Stocks To Watch: Ola Electric, Swiggy, Waaree, Coal India, BPCL, HCL Tech, Bharti Airtel, And Others

Stocks to Watch on December 19: Markets traded with a cautious bias on Thursday and ended flat, extending the ongoing consolidation phase. Analysts said investor sentiment continues to be shaped by global

cues and currency-related concerns.

From a technical standpoint, the Nifty managed to hold on to the crucial support near the previous swing low around 25,700. This level remains key to watch in the next session, as a decisive breakdown could trigger further correction.

Ola Electric Mobility
Ola Electric promoter Bhavish Aggarwal on Thursday divested an additional 2.83 crore shares through a bulk deal, marking the third consecutive session of stake sales. The shares were sold at Rs 31.60 apiece, valuing the transaction at Rs 90.27 crore, as per exchange data.

Swiggy, Waaree Energies, Premier Energies and Bajaj Holdings & Investment
Shares of Swiggy, Waaree Energies, Premier Energies and Bajaj Holdings & Investment are set to be in focus on Friday after the NSE announced their inclusion in the Futures & Options (F&O) segment with effect from December 31.

Bharat Petroleum Corporation, Coal India
Bharat Petroleum Corporation said on Thursday that its board has approved the formation of a joint venture with Coal India to set up a coal gasification project at Western Coalfields in Maharashtra, subject to requisite regulatory approvals.

HCL Tech
IT services firm HCL Tech Ltd announced on Thursday that it has entered into an agreement to acquire the telecommunications solutions business of Hewlett Packard Enterprise (HPE).

Bharti Airtel
Telecom major Bharti Airtel said its board has approved the first and final call of Rs 401.25 per share—comprising a premium of Rs 397.50—on 39.23 crore outstanding partly paid-up equity shares.

Shriram Finance
Shriram Finance said its board will meet on Friday to consider raising capital through a potential stake sale.

Vodafone Idea
Vodafone Idea Ltd (Vi) on Thursday said its subsidiary, Vodafone Idea Telecom Infrastructure Limited (VITIL), has raised Rs 3,300 crore through the issuance of unlisted, unrated, secured non-convertible debentures (NCDs).

Reliance Industries
Reliance Industries’ FMCG arm, Reliance Consumer Products, has acquired a controlling stake in Udhaiyam Agro Foods Private Limited, adding the Tamil Nadu-based legacy nutrition brand Udhaiyam to its portfolio.

Aditya Birla Fashion and Retail
Aditya Birla Fashion and Retail Ltd (ABFRL) said on Thursday that the Deputy Commissioner of State Tax, Mumbai, has passed an order imposing a tax demand on the company after completing audit proceedings.

Lupin
Pharmaceutical major Lupin Ltd announced on Thursday that its subsidiaries in the Philippines and Brazil have entered into an exclusive licensing agreement with Italy-based Neopharmed Gentili S.p.A, granting them rights to market and promote the gastroenterology brand Plasil in their respective markets.

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