Tata Consumer Products, Pfizer, NTPC: Top Stocks for Investors on February 24

The stock market on Tuesday remained volatile and closed in the green breaking the five day losing streak. The market on Wednesday is expected to give a positive start as the SGX Nifty was trading 62.20 points or 0.42 per cent higher at 14,837.20 at 8:05 am. The BSE Sensex had ended flat witnessing a gain of 7.09 points or 0.014 per cent to close at 49,751.41 whereas the NSE Nifty was up by 32.10 points or 0.22 per cent to settle the day at 14,707.80.

Top stocks to look for the day are:

Tata Consumer Products: According to a press release issued by the National Stock Exchange (NSE), Tata Consumer Products will replace GAIL India in Nifty50 Index with effect from March 31, 2021.

Pfizer: Pfizer’s COVID-19 vaccine has received full approval from Brazil’s health regulatory agency.

NTPC: The company said that it has signed a share purchase agreement to buy GAIL’s 25.51 per cent shareholding in Ratnagiri Gas and Power Pvt Ltd (RGPPL) to exit from Konkan LNG.

Coal India: Board members of the company will meet on March 5, 2021, to consider the second interim dividend.

Aurobindo Pharma: To avail the benefit of captive consumption of solar power, the company has entered into binding agreements to invest Rs 5.38 crore each in NVNR (Ramannapet I) Power Plant and NVNR (Ramannapet II) Power Plant, Hyderabad. The company will hold 26 per cent of the equity share capital of each of the solar power generating companies after subscription.

Sanofi India: A final dividend of Rs 125 per share and a special dividend of Rs 240 per share has been approved by the company.

SPARC: A new phase-3 study on cancer drug Taclantis has been sought by the US Food and Drug Administration.

Mazagon Dock: The company in Maritime India Summit 2021 signed an MoU with Mumbai Port Trust.

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