Categories: Business

Stocks To Watch Today: Hindalco, NBCC, Axis Bank, Vishal Mega Mart, Tata Steel, BPCL & More in Focus

Indian stock markets are likely to open cautiously on February 27, 2026, amid weak global cues, Nvidia-led tech losses

Published by Nisha Srivastava

Stocks to Watch today, February 27, 2026:  Indian stock markets are expected to begin Thursday’s session on a careful note. The weak global trend and mixed signals from the US markets may affect early trade. As of 7:41 AM, GIFT Nifty futures were down by 87 points at 25,549. This indicates a soft start for domestic equities.

Global Cues: Wall Street Ends Mixed After Nvidia Earnings

Overnight, US markets closed on a mixed note. Earnings results from AI major Nvidia failed to match high investor expectations. As a result, technology stocks, which have recently led the rally, came under pressure.

At closing:

  • Dow Jones Industrial Average ended nearly flat with a slight positive tone.

  • S&P 500 fell 0.54 per cent.

  • Nasdaq Composite declined 1.18 per cent.

The drop in tech shares may influence Indian IT and technology stocks in early trade.

Stocks in Focus: Key Corporate Developments

Several companies announced important updates after Thursday’s market hours. Here are the major stocks to watch:

Vishal Mega Mart

The promoter of Vishal Mega Mart plans to sell shares worth Rs 3,508 crore through a block deal on Friday. According to reports, around 30.5 crore shares, which equal 6.5% of total equity, may be sold.

The floor price has been fixed at Rs 115 per share. This price is nearly 10% lower than the current market rate. The remaining promoter stake will have a 150-day lock-in period.

Axis Bank

Axis Bank has approached the Reserve Bank of India (RBI) for approval to retain a higher equity stake in its subsidiary, Axis Finance. The bank is proposing only a small reduction in its holding.

Tata Steel

Tata Steel has purchased 262 crore shares in its subsidiary, T Steel Holdings. The total investment stands at Rs 2,402 crore.

NBCC

NBCC has secured a Rs 775 crore redevelopment order from the Delhi Development Authority (DDA) for staff quarters.

Netweb Technologies

The company has partnered with Vertiv to design advanced liquid-cooled rack solutions for AI-based data centres in India.

Jio Financial Services

Jio Financial has invested Rs 2,000 crore in its subsidiary, Jio Credit Ltd, by subscribing to 3.4 crore shares. The funds will support expansion and daily operations.

Hindalco Industries

Hindalco’s acquisition of AluChem Companies Inc. through Aditya Holdings LLC has been temporarily delayed. The review process by CFIUS in the US has paused due to a partial federal government shutdown, affecting official timelines.

JSW Energy

The company received approval from NSE and BSE to trade 95.2 lakh shares allotted to promoter group entity JTPM Metal Traders.

Aadhar Housing Finance

Blackstone’s arm BCP Asia II Holdco VI has become the new promoter after acquiring a large stake at Rs 425 per share.

Brigade Enterprises

Brigade Enterprises has joined hands with Primus Senior Living to develop three senior living projects in South India. The projects are expected to generate a gross development value (GDV) of Rs 750 crore.

UGRO Capital

UGRO Capital has received a ‘No Objection’ certificate from the RBI for merging its subsidiary, Profectus Capital, with itself.

Bharat Petroleum Corporation Limited (BPCL)

BPCL has set up a wholly owned subsidiary in Singapore named Bharat Petroleum Global Energy Services. The new unit will manage crude oil and natural gas trading operations.

Market Outlook

Overall, global weakness and cautious investor sentiment may keep Indian markets under pressure in early trade. However, stock-specific action is expected due to several corporate developments and the new IPO listing. Investors will closely track global cues and institutional activity throughout the session.

Nisha Srivastava