Market Watch December 10: Major Stock Updates, Deals & IPO Listings

“Key market movers today: major corporate updates, strategic deals, energy developments, and IPO listings set to influence trading sentiment on December 10.”

Stocks to Watch Today – December 10

Here are the major stocks and IPOs likely to influence market sentiment today, as companies roll out financial updates, expansion plans, strategic partnerships, and key business developments across sectors.

TCS lays off 376 employees in Pune

The Maharashtra government informed the legislative council that Tata Consultancy Services has released 376 employees across its Pune units over the last two quarters amid ongoing restructuring activity in the IT industry.

Ratnaveer Precision raises ₹185.50 crore via QIP

Ratnaveer Precision Engineering has raised ₹185.50 crore through a Qualified Institutional Placement to strengthen its balance sheet and support upcoming expansion initiatives.

BlackRock invests ₹3,000 crore in Aditya Birla Renewables

Global investment giant BlackRock has committed up to ₹3,000 crore for a minority stake in the Aditya Birla Group’s renewable energy arm, signalling strong investor appetite for India’s clean energy sector.

GQG Partners offloads JSW Energy shares worth ₹676 crore

US-based investment firm GQG Partners has sold JSW Energy shares worth ₹676 crore through open market transactions.

NALCO awards Pottangi bauxite mine project to Dilip Buildcon

NALCO has finalised Dilip Buildcon as the Mine Developer and Operator (MDO) for its Pottangi bauxite block for a 25-year term with base mining charges set at ₹423 per tonne.

Zydus Lifesciences signs biosimilar licensing deal

Zydus’ UAE subsidiary has partnered with Formycon AG for the supply and commercialisation of a cancer-treatment biosimilar in the US and Canada.

Tata Power commissions Koteshwar–Rishikesh line

Tata Power has operationalised the 400 kV Koteshwar–Rishikesh transmission line, enabling the transfer of 1,000 MW of clean hydropower across North India.

Federal Bank opens 1,600th branch

Federal Bank has expanded its footprint with the inauguration of its 1,600th banking outlet in Delhi.

SAIL’s Bokaro plant completes first chequered plate rolling

SAIL’s Bokaro Steel Plant successfully executed its first chequered plate rolling, marking another step in product diversification.

Ashok Leyland unveils next-gen engines at EXCON 2025

Ashok Leyland introduced a series of next-generation compact engines designed for enhanced efficiency and improved performance.

IPOs in Focus Today

Meesho, Aequs & Vidya Wire IPOs – All set to list today

Meesho IPO: GMP ₹36 → Estimated listing price ₹147 → ~32.4% premium
Aequs IPO: GMP ₹31 → Estimated listing price ₹155 → ~25% premium
Vidya Wire IPO: GMP ₹3.5 → Estimated listing price ₹55.5 → ~6.7% premium

Ongoing Subscriptions

Corona Remedies IPO – Day 3

The issue is nearly 10x subscribed in the first two days.

GMP: ₹270
Est. listing price: ₹1,332 (premium ~25.4%)

Wakefit Innovations IPO – Day 3

Subscription remains low at 0.4x so far.

GMP: ₹2
Est. listing price: ₹197 (premium ~1%)

Park Medi World IPO – Opens today

A book-built issue of ₹920 crore.

GMP: ₹22
Est. listing price: ₹184 (premium ~13.6%)

Nephrocare Health Services IPO – Day 1

A book-built issue of ₹871.05 crore opens today.

GMP: ₹0

Est. listing price: ₹460

TCS lays off 376 employees in Pune