4 min read | Updated on February 20, 2026, 08:29 IST
SUMMARY
Stocks To Watch: Swiggy will be in focus, as, according to news reports, the company has decided to shutter Snacc, a dedicated app it launched for 15-minute food deliveries, just a year after the offering was launched, as the company struggled to make orders profitable.
The GIFT NIFTY futures suggest that the NIFTY50 index will open 13 points lower. | Image: Shutterstock
Stocks To Watch: The domestic equity market is expected to open marginally lower on Friday, February 20. The GIFT NIFTY futures suggest that the NIFTY50 index will open 13 points lower.
Here is a list of stocks that may remain in focus today.
Novartis India: Shares will be in focus as its promoter, Novartis AG, has agreed to sell a majority stake in the company to a consortium of investors led by ChrysCapital.
In a stock exchange filing, Novartis India said Novartis AG has entered into a share purchase agreement (SPA) with WaveRise Investments Limited, ChrysCapital Fund X, and Two Infinity Partners to divest 1.74 crore fully paid-up equity shares, representing 70.68% of the company’s paid-up equity share capital.
ABB India: Shares will be in focus following the company's December quarter results announcement. PAT slipped 18% YoY to ₹434 crore, while revenue jumped 6% YoY. The company recorded the highest Q4 orders in the last five years – up 52%; strong development in the base business with additional support from the timing of large orders.
CIE Automotive India: According to news reports, the company reported a 10.4% year-on-year rise in net profit to ₹204.3 crore, compared with ₹185 crore in the same period last year. Net revenue increased 13.4% to ₹2,393 crore from ₹2,110 crore, while EBITDA grew 11.7% to ₹335 crore versus ₹299 crore a year ago. However, the EBITDA margin slightly declined to 14% from 14.2% on a year-on-year basis.
Pace Digitek: The company has received an advance letter of award for ₹890.69 million (including GST) from RAILTEL for the supply, installation, and commissioning of an IP-based video surveillance system in LHB coaches with a 03-year warranty followed by 05 years of CAMC for a customer of RAILTEL (COR) on a back-to-back basis.
IT stocks: Software and IT stocks witnessed another sharp overnight sell-off, with Infosys ADR falling 3.3%, Wipro ADR declining 2.6%, Globant dropping 7.3%, EPAM Systems plunging 17%, Cognizant slipping 2.7%, and Accenture losing 3.8%.
Oil-linked stocks: Shares of crude oil-sensitive stocks, including upstream oil companies, downstream firms, aviation, tyre, and paint companies, are expected to take centre stage on Friday, February 20.
This is because oil prices rose by around 2% on Thursday, reaching their highest levels in six months, as escalating tensions between the United States and Iran heightened concerns over potential supply disruptions in the oil-rich Middle East.
Brent crude futures rose $1.23, or 1.8%, to $71.58 a barrel at 1551 GMT, while U.S. West Texas Intermediate (WTI) crude gained $1.34, or 2.1%, to $66.53, according to Reuters.
Following a surge of more than 4% on Wednesday, Brent is on track for its highest close since July 31, and WTI is headed for its strongest settlement since August 1.
Waaree Energies: The company's board, at its meeting held on October 01, 2025, had approved the increase in the manufacturing capacity of Lithium-Ion Advanced Chemistry Storage Cells and Battery Energy Storage Systems (BESS) from 3.5 GWh to 20 GWh, along with an additional capital expenditure of approximately ₹8,000 crore in its wholly owned subsidiary, Waaree Energy Storage Solutions Private Limited.
The same was duly intimated to the stock exchanges on October 01, 2025, the company said in its filing to stock exchanges.
Texmaco Rail & Engineering: The company and Rail Vikas Nigam Limited (RVNL) on Thursday formalised their strategic partnership by signing the Joint Venture Shareholders’ Agreement at a ceremony in New Delhi, marking a defining step toward accelerating India’s rail manufacturing capabilities and strengthening its position as a global infrastructure solutions provider.
The signing of the Joint Venture Shareholders’ Agreement formally launches this next phase of collaboration, establishing a unified platform capable of delivering sustainable, scalable, and future-ready rail solutions for India and the world.
Zydus Lifesciences: The US Food and Drug Administration (USFDA) conducted a Pre-Approval Inspection (PAI) for injectable medical devices at the company’s Unit 9 facility located at Zydus Biotech Park, Changodar, Ahmedabad. The inspection was conducted from February 16 to 19, 2026.
The inspection closed with NIL observations.
Swiggy: Shares will be in focus, as, according to news reports, the company has decided to shutter Snacc, a dedicated app it launched for 15-minute food deliveries, just a year after the offering was launched, as the company struggled to make orders profitable.
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Swati Verma is a business journalist with 11 years of experience. She writes on equities, corporate earnings, sectoral trends, and industry outlook, among others. At Upstox, she leads financial markets coverage.
