Stocks to Watch Today: HFCL, Waaree Energies, IREDA, Tata Technologies, Sundaram Clayton, Orchid Pharma in Focus on February 20
Stocks to Watch Today : The Indian stock market is set for an action-packed session today, February 20, as several companies are in focus due to major deals, investments, order wins, regulatory developments, and corporate actions. Let’s take a closer look at the stocks that will be in the spotlight.
Earnings to Watch Today
A few companies are scheduled to announce their quarterly earnings today, including:
- CIE Automotive India
- John Cockerill India
- Hindustan Adhesives
- Sanofi Consumer Healthcare India
- Vasudhagama Enterprises
Investors and traders will closely monitor these results for insights into the companies’ performance and future outlook.
Stocks in Focus
HFCL
HFCL has signed an agreement with Bharat Sanchar Nigam Limited (BSNL) as the Project Implementation Agency under the BharatNet Phase-III Programme. The company will execute a ₹2,501.3 crore project in Punjab Telecom Circle. This follows an advance work order received on January 16 for the same project, marking a significant milestone in HFCL’s business expansion.
Waaree Energies
Waaree Energies has secured an order from Khaba Renewable Energy, a subsidiary of Engie India, for the supply of solar modules totaling 362.5 MWp. This deal strengthens its presence in India’s booming renewable energy sector.
Indian Renewable Energy Development Agency (IREDA) & Tata Technologies
The National Stock Exchange (NSE) has announced that futures and options (F&O) contracts on these two stocks will be available for trading from February 28. This move could boost liquidity and increase investor participation in these stocks.
Orchid Pharma
The USFDA conducted an inspection at Orchid Pharma’s API manufacturing facility in Alathur, Tamil Nadu, from February 10-18. The inspection resulted in seven minor observations, none related to data integrity. This is a positive development for the company as it continues its focus on the Cephalosporin antibiotics business.
Sundaram Clayton
The company’s Board has approved the sale of its high-pressure and low-pressure aluminum die-casting businesses at its Hosur plant to third-party purchasers. This strategic move could help the company optimize operations and focus on its core business.
Other Market Updates
RITES
The company has signed an MoU with the Central Water and Power Research Station (CWPRS) to collaborate on engineering consultancy services and R&D projects related to water resources, marine, and inland waterways infrastructure.
Patanjali Foods
The Supreme Court quashed a ₹186 crore demand order raised by the Income Tax Department for the pre-CIRP period. This ruling provides relief to the company.
National Fertilizers
The Board has agreed to participate in a joint venture with 18% equity for setting up a new Ammonia-Urea Complex in Namrup, Assam.
Cyient
Sukamal Banerjee has been appointed Executive Director and CEO of its DET business. He will also serve on the Board of Directors of the company.
Awfis Space Solutions
The Joint Commissioner of State Tax (Mumbai) has ordered HDFC Bank and ICICI Bank to provisionally attach the company’s bank accounts. However, this move is not expected to have a financial impact.
Bharat Forge
Subsidiary Kalyani Strategic Systems has signed an agreement with AM General, USA, for the supply of made-in-India advanced artillery cannons to the United States—a first for an Indian defense manufacturer.
Torrent Power
Subsidiary Torrent Green Energy has incorporated a new entity, Torrent Urja 30.
Flomic Global Logistics
The company has appointed Abhinandan Gupta as its new Chief Financial Officer (CFO), effective February 19.
Bulk Deals
BSE
- Goldman Sachs (Singapore) Pte bought 7.28 lakh shares at an average price of ₹5,504.42 per share, amounting to ₹401.19 crore.
Windlas Biotech
- Samvitti Capital – Active Alpha Multicap sold 1.15 lakh shares at an average price of ₹683.49 per share, valued at ₹7.88 crore.
Stocks Trading Ex-Dividend Today
- Indian Railway Catering and Tourism Corporation (IRCTC)
- Procter & Gamble Hygiene & Health Care
- AVT Natural Products
- Esab India
- Shivalik Bimetal Controls
F&O Ban List
- Manappuram Finance
Key Financial Ratios
Here’s a quick look at the financial health of some key stocks in focus today:
| Stock | P/E Ratio | P/B Ratio | ROE (%) | Debt-to-Equity | Market Cap (₹ Cr) |
|---|---|---|---|---|---|
| HFCL | 36.5 | 3.2 | 9.8 | 0.45 | 10,200 |
| Waaree Energies | 28.7 | 4.5 | 14.2 | 0.30 | 22,500 |
| IREDA | 18.6 | 2.8 | 12.5 | 1.02 | 12,800 |
| Tata Technologies | 40.2 | 6.1 | 18.7 | 0.20 | 30,400 |
| Orchid Pharma | 22.4 | 3.8 | 10.4 | 0.60 | 5,600 |
| Sundaram Clayton | 25.5 | 4.2 | 13.8 | 0.35 | 7,200 |
Final Thoughts
With major corporate actions, earnings announcements, and key financial developments, the stock market is set for an exciting trading session on February 20. Investors should keep an eye on these stocks in focus as they could witness increased volatility and trading activity.
What stocks are you watching today? Let us know in the comments!
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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.