Stocks to watch today: IRCTC, Ola Electric, Ambuja Cements and more will be in focus
Several developments have been announced related to various companies that are listed in the Indian stock exchanges. There are developments frelated to acquisitions, significant orders, and changes in management and corporate structure. Let's find out which stocks investors might be keeping an eye on today.
Kolkata: The Indian equity markets got a shot of adrenaline on Monday, Dec 22, when the Sensex and Nifty jumped by more than 75 basis points. At close of trade Sensex 30 was at 85,567.48, up 638.12 points or 0.75%, while Nifty 50 stopped at 26,172.40, up 206.00 points of 0.79%. Metal and IT stocks saw the biggest gains on Dec 22. Bank and pharma stocks also jumped. Today, investors will be watching to see if the Nifty crosses the 26200 level. Today, on Dec 23, a number of stocks including IRCTC, Ola Electric, Ambuja Cements will be under watch of the investors. Let's find out why.
Stocks in focus on Tuesday, Dec 23
IRCTC: This share will not be traded in the F&O segment from February 25, 2026. However, existing contracts expiring in December 2025, January 2026, and February 2026 will continue to trade until their scheduled dates, and new strikes will also be available for these months.
HCL Tech: HCLTech's software unit, HCLSoftware, has announced its intention to make a major acquisition. The company will acquire Cloud Software Group's business unit Jaspersoft for approximately $240 million. In addition, HCLSoftware is acquiring Belgian AI startup Wobby for €4.5 million.
Antony Waste Handling Cell: The company's subsidiary, Antony Lara Enviro Solutions, has received a contract worth Rs 329.45 crore from the Thane Municipal Corporation. This project is related to a solid waste processing plant in Bhiwandi, Maharashtra.
GPT Infraprojects: The company has received a Rs 670 crore project from NHAI, where it emerged as the L1 bidder in a consortium with ISCPPL. This project is related to the construction of a four-lane elevated road in Jodhpur city.
Saatvik Green Energy: The company's subsidiary, Saatvik Solar Industries, has received an order worth Rs 486 crore from a renowned IPP and EPC player for the supply of solar PV modules.
Prestige Estates Projects: The Prestige Group has acquired 25 acres of land in Medavakkam, Chennai, which can be developed into approximately 50 lakh square feet of built-up area and can generate revenue more thana Rs 5000 crore.
Man Industries: The Income Tax Department's search operation on the company was completed on December 22. The company stated that it fully cooperated and that the operation did not affect its business operations.
Supreme Petrochem: Due to a breakdown in a critical machinery at the company's new mABP plant in Amdoshi, Maharashtra, the plant's operations were temporarily suspended.
Ola Electric Mobility: The company has utilised funds from the monetization of a small portion of the promoter's personal stake to repay debt and interest. Following this, approximately 3.93% of the promoter-level share pledge has been completely released. The promoter group's stake now stands at 34.6%.
Lenskart Solutions: The company's subsidiary, Lenskart Singapore, has approved the acquisition of a 50% stake in Marco Optical of Thailand. Following this deal, Sunrise Thailand will become a joint venture with equal stakes held by Lenskart and Matt Optical.
Vikran Engineering: The company has announced the cancellation of the Letter of Award worth Rs 1642 crore that was received from Carbonminus Maharashtra One. The company claimed that it will not have any big impact on its business or future growth.
Ambuja Cements: The board of Adani Group's Ambuja Cements has approved the merger with ACC and Orient Cement. This merger will create a strong single cement platform. Under the scheme, 328 Ambuja shares will be issued for every 100 ACC shares and 33 Ambuja shares for every 100 Orient Cement shares.
Lloyds Enterprises: The company has announced a corporate restructuring plan for its real estate business. Under this plan, the real estate business will be spun off into a new company called Lloyds Realty and it will be listed separately later.
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