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PhysicsWallah shares rally over 17% after company reverses lending strategy, partners with NBFCs for student financing

2026-06-04T07:24:18Z

PhysicsWallah shares surged more than 17% in intraday trade on Thursday after the company announced a significant restructuring of its student lending strategy, a move aimed at reducing balance sheet exposure and mitigating credit-related risks.

As of 12:43 PM IST, shares of PhysicsWallah were trading near the day's high of ₹108.44 after opening at ₹91.00. The stock touched an intraday high of ₹108.44 against a previous close of ₹92.04, witnessing strong buying interest from investors. Trading volumes also remained exceptionally high, with more than 5.58 crore shares changing hands during the session.

The sharp rally came after the company informed exchanges that it is revising its lending business model despite recently announcing an equity infusion of approximately ₹120 crore into its wholly-owned subsidiary, FinZ Finance Private Limited.

Under the revised strategy, PhysicsWallah will no longer directly undertake lending exposure through FinZ Finance. Instead, the company has partnered with multiple regulated third-party non-banking financial companies (NBFCs) to cater to the financing needs of students enrolled on its platform.

The company stated that the decision effectively reverses its earlier approach and is designed to materially reduce balance sheet and credit-related risks. Going forward, PhysicsWallah will continue to operate as a technology platform that connects students with a curated network of regulated lending partners based on their academic journey and learning outcomes.

Management believes the new structure will enhance affordability and accessibility for students while creating a more scalable and robust ecosystem capable of deeper penetration across the education sector.

The future strategic direction of FinZ Finance will be determined in the coming months, subject to board approvals and applicable regulatory clearances.

Commenting on the development, PhysicsWallah Co-founder Prateek Maheshwari said the company received feedback from partners indicating that its core strengths lie in community building and its online education business, while lending activities are better managed by regulated financial institutions with established underwriting capabilities.

He added that prudent capital allocation and shareholder value remain top priorities for the company and that the decision reflects its fiduciary responsibility to reassess the earlier lending strategy in light of stakeholder feedback.

Jain Irrigation shares surge over 9% after commissioning large-scale biochar facility in Maharashtra

2026-06-04T05:47:22Z

Jain Irrigation Systems shares surged more than 9% in intraday trade on Thursday after the company announced the commissioning of a large-scale biochar production facility in Jalgaon, Maharashtra. The development is being viewed as a significant step in the company’s expansion into climate-smart agriculture, sustainable manufacturing, and engineered carbon removal solutions.

The company, widely recognized as the world's largest micro-irrigation systems provider, has commissioned a high-tech industrial-scale biochar facility with an annual production capacity of approximately 20,000 tonnes. Developed in collaboration with global experts and strategic partners, the project aims to support sustainable agricultural practices while contributing to carbon sequestration efforts.

According to the company, the Jalgaon facility is capable of processing more than 50 metric tonnes of agricultural and fruit-processing residues daily. Jain Irrigation stated that the plant is among the world's largest single-unit biochar reactors and is expected to play an important role in strengthening India’s position in the rapidly expanding global biochar and carbon removal industry.

Biochar, a carbon-rich material derived from biomass, is increasingly being adopted worldwide to improve soil health, enhance agricultural productivity, and remove carbon dioxide from the atmosphere. As governments and industries focus on scalable climate solutions, biochar technology has emerged as a promising tool in the fight against climate change.

The newly commissioned facility represents the first phase of Jain Irrigation’s broader biochar expansion strategy. The company revealed that additional biochar reactors are already under development, reflecting its long-term commitment to sustainable agriculture, circular economy practices, and environmental stewardship.

Investor sentiment remained positive following the announcement, driving strong buying interest in the stock. The project is expected to create new growth opportunities for Jain Irrigation by combining agricultural innovation with carbon removal technologies, two sectors attracting increasing global investment.

As of 11:14 AM, Jain Irrigation Systems shares were trading near the day’s high after touching an intraday high of ₹33.09. The stock opened at ₹29.62 against the previous close of ₹29.12 and traded within a range of ₹29.62 to ₹33.09 during the session. The counter witnessed robust market participation with a live trading volume of over 2.75 crore shares.

The stock has a 52-week low of ₹27.10 and a 52-week high of ₹66.45, highlighting the volatility seen over the past year. Market participants will continue to monitor the company’s progress in scaling its biochar operations and the potential impact on its long-term growth prospects.

JBM Auto shares surge overe 7% as Electric Bus registrations hit industry-leading 157 in May

2026-06-04T05:19:46Z

JBM Auto shares rallied more than 7% in intraday trade on Thursday after the company reinforced its dominant position in India’s electric bus market. The stock witnessed strong buying interest following the announcement that it recorded the highest electric bus registrations in the country during May 2026.

As of 10:42 AM, JBM Auto touched an intraday high of ₹718.60 against the previous close of ₹669.25, reflecting robust investor sentiment. The stock opened at ₹690.00 and traded between a low of ₹690.00 and a high of ₹718.60 during the session. The company's 52-week trading range stands between ₹477.00 and ₹790.00.

The rally came after JBM Auto reported 157 electric bus registrations in May 2026, the highest in the industry. The company said it retained its leadership position in the electric bus segment after emerging as the top player in FY26 and further expanding its market share.

According to the company, its market share in the electric bus segment surged to 49% in May 2026 from 33% in April 2026, highlighting strong execution capabilities and growing adoption of its electric mobility solutions across India.

JBM Auto also highlighted its manufacturing strength, noting that it operates the world’s largest dedicated integrated electric bus manufacturing facility outside China. Located in the National Capital Region (NCR), the facility has an annual production capacity of 20,000 buses.

The company’s electric buses have collectively covered more than 400 million e-kilometres, reflecting the scale and operational reliability of its electric mobility platform.

JBM Auto is engaged in the manufacturing and sale of sheet metal components, tools, dies and moulds, as well as buses. The company also generates revenue through the sale of spare parts, accessories and maintenance contracts related to its bus business.

Texmaco Rail shares rise over 3% after strategic partnership with Touax Group and TrinityRail

2026-06-04T05:09:33Z

Texmaco Rail & Engineering shares rose more than 3% in Thursday's trade after the company announced a landmark strategic partnership with Touax Group and TrinityRail Global, Inc. to establish Touax Texmaco Railcar Leasing Pvt. Ltd. (TTRL), a new platform aimed at transforming India's ₹3 lakh crore freight rail ecosystem.

The stock opened at ₹103.00 against its previous close of ₹102.85 and climbed to an intraday high of ₹106.98. As of 10:35 AM, the counter remained in focus with strong trading activity, while volume crossed 20.36 lakh shares.

The newly announced joint venture brings together three major players from India, Europe, and North America. Under the arrangement, TrinityRail, a subsidiary of Trinity Industries, Inc., will hold a 32% stake in the partnership. The venture has been designed to strengthen TTRL's position in India's rapidly growing freight rail market by combining Touax's railcar leasing expertise, TrinityRail's advanced rail technology capabilities, and Texmaco Rail's manufacturing strength and market presence.

According to the company, the partnership represents a significant step toward creating a globally benchmarked railcar leasing platform in India. The integrated platform will combine manufacturing, leasing, financing, and railcar technology under one ecosystem, enabling customers to access modern rolling stock solutions with improved operational efficiency.

Saroj Kumar Poddar, Chairman of Texmaco Rail & Engineering Limited, described the partnership as a defining moment for India's freight rail ecosystem. He said the collaboration leverages the complementary strengths of all three partners to build a scalable and resilient platform capable of supporting the country's growing freight transportation needs.

The venture is expected to introduce advanced wagon designs, improve asset utilization, reduce maintenance costs, and provide access to global capital and competitive financing solutions. Industry observers believe these advantages could help accelerate the modernization of India's freight rail infrastructure while improving the economics of rail transportation.

The announcement comes at a time when India is aiming to increase rail's share of freight movement from 27% to 45%, creating substantial demand for freight wagons and related services. The partners expect the platform to play an important role in supporting this transition through professional leasing solutions, lifecycle management expertise, and innovative railcar technologies.

Jean Savage, CEO and President of Trinity Industries, Inc., said India represents a compelling long-term opportunity for rail freight growth. She noted that TrinityRail will contribute advanced wagon designs, lease finance experience, and lifecycle management capabilities through the partnership with Texmaco and Touax.

The collaboration will also support domestic manufacturing through Texmaco's production network, aligning with the government's Atmanirbhar Bharat initiative and strengthening local value creation within the rail sector.

OLA Electric shares rally over 7% today

2026-06-03T08:35:35Z

OLA Electric Mobility shares witnessed strong buying interest on Tuesday, June 3, with the stock rallying more than 7% during afternoon trade. The sharp upmove came amid heavy trading activity, making the electric vehicle maker one of the most actively traded counters on the exchanges.

As of 2:02 PM IST, OLA Electric shares touched an intraday high of Rs 42.83, compared to the previous closing price of Rs 39.83. The stock opened the session at Rs 40.00 and moved higher throughout the day, reflecting positive investor sentiment.

The stock traded in a wide range during the session, hitting a low of Rs 38.08 before rebounding strongly to its day's peak. The surge was accompanied by significant market participation, with live trading volume crossing 15.90 crore shares, indicating heightened investor interest.

OLA Electric Share Price Performance

· Previous Close: Rs 39.83

· Open Price: Rs 40.00

· Day's Low: Rs 38.08

· Day's High: Rs 42.83

· 52-Week Low: Rs 22.25

· 52-Week High: Rs 71.25

· Live Volume: 15.90 Crore Shares

· Gain: Over 7% (as of 2:02 PM IST)

Despite today's rally, the stock remains significantly below its 52-week high of Rs 71.25. However, it has recovered substantially from its 52-week low of Rs 22.25, highlighting improved momentum in recent trading sessions.

Investors will continue to watch whether the stock can sustain its upward momentum in the coming sessions, especially as trading volumes remain elevated and sentiment toward electric mobility stocks evolves.

IT stocks crash on June 3: TCS slides over 7%, BSE IT Index falls more than 4%

2026-06-03T05:37:21Z

Indian IT stocks witnessed notable selling pressure on June 3, 2026, contributing to weakness in broader market indices. The S&P BSE IT index fell 4.27% to 28,822.46, underperforming the BSE Sensex, which declined 1.15% to 73,791.83. The Nifty 50 dropped 1.02% to 23,242.95.

Stock Performance (as of ~10:50 AM IST on June 3, 2026)

Here are the key IT and related stocks with their price movements:

TCS: BSE ₹2,263.50 (-7.54%), NSE ₹2,266.00 (-7.39%)
Tech Mahindra: BSE ₹1,498.80 (-4.59%), NSE ₹1,501.90 (-4.42%)
HCL Technologies: BSE ₹1,199.10 (-3.59%), NSE ₹1,201.80 (-3.35%)
Infosys: BSE ₹1,229.00 (-3.29%), NSE ₹1,231.80 (-3.07%)
Mphasis: BSE ₹2,320.40 (-2.83%), NSE ₹2,325.10 (-2.62%)
Wipro: BSE ₹205.00 (-2.31%), NSE ₹206.06 (-1.80%)
Oracle Financial Services: BSE ₹10,224.80 (-1.13%), NSE ₹10,205.00 (-1.35%)
Info Edge: BSE ₹1,013.85 (-0.21%), NSE ₹1,010.85 (-0.48%)

These declines occurred amid mixed global cues and sector-specific pressures.

Broader Market Context

S&P BSE Sensex: Down 1.15%
Nifty 50: Down 1.02%
BSE IT Index: Down 4.27%

The IT sector emerged as one of the weaker performers on the day, with several frontline stocks recording losses exceeding 3-7%.

This article is based on the provided price data from June 3, 2026, and publicly available market updates. Stock prices are volatile and subject to change. Investors should consult latest exchange data and professional advice for investment decisions.

Zydus Lifesciences shares fall over 2% after USFDA issues warning letter for Baddi facility

2026-06-03T05:18:45Z

Zydus Lifesciences shares declined more than 2% in morning trade on June 3 after the company informed exchanges that it had received a Warning Letter from the United States Food and Drug Administration (USFDA) concerning its formulation manufacturing facility located in Baddi, Himachal Pradesh.

At 10:43 AM, the stock was trading under pressure as investors reacted to the regulatory development. The company clarified that the Warning Letter was issued following a request for records under Section 704(a)(4) of the Federal Food, Drug, and Cosmetic Act and was not linked to any recent on-site inspection conducted by the USFDA.

According to the filing, the regulator’s observations relate to the use of purified talc that did not meet the current United States Pharmacopeia (USP) requirements. Zydus stated that the observations were identified through a review of records submitted to the USFDA and are technical in nature.

The pharmaceutical company emphasized that the Warning Letter is not expected to have any material impact on operations at the Baddi facility. Manufacturing activities continue as normal, and there has been no disruption to customer supplies or product distribution from the site.

The Baddi manufacturing facility was last inspected by the USFDA in August 2025. Following that inspection, the company received an Establishment Inspection Report (EIR) in October 2025, and the facility was classified under the Voluntary Action Indicated (VAI) category. This classification generally indicates that while certain observations were made during the inspection, they did not require immediate regulatory enforcement action.

Zydus Lifesciences further stated that it is committed to addressing the observations highlighted in the Warning Letter and will continue to work closely with the USFDA. The company plans to complete the necessary remediation measures and submit a detailed response within the timelines prescribed by the regulator.

Despite the company's assurance that operations remain unaffected, investors remained cautious, leading to selling pressure in the stock during the session.

Zydus Lifesciences Share Price Performance

As of 10:43 AM, Zydus Lifesciences shares were trading over 2% lower. Key trading data for the session is as follows:

Open Price: Rs 1,078.10
Previous Close: Rs 1,078.30
Day's High: Rs 1,091.10
Day's Low: Rs 1,048.90
52-Week High: Rs 1,115.50
52-Week Low: Rs 835.50
Live Volume: 5,40,344 shares

Market participants will closely monitor the company's response to the USFDA and any further regulatory developments related to the Baddi facility.

Here's why NHPC shares are up nearly 5% today

2026-06-03T04:59:14Z

NHPC shares gained nearly 5% in morning trade on June 3 after the government's Offer for Sale (OFS) attracted strong investor interest, prompting the Centre to exercise the entire green shoe option and increase the total stake sale size to 6%.

At 10:25 AM, NHPC shares were trading near the day's high after witnessing heavy buying activity. The stock touched an intraday high of ₹75.60 compared to the previous close of ₹72.29, reflecting robust investor sentiment toward the state-owned hydropower company.

The positive momentum came after the Department of Investment and Public Asset Management (DIPAM) confirmed that the OFS received an enthusiastic response from investors. DIPAM Secretary Arunish Chawla stated that share allocation would be carried out on a price-priority basis, while the government decided to exercise the full green shoe option due to overwhelming demand.

The government had initially launched the OFS with a base issue size of 3%, along with an option to sell an additional 3% stake through the green shoe mechanism. The floor price for the OFS was fixed at ₹71 per share, offering investors a discount compared to the prevailing market price.

Market participants highlighted several indicators pointing toward strong institutional interest in the OFS. One key indicator was the sharp rise in NHPC's Securities Lending and Borrowing Mechanism (SLBM) rate, which reportedly surged to around ₹3.5 per share ahead of the stake sale. Such movements are often viewed as a sign of heightened market activity surrounding major corporate events.

NHPC Share Price Performance (as of 10:25 AM, June 3)

Current Trend: Up nearly 5%
Day's Low: ₹71.82
Day's High: ₹75.60
Opening Price: ₹75.56
Previous Close: ₹72.29
52-Week Low: ₹71.62
52-Week High: ₹92.34
Live Volume: 8,56,91,030 shares

The sharp rise in trading volumes alongside the price rally indicates strong participation from both institutional and retail investors following the successful OFS subscription.

TCS shares jump over 6% today: Details here

2026-06-02T06:43:53Z

Shares of Tata Consultancy Services (TCS) witnessed strong buying interest during Tuesday's trading session, June 2, 2026, with the stock surging more than 6% intraday.

As of 12:00 PM IST, TCS shares touched an intraday high of ₹2,451.00, compared to the previous closing price of ₹2,297.40. The stock opened at ₹2,320.00 and remained firmly in positive territory throughout the morning trade.

The rally pushed the stock close to its day's peak, while trading activity remained robust. Live volume stood at 64.91 lakh shares by noon, indicating heightened investor participation in the counter.

During the session, the stock traded in a range of ₹2,320.00 to ₹2,451.00. Despite the sharp recovery, TCS remains below its 52-week high of ₹3,538.00. The stock's 52-week low stands at ₹2,206.40.

Based on the day's high of ₹2,451.00 and the previous close of ₹2,297.40, TCS gained approximately 6.69% during intraday trade.

TCS Share Price Snapshot (As of 12:00 PM IST)

· Previous Close: ₹2,297.40

· Open: ₹2,320.00

· Day's Low: ₹2,320.00

· Day's High: ₹2,451.00

· Intraday Gain: 6.69%

· 52-Week Low: ₹2,206.40

· 52-Week High: ₹3,538.00

· Live Volume: 64,91,266 Shares

TCS is one of India's largest information technology services companies and is closely tracked by investors for its impact on the broader IT sector and benchmark indices. Market participants will continue to monitor the stock's movement through the remainder of the trading session to assess whether the momentum sustains.

Infosys shares rally over 5% today: Details here

2026-06-02T05:35:02Z

Infosys shares witnessed strong buying interest on Tuesday, June 2, 2026, with the stock rallying more than 5% during morning trade. The sharp gain came amid robust market participation, making the IT major one of the notable movers in the session.

As of 11:00 AM IST, Infosys shares touched an intraday high of ₹1,274.50, compared to the previous closing price of ₹1,202.50. Based on the previous close, the stock gained approximately 5.99% during the session.

The stock opened at ₹1,232.50 and also marked its intraday low at the same level before extending gains through the morning trade. The strong upward movement was accompanied by heavy trading activity, with over 1.64 crore shares changing hands by 11:00 AM.

Despite the recent recovery, Infosys remains below its 52-week high of ₹1,728.00. However, the stock has moved significantly higher from its 52-week low of ₹1,089.00.

Infosys Share Price Snapshot (As of 11:00 AM IST)

Infosys shares opened at ₹1,232.50 and surged to an intraday high of ₹1,274.50. The stock's previous close stood at ₹1,202.50, while the day's low remained at ₹1,232.50. Trading activity remained strong, with a live volume of 1,64,46,069 shares. The stock's 52-week range currently stands between ₹1,089.00 and ₹1,728.00.

DEE Development Engineers shares jump over 2%, hit fresh 52-week high after securing Rs 206.55 crore order

2026-06-02T05:14:15Z

DEE Development Engineers shares gained more than 2% in early trade on Tuesday after the company announced that it had secured new contracts worth ₹206.55 crore (excluding GST) from a public sector Maharatna EPC conglomerate operating in India's power sector.

As of 10:39 AM, the stock touched an intraday high of ₹636, marking a fresh 52-week high, compared to its previous close of ₹623.05. The stock opened at ₹651.80 and traded in a range of ₹626 to ₹636 during the session. Live trading volume stood at 2.42 lakh shares.

DEE Development Engineers Bags ₹206.55 Crore Order

According to an exchange filing, the company has received a Letter of Intent (LoI) for the manufacturing and supply of Critical Piping Assembly, including the Main Steam Package and Hot Reheat System. These are crucial components used in thermal power generation projects.

The customer has not been identified due to commercial confidentiality obligations.

Project Scope and Execution Timeline

The contract has been awarded by a domestic entity and involves the supply of critical piping systems for multiple power generation units.

Under the order terms, execution timelines vary across the projects. Two units are expected to be completed within 6 to 12 months from the date of the purchase order, while the remaining two units are scheduled for execution within 2 to 15 months from the purchase order date.

The order strengthens DEE Development Engineers' presence in the power infrastructure segment and adds to its order book in a sector witnessing continued investment in generation capacity and related equipment.

DEE Development Engineers Share Price Performance

Investor sentiment remained positive following the order announcement, pushing the stock to a new 52-week high during the trading session.

DEE Development Engineers Share Price Snapshot (10:39 AM):

Previous Close: ₹623.05
Open: ₹651.80
Day's Low: ₹626.00
Day's High: ₹636.00
52-Week Low: ₹183.00
52-Week High: ₹636.00
Volume: 2,42,194 shares

Market participants will continue to monitor execution progress of the newly secured contracts and further order inflows from the power sector.

Transrail Lighting share price rises over 2% after bagging new orders worth Rs 575 crore

2026-06-02T05:05:52Z

Transrail Lighting shares gained more than 2% in early trade on Tuesday, June 2, after the company announced fresh order wins worth ₹575 crore across its key business segments.

The company secured the new contracts primarily in its Power Transmission & Distribution (T&D) business, while also receiving orders in its Civil and Pole businesses. The development is expected to further strengthen its order book and support future growth visibility.

At around 10:30 AM, Transrail Lighting shares were trading near the day's high after touching an intraday high of ₹496.70 against the previous close of ₹485.05 on the NSE. The stock opened at ₹490.35 and hit a low of ₹489.00 during the session. Trading activity remained strong, with over 4.57 lakh shares changing hands.

Key Highlights of the New Orders

According to the company's filing, the newly secured orders include:

Construction of a 500 kV High Voltage Direct Current (HVDC) transmission line for a marquee customer.
Product supply orders from international markets.
A specialised civil construction project.
Pole supply contracts.

The company said these orders reinforce its diversified business model and execution capabilities across multiple infrastructure segments.

Transrail Lighting Share Price Performance

Despite the recent gain, the stock remains below its 52-week high of ₹855.80. Transrail Lighting has a 52-week low of ₹450.05. Investors will continue to monitor the company's order inflow, project execution, and margin performance in the coming quarters as key drivers of stock performance.

Tilaknagar Industries shares fall over 3% on Q4 results

2026-06-01T06:26:51Z

Tilaknagar Industries shares fell more than 3% after the company reported a consolidated net loss for the fourth quarter of FY26, despite delivering strong growth in revenue and operating profit.

For the quarter ended March 2026, the company reported consolidated revenue of Rs 2,090 crore, compared with Rs 859 crore in the corresponding quarter of the previous year, reflecting robust business growth.

Operating performance also improved significantly. EBITDA surged 96.9% year-on-year to Rs 155 crore from Rs 78.5 crore reported in the year-ago period. However, EBITDA margin declined to 7.4% from 9.1%, indicating that profitability remained under pressure despite higher sales volumes.

The company reported a consolidated net loss of Rs 14.9 crore for the quarter, compared with a net profit of Rs 77.4 crore in the same period last year. Management attributed the weak bottom-line performance to a one-time loss of Rs 63 crore during the quarter.

Tilaknagar Industries Share Price Performance

As of 11:51 AM IST, Tilaknagar Industries shares were down over 3% during the trading session.

The stock touched an intraday high of Rs 456.00 and a low of Rs 425.05. The stock opened at Rs 456.00 against the previous closing price of Rs 455.35. Trading activity remained active, with a live volume of 9.30 lakh shares.

On a broader basis, the stock has recorded a 52-week high of Rs 549.70 and a 52-week low of Rs 337.00.

EMS shares fall over 9% today after Q4 revenue falls 55.4% YoY, net profit down 88%

2026-06-01T05:37:20Z

EMS Limited shares declined more than 9% in early trade on June 1, 2026, after the company reported a sharp year-on-year decline in its fourth-quarter earnings. Weak revenue growth, lower operating profitability, and a steep drop in net profit weighed on investor sentiment, pushing the stock lower during the morning session.

As of 10:53 AM, EMS shares were trading near the day's low after witnessing significant selling pressure following the earnings announcement.

EMS Q4 Results

For the quarter ended March 2026, EMS reported consolidated revenue of Rs 120.5 crore, down 55.4% from Rs 269.8 crore reported in the corresponding quarter last year.

The company's operating performance also weakened considerably. EBITDA stood at Rs 18.3 crore, registering a decline of 71.8% compared to Rs 64.8 crore in the year-ago period.

EBITDA margin contracted sharply to 15.2% from 24.0%, indicating pressure on operational efficiency and profitability.

Net profit for the quarter came in at Rs 5.6 crore, marking a steep decline of 88.0% from Rs 46.6 crore reported in the same quarter of the previous financial year.

Stock Performance

The weak quarterly performance triggered a sharp reaction in the stock market.

EMS shares touched an intraday low of Rs 290.65, while the day's high stood at Rs 303.45. The stock opened at Rs 296.05 against its previous closing price of Rs 326.10.

The counter witnessed strong trading activity with a live volume of 4.37 lakh shares as of 10:53 AM.

Despite the recent correction, the stock remains above its 52-week low of Rs 256.05. However, it has fallen significantly from its 52-week high of Rs 655.00, reflecting the broader weakness seen in the stock over the past several months.

Antony Waste shares fall over 2% despite revenue growth; Q4 Profit declines 19% YoY

2026-06-01T05:13:15Z

Antony Waste Handling Cell Ltd shares fell sharply by over 2% in early trade on June 1 after the company reported a mixed set of earnings for the fourth quarter. While revenue and EBITDA registered year-on-year growth, a decline in net profit and margin contraction weighed on investor sentiment.

As of 10:37 AM IST, Antony Waste shares were trading near the day's low after witnessing selling pressure following the earnings announcement.

Antony Waste Q4 Results

For the quarter ended March 2026, Antony Waste reported revenue of Rs 286 crore, marking a 17.8% increase from Rs 243 crore reported in the corresponding quarter of the previous year.

The company's EBITDA rose 11.4% YoY to Rs 56.9 crore, compared to Rs 51.1 crore in the year-ago period. However, EBITDA margin declined to 19.9% from 21.1%, indicating pressure on operating profitability despite higher revenue.

Net profit came in at Rs 32.5 crore, down 18.7% from Rs 40 crore reported in the same quarter last year, which appears to have disappointed investors.

Share Price Performance

Antony Waste shares remained under pressure during the morning session following the earnings announcement.

Previous Close: Rs 467.85
Open Price: Rs 458.00
Day's High: Rs 470.60
Day's Low: Rs 454.00
52-Week High: Rs 693.00
52-Week Low: Rs 372.50

The stock traded close to its intraday low, reflecting cautious investor sentiment despite the company's double-digit revenue growth.

Why Are Antony Waste Shares Falling?

The decline in Antony Waste shares appears to be driven by a sharp drop in quarterly profitability. Although revenue and operating earnings improved, investors focused on the 18.7% fall in net profit and the decline in EBITDA margin. Margin compression often raises concerns about rising costs and the sustainability of earnings growth, leading to a negative market reaction.