Stocks To Watch Today: Vodafone, NBCC, Hyundai Motor India, Blue Dart To Remain In Focus On January 1

Stocks To Watch Today, January 1, 2026: Indian equities are set for an active session, with a mix of weak earnings, large order inflows, stake reshuffles, regulatory actions and top-level management changes shaping stock-specific action. The Nifty futures, or GIFT Nifty, are trading higher by 56 points or 0.22% at 26,332, indicating a gap-up opening.

Earnings in focus

Jindal Poly Films posted a sharp deterioration in its consolidated performance for the quarter, slipping into a loss of Rs 12.8 crore compared with a profit of Rs 116.6 crore a year ago. Revenue declined steeply by nearly 64% year-on-year to Rs 410.4 crore, while other income also fell sharply, reflecting pressure across key operating metrics.

Leadership and appointments

Shares of

Canara Bank may react to a change at the top. The Centre has assigned additional charge of Managing Director and CEO to Hardeep Singh Ahluwalia for three months from January 1, following the superannuation of K Satyanarayana Raju. Ahluwalia is currently serving as Executive Director at the bank.

At Hyundai Motor India, Unsoo Kim has stepped down as Managing Director and Director with effect from December 31. Shareholders have approved the appointment of Tarun Garg as the new Managing Director and CEO from January 1, 2026.

Take Solutions will also be watched after Vedamirtham Venkatesan resigned as Whole-Time Director and CFO with effect from December 31.

Corporate actions and restructuring

Vodafone Idea is in focus after it reached an amended agreement with Vodafone Group promoters relating to the contingent liability adjustment mechanism dating back to the Vodafone-Idea merger. The company is set to receive Rs 5,836 crore under the revised terms, of which Rs 2,307 crore is scheduled to be released over the next 12 months. Part of the amount is secured through earmarked equity shares, providing additional comfort to investors.

Promoter activity will drive interest in Berger Paints India after UK Paints (India) acquired a 14.48% stake from Jenson & Nicholson (Asia), lifting the promoter holding to 64.57% as part of a restructuring exercise.

Order wins and business updates

NBCC (India) has bagged three orders worth Rs 220.31 crore from Canara Bank and Navodaya Vidyalaya Samiti. The largest component is a Rs 163.12 crore contract for construction of Canara Bank’s head office annex building in Bengaluru.

NCC reported fresh order inflows of Rs 1,237.24 crore in December 2025, with a majority coming from the buildings segment and the rest from transportation projects.

Great Eastern Shipping Company has agreed to acquire a second-hand medium-range tanker of around 51,565 DWT. The vessel, built in South Korea in 2013, is expected to be inducted into the fleet in the fourth quarter of FY26.

Indian Railway Finance Corporation executed a rupee term loan agreement of Rs 5,000 crore with Maharashtra State Power Generation Company, with Rs 3,000 crore already disbursed.

Regulatory and tax-related developments

Redington received a tax demand order of Rs 148.33 crore from the CGST Gurugram Commissionerate relating to multiple financial years, which could weigh on sentiment.

In contrast, Blue Dart Express saw major relief after tax authorities substantially reduced a demand raised against its subsidiary, Blue Dart Aviation. Of the earlier proposed demand exceeding Rs 420 crore, most issues were set aside, with the revised liability already discharged to avoid prolonged litigation.

M&A and strategic investments

Adani Enterprises will be watched after its subsidiaries acquired a 39% effective stake in Flight Simulation Technique Centre at an enterprise value of Rs 820 crore. The acquisition strengthens Adani’s presence in aviation training, with FSTC being approved by both Indian and European aviation regulators.

Ola Electric Mobility is also on the radar following the resignation of Vishal Chaturvedi, Business Head – Cell and part of senior management, due to personal reasons.

Bulk and block deals

Privi Speciality Chemicals saw heavy institutional activity, with SBI Mutual Fund significantly increasing its stake, while a promoter entity pared holdings. The counter is likely to remain active amid the sharp reshuffle in shareholding.

In Ceigall India, HDFC Mutual Fund picked up shares through its Balanced Advantage Fund, even as Pine Oak Global Fund exited a portion of its holding.

Vishnu Prakash R Punglia witnessed a stake sale by members of the promoter family, partially offset by buying from Jaliyan Commodity.

Swan Corp featured in block deals, with Jupiter India-focused funds acquiring shares, while Jainam Broking exited an equivalent quantity.

Corporate action

Avasara Finance will trade ex-date for its rights issue, making it another stock to track during the session.