Let's catch up on the latest news from the stock market. From significant investments to major deals, appointments, order wins and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
CIE Automotive India, John Cockerill India, Hindustan Adhesives, Sanofi Consumer Healthcare India, and Vasudhagama Enterprises will release their quarterly earnings on February 20.
Stocks To Watch
HFCL has become the first company to sign an agreement with BSNL as the Project Implementation Agency under the BharatNet Phase-III Programme for executing a project worth Rs 2,501.3 crore in the Punjab Telecom Circle. The company will now take immediate steps to commence project implementation. On January 16, HFCL received an advance work order from Bharat Sanchar Nigam for Rs 2,501.30 crore for executing the said project.
The transport infrastructure consultancy has signed a Memorandum of Understanding (MoU) with the Central Water and Power Research Station (CWPRS) to collaborate on engineering consultancy services and research & development projects in water resources, marine, and inland waterways infrastructure.
The Supreme Court has quashed the demand order of Rs 186 crore for the pre–Corporate Insolvency Resolution Process (CIRP) period raised by the Income Tax Department on the company.
The Board has shown its willingness to accept the proposal from the Department of Fertilizers for becoming part of the proposed joint venture company, with 18% equity, for setting up a new Ammonia-Urea Complex at the Namrup IV fertilizer plant in Namrup, Assam.
The company has received an order for the supply of solar modules for 362.5 MWp from Khaba Renewable Energy, a subsidiary of Engie India.
Indian Renewable Energy Development Agency (IREDA) and Tata Technologies
The National Stock Exchange has announced that futures and options contracts on both securities will be available for trading, effective February 28.
The US Food and Drug Administration (USFDA) conducted an inspection at the company’s Active Pharmaceutical Ingredient (API) manufacturing facility in Alathur, Tamil Nadu, during February 10-18. The inspection concluded with seven minor observations, none of which pertain to the data integrity of the facility. The Alathur facility specializes in the production of Cephalosporin antibiotics, a critical class of life-saving drugs.
The engineering solutions company announced the appointment of Sukamal Banerjee as Executive Director and Chief Executive Officer of its DET business, effective February 19. He will also serve on the Board of Directors of Cyient.
The Joint Commissioner of State Tax in Mumbai has ordered HDFC Bank and ICICI Bank to provisionally attach the operative bank accounts of the company held in these banks. The tax authority’s order will have no financial impact on the entity.
The company has signed an MoU with the Government of Goa to support the growth of the MSME ecosystem in the state.
The company’s subsidiary, Kalyani Strategic Systems, has signed a Letter of Intent with AM General, USA, for the supply of made-in-India advanced artillery cannons to the United States. This is the first-ever supply of cannons from an Indian defense manufacturer to the United States.
The company’s subsidiary, Torrent Green Energy, has incorporated its subsidiary, Torrent Urja 30.
The Board has approved the sale of the high-pressure and low-pressure aluminum die-casting businesses at the company’s Hosur plant to one or more third-party purchasers.
The Board has approved the appointment of Abhinandan Gupta as the Chief Financial Officer of the company, effective February 19.
Bulk Deals
Goldman Sachs (Singapore) Pte bought 7.28 lakh shares in the company at an average price of Rs 5,504.42 per share, amounting to Rs 401.19 crore.
Samvitti Capital - Active Alpha Multicap sold 1.15 lakh shares in the company at an average price of Rs 683.49 per share, valued at Rs 7.88 crore.
Stocks Trade Ex-Dividend
Indian Railway Catering and Tourism Corporation, Procter & Gamble Hygiene & Health Care, AVT Natural Products, Esab India, Shivalik Bimetal Controls
F&O Ban
Manappuram Finance
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