Stocks To Watch: Ola Electric, Jio Financial, Vedanta, NTPC, Titagarh Rail, And Others

Stocks to Watch On December 18: Equity markets remained volatile and closed with a marginal decline, in line with the ongoing corrective phase. Going ahead, analysts expect choppy trade to continue amid persistent currency fluctuations and mixed global cues.

Ajit Mishra, SVP – Research at Religare Broking, said the broader trend indicates continued consolidation around key levels. Support is placed near the recent swing low of 25,700, and a decisive break below this could accelerate selling pressure towards 25,450. On the upside, immediate resistance is seen in the 25,950–26,050 zone.

Jio Financial

Jio Financial informed exchanges that its board, on the recommendation of the Nomination and Remuneration Committee, has approved the appointment of Venkata Peri

as Group Chief Operating Officer. He will form part of the Senior Management Personnel, effective December 22.

Ola Electric

Founder and promoter Bhavish Aggarwal has sold an additional 4.2 crore shares through open market transactions on Wednesday.

Larsen & Toubro

Engineering major Larsen & Toubro announced that it has secured multiple high-value orders, including a contract to construct a museum in Omkareshwar, Madhya Pradesh.

Cyient

Cyient’s Singapore arm plans to acquire a majority stake of over 65% in US-based Kinetic Technologies for USD 93 million. The transaction is expected to be completed by April 30, 2026.

NTPC

NTPC said it has commenced commercial operations for 243.66 MW of capacity from its 1,255 MW solar power project at Khavda in Gujarat.

Indian Overseas Bank

The government has decided to exercise the oversubscription option by offering an additional 7.6 crore shares, representing 0.395% of the bank’s paid-up equity, over and above the base offer of 38.51 crore shares, or 2% of equity, in the offer-for-sale scheduled for December 18.

Titagarh Rail

Titagarh Rail Systems has bagged a Rs 273.24 crore contract from Indian Railways to supply 62 rail maintenance vehicles, along with training, servicing and breakdown assistance.

GMR Power

GMR Power plans to raise over Rs 1,200 crore via a preferential allotment. The proposal includes the issuance of 6.61 crore equity shares to non-promoter investors and 3.30 crore convertible warrants to the promoter group, subject to necessary approvals.

AstraZeneca Pharma

The company has received approval from the Central Drugs Standard Control Organisation to import, market and distribute Datopotamab Deruxtecan (r-DNA origin) in India.

KPI Energy

KP Group has signed a Memorandum of Understanding with the Government of Botswana to jointly develop large-scale renewable power generation, energy storage and transmission infrastructure projects.

ACME Solar

ACME Solar has successfully commissioned 52 MW of capacity from its 100 MW wind power project in Surendranagar, Gujarat.

Vedanta

Vedanta said its proposed demerger is targeted for completion by March 2026 and will result in five independently listed pure-play companies. Chairman Anil Agarwal said each entity will be positioned to scale to the size of the current parent company.

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