Stock to Watch Today - Rupeedesk Reports - 19.02.2025
Stock to Watch Today - Rupeedesk Reports
Stock to Watch Today - Rupeedesk Reports
Buzzing Stocks : Tata Steel, Mahindra Lifespace, Aurobindo, Rail Vikas Nigam, Piramal Pharma, Hexaware in focus on 19 February.
Tata Steel : Neath Port Talbot Council’s Planning Committee has approved Tata Steel UK’s proposals to deliver electric arc furnace steelmaking in Port Talbot. This is a 1.25 billion pound investment, supported by 500 million pound of UK Government funding. The investment will preserve 5,000 Tata Steel UK jobs and reduce on-site CO2 emissions by 90%.
Indian Overseas Bank : The Board has appointed Madhaw Chandra Jha as the Chief Financial Officer of the bank, effective March 1, 2025, as S P Mahesh Kumar, General Manager & Chief Financial Officer, is superannuating on February 28. Currently, Madhaw Chandra Jha is the Deputy General Manager of the bank.
Aurobindo Pharma : The United States Food and Drug Administration (US FDA) conducted a pre-approval inspection at Eugia Steriles, a 100% subsidiary of Eugia Pharma Specialities and a stepdown subsidiary of the company, at Anakapalli, Andhra Pradesh, during February 10–18, 2025. The US FDA concluded the inspection with 5 observations, which are procedural in nature.
Mahindra Lifespace Developers : The real estate company has partnered with Livingstone Infra for a cluster redevelopment project in Mahalaxmi, with a gross development value of Rs 1,650 crore.
Rail Vikas Nigam : The company has received a Letter of Acceptance for a project worth Rs 554.5 crore from Rail Infrastructure Development Company (Karnataka). The project involves the construction of 9 stations with all associated works for the Bengaluru Suburban Rail Project.
Piramal Pharma : The US FDA conducted a general GMP inspection at the company’s Turbhe facility during February 11–17 and issued a Form 483 with 6 observations. The observations are largely related to the improvement of procedures and practices, and are not related to data integrity.
Transformers & Rectifiers India : The company has secured orders worth Rs 166.45 crore from Hyosung T&D India for the supply of single-phase coupling transformers and single-phase transformers for TBCB projects.
Larsen & Toubro : The company has acquired the remaining 26% stake in L&T Special Steels and Heavy Forgings from the Nuclear Power Corporation of India (NPCIL) and has also executed the Joint Venture Termination Agreement with NPCIL. After the acquisition, L&T Special Steels has become a wholly owned subsidiary of the company.
Container Corporation of India : The company has awarded an order for the manufacture and supply of 30 BLSS (spine car) rakes on a turnkey basis to the government company Braithwaite & Co. under the Ministry of Railways. The value of the order, excluding freight charges (including GST), is Rs 689.76 crore, and the supplies are to be completed by August 11, 2026.
Cello World : The company reported a fire incident in one of the furnaces at the Daman unit of Cello Industries, its wholly owned subsidiary, on February 18. The fire was controlled quickly with the help of the fire brigade, and there were no casualties or injuries. Cello Industries has adequate insurance coverage and is also covered under a loss of profit policy.
RBM Infracon : The company has received a service order worth Rs 7.22 crore from Reliance Industries for mechanical works for Phase-1B.
Bharti Airtel : Promoter entity Indian Continent Investment sold 0.84% of its stake in Airtel at an average price of Rs 1,660 per share, valued at Rs 8,485.1 crore. According to block deals, some of the investors involved were ABS Direct Equity Fund, Abu Dhabi Investment Authority, Ashoka India Equity Investment Trust Plc, GQG Partners, Fidelity Institutional Funds, Goldman Sachs, ICICI Prudential MF, India Acorn Fund, JP Morgan Chase, Lazard Asset, National Pension System (NPS) Trust, Nordea 1 Sicav, RBC Funds, Redwheel Emerging Markets Equity Master Fund, SBI Life Insurance Company, Vanguard, White Oak India Equity Fund, and William Blair. Promoter Bharti Telecom also bought 0.2% of the stake in Airtel.
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