🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Novartis India: Promoter Novartis AG has entered into a definitive agreement to sell its entire 70.68% stake in the Indian subsidiary to a consortium comprising WaveRise Investments, ChrysCapital Fund X, and Two Infinity Partners. The deal involves the transfer of 1.74 crore shares.
• Waaree Energies: The company is in active discussions with state governments for a new greenfield facility and has announced a massive ₹8,000 crore capital expenditure plan to scale its battery storage capacity from 3.5 GWh to 20 GWh.
• Zydus Lifesciences: The company received a boost as the USFDA concluded its pre-approval inspection at the Ahmedabad injectable device unit with "Zero Observations," clearing a significant regulatory hurdle for future launches.
• Federal Bank: The private lender is set to receive a substantial tax refund of ₹686 crore, which is expected to provide a one-time lift to its bottom-line performance.
• BGR Energy: The stock is in focus after settling legacy VAT dues with the Rajasthan government. The company paid only ₹29.1 crore against a total demand of ₹634 crore, securing a massive waiver of approximately ₹600 crore in interest and penalties.
• Texmaco Rail & Engineering: The company has signed a joint venture agreement with Rail Vikas Nigam Limited (RVNL) to collaborate on next-generation rolling stock and expand its footprint in the global rail EPC market.
• RailTel Corporation: The state-owned firm has bagged a new railway signaling order worth ₹35.54 crore, with an execution timeline of 24 months.
• Indian Bank: The PSU lender continues to trade near record highs with strong technical momentum; analysts suggest further upside potential toward the ₹980 mark.

Neutral Developments

• Corporate Actions (Dividends/Splits): Several stocks will see price adjustments today. IRCTC (₹3.5/share) and Power Finance Corporation (₹20/share) are trading ex-dividend. Titan Biotech will trade ex-split following its 1:5 stock split announcement.
• Karur Vysya Bank: The bank has revised its Marginal Cost of Funds Based Lending Rate (MCLR). The 1-year and 6-month rates have been cut to 9.10%, while shorter-tenor rates (1-month and 3-month) are set at 8.95%, effective February 22.
• FII/DII Activity: Foreign Institutional Investors (FIIs) remained net buyers on February 19, purchasing equities worth ₹880.49 crore, while Domestic Institutional Investors (DIIs) were net sellers to the tune of ₹596.28 crore.

Negative News

• NCC: Shares are likely to face selling pressure after the National Highways Authority of India (NHAI) debarred the company and its subsidiary, O B Infrastructure, from participating in any future tenders for a period of two years, effective February 17, 2026.
• Market Sentiment: The GIFT Nifty is signaling a weak start for the Sensex and Nifty 50. Geopolitical risks are peaking as the market monitors US President Donald Trump’s 10-day window for potential military action against Iran, which has already led to a spike in India VIX (up 10%).

TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex