The stock market opened with weakness on February 12, and the benchmark index Nifty50 slipped below 25900. In terms of news in the earnings season, strong action is being seen in LG Electronics India, Lenskart Solutions and Patanjali Foods. IT shares have created pressure on the market. With this, Nifty50 has also come closer to 25800. However, there has been a jump of 16% in Ratnamani Metals.
Weakness visible in stock market
New Delhi. There has been a break in the bullish trend going on in the stock market for the last 4 days, today the market is open with a decline and Nifty-Sensex are trading with weakness. IT shares have created the most pressure on the market and the Nifty IT index has fallen by 4 percent. However, in terms of news in the earnings season, strong action may be seen in some stocks today.
Shares of Lenskart jumped up to 11 per cent after good quarterly results, while shares of LG Electronics fell by 7 per cent due to weak results. At the same time, stocks of Lenskart Solutions, Patanjali Foods, Amara Raja Energy and Mobility, Protean eGav Technologies and Concord Biotech are also in the headlines due to the news.
Vikram Solar Share Price: Vikram Solar redeemed the pledged shares
Vikram Solar entered into an agreement with the Indian Bank led consortium. As per the loan agreement, the entire 9,49,60,893 equity shares of the company, representing 26.21% of the total equity share capital, which were pledged by the promoters of the company to secure working capital facilities earlier availed by the company, will be released.
Q3 Results Today: Quarterly results of these companies will come today
Oil and Natural Gas Corporation, Coal India, Lupine, Hindalco Industries, Honasa Consumer, Abbott India, Bajaj Hindustan Sugar, Bharat Forge, Biocon, CRISIL, Endurance Technologies, Engineers India, Entero Healthcare Solutions, Hindustan Aeronautics, Indraprastha Gas, Indian Hotels Company, Indian Railway Catering and Tourism Corporation, Muthoot Finance, Natco Pharma, Petronet LNG, Rashtriya Chemicals & Fertilizers, SpiceJet, TVS Electronics, Welspun Living, and Jagal Prepaid Ocean Services will release their quarterly results today.
ICICI Bank Share Price: ICICI Bank overtakes TCS
On 12 February, ICICI Bank became the fifth largest Indian company in terms of market capitalisation, overtaking TCS. This happened a day after SBI overtook the IT company to take the fourth position. TCS shares fell amid massive selling in the tech sector due to AI. Today ICICI Bank shares rose by about 2 percent, increasing its market capitalization to about Rs 10.22 lakh crore. Meanwhile, TCS shares fell nearly 5 per cent, reducing its market capitalization to Rs 10.04 lakh crore.
Ratnamani Metals Share Price: Ratnamani Metals shares strengthen strongly
There is weakness in the stock market today. But Ratmani Metals shares are showing strong strength. At around 12 o'clock it is showing a rise of more than 16 percent. High volume trade is visible in its shares.
Share Market Live Updates: Shares of Swiggy and Zomato fell by 3-3%
Shares of Zomato's parent company, Eternal and Swiggy fell up to 3% on February 12. This fall in shares has come after the report which said that e-commerce company Flipkart is considering starting food delivery.
HUL Q3 Results: Hindustan Unilever profits of Rs 7,075 crore in the third quarter
The country's largest FMCG company Hindustan HUL's third quarter net profit has increased by 136% to Rs 7,075 crore, which includes one-time gain of Rs 4,516 crore. The company's operational revenue increased by over 4 percent year-on-year to Rs 15,805 crore in Q3FY26, from Rs 15,146 crore in Q3FY25.
The company's EBITDA grew 2 per cent year-on-year to Rs 3,640 crore, while EBITDA margin declined 50 bps to 23.3 per cent.
Heavy fall in IT stocks, many stocks including Infosys and TCS fell by 5%
Share Market Live Updates: The decline in IT shares has deepened again and all the IT shares including Infosys and TCS are trading with a decline, but the biggest slowdown is visible in the shares of Coforge and they have fallen by 6 percent. Apart from this, shares of HCL Tech, Wipro, Tech Mahindra, Mphasis and LTI Mind Tree are also trading with a decline.
Read full news- Indian IT shares fell heavily due to AI concerns, Nifty IT index fell by more than 4%; Check the condition of TCS-Infosys
Big rise in Lenskart shares, stock jumped by 11% after Q3 results
Share Market Live Updates: Due to the better results of the third quarter, there is a tremendous rise in the shares of Lenskart Solutions and this stock has jumped by 11 percent in intraday. Shares of the company opened at Rs 516 and hit a high of Rs 527.30.
Read full news- Lenskart Q3 Results: Lenskart's profit increased 60 times, tremendous jump in revenue also; What is the reason for the rise?
36 stocks of Nifty50 fell, ICICI Bank top gainer and Infosys top loser stock.
Share Market Live Updates: The decline in the stock market can be gauged from the fact that in today's session, 36 stocks of Nifty50 are trading with a decline, while buying is being seen in 13. Top gainer stocks of Nifty include shares of ICICI Bank, Eicher Motors, NTPC and ONGC.
At the same time, all IT stocks are in the list of top loser stocks. Infosys is the top loser stock of Nifty with a fall of 4 percent.
Share Market Live Updates: LG India shares fall 7%, decline after poor Q3 results
Shares of LG Electronics India took a big hit after poor Q3 results. In the morning the company's shares opened at Rs 1410 with a fall of 7 per cent. However, with slight recovery now trading at Rs 1448.
Read full news - LG Electronics' stock fell due to weak Q3 results, due to these reasons there was decline in revenue and profit.
Shares of SBI and Trent may rise further - Experts
Share Market Live Updates: On the basis of better closing on February 11, market experts have advised to buy some specific shares for today's session. These include shares of SBI and Tata group company Trent, which can show further gains from the current levels.
Read the full news- SBI and Trent shares are yet to rise, how far can the prices go now? Experts gave target price
Bumper increase in Lenskart's profit in Q3, LG Electronics' profit decreased by 61%
Share Market Live Updates: LG Electronics India has presented its third quarter results. The company's profit in Q3 registered a decline of 61.6% to Rs 89.7 crore, compared to Rs 233.5 crore last year. Revenue also declined by 6.4% to Rs 4,114.4 crore, compared to Rs 4,395.5 crore last year.
At the same time, Lenskart presented strong results for the third quarter. The company's profit increased 71 times in Q3, from Rs 1.85 crore to Rs 131.03 crore. Revenue also showed a growth of 38.3% and increased from Rs 1,668.8 crore to Rs 2,307.7 crore.
Share Market Live Updates: Results of these big companies including ONGC and HUL will come.
Today is going to be an important day in terms of results in the stock market, because on February 12, many companies including Hindustan Unilever, Oil and Natural Gas Corporation, Coal India, Lupine, Hindalco Industries, Honasa Consumer, Abbott India, Bajaj Hindustan Sugar, Bharat Forge and Biocon will release their third quarter results.