10 Shares That Could Buzz Today
- Sensex and Nifty closed marginally lower amid profit-taking in heavyweight stocks and mixed global cues.
- IndusInd Bank, Ola Electric, Vodafone Idea, Adani Power, and others are in focus due to regulatory, funding, and expansion updates.
- Broader markets remained weak, indicating cautious investor sentiment and stock-specific opportunities.
Indian equity markets ended marginally lower on Wednesday, December 24, as investors booked profits in select heavyweight stocks amid mixed global cues. The subdued trend reflected cautious sentiment, with market participants preferring to stay selective in the absence of strong triggers.
The benchmark Sensex slipped 116 points, or 0.14 percent, to close at 85,408.70, while the Nifty 50 declined 35 points, or 0.13 percent, ending the session at 26,142.10. Broader markets also witnessed mild weakness, with the BSE Midcap index falling 0.37 percent and the Smallcap index easing 0.14 percent.
Market experts noted that the indices remained range-bound for the second consecutive session, indicating consolidation after the recent rally. According to Ajit Mishra, Senior Vice President of Research at Religare Broking, sectoral trends were mixed, with profit-taking seen in select IT, pharma, and FMCG stocks, while realty and metal stocks remained largely flat. The broader market performance suggested selective participation by investors.
Against this backdrop, several stocks are expected to remain in focus in today’s trading session due to company-specific developments.
IndusInd Bank is likely to attract attention after the Serious Fraud Investigation Office (SFIO) initiated a probe into alleged irregularities in the bank’s derivatives trading portfolio. The lender informed stock exchanges that it has received a communication from the investigating agency. The development could weigh on investor sentiment in the near term.
Ola Electric may see movement after the company announced that it has received government approval for the release of Rs 366.78 crore under the Production Linked Incentive (PLI) scheme for automobiles and auto components. The incentive approval is expected to strengthen liquidity and support future growth plans.
Vikran Engineering is also in focus after it secured an EPC contract worth Rs 459 crore from NTPC Renewable Energy. The order is for the development of a 400 MW AC grid-connected solar power project in Uttar Pradesh. The contract is expected to strengthen the company’s order book and provide long-term revenue visibility.
Castrol India could see interest following reports that the Canada Pension Plan Investment Board and US-based private equity firm Stonepeak plan to make an open offer to acquire up to a 26 percent stake in the company. This comes after the investors agreed to acquire Castrol India from its parent company, BP. The move is seen as positive for the company’s long-term growth prospects.
Vodafone Idea remains under watch after the telecom operator disclosed that it has received two GST penalty orders from tax authorities in Mumbai and Bengaluru. The total potential liability exceeds Rs 83 crore, which may impact sentiment around the stock.
Lenskart Solutions announced that its Singapore subsidiary has approved an investment of KRW 3 billion, or approximately Rs 186 million, to acquire a 29.24 percent stake in South Korea-based optical machinery company iiNeer Corp. Ltd. The investment aligns with the company’s strategy to strengthen its supply chain capabilities.
Adani Power is expected to remain in focus after the company raised its long-term installed capacity target to 41.87 gigawatts by FY32 and announced a capital expenditure plan of around Rs 2 lakh crore. The expansion plan is among the largest in India’s private thermal power sector.
UltraTech Cement stated that it has commissioned 1.8 million tonnes per annum of new capacity, including additions at its Dhule and Nathdwara plants, supporting its expansion strategy.
KNR Construction may see activity after announcing the divestment of its entire stake in four road SPVs to Indus Infra Trust for a total value of Rs 1,543.19 crore.
With markets consolidating, investors are likely to track these stock-specific developments closely for near-term trading opportunities.
