Stocks to Watch, December 9: IndiGo, M&M, ICICI Bank, L&T, HCL Technologies, Siemens, Welspun Corp

It also said that the airline is "profusely apologetic" and deeply regrets the inconvenience and hardship caused to customers following flight cancellations.

Besides, in a separate filing, M&M shared its production, sales, and export figures for November.

Its Executive Director, Sandeep Batra, said the bank is also committed to maintaining over a 51% stake in the IPO-bound ICICI Prudential Asset Management Company, and hence, it is upping its stake by 2 percentage points before the entity hits the markets.

"We are committed to ensuring all three listed entities remain our subsidiaries. So, our stake will remain at over 51%," Batra told reporters at a press conference here.

The mutual fund arm's Managing Director and Chief Executive, Nimesh Shah, said that ICICI Bank will pick up the additional 2% stake for the same price as the one that will be paid by other investors as part of its initial public offering.

The development marks the beginning of a phased consolidation of all real estate assets and undertakings of Larsen & Toubro (L&T).

The approval on the same was given by the board through a slump sale via a scheme of arrangement. However, it is subject to requisite regulatory approvals.

"The Board of Directors of L&T has approved the transfer of its Realty Business Undertaking (Realty BU) to L&T Realty Properties Ltd (L&T Realty), a wholly-owned subsidiary of the company," the infrastructure major said in a statement.

"L&T Realty needs to perform independently. It has to continuously expand its project pipeline through proactive land bank growth and joint developments.

The collaboration is designed to help enterprises address growing demands for energy efficiency and high performance in increasingly complex and connected environments, the Noida-based company said in a statement.

"By partnering with HCLTech, we will be able to extend the reach of our low-power IP to more applications and customers than ever before. This partnership will help us push the boundaries of energy-efficient computing – whether it is for IoT devices or data centre ecosystems," Pierre-Marie Dell’Accio, executive VP of Engineering at Dolphin Semiconductor, said.

EPIC, a listed firm in the Kingdom of Saudi Arabia (KSA), signed the contract for the manufacturing and supply of steel pipes, Welspun Corp said in a regulatory filing.

While the duration of the contract is six months, its financial impact will be reflected in the fourth quarter of the 2025-26 financial year (Q4FY26) and the first quarter of the 2026-27 fiscal year (Q1FY27).

EPIC is Saudi Arabia’s leading manufacturer of Helical Submerged Arc Welded (HSAW) Pipes, it added.

This is for a consideration (enterprise value) of ₹2,200 crore, on a cash-free, debt-free basis, subject to mutually agreed adjustments.