Stocks to Watch Today: February 25 Hindalco, Shriram Finance, Akzo Nobel India, IREDA, Biocon, NTPC Green Energy, PSU banks, and more

Market Overview

The domestic stock market is expected to open with a declining trend on 25th February 2025. Asian stock markets displayed negative performance during the morning hours because traders feared restrictions placed on Chinese investments within the areas of chips, AI and aerospace by US President Donald Trump. 

Stocks in Focus

Business operations at multiple organizations will be under spotlight because of their recent news updates.

• Akzo Nobel India: The board of Akzo Nobel India authorized AkzoNobel N.V.'s binding proposal to sell its powder coatings business at ₹207.3 crore and International Research Centre (R&D) at ₹7 crore. AkzoNobel N.V. acquired intellectual property rights for decorative paints across India and its neighboring countries of Bangladesh, Nepal, and Bhutan for an amount of ₹1,152 crore as part of this deal. The transactions will help Akzo Nobel India dedicate its resources to liquid paints and coatings operations which will make it fully independent for its essential decorative paints segment. Shareholders of AkzoNobel N.V along with the supervisory board must approve these pending transactions.
• IREDA: State-owned IREDA has gained shareholder authorization to obtain up to ₹5,000 crore from qualified institutional buyers through equity share issuance.
• Biocon: YESINTEK from Biocon Biologics, a subsidiary of Biocon, functions as a biosimilar treatment to manage autoimmune conditions such as Crohn’s disease, ulcerative colitis, plaque psoriasis and psoriatic arthritis and it has obtained US market entry for this product.
• NTPC Green Energy: NTPC Green Energy (NGEL) formed an agreement with Madhya Pradesh Power Generating Company (MPPGCL) to create clean energy facilities reaching 20 GW capacity across Madhya Pradesh. Under a joint venture agreement MPPGCL and NGEL will produce renewable power that fulfills MPPGCL's renewable power duty together with the state distribution companies' renewable purchase requirements. The investments of NTPC and NTPC Green Energy will exceed ₹2 lakh crore to develop projects in Madhya Pradesh.
• ONGC: ONGC has put in place ₹1,200 crore to its wholly-owned subsidiary ONGC Green through a rights issue approval. These funds will enable the subsidiary to obtain complete ownership of PTC Energy through equity purchase.
• Tata Communications: Tata Communications carried out a commercial paper program to fetch ₹465 crore. The commercial papers received their issuance at National Stock Exchange of India Limited on February 21 and will become redeemable on May 23, 2025.
• Torrent Power: The renewable energy power generation unit Torrent Green Energy (TGEPL) operates under Torrent Power with its subsidiary Torrent Urja 32 Pvt Ltd (TU32) established to produce electricity through renewable resources. The private limited company TU32 received its registration date on February 12, 2025 with a total authorized and paid-up capital amounting to ₹5 lakh.
• PSU Banks: Public Sector Banks as well as financial institutions receive focus from investors because DIPAM has launched an invitation to select merchant bankers and legal firms to manage government stake divestments in these entities. The appointed merchant bankers along with legal advisors will maintain authority to provide services for three years before an optional extension period of one year.

Stocks with Short-Term Trigger as per Analysts

• Shriram Finance: Shriram Finance triggered a positive breakout by breaking through an essential descending trendline which confirms its bullish momentum will persist. As the stock maintains its position above 50 RSI it has restored its 21-day and 200-day EMA. The resistance range for this stock exists between ₹625 to ₹630.
• Hindalco Industries: Hindalco Industries continues to experience strong price recovery from its recent market downturns thanks to favorable technical market signals. The stock now exists above its 200-day EMA after recovering its 21-day EMA which indicates positive long-term market trends. A price rise to ₹703 and then ₹710 is possible for this stock.
• Global Health: The healthcare services provider Global Health (Medanta) demonstrates powerful upward potential after breaking through its consolidation period. The stock has the potential to rise up to ₹1,305 and ₹1,310.
• Gujarat Fluorochemicals: The price of Gujarat Fluorochemicals shows an inverted head and shoulder pattern while consolidating near support which may lead to a bullish breakout toward ₹4,100-4,150. The pattern breakout presents an opportunity for the stock price to advance to the range of ₹4,100-4,150.
• Triveni Engineering & Industries: The recent price movement of Triveni Engineering & Industries created a double-bottom pattern which indicates the company may reverse its downward trend as it consolidates near lower levels following its sharp price drop. This consolidation zone could activate a price increase that would reach ₹420-435.
• CG Power and Industrial Solutions: CG Power and Industrial Solutions creates a strong bullish candle after its steep decline which indicates a possible market recovery. The price will likely surge towards ₹665-680 if it sustains a rise above its current positions.

Additional News

• Dabur India: The Indian company Dabur India plans to allocate ₹550 crore to Madhya Pradesh investments during the next two years.
• Tata Sons: The board of Tata Capital will meet to decide the timing and amount of Tata Sons' rights issue according to the approval Tata Sons granted to Tata Capital. Tata Sons controls 93% of Tata Capital thus they have decided to completely buy their portion from the rights issue.

Disclaimer: This is not a recommendation to buy or sell a stock. 

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