Every trading day has its stars and strugglers. As the markets gear up for another trading session today, February 20, certain stocks are catching the spotlight. From major deals to policy shifts, here is a look at the stocks that are in focus.
Market recap
After a day of fluctuating trends, the Indian stock markets closed on a flat note on Wednesday, February 19. The BSE Sensex dipped slightly by 28 points to settle at 75,939.18, while the NSE Nifty50 ended at 22,932.90, down just 12 points.
Stocks to watch on February 20, 2025 Bharat Forge
Kalyani Strategic Systems, a subsidiary of Bharat Forge, has signed a Letter of Intent (LOI) with US-based AM General for supplying advanced artillery cannons. This is the first-ever artillery cannon export deal between an Indian company and the United States.
M&M
Mahindra & Mahindra (M&M) has announced a collaboration with US-based Anduril Industries to integrate AI and autonomous technologies into global defense solutions. The partnership will focus on areas like autonomous maritime systems, AI-driven counter-drone technology, and advanced command & control software.
M&M share price saw a decline, dropping by 1.12% to settle at Rs 2,758.85 in the previous trading session.
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Chennai-based Sundaram-Clayton has announced plans to divest its aluminium die-casting operations at its Hosur facility. The company is in talks with potential buyers, though details regarding the transaction structure and financial terms are yet to be finalised.
Awfis Space Solutions
The tax department has ordered the attachment of Awfis Space Solutions’ accounts at HDFC Bank and ICICI Bank. However, the company has assured that its operations and financial stability remain unaffected.
RITES
Transport infrastructure consultancy firm RITES has partnered with the Central Water and Power Research Station (CWPRS) through a Memorandum of Understanding (MoU).
RITES share price in the previous day’s trading ended at Rs Rites, marking a gain of 4.55%.
Cyient
Cyient, a leading engineering solutions provider, has appointed Sukamal Banerjee as Executive Director and Chief Executive Officer of its Digital, Engineering, and Technology (DET) business. His appointment, effective from February 19, also includes a position on the company’s Board of Directors.
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