The market is buzzing with important updates from several key companies, making them key stocks to watch today, February 19. From big acquisitions to new partnerships, these stocks are likely to be in action. Whether it’s in infrastructure, technology, real estate, or pharma, here is a quick roundup of why these stocks are in the spotlight today.
Market recap
Stock markets saw another day of ups and downs on Tuesday, with volatility hitting Dalal Street. Despite recovering from the day’s lows, the key indices ended slightly in the red. The NSE Nifty 50 closed 14.20 points lower at 22,945.30, while the BSE Sensex dipped 29.47 points to settle at 75,967.39.
Stocks to watch on February 18, 2025
Infosys
IT major Infosys has entered a long term partnership with Lufthansa Group and Lufthansa Systems GmbH. As part of the deal, Infosys will set up a Global Capability Centre (GCC) in Bengaluru to boost software and product development for Lufthansa.
In the previous trading session, Infosys share price saw a slight increase, closing at Rs 1,848, up by 0.31%.
L&T
Infrastructure giant Larsen & Toubro (L&T) has acquired the remaining 26% stake in L&T Special Steels and Heavy Forgings Private Ltd (LTSSHF) from Nuclear Power Corporation of India Limited (NPCIL). The Rs 170-crore deal makes LTSSHF a wholly-owned subsidiary of L&T. The acquisition includes equity shares, preference shares, and a secured loan provided by NPCIL.
Larsen & Toubro’s share price in the previous day’s trading ended at Rs 3,220, marking a minor dip of 0.057%.
Vedanta
Vedanta has received approval from 83% of its creditors for its proposed demerger plan. The restructuring, which required at least 75% approval, aims to separate its businesses into independent entities.
Vedanta share price closed at Rs 416.50, gaining 0.33% in the previous day trading session.
Aurobindo Pharma
Aurobindo Pharma has completed a pre-approval inspection by the USFDA at its Eugia Steriles Private facility in Andhra Pradesh. The inspection, which took place between February 10 to February 18, resulted in five procedural observations.
Mahindra Lifespace
Mahindra Lifespace Developers has announced a partnership with Livingstone Infra for a cluster redevelopment project in Mahalaxmi, Mumbai. The project has a gross development value (GDV) of Rs 1,650 crore.
Piramal Pharma
Piramal Pharma has come under regulatory scrutiny after the USFDA conducted a Good Manufacturing Practice (GMP) inspection at its Turbhe facility in Navi Mumbai from February 11 to February 17. The inspection resulted in a Form 483 being issued, highlighting six observations.
RVNL
State-owned Rail Vikas Nigam Limited (RVNL) has secured a Rs 554.47-crore contract from Rail Infrastructure Development Company (Karnataka) Ltd (K-RIDE). The project involves constructing nine stations under Corridor-4A of the Bengaluru Suburban Rail Project (BSRP), with one elevated and eight at-grade stations.
RVNL share price experienced a decline, dropping by 3.15% to settle at Rs 331.65 in the previous trading session.
Transformers & Rectifiers India
Transformers & Rectifiers India has bagged an order worth Rs 166.45 crore from Hyosung T&D India. The company will supply single-phase coupling transformers and single-phase transformers for TBCB projects.
CONCOR
Container Corporation of India (CONCOR) has awarded Braithwaite & Co. a contract valued at Rs 689.76 crore for the manufacture and supply of 30 BLSS (spine car) rakes.
Tata Steel
Tata Steel UK has received approval to introduce electric arc furnace steelmaking at its Port Talbot facility. The 1.25 billion pounds investment includes 500 million pounds from the UK government. The shift is expected to reduce emissions by 90% and retain 5,000 jobs.