Thursday, February 27, 2025, saw major stock movements, with UltraTech Cement Limited, INOX India Limited, Polycab India Limited, KEI Industries Limited, Century Enka Limited, and Azad Engineering Private Limited making headlines.
Tata Power Company Limited, KPI Green Energy Limited, and INOX India Limited also grabbed attention with significant investment and contract updates. If you are planning to buy shares online, these market movements could help shape your investment strategy.
UltraTech Cement declines after expansion announcement
UltraTech Cement's shares fell in early trading after the company announced its plans to enter the wires and cables sector. The Company has committed ₹1,800 crores to setting up a new plant in Gujarat, which is expected to be operational by December 2026.
Wires and cables stocks under pressure
UltraTech's expansion news rattled existing players in the wires and cables sector. KEI Industries saw its stock drop by 17.85%, while Polycab India Limited dropped 15%. RR Kabel Limited was down over 12%, and Havells India Limited and Finolex Cables Limited also experienced declines of around 5% and 6%, respectively. Investors closely monitoring these movements may look for opportunities to buy shares online and capitalise on market fluctuations.
Tata Power slips after renewable energy MoU
Tata Power shares were down despite the company signing an MoU with the Assam Government. The agreement aims to develop renewable energy projects worth ₹30,000 crores over the next five years.
KPI Green Energy sees volatility
KPI Green Energy shares initially jumped on Thursday following agreements with the Madhya Pradesh Government for 1.8 GW of renewable energy projects. This partnership aligns with the state's push for sustainable energy solutions and is expected to enhance KPI Green Energy's position in the renewable sector.
INOX India rises after certification milestone
INOX India shares surged after the company achieved a significant milestone. It became India's first cryogenic equipment manufacturer to receive the IATF 16949 certification for cryogenic fuel tank manufacturing.
Century Enka plunges after NFY fire incidence
.Century Enka shares took a sharp dive early Wednesday morning after a fire broke out at its NFY (Nylon Filament Yarn) spinning plant in Gujarat. The incident raised concerns among investors about potential production disruptions and financial losses. While the company has yet to disclose the full extent of the damage, market sentiment turned negative, leading to a significant drop in the stock price.
Azad Engineering declines amid QIP issue
Azad Engineering shares declined after the company announced the launch of its Qualified Institutional Placement (QIP) issue to raise ₹700 crores. The fundraising initiative, intended to support growth, debt management, and operational needs, was priced at a slight discount to its previous NSE closing price.
Market outlook
The stock market remained highly volatile, with some companies gaining traction while others faced steep declines. On February 27, 2025, at 1:45 PM, Tata Power shares stood at ₹343.05 per share, KPI Green Energy at ₹394.80 per share, INOX India at ₹975.80 per share, and UltraTech Cement at ₹10,415.85 per share.
At the same time, Century Enka traded at ₹536.50 per share, while Azad Engineering stood at ₹1,283 per share. If you are looking to buy shares online, staying updated on such market trends can help in making well-informed decisions.
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