Business news · IPO & Capital Markets · 07 Oct 2026
IN Financial Services Capital Goods
Four companies that listed in recent weeks moved on their first quarterly results as listed firms. Asset Reconstruction Company (India), which listed at Rs 139 on September 17, hit its 10% upper limit at Rs 160.31 after April-June profit rose 107% to Rs 143.14 crore on revenue of Rs 274.03 crore, up 132%. Kanohar Electricals gained as much as 20% to Rs 1,131 after profit rose 145% to Rs 27 crore on revenue of Rs 137 crore. Glass Wall Systems fell as much as 7.6% as profit slipped 7.7% to Rs 17 crore despite revenue growth of 35.8%; Veegaland Developers fell 3.4% although profit roughly tripled to Rs 9.72 crore.
A company's first result after listing is the first set of numbers that was not in its prospectus, and for these four it produced moves of 3% to 20% in a day in opposite directions. The results are for April-June, a quarter that ended before these IPOs opened, so they update the prospectus figures and say little about the current quarter. ARCIL is the first listed asset reconstruction company, earning fees and recoveries on bad loans bought from banks; Kanohar makes transformers, a segment tied to power transmission spending.
Reported by Upstox — “ARCIL shares hit 10% upper circuit, Kanohar rallies 20%: Newly listed stocks in focus following Q1 results” ↗ on 07 Oct 2026.
NSE stocks, from the last close on or before 07 Oct 2026 to the close on 16 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Financial Services | 125 | +0.2% | 65 of 125 | +1.1 pts |
| Capital Goods | 126 | -3.6% | 27 of 126 | -2.7 pts |
| All tracked stocks | 804 | -0.9% | 321 of 804 | — |
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