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Trendlyne Marketwatch
11 Feb 2026
Market closes flat, dragged down by textile, software services & telecom equipment stocks
By Trendlyne Analysis

 

Nifty 50 closed at 25,953.85 (18.7, 0.1%), BSE Sensex closed at 84,233.64 (-40.3, -0.1%) while the broader Nifty 500 closed at 23,783.05 (29.3, 0.1%). Market breadth is in the red. Of the 2,607 stocks traded today, 1,099 were in the positive territory and 1,469 were negative.

Indian indices closed flat after erasing gains in the morning session. The Indian volatility index, Nifty VIX, declined 1% and closed at 11.6 points. Tata Motors rose to a 52-week high of Rs 497.8 as its subsidiary, PT Tata Motors Distribusi Indonesia, secured an order to supply 70,000 vehicles. The order covers trucks and pick-ups for agriculture and rural logistics in Indonesia.

Nifty Midcap 100 & Nifty Smallcap 100 closed flat, following the benchmark index. Nifty Healthcare Index and Nifty MidSmall Healthcare were among the top index gainers today. According to Trendlyne’s Sector dashboard, Healthcare emerged as the best-performing sector of the day, with a rise of 2.2%.

Asian indices closed mixed, while European indices are trading lower, except Russia’s MOEX & RTSI indices. US index futures traded mixed as investors await the release of the US jobs report later today. Crude oil prices edged higher after the US and Iran described recent Oman talks as constructive, with further negotiations planned, easing near-term supply concerns. Meanwhile, Saudi Arabia cut prices for its key crude grade to Asia to the lowest since late 2020, signalling ample supply, though the smaller-than-expected reduction suggests demand remains relatively steady.

  • Relative strength index (RSI) indicates that Syngene International is in the oversold zone.

  • Hind Rectifiers is rising as its Q3FY26 net profit jumps 30.1% YoY to Rs 13 crore. Revenue grows 63.8% to Rs 277.6 crore, helped by improvements in the engineering products and electronics manufacturing services segments. The company's board of directors approves a 1-for-1 bonus issue of equity shares.

  • Ashok Leyland is falling as its Q3FY26 net profit misses Forecaster estimates by 22.3% due to the impact of new labour codes, despite rising 4.5% YoY to Rs 796 crore. Revenue grows 21.7% to Rs 11,533.9 crore during the quarter. It appears in a screener of stocks underperforming their industry price change during the quarter.

  • Avantel is rising sharply as it wins a Rs 122.6 crore order from Bengaluru-based PSU NewSpace India. The contract covers supply, installation and commissioning of satellite communication equipment designed for multiple frequency bands.

  • TVS Supply Chain Solutions rises over 15% after reporting a net profit of Rs 10.7 crore in Q3FY26, compared with a net loss of Rs 24.7 crore in Q3FY25. The turnaround is supported by inventory destocking and lower finance costs. Revenue grows 11.1% to Rs 2,715.8 crore, driven by improved performance in the integrated supply chain solutions and global forwarding solutions segments. The company also features in a screener of stocks where mutual funds increase their shareholding in the last quarter.

  • IDBI Capital upgrades JK Paper to a 'Buy' call from 'Hold', with a higher target price of Rs 387 per share. This indicates a potential upside of 18.7%. The brokerage is confident in the company's long-term outlook, driven by a recovery in net sales realisation (NSR) amid demand recovery and reduced imports at low prices. It expects the firm to deliver a revenue CAGR of 5.7% over FY26-28.

  • GR Infraprojects is falling as its Q3FY26 net profit declines 1% YoY to Rs 259.2 crore due to higher raw materials, construction, employee, and finance costs. However, revenue jumps 30.4% YoY to Rs 2,343.1 crore, driven by strong execution. The company also emerges as the preferred bidder for a Rs 1,897.5 crore project to construct a railway line from Bahari to Gondawali stations in Madhya Pradesh.

  • Pankaj Mital, Whole-Time Director and President of Samvardhana Motherson, says the company is targeting $108 billion in revenue over the next five years, driven by growth in non-automotive businesses and stronger integrated manufacturing capabilities. He notes that segments such as consumer electronics and aerospace are gaining traction alongside the core auto business. The non-auto segment now accounts for around 5% of revenue and is expanding from a low base.

  • Tata Motors rises to a 52-week high of Rs 497.8 as its subsidiary, PT Tata Motors Distribusi Indonesia, secures an order to supply 70,000 vehicles. The order covers trucks and pick-ups for agriculture and rural logistics, including farm-to-market transport and regional goods movement in Indonesia.

  • Ashiana Housing surges over 16% as its Q3FY26 net profit grows 5.2X YoY to Rs 56.7 crore, while revenue rises 2.7X to Rs 361.9 crore. Growth is driven by higher project execution and an increase in project handovers. The company appears in a screener of stocks with zero promoter pledges.

  • Mahindra & Mahindra is rising sharply as its Q3FY26 net profit jumps 47% YoY to Rs 4,674.64, owing to a deferred tax credit. Revenue grows 26.4% to Rs 52,958.3 crore, supported by improvements across its business segments. It features in a screener of stocks with increasing revenue over the past eight quarters.

  • Bharat Madan, CFO of Escorts Kubota, highlights strong tractor demand following the October 2025 GST cut to 5%, which saved buyers up to Rs 40,000 per unit. He notes that exports currently account for 5–6% of total volumes, with a target to double this to 10% over the next two years, aided by recent traction in European markets amid a global recovery in agri-machinery demand. The Q4FY26 outlook remains positive, with momentum expected to continue through July and August.

  • Afcons Infrastructure is falling as its Q3FY26 net profit declines 34.8% YoY to Rs 97.1 crore due to the impact of new labour codes. Revenue decreases 9.2% to Rs 3,025.5 crore amid slower conversion of L1 orders and delays in client-related execution and payment. It shows up in a screener of stocks with high promoter pledges.

  • Ion Exchange rises sharply as its Oman-based subsidiary wins a Rs 1,730 crore contract from Petroleum Development Oman. The 20-year deal covers design, construction, ownership, operation and maintenance of potable water and sewage treatment facilities in southern Oman.

  • Reports suggest the National Investment and Infrastructure Fund (NIIF) may sell up to a 1.9% stake in Ather Energy via a block deal. The offer size is estimated at Rs 533.5 crore, with the deal expected at an average price of Rs 716.6 per share.

  • Suneeta Reddy, Executive Vice Chairperson of Apollo Hospitals, says existing hospitals are growing 13–14%, with new bed additions expected to add 3–4% more. While new facilities may take up to 24 months to stabilize margins, they are set to drive revenue and volumes over time. She also targets building a Rs 2,000 crore preventive healthcare business, driven by rising demand from the elderly, millennials with lifestyle diseases and stressed Gen Z consumers.

  • Britannia Industries is rising sharply as its Q3FY26 net profit jumps 16.9% YoY to Rs 680 crore, helped by stable input costs. Revenue grows 8% to Rs 5,029.3 crore, driven by healthy sales in the biscuits and adjacent categories segment. It appears in a screener of stocks with increasing net profit and profit margin.

  • Apollo Hospitals Enterprise is rising sharply as its Q3FY26 net profit jumps 34.9% YoY to Rs 502.3 crore, led by improved payer mix, and stronger profitability across HealthCo & healthcare services. Revenue increases 16.8% to Rs 6,530.2 crore, fueled by growth across its business segments. It features in a screener of stocks with decreasing promoter pledge.

  • HBL Engineering is rising as it receives an order worth Rs 800.4 crore from Banaras Locomotive Works, Varanasi, to supply, test and commission onboard KAVACH equipment.

  • MSCI announces its latest index rebalancing, effective February 27, 2026. As per the official statement, Aditya Birla Capital and L&T Finance will be included in the MSCI Standard Index, while IRCTC will be excluded. Nuvama said that despite these changes, India’s overall weight in the MSCI Standard Index will remain unchanged at 14.1%, although the number of Indian constituents will increase to 165 from 164.

  • Eicher Motors surges to its all-time high of Rs 7,794 crore as its Q3FY26 net profit grows 21.4% YoY to Rs 1,420.6 crore, owing to inventory destocking. Revenue jumps 22.6% to Rs 6,451.4 crore, driven by healthy domestic demand, new launches and festive sales. The company's board of directors approves expanding Royal Enfield production capacity in Tamil Nadu to 20 lakh units from 14.6 lakh units with a capex of Rs 958 crore.

  • Reliance Industries' subsidiary, Reliance Consumer Products (RCPL), acquires Tamil Nadu-based Southern Health Foods (SHFPL) for Rs 156.4 crore to strengthen its foods and staples portfolio.

  • Titan Company rises to its all-time high of Rs 4378.4 as its Q3FY26 net profit surges 60.8% YoY to Rs 1,684 crore, beating Forecaster estimates by 13.2%. Revenue increases 43.3% to Rs 25,416 crore, driven by strong festive and wedding season demand during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Bharat Heavy Electricals is falling sharply as its promoter, Government of India, plans to sell 10.4 crore shares (or 3% stake) worth Rs 2,653.3 crore at a floor price of Rs 254 per share through an offer for sale (OFS). The promoter also plans to sell an additional 2% stake in the case of oversubscription. The company also secures an order worth Rs 2,800 crore from its joint venture (JV), Bharat Coal Gasification and Chemicals, to set up a gas purification plant.

  • Nifty 50 was trading at 25,994.60 (59.5, 0.2%), BSE Sensex was trading at 84,339.15 (65.2, 0.1%), while the broader Nifty 500 was trading at 23,792.75 (39, 0.2%).

  • Market breadth is holding steady. Of the 2,095 stocks traded today, 1,049 were gainers and 977 were losers.

Riding High:

Largecap and midcap gainers today include Eicher Motors Ltd. (7,771, 6.5%), Supreme Industries Ltd. (3,838.30, 4%) and Apollo Hospitals Enterprise Ltd. (7,507, 4.0%).

Downers:

Largecap and midcap losers today include Bharat Heavy Electricals Ltd. (260.65, -5.6%), Swiggy Ltd. (342.30, -3.8%) and Schaeffler India Ltd. (3,814.40, -3.7%).

Crowd Puller Stocks

29 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included PCBL Chemical Ltd. (319.05, 8.6%), Eicher Motors Ltd. (7,771, 6.5%) and SJVN Ltd. (77.38, 6.3%).

Top high volume losers on BSE were HEG Ltd. (529.05, -5.6%), Bharat Heavy Electricals Ltd. (260.65, -5.6%) and Torrent Power Ltd. (1,428.60, -3.7%).

The Bombay Burmah Trading Corporation Ltd. (1,854.20, 2.7%) was trading at 8.2 times of weekly average. ZF Commercial Vehicle Control Systems India Ltd. (15,966, 4.9%) and Jyoti CNC Automation Ltd. (863, 4.5%) were trading with volumes 5.7 and 5.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

19 stocks took off, crossing 52 week highs, while 3 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Ashok Leyland Ltd. (206.35, -1.6%), Astral Ltd. (1,592.10, 3.9%) and Bharat Forge Ltd. (1,676.40, 3.9%).

Stocks making new 52 weeks lows included - Berger Paints (India) Ltd. (458.50, 0.0%) and Mastek Ltd. (1,890.40, -3.4%).

19 stocks climbed above their 200 day SMA including Pfizer Ltd. (5,190, 4.6%) and Narayana Hrudayalaya Ltd. (1,867.30, 4.1%). 15 stocks slipped below their 200 SMA including Schaeffler India Ltd. (3,814.40, -3.7%) and Persistent Systems Ltd. (5,724, -2.5%).

 
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