Indian Stocks See Mixed Movements Amid Fraud Disclosure and Restructuring News

On February 23, 2026, Indian stock markets showed mixed movements amid positive global cues. IDFC First Bank shares plunged 20% following disclosure of a Rs 590 crore fraud at a Chandigarh branch, leading to suspensions and legal actions. UPL announced a restructuring plan, causing its shares to fall 13.6%. Morepen Laboratories surged over 19% after securing an Rs 825 crore global contract. Ola Electric Mobility and Vodafone Idea were among the most traded stocks, with Ola Electric hitting a 52-week low amid weak earnings.