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 PoC (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 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.
(With inputs from agencies.)
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