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Illustration: Ajay Mohanty
Stocks to Watch on Tuesday, February 20, 2024: After ending at record high yesterday, the Nifty 50 is likely to start today’s trading session on a quiet note.
At 07:30 AM, Gift Nifty futures quoted around 22,168 as against the spot Nifty close of 22,122.
In Asia this morning, Nikkei, Hang Seng and Taiwan were up around 0.5 per cent each. Straits Times was flat, while Kospi was down around 0.5 per cent.
On Monday, the US market was shut for trading on account of Presidents’ Day holiday.
The US 10-year bond yield quoted atop 4.3 per cent level. Brent Crude Oil futures quoted around $83.50 per barrel level.
Meanwhile, these are the stocks that are likely to be in focus on Tuesday.
Balrampur Chini: To invest up to Rs 2,000 crore over a period of 30 months, to venture into Poly Lactic Acid Manufacturing business.
CIE Automotive: Reports a turnaround in the December quarter, with consolidated net profit of Rs 169 crore as against a net loss of Rs 658 crore in the corresponding quarter a year ago.
Mastek: Board approved allotment of up to 1.6 equity shares at Rs 2,382 per share for consideration of 39,189 compulsory convertible preference shares.
Oriental Rail Infrastructure: Board to meet on February 22 to consider and approve allotment of 5.06 million equity shares and 7.50 million warrants convertible into equity shares at Rs 169 per share.
NBCC: Secured orders worth Rs 3,690 crore.
Paisalo Digital: Board meet scheduled on February 22 to consider proposal for fund raising.
ESAF Small Finance Bank: Board to meet on February 23 to consider a proposal to raise funds by way of issuance of Non-Convertible Debentures on Private Placement basis.
Morepen Labs: Board meet on February 22 to consider fund raising proposal.
Stocks in F&O ban today: Aditya Birla Fashion Retail, Ashok Leyland, Bandhan Bank, Biocon, Canara Bank, Hindustan Copper, India Cement, Indus Towers, National Aluminium, SAIL and Zee Entertainment are the 11 stocks in futures & options ban period on Tuesday.
First Published: Feb 20 2024 | 7:49 AM IST
