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  1. Stocks to watch, December 29: Coforge, Coal India, GMR Airports, InterGlobe Aviation, Hindustan Zinc

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Stocks to watch, December 29: Coforge, Coal India, GMR Airports, InterGlobe Aviation, Hindustan Zinc

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5 min read | Updated on December 29, 2025, 07:50 IST

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SUMMARY

Coforge acquired US-based Encora, an AI-native firm providing services to digital natives and Fortune 1,000 enterprises. Coforge said that the combined entity will have revenue to the tune of $2.5 billion.

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GIFT NIFTY futures rose 40 points to 26,100 indicating positive start for Indian markets. Image: Shutterstock

The Indian equity benchmarks are set to open higher as indicated by NIFTY futures traded at GIFT City in Ahmedabad. GIFT NIFTY futures rose 40 points to 26,100 indicating positive start for Indian markets.

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Stocks to watch

Coforge: The Noida-based IT company acquired US-based Encora, an AI-native firm providing services to digital natives and Fortune 1,000 enterprises. Coforge said that the combined entity will have revenue to the tune of $2.5 billion.
Ola Electric: Ola Electric on Sunday said it has scaled up deliveries of its 4680 Bharat Cell powered S1 Pro+ (5.2 kWh) across Tamil Nadu, Kerala, Telangana, and Karnataka.

The company has commenced deliveries across Coimbatore, Kochi, and Hyderabad, along with continued ramp-up in Bengaluru, Ola Electric said in a statement.

The S1 Pro+ (5.2 kWh) is the first product powered by the company's indigenously manufactured 4680 Bharat Cell battery pack, delivering more range, higher performance and enhanced safety, it added.

"Customers are now taking deliveries of the scooters powered by our own 4680 Bharat Cell, and the rollout is picking up strong momentum. With deliveries scaling across multiple states, we are now gearing up to take the 4680 Bharat Cell powered vehicles nationwide, reaching every corner of the country," an Ola Electric spokesperson said.

Coal India: To improve governance and accountability, the Prime Minister's Office (PMO) has directed the coal ministry to map and list all the subsidiaries of state-run Coal India by 2030, sources said.

The move aims to streamline governance, enhance transparency and unlock value through asset monetisation in the coal PSU. Coal India Ltd (CIL) accounts for over 80 per cent of domestic coal output.

There are plans to list all of Coal India's subsidiaries by 2030, highly placed sources said on the condition of anonymity.

There is an instruction from PMO to list all the arms of Coal India by 2030 to improve the company's governance, sources said.

CIL operates through eight subsidiaries, namely Eastern Coalfields Ltd, Bharat Coking Coal Ltd, Central Coalfields Ltd, Western Coalfields Ltd, South Eastern Coalfields Ltd, Northern Coalfields Ltd, Mahanadi Coalfields Ltd and Central Mine Planning & Design Institute Ltd.

Sun Pharma: Improving access to new age medicines for obesity and diabetes over the next few years would be a key enabler for the growth of the domestic pharmaceutical industry, according to Sun Pharma Managing Director Kirti Ganorkar.

Glucagon-like peptide-1 (GLP-1) receptor agonists are drugs that treat type 2 diabetes, high blood sugar, and obesity by regulating insulin production.

India, known for its generic drug industry, is rapidly transforming into a major hub for the global weight management industry, amid rapid increase in obesity-led disease burden.

"Improving access to GLP-1 treatments in the coming years will be a key driver for the Indian pharmaceutical industry, helping address the growing burden of lifestyle diseases such as obesity and diabetes," Ganorkar told PTI.

GMR Airports: GMR Group has passed the qualifying round to submit a bid for the USD 800 million new Taif International Airport project in Saudi Arabia, according to the National Center for Privatisation & PPP of the Arabian country.

Besides GMR, Bengaluru International Airport Ltd – Tamasuk consortium, Turkey’s TAV Airports – Mada International Holding consortium, Irish company Daa International-led consortium, and Kalyon Insaat consortium, were qualified for the project bidding.

The project will be taken up under a Public-Private Partnership (PPP) model under a Build-Transfer-Operate (BTO) contract for a period of 30 years including the construction period.

The new Taif International Airport will include a well-equipped commercial passenger terminal building aligned with the airport's projected capacity and demand, along with facility buildings, utility networks, car parks, and access roads that enable the standard operation of the airport.

InterGlobe Aviation: Domestic carrier IndiGo on Saturday cancelled 57 flights across its network, citing “bad weather" at various airports, according to the airline's website.

The airline has also cancelled 13 flights, as of now, for Sunday, with two of them for "operational reasons", and the remaining largely due to "forecasted bad weather".

The Gurugram-headquartered IndiGo, which cancelled thousands of flights early this month on account of stricter norms related to the pilots' duty period and rest, have been cancelling some flights for more than one week now on account of "bad weather".

The 57 flights cancelled on Sunday include from Chandigarh, Mumbai, Ahmedabad, Hyderabad, Amritsar, Bengaluru, Delhi, Gaya, Kolkata, Chennai, Jaipur and Pune, among others.

Hindustan Zinc: Shares of the country's leading zinc and silver producer will be in focus after silver prices rallied over 15% last week to scale a fresh record high of ₹2.42 lakh per kg in the futures market, driven by strong industrial demand, expectations of US interest rate cuts next year and mounting concerns over supply disruptions.

The rally in the domestic market mirrored the white metal’s record run in global markets, where it hit an all-time high of USD 79.70 per ounce, surging over 11% in a single day on Friday.

Rising for the fifth consecutive day on MCX, silver futures for March 2026 delivery zoomed by ₹18,210, or 8.14%, to touch a new record of ₹2,42,000 per kilogram, before settling at ₹2,39,787 per kg on Friday.

(With PTI inputs)
Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.
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