Reliance Industries, Swiggy, ICICI Bank and more: Top stocks to watch out for on December 26

Reliance Industries, Swiggy, ICICI Bank and more: Top stocks to watch out for on December 26
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Bharat Forge Ltd | The company has announced plans to invest €39 million (approximately ₹345 crore) into its wholly owned German subsidiary, Bharat Forge Global Holding GmbH (BFGH).

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BPCL | State-run Bharat Petroleum Corp Ltd announced on Tuesday that it was selected as the lowest bidder in NTPC’s tender for the selection of solar power generators to establish 1200 MW ISTS-connected solar PV power projects across India. BPCL secured a 150 MW capacity in the reverse auction.

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Telecom stocks | The TRAI has re-introduced prepaid recharges for mobile customers that will allow only voice or SMS services. TRAI’s rationale is that such a Special Tariff Voucher (STV) option will allow greater choice to users to pay for only the service they need. TRAI believes that such special recharges will help certain segments of consumers, especially the elderly, in rural areas.

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Reliance Industries | Reliance Retail, the wholly-owned subsidiary of RIL, signed the Consumer Safety Pledge on National Consumer Day, marking its support for an initiative led by the Department of Consumer Affairs, Ministry of Consumer Affairs, Food and Public Distribution, Government of India.

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Swiggy | The food delivery platform said it is planning to onboard at least 1 lakh women delivery partners by 2030 and signed an initial pact with the NSE for rolling out a financial literacy programme for delivery partners, with a special focus on the women workforce.

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Ramky Infrastructure | The company has announced the receipt of a Letter of Acceptance (LoA) for a ₹215.08 crore contract from the Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB). The project entails the manning, operation, and maintenance of sewage treatment plants (STPs) and connecting interception and diversion systems under HMWSSB’s jurisdiction for a five-year period.

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ICICI Bank | The private sector lender is set to report its third quarter (October-December FY25) earnings on January 25, 2025. The bank made a net profit of ₹11,745.9 crore in the September quarter, higher than Street estimates of ₹11,029.8 crore. It was also 14.5% higher than the previous year’s ₹10,261 crore.

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Indian Oil | The Odisha government and the state-run downstream oil firm are set to sign an agreement for a Naphtha Cracker project at Paradeep in January. The project has received in-principle approval, with Indian Oil committing to an investment of over ₹61,000 crore.

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Panacea Biotech | The pharma firm has received a Letter of Award from UNICEF for the supply of 115 million doses of its bOPV (Bivalent Oral Polio Vaccine) worth $14.95 million in the fiscal year 2025.

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Religare Enterprises Ltd | The company’s unit Religare Finvest completed a forensic investigation into allegations of siphoning off funds by the company’s erstwhile promoters. The final report from the investigation has been received and shared with the company’s Board of Directors. Image: Shutterstock

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