Stocks to Watch Today, December 2: Reliance Industries, Hero MotoCorp, NTPC, Coal India & More

Indian equity markets are set for an active trading session today with several major companies announcing fresh business updates, operational developments, mergers, sales data, and regulatory actions. These key corporate headlines are likely to drive market sentiment and put multiple stocks in focus.

Below are the top stocks and developments investors should track:

Reliance Industries: STPL Merges With Jiostar

Reliance Industries has concluded the merger of its wholly-owned unit, Star Television Productions Ltd (STPL), with Jiostar. The restructuring aligns with the company’s ongoing consolidation strategy across its media and production businesses.

Hero MotoCorp: Sales Surge 31% in November

Hero MotoCorp posted a strong performance for November, recording a 31% YoY rise in total sales. The company sold 6,04,490 units in November 2025, significantly higher than 4,59,805 units in the same month last year, supported by demand recovery in the two-wheeler segment.

IRB Infrastructure: VM7 Project Approved for Sale

IRB Infrastructure Developers’ board has cleared the sale of the Gandeva Ena (VM7) HAM project, part of the Delhi–Mumbai Greenfield Expressway, to IRB InvIT Fund for ₹513 crore. The transaction is aligned with the company’s asset monetisation roadmap.

NTPC: Kerandari Coal Mine Shifted to Subsidiary

NTPC has transferred ownership of the Kerandari Coal Mine to its fully-owned subsidiary, NTPC Mining Ltd (NML). The move follows previously agreed terms and aims to streamline mining operations.

Reliance Communications: Anil Ambani Moves Supreme Court

Anil Ambani has approached the Supreme Court against a Bombay High Court ruling that upheld SBI’s decision to classify his and Reliance Communications’ accounts as “fraud,” according to reports. The legal development may keep RCom-linked counters in the spotlight.

Bank of Maharashtra: Government to Divest 6% Stake

The central government will offload up to a 6% stake in Bank of Maharashtra through an Offer for Sale (OFS) opening today. The OFS is part of the ongoing disinvestment programme for public-sector lenders.

Tilaknagar Industries: Imperial Blue Business Acquisition Completed

Tilaknagar Industries has finalised the acquisition of the Imperial Blue business from Pernod Ricard India via a slump sale transaction valued at ₹3,442 crore. This marks a significant expansion of the company’s premium spirits portfolio.

Hindustan Unilever (HUL): Vandana Suri Joins Leadership

HUL has appointed Vandana Suri as Executive Director – Home Care and welcomed her to its Management Committee. The appointment strengthens the company’s senior leadership team.

Coal India: Production Dips 3.7%

Coal India reported a 3.7% decline in output, producing 453.5 million tonnes during April–November 2025. Lower production levels may influence coal supply dynamics and related power sector stocks.

Hyundai Motor India: 9.1% Growth in November Sales

Hyundai Motor India posted total sales of 66,840 units in November 2025, reflecting a 9.1% YoY increase driven by strong SUV demand and firm export performance.

IPO Watch

Vidya Wires IPO

• Issue Size: ₹300.01 crore (book-built)
• Price Band: ₹48–₹52
• Opens: December 3
• GMP: 6 (lower from 10 earlier)

Aequs IPO

• Industry: Aerospace
• Price Band: ₹118–₹124
• Opens: December 4
• GMP: Rising to 44.5 from 18

Meesho IPO

• Backed by: SoftBank
• Issue Size: ₹5,421.20 crore
• Price Band: ₹105–₹111
• Opens: December 3
• GMP: 46.5
  
  (Disclaimer: The content above is provided solely for informational purposes and should not be treated as investment advice. SmartInvestment advises readers to consult a qualified financial advisor before making any investment or money-related decisions.)