Every trading day has its stars and strugglers. As the markets gear up for another trading session today, February 20, certain stocks are catching the spotlight. From major deals to policy shifts, here is a look at the stocks that are in focus.
Market recap
After a day of fluctuating trends, the Indian stock markets closed on a flat note on Wednesday, February 19. The BSE Sensex dipped slightly by 28 points to settle at 75,939.18, while the NSE Nifty50 ended at 22,932.90, down just 12 points.
Stocks to watch on February 20, 2025
Bharat Forge
Kalyani Strategic Systems, a subsidiary of Bharat Forge, has signed a Letter of Intent (LOI) with US-based AM General for supplying advanced artillery cannons. This is the first-ever artillery cannon export deal between an Indian company and the United States.
M&M
Mahindra & Mahindra (M&M) has announced a collaboration with US-based Anduril Industries to integrate AI and autonomous technologies into global defense solutions. The partnership will focus on areas like autonomous maritime systems, AI-driven counter-drone technology, and advanced command & control software.
M&M share price saw a decline, dropping by 1.12% to settle at Rs 2,758.85 in the previous trading session.
Sundaram-Clayton
Chennai-based Sundaram-Clayton has announced plans to divest its aluminium die-casting operations at its Hosur facility. The company is in talks with potential buyers, though details regarding the transaction structure and financial terms are yet to be finalised.
Awfis Space Solutions
The tax department has ordered the attachment of Awfis Space Solutions’ accounts at HDFC Bank and ICICI Bank. However, the company has assured that its operations and financial stability remain unaffected.
RITES
Transport infrastructure consultancy firm RITES has partnered with the Central Water and Power Research Station (CWPRS) through a Memorandum of Understanding (MoU).
RITES share price in the previous day’s trading ended at Rs Rites, marking a gain of 4.55%.
Cyient
Cyient, a leading engineering solutions provider, has appointed Sukamal Banerjee as Executive Director and Chief Executive Officer of its Digital, Engineering, and Technology (DET) business. His appointment, effective from February 19, also includes a position on the company’s Board of Directors.
HFCL
HFCL has become the first company to formalise an agreement with BSNL under the BharatNet Phase-III Programme. The project is valued at Rs 2,501.3 crore. With this agreement in place, HFCL is set to begin the implementation process immediately. Furthermore, on January 16, the company had already received an advance work order from BSNL. for executing the project.
Orchid Pharma
Orchid Pharma’s Active Pharmaceutical Ingredient (API) manufacturing facility in Alathur, Tamil Nadu, recently underwent a surprise inspection by the US Food and Drug Administration (USFDA). The inspection, which took place from February 10 to February 18, concluded with seven minor observations.
Patanjali Foods
The Supreme Court has quashed the Rs 186 crore tax demand raised by the Income Tax Department on Patanjali Foods. The demand was linked to the pre–Corporate Insolvency Resolution Process (CIRP) period.
Waaree Energies
Waaree Energies has secured an order for supplying 362.5 megawatt peak (MWp) of solar photovoltaic (PV) modules to a major Indian renewable power developer. Deliveries are scheduled to commence in the 2025-26 fiscal year.
Waaree Energies share price closed at Rs 2,216.90, surging 2.42% in the previous day trading session.