Are you unsure about which stocks to monitor before the markets open? don’t worry; we’re here to help. Below is a thorough overview of the most recent stock-related news to consider before beginning your day. You can have your affair in the stock markets today with these stocks-
Stocks in Focus: From Marico to Delhivery, you can read about all the stocks that may see some action on Monday. Previously, on Friday, the NSE Nifty 50 closed the session 117 points or 0.51% lower at 22,795.90, while the BSE Sensex lost 425 points or 0.56% to close at 75,311.06.
Stocks to watch on February 24, 2025
Marico
Marico expects to deliver a double-digit revenue growth in FY25 helped by sequential improvement with price hikes and better volume, its MD & CEO Saugata Gupta said to PTI. However, he also mentioned that as far as profitability is concerned there is inflationary pressure on the material inputs in the second half of FY25 and the operating margin should be in the “broad region of 20 per cent” helped by a strong and institutionalised cost management system.”
Adani Group
The Adani Group has released its Tax Transparency Reports for the financial year 2023-24, highlighting a substantial increase in its contributions to the exchequer. The group’s total global tax and other financial contributions amounted to Rs 58,104.4 crore, marking a sharp rise from Rs 46,610.2 crore in the previous fiscal year.
Swiggy
Swiggy announced a Rs 1,000 crore investment in its supply chain subsidiary, Scootsy, following board approval. This comes after a Rs 1,600 crore infusion into Scootsy in December, underscoring Swiggy’s aggressive push into supply chain and logistics.
Bharti Airtel
Bharti Airtel announced it will increase its shareholding in Airtel Africa plc, a subsidiary company listed in the UK, by acquisition of upto 5 per cent stake in one or more tranches during FY 2024-25. The acquisition, it added, will be done through Airtel Africa Mauritius Limited (AAML), a step-down subsidiary of the company. AAML presently holds 57.29 per cent of Airtel Africa plc.
Bajaj Auto
Bajaj Auto announced that its board of directors have approved to invest funds up to Euro 150 million (equivalent to Rs 1,364 crore) in Bajaj Auto International Holdings BV, Netherlands, a wholly owned subsidiary of the company.
NTPC
NTPC and EDF India, an arm of French firm Electricite de France, have joined hands to set up pumped hydro storage and hydro projects bundled with renewable energy projects and explore opportunities in the distribution business. NTPC and EDF India have signed a non-binding term sheet to develop, own, operate, and maintain pumped storage projects and any other hydropower projects.
Bank of Maharashtra
Bank of Maharashtra has cut interest rates by 25 basis points on retail loans, including home and car loans in line with the reduction in repo rate by RBI. After a gap of 5 years, RBI reduced the repo rate, the rate at which banks borrow from the central bank, by 25 basis points to 6.25% on February 7.
Jagsonpal Pharmaceuticals
USFDA pulled up Jagsonpal Pharmaceuticals for significant manufacturing lapses at its Rajasthan-based active pharmaceutical ingredients (APIs) plant. In a warning letter issued to the company’s Managing Director Manish Gupta, the USFDA noted that the correspondence summarises significant deviations from Current Good Manufacturing Practices for APIs.
RailTel Corporation
RailTel Corporation of India was awarded the Kavach tender for 71 stations over a 502-km route under the Danapur and Sonpur divisions of East Central Railway. “This significant achievement underscores RailTel’s commitment to enhancing railway safety and operational efficiency through cutting-edge technology. The Kavach tender, valued at approximately Rs 288 core, is one of RailTel’s largest signalling projects. Implementing this system will enhance safety and improve the East Central Railway’s overall operational efficiency,” an exchange filing said.
Delhivery
Delhivery is betting big on road trains — tractor units towing multiple trailers — to transform transportation for high-volume sectors like automobiles and fast-moving consumer goods (FMCG). The company believes this innovation will significantly reduce costs and enhance efficiency.