Stocks to Watch Today – Lupin, BEL, Waaree and Market Highlights December 30

Stocks to Watch Today December 30 covering pharma licensing, defence orders, renewable energy capacity additions and leadership changes

Stocks to watch today on December 30 are shaped by a broad mix of confirmed developments across pharmaceuticals, defence manufacturing, renewable energy, infrastructure execution, and corporate leadership changes. These disclosures form the key reference points for the share market today, as investors track verified announcements rather than forward-looking projections.


Share Market News – Highlights


Key Market-Moving Developments

Lupin

Lupin announced the signing of an exclusive licence, supply, and distribution agreement with China-based Gan & Lee Pharmaceuticals for bofanglutide, a fortnightly glucagon-like peptide-1 (GLP-1) receptor agonist. The injectable therapy is indicated for the treatment of type 2 diabetes and for weight management in overweight or obese patients.

Under the agreement, Lupin will gain rights to commercialise the product in agreed markets, strengthening its metabolic disorder portfolio through an in-licensed molecule.

Bharat Electronics

Navratna defence public sector undertaking Bharat Electronics disclosed that it has secured additional confirmed orders worth ₹569 crore since its previous update earlier in December. The new orders span a mix of defence and non-defence products, including radars, tank overhauls, communication systems, simulators, fire control systems, antenna stabilisation solutions, and security software.

The company stated that these orders also include upgrades, spares, and associated services, adding to its executable order book.

Pharmaceutical and Healthcare Updates

Gujarat Narmada Valley Fertilizers & Chemicals

Gujarat Narmada Valley Fertilizers & Chemicals informed exchanges that T. Natarajan has resigned as Managing Director with effect from December 29, following directions from the Government of Gujarat.

The state government has nominated Rajkumar Beniwal, IAS, as the new Managing Director with immediate effect, in line with statutory and administrative procedures.

Cupid

Cupid received in-principle approval from its board to establish a new fast-moving consumer goods manufacturing facility in the Kingdom of Saudi Arabia. This will mark the company’s first manufacturing unit outside India and is intended to support its FMCG expansion strategy across overseas markets, starting with the Gulf Cooperation Council region.

Defence and Manufacturing Order Inflows

Afcons Infrastructure

Afcons Infrastructure achieved the first tunnel breakthrough under the City and Industrial Development Corporation’s Hetawane Water Supply Scheme in Navi Mumbai. The project is part of CIDCO’s augmentation plan to address rising water demand in fast-developing regions of the city.

The company stated that the project is progressing ahead of schedule and is expected to be completed approximately six months earlier than the originally stipulated timeline.

Gulf Oil Lubricants India

Gulf Oil Lubricants India launched a new premium motorcycle engine oil range under the brand name Gulf Syntrac. The newly introduced products are positioned as 100% fully synthetic lubricants catering to higher-performance two-wheelers.

Infrastructure and Rail Project Updates

Rail Vikas Nigam

Rail Vikas Nigam emerged as the lowest bidder for a project awarded by East Coast Railway, involving the establishment of a wagon periodic overhaul workshop with a capacity of 200 wagons at Kantabanji. The order value stands at ₹201.23 crore, excluding applicable taxes.

The project is part of Indian Railways’ capacity expansion initiatives to improve rolling stock maintenance infrastructure.

Lloyds Engineering Works

The board of Lloyds Engineering Works approved a merger of Lloyds Infrastructure & Construction, Metalfab Hightech, and Techno Industries into the listed entity. The move is aimed at consolidating the group’s engineering, fabrication, and infrastructure operations under a single corporate structure.

Energy and Renewable Capacity Additions

Waaree Energies

Waaree Energies announced that its Whole-Time Director and Chief Executive Officer will step down effective May 15, 2026, to pursue opportunities outside the organisation. The board has approved the appointment of the company’s Director – Operations as Chief Executive Officer-Designate with immediate effect, with full responsibilities commencing from May 16, 2026.

Separately, Waaree’s subsidiary, Waaree Power, commissioned two new solar inverter manufacturing lines at its Sarodhi–Valsad facility in Gujarat. Each line has an annual capacity of 1.525 GW, taking the combined capacity to 3.05 GW, with operations commencing on December 29.

NTPC Green Energy

NTPC Green Energy announced the commencement of commercial operations of an additional 13.98 MW capacity under the Khavda-I Solar PV project. This marks the ninth operational tranche of the 1,255 MW project being executed by NTPC Renewable Energy.

Following this addition, the company’s standalone commercial capacity stands at 7,996.30 MW, while the total installed capacity of the NTPC Green Energy group has increased to 8,010.28 MW.

Corporate Actions and Leadership Changes

Grasim Industries

Grasim Industries’ board approved a composite scheme of arrangement involving multiple Aditya Birla Group entities engaged in renewable energy, engineering, and EPC services. The scheme provides for the transfer and consolidation of renewable energy businesses under Aditya Birla Renewables, subject to regulatory and shareholder approvals.

Timex Group India

Timex Group India informed exchanges that its promoter, Timex Group Luxury Watches B.V. of the Netherlands, has exercised the oversubscription option in its ongoing offer for sale. The decision adds an additional 4.47% equity stake to the base offer size that was announced earlier.

Bulk Deal Activity

Nazara Technologies

Nazara Technologies saw stake transactions through bulk deals, with an institutional investor selling shares in multiple tranches at prices around ₹240 per share. The transactions resulted in a reduction of the investor’s holding from previously disclosed levels.

Entero Healthcare Solutions

Entero Healthcare Solutions recorded a change in shareholding through block trades, with one global institutional investor exiting a portion of its stake while a domestic mutual fund acquired a similar quantity of shares at the same transaction price.

Honasa Consumer

Honasa Consumer disclosed that its promoter acquired an additional equity stake through a market transaction from an existing institutional investor, increasing promoter ownership marginally.

Conclusion

The share market today is guided by confirmed disclosures across pharmaceuticals, defence manufacturing, renewable energy expansion, rail infrastructure development, and board-level changes. These developments collectively define the key stocks to watch today on December 30, presented with a factual, educational, and SEBI-compliant approach focused solely on publicly disclosed information.

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