Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
Stocks to Watch
The Board has approved the 4.8 MTPA capacity expansion at Neelachal Ispat Nigam (NINL), which is Phase 1 of the capacity expansion at NINL and will enable Tata Steel to further strengthen its long-products portfolio.
The Board has also approved the plan to set up a 0.7 MTPA Hot Rolled Pickling and Galvanizing Line (HRPGL) at its existing Cold Rolling Complex in Tarapur, Maharashtra.
Additionally, the Board approved the acquisition of a 50.01% equity stake in Thriveni Pellets (TPPL) from Thriveni Earthmovers (TEMPL) for Rs 636 crore.
The company’s subsidiary, Lloyds Global Resources FZCO (LGRF), has received Board approval to enter into an arrangement to acquire a 50% equity stake in Nexus Holdco FZCO for up to $55 million. Nexus holds approximately 80–90% equity stake in Surya Mines SARL and eight other companies incorporated in the Democratic Republic of the Congo, which collectively hold various mining concessions and a copper processing plant.
The Board has also approved entering into a non-binding Memorandum of Understanding (MoU) with Tata Steel to explore potential cooperation in areas such as raw material mining, logistics, pellets, and steelmaking.
Adani-Ashoka-Aakshaya (a joint venture in which Adani Road Transport Limited holds 51% as lead member, Ashoka Buildcon holds 26%, and Aakshaya Infra Projects holds 23%) has received a Letter of Acceptance for the Mithi River Development and Pollution Control Project worth Rs 1,815.79 crore from the BMC.
The company’s subsidiary, Starworth Infrastructure & Construction, has received a Letter of Acceptance worth Rs 509.52 crore for turnkey civil construction, finishes, MEP, and external development for Varnam Phase 1 at the One Bangalore Luxury Project (OBLP) in Bengaluru Rural District, Karnataka.
The company has signed a loan agreement to borrow secured rupee term loans of Rs 6,000 crore each, aggregating to Rs 12,000 crore, from the consortium of State Bank of India (SBI) and Bank of Baroda. The loan will be utilised for financing the petrochemicals project comprising 750 KTPA of Propane Dehydrogenation (PDH) and 500 KTPA of Polypropylene (PP), including propane and ethane handling facilities at Dahej, Gujarat.
The company has closed its rights issue worth up to Rs 24,930.30 crore. The issue opened on November 25.
Life Insurance Corporation of India
The Corporation has received a notice from the Deputy Commissioner of State Tax, Mumbai, demanding GST of Rs 2,370.34 crore, including interest and penalty, for financial years 2021–22 to 2023–24. The financial impact corresponds to the GST, interest, and penalty demanded.
Svetlana Boldina will cease to be the Executive Director – Finance & Control and Chief Financial Officer of the company effective January 31, 2026, as she will be taking up a new assignment with a Nestlé affiliate. Her successor will be announced in due course.
Additionally, Jagdeep Singh Marahar has been nominated to succeed Satish Srinivasan as Whole-time Director effective June 1, 2026. As part of the transition plan, Marahar will be designated as Head – Technical (Senior Management Personnel) effective May 1, 2026.
The company’s subsidiaries, Prestige Falcon Realty and Prestige Projects, have acquired partnership interest in Bharatnagar Buildcon LLP for Rs 938.75 crore. With this acquisition, the company now indirectly holds 66.93% partnership interest in Bharatnagar Buildcon LLP.
The Brazilian Navy and the Indian Navy, in association with Mazagon Dock Shipbuilders, have entered into an MoU for the exchange of information related to the maintenance of Scorpène-class submarines and other military ships.
Bank of Baroda has received approval from the Reserve Bank of India (RBI) to establish a Section 8 Company under the Companies Act for the Digital Payments Intelligence Platform. The approval is subject to the exemption granted by the Department of Financial Services, Ministry of Finance.
The company has signed a Memorandum of Understanding (MoU) with Bayer Crop Science to jointly explore opportunities to strengthen India’s agriculture ecosystem through innovation, sustainability, and farmer-centric solutions. The MoU establishes a strategic framework for collaboration across areas such as agri-inputs, digital advisory, sustainable farming practices, and value-chain strengthening.
The company has commenced the first phase of commercial production for LT/HT cables at its greenfield unit in Ahmedabad.
The company has launched Yurpeak (tirzepatide), a once-weekly injectable therapy for managing obesity and type 2 diabetes mellitus (T2DM) in India. Cipla has the rights to distribute and promote Yurpeak — the second brand of Lilly’s tirzepatide in India, after the company received DCGI approval.
State Bank of India has received approval from the Reserve Bank of India (RBI) to establish a Section 8 Company under the Companies Act for the Digital Payments Intelligence Platform. The approval is subject to the exemption granted by the Department of Financial Services to SBI.
The company has received the order of the Securities Appellate Tribunal (SAT), which has dismissed the appeal filed by Sahara India Life Insurance Company against the IRDAI order dated June 2, 2023. The SAT has upheld the IRDAI directive for the immediate transfer of all policyholder-related assets and liabilities of Sahara India Life Insurance Company to SBI Life Insurance Company.
Block Deals
TotalEnergies Renewables Indian Ocean, a subsidiary of global energy company TotalEnergies, has sold 2.86 crore equity shares (1.7% stake) in Adani Green Energy to 17 investors for Rs 2,778.09 crore via block deals. The transaction price was Rs 970 per share.
Quant Mutual Fund was the largest buyer, acquiring 1.23 crore shares (0.75% stake) for Rs 1,200 crore.
The remaining 1.62 crore shares, worth Rs 1,578.09 crore, were acquired by 16 other investors, including BNP Paribas Financial Markets, Edelweiss Mutual Fund, Vanguard Emerging Markets Shares Index Fund, Amity Holdings, Cohesion MK Best Ideas, Visaria Family Trust, and Authum Investment.
SME Listing
Luxury Time
Western Overseas Study Abroad
Stocks in F&O ban
Bandhan Bank
Sammaan Capital
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