IEX Market Coupling Case: Stock falls over 5% after APTEL dismisses plea against CERC

APTEL noted that if IEX has any fresh grievances with regards to the regulations, it can move a fresh plea to challenge them.

APTEL noted that if IEX has any fresh grievances with regards to the regulations, it can move a fresh plea to challenge them.

PI Industries’ EBITDA margin contracted to 21.97%, declining 496 basis points from 16.94% in the year-ago period. The Street had estimated a 140 basis point contraction.

The rupee depreciated 8 paise to 90.69 against the US dollar in early trade on Friday, pressured by the strengthening of the American currency and a negative trend in domestic equities.

Nato Pharma said the US Food and Drug Administration (USFDA) issued the seven observations after it inspected the active pharmaceutical ingredient (API) division unit in Manali, Chennai, from November 17 to November 21, 2025.

Engineers India Ltd shares rose 12% after net profit tripled to ₹347.2 crore and it secured a $360M Dangote order; 65% of new orders were overseas.

While, Nomura, Jefferies and CLSA are positive on the HAL stock, Morgan Stanley has an ‘underweight’ rating.

Muthoot Finance posted record AUM and profit for December quarter. Jefferies and CLSA remain positive, citing strong earnings, operating leverage and gold prices, but monitor gold tonnage trends.

The rise in net debt was attributed to higher working capital, debt restatement amid rupee depreciation, elevated capex and restoration expenses following the fire at the Oswego plant.

Morgan Stanley reiterates ‘Equal-weight’ on Lupin Limited after strong Q3FY26 led by US and emerging markets. Revenue rose 24% Year-on-Year, with highest-ever US sales and robust analyst sentiment.

Jefferies said that although Honasa’s journey has been bumpy, the company is steadily regaining momentum, which could help rebuild investor confidence.