Stocks to Watch Today – December 18: HCLTech, Titagarh Rail, GMR Power, IndiGo, Cyient & More
Indian equity markets are set for an active session on December 18 as several companies come into focus following major business updates, strategic deals, regulatory developments, leadership changes, and IPO-related news. Stocks from sectors such as IT, railways, renewable energy, fintech, aviation, and capital markets are expected to see heightened investor interest.
HCL Technologies: Banking Partnership Boost
HCL Technologies has been appointed as a strategic technology partner by ASN Bank, formerly known as de Volksbank. ASN Bank is the fourth-largest retail bank in the Netherlands, and the partnership strengthens HCLTech’s footprint in the European banking and financial services space.
GMR Power: ₹1,200 Crore Fundraising Plan
GMR Power is planning to raise up to ₹1,200 crore through a preferential issue. The proposal includes issuing 6.61 crore equity shares to non-promoter investors and 3.30 crore convertible warrants to the promoter group, subject to shareholder and regulatory approvals.
Cyient: Semiconductor Acquisition
Cyient’s subsidiary, Cyient Semiconductors Singapore, has entered into a definitive agreement to acquire over 65% stake in Kinetic Technologies for USD 93 million. Kinetic Technologies is a global player in power management, analog, and mixed-signal semiconductor solutions, marking a significant step in Cyient’s semiconductor expansion strategy.
KPI Green Energy: International Renewable MoU
KPI Green Energy has signed a USD 4 billion memorandum of understanding with the government of Botswana to develop 5 GW of renewable energy projects. The agreement covers solar, energy storage, and transmission infrastructure, aimed at strengthening clean energy capacity and power security.
Jio Financial Services: Senior Leadership Appointment
The board of Jio Financial Services has approved the appointment of Venkata Peri as Group Chief Operating Officer. He will join the Senior Management Personnel, effective December 22, reinforcing the company’s leadership structure.
NTPC Green Energy: Solar Capacity Goes Live
NTPC Green Energy Ltd has commenced commercial operations of 37.93 MW solar capacity at its Khavda project in Gujarat, adding to the company’s growing renewable energy portfolio.
Titagarh Rail Systems: Railway Order Win
Titagarh Rail Systems has secured a ₹273.24 crore order from Indian Railways for the supply of 62 rail maintenance vehicles. The contract also includes training, servicing, and breakdown support, strengthening the company’s order book.
One MobiKwik Systems: Board Update
Fintech firm One MobiKwik Systems has appointed Navdeep Singh Suri as the Chairperson of its Board, a move expected to enhance governance and strategic oversight.
InterGlobe Aviation (IndiGo): Parliamentary Review
InterGlobe Aviation is in focus after a parliamentary panel reviewed recent large-scale flight cancellations. According to media reports, the panel found responses from IndiGo and the aviation regulator to be unsatisfactory, keeping the stock under scrutiny.
NSDL: Sebi Settlement
National Securities Depository Ltd (NSDL) has settled a regulatory non-compliance case with Sebi by paying ₹15.57 crore. The matter was related to lapses observed during an inspection conducted in FY24.
IPOs to Watch Today
ICICI Prudential Asset Management IPO
The ICICI Prudential AMC IPO, priced at ₹2,165 per share, has moved to the post-allotment stage. The grey market premium stands at around ₹370, suggesting a possible listing near ₹2,535.
KSH International IPO
The KSH International IPO, a ₹710 crore book-built issue, enters its final day of subscription today. The issue has seen muted demand so far, with only about 28% subscription in the first two days and a grey market premium of zero.
(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.)