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As on : 16-Oct-2026

Market Commentary - Stock Alert
16-Oct-2026 08:30

Stock Alert: Elecon Engg.Co, Sulabh Engineers, Admach Systems, Praxis Home, Glass Wall Syst

Elecon Engineering Company Ltd’s share price rose 7.42% to Rs 439.5 after Q3FY26 net profit increased 36.96% to Rs 96.35 crore, with revenue up 22.74% to Rs 638.94 crore over Q2FY26. Profit before tax rose 10.42% year-on-year to Rs 124.76 crore. The stock has fallen 20.46% in the last year.

Sulabh Engineers & Services Ltd shares fell 3.97% to Rs 2.42 after Q3FY26 results showed net profit rose 13.40% to Rs 1.1 crore, with revenue easing 0.55% to Rs 1.81 crore. PBT surged 100.00% year-on-year to Rs 1.44 crore, and EBITDA jumped 46.90% to Rs 2 crore. The stock has declined 20.13% in the last year.

Admach Systems Ltd. shares rose 2.36% to Rs 510.0, up 9.44% over one week, with trading volume at 3600 shares. The company received a Rs 791.80 lakh purchase order from a steel entity for equipment, bringing the order book to Rs 76.25 Crores. Execution is slated for 26 weeks, per SEBI regulations.

Praxis Home Retail Limited disclosed that the GST Appellate Tribunal (GSTAT) ordered the company to pass on or deposit Rs 3,67,88,027, plus 18% interest, related to alleged GST rate reduction profiteering between November 15, 2017, and September 30, 2019. The October 14, 2026 order mandates Rs 21,200 be passed on to a complainant, with the remainder deposited into Consumer Welfare Funds; Praxis is considering an appeal.

Glass Wall Systems (India) Limited received two Letters of Intent on October 14, 2026, for façade work in India. Each "Regular" order is valued up to Rs 50 crore, encompassing design, engineering, manufacture, procurement, and installation. Execution is expected over 24 months, with no promoter or related party involvement.

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