M&M-Embraer partnership, ABB India's Rs 29.59 dividend, & more - Groww Digest

Thursday, 19 February 2026

Markets opened above yesterday’s closing point.

All sectors’ stocks fell today. Realty stocks and media stocks fell the most.

There are only 4 stocks in the Nifty 50 that rose today. Hence, there are only 4 stocks in the ‘Top Gainers’ section.

Currency markets were closed today on account of Chhatrapati Shivaji Maharaj Jayanti.

Global markets: US markets and most Asian markets rose. European markets fell (as of 6 pm IST).

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News

• India and Israel have signed an MoU to expand defence ties between the countries.

• The RBI has mandated that all OTC derivatives trades must include a Unique Transaction ID (UTI) to improve transparency and traceability in the derivatives market.

• US exports rose 6.2% year-on-year in Dec while imports rose 4.8%. The trade deficit rose to $70.3 billion (vs $53 billion in Nov).

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Stocks Updates

• ABB India: net profit fell 18% year-on-year to Rs 433 crore in the Oct-Dec quarter. Dividend declared: Rs 29.59 per share.

• M&M: and Embraer plan to establish a C-390 Millennium aircraft MRO facility in India to support the Indian Air Force’s transport aircraft program.

• Dr Reddy’s: acquired the Progynova and Cyclo-Progynova brands for India from UK-based ‘Mercury Pharma’ for $32.15 million, strengthening its gynecology portfolio.

• Hindustan Unilever: approved an investment of up to Rs 2,000 crore over 2 years to expand manufacturing capacity in premium beauty & wellbeing and home care categories.

• Waaree Energies: clarified it had earlier approved expanding battery manufacturing to 20 GWh with Rs 8,000 crore investment and is in talks with Andhra Pradesh government, with no undisclosed price-sensitive information.

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Word of the Day

Dividend Yield

It shows how much a company pays out in dividends annually compared to the stock price

Investors use it to see how much cash income they earn from a stock compared to its price.

Dividend Yield = (Annual Dividend per Share ÷ Current Share Price) x 100

A consistently higher dividend yield over the years can indicate steady income. Although a higher dividend yield can also be due to falling share price.

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6 Day Course

Theme: mistakes made by experienced investors

Day 4: Thursday

Many investors tend to look for in-depth explanations for events in the markets.

Since they are looking for explanations, they often forget to account for the fact that not everything can be explained.

So whenever something happens, they come up with an explanation.

This explanation might not be 100% true or even partly true.

Then, they act based on this explanation. This often turns out to be a big mistake if the explanation ‘seems’ correct but in reality, is not correct.

This mistake goes hand in hand with another mistake called confirmation bias.

In confirmation bias, investors tend to believe something and look for information to prove it.

They do not look for information that disproves their belief.

This leads to biased decision making.

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Featured Question

Q. “If I purchase NCD from market at 20% discount on original issue price in that case shall I get interest amount on the basis of original NCD price or discounted price and period will be calculated from date of purchase upto date of that quarter/year of type of NCD.Please clarify.”

NCDs are a type of bond.

When you buy a bond, the terms applicable are based on the terms decided when the bond was issued.

So, if a bond promises to pay an interest of 10% on Rs 1000, then that’s what you will get if you buy it later too.

This means that if you manage to buy this NCD for a cheaper price, you will be able to enjoy a higher interest rate payment (interest applicable on the original issue price and not the price you paid for it).

And the interest that you will earn at the maturity is not affected by the secondary transactions that happen after the original issue.

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