Hindustan Unilever has shown zero return over the last four to five years, but a turnaround there could be significant.
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Technically LONG AGAIN? Post Market Report 18-Feb-26
The market experienced a surprising rally for the third consecutive day, defying expectations of a lower opening. Despite initial weakness in major IT and banking stocks like Infosys, TCS, HDFC Bank, and ICICI Bank, Reliance Industries and Tata Steel drove the gains. Bank Nifty showed strength, crossing 61,500, with analysts noting that HDFC Bank and ICICI Bank, despite recent falls, still hold significant weightage. The IT sector remains in trouble, though ITC and Hindustan Unilever saw some movement. The market is technically looking bullish, with a low probability of downside due to falling India VIX.
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Reliance Industries showed weakness in the first half but recovered strongly in the second half, contributing the most points to the Nifty's rise.
ICICI Bank has fallen 7-8% from its all-time high after Q3 results missed expectations, and it holds substantial weight in the Bank Nifty.
HDFC Bank is down 7-8% from its all-time high following a business outlook report in January, but its weightage in Bank Nifty is significant.
TCS, along with Infosys, experienced a fall today, contributing to the weakness in the market's major stocks.
Infosys, after showing strength in US ADRs, ultimately closed flat in India, following a prior 3% gain, indicating a potential for a 3% fall.
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