Stocks to Watch Today, December 26: Ola Electric, IndusInd Bank, Vodafone Idea, Lenskart in Focus
Stocks to Watch Today: Indian equity markets may see stock-specific action on December 26 as several companies reported key regulatory updates, strategic investments, capacity expansions, and investigations across sectors such as EVs, banking, telecom, cement, and infrastructure.
Key Stocks in Focus Today
Ola Electric
Ola Electric has received approval from the Ministry of Heavy Industries for incentives worth ₹366.78 crore under the Production-Linked Incentive (PLI) scheme, providing a boost to its manufacturing plans.
IndusInd Bank
The bank informed exchanges that the Serious Fraud Investigation Office (SFIO) has initiated a probe under the Companies Act, seeking details related to derivative transactions, balance-sheet entries, and microfinance income accounting.
Sun Pharma
US-based subsidiary Taro Pharmaceutical has announced a recall of over 17,000 units of an antifungal drug in the United States following manufacturing-related issues flagged by the USFDA.
Tata Technologies
Tata Technologies is focusing on a domain-driven growth approach as engineering services increasingly merge with IT solutions powered by artificial intelligence, according to senior management commentary.
Vodafone Idea
Vodafone Idea disclosed receipt of GST penalty orders from authorities in Mumbai and Bengaluru, with a combined financial exposure exceeding ₹83 crore, keeping the telecom stock on investors’ radar.
Vedanta
Vedanta’s iron ore arm Sesa Goa reported saving nearly 8 million units of energy during FY25 and the current fiscal year so far, driven by technology upgrades and operational efficiencies.
NBCC (India)
NBCC has entered into an MoU with the Mumbai Port Authority to develop the CGO Complex on 25 acres of port land, where the company will act as project management consultant and execution agency.
Lenskart
Lenskart’s Singapore-based subsidiary has approved an investment of KRW 3 billion (₹18.6 crore) to acquire a 29.24% stake in South Korea-based iiNeer Corp, a firm specializing in advanced eye-testing and lens-cutting technologies.
UltraTech Cement
UltraTech Cement has commissioned additional capacity of 1.8 million tonnes per annum at its plants in Maharashtra and Rajasthan, strengthening its production footprint.
IPO Watch
Gujarat Kidney and Super Speciality IPO
The ₹250.80 crore IPO, comprising a fresh issue of shares, witnessed over five times subscription. Ahead of allotment, the grey market premium remains flat, indicating a subdued 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.)