Stocks To Watch: IndiGo, Airtel, Wipro, SpiceJet, UltraTech, Infosys, Paytm, And Others – News18
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Stocks to watch: Shares of firms like IndiGo, Airtel, Wipro, SpiceJet, UltraTech, Infosys, Paytm, and others will be in focus on Thursday’s trade
Stocks to watch
Stocks to Watch on February 27: The markets remained subdued on Tuesday, closing almost unchanged due to mixed signals. Today, shares of IndiGo, Bharti Airtel, Wipro, SpiceJet, UltraTech Cement, Coforge, Bharat Electronics, and others will be in focus due to various news developments.
IndiGo
IndiGo has disclosed that it is facing a fine of nearly Rs 14 lakh regarding input tax credit and is currently evaluating legal options.
Religare Enterprises
The Burman family-controlled financial services firm, Religare Enterprises, has approved the appointment of four new directors: Abhay Kumar Agarwal, Arjun Lamba, Gurumurthy Ramanathan, and Suresh Mahalingam.
Paytm
The government has entered into an agreement with Paytm to provide mentorship, infrastructure support, market access, and funding opportunities for startups.
Tata Power
Tata Power has signed a Memorandum of Understanding (MoU) to develop renewable energy projects with a total capacity of 5,000 MW in Assam, involving an investment of Rs 30,000 crore.
Adani Green
Adani Green’s subsidiary, Adani Saur Urja (LA), has received a letter of award from UP Power Corporation for procuring 1,250 MW of energy storage capacity from Pumped Hydro Storage Projects.
Coforge
The Board of Coforge will meet on March 4 to discuss a potential stock split.
Wipro
Wipro plans to invest $200 million into Wipro Ventures, its venture arm, in the latest round of funding to accelerate its focus on early- to mid-stage startups. This marks the fourth funding round since the venture’s inception in 2015.
Bharti Airtel
Bharti Airtel has confirmed it is in talks with the Tata Group to explore a potential merger of Tata Play with Bharti Telemedia. The transaction would combine Tata Group’s DTH business, Tata Play, with Bharti Telemedia, a subsidiary of Airtel.
Infosys
Infosys has launched an open-source Responsible AI toolkit aimed at addressing risks and ethical concerns. This forms part of the Infosys Topaz Responsible AI Suite, designed to help enterprises innovate responsibly while mitigating risks associated with AI adoption.
SpiceJet
SpiceJet has reported a profit after tax (PAT) of Rs 26 crore in Q3 FY25, reversing a loss of Rs 300 crore from the same period last year. The airline’s total revenue rose by 35% YoY to Rs 1,651 crore, driven by higher passenger demand and operational efficiencies.
KPI Green Energy
KPI Green Energy announced that its parent company, KP Group, has signed an MoU with the Government of Madhya Pradesh to develop 1.8 GW of renewable energy projects in the state.
Adani Green Energy
Adani Green Energy has received the letter of award (LOA) from Uttar Pradesh Power Corporation (UPPCL) for 1,250 MW of energy storage capacity from pumped hydro storage projects (PSP).
Tata Power
Tata Power has signed an MoU at Advantage Assam 2.0 to further its commitment to renewable energy development, with plans to invest Rs 30,000 crore in renewable projects of up to 5,000 MW in Assam.
UltraTech Cement
The board of UltraTech Cement has approved the implementation of a demerger scheme involving Kesoram Industries, effective March 1, 2025. Under the scheme, UltraTech will issue one equity share of Rs 10 each for every 52 equity shares of Rs 10 each held by Kesoram’s shareholders as of the record date.
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