Key Stocks and Corporate Moves in Focus Ahead of Market Open
20th Feb 2025
Indian benchmark indices closed slightly lower on Wednesday amid mixed global and domestic cues. BSE Sensex shed 28.21 points, or 0.04%, to end at 75,939.18, while NSE's Nifty50 declined 12.40 points, or 0.05%, to settle at 22,932.90.
Upcoming Corporate Results and Actions
Q3 results today: CIE Automotive India and Sanofi Consumer Healthcare India shall announce their quarterly results along with dividends. Corporate actions today: Shares of several companies shall trade ex-dividend.
Noteworthy Developments
Waaree Energies: The renewable energy player received a 362.5 MWp solar module supply order from Khaba Renewable Energy, a subsidiary of Engie India.
Cyient: The engineering solutions company appointed Sukamal Banerjee as Executive Director and CEO of its DET business, effective February 19.
Bharat Forge: The forging company's subsidiary, Kalyani Strategic Systems, signed a letter of intent with AM General, USA, for the supply of made-in-India advanced artillery cannons.
IREDA, Tata Technologies: Futures and options contracts on these securities will be available for trading from February 28.
Patanjali Foods: The Supreme Court has quashed the company's Rs 186 crore tax demand for the pre-CIRP period.
RITES: The transport infrastructure consultancy signed an MoU with CWPRS to collaborate on engineering consultancy and R&D projects.
HFCL: The telecom infra player signed an agreement with BSNL as the Project Implementation Agency under the BharatNet Phase-III Programme.
Orchid Pharma: The USFDA inspection at the company's API facility concluded with seven minor observations.
Awfis Space Solutions: The tax authority ordered provisional attachment of the company's bank accounts, with no financial impact.
Torrent Power: The company's subsidiary, Torrent Urja 30, has been incorporated.
National Fertilizers: The company board has shown willingness to be part of the proposed JV for setting up a new Ammonia-Urea Complex.
IRIS Business Services: The company signed an MoU with the Goa government to support the MSME ecosystem.
Sundaram Clayton: The company board approved the sale of high-pressure and low-pressure aluminum die-casting businesses.
Flomic Global Logistics: The company appointed Abhinandan Gupta as the Chief Financial Officer.
Upcoming Corporate Results and Actions
Q3 results today: CIE Automotive India and Sanofi Consumer Healthcare India shall announce their quarterly results along with dividends. Corporate actions today: Shares of several companies shall trade ex-dividend.
Noteworthy Developments
Waaree Energies: The renewable energy player received a 362.5 MWp solar module supply order from Khaba Renewable Energy, a subsidiary of Engie India.
Cyient: The engineering solutions company appointed Sukamal Banerjee as Executive Director and CEO of its DET business, effective February 19.
Bharat Forge: The forging company's subsidiary, Kalyani Strategic Systems, signed a letter of intent with AM General, USA, for the supply of made-in-India advanced artillery cannons.
IREDA, Tata Technologies: Futures and options contracts on these securities will be available for trading from February 28.
Patanjali Foods: The Supreme Court has quashed the company's Rs 186 crore tax demand for the pre-CIRP period.
RITES: The transport infrastructure consultancy signed an MoU with CWPRS to collaborate on engineering consultancy and R&D projects.
HFCL: The telecom infra player signed an agreement with BSNL as the Project Implementation Agency under the BharatNet Phase-III Programme.
Orchid Pharma: The USFDA inspection at the company's API facility concluded with seven minor observations.
Awfis Space Solutions: The tax authority ordered provisional attachment of the company's bank accounts, with no financial impact.
Torrent Power: The company's subsidiary, Torrent Urja 30, has been incorporated.
National Fertilizers: The company board has shown willingness to be part of the proposed JV for setting up a new Ammonia-Urea Complex.
IRIS Business Services: The company signed an MoU with the Goa government to support the MSME ecosystem.
Sundaram Clayton: The company board approved the sale of high-pressure and low-pressure aluminum die-casting businesses.
Flomic Global Logistics: The company appointed Abhinandan Gupta as the Chief Financial Officer.