WATCH OUT FOR STOCKS IN NEWS

Watch out for the stocks in news which are likely to be on spotlight for 19-Feb-2025 : - Hexaware Technologies: The IT solutions provider shall make its Dalal Street debut on Wednesday after the company raised Rs 8,750 crore by selling its shares for Rs 708 apiece with a lot size of 21 equity shares between February 12-14. The issue was overall subscribed 2.66 times during the day. Tata Steel: Neath Port Talbot Council’s Planning Committee has approved Tata Steel UK’s proposals to deliver electric arc furnace steelmaking in Port Talbot. This is a 1.25 billion pound investment, supported by 500 million pounds of UK Government funding. The investment will preserve 5,000 Tata Steel UK jobs and reduce on-site CO2 emissions by 90 per cent. Larsen & Toubro: The leading engineering company has acquired the remaining 26 per cent stake in L&T Special Steels and Heavy Forgings from the Nuclear Power Corporation of India (NPCIL) and has also executed the Joint Venture Termination Agreement with NPCIL. After the acquisition, L&T Special Steels became a wholly owned subsidiary of the company. Aurobindo Pharma: The USFDA conducted a pre-approval inspection at Eugia Steriles, a 100 per cent subsidiary of Eugia Pharma Specialities and a step down subsidiary of the company, at Anakapalli, Andhra Pradesh, during February 10–18, 2025. The US FDA concluded the inspection with 5 observations, which are procedural in nature. Indian Overseas Bank: The lender's board has appointed Madhaw Chandra Jha as the Chief Financial Officer of the bank, effective March 1, 2025, as S P Mahesh Kumar, General Manager & Chief Financial Officer, is superannuating on February 28. Currently, Madhaw Chandra Jha is the Deputy General Manager of the bank.