Bajaj Auto, IRCTC, Oil India, Vodafone Idea: Stocks to watch on Friday

Stocks to watch on Friday, February 23: At 7:45 am, Gift Nifty futures traded higher by 63.25 points, or 0.28 per cent, at 22,306.5, indicating a positive opening for the markets.

Equity benchmark indices rebounded on Thursday, with Nifty hitting its fresh all-time high and Sensex surging more than 500 points as investors went on a buying spree in IT, automobile, and technology stocks. The 30-share benchmark Sensex soared 535.15 points, or 0.74 per cent, to close at 73,158.24 points.

The broader Nifty climbed 162.40 points, or 0.74 per cent, to hit its highest-ever closing level of 22,217.45 points.

Here are some stocks that will be in focus on Friday, February 23.

Bajaj Auto: The two-wheeler maker invested Rs 45.75 crore on February 22, 2024, in Yulu Bikes. 

After the aforesaid fresh investment, the company’s shareholding in Yulu Bikes now stands at 18.8 per cent. 

Power Finance Corporation: The company's board will consider raising resources through the issuance of bonds, term loans, commercial paper, etc., from domestic and international markets in a meeting on February 29. 

Vodafone Idea: The company's board will consider raising funds in a meeting on February 27, 2024.

IRCTC: The company tied up with Bundl Technologies Pvt. Ltd. (Swiggy Foods) for the supply and delivery of pre-ordered meals through the IRCTC e-catering portal. The first phase, as a proof of concept, will be conducted at four railway stations, i.e., Bengaluru, Bhubaneswar, Vijayawada, and Visakhapatnam.

IRB Infrastructure Developers: The board approved the issuance of any offering circulars and the issuance of foreign currency-denominated notes, including US$-denominated bonds (the “USD Debt Securities”).

Oil India: The company signed a memorandum of understanding (MoU) with The Fertilisers and Chemicals Travancore Limited (FACT) to explore opportunities in the domain of green hydrogen, including green ammonia, green methanol, and other derivatives. 

Jana SFB: The lender posted a good Q3 with profit increasing 13 per cent on year, while NIM expanded to 7.9 per cent.

ICICI Bank: The company's board will meet on March 27 and will get shareholders' nod in respect of the delisting of ICICI Securities.

Prataap Snacks: The packaged foods company has denied reports of ITC buying a stake in the company.

Godrej Properties: The Bombay High Court has announced the verdict in favour of the real estate major and has withdrawn the decision to cancel the allotment of CIDCO's two plants.

Paytm: Shares of the fintech firm are likely to react to the news that Google will launch soundpods in India. Last year, the company, on a pilot basis, rolled out the device. These pods will be available for small merchants across India over the coming months, according to Google. 

Texmaco Rail and Engineering: In its board meeting on February 27, the company will mull raising funds via equity, preferential shares, bonds, debentures, etc.

RBL Bank: Former Blackstone executive Mathew Cryiac bought 32.75 lakh (0.54%) shares at 265.58 apiece.

Honasa Consumer: The traders' favourite stock will gain traction as Citi has initiated a buy call with a target of Rs 550.

(With inputs from agencies.) 

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