Stocks in news: IndusInd Bank, Ola Electric, IndiGo, Castrol India & RIL
Markets traded lackluster for the second consecutive session on Wednesday and ended marginally lower, indicating continued consolidation after the recent surge. Analysts maintain a positive bias amid the ongoing consolidation in the index and continue to recommend a "buy-on-dips" approach as long as the Nifty holds its prevailing uptrend.
"For fresh momentum, stronger participation from the banking index will be essential, with a decisive breakout above the 59,500 level likely to fuel the next leg of the up move," said Ajit Mishra – SVP, Research, Religare Broking.
In today's trade, shares of IndusInd Bank, Ola Electric, IndiGo, Castrol India, Adani Power, RIL among others will be in focus due to various news developments.
IndusInd Bank
Serious Fraud Investigation Office (SFIO) has launched investigation against IndusInd Bank in connection to discrepancies in its derivatives trade portfolio. The private lender on Wednesday informed the exchanges about receiving a letter from the white collar crime probe agency.
KIMS
KIMS has entered into a leave and license agreement with Andhra Mahila Sabha for taking land admeasuring 1.168 acre in Chennai on a long term lease for setting up a Super Speciality Hospital. The company along with its subsidiaries has overall bed capacity of 8800+ beds as on September 2025.
Ola Electric
Ola Electric announced that it has received a sanction order from the government for the release of incentives amounting to Rs 366.78 crore under the PLI scheme for automobile and auto components. The sanction pertains to the demand incentive for the determined sales value for FY25.
Vikran Engineering
Vikran Engineering announced that it has received a notification of award (NOA) from NTPC Renewable Energy for a Rs 459 crore EPC contract for a 400 MW AC grid-connected solar power project at Chitrakoot-1 in Uttar Pradesh. The contract involves execution of the Balance of System (BoS) package for the solar project and is
to be completed within a 12-months period.
IndiGo
IndiGo said it has having fully stabilized its operations since December 9 and has been steadily adding capacity, within government guidelines. The company has operating 2,100-2,200 flights and carrying over 1 million customers every 3 days.
Castrol India
Canada Pension Plan Investment Board and US private equity firm Stonepeak will launch an offer to purchase a stake of up to 26% in Castrol's Indian unit, following their deal to acquire the firm from parent BP. Stonepeak and CPPIB will offer Castrol India shareholders Rs 194.04 per share, which is a 2.5% premium to Wednesday's closing price.
Sun Pharma
Taro Pharmaceutical Industries, a unit of Sun Pharma, is recalling over 17,000 units of an antifungal medication in the US due to manufacturing issues, according to the US Food and Drug Administration (USFDA). The company is recalling the affected lot due to "Failed Impurity/Degradation specifications," the USFDA stated.
RIL
Reliance Industries resumed purchases of discounted Russian crude, sourcing barrels from non-sanctioned suppliers and routing them to its refinery in Gujarat, according to a Bloomberg report. Its return to the market is likely to pare a decline in India's purchases of Russian oil, which officials have said could more than halve this month.
Adani Power
Adani Power has raised its long-term installed capacity target to 41.87 gigawatt (GW) by FY32 and committed capital expenditure of about Rs 2 lakh crore, signalling one of the most aggressive private-sector expansion plans in India's thermal power industry.
"For fresh momentum, stronger participation from the banking index will be essential, with a decisive breakout above the 59,500 level likely to fuel the next leg of the up move," said Ajit Mishra – SVP, Research, Religare Broking.
In today's trade, shares of IndusInd Bank, Ola Electric, IndiGo, Castrol India, Adani Power, RIL among others will be in focus due to various news developments.
IndusInd Bank
Serious Fraud Investigation Office (SFIO) has launched investigation against IndusInd Bank in connection to discrepancies in its derivatives trade portfolio. The private lender on Wednesday informed the exchanges about receiving a letter from the white collar crime probe agency.
KIMS
KIMS has entered into a leave and license agreement with Andhra Mahila Sabha for taking land admeasuring 1.168 acre in Chennai on a long term lease for setting up a Super Speciality Hospital. The company along with its subsidiaries has overall bed capacity of 8800+ beds as on September 2025.
Ola Electric
Ola Electric announced that it has received a sanction order from the government for the release of incentives amounting to Rs 366.78 crore under the PLI scheme for automobile and auto components. The sanction pertains to the demand incentive for the determined sales value for FY25.
Vikran Engineering
Vikran Engineering announced that it has received a notification of award (NOA) from NTPC Renewable Energy for a Rs 459 crore EPC contract for a 400 MW AC grid-connected solar power project at Chitrakoot-1 in Uttar Pradesh. The contract involves execution of the Balance of System (BoS) package for the solar project and is
to be completed within a 12-months period.
IndiGo
IndiGo said it has having fully stabilized its operations since December 9 and has been steadily adding capacity, within government guidelines. The company has operating 2,100-2,200 flights and carrying over 1 million customers every 3 days.
Castrol India
Canada Pension Plan Investment Board and US private equity firm Stonepeak will launch an offer to purchase a stake of up to 26% in Castrol's Indian unit, following their deal to acquire the firm from parent BP. Stonepeak and CPPIB will offer Castrol India shareholders Rs 194.04 per share, which is a 2.5% premium to Wednesday's closing price.
Sun Pharma
Taro Pharmaceutical Industries, a unit of Sun Pharma, is recalling over 17,000 units of an antifungal medication in the US due to manufacturing issues, according to the US Food and Drug Administration (USFDA). The company is recalling the affected lot due to "Failed Impurity/Degradation specifications," the USFDA stated.
RIL
Reliance Industries resumed purchases of discounted Russian crude, sourcing barrels from non-sanctioned suppliers and routing them to its refinery in Gujarat, according to a Bloomberg report. Its return to the market is likely to pare a decline in India's purchases of Russian oil, which officials have said could more than halve this month.
Adani Power
Adani Power has raised its long-term installed capacity target to 41.87 gigawatt (GW) by FY32 and committed capital expenditure of about Rs 2 lakh crore, signalling one of the most aggressive private-sector expansion plans in India's thermal power industry.
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