On Tuesday, 2038 stocks advanced, 2099 declined and 201 remained unchanged on Bombay Stock Exchange with advance decline ratio of 0.97 indicating a negative closing. The trend of the major indices on Tuesday’s trading is given in the table below.
On NSE, 59 securities advanced and closed at a new 52-week high whereas 175 securities sank to close at their new 52-week lows. Nifty PSU Bank, Nifty Media and Nifty IT among the biggest gainers. Nifty Infrastructure, Nifty Pharma and Nifty Auto among the biggest losers.
Lloyds Engineering Works Limited (LEWL) (-1.20%) entered into an expanded cross‑border agreement with The Material Works Ltd. (TMW), USA for the global deployment of Eco Pickled Surface (EPS) technology, a patented acid‑less steel pickling solution and the first of its kind worldwide. Under the agreement, LEWL is authorised to exclusively design, manufacture, market, and deploy EPS systems across international markets, subject to contractual exclusions.
Indian footwear and lifestyle brand RedTape (+11.07%) is exploring a potential stake sale, with promoters considering divesting a majority or entire holding. The Mirza family, which owns about 71.8%, has appointed Ernst & Young (EY) as exclusive adviser to manage the process. According to a Reuters report, EY has approached global private equity firms Blackstone and KKR & Co to gauge interest and seek non‑binding indicative offers, signaling a possible large‑scale ownership transition.
Larsen & Toubro (L&T) (-3.27%) clarified that the reported $8.7 billion Kuwait oil project tenders under possible cancellation are not part of its current order book, meaning the company’s business pipeline remains unaffected. The clarification was issued after media reports triggered a sharp fall in L&T’s share price.
Omaxe (+12.69%) announced a ₹500 crore investment in Ludhiana with the launch of Omaxe Chowk, a modern mixed use development. Positioned as a high street destination, it aims to integrate retail, lifestyle, and residential spaces. The project is strategically located at Ghumar Mandi, a hub for jewellery, fashion, and wedding shopping.
Larsen & Toubro (L&T) secured a ‘Significant’ order (₹1,000–2,500 crore range) for its Transportation Infrastructure business in West Bengal. The project involves constructing a 2+2 lane, 3.2‑km extradosed cable‑stayed bridge over the Muri Ganga River, linking Kakdwip with Sagar Island.
VA Tech Wabag (+1.07%) won order from BPCL ranging between ₹250 crore and ₹600 crore. for its Bina refinery expansion in Madhya Pradesh. The scope includes a Raw Water Treatment Plant (RWTP), Reverse Osmosis Demineralisation Plant (RODMP), and Zero Liquid Discharge Plant (ZLDP). This comprehensive water block package will support BPCL’s petrochemical and refinery operations.
ICICI Prudential Life Insurance (+0.10%) delivered a steady Q3 performance, highlighting profitable growth and disciplined execution. APE (Annualised Premium Equivalent): ₹2,525 crore, up 4% y-o-y. VNB (Value of New Business): ₹615 crore, rising 19% y-o-y. VNB Margin: Expanded to 24.4% from 21.2% last year.
Bank of Maharashtra (+2.01%) posted a Q3 net profit of ₹1,779 crore, up 26.5% y‑o‑y. NII rose 16.3% y‑o‑y to ₹3,422 crore, reflecting stronger core income. GNPA improved y‑o‑y to 1.60% from 1.72%, while NNPA fell y‑o‑y to 0.15% from 0.18%. Gross NPAs stood at ₹4,388 crore y‑o‑y, net NPAs at ₹413 crore y‑o‑y.
Oriental Hotels (+2.38%) reported a Q3 net profit of ₹20.7 crore, up 43.8% y‑o‑y from ₹14.4 crore. Revenue from operations rose 14.2% y‑o‑y to ₹139.3 crore versus ₹122 crore last year. EBITDA increased 20.7% y‑o‑y to ₹42 crore compared with ₹34.7 crore. EBITDA margin improved to 30%, up from 28.4% y‑o‑y.
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:
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