These stocks are likely to be in focus on February 15

These stocks are likely to be in focus on February 15

by 5paisa Research Team Last Updated: 2022-02-14T17:33:33+05:30

On Monday, the benchmark indices ended in red for the second consecutive session amid a global sell-off due to geopolitical tension between Russia and the West over Ukraine.

At close, the Sensex was down 1,747.08 points or 3.00% at 56,405.84, and the Nifty was down 532 points or 3.06% at 16,842.80.

These stocks are likely to be in focus for Tuesday's trading session -

ABB India - The company announced that it has successfully completed the installation and remote commissioning of the new Slice xP (II) Profiler system, a new actuator for slice lip weight control, at ITC Limited’s Tribeni mill in West Bengal, India. The project, managed by the specialist Quality Control Systems (QCS) team at ABB India, included the replacement of ABB’s existing cross-direction (CD) weight control system (Slice Profiler) with the latest Slice xP (II) Profiler under product phase-out notification. Despite the news, the share has plunged 4.38% on Monday.

TCS - The shares of TCS gained up to 2% in an otherwise falling market after the company fixed February 23, 2022, as the record date to determine the entitlement and the names of the equity shareholders who shall be eligible to participate in the Buyback. The share closed flat 0.93% up in Monday's trading session.

Reliance Industries - Reliance Jio has announced it's stepping into satellite-based broadband communication with a tie-up with Luxembourg-based firm SES. The partnership will enable Jio to offer next-generation affordable and scalable broadband services in India taking advantage of satellite technology. The two companies will form a joint venture with Jio Platforms Ltd and SES owning 51% and 49% stake, respectively. The share of Reliance Industries traded in red throughout Monday's trading session and ended 1.87 per cent lower.

52-week high stocks - The shares of ONGC and RHI Magnesita have made fresh 52-week high amid the bearish trading session on Monday. Watch out for these stocks on Tuesday.

 

Also read: Closing Bell: Global cues spook Indian markets, Sensex tanks by 1747 points


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