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Tega Industries shares in focus after completing $1.5 billion acquisition of Molycop
Tega Industries, in partnership with funds managed by affiliates of Apollo Global Management, has acquired Molycop from an affiliate of American Industrial Partners in a transaction valued at approximately $1.5 billion.
Tega Industries among 6 stocks showing bullish RSI upswing
On May 29, six Nifty500 stocks were highlighted in the RSI Trending Up scan based on data from StockEdge.com. The signal is triggered when RSI crosses above 50 from lower levels, indicating improving momentum. Rising RSI levels suggest strengthening price action and potential bullish continuation, often used by traders to identify possible buying opportunities.
Tega Industries consolidated net profit declines 58.13% in the March 2026 quarter
Sales decline 1.74% to Rs 526.78 crore
Tega Industries Q4 PAT tumbles 58% YoY to Rs 43 cr
Tega Industries reported a 58.13% decline in consolidated net profit to Rs 42.67 crore in Q4 FY26 as against Rs 101.90 crore posted in Q4 FY25.
Tega Industries Q4 Results: Stock jumps 10% despite sharp margin contraction
The company reported a 58.3% year-on-year decline in net profit to ₹42.5 crore for Q4FY26, compared to ₹102 crore in the corresponding quarter last year.