Stocks to watch, February 28: Transrail Lighting, Premier Energies, Tata Power, LIC, Sanofi India, Denta Water, and more

At 7:53 AM, the GIFT NIFTY futures were trading at 22,541, down 14 points, or 0.06%. This suggests that the NIFTY50 index will open 143 points lower.

In the overnight trade, major Wall Street indexes closed lower as fresh US data hurt sentiment and tech stocks weighed. Data showed jobless claims stood at 242,000, higher than estimates of 221,000.

In the commodity market, oil prices climbed over 2% as supply concerns resurfaced.

With the latest win, its order book has touched the level of ₹7,400 crore, the company said in a statement.

The company's MD & CEO, Randeep Narang, said, "With this addition, our YTD order inflows have crossed ₹7,400 crore; this is a growth of 90% vis-a-vis last year, further strengthening our position in the industry.

The company has received a communication/demand order for interest and penalty for Maharashtra on February 27 from Deputy Commissioner of State Tax, Mumbai, LIC said in a regulatory filing.

The demand notice pertains to wrong availment and short reversal of Input Tax Credit (ITC), interest on late payments, and short payment of tax liability, it said.

The project is awarded under the CPSU Scheme Tranche-III, a Tata Power statement said.

The contract, valued at approximately Rs 632 crore, entails the delivery of high-quality DCR (Domestic Content Requirement) modules to the designated site in Ramagiri, Andhra Pradesh, it added.

This funding will support capital expenditure projects for entities such as Madhya Pradesh Power Generation Company Ltd. (MPPGCL), Madhya Pradesh Power Transmission Company Ltd. (MPPTCL), and MP discoms (distribution companies), PFC said in a statement.

The company's board also recommended a final dividend of ₹117 per equity share of the face value of ₹10 each for the financial year ended 31st December 2024.

According to Nuvama Alternative and Quantitative Research, as many as 10.6 crore shares of the company will become eligible to trade today as the lock-in period ends. The number of shares mentioned amounts to 23% of the company's outstanding equity, news reports say.

Further, shares of Denta Water & Infra will also be in focus as its three-month shareholder lock-in period ends today. That will make 10 lakh shares, or 4% of the company's outstanding equity, eligible for trading.

The official data showed that air traffic grew 11.28% to 1.46 crore in January compared to the year-ago period.

IndiGo saw its market share climb to 65.2% while that of Air India Group declined to 25.7% last month.

Akasa Air and SpiceJet saw their respective market share increased to 4.7% and 3.2%, respectively.

The additional charge is expected to generate around ₹3,877.50 crore, NCL said in a regulatory filing.

The levy will be applied uniformly on top of the notified price of coal.

"We will respond within the stipulated timeframe and seek a meeting with the FDA to demonstrate ongoing progress towards compliance. We remain confident that this matter will be resolved satisfactorily within a reasonable timeframe," the company said.