Confused about what stocks to watch ahead of markets, worry not, we got your back. Here is a comprehensive list of the latest news around stocks to keep in mind before you start your day. Let’s jump in to see which stocks to remain in focus on February 13.
Stocks in Focus: From ONGC to Kotak Mahindra Bank, you can read about all the stocks that may see action in Thursday’s trade. Previously, on Wednesday, the NSE Nifty 50 closed the session 26 points or 0.12% lower at 23,045.25, while the BSE Sensex lost 122.52 points or 0.16% to close at 76,171.08.
Stocks to watch on February 13, 2025
ONGC
ONGC aims to double its domestic exploration and production acreage to 500,000 square kilometres over the next five years, the company’s director-finance Vivek Chandrakant Tongaonkar told FE.
ALSO READ‘ONGC aims to double acreage in 5 years’ NTPC Green Energy
ONGC NTPC Green (ONGPL) signed an agreement on Wednesday to buy Ayana Renewable Power from National Investment and Infrastructure Fund (NIIF), British International Investment and its subsidiaries, and Eversource Capital at an enterprise value of Rs 19,500 crore, or $ 2.3 billion. This is the second-largest acquisition in the renewable energy space in the country.
Honasa Consumer
Honasa Consumer reported a consolidated net profit of Rs 26 crore during the October-December quarter, beating Street estimates of Rs 17 crore. The company’s net profit was at Rs 25.9 crore in the same quarter in FY24. Revenue from operations was up 6% to Rs 517.5 crore, compared to Rs 488.2 crore a year ago. The Bloomberg consensus estimate had pegged the revenue at Rs 515 crore.
Religare Enterprises
The Supreme Court gave an extension to Florida-based businessman Digvijay (Danny) Gaekwad till Thursday afternoon to deposit the earnest amount of Rs 600 crore for his competing offer to acquire a majority stake in Religare Enterprises, permitting a cash deposit for the same.
Reliance Industries
Reliance Industries (RIL) said it has incorporated a subsidiary, named REC Sustainable Energy Solutions, in Singapore to set up a global capability centre for consolidating research and development (R&D) activities.
ALSO READRIL sets up subsidiary in Singapore Kotak Mahindra Bank
Reserve Bank of India lifted restrictions on Kotak Mahindra Bank allowing the lender to onboard new customers through its online and mobile banking channels.
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