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Sensex Today | Stock Market Live Updates: Nifty back below 25,500; Coforge shares decline over 5%

Published on 24/02/2026 10:54 AM

Here are a few stock recommendations by Dharmesh Shah, Assistant VP, ICICI Securities:

Buy Bank of Maharashtra with a stop loss of ₹65 and a target of ₹79

Buy Tata Steel with a stop loss of ₹198 and a target of ₹228

Suzlon Group To CNBC-TV18 | JP Chalasani, & Girish Tanti, Executive Vice Chairman:

Group Executive Council To Focus On Mid To Long-term Planning And Projects

Renewables Set To Become A Mainstream Energy Source For The Country

Currently Co Is Only A Wind Player, Focus On Becoming A FDRE Player Too

FDRE Is Firm & Dispatchable Renewable Energy

Not In Any Discussion With Adani For Equity Investment Into Suzlon

Will Focus On Expansion & Institutional Scale Building For Next 3 Years

Confident Of Core Business Growing Beyond FY28

Continue Growing Momentum In The Wind Business

Expand Wind Business To Global Markets In The Coming Years

Focus On FDRE Business Growth

Shilpa Medicare | SteinCares & Arm Shilpa Biologicals Enter Into Licensing Agreement

Co To Expand Access To Biosimilars Across Latin America

Arvind, Gokaldas Exports, Vardhman Textile declined as much as 6% today after the DGFT notified a 50% RoDTEP across all lines with immediate effect.

here

L&T Bags Order In The Range Of Rs 1,000-Rs 2,500 Cr From LIGO India

Suzlon Energy appoints Ajay Kapur as CEO with effect from February 24.

Ajay Kapur’s last held position was of Ambuja Cements MD.

Here are a few stock recommendations by Mitessh Thakkar, President – Retail Research, Bonanza Portfolio:

Sell Mazagon Dock with a stop loss of ₹2,304 and a target of ₹2,230

Sell AU Small Finance Bank with a stop loss of ₹986.50 and a target of ₹950

Buy HDFC Life with a stop loss of ₹729 and a target of ₹756

Buy Biocon with a stop loss of ₹379 and a target of ₹405

Vimal Kejriwal, MD & CEO, KEC International On CNBC-TV18:

Generated Around `800-1,000 Cr Revenue Over Last Few Years For Data Centers

Expect `1,000 Cr Annual Revenue From Data Centers In Next Couple Of Years

Co Will Not Require Additional Capex For Data Center

Water Project Delays Continue To Be Under Pressure

Labour Shortage Continues, Don’t See It Easing In March As Well

Water Project Receivables Stand At Around `800 Cr

Arbitrations Ongoing For The Railway Projects

Expecting Cash From Large Receivables To Come In Soon

IDFC Bank shares are trading with minor cuts after a sharp sell-off in yesterday’s trade on Rs 590 cr fraud

Here are a few stock recommendations by Sudarshan Sukhani, Proprietor, Technical Trends:

Buy RVNL with a stop loss of ₹315

Buy Nestle India with a stop loss of ₹1,290

Sell IndusInd Bank with a stop loss of ₹940

Sell Phoenix with a stop loss of ₹1,760

The index is at 61,287.45 at the moment.

The index is at 25,487.30

HCLTech is the top Nifty loser. IT stocks are dragging losses by trading up to 3.9% lower

As many as 40 of the 50 stocks are trading with losses.

Textile stocks under pressure, DGFT says, Remission Of Duties & Taxes On Exported Products (RoDTEP) to be restricted to 50% of notified rates

The IT index is down 2.7%

All 10 stocks in the index are trading with losses, down 1.2%-to 3.3%.

Persistent Systems, HCLTech, Infosys, Coforge, Tech Mahindra are the top losers in the index.

IT, Auto Stocks Fall The Most

One Mobikwik shares are up 10% after the company received BSE approval to commence stock broking business

Market opens largely in the red, Nifty below 25,650. #NiftyIT extend losses, index faslls nearly 2%

Rupee closed at 90.88 Vs USD on Monday.

Analyst CLSA has cut its target price on eight IT firms Coforge, Infosys, HCLTech, Persistent Systems, LTIMindtree, Tech Mahindra, TCS and Wipro.

here

Adani Power Subsidiary Moxie Power Gets Order From Tamil Nadu Govt For Supply Of 558 MW Pwr For Five Years

CITI on Bharti Airtel:

Buy, Target Price Rs 2380

Bharti’s NBFC expansion, anchored by a planned Rs200bn capital infusion over the next few years (70% contribution by Bharti Airtel, 30% by promoter entity Bharti Enterprises), is a natural adjacency to develop its next growth engine and diversify its portfolio.

Over past two years, Bharti has built a strong lending service provider model by integrating technology, data, and customer insights.

It now intends to integrate this capability with its NBFC and scale the business using its balance sheet.

Given Bharti’s strong FCF generation and upcoming rights issue payment, this foray should not materially weigh on leverage or cash flows

That said, achieving optimal capital utilisation with efficient risk adjusted returns and meaningful scale typically takes a few years for lending platforms.

CLSA on ITC:

Outperform rating, Target Price cut to Rs 367 from Rs 485

Indirect tax on cigarettes increased considerably in February 2026, with replacement of compensation cess by GST and excise duties

Believe ITC will need price increases of 33% to be neutral on Ebit per cigarette, which would drag volumes and cigarette division Ebit in FY27

Expect a recovery in FY28 after assuming no further tax increases, as suggested by ITC’s historical record in passing on these tax increases (last in FY14-16)

Cut estimates by 4-28%

Bharti Airtel is planning to build a high-scale NBFC platform under Airtel Money. It will be capitalised with Rs 20,000 crore, which is set to be infused over the next few years.

here

The new tariffs are to be issued under Section 232, will be separate from 15% global tariffs, says the WSJ report.

The new levies could cover industries like large-scale batteries, cast iron & iron fittings, plastic piping, industrial chemicals, power grid & telecom equipment, the report added

Suraj Estate Developers Acquires Happy Pacific With A Potential of Rs 200 Crore GDV Project In Prabhadevi

The Rs 380 crore IPO will open for subscription today. Ahead of the open, the firm has raised Rs 170.58 crore from anchor investors.

here

 

The GIFT Nifty is trading at a discount of over 80 points from Nifty Futures Monday’s close.

Asian markets are trading mixed this morning tracking the overnight sell-off on Wall Street.

The Nikkei 225 in Japan is trading with gains of 0.6%, while the KOSPI in South Korea is down over 1.1%.

The Chinese markets will reopen today after the long Lunar New Year holiday. Futures there are pointing towards a lower start.

Overnight, Wall Street indices sold-off sharply with the Dow Jones falling over 800 points, while the S&P 500 and Nasdaq fell over 1% each.

A combination of factors ranging from Anthropic’s latest blog post to Donald Trump’s tariff threats contributed to the sell-off.

You can on that here.

The Nifty 50 index remains stuck in a range of 500 points between 25,500 and 26,000.

The first hurdle on the upside though is 25,800 as the index is yet to test or cross last week’s high of 25,885.NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.