The stock market on Thursday, February 25 closed in the green for the third consecutive day where the Bombay Stock Exchange (BSE) reclaimed the 51,000 mark while the Nifty50 jumped to the 15,000 mark. On the contrary, the market on Friday, February 26 is expected to give a negative start as the SGX Nifty was trading 198.50 points or 1.31 percent lower at 14,899.00 at 7:20 am. On February 25, the BSE Sensex witnessed a gain of 257.62 points or 0.51 percent to close at 51,039.31 whereas the NSE Nifty was up by 115.35 points or 0.77 percent to settle the day at 15,097.35.
Top stocks to look for the day are:
RailTel Corporation of India: On February 26, the company will be listing its equity shares and the issue price has been fixed at Rs 94 per share.
Bank of Baroda: QIP worth Rs 4,500 crore has been launched by the bank at an issue price of Rs 81.70 per share with an option to upsize up to an additional Rs 2,000 crore.
Cadila Healthcare: The company’s Managing Director on February 26 will be participating in a panel discussion which will be organised by Antique Broking on the theme ‘Advantage India Pharma.
HDFC Bank, Kotak Mahindra Bank: Both the banks will acquire a 9.99 percent stake each in Ferbine Private Ltd.
HCL Technologies: HCL America Inc which is a subsidiary of the company has approved a proposal for issuing senior unsecured notes of up to USD 500 million.
DHFL: The company has filed an application with NCLT for submission of the resolution plan of Piramal capital and Housing finance and has also received no objection from the Reserve Bank of India.
Ashok Leyland: The acquisition of a 38 percent stake of Hinduja Tech Ltd from Nissan International Holding BV for Rs 70.2 crore has been completed by the company.
Zensar Technologies: Officials of the company will participate in the HDFC Securities Technology Investor Forum which will be held on March 1, 2021.
KSB: The company on Thursday reported profit at Rs 32 crore in Q4CY20 against Rs 32.6 crore in Q4CY19. The revenue of the company rose to Rs 369.9 crore from Rs 337 crore on yearly basis.
Hatsun Agro Product: Commercial production at Solapur facility, Maharashtra has been commenced by the company.
Elecon Engineering: Prayas Engineering which is the promoter entity has released a pledge on 5.56 percent equity.
Vesuvius India: The company has reported a lower profit at Rs 16.24 crore in Q4CY20 compared to Rs 22.70 crore in Q4CY19. The revenue of the company rose to Rs 234.46 crore from Rs 228.09 crore on yearly basis.
Rain Industries: In Quarter 4 of the FY 20, Rain Industries recorded a consolidated profit of Rs 321.98 crore. Last year, in the same quarter, the company recorded a profit of Rs 121.6 crore.
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