6 min read | Updated on December 03, 2025, 08:32 IST
SUMMARY
Stocks to Watch: Shares of the Indian Railway Finance Corporation Ltd (IRFC) will be in focus on Wednesday, December 3, as it signed a loan agreement with Sumitomo Mitsui Banking Corp (SMBC), GIFT City Branch, Gujarat, for raising an external commercial borrowing (ECB) loan of Japanese yen (JPY) equivalent to $300 million.
The GIFT NIFTY futures suggest that the NIFTY50 index will open 23 points lower. | Image: Shutterstock
Stocks to Watch: The domestic stock market is expected to open marginally lower on Wednesday, December 3. The GIFT NIFTY futures suggest that the NIFTY50 index will open 23 points lower.
Here is a list of stocks that may remain in focus today.
SBI, ICICI and HDFC Bank: The Reserve Bank on Tuesday said that State Bank of India, HDFC Bank and ICICI Bank continue to be in the 'domestic systemically important banks' category.
The three lenders will be required to hold additional capital buffers, expressed as a percentage of risk-weighted assets, over and above the Capital Conservation Buffer, the RBI said.
SBI has an additional Common Equity Tier 1 (CET1) requirement of 0.80% of RWAs, while HDFC Bank has 0.40%, and ICICI Bank has 0.20%.
The Reserve Bank had first issued the 'Framework for Dealing with Domestic Systemically Important Banks (D-SIBs)' on July 22, 2014, which was subsequently updated on December 28, 2023.
Bank of Maharashtra: The government on Tuesday decided to exercise the green shoe option with the clear intention to divest a 6% stake in Bank of Maharashtra (BoM) through an offer-for-sale following an overwhelming response from investors on the first day of subscription.
The OFS of BoM opened for subscription earlier on Tuesday for non-retail investors at a floor price of Rs 54 per share.
On the first day, it was subscribed over 400% of the base size of 38.46 crore shares, triggering the exercise of the green shoe option of an additional 1%.
Oil India: Shares of Oil India will be in focus on Wednesday, December 3, as Finance Minister Nirmala Sitharaman has granted Navratna status to its subsidiary, Numaligarh Refinery Ltd (NRL).
SBI, PNB, Bank of Baroda: Shares of state-run banks such as State Bank of India (SBI), Punjab National Bank, Bank of Baroda, and Union Bank of India, among others, are expected to be in focus, as the Minister of State for Finance Pankaj Chaudhary said on Tuesday that the government was not considering any proposal to raise the foreign direct investment (FDI) limit in public sector banks to 49%, from the current 20%.
Maruti Suzuki India (MSIL): Maruti Suzuki India on Tuesday announced a robust electric vehicle ecosystem with a comprehensive end-to-end digital platform for EV charging needs, including home charging and public charging with an integrated payment journey.
Bajaj Housing Finance: Shares will be in focus as Bajaj Finance Ltd, one of the promoter entities of Bajaj Housing Finance, on Tuesday divested a 2% stake for ₹1,588 crore through an open market transaction.
According to the bulk deal data available on the National Stock Exchange (NSE), Bajaj Finance Ltd sold 16.66 crore (16,66,00,000), representing a 1.99% stake in Bajaj Housing Finance.
The shares were disposed of at an average price of ₹95.31 apiece, taking the transaction value to ₹1,587.86 crore.
After the latest transaction, Bajaj Finance's holding in Bajaj Housing Finance has dropped to 86.71% from 88.70%.
IRFC: Shares of the Indian Railway Finance Corporation Ltd (IRFC) will be in focus on Wednesday, December 3, after it signed a loan agreement with Sumitomo Mitsui Banking Corp (SMBC), GIFT City Branch, Gujarat, for raising an external commercial borrowing (ECB) loan of Japanese yen (JPY) equivalent to $300 million.
The ECB loan, with a tenure of five years, will be benchmarked to the Overnight Tokyo Overnight Average Rate (TONAR), the Navranta PSU said in a regulatory filing dated December 2.
“This becomes the first foray of IRFC 2.0 in the ECB market after its diversification move in the infrastructure space, having backward or forward linkage,” the company stated.
Adani Enterprises: Shares of Adani Enterprises Ltd (AEL) will be in focus on Wednesday, December 3, after it completed a ₹231.34 crore acquisition of Trade Castle Tech Park (TCTPPL), which is an infrastructure developer that owns sizeable land parcels.
AdaniConneX (ACX), a joint venture of Adani Enterprises Ltd and data centre operator EdgeConneX, executed a share purchase agreement on November 21, 2025, with TCTPPL and Shree Naman Developers and Jayesh Shah (existing shareholders of TCTPPL) to acquire a 100% stake in TCTPPL.
Sun Pharma: The company said that the Board of Directors of Sun Pharma Laboratories, a wholly-owned subsidiary of the company, has approved the proposal for an investment of ₹3,000 crores for setting up a greenfield formulations manufacturing facility in Madhya Pradesh.
Hindustan Copper: The company has executed an MoU with NTPC Mining Ltd (NML) on December 2 to jointly participate in copper and critical mineral block auctions and develop and operationalise blocks for exploration, mining and processing of minerals.
The objective of the MoU is to explore the possibility of joint investments for the development, mining and processing of existing assets of HCL and also to collaborate on existing and future domestic/overseas copper and critical mineral projects.
Quality Power Electrical Equipment: The company has received a significant order (value of ₹13.90 crore, excluding taxes) for the supply of coil products.
Canara Bank: The bank has raised ₹3,500 crore via the issuance of 7.55% Unsecured, Subordinated, Listed, Rated, Non-Convertible, Perpetual, Fully Paid-up, Taxable, Basel III Compliant Additional Tier I Bonds in the nature of Debentures of face value ₹1 crore each.
CEAT: The company is slated to hold a board meeting on December 5 to explore a proposal for the issuance of non-convertible debentures on a private placement basis.
India Cements: PT Coromandel Minerals Resources, Indonesia, and Raasi Minerals Pte. Limited, Singapore, the wholly-owned subsidiaries of the company, have entered into a Share Sale and Purchase Agreement (“SSPA”) to sell their entire equity investment in PT Adcoal Energindo, Indonesia (“PT Adcoal”), the company’s stepdown subsidiary.
Upon completion of the said sale, PT Adcoal would cease to be the subsidiary of the company, and consequently, PT Mitra Setia Tanah Bumbu, Indonesia (“MSTB”), in which PT Adcoal holds a 49% equity investment, would cease to be an associate of the company.
Cohance Lifesciences: The company's Board of Directors at its meeting held on December 2, 2025, has approved the fund infusion by way of investment in
Compulsorily Convertible Preferred Stock of NJ Bio Inc., USA, a subsidiary of the Company, up to an amount of $10 million. The fund, when deployed, will be used by the said subsidiary to support its growth initiatives, including capex.
With inputs from PTI
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