Top Gainers

The Indian stock market rose on February 18, with key indices gaining for the third consecutive session, led by metal, PSU, and FMCG stocks. The Nifty closed 0.35% higher, while the Sensex gained 0.33%. Broader markets also showed positive momentum, despite a decline in tech stocks.

PSU banking stocks surged for the third consecutive session, with the Nifty PSU Bank index reaching a record high of 9,647. All 12 index constituents gained, led by Punjab National Bank. Strong earnings and credit growth underpinned the rally despite earlier market concerns over borrowing plans.

Multibagger stock: Power Mech Projects shares rose 5.7% to ₹2,204 after securing multiple contracts worth ₹1,005 crore from Adani Power subsidiaries. The shares have remained under prolonged stress, finishing the last seven months in the red and losing a cumulative 38%.

Bharat Dynamics shares rose 1.5% to ₹1,280 on February 18, recovering from a sell-off earlier in the month. Analysts predict further gains, with a target of ₹1,340.

MIC Electronics share price surged as much as 5% to hit the upper price band of ₹44.17. At the same time, the BSE Sensex lost almost 300 points during intraday deals and was last trading with a minor cut of 25 points.

Ramco Systems share price surged 4.3% to ₹540.50 following the launch of Chia, an AI agent platform aimed at enhancing customer experience. The IT stock has staged a strong comeback this month, rallying 13.6% so far after remaining under pressure for the previous three months.

E2E Networks share price surged 20% after Nvidia announced a collaboration to enhance AI computing in India, suggesting strong future growth potential for localised cloud services.

The rally in cigarette stocks comes amid several reports that these companies have taken steep price hikes to offset the impact of the excise duty increase.

The Indian stock market gained on February 17, with the Nifty 50 up 0.17% and the Sensex up 0.19%. Strong performances from tech and FMCG stocks, notably Infosys and ITC, offset losses in the metal and realty sectors.

Multibagger stock: HFCL's stock rose 5% to ₹72.4 after securing ₹60.95 crore in orders for optical fiber cables. This follows another order win, reflecting strong order inflows and a 42.34% YoY profit growth despite pressure on shares since recent results.