Indian equities saw stock-specific action dominate the tape as corporate disclosures, earnings momentum, and volume-led moves shaped sentiment.
PNB Housing Finance Ltd disclosed detection of a ₹237.43 crore fraud involving M/s Sarv Realtors Pvt. Ltd. The company has reported the matter to the National Housing Bank and initiated legal proceedings. Management clarified that the account was already written off in FY23, and therefore the development has no material impact on current financials, limiting balance-sheet risk.
On the earnings front, Waaree Energies Ltd posted a standout Q3 FY26 performance, underpinned by sharp execution and capacity ramp-ups. Revenue from operations surged 118.8% YoY to ₹7,565 crore, while PAT rose 118.4% YoY to ₹1,106 crore. Operating EBITDA jumped 167.2% YoY to ₹1,928 crore, with margins expanding to 25.5%, tracking ahead of full-year guidance. The company’s order book remains robust at ~₹60,000 crore, supported by aggressive capacity expansion across modules, cells, inverters, transformers, and BESS, alongside planned capex exceeding ₹25,000 crore.
Market Movers & Price Action
Aditya Birla Sun Life Gold ETF – Growth and Aditya Birla Sun Life Silver ETF touched fresh 52-week highs, reflecting continued strength in precious metals.
Aditya Birla Sun Life CRISIL Liquid Overnight ETF marked a 52-week low, indicating muted movement in low-duration debt instruments.
ADSL, Virinchi Ltd, Virtual Galaxy Infotech Ltd, and Visagar Polytex Ltd registered new 52-week lows, highlighting sustained pressure in select small-cap names.
Visaman Global Sales Ltd hit a fresh 52-week high, extending its upward momentum.
High-Volume Stocks to Watch
PTC India Financial Services Ltd and Shoppers Stop Ltd saw heavy volumes accompanied by price declines, signalling cautious sentiment.
Restaurant Brands Asia Ltd recorded strong volumes with a price rise, pointing to near-term momentum.
SBI ETF IT also traded with elevated volumes on the downside.
Overall, the session underscored a stock-specific market, where earnings visibility, balance-sheet clarity, and volume signals continue to drive investor positioning.
