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Infratech Wins Two NHAI Road Projects | Karnataka Bank Partners Pine Labs for Pos Services | Top Buzzing Stocks Today
Thu, 23 Apr Pre-Open

Infratech Wins Two NHAI Road Projects | Karnataka Bank Partners Pine Labs for Pos Services | Top Buzzing Stocks TodayImage source: smagilov/www.istockphoto.com

Indian benchmark indices traded negative throughout the session and ultimately closed red.

Indian equity benchmarks indices, Sensex and Nifty50 snapped a three-day winning streak as IT stocks weighed. Global equities declined as the failed US-Iran talks stoked worries about a prolonged tension in West Asia.

At the closing bell on Wednesday, the BSE Sensex  closed lower by 756 points (down 0.9%)

Meanwhile, the NSE Nifty closed 198 points lower (down 0.8%)

HUL, NTPC, Eternal among the top gainers today.

HCL Tech, Infosys, TCS on the other hand, were among the top losers today.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

The BSE 150 Midcap index is trading 0.2% higher and the BSE 250 SmallCap index is trading 0.9% higher.

Sectoral indices were trading mixed on Wednesday with stocks in metal sector and power sector witnessed buying. Meanwhile, stocks in IT sector and services sector witnessed selling pressure.

Speaking of stock markets, Rahul Shah at Equitymaster says Tata Consultancy Services and Infosys are not seriously threatened by AI, as their strong business models still give them an edge.

The real issue is slower growth, not a weakening moat. Using the CAP concept by Michael Mauboussin, he explains that while profits remain stable, lack of growth may keep returns modest.

Watch to know more.

Top buzzing stocks today

CMPDI share price will be in focus today.

Shares of Central Mine Planning and Design Institute (CMPDI), a subsidiary of Coal India, came into focus after the company reported its Q4 FY26 results.

Revenue from operations rose 11.7% to Rs 8.27 billion (bn), compared to Rs 7.40 bn, while total expenses increased sharply by about 42% to Rs 5.89 bn from Rs 4.15 bn.

Nestle India share price will be in focus today.

Shares of Nestle India came into focus after the company reported its Q4 FY26 results.

In the March 2026 quarter, Nestle India reported a strong performance, with consolidated net profit rising 27.18% year-on-year to Rs 11.11 bn, compared to Rs 8.73 bn in the same period last year.

PNC Infratech Wins Two NHAI Road Projects

Shares of PNC Infratech came into focus after the company emerged as the first lowest (L1) bidder in tenders floated by the National Highways Authority of India (NHAI).

The project is worth Rs 34.83 billion (bn) and includes two highway construction contracts, each to be completed within two years. PNC Infratech has secured both projects under the NH-927 corridor in Uttar Pradesh on HAM mode.

The first project involves building a four-lane highway from Barabanki Design Chainage to Mustafabad (existing chainage Km 0.000 to Km 43.700), valued at Rs 17.28 bn. The second project covers the stretch from Mustafabad (Km 43.030) to Biswariya (Km 101.515), valued at Rs 17.55 bn.

PNC Infratech is an infrastructure company with capabilities across design, engineering, procurement, construction, and operations. It executes projects in highways, expressways, bridges, flyovers, airport runways, water supply, and industrial development through EPC, HAM, BOT, and annuity models.

Persistent Systems Q4FY26 Results

Shares of Persistent Systems came into focus after the company reported its Q4 FY26 results.

Persistent Systems reported a strong performance in Q4FY26, with net profit rising 33.7% year-on-year to Rs 5.29 bn, compared to Rs 3.96 bn in Q4FY25. On a sequential basis, profit increased 20.4%.

Revenue for the quarter grew 25% year-on-year to Rs 40.56 bn, and rose 7.3% quarter-on-quarter, indicating steady business momentum.

The company's board has also recommended a final dividend of Rs 18 per share.

Karnataka Bank Partners Pine Labs for Pos Services

Karnataka Bank has entered a partnership with Pine Labs to offer point-of-sale (PoS) solutions aimed at enhancing digital payment services for its customers.

Through this collaboration, the bank intends to strengthen digital adoption among retail and MSME clients by providing access to advanced and user-friendly PoS terminals. The partnership is aligned with its broader goal of becoming a digital-first bank.

The bank's management stated that the tie-up will help deliver next-generation payment solutions across its branch network nationwide, supporting seamless and efficient digital transactions for customers.

To know what's moving the Indian stock markets today, check out the most recent share market updates here

Read the latest Market Commentary


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