On Tuesday, 1947 stocks advanced, 2345 declined and 192 remained unchanged on Bombay Stock Exchange with advance decline ratio of 0.83 indicating a negative closing. The trend of the major indices on Tuesday’s trading is given in the table below.
On NSE, 44 securities advanced and closed at a new 52-week high whereas 580 securities sank to close at their new 52-week lows. Nifty Metal, Nifty PSU Bank and Nifty IT among the biggest gainers. Nifty Media, Nifty Auto and Nifty FMCG among the biggest losers.
Jash Engineering (-0.06%) clarified that its participation in Jal Jeevan Mission (JJM) projects has been minimal, primarily because of the nature and scale of work involved. JJM projects typically focus on water treatment plants, extensive piping networks, and automated valves for water flow management. The company emphasized that it is not a piping manufacturer nor a commercial valves producer, which limits its role. Its contribution has been restricted to select products used in water treatment plants, rather than the broader infrastructure scope.
Paytm parent One 97 Communications (+0.53%) issued a clarification regarding reports on the RBI’s incentive scheme for digital payment infrastructure deployment. The company confirmed that it has recognized incentives strictly in line with the RBI circular, which governs qualifying expenditure for payment acceptance devices. The incentive was linked to the deployment of Soundboxes and EDC (Electronic Data Capture) machines. These devices were rolled out across Tier 3 to Tier 6 centres, expanding digital payment access in smaller towns.
Pine Labs (-4.76%) announced a strategic partnership with Wio Bank, the Middle East’s leading digital financial platform, to build a modern acquiring infrastructure with zero legacy dependency. Wio Bank will deploy Credit+, Pine Labs’ modular, API‑first acquiring platform, as the backbone of its acquiring operations.
Waaree Renewable Technologies (+1.78%) approved a binding term sheet to acquire 55% stake in Associated Power Structures Ltd (ASPL) for about ₹1,225 crore, through a mix of primary and secondary investments. The deal is subject to due diligence and customary closing conditions. ASPL, incorporated in 1996, operates in power transmission and distribution infrastructure. On completion, ASPL will become a subsidiary of Waaree Renewable Technologies Ltd.
AXISCADES Technologies (-2.72%) announced a strategic partnership with OGMA – Indústria Aeronáutica de Portugal, a subsidiary of Embraer, to expand India’s aerospace manufacturing and MRO ecosystem. The collaboration will focus on aerospace manufacturing, MRO, airframe engineering, and certification services for both commercial and military aircraft.
Mukka Proteins (+4.04%) announced that its Black Soldier Fly (BSF)–based municipal wet‑waste processing project in Bengaluru has been formally listed on the Verra Registry, marking a step toward carbon credit monetisation. The project has an operational capacity of 300 tonnes per day (TPD). It is being run under Mukka Proteins’ empanelment with Bengaluru Solid Waste Management Ltd.
Wockhardt (-0.22%) announced positive Phase 3 trial results for its novel intravenous antibiotic Foviscu® (WCK 4282). The study targeted patients with complicated urinary tract infections (cUTI) and acute pyelonephritis caused by Gram negative bacteria, including ESBL producing pathogens. The randomized, double blind trial compared Foviscu with meropenem, a last line carbapenem antibiotic. At the test of cure stage, Foviscu achieved a clinical cure rate of 93.23%, versus 92.31% for meropenem, demonstrating therapeutic equivalence with a similar safety profile.
RITES (+0.07%) announced receipt of a Letter of Intent (LOI) from ICVL Mozambique for the supply of Cape Gauge Diesel Electric Locomotives along with preventive maintenance services. The scope includes locomotive supply, preventive maintenance, and consumable spares at site. The order has been awarded by an international entity, expanding RITES’s global railway footprint. This strengthens its presence in overseas railway infrastructure and rolling stock projects.
Castrol India (-0.16%) and HPCL have signed a strategic MoU to develop a Re Refined Base Oil (RRBO) ecosystem in India. The collaboration will jointly evaluate a structured model for collection of used lubricating oil and its re refining for reuse in lubricant manufacturing. Focus areas include commercial viability, operational framework, and technical feasibility of scaling such a circular model nationwide.
Aurionpro Solutions (+2.20%) secured a multi‑year, multi‑million‑dollar order from Titagarh Rail Systems for Platform Screen Door (PSD) systems on Mumbai Metro Line 5.The project will be executed in consortium with KTK Group Co. Ltd., with Aurionpro acting as OEM and solution delivery partner. This marks Aurionpro’s entry into safety‑critical PSD solutions, expanding its smart transit portfolio. PSD systems enhance passenger safety, station efficiency, and support higher traffic volumes, especially in automated networks.
RateGain Travel Technologies (-0.92%) announced the large scale deployment of Sojern’s AI Concierge solution across Red Roof hotels in the U.S.. The rollout strengthens AI driven guest engagement and operational efficiency across the brand’s portfolio. The AI Concierge will automate routine guest interactions such as service requests, amenity queries, and issue reporting. This reduces front desk workload while ensuring fast, accurate, and personalized responses at scale.
Asian Paints (-2.99%) posted Q3 consolidated net profit of ₹1,074 crore, down 4.8% y o y from ₹1,128.4 crore. Revenue from operations rose 3.7% y o y to ₹8,867 crore, compared with ₹8,549.4 crore last year. The results highlight modest topline growth but a decline in profitability.
Raymond (+4.87%) reported Q3 FY26 consolidated net profit of ₹7 crore, down 90.3% y o y from ₹72.3 crore. On the revenue front, the company delivered ₹557.2 crore, a 19.6% y o y increase from ₹466 crore. The results highlight a sharp profit decline despite strong topline growth.
Axis Bank (+4.59%) reported Q3 FY26 net interest income (NII) of ₹14,287 crore, up 5% y‑o‑y from ₹13,606 crore. On a consolidated basis, PAT stood at ₹7,010.65 crore, compared with ₹6,742.29 crore last year, a 3.98% y‑o‑y increase.
CG Power and Industrial Solutions (-3.36%) reported Q3 FY26 revenue of ₹3,175.35 crore, a 26.2% y‑o‑y increase from ₹2,515.68 crore. Net profit after tax from continuing operations stood at ₹283.91 crore, up 19.4% y‑o‑y from ₹237.85 crore.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below:
