Stocks to Watch Today – December 30
Indian equity markets are expected to witness stock-specific movements today as several companies announced key developments spanning leadership changes, order wins, acquisitions, capacity expansions, and regulatory matters. Stocks across infrastructure, aviation, pharmaceuticals, energy, railways, and defence could remain in focus during the session.
Waaree Energies
Waaree Energies announced that its Chief Executive Officer, Amit Paithankar, has stepped down from his role. The board has approved the appointment of Jignesh Rathod as the new CEO, marking a leadership transition at the renewable energy major.
IndiGo
Aviation major IndiGo has increased pilot allowances by up to ₹2,000, effective January 1. The move follows recent operational disruptions linked to pilot scheduling issues and aims to improve workforce stability.
Lupin
Pharmaceutical company Lupin has entered into an exclusive licensing, supply, and distribution agreement with China-based Gan and Lee Pharmaceuticals. The partnership focuses on a novel drug for the treatment of obesity and diabetes, strengthening Lupin’s specialty portfolio.
Reliance Industries
According to reports, the government is seeking over USD 30 billion from Reliance Industries and its partner BP, alleging excess infrastructure development and underperformance in gas output at the KG-D6 gas fields. The matter could keep the stock in focus.
Jindal Steel
Jindal Steel announced plans to double the structural steel manufacturing capacity at its Raigarh facility to 2 million tonnes per annum, reflecting continued expansion in its value-added steel segment.
Ceigall India
Infrastructure firm Ceigall India has secured a road construction order worth over ₹1,000 crore in Madhya Pradesh, providing a fresh boost to its order book.
Arvind Fashions
Arvind Fashions revealed plans to acquire Flipkart Group’s 31.25% stake in Arvind Youth Brands Pvt Ltd for ₹135 crore, consolidating its ownership in the youth fashion business.
Larsen & Toubro
Engineering and construction major L&T has won a significant contract for the Hyderabad Greenfield Radial Road Project, strengthening its infrastructure project pipeline.
Rail Vikas Nigam (RVNL)
RVNL emerged as the lowest bidder for a ₹201.23 crore project from East Coast Railway. The project involves setting up a Periodic Overhaul workshop for railway wagons in Odisha.
Bharat Electronics
Defence PSU Bharat Electronics Ltd (BEL) received additional orders worth ₹569 crore since December 12. The orders include radars, communication systems, simulators, software solutions, upgrades, and spares.
IPO in Focus
Gujarat Kidney IPO
The Gujarat Kidney IPO remains in focus today as it marks the final IPO listing of 2025. The issue was subscribed 5.21 times during the bidding period. The stock has gained sharply in recent sessions, while the grey market premium indicates a modest potential listing gain.
(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.)