Stocks To Watch: Federal Bank, Adani Ports, Tata Steel, Ola Electric, Coal India, GAIL, And Others

Stocks To Watch: Federal Bank, Adani Ports, Tata Steel, Ola Electric, Coal India, GAIL, And Others Stocks to watch: Shares of firms like Federal Bank, Adani Ports, Tata Steel, Ola Electric, Coal India, GAIL, and others will be in focus on Wednesday's trade Stocks to Watch on December 24: Markets traded in a subdued manner on the weekly expiry day and ended nearly unchanged, taking a breather after the recent rebound. With a holiday-shortened week ahead of the New Year and the absence of major domestic triggers, global cues continue to guide market direction. This has resulted in selective positioning rather than aggressive trades, while foreign fund flows remained mixed. Going ahead, analysts expect some consolidation in the indices following the recent rebound. However, the broader undertone is likely to remain positive. Recommended Stories Federal Bank The Competition Commission of India (CCI) on Tuesday approved US-based Blackstone’s proposal to acquire a 9.99% stake in private sector lender Federal Bank through warrants. The investment will be made via Blackstone arm Asia II Topco XIII Pte Ltd. The fund infusion is expected to attract attention from Dalal Street investors. Adani Ports and Special Economic Zone As part of its capex expansion plans, Adani Ports announced that it has finalised the acquisition of Australia’s North Queensland Export Terminal. Following this, the company raised its FY26 outlook, with EBITDA now projected at Rs 22,350-23,350 crore and cargo volumes estimated at 545-555 MMT. Tata Steel The CCI has approved Tata Steel’s acquisition of the remaining 50% stake in Tata BlueScope Steel, enabling it to take full ownership of the company, which was earlier operated as a 50:50 joint venture with Australia’s BlueScope Steel. The move is expected to boost the company’s capacity and revenue over the long term. Aurobindo Pharma Aurobindo Pharma said it will acquire an additional 20% stake in its China-based joint venture for $5.12 million. The development is expected to support capacity expansion and improve revenue prospects in the long run. Ola Electric Mobility The company said its wholly owned subsidiary, Ola Electric Technologies, has approved the issuance of 10 crore optionally convertible redeemable preference shares worth Rs 100 crore as part of the third tranche of IPO proceeds infusion. The fundraising move is likely to be tracked closely by investors. Reliance Industries Reliance Industries emerged as one of the top bidders in the central government’s latest coal block auction round, which aims to promote domestic coal gasification and cleaner energy generation. The development is expected to aid the company’s business diversification plans. Coal India As part of efforts to raise funds through business demerger, the public sector undertaking said its board has granted in-principle approval to list its wholly owned subsidiary, South Eastern Coalfields Limited. The move aligns with the Ministry of Coal’s directive to accelerate the government’s divestment programme. Biocon Biocon said its subsidiary, Biocon Biologics Ltd, has secured full and exclusive worldwide rights to Hulio, a biosimilar of Adalimumab, from Fujifilm Kyowa Kirin Biologics. GPT Infraprojects The company has...

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