Stocks To Watch: Infosys, Tata Steel, SBI, Coal India, Maruti Suzuki, Vedanta, And Others

Stocks to Watch on Monday, December 22: Markets rebounded on Friday after the recent decline, tracking favourable global cues. From a technical perspective, analysts noted that the Nifty has once again

reclaimed its short-term moving average, the 20-day DEMA, around the 25,950 level. However, sustaining above this zone will be crucial for the index to move towards the 26,050–26,200 range.

“In the current setup, a stock-specific trading approach remains advisable, with preference for sectors showing relatively higher strength such as banking, IT, auto and metals, while remaining selective in other segments,” said Ajit Mishra, SVP–Research, Religare Broking.

Tata Steel
The company said it has invested Rs 1,354.94 crore in its wholly owned overseas subsidiary, T Steel Holdings Pte Ltd, through an equity share subscription. Tata Steel purchased 149 crore shares at a face value of USD 0.1008 each, and the subsidiary will remain fully owned after the transaction.

SBI
State Bank of India Chairman C S Setty said on Saturday that the bank will reassess its policy on construction finance for residential real estate, while stressing that accountability and transparency will be key factors in determining interest rates on such loans.

Maruti Suzuki
Maruti Suzuki said it will enter the domestic electric car market only with a “complete solution” for consumers, while Hyundai Motor India is sharpening its focus on aspirations, accessibility and cleaner technology in line with evolving customer preferences.

Coal India
Experts said coal’s share in India’s energy mix is expected to decline to 30–35 percent by 2047, with responsible use of the fossil fuel remaining critical for future development. Coal currently accounts for about 70 percent of India’s electricity mix. India produced over one billion tonnes of coal in FY25, with coal-based power contributing 72 percent to total electricity generation.

Infosys
Infosys ADRs hit a fresh 52-week high of USD 30 on Friday after rallying 40 percent, triggering two trading halts as extreme volatility disrupted the session.

Piramal Finance
Piramal Finance will sell its entire 14.72 percent stake in Shriram Life Insurance Company to Sanlam Emerging Markets (Mauritius) for Rs 600 crore, implying a valuation of around Rs 4,000 crore for the insurer.

Indian Hotels
The board approved entering into a Sale and Purchase Agreement for the divestment of 1.6 crore equity shares, representing a 25.52 percent stake, in Taj GVK Hotels & Resorts (TajGVK).

RITES
The state-owned engineering and consultancy firm said it has signed an MoU with the Botswana government to support the development and modernisation of the country’s railway and transport infrastructure.

ICICI Prudential AMC
The company has filed draft papers with SEBI seeking approval to launch a specialised investment fund under the regulator’s newly introduced framework.

Kotak Mahindra Bank
The Reserve Bank on Friday imposed a monetary penalty of Rs 61.95 lakh on Kotak Mahindra Bank for non-compliance with norms related to basic savings bank deposit accounts, business correspondents and credit information companies.

Vedanta
Fitch Ratings upgraded Vedanta Resources’ outlook to positive, citing progress in deleveraging, stronger liquidity and improved earnings visibility.

Tata Chemicals
Tata Chemicals said its wholly owned subsidiary, Tata Chemicals International Pte Ltd, has signed a share purchase agreement to acquire 100 percent equity in Singapore-based Novabay Pte Ltd, a manufacturer of premium-grade sodium bicarbonate.

Granules India
The US Food and Drug Administration has completed a Good Manufacturing Practices and Prior Approval Inspection at the company’s Hyderabad-based subsidiary, Granules Life Sciences, and issued five procedural observations.

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