The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.81% lower by 183.5 points at 22,608.5, indicating that the domestic benchmark indices are likely to make a negative start on Monday.
On Friday, 21 February, Domestic benchmark indices S&P BSE Sensex slumped by 425 points or 0.56% and settled at 75,311.06, while the Nifty50 traded 0.51% lower by 117 points, settling at 22,795.06.
Here are some stocks that are likely to remain in focus on 24 February.
NTPC: The company has announced its intention to enter into a partnership agreement with EDF India, which is a subsidiary of French firm Electricite de France, to set up pumped hydro storage and hydro projects bundled with renewable energy projects and explore opportunities in the distribution business.
RailTel Corporation: The company has been awarded the Kavach tender for 71 stations over a 502 km route under the Danapur and Sonpur divisions of East Central Railway.
Lupin: The company has announced receiving an Establishment Inspection Report (EIR) from the US Food and Drug Administration (USFDA) for their manufacturing facility in Somerset, New Jersey.
Swiggy: The company has announced that it is investing Rs 1,000 crore in Scootsy, which is the company’s supply chain arm, after receiving approval from the board, highlighting its aggressive push into the supply chain and logistics.
Jagsonpal Pharmaceuticals: The company has announced signing a Business Transfer Agreement (BTA) to acquire the India business of Resilient Cosme-Ceuticals for a total consideration of Rs 24 crore.
Coal India: The company has announced that it is executing a non-binding shareholder agreement (SHA) term sheet with EDF India to form a joint venture for undertaking PSP projects, including other renewable energy projects.
Rail Vikas Nigam: The company has announced emerging as the lowest bidder for a project worth Rs 156.35 crore from South Western Railway. The scope of the order entails EPC for the design, supply, erection, testing, and commissioning of a 2×25 KV OHE and PSI system between Rayadurga (excluding) and Pavagada (including) of the TK-RDG section.
Granules India: The Board of Directors of the company have approved acquiring a 100% stake in Switzerland-based Senn Chemicals AG for a total consideration of Rs 192.5 crore, making it a wholly-owned subsidiary of the company.
Ami Organics: The company’s board have approved the stock split of 1:2, wherein one share with a face value of Rs 10 each will be split into two shares with a face value of Rs 5 each.
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