{"id":"f-80ae245e0c-db906023-9de2-5609-8def-2642d4d8fbf0","title":"Stocks To Watch: IndiGo, Ola Electric, Vedanta, HDFC Bank, IndusInd Bank, NBCC, And Others","description":"Stocks to watch: Shares of firms like IndiGo, Ola Electric, Vedanta, HDFC Bank, IndusInd Bank, NBCC, and others will be in focus on Wednesday's trade","timestamp":1765975489,"category":"business","headline":"Stocks To Watch: IndiGo, Ola Electric, Vedanta, HDFC Bank, IndusInd Bank, NBCC, And Others","modifiedHeadline":"Stocks To Watch Include IndiGo And HDFC Bank","subCategories":["scid_0f705da1"],"region":"IN","bundleMetaData":{"bundleId":"ece1ae3d-908e-48c7-9e53-a4aa910ee4db","bundleTitle":"Grow Your Money","cardData":null},"iabCategoryId":"68","fcSummary":"Indian markets closed lower amid consolidation outlook. Stocks in focus include Akzo Nobel India, IndiGo, Ola Electric, Vedanta, Indian Overseas Bank, HDFC Bank/IndusInd Bank, Tata Power, Glenmark Pharma, NBCC, Niraj Cement and Ahluwalia Contracts.","summary":"Watch today: IndiGo, Ola Electric, Vedanta, HDFC & IndusInd Bank, & NBCC shares in focus amid key market activity. Stay updated!","ctaUrl":"https://trends.glance.com/newz/news/IN/en/news18/f-80ae245e0c-db906023-9de2-5609-8def-2642d4d8fbf0","sourceUrl":"https://www.news18.com/business/markets/stocks-to-watch-indigo-ola-electric-vedanta-hdfc-bank-indusind-bank-nbcc-and-others-9774723.html","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/noOSnU3f0bn0.webp","content":"

Stocks to Watch on December 17: Markets traded in a narrow range on the weekly expiry day and closed lower, tracking weak global and domestic cues. Analysts continue to maintain a consolidation outlook

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on the Nifty. However, sustained weakness in the rupee could widen the trading range and potentially drag the index below the previous swing low near 25,700.

“On the upside, the 26,000–26,100 zone remains a key hurdle. In the current environment, we continue to recommend a stock-specific trading approach, with a preference for hedged positions given the prevailing volatility and choppy market conditions,” said Ajit Mishra, SVP – Research, Religare Broking.

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Akzo Nobel India: Promoter Imperial Chemical Industries is likely to sell up to a 9 per cent stake in Akzo Nobel India through a block deal. The offer size is estimated at Rs 1,290.6 crore, with a floor price of Rs 3,150 per share, according to reports.

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IndiGo: A Public Interest Litigation (PIL) has been filed in the Delhi High Court seeking directions to the Centre and IndiGo airline to compensate passengers at four times the full ticket price for flights cancelled in November and December following the implementation of the new Flight Duty Time Limitation (FDTL) rules.

Ola Electric: Founder and promoter Bhavish Aggarwal has partially monetised his personal shareholding to fully repay a promoter-level loan of ₹260 crore. This move will result in the release of all previously pledged shares, amounting to 3.93 per cent, thereby removing a key investor overhang.

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Vedanta: The Mumbai bench of the National Company Law Tribunal (NCLT) on Tuesday approved Vedanta Limited’s demerger plan, clearing the path for the group to split into five separate, sector-focused businesses. The order was passed by Judicial Member Nilesh Sharma and Technical Member Charanjeet Singh, with the detailed ruling yet to be uploaded on the NCLT website.

Indian Overseas Bank: The Department of Investment and Public Asset Management (Dipam) has said the government will launch an offer for sale (OFS) of up to a 3 per cent stake in state-owned Indian Overseas Bank starting Wednesday.

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HDFC Bank / IndusInd Bank: The Reserve Bank of India (RBI) has approved HDFC Bank’s proposal allowing its group entities—HDFC Mutual Fund, HDFC Life Insurance, HDFC ERGO General Insurance, HDFC Pension Fund and HDFC Securities—to collectively acquire up to a 9.5 per cent stake in IndusInd Bank.

Tata Power: The company plans to finalise its proposed 10 GW wafer and ingot project, estimated to cost ₹6,500 crore, by January next year.

Glenmark Pharma: Glenmark Pharmaceuticals has entered into an exclusive licence, collaboration and distribution agreement with Jiangsu Hansoh Pharmaceutical Group Co., Ltd. (Hansoh Pharma) for Aumolertinib, a third-generation Epidermal Growth Factor Receptor Tyrosine Kinase Inhibitor (EGFR-TKI), for the treatment of non-small cell lung cancer (NSCLC).

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NBCC: The company has secured an order worth ₹332.99 crore from IIT Mandi for project management consultancy services, along with another order worth ₹12.05 crore from Kandla SEZ for day-to-day annual maintenance work.

Niraj Cement: The company has bagged a contract valued at ₹130.83 crore from the Public Works Department (PWD) for improvement, upgradation and five-year performance-based maintenance works of Road A21_3: Hamren–Tumpreng–Hojai–Nilbagan–Howraghat–Karkok (Jamuna River district boundary to Karkok), spanning 26.803 km.

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Ahluwalia Contracts (India): The company has received an order worth ₹888.38 crore from the Bihar State Tourism Development Corporation for the construction and overall development of Shri Ram Janmabhoomi Tirtha Kshetra, Ayodhya, at Punauradham, Bihar, to be executed on an EPC basis.

Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.

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Stocks To Watch: IndiGo, Ola Electric, Vedanta, HDFC Bank, IndusInd Bank, NBCC, And Others

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