Stocks to Watch Today, December 5: Key Market Movers as Companies Announce Strategic Updates

Indian equity markets are set for an active trading session today as several companies reported fresh business developments, partnerships, operational updates and investment actions. These announcements are likely to drive stock-specific movement throughout the day. Here are the major stocks in focus for December 5:

Zaggle Completes 100% Acquisition of Rivpe Technology

Fintech company Zaggle Prepaid Ocean Services has acquired Rivpe Technology for ₹97 crore, strengthening its presence in the consumer credit card and UPI-based payments ecosystem.

Tata Power Temporarily Shuts Mundra Unit

Tata Power has announced a temporary shutdown of its Mundra power unit. The company expects operations to resume by December 31, which may lead to near-term operational impact.

IndiGo Faces Large-Scale Flight Disruptions

InterGlobe Aviation (IndiGo) is under pressure after the airline cancelled over 300 flights on Thursday across India due to major operational issues. Passenger inconvenience and schedule disruptions are expected to remain a key concern.

RailTel Bags ₹63.92 Crore CPWD Contract

RailTel Corporation has secured a significant ₹63.92 crore order from the Central Public Works Department (CPWD) for designing and implementing a new ICT network, boosting its order book and technology capabilities.

Vedanta’s Biomass Project Helps Reduce Stubble Burning

Vedanta Group highlighted that the biomass facility of Talwandi Sabo Power Ltd has played a critical role in reducing stubble burning and farm fire incidents in Mansa, Punjab, supporting the company's sustainability objectives.

HCLTech Enters Partnership to Boost AI-led Analytics

HCL Technologies has joined hands with Strategy to enhance enterprise-wide data analytics using advanced AI-driven solutions, strengthening its digital transformation offerings.

Aditya Birla Sun Life AMC Forms IFSC Subsidiary in GIFT City

Aditya Birla Sun Life AMC has established a wholly owned subsidiary, ABSL AMC International (IFSC) Ltd, in GIFT City, Gandhinagar, expanding its global investment management footprint.

Lloyds Engineering Works Collaborates with Virtualabs

Lloyds Engineering Works has partnered with Virtualabs to develop advanced radar technologies for both defence and civil applications, marking a key step in its global engineering expansion.

Delta Corp Promoter Increases Stake

Delta Corp’s promoter, Jaydev Mukund Mody, has purchased 14 lakh shares (0.52% stake) at ₹68.46 per share, signalling confidence in the company’s long-term outlook.

Comely Electrical Buys Stake in Paramount Dye Tec

Comely Electrical Pvt Ltd acquired 1.21 lakh shares (1.75% stake) in Paramount Dye Tec at ₹52.99, highlighting continued investor activity in the company.

IPO Watch

Vidya Wires IPO Closes Today

The ₹300.01 crore Vidya Wires IPO closes today with a GMP of ₹5.5, rising from ₹5 in the previous session.

Aequs IPO Sees Strong 11.5x Subscription

The Aequs aerospace IPO also ends today after witnessing 11.5x subscription, supported by strong investor demand. Its GMP stands at ₹41.

Meesho IPO Subscription Continues to Surge

The high-profile ₹5,421.20 crore Meesho IPO has been subscribed over 8 times in two days. The GMP has strengthened from ₹45 to ₹49.5, indicating robust market sentiment.

(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.)