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Government will sell up to 5% stake in defense company, offer for sale launched; Know complete details including floor price – government to sell 5 percent stake in BHEL through OFS floor price Rs 254 non retail retail dates full details

The government has launched Offer for Sale (OFS) to reduce its stake in government company Bharat Heavy Electricals Limited (BHEL). Under this, the government is planning to sell a total of 5% equity.

3% stake will be sold in the first phase. If demand remains high, an additional 2% stake can also be sold under the green shoe option. The floor price for OFS has been fixed at ₹254 per share. This is at a discount of about 8% from the current market price.

When will OFS open and for whom

OFS of BHEL of defense and engineering sector will open for non-retail investors on 11 February. At the same time, retail investors will be able to bid on 12th February.

Secretary, Department of Investment and Public Asset Management (DIPAM) said that this sale will be held on February 11 and 12 and retail investors will be given the facility to bid on T+1 basis.

Why is the government selling its stake?

The objective of the government is to increase market liquidity and increase the scope of public shareholding through this disinvestment. According to officials, the OFS route has been chosen so that the stake can be reduced with speed and transparency and to ensure participation of more investors. The move is part of the government’s overall disinvestment strategy.

BHEL got a big order

Meanwhile, BHEL has also received a big good news. The company has received a Letter of Acceptance (LoA) worth about ₹2,800 crore from Bharat Coal Gasification and Chemicals Limited (BCGCL). Custom duty and GST are not included in this amount.

BCGCL is a joint venture between Coal India Limited (51%) and BHEL (49%). This project will be set up in Lakhanpur in Jharsuguda district of Odisha. This is a coal-to-ammonium nitrate project, which will have a capacity of 2,000 tonnes per day. The order has been placed for Syngas Purification Plant under LSTK-2 package.

What work will BHEL do?

BHEL will handle many responsibilities in this project. Such as design and engineering, supply of equipment, civil work, erection and commissioning, and then operation and maintenance (O&M). The initial approval phase of the project will be completed within 42 months from the date of LoA. This includes commissioning and performance guarantee tests. After this, O&M services will be provided for 60 months.

Condition of BHEL shares

Shares of Bharat Heavy Electricals Limited closed 0.46% higher at ₹275.90 on the NSE on Tuesday. The stock has gained 24.58% in the last 6 months, while it has given a return of 35.92% in 1 year. At present the market cap of the company is ₹ 96.07 thousand crore.

Titan Q3 Results: Big jump in profit and revenue, jewelery segment shines; Will keep an eye on shares

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Block Deal: Stock increased by 140% in 1 year, now there will be a big block deal; Will keep an eye on shares – ev stock in focus ather energy block deal niif to sell 1 92 percent stake after 140 percent one year rally

Block Deal: A big block deal is going to happen in electric two-wheeler company Ather Energy. In this, government fund – National Investment and Infrastructure Fund (NIIF) is preparing to sell up to 1.92% of its stake. CNBC-TV18 has given this news quoting sources.

What will be the size of the block deal?

The total size of this block deal may be around ₹ 533.5 crore. The shares may be priced in the range of ₹705.7 to ₹727.55 per share. The floor price of the block deal has been kept at a discount of about 3% from the current market price.

Big reduction in losses in the third quarter

Ather Energy has reduced its losses to a great extent in the third quarter of FY26. The company’s net loss declined to ₹83.6 crore in Q3, compared to ₹197.6 crore in the same quarter last year.

The company’s revenue rose 50% year-on-year to ₹953.6 crore in the December quarter, from ₹635 crore a year ago. Higher sales of vehicles and increasing non-vehicle revenue contributed to this growth.

Earnings increased from software and services

The share of non-vehicle revenues such as software subscriptions, charging, accessories, spare parts and services has now increased to 14% in Ather’s total earnings. Due to this, the company’s earnings seem to be more diversified.

Along with strong revenue, the company also saw a big improvement in its margins. Adjusted gross margin (AGM) grew 111% year-on-year to ₹251.3 crore in Q3FY26. Excluding incentives, AGM margin stood at 23%, an increase of about 1,100 basis points year-on-year.

Record sales and strong market share

Ather Energy sold 67,851 units in the third quarter, which is the highest quarterly sales till date. This represents a growth of 50% on an annual basis.

During this period, the company’s pan-India market share increased to 18.8%. During the festive season, Ather recorded a record 30,900 registrations in a month, taking its market share to nearly 20% that month.

Status of Ather Energy shares

Shares of Ather Energy closed at ₹725.10, down 0.02% on the BSE on February 10. The stock has gained 72.56% in the last 6 months. At the same time, it has given multibagger returns of about 140% in 1 year. The market cap of the company is Rs 27.75 thousand crore.

Nifty Outlook: Eye on breakout above 26000, know how Nifty will move on February 11

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Q3 Results: Strong growth in profit and revenue, shares hit 20 percent upper circuit – lumax industries q3 results profit revenue surge shares hit 20 percent upper circuit February 10

Q3 Results: Shares of automotive component manufacturer Lumax Industries Ltd witnessed a tremendous rise on Tuesday, February 10. After strong December quarter results, the stock jumped 20% to the upper circuit and made a new 52-week high.

After the announcement of results, heavy buying was seen in the shares. Lumax Industries stock closed 20% higher at Rs 6,136.30. The stock is up 83.02% in the last 6 months. At the same time, it has given a return of 165.97% in 1 year.

Strong growth in profits and revenue

Lumax Industries’ net profit for the quarter ended December 31 increased 39.2% year-on-year to Rs 46.5 crore. The profit in the same quarter last year was Rs 33.4 crore.

At the same time, revenue from operations increased by 18.7% to Rs 1,052.7 crore, which was Rs 887 crore a year ago.

Big improvement in operating performance

Lumax Industries also saw a clear improvement in its operating performance during the quarter. EBITDA jumped 59.7% YoY to Rs 111 crore. It was Rs 69.5 crore in the same quarter last year.

EBITDA margin increased from 7.9% to 10.5% due to improved operating leverage, reflecting a strong improvement in profitability.

What is the business of Lumax Industries?

Lumax Industries is a leading automotive component manufacturer. It is part of the Lumax-DK Jain Group. The company supplies lighting systems and other related products to major automobile companies in India.

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Gold-Silver vs Equity: Investment in gold ETFs doubled, ₹ 24,050 crore came, stock market left behind – gold-silver vs equity gold silver etfs inflows surpass equity fund flows in January attract rupees 33503 crore

Gold-Silver vs Equity: The rise in gold and silver rapidly attracted investors and the equity market became dim in front of its shine. Last month in January, there was a net investment of ₹ 33,503 crore in Gold ETFs and Silver ETFs, while only ₹ 24,013 crore was invested in equity mutual funds during this period. This has been revealed by the data of mutual fund body AMFI. Talking separately, investment of ₹ 24,050 crore came in Gold ETFs alone, which was almost double the investment of ₹ 11,647 crore in December. Whereas, investment of ₹ 9,463 crore came in Silver ETF last month. Talking about other ETFs, there was heavy investment in thematic and index related products in January, which increased from ₹ 13,199 crore in the month of December to ₹ 15,006 crore.

Slow pace of investment in equity funds

Last month, investors’ sentiment towards ETFs appeared strong. At the same time, there was slowdown in equity mutual funds and there was 14% less investment as compared to the month of December. Inflows into large-cap funds stood at ₹2,005 crore last month, compared to ₹1,567 crore in December. On the other hand, investment in mid-cap funds decreased to ₹3,185 crore and investment in small-cap funds decreased to ₹2,942 crore. However, investment in sectoral and thematic funds increased from ₹946 crore to ₹1,043 crore. Whereas monthly SIP remained stable at ₹31,002 crore.

What do experts say?

The shine of gold has increased across the world and this increased the demand for gold ETFs. According to World Gold Council data, the investment in gold ETFs in January alone is 12.5% of its total AUM (Assets Under Management) in the country. According to analysts, the increasing interest of investors as a hedge to protect against macroeconomic uncertainty, market decline and fluctuations has increased its shine. Rochan Patnaik, Chief Investment Officer, Choice AMC, says that after strong gains in the year 2025 and early 2026, when gold-linked ETFs declined, investors considered it a buying opportunity. He believes that it is being continuously supported by limited supply growth, persistence of geo-political risks and stable demand from central banks. He believes that investors should keep 10-15% of their portfolio in it.

Varun Gupta, CEO of Groww Mutual Fund, says that the pace of investment in equity funds has slowed down, but investor interest in many scheme categories remains strong. He says gold ETFs have outperformed equity funds, which shows that gold and silver are now becoming more accepted in financials as mainstream portfolio assets.

Disclaimer: The advice or opinions expressed on Moneycontrol.com are the personal views of the expert/brokerage firm. The website or management is not responsible for this. Moneycontrol advises users to always seek the advice of a certified expert before taking any investment decision.

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Navin Fluorine shares: Shares hit record high after the results, most analysts positive, expecting an 18 percent upside – navin fluorine shares hit record highs after q3 results with most analysts positive expecting an 18 percent upside

Navin Fluorine shares: Shares of Naveen Fluorine International rose more than 4% as the market opened on Tuesday, February 10, reaching a new record high. This rise in the stock has come after the Q3 results. At the same time, analysts have also become quite positive about the stock and have increased their target prices. Jefferies, Nuwama and UBS have ‘buy’ ratings on the stock, while Citi has advised ‘sell’. All analysts have increased their target prices.

Jefferies has given ‘Buy’ rating on the stock and raised its price target to ₹7,800 per share. According to the brokerage, the company had a good third quarter with EBITDA and PAT 16% and 14% higher than Jefferies estimates, respectively. This happened because of specialty chemicals. Strong contracts in CDMO, growth in data center cooling products and R32 capacity provide hope for strong earnings growth in FY27-28. Its net debt to equity was 0.03x.

Jefferies has raised its earnings per share (EPS) estimates for FY27 and FY28 to 9% and 7%, respectively, and estimates a 23% EPS compound annual growth rate (CAGR) during this period.

Nuvama has ‘Buy’ rating on Naveen Fluorine and has a target price of ₹7,653 per share. Nuvama said the excellent quarter was supported by growth in all three segments, with Specialty Chemicals exceeding expectations in the challenging agrochemical industry. Since the third quarter beat all headline expectations, Nuvama’s FY26, FY27 and FY28 estimates need to be upgraded by 15%, 11% and 11%, respectively, due to expectations of sustainable EBITDA margins of 30% or higher. It said growth opportunities remain strong across all segments, while backward integration from AHF will drive margin expansion and emerging sectors will provide long-term opportunities.

The analyst has given ‘Buy’ rating on the stock with a target price of ₹7,800 per share. UBS said Naveen Fluorine had strong growth and improved margins in the third quarter. Its outlook is good. All segments performed well, with specialty chemicals outperforming expectations.

Increasing capacity will support medium to long term growth. The company’s management indicated stable annual EBITDA margins of around 30%, supported by high utilization of existing facilities. Fourth quarter momentum is expected to be strong, benefiting from seasonal trends. It said FY26 margins are likely to exceed the guided 30% level.

Citi has given ‘Sell’ rating on Naveen Fluorine, with a target price of ₹5,500 per share. Citi believes that the year-over-year increase in Naveen Fluorine’s EBITDA margin was driven by a combination of higher gross margins and operating leverage. The company has started many projects like R31, HFO, Ag-chem in the last three years, whose gross block has increased by more than 4 times as compared to FY22. The city said some of these capacities have been increased and restrictions are expected to increase over the next few days.

Additionally, Naveen Fluorine is up 57% in one year at 29x its EV/EBITDA, which appears to account for most of this gain.

Of the 29 analysts covering the stock, 21 have given a ‘Buy’ rating, 3 have given a ‘Hold’ rating and 5 have given a ‘Sell’ rating.

How were the quarterly results?

The company’s third quarter profit after tax (PAT) increased by 122% to ₹185 crore from ₹84 crore last year. Its revenue grew 47% to ₹892 crore from ₹606 crore in the third quarter of last fiscal. The company’s earnings before interest, tax, depreciation and amortization (EBITDA) increased 109% to ₹308 crore from ₹147 crore, while its operating margin expanded to 34.5% from 24.3% in the same period last year.

The specialty chemicals segment grew 60% to ₹354 crore, the high performance products (HPP) segment grew 35% to ₹412 crore and the contract development and manufacturing organization (CDMO) segment grew 61% to ₹127 crore.

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These two companies of Adani Group will merge, know the effect – NCLT approves merger scheme of Adani Group Ambuja Cements with its subsidiary Sanghi Industries watch video to know more

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Adani Stocks: Adani Group company Ambuja Cements has achieved a major corporate success. The Ahmedabad bench of the National Company Law Tribunal (NCLT) has approved the proposed scheme of merger between Ambuja Cements and its subsidiary Sanghi Industries.

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Tesla’s taxes will not be cheap in India – us india trade deal offers no immediate relief for tesla raising questions over india entry plans watch video to know more

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India-US Trade Deal: The new trade pact between India and America has brought a big relief to luxury cars and Harley-Davidson motorcycles. At the same time, the decision to keep electric vehicles out of this agreement has made the path more difficult for Tesla in India. Tesla CEO Elon Musk, who has been advocating reduction in import duty for a long time, is considered to be a big blow by this decision.

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Adani Stocks: These two companies of Adani Group will be merged, know in what ratio the shares will be received – nclt approves merger scheme of adani group ambuja cements with its subsidiary sanghi industries

Adani Stocks: Adani Group company Ambuja Cements has achieved a major corporate success. The Ahmedabad bench of the National Company Law Tribunal (NCLT) has approved the proposed merger between Ambuja Cements and its subsidiary Sanghi Industries. The company informed about this decision in the information sent to the stock markets on February 9.

Ambuja Cements said that in the order given on Monday, NCLT approved the amalgamation plan. The tribunal said that after a detailed study of the scheme, it prima facie appears to be beneficial to the companies and will cause no harm to the interests of neither shareholders nor creditors.

NCLT’s comment

The process was going on from December 2023

It is noteworthy that Ambuja Cements had completed the acquisition of Sanghi Industries in December 2023 at an enterprise value of Rs 5,185 crore. After this, in December 2024, the company’s board approved the merger of Sanghi Industries and Penna Cement Industries into Ambuja Cements.

At that time the company had said that since all these companies are associated with the same business sector i.e. Cement Industries, this amalgamation will help in completely absorbing the business of Sanghi Industries into Ambuja. This will make operations more effective and profitable and business management more efficient and economical.

According to the company, this merger will enable better utilization of resources, reduction in overhead costs, cost savings, benefit of economies of scale, elimination of duplication of efforts and simplification of compliance processes.

merger ratio

Ambuja Cements had also clarified in December 2024 that after the merger it would issue shares to the shareholders of Sanghi Industries. As per the decided ratio, for every 100 equity shares of Sanghi Industries (face value Rs 10 per share), 12 equity shares of Ambuja Cements (face value Rs 2 per share) will be issued. After this, the eligible shareholders of Sanghi Industries will become shareholders of Ambuja Cements.

Disclaimer: The views and investment advice given by experts/brokerage firms on Moneycontrol are their own and not those of the website and its management. The website or management is not responsible for this. Moneycontrol advises users to consult certified experts before taking any investment decision.

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Stock Market Highlight: Sensex rose 485 points due to US trade deal, Nifty closed above 25,850 – live stock market today February 9 updates bse nse sensex nifty latest news crude sbi aurobindo pharma ipca labs tata steel pfc rec force motorscopper share price

Stock Market Highlight: Sensex rises 485 points due to US trade deal, Nifty closes above 25,850

The market remained enthusiastic due to excellent global signals and in the end Sensex-Nifty closed with good gains. There was good buying in midcap and smallcap stocks while buying was seen in PSU bank, realty, defense stocks. Metal, pharma, auto indices closed with gains. PSE, IT index closed with slight decline.

On Nifty, State Bank of India, Shriram Finance, Tata Steel, Tata Motors Passenger Vehicles, Hindalco Industries were among the top gainers, while Max Healthcare, Power Grid Corporation, ITC, ICICI Bank, Nestle India were among the losers. Nifty Midcap index rose 1% and Smallcap index rose 2%.

All sectoral indices closed in the green with Media, Consumer Durables, Realty, PSU Bank, Metal up 1-3%.

At the end of trading, the Sensex closed at 84,065.75 with a gain of 485.35 points or 0.58 percent. Nifty closed at 25,867.30 with a gain of 173.60 points or 0.68 percent.

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