Stocks to watch on Friday, February 16: At 8:40 am, Gifty Nifty traded with a gap-up of 0.37 per cent or 81.45 points, at 22,086.5, suggesting a positive opening for Indian indices today.

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Domestic benchmark indices Sensex and Nifty closed mildly higher on Thursday (February 15), as strength in financial, IT, and auto stocks was offset by weakness in FMCG counters. Both indices rose 0.3 per cent for the day, with the Sensex adding 227.6 points to end at 72,050.4 and the Nifty50 settling with a gain of 70.7 points at 21,910.8.

Here are some stocks that will be in the spotlight on Friday, February 16.

Results on February 16: Crisil and Schaeffler India will announce their financial results for the October-December period.

Tejas Networks: The company received Rs 27.78 crore as incentives for the fiscal year 2022–23 under the government’s production-linked incentive (PLI) scheme for telecom and networking products.

UPL: Fitch Ratings downgraded UPL Corporation's long-term issuer default rating to 'BB+' from 'BBB-' with a negative outlook.

IndiGo and SpiceJet: Domestic air passenger traffic grew 4.7 per cent on a year-on-year basis to 1.31 crore in January, according to data from civil aviation regulator DGCA.

KPI Green Energy: The company's subsidiary, KPIG Energia, received an order of 1.5 MW for executing a solar power project from Pruthvi Textile. The work is scheduled to be completed in various tranches in the financial year 2024–25, as per the terms of the order.

Dilip Buildcon: A Vijay Kumar Mishra Construction-Dilip Buildcon joint venture was declared the L-1 bidder for the tender floated by the Water Resources Department, Madhya Pradesh.

Paytm: Paytm shares continued to fall for a third straight day on Thursday after the ED reportedly questioned its senior executives as part of preliminary examinations before a formal probe under foreign exchange rules. 

HAL and BEL:It is possible to approve defence purchases worth Rs 19 thousand crore from HAL and BEL in the important meeting of the Defence Acquisition Council today.

UPL: The agrochemicals company rating has been downgraded by rating agency Fitch to BBB- with a negative outlook. The decision has been taken on account of the decline in demand for crop production globally.

Tata Motors: As per the Bloomberg report, Tata Group is considering demerger of the company's battery as well as the electric vehicle segment.

Oil and gas stocks: On crude petroleum, the windfall tax has been increased to Rs 3300 per tonne, while for diesel, it has been increased to Rs 1.50 per litre.

BL Kashyap and Sons: The civil construction company will be in focus as the company bagged an order worth Rs 208 crore from Manyata Promoters for the construction of the Embassy Manyata Business Park Campus, Bangalore.

Sudarshan Chemical Industries: The promoter in the company sold 18 lakh shares at Rs 514.18 per share.

BPCL: Jefferies has upgraded the OMC to a buy from underperform. The target has been raised to Rs 890. The company will undertake a pilot project for hydrogen handling in the automobile sector.

EPACK Durable: The company has turned profitable and posted a Rs 5 crore profit as against a loss of Rs 6 crore in the same period last year. The margins at the firm have also climbed to a significant 8.5 per cent versus 1.7 per cent. 

Aviation stocks in focus: As per the regulatory body, DGCA, passenger traffic in January increased by 4.7 per cent. 

(With inputs from agencies.)

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