TFEX announced the “TFEX Best Award 2025” to recognize broker excellence. Awards went to MTSGF, PI, KGI, KKPS, YUANTA, CAF, and INVX for outstanding performance and market contributions.

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• TFEX announced the “TFEX Best Award 2025”, recognizing member companies for excellence in the areas of investor base expansion, market maker performance and active trading.
• Seven awarded brokers were MTSGF, PI, KGI, KKPS, YUANTA, CAF, and INVX

BANGKOK, February 16, 2026 – Thailand Futures Exchange pcl (TFEX) announced the recipients of the TFEX Best Award 2025, an annual recognition program honoring member companies for their excellence and outstanding performance across key areas of the derivatives market. TFEX Managing Director Triwit Wangvorawudhi emphasized that the strong cooperation and continued support from all members have been instrumental in driving the development and growth of Thailand’s derivatives market.

The “TFEX Best Award of Honor 2025” was presented to brokers that have demonstrated exceptional and consistent excellence for at least three consecutive years. The following companies received this distinction:

• MTS Capital Co., Ltd. (MTSGF) – Market Maker Best Performance
• Pi Securities pcl (PI) – Active Agent
• KGI Securities (Thailand) pcl (KGI) – Most Active House and Active Prop-Trading

For the “Best of the Year Award 2025”, the following brokers were recognized for their outstanding achievements based on trading performance and investor base expansion in each category:

• Kiatnakin Phatra Securities pcl (KKPS) – Most Active House Award
• Yuanta Securities (Thailand) Co., Ltd. (YUANTA) – Active Agent Award
• Classic Ausiris Investment Advisory Securities Co., Ltd. (CAF) – Active Prop-Trading Award
• InnovestX Securities Co., Ltd. (INVX) – Popular Agent Award
• KGI Securities (Thailand) pcl (KGI) – Market Maker Best Performance Award

Source : Thailand Futures Exchange announces TFEX Best Award 2025 for outstanding derivatives brokers

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The company has been declared the L-1 bidder for a tender issued by the Narmada Water Resources, Water Supply & Kalpasar Department, Government of Gujarat. The project entails the construction of a flood protection embankment along the Narmada River in Bharuch district.

Execution will follow an EPC (Engineering, Procurement, and Construction) model, with a total project cost of Rs 702 crore, excluding GST. The project is expected to be completed over a 24-month period.

This initiative forms part of Gujarat’s broader efforts to enhance flood protection infrastructure. Being a domestic EPC contract, it is a standard engineering and construction project with no involvement of the company’s promoters or promoter group in the awarding authority, and no related-party transactions are associated with this order.

On Tuesday, Dilip Buildcon shares closed at Rs 434.95 on the NSE, registering a modest gain of 1.02% for the day.

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In terms of valuation, the stock price-to-earnings (P/E) ratio of 5.01, a price-to-sales (P/S) ratio of 0.62, and the price-to-book (P/B) ratio of 1.34. These metrics suggest that the market is valuing the company at relatively low multiples compared to its earnings, sales, and book value.
From a technical perspective, the daily Relative Strength Index (RSI) stood at 39.7. Since an RSI below 30 generally indicates that a stock is oversold and above 70 signals overbought conditions, the current level points to a neutral-to-slightly-oversold territory. Additionally, the stock is trading below all eight of its simple moving averages (SMAs), suggesting short-term bearish momentum and caution for traders relying on trend-following strategies.Looking at recent financial performance, Dilip Buildcon reported a revenue of Rs 2,308 crore in the December 2025 quarter, which represents a 12.4% decline year-on-year. However, the company’s net profit saw a substantial increase of 619.9% YoY, reaching Rs 830 crore, highlighting strong profitability improvements despite the dip in top-line revenue.

The company’s strong order wins and robust profitability in the last quarter could keep investor interest high, despite some short-term technical weakness in stock movement.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

PSU Banks Gain Ground
“Plenty happening within Indian markets. PSU banks are doing very well for themselves. In fact, the Nifty Bank has outperformed in the last couple of days,” Mehta said in an interview to ET Now. He highlighted that PSU banks are closing a multi-decade gap with private sector banks in both valuations and performance.

“There was a time when private sector banks were gaining market share. Their growth rates were far superior, anywhere from double the growth rates of the industry, and the PSU banks’ NPA levels were well below. But now many PSU banks are giving private sector banks a run for their money, and investors recognize that. Balance sheet qualities are far better, they are back into growth mode, and that is reflected in the stock prices. Still, there is a lot of gap between the two segments within the banking industry,” he added.

Mehta believes the rerating of PSU banks is likely to continue, but cautions that sustaining current NIMs in an increasingly competitive banking sector will be challenging.

Capital Goods Sector on an Upward Trajectory
On capital goods companies like BHEL, Mehta emphasized the significance of execution. “Execution is the biggest risk in capital goods manufacturing companies, and sometimes execution is not only at their end but also at the customer end because sometimes the customer is not ready to let the project go ahead.”

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Despite execution risks, Mehta sees strong potential due to robust order books and capex cycles. “We are in a nice upward cycle as far as capex is concerned, and across the board, capital goods, engineering, procurement, and construction companies are sitting on record order book positions, great earning visibility for the next two to three years, and reasonable valuations.” He also favors companies with overseas orders such as L&T and KEC International, which benefit from diversified revenue streams.
FMCG Leadership and Investment Caution
Mehta expressed caution on FMCG stocks like Dabur. “Frankly, Dabur has just gone off the grid, and so is the case with a lot of FMCG stocks. We just do not track them anymore because, for us, the benchmark to evaluate a company is at least it should grow more than the nominal GDP growth rate, which is 11% or thereabouts. If a business is not growing topline growth of more than 11%, it just kind of falls through our grid. I do not have any view on Dabur or FMCG for that matter, or rather I have a view, and that is negative. Investors who are there in this stock need to diversify out of FMCG.”Infrastructure and Engineering Opportunities
Mehta highlighted the enduring strength of companies with large and diversified order books. “You must have a large proportion of your portfolio in all these engineering, procurement, and construction companies, and the best bet still remains L&T. It is hitting an all-time high, and as I said earlier, we prefer companies which have a diversified order base. L&T has almost 40-50% revenues on order books from outside India, and those order books are at reasonable margins. Certain projects within India can only be executed by L&T, putting them in a different league altogether.”

Other firms of interest include VA Tech Wabag, focused on water projects, as well as various power equipment companies covering solar, wind, and electric distribution equipment.

Wires and Cable Sector
On the wires and cable space, Mehta noted strong quarterly performance despite rising copper prices. “The numbers coming from the cable industry certainly seem to surprise us quarter after quarter. Despite increases in copper prices, they have been able to pass on the price increases and improve their margins. A lot of these companies have built solid brands, which is difficult for new entrants to replicate. The industry is doing well because of investment in renewable energy, which requires more transmission and copper cables, and also due to industrialization and data centres, all of which improve demand for cables.”

However, he cautioned on valuations. “I would remain invested, only reason it is not a buy for us is because the valuations are very rich. They are trading anywhere from 40 to 60 times, which is expensive considering it is largely a B2B business and there is no real product differentiation over there.”

The days of booking your flights six months in advance to save a buck are officially over.

According to Expedia’s 2026 Air Hacks Report, the early bird is now getting stuck with the bill, while a new wave of Friday flyers is reaping the rewards.

As domestic airfares tick up 3% this year, a massive shift in travel data reveals that Friday has dethroned the weekend as the cheapest day to both book and fly — saving savvy travelers hundreds on everything from quick trips to Las Vegas to international treks to Tokyo.

“Flight trends are constantly evolving and with Friday emerging as both the busiest day for air travel and also the most affordable, this leads us to believe it is a shift in business class behaviors driving this,” Expedia told Fox News Digital in a statement. “This opens up a great opportunity for leisure travelers [though] to start their weekend trips a day earlier, with Friday more affordable than Saturday departures.”

A NEW WAY OF COMMUTING IS CLOSER TO TAKING OFF IN THE U.S.

The report found that booking a flight on a Friday saves 3% versus booking during the weekend rush. Meanwhile, flying on a Friday versus Sunday can save travelers up to 8%.

The departure gate of Terminal 1 at JFK International Airport is seen in New York on August 15, 2025. (Getty Images)

August reigns as the most affordable month to fly, saving airline travelers an average of $120 per ticket – 29% cheaper than flying at the same time in December. Flights to Morelia, Mexico, Tokyo, Japan and Honduras are seeing 30%+ year-over-year price declines.

“This is the second year in a row where August has been the most affordable month to fly,” Expedia said. “It seems to be here to stay, so that offers American vacationers a great opportunity to take an affordable, big annual vacation during peak season.”

Domestic first-class fares have plummeted 27% year-over-year, as the report also signals a “micro-cation” boom with 25% of Gen Z and Millennials skipping hotels entirely and opting for 24-hour extreme day trips.

“Business travelers head home earlier in the week these days, so new opportunities are opening up for leisure travelers to save by choosing smarter travel days, like Friday for the best prices or Tuesday for fewer crowds,” Expedia Group Brands public relations head Melanie Fish said in a press release.

“With a year of data from Expedia’s Flight Deals now in – which highlights routes and dates priced at least 20% lower than the norm – July and October are emerging as two of the best months to travel to secure these high-quality fares,” she continued.

Additionally, the online travel agency broke down how to time the flying market and when to book as opposed to when to fly. The alleged “Goldilocks” booking window opens for domestic flights 15 to 30 days out and saves $130 compared to booking six months earlier.

If you’re trying to avoid crowds altogether, per Expedia’s data, Tuesday is the least busy day of the week to fly — with the slowest travel dates in 2026 predicted to be Feb. 25, March 4 and Nov. 18. On the other hand, the busiest dates to fly this year are predicted to be May 22, July 3 and Aug. 29.

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“September is still the second most affordable month, so we may see ‘big vacations’ extend into September for those budget-conscious travelers. With December being the most expensive month to fly, that could also lead travelers to shifting their trip types during that month to focus more on domestic stays, road trips or breaks close to home, versus hopping on a plane,” Expedia said.

Airports including Fort Lauderdale, Las Vegas and Orlando were hailed as the affordability kings for having ticket prices 25% below the national average. At Washington Dulles, San Francisco and New York-JFK, you could break your budget by spending 25% or more than national average prices.

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