Shares of Coal India, Tata Consultancy Services and Oil and Natural Gas Corporation were among the top laggards on the Nifty 50 during Wednesday’s trading session.
At around 1:00 pm, Coal India was trading at Rs 421.00, down 2.31% from its previous close. TCS declined 1.85% to Rs 2,929.30, while ONGC fell 1.45% to Rs 268.20. Among other notable declines, ITC slipped 1.34% to Rs 317.10, and HCL Technologies dropped 1.32% to Rs 1,552.40.
The weakness in IT stocks followed softer-than-expected U.S. retail sales and labour market data, which weighed on sentiment.
Coal India financial snapshot
Coal India’s consolidated revenue has grown steadily from Rs 90,026.01 crore in FY21 to Rs 143,368.92 crore in FY25. Net profit increased from Rs 12,705.14 crore in FY21 to Rs 34,839.84 crore in FY25, after peaking at Rs 36,942.30 crore in FY24. EPS rose from 20.61 in FY21 to 57.37 in FY25, while the debt-to-equity ratio remained stable at 0.09 in FY25.
Recently, the company announced a special window for re-lodgement of physical share transfers and incorporated a joint venture with UPRVUNL for a renewable energy project in Uttar Pradesh. Coal India had also declared an interim dividend of Rs 10.25 per share in October 2025.
TCS financial snapshot
TCS has reported consistent revenue growth, rising from Rs 164,177 crore in FY21 to Rs 255,324 crore in FY25. Net profit increased from Rs 32,562 crore to Rs 48,797 crore during the same period. EPS climbed from 86.71 to 134.19, and the company maintained a zero debt-to-equity ratio.
Recent developments include partnerships such as Flight Centre Travel Group tapping TCS for enterprise technology transformation and Janata Sahakari Bank selecting TCS BaNCS. In December 2025, TCS announced a third interim dividend of Rs 11 per share along with a special dividend of Rs 46 per share.
ONGC financial snapshot
ONGC’s consolidated revenue expanded from Rs 304,000.98 crore in FY21 to Rs 612,065.37 crore in FY25. Net profit fluctuated over the period, reaching Rs 54,704.81 crore in FY24 before easing to Rs 37,293.02 crore in FY25. EPS rose from 12.92 in FY21 to 28.80 in FY25, while the debt-to-equity ratio stood at 0.45 in FY25.
The company has scheduled a board meeting on February 12, 2026 to consider Q3 FY26 results and a possible second interim dividend. ONGC had announced an interim dividend of Rs 6 per share earlier in February.
ITC and HCL Tech overview
ITC’s revenue increased from Rs 49,272.78 crore in FY21 to Rs 75,323.34 crore in FY25, while net profit stood at Rs 19,926.05 crore in FY25. The company remains debt-free and announced an interim dividend of Rs 6.50 per share in January 2026.
HCL Technologies’ revenue rose from Rs 75,379 crore in FY21 to Rs 117,055 crore in FY25, with net profit at Rs 17,399 crore in FY25. The company maintains a low debt-to-equity ratio of 0.03 and declared an interim dividend of Rs 12 per share in January 2026.
Overall, Wednesday’s session saw broad-based declines in select heavyweights on the Nifty 50, even as underlying financial performance across these companies reflects multi-year growth trends.
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