Stocks to Watch Today – December 9
Indian markets are set for an active trading session today, with several companies announcing fresh business updates, partnerships, financial developments, and expansion plans. From semiconductor collaborations and aviation concerns to new data centre investments and major IPO listings, here are the top stocks and market triggers to watch.
Larsen & Toubro (L&T): Realty Business Shifted to Subsidiary
Engineering giant L&T has transferred its realty business to its subsidiary L&T Realty Properties Ltd., aimed at streamlining operations and strengthening its real estate vertical.
Tata Group: Intel Signs Chip Manufacturing Agreement
In a significant boost for India’s semiconductor ambitions, Intel has partnered with the Tata Group to manufacture and assemble chips in India for domestic demand.
HCLTech: Collaboration with Dolphin Semiconductor
HCLTech has teamed up with France-based Dolphin Semiconductor to co-develop energy-efficient semiconductor solutions, further expanding its footprint in chip design and development.
ICICI Bank: Plans to Maintain Majority Stakes
ICICI Bank aims to continue holding over 51% ownership in all three of its listed subsidiaries, signaling a strong commitment to control and long-term value creation.
InterGlobe Aviation (IndiGo): Flight Disruptions Raise Financial Concerns
According to Moody’s Ratings, ongoing flight disruptions at IndiGo due to regulatory compliance issues could impact earnings, driven by revenue loss and potential cancellation penalties.
Adani Enterprises: AI Green Data Centre in Telangana
The Adani Group will invest ₹2,500 crore to build a 48-MW AI-focused green data centre in Telangana, reinforcing its push into digital infrastructure.
Waaree Energies: Wins 288 MWp US Solar Order
Waaree Energies announced that its US subsidiary has secured a 288 MWp solar module order from Sabanci Renewables, strengthening its global solar portfolio.
Biocon Ltd: Complete Integration of Biocon Biologics
Biocon will fully integrate Biocon Biologics in a deal valuing the unit at USD 5.5 billion, aiming for operational synergy and consolidated growth.
CEAT Ltd: Developing New Tyres for Global Markets
Tyre manufacturer CEAT is creating new product lines for Europe and the US as it works toward establishing itself as a leading global tyre brand.
IPO Watch
Vidya Wires IPO: Listing on December 10
Set to list tomorrow, the Vidya Wires IPO carries a stable GMP of ₹4, implying an estimated listing price of ₹56.
Aequs IPO: ₹921.81 Crore Issue Lists Tomorrow
Aequs’ IPO—worth ₹921.81 crore—will list on both exchanges tomorrow, with a current GMP of ₹34, indicating a potential 27% listing gain.
Meesho IPO: High-Profile Listing Tomorrow
Backed by SoftBank, the Meesho IPO lists tomorrow, supported by a GMP of ₹39, reflecting strong investor interest.
Corona Remedies IPO: Positive First-Day Response
The Corona Remedies IPO opened yesterday to strong subscription. Its GMP stands at ₹262, pointing to a possible listing near ₹1,324.
Wakefit Innovations IPO: Weak Start; GMP Declines
Wakefit’s IPO—valued at ₹1,288.89 crore—saw muted demand on Day One at 0.15x subscription. The GMP dropped to ₹5 from ₹36.
(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.)