Stocks to watch today on December 23 reflect a broad mix of high-impact corporate actions, including a major cement sector consolidation, technology acquisitions, infrastructure contract wins, renewable energy orders, regulatory developments, and large promoter and institutional transactions. These developments, disclosed through official filings and exchange communications, are shaping attention in the share market today across cement, technology, infrastructure, banking, energy, manufacturing, and consumer-facing sectors.
Share Market News – Highlights
- Cement sector consolidation and restructuring
- Technology acquisitions and digital expansion
- Infrastructure, roads and municipal contracts
- Renewable energy and industrial projects
- Banking, finance and regulatory developments
- Bulk and block deal activity
- Corporate restructuring, listings and operations
Cement Sector Consolidation and Group Restructuring
Ambuja Cements and ACC
Ambuja Cements received board approval for two Schemes of Amalgamation that will merge ACC and Orient Cement into Ambuja, creating a unified cement platform under the Adani Group. The restructuring is designed to streamline operations, consolidate capacities, and improve capital efficiency across the group’s cement business.
Under the approved swap ratios, eligible shareholders of ACC will receive 328 equity shares of Ambuja for every 100 shares held, while shareholders of Orient Cement will receive 33 Ambuja shares for every 100 shares held. The scheme remains subject to regulatory and tribunal approvals, including clearance from the National Company Law Tribunal.
Lloyds Enterprises
Lloyds Enterprises announced a composite scheme of arrangement involving consolidation of its real estate interests, followed by the demerger of the unified business into a newly formed entity, Lloyds Realty. The proposed restructuring is aimed at creating a focused, independently listed real estate platform.
Technology, Software and Digital Expansion
HCL Technologies
HCL Technologies disclosed that its software arm, HCLSoftware, intends to acquire Jaspersoft, an embedded analytics and reporting business of Cloud Software Group, for $240 million. Jaspersoft provides pixel-perfect reporting and analytics solutions used by enterprises globally.
In a separate transaction, HCLSoftware also plans to acquire Wobby, a Belgium-based early-stage startup specialising in AI-powered data analyst agents, for €4.5 million. These acquisitions strengthen HCLTech’s portfolio in enterprise analytics and generative AI-led data intelligence.
Newgen Software Technologies
Newgen Software Technologies secured an order valued at ₹16.53 crore for the supply, customisation, implementation, and maintenance of a digital lending platform. The contract adds to the company’s presence in financial technology solutions.
Infrastructure, Roads and Municipal Projects
GPT Infraprojects
GPT Infraprojects, in consortium with ISCPPL, emerged as the lowest bidder for a ₹670 crore project awarded by the National Highways Authority of India. The project involves construction of a four-lane elevated road in Jodhpur city under the Hybrid Annuity Model, enhancing the company’s highways order book.
Antony Waste Handling Cell
Antony Waste Handling Cell’s subsidiary, Antony Lara Enviro Solutions, received a contract worth approximately ₹329 crore from the Thane Municipal Corporation. The project involves development of a mixed solid-waste processing plant with a capacity of 600–800 tonnes per day at Bhiwandi, Maharashtra.
Ahluwalia Contracts (India)
Ahluwalia Contracts secured a large EPC order valued at ₹888.38 crore from Bihar State Tourism Development Corporation. The contract covers construction and development of the Shri Ram Janmabhoomi Tirtha Kshetra at Punauradham, Bihar.
Renewable Energy, Industrial and Manufacturing Developments
Saatvik Green Energy
Saatvik Green Energy announced that its subsidiary, Saatvik Solar Industries, has received an order worth ₹486 crore from a leading independent power producer or EPC player for the supply of solar photovoltaic modules. The order supports ongoing capacity utilisation in the domestic solar manufacturing segment.
Sanghvi Movers
Sanghvi Movers’ renewable energy arm, Sangreen Future Renewables, secured balance-of-plant EPC orders aggregating ₹428.72 crore from domestic power producers. The orders cover wind projects with a combined capacity exceeding 270 MW.
Supreme Petrochem
Supreme Petrochem informed exchanges that operations at its newly commissioned mABS plant at Amdoshi, Maharashtra, have been temporarily suspended due to malfunctioning of critical equipment. The company stated that corrective measures are underway.
Banking, Finance and Regulatory Developments
Indian Railway Catering and Tourism Corporation
IRCTC will be excluded from the derivatives segment, with trading in futures and options scheduled to stop effective February 25, 2026. Existing unexpired contracts will remain available for trading until their respective expiry dates.
Canara Bank
The Financial Services Institutions Bureau recommended Brajesh Kumar Singh for appointment as Managing Director and Chief Executive Officer of Canara Bank, subject to approvals from competent authorities.
Indian Overseas Bank
The Government of India announced an offer for sale of up to 3% equity in Indian Overseas Bank through stock exchange mechan
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