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IRIS Business share price: IRIS Business Services has collaborated with the Department of Industries, Trade & Commerce, Government of Goa, in a Public-Private Partnership (PPP) to provide data-driven technology solutions for small and medium enterprises. The initiative aims to improve MSME credit access and simplify compliance management, according to the company s filing with the exchange.

ICICI Securities maintains a Reduce call on Glenmark Pharmaceuticals with a target price of Rs 1,265. The current market price is Rs 1365.9. Glenmark’s US prospects may improve from H2FY26. The company plans product launches and strategic initiatives to address supply and financial challenges in the coming years. They report a net profit of Rs 348.

Promoters are buying large amounts of their own company’s stocks amid significant market declines, suggesting potential long-term value. February alone saw over Rs 4,000 crore worth of purchases, led by firms like Sobha Ltd and Bajaj Healthcare, indicating insider confidence during the downturn.

JBM Auto shares fell to an intraday low of Rs 618.60 on the BSE amid heavy trading, following a 14% surge earlier. The company secured a tender for 1,021 electric buses worth Rs 5,500 crore under the PM-eBus Sewa Scheme. The project includes deployment across 19 cities and aims to support India s e-mobility revolution.

On February 19, four NSE large-cap stocks showed RSI trending up, signaling potential uptrends: ICICI Bank, Zomato, Divi’s Labs, Axis Bank. Rising RSI above 50 suggests strengthening momentum and buying opportunities.

Gujarat Toolroom s shares dropped 5% to Rs 2.34 on the BSE after reporting a sharp 90% YoY decline in Q3FY25 net profit to Rs 1.43 crore, compared to Rs 14.32 crore in the previous year. Despite this, revenue surged by 76% YoY to Rs 230.74 crore. The company also approved a 5:1 bonus share issuance.

HDFC Securities recommends buying Somany Ceramics, lowering the target price to Rs 660. Somany Ceramics, a small-cap company in the building materials sector, showed mixed financial results for Q3, 2024. Despite weak demand, the company foresees volume growth in FY25 and FY26, with its new tile plant in Gujarat supporting future expansion. Promoters hold a 55.01% stake.

Following the news, VST Industries shares fell 4% to day s low of Rs 287.20, Godfrey Phillips stock fell about 4% while ITC fell over 2% to fall below the Rs 400-mark.

Axis Securities recommends buying shares of Genus Power Infrastructures with a revised target price of Rs 380. Genus Power reported a total income of Rs 617.06 crore for the quarter ended December 2024, showing significant growth. The company is expanding its capacity and expects to maintain a strong financial performance in the coming years.