Stocks To Watch Today, February 26: Indian equity markets are expected to remain range-bound but active, with stock-specific movements driven by fresh corporate announcements. Several companies from sectors such as pharmaceuticals, energy, banking, infrastructure, hospitality, railways, and automobiles are set to stay in focus following regulatory actions, stake deals, ratings updates, order wins, and expansion plans.
Major companies likely to attract investor attention include Lupin Ltd, Reliance Industries, Vedanta Ltd, NTPC Limited, Maruti Suzuki India Limited, Indian Railway Finance Corporation, Punjab National Bank, Bank of Baroda, Indian Hotels Company Limited, and Vikram Solar.
Below are the key developments announced after Wednesday’s market hours.
Lupin Ltd Faces GST Action, Gets US Drug Approval
The Maharashtra GST Department carried out an inspection and search operation at Lupin’s registered office in Mumbai. Separately, the pharmaceutical company received approval from the US health regulator to launch a generic drug used to treat seizures, offering some positive news alongside the regulatory development.
Reliance Industries Allots Shares to Group Arm and Meta Subsidiary
Reliance Enterprise Intelligence (REIL), a step-down wholly owned subsidiary of Reliance Industries, has allotted 59.66 crore equity shares worth ₹596.6 crore to Reliance Intelligence, another group entity.
In addition, 25.65 crore equity shares worth ₹256.6 crore have been allotted to Facebook Overseas Inc, a wholly owned subsidiary of Meta Platforms, Inc.
Vedanta Subsidiary Gets Credit Rating Upgrade
Vedanta announced that its subsidiary Meenakshi Energy Ltd (MEL) has received a long-term rating of AA- and a short-term rating of A1+ from CRISIL Ratings for its proposed bank borrowings, reflecting improved credit strength.
IRFC OFS Sees Weak Institutional Interest
The government’s offer for sale (OFS) of a 2% stake in Indian Railway Finance Corporation saw weak demand from institutional investors, with the issue failing to achieve full subscription.
NTPC Completes Thermal Power Asset Acquisition
NTPC, along with MAHAGENCO as part of a consortium, has successfully completed the acquisition of Sinnar Thermal Power through insolvency proceedings. The acquisition was finalised on February 24.
PNB and Bank of Baroda Retain Investment-Grade Ratings
Fitch Ratings has reaffirmed the ‘BBB-’ rating with a stable outlook for both Punjab National Bank and Bank of Baroda, providing reassurance on their credit profiles.
Indian Hotels Company Expands Presence in Maharashtra
Indian Hotels Company Limited announced the launch of a 26-key Tree of Life AeroVillage resort in Panheli, Maharashtra, marking another addition to its boutique hospitality portfolio.
Maruti Suzuki Gets Global Carbon Recognition
Maruti Suzuki stated that its in-plant railway siding facility in Gujarat has been recognised as the world’s first modal shift transportation project under Verra’s Verified Carbon Standard initiative, highlighting its sustainability efforts.
More Stocks to Watch: Key Corporate Updates
- IRFC signed a $400 million loan agreement with a consortium of SMBC and MUFG. The government also confirmed it will not exercise the oversubscription option for the OFS.
- Adani Green Energy incorporated a new subsidiary named Adani Renewable Energy Middle East.
- SBI Life Insurance approved an interim dividend of ₹2.7 per share for FY26, with March 6 set as the record date.
- Zydus Lifesciences plans to launch Semaglutide injections in India after patent expiry using an exclusive, affordable, reusable adjustable single-pen device.
- RBL Bank received RBI approval allowing SBI Mutual Fund to increase its stake up to 9.99% within one year.
- Shaily Engineering Plastics secured a ₹423 crore order from a domestic pharmaceutical company to supply pen injectors.
- Premier Energies clarified that recent tariff-related developments are industry-wide and said it is not involved in undisclosed talks with US authorities.
- Waaree Energies stated that the 126% duty on solar imports to the US is subject to regulatory proceedings and that its US manufacturing capacity will support existing commitments.
- Lupin separately confirmed that the Maharashtra GST Department has initiated a search operation at its office.
