BEL shares fell up to 2.3% to Rs 413 despite the defence PSU reporting a 5% year-on-year rise in Q4FY26 consolidated net profit to Rs 2,226 crore. Revenue from operations grew 11% to Rs 10,224 crore, supported by continued execution of defence projects and operational growth. Total income also increased around 11% to Rs 10,335 crore during the quarter.
Small & midcaps tumble! Hindustan Copper, Devyani, PI Industries, other stocks fall up to 7%
Smallcap and midcap stocks came under pressure on Wednesday as broader markets weakened amid a record low rupee, elevated bond yields, and cautious investor sentiment.