by Hansraj Agrawal | Mar 26, 2026 | Share Market
Last Updated : Mar 26 2026 | 2:31 PM IST
Defrail Technologies has secured a fresh order from Indian Railways – North Eastern Railway, reinforcing its presence in the railway components segment.
The company said it has received a purchase order for the supply of air brake hose coupling systems used in brake and feed pipes of trains. The contract, valued at around Rs 1.48 crore, is domestic in nature and not a related party transaction.
Defrail Technologies is engaged in the manufacturing of rubber parts and components, including rubber hoses and assemblies, rubber profiles and beadings, and rubber moulded parts. Its products have diverse applications across various industries such as automotive, railways, and defence. The company assists clients in selecting the appropriate products for their specific applications and also provides design and customization options based on the intended use. As of 30 November 2025, the company had a total workforce of 298 individuals, including workers.
The company recorded revenue from operations of Rs 39.08 crore and net profit of Rs 1.51 crore for the period ended 30 September 2025.
The stock was listed on the BSE on 19 January 2026 at Rs 95, reflecting a premium of 28.38% over its IPO price of Rs 74.
The stock rose 1.69% to settle at Rs 84 on Wednesday, 25 March 2026.
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First Published: Mar 26 2026 | 2:31 PM IST
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by Hansraj Agrawal | Mar 26, 2026 | Share Market
Last Updated : Mar 26 2026 | 2:04 PM IST
Pace Digitek has received a letter of acceptance (LoA) from North Western Railway for a contract valued at Rs 22.64 crore.
The contract pertains to the provision of lattice towers in connection with UHF/LTE and KAVACH work over balance routes of the Jodhpur division of North Western Railway, covering a length of 996.24 km.
The project has been awarded by a domestic entity and is to be executed within 18 months from the date of issuance of the LoA.
Pace Digitek provides solutions for telecom infrastructure and solar industries. It is involved in the manufacturing, installation, and commissioning of DC power systems, lithium batteries, monitoring systems, and inverters. The company reported a rise in consolidated net profit of 8.1% year-on-year to Rs 75.84 crore on a 13.5% increase in revenue from operations to Rs 643.97 crore in Q3 FY26 over Q3 FY25.
The counter rose 0.48% to end at Rs 156.45 on the BSE. The stock market will remain shut today on account of Shri Ram Navami.
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First Published: Mar 26 2026 | 2:04 PM IST
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by Hansraj Agrawal | Mar 26, 2026 | Share Market
Last Updated : Mar 26 2026 | 1:50 PM IST
Bharat Dynamics has successfully completed First-off Production Model (FOPM) of Advanced Akash Weapon System, with upgraded sub-systems thereby enhancing the performance and bolstering combat capability of the Indian Armed Forces.
The system demonstrated high precision against diverse aerial threats. This once again showcases BDL prowess to deliver complex systems for the Armed Forces.
This shall pave way for commencement of the delivery of this Advanced Akash Weapons Systems to the Indian armed forces shortly.
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First Published: Mar 26 2026 | 1:50 PM IST
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by Hansraj Agrawal | Mar 26, 2026 | Share Market
Magellanic Cloud’s wholly owned subsidiary, Provigil Surveillance, has received a letter of acceptance (LoA) from Central Railway, Bhusawal Division, for a contract valued at approximately Rs 2 crore.
The contract involves the provision of a CCTV surveillance system, including the supply, installation, testing, commissioning, and maintenance of cameras mounted on metallic poles, with video data stored in network video recorders (NVRs) installed at LC gate buildings. Each station and LC gate will have independent systems, along with a centralized command and control center at Bhusawal for monitoring and operations.
The system will also be equipped with AI-based features for enhanced surveillance capabilities. The contract has been awarded by a domestic entity and is to be executed within a period of 6 months.
Magellanic Cloud specializes in offering services pertaining to software development, digital transformation, generative artificial intelligence (GenAI), the internet of things (IoT), e-surveillance, and advanced drone-based applications. The company’s consolidated net profit declined 2% to Rs 28.63 crore on an 8.3% increase in revenue to Rs 163.93 crore in Q3 FY26 as compared with Q3 FY25.
The counter advanced 1.85% to end at Rs 21.52 on the BSE. The stock market will remain shut today on account of Shri Ram Navami.
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by Hansraj Agrawal | Mar 26, 2026 | Share Market
Last Updated : Mar 26 2026 | 1:16 PM IST
Concord Control Systems through its wholly owned subsidiary Advanced Rail Controls, has secured a significant order worth Rs 84.68 crore from Indian Railways.
The contract entails the supply, installation, and commissioning of Loco Wireless Control Systems, a critical technology aimed at enhancing operational efficiency, safety, and remote control capabilities in railway operations. The project is expected to be executed within a period of 18 months.
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First Published: Mar 26 2026 | 1:16 PM IST
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by Hansraj Agrawal | Mar 26, 2026 | Share Market
Last Updated : Mar 26 2026 | 12:50 PM IST
IndusInd Bank today announced the launch of Capital Gains Account Scheme (CGAS), under which customers can park long-term capital gains until reinvestment, and avail tax exemptions in accordance with the provisions of Income-tax Act, 1961.
The scheme provides a secure and compliant facility for holding unutilised capital gains, allowing customers to make well-informed reinvestment decisions, within prescribed statutory timelines. The launch follows the authorisation granted by the Central Board of Direct Taxes (CBDT) permitting IndusInd Bank to accept deposits under the Capital Gains Account Scheme, 1988.
Under the scheme, the Bank will accept deposits of unutilised proceeds arising from the sale of eligible capital assets, including residential properties, flats, farmhouses, agricultural land, urban land, and land in Special Economic Zones (SEZs).
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First Published: Mar 26 2026 | 12:50 PM IST
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