Lenskart Gains on Strong Q3; Nifty IT Declines on AI Fears & Mixed US Jobs Data & More – Paper by Pocketful

Feb 12, 2026

Lenskart Solutions (+9.71%): Stock surged after strong Q3FY26 results; net profit soared nearly 70x YoY to ₹131 crore, revenue climbed 38%, EBITDA jumped 90.6%, with margins expanding to 20%.
LG Electronics India (-3.28%): Shares slipped following Q3FY26 earnings; profit dropped 61.6% YoY to ₹89.67 crore, with revenue largely unchanged due to demand slowdown.
Kernex Microsystems India (-3.82%): Stock fell despite ₹411.17 crore Banaras Locomotive Works order; Q3FY26 profit declined amid rising interest costs, raising margin concerns.
Amara Raja Energy & Mobility (-5.51%): Stock fell after Q3FY26 results; net profit plunged 53% to ₹140 crore, EBITDA declined 7.7%, margins contracted to 11% despite revenue growth.

Defence | Nifty India Defence (+0.73%): The index gained after Goldman Sachs highlighted strong sector tailwinds, citing 18% YoY rise in defence capex, proposed India-EU FTA, and potential India-US trade deal boosting aerospace growth outlook, led by 11 gainers and 4 losers.
Consumer Durables | Nifty Consumer Durables (+0.40%): The index traded in green, led by gains in Titan Company, Voltas, and Havells India.
IT | Nifty IT (-5.51%): The index declined for the second consecutive day, with all constituents trading in the red, amid fresh AI concerns and cautious sentiment after mixed US jobs data.
Realty | Nifty Realty (-1.45%): The index declined sharply, with most losses seen in DLF, Godrej Properties, and Prestige Estates Projects amid profit booking and weak sentiment.

Technical Level: Nifty opened with a gap down and witnessed selling pressure in the early session, continuing its lower-low trend. The index formed resistance near 25,900 at the start and found support around 25,750 towards closing.
Advance-Decline Ratio: Market breadth remained negative, with 1,151 advances against 2,008 declines, indicating selling pressure across the broader market.
The Big Picture: Alphabet Inc.’s £1 billion 100-year sterling bond, part of its $20 billion multi-currency borrowing to fund AI and data center expansion, has sparked concerns that aggressive debt-funded spending by tech hyperscalers signals late-cycle exuberance and rising risks in credit markets despite strong investor demand.
FII/DII Activity (Feb 11, 2026): Net buying of ₹943 crore by FIIs and selling of ₹125 crore by DIIs reflected mixed institutional participation in today’s session.

Earnings Corner: Torrent Pharmaceuticals & Tenneco Clean Air India are set to announce their Q3 results tomorrow.
Macro: USA Inflation Rate YoY (Jan) & Europe Employment Change YoY Prel (Q4) are scheduled to be released Tomorrow.
Index Watch: Nifty opened with a gap down in the red and remained under pressure throughout the session, dragged by heavy selling in IT stocks amid fresh AI concerns and cautious sentiment after mixed US jobs data. The index declined for the second consecutive day, with the next key support seen near 25,460. While this level is slightly away from current levels, traders will watch whether the market stages a pullback toward 26,000 this week or extends its corrective trend further.

Day 4 – Thursday: Trade Structuring & Probability Edge

Delta represents directional exposure and indicates how much an option price moves for a one-unit change in the underlying.
Theta measures time decay, steadily eroding option value as expiry approaches.
Vega captures sensitivity to changes in implied volatility, often dominating price action during events.
Gamma reflects how quickly delta changes, creating nonlinear risk.
Effective risk management focuses on position sizing and controlling total Greek exposure, not on trade conviction.

Capitulation: In trading, this refers to a period of intense selling pressure where investors give up their gains or “surrender” to the bear market, selling their positions out of fear or panic.

👀 Stay tuned. Stay diversified.

Until next time,

Team Pocketful.

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