The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.15% lower by 35 points at 22,923, indicating that the domestic benchmark indices are likely to make a negative start on Thursday.
On Wednesday, 19 February, Domestic benchmark indices S&P BSE Sensex slumped by 28.21 points or 0.04% and settled at 75,939.18, while the Nifty50 traded 0.05% lower by 12.40 points, settling at 22,932.90.
Here are some stocks that are likely to remain in focus on 20 February.
Waaree Energies: The company announced securing an order for supplying 362.5 MWp of solar photovoltaic modules to a major renewable power developer, Khaba Renewable Energy.
Bharat Forge: The subsidiary of the company, Kalyani Strategic Systems, has announced signing a letter of intent with AM General to supply made-in-India advanced artillery cannons.
RITES: The company has announced signing a Memorandum of Understanding (MoU) with Central Water and Power Research Station as a subordinate office of the Department of Water Resources, River Development, and Ganga Rejuvenation, Ministry of Jal Shakti.
Orchid Pharma: The company’s Active Pharmaceutical Ingredient (API) manufacturing facility in Alathur, Tamil Nadu, was inspected by the US Food and Drug Administration (USFDA) and concluded with seven minor observations.
Patanjali Foods: The Rs 186 crore tax demand that was raised by the Income Tax Department has been quashed by the Supreme Court. The tax notice was in regard to the pre-corporate Insolvency Resolution Process period.
Mahindra and Mahindra: The company has announced its collaboration with US-based Anduril Industries to integrate AI and autonomous technologies within global defence solutions.
Sundaram-Clayton: The company has announced its plans to divest in its aluminium die-casting operations at its Hosur facility. The company is already in talks with potential buyers.
DLF: The company has received approval from the National Company Law Tribunal to merge four of its subsidiaries, which are DLF Info City Developers (Kolkata), DLF Lands India, DLF Emporio, and DLF City Centre.
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