SUMMARY
We have compiled a list of key stocks to watch out for on Thursday, Feb 20, including Bharat Forge, Waaree Energies, Sundaram-Clayton, Orchid Pharma, and others.
1 / 6Bharat Forge | The defense company’s unit, Kalyani Strategic Systems, has signed a Letter of Intent (LOI) with AM General, USA, for the supply of advanced artillery cannons manufactured in India. This marks the first-ever agreement for the supply of artillery cannons from an Indian defense company to the United States, underscoring the strengthening of defense cooperation between the two nations.
2 / 6Sundaram-Clayton | The automotive components manufacturer has announced plans to divest its aluminium die-casting businesses at its Hosur facility. The Chennai-based company confirmed that both its high-pressure and low-pressure aluminium die-casting operations at Hosur will be sold to third-party buyers. However, key details such as the transaction structure, identity of the purchaser, and financial terms are yet to be determined.
3 / 6Waaree Energies | The company has won an order for the supply of 362.5 megawatt peak (MWp) of solar photovoltaic (PV) modules from a prominent Indian renewable power project developer. The order is a key step in the company’s continued growth within the domestic renewable energy sector. The deal, which marks a notable milestone for Waaree, will see the company supply the solar modules starting in the 2025-26 fiscal year.
4 / 6Orchid Pharma | The company has announced the successful completion of a surprise inspection by the U.S. Food and Drug Administration (USFDA) at its Active Pharmaceutical Ingredient (API) manufacturing facility in Alathur, Tamil Nadu. The inspection, which commenced on 10 February 2025 and concluded on 18 February 2025, resulted in seven minor observations, none of which pertain to the data integrity of the facility.
5 / 6Awfis Space Solutions | The company on Wednesday announced that the tax authority has ordered the attachment of its bank accounts held at HDFC Bank and ICICI Bank. However, the company stated that the order will have no financial impact on its operations or overall financial position.
6 / 6Mahindra Group | The company announced a strategic partnership with US-based Anduril Industries to combine its manufacturing capabilities with Anduril’s expertise in AI and autonomous technologies, targeting global defense markets. The collaboration will focus on autonomous maritime systems, AI-enabled Counter Unmanned Aerial Systems (CUAS), and Command & Control (C2) software, strengthening both companies’ portfolios in cutting-edge defense solutions.
