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• Money flow index (MFI) indicates that GlaxoSmithKline Pharmaceuticals is in the overbought zone.

• Vedanta announces plans to invest Rs 50,000 crore in Assam and Tripura's oil and gas sector over the next 3-4 years. The investment aims to boost production to 1 lakh barrels per day, strengthening the region's hydrocarbon industry.

• ICICI Securities retains its 'Buy' call on Solar Industries with a target price of Rs 13,720 per share. This indicates a potential upside of 54.7%. The brokerage believes the company's revenue will grow due to improving defence and exports & overseas segments and higher capex spends. It expects the firm's revenue to grow at a CAGR of 23.6% over FY25-27.

• Adani Wilmar, a fast-moving consumer goods unit of Adani Group, receives shareholders' approval to rename the company to AWL Agri Business.

• According to a poll of economists, India’s economy likely grew to 6.3% in Q3FY25 from 5.4% in the September quarter. They believe a rise in government spending and recovery in consumption, particularly in rural areas, has provided support. India’s GDP data is scheduled for release on February 28.

  India’s Q3 GDP growth is expected to improve primarily due to higher government spending and a revival in consumption.
  
  ? Subscribe to #MintPremium: https://t.co/EzGgtveGp3
  
  (@ManjulPaul reports) https://t.co/QHBVlMlIR0

  — Mint (@livemint) February 25, 2025

• Nestle's shares rise as it reportedly considers a slight price hike to offset inflation in coffee, cocoa, and edible oil while focusing on maintaining sales momentum.

• Bharti Airtel is rising as it partners with Ericsson to deploy 5G core network solutions in India. As part of the partnership, Ericsson will deploy its signalling controller to support Airtel’s transition to a full-scale 5G standalone network.

• Power Mech Projects bags an order worth Rs 164.6 crore from Bharat Heavy Electricals to set up the 2 x 800 MW Damodar Valley Corp (DVC) Koderma thermal power station (TPS) Phase-II project. Power Mech Projects will design, engineer, erect and commission the project, including mandatory spare parts and civil works.

• Neeraj Sharma, CEO and MD of OneSource Specialty Pharma, aims to reach $400 million in revenue with EBITDA margins at 40% in the next 3-4 years. To support growth, the company is expanding its manufacturing capacity, scaling production to over 200 million cartridges over the next few years from 40 million. This involves a capex of $100 million, with a major portion allocated to cartridge manufacturing and drug-device combination capabilities.

  OneSource Specialty Pharma aims for $400 million revenue in 3-4 yearshttps://t.co/VrrwXu3rJr@Nigel__DSouzapic.twitter.com/aZVxlW5rPD

  — CNBC-TV18 (@CNBCTV18Live) February 25, 2025

• Tata Investment Corp rises sharply as Tata Capital secures board approval for its initial public offering (IPO). The offering includes 23 crore new shares and an offer-for-sale by some existing shareholders.

• Jyoti Structures receives an order worth Rs 389.4 crore from Adani Energy Solutions for the turnkey execution of the 765 kV DC Transmission Line 1B of Boisar II–Pune III. The contract includes tower supply, survey, soil investigation, foundation work, erection, stringing, testing, and commissioning.

• SBI Life Insurance's board of directors approves appointing Dorababu Daparti as the Deputy Chief Executive Officer (CEO), effective February 24.

• HSBC believes India's proposed changes to its electric vehicle policy will create an unfair advantage for imported EVs over domestically produced cars. The policy allows for a concessional import duty of 15% on electric cars, leading to a substantial tax disparity. This also raises concerns about long-term investments by Indian internal combustion engine (ICE) carmakers like Mahindra & Mahindra.

  Offering significantly lower taxes for imported EVs than domestic ICE vehicles will negatively impact domestic carmakers, according to HSBC.
  
  Read: https://t.co/TqiiHnk3DCpic.twitter.com/HTRVOTZOgk

  — NDTV Profit (@NDTVProfitIndia) February 25, 2025

• Indian Renewable Energy Development Agency (IREDA) rises as its shareholders approve raising up to Rs 5,000 crore through a qualified institutional placement (QIP). The fundraising may dilute the Government of India's stake in IREDA by up to 7% post-issue.

• MPS' board of directors schedules a meeting on February 28 to consider and approve raising funds through the issue of shares or any other equity-linked securities.

• Welspun Specialty Solutions rises sharply as its board of directors approves raising Rs 349.9 crore through a rights issue of 13.3 crore shares. The board also revises the record date for the rights issue to March 1 from February 27.

• Bernstein maintains its ‘Outperform’ rating on Zomato with a target price of Rs 310. The company remains its top internet pick and highlights that it is playing the long game, focusing on growth and profitability. Bernstein notes the competitive intensity in the quick commerce space but believes Zomato is poised to maintain its leadership.

  #Bernstein maintains an 'outperform' on #Zomato, says Zomato is playing the long game in quick commerce.
  
  Read ??https://t.co/XTZOFY2w6L

  — NDTV Profit (@NDTVProfitIndia) February 25, 2025

• Akzo Nobel India's board of directors approves selling its powder coatings business for Rs 2,073 crore and research & development (R&D) centre for Rs 70 crore to its parent, Akzo Nobel N.V., through a slump sale as a going concern.

• Gensol Engineering signs a non-binding term sheet for a Rs 350 crore deal to sell its US subsidiary, Scorpius Trackers, to a major renewable energy solutions provider in the US. The transaction includes transferring exclusive global intellectual property rights for Scorpius Trackers' solar tracking technology, except in India.

• Axis Direct maintains its 'Buy' call on CIE Automotive India with a lower target price of Rs 520 per share. This indicates a potential upside of 28.8%. The brokerage believes the company's Indian business will continue to outperform the Indian industry in the medium term, while the European business will remain muted before gradually recovering post-H2CY25. It expects the firm's revenue to grow at a CAGR of 7.1% over FY25-26.

• CLSA believes QSR companies are on the right path to boost demand, by sacrificing some margins. However, rising competition from new restaurants and quick commerce players is a concern. It favours Restaurant Brands Asia and Devyani International while remaining cautious on Jubilant Foodworks and Westlife Foodworld.

  #BrokerageRadar | CLSA on QSR: Believe companies are following the right path to spur demand by sacrificing some margin#food#quickcommerce#StockMarketpic.twitter.com/Tht4ULZJ2n

  — ET NOW (@ETNOWlive) February 25, 2025

• Biocon is rising as it launches Yesintek in the US market. The drug is the first Stelara biosimilar entrant in the US and is used to treat Crohn's disease, ulcerative colitis, plaque psoriasis, and psoriatic arthritis.

• Texmaco Rail & Engineering is rising as it signs a memorandum of understanding with Nevomo to develop high-speed rail solutions, AI-powered predictive diagnostics, self-propelled wagons, and driverless freight trains for India and global markets.

• Oil & Natural Gas Corp is rising as its board of directors approves a Rs 1,200 crore investment in its subsidiary, ONGC Green, through a rights issue.

• NTPC signs multiple memorandums of understanding (MoUs) with the Government of Madhya Pradesh at the Global Investors Summit 2025 in Bhopal. Under these agreements, NTPC commits to investing Rs 80,000 crore to develop sustainable, non-fossil fuel power plants across the state. It also plans to invest Rs 4,000 crore in an 800 MW pumped hydro storage project to enhance Madhya Pradesh’s energy storage capacity.

• Nifty 50 was trading at 22,560.05 (6.7, 0.0%) , BSE Sensex was trading at 74,440.30 (-14.1, 0.0%) while the broader Nifty 500 was trading at 20,469.90 (1.5, 0.0%)

• Market breadth is ticking up strongly. Of the 1,911 stocks traded today, 1,271 were in the positive territory and 590 were negative.

Riding High:

Largecap and midcap gainers today include Adani Power Ltd. (497.80, 5.9%), Max Healthcare Institute Ltd. (1,022.90, 3.5%) and Mahindra & Mahindra Ltd. (2,777.85, 2.5%).

Downers:

Largecap and midcap losers today include Varun Beverages Ltd. (476.50, -4.7%), Petronet LNG Ltd. (291.50, -4.3%) and Hindalco Industries Ltd. (619.45, -3.5%).

Crowd Puller Stocks

16 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Tata Investment Corporation Ltd. (6,167.25, 7.2%), Adani Power Ltd. (497.80, 5.9%) and Narayana Hrudayalaya Ltd. (1,465.55, 5.2%).

Top high volume losers on BSE were Dr. Lal Pathlabs Ltd. (2,410.10, -6.9%), Can Fin Homes Ltd. (577.85, -4.5%) and Gujarat Gas Ltd. (394.40, -3.0%).

Gland Pharma Ltd. (1,597.90, 4.8%) was trading at 11.0 times of weekly average. Metro Brands Ltd. (1,139.70, 4.1%) and Sun TV Network Ltd. (600.50, 3.6%) were trading with volumes 10.7 and 5.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

1 stock hit their 52 week highs, while 39 stocks hit their 52 week lows.

Stock touching their year highs included - Narayana Hrudayalaya Ltd. (1,465.55, 5.2%).

Stocks making new 52 weeks lows included - AIA Engineering Ltd. (3,205, -1.7%) and Alembic Pharmaceuticals Ltd. (790, -0.6%).

15 stocks climbed above their 200 day SMA including Devyani International Ltd. (178.46, 4.4%) and Cholamandalam Financial Holdings Ltd. (1,568.40, 4.3%). 15 stocks slipped below their 200 SMA including L&T Technology Services Ltd. (4,727.85, -3.2%) and Gujarat Fluorochemicals Ltd. (3,688, -1.8%).

Nifty 50 closed at 22,553.35 (-242.6, -1.1%), BSE Sensex closed at 74,454.41 (-856.7, -1.1%) while the broader Nifty 500 closed at 20,468.45 (-221.8, -1.1%). Market breadth is highly negative. Of the 2,455 stocks traded today, 602 were on the uptick, and 1,812 were down.

Indian indices closed in the red amid global trade war concerns as well as persistent selling by foreign investors (FIIs). The Indian volatility index, Nifty VIX, fell 0.6% and closed at 14.4 points. Healthcare Global Enterprises closed 2.1% higher after private equity firm KKR & Co. signed an agreement to acquire a 54% stake worth approx Rs 3,350 crore from CVC Asia. 

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red. Nifty Metal and Nifty PSU Bank closed lower. According to Trendlyne’s sector dashboard, Telecommunications Equipment emerged as the worst-performing sector of the day, with a fall of 2.7%.

European indices are trading mixed. Major Asian indices closed flat or lower. US index futures are trading higher, indicating a positive start to the trading session. US consumer confidence fell for the second consecutive month in February, due to concerns about Trump’s tariff plans and their potential impact on households. The consumer confidence index dropped to 102.9 from 106 in January. Meanwhile, investors look ahead to NVIDIA's earnings release, scheduled for this week.

• Relative strength index (RSI) indicates that stocks like Godrej Industries and Hindalco Industries are in the overbought zone.

• Bharat Forge's subsidiary, Kalyani Powertrain, partners with Advanced Micro Devices (AMD) to enter the Indian server market.

• Zaggle Prepaid Ocean Services is rising as it partners with Gujarat International Finance Tec-City (GIFT City) to provide a co-branded prepaid citizen card and visitor management system for GIFTCL.

• Easy Trip Planners wins Madhya Pradesh’s first inter-city electric bus tender through its subsidiaries, YoloBus and Easy Green Mobility. YoloBus will manage operations, while Easy Green Mobility will handle manufacturing. The first batch is set for deployment in August 2025.

• Citi maintains its ‘Buy’ rating on InterGlobe Aviation (IndiGo) with a higher target price of Rs 5,200. The brokerage also opens a 90-day catalyst watch on the company due to the pick-up in overall air traffic demand. It notes the positive contribution of the Maha Kumbh Mela to IndiGo’s market share. Citi believes this increased traffic will translate into better yields for the company in Q4.

  InterGlobe Aviation's shares were trading higher after #Citi maintained its 'buy' rating and increased the target price on the stock by Rs 100.
  
  Read: https://t.co/1wTUppAz4jpic.twitter.com/PRgC5zD7NM

  — NDTV Profit (@NDTVProfitIndia) February 24, 2025

• Swiggy is rising as its board of directors approves investing Rs 1,000 crore in its subsidiary, Scootsy Logistics, through a rights issue in multiple tranches. The investment will be used for working capital requirements and other capex as part of the company's expansion plans.

• Manappuram Finance is rising as Bain Capital is reportedly in talks to acquire a controlling stake for $1 billion (approx. Rs 8,672 crore).

• NBCC secures a Rs 264.2 crore engineering, procurement, and construction (EPC) contract from NIT Kurukshetra for building construction in Haryana. The project includes academic, hostel, residential blocks, a director’s residence, and external development work.

• Anil Gupta, Managing Director of KEI Industries, notes the heathy demand environment, and highlights there is more traction in the cables business compared to wires. He adds that exports contribution will increase to 18-20% by FY26-27. Gupta projects revenue of Rs 13,400 crore and PAT of around Rs 1,000 crore for FY27.

  KEI Industries says
  
  ???? Demand is good , cables demand extremely robust
  ???? Exports contribution to increase from 11-12% to 18-20% in FY26-27
  
  FY27 Guidance ???? Revenues of Rs.13400cr & PAT of Rs.1000cr - inline with MS estimateshttps://t.co/B6JHBeLxqu

  — Nigel D'Souza (@Nigel__DSouza) February 24, 2025

• Axis Direct maintains its 'Buy' call on NCC with a higher target price of Rs 213 per share. This indicates a potential upside of 15.6%. The brokerage believes the company is well positioned for revenue growth owing to a strong order book, robust bidding pipeline, and diversified portfolio. It expects the firm's revenue to grow at a CAGR of 14% over FY25-27.

• Ujjivan Small Finance Bank approves the sale of a Rs 364.5 crore micro banking loan pool to an asset reconstruction company (ARC). The pool includes Rs 294.5 crore in NPAs and Rs 70 crore in written-off loans, with a 66.5% provision coverage.

• Syngene International is falling as it receives Form 483 with five observations from the US FDA following a pre-approval and good manufacturing practices (GMP) inspection at its Bengaluru facility.

• Companies like 360 One Wam, Ajanta Pharma, BSE, IndusInd Bank, and Kaynes Technology, among others, are set to join the FTSE India Index, with adjustments effective March 21, 2025. This semi-annual review is expected to bring a net inflow of $1.4 billion for India.

  #OnCNBCTV18 | 14 new stocks get included in the #FTSE global equity index in its semi-annual review with adjustments set to take place on March 21, 2025. What are the inclusions and what will be the likely inflow into these 14 stocks? @VivekIyer72pic.twitter.com/I2acOlnowq

  — CNBC-TV18 (@CNBCTV18News) February 24, 2025

• Brigade Enterprises plans to invest Rs 1,500 crore in Kerala over the next five years to set up a second World Trade Centre (WTC), a residential project in Kochi, and a luxury island resort in Vaikom.

• Ami Organics is rising as its board of directors approves the stock split of one equity share with a face value of Rs 10, fully paid up, into two equity shares of Rs 5 each.

• Rail Vikas Nigam emerges as the lowest bidder for a Rs 156.4 crore South Western Railway project. The contract involves engineering, procurement, and construction (EPC) work for 2x25 KV overhead electrification (OHE) and power systems over 99.5 route kilometres (RKM), to be completed in 18 months.

• Mahindra & Mahindra is rising as Jefferies reiterates its ‘Buy’ rating with a target price of Rs 4,075. The brokerage views the recent decline in share price as a buying opportunity, and finds its valuation attractive. It prefers Mahindra & Mahindra over Maruti Suzuki and Hyundai, citing favourable industry demand tailwinds and improving market share in tractors and SUVs. In addition, Jefferies sees limited impact from Tesla’s potential entry into India.

  #MarketsWithMC | M&M shares gain nearly 2% as Jefferies maintains 'buy' call, sees over 50% upside
  
  Read for more????https://t.co/HALwpAeDv5#Mhaindra#StockMarker#Stocks

  — Moneycontrol (@moneycontrolcom) February 24, 2025

• Quality Power Electrical Equipments' shares debut on the bourses at a 1.2% premium to the issue price of Rs 425. The Rs 858.7 crore IPO received bids for 1.3 times the total shares on offer.

• EPL is falling as its promoter, Epsilon Bidco, a unit of Blackstone, sells 7.9 crore shares (24.9% stake) to Indorama Netherlands for Rs 1,907 crore at Rs 240 per share.

• Oil India signs a memorandum of understanding (MoU) with Mineral Exploration and Consultancy (MECL) to collaborate in the exploration and development of critical mineral blocks in India and overseas.

• Healthcare Global Enterprises is rising as private equity firm KKR & Co. signs an agreement with its promoter entity CVC Asia to acquire a majority stake worth approx Rs 3,350 crore. KKR will acquire up to 54% equity in the company from CVS at Rs 445 per share and launch an open offer to purchase additional shares from public shareholders. The transaction is expected to close by Q3FY26, subject to regulatory approvals.

  KKR & Co. to acquire a majority stake in HealthCare Global Enterprises for around Rs 3,350 crore. #NDTVProfitMarkets
  
  Read ??https://t.co/hoIpJPOx1s

  — NDTV Profit (@NDTVProfitIndia) February 24, 2025

• Bajaj Auto's board of directors approves an investment worth Euro 150 million (~ Rs 1,364 crore) in its Dutch subsidiary, Bajaj Auto International Holdings BV, in one or more tranches, in the form of equity capital, preference capital, or other modes.

• Granules India is rising as it acquires Senn Chemicals AG, a Swiss-based contract development and manufacturing organisation (CDMO) specialising in peptides, for CHF 20 million (around Rs 192 crore).

• Zydus Lifesciences is rising as it receives final approval from the US FDA to manufacture Ibuprofen and famotidine tablets. The combination is used for the treatment of rheumatoid arthritis and osteoarthritis and to decrease the risk of developing upper gastrointestinal ulcers. The drugs have a market size of $3.6 million for the year ending December 2024, according to IQVIA.

• RailTel Corp of India is rising as it secures a work order worth Rs 288.1 crore from East Central Railway to implement Kavach, an indigenous Train Collision Avoidance System, on a low-density railway track.

• Gloom in markets in early trading. Nifty 50 was trading at 22,645 (-150.9, -0.7%), BSE Sensex was trading at 74,893.45 (-417.6, -0.6%) while the broader Nifty 500 was trading at 20,489.55 (-200.7, -1.0%).

• Market breadth is highly negative. Of the 2,021 stocks traded today, 257 showed gains, and 1,721 showed losses.

Riding High:

Largecap and midcap gainers today include GlaxoSmithKline Pharmaceuticals Ltd. (2,638.15, 5.2%), Varun Beverages Ltd. (499.95, 4.7%) and Abbott India Ltd. (29,813.50, 3.0%).

Downers:

Largecap and midcap losers today include Info Edge (India) Ltd. (7,151.80, -5.1%), LTIMindtree Ltd. (5,047.45, -4.7%) and L&T Technology Services Ltd. (4,885.60, -4.6%).

Volume Rockets

12 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Happiest Minds Technologies Ltd. (721.50, 7.3%), Data Patterns (India) Ltd. (1,642.90, 5.8%) and 360 One Wam Ltd. (1,009.40, 2.9%).

Top high volume losers on BSE were LTIMindtree Ltd. (5,047.45, -4.7%), Cera Sanitaryware Ltd. (5,576.20, -4.3%) and HCL Technologies Ltd. (1,644.05, -3.3%).

Pfizer Ltd. (4,192.75, 2.4%) was trading at 19.7 times of weekly average. Tata Communications Ltd. (1,436.05, -1.0%) and Century Plyboards (India) Ltd. (765.25, -0.8%) were trading with volumes 3.7 and 3.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

45 stocks hit their 52 week lows.

Stocks making new 52 weeks lows included - AIA Engineering Ltd. (3,258.75, -4.0%) and Alembic Pharmaceuticals Ltd. (795.10, -1.0%).

8 stocks climbed above their 200 day SMA including 360 One Wam Ltd. (1,009.40, 2.9%) and Star Cement Ltd. (212.47, 2.7%). 24 stocks slipped below their 200 SMA including Info Edge (India) Ltd. (7,151.80, -5.1%) and L&T Technology Services Ltd. (4,885.60, -4.6%).

• Money flow index (MFI) indicates that GlaxoSmithKline Pharmaceuticals is in the overbought zone.

• Pfizer signs a five-year marketing and supply agreement with Mylan Pharmaceuticals to expand the distribution of Ativan and Pacitane in India. Mylan will handle sales of these drugs, which are used for anxiety disorders and neurological conditions.

• Cipla receives a Form 483 with two observations from the US FDA following a good manufacturing practices (GMP) inspection at its wholly owned subsidiary, Sitec Labs' analytical testing facility in Navi Mumbai.

• NTPC Green Energy signs a memorandum of understanding (MoU) with Bharat Light and Power (BLP) to explore the off-take of green hydrogen and its derivatives from NTPC Green.

• The FTSE India March 2025 semi-annual review announcement is scheduled today, with adjustments set for March 21. IIFL Capital expects 10 potential inclusions in the FTSE, including 360 One Wam, Blue Star, Fortis Healthcare, Apar Industries, and Bajaj Housing. The brokerage forecasts that Fortis Healthcare could see inflows exceeding $60 million (Rs 495 crore).

  #FTSE India March 2025 semi-annual review announcement will happen today, with adjustments scheduled to take place on March 21. #IIFLCap anticipates 10 potential inclusions in the FTSE with #360OneWAM, #BlueStar, #Fortis Healthcare, #AparIndustries & Bajaj Housing among the key… pic.twitter.com/mX9OUydXck

  — CNBC-TV18 (@CNBCTV18News) February 21, 2025

• Vedanta secures approval from its creditors and shareholders to demerge into five entities. The demerger will create Vedanta, Vedanta Aluminium Metal, Talwandi Sabo Power, Malco Energy, and Vedanta Iron and Steel as separate companies.

• Can Fin Homes awards a Rs 297 crore contract to IBM India to upgrade and manage its core business systems. The company will handle loan processing, document management, accounting, and risk management. It will also provide cybersecurity solutions, including threat monitoring and access control.

• Maharashtra Scooters' board of directors approves the closure of its manufacturing plant in Satara. The board also approves the sale of its land lease rights, machinery and spares for a total consideration of Rs 145.8 crore.

• Morgan Stanley initiates coverage with an ‘Overweight’ rating on JSW Energy and a target price of Rs 545. The brokerage's positive outlook is based on the company's market share growth, achieved through competitive pricing, and its strong growth potential in the renewable energy sector. The brokerage projects an EBITDA CAGR of 24% for JSW Energy from FY24 to FY28.

  ???? JSW Energy shares rally as Morgan Stanley initiates coverage! ?
  
  Is this the next big breakout? ????#JSWEnergy#StockMarket#Investing#MorganStanleyhttps://t.co/GDwlL89LOF

  — Zee Business (@ZeeBusiness) February 21, 2025

• Easy Trip Planners signs a memorandum of understanding (MoU) with the Korea Tourism Organisation (KTO) to promote Korea to Indian tourists. The company will launch a microsite with travel plans, key attractions, and essential information. It will also run digital campaigns with blogs, videos, and social media promotions on Korea’s culture, cities, and landscapes.

• ITI surges to its 5% upper circuit as it receives a revised order from the Administrative Mechanism for Resolution of Commercial Disputes (AMRCD) to transfer 22.3 acres of land in Electronic City, Bangalore, to the Centre for Development of Telematics (C-DoT) through a sale deed for Rs 200 crore.

• Global Health receives approval from the National Company Law Tribunal (NCLT) to merge Medanta Holdings with itself.

• Sanjay Sethi, MD and CEO of Chalet Hotels, announces the acquisition of Mahananda Spa & Resorts for an all-cash deal of Rs 530 crore. He expects this hotel's occupancy to rise to 60%, up from the previous 45%. Sethi highlights that the company's debt will increase to Rs 2,100 crore following this acquisition.

  Chalet Hotels says
  
  ???? Bought Mahananda Spa & Resorts for Rs.530 Cr in an all cash deal
  ???? Expect the acquired hotel occupancy to move to 60% vs 45%
  ???? Post this deal debt will move up to Rs.2100cr#StockMarkethttps://t.co/jxNTHm9ub2

  — Nigel D'Souza (@Nigel__DSouza) February 21, 2025

• Senores Pharmaceuticals is rising as its subsidiary, Senores Pharmaceuticals USA, signs an agreement to acquire the US FDA-approved Abbreviated New Drug Application (ANDA) for Roflumilast tablets from Towa International's subsidiary, Breckenridge Pharmaceutical. The drug treats severe chronic obstructive pulmonary disease (COPD) with chronic bronchitis. Its US market size is estimated at $46 million for the year ending September 2024, according to IQVIA.

• Tata Steel is rising as it acquires an additional 191.1 crore shares in its Singapore subsidiary, T Steel Holdings, for $300 million (~ Rs 2,603.2 crore).

• HG Infra Engineering sells its entire 100% stake in Rewari Bypass to Highways Infrastructure Trust for Rs 133 crore.

• MTAR Technologies declines over 2% as its promoter, K Shalini, acquires 1.1 lakh equity shares of the company through an open market transaction, bringing her total stake to 1.3% from 0.3% earlier. Meanwhile, Graviton Research Capital LLP sells approx 2 lakh shares worth Rs 28.7 crore through a bulk deal.

  #MarketsWithBS | Mtar Technologies slips 4% after promoter buys via open market an aggregate of 1,05,000 equity shares.#MTARTECH#StockMarketIndia#marketnewshttps://t.co/T4P2yCG9OI

  — Business Standard (@bsindia) February 21, 2025

• Jyoti Structures plans to restart its second manufacturing unit in Nasik by the end of FY25, adding 33,000 metric tonnes (MT) to its existing capacity. The company also plans to add a new galvanising plant and three new CNC fabrication machines in addition to refurnishing the seven CNC machines already at the plant.

• JTL Industries is rising as it receives approval from the National Company Law Tribunal (NCLT) to commence operations at the RCI Industries & Technologies plant. The company will produce up to 200 metric tonnes of copper and brass alloys monthly through job work.

• Ceigall India rises sharply as it achieves financial closure worth Rs 2,498.5 crore to implement two projects to construct 4/6 lane highways in Ayodhya.

• Jefferies sees the healthcare sector as a strong investment opportunity due to its robust earnings visibility in an uncertain market. The brokerage highlights growing positive sentiment around hospital stocks, driven by aggressive capacity expansion as companies capitalise on India's underdeveloped healthcare market. It favours hospitals with substantial brownfield bed expansion plans, naming Max Healthcare its top pick.

  Jefferies sees hospital stocks as pockets of strong earnings visibility in uncertain market
  
  Read more on????https://t.co/91D95NYZPt#Hospitals#Earnings#Stocks#Market

  — Moneycontrol (@moneycontrolcom) February 21, 2025

• Narayana Hrudayalaya rises to its 52-week high of Rs 1,430 per share as it plans an investment of Rs 900 crore to set up a 1,100-bed hospital in Kolkata.

• Grindwell Norton is rising as its board appoints Venugopal Shanbhag as the new Managing Director (MD), succeeding B Santhanam, effective April 1.

• CIE Automotive is falling as its Q3FY25 revenue falls 5.8% YoY to Rs 2,109.9 crore due to a reduction in exports to Europe. However, net profit grows 9.5% YoY to Rs 185 crore, helped by lower raw materials, employee benefits, finance, and tax expenses. It shows up in a screener of stocks with high market cap but lower public shareholding.

• Action Construction Equipment secures an order worth Rs 420 crore from the Ministry of Defence (MoD) to supply 1,121 rough terrain fork lift trucks (RTFLTs) with attachments and accompanying accessories.

• Nifty 50 was trading at 22,906.60 (-6.6, 0.0%), BSE Sensex was trading at 75,612.61 (-123.4, -0.2%) while the broader Nifty 500 was trading at 20,887.45 (56.4, 0.3%)

• Market breadth is highly positive. Of the 1,962 stocks traded today, 1,599 were on the uptick, and 334 were down.

Riding High:

Largecap and midcap gainers today include JSW Infrastructure Ltd. (259.30, 8.8%), JSW Energy Ltd. (496.60, 6.0%) and L&T Technology Services Ltd. (5,123.10, 4.2%).

Downers:

Largecap and midcap losers today include Mahindra & Mahindra Ltd. (2,669.35, -6.0%), Godrej Properties Ltd. (1,991.35, -4.1%) and Biocon Ltd. (322.50, -4.0%).

Volume Shockers

14 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Godrej Industries Ltd. (1,131.50, 11.8%), JSW Infrastructure Ltd. (259.30, 8.8%) and JSW Energy Ltd. (496.60, 6.0%).

Top high volume losers on BSE were Divi's Laboratories Ltd. (5,757.05, -3.7%), Mahindra & Mahindra Financial Services Ltd. (270.45, -3.6%) and CIE Automotive India Ltd. (420.85, -2.4%).

Century Plyboards (India) Ltd. (771.45, 3.2%) was trading at 22.7 times of weekly average. Sundram Fasteners Ltd. (970, -1.4%) and NMDC Steel Ltd. (38.92, 4.4%) were trading with volumes 12.3 and 4.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

3 stocks overperformed with 52 week highs, while 12 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Redington Ltd. (251.51, 0.8%), UPL Ltd. (646.35, -0.1%) and Narayana Hrudayalaya Ltd. (1,396.80, -0.6%).

Stocks making new 52 weeks lows included - Cera Sanitaryware Ltd. (5,826.60, -2%) and Grindwell Norton Ltd. (1,504.25, -1.5%).

17 stocks climbed above their 200 day SMA including Godrej Industries Ltd. (1,131.50, 11.8%) and Affle (India) Ltd. (1,546, 4.4%). 7 stocks slipped below their 200 SMA including Asahi India Glass Ltd. (673.30, -5.7%) and Piramal Pharma Ltd. (209.05, -4.3%).

Nifty 50 closed at 22,913.15 (-19.8, -0.1%) , BSE Sensex closed at 75,735.96 (-203.2, -0.3%) while the broader Nifty 500 closed at 20,831.10 (99.7, 0.5%). Market breadth is ticking up strongly. Of the 2,411 stocks traded today, 1,722 were on the uptick, and 659 were down.

Nifty 50 closed flat after switching between gains and losses throughout the day. The Indian volatility index, Nifty VIX, fell 4.8% and closed at 14.6 points. Patanjali Foods surged 1.9% as the Supreme Court nullified a Rs 186 crore tax demand. The ruling upheld earlier decisions by the National Company Law Tribunal and Bombay High Court dismissing the Income Tax Department’s claim.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. Nifty CPSE and BSE Power Indices were among the top index gainers today. According to Trendlyne’s sector dashboard, Telecommunications Equipment emerged as the top-performing sector of the day, with a rise of 3.6%.

Asian indices closed flat or lower, except for Sri Lanka’s CSE All-Share, which closed higher. European indices are trading higher, except for UK’s FTSE 100 and Netherlands’ AEX, which are trading lower. US index futures are trading lower as investors await Walmart’s earnings and assess the Federal Reserve’s latest meeting minutes, which highlight concerns that Trump’s policies could fuel inflation. Brent crude oil futures are trading flat.

• BSE sees a long buildup in its February 27 futures series, with open interest increasing by 14.1% and a put-call ratio of 0.5.

• BNP Geojit Paribas upgrades Godrej Properties to 'Hold' from 'Sell' with a lower target price of Rs 2,153 per share. This indicates a potential upside of 3.65. The brokerage remains cautious due to high valuations but expects its revenue to grow as it is well-positioned to capitalise on the strong demand in the premium and luxury segments. It expects the firm's revenue to grow at a CAGR of 37.3% over FY25-27.

• Tata Power is rising as it partners with Amazon Web Services to use cloud computing, artificial intelligence, and the Internet of Things to accelerate the country’s transition to a greener, smarter, and more consumer-centric energy ecosystem.

• Adani Group announces a new phase of substantial capital expenditure (capex) growth, with plans to invest over $100 billion (Rs 8 lakh crore) in the next decade. The management highlights that investments will primarily be backed by expanding cash flows, showcasing its improved financial strength and operational resilience, unlike the previous capex cycle that depended heavily on debt.

  #AdaniGroup stocks are in focus on Thursday after the company announced a new phase of high capital expenditure (capex) growth, with plans to invest over $100 billion ( ?8 lakh crore) over the next decade.
  
  (@anky_gohel reports)https://t.co/Pqw9DzIfHf

  — Mint (@livemint) February 20, 2025

• Mahindra & Mahindra rises as it partners with US-based Anduril Industries to develop autonomous maritime systems (AMS) and AI-enabled counter-unmanned aerial systems (CUAS). The collaboration will focus on modular autonomous underwater vehicles and advanced drone threat detection technologies.

• Intellect Design Arena is rising as its subsidiary bags a multi-year order worth Rs 200 crore from London’s premier market insurance and reinsurance brokerage firm to streamline its insurance policy placement process. The brokerage will utilise Intellect's underwriting ecosystem, including Magic Submission and Xponent solutions built on IntellectAI’s Purple Fabric platform.

• Larsen & Toubro's minerals & metals (M&M) business vertical secures an order worth Rs 2,500-5,000 crore from Hindalco to set up an 850 KTPA (kilo tonne per annum) greenfield alumina refinery plant in Odisha.

• Vedanta receives approval from its equity shareholders and creditors for its demerger into five different entities: Vedanta Aluminum, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel & Ferrous Materials, and the existing Vedanta. The demerger, which has obtained no-objection certificates from the BSE and NSE, was initially planned as a six-way split but was revised to five.

  #Vedanta gets approval from equity shareholders, creditors for proposed plan to split into five different businesses.
  
  Read ??https://t.co/q3Qw4CyFRk

  — NDTV Profit (@NDTVProfitIndia) February 20, 2025

• RateGain Travel Technologies rises sharply as it partners with Thailand’s budget airline Nok Air to enhance pricing strategies using its AI-powered platform, AirGain. The platform analyzes data from 300+ airlines and 50+ online travel agencies (OTAs) to optimize fares and promotions.

• Orchid Pharma receives Form 483 with seven observations from the US FDA following a surprise inspection at its active pharmaceutical ingredient (API) manufacturing facility in Tamil Nadu.

• Garden Reach Shipbuilders & Engineers secures a Rs 123.1 crore order from the Ministry of External Affairs, Government of India, for the normal refit of the Mauritius Coast Guard Ship, CGS Barracuda. The warship, built and delivered by GRSE in 2014, is now undergoing refurbishment under this contract.

• Jefferies suggests that the reciprocal US trade tariffs proposed by US President Donald Trump are unlikely to impact the rupee negatively. However, the brokerage believes these tariffs could impact exports like petrochemicals and pharmaceuticals, which account for about one-fifth of India's exports to the US.

  Indian rupee unlikely to see significant impact from reciprocal US tariffs, Jefferies says https://t.co/j87wRYfctlpic.twitter.com/oYNQoIQqTu

  — Reuters Asia (@ReutersAsia) February 20, 2025

• Sharekhan retains its 'Buy' call on Marico with a target price of Rs 780 per share. This indicates a potential upside of 21.6%. The brokerage believes that portfolio diversification in the premium foods and personal care products segments will support revenue growth in the long term. It expects the company's revenue to grow at a CAGR of 11.9% over FY25-27.

• Patanjali Foods announces that the Supreme Court has nullified a Rs 186 crore tax demand related to the pre-corporate insolvency resolution process (CIRP) period. The ruling upholds earlier decisions by the National Company Law Tribunal (NCLT) and Bombay High Court dismissing the Income Tax Department’s claim.

• India Glycols is rising as it bags an order worth Rs 1,264.2 crore to supply 18.2 crore litres of ethanol to a consortium of Bharat Petroleum Corp, Indian Oil Corp, Hindustan Petroleum Corp, Reliance Industries and Nayara Energy.

• Cigarette stocks like ITC, VST Industries, and Godfrey Phillips decline around 4% following reports of a potential GST hike on tobacco products by the Centre after the removal of the compensation cess. Currently, cigarettes and other tobacco products are subject to a 28% GST, along with cess and other levies, bringing the total indirect tax to 53%.

  Cigarette stocks like ITC, VST Industries and Godfrey Phillips fell up to 4% on Thursday after ET reported that the government may raise GST on tobacco products once it stops levying a compensation cess on these items.https://t.co/93uKSCFsUC

  — ETMarkets (@ETMarkets) February 20, 2025

• JBM Auto's subsidiary, JBM Ecolife Mobility, secures a Rs 5,500 crore order under the PM eBus Sewa Scheme-II. The project involves procuring, operating, and maintaining 1,021 electric buses, along with developing electric and civil infrastructure under the gross cost contracting (GCC) model.

• HFCL is rising as it signs an agreement with Bharat Sanchar Nigam for the BharatNet Phase-III program in the Punjab Telecom Circle. This follows an advance work order worth about Rs 2,501.3 crore. As the project implementation agency, HFCL will lead the project’s execution in Punjab.

• Servotech Renewable Power System rises as it signs an agreement with France-based Watt & Well SAS to design, manufacture, and sell EV charger components. The agreement will initially develop a 30 kW power module for the Indian EV charging market.

• Passenger vehicle (PV) manufacturers like Maruti Suzuki India, Hyundai Motor India, Kia India, Tata Motors, and Mahindra & Mahindra (M&M) project single-digit growth for the market in the next financial year (FY26). The car makers attribute this to high repo rates, rupee depreciation, and changing consumer preferences.

  India’s top car makers, including Maruti Suzuki and Tata Motors, forecast slower growth in FY 2025-26 due to high repo rates, rupee depreciation, and shifting consumer preferences. @ronendrasingh Click here to read more:https://t.co/i0ogqgBNyJ

  — businessline (@businessline) February 20, 2025

• Rites surges as it signs a memorandum of understanding (MoU) with the Central Water and Power Research Station (CWPRS) under the Ministry of Jal Shakti. The partnership focuses on enhancing engineering consultancy, research, and development in water resources, marine, and inland waterways infrastructure.

• Waaree Energies is rising as it bags an order from Engie India's arm, Khaba Renewable Energy, to supply solar photovoltaic (PV) modules with a total capacity of 362.5 megawatt-peak (MWp).

• Cyient is rising as its board appoints Sukamal Banerjee as the new Chief Executive Officer (CEO) and Executive Director for five years, effective February 19.

• Bharat Forge is rising as its subsidiary, Kalyani Strategic Systems (KSSL), signs a letter of intent (LoI) with US-based AM General to supply Indian-made advanced artillery cannons in the US.

• Nifty 50 was trading at 22,857.10 (-75.8, -0.3%), BSE Sensex was trading at 75,603.25 (-335.9, -0.4%) while the broader Nifty 500 was trading at 20,660.55 (-70.9, -0.3%).

• Market breadth is in the red. Of the 1,967 stocks traded today, 894 showed gains, and 1,033 showed losses.

Riding High:

Largecap and midcap gainers today include APL Apollo Tubes Ltd. (1,476.60, 7.0%), NHPC Ltd. (79.80, 6.9%) and Bajaj Holdings & Investment Ltd. (12,454.30, 6.2%).

Downers:

Largecap and midcap losers today include FSN E-Commerce Ventures Ltd. (165.58, -3.0%), HDFC Bank Ltd. (1,687.10, -2.3%) and Maruti Suzuki India Ltd. (12,440.65, -1.9%).

Volume Rockets

20 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Godrej Industries Ltd. (1,011.75, 17.5%), Rajesh Exports Ltd. (185.88, 12.9%) and Piramal Pharma Ltd. (218.51, 9.0%).

Top high volume losers on BSE were JBM Auto Ltd. (609.70, -5.9%), Cyient Ltd. (1,452.55, -1.6%) and Pfizer Ltd. (4,110.05, -0.5%).

Linde India Ltd. (6,173.30, 5.4%) was trading at 12.1 times of weekly average. Amara Raja Energy & Mobility Ltd. (1,045.60, 7.7%) and Just Dial Ltd. (894.50, 6.6%) were trading with volumes 10.9 and 9.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

3 stocks hit their 52 week highs, while 7 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Shree Cements Ltd. (28,600, -0.2%), UPL Ltd. (647.25, -0.4%) and Narayana Hrudayalaya Ltd. (1,404.55, 2.2%).

Stocks making new 52 weeks lows included - Cera Sanitaryware Ltd. (5,945.60, -0.7%) and Grindwell Norton Ltd. (1,540, 0.7%).

15 stocks climbed above their 200 day SMA including Godrej Industries Ltd. (1,011.75, 17.5%) and Piramal Pharma Ltd. (218.51, 9.0%). 6 stocks slipped below their 200 SMA including HCL Technologies Ltd. (1,687.55, -1.5%) and Mazagon Dock Shipbuilders Ltd. (2,154.30, -1.2%).

• Relative strength index (RSI) indicates that stocks like Carborundum Universal, Whirlpool of India, G R Infraprojects, and Atul are in the oversold zone.

• Geojit BNP Paribas maintains its 'Buy' call on Bajaj Finance with a target price of Rs 9,521 per share. This indicates a potential upside of 12.9%. The brokerage expects the company's asset quality to remain stable and the Airtel partnership to drive customer growth. It expects the firm's net interest income (NII) to grow at a CAGR of 20.2% over FY25-27.

• Netweb Technologies rises to its 10% upper limit as it launches Skylus.ai, a platform for managing graphics processing unit (GPU) resources across different vendors. It helps organizations optimize GPU and central processing unit (CPU) usage for artificial intelligence and generative AI workloads while reducing costs.

• Tata Consultancy Services (TCS) partners with MassRobotics to drive robotics innovation in North America. TCS will collaborate with startups, researchers, and industry experts to explore applications across retail, travel, transportation, hospitality, and consumer goods.

• According to NSE data, DIIs have invested Rs 1.2 lakh crore in equities since January, while FIIs sold shares worth Rs 1.1 lakh crore. Jefferies warns that the steady inflow of retail funds into India’s equity mutual funds may slow as market returns weaken, potentially impacting Asia’s fourth-largest equity market.

  #MarketsWithMC | DIIs pour in over Rs 1 lakh crore in less than two months of 2025 even as FIIs pull out over $12 billion????@rravindia reports ????https://t.co/tdAsOOIFtI#DIIs#FIIs#Stocks#StockMarket#Trading

  — Moneycontrol (@moneycontrolcom) February 19, 2025

• Lemon Tree Hotels surges as it signs a license agreement for a new hotel for its Red Fox by Lemon Tree Hotels property in Bhopal, Madhya Pradesh, set to open in FY27. Lemon Tree's wholly-owned subsidiary, Carnation Hotels, will manage the property.

• Ashok Leyland secures a Rs 297.9 crore order to supply 320 BS VI diesel low-floor buses to Tamil Nadu State Transport Corp (TNSTC). The buses will feature iGen 6 BS VI technology, with deliveries scheduled between June and August 2025.

• Anand Rathi maintains its 'Buy' call on MOIL with a target price of Rs 400 per share. This indicates a potential upside of 28.6%. The brokerage believes the company is well-positioned to capitalise on the country's steel growth owing to its strong market share, higher-quality ore, and strategic mine locations. It expects the firm's revenue to grow at a CAGR of 24.9% over FY25-27.

• Nuvama Alternative & Quantitative Research expects Zomato and Jio Financial Services will enter the Nifty 50 in the March 2025 reshuffle, with estimated inflows of Rs 5,25,000 crore ($631 million) and Rs 2,65,000 crore ($320 million), respectively. The firm believes these stocks will replace BPCL and Britannia in the benchmark index.

  Keep an eye out on Nifty50 reconstitution - Announcement expected in last week of Feb.
  
  Zomato, Jio FS likely entrants....BPCL, Britannia likely exits.
  
  Credit: @PagariaAbhilashpic.twitter.com/waW6xRBGuW

  — Anisha Jain (@_anishaj) February 19, 2025

• Arkade Developers is rising as it secures the redevelopment rights for Nutan Ayojan, a co-operative housing society in Malad West, Mumbai, with an estimated gross development value (GDV) of Rs 740 crore.

• Container Corporation of India rises as it awards a Rs 689.8 crore contract to Braithwaite & Co. to manufacture and supply 30 BLSS (spine car) rakes, with deliveries set for completion by August 11.

• NAVA is rising as its board approves a Rs 360 crore buyback of 72 lakh equity shares at Rs 500 per share. It sets February 28 as the record date for the buyback.

• A State Bank of India report highlights that India's economy has demonstrated resilience despite global uncertainties. SBI forecasts the GDP growth for Q3FY25 to range between 6.2-6.3%, supported by high-frequency indicators. A stable rural economy, steady wage growth, and robust agricultural performance drive the positive outlook.

  India’s Q3 GDP growth likely at 6.2%-6.3%, SBI sayshttps://t.co/58MAx3dpAi

  — Economic Times (@EconomicTimes) February 19, 2025

• Tata Steel is rising as it receives approval from the Neath Port Talbot Council to set up an electric arc furnace for steelmaking in Port Talbot. The company expects the facility to be operational by the end of 2027.

• Larsen & Toubro rises as it acquires the remaining 26% stake in L&T Special Steels and Heavy Forgings from Nuclear Power Corp of India (NPCIL) for Rs 170 crore, making it a wholly-owned subsidiary.

• Mahindra Lifespace Developers is rising as it partners with Livingstone Infra for a cluster redevelopment project in Mahalaxmi, Mumbai, with an estimated gross development value (GDV) of Rs 1,650 crore.

• Defence stocks like DCX Systems, Zen Technologies, and Data Patterns (India) rise after Defence Secretary Rajesh Kumar Singh announced relaxations in the FDI (Foreign Direct Investment) policy and industrial licensing to boost sector growth. He also emphasizes the need for an annual expenditure of Rs 2,40,000 crore ($30 billion) over the next decade to modernise India's defence forces.

  #MarketsWithBS | #Defencestocks surged up to 15% on the #BSE as heavy volumes followed Defence Secretary Rajesh Kumar Singh’s remarks on #FDI policy relaxation and licensing reforms boosting the sector.#Markets#sharemarket#stockmarkethttps://t.co/ZDoye8XP04

  — Business Standard (@bsindia) February 19, 2025

• Aurobindo Pharma is falling sharply as it receives five observations from the US FDA following a pre-approval inspection (PAI) at Eugia Steriles in Andhra Pradesh.

• Hexaware Technologies' shares debut on the bourses at a 5.3% premium to the issue price of Rs 708. The Rs 8,750 crore IPO received bids for 2.7 times the total shares on offer.

• Ami Organics is rising as its board of directors schedules a meeting on February 21 to consider a proposal for the sub-division / split of equity shares.

• Macquarie forecasts a 14% CAGR growth for the CRDMO (contract research, development, and manufacturing) sector, reaching approximately Rs 1,16,000 crore ($14 billion) by FY28. Additionally, it believes the US Biosecure Act will boost growth in the Indian CDMO sector into the late teens. The brokerage names Divi’s Labs and Suven Pharma as its top picks, citing strong margin expansion prospects. It initiates an 'Outperform' rating for both companies, setting target prices of Rs 4,700 and Rs 1,500, respectively.

  #BrokerageRadar | Macquarie on India Pharma – CRDMO sector set for 14% CAGR growth to $14B by FY28, Divi’s Labs & Suven Pharma stand out, top picks with strong margin expansion ahead @Macquariepic.twitter.com/lJNIGYE3uE

  — ET NOW (@ETNOWlive) February 19, 2025

• Cipla invests ZAR 900 million (~Rs 424.9 crore) in its subsidiary, Cipla Medpro South Africa Proprietary, for 4.1 crore shares.

• Transformers & Rectifiers (India) is rising as it secures an order worth Rs 166.5 crore from Hyosung T&D India to manufacture and supply single-phase coupling transformers and single-phase transformers for Tariff-Based Competitive Bidding (TBCB) projects.

• Piramal Pharma is falling as it receives Form 483 with six observations from the US FDA after conducting a good manufacturing practices (GMP) inspection at its Turbhe facility.

• Rail Vikas Nigam is rising as it secures an order worth Rs 554.5 crore from Rail Infrastructure Development Company (Karnataka) to build nine stations for the Bengaluru Suburban Rail Project. The work includes civil construction, foot overbridges, roofing, and electrical and mechanical installations.

• Nifty 50 was trading at 22,859.25 (-86.1, -0.4%), BSE Sensex was trading at 75,640.68 (-326.7, -0.4%) while the broader Nifty 500 was trading at 20,546.65 (-64.8, -0.3%)

• Market breadth is in the green. Of the 1,941 stocks traded today, 1,122 showed gains, and 771 showed losses.

Riding High:

Largecap and midcap gainers today include Rail Vikas Nigam Ltd. (376.85, 13.1%), Mazagon Dock Shipbuilders Ltd. (2,180.10, 11.1%) and Suzlon Energy Ltd. (54.16, 7.0%).

Downers:

Largecap and midcap losers today include Adani Green Energy Ltd. (864.70, -3.7%), LTIMindtree Ltd. (5,470.10, -3.5%) and Phoenix Mills Ltd. (1,554.30, -2.9%).

Movers and Shakers

15 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Bikaji Foods International Ltd. (656.15, 15.4%), Aegis Logistics Ltd. (761.30, 14.8%) and Tata Investment Corporation Ltd. (5,944.45, 13.6%).

Top high volume losers on BSE were Zydus Lifesciences Ltd. (891.45, -2.5%) and Aurobindo Pharma Ltd. (1,135.20, -2.4%).

TTK Prestige Ltd. (693.65, 2.3%) was trading at 15.8 times of weekly average. Minda Corporation Ltd. (548.05, 9.3%) and Data Patterns (India) Ltd. (1,544.85, 8.5%) were trading with volumes 9.9 and 8.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

3 stocks overperformed with 52 week highs, while 36 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Kotak Mahindra Bank Ltd. (1,985, 1.1%), Shree Cements Ltd. (28,655.15, 1.0%) and UPL Ltd. (650.05, 3.1%).

Stocks making new 52 weeks lows included - Bharat Heavy Electricals Ltd. (195.09, 4.6%) and Zydus Lifesciences Ltd. (891.45, -2.5%).

17 stocks climbed above their 200 day SMA including Aegis Logistics Ltd. (761.30, 14.8%) and Mazagon Dock Shipbuilders Ltd. (2,180.10, 11.1%). 6 stocks slipped below their 200 SMA including Crisil Ltd. (4,706.70, -3.4%) and Jubilant Pharmova Ltd. (968.45, -3.4%).

Nifty 50 closed at 22,945.30 (-14.2, -0.1%) , BSE Sensex closed at 75,967.39 (-29.5, 0.0%) while the broader Nifty 500 closed at 20,611.40 (-41.0, -0.2%). Market breadth is sharply down. Of the 2,410 stocks traded today, 489 showed gains, and 1,893 showed losses.

Indian indices closed flat, with the benchmark Nifty 50 index closing at 22,945.3 points. The Indian volatility index, Nifty VIX, fell 0.4% and closed at 15.7 points. Bharti Airtel closed lower as its promoter, Indian Continent Investment, sold 5.1 crore shares (0.9% stake) worth Rs 8,475 crore through a block deal.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red. Nifty Consumer Durables and Nifty Auto closed lower. According to Trendlyne’s sector dashboard, Hardware Technology & Equipment emerged as the worst-performing sector of the day, with a fall of 4.4%.

European indices are trading mixed. Major Asian indices closed mixed. US index futures are trading higher, indicating a positive start to the trading session. Southwest Airlines announced plans to cut about 15% of corporate jobs, marking its first major layoff, as part of its cost-cutting efforts. Arista Networks, Medtronic, Occidental Petroleum, and Baidu are set to report their earnings later today.

• Money flow index (MFI) indicates that Godfrey Phillips India is in the overbought zone.

• Zomato is rising as it launches Nugget, an AI-based customer support platform. Developed in-house over three years, it helps businesses automate customer support cost-effectively without the need for complex workflows or development teams. The platform resolves up to 80% of queries and improves responses as it learns.

• TVS Supply Chain Solutions rises sharply as TVS Motor buys a stake following Allanzers Fin Net's sale of 20 lakh shares at Rs 128.9 per share in a block deal.

• Pradeep Kheruka, Executive Chairman of Borosil Renewables, highlights that the company's Q3FY25 EBITDA declined primarily due to lower sales realization. However, he believes that the provisional duty received from the Government on December 5 will help improve Q4FY25 margins to around 25-30%.

  Borosil Renewables says
  
  ???? GOI protection will realizations in Q4FY25 which will help margins towards 25-30%
  ???? Capacity expansion to come on stream in Oct 2026#StockToWatch#stockmarketshttps://t.co/fMAokqwoTo

  — Nigel D'Souza (@Nigel__DSouza) February 18, 2025

• Axis Direct retains its 'Buy' call on Kalpataru Projects International with a lower target price of Rs 1,350 per share. This indicates a potential upside of 49.4%. The brokerage believes the company is well-positioned for revenue and margin growth owing to strong order execution and growth across all segments. It expects the firm's revenue to grow at a CAGR of 18.2% over FY25-27.

• Biocon's subsidiary, Biocon Biologics, receives marketing authorization in the European Union (EU) for Yesintek, a biosimilar of Ustekinumab, used to treat adults with psoriatic arthritis or Crohn’s disease. The European market for this drug is valued at approximately €2.5 billion (around Rs 22,749 crore).

• LTIMindtree is rising as it partners with Eurobank for a multi-year banking technology programme. The collaboration aims to streamline operations and innovate IT solutions for Eurobank and its subsidiaries, with LTIMindtree providing support services and modernising technology in Cyprus, Luxembourg, and Greece.

• Pankaj Gadgil, Managing Director & CEO of Aditya Birla Housing Finance, highlights that the company is exploring ways to pass on rate cut benefits to consumers, though the process is complex. Operational efficiencies may reduce costs, but rising credit expenses could offset savings. The company’s borrowings comprise 35% term loans, 39% NCDs, 14% NHB, and a small share of the short-term money market. Gadgil adds that banks need to lower their rates so that housing finance firms can benefit from a repo rate cut.

  Rate cut is dependent on when banks decide to lower their rates: Pankaj Gadgil of Aditya Birla Housing Finance https://t.co/6MEj6L1gei

  — Business Today (@business_today) February 18, 2025

• One97 Communications (Paytm) partners with SBI Mutual Fund to launch JanNivesh Rs 250 systematic investment plan (SIP), offering flexible contribution options (daily, weekly, or monthly) to meet diverse financial needs and preferences for investors.

• Anant Raj's wholly owned subsidiary, Anant Raj Cloud, signs an agreement with CSC Data Services (CDSIL) to jointly offer and promote Rack Rental Business (Co-location Data Center) and Cloud Services to various government departments and private organizations.

• Choice International's subsidiary, Choice Equity Broking, acquires a 100% stake in Arete Capital Services. Arete Capital is a wealth management firm with assets under management (AUM) of Rs 5,151 crore, helping Choice Equity's AUM to increase 5.7x to Rs 6,241 crore.

• The Ministries of Heavy Industries (MHI) and New & Renewable Energy (MNRE) award the PLI scheme for advanced chemistry cells to Reliance Industries' arm, Reliance New Energy Battery, for 10 GWH ACC capacity. The PLI-ACC scheme, launched in 2021 with a budget of Rs 18,100 crore, aims to establish 50 GWh of ACC battery manufacturing capacity in India.

  #JustIn | #HeavyIndMin signs agreement with #RelianceNewEnergyBattery under PLI scheme for advanced chemistry cell.
  
  PLI agreement awards Reliance New Energy Battery a 10 GWH ACC capacity
  
  PLI agreement makes co eligible to receive incentives under India's ?18,100 cr PLI ACC… pic.twitter.com/LLq0rINQbN

  — CNBC-TV18 (@CNBCTV18Live) February 18, 2025

• Bharti Airtel is falling as its promoter, Indian Continent Investment, sells 5.1 crore shares (0.9% stake) worth Rs 8,475 crore in a block deal.

• Ventura maintains its 'Buy' call on Indus Towers with a higher target price of Rs 450 per share. This indicates a potential upside of 35.4%. The brokerage expects the company's revenue to grow due to new tower additions, improved collections, and continued network expansion. It expects the firm's revenue to grow at a CAGR of 10.4% over FY25-27.

• GMR Airports is rising as its passenger traffic increases 11% YoY to 1.1 crore in January, while aircraft movements grow by 9% YoY to 63,767.

• Titan is reportedly in talks with Qatar's Mannai Corporation to acquire a major stake in Damas Jewellery, a leading retailer in West Asia. The discussions are focused on Damas's valuation, estimated at Rs 4,500 crore (around $518 million), but the two parties have not yet agreed on terms.

  Titan in talks to acquire stake in West Asia’s Damas Jewellery: Report
  
  Read more on????https://t.co/vyCOgFWWjA#Jewellery#Titan#WestAsia

  — Moneycontrol (@moneycontrolcom) February 18, 2025

• Krishna Institute of Medical Sciences (KIMS) signs a seven-year operations and management agreement with Ushahkal Abhinav Institute of Medical Sciences (UAIMS Hospital) in Sangli, Maharashtra. KIMS will exclusively provide medical services for the hospital’s current and future operations.

• Power Grid Corp of India secures two interstate transmission projects on a build, own, operate, and transfer (BOOT) basis. The first project in Karnataka includes new pooling substations in Davangere, Chitradurga, and Bellary, along with transmission lines and upgrades. The second project in Rajasthan involves ICT augmentation at substations in Fatehgarh-II, Fatehgarh-IV, and Barmer-I.

• Zaggle Prepaid Ocean Services enters a five-year strategic partnership with Redington to develop employee benefits solutions for its corporate clients.

• Zen Technologies declines over 10% as Chairman & MD Ashok Alturi maintains his FY25 revenue guidance of Rs 900 crore. However, he expresses confidence in achieving an EBITDA margin of 35% and a PAT margin of 25% for FY25. Alturi adds that the acquisition of Applied Research International (ARI) would result in its revenue doubling to Rs 180 crore in three years, up from Rs 90 crore.

  ZEN TECH
  
  Stock down another 10% today
  
  Mgmnt holds 900 Cr revenue guidance for the year
  
  Acquisition of ARI to see revenue doubling to 180 Cr vs 90 Cr in 3 years with margins increasing from 14-15% to 30-35%
  
  Promoters have no intent to buy shares yet
  
  https://t.co/NjOxGc2k6F

  — Mangalam Maloo (@blitzkreigm) February 18, 2025

• Patel Engineering's joint venture (JV) secures an order worth Rs 1,090.5 crore from Maharashtra Krishna Valley Development Corporation, Pune, to build a pipeline distribution network for the Nira Deoghar Right Bank Main Canal and its branches. The project includes excavation, refilling, laying pipes, installing valves and chambers, testing the pipeline, and a five-year operations and maintenance period after completion.

• Uno Minda is rising as it forms a joint venture (JV) with Uno Minda Auto Innovations, Suzhou lnovance Automotive, and lnovance Automotive (HK) Investment to manufacture powertrain components for electric passenger and commercial vehicles.

• SBI Cards and Payment Services' board appoints Salila Pande as the new Managing Director (MD) and Chief Executive Officer (CEO), succeeding Abhijit Chakravorty, for two years, effective April 1.

• ABB India rises sharply as its Q3FY25 net profit jumps 56% YoY to Rs 528.4 crore, helped by inventory destocking and lower finance costs. Revenue grows 22% YoY to Rs 3,364.9 crore, driven by improvements in the robotics & discrete automation, motion, and electrification segments. It features in a screener of stocks with increasing return on equity (RoE) over the past two years.

• Nifty 50 was trading at 22,915.90 (-43.6, -0.2%), BSE Sensex was trading at 75,968.59 (-28.3, 0.0%) while the broader Nifty 500 was trading at 20,621.05 (-31.3, -0.2%).

• Market breadth is even. Of the 1,952 stocks traded today, 976 were on the uptrend, and 925 went down.

Riding High:

Largecap and midcap gainers today include Adani Wilmar Ltd. (256.25, 8.7%), GlaxoSmithKline Pharmaceuticals Ltd. (2,536.85, 8.4%) and Thermax Ltd. (3,211.75, 6.7%).

Downers:

Largecap and midcap losers today include Mazagon Dock Shipbuilders Ltd. (1,961.75, -5.8%), Hindustan Aeronautics Ltd. (3,344.60, -3.8%) and Au Small Finance Bank Ltd. (502.40, -3.8%).

Movers and Shakers

13 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Gillette India Ltd. (8,229.85, 10.4%), NLC India Ltd. (226.87, 9.0%) and GlaxoSmithKline Pharmaceuticals Ltd. (2,536.85, 8.4%).

Top high volume losers on BSE were Usha Martin Ltd. (291, -4.7%), RHI Magnesita India Ltd. (382.60, -4.2%) and ACC Ltd. (1,874.45, -1.9%).

ABB India Ltd. (5,142.05, -1.9%) was trading at 12.7 times of weekly average. Syngene International Ltd. (700.40, -0.1%) and Five-Star Business Finance Ltd. (693.50, 1.2%) were trading with volumes 6.9 and 4.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

83 stocks were underachievers and hit their 52 week lows.

Stocks making new 52 weeks lows included - ACC Ltd. (1,874.45, -1.9%) and Bharat Heavy Electricals Ltd. (186.57, -3.6%).

8 stocks climbed above their 200 day SMA including Gillette India Ltd. (8,229.85, 10.4%) and GlaxoSmithKline Pharmaceuticals Ltd. (2,536.85, 8.4%). 9 stocks slipped below their 200 SMA including PTC Industries Ltd. (10,734.65, -10%) and Mazagon Dock Shipbuilders Ltd. (1,961.75, -5.8%).