Last Updated: February 26, 2024, 08:18 IST
Stocks to Watch on Feb 26
Stocks to watch: Shares of corporations like HDFC Bank, Zee Ent, Kotak Bank, Paytm, JSW Infra, Biocon, and others shall be in give attention to Monday’s commerce.
Stocks To Watch On February 26: Domestic equities ended the final week decrease in a lackluster commerce because the hawkish tone of RBI in its assembly minutes dented investor sentiment.
HDFC Bank: It has acquired RBI approval to promote its 90 per cent stake in schooling mortgage subsidiary HDFC Credila Financial Services. The stake shall be bought to a consortium of personal fairness corporations together with BPEA EQT and ChrysCapital Group.
Infibeam Avenues: The firm has acquired a 20 per cent strategic stake in XDuce, a US-based mostly AI improvement firm, for $10 million. The latter will assist Infibeam’s fee gateway model CCAvenue within the US.
Kotak Mahindra Bank: Zurich Insurance will purchase a 70 per cent stake within the financial institution’s common insurance coverage arm, Kotak Mahindra General Insurance, for Rs 5,560 crore, in a single tranche. The financial institution had acquired CCI nod for the stated stake sale this month.
Zee Entertainment: Its board has constituted an unbiased advisory committee headed by Satish Chandra, a retired choose of Allahabad High Court, to curb erosion of its investor wealth induced within the wake of latest speculations associated to new talks on merger with Sony and Sebi discovering an accounting fraud.
Paytm: The RBI has requested the National Payments Corporation of India (NPCI) to look into the potential for migrating Paytm Payments Bank clients utilizing the UPI deal with ‘@paytm’ to 4-5 different banks, so as to forestall any disruptions within the fee ecosystem.
JSW Infrastructure: The firm has acquired a letter of award from the VO Chidambaranar Port Authority for mechanisation of the North Cargo Berth-III (NCB-III) to deal with dry bulk cargo on the port on a design, construct, finance, function and switch foundation by means of by means of the PPP route.
Biocon: The firm has issued a company assure value $20 million in favour of Mizuho Bank Ltd to safe a time period mortgage facility, on behalf of Biocon Generics, its wholly-owned step-down subsidiary. The company assure is legitimate for 5 years and it is going to be handled as a contingent legal responsibility for the corporate.
Transformers and Rectifiers: It has been awarded orders value Rs 232 crores from Power Grid Corporation.
Skipper: The energy transmission and distribution firm has received an order value Rs 737 crore from Power Grid Corporation for the availability and building of a 765 kV transmission line.
GE Power India: The firm has acquired an order from Tata Power value Rs 6.75 crore for providers in direction of overhaul and different works for turbine turbines.
Ashok Leyland: It has acquired a 49.9 per cent stake in TVS Trucks for Rs 25 crore.
Shakti Pumps: The firm has acquired a 3rd work order underneath the KUSUM-3 scheme, value Rs 84 crore, from the Haryana Renewable Energy Department for two,443 pumps.
Indian Oil, ONGC, GAIL, MRPL, HPCL, Oil India: The state-run oil corporations have been slapped fines for the third straight quarter, cumulatively for Rs 32.5 lakh, for failing to meet itemizing norm necessities of getting the requisite variety of administrators on their board.
Punjab & Sind Bank: The Board of the financial institution will meet on February 28 to take into account elevating funds up to Rs 2,000 crore.
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