Indian equity indices have started steady on February 20, although a few stocks responded to quarterly profits, large-deal and new project announcements. The market actors monitored the company news in the areas of capital products, pharmaceuticals, railroad, and renewable energy.

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ABB India And CIE Automotive Report Quarterly Earnings

ABB India also announced that consolidated profit reduced by 18.1% year on year to ₹433 crores in Q4CY25, as against ₹528.4 crores in the quarter on quarter the previous year. Exchange filings showed that revenue increased by 5.7% to ₹3,557 crore against ₹3,364.9 crore.

CIE Automotive India recorded a consolidated profit of 10.4% at ₹204.3 crore during the quarter, as against ₹185 crore in the same period last year. According to regulatory disclosure, revenue increased by 13.4% to 2,393 crore compared to ₹2,110 crore.

Novartis India Promoter To Divest Majority Stake

Promoter Novartis AG has entered into an agreement to sell its 70.68% stake in Novartis India to WaveRise Investments, ChrysCapital Fund X, and Two Infinity Partners. The transaction involves the sale of ₹1.74 crore shares held by Novartis AG. The development is subject to regulatory approvals and other customary conditions.

RailTel And Pace Digitek Secure Railway-Related Contracts

Pace Digitek received an advance Letter of Award worth ₹89 crore from RailTel Corporation of India for the supply, installation, and commissioning of an IP-based video surveillance system in LHB coaches. The contract includes a three-year warranty and a five-year comprehensive annual maintenance contract on a back-to-back basis.

Separately, RailTel Corporation of India received a Letter of Acceptance worth ₹35.54 crore for a railway signalling project, to be executed within 24 months from the date of award, according to company disclosures.

Texmaco Rail, GHV Infra Projects Announce New Developments

Texmaco Rail & Engineering signed a Joint Venture Shareholders’ Agreement with Rail Vikas Nigam to develop rolling stock and expand rail EPC capabilities, as per exchange filings.

GHV Infra Projects received a Letter of Award valued at approximately ₹123 crore from Enmas EPC Power Projects (JV) for the supply, installation, testing, and commissioning of 28.83 MWp grid-connected rooftop solar plants for 14,416 SC and ST consumers. The project is to be completed within 120 days.

Zydus Lifesciences Inspection Update: Bulk Deals In Esab India

Zydus Lifesciences said the U.S. Food and Drug Administration conducted a Pre-Approval Inspection at its Unit 9 facility in Ahmedabad from February 16–19 and closed the inspection with nil observations.

In bulk deals, Nippon India Mutual Fund acquired 4.11 lakh shares, or 2.67%, in Esab India for ₹226.1 crore at ₹5,500 per share. SBI Mutual Fund offloaded an equivalent number of shares at the same price, exchange data showed.

Corporate earnings, promoter stake sales, and fresh order inflows kept several stocks in focus in early trade on February 20.