Stocks to Watch: Indusind Bank, Indigo, Ola Electric, Ril, Vedafone idea, NBCC, and Others

Stocks to watch

Stocks to Watch on December 26: Markets remained subdued for a second straight session on Wednesday, ending marginally lower and signalling continued consolidation after the recent rally. Analysts said the broader undertone remains positive and advised a “buy-on-dips” strategy as long as the Nifty sustains its prevailing uptrend.

“For fresh momentum, stronger participation from the banking index will be crucial, with a decisive breakout above the 59,500 level likely to trigger the next leg of the up move,” said Ajit Mishra, SVP – Research at Religare Broking.

IndiGo

IndiGo said its operations have fully stabilised since December 9 and that it is steadily adding capacity in line with government guidelines. The airline is currently operating around 2,100–2,200 flights and carrying over one million passengers every three days.

IndusInd Bank

The Serious Fraud Investigation Office (SFIO) has initiated a probe into alleged irregularities in the bank’s derivatives trading portfolio. The lender informed stock exchanges that it has received communication from the agency. The development could weigh on investor sentiment around the stock.

Reliance Industries

Reliance Industries has resumed purchases of discounted Russian crude, sourcing barrels from non-sanctioned suppliers and routing them to its Gujarat refinery, according to a Bloomberg report. The move could help offset a sharp decline in India’s Russian oil imports this month.

Ola Electric

Ola Electric said it has received government approval for the release of Rs 366.78 crore in incentives under the PLI scheme for automobiles and auto components, a development likely to draw investor interest.

Vikran Engineering

The company secured an EPC contract worth Rs 459 crore from NTPC Renewable Energy for a 400 MW AC grid-connected solar power project at Chitrakoot-1 in Uttar Pradesh, strengthening its order book.

Castrol India

Canada Pension Plan Investment Board and US-based private equity firm Stonepeak will make an offer to acquire up to a 26% stake in Castrol India after agreeing to buy the company from parent BP, a move expected to support long-term growth.

Vodafone Idea

The telecom operator said it has received two GST penalty orders from authorities in Mumbai and Bengaluru, with a combined potential liability exceeding Rs 83 crore.

Lenskart Solutions

The company’s Singapore arm approved an investment of KRW 3 billion (Rs 186 million) to acquire a 29.24% stake in South Korea-based optical machinery firm iiNeer Corp.

Adani Power

Adani Power raised its long-term installed capacity target to 41.87 GW by FY32 and announced capital expenditure of around Rs 2 lakh crore, outlining one of the most aggressive private-sector expansion plans in the thermal power space.

UltraTech Cement

The company said it has commissioned 1.8 mtpa of new capacity, including 0.6 mtpa at its Dhule unit in Maharashtra and 1.2 mtpa at its Nathdwara plant in Rajasthan.

KNR Construction

KNR Construction entered into share purchase agreements with Indus Infra Trust to divest its entire stake in four road SPVs for a total value of Rs 1,543.19 crore, including a sale consideration of Rs 1,398.65 crore.

NBCC

NBCC signed an MoU with the Mumbai Port Authority to develop the CGO Complex on 25 acres of port land in Mumbai, where it will act as the project management consultant and executing agency.

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