Equity Alert
Eternal recovers after falling on block deals in early trade
This story was originally published at 11:15 IST on 26 February 2026
Register to read our real-time news.Informist, Thursday, Feb. 26, 2026 Tel +91 (22) 6985-4000
Equity Alert: Eternal recovers after falling on block deals in early trade
MUMBAI--1107 IST--Shares of quick-commerce company Eternal opened flat Thursday but fell as much as 2% on the BSE in early trade after over 97 million shares were sold through a block deal at a 1.3% discount to the stock's previous close. This deal accounts for over 1% equity stake of the company.
On the NSE, the stock fell over 1%. Around 1.55 million shares were bought at a discount to the stock's previous close on the bourse. The shares were traded at a discount of nearly 1% to the stock's closing price Wednesday. This deal accounts for just 0.02% equity stake of the company.
The stock later recovered and at 1105 IST, it was up over 1% on both the exchanges. On NSE, it was INR 252.95 and at INR 253.05 on the BSE. So far Thursday, over 39 million shares changed hands on the NSE, almost same as Wednesday. (Simran Rede)
Equity Alert: Tejas Networks up 9% as co announces deal to supply 5G radio
MUMBAI--1030 IST--Shares of Tejas Networks rose almost 9% to an intraday high of INR 348.95 on the NSE Thursday, recording the sharpest single-day jump in almost one month. Shares of the company rose after it announced an agreement with NEC Corp. to manufacture and supply fifth generation massive multiple-input multiple-output radios.
This partnership will accelerate wireless innovation by using Tejas Networks' expertise in carrier-class product development for global telecommunication companies, an exchange filing by the company read.
At 1028 IST, shares of the company were a tad off their intraday highs, but still traded over 8% higher. Taking the current market price into account, shares of the company have risen just 1% in February. They shed almost 43% in the last six months.
Around 12 million shares of the company have changed hands so far on the NSE, way higher than the near 217,000 shares traded till the same time in the previous session. (Eshitva Prakash)
Equity Alert: BofA downgrades IDFC FIRST Bk to 'neutral', cuts target by 21%
MUMBAI--1009 IST--BofA Securities downgraded its recommendation for IDFC FIRST Bank to 'neutral' from 'buy' and cut its target price by 21% to INR 75. The brokerage cited near-term challenges for the company after it was de-empanelled by the Haryana government. The bank said it had detected a fraud of around INR 5.9 billion in accounts linked to the government of Haryana. The bank said it had suspended four officials suspected of involvement in the fraud and has appointed KPMG to conduct an independent external forensic audit of the fraud. However, shares of the bank were trading higher and rose 1.5% to an intraday high of INR 71.30.
Deposits from central government, state government and other public sector banks account for 8-10% of IDFC FIRST Bank's total deposits, according to a report from Emkay Global Financial Services. The bank had not seen any deposit outflow or requests for the same from other government banks, according to a report from NDTV Profit.
Analysts at BofA Securities said the incident puts the company's current account and savings account growth at risk in the near-term due to a threat of deposit outflow based on the news and the possibility of being de-empanelled by other government accounts, along with a one-time impact of INR 5.90 billion on its profit and loss sheet, NDTV Profit reported. The pressure on the current account and savings account is likely to lead to an elevated cost of funds and have a slight impact on the bank's loan growth. The brokerage also expects higher risk management and compliance-related costs to increase IDFC First Bank's operating expenditure.
BofA Securities has reduced their estimates for the bank's loan growth by 1–2% for 2026–27 (Apr-Mar) and FY28. The brokerage reduced their estimates for the bank's deposit growth by up to 3% for the period as well, according to the report. BofA Securities cut its earnings per share estimates by 13% and 14% for FY26 and FY27, respectively. The brokerage believes that higher funding costs due to disruption in the bank's current account and savings account and rising domestic competition are likely to pressure its net interest margins, according to NDTV Profit.
Despite the near-term challenges, the brokerage is constructive on IDFC First Bank over the medium term considering its healthy growth and the expansion trajectory of its return on assets, the report said. The lack of clarity on the full impact of the incident is likely to defer re-rating.
At 1023 IST, shares of IDFC First Bank were nearly 1% higher at INR 70.88. Nearly 25 million shares of the company were traded on the bourse so far, lower than over 38 million shares traded at the same time Wednesday. Out of nine brokerage reports on the company available with Informist, seven have a 'buy' recommendation with an average target price of INR 89 and two have a 'hold' recommendation. (Akshat Saksena)
Equity Alert: Indices open higher on global cues; IT cos gain, Infosys up 2%
MUMBAI--0951 IST--Benchmark indices opened higher Thursday mirroring the gains in the headline indices on the Wall Street, led by technology shares that rose after concerns over disruption from artificial intelligence eased. Information technology shares led the gains, with the Nifty 50 index moving higher boosted by Infosys, which rose nearly 2%.
At 0942 IST, the Nifty 50 was at 25544.25 points, up 61.75 points or 0.2% and the BSE Sensex was at 82461.38 points, up 185.31 points or 0.2%.
Tech Mahindra was the top gainer in the Nifty 50 index. The stock rose 2%. Its peers, Infosys, Tata Consultancy Services, and Wipro rose around 1–2%. Financial services companies Shriram Finance, SBI Life Insurance Co., HDFC Life Insurance Co., and Jio Financial Services rose 1?ch. Adani Enterprises was the worst-hit stock in the index, down 0.5%. Shares of Axis Bank, Power Grid Corp. of India, and InterGlobe Aviation, fell 0.4?ch.
In the Nifty 200 index, Vishal Mega Mart rose nearly 4% to be the top gainer. Aurobindo Pharma and Persistent Systems rose around 3?ch. In contrast, Siemens Energy India was the worst hit stock in the Nifty 200. It fell over 1%. Shares of Patanjali Foods and Hyundai Motor India fell around 1?ch in the index.
Tejas Networks rose nearly 8% to be the best performing stock among the Nifty 500 constituents. The stock rose after the company received a contract to supply 5G 'massive MIMO' Radios to NEC Corp. Meanwhile, Home First Finance Co. India was the worst hit in the index, down over 5%. The stock fell following a block deal of 5.4 million shares at a 5.5% discount to Wednesday's closing price.
Shares of Reliance Infrastructure were among the worst hit in the Nifty 500 index. Shares fell 5?ter the Bombay High Court upheld a petition filed by Mumbai Metropolitan Region Development Authority against the arbitral award in favour of Mumbai Metro One, which is a joint venture between the company and MMRDA. (Adhithya Aji)
Equity Alert: Ola Electric falls 1%; Goldman Sachs downgrades co to 'neutral'
MUMBAI--0930 IST--Shares of Ola Electric Mobility fell over 1% to an intraday low of INR 25.26, before recovering and trading over 1% higher, after global brokerage Goldman Sachs downgraded the company's stock to 'neutral' and cut its target price 50% to INR 26 from INR 52 earlier, CNBC-TV18 reported. The brokerage also lowered its 2025-26 (Apr-Mar) to FY28 revenue estimates for the company, factoring in a mid-single digit market share in FY30 and beyond, compared to expectations of a low-teens market share earlier. The INR 26 target price given by the brokerage was nearly 2% higher than the stock's closing price on Wednesday.
By 0945 IST, shares of the company had recovered and traded over 1% higher. Around 18 million shares of the company have changed hands on the bourse so far in the session.
The brokerage said that at the revised pace of the company's earnings before interest, tax, depreciation, and amortisation, losses and capital expenditure, Ola Electric's cash burn is likely to necessitate fundraising over the next 12–18 months. TVS Motor Co. remained the biggest player in the two-wheeler electric vehicle market in February, global brokerage Nomura said citing Vahan data. Bajaj Auto is in the second position in terms of market share, and Ather and Hero Motocorp. are in the third and fourth places, respectively. Ola Electric is at the fifth position, with the company's market share slipping to around 3.9% in February.
Goldman Sachs said key steps that are required to turn around Ola Electric's business trajectory include building a sustainable and stable servicing operation, establishing a stable senior leadership team across domains, and improving product reliability in the upcoming industry product launch cycle.
Among other brokerages, Emkay Global Financial Services has a 'sell' rating on the stock with a target price of INR 20. Last week, the brokerage had downgraded the stock to 'sell' from 'buy' earlier and cut its target price 60%. Ola Electric has seen a consistent market share loss and attempts at revitalising its presence in the electric two-wheeler segment will be a long process, Emkay Global said. (Eshitva Prakash)
Equity Alert: Indices expected to open higher; US-Iran talks in focus
MUMBAI--0825 IST--Benchmark equity indices are seen extending gains Thursday, tracking the overnight rise on the Wall Street. Analysts await the result of the negotiations between Iran and the US as their respective representatives resume talks in Geneva later in the day. A prolonged conflict between the two countries will likely be detrimental to investor sentiment globally and drive up prices of crude oil, analysts said.
Iran and the US will resume negotiations in Geneva, Switzerland. US Secretary of State Marco Rubio said the talks will largely focus on Iran's nuclear programme, according to media reports. The official also said Iran is trying to achieve intercontinental ballistic missiles, which will be a "big problem" if the country does not want to negotiate on missiles. Due to the disagreement between the two nations, the April futures contract of Brent crude has risen 3.5% in the last seven days. At 0744 IST, the contract traded at $71.10 per barrel.
Overnight, the US stock market rose for the second straight session, supported by gains in technology majors Nvidia and Oracle. Shares of Nvidia ended 1.4% higher before the company's financial results. After market hours, Nvidia reported better-than-expected results for the fourth quarter ended Jan. 25, driven by 75% revenue growth in its core data centre business, CNBC reported. Equity indices in Asia were mixed in early trade Thursday, with markets in China struggling while those in Japan reaching record highs. Japan's Nikkei 225 was up 1%.
Information technology stocks continue to be in focus amid worries over artificial intelligence-related disruptions. "Information technology sector valuations are too attractive to ignore as the market has over-reacted to the AI threat," Emkay Global Financial services said in a research report. The long-term growth of the sector is likely to remain below 5%, but the brokerage sees very little merit in the "alarmist projections" of revenue contraction.
At 0824 IST, the GIFT Nifty 50 indicated a positive start for the Nifty 50, with the March contract of the GIFT Nifty being nearly 200 points higher than the Nifty 50's previous close. On Wednesday, the Nifty 50 index closed 0.2% higher at 25482.50 points. The BSE Sensex closed at 82276.07 points, up marginally. (Eshitva Prakash)
Equity Alert: Asian indices mixed; Nikkei, TOPIX, KOSPI hit fresh highs
MUMBAI--0817 IST--Indices in Asia were mixed in the early trading session Thursday. Despite the mixed sentiment, several indices reached fresh highs during the session, including Japan's TOPIX and Nikkei 225, South Korea's KOSPI, and Australia's S&P/ASX 200 Index. Among the laggards, Hong Kong's Hang Seng led the losses and was followed by its Chinese counterpart, CSI 300.
The Japanese government Wednesday nominated Ayano Sato, a professor at Aoyama Gakuin University, and Toichiro Asada, professor emeritus at Chuo University, to join the country's central bank board, Reuters reported. The two are strong advocates for economic stimulus, reflecting the monetary policy of Japanese Prime Minister Sanae Takaichi's administration. Sato will replace Junko Nakagawa, whose term expires at the end of June, and Asada will replace economist Asahi Noguchi, whose term ends on Mar. 31. Japanese indices have recorded multiple fresh highs in the recent past, supported by PM Takaichi's growth-oriented policies, which are viewed as an extension of Abenomics, CNBC reported.
The South Korean KOSPI index rose during the session, led by gains in Samsung Electronics and SK HYnix, which were up over 5% and 2% respectively. The rise in stocks is attributed to the gains in technology stocks on Wall Street, The Chosun Daily reported. Individual investors have been net buyers during early trade, purchasing shares worth 498.20 billion Korean won (around INR 31.8 billion). Foreign investors and institutional investors were net sellers of shares worth 347.8 billion Korean won and 161.0 billion Korean won, respectively, the South Korean publication reported.
Following are the levels of key Asian indices at 0816 IST:
|
INDEX |
LEVEL |
CHANGE IN % |
|
KOSPI |
6205.97 |
2.01 |
|
FTSE Singapore Straits Times |
4997.74 |
(-)0.20 |
|
S&P/ASX 200 Index |
9182.90 |
0.60 |
| Hang Seng Index | 26597.57 | (-)0.63 |
| IDX Composite | 8296.00 | (-)0.32 |
| TAIEX | 35413.89 | 0.00 |
| CSI 300 | 4711.36 | (-)0.52 |
(Akshat Saksena)
Equity Alert: US indices end up Wed; concerns over disruption from AI ease
MUMBAI--0736 IST--US indices ended higher Wednesday as stocks of technology companies continued to rise amid waning concerns over artificial intelligence causing a disruption.
Shares of NVIDIA ended over 1% higher in anticipation of earnings, which came in better than expected. The AI bellwether, post trading hours, reported a revenue of $68.13 billion for the December quarter, beating estimates, Reuters reported. The company's total revenue for the quarter rose 73% on year, with its data centre unit contributing over 91% of the sales. The data centre unit houses the company's AI chips, CNBC reported.
"We're in the middle of a push-pull here between some negative sentiment and some extreme price action in parts of the market," Zach Hill, head of portfolio management at Horizon Investments was quoted as saying by Reuters. "I think the (AI) disruption concerns are more acute right now than worries over return on investment," he said. "Investors are trying to grapple with what could potentially be existential risk, and that's a bigger deal than not receiving as much payout as you would like," Hill added.
President and Chief Executive Officer of the Federal Reserve Bank of Richmond said it was not clear whether the AI rollout would indeed displace workers. He said the technology could be useful to enable workers and make the job market more efficient, Reuters reported.
The stocks in the tech sector of the S&P 500 led the gains while those in the index's industrial sector limited the gains. In other stocks, shares of Axon Enterprise jumped nearly 18?ter the company's revenue rose 38% on year to $454.20 million, indicating strong demand for its products. Its offerings include the TASER 10, Axon Body 4, counter-drone solutions, virtual reality training and fleet systems, Reuters reported.
Investors are likely to monitor US-Iran tensions along with tariff-related updates. The US implemented a 10% tariff on global imports Tuesday. This came as somewhat of a relief as US President Donald Trump had earlier threatened to hike global tariffs to 15% over the weekend. In his State of the Union speech, Trump announced a proposal to offer workers access to a government-backed retirement account and also called for a ban on large institutional investors from purchasing single-family homes again, CNBC reported.
Following are the closing levels of US indices Wednesday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6946.13 |
0.81 |
|
NASDAQ Composite |
23152.08 |
1.26 |
|
Dow Jones Industrial Average |
49482.15 |
0.63 |
(Akshat Saksena)
US$1 = INR 90.88
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Vandana Hingorani
All prices from National Stock Exchange, unless otherwise specified.
All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.
All times are Indian Standard Time.
NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India
Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2026. All rights reserved.
To read more please subscribe
Share this Story:
