Cochin Shipyard, Lupin, JSW Infra Among Stocks In Focus On February 17

Indian stock markets ended February 16 with gains, as the BSE Sensex rose 650 points, or 0.79%, to close at 83,277.15, while the Nifty 50 advanced 212 points, or 0.83%, to settle at 25,682.75, according to exchange data. On February 17, multiple stocks are in focus following corporate announcements and regulatory filings.

Cochin Shipyard Emerges as L1 Bidder

Cochin Shipyard has emerged as the lowest bidder for a ₹5,000 crore contract to build five Next Generation Survey Vessels for the Indian Navy. The tender was issued by the Ministry of Defence, and the company was declared the L1 bidder, according to its exchange filing.

Lupin Signs Licensing Agreement

Lupin announced that it has entered into a licensing and supply agreement with Spektus Pharma to commercialise the antidepressant DeslaFlex in Canada, as per its regulatory disclosure.

JSW Infrastructure Board Meeting

JSW Infrastructure informed exchanges that its board will meet on February 20 to consider raising funds through equity shares. The proposal may include a qualified institutional placement, rights issue, or other permitted methods, either separately or in combination.

Reliance Consumer Products JV

Reliance Industries said its FMCG arm, Reliance Consumer Products, has signed a definitive agreement to form a majority-owned joint venture with TGI Group, a Nigeria-based conglomerate, according to its filing.

Other Corporate Announcements

Texmaco Rail & Engineering secured a ₹219.18 crore contract from Mumbai Railway Vikas Corporation for signalling work under the Mumbai Urban Transport Project (MUTP-IIIA).

Highway Infrastructure received a Letter of Acceptance worth ₹154.6 crore from the National Highways Authority of India for operations at the Moti Naroli fee plaza in Gujarat.

Aye Finance saw Goldman Sachs India Equity Portfolio purchase 16.80 lakh shares, representing a 0.68% stake, at ₹128.11 per share, amounting to ₹21.5 crore, according to bulk deal data.

Embassy Developments obtained approval from the Maharashtra Real Estate Regulatory Authority for Phase I of Embassy Serenity in Alibaug.

TVS Supply Chain Solutions signed a Memorandum of Understanding with Italy-based ALA Group to explore opportunities in India’s aerospace and defence supply chain sector.

These company-specific developments are likely to influence trading activity in the respective stocks during the February 17 session, based on exchange disclosures.