CNBC-TV18's top stocks to watch out for on February 18

SUMMARY

The Indian market is likely to open higher on Thursday following gains in Asian peers amid mixed global cues. At 7:15 am, the SGX Nifty was trading 65.00 points or 0.43 percent higher at 15,261.00, indicating a positive start for the Sensex and Nifty50.

By CNBC-TV18Feb 18, 2021 7:33:12 AM IST (Published)

Bharti Airtel | The company will acquire a 20 percent stake in Bharti Telemedia from Lion Meadow Investment Ltd, a Warburg Pincus entity.

GAIL India | The company’s share buyback will open on February 25 and close on March 10.

IndiaMART Intermesh | The company has launched QIP to raise around Rs 1,100 crore at an issue price of Rs 8,615 per equity share.

Dish TV India | The company has approved raising funds of up to Rs 1,000 crore.

Alembic Pharmaceuticals | US FDA has issued Form 483 with 5 observations to the company’s injectable facility at Karakhadi. US FDA had inspected the facility from January 28 to February 6.

NALCO | The company will open its share buyback worth Rs 749.1 crore on February 25 and close on March 10.

Magma Fincorp | Rating agency ICRA has placed the rating of the company’s Long Term Fund based term loans (ICRA AA-) on watch with developing implication.

Jubilant FoodWorks | The company has appointed Ashish Goenka as CFO.

Phillips Carbon Black | The company has commissioned two specialty black lines at Palej in Gujarat.

Rashtriya Chemicals and Fertilizers | The company paid a dividend of Rs 117.51 crore to the government for FY2019-20 and an interim dividend of Rs 49.65 crore for the current financial year. The total dividend paid amounts to Rs 167.16 crore.

Earnings Today | Ambuja Cements, Enkei Wheels, RCL Retail, Rollatainers and Twinstar Industries will announce their quarterly earnings on February 18.