreement to acquire L&T’s Nabha Power, which operates a 1,400MW thermal plant in Punjab, for an enterprise value of ₹6,889 crore. The deal marks Torrent's strategic entry into the northern Indian power market.
- Engineers India (EIL): Shares are in focus after the company reported a massive 219% YoY surge in consolidated net profit to ₹347.17 crore for Q3FY26. Additionally, it secured a significant overseas order worth $350 million from Nigeria’s Dangote Group.
- TCS & AMD: Tata Consultancy Services and AMD have expanded their collaboration to co-develop rack-scale AI infrastructure. The partnership will focus on an AI-ready data center blueprint supporting up to 200 MW of capacity to bolster India’s national AI initiatives.
- Manappuram Finance: The Reserve Bank of India has granted final approval for Bain Capital to acquire up to a 41.66% stake in the company. This move will eventually see Bain Capital becoming a promoter entity.
- Coal India: The PSU has accelerated its renewable energy pivot, doubling its solar capex to ₹961 crore in the current fiscal year and setting an ambitious target of 3,000 MW solar capacity by FY28.
- Precision Wires India: The stock reached record highs after reporting a 99% YoY jump in Q3 net profit to ₹37.69 crore, supported by a 36.5% rise in operational revenue.
Neutral Developments
- JSW Infrastructure: The Board of Directors is scheduled to meet on February 20, 2026, to consider a proposal for raising funds through a Qualified Institutional Placement (QIP) or rights issue.
- IIFL Finance: The management has announced plans to increase the share of External Commercial Borrowings (ECBs) from the current 12-13% to 20% by next year to diversify funding sources.
- Dividend Record Dates: Several companies including Hikal Ltd, IOL Chemicals, and Shipping Corporation of India (SCI) have set February 17 as the record date for their respective interim dividends.
- Titan Company: Reported a steady quarter with 32% growth in its domestic jewelry segment (Tanishq), though margins saw a slight contraction due to a higher mix of gold coins.
Negative News
- Kwality Walls: Following its demerger from Hindustan Unilever and standalone listing, the stock debuted at a 27% discount to its initial issue price, reflecting investor caution regarding the capital-intensive nature of the cold-chain business.
- NBCC India: While the order book remains robust at ₹1.27 lakh crore, the company reported a significant drop in Q3 margins, primarily attributed to project execution delays caused by pollution-related construction bans in the Delhi-NCR region.
- Brainbees Solutions (FirstCry): The stock remains under pressure after slumping to record lows yesterday following a widening of net losses in its Q3 FY26 financial results.
TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex
Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex