Stocks to watch: The domestic stock market will likely open in the red on Friday, February 21. At 7:56 AM, the GIFT NIFTY futures were trading at 22,860.50, down 55 points, or 0.24%. This suggests that the NIFTY50 index will open 82 points lower.
In the overnight trade, US stocks ended lower as Walmart's sales and profit guidance dented investor sentiment. The Dow Jones Industrial Average fell 450.94 points, or 1.01%, to 44,176.65; the S&P 500 lost 26.63 points, or 0.43%, to 6,117.52; and the Nasdaq Composite lost 93.89 points, or 0.47%, to 19,962.36.
Here is a list of stocks that may remain in focus today.
ISGEC Heavy Engineering: Global investment banking major Goldman Sachs on Thursday exited
ISGEC Heavy Engineering, by selling its 1.4% stake in the company for ₹96 crore through an open market transaction.
US-based Goldman Sachs, through its arm Goldman Sachs Funds, sold 10.43 lakh shares, or a 1.42% stake, in ISGEC Heavy Engineering, as per the bulk deal data available on the National Stock Exchange (NSE).
Quality Power: Shares of the company will be listed on the NSE and the BSE today at 10 AM.
TCS: Tata Consultancy Services (TCS) on Thursday announced a new collaboration with Salesforce to help customers in the manufacturing and semiconductor industries drive value from artificial intelligence.
Ceigall India: The infrastructure company on Thursday said it has achieved financial closure for two projects in Uttar Pradesh. The total project value is ₹2,498.50 crore, Ceigall India said in a statement.
Vedanta: Mining major
Vedanta on Thursday said it has raised ₹2,600 crore through the issuance of non-convertible debentures.
In a filing on BSE, Vedanta said the committee of directors of the company has approved the allotment of 206,000 rupee-denominated unsecured, redeemable, rated, listed, non-convertible debentures of face value of ₹1 lakh each, aggregating to ₹2,060 crore (Series 1 debentures).
Tata Power: The company on Thursday announced its partnership with Amazon Web Services to drive smart and consumer-centric energy transition in India through modernization of its digital infrastructure and energy management.
Tata Power has embarked on a data-driven transformation with Amazon Web Services (AWS) to accelerate the country’s transition to a greener, smarter, and more consumer-centric energy ecosystem, the company said in a statement.
Tata Steel: Tata Steel on Thursday said it has acquired over 191 core equity shares of T Steel Holdings Pte Ltd for USD 300 million (₹2,603.16 crore).
T Steel Holdings Pte. Ltd. (TSHP) is the Singapore-based arm of homegrown steel giant Tata Steel.
JM Financial: JM Financial said it has received the order from the Deputy Commissioner of Income Tax, Government of India. As per the said order, the company would receive an aggregate amount of ₹230 crore (including interest) as and by way of refund.
NTPC Green Energy: NTPC Green Energy Limited (NGEL) and Bharat Light and Power Private Limited (BLP) signed a Memorandum of Understanding (MoU) on Thursday to address the need for pacing green energy objectives and the GoI’s efforts towards a carbon-neutral economy. The MOU is to jointly explore the off-take of green hydrogen and its derivatives from NGEL and its affiliates to third parties.
Grindwell Norton: The company announced the appointment of Venugopal Shanbhag as Managing Director of the company with effect from April 1, 2025, to March 31, 2030, and the appointment of Hari Singudasu as a Whole-Time Director designated as Executive Director of the company with effect from April 1, 2025, to March 31, 2030.
RVNL: Rail Vikas Nigam Limited in consortium with M/s HFCL & Aerial Telecom Solutions has signed a project implementation agency (PIA) agreement with M/s Bharat Sanchar Nigam Limited (BSNL) on Thursday, February 20.
CIE Automotive India: The company's revenue fell 5.8% to ₹2,110 crore vs. ₹2,240 crore. EBITDA was down 8.6% at ₹299 crore against ₹327 crore logged in the corresponding quarter of the previous fiscal year.
Religare Enterprises: The Burman family on Thursday, February 20, acquired control of financial services firm Religare Enterprises and were designated as its promoters after almost 18 months of a takeover battle. "We are grateful to our regulators, shareholders, and other stakeholders for their trust and confidence," the Burman family said in a statement.
