Overnight Digest: Stocks to look out on February 21

The stocks that are likely to witness significant movement on the bourses on February 21 are Cyient, NHPC, Jindal Worldwide, TRF and Shakti Pumps. 

Cyient:  Cyient and BlueBird Aero Systems’ joint venture (JV), Cyient Solutions & Systems, has launched its latest offering, the WanderB vertical take-off and landing (VTOL) unmanned aerial system. This could impact the stock movement tomorrow. 

NHPC: The company has signed a Memorandum of Understanding (MoU) with Neyveli Lignite Corporation of India (NLCIL) in the area of power. The stock of the company will be watched. 

Jindal Worldwide: The company has acquired additional 39.56 per cent stake in its subsidiary company, Balaji Weft. The company has acquired 55,11,392 equity shares of Rs 10 each at par aggregating to Rs 5.55 crore. The stock will be in focus on Thursday. 

TRF: The company has received approval for issuance of Non-Convertible Redeemable Preference Shares (NCRPS) to Tata Steel, on a private placement basis for aggregating up to Rs 250 crore. The stock will be watched tomorrow. 

Shakti Pumps: The company has received approval from the Cabinet Committee on Economic Affairs (CCEA) for the launch of Kisan Urja Suraksha and Uttham Mahabhiyan (KUSUM) with a total central financial assistance of Rs 34,422 crore up to year 2022. The shares of the company will be in the limelight on Thursday.