Stocks to watch on Thursday, February 29: At around 7:55 am, Gift Nifty futures traded higher by 0.16 per cent or 34.15 points, at 21,955.5, indicating a positive opening for the markets.

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On Wednesday, the 30-share BSE Sensex fell by 790.34 points, or 1.08 per cent, to settle at 72,304.88. The Nifty slumped 247.20 points, or 1.11 per cent, to close at 21,951.15.

Here are some stocks that will be in focus on Thursday, February 29.

Coal India/BHEL: The company signed a joint venture agreement (JVA) with BHEL to undertake Coal to Chemicals business by initially setting up a Coal to 2000 TPD Ammonium Nitrate Plant using BHEL’s in-house developed PFBG (Pressurised Fluidised Bed Gasification) technology. 

Coal India will hold 51 per cent while BHEL will have 49 per cent.

Wipro: The IT firm completed the migration of ManpowerGroup's largest data centre in Europe to Microsoft Azure.

JSW Steel: The company's subsidiary, JSW Green Steel, was incorporated on February 27, 2024.

Emami: The company entered into an agreement for the investment of Rs. 1.95 crore by way of subscription to the compulsorily convertible preference shares of “Cannis Lupus Services India Private Limited” (“Cannis”), its associate company.

NTPC: NTPC Green Energy, a subsidiary of the company, has inked a joint venture agreement with Maharashtra State Power Generation Company for the development of renewable energy parks in Maharashtra. 

Shriram Finance: Shriram Finance will replace UPL in the Nifty 50 pack effective March 28. 

Brightcom: Sebi on Wednesday refused to lift the securities market restriction imposed on Suresh Kumar Reddy, promoter of Brightcom Group Ltd., in a case concerning irregularities in preferential allotments of shares made by the company.

However, the market regulator SEBI has lifted the ban on ace investor Shankar Sharma. 

ICICI Securities: The company has been issued an administrative warning letter by SEBI for the books and records associated with merchant banking. 

Piramal Enterprises: The company's subsidiary, Piramal Capital, has received the income tax assessment order for a carryforward of Rs 10,627 crore in loss. 

Venus Pipes: The company has forayed into the fittings space, and for the next leg of growth, Venus Pipes has announced a capex of Rs 175 crore.

Allcargo Logistics/TransIndia Real Estate: The company has sold its subsidiary. TransIndia Real Estate has sold Allcargo Multimodal's 2.24 crore, or 100 per cent equity, to BRE Asia Urban for Rs 245 crore.

KSB: The company posted an operationally weak Q3 with margins dragged lower to 13.4 per cent as against 14.6 per cent in the same period last year.

Bajaj Auto: The company's stock will trade ex-date in respect of the buyback announced by the company.

Delta Corp: Today is the last day of the company in the F&O segment.

(With inputs from agencies.) 

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