Q4 results: Data Patterns, HUDCO, Muthoot slide 11%

Market reaction after Thursday’s filings

Three stocks saw sharp cuts on Friday after their Q4 FY26 numbers were filed with exchanges after market hours on Thursday. Data Patterns (India) Ltd, Housing and Urban Development Corporation Ltd (HUDCO), and Muthoot Finance Ltd declined by as much as 11% in intraday trade. The moves highlighted that headline profit growth alone was not enough to support prices in the session. Investors appeared to focus on the mix of results and near-term expectations implied by the quarterly trends shared in filings and presentations. The sell-off was visible even as the broader market was steady to positive during the day.

Data Patterns: sharp drop early, partial recovery later

Data Patterns (India) Ltd fell nearly 11% in early trade to touch a day’s low of Rs 3,566.25 on the BSE. The stock later recovered part of the losses. During afternoon trade, it was quoted 3.22% lower at Rs 3,880 apiece. The intraday pattern suggested heavy initial selling after the Q4 update, followed by bargain hunting or short covering.

Data Patterns Q4 FY26: revenue fell 12.94% YoY

According to the company’s investor presentation, Data Patterns reported a decline in revenue from operations for Q4 FY26. Revenue from operations fell 12.94% year-on-year to Rs 344.9 crore, compared with Rs 396.2 crore in Q4 FY25. The company was described in the disclosure as a defence electronics solutions provider. The top-line contraction was the key financial datapoint highlighted in the material provided.

HUDCO: shares down over 8% at the lows

HUDCO shares fell over 8% to hit an intraday low of Rs 205.07 on the NSE after the company reported what was described as mixed performance for the March 2026 quarter. Around 12:20 PM, the stock was trading at Rs 207.45, down 7.12% from its previous close of Rs 223.35. In afternoon trade, it was also reported at around Rs 207.50, down 7.24%. HUDCO is a public sector housing finance and infrastructure project finance company.

HUDCO Q4 FY26: consolidated profit surged 172.25% YoY

Despite the price decline, HUDCO reported a sharp rise in profitability for the quarter. Its consolidated net profit jumped 172.25% year-on-year to Rs 1,981.31 crore in Q4 FY26, from Rs 727.74 crore in Q4 FY25. The session’s negative stock reaction, alongside the profit surge, was framed as a market response to mixed results rather than a single headline metric.

Nifty comparison and year-to-date snapshot

At the time HUDCO was down over 7%, the benchmark Nifty50 was trading at 23,738.85, up 49.25 points or 0.21%. The contrast suggested the HUDCO move was stock-specific rather than a broad market risk-off swing at that moment. The report also noted that on a year-to-date basis, HUDCO had declined around 2%, compared with a 9.3% fall in the Nifty50.

Technical view: resistance at Rs 235 to 240, support near Rs 195

Harish Jujarey, AVP and head of technical equity research at Prithvi Finmart, linked the fall to technical levels and profit booking after a sharp rebound. He said HUDCO saw a strong recovery from March lows near Rs 160 and rallied to Rs 235 last week. He added that the stock appeared to face strong resistance in the Rs 235 to 240 zone, aligning with multiple previous highs and a downward sloping trendline resistance. Following that, profit booking gradually emerged. After the quarterly results, he said the stock came under further pressure and traded around Rs 207. He also flagged the next important support near the 50-day moving average around Rs 195, and advised avoiding fresh long positions at current levels.

Muthoot Finance: stock down over 7% despite profit surge

Muthoot Finance Ltd also saw a sharp decline in Friday trade. The stock plunged 7.05% to trade at Rs 3,280.10. The drop came even as the company posted strong year-on-year profit growth for the quarter, based on its consolidated financial results filed with exchanges.

Muthoot Finance Q4 FY26: profit up 135.29% YoY

The gold loan major’s profit surged 135.29% year-on-year to Rs 3,397.47 crore in the March 2026 quarter. This compared with Rs 1,443.93 crore in Q4 FY25. The data points highlighted in the report focused on profit growth, without additional quarterly line items.

Key numbers at a glance

Why these declines matter for investors

The session showed how quickly markets can re-price stocks after quarterly disclosures, especially when expectations are high or when results appear mixed. For Data Patterns, the key reported pressure point was the year-on-year decline in revenue from operations. For HUDCO and Muthoot Finance, the reported profit growth did not prevent a sell-off, underscoring that price moves can reflect factors beyond a single headline number. The HUDCO technical commentary also highlighted how resistance and support levels can shape short-term trading behaviour around results days.

Conclusion

Data Patterns, HUDCO and Muthoot Finance fell up to 11% on Friday as the market reacted to Q4 FY26 updates filed after Thursday’s close. Investors will track how these counters trade around the levels cited, including HUDCO’s Rs 235 to 240 resistance zone and support near Rs 195, as the post-results recalibration continues.