On Monday, 2531 stocks advanced, 1565 declined and 177 remained unchanged on Bombay Stock Exchange with advance decline ratio of 1.61 indicating a positive closing in the broader market. The trend of the major indices on Monday’s trading is given in the table below.
On NSE, 67 securities advanced and closed at a new 52-week high whereas 19 securities sank to close at their new 52-week lows. In sectoral indices Nifty IT, Nifty Media and Nifty FMCG were among the biggest losers. Nifty PSU Bank, Nifty Pharma and Nifty Auto were among the biggest gainers.
Kaveri Seed Company (+2.08%) completed the acquisition of the remaining 30% equity stake in Aditya Agritech Private Limited, making it a wholly-owned subsidiary. This strategic move aims to enhance operational synergies and expand market reach, enabling Kaveri Seed to streamline decision-making, improve efficiency, and accelerate innovation in product development and offerings within the agri-tech sector
Page Industries (+0.54%) commenced commercial production at its new manufacturing facility in Ramdaspur Village, Odisha. The sprawling 650,000 sq ft plant includes a raw material warehouse and dedicated units for men's innerwear, socks, and elastics production.
Varun Beverages (-1.37%) will expand its footprint by acquiring a 50% stake in Everest International Lanka (Private) Limited (EIL) for $3.75 million. EIL operates in Sri Lanka, focusing on the production, manufacturing, distribution, and sale of commercial visi-coolers and related accessories. This investment signifies Varun Beverages strategic move to potentially integrate backward in its supply chain or diversify its business within the region.
Interarch Building Solutions (+1.52%), acquired 20 acres in Andhra Pradesh for a new facility dedicated to heavy steel structures. Twice the size of their adjacent plant, this expansion aims to serve burgeoning demand from sectors including data centres, semiconductor manufacturing, and renewable energy, boosting capacity and reinforcing Interarch's national presence.
HFCL (+1.55%) secured new orders totaling approximately Rs76.21 crore ($9.1 million). These include an export order worth $6.91 million (around Rs59.19 crore) from an overseas telecommunications company and a domestic order of Rs17.02 crore from ITI Limited, a prominent public sector undertaking in India. The orders are for the supply of various types of optical fiber cables.
Cipla's (-0.55%) wholly-owned subsidiary, Citec Labs Limited, received a voluntary action indicated (VAI) classification from the US Food and Drug Administration (USFDA) following a current Good Manufacturing Practices (cGMP) inspection at its analytical testing facility in Vashi, Navi Mumbai. The inspection, conducted from 18 -20 February, 2025, concluded with this classification, indicating that while some observations were made, they do not require immediate or major corrective actions by the company.
Max Healthcare Institute's (+1.79%) wholly-owned subsidiary, Crosslay Remedies Limited (CRL), finalized the acquisition of land and a building in Uttar Pradesh for approximately Rs120 crore. Located adjacent to Max Super Speciality Hospital, Vaishali, this strategic purchase paves the way for a significant expansion of around 140 beds at the hospital over the next 30 months.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below: