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Stocks in Focus: Vodafone Idea, Oil India, IRCTC and Others

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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 rebounded on Thursday amid a buying frenzy in IT, automobile, and technology stocks. Nifty soared 162.40 points or 0.74% to close at its highest-ever closing of 23,227.45, while Sensex climbed 535.15 points or 0.74% to 73,158.24.

Here are some stocks that are likely to remain in focus on February 23.

IRCTC: The railway company has entered into a collaboration with Bundl Technologies Pvt Ltd (Swiggy Foods) for the supply and delivery of pre-ordered meals through the IRCTC e-catering portal. The first phase will be conducted as a Proof of Concept (PoC) at four major railway stations: Bengaluru, Bhubaneswar, Vijayawada, and Visakhapatnam.

Bandhan Bank: The commercial banking company appointed ex-Citi CEO Rajeev Mantri as its Chief Financial Officer (CFO) and Key Managerial Personnel effective February 22. 

Angel One: The brokerage house plans to raise Rs 2,000 crore through preferential issues, Qualified Institutional Placements (QIP), or other modes aiming to enhance financial flexibility, expand its offerings beyond equity and mutual funds and seize emerging opportunities in both broking and fintech.

Oil India: The petroleum company has inked a Memorandum of Understanding (MoU) with The Fertilisers And Chemicals Travancore (FACT) to explore opportunities in the realm of Green Hydrogen, including Green Ammonia, Green Methanol, and other derivatives.

Bajaj Auto: The automobile company invested Rs 45.75 crore in Yulu Bikes on February 22, bringing its shareholding to 18.8%. 

Ashok Leyland: The automotive company has achieved the production milestone of three million vehicles and plans to set up a new integrated commercial vehicle plant focused on green mobility in Uttar Pradesh.

IRB Infrastructure Developers: The board of directors of the construction engineering company has approved issuing foreign currency-denominated bonds to raise up to $550 million via public or private placement to eligible investors.

Vodafone Idea: The mobile network operator’s board is set to meet on February 27 to consider fundraising proposals.

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