Stocks to Watch Today: Waaree Energies, Bharti Airtel, Lupin, BPCL, IDFC First Bank in Focus Amid Weak Market Outlook
Mumbai: Domestic equity markets are expected to open lower on Tuesday, February 24, with GIFT Nifty futures indicating a decline of around 115 points for the benchmark indices. Several stocks, including Waaree Energies, Bharti Airtel, Lupin, Bharat Petroleum Corporation Limited and IDFC First Bank, are expected to remain in focus due to key developments and announcements.
Mobikwik Gets BSE Approval for Broking Operations
One MobiKwik Systems announced that its wholly owned subsidiary, Mobikwik Securities Broking Private Limited, has received approval from the Bombay Stock Exchange to commence stockbroking operations from February 24, 2026. The approval follows its earlier registration with the Securities and Exchange Board of India, allowing the company to offer equity trading and settlement services.
Waaree Energies Secures Major Solar Module Order
Waaree Energies received an order to supply 500 MW of solar modules for delivery in FY 2026–27 from a solar power developer and independent power producer, strengthening its position in the renewable energy sector.
Bharti Airtel Plans ₹20,000 Crore NBFC Investment
Bharti Airtel announced plans to invest ₹20,000 crore in its NBFC arm, Airtel Money Limited, to expand digital financial services across India. The company and its promoter group, Bharti Enterprises, will jointly fund the initiative aimed at improving credit access.
Lupin Gets European Commission Approval for Biosimilar
Pharmaceutical major Lupin received European Commission approval for its biosimilar ranibizumab, Ranluspec. The drug will be commercialised in the European Union by Sandoz, excluding Germany, marking a significant expansion of Lupin’s global portfolio.
IDFC First Bank Fraud Under RBI Watch
The Reserve Bank of India said it is closely monitoring developments after IDFC First Bank disclosed a ₹590 crore fraud involving certain employees at a Chandigarh branch. RBI Governor Sanjay Malhotra said the issue was not systemic and remained confined to specific accounts.
BPCL Faces ₹1,816 Crore Excise Duty Demand
Bharat Petroleum Corporation Limited received an excise duty demand of ₹1,816.65 crore related to valuation disputes involving its Kochi refinery. The company said it would review the order and file an appeal with the appropriate tribunal.
Other Key Stocks in Focus
- Chalet Hotels approved plans to develop a 330-room luxury hotel in Hyderabad.
- Patel Engineering emerged as the lowest bidder for a ₹910 crore Renuka Ji Dam project in Himachal Pradesh.
- Tata Steel is set to begin operations at its new Ludhiana plant in March, boosting industrial capacity and employment.
- IT stocks may remain under pressure following a sharp sell-off in US technology shares amid concerns over artificial intelligence-driven disruption.
- Colgate-Palmolive (India) partnered with the Haryana government to provide oral health education to millions of school children.
Market Sentiment Remains Cautious
Weak global cues, ongoing tariff uncertainties, and volatility in global technology stocks are expected to influence domestic market sentiment. Investors are likely to track sector-specific developments and corporate announcements for trading opportunities throughout the session.