Share Market Rise: Recovery was seen in the Indian stock markets on Wednesday afternoon, 18 February. Sensex jumped 600 points from the day’s low. Whereas Nifty increased beyond 25,800. Due to this, both the indexes came from red mark to green mark.
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Stocks Crash: In the last one to two years, the same IPO shares which were highly discussed in the market have now become a headache for investors. These companies used to describe their business model as new age. But now many of these big names are seen falling 40% to 80% from their highest levels. Investors who bought at the upper levels are facing huge losses.
Physicswala’s stock closed at Rs 102.50, slipping 1.65% on Wednesday. This share had once reached the highest level of Rs 161.99. From there it is now trading around Rs 100. That means investors who bought at the top are incurring a loss of around Rs 60 per share.
This stock has fallen by about 33% in just three months. Promoters hold 72.33% stake till December 2025. FII holds 12.4% and DII holds 12.74%.
Brainbees Solutions (FirstCry)
The stock fell 6.26% to Rs 215.50 on Wednesday. It has reached here by falling 70% from its high of Rs 734 in 2024. The stock has fallen about 42% even in one year. FIIs have also reduced their exposure in this stock. In one year their stake has declined from 9.62% to about 4%.
Swiggy shares closed at Rs 334 with a gain of 1%. This share has fallen from the level of Rs 617.30 to now around Rs 330. That means a decline of about 46%. However, there is also a positive sign here. The FII stake was 4.9% in March 2025, which has increased to more than 16.07% by December 2025.
Meesho shares closed 2.66% higher at Rs 156.49. It has lost almost 40% from the high of Rs 254.40. According to the shareholding pattern available till December 2025, promoters’ stake stood at 16.76%, while foreign institutional investors (FIIs) held 4.31% and domestic institutional investors (DIIs) held 5.28%.
Ola Electric, owned by Bhavish Aggarwal, has caused the biggest loss to investors. It closed at Rs 28.25 with a gain of 0.96% on Wednesday. This share has reached the highest level of Rs 157.40 after the IPO. From there it has now fallen by about 80%. Promoters’ stake is 34.59%. At the same time, FII has about 4% stake. This decline has been extremely painful for investors who bought at high levels.
Why did these stocks fall?
Most of these stocks were listed at high valuations at the time of IPO. But, later their growth and quarterly results did not meet the expectations of investors. This is the reason why a huge crash was seen during the market correction. Investors who had bought after listing or at higher levels are seeing big losses in their portfolios.
This is why experts advise to avoid investing only on the basis of brand name or market buzz. Time of entry and valuation are most important in the stock market.
Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.
Stock in Focus: Construction company BL Kashyap and Sons Ltd has received a big order in Greater Noida. The company said that it has received a work order worth ₹300 crore (excluding GST) from CRC Greens Private Limited. This order is for a group housing project.
What work will the company do in Greater Noida?
Under this project, BL Kashyap will construct and supervise the civil structural works. That means BL Kashyap will handle the construction activities related to the main structure of the building. This order has been placed by a domestic company and the work will be done in Greater Noida, Uttar Pradesh.
The time limit for completing this project has been fixed at around 42 months. The company has also clarified that its promoter or any company of the promoter group has no interest in the organization placing the order.
Big order was received in Chennai also
BL Kashyap had earlier also received a big contract in December. The company had then said that it had received new orders worth ₹364.07 crore for civil and structural works in Chennai. This has further strengthened the company’s order book in the commercial real estate segment.
According to exchange filings, the contract was awarded to ESNP Property Builders and Developers Pvt. Ltd. Had met from. This project is part of the Special Economic Zone i.e. SEZ. It is to be completed in about 24 months.
Status of BL Kashyap’s shares
Shares of BL Kashyap and Sons Ltd closed at ₹49.95 on NSE, down 0.20% on Wednesday. The stock has fallen 27.05% in the last 6 months. However, in the last 5 years it has given multibagger returns of 281.30%. The market cap of the company is Rs 1.13 thousand crore.
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.
AI Stocks: There was a huge rise in stocks related to Artificial Intelligence (AI) on Wednesday 18 February. Shares of companies like Netweb Technologies, E2E Networks and Ananth Raj jumped between 8% and 20%. This surge came during the ongoing India AI Impact Summit in New Delhi, where many new deals and projects for AI and technological development were announced.
Netweb Technologies
NetWeb Technologies shares rose as much as 11% in trading today. The company has launched new AI supercomputing systems equipped with NVIDIA technology under ‘Make in India’, after which this rise in shares was seen.
In the information given to the stock market, the company said that NetWeb Technologies has taken a new step in the field of computing in India. The company has launched an AI supercomputer ‘Tyrone Cammero GB200 System’ under ‘Make in India’. The company says that it is one of the most powerful AI infrastructure solutions in the world.
Along with this, the company has also introduced a personal computer system named ‘Tyrone Cameraro Spark’. The company claims that it is one of the world’s smallest AI supercomputers, available in the size of a desktop. The system is based on NVIDIA’s AI technology and includes NVIDIA Blackwell GPU, NVIDIA Grace CPU, NVIDIA networking, CUDA-X library, and AI software stack.
According to the company, this new system will help meet the needs of millions of AI developers in India and accelerate the development of advanced AI technology.
2. E2E Networks
Shares of E2E Networks jumped as much as 20% in trading today. The surge came after the company revealed it was building Nvidia Blackwell GPU clusters on its TIR platform. Nvidia’s Jay Puri said E2E Networks is deploying Blackwell GPU clusters with NVIDIA HGX B200 systems and NVIDIA enterprise software on its TIR cloud platform at the L&T Vyoma data center in Chennai.
This platform will also include NVIDIA Nemotron open models. The company says that this will promote advanced AI development in India in areas like agentive AI, healthcare, finance, manufacturing and agriculture.
3. Aurionpro Solutions
OrionPro Solutions, a provider of end-to-end data center solutions, on February 18 announced it has received a “large order” from a leading global data center developer and operator. After this news, its shares saw a rise of more than 5%.
The company said in the information given to the stock market that it has got this strategic agreement from a big global client associated with it for a long time. The company said that this order proves the capability of its complete infrastructure services, which includes engineering, design, construction, commissioning and maintenance of the entire project (lifecycle support).
This huge order will be completed in the next three quarters. Under this, an existing (brownfield) data center facility in Mumbai will be designed and constructed. The project includes engineering and construction services as well as integrated testing and commissioning.
Other AI stocks also rose
Amidst the expectations regarding Artificial Intelligence (AI) and its various uses and announcement of many deals, other AI related stocks also saw a good rise today on February 18. Ananth Raj, Orient Technologies shares rose up to 8%. Shares of power companies providing electricity to data centers also increased. In this, shares of Cummins India and Hitachi Energy rose by 3.75% and 2% respectively.
This surge has come at a time when ‘India AI Impact Summit’ is going on at Bharat Mandapam in New Delhi. It is the first major AI conference held in the Global South. This conference will continue till Saturday. Prime Minister Narendra Modi, Google’s Sundar Pichai, OpenAI’s Sam Altman and Anthropic’s Dario Amodei will address the conference on Thursday.
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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.
Paytm Share Price: Global brokerage firm Macquarie published a note regarding PhonePe’s IPO, which had a positive impact on Paytm shares. Its shares have risen today for the second consecutive trading day on this note. Shares of Paytm’s parent company One97 Communications jumped more than 2%. Some investors took advantage of this rise due to which the price softened but due to buying at lower levels it is still in a very strong position. Currently on BSE it is at ₹1192.05 with a jump of 1.85%. It jumped 2.24% to reach ₹1196.65 intra-day. It had closed with a gain of more than 4% a trading day earlier.
What does Macquarie have to say about PhonePe IPO?
Macquarie has published a note regarding ‘PhonePe IPO in focus, but can Paytm re-rate’ i.e. PhonePe IPO is in trend but can Paytm be re-rated. The brokerage firm believes that the proposed IPO of PhonePe may lead to re-rating of Paytm in the near term. PhonePe has filed the draft of its IPO and according to reports its valuation is around $1500 crore. The sale of about 10% to existing shareholders could raise around $150 crore.
What is the connection with Paytm?
Based on the final deal with General Atlantic in September 2025, the estimated valuation of PhonePe is between $1300-$1500 crore, which is about 60-90% more than Paytm’s current market cap. This is the situation when PhonePe is still in negative at the operating level, while Paytm has become positive. At a valuation of $1300-$1500 crore, Macquarie estimates PhonePe to trade at 37-43x 1H1 adjusted revenues, while Paytm trades at around 19x.
The brokerage firm says that financial services distribution business like loans, mutual funds and insurance has expanded rapidly and its revenue share in the first half of this financial year 2026 was 13% which was only 4% in the financial year 2024. PhonePe’s further foray in this segment could have an impact on Paytm, which currently gets one-third of its revenue from distribution.
PhonePe is among the largest fintech platforms in the country with more than 45% market share in UPI transactions. As of September 2025, it had more than 65.7 crore registered users and 4.7 crore merchants. Its share in the UPI market by value was around 49-51%, which is more than competitors like Google Pay and Paytm.
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.
Metal Stocks: Shares of steel and aluminum companies will be under watch in the Indian stock market. The reason is the signal from America. United States Trade Representative (USTR) Jamieson Greer has said that the Trump administration is considering some changes in the comprehensive tariffs imposed on steel and aluminum. However, there is no talk of complete removal of the basic tariff. US President Donald gives a lot of importance to Jamie Greer in his trade policy.
Tariffs will remain, but relief possible
Speaking to CNBC, Greer made it clear that the core tariffs will remain. But some changes can be made to reduce the burden of rules on companies. Many companies have complained that the calculation of duty on derivative products made of steel and aluminum has become very complex and expensive. The government is now thinking of simplifying this process.
Immediate impact in American market
After these statements, a sharp reaction was seen in the American market. Alcoa Corp. Shares fell by about 7.9%. Kaiser Aluminum Corp. And Century Aluminum Co. also declined by 4.5% and 4.3%. Steel company Cleveland-Cliffs Inc. Shares also fell by more than 3% in early trade.
What effect will it have on Indian companies?
Its impact on Indian companies like Vedanta Ltd, Hindalco Industries, Tata Steel and JSW Steel may be mixed. If tariffs are softened, price pressure in the global market may reduce. This will provide relief to the downstream industry and the pressure on demand may reduce. Better trade flow can also stabilize the export situation.
Hindalco’s American unit under eye
However, Hindalco has acquired the rights of its American subsidiary Novelis Inc. You may have to bear some pressure through this. Until recently, Midwest aluminum premiums in the US were high due to high tariffs, giving Novelis an advantage. If duties are relaxed and premiums come down, Novelis’ margins could be impacted.
50% tariff continues for now
The US administration has also reiterated that the basic tariff of 50% on foreign steel and aluminum will remain in place. The market will now wait to see how comprehensive the potential changes will be and how they will be implemented.
Stock in Focus: Government company Bharat Heavy Electricals Limited (BHEL) has received Letter of Acceptance (LoA) from Steel Authority of India Limited (SAIL). Under this, a captive power plant is to be set up in the IISCO Steel Plant located in Burnpur, West Bengal.
The order is related to the Captive Power Plant (CPP-1) package under SAIL’s 4.08 million tonne per annum crude steel capacity addition project. The estimated value of this order is between ₹1,200 crore to ₹1,500 crore. This does not include GST.
What work will be done in turnkey contract
The project awarded to BHEL will be on turnkey basis. Under this, BHEL will do work like design, engineering, construction, supply of equipment, transport, unloading, storage. However, civil work is not included in this contract. The project has to be commissioned within 39 months from the effective date of the contract.
OFS got tremendous response
Last week, BHEL’s Offer for Sale (OFS) received 2.3 times subscription on the very first day. 9.4 crore shares were put up for sale, while bids came for more than 22 crore shares. Institutional investors bid more than ₹5,650 crore. Due to this the issue was subscribed more than twice on the very first day. Seeing strong demand, the government put the entire 5 percent stake up for sale by exercising the green shoe option.
Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said the OFS received tremendous participation and was oversubscribed by 2.3 times on the first day. Bidding for retail investors and employees was scheduled for February 12, 2026.
Condition of BHEL shares
Shares of BHEL closed at ₹262.80 with a slight gain of 0.11 per cent on NSE on Tuesday, February 17. The stock is up 21.18% in the last 6 months. At the same time, it has given a return of 35.68% in 1 year. It has given multibagger returns of 550% in the last 5 years. Its market cap is Rs 91.46 thousand crore.
Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.
Stock in Focus: Infrastructure company GR Infraprojects has received an order from West Central Railways to build a new railway line in Madhya Pradesh. This is an EPC contract. Under this, the company will construct a new line from Km 124/400 to Km 165/380 between Bahari and Gondavali stations.
What does the work involve?
GR Infraprojects said in an exchange filing that the project involves earthwork. Under this, small and big bridges will be built. Some important bridges will also be built. A viaduct will be constructed.
Also, road overbridges will be built, which will be RCC box type. RUB and LHS work will also be done. Station building will be built. Tunnel construction and track laying work will be done. This entire work will be done under the Sidhi-Singrauli New Rail Link Project.
The project is worth ₹1897 crore
Financial bids were opened on 11 February 2026. After this, GR Infraprojects was declared the lowest bidder i.e. L1 for this project. The total value of this project is ₹1,897.51 crore. The company has to complete it within 900 days from the date of the order.
GR Infraprojects is also paying dividend
The board of GR Infraprojects on February 16 approved an interim dividend of ₹2.5 per share of ₹5 face value for FY26. Its record date has been fixed as 19 February.
In the February 13 meeting, the board also proposed to sell the entire stake in its two subsidiaries – GR Ena Kim Expressway Private Ltd and GR Ujjain Badnawar Highway Private Ltd. This is subject to shareholders’ approval.
GR Infraprojects shares
Shares of GR Infraprojects closed 0.39 per cent lower at ₹975.65 on the BSE on Tuesday. The stock is up 7.62% in 1 month. However, it has fallen 22.47% in 6 months. The market cap of the company is Rs 9.47 thousand crore.
Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.