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Stocks to Watch Today: Coforge, Vedanta, Diamond Power, Solarworld Energy, Timex Group India, Stylam, Vikran Engg, Suzlon in focus on 29 December

Stocks to Watch, 29 December: Stocks like Coforge, Sigachi Industries, Viceroy Hotels, Lloyds Enterprises, Vedanta, Suzlon Energy, Akums Drugs and Pharmaceuticals, Diamond Power Infrastructure, Avantel, Solarworld Energy Solutions, Punjab National Bank, and Timex Group India will be in focus on December 29.
December 29, 2025 / 00:35 IST
Stocks to Watch Today, 29 December

Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, acquisitions, and appointments, here’s a quick look at which stocks will be in focus in today's trade:

Stocks to Watch

Coforge

Coforge has signed a definitive agreement to acquire 100% shares of Encora from Advent International, Warburg Pincus, and other minority shareholders for Rs 17,032.6 crore. The enterprise value of the transaction is $2.35 billion.

The Board has approved the raising of funds of up to $550 million via a qualified institutional placement (QIP), which will be used to repay the term loan in Encora.

Sigachi Industries

Amit Raj Sinha, Managing Director & CEO of the company, was remanded on December 27 in connection with the ongoing investigation relating to the fire incident at the company’s Hyderabad unit in Pashamylaram, which occurred on June 30 this year.

The company has taken all necessary measures to ensure the continuity of its operations and day-to-day activities. In the interim, Lijo Stephen Chacko, Deputy Group CEO, will oversee the company’s operations.

Additionally, the Board will meet on December 31 to consider the raising of funds through the issuance of non-convertible debentures on a private placement basis.

Viceroy Hotels

The shareholders of Viceroy Hotels have approved the acquisition of SLN Terminus Hotels and Resorts for Rs 206 crore.

Lloyds Enterprises

The company has entered into loan agreements to avail financial assistance of Rs 361 crore to meet the balance consideration toward the conversion of warrants of Lloyds Metals and Energy held by the company.

Additionally, the company’s subsidiary, Lloyds Engineering Works, has amended the Share Purchase Agreement originally entered into on July 30, 2024, for the acquisition of the remaining 12% equity stake in Techno Industries.

After completion of the acquisition, Lloyds Engineering Works will hold a 100% stake in Techno Industries.

Vedanta

The company has been declared the successful bidder for the Depo Graphite–Vanadium block under the critical mineral auctions.

The receipt of the successful bidder status for the Depo Graphite–Vanadium block will further strengthen the company’s critical minerals portfolio.

Suzlon Energy

Vivek Srivastava has resigned as the Chief Executive Officer (CEO) – WTG Division of the company, effective December 26.

Akums Drugs and Pharmaceuticals

Rajkumar Bafna, President – Finance, designated as senior management personnel of the company, has resigned from his position effective December 31 due to personal reasons.

Diamond Power Infrastructure

The company has received a letter of intent from Hild Projects, an EPC contractor, for the supply of power cables worth Rs 66.18 crore.

Avantel

The company has received a contract worth Rs 4.16 crore for CAMC of Satcom equipment from the Ministry of Defence, Headquarters Naval Aviation.

Solarworld Energy Solutions

The company has received a letter of award for an engineering, procurement, and construction (EPC) package for the development of a 250 MWac grid-connected solar PV project worth Rs 725.33 crore from NTPC Renewable Energy.

Punjab National Bank

The bank has reported a borrowal fraud of Rs 2,434 crore to the RBI against the erstwhile promoters of SREI Equipment Finance and SREI Infrastructure Finance.

These companies were successfully resolved under the Corporate Insolvency Resolution Process (CIRP) by the NCLT.

Timex Group India

Promoter Timex Group Luxury Watches BV will sell an 8.93% stake in the company via an offer-for-sale (OFS) on December 29–30.

The base issue size of the OFS is 4.47% equity (45.09 lakh shares), with a green shoe option of an additional 4.47% equity stake (45.09 lakh shares). The floor price has been fixed at Rs 275 per share.

NBCC (India)

A settlement has been reached between NBCC (India) and the Government of NCT of Delhi (GNCTD) to resolve the long-pending litigation regarding land admeasuring 42.46 acres in Sultanpur/Ghitorni village, Delhi.

As per the settlement, the total 42.46-acre Ghitorni land will be equally divided between NBCC and GNCTD, resulting in a 21.23-acre share for NBCC.

Further, for this 21.23 acres of land, GNCTD will execute a perpetual lease deed in favour of NBCC.

Vikran Engineering

The company has accepted Letters of Award (LOAs) from MP Urja Vikas Nigam for the implementation of grid-connected solar PV-based power plants with a total capacity of 45.75 MW AC in Vidisha, Madhya Pradesh.

Stylam Industries

Aica Kogyo Company has announced an open offer to acquire up to 44.06 lakh shares (representing a 26% equity stake) in Stylam Industries at Rs 2,250 per share.

Assuming full acceptance of the open offer, the total consideration payable by Aica Kogyo Company will be Rs 991.46 crore.

The Great Eastern Shipping Company

The company has contracted to sell its 2002-built very large gas carrier, Jag Vishnu, of about 77,922 cbm, to an unaffiliated third party. The vessel will be delivered to the new buyer in Q4 FY26.

Bulk Deals

Roadstar Infra Investment Trust

WhiteOak Capital Mutual Fund has bought 1.17 crore units (equivalent to 2.57% of outstanding units) for Rs 70.5 crore at Rs 60 per unit.

However, JC Flowers Asset Reconstruction, the existing shareholder, offloaded 1.2 crore units (a 2.63% stake) in the infrastructure investment trust for Rs 71.99 crore at Rs 59.99 per unit.

Ravelcare

NAV Capital VCC – NAV Capital Emerging Star Fund has acquired 35,000 equity shares for Rs 49.47 lakh at Rs 141.35 per share, while Navbharat Investment Opportunities Fund bought 50,000 shares for Rs 68.22 lakh at Rs 136.45 per share. Additionally, Vineet Arora, the founder of both funds, picked up 35,000 shares for Rs 49.01 lakh at Rs 140.04 per share.

As of December 5, 2025, Navbharat Investment Opportunities Fund held a 1.12% stake, and NAV Capital VCC, through NAV Capital Emerging Star AAICN2612C, held a 2.04% stake in Ravelcare, the beauty and personal care brand.

Stock Trades Ex-Date for Consolidation of Shares

Caspian Corporate Services

Stock in F&O ban

Sammaan Capital

Moneycontrol News
first published: Dec 29, 2025 12:34 am

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