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  5. Stocks to Watch, Dec 23: Ambuja Cements, ACC, Orient, UltraTech Cement, HZL, Muthoot Fin, HCLTech, Antony Waste, Saatvik Green

Market News

Stocks to Watch, Dec 23: Ambuja Cements, ACC, Orient, UltraTech Cement, HZL, Muthoot Fin, HCLTech, Antony Waste, Saatvik Green

Upstox
By Upstox News Desk

6 min read | Updated on December 23, 2025, 09:03 IST

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SUMMARY

Stocks to Watch: Saatvik Green Energy said its material subsidiary, i.e., Saatvik Solar Industries, has received and accepted an order aggregating to ₹486 crore from one renowned independent power producer/EPC player for the supply of solar PV modules.

Stock list

AMBUJACEM
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ACC
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MUTHOOTFIN
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AWHCL
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Shares in focus, Dec 23, 2025

The GIFT NIFTY futures suggest that the NIFTY50 index will open 63 points higher. | Image: Shutterstock

Stocks to Watch: The domestic stock market is expected to open green on Tuesday, December 23. The GIFT NIFTY futures suggest that the NIFTY50 index will open 63 points higher.
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Here is a list of stocks that may remain in focus today.
Ambuja Cements, ACC, Orient Cement: Shares of these companies will be in focus, as Ambuja Cements on Monday said it would merge its subsidiaries ACC Ltd and Orient Cement with the company, leading to the setting up of 'one cement platform' and a pan-India cement powerhouse.

The post-merger of the subsidiaries – ACC Ltd, Orient Cement, Penna Cement, and Sanghi Industries – "will become an integral part of Ambuja" with a capacity of 107 million tonnes per annum.

The board of Ambuja Cements Ltd (ACL) on Monday approved the scheme of amalgamation of merging ACC and Orient Cement.

UltraTech Cement and other cement stocks will also be in focus following the merger news.

Adani Energy Solutions: Shares of Adani Energy Solutions will be in the limelight on Tuesday, December 23, after its arm, Adani Transmission Step-One Ltd, incorporated a subsidiary, ATSOL Global IFSC Ltd.

Adani Transmission Step-One holds a 100% equity stake in the newly incorporated ATSOL Global, the company said in a regulatory filing dated Monday.

It added that Adani Transmission Step-One subscribed to 50,000 equity shares with a face value of ₹10 each in ATSOL Global via cash consideration.

ATSOL Global, incorporated in Gift City, Gujarat, will carry out the activities of the Global Treasury Centre, as permitted under the IFSCA (Finance Company) Regulations, 2021, the filing stated.

Prestige Estates: Prestige Group, one of India’s leading real estate developers, has announced the acquisition of a 25-acre land parcel in Medavakkam, Chennai, marking another significant business development milestone for the Group and reinforcing its long-term commitment to the Chennai real estate market.

The acquired land parcel offers a development potential of approximately 5 million square feet, with an estimated top-line revenue potential of over ₹5,000 crore. The site is proposed to be developed into a large-format project in line with Prestige Group’s focus on scale and planning efficiency.

Medavakkam is a rapidly developing residential micro-market in Chennai, benefiting from proximity to the OMR IT corridor, improved road infrastructure, and upcoming metro connectivity. The area offers a balanced mix of accessibility, affordability, and growing social infrastructure, supporting sustained residential demand.

HCL Technologies: HCLSoftware, the software business division of HCLTech, on Monday announced its intent to acquire Jaspersoft, a business unit of Cloud Software Group and provider of a leading embedded analytics and pixel-perfect reporting platform.
Biocon: The company on Monday said it has issued Commercial Papers (CP) of ₹1,800 crore on a private placement basis.
Sarda Energy: The company shared an update on Monday. In its regulatory filing, the company said that an accident occurred in the power plant unit of the company’s captive power plant at Siltara, Raipur, in the evening hours of December 20, 2025, resulting in one casualty and one person being seriously injured.

The reason for the leakage in the pipeline is yet to be ascertained. The leakage was swiftly brought under control. The emergency procedures worked as designed, it added.

GPT Infraprojects: GPT Infraprojects has been declared L1 (first lowest) in an order valued at ₹670 crore in consortium with ISCPPL on Monday, December 22, 2025.
Saatvik Green Energy: The company said that its material subsidiary, i.e., Saatvik Solar Industries, has received and accepted an order aggregating to ₹486 crore from one renowned independent power producer/EPC player for the supply of solar PV modules.
Antony Waste Handling Cell: The company said that one of its subsidiaries, Antony Lara Enviro Solutions, has been awarded a contract for the development of a 600 to 800 TPD mixed solid waste processing plant in the state of Maharashtra.

The total capex aggregating to ₹67 crore will be reimbursed by the Thane Municipal Corporation on achievement of milestones as stipulated in the tender.

United Spirits, United Breweries: Liquor stocks will be in focus as Andhra Pradesh witnessed a rise in liquor sales, clocking an excise revenue of over ₹7,000 crore between October 2024 and 2025, against a target of ₹8,000 crore.

The state saw a rise of 4.5% in liquor sales from April 1 to December 17 during the ongoing 2025-26 financial year.

“Officials informed the Chief Minister that out of an excise revenue target of ₹8,000 crore between October 2024 and 2025, ₹7,041 crore has been realised,” said an official press release.

One97 Communications: UAE-based fintech firm Paytm Arab Payment, a step-down subsidiary of One97 Communications, has approved the allocation of shares amounting to a 49% stake in the company to Abu Dhabi-based Abbar Global Opportunities Holdings Limited for about ₹19 crore, a regulatory filing said on Monday.

Abbar Global Opportunities Holdings Limited (AGOHL) is a special purpose vehicle owned by Mohamed Ali Rashed Alabbar, founder of Emmar Properties -- the developer of projects such as Burj Khalifa and Dubai Mall.

Groww: Stockbroking platform Groww on Monday said it has launched 'Groww Lite', a web-based emergency trading portal, to safeguard users during platform outages and technical glitches.

The new portal enables users to close or exit their open trading positions even if the main Groww app or website is temporarily inaccessible during an outage, the stockbroking platform said in a statement.

The launch comes in the wake of recent large-scale internet disruptions, including a Cloudflare-related outage that impacted access to multiple digital services.

Manappuram Finance, Muthoot, Hindustan Zinc: Shares will be in focus as gold and silver prices hit record highs.

Gold prices rose to a fresh lifetime high of ₹138,200 per 10 grams, gaining ₹1,685, in the national capital on Monday following the precious metal scaling record highs in the global markets, according to the All India Sarafa Association.

Silver prices also raced to hit an all-time high of ₹2,14,500 per kilogramme (inclusive of all taxes) in the capital, up by ₹10,400 per kg.

With inputs from PTI
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