Stocks to Watch Today, December 24: Tata Motors, Biocon, Federal Bank, NHPC in Focus

Stocks to Watch Today, December 24: Tata Motors, Biocon, Federal Bank, NHPC, Coal India Among Key Movers

Domestic equity markets are expected to witness stock-specific action on Wednesday as several listed companies announced acquisitions, large project wins, strategic investments, regulatory approvals, fund-raising initiatives, and policy developments. Stocks across healthcare, banking, real estate, power, EVs, infrastructure, and renewables are likely to remain in focus.

Key Stocks to Watch Today

Park Medi World
Park Medi World has acquired Agra-based KP Institute of Medical Sciences in an all-cash transaction worth ₹245 crore. The deal strengthens the hospital chain’s footprint in northern India.

Ceigall India
Ceigall India secured a ₹550-crore solar EPC order under the PM-KUSUM scheme in Madhya Pradesh, involving the installation of 130 MW (AC) solar capacity.

Federal Bank
Shares may remain active after the Competition Commission of India approved Blackstone’s proposal to acquire a 9.99% stake via warrants, enhancing the bank’s capital position.

Prestige Estates Projects
The real estate major acquired a 25-acre land parcel in Chennai’s Medavakkam area for a residential project with an estimated revenue potential exceeding ₹5,000 crore.

GAIL (India)
GAIL signed an MoU with the Chhattisgarh government to explore setting up a greenfield gas-based fertiliser plant with a urea production capacity of 12.7 lakh tonnes per annum.

Tata Motors – Passenger Vehicles
Tata Motors announced plans to launch five new electric vehicle models, including those under the Avinya brand, and invest up to ₹18,000 crore by FY30 to retain leadership in the EV segment.

Biocon
Biocon’s biologics arm secured global rights for Hulio, a biosimilar of Adalimumab. Separately, it entered an out-licensing agreement with Ajanta Pharma for its diabetes drug Semaglutide in overseas markets.

Shree Cement
The company has withdrawn the lockout at its Raipur plant after reaching a settlement with workers, resolving the labour dispute.

Union Bank of India
Union Bank reduced home loan rates by 30 basis points and vehicle loan rates by 40 basis points, which could support loan growth.

Vikran Engineering
Vikran Engineering received a ₹2,035-crore turnkey EPC order for developing 600 MW AC solar power projects in Maharashtra.

Belrise Industries
Belrise Industries may see increased activity after SBI Mutual Fund and BlackRock acquired a combined 6.56% stake, while a promoter entity exited its holding.

Bank of India
The bank raised ₹10,000 crore through long-term infrastructure bonds at a coupon rate of 7.23% per annum.

NHPC
NHPC commenced partial commercial operations at its 2,000 MW Subansiri hydropower project, with one unit becoming operational after prolonged delays.

Coal India
Coal India is in focus after its board granted in-principle approval for listing subsidiaries South Eastern Coalfields and Mahanadi Coalfields, subject to regulatory clearances.

Other Stocks in Focus

Endurance Technologies, Rail Vikas Nigam, Godfrey Phillips India, Zydus Lifesciences, Adani Ports & SEZ, Ajanta Pharma, Supreme Petrochem, Spandana Sphoorty Financial, Ola Electric Mobility, and GPT Infraprojects may also remain active due to order wins, regulatory updates, leadership changes, insurance claims, and fund-raising developments.

(Disclaimer: The content above is provided solely for informational purposes and should not be treated as investment advice. SmartInvestment advises readers to consult a qualified financial advisor before making any investment or money-related decisions.)