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Stocks to watch: Shares of firms like Vedanta, Tata Steel, RVNL, Max Healthcare, Allcargo Gati, and others will be in focus on Wednesday’s trade
Stocks To Watch
Stocks To Watch On February 19: Indian markets ended Tuesday’s session with modest declines, pulled down by FMCG, auto, and bank stocks. With the exception of Monday, the frontline indices have posted negative closes in 9 of the last 10 sessions. The S&P BSE Sensex closed at 75,967.39, down by 29.47 points or 0.04%, while the Nifty 50 ended at 22,945.30, falling by 14.20 points or 0.06%.
As markets resume trading today, several stocks will be in focus due to important updates:
Vedanta
Vedanta has secured 83% creditor approval for its proposed demerger, overcoming a critical hurdle in its restructuring plan. The proposal needed at least 75% creditor support to proceed, and with this approval, Vedanta is set to split its business operations into independent entities.
Max Healthcare
Max Healthcare Institute’s stock is in the news as the company announced the resignation of its Director of Legal and Regulatory Affairs, Rakesh Kaushik. His resignation will take effect at the end of the day on March 28, 2025, marking the end of his tenure as a senior management personnel.
Tata Steel
Tata Steel UK has received approval from the Neath Port Talbot Council’s Planning Committee for its plans to transition to electric arc furnace steelmaking in Port Talbot. This £1.25 billion project, supported by £500 million from the UK Government, is expected to safeguard 5,000 jobs and reduce on-site CO2 emissions by 90%.
Indian Overseas Bank
Indian Overseas Bank has appointed Madhaw Chandra Jha as its Chief Financial Officer, effective March 1, 2025. He will replace S.P. Mahesh Kumar, the current CFO, who will retire on February 28. Jha is currently the bank’s Deputy General Manager.
Aurobindo Pharma
The US FDA conducted a pre-approval inspection at Eugia Steriles, a 100% subsidiary of Aurobindo Pharma, in Anakapalli, Andhra Pradesh, from February 10–18, 2025. The inspection concluded with five procedural observations.
Mahindra Lifespace Developers
Mahindra Lifespace Developers has partnered with Livingstone Infra for a Rs 1,650 crore cluster redevelopment project in Mahalaxmi.
Allcargo Gati
Allcargo Gati reported its operational update for January 2025, posting a total volume of 99kt, which includes both surface and air express. This marks a slight increase from January 2024 (97kt) but a decrease from December 2024 (113kt).
Rail Vikas Nigam
Rail Vikas Nigam has secured a Rs 554.5 crore project from the Rail Infrastructure Development Company (Karnataka) to construct nine stations and associated works for the Bengaluru Suburban Rail Project.
Piramal Pharma
Piramal Pharma’s Turbhe facility underwent a general GMP inspection by the US FDA from February 11–17. The FDA issued a Form 483 with six observations related to procedural improvements, not concerning data integrity.
Transformers & Rectifiers India
The company has won orders worth Rs 166.45 crore from Hyosung T&D India for the supply of single-phase coupling transformers and transformers for TBCB projects.
Larsen & Toubro
Larsen & Toubro has acquired the remaining 26% stake in L&T Special Steels and Heavy Forgings from NPCIL, making it a wholly owned subsidiary. The company has also terminated its joint venture agreement with NPCIL.
Container Corporation of India
Container Corporation of India has received an order worth Rs 689.76 crore for the manufacture and supply of 30 BLSS (spine car) rakes to Braithwaite & Co., a government company under the Ministry of Railways. The supplies are scheduled for completion by August 2026.
Cello World
A fire broke out in one of the furnaces at Cello Industries’ Daman unit on February 18. The fire was quickly contained with no casualties or injuries. The company has sufficient insurance coverage, including a loss of profit policy.
RBM Infracon
RBM Infracon has secured a Rs 7.22 crore service order from Reliance Industries for mechanical works related to Phase-1B.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
