🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Indian Oil Corporation (IOCL): The company's board declared an interim dividend of ₹5 per share for the financial year 2025-26, payable on or before January 11, 2026.
• Adani Energy Solutions (AESL): AESL acquired 100% equity shares of KPS III HVDC Transmission from PFC Consulting, a strategic move to boost renewable energy evacuation from Khavda.
• KEC International: The infrastructure major secured new orders totaling ₹1,150 crore across its Transmission & Distribution (T&D) and Civil businesses, including its largest-ever India T&D order for a 765 kV transmission line and substation focused on renewable energy evacuation.
• Dilip Buildcon: The company's shares erased earlier gains after it received an MDO (Mine Development and Operation) contract for the development and operation of Pottangi Bauxite Mines from NALCO.
• New India Assurance Company: Shares of the PSU insurer jumped after the Union Cabinet approved 100% Foreign Direct Investment (FDI) in the sector.
• Hindustan Zinc: The stock rallied due to the strong performance of silver in the commodities market, as the company is a leading silver producer.
• JSW Energy: The company's board approved a fundraise of up to ₹10,000 crore through various routes, including Qualified Institutions Placement (QIP).
• Swiggy: The food delivery platform's shares saw gains following a capital raise and a rating upgrade by Bank of America Securities.
• ICICI Direct Outlook: The brokerage firm projected the Nifty to reach 30,000 by 2026, recommending stocks like Bajaj Finserv, Indian Oil Corporation, LTIMindtree, Pidilite Industries, SRF, Can Fin Homes, and Jamna Auto Industries for the next twelve months.

Neutral Developments

• Siemens: Siemens Ltd agreed to sell its low-voltage and geared motors business to Innomotics India for ₹2,200 crore on a cash-free, debt-free basis. This business constituted approximately 4.5% of Siemens' total revenue in FY24.
• Nuvama Wealth: The company announced a stock split, dividing each ₹10 share into five ₹2 shares, with the record date set for December 26, 2025.
• Overall Market Movement: The Nifty and Sensex ended Friday 0.57% and 0.53% higher respectively, recovering from initial dips, driven by a US Fed rate cut and hopes of renewed FII inflows. However, broader indices like the Nifty Midcap100 and Smallcap100 underperformed, closing down 0.51% and 0.67% for the week, respectively.
• Adani Green Energy: SEBI cleared Pranav Adani, a director in several Adani Group companies, and two of his relatives of insider trading charges.

Negative News

• IndiGo: The airline was slapped with a penalty of nearly ₹59 crore by the Additional Commissioner of CGST, Delhi South Commissionerate, for the financial year 2020-21, related to GST. IndiGo plans to contest the order.
• Refex Industries: Shares tumbled to a 20% lower circuit after the company disclosed that the Income Tax Department had initiated search operations at its registered office and multiple linked locations.
• Hindustan Construction Company (HCC): The company's shares fell sharply as its ₹1,000 crore rights issue commenced.

TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex