The GIFT Nifty futures were trading in the green before the market’s opening on Thursday. Indices are expected to open on a similar positive note.

Domestic benchmark indices NSE Nifty 50 and S&P BSE Sensex settled lower on Wednesday, breaking their six-day winning streak, amid profit booking during the last minutes of trade. 

Nifty settled 141.90 points or 0.64% lower at 72,623.09, while Sensex ended down by 434.31 points or 0.59% to settle at 72,623.09.

Here are some stocks that are likely to remain in focus on February 22.

Zee Entertainment Enterprise Ltd (ZEEL): The media company may face a show cause notice from the Securities and Exchange Board of India (SEBI) next month concerning a fund diversion case. Meanwhile, mutual funds have reportedly pared their holdings in Zee by 40% in January.

Sugar Stocks: The Cabinet Committee on Economic Affairs has approved a hike in the sugarcane fair and remuneration price (FRP) by Rs 25 to Rs 340 per quintal for the upcoming 2024-25 season starting in October. 

NBCC (India): The management consulting company has received in-principal approval from the Greater Noida Authority to develop unused and purchasable floor area ratios in continuation of five existing Amrapali projects worth Rs 10,000 crore.

LTIMindtree: The IT company signed a Memorandum of Understanding (MoU) with Eurolife FFH to establish Generative Artificial Intelligence (Gen AI) and Digital Hubs in Athens and dedicated facilities in Poland, Europe and Mumbai. 

JK Cement: The building material company’s board has approved modifying the acquisition terms with Toshali Cements and will pay Rs 10.75 crore to the existing promoters to acquire 100% equity.

South Indian Bank: The private bank’s Rs 1,151 crore rights issue will be open between March 6 and 20, with the record date fixed as February 27. It will offer 52 crore shares at Rs 22 per share in a rights ratio of 1 share for every 4 shares held.

Axis Bank: Global rating agency Moody’s has affirmed the private lender’s long-term deposit ratings at ‘Baa3’ with a stable outlook, citing India’s favourable operating environment as an opportunity for the bank to strengthen its market position.