Stocks to Watch, December 26: IndusInd Bank, Coforge, railway stocks, BEL, Astra Microwave, KNR Constructions, Hindustan Zinc

The financial markets in India were closed on Thursday, December 25, on account of Christmas.

According to the Railway Ministry, the previous fare hike in July 2025 has generated ₹700 crore in revenue to date.

The sanction pertains to the demand incentive for the determined sales value for FY 2024-25 and authorises a payment of ₹366.78 crore to be released through IFCI Limited, the designated financial institution for disbursement under the scheme, the Bengaluru-based firm said in a statement.

The incentive has been sanctioned in accordance with the applicable terms and conditions of the PLI-Auto Scheme, as amended from time to time, it added.

This development follows British Petroleum’s (BP) agreement on Wednesday, December 24, to sell a 65% stake in Castrol’s parent company to Stonepeak at an enterprise valuation of $10 billion.

Post-transaction, Stonepeak will hold a 65% stake in Castrol, while BP’s ownership will be reduced to 35%. BP will also have the option to divest its remaining stake after a two-year lock-in period.

The company, in a regulatory filing, said the company is likely to invest ₹566.83 crore (in the form of equity and sub-debt) in the SPVs against which the company is expected to receive a total sum of ₹1,543.19 crore.

The share purchase agreements (SPAs) with Indus Infra Trust were signed on December 24, 2025, for four SPVs -- KNR Palani Infra Private Limited, KNR Ramagiri Infra Private Limited, KNR Guruvayur Infra Private Limited and KNR Ramanattukara Infra Private Limited.

The rally on the Shanghai Futures Exchange reflects plunging inventories down to 531,211 kg and booming demand from solar panels and electronics, with export curbs tightening next week, reports say.

According to its latest Enforcement Report, the US health regulator stated that Hawthorne-based Sun Pharma/Taro is recalling 17,664 units of Ciclopirox Shampoo, an antifungal medication that treats seborrhoeic dermatitis, a condition that causes dry, flaky, and itchy skin.

The company is recalling the affected lot due to "failed impurity/degradation specifications", the USFDA stated.

The company initiated the Class II nationwide recall on December 9 this year.

In view of the changes, the global product engineering and digital services firm is prioritising its service portfolio while maintaining its core strengths in engineering research and digital enterprise solutions, he told PTI in an interaction.

Lakshminarayanan noted that major technological shifts keep happening over time, such as the cloud and blockchain, which have had an impact on industries.

The buying spree has been concentrated in the conglomerate's core sectors, according to market data and company sources.

Ports led with acquisitions of around ₹28,145 crore, followed by cement at ₹24,710 crore and power at ₹12,251 crore. Newer, incubating businesses accounted for ₹3,927 crore, while transmission and distribution added ₹2,544 crore of deals, they said.

The company, which emerged as the fifth-largest listed realty firm last fiscal year in terms of sales bookings, has recently launched a new project, 'Sarvam at DXP Estate', spread over 13.56 acres.

The project, located on Dwarka Expressway, Sector 37D in Gurugram, will have 1,798 apartments.

In the first phase, the company is offering 50 per cent of the total units for sale in a price range of Rs 3-4 crore per unit.

The airline, which has reduced its winter schedule by 10% following the civil aviation ministry's directive in the wake of the disruptions, also said that with forecasts indicating a harsher winter ahead, it remains committed to ensuring reliability and minimising disruptions.

"IndiGo, after having fully stabilised its operations since 09 December 2025, has been steadily adding capacity, within government guidelines. We have been consistently operating 2,100-2,200 flights and carrying over 1 million customers every 3 days," it said in a statement.

The loan from the World Bank was taken for the Eastern Dedicated Freight Corridor project.

The loan agreement was formally signed between Rahul Kapoor, Director (Finance), DFCCIL, and Deepa Kotnis, Executive Director (Finance), Indian Railway Finance Corporation (IRFC).

"The Rupee Term Loan Agreement of ₹9,821 crore was executed at the Railway Board, New Delhi, in the presence of Chairman & CEO of the Railway Board, Satish Kumar, along with senior officials of IRFC and DFCCIL," IRFC said in a press note.

According to IRFC, this transaction marks a significant milestone in India’s infrastructure financing landscape, underscoring the growing depth, maturity and capability of Indian financial institutions to support large-scale, long-gestation critical infrastructure projects through domestic funding solutions.

The partnership will focus on key areas such as electronic warfare systems, radar technologies, and satellite-based solutions, all of which are crucial for national security. Through this collaboration, BEL and AMPL plan to develop cutting-edge defence electronics by leveraging indigenous expertise and infrastructure.

At the conclusion of the inspection, the U.S. FDA issued a Form 483 with four observations. These observations are procedural in nature, and the company does not anticipate any impact on the supply of its commercial products. SPI will respond to these observations comprehensively to the FDA within the stipulated time and is confident of addressing all the observations to the satisfaction of the USFDA, the company said.