Stocks to watch today on December 24 remain in focus as markets digest a combination of global policy developments, large domestic infrastructure orders, renewable energy investments, pharmaceutical regulatory updates, and significant board-level and capital allocation decisions. Developments in the Indian IT sector following changes to US immigration rules, along with corporate disclosures from infrastructure, energy, banking, and healthcare companies, are shaping sentiment in the share market today.
Share Market News – Highlights
- Global policy and sector-wide developments
- Infrastructure and EPC order inflows
- Energy, renewables and utilities updates
- Pharmaceutical and healthcare developments
- Corporate actions, leadership and governance
- Bulk and block deal activity
- Listings and scheduled corporate actions
Global Policy Developments Impacting Indian Markets
Indian IT Sector
The Indian information technology sector is facing potential operational challenges following a policy shift by the United States Department of Homeland Security, which plans to replace the traditional H-1B visa lottery system with a weighted selection mechanism favouring higher-paid and higher-skilled applicants. This structural change may influence how Indian IT companies deploy talent in the US market, particularly for mid-level and entry-level roles that historically relied on the lottery-based system.
While the policy does not target any specific company, it introduces a broader industry consideration that could impact workforce planning, cost structures, and offshore–onshore delivery models over time.
Infrastructure, Railways and EPC Projects
Vikran Engineering
Vikran Engineering has secured a large EPC order valued at approximately ₹2,035 crore from Onix Renewables, a special purpose vehicle, for the execution of 600 MW AC solar power projects across multiple locations in Maharashtra. The project is expected to be completed within a defined execution timeline and significantly expands the company’s renewable energy order book.
GPT Infraprojects
GPT Infraprojects received an order worth about ₹199 crore from North Eastern Railway for bridge construction works on the Khalilabad–Bahraich rail corridor. The scope includes construction of substructures, fabrication of superstructures, and their launching over the River Rapti, supporting railway network expansion in the region.
Rail Vikas Nigam
Rail Vikas Nigam announced a leadership change with the appointment of Saleem Ahmad as Chairman and Managing Director, effective December 23. The appointment follows the cessation of tenure of the outgoing CMD and is part of routine administrative restructuring at the public sector enterprise.
Energy, Utilities and Industrial Projects
Adani Ports and Special Economic Zone
Adani Ports approved the allotment of equity shares on a preferential basis to discharge non-cash consideration for the acquisition of Abbot Point Port Holdings in Australia. The transaction completes the transfer of ownership of the North Queensland Export Terminal, strengthening the company’s international port portfolio.
Following the acquisition, the company updated its operational outlook, reflecting the integration of overseas assets into its consolidated port operations.
GAIL India
GAIL signed a memorandum of understanding with the Government of Chhattisgarh to explore the development of a greenfield gas-based fertiliser project in the state. The company will undertake feasibility studies for a large-capacity urea manufacturing facility aligned with its existing gas pipeline infrastructure.
Coal India
Coal India’s board granted in-principle approval for the potential listing of its wholly owned subsidiaries, South Eastern Coalfields and Mahanadi Coalfields. The proposal is subject to regulatory clearances and forms part of the government’s broader divestment and value-unlocking roadmap.
Surana Telecom and Power
Surana Telecom received multiple letters of award aggregating to approximately ₹175 crore for the development of solar power projects in Madhya Pradesh, further expanding its renewable energy execution pipeline.
Pharmaceutical and Healthcare Updates
Zydus Lifesciences
Zydus Lifesciences, through its UAE-based subsidiary, entered into a strategic partnership with Swiss biopharmaceutical firm Bioeq for the licensing, supply, and commercialisation of Nufymco, a biosimilar to Lucentis, in the US market. The product has received approval from the US Food and Drug Administration, marking a key regulatory milestone.
Emcure Pharmaceuticals
Emcure Pharmaceuticals received an Establishment Inspection Report from the US FDA for its manufacturing facility in Gujarat. The inspection was classified as No Action Indicated, indicating satisfactory compliance with regulatory standards and no observations requiring corrective action.
Ajanta Pharma
Ajanta Pharma entered into an in-licensing agreement with Biocon for semaglutide, a GLP-1 receptor agonist. Under the arrangement, Ajanta will receive exclusive and semi-exclusive marketing rights across select countries in Africa, the Middle East, and Central Asia, subject to regulatory approvals.
Godfrey Phillips India
Godfrey Phillips filed an insurance claim amounting to approximately ₹344 crore related to losses arising from a fire incident at a third-party tobacco processing and storage facility in Andhra Pradesh, where the company’s inventory was housed.
Corporate Actions, Capital Allocation and Governance
Ola Electric Mobility
Ola Electric disclosed that its subsidiary approved the allotment of optionally convertible redeemable preference shares worth ₹100 crore as part of internal capital structuring. The company also confirmed that proceeds from recent promoter share monetisation were used to repay debt, resulting in the release of all promoter-level share pledges.
Spandana Sphoorty Financial
Spandana Sphoorty approved the private placement and allotment of non-convertible debentures aggregating ₹415 crore. The issuance strengthens the company’s funding base and supports ongoing lending operations.
Supreme Petrochem
Supreme Petrochem clarified that only its newly commissioned mABS unit at Amdoshi is temporarily shut due to equipment malfunction, while other polymer manufacturing facilities at the location continue to operate normally.
PhysicsWallah
The education technology company’s subsidiary acquired land in Ranchi to support future expansion plans, reflecting continued investment in physical infrastructure alongside digital delivery models.
Bulk and Block Deal Activity
Belrise Industries
Belrise Industries saw significant shareholding changes through bulk deals, with institutional investors acquiring stakes while a promoter entity exited its holding. The transactions were executed at market-disclosed prices.
Restaurant Brands Asia
Restaurant Brands Asia witnessed partial stake sales by an institutional investor through multiple market transactions, resulting in changes in public shareholding.
TV Today Network
TV Today Network recorded a block transaction where a promoter entity acquired shares, while a mutual fund reduced its stake through corresponding sales.
Listings and Scheduled Corporate Actions
Market Listings
Marc Technocrats and Global Ocean Logistics India are scheduled for SME listings, expanding investor options in the small and medium enterprise segment.
Ex-Date Announcements
Several companies are scheduled to trade ex-date for bonus issues, buybacks, and dividends, including GRM Overseas, Nectar Lifesciences, and Prakash Pipes.
Conclusion
The share market today reflects a wide spectrum of verified corporate developments, ranging from global policy shifts affecting the IT sector to large domestic infrastructure contracts, renewable energy investments, regulatory clearances in pharmaceuticals, and capital market transac
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