Stocks To Watch Today, February 17: Reliance Industries, TCS, Lupin, Trent, Cochin Shipyard and others

Here are the top stocks to watch today based on the latest corporate developments.

Extends Flight Suspensions

InterGlobe Aviation, which operates airline IndiGo, has extended the suspension of flights to and from Tbilisi, Almaty, Baku and Tashkent until March 28.

TVS Supply Chain Solutions

Enters Aerospace and Defence

TVS Supply Chain Solutions announced its entry into the aerospace and defence logistics segment. The company will collaborate with Italy-based ALA Group, initially focusing on the domestic Indian market.

Expands EV Fleet

Delhivery revealed plans to deploy 150 high-performance electric vehicles over the next three months. The rollout will be done in partnership with RIDEV and will cover the Northeast region, Bengaluru, and Hyderabad.

Forms International FMCG JV

The FMCG arm of Reliance Industries, Reliance Consumer Products, has signed a definitive agreement to form a majority-owned joint venture with Nigerian conglomerate Tropical General Investments Group.

Targets Tier-3 & Tier-4 Growth

Trent, the retail arm of the Tata Group, is planning aggressive expansion into tier-3 and tier-4 cities. The company believes the macroeconomic environment in these regions will become increasingly attractive in the coming years, as reported by PTI.

Signs Canada Licensing Deal

Pharmaceutical major Lupin has signed a licensing and supply agreement with Spektus Pharma to commercialise a novel antidepressant, DeslaFlex, in Canada.

Announces Pune Plant Investment

SKF India (Industrial segment) will invest Rs 653 crore to establish a new manufacturing facility in Pune.

Secures Rs 154.6 Crore NHAI LoA

Highway Infrastructure has been awarded a Letter of Acceptance worth Rs 154.6 crore for managing operations at the Moti Naroli toll plaza in Gujarat. The contract has been granted by the National Highways Authority of India (NHAI).

Plans for Higher Foreign Borrowings

IIFL Finance plans to increase the share of External Commercial Borrowings (ECB) and foreign currency borrowings to 20 per cent of total liabilities by FY27, up from 13 per cent currently.

Reports Profit Dip

Patel Engineering reported a 12.2 per cent decline in consolidated net profit to Rs 71.5 crore for the quarter ended December 31, 2025. However, total income marginally increased to Rs 1,268.8 crore compared to Rs 1,265 crore in the corresponding period last year.

Wins Rs 219 Crore Mumbai Railway Contract

Texmaco Rail & Engineering has secured a Rs 219.18 crore order from Mumbai Railway Vikas Corporation. The contract involves designing, supplying, installing, testing, and commissioning signalling systems for a proposed suburban railway line under the MUTP-IIIA project in Mumbai.

Receives USFDA Observations

Alkem Laboratories received a Form 483 with six observations from the US health regulator following an inspection of its Chakan-based manufacturing facility.

Expands AI Partnership with AMD

Tata Consultancy Services (TCS) is expanding its partnership with US-based chipmaker Advanced Micro Devices (AMD).

Bags Rs 5,000 Crore Navy Vessel Project

Cochin Shipyard has emerged as the lowest bidder (L1) in a Ministry of Defence tender for building five Next Generation Survey Vessels (NGSVs) for the Indian Navy. The contract is valued at approximately Rs 5,000 crore, marking a significant defence order win for the company.

Market Snapshot: Sensex and Nifty Rebound

After three consecutive sessions of decline, Indian markets bounced back strongly on February 16:

• BSE Sensex: +650.39 points (0.79 per cent) to 83,277.15
• NSE Nifty 50: +211.65 points (0.83 per cent) to 25,682.75

The recovery was supported by broad-based buying across sectors, with investors closely monitoring corporate announcements and global developments.

Conclusion

From aviation disruptions and global joint ventures to AI partnerships and manufacturing investments, today’s developments offer multiple triggers across sectors. Stocks like IndiGo, Reliance Industries, TCS, Lupin, and Trent could remain in focus in the coming trading sessions as investors assess growth prospects, regulatory updates, and strategic expansions.