ICICI Bank, JK Cement, Axis Bank, LTIMindtree: Stocks to watch on Thursday

Stocks to watch on Thursday, February 22:  At around 7:54 am, Gift Nifty futures traded higher by 0.32 per cent, or 70.85 points, at 22,141, indicating a positive start for equities today.

Benchmark indices Sensex and Nifty broke their six-day winning run and settled with a steep fall on Wednesday amid profit booking during the last minutes of trade and mixed global cues. The 30-share benchmark Sensex stayed mostly firm during intra-day but settled 434.31 points, or 0.59 per cent, lower at 72,623.09 points.

Similarly, the broader Nifty also pared all its intra-day gains before closing 141.90 points, or 0.64 per cent, down at 22,055.05 points.

Here are some stocks that will be in focus on Thursday, February 22.

NBCC (India): The company received approval from the Greater Noida Authority for the development of existing projects at Amrapali valuing approximately Rs 10,000 crore.

LTIMindtree: LTIMindtree signed a Memorandum of Understanding (MoU) with Eurolife FFH to establish Gen Al and the Digital Hub in Athens and dedicated facilities in Poland, Europe, and Mumbai, India. 

JK Cement: The company's board agreed to modify acquisition terms with Toshali Cements. JK Cement will pay Rs 10.75 crore to the existing promoters of Toshali Cements for the acquisition of 100 per cent equity. 

ICICI Bank: Moody's affirmed ICICI Bank's 'Baa3' deposit ratings, keeping the outlook stable.

Axis Bank: Moody's affirmed Axis Bank's 'Baa3' deposit ratings and kept the outlook stable. 

63 Moons Technologies: The company launched India’s first comprehensive mobile security solution for the 80-crore mobile phone market through CYBX. 

Brigade Enterprises: The company signed a Joint Development Agreement with PVP Ventures Limited to develop a 2.5 million square foot, high-rise residential project spread across 16 acres in Perambur, Chennai, with a revenue potential of about Rs 2,000 crore. 

Balrampur Chini Mills and other sugar stocks: The cabinet has approved an increase in the FRP for sugarcane by Rs 25 per quintal. This now stands at Rs 340 per quintal.

L&T/Mishra Dhatu/MTAR Tech: In the space sector, the government has overhauled the FDI policy and has allowed up to 49 per cent FDI in launching vehicles used in spacecraft. In satellite manufacturing and operation, the Cabinet has given its nod for up to 74 per cent FDI.

Eureka Forbes: The promoter entity Lunolux will divest its 12 per cent stake in the company via a block deal at a nearly 3 per cent discount to the current market price.

NBCC: The company has got approval from the Greater Noida Authority for the Amrapali project, estimated to be worth Rs 10,000 crore.

South Indian Bank: The company, via a rights issue, will aggregate Rs 1,151 crore at an issue price of Rs 22 per share. The rights issue of the lender will open between March 6 and March 20.

Home First Finance: The IRDAI has given the company a corporate agency licence to sell life, general, and health insurance. 

Prataap Snacks, ITC: ITC may buy up to a 47 per cent stake in Prataap Snacks. As per reports, the company may buy Peak XV Partners' stake.

Grauer & Weil: The company will consider the issuance of bonus shares on February 26.

(With inputs from agencies.) 

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