Indian benchmark indices are expected to open lower on February 21, 2025. As of 7:32 AM, GIFT Nifty futures were trading 89.5 points down at 22,852.5. In the previous trading session, the BSE Sensex declined by 203.22 points or 0.27 percent, settling at 75,735.96. Meanwhile, the NSE Nifty50 closed 19.75 points or 0.09 percent lower at 22,913.15.
Stock market will be in focus during today’s trading session, driven by key developments in corporate earnings, acquisitions, and strategic initiatives.
Corporate Earnings and Financial Updates
CIE Automotive reported a nine percent year-on-year growth in consolidated net profit for Q3, reaching Rs 184.9 crore compared to Rs 168.9 crore in the same quarter last year. Meanwhile, Sanofi Consumer Healthcare witnessed a 35 percent year-on-year decline in net profit, reporting Rs 44.3 crore against Rs 67.9 crore previously.
Mergers, Acquisitions, and Strategic Developments
Religare Enterprises came into focus as the Burman family acquired control of the company. The new leadership aims to reinforce strategic direction and enhance long-term value creation. Vedanta’s shareholders and creditors approved the company’s demerger plan, which will split the company into five separate entities.
Major Approvals and Business Expansions
Sun Pharma has sought shareholders’ approval for related-party transactions worth approximately $1 billion for FY26. These transactions involve its subsidiaries, including Taro Pharmaceuticals in Canada, Israel, and the US. Hitachi Energy India is also seeking approval from shareholders to increase its borrowing limit to Rs 11,500 crore.
Tata Power announced a collaboration with Amazon Web Services to modernize its digital infrastructure and enhance energy management and positively impact their stock market performance. The partnership aims to drive a smarter and consumer-centric energy transition in India.
Tata Motors’ EV Push and Adani Group’s Financial Update
Tata Motors launched special offers for a limited period of 45 days to celebrate surpassing 200,000 electric vehicle sales. Customers can benefit from an exchange bonus of up to Rs 50,000, 100 percent on-road financing with zero down payment, and other incentives.
Adani Group reassured creditors and investors of its strong financial position, stating that it has sufficient cash reserves to meet debt obligations. The group also reported record pre-tax profits in the 12 months ending December 2024.
Growth Strategies and New Orders
Crompton Greaves is expecting to cross the $1 billion sales mark this fiscal year, aiming for double-digit revenue growth through a newly implemented strategy. L&T secured a large order from Hindalco to establish an 850 KTPA greenfield alumina refinery in Odisha.
JM Financial is set to receive a refund of Rs 230 crore from the Deputy Commissioner of Income Tax. Meanwhile, SJVN is planning to expand its only coal power project in eastern India.
Stock market Exits and Market Transactions
ISGEC Heavy Engineering saw Goldman Sachs offload Rs 96 crore worth of shares, equivalent to a 1.4 percent equity stake, through an open market transaction. With this sale, Goldman Sachs has completely exited the Stock Market.
Tech Collaborations and AI Integration
TCS has partnered with Salesforce to support customers in the manufacturing and semiconductor industries in leveraging artificial intelligence for enhanced business efficiency.
With several corporate developments unfolding, these stocks are likely to see increased stock market activity in today’s session. Investors will closely monitor movements, especially as the broader market remains under pressure.
