Stocks to watch today, Feb 23: IDFC First Bank, UPL, HCL Tech, Railtel, Hindustan Copper, BHEL, NHPC, NCC, IHCL, Vedanta, NTPC, Tata Capital & more in focus

Stocks to watch today, Feb 23: A series of significant corporate developments across banking, infrastructure, energy, financial services, and retail sectors that happened last week are expected to keep the Dalal Street busy on Monday, February 23, as well as this week.

Shares of several companies, including IDFC First Bank, UPL, HCL Tech, SBI Life Insurance, Railtel, Hindustan Copper, BHEL, NHPC, NCC, IHCL, Vedanta, NTPC and Tata Capital, might remain in focus this week as these firms have announced major restructuring plans, regulatory actions, investments, partnerships, and legal updates.

Stocks to watch today, Feb 23: Stocks to remain in focus this week based on their corporate announcements

The IDFC First Bank has detected unauthorised and fraudulent activities by certain employees at a specific branch in Chandigarh, involving certain Haryana government-linked accounts. The amount under reconciliation stands at approximately Rs 590 crore. The bank is conducting internal reviews.

UPL Ltd has approved a corporate reorganisation to create UPL Global, the world’s second-largest listed pure-play crop protection platform, by consolidating its Indian and international crop protection businesses into a single entity.

Pharmathens Lanreotide facility, classified as OAI by the USFDA, indicates significant regulatory issues requiring corrective action.

Adani Ports and SEZ Share

APSEZ (via Adani Gangavaram Port), NMDC (India), and Vale (Brazil) have signed a memorandum of understanding (MoU) to develop an iron ore blending facility and SEZ at Gangavaram Port. With this, the Gangavaram Port’s capacity is expected to increase up to 75 MMT.

Devesh Sachdev, Mini Sachdev, and Devesh Sachdev Family Trust are to be reclassified from the “Promoter & Promoter Group” category to the “Public” category.

SBI Life Insurance has set the record date for its dividend payment on March 6, 2026.

Prestige Group has signeda definitive agreement with BMRCL to adopt the co-brand Bellandur Metro Station as “Prestige Bellandur Metro Station.” and will invest Rs 115 crore (excluding GST) for station upgradation, infrastructure enhancement, and long-term development.

The 30-year concession partnership, Prestige receives:

HEG Ltd promoter group ordered to disgorge Rs 33 lakh for violation of SEBI (Prohibition of Insider Trading) Regulations, 2015 for acquiring HEG Limited shares on December 30, 2025.

Baazar Style Retail Share

New store opening of Style Baazar at Morabadi in Jharkhand and at Boring Road, Patna in Bihar.

The ICIC Bank has received GST order of Rs 50 crore from Maharashtra’s GST department.

Banco Products Share Price

CRISIL published a rating action migrating the company’s cash credit facilities to “CRISIL BB+/Stable; Issuer Not Cooperating.”

Hence, the company appointed CARE Ratings Limited as the credit rating agency for its bank facilities. It has assigned a rating of “CARE AA, Stable / CARE Al+”

WeWork India Management Share

WeWork India Management has entered into a lease agreement for capacity addition in Bengaluru, admeasuring 1,69,485 square feet, with an investment of Rs 42cr. This will add around 3100 desks, tentatively on or before September 2026.

Cube Highways Trust Share

The board of Cube Highways Trust has approved converting the trust from a privately listed InvIT to a public InvIT following an offer for sale of units.

Central Bank Of India Share

Central Bank of India has signed a distributorship agreement with SBI Funds Management to distribute mutual fund products to its customers.

ESAB India saw SBI mutual fund selling 2.7 per cent holding in open market. The current shareholding stands at 6.5%.

Railtel and Ashoka Buildcon together received a Letter of Intent from the Inspector General of Registration for modernization of IGR and Controller of Stamps offices under the Maharashtra government. The five-year contract is expected to have a financial impact of around Rs 1,136.18 crore.

Syrma SGS Tech and its JV partner have mutually extended the long stop date to April 15, 2026 for completing conditions precedent related to the acquisition of a 49% stake in Ksolare Energy Private Limited.

Intellect Design Arena Share

Intellect Design Arena announced the launch of Tech Services TeamSpace, built on Purple Fabric, the world’s first Open Business Impact AI platform - designed for tech services companies with 50-500 employees, platform fees starting Rs 99,500 per month

Vikram Solar has entered into an agreement of Rs 2000 crore with Jupiter International Limited to procure high-efficiency TopCon Solar Cells and high-efficiency mono PERC Solar Cells aggregating to 2GW of ALMM-compliant crystalline solar cells.

The Revisionary Authority, Ministry of Mines, has stayed the demand notice issued by the Jharkhand mining department until the next hearing. The state government has directed not to take any coercive action that could disrupt mining operations.

IDBI Bank announced the transfer of ownership of the existing demat business of IDBI Bank Ltd to IDBI Capital Market Services Ltd.

The commercial court in Visakhapatnam has ordered attachment of Rs 55.84 crore from one of BHEL’s bank accounts following a petition by Indwell Construction. BHEL is taking legal steps to challenge the order.

The company has secured confirmed sales orders worth about Rs 215.88 crore for supplying around 12 million meters of denim fabric to established merchant exporters. The order to be fulfilled within 6 months (FYI: ~50% of FY25 sales).

The company challenged NHAI’s debarment order in the Delhi High Court, which, on February 20, 2026, granted interim protection, keeping the debarment order in abeyance until March 10, 2026.

NHPC approved a total investment of Rs 5,702.91 crore for the expansion of its hydropower capacity in Jammu & Kashmir.

Launched its first 7-screen multiplex in Hubballi, Karnataka, at Inorbit Mall, featuring the city's first PXL® auditorium and increasing its total network to 1,798 screens.

NLC India Ltd issued and allotted 6,000 commercial papers with a face value of Rs 5,00,000 each, aggregating to a total of Rs 300 crore on February 20, 2026.

SBI Life Insurance Company Limited secured significant relief in a GST dispute for FY 2018-19, with a tax appellate authority nearly halving the total demand from Rs 288.67 crore to Rs 159.45 crore.

Elgi Equipments Limited announced the incorporation of a new step-down wholly owned subsidiary, ELGI Equipments Arabia Company, in the Kingdom of Saudi Arabia to provide marketing services for air compressors.

eMudhra Ltd officially expanded its global footprint into Central Asia with the opening of a regional hub in Almaty, Kazakhstan, to address the region's rapid digital transformation.

Indian Hotels Company Limited (IHCL) received a credit rating upgrade from ICRA Limited, moving its long-term rating from [ICRA] AA+ (Stable) to the highest possible investment grade of [ICRA] AAA (Stable).

Quality Power Share Price

Quality Power Electrical Equipments Limited (QPOWER) announced that its material subsidiary, Mehru Electrical and Mechanical Engineers Private Limited, has secured a domestic order valued at approximately Rs 18 crore for the supply of instrument transformers.

Paras Defence and Space Technologies Limited announced the successful incorporation of its new subsidiary, Paras Avionics Private Limited, on February 20, 2026, to focus on advanced aerospace and defence systems.

Vedanta Ltd is set to consider Issuance of NCD aia Private Placement on February 25, 2026.

NTPC Green Energy Limited (NGEL) announced the commercial operation of a 158.4 MW part-capacity of a 250 MW Solar PV Project in Andhra Pradesh, effective February 14, 2026.

Premier Explosives Share Price

Premier Explosives Limited informed the stock exchanges of a major promoter shareholding restructuring, where a 41.33% stake has been transferred to the AKS Family Trust via a private settlement.

Wheels India Limited announced a credit rating upgrade from India Ratings and Research, with its long-term bank facilities and fixed deposits moved to IND A+/Stable following improved financial performance.

NTPC Limited and its subsidiary NTPC Green Energy Limited (NGEL) have declared the commercial operation of 158.4 MW capacity of a solar project in Andhra Pradesh as of February 14, 2026, increasing the NTPC Group's total installed capacity to 88,132 MW.

HCL Technologies officially finalised its 100% acquisition of Belgian Agentic AI startup Wobby BV for approximately €4.5 million (around Rs 40 crore).

Saregama India Limited announced the successful incorporation of its wholly owned subsidiary, Saregama Performing Arts and Music Festivals L.L.C S.O.C, in Dubai, UAE.

Highway Infrastructure Share

Highway Infrastructure Limited officially executed a contract agreement with the National Highways Authority of India (NHAI), for the operation and collection of user fees at the Moti Naroli Fee Plaza in Gujarat, valued at approximately Rs 154.60 crore.

Pine Labs announced that its wholly owned subsidiary, BrokenTusk Technologies Private Limited (branded as Setu), has successfully completed the 100% acquisition of Agya Technologies Private Limited.

Bharti Airtel, along with cloud security leader Zscaler have announced a strategic partnership to launch the AI & Cyber Threat Research Center – India, which is designed to protect India’s population-scale digital infrastructure from sophisticated, AI-driven cyber threats.

LT Foods Limited announced the successful incorporation of its new wholly owned subsidiary, LTF Global Investments L.L.C., in Dubai, UAE.

Tata Capital Limited announced that its newly launched private equity vehicle, Tata Capital Healthcare Fund III (TCHF III), and its Singapore-based General Partner entity have become subsidiaries of the company following the declaration of the fund's "first close"

Jet Freight Logistics Share

Jet Freight Logistics Limited held an Extra-Ordinary General Meeting (EGM) on February 20, 2026, where shareholders approved a special resolution to issue up to 4,04,57,750 convertible warrants on a preferential basis to promoters and non-promoter categories with 100% favour.

Jubilant FoodWorks Limited has successfully completed the sale of its entire 31.66% stake in its associate company, Hashtag Loyalty Private Limited, to one of its founders, Karan Chechani, on February 20, 2026.

UCO Bank was penalised Rs 38.60 lakh by the RBI for non-compliance with specific regulatory directions related to interest payments, locker rents, and credit reporting.

Lemon Tree Hotels Limited announced that its subsidiary, Hyacinth Hotels Private Limited, successfully resolved its long-standing property tax dispute with the Municipal Corporation of Delhi (MCD).

Dishman Carbogen Amcis Limited announced that its wholly-owned Dutch subsidiary, CARBOGEN AMCIS B.V., received a Certificate of GMP Compliance.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)