These stocks are likely to be in focus on February 25

These stocks are likely to be in focus on February 25

by 5paisa Research Team Last Updated: 2022-02-24T17:20:02+05:30

At market close on Thursday, the headline indices fell by almost 5% as Russia officially declared war against Ukraine and has already managed to destroy Ukraine’s airbase. The Sensex closed at 54,529.91 down by 2702.15 points or 4.72 % and the Nifty was at 16,247.95 down by 815.30 points or 4.78%.   

 On the BSE, 231 shares have advanced, 3161 shares have declined, and 86 shares are unchanged. The number of stocks hitting the upper circuit were 10 and those touching the lower circuit were 6. Whereas 72 scrips hit their 52-week high vis-à-vis 279 scrips stooped to their 52-week low prices.   

With the bloodbath that eroded the investors’ money all over the world, there were no gainers on the bourses today. 

The top losers on both the Sensex and the Nifty were IndusInd Bank, Mahindra and Mahindra, Bajaj Finance, Axis Bank, Tech Mahindra, Tata Motors, UPL, Adani Ports, and JSW Steel. 

These stocks are likely to be in focus for Friday's trading session:

Tata Consultancy Services Limited: Tata Consultancy Services has launched its Cyber Defense Suite, a comprehensive set of modular, quickly adaptable cyber security services offered on a platform to give leaders confidence and agility to grow their digital enterprises. 

The rapid acceleration of cloud-enabled business models and increased cyber-attacks over the last two years have underscored the need for enterprise security solutions that can keep pace. TCS’ Cyber Defense Suite provides 360-degree visibility and predictive intelligence to proactively defend and respond against evolving risks, all from a single platform with a unified view. The scrip of Reliance was down by 4.57% at Rs 3402.25 at the market close on the BSE.

Adani Enterprises Limited: The company signed a non-binding Memorandum of Understanding (“MoU”) with Ballard Power Systems to evaluate a joint investment case for the commercialization of hydrogen fuel cells in various mobility and industrial applications in India. Under the MoU, both parties will examine various options to cooperate, including potential collaboration for fuel cell manufacturing in India. Efforts under this MoU will be anchored by Adani New Industries Limited (ANIL), the newly formed subsidiary of Adani Enterprises focused on the generation of green hydrogen, including downstream products, green electricity generation, manufacture of electrolyzers and wind turbines, among others. The shares of the company were down by 8.33% at Rs 1547.05, at market close on the BSE.

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