Equity

Stock Alert

Stock Alert: Steel Str. Wheel, Shayona Eng., Goyal Associates, eMudhra, Swiggy
(26-Oct-2026, 08:30 Hours IST)  

Steel Strips Wheels Ltd’s share price fell to Rs 391.45 as Q3 FY26 net profit jumped 68.39% to Rs 116.95 crore, with revenue rising 27.82% to Rs 1929.92 crore. Profit before tax surged 225.23% year-on-year to Rs 156.34 crore. The stock has eased 6.32% and 35.73% over the past periods, rallying 74.87% in the last year.


Shayona Engineering Limited received a purchase order dated October 22, 2026, from an unnamed domestic customer for HDPE Pipe Components. The total consideration is Rs 23,60,429, including 18% GST. The order must be executed within one week and delivered in Vadodara, and does not involve related parties.


Goyal Associates Limited intends to raise up to Rs 7,000 crore via a rights issue of fully paid-up equity shares valued at Rs 1 each. The board filed a draft letter of offer with SEBI and appointed a Rights Issue Committee. Ajay Solanki will serve as interim CFO from October 25, 2026, replacing Munige Radhika, while Vuppala Naga Malleswara Rao resigned as Director, effective October 16, 2026.


eMudhra Ltd. received credit rating revisions from ICRA Limited on October 23, 2026, assigning [ICRA]A (Stable)/[ICRA]A1 to unallocated bank limits of Rs 35.00 crore. The rating applies to instruments regulated by financial sector authorities excluding SEBI, and full details are available on ICRA’s website at www.icra.in, following a review of the TLS certificate business.


Swiggy Ltd’s share price fell 2.78% to Rs 222.45. Q3 FY26 revenue from operations increased 11.14% to Rs 7571.0 crore, with net profit up 16.56% to Rs 922.0 crore. Total expenses rose 11.46% to Rs 8649.0 crore. Over the trailing twelve months, revenue jumped 51.40% to Rs 23053.0 crore.


Thursday, November 12, 2026 03:01:00 PM
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