Stocks to watch today on December 19 are influenced by a mix of large-scale acquisitions, leadership restructuring, infrastructure contracts, clean energy partnerships, regulatory developments, and notable promoter and institutional stake transactions. These updates, disclosed through exchange filings and official announcements, are expected to shape attention in the share market today across technology services, telecom, energy, infrastructure, pharmaceuticals, capital goods, logistics, and consumer businesses.
Share Market News – Highlights
- Major acquisitions and strategic investments
- Telecom leadership changes and capital actions
- Energy, clean power and gasification initiatives
- Large infrastructure and EPC contract wins
- Pharmaceutical regulatory and licensing updates
- Bulk and block deal activity
- Corporate governance and operational developments
Major Acquisitions and Strategic Investments
HCL Technologies
HCL Technologies announced that it has signed a definitive agreement to acquire the Telco Solutions business of Hewlett Packard Enterprise for a consideration of $160 million. The acquisition is aimed at strengthening HCLTech’s engineering-led and AI-driven offerings for global communication service providers.
The Telco Solutions unit provides advanced telecom software and services, and its integration is expected to enhance HCLTech’s capabilities across network modernisation, 5G, and cloud-native telecom platforms. The transaction underscores the company’s focus on expanding its presence in the global telecom technology ecosystem.
Reliance Industries
Reliance Industries, through its FMCG arm Reliance Consumer Products, announced the acquisition of a majority stake in Udhaiyams Agro Foods. Udhaiyams is a Tamil Nadu–based heritage food brand known for traditional staples.
With this transaction, Reliance Consumer Products will hold a controlling interest, while the erstwhile promoters will retain a minority stake. The acquisition strengthens Reliance’s growing packaged foods portfolio and deepens its presence in regional branded staples.
Telecom Leadership Changes and Capital Actions
Bharti Airtel
Bharti Airtel announced a series of senior leadership changes as part of a structured succession plan. The Board approved the appointment of Gopal Vittal as Executive Vice Chairman, while Shashwat Sharma will take over as Managing Director and Chief Executive Officer (Airtel India). Both appointments will be effective January 1, 2026, for a five-year term.
In addition, Soumen Ray has been appointed Group Chief Financial Officer, and Akhil Garg will assume the role of Chief Financial Officer for Airtel India, effective the same date.
The Board also approved the first and final call of ₹401.25 per share on outstanding partly paid-up equity shares issued under the rights issue. February 6 has been fixed as the record date to identify shareholders liable to pay the call money.
Bharti Hexacom
Bharti Hexacom approved the appointment of Karthikeyan Velu as Chief Financial Officer, effective January 1, 2026. The appointment follows the resignation of Akhil Garg due to his movement within the Bharti Group.
Energy, Clean Power and Industrial Initiatives
Bharat Petroleum Corporation
Bharat Petroleum Corporation’s Board approved the formation of a joint venture with Coal India to set up a coal gasification project at Western Coalfields in Maharashtra. Under the proposed structure, Coal India will hold a 51% stake, while BPCL will hold 49%.
The project is aimed at supporting cleaner utilisation of coal resources and aligns with India’s broader energy transition and industrial feedstock diversification objectives, subject to regulatory approvals.
Refex Industries
Refex Industries announced that its subsidiary, Venwind Refex Power, has secured a contract to supply wind turbine generators for a 148 MW wind power project. The order has been awarded by a leading independent power producer, strengthening the group’s renewable energy execution portfolio.
Arisinfra Solutions
Arisinfra Solutions signed a strategic memorandum of understanding with JS Infra Solutions to explore collaboration opportunities in the asphalt and road infrastructure materials ecosystem. The partnership focuses on supply-chain integration and material solutions for road development projects.
Infrastructure, EPC and Marine Services Contracts
GPT Infraprojects
GPT Infraprojects, through its joint venture, secured a contract worth ₹1,804.48 crore from the Municipal Corporation of Greater Mumbai for the construction of a flyover along LBS Marg in Mumbai’s eastern suburbs. The company’s share in the project is 26%, translating to approximately ₹469 crore.
The project spans key urban corridors between Kurla and Ghatkopar and is expected to ease traffic congestion once completed.
Niraj Cement Structurals
Niraj Cement Structurals received a work order valued at ₹322.27 crore from the Ministry of Road Transport and Highways. The project involves four-laning of the Ponda–Bhoma section of National Highway 748 in Goa under the EPC mode.
SEAMEC
SEAMEC awarded a Letter of Award worth $3.25 million to Adsun Offshore Diving Contractors. The contract covers diving-related services onboard the vessel SEAMEC III for multiple Oil and Natural Gas Corporation projects, including pipeline replacement and offshore development works.
Pharmaceutical and Healthcare Developments
Biocon
Biocon announced that it has received an Establishment Inspection Report from the US Food and Drug Administration for its Biocon Generics facility in New Jersey. The inspection concluded with a Voluntary Action Indicated (VAI) status, based on a cGMP audit conducted in October.
Lupin
Lupin, through its subsidiaries in the Philippines and Brazil, entered into an exclusive licensing agreement with Italy-based Neopharmed Gentili S.p.A. The agreement grants marketing and promotional rights for the gastroenterology brand Plasil (metoclopramide) in the respective markets.
Glenmark Pharmaceuticals
Glenmark Pharmaceuticals’ subsidiary Glenmark Specialty S.A. signed an exclusive license and distribution agreement with Jiangsu Hansoh Pharmaceutical Group for Aumolertinib, a third-generation EGFR inhibitor used in non-small cell lung cancer treatment. The agreement includes upfront payments, milestone-linked considerations, and tiered royalties.
Bulk and Block Deal Activity
Shree Digvijay Cement Company
Promoter True North Fund VI LLP sold its entire 45.12% stake in Shree Digvijay Cement Company through a bulk deal. The shares were acquired by India Resurgence Fund schemes backed by Piramal Enterprises and Bain Capital Credit at ₹86.7 per share.
Ola Electric Mobility
Ola Electric Mobility witnessed continued promoter stake monetisation, with founder Bhavish Aggarwal selling additional shares through block deals. The proceeds were used to repay promoter-level loans and release pledged shares, according to company disclosures.
SG Finserve
SG Finserve saw promoter entity S Gupta Holding acquire an additional 0.53% stake through a bulk transaction, adding to the stake purchased in the previous session.
Corporate Operations, Listings and Compliance Updates
TD Power Systems
TD Power Systems announced that its Unit-3 manufacturing facility has been established and has commenced commercial operations, expanding its production capacity.
Mishra Dhatu Nigam
Mishra Dhatu Nigam secured an order worth ₹121.75 crore, taking its total open order book to approximately ₹2,520 crore.
InterGlobe Aviation
The Competition Commission of India has taken cognisance of complaints related to recent flight disruptions involving InterGlobe Aviation. The matter will proceed under the provisions of the Competition Act, 2002.
Market Listings and Corporate Actions
ICICI Prudential Asset Management Company is scheduled for mainboard listing, while several SME listings and corporate action ex-dates, including bonus, split, dividend and buyback events, are also lined up during the session.
Conclusion
The share market today will closely track developments such as HCL Technologies’ telecom acquisition, Bharti Airtel’s leadership restructuring, Reliance Industries’ FMCG expansion, large urban infrastructure contracts, clean energy initiatives, pharmaceutical regulatory updates, and high-value promoter stake transactions. These developments collectively define the key stocks to watch today on December 19, based strictly on verified disclosures without any forward-looking assumptions.
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