Stocks to watch today on December 26 are driven by a mix of regulatory scrutiny in the banking sector, takeover activity in the lubricants space, large infrastructure monetisation deals, capacity expansions in cement, and fresh order inflows across renewable energy, logistics, and manufacturing. These developments are shaping sentiment in the share market today ahead of the final trading sessions of the week.
Share Market News – Highlights
- Banking and regulatory developments
- Open offers, divestments and acquisitions
- Infrastructure, roads and EPC transactions
- Energy, utilities and industrial capacity updates
- Pharmaceutical and healthcare updates
- Corporate actions and leadership changes
- Bulk and block deal activity
- Scheduled corporate actions
Banking and Regulatory Developments
IndusInd Bank
IndusInd Bank disclosed that the Serious Fraud Investigation Office (SFIO) has initiated an investigation under the Companies Act and sought information relating to certain internal derivative transactions, balance-sheet items, and accounting of microfinance income. The bank confirmed that it has received formal communication from the SFIO and is extending full cooperation to the investigating authorities.
The disclosure places the lender under regulatory focus, although no conclusions have been drawn at this stage. The bank has stated that it is supporting the inquiry process in line with statutory requirements.
Vodafone Idea
Vodafone Idea received GST-related penalty orders from tax authorities in Mumbai and Bengaluru, resulting in a combined exposure exceeding ₹83 crore. Separately, the company received an order confirming a penalty linked to alleged additional licence fee and spectrum usage charges for FY19.
Open Offers, Divestments and Strategic Transactions
Castrol India
Motion JVCo, along with Stonepeak-backed entities and CPP Investment Board affiliates, announced an open offer to acquire up to 26% equity in Castrol India at ₹194.04 per share. The open offer follows an indirect acquisition that triggered mandatory takeover obligations under SEBI regulations.
The acquirers intend to purchase up to 25.71 crore equity shares through the offer, subject to shareholder participation and regulatory conditions.
Lenskart Solutions
Lenskart Solutions approved overseas investments through its Singapore subsidiary, which sanctioned capital deployment to acquire minority stakes in optical technology firms in South Korea and the broader Asia-Pacific region. The transactions are aimed at strengthening access to advanced eye-testing and lens-cutting machinery.
Infrastructure, Roads and EPC Monetisation
KNR Constructions
KNR Constructions executed share purchase agreements with Indus Infra Trust to divest its entire shareholding, including sub-debt exposure, in four road special purpose vehicles. The transaction values the deal at approximately ₹1,543 crore.
As part of the arrangement, KNR will reinvest a defined amount into the SPVs through equity and sub-debt while receiving sale proceeds and surplus cash flows that will be upstreamed to the parent company in a structured manner.
NBCC (India)
NBCC signed a memorandum of understanding with the Mumbai Port Authority for the development of the CGO Complex on around 25 acres of port land. The project will be executed on a deposit work basis, with NBCC acting as project management consultant and executing agency.
Vikran Engineering
Vikran Engineering secured an EPC contract worth approximately ₹459 crore from NTPC Renewable Energy for a 400 MW AC solar power project in Uttar Pradesh. The project will be executed on a balance-of-system basis within a stipulated timeline.
Energy, Utilities and Industrial Capacity Expansion
UltraTech Cement
UltraTech Cement commissioned additional cement capacity of 1.8 million tonnes per annum, including expansions at its units in Maharashtra and Rajasthan. Following the commissioning, the company’s domestic grey cement capacity has increased to 188.66 mtpa, while global capacity now stands at over 194 mtpa, including overseas operations.
Gujarat Gas
Gujarat Gas announced a change in leadership with the resignation of its Managing Director following his appointment to a senior government role. The Gujarat government has approved the appointment of a new Managing Director to ensure continuity in operations.
AVG Logistics
AVG Logistics entered into a memorandum of understanding with Baidyanath LNG to explore the adoption of LNG-powered transportation solutions across high-volume logistics sectors such as steel, cement, FMCG, and industrial goods.
Pharmaceutical and Healthcare Updates
Panacea Biotec
Panacea Biotec received an amendment to its existing supply contract from UNICEF for its WHO pre-qualified pentavalent vaccine. The revised agreement increases allocation values for calendar years 2026 and 2027 and includes an additional award for future supply.
Strides Pharma Science
Strides Pharma Science underwent a routine current Good Manufacturing Practices inspection by the US Food and Drug Administration at its US formulations facility. The inspection concluded with the issuance of procedural observations, with no anticipated impact on commercial product supply.
Zota Health Care
Zota Health Care raised ₹350 crore through a qualified institutional placement, issuing equity shares to a group of institutional investors. The capital raised will support the company’s growth plans and balance sheet strengthening.
Corporate Actions and Operational Updates
Ola Electric Mobility
Ola Electric received a sanction order for incentives amounting to ₹366.78 crore under the Production Linked Incentive scheme for automobiles and auto components for FY25. The company stated that the incentives relate to verified claims under the scheme framework.
SEAMEC
SEAMEC confirmed that its vessel SEAMEC III has commenced work on the second phase of offshore pipeline replacement and related projects, marking the continuation of contracted marine operations.
Supreme Industries
Supreme Industries received a repeat order from Bharat Petroleum Corporation for the supply of approximately two lakh composite LPG cylinders. The order, valued at about ₹54 crore, is valid for an initial six-month period with an extension option.
Bulk and Block Deal Activity
Belrise Industries
Belrise Industries saw significant shareholding changes through bulk transactions, with institutional investors acquiring equity stakes while a promoter entity exited its holdings. The trades were executed at disclosed market prices.
Restaurant Brands Asia
Restaurant Brands Asia recorded stake sales by an institutional investor through multiple block transactions, resulting in changes in its public shareholding structure.
Capital Infra Trust
Capital Infra Trust units changed hands through a block deal involving an institutional buyer and a selling fund, reflecting portfolio rebalancing activity.
Scheduled Corporate Actions
Several companies are scheduled to trade ex-date for corporate actions, including bonus issues, rights issues, stock splits, and spin-offs. These events are part of routine corporate processes and have been communicated through exchange filings.
Conclusion
The share market today reflects a broad range of confirmed corporate developments, including regulatory probes in banking, takeover activity in consumer lubricants, infrastructure monetisation, cement capacity expansion, renewable energy EPC orders, and pharmaceutical supply agreements. These verified disclosures collectively define the key stocks to watch today on December 26, presented in a neutral, factual, and SEBI-compliant manner without speculation or forward-looking assumptions.
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