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Stocks to watch: Shares of firms like IREDA, Tata Technologies, Infosys, Hyundai, Bharat Forge, and others will be in focus on Thursday’s trade
Stocks To Watch
Stocks to Watch on February 20: Domestic markets remained volatile on Monday, with benchmarks closing nearly flat, continuing the ongoing consolidation phase. Today, shares of Cyient, Waaree Energies, BSE, Tata Technologies, Orchid Pharma, and other companies will be under the spotlight due to several significant updates.
IREDA and Tata Technologies: Shares of IREDA and Tata Technologies are in focus following an announcement by the NSE confirming their inclusion in the futures and options segment starting from February 28.
Cyient: Cyient has appointed Sukamal Banerjee as Executive Director and CEO, effective from February 19.
Religare Enterprises: Religare’s open offer received a lukewarm response. Data shows that only 231,025 shares (0.07%) were tendered against 90,042,541 shares (26%) being offered.
LTTS: L&T Technology Services (LTTS) has set a target of $3 billion in revenue for the short-to-medium term.
Infosys: Infosys clarified that it did not use coercion when laying off trainees at its Mysuru campus over performance-related issues and is in communication with labor department authorities.
Hyundai Motor India: Hyundai is working to establish itself as a manufacturing hub for exports, particularly targeting emerging markets like Africa and neighboring countries.
Reliance Infrastructure: Reliance Infrastructure provided a clarification regarding its potential involvement in solar and battery manufacturing, revealing the incorporation of new subsidiaries for this purpose.
Bharat Forge: Bharat Forge’s subsidiary, Kalyani Strategic Systems, has signed a letter of intent (LOI) with AM General, USA, to supply advanced artillery cannons made in India to the United States.
Waaree Energies: Waaree Energies has received an order from Khaba Renewable Energy to supply solar modules for 362.5 MWp.
DLF: The NCLT has approved DLF’s merger of four subsidiary companies and the demerger of three special economic zone (SEZ) undertakings into DLF Cyber City Developers.
Rites: Rites has signed a Memorandum of Understanding (MoU) with the Central Water and Power Research Station, a subsidiary office of the Ministry of Jal Shakti.
ONGC: ONGC is looking for a joint venture partner to help construct very large ethane carriers (VLECs) for its petrochemical plant in western India.
Orchid Pharma: The US FDA has completed a surprise inspection of Orchid Pharma’s API manufacturing facility in Alathur, Tamil Nadu, resulting in seven minor observations.
Awfis Space Solutions: Awfis Space Solutions has received orders from the joint commissioner of state tax to provisionally attach its operative bank accounts held with HDFC Bank and ICICI Bank.
Sterlite Technologies: The NCLT has approved the demerger of Sterlite Technologies and STL Networks.
Mahindra & Mahindra: Mahindra Group has partnered with Anduril Industries to develop Autonomous Maritime Systems, advanced AI-enabled Counter Unmanned Aerial System (CUAS) technologies, and innovative Command and Control (C2) software.
Iris Business Services: Iris Business Services has signed an MoU with the Department of Industries, Trade & Commerce, Government of Goa, to support the growth of the MSME ecosystem in the state.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
