Stocks to watch: Coal India, Tata Consumer, GAIL (India), NTPC, Sanofi India, Mazagon Dock, SBI Cards

Here is the list of top stocks that could be in focus on February 24.

Coal India: Coal India informed that a meeting of board of directors of the company will be held on 5 March 2021, to consider and approve payment of 2nd interim dividend for 2020-21, if any.

Gail, Tata Consumer: Tata Consumer Products will replace GAIL (India) in the Nifty50 Index from 31 March 2021.

NTPC: NTPC has executed Share Purchase Agreements with GAIL (India) on 23rd February, 2021, for purchase of GAIL’s share (25.51%) in Ratnagiri Gas and Power (RGPPL) and sale of NTPC’s share (14.82%) (on fully dilutive basis) in Konkan LNG (KLL). After transfer of shares as per the Share Purchase Agreements, NTPC will exit from KLL and NTPC’s shareholding in RGPPL will become 86.49 %.

Sanofi India: Sanofi India’s board of directors approved a final dividend of Rs 125 per share and a special dividend of Rs 240 per share for the year ended 31 December 2020.

Mazagon Dock: Mazagon Dock Shipbuilders has executed a Memorandum of Understanding with Mumbai Port Trust to further the economic growth of the region and the country under the Maritime India Summit 2021.

SBI Cards: The company said the company has approved the allotment of 5,500 Fixed Rate, Unsecured, Rated, Taxable, Redeemable, Senior. Non-Convertible Debentures (NCDs) of the face value of Rs. 1.000,000 each, at par, under Series 23 aggregating to Rs. 550 crores on private placement basis.

United Spirits: United Spirits is initiating a strategic review of selected Popular brands, continuing the strategy towards long-term profitable growth through premiumising the company’s portfolio. The strategic review is expected to be completed by the end of the 2021 calendar year.

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