Equity Alert
Cohance Life tanks to over-5-year low after Q3 PAT falls 76%
This story was originally published at 13:47 IST on 13 February 2026
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Equity Alert: Cohance Life tanks to over-5-year low after Q3 PAT falls 76%
MUMBAI--1315 IST--Shares of Cohance Lifesciences fell 9% to an over-five-year low of INR 319.20 on Friday. The stock fell after the company's net profit for the December quarter declined for the third consecutive quarter, plummeting 76% on year. At 1313 IST, the stock was down 7.5% at INR 324.45 and was among the worst hit in the Nifty 500 index.
The company's net profit for the reporting quarter fell 76% on year to INR 367.20 million as its revenue declined 19.5% on year to INR 5.45 billion. Adding to the pessimism, its total expenses rose 2.4% on year to INR 5.05 billion, which ate up most of the company's revenue.
ICICI Securities has a 'reduce' reccomendation on the stock with a target price of INR 640. This implies a nearly 33% upside potential from the stock's previous close. So far Friday, almost 2.58 million shares of the company changed hands on the NSE, higher than 564,712 shares traded during the same period Thursday. (Simran Rede)
Equity Alert: Indices remain down as heavyweights weigh; IT stocks off lows
MUMBAI--1311 IST--The Indian benchmark indices remained lower while information technology stocks erased some earlier losses. The Nifty 50 was weighed down by fall in the shares of index heavyweights Reliance Industries, HDFC Bank, and ICICI Bank. Reliance Industries was down nearly 2% and HDFC Bank and ICICI Bank fell around 1?ch. At 1310 IST, the Nifty 50 was at 25549.90 points, down 257.30 or 1%. The BSE Sensex was at 82858.80, down 816.12 or 1%.
Eicher Motors was the top gainer in the 50-stock index. It was up nearly 2%. Bajaj Finance, which was up over 1%, was the next big gainer. Tech Mahindra completely erased earlier losses to rise 0.4%. Tata Motors Passenger Vehicles rose 0.3% while State Bank of India, Larsen & Toubro, and Maruti Suzuki India were largely flat.
Hindalco Industries was the worst-hit among the Nifty 50 constituents. The stock was down over 5%. Hindustan Unilever, Eternal, Adani Enterprises, and ONGC were the other big losers. They were down 3–4%. Coal India fell 3?ter the company reported a nearly 16?ll in its consolidated net profit for the December quarter to INR 71.57 billion. IT companies recovered some of their earlier losses. Infosys, Wipro, and Tata Consultancy Services were down around 2?ch against 5.0–7.5?rlier.
Among the sectoral indices, barring Nifty Media, which rose nearly 0.2%, all others were in the red. Nifty Metal index was down the most among the sectoral indices, falling nearly 3?cause of the fall in Hindalco Industries.
Hindustan Aeronautics was the top gainer among the Nifty 200 constituents. The stock was up 2%. The defence major reported a 29% on-year rise in December quarter net profit to INR 18.52 billion. The top line of the company grew nearly 11% to INR 76.99 billion. Engineers India continued its gaining momentum in the Nifty 500. The stock rose nearly 15% to be the top gainer in the index. On the other hand, Muthoot Finance was the worst hit in both the Nifty 200 and Nifty 500 indices. It was down over 11%. (Adhithya Aji)
Equity Alert: Engineers India hits over-1-mo high as Q3 PAT jumps 3-fold YoY
MUMBAI--1302 IST--Shares of Engineers India rose 16% to an over-one-month high of INR 209.71 on Friday. The stock gained after the company's net profit for the December quarter jumped over threefold on year. At 1300 IST, the stock was up 14.2% at INR 206.60 and was the top gainer in the Nifty 500 index.
The company's bottom line surged over 242% on year in the reporting quarter to INR 3.02 billion. Growth in the company's revenue from operations was almost double that in total expenses. While its revenue rose over 59% on year to INR 11.94 billion in Oct-Dec, its total expenses grew just 28% on year to INR 8.56 billion.
All the three brokerage reports on the stock available with Informist have a 'buy' recommendation on the stock with an average target price of INR 240. This implies a nearly 33% upside potential from the stock's previous close. So far Friday, almost 82 million shares of the company changed hands on the NSE, higher than 1.12 million shares traded during the same period Thursday. (Simran Rede)
Equity Alert: Coal India falls to over-one-month low post Oct-Dec earnings
MUMBAI--1218 IST--Shares of Coal India fell nearly 3% to an over-one-month low of INR 408.10 after the company's consolidated net profit for the December quarter fell 16% on year. The stock was down for the fifth straight session and shed nearly 6% during this period. Most brokerages maintained their recommendations on the stock after it announced the December quarter earnings.
Coal India reported a consolidated net profit of INR 71.57 billion for Oct-Dec. Its revenue from operations for the quarter fell over 5% to INR 349.24 billion. The company reported an on-year fall in both metrics because of subdued demand for coal following the extended monsoon across the country last year. Its bottom line was also affected by higher employee benefit expenses on account of wage hikes.
Motilal Oswal increased its net profit estimates for 2025–26 (Apr-Mar) by 14% to incorporate the performance beat, while maintaining FY27 and FY28 estimates. It expects the company to clock a 2% compound annual volume growth rate over FY25 to FY28.
At 1217 IST, shares of Coal India were trading over 2% lower at INR 409. Over 4 million shares of the company changed hands on NSE, which is higher than nearly 3 million shares traded till the same time Thursday. (Arundathi A R)
Equity Alert: Bharat Forge up 3% post Q3 results; Emkay ups stock to 'buy'
MUMBAI--1213 IST--Shares of Bharat Forge rose over 3% to an over one-year high of INR 1,784.20 Thursday. Emkay Global has upgraded its recommendation on the stock to 'buy' from 'add' and raised the target price by 38% to INR 2,000. The brokerage upgraded the stock post the management's comments that the worst phase for the company was behind and gave a positive outlook with double-digit revenue growth and an uplift in margin.
For the December quarter, Bharat Forge reported a consolidated net profit of INR 2.64 billion, up 24% on year, on revenue of INR 43.43 billion. The top line of the company grew 25% on year for the reporting quarter. The outlook for the company turned positive on account of a strong growth view for commercial vehicles in India follwing the recent goods and services tax cuts, Emkay said. Along with healthy momentum in the domestic passenger vehicles business and a strong ramp-up in the defence business, it is expected to aid the growth. The revenue for 2026-27 (Apr-Mar) is expected to grow 30–40% on year, led by execution of existing defence orders, the brokerage said.
For the nine months ended December, the defence order book of the company stood at INR 111.3 billion. Defence execution is now kicking in with advanced towed artillery gun system order execution starting from the second half of FY27 and an INR 16.6-billion close quarters battle carbines order, the management highlighted in the post-earnings conference call.
At 1207 IST, shares of Bharat Forge were over 2% higher at INR 1,763.10. Over 3 million shares of the company changed hands, higher than nearly 466,000 shares traded till the same time Thursday. The stock was rising for five consecutive sessions and gained nearly 15% during this period. (Adhithya Aji)
Equity Alert: IEX down 5%; tribunal dismisses co's plea in mkt coupling case
MUMBAI--1200 IST--Shares of Indian Energy Exchange fell over 5% to a one-year low of INR 119.38 after the Appellate Tribunal for Electricity dismissed the company's plea against a market coupling order issued by the Central Electricity Regulatory Commission, according to various media reports. Additionally, the tribunal has allowed CERC to go ahead with the framing coupling regulations.
IEX has a near-total presence in key segments such as the day-ahead market and real-time market of energy exchange. Bids are placed independently on separate energy exchanges, and therefore, price discovery across the platforms is different. With market coupling, a single market-clearing price will be used on all exchanges, erasing benefits for traders on IEX.
According to CERC's July 2025 order, from January, Grid-India will aggregate energy prices across all power trading platforms and publish a single price. This process was called day-ahead market coupling. CERC had described IEX as "monopolistic" in an affidavit filed with the regulator, Zee Business reported. The IEX in its petition had said that the CERC's July 2025 order was arbitrary and violated the principles of natural justice. The exchange claimed that the coupling order will only lead to the loss of market share without any conceivable benefits.
The Appellate Tribunal for Electricity has said that if IEX has any fresh grievances in regard to the regulations, it can move a fresh plea to challenge them. At 1152 IST, shares of the company were off lows, but still traded 2.5% lower at INR 122.76 on the NSE. Around 14 million shares of the company have changed hands so far on the exchange. IEX shares have been under pressure as investors were worried about this regulation coming into effect. In the last 52 weeks, the stock has plummeted 27.5%. (Eshitva Prakash)
Equity Alert: Shares of ONGC down after co's Q3 revenue falls 6% YoY
MUMBAI--1155 IST--Shares of Oil and Natural Gas Corp. fell nearly 4% to the day's low of INR 266 after the company reported an over 6% on-year fall in its revenue for the December quarter. The stock was down after closing higher for the previous three sessions. It gained nearly 4% during this period.
The state-run enterprise posted a net profit of INR 83.72 billion for Oct-Dec, up nearly 2% on year. Its revenue for the quarter was reported at INR 315.47 billion. Both the earnings metrics of the company surpassed analysts' views for the December quarter. Brokerage JM Financial Institutions raised its estimates for the company's 2027-28 (Apr-Mar) net profit by 5%. It has raised the target price to INR 320, up over 10%, aided by a rise in the value of the company's listed investments. The brokerage, however, maintained its 'buy' recommendation on the stock.
At 1136 IST, shares of the company were over 3% lower at INR 267.60 on NSE. So far, over 9 million shares of the company have changed hands on the exchange, lower than nearly 13 million shares traded till the same time Thursday.
Of the 10 brokerage reports available with Informist on the company, six have a 'buy' recommendation with an average target price of INR 295. Of the remaining four, two have a 'hold' recommendation and two have a 'sell' recommendation on the stock. (Arundathi A R)
Equity Alert: IT cos down after tech sell-off in US; Nifty IT hits 10-mo low
MUMBAI--1030 IST--Shares of information technology companies fell after a sell-off in the US due to the susceptibility of US companies to disruption by artificial intelligence. Major IT players such as Infosys, Tata Consultancy Services, and Wipro were the worst-hit stocks in the Nifty 50 index. The Nifty IT index fell over 5% to an over 10-month low of 31422.60 points.
At a time when investors have been stressed about the impact AI would have on competition, a less-than-impressive quarterly update from Cisco Systems helped to sour the market on technology stocks broadly, Reuters reported.
Shares of Infosys fell 7.5% to an over two-year low of INR 1,281.50. The stock was down for the third straight session and shed over 14% during this period. At 1042 IST, shares of Infosys were 4.5% lower at INR 1,323.50 on the NSE. So far, nearly 18 million shares of the company have changed hands on the exchange, higher than nearly 10 million shares traded till the same time Thursday.
Tata Consultancy Services declined 6% to hit an over five-year low of INR 2,585. The stock was down for the third straight session, shedding over 13% during this period. At 1042 IST, shares of TCS were over 3% lower at INR 2,657.50 on NSE. So far, over 6 million shares of the company have changed hands on the exchange, higher than over 4 million shares traded till the same time Thursday.
Wipro fell nearly 5% to an over one-year low of INR 209.01. The stock extended its losses for the third straight session and shed nearly 10% during this period. At 1042 IST, shares of Wipro were nearly 3% lower at INR 212.82 on the NSE. So far, over 11 million shares of the company have changed hands on the exchange, lower than nearly 21 million shares traded till the same time Thursday.
Tech Mahindra fell nearly 5% to an over two-month low of INR 1,464.40 and the stock was in the red for the third straight session. The stock lost almost 11% during this period. At 1042 IST, shares of Tech Mahindra were nearly 2% lower at INR 1,510.70 on NSE. So far, nearly 3 million shares of the company have changed hands on the exchange, higher than nearly 2 million shares traded till the same time Thursday. (Arundathi A R)
Equity Alert: Indices remain down as IT cos continue to weigh; Infosys dn 5%
MUMBAI--1025 IST--Benchmark indices remained lower with information technology companies as the major laggards. The Nifty 50 index was dragged down by IT majors Infosys and Tata Consultancy Services. The heavyweight stock Reliance Industries, which fell over 1%, and shares of Hindalco Industries, which fell nearly 5%, also weighed down on the index.
At 1023 IST, the Nifty 50 index was at 25537.65 points, down 269.55 points, or 1% and the BSE Sensex was at 82831.99 points, down 842.93 points, or 1%. Only five constituents in the Nifty 50 index were trading in the green.
Bajaj Finance was the top gainers, up nearly 1%. SBI Life Insurance Co. and Eicher Motors rose 0.4% and 0.3%, respectively. Shares of Apollo Hospitals rose 0.2% and the heavyweight banking stock HDFC Bank rose 0.3%. Shares of State Bank of India were flat.
Infosys was the worst-hit stock in the Nifty 50 index, down nearly 5%. Other IT shares of Tata Consultancy Services, HCL Technologies, and Tech Mahindra fell 2–4%. American depository receipts of Infosys fell nearly 10% and Wipro fell nearly 5%. The global selling in technology shares amid fears on emerging AI tools led the negative sentiment in Indian IT companies.
Among individual stocks, Eternal, Adani Enterprises, Hindustan Unilever, Adani Ports and Special Economic Zone, and Tata Motors Passenger Vehicles fell around 2?ch. Shares of Oil and Natural Gas Corp. fell over 3?ter the oil upstream company released its Oct-Dec results later in the night Thursday. The state-owned company reported a net profit of INR 83.72 billion for the December quarter, up just 2% on year. Meanwhile, the revenue of the company fell over 6% to INR 315.47 billion for the reporting quarter.
All the broader market indices were in negative territory, down over 1?ch. All the sectoral indices were lower. Nifty IT fell over 3% to be the worst among the sectoral indices. A decline in the shares of Infosys weighed on Nifty IT.
Bharat Forge was the top gainer among the Nifty 200 constituents, up nearly 3%. The stock rose after the company reported a 24% on-year surge in its consolidated net profit to INR 2.93 billion for the December quarter. Hindustan Aeronautics rose nearly 2% to be among the top gainers in the index.
Engineers India was the top gainer in the Nifty 500 index, up nearly 14%. In contrast, Muthoot Finance was the worst hit in both the Nifty 200 and Nifty 500 indices, down nearly 11%. (Adhithya Aji)
Equity Alert: Benchmark indices open lower as IT shrs fall on global AI fears
MUMBAI--0948 IST--Domestic benchmark indices opened lower Friday, taking cues from global markets. Indices in the US closed lower and those in Asia opened in the red due to a decline in technology stocks on fears that artificial intelligence tools may hurt the operations of software companies. The Nifty 50 was weighed down by shares of Infosys, which fell over 6%.
At 0936 IST, the Nifty 50 was at 25546.10 points, down 262.20 points or 1% and the BSE Sensex was at 82843.99 points, down 830.93 points or 1%. Only six constituents of the Nifty 50 index were up.
SBI Life Insurance Co. and Bajaj Finance were the top gainers among the Nifty 50 constituents, up nearly 1?ch, followed by shares of Bharti Airtel, which rose 0.1%. Apollo Hospitals Enterprise, HDFC Life Insurance Co., and HDFC Bank, were flat.
Information technology stocks Infosys and Tata Consultancy Services were the worst hit in index, down nearly 6% and nearly 5%, respectively. Shares of HCL Technologies, Wipro, and Tech Mahindra fell 2-4%. Adani Enterprises, Hindustan Unilever, Trent, JSW Steel, and Eternal fell around 2?ch.
Shares of Hindalco Industries fell nearly 6?ter the metal major detailed its December quarter results Thursday post market hours. The company reported a 45% on-year fall in its net profit at INR 20.49 billion. This was sharply below the Street's view of INR 42.45 billion.
Shares of Muthoot Finance were the worst hit in both the Nifty 200 and Nifty 500 indices, down nearly 12%. In contrast, Max Financial Services was the top gainer in the Nifty 200 index, up over 1%. Engineers India was the top gainer on the Nifty 500 index after the company's net profit for the December quarter rose over threefold on year to INR 3.02 billion from INR 881.04 million reported in the year-ago quarter. The stock rose over 12%. (Adhithya Aji)
Equity Alert: Mkts set to extend losses; IT cos seen dn after sell-off in US
MUMBAI--0835 IST-- Benchmark equity indices are expected to extend losses Friday, tracking an overnight fall on Wall Street. Shares of information technology companies are likely to fall again after several US companies whose business models are susceptible to disruption by artificial intelligence declined sharply Wednesday. Analysts have flagged concerns that the recent launches of AI tools may hit profit margins of companies across sectors.
Overnight, the American depository receipts of domestic IT majors Infosys and Wipro declined nearly 10% and 5%, respectively. Investors in the US sold stocks across sectors such as financial services, real estate, and software providers. Shares of Morgan Stanley were under selling pressure amid fears that AI would disrupt the company's wealth management businesses and shares of real estate company CBRE fell on worries about higher unemployment hitting demand for office space, according to a CNBC report. The AI shockwave also reached Asian equity indices, most of which were down in early trading Friday, barring South Korea's KOSPI, which held on to thin gains. Japan's Nikkei 225 and the broader Topix index were down 1?ch. Hong Kong's Hang Seng index also fell 1% and in China, the blue-chip CSI 300 shed 0.4%.
However, analysts have suggested that some investors may buy on dips in software stocks as the valuations of these companies get more comfortable. "I would suggest investors purchase equities in domestic IT companies because, overall, domestic information technology companies stand to gain from participating in the AI-trade," Rishubh Vasa, a research analyst from Indsec Securities and Finance, said. The analyst expects that Indian IT services are likely to benefit in the long term from AI tools, as they enhance their own service offerings tailored to the needs of companies using these tools.
The GIFT Nifty 50 indicates a negative start for the Nifty 50, with the February contract of the GIFT Nifty being nearly 100 points lower that the Nifty 50's previous close. On Thursday, the Nifty 50 index closed 0.6% lower at 25807.20 points. The BSE Sensex closed at 83674.92 points, down 0.7%.
Shares of Bharat Forge will be in focus after Emkay Global Financial Services upgraded its recommendation on the stock to 'buy' from 'add' and raised its target price on the stock by 38% to INR 2,000. Shares of Whirlpool of India will also be watched after Nuvama Institutional Equities upgraded the stock to 'buy', but cut its target price on the stock over 12%. (Eshitva Prakash)
Equity Alert: Most Asian indices down tracking losses on Wall Street
MUMBAI--0816 IST--Barring South Korea's Kospi, all Asian equity indices fell, tracking losses on Wall Street due to a decline in technology stocks. This vould be attributed to continued worries that artificial intelligence tools will pose a threat to the operations of software companies and may lead to unemployment.
Investors in Asia were looking out for any spillover effects, even as Taiwan, the most prominent market in the AI space, was closed for the Lunar New Year holiday. Japan's Nikkei 225 index fell 0.8% and Topix First Section declined nearly 1%. FTSE Singapore Strait Times fell over 1%. Meanwhile, South Korea's Kospi hit a new historical high of 5558.82 points Friday.
The Kospi index was supported by buying interest from foreigners and the National Pension Fund early in the session, Chosun Biz reported. Shares of Samsung Electronics rose nearly 1% and shares of SK Hynix rose 0.3%. Investors in Asia are now shifting their focus to US inflation data, due Friday. Economists forecast a 0.3% increase in core inflation in January, which is enough to see the annual rate slow to 2.5% from 2.7%, Reuters reported.
Following are the levels of key Asian indices at 0816 IST:
|
INDEX |
LEVEL |
CHANGE IN % |
|
CSI 300 Index |
4699.13 |
(-)0.4 |
|
Hang Seng Index |
26635.14 |
(-)1.47 |
|
KOSPI |
5547.49 |
0.46 |
|
Nikkei 225 Day |
57183.37 |
(-)0.79 |
|
TOPIX FIRST SECTION |
3844.59 |
(-)0.97 |
|
FTSE Singapore Straits Times |
4960.21 |
(-)1.13 |
|
S&P/ASX 200 Index |
8915.7 |
(-)1.41 |
(Adhithya Aji)
Equity Alert: AI fears hit US indices again; tech-heavy Nasdaq ends 2% lower
MUMBAI--0740 IST--US equity indices ended lower on Thursday due to continued fears that artificial intelligence could disrupt the business models of whole industries and raise unemployment. The tech-heavy Nasdaq ended 2% lower due to a sell-off in technology and transport stocks. The S&P 500 ended nearly 1.6% lower and the Dow Jones Industrial Average ended over 1% lower.
AI fears were coupled with less than impressive quarterly results of technology company Cisco Systems. The stock fell over 12%. This added to the negative sentiment in the technology stocks broadly, Reuters reported. Transportation companies were also caught up in worries about AI disruption.
"The broader narrative within the market is what sectors and industries can increase productivity from AI investments, and on the flip side, what industries are going to be disrupted by AI," Reuters quoted Jack Herr, primary investment analyst at GuideStone Funds, as saying. Herr said that he sees this as a "prove it" year for AI, and it is time to start seeing some return on investments.
Financial stocks such as Morgan Stanley came under pressure due to worries that AI would disrupt wealth management businesses, CNBC reported. Shares of the company ended nearly 5% lower. Trucking and logistics company CH Robinson plummeted nearly 15% due to fears that AI would streamline freight operations, weighing on certain revenue lines, as per the CNBC report. Even real estate stocks were not spared from the AI worries. Shares of CBRE and SL Green Realty fell nearly 9% and nearly 5%, respectively, on the notion that unemployment would hit demand for office space, the CNBC report said. Technology stock Palantir Technolgies ended nearly 5% lower and shares of Autodesk ended nearly 4% lower.
Investors now await a key inflation report due Friday. Economists expect the January CPI print to show a 0.3% increase for both headline and core inflation, which excludes food and energy prices, CNBC reported, citing a poll by Dow Jones.
Following are the closing levels of US indices Thursday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6832.76 |
(-) 1.57 |
|
NASDAQ Composite |
22597.15 |
(-)2.03 |
|
Dow Jones Industrial Average |
49451.98 |
(-)1.34 |
(Adhithya Aji)
US$1 = INR 90.74
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Deepshikha Bhardwaj
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