Stocks to Watch: Zomato, Bharti Airtel, Manappuram Finance, and More
As investors gear up for the stock market activities on February 25, 2025, certain stocks are expected to attract significant attention. Following a pre-market indicator of a subdued start, with the GIFT Nifty trading flat at 22,586, market watchers will be looking keenly at several companies making headlines.
Market Overview
On the previous trading day, the NSE Nifty 50 closed down by 243 points, or 1.06%, settling at 22,553.35, while the BSE Sensex fell by 857 points, or 1.14%, finishing at 74,454.41. Such movements signal a cautious sentiment as investors brace for the day ahead.
Key Stocks in Focus
Zomato
Zomato continues to make waves in the market, having recently invested an additional ₹1,500 crore in Blinkit, its quick commerce subsidiary. This latest financial commitment comes close on the heels of a previous infusion of ₹500 crore, reflecting Zomato’s strategic focus on bolstering its logistics capabilities in the rapidly evolving food delivery and grocery market.
Bharti Airtel
In a significant development, Bharti Airtel has announced a new partnership with Apple. This collaboration will see the telecom giant provide Apple TV+ streaming services and Apple Music to its home Wi-Fi and postpaid customers, a move expected to enhance user engagement and potentially attract new subscribers to Bharti Airtel’s services.
Manappuram Finance
Manappuram Finance has issued a statement clarifying recent media reports about a potential $1 billion deal with Bain Capital. The firm emphasized that there are no events or agreements that require disclosure under the Securities and Exchange Board of India’s (SEBI) Listing Regulations, a statement aimed at clearing any market rumors that might influence investor behavior.
NTPC Green Energy
NTPC Green Energy, a subsidiary of NTPC, has made headlines by signing a Memorandum of Understanding (MoU) with the Madhya Pradesh Power Generating Company (MPPGCL). This new agreement, formalized at the Global Investors Summit in Bhopal, focuses on the development of renewable energy parks and projects, marking a step forward in India’s renewable energy ambitions.
LIC
The Life Insurance Corporation of India (LIC) is facing a tax demand of approximately ₹57.2 crore from tax authorities over an alleged excess Input Tax Credit (ITC) availed for the financial year 2020-21. This notice has emerged from the Assistant Commissioner in Delhi, potentially impacting LIC’s financial statements and operations.
Texmaco Rail & Engineering
Texmaco Rail & Engineering has forged a strategic partnership with Nevomo, a Polish technology company specializing in next-generation Magrail technology and Linear Propulsion Systems. This collaboration aims to enhance technological innovations in rail engineering.
Tata Communications
Tata Communications has successfully issued commercial papers to raise ₹465 crore, with the papers traded on the National Stock Exchange. The issuance, which took place on February 21, has a redemption date set for May 23, 2025, aimed at funding the company’s ongoing operations and projects.
IREDA
The Indian Renewable Energy Development Agency (IREDA) has received approval from its shareholders to raise up to ₹5,000 crore through equity shares directed at qualified institutional buyers. This decision reflects a strengthening commitment to funding renewable energy projects and initiatives within India.
Conclusion
For investors and analysts, the above stocks represent critical areas of focus amid fluctuating market conditions. As February 25 unfolds, the developments around these companies will be pivotal in shaping market dynamics. Keeping an eye on these stocks may provide valuable insights into how the broader market trends will evolve in the coming days.
Stay tuned for more updates and detailed analyses as the trading day progresses.
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