Stock Market News: February 28 Top Stocks Expected to Surge

Indian Stock Market – Exploring Lucrative Investment Prospects on February 28, 2025

Polycab India Ltd

• Technology | Mid Cap
• Rs.4726.55/-

KEI Industries Ltd

• Technology | Mid Cap
• Rs.3057.30/-

HDFC Bank Ltd

• Financial Services | Large Cap
• Rs.1715.85/-

BSE Ltd

• Financial Services | Mid Cap
• Rs.74802.90/-

Tata Consultancy Services Ltd

• Technology | Large Cap
• Rs.3477.95/-

Mahindra & Mahindra Ltd

• Consumer Cyclical | Large Cap
• Rs.2629.00/-

Reliance Industries Ltd

• Energy | Large Cap
• Rs.1208.90/-

Shriram Finance Ltd

• Financial Services | Large Cap
• Rs.608.35/-

CreditAccess Grameen Ltd

• Financial Services | Small Cap
• Rs.941.70/-

Infosys Ltd

• Technology | Large Cap
• Rs.1696.60/-

ICICI Bank Ltd

• Financial Services | Large Cap
• Rs.1217.80/-

Tata Motors Ltd

• Consumer Cyclical | Large Cap
• Rs.630.15/-

Axis Bank Ltd

• Financial Services | Large Cap
• Rs.1.030.80/-

UltraTech Cement Ltd

• Basic Materials | Large Cap
• Rs.10322.25/-

Indusind Bank Ltd

• Financial Services | Mid Cap
• Rs.995.40/-

Zomato Ltd

• Technology | Large Cap
• Rs.2224.76/-

Bajaj Finance Ltd

• Financial Services | Large Cap
• Rs.8603.00/-

Trending Top Stories in The Indian Stock Market on February 28, 2025

1. Sanofi India suggests a last dividend of ₹117 per equity share after Q4 FY25 results, with a revenue growth of 9.7% to 514.9 crore.

2. Brokerage downgrades price target on KEI Industries to Rs 3,450 from Rs 4,500.

3. Chemplast Sanmar and its subsidiary CCVL to buy 18.46% and 7.81% holdings in JSW Green Energy Nine for Rs 30.43 crore.

4. Biocon introduces GLP-1 peptide Liraglutide in the UK for obesity and diabetes, the first generics firm to be approved for gLiraglutide.

5. ICICI Bank Ltd. has seen a weight loss in the MSCI index.

6. Nava Limited declared a bonus issue with a 4:1 ratio, issuing shareholders 4 shares for every share held.

7. Jefferies has ‘buy’ on Crompton at a target of $480 based on premium and BLDC fan growth.

8. Vodafone Idea initiates 5G trials in Mumbai ahead of scheduled commercial launch around Holi, March 14.

9. Adani Group is to expand retail and food services at airports, opening 270 retail outlets and 50 F&B outlets to boost non-aeronautical revenue.

10. Bajaj Finance has formed an alliance with Bharti Airtel to tap its customers, while Morgan Stanley has an overweight rating with a target of Rs 9,300.

11. CLSA has an outperform rating on Bajaj Auto with a target price of ₹9,473, attributing growth to strong export markets as well as product innovation.

12. Voltas Ltd. entered the top ten weight VOLTAS increases in the MSCI Standard Indexes.

13. UBS has buy rating on Hindustan Petroleum Corporation (HPCL) at a target price of 430 based on healthy integrated margins.

14. HSBC has buy rating on Cholamandalam Financial Holdings at a target price of 1,610 based on stable EPS growth and profitability.

15. UBS starts buy rating on Thermax at a target price of $4,100 with 25% earnings CAGR in FY24-FY27.

16. Jefferies has a buy call on Jubilant Foodworks at 1,000, highlighting strategic priority towards digitalization and growth initiatives.

17. HDFC Life shares have fallen Life substantially, with P/EV multiple declining Saratha from 4.8x in FY21 to an estimated 2.1x in FY26 amid regulatory overhang.

18. Jubilant Foodworks is looking for faster growth of ~1,000 Domino’s stores between FY25-28 with focus on tier 2/3 cities.

19. Jubilant Foodworks aims at rapid expansion of ~1,000 Domino’s stores in FY25-28, with tier 2/3 cities as the focus.

20. Investec raised ICICI Prudential Life to Buy from Hold with a target price of Rs 725, citing good valuations.

21. Three-month Denta shareholder lock-in for Denta Water & Infra expires today, making 10 lakh shares (4% of outstanding equity) tradable.

22. Premier Energies’ lock-in period of six months for shareholding expires today, making 10.6 crore shares (23% of equity) eligible for sale.

23. Orient Technologies appoints Gourav Modi as the Chief Financial Officer from April 1, 2025, replacing Sunil Kumar who will retire on March 31, 2025.

24. CRISIL changes outlook on DLF to Positive and re-affirms CRISIL AA rating for non-convertible debentures based on strong cash generation and market position.

25. JSW Infrastructure looking to make acquisitions JSW for container freight stations and inland container depots, with a capital expenditure target of Rs 39,000 crore by FY30.

26. Paytm ties up with Perplexity Al to one 97 incorporate Al-powered features with a focus on profitability over the next two years.

27. Servotech collaborates with CIMSME to develop a mobile app and targets 1 lakh solar home installations by 2026 under PM Surya Ghar Yojana.

28. NCLT sanctions merger of Shree Jee Laboratory, JPR Labs, and Jaspack Industries with Mankind Pharma.

29. Sanofi India announces Q3FY25 net profit rises 31% to 91.3 crore and declares final dividend of 117 per share.

30. Jindal Stainless has acquired 100% equity interest in AGH Dreams Pvt. and Utkrisht Dream Ventures Pvt.

31. IRFC is broadening its lending base to cover industries with railway linkages, owing to decreased funding requests from Indian Railways post-FY24.

32. Goldman Sachs, Jefferies, and Morgan Stanley have revised HDFC Bank target prices, which are between 1,800 and ₹1,920.

33. LIC has been issued a GST demand order for Rs 479.88 crore, including GST, interest, and penalty for FY21 by Mumbai’s Deputy Commissioner of State Tax.

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