Overnight Digest - Five stocks to watch out on February 25

The five stocks that may witness some kind of significant movements on Feb 25 in the markets are: Kalindee Rail, Texmaco Rail & Engineering, Titagarh Wagons, Parsvnath Rail Project, Infosys, Mahindra and Mahindra (M&M), Steel Authority of India (SAIL).

a) Kalindee Rail, Texmaco Rail & Engineering, Titagarh Wagons: Shares of railway related companies will be in focus tomorrow. The shares rallied up to 9 per cent on the BSE last week ahead of Rail Budget. The forthcoming Rail Budget 2016, to be presented by Railway Minister Suresh Prabhu on February 25.

b) Parsvnath Rail Project: Brickwork rating has revised the rating to B (Outlook: Stable) for secured NCD issue of Rs 360 crores and Rs 244.39 crores.

c) Mahindra and Mahindra (M&M): M&M has firmed up plans to invest around Rs 1000 crore in developing petrol engines over the next two to three years. The company is working on developing new petrol engines (1.5 litre and 1.6 litre) in-house and a 2.2-litre petrol engine in collaboration with Korean subsidiary SsangYong Motor Company.

d) Steel Authority of India (SAIL): SAIL will invest over Rs 10200 crore on mine development as the domestic steel giant embarks on a modernisation and expansion programme.

e) Infosys: Infosys has extended the tenure of chief executive Vishal Sikka by another two years till the year 2021, at a time when the former bellwether of India's USD 160-billion IT industry is enjoying its strongest period of growth in the last five years.