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Stocks in Focus: Whirlpool, Kotak Mahindra Bank, Godrej Consumer and Others

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The GIFT Nifty futures were trading in a negative to flat range before the market’s opening on Tuesday. 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 fifth consecutive session, driven by gains in financial and FMCG shares. Nifty rose by 81.55 points or 0.37% to close at its all-time high of 22,122.25, while Sensex settled 281.52 points or 0.39% higher at 72,708.16. 

Here are some stocks that are likely to remain in focus on February 20.

Godrej Consumer Products: The FMCG company has inked an agreement to sell its entire stake in its Mauritius-based unit, Godrej East Africa Holdings, to HKG Africa Weave for a consideration of Rs 30 crore.

Deepak Fertilisers & Petrochemicals: The chemical industry company has entered into a long-term supply agreement for Liquefied Natural Gas (LNG) with Equinor ASA, Norway.

LTIMindtree: The IT company introduced a GenAI-powered autonomous sourcing platform, Navisource.AI, aiming to reduce overall procurement costs by 10-15%.

NBCC (India): The management consulting company has secured three work orders worth Rs 369.05 crore. 

Kotak Mahindra Bank: The financial services company has announced the appointment of Devang Gheewalla as the Chief Financial Officer and Key Managerial Personnel and Milind Nagnur as the bank’s Chief Operating Officer.

ONGC: Shareholders of the state-owned oil and natural gas company’s Cyprus-based step-down unit, IEL, have approved the merger of five arms with itself. Post-merger, ONFC will have three step-down units in Cyprus.

Torrent Power: The utility company plans to invest Rs 25,000 crore to develop four pumped storage hydro projects, green hydrogen projects, and solar energy generation projects in Uttar Pradesh.

Whirlpool of India: The promoter of the company, Whirlpool Mauritius, is planning to divest a 24% stake via a block deal at a floor price of Rs 1,230 per share, aggregating to Rs 3735 crore.

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