The stock market ended lower on Friday, February 21, with the BSE Sensex falling 424.90 points (0.56%) to close at 75,311.06. The index saw an intraday decline of up to 623.55 points before recovering slightly. However, the GIFT Nifty signaled a positive opening for Monday, February 24, rising 0.37% to 22,698.
Stocks to Watch Today
RVNL: The company has emerged as the lowest bidder for a South Western Railway project worth Rs 156.35 crore.
Lupin: The US FDA has issued an Establishment Inspection Report (EIR) for Lupin’s manufacturing facility in Somerset, New Jersey.
RailTel: The company has secured a work order worth Rs 288 crore from East Central Railway.
JTL Industries: JTL Industries has entered into a Memorandum of Understanding (MOU) with RCI for the supply of 200 Mt/month of copper and brass alloys.
Onesource Specialty: Care Ratings Ltd has upgraded the company’s long-term bank facilities to CARE BBB+ from CARE BB+.
Vedanta: The company has been declared the preferred bidder for Madhya Pradesh’s Kauhari Diamond block.
Ami Organics: The board has approved the sub-division of existing equity shares (face value Rs. 10) into two equity shares (face value Rs. 5).
Mahindra EPC: The company has been awarded a contract for the supply of micro irrigation systems under a community micro irrigation project, with a contract value of Rs 11.11 crore.
Crompton Greaves: The company has launched new products, “Surebreeze Super Briz Royale” and “Eco Deco”.
Vesuvius: The company’s board meeting will review FY24 financials, recommend dividends, and propose a stock split/sub-division.
Zee Media: Shareholders have voted to increase the FPI investment limit to 49%.
Hazoor Multi Projects: The company has been awarded a project for reinforcement steel cutting, bending, fixing, and structural steel fabrication for the Versova Bandra Sea Link project in Mumbai, with a total value of Rs 102.1 crore.
Zaggle: The company has entered into a customer service agreement with Indus Tower.
TCS: The company has partnered with Salesforce to unlock the power of AI for manufacturers and semiconductor chip makers.
Balrampur Chini: The company has started building India’s first Polylactic Acid (PLA) biopolymer plant in Uttar Pradesh.
Zydus Lifesciences: The company has received USFDA approval to manufacture Ibuprofen and Famotidine tablets.
Optiemus: The company is subscribing to 2.38 crore shares in Bharat Innovative Glass Technologies Pvt Ltd.
Lemon Tree: The company has signed a new property in Rajasthan.
Oil India: The company is forming a joint venture with Assam Power Generation Corporation.
Gabriel: The company has signed a Technical Assistance Agreement with Tractive Suspension BV.
Bikaji Foods: The USA subsidiary is set to expand and strengthen distribution in the USA.
Som Distilleries: The company has announced the allotment of 2,428,040 equity shares to promoters.
PI Industries: The company and C-CAMP have announced a strategic partnership to drive innovation in biocontrol technologies.
FTSE Review Inclusions: Ajanta Pharma, Apar Ind, Bajaj Housing Finance, Blue Star, NALCO, BSE, CRISIL, CDSL, Fortis, FACT, Indusind Bank, Premier Energies, and Kaynes have been included in the FTSE review.
Adani Green Energy: The company has launched a 250 MW solar power project in Rajasthan.
Coal India/PSP Projects: Coal India has signed a non-binding shareholders agreement with EDF India to form a joint venture to undertake PSP projects and renewable energy projects in India and neighboring countries.
KP Energy: The company has successfully commissioned a further 2.8 MW wind power project consisting of one wind turbine generator at the Vagra site.
ABB India: The company aims to sustain up to a 15% margin in FY26 as backlog conversion impact eases.
Tata Steel: The CEO has flagged risks from US trade policies on the steel sector.
Ujjivan Small Finance Bank: The board has approved the sale of NPA & written-off loans to an Asset Reconstruction Company (ARC).
Brigade Group: The group plans to invest ₹1,500 crore in Kerala over the next five years.
Niva Bupa Health: The company has received communication(s) from an anonymous sender claiming to have customer data of Niva Bupa.
M&M Financial: The company has approved the issue of Non-Convertible Debentures on a private placement basis, with an NCD base issue worth 3 billion rupees.
Bharti Airtel: The company is increasing its shareholding in its arm, Airtel Africa Plc, by up to 5% via Airtel Africa Mauritius.
Adani Green Energy: The company’s unit has operationalized a solar power project of 250 MW at Bhimsar & Dwada.
East West Freight: The company’s board has approved a Rs. 30 crore fund-raising proposal through private placement or other permissible modes.
Bajaj Auto: The company is investing up to €150 million in its arm, Bajaj Auto International Holdings BV, Netherlands.
Dhunseri Investments: The company has entered into an MoU with M/s. Hatibari Tea Company on February 21, 2025, for the sale of Hatibari Tea Factory.
Plaza Wires Ltd: The company has received confirmation of its credit rating from CRISIL Ratings Ltd. The long-term bank facilities rating remains CRISIL BBB-.
Swiggy: The board has approved investing up to INR 1,000 crore in its subsidiary, Scootsy Logistics Private Limited.
Eris Lifesciences: The company has redeemed ₹437.50 crore of 8% secured unlisted redeemable non-convertible debentures.
Granules: The board has approved the acquisition of a 100% stake in Swiss company Senn Chemicals AG for approximately INR 1,925 million.
Nifty 50 Changes: Zomato and Jio Financial will replace Britannia and BPCL in the Nifty 50, effective March 28, 2025.
Nifty Next 50 Changes: Swiggy, Britannia, IHCL, Hyundai, Bajaj Housing, BPCL, and CG Power will replace ATGL, BHEL, NHPC, IRCTC, Union Bank, Zomato, and Jio Financial in the Nifty Next 50, effective March 28, 2025.
PayTm: Mobiquest Mobile Technologies has sold its 100% stake in Xceed IT Solutions.
Nesco: The company has announced the incorporation of its wholly-owned subsidiary, Nesco Retail Private Limited, based in Mumbai, Maharashtra.
Rishabh Instruments: The company has announced a partnership with ASPIRE-IITB Research Park Foundation to open its sixth R&D center at IIT Bombay.
SRF: The company has completed the expansion of its Fluorocarbon Refrigerant Gas Capacity at Dahej, with a total cost of around Rs. 361 crore.
Aster DM: The company plans to invest Rs 850 crore in Kerala over the next three years.
FIEM Industries: The company has received a sum of Rs. 20 crore as an ad-hoc payment from the insurer.
Maithan Alloys: The company has acquired 48,000 shares of Power Finance Corporation Ltd.
Medplus Health: The company’s subsidiary, Optival Health Solutions Pvt Ltd, has received four drug license suspension orders.
Solara Active Pharma: The company has announced the resignation of its Managing Director, Mr. Poorvank Purohi.
Jagsonpal Pharmaceuticals: The company has received a warning letter from the USFDA regarding observations during the inspection of its contract manufacturing facility.
Fusion: ICRA Limited has downgraded the credit rating of Fusion Finance Ltd’s instruments.
Flex Foods: India Rating has downgraded the rating for fund-based working capital limits.
Syngene: The company has received five Form 483 observations from the USFDA for its Bengaluru facility.
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.
