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Market Commentary - Stock Alert
Stock Alert: Swan Defence, Highness Microelectronics, Grand Oak Canyon, Omaxe, Haz.Multi Proj As on : 13-Oct-26  08:30

Swan Defence and Heavy Industries Ltd shares rose 5% to Rs 2874.55 after reporting a 1459.67% fall in net profit to Rs 566.44 crore, despite a 124.93% revenue increase to Rs 68.85 crore in Q3FY26. The company’s market capitalization improved 6.31% and 29.81% over various periods, surging 290.18% in the last year.


Highness Microelectronics Ltd. shares rose 1.98% to Rs 267.25, building on a 6.07% weekly gain. The company received a Rs 54 lakh purchase order to supply ruggedized displays for Ticket Vending Machines, to be executed within six weeks. Trading volume was 14,400 shares, down 62.5% from the weekly average.


Grand Oak Canyons Distillery Ltd’s share price rose 5.21% to Rs 37.95 after Q3FY26 net profit plunged 202.78% to Rs 5.17 crore, despite revenue soaring 305875% to Rs 244.78 crore. Total expenses increased 271911.11% to Rs 244.81 crore. The stock has gained 3.13% in the last year, outperforming the BSE Sensex’s 11.80% decline.


Omaxe Ltd announced that CARE Ratings Limited reaffirmed its credit ratings for the company’s bank facilities. The ratings are CARE BB+; Stable / Reaffirmed for Long-term and short-term, and CARE BB+; Stable reaffirmed for Long-term bank facilities. CAREA4+ and CARE BB+; Stable ratings were also reaffirmed, with no other agencies or actions noted.


Hazoor Multi Projects Limited received a revised Letter of Award from the National Highways Authority of India on October 9th, 2026, for a one-year contract. The company will collect user fees and maintain facilities at the Gaddurur (Nangli) Fee Plaza on NH-75 in Karnataka. The contract’s value is Rs 28,10,20,800, awarded through a competitive E-tender.