Titan, Patanjali Foods, Vedanta, Cochin Shipyard: Stocks to watch on Wednesday

Stocks to watch on Wednesday, February 28: At around 8:03 am, Gift Nifty futures traded with a positive bias, up 0.08 per cent, or 17.95 points, at 22,221, suggesting a positive opening for the markets. Benchmark equity indices Sensex and Nifty rebounded on Tuesday following buying in index major Tata Consultancy Services (TCS), Tata Motors, and Sun Pharma amid mostly firm global markets. 

The 30-share BSE Sensex climbed 305.09 points, or 0.42 per cent, to settle at 73,095.22. The index was hit by volatility in the first half of the session, but gains in index heavyweights helped the barometer close in the green. The Nifty ended 76.30 points, or 0.34 per cent, up at 22,198.35.

Here are some stocks that will be in focus on Wednesday, February 28.

Titan: The watchmaker will purchase a 0.36 per cent stake held by individual shareholders of CaratLane Trading. The company currently holds 99.64 per cent of the total equity share capital of CaratLane. 

Cochin Shipyard: Prime Minister Narendra Modi will virtually inaugurate India's first hydrogen fuel cell ferry constructed by the company on February 28.

GE T&D India: The company received major orders from Power Grid Corporation of India Limited for the supply of 765 kV shunt reactors for PGCIL’s various transmission system projects in India. 

Hindustan Zinc: The company's subsidiary Hindmetal Exploration Services, with an authorised share capital of Rs one lakh, was incorporated with Hindustan Zinc. 

Vodafone Idea: The telco's board approved raising around Rs 45,000 crore via the issuance of equity or equity-related instruments. 

Patanjali Foods: The apex court has issued a contempt notice against the company's MD, Balakrishnan, for the wrong advertisement.

Tanla Platforms: The company has expanded its contract terms with Truecaller for offering business messaging services to enterprises.

BGR Energy Systems: The promoter of the company, Sasikala Raghupathy, sold 50.76 lakh shares at Rs 64.95 per share.

Capital Small Finance Bank: The company in Q3 posted a 2 per cent increase in profit, with GNPA increasing sequentially to 2.97 per cent.

CMS Info Systems: Promoter Sion Investment Holdings sold 4.18 crore shares, or 26.69% stake, at Rs 370.38 per share. In the deal, as many as 13 entities bought 2.55 crore shares at Rs 370 per share.

ICICI Lombard/ICICI Bank: The company's promoter, ICICI Bank, bought a 1.65 per cent stake in the entity at Rs 1,666.35 per share. The sellers in the transaction are Bharti Enterprises, Mirae Asset Mutual Fund, Fidelity Funds, and Dendana Investments Mauritius.

(With inputs from agencies.) 

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