Market Movers: HCL Tech, Sanofi India, PB Fintech, Tata Power & More in Focus on February 28
Market Movers : The stock market is set for an action-packed session on February 28, with major companies announcing earnings, securing big orders, and making key leadership changes. Let’s dive into the latest updates on stocks that are likely to be in focus today.
Earnings Snapshot: Sanofi India, KSB, Schaeffler India
Several companies released their quarterly results, showing strong earnings growth.
Sanofi India (Q4 Standalone YoY)
- Profit: ₹91.3 crore, up 31% from ₹69.7 crore
- Revenue: ₹514.9 crore, up 9.7% from ₹469.2 crore
- Dividend: Recommended ₹117 per share
Schaeffler India (Q4 Consolidated YoY)
- Profit: ₹237.3 crore, up 13.2% from ₹209.6 crore
- Revenue: ₹2,136 crore, up 14% from ₹1,874.6 crore
- Dividend: ₹28 per share
KSB (Q4 Consolidated YoY)
- Profit: ₹73.1 crore, up 33.2% from ₹54.9 crore
- Revenue: ₹726.4 crore, up 20.5% from ₹602.6 crore
- Dividend: ₹4 per share
Stocks to Watch Today
PB Fintech: Leadership Reshuffle
PB Fintech, the parent company of Policybazaar and Paisabazaar, has announced a management reshuffle. Naveen Kukreja will transition to the role of Group President, while Santosh Agarwal takes over as CEO of Paisabazaar. Several other leadership changes are also in place, impacting key business functions.
HCL Technologies: AI-Driven Partnership
HCL Tech has secured a partnership with Children’s Minnesota, a US-based pediatric healthcare system. The IT giant will leverage AI-driven solutions to improve operational efficiency and service delivery in the healthcare space.
Tata Power: Secures Major Solar Contract
TP Solar, a subsidiary of Tata Power, has won a ₹632 crore contract from Solar Energy Corporation of India (SECI) for supplying 292.5 MWp DCR solar modules. This deal is a step forward in India’s renewable energy push.
Transrail Lighting: ₹2,752 Crore Order Win
Transrail Lighting has bagged new orders worth ₹2,752 crore, primarily in the transmission and distribution sector. This brings its total order inflow for the year to over ₹7,400 crore, boosting revenue visibility.
Granules India: US FDA Warning
Granules India’s Gagillapur facility has received a warning letter from the US FDA following an inspection in August 2024. While this won’t impact ongoing operations, it may delay approval for pending product submissions from the facility.
Kernex Microsystems: ₹325 Crore Railway Project
The South Eastern Railway has awarded a ₹325.33 crore contract to the Kernex-MRT consortium for implementing Kavach—an advanced train safety system—across key railway divisions.
Bulk Deals & Market Action
- Kisan Mouldings: Promoter entity Apollo Pipes bought 12 lakh shares at ₹46.52 per share.
- Dolphin Offshore Enterprises: Elara India Opportunities Fund and Aries Opportunities Fund exited, while EBISU Global Opportunities Fund and Unico Global Opportunities Fund bought shares.
- Choksi Laboratories: Nexus Global Opportunities Fund purchased 35,000 shares at ₹121.5 per share.
Upcoming Corporate Actions
Ex-Dividend Stocks (February 28)
- Power Finance Corporation
- International Gemmological Institute India
- Bhatia Communications & Retail
- Panchsheel Organics
Ex-Bonus & Stock Splits
- Jindal Worldwide (Ex-Bonus)
- Oasis Securities, RDB Realty & Infrastructure (Ex-Split)
Stock Buyback (Ex-Date)
- Nava
Key Financial Ratios
| Company | P/E Ratio | P/B Ratio | ROE (%) | Debt/Equity |
|---|---|---|---|---|
| HCL Tech | 25.3 | 5.4 | 21.8 | 0.05 |
| Sanofi India | 32.1 | 8.3 | 18.5 | 0.02 |
| KSB | 28.5 | 4.9 | 16.2 | 0.1 |
| PB Fintech | 88.4 | 5.6 | -3.2 | 0.0 |
| Tata Power | 21.8 | 3.1 | 12.3 | 1.5 |
| Transrail Lighting | 16.2 | 2.5 | 14.8 | 0.8 |
| Granules India | 19.7 | 3.8 | 15.4 | 0.3 |
| Kernex Microsystems | 22.9 | 4.2 | 13.5 | 0.2 |
Final Thoughts
The stock market remains dynamic, with significant earnings growth, order wins, and corporate actions shaping the day’s trade. Investors should keep a close watch on stocks like HCL Tech, Tata Power, PB Fintech, Granules India, and Kernex Microsystems for potential price movements.
Stay tuned for more updates as the trading session unfolds!
For more market insights, follow our news.
Stay tuned for more updates and insights on the stock market! For more insights on investing in the Indian stock market, check out resource like ET, NSE India.
Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.