India’s stock markets are likely to open on a lower note today. As of 7:45 AM, GIFT Nifty futures were trading 74 points lower at 22,874 level. On Wednesday, the BSE Sensex closed at 75,939, down 28 points or 0.04 percent, while NSE Nifty50 ended at 22,932.90, lower by 12 points or 0.05 percent from its previous close.
Key Stocks in Focus
- Bharat Forge: Kalyani Strategic Systems has signed a Letter of Intent with AM General, USA, for the supply of artillery cannons to the US.
- Rites: The company has signed an MoU with the Central Water and Power Research Station.
- Arkade Developers: The company has announced a redevelopment project in a Mumbai suburb with a revenue potential of Rs 740 crore.
- Waaree Energies: The company has secured an order for supplying solar modules for 362.5 MWp from a well-known customer.
- Happiest Minds: The company has introduced a generative AI solution to transform research across industries.
- Thomas Cook: Along with its group company SOTC Travel, Thomas Cook has entered a strategic partnership with the Korea Tourism Organization.
- Espire Hospitality: The company has opened Country Inn Premier in Amritsar.
- Maruti: The company is strengthening its presence in India and aiming for a 50% market share in the Indian automobile sector.
- Manglam Infra: The company has received a Letter of Award from the National Highways Authority of India (NHAI), RO – Vijayawada.
- Mahindra & Mahindra: The company has partnered with Anduril Industries to develop autonomous maritime systems and AI-powered counter-drone technology.
- JBM Auto: JBM Ecolife Mobility has secured an order for 1,021 electric buses worth Rs 5,500 crore.
- Reliance Infrastructure: The company is exploring opportunities in solar and battery manufacturing through its newly created subsidiaries, Reliance Battery GreenTech Pvt. Ltd. and Reliance Zetta SolarTech Pvt. Ltd.
- H M Electro: The company has received a new work order worth Rs 13.85 crore.
- India Glycols: The company has been allocated 180.6 million liters of ethanol supply through a tender process.
- ONGC: The company is planning to enter the ethane carrier business and is seeking a strategic partner.
- Servotech Renewable: The company has signed an agreement with France-based Watt & Well SAS for the development and manufacturing of EV charger components in India.
- BSE: Goldman Sachs (Singapore) PTE has acquired 7.29 lakh shares at Rs 5,504.42.
- Cyient: Sukumal Banerjee has been appointed as CEO.
- Patanjali: The Supreme Court of India has quashed the Income Tax Department’s demand of Rs 186 crore for the CIRP period.
- NFL: The company has announced a joint venture for the establishment of the Namrup IV Fertilizer Plant in Assam.
- C.E. Info: The Mappls App is now available in nine regional languages for a more seamless user experience.
- Medicamen: The company has entered a Manufacturing & Supply Agreement with a leading pharmaceutical distributor and marketing company in the US and Europe.
- Bartronics: The company has signed an MoU with PTW Group.
- Bharat Global: Ms. Simoli Raval has been appointed as an additional Independent Director for a five-year term.
- Orchid Pharma: The US FDA has issued seven minor observations for the company’s API manufacturing facility in Alathur, Tamil Nadu.
- Raymond: The NCLT has scheduled the final hearing on the approval of the demerger scheme for the Realty business on March 25, 2025.
- Flomic Global Logistics: Mr. Abhinandan Gupta has been appointed as the Chief Financial Officer, effective February 19, 2025.
- JK Cement: The company has received a tax demand of Rs 13.46 crore for the assessment year 2020-21 from the State Goods & Service Tax department in Jaipur.
- Comfort Commotrade: The company has received a demand order from the State Tax Officer, GST, Maharashtra, for Rs 2.25 crore.
- Torrent Power: The company has incorporated a new step-down subsidiary, Torrent Urja 30 Private Limited.
- Viaan Industries: The company’s CFO, Mr. Hemant Seth, resigned with immediate effect on February 14, 2025, citing personal reasons.
- Cyient Ltd: The company has appointed Mr. Sukamal Banerjee as Executive Director and CEO, effective February 19, 2025.
- ZEE Entertainment: The company has secured a high S&P Global ESG score, outperforming industry peers.
- IREDA/Tata Tech: NSE has announced the inclusion of two securities in the F&O segment, effective February 28.
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ITC, VST, Godfrey: The GST Council is considering raising the GST on cigarettes and tobacco to 40%, as per ET.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
