The GIFT Nifty indicates that the domestic indices will open on a lower note. Here are updates on all the stocks that made headlines ahead of the budget. You can check these stocks to stay informed about all key developments.
Earlier on Thursday, the NSE Nifty 50 closed the session 146 points or 0.57% lower at 25,807, while the BSE Sensex dropped 558 points or 0.66% to close at 83,675.
Stocks to watch, February 12, 2026
Coal India
Coal India, which accounts for 80% of domestic coal output, logged a consolidated net profit of Rs 8,505.57 crore in the year-ago period. The Maharatna firm said that its sales dropped to Rs 30,818.17 crore from Rs 32,358.98 crore in the corresponding quarter of the previous fiscal.
The consolidated expenses of the company during the reporting third quarter increased to Rs 28,132 crore compared to Rs 27,280 crore in the year-ago period, CIL said. The board of directors has declared a third interim dividend of Rs 5.50 per equity share for the financial year 2025-26.
ADRs of tech stocks
Indian IT stocks’ American Depository Receipts (ADRs) fell overnight on the New York Stock Exchange. Infosys ADRs tumbled 10% to close at $14.21, while Wipro slumped 5%. The software, tech, and IT stocks across the globe are falling as investors believe AI disruption will uproot the traditional IT business of outsourcing software services.
ONGC
Oil and Natural Gas Corporation (ONGC) consolidated net profit rose 22.6% YoY to Rs 11,946 crore in Q3FY26. The firm’s revenue from operations in Q3 remained flat from last year at Rs 1.67 trillion. ONGC’s board of directors declared second interim dividend of Rs 6.25 per equity. The total payout would be Rs 7,863 crore for the dividend. The record date for distribution of dividend has been fixed for February 18, 2026.
Indian Hotels
The Indian Hotels Company on Thursday reported a 50.86% growth in consolidated net profit at Rs 954.24 crores during the third quarter ending December 31, 2025, compared to the same period of the previous financial year. The company’s net profit stood at Rs 632.53 crores during the corresponding period of the previous fiscal, IHCL said in a statement.
The net profit was driven by the exceptional items, which mainly include profit on the sale of the entire equity stake in a joint venture company with the GVK group at Rs 327 crores.
Hindustan Unilever
Hindustan Unilever (HUL) sees a virtuous cycle of growth kicking in for the sector in FY27 after a challenging FY26, marked by GST-led trade disruptions, volatile commodity costs and urban slowdown woes. On Thursday, HUL’s CEO and managing director Priya Nair signalled that consumer sentiment and demand were finally improving in both urban and rural areas, with the company prioritising volume-led revenue growth in FY27, as GST-led price changes stabilise in the market. Margins are expected to be in the range of 22-23% in FY27.
Hindalco Industries
Hindalco Industries reported 45% decline annually in net profit for the fiscal third quarter at Rs 2,049 crore as compared to Rs 3,735 crore at the end of Q3FY25, lagging Bloomberg estimates of Rs 4,141 crore. The aluminium and copper major’s revenue from operations jumped to Rs 66,521 crore in the December quarter, up 13.9% annually from Rs 58,390 crore in the same quarter last year. The company’s revenue from operations was also marginally behind street estimates of Rs 64,581 crore.
Honasa Consumer
Honasa Consumer, the parent of beauty and personal care brand Mamaearth, nearly doubled its net profit to Rs 50 crore in the December quarter, compared to Rs 26 crore in the year-ago period. Revenue from operations rose 16% YoY to Rs 602 crore, while total expenses rose only 8% in the quarter. The company said it took a Rs 28 crore hit to revenue due to a change in settlement by Flipkart — where logistics and fulfilment costs are now adjusted in revenue reporting — though this had no impact on the bottom line.
Bharat Forge
Bharat Forge reported a 28% YoY increase in consolidated net profit to Rs 272.80 crore for Q3FY26. Revenue also rose by 24.9% to Rs 4,342.93 crore. However, the firm’s standalone profit declined 17% YoY to Rs 288.1 crore, primarily due to provisions related to the new labour code and rising tariff costs. Standalone revenue fell by 0.6% to Rs 2,083.7 crore. The quarterly performance was affected by de-stocking in the North American commercial vehicle (CV) market.
Dabur India
Dabur India held the groundbreaking ceremony of its new fast-moving consumer goods manufacturing facility at Tindivanam in Tamil Nadu. The company held a groundbreaking ceremony today in Tindivanam, Tamil Nadu.
The Rs 400 crore facility will be established in two phases. In the first phase, the factory will produce toothpaste, honey, rosewater, and air fresheners with an installed capacity of around 11,000 MT, and in the second phase, it will focus on the food and beverage portfolio, the company said in a statement.
IRCTC
Indian Railway Catering and Tourism Corporation (IRCTC) reported a 15.6% YoY increase in net profit for the third quarter, posting Rs 394.3 crore compared with Rs 341 crore in the same period last year. Revenue for the quarter rose 18.4% YoY to Rs 1,449.4 crore from Rs 1,224.6 crore in Q3 FY25.
Lupin
Lupin reported a consolidated net profit of Rs 1,175.6 crore in Q3 FY26, down sequentially from Q2 FY26 but up 37.5% compared to Q3 FY25. Consolidated revenue from operations stood at Rs 7,167.5 crore, up 1.7% quarter-on-quarter and 24.3% YoY. Exceptional items during the quarter included a provision of Rs 449.4 crore for antitrust litigations and Rs 134.8 crore toward a settlement with Astellas.
Biocon
Biocon reported a mixed performance for Q3FY26, with revenue and operating profit missing street estimates even as net profit rose YoY on a low base. Net profit came in at Rs 143.8 crore, but was sharply higher than Rs 25.1 crore reported in the year-ago quarter. The company recorded a one-time exceptional loss of Rs 293.4 crore during the quarter. Its revenue stood at Rs 4,173 crore, missing the estimate of Rs 4,556.2 crore, though it grew 9.2% from ₹3,821 crore a year earlier.