🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Godrej Properties: The company has entered into a joint development agreement for an 18-acre land parcel in Thane, Mumbai. The residential project has an estimated revenue potential of over ₹7,500 crore.
• UPL: The board has approved a composite scheme of arrangement to split its Indian and international crop protection units into standalone entities, which will be listed independently.
• Novartis India: Swiss parent Novartis AG has agreed to sell its entire 70.68% stake to a consortium including ChrysCapital and WaveRise Investments. An open offer has been launched at ₹860.84 per share.
• NTPC / NTPC Green Energy: The group declared the commercial operation of a 158.4 MW solar project in Andhra Pradesh, taking its total installed capacity to 88,132 MW.
• Paras Defence: The company acquired a 49% stake in Himanshi Thermal Solutions and incorporated a new subsidiary, Paras Avionics, to focus on aerospace and defense systems.
• GHV Infra: The company received a Letter of Award (LOA) from Enmas EPC Power Projects for a new infrastructure project.
• Coal India / L&T / Canara Bank: These stocks are in focus following technical "buy" recommendations from analysts citing strong primary uptrends and bullish setups.

Neutral Developments

• 5paisa Capital: The board is scheduled to meet on February 24 to consider and approve a proposal for fundraising via equity shares or other securities.
• State Bank of India (SBI): The lender has set a target to increase green advances to 7.5%-10% of its portfolio by 2030, supported by its new "CHAKRA" Centre of Excellence.
• PI Industries: The stock will trade ex-dividend today for an interim dividend of ₹5 per share.
• Jubilant FoodWorks: The company completed the sale of its entire 31.66% stake in associate company Hashtag Loyalty to one of its founders.
• NLC India: The company allotted commercial papers with a face value of ₹300 crore on February 20.

Negative News

• IDFC First Bank: The private lender detected a fraudulent activity amounting to ₹590 crore at a branch in Chandigarh involving Haryana government accounts. Four officials have been suspended.
• Zee Entertainment: SEBI has issued a fresh show-cause notice to the company and its top management, reopening investigations into alleged fund diversion and governance failures.
• IT Sector: Stocks like Tech Mahindra and Infosys remain under pressure as market sentiment shifts toward banking and metals amid global trade uncertainty.

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

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex