Stocks to Watch Today – Bajaj Housing Finance, Hyundai, Tata Motors and Market Highlights on December 02

Stocks to watch today will be guided by key corporate actions, block deals, sector updates, and regulatory disclosures as the share market today opens for trade on December 02. Major developments include Bajaj Housing Finance’s promoter initiating a stake sale, strong November sales prints from Hyundai and Tata Motors, and multiple expansions, project wins, and appointments across industrial, automobile, hospitality, and financial sectors.

Share Market News – Highlights

• Bajaj Housing Finance – Promoter stake sale
• Hyundai Motor – November sales update
• Tata Motors – Passenger vehicles performance
• Amber Enterprises – Subsidiary acquisition
• Hero MotoCorp – Strong monthly dispatches
• Ambuja Cements – Clinker expansion
• Hindustan Unilever – Leadership change
• Indian Hotels Company – New acquisitions
• KEI Industries – Trial production begins
• Afcons Infrastructure – New EPC orders
• Bharat Dynamics – Defence orders
• Bank of Maharashtra – Government OFS
• NMDC – Iron ore output
• Bulk Deals – Maple Infra, Oil Country, Welspun Investment
• Other Corporate Developments

Bajaj Housing Finance – Promoter stake sale

Bajaj Housing Finance will be in sharp focus as its promoter, Bajaj Finance, begins an open-market sale of up to 2% equity starting December 02. The group aims to meet minimum public shareholding norms by offloading roughly 16.66 crore shares, with the sale expected to raise around ₹1,740 crore. Bajaj Finance currently holds about 88.70% of the company.

Hyundai Motor – November sales update

Hyundai Motor India has reported a solid sales performance for November 2025, with total volumes rising 9.1% year-on-year to 66,840 units. Strong demand for SUVs and healthy export contributions supported the monthly tally, reinforcing Hyundai’s position as the second-largest passenger vehicle manufacturer in the country.

Tata Motors – Passenger vehicle growth

Tata Motors has posted a 26% YoY jump in passenger vehicle sales for November, delivering 59,199 units. Domestic sales grew roughly 22%, driven by sustained traction in its EV and SUV offerings. The momentum underscores broader industry strength during the post-festive period.

Amber Enterprises – Subsidiary acquisition

Amber Enterprises announced that IL JIN Electronics, its subsidiary, has acquired an 80% stake in Shogini Technoarts for approximately ₹506 crore. The acquisition, effective December 01, 2025, expands Amber’s footprint in electronics manufacturing, making Shogini a step-down subsidiary and strengthening the company’s component integration capabilities.

Hero MotoCorp – Strong dispatches in November

Hero MotoCorp reported a robust 31% YoY increase in total dispatches for November, reaching 6,04,490 units. Domestic sales grew 12.4%, while exports surged nearly 70%. The company attributed the strong showing to improved sentiment after the festive season and higher acceptance of newly launched models.

Ambuja Cements – Capacity expansion

Ambuja Cements has successfully commissioned a 4 MTPA clinker expansion at its Bhatapara plant in Chhattisgarh. This brownfield addition raises the company’s consolidated clinker capacity to 66 MTPA and supports its long-term manufacturing and distribution strategy.

Hindustan Unilever – Leadership changes

Hindustan Unilever Ltd has appointed Vandana Suri as Executive Director – Home Care, effective January 1, 2026. She succeeds Srinandan Sundaram, who will transition to the role of CEO, Unilever International. Suri brings over two decades of experience across India, South Asia, and Indonesia.

Indian Hotels Company – Strategic acquisitions

Indian Hotels Company Ltd’s subsidiary, Roots Corporation, has expanded its hospitality portfolio by acquiring controlling stakes in Pride Hospitality and ANK Hotels. The deals valued at ₹81.2 crore and ₹109.3 crore respectively will add more than 140 midscale hotels under The Clarks Hotels & Resorts banner to its network.

KEI Industries – Trial operations begin

KEI Industries has initiated trial production at its new greenfield manufacturing facility located in Sanand, Ahmedabad. The first phase is focused on LT and HT cable production, with commercial output expected to commence by December 10, 2025.

Afcons Infrastructure – Fresh project wins

Afcons Infrastructure, part of the Shapoorji Pallonji Group, secured EPC contracts worth ₹884 crore in November. The orders, booked across its marine and industrial business segments, reinforce the company’s project execution pipeline.

Bharat Dynamics – Additional defence orders

Bharat Dynamics Ltd has received fresh defence orders worth ₹2,461.62 crore. These include advanced anti-tank guided missiles and surface-to-air missile systems under emergency procurement, expanding its defence manufacturing pipeline.

Bank of Maharashtra – Government OFS

The Government of India has confirmed an Offer for Sale (OFS) to divest up to 5% of its stake in Bank of Maharashtra, with an additional 1% green-shoe option. The OFS opens for non-retail investors today and for retail investors tomorrow. The floor price is fixed at ₹54 per share.

NMDC – Iron ore production

NMDC reported an 11% YoY increase in iron ore production during November, delivering 5.01 million tonnes. Sales grew 4.3% to 4.17 million tonnes, with increases recorded across both Chhattisgarh and Karnataka operations.

Bulk Deals and Institutional Activity

Maple Infrastructure Trust

360 ONE Special Opportunities Fund – Series 11 sold 27.5 lakh units at ₹145.60. Unifi Wealth Management emerged as the buyer.

Oil Country Tubular

A significant block transaction took place as Vivek Mundra purchased 49.4 lakh shares at ₹65.30. The promoter group entity, United Steel Allied Industries, was the seller.

Welspun Investment and Commercials

Gaurav Naresh Lodha offloaded 25,127 shares at ₹1,400.02. The stock closed around 20% higher at ₹1,422.10.

Other Corporate Announcements

Bhagyanagar India

The company informed exchanges that it has acquired 100% equity in Topsun Solar Pvt Ltd, marking a push into renewable energy manufacturing.

Aditya Birla Capital

Aditya Birla Capital has infused ₹300 crore into its subsidiary, Aditya Birla Housing Finance, through a rights issue.

Jubilant FoodWorks

The company announced the grant of fresh employee stock options under its ESOP 2025 scheme.

Ramco Industries

Crisil reaffirmed an A1+ rating for Ramco Industries’ commercial paper programme.

Ashika Credit Capital

Following an NCLT-approved amalgamation process, the company reported changes in shareholding structure.

Home First Finance

Government Pension Fund Global increased its stake in Home First Finance, crossing the 5% threshold.

Stock Trades Ex-Date

Mini Diamonds India will trade ex-split today.

F&O Ban List

Samman Capital remains under the F&O ban. Stocks close to potential ban include Bandhan Bank, Aditya Birla Capital, DLF, Glenmark, Concor, Crompton, and HFCL.