Stocks to Watch Today, December 24: TMPV, Biocon, Federal Bank, NHPC, Coal India, Park Medi World among 32 scrips to track

Stocks to Watch Today: Domestic stock markets are likely to see stock-specific action in Wednesday's session as several listed companies announced acquisitions, large order wins, regulatory approvals, fund-raising plans, leadership changes and bulk deals. From hospitals and real estate to banking, power, EVs and pharmaceuticals, a wide range of stocks are expected to remain in focus following fresh corporate developments disclosed.

Shares of Tata Motors, Biocon, Federal Bank, NHPC, Coal India, Park Medi World, Ceigall India, Prestige Estates, GAIL, Vikran Engineering and Belrise Industries may attract investor attention today, as these companies reported business expansions, strategic investments, policy approvals and major project updates that could influence near-term stock movement.

Here is the list of major firms' stocks to watch in Wednesday's trading session:

Stocks to watch: Park Medi World

Park Medi World announced the acquisition of Agra-based KP Institute of Medical Sciences in an all-cash deal worth Rs 245 crore. The acquisition is expected to expand the hospital chain’s presence in northern India and strengthen its healthcare delivery network.

Stocks to watch: Ceigall India

Ceigall India has secured a Rs 550-crore solar EPC order under the PM-KUSUM scheme in Madhya Pradesh. The project involves setting up 130 MW (AC) of solar power capacity and supports the government’s renewable energy and farmer-focused power initiatives.

Stocks to watch: Federal Bank

Federal Bank shares could be in focus after the Competition Commission of India approved US-based Blackstone’s proposal to acquire a 9.99 per cent stake through warrants. The investment is expected to strengthen the bank’s capital base.

Stocks to watch: Prestige Estates Projects

Prestige Estates has acquired a 25-acre land parcel in Chennai’s Medavakkam area for a residential housing project with an estimated revenue potential of over Rs 5,000 crore.

Stocks to watch: GAIL India

Stocks to watch: GAIL signed an MoU with the Chhattisgarh government to explore setting up a greenfield gas-based fertiliser plant. The proposed project will involve a urea manufacturing unit with a capacity of 12.7 lakh tonnes per annum.

Stocks to watch: Tata Motors PV

Tata Motors said its passenger vehicle arm will launch five new electric vehicle models, including those under the Avinya brand, and invest up to Rs 18,000 crore by FY30. The company aims to maintain a 45–50 per cent market share in India’s EV space.

Biocon’s biologics arm has secured full global rights for Hulio, a biosimilar of Adalimumab. Separately, Biocon entered into an out-licensing agreement with Ajanta Pharma for marketing its diabetes drug Semaglutide in multiple international markets.

Stocks to watch: Shree Cement

Shree Cement has withdrawn the lockout at its Raipur plant after reaching an amicable settlement with workers, resolving the labour issue.

Stocks to watch: Union Bank of India

Union Bank has reduced home loan rates by 0.30 per cent and vehicle loan rates by 0.40 per cent, which could support credit growth.

Stock to watch: Vikran Engineering

Vikran Engineering has received a Rs 2,035 crore order for developing 600 MW AC solar power projects in Maharashtra on a turnkey EPC basis.

Stocks to watch: Belrise Industries

Belrise Industries may see heightened activity after SBI Mutual Fund and BlackRock bought a combined 6.56 per cent stake through open market transactions, while a promoter entity exited its holding.

Stocks to watch: Bank of India

Bank of India has raised Rs 10,000 crore through long-term infrastructure bonds at a coupon rate of 7.23 per cent per annum.

NHPC has started partial commercial operations at its 2,000 MW Subansiri hydropower project, with one unit becoming operational after long delays.

Coal India is in focus after its board gave in-principle approval for listing subsidiaries South Eastern Coalfields and Mahanadi Coalfields, subject to regulatory approvals.

Other major stocks to watch today

Endurance Technologies, Rail Vikas Nigam, Godfrey Phillips India, Zydus Lifesciences, Adani Ports and SEZ, Ajanta Pharma, Supreme Petrochem, Spandana Sphoorty Financial, Ola Electric Mobility and GPT Infraprojects may also remain in focus due to cybersecurity updates, leadership changes, insurance claims, regulatory approvals, fund-raising, and order wins.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)