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Sterlite Tech rises after Q4 results; profit jumps on one-time gain
Net profit surged to ₹59 crore in Q4FY26 from ₹5 crore a year ago, supported in part by a one-off gain of ₹31 crore.
Data Center Play: Nuvama raising target sends Sterlite Tech shares surging by 10%
Historically, Sterlite Technologies has been focused on telecom-driven demand, including 5G network upgrades, fibre-to-the-home, and rural broadband. However, the company is now positioning itself to capture emerging opportunities in the data centre segment.
These stocks have gained up to 10% led by order wins over the weekend
Apart from VA Tech Wabag, Data Patterns and SEAMEC, other companies that have won orders include RailTel, which has won an order worth ₹34 crore from the South Central Railway, Dilip Buildcon has emerged as the lowest bidder for a ₹160 crore EPC road project, and Newgen Software, which has bagged a ₹20.5 crore order form Kuwait.
Ai+ Smartphone, Optiemus plan ₹125 crore India manufacturing push
Homegrown tech brand Ai+ Smartphone has partnered with Optiemus Electronics to manufacture smartphones and other ecosystem products in India. The companies will jointly invest Rs 125 crore over five years, targeting production of three million smartphones and creating over 1200 jobs. This collaboration aims to boost domestic manufacturing and align with the 'Make in India' vision.
Explained: How Dixon, Kaynes Tech, others may benefit from latest FDI policy changes
India has eased investment rules for countries sharing a land border, allowing up to 10% foreign ownership in firms via the automatic route. Approvals for specific sectors like electronics components will now be fast-tracked to 60 days, aiming to boost domestic manufacturing and attract capital.
Top Gainers & Losers on Mar 10: Rashtriya Chemicals, Redington, Tejas Networks, Dixon Tech among top gainers - Mint
Top Gainers & Losers on Mar 10: Rashtriya Chemicals, Redington, Tejas Networks, Dixon Tech among top gainersMint
The two defence stocks this portfolio manager likes
Conrad Saldanha, MD & Portfolio Manager of Neuberger Berman, says market uncertainty due to Middle East tensions has created selective long-term opportunities. He sees attractive valuations emerging in global IT services after a sharp correction, while tech fundamentals remain strong. In India, he is selectively adding large caps like Reliance Industries and Bharti Airtel and likes IT midcaps such as Coforge and Persistent Systems as well as defence play Data Patterns, on weakness. Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
Closing Bell: Nifty below 25,200, Sensex tanks 961 pts; realty, metal, FMCG top drag
Nifty Midcap and smallcap indices down 1% each. Dr Reddy's Labs, Bharti Airtel, M&M, HDFC Life, Sun Pharma were among the top drags on the Nifty, while gainers were Trent, HCL Tech, Infosys, Apollo Hospitals. Among sectors, auto, bank, FMCG, metal, realty, telecom shed 1-2%, while IT, media, consumer durables ended in the green.
Dixon Tech rises 3% despite weak Q4 results; Vivo JV optimism boosts stock
On NSE, Dixon Technologies was trading at Rs 10,491.00, up Rs 353.00 or 3.48%.
Dixon Tech shares rise 5% amid buzz of govt nod for Vivo JV; JPMorgan retains ‘overweight’ rating
Vivo currently holds a dominant position in the Indian smartphone market and is estimated to have sold 3.5 crore handsets in 2025.
Live: Nifty unfazed by US-Iran tensions, ends week with gains | Closing Bell
Markets trade firm with NIFTY gaining 100 points above 25,550 and Sensex up 300 points, even as India VIX jumps 7%. IT stocks extend losses for the third straight day, while Bank, Metal and FMCG counters see strong buying. Top Gainers: Hindalco Industries, NTPC, Larsen & Toubro Top Losers: Tech Mahindra, Infosys, Bharti Airtel Catch Lovisha Darad in conversation with Ajit Mishra, SVP Research, Religare Broking and market expert Sunil Subramanian
Momentum Stocks: Thermax, Finolex Cables, Netweb, Natco Pharma hit 52-week high; Sterlite Tech at circuit
A few stocks saw sharp intraday moves and hit upper circuits. Sterlite Technologies, Indo Tech, Lux Industries, Norben Tea, Visa Steel, MSP Steel were locked in the upper band, reflecting strong demand and limited supply—often a sign of bullish near-term sentiment.