Stocks To Watch, February 25: IRFC, IT stocks, RVNL, Waaree Energies, Dr Reddy's, Tata Group stocks, Voltas, Schaeffler India

The S&P 500 rose 0.77% to close at 6,890.07, while the Nasdaq Composite gained 1.04% to settle at 22,863.68. The Dow Jones Industrial Average climbed 370.44 points, or 0.76%, to end at 49,174.50.

The issue is scheduled for February 26 on the Electronic Bidding Platform of the National Stock Exchange, Canara Bank said in a statement.

Canara Bank is set to raise up to ₹5,000 crore through Basel III-compliant Tier 2 bonds, it said.

In a regulatory filing dated February 24, the Navratna company stated that it received the letter of acceptance (LoA) for the “design, supply, erection, testing and commissioning of 220/132/55 KV Traction Substation, Sectioning Post (SPs) and Sub Sectioning Post (SSPs) in 2 x 25 KV Traction System (Scott Connected Transformer) of Daund - Solapur Sections of Central Railway, to meet 3000 MT loading target on EPC mode.”

Liraglutide is a drug-device combination formulation used in the treatment of chronic weight management, indicated as an adjunct to a reduced-calorie diet and increased physical activity.

Paytm Silver enables disciplined savings in small amounts, supporting gradual accumulation over time while offering flexibility for festivals, milestones, and future financial needs, the company said in a statement.

The company has witnessed strong adoption in Paytm Gold, it said, adding that building on this momentum, the introduction of silver provides another asset for long-term accumulation.

The government has fixed the floor price of ₹104.00 per equity share for the OFS, IRFC said in a regulatory filing.

At ₹104 per unit, the government would be able to garner about ₹5,430 crore by offloading up to a 4% stake in the company under the Ministry of Railways.

"Offer for Sale for Indian Railway Finance Corporation (IRFC) opens tomorrow for non-retail investors. Retail investors can bid on Thursday. The government offers to disinvest 2% equity in the IRFC with an additional 2% as a green shoe option," Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X.

Schaeffler India had delivered a standalone net profit of ₹249.33 crore in the fourth quarter of 2024, according to a regulatory filing.

Revenue from operations in the quarter under review stood at ₹2,643 crore, up 27% from ₹2,082.31 crore registered in Q4 CY24, the company said in the filing.

Schaeffler India follows the calendar year (January-December) for financial reporting.

The Hyderabad-based drugmaker had commenced a detailed investigation into an anonymous complaint about allegations of improper payments to healthcare professionals in Ukraine and potentially in other countries, which could constitute a violation of US anti-corruption laws, including the US. Foreign Corrupt Practices Act.

The matter was accordingly disclosed to the US Department of Justice, the US Securities and Exchange Commission (SEC), and the Securities and Exchange Board of India (SEBI).

According to a _PTI _report that quoted sources, Noel Tata, the chairman of Tata Trusts, which owns two-thirds of the corporate grouping, set a slew of conditions for the reappointment of Chandrasekaran, which ultimately led to the decision being deferred.

Chandrasekaran's term ends in February 2027, and the board of Tata Sons was discussing extending the same when a set of conditions was put forth by Noel Tata, sources said.

ICRA also estimates the domestic air passenger traffic to grow by 6-8% and touch 175-179 million passengers in FY2026-27.

ICRA, in December 2025, had revised its domestic air passenger growth estimates to 0-3% for the current financial year from 4-6% envisaged earlier.

The country's leading air-conditioning manufacturer, having a market share of around 18 per cent in the domestic market, expects domestic AC sales to grow by 15-20% in 2026 over last year, which turned out to be exceptionally bad for the entire industry.

"As there is a requirement for more copper, aluminium, and steel, it leads to a 5-15% increase in the production cost per unit," Menon noted.

As part of the on-highway portfolio, BKT introduced purpose-built tyres for two-wheelers (scooters and motorcycles) and medium and heavy commercial vehicles (M&HCV) to cater to the fast-growing consumer and replacement tyre segments.

The company also said, under Vision 2030, it aims to grow overall revenue to approximately ₹23,000 crore by FY30, with a projected revenue mix of around 70% from off-highway tyres, around 10% from third-party carbon black sales, and the remaining around 20% from on-highway tyre categories.

The decision was taken by the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, at its first meeting at the Prime Minister's new office, Seva Teerth.

"The CCEA has approved enhanced delegation to Powergrid under the guidelines dated February 4, 2010, of the Department of Public Enterprises (DPE) on delegation of powers applicable to 'Maharatna' CPSEs.

Afcons Infrastructure: The company informed exchanges that Société Autoroutière du Gabon (SAG), its private client, has now issued notice of termination for an EPC project worth EUR 113.03 million. Afcons Infra said that the major portions of the project (approx. 93.47% as of December 31, 2025) have been completed and opened to traffic nearly two years ago. Certain balance portions are awaiting land handover.

"The Company believes that the termination by the Client is inconsistent with the contractual terms and applicable law. It continues to pursue its contractual and legal remedies. The dispute is project-specific and does not impact the company's overall order book, operational capability, or business outlook. The termination is not expected to have any material adverse impact on the company's ongoing operations or execution of other projects," Afcons Infra added.