Stocks to watch, February 24: Marico, oil-linked stocks, NTPC Green Energy, Jagsonpal Pharma, Granules India, TCS, Zomato, and more

At 7:59 AM, the GIFT NIFTY futures were trading at 22,691.50, up 76.50 points, or 0.34%.

This suggests that the NIFTY50 index will open 132 points lower today.

The company said it has inked definitive agreements for the sale of CVC Asia V's majority stake in Bengaluru-based Healthcare Global Enterprises (HCG) to KKR, a leading global investment firm.

CVC Asia V will sell up to a 54% stake in HCG to KKR at a purchase price of ₹445 per share, it said in a statement.

In a warning letter issued to the company's Managing Director Manish Gupta, the US Food and Drug Administration (USFDA) noted that the correspondence summarises significant deviations from Current Good Manufacturing Practice for APIs.

The US health regulator stated that it inspected the company's Bhiwadi-based plant in Rajasthan on March 20, March 27, and April 3, 2024.

After a gap of 5 years, RBI reduced the repo rate, the rate at which banks borrow from the central bank, by 25 basis points to 6.25% on February 7.

Following this, the benchmark rate for home loans has been reduced to 8.10%, one of the lowest in the banking industry, BoM said in a statement on Sunday.

At the same time, it said the car loan came down to 8.45% per annum.

The taxes paid include direct contributions like global taxes, duties, and other charges borne by the Adani portfolio of companies; indirect tax contributions and duties collected and paid on behalf of other stakeholders; and other levies such as social security contributed for the benefit of the employees.

The conglomerate helmed by billionaire Gautam Adani released its Tax Transparency Reports for the financial year 2023-24 (April 2023 to March 2024).

However, the MD also mentioned that as far as profitability is concerned, there is inflationary pressure on the material inputs in the second half of FY25, and the operating margin should be in the "broad region of 20%" helped by a strong and institutionalised cost management system.

The global technology company looks to address both local and global needs for power generation, transmission, distribution, and rail transportation, Rebellius said in his address at the Elecrama 2025 event organised by IEEMA in Greater Noida.

Speaking at the inaugural session of Elecrama 2025, Schneider Electric CEO Olivier Blum said that the company plans to make regular investments in India.

The company currently has 31 manufacturing plants in the country. The three new plants will come up at Kolkata, Hyderabad, and Ahmednagar, he said at the event organised by industry body IEEMA in Greater Noida.

The market valuation of TCS tanked ₹53,185.89 crore to ₹13,69,717.48 crore, PTI reported.

According to the block deal data available on the National Stock Exchange (NSE), SBI Mutual Fund acquired 6.41 lakh shares, or a 0.54% stake, in Mumbai-headquartered Alkem Laboratories.

The shares were picked up at an average price of ₹4,680 apiece, taking the transaction value to ₹300.32 crore.

Senn develops and manufactures peptides and peptide-based applications for its global customers, providing contract research, development, and manufacturing (CDMO) services.

The acquisition is expected to be completed in the first half of 2025, Granules India said in a statement.

Airtel Africa Mauritius Limited, which is a step-down subsidiary of Bharti Airtel, presently holds 57.29% of Airtel Africa plc.

The said acquisition is being done to increase the stake in Airtel Africa plc, it said.

The other six companies are Adani Ports and Special Economic Zone (APSEZ), Ambuja Cements, Hindalco Industries, ICICI Bank, Infosys, and SBI Life Insurance.

Premji Invest, through its affiliate PI Opportunities AIF V LLP, purchased 5.44 lakh shares of Bharti Airtel, 9.72 lakh shares of Jindal Steel & Power, 5.70 lakh shares of Reliance Industries, and 3.28 lakh shares in Infosys, according to the block deal data.

The flagship company of Brigade Group submitted an Expression of Interest (EOI) at the Invest Kerala Global Summit 2025 in the presence of Chief Minister Pinarayi Vijayan, a release issued by the company stated.

The company said it is the highest bidder with a final price offer of 1.10%. "The company has been declared as 'Preferred Bidder' for the Kauhari Diamond Block," Vedanta said in a regulatory filing.

The mine is at G4 level of exploration with a total area of 643.4169 hectares for the block.

As per the revisions, Bharat Petroleum Corporation Ltd. (BPCL) and Britannia Industries Ltd will be excluded from the index, according to a release from NSE Indices.

The bank has informed that the non-performing asset (NPA) of Gupta Power Infrastructure Ltd. has been declared a fraud, BoI said in a regulatory filing.

The board of directors at its meeting held on Friday has accorded approval to invest funds up to Euro 150 million in Bajaj Auto International Holdings BV, Netherlands (BAIH BV), the company said in a regulatory filing.

With the commissioning of this plant, its total operational renewable generation capacity has increased to 11,916.1 MW, AGEL said in an exchange filing.

Moody’s Ratings, as a second-party opinion, has evaluated and assigned this rating, recognising SCNL’s strong alignment with international sustainability standards, the MFI said in an exchange filing.

It said the recognition highlights its dedication to financial inclusion, community resilience, and long-term social progress.

Equipped with the A18 chip and a 48MP 2-in-1 camera system, the iPhone 16e will be available for pre-order starting February 21.

The handsets will be available for purchase from February 28 onwards, a press release said.

In a regulatory filing, Niva Bupa said that it was conducting an investigation into the data leak threat.

"We have received communication(s) from an anonymous sender. The threat actor, via email, claims to have the customer data of Niva Bupa," the company said in a regulatory filing.

The investment builds on ₹500 crore the healthcare provider has already put in the state in the last three years.

Aster currently operates seven hospitals in Kerala, with a total capacity of 2,635 beds, contributing to 53% of the company’s India revenue.

The project has been awarded by Venkatesh Infra Projects and will be executed in six months, the company said in a statement on Sunday.