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stocks to watch today bharti airtel lupin bpcl nbcc
highlights
- Many companies have made important announcements related to big investments, receiving new orders, receiving government notices.
- These news can have a direct impact on their share prices.
- In such a situation, it is important for investors to keep a special eye on these 8 selected stocks.
Stocks to Watch Today: Today i.e. on Tuesday, 24th February, sharp movement can be seen in the stocks of some specific companies in the stock market. Recently, many companies have made important announcements related to big investments, winning new orders, receiving government notices and strategic partnerships. These news can have a direct impact on their share prices. In such a situation, it is important for investors to keep a special eye on these 8 selected stocks, because there can be trading opportunities with fluctuations in them.
The new government of Bangladesh wants to re-review the terms of the Power Purchase Agreement (PPA) with the company. Officials believe that the cost of coal and imported electricity is relatively high, which should be reduced. However, formal talks have not started yet on this topic. The impact of this news can be seen on the company’s shares.
The company plans to invest up to Rs 20,000 crore in its NBFC arm Airtel Money Limited in the coming years. Its objective is to strengthen the digital lending and financial services business. In this structure, 70% stake will be held by Bharti Airtel, while the remaining 30% will be held by Bharti Enterprises Limited.
Chateau Hotels has approved a 330-room premium hotel project in Madhapur area of ​​Hyderabad. Along with this, approximately 36,255 square feet of commercial and retail space will also be developed. A total investment of Rs 632.8 crore is proposed in this project.
Lupine has received approval from the European Commission for its biosimilar drug Ranluspec (ranibizumab). This medicine will be available in both vial and pre-filled syringe form. Ranibizumab is a monoclonal antibody fragment that blocks VEGF-A and is useful in the treatment of eye diseases.
The company has been declared the lowest bidder in the Rs 133.25 crore irrigation project by Maharashtra Krishna Valley Development Corporation. This order has been received through joint venture, in which the company’s stake is approximately Rs 67.96 crore.
The company’s subsidiary Waaree Clean Energy Solutions has tied up with ZFI for a 2.5 MW electrolyzer project in Uttar Pradesh. The agreement is part of ZFI’s green hydrogen expansion strategy. Additionally, both parties have also signed a strategic Memorandum of Understanding (MoU) for 50 MW electrolyzer supply under the EaaS model.
NBCC has received a work order worth Rs 76.27 crore (GST extra) from Dharnidhar University, Keonjhar, Odisha. The project includes academic buildings, hostels and other infrastructure development works. The company will complete this work under the Project Management Consultancy (PMC) model.
Bharat Petroleum Corporation Ltd (BPCL)
The company has received an excise demand order of Rs 1,816.65 crore from the Commissioner of Central Tax and Central Excise, Kochi. The case pertains to 19 show cause notices issued between 2004 and 2010. The company has clarified that it will study the order and file an appeal in CESTAT.
Samvardhana Motherson International
The company has started a new auto lighting manufacturing unit through its joint venture MMLI in Sanand, Gujarat. The company has 50% stake in this unit. Spread over 8,200 square metres, the plant will produce state-of-the-art exterior lighting systems and is equipped with advanced molding machines.
HFCL has participated as a consortium partner in a research project led by IIT Delhi funded by the Department of Telecommunications (DoT). The objective of this project is to develop hollow core fiber technology for 6G and quantum communication. The company will contribute its industry and manufacturing expertise to this initiative.
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.
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