Stocks to watch, February 20: JBM Auto, BSE, Waaree Energies, Religare Enterprises, Torrent Power, Bharat Forge, and more

At 7:25 AM, the GIFT NIFTY futures were trading at 22,894.50, down 54 points, or 0.24%. This suggests that the NIFTY50 index will open 70 points lower.

On the global front, China's central bank on Thursday kept lending rates unchanged, showing authorities are going slow with monetary stimulus as they prioritise financial and currency stability.

In the overnight trade, US stocks ended modestly higher, and the S&P 500 notched its second straight all-time closing high as investors assessed the minutes from the Federal Reserve's January policy meeting and digested US President Donald Trump's tariff plans.

All three major US equity indexes made gains on the day, Reuters reported.

These buses, which are to be delivered over 18 months, will be deployed across 19 cities in Gujarat, Maharashtra, and Haryana, JBM Ecolife Mobility said.

The company did not disclose the name of the company that placed the order.

"The company has today received an order for the supply of solar modules for 362.5 MWp from a renowned customer engaged in the business of owning, developing, and operating renewable power projects in India," Waaree Energies said in a regulatory filing.

The company is looking to diversify its export markets as it continues to face challenges regarding shipments to regions like the Middle East due to the Red Sea and other geopolitical issues.

As per the data of the open offer, against 90,042,541 shares (26%), only 231,025 shares (0.07%) were tendered.

The open offer for the acquisition of up to 9,00,42,541 fully paid-up equity shares of face value of ₹10 each, representing 26% of the expanded voting share capital of REL from the public shareholde₹ by M B Finmart Pvt Ltd, Puran Associates Pvt Ltd, VIC Enterprises Pvt Ltd, and Milky Investment & Trading Company commenced on January 27, 2025.

According to the bulk deal data available on the National Stock Exchange (NSE), US-based Goldman Sachs, through its arm Goldman Sachs (Singapore), purchased 7.28 lakh shares of BSE Ltd.

TU30 is into electricity generation from renewable energy. It is incorporated in India and registered with the Registrar of Companies in Ahmedabad on February 12, 2025, a regulatory filing by Torrent Power said.

TU30 has an authorized share capital of ₹5 lakh and a paid-up share capital of ₹5 lakh. It has yet to commence business operations.

Torrent Green Energy Pvt Ltd (TGEPL) is a subsidiary of Torrent Power.

Kalyani Strategic Systems Ltd. (KSSL) has signed a Letter of Intent (LOI) at IDEX 2025 in Abu Dhabi, the company said in a regulatory filing.

This marks the first-ever supply of cannons from an Indian defence manufacturer to the US, a testament to the strengthening bilateral defence cooperation between our two nations, it added.

This initiative is part of Mahindra Logistics' tech vision to ignite success within the Indian startup ecosystem, catalysing advanced solutions and driving operational excellence in the logistics industry, the company said.

Participating startups -- Tarsyer, Vecros, Tokere, Ignomagine, Electrike, Quargos, KaviRise, and Nebularc -- presented groundbreaking technology solutions, it said.

The partners also plan to jointly come up with advanced AI-enabled Counter Unmanned Aerial System (CUAS) technologies and innovative Command and Control (C2) software.