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MARKETS

Stocks in Focus: TVS Motors, Bharat Petroleum, Dilip Buildcon and Others

The mid-cap and small-cap indices performed well with respective rises of 0.8% and 1.1%.

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

Domestic benchmark indices NSE Nifty 50 and S&P BSE Sensex ended slightly higher on Thursday. Nifty added 70.70 points or 0.32% to settle at 21,910.75, while Sensex settled with a gain of 227.55 points or 0.32% at 72,050.38.

Here are some stocks that are likely to remain in focus on February 16.

Dilip Buildcon: A joint venture between Dilip Buildcon and Vijay Kumar Mishra Construction was declared the lowest bidder for a Rs 412.92 crore tender floated by the Water Resources Department, Madhya Pradesh, for the construction of the Machhrewa irrigation project dam and pressurised pipe irrigation network on a Turnkey basis.

InterGlobe Aviation, SpiceJet: According to data from the Directorate General of Civil Aviation (DGCA), domestic air passenger traffic grew 4.7% year-on-year to 1.31 crore in January. Further, the civil aviation regulator added that IndiGo saw a slight dip in its market share to 60.2%, while the market share of SpiceJet remained unchanged at 5.6%. 

B.L. Kashyap and Sons: The construction engineering company bagged a Rs 208 crore order from Manyata Promoters to construct blocks D1 and D2 at Embassy Manyata Business Park Campus, Bangalore.

Bharat Petroleum Corporation Ltd (BPCL): The petroleum refinery company has undertaken a pilot project for handling hydrogen for the automobile sector.

UPL Ltd: Global rating agency Fitch Ratings has downgraded the agrochemicals company’s long-term issuer default rating to ‘BB+’ from ‘BBB-‘ with a negative outlook on account of the decline in global crop protection industry demand and production overcapacity in China.

Oil and gas stocks: The Government has hiked the windfall tax on petroleum crude to Rs 3,300 per metric tonne from Rs 3,200, while that on diesel has been increased from zero to Rs 1.50 a litre, effective from February 16

TVS Motor Company: The automobile company has acquired a 28.57% stake in the Indian Foundation for Quality Management through a subscription of newly issued shares for Rs 2.5 crore.

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