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CNBC-TV18's top stocks to watch out for on February 25

Updated : 2020-02-25 07:37:58

After heavy selloffs in the previous session, Indian shares are likely to get respite on Tuesday, with the SGX Nifty futures trading 0.6 percent higher. However, losses in global markets may weigh on market sentiment. Among the stocks in news today, HUL plans to set up a new subsidiary, which would be primarily engaged in manufacturing activities. Tech Mahindra has agreed to buy US-based Zen3 Infosolutions for Rs 460 crore. Here are the top stocks to watch out for today

FMCG major HUL announced its plans to set up a new subsidiary, which would be primarily engaged in manufacturing activities.
FMCG major HUL announced its plans to set up a new subsidiary, which would be primarily engaged in manufacturing activities. "This new subsidiary has been formed to leverage the growth opportunities in a fast-changing business environment and will help HUL in becoming more agile and customer-focused," said HUL in the statement.
TVS Motor Company: The two and three-wheeler maker said that the Coronavirus outbreak has led to impact on supply of certain components for production of BS-VI vehicles. While TVS Motor’s direct dependency on China is limited for components, some Tier II suppliers have been impacted adversely which will lead to 10 percent drop in the planned production in February 2020. All efforts are on to normalize this at the earliest, it added. (Stock Image)
TVS Motor Company: The two and three-wheeler maker said that the Coronavirus outbreak has led to impact on supply of certain components for production of BS-VI vehicles. While TVS Motor’s direct dependency on China is limited for components, some Tier II suppliers have been impacted adversely which will lead to 10 percent drop in the planned production in February 2020. All efforts are on to normalize this at the earliest, it added. (Stock Image)
Tech Mahindra: The IT major will acquire 100 percent stake in US-based Zen3 Infosolutions for $64 million through its subsidiary, Tech Mahindra (Americas), Inc. The company said that $42 million will be paid at closing and another $22 million will be paid over 3 years linked to financial performance.
Tech Mahindra: The IT major will acquire 100 percent stake in US-based Zen3 Infosolutions for $64 million through its subsidiary, Tech Mahindra (Americas), Inc. The company said that $42 million will be paid at closing and another $22 million will be paid over 3 years linked to financial performance.
HDFC Bank: Aditya Puri, Managing Director of HDFC Bank sold 12.52 lakh shares of bank from February 11-12.
HDFC Bank: Aditya Puri, Managing Director of HDFC Bank sold 12.52 lakh shares of bank from February 11-12.
RBL Bank: RBI approved re-appointment of Rajeev Ahuja as Executive Director of the bank for 3 years.
RBL Bank: RBI approved re-appointment of Rajeev Ahuja as Executive Director of the bank for 3 years.
NTPC: Company gets Competition Commission of India’s nod to acquire 74.50 percent of issued and paid-up share capital of THDC India.
NTPC: Company gets Competition Commission of India’s nod to acquire 74.50 percent of issued and paid-up share capital of THDC India.
GTPL Hathway: Company acquired balance 4.82 percent equity shares of subsidiary GTPL Vidarbha Tele Link Private Limited.
GTPL Hathway: Company acquired balance 4.82 percent equity shares of subsidiary GTPL Vidarbha Tele Link Private Limited.
Auto components maker Lumax Auto Technologies on Monday announced acquisition of OK Play Group's roto molded plastic business at an estimated enterprise value of around Rs 150 crore. The initial purchase consideration will be based on an enterprise value that will be Ebitda multiple of 5.67 times, to be applied on 3 years average Ebitda of 2017-18, 2018-19 and 2019-20 of the auto component business of OK Play, it said.
Auto components maker Lumax Auto Technologies on Monday announced acquisition of OK Play Group's roto molded plastic business at an estimated enterprise value of around Rs 150 crore. The initial purchase consideration will be based on an enterprise value that will be Ebitda multiple of 5.67 times, to be applied on 3 years average Ebitda of 2017-18, 2018-19 and 2019-20 of the auto component business of OK Play, it said.
JSW Steel said it has been declared as a preferred bidder for Jajang iron ore block in Odisha. The Sajjan Jindal-led firm has bagged the iron ore mine in the auction of blocks in Odisha. The block holds estimated reserves of 39 million tonne.
JSW Steel said it has been declared as a preferred bidder for Jajang iron ore block in Odisha. The Sajjan Jindal-led firm has bagged the iron ore mine in the auction of blocks in Odisha. The block holds estimated reserves of 39 million tonne.
Ajanta Pharma: Promoter released pledge on 1 lakh shares (0.11 percent equity) on February 20.
Ajanta Pharma: Promoter released pledge on 1 lakh shares (0.11 percent equity) on February 20.
Tourism Finance Corporation: IFCI sells entire stake in company from January 1-February 17.
Tourism Finance Corporation: IFCI sells entire stake in company from January 1-February 17.
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