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Stocks to watch: Shares of firms like Zomato, Paytm, SBI Card, GMR Airports, NTPC, Vedanta, and others will be in focus on Tuesday’s trade
Stocks to watch on February 18
Stocks To Watch On February 18: Benchmark indices ended flat on Monday after eight consecutive sessions of declines, influenced by mixed global cues. Today, stocks like Zomato, Paytm, SBI Card, GMR Airports, and Uno Minda will be in focus due to significant developments.
Results on February 18: Bharat Global Developers, Elantas Beck, and other companies will announce their quarterly results.
ABB India: The company reported a net profit of Rs 528.41 crore for Q4, up from Rs 33.87 crore a year ago. Quarterly revenue stood at Rs 3,364.93 crore, compared to Rs 2,757.49 crore in the same quarter last year.
Bharti Airtel: The telecom giant announced the proposed 21,700 km-long SEA-ME-WE 6 optical fibre submarine cable, set to land in Chennai.
Texmaco Rail Engineering: The company expects a slowdown in order growth for freight cars (wagons) due to increasing congestion in freight and passenger trains, which is slowing down freight growth for Indian Railways.
Vedanta: The company will discuss its demerger into five distinct businesses with creditors on Thursday.
NTPC: The power generation company aims to build 30 gigawatts of nuclear power capacity over the next two decades, with an investment of $62 billion, according to reports.
360 One Asset: The company is set to acquire a 15% stake in Bharti AXA Life Insurance.
JK Tyre: Anuj Kathuria, President of India Operations at JK Tyre and Industries, resigned from his position on February 14, citing “personal reasons.”
Paytm: One 97 Communications, the parent company of Paytm, has partnered with State Bank of India (SBI) Mutual Fund through its subsidiary, Paytm Services Private Ltd., to launch the “JanNivesh Rs 250 systematic investment planning (SIP)” initiative, allowing users to start investing with as little as Rs 250.
Allcargo Terminals: The company reported a 4% increase in Container Freight Station (CFS) volumes in January 2025, totaling 53,800 TEUs, driven by exports. This represents an 11% year-on-year increase compared to January 2024.
SBI Card: The company’s board approved an interim dividend of Rs 2.5 per share (face value of Rs 10 each). The record date for dividend eligibility is Tuesday, February 25, 2025.
ICICI Prudential: The company has been issued a tax demand of Rs 190.23 crore by the Deputy Commissioner of State Tax.
DCX Systems: The company secured orders worth Rs 24.51 crore and has set up an additional unit under the Domestic Tariff Area (DTA) in Bengaluru.
Power Grid: The company has been awarded the contract for establishing a new pooling substation in Karnataka and carrying out ICT augmentation works at existing and under-construction sub-stations in Rajasthan, as part of the Tariff-Based Competitive Bidding process.
GMR Airports: GMR reported an 11% year-on-year increase in passenger traffic for January 2025, totaling 10.6 million, although it experienced a 2% month-on-month decline. Aircraft movements rose 9% year-on-year to 63,767 but saw a 1% month-on-month decrease.
Zomato: CEO Deepinder Goyal unveiled “Nugget,” an AI-driven customer support platform designed to enhance its food delivery service, quick commerce vertical Blinkit, and Hyperpure.
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