Stocks to Watch: Federal Bank, Adani Ports, Tata Steel Among Top Picks Today

By siliconindia  |  Wednesday, 24 December 2025, 10:30:15 AM IST

Stocks to Watch: Federal Bank, Adani Ports, Tata Steel Among Top Picks Today
  • Sensex closed at 85,524.84, down 43 points; Nifty 50 at 26,177.15, up 5 points.
  • Mid- and Small-Caps gained modestly: BSE Midcap +0.07%, Smallcap +0.38%.
  • Flat session amid profit booking, metals, FMCG, and energy saw buying, IT and pharma under pressure.
Indian stock markets ended Tuesday, December 23, 2025, on a largely flat note as investors booked profits at higher levels, capping gains. The Sensex slipped marginally by 43 points, or 0.05%, to close at 85,524.84, while the Nifty 50 inched up 5 points, or 0.02%, to settle at 26,177.15. Mid- and small-cap stocks, however, posted modest gains, with the BSE Midcap index rising 0.07% and the Smallcap index advancing 0.38%, reflecting mixed global cues.
Ajit Mishra, SVP of Research at Religare Broking, said, “Markets traded in a subdued manner on the weekly expiry day and ended almost unchanged, pausing the recent rebound. Following a steady start, the Nifty oscillated within a tight range with a mild positive bias. Sectoral participation remained rotational, with metals, FMCG, and energy witnessing buying interest, while IT and pharma faced selective pressure. The broader markets largely moved in line with the benchmark and closed flat to marginally positive.”
Amid this cautious sentiment, certain stocks are likely to attract investor attention due to recent corporate developments and strategic moves.
Federal Bank gained focus after the Competition Commission of India (CCI) approved US-based Blackstone’s proposal to acquire a 9.99% stake in the private lender through warrants. The investment will be routed through Blackstone’s arm, Asia II Topco XIII Pte Ltd. This fund infusion is expected to boost market interest in the stock.
Adani Ports and Special Economic Zone finalized the acquisition of Australia’s North Queensland Export Terminal as part of its CAPEX expansion plans. The company also raised its FY26 outlook, projecting EBITDA between Rs 22,350 crore and Rs 23,350 crore, while cargo volumes are estimated at 545–555 MMT.
Tata Steel received CCI approval to acquire the remaining 50% stake in Tata BlueScope Steel, granting it full ownership. The acquisition, previously a 50:50 joint venture with Australia’s BlueScope Steel, is expected to strengthen Tata Steel’s capacity and long-term revenue.
Aurobindo Pharma plans to acquire an additional 20% stake in its China-based joint venture for $5.12 million, which is expected to expand its operational capacity and revenue prospects.
Ola Electric Mobility revealed that its subsidiary, Ola Electric Technologies, approved the issuance of 10 crore optionally convertible redeemable preference shares valued at Rs 100 crore as part of the third tranche of IPO proceeds. This move is likely to draw investor attention.
Reliance Industries emerged as one of the top bidders in the central government’s recent coal block auction, aimed at promoting domestic coal gasification and cleaner energy generation, supporting the company’s diversification strategy.
Coal India’s board approved in-principle plans to list its wholly owned subsidiary, South Eastern Coalfields Limited, in line with the Ministry of Coal’s directive to accelerate divestment, a step expected to raise funds and improve operations.
Biocon announced that its subsidiary, Biocon Biologics Ltd, has secured full and exclusive worldwide rights to Hulio, a biosimilar of Adalimumab, from Fujifilm Kyowa Kirin Biologics, strengthening its global biosimilar portfolio.
GPT Infraprojects secured a Rs 199.2 crore contract from North Eastern Railway to build bridge substructures and fabricate superstructures for key bridges across the River Rapti between Balrampur and Bahraich as part of the new Khalilabad-Bahraich rail line.
GAIL India signed an MoU with the Government of Chhattisgarh to establish a greenfield gas-based fertilizer project, expanding the company’s presence in the fertilizer sector while promoting cleaner energy initiatives.
With these developments, stocks like Federal Bank, Adani Ports, Tata Steel, and others are expected to witness active trading as investors respond to acquisitions, expansions, and strategic approvals in the market.

ON THE DECK