February is wrapping up, and the stock market is set for its final trading session of the month. From state-owned giants to fast-growing private players, several companies are in focus today. Some have secured big deals, while others are facing financial challenges. As trading kicks off today (February 28), here’s a look at the stocks that could make headlines.
Market recap
The Indian markets closed on a flat note on February 27. The Sensex edged up by 10 points to settle at 74,612, while the Nifty dipped slightly by 2.5 points to close at 22,545.
Stocks to watch on February 28, 2025
LIC
India’s largest state-owned insurer, Life Insurance Corporation of India (LIC), has received a Goods and Services Tax (GST) demand order from Mumbai’s Deputy Commissioner of State Tax for the financial year 2020-21. The total demand amounts to Rs 479.88 crore, which includes Rs 242.23 crore as GST, Rs 213.43 crore as interest, and Rs 24.22 crore as a penalty.
Coal India
Coal India Ltd (CIL) has announced a standard levy of Rs 300 per tonne across all mines under its subsidiary, Northern Coalfields Ltd (NCL). The levy, called the “Singrauli Punarasthapan Charge,” will be implemented from May 1, 2025. The move is projected to generate additional revenue of Rs 3,877.50 crore and will be applied over and above the notified coal prices.
Godrej Properties
Real estate developer Godrej Properties has recorded inventory sales worth Rs 1,000 crore at its Pune-based project, Godrej Evergreen Square. Launched in November 2024, the project has become the company’s most successful launch in Pune within four months of acquiring the land, in terms of both value and volume of sales.
HCL Tech
HCL Technologies has secured a partnership with Children’s Minnesota, a leading US-based healthcare provider. The IT giant will help improve hospital operations, streamline service delivery, and enhance patient care using AI-driven solutions.
Transrail Lighting
Transrail Lighting has bagged fresh orders worth Rs 2,752 crore, primarily in the transmission and distribution (T&D) segment. The company is also planning to set up a new manufacturing unit to cater to growing demand. According to Managing Director and CEO Randeep Narang, the firm’s current order book stands at Rs 10,300 crore, with potential future orders worth Rs 3,400 crore.
GE Power
GE Power has received an additional contract worth Rs 273.5 crore (excluding taxes) from GREENKO KA01 IREP Private Ltd. The agreement covers engineering, manufacturing, procurement, supply, installation, and testing of electromechanical equipment for an extra 320 MW unit at the Saundatti pumped storage project in Karnataka’s Belagavi district.
RVNL
Rail Vikas Nigam Ltd (RVNL), a state-owned infrastructure firm, has secured a Rs 135.66 crore contract from Central Railway. The project involves the design, supply, erection, testing, and commissioning of traction substations, sectioning posts, and sub-sectioning posts along the Bhusaval-Khandwa section. The work, awarded under the EPC mode, is expected to be completed within 24 months to support railway freight targets.
Schaeffler India
Industrial and automotive components maker Schaeffler India posted strong financial results for the December quarter. The company’s net profit rose 13.2% YoY to Rs 237.3 crore, up from Rs 209.6 crore a year ago. Revenue from operations climbed 13.9% YoY to Rs 2,136 crore, driven by steady demand across key segments.
KSB
Pump and valve manufacturer KSB delivered robust growth in the fourth quarter, with net profit surging 33% YoY to Rs 73 crore from Rs 54.9 crore in the same period last year. Revenue from operations grew 20.5% YoY to Rs 726.4 crore. The company’s EBITDA increased 26.5% YoY to Rs 85 crore, with operating margins improving slightly to 11.7% from 11.2% in the previous year.
Tata Power
Tata Power’s solar manufacturing arm, TP Solar, has won a Rs 632 crore contract from the Solar Energy Corporation of India (SECI). Under this deal, the company will supply 292.5 MWp of domestically manufactured solar modules.