The GIFT Nifty futures were trading in a flat to positive range before the market’s opening on Monday. Indices are expected to open on a similar lacklustre note.

Domestic benchmark indices NSE Nifty 50 and S&P BSE Sensex continued their winning streak for the fourth consecutive session amid a firm trend in the global markets. Nifty gained 129.95 points or 0.59% to settle at 22,040.70, while Sensex added 376.36 points or 0.52% to end at 72,426.64.

Here are some stocks that are likely to remain in focus on February 19.

Tata Power: The electric power distribution company has received a Letter of Intent (LoI) from REC Power Development to acquire Jalpura Khurja Power Transmission for consideration of Rs 838 crore.

Bajaj Auto: The board of the automobile company has fixed February 29, 2024, as the record date for determining shareholders eligible to participate in a Rs 4,000 crore share buyback.

ITI Ltd: The telecommunications equipment company has signed a Memorandum of Understanding (MoU) with JandK Operations Pvt Ltd to manufacture and provide BharOS-enabled digital devices and services. 

Life Insurance Corporation (LIC): The state-owned insurance company received a tax refund of Rs 21,740.77 crore from the Income Tax Department on February 15, 2024, for the assessment years 2012-13 to 2019-20. LIC also announced the launch of its new product, LIC’s Amritbaal. 

NTPC, NALCO: The companies have entered into an initial agreement wherein NTPC would supply over 1,200 MW of round-the-clock power for Nalco’s operations in Odisha.

PB Fintech: The company’s wholly-owned subsidiary, Policybazaar, received approval from the Insurance Regulatory and Development Authority of India (Irdai) to upgrade its license from a direct insurance broker to a composite insurance broker.

Titagarh Rail Systems: The railway company bagged a Rs 170 crore order from the Defence Ministry to manufacture and supply 250 specialised wagons over three years.

One 97 Communication (Paytm): The Reserve Bank of India (RBI) officially confirmed that Paytm’s QR, Soundbox and card machine will continue functioning as always, ensuring seamless operations even after March 15. Paytm has strategically shifted its nodal account to Axis Bank to maintain uninterrupted merchant settlements as before.