Stocks to Watch Today – December 19: HCLTech, Reliance, Tata Power, NTPC, SAIL in Focus
Indian equity markets are expected to witness stock-specific action today as several companies announced acquisitions, investments, governance changes, fundraising plans, and major expansion strategies. Below are the key stocks likely to remain in focus during today’s trading session.
HCL Technologies
HCLTech has entered into an agreement to acquire the Telco Solutions Business of Hewlett Packard Enterprise for a consideration of up to USD 160 million. The move is aimed at strengthening its telecom and digital services portfolio.
Tata Power
Tata Power announced an investment of Rs 64 crore in Khorlochhu Hydro Power Limited, a Bhutan-based hydroelectric company, to acquire a 40% equity stake as part of its renewable energy expansion strategy.
Bharti Airtel
Bharti Airtel stated that Singtel has relinquished certain reserved rights under the revised shareholders’ agreement with Bharti Telecom. The amendment is expected to improve governance alignment and operational flexibility.
Meesho
Shares of e-commerce platform Meesho continue to remain in demand, having surged over 112% from the issue price since its market debut earlier this month.
SAIL
Steel Authority of India (SAIL) came under scrutiny after the CAG flagged delays in project execution, production shortfalls, and cost overruns linked to excessive raw material consumption.
Shriram Finance
Shriram Finance said its board will deliberate on capital-raising options, including a possible stake sale, at its upcoming meeting scheduled for Friday.
Reliance Industries
Reliance Industries announced that its FMCG arm, Reliance Consumer Products, has acquired a majority stake in Udhaiyams Agro Foods, with the existing promoters retaining a minority holding.
NTPC
State-run power major NTPC has outlined an ambitious roadmap to achieve 244 GW of installed capacity by 2037, requiring an estimated capital expenditure of Rs 7 lakh crore.
Ola Electric
Ola Electric confirmed that its founder has completed a one-time monetisation of a portion of personal shareholding to fully repay a promoter-level loan worth around Rs 260 crore.
GPT Infraprojects
The joint venture involving GPT Infraprojects has secured a Rs 1,804.48 crore contract from MCGM. GPT’s share in the project stands at Rs 469.16 crore.
IPOs in Focus
ICICI Prudential AMC IPO
Shares of ICICI Prudential AMC are set to list on the NSE and BSE today. The IPO carries a grey market premium of Rs 520, indicating an estimated listing premium of around 24%.
KSH International IPO
The Rs 710 crore KSH International IPO closed with 87% subscription, while the grey market premium remains flat, suggesting a muted listing outlook.
(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.)