Published on 20/02/2026 02:55 PM
ABB India said 1.7 percentage points of its Q4CY25 EBITDA margin expansion came from forex and commodity gains.
The company reported a forex gain of ₹62 crore in Q4, compared with a ₹40 crore loss a year ago. Adjusted for forex gains and the impact of new labour codes, the margin stands at 15.5%, not 17%.
Shares of ABB India were trading nearly 7% higher at 2:53 PM on the NSE.
Citi Research has initiated coverage on Aadhar Housing Finance with a Buy rating, implying an upside potential of 41%.
The brokerage prefers the stock within the housing finance space, citing strong medium-term growth visibility with AUM targeted to grow 20–22%, crossing the ₹500 billion mark over the next three years.
Citi estimates FY26 disbursement growth of 17–18%, with Q4 momentum seen exceeding 20%. It also highlighted a resilient spread profile, with a medium-term spread floor of 5.6%+, supported by a disciplined LAP mix and a largely floating-rate funding structure.
Market Watch: Jay Thakkar, ICICI Securities
Ashish Kyal, CMT, Author at Waves Strategy Advisors
On Pfizer
Based in Bengaluru, Biocon Biologics anticipates that the next 12 months will be much more interesting than the previous one, driven by the introduction of several new biosimilars, such as Aspart, Aflibercept, and Denosumab.
According to Biocon Biologics’ Managing Director and Chief Executive Officer Shreehas Tambe, the company’s fiscal year 2027 full-year financial results will start to show the full financial effect of these freshly introduced medicines.
Nikunj Doshi, Managing Partner & CIO-PMS, Bay Capital Investments Advisors
Sector preference
The shares of Siemens surged by over 3% this week and have added 6% gains in this session alone.
At the India AI Impact Summit 2026, CEO Hemant Taneja revealed that General Catalyst would make one of the biggest venture capital commitments to India, investing $5 billion over five years.
In an effort to capitalise on the growing data center market in India, Gulf Oil Lubricants India is creating specific liquid cooling fluids for server thermal control.
According to Manish Gangwal, CFO and full-time director, the company has created two liquid cooling products and is now negotiating with data center operators and service providers to start proof of concept (POC) trials in the local market.
The shares of DEE Development surged by over 7% after bagging a new order.
In order to enable restricted, shared access to bank accounts, NPCI developed UPI Circle, which allows users to assign payment rights to trusted individuals on the BHIM Payments App, PhonePe, and Google Pay.
The shares of Newgen Software are trading under pressure, falling over 8%.
The shares of Novartis India have extended its gains to 19% after the parent company stake sale news.
According to persons familiar with the situation, Temasek Holdings Pte and the Abu Dhabi Investment Authority intend to invest in Clean Max Enviro Energy Solutions Ltd.’s IPO, supporting a listing that will gauge Indian market sentiment.
DEE Development | Bags Order Worth $40 m For The Supply Of HRSG Piping For 16 Units
Piyush Goyal speaks about the India-US trade.
India’s negotiators to go to the US on February 23
As the Nifty index trades higher, these are the biggest volume buzzers among Nifty 500 stocks.
TCS | Partners With Cisco To Launch A Centre Of Excellence In Hyderabad For Autonomous Enterprise Operations
Nikunj Doshi, Managing Partner & CIO-PMS, Bay Capital Investments Advisors
Earnings and markets
Even as the Nifty and Sensex indices are surging, the Nifty Smallcap index is underperforming its peers.
In addition to the Nifty 50 and the banking index, the Nifty Midcap 100 index
The Nifty Bank index has surged by over 500 points or nearly 1% today.
The Nifty index has surged over 200 points, rising above the 25,650 mark.
Ajit Mishra, SVP-Research, Religare Broking
On GMDC
On IT
Even before the Reserve Bank of India (RBI) suggested stricter broker funding guidelines and higher Securities Transaction Tax (STT) rates were put into effect, trading volumes for Indian stock futures fell precipitously in February 2026.
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