Market Commentary - Stock Alert
Safety Controls & Devices Limited received a Letter of Intent/Letter of Award from U.P. Power Transmission Corporation Limited (UPPTCL) on October 21, 2026, for a Rs 10.157 crore turnkey contract. The project, at the Kanpur Road substation in Lucknow, involves a 220kV and 33kV GIS Bay, including a 60MVA power transformer, increasing capacity to 4x60MVA. No related parties have an interest in UPPTCL.
Nectar Lifescience Ltd’s share price fell 4.94% to Rs 10.78 after Q2FY26 net profit decreased by 77.33% to Rs 15.4 crore, with flat revenue of Rs 0.01 crore. Year-on-year, PBT plunged 61.79% to Rs 24.3 crore, while EBITDA expanded 2502.59% to Rs 30 crore. The stock has declined 14.80% in the last year.
Shayona Engineering Limited received two purchase orders, SEL-16 and SEL-17, totaling Rs 4,96,78,000 inclusive of 18% GST, from a domestic customer. The orders, valued at Rs 1,19,18,000 and Rs 3,77,60,000 respectively, are for HDPE Pipe Components and Packing Materials, with delivery in Silvassa, Dadra and Nagar Haveli, within one month. The customer’s identity is confidential.
Tinna Rubber & Infrastructure Ltd’s share price fell to Rs 875.55 as Q3FY26 net profit decreased 17.16% to Rs 17.04 crore, with revenue up 0.26% to Rs 156.59 crore. Year-on-year, profit before tax rose 43.42% to Rs 23.42 crore, while the stock has declined 20.30% over one month.
KEI Industries’ share price fell 0.58% to Rs 4445.0 after Q3 FY26 net profit decreased 4.26% to Rs 262.45 crore, despite an 18.56% revenue increase to Rs 3776.42 crore. Profit before tax rose 27.39% year-on-year to Rs 353.23 crore, while total expenses increased 21.73% to Rs 3430.47 crore.