BHEL Divestment Tops Agenda Amidst Positive Earnings
The government's plan to divest a 5% stake in Bharat Heavy Electricals Limited (BHEL) on February 11, 2026, is set to be a key market mover. The Department of Investment and Public Asset Management (DIPAM) Secretary confirmed the offer, which includes a base 3% equity sale and an additional 2% 'green shoe' option. This move could inject approximately ₹4,422 crore into government coffers if fully subscribed at the floor price.
Corporate Earnings Deliver Growth Impetus
Complementing the divestment news, robust third-quarter financial results are providing a significant tailwind. Titan Company Ltd. saw its consolidated net profit surge 61% year-over-year, driven by its jewelry segment's impressive 42% revenue growth amid strong festive demand. Britannia Industries Ltd. also posted a healthy 17.14% rise in net profit to ₹682.14 crore for Q3 FY26, with revenues climbing 8.21%. Eicher Motors Plc delivered strong numbers, with its consolidated net profit jumping 21% YoY to ₹1,420 crore on a 23% revenue increase. Grasim Industries Ltd. announced a 26.5% profit growth to ₹1,037 crore, backed by a 25.3% revenue climb.
Sector-Specific Developments Capture Attention
In the technology sector, Happiest Minds Technologies Ltd. reported a 19.56% year-over-year decline in net profit to ₹40.3 crore for Q3 FY26, primarily due to a one-time ₹22.03 crore charge related to new Labour Codes, although revenue still grew by 10.69%. The electric vehicle space saw news of the National Investment and Infrastructure Fund (NIIF) potentially selling up to 1.92% in Ather Energy through a block deal. Meanwhile, the telecom sector witnessed a shift in subscriber dynamics, with Bharti Airtel Ltd. reporting a net addition of 5.43 million users in December 2025, surpassing Reliance Jio's 2.96 million for the first time since January 2025. InterGlobe Aviation Ltd. also issued a statement confirming adequate pilot and crew resources to maintain stable operations following recent disruptions.