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Stocks to watch: Shares of firms like Tata Steel, Tata Motors, Vedanta, Religare, TCS, NTPC Green, and others will be in focus on Friday’s trade
Stocks to watch on February 21
Stocks to Watch on February 21: Domestic markets remained flat on the weekly expiry day, ending almost unchanged amid ongoing market volatility. Today, several stocks will be in focus due to various developments, including Religare Enterprises, NTPC Green, Grindwell Norton, JM Financial, and Tata Steel.
CIE Automotive: The company reported a 9% increase in its Q3 consolidated net profit, rising to Rs 184.9 crore from Rs 168.9 crore last year.
Sanofi Consumer Healthcare: The company posted a net profit of Rs 44.3 crore, down 35% from Rs 67.9 crore year-on-year.
Religare Enterprises: The Burman family has acquired control of the company and will collaborate with the leadership team and board to strengthen its strategic direction and long-term value creation.
Samvardhana Motherson: The company established ‘Motherson Treasury Strategy’ in Abu Dhabi Global Market, UAE.
Vedanta: Shareholders and creditors have approved Vedanta’s demerger plan, splitting the company into five separate entities.
Sun Pharma: The company is seeking shareholder approval for related-party transactions worth approximately $1 billion for FY26. These transactions involve subsidiaries such as Taro Pharmaceuticals (Canada), Taro Pharmaceutical Industries (Israel), and Taro Pharmaceuticals US.
Tata Power: Tata Power has partnered with Amazon Web Services to accelerate India’s smart and consumer-focused energy transition by modernizing its digital infrastructure and energy management systems.
Hitachi Energy India: The company is seeking approval from shareholders to increase its borrowing limit to Rs 11,500 crore.
Tata Motors: The company is offering special promotions for 45 days to celebrate its milestone of 200,000 electric vehicles (EVs) sold. Offers include up to Rs 50,000 exchange bonus and 100% on-road financing with zero down payment.
Adani Group Stocks: Adani Group reassured investors and creditors that it has sufficient cash to meet its debt obligations and posted record pre-tax profits for the 12 months ending December 2024.
Crompton Greaves: The company expects to surpass $1 billion in sales this fiscal year and achieve double-digit revenue growth, supported by a new strategy.
L&T: The company secured a large order from Hindalco for the construction of an 850 KTPA greenfield alumina refinery plant in Odisha.
JM Financial: The company will receive Rs 230 crore as a refund from the Deputy Commissioner of Income Tax.
SJVN: The company plans to expand its only coal power project in eastern India.
ISGEC Heavy Engineering: Goldman Sachs sold shares worth Rs 96 crore, or 1.4% equity, through an open market transaction, exiting the stock.
TCS: Tata Consultancy Services has partnered with Salesforce to help customers in the manufacturing and semiconductor industries leverage artificial intelligence for greater value.
Tata Steel: Tata Steel acquired 191 crore equity shares of T Steel Holdings Pte for $300 million (approximately Rs 2,603.16 crore).
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