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Stocks to Watch on Feb 25
Stocks to Watch Today: On the trading day of Wednesday, February 25, there may be movement in the stock market due to important news related to some big companies. Many companies have received new orders, some have signed big agreements, and some have received government or regulatory approvals. At the same time, some companies have also presented strong quarterly results. Due to these good and important news, there may be rise or fall in the shares of these 10 companies. Therefore, investors can keep an eye on these shares.
Hindalco Industries / Novelis
Novelis, a subsidiary of Hindalco, has signed an agreement to buy 13 lakh shares of AV Minerals for about $200 million. Its objective is to expand business and strengthen the supply of raw materials. This news may cause movement in the stock.
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Afcons Infrastructure Ltd
The company has received a notice from Gabon’s SAG to terminate the highway contract worth 113 million euros. Afcons says that 93% of the work has been completed and the road is also operational. The company is taking legal action against this decision.
According to sources, the promoters of the company and Dixon Technologies can sell about 5.8% stake through block deal. This deal could be worth around Rs 1,000 crore. Due to this, pressure or movement on the stock is possible.
The company has got a big road project of NHAI in Odisha worth Rs 1,582 crore. This project will be completed in 910 days. Receiving a big order may have a positive impact on the stock.
The company has given approval to launch a rights issue to raise up to Rs 475 crore. That means existing investors will get a chance to buy new shares. This may cause fluctuations in the stock.
The name of Hitesh Rameshchandra Joshi has been recommended for the post of Chairman-cum-Managing Director of the company. This is an important change related to top management, the impact of which can be seen on the stock.
The company’s subsidiary TACC Ltd has entered into a long-term nitrogen supply agreement with INOX Air Products Private Ltd. In the new unit, material related to lithium ion batteries will be made, which is considered important for the future.
The company has received a defense order worth Rs 66 crore from Hindustan Aeronautics Ltd. In future, work worth up to Rs 500 crore can be obtained. This is positive news for the company.
RVNL has got a contract worth Rs 270 crore from Central Railway. This is a big project related to railway infrastructure and this will increase the order book of the company.
Himadri Specialty Chemical Ltd
The company has started production from its new specialty carbon black line in West Bengal. This has increased its total production capacity. This expansion is important for the growth of the company.
The investigation by the US agency has been closed without any action against the company. This is a relief news for the company and can increase the confidence of investors.
The company has partnered with Amazon Web Services. Under this agreement, AI based software solutions will be developed, which can boost business.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions. Mutual fund investment is subject to market risks.
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