Stocks to Watch Today, December 17: IOB, HCLTech, NBCC, LIC, Waaree Energies, Ola Electric & IPOs in Focus
Indian equity markets are expected to see stock-specific action today as several companies announced key developments related to government stake sales, strategic partnerships, order wins, investments and IPO listings. Banking, technology, renewable energy, entertainment and capital market stocks may remain in focus during today’s trade.
Indian Overseas Bank (IOB)
The Government of India has announced an offer for sale of up to 3% equity in Indian Overseas Bank through the stock exchange mechanism. The move is part of the government’s ongoing divestment strategy and could impact near-term stock movement.
Ola Electric
Founder Bhavish Aggarwal has sold a portion of his personal stake to completely remove promoter-level share pledges worth ₹260 crore, according to media reports. The step is seen as a positive signal for balance sheet clarity.
Saregama India
Saregama has entered into a strategic partnership with Bhansali Productions Pvt Ltd, led by filmmaker Sanjay Leela Bhansali. The collaboration includes an equity investment and aims to strengthen content creation and music rights.
Kaynes Technology India
Kaynes Technology’s semiconductor subsidiary, Kaynes Semicon, has signed strategic agreements with Japanese companies AOI Electronics and Mitsui & Co to support upcoming semiconductor manufacturing operations in India.
HCL Technologies
HCLTech has partnered with NSE Academy to jointly offer certification programmes covering technology and finance. The initiative focuses on upskilling professionals and students in emerging digital and financial domains.
NBCC (India)
NBCC has secured new orders worth over ₹345 crore, including a project management consultancy contract from IIT Mandi and an annual maintenance order from Kandla SEZ, boosting its order book.
Life Insurance Corporation of India (LIC)
LIC disclosed that the Tata Group tops its investment portfolio with holdings worth ₹88,404 crore, followed by HDFC Bank and Reliance Group, as per information shared in Parliament.
Waaree Energies
Waaree Energies announced that its high-efficiency solar photovoltaic cells have received approval under the MNRE’s ALMM List-II, enhancing its eligibility for domestic solar projects.
IPOs to Watch
Park Medi World IPO
The ₹920-crore IPO is scheduled to list today. Grey market trends indicate a modest premium, suggesting a flat-to-positive debut.
Nephrocare Health Services IPO
The company is set to debut on the exchanges today. Strong grey market signals point toward a potentially healthy listing.
ICICI Prudential Asset Management IPO
The ₹10,602.65-crore issue closed yesterday, with share allotment expected later today. Market sentiment remains optimistic ahead of listing.
KSH International IPO
The IPO continues to see muted demand so far, with subscription levels remaining modest in early bidding.
(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.)