A mixed bag of corporate developments is set to keep several stocks in the spotlight. From state-owned giants finalising overseas funding plans and monetising prime assets, to private players securing fresh orders, announcing dividends, expanding real estate portfolios, and receiving key regulatory clearances, the updates span multiple sectors. Here’s a list of the key stocks that are likely to be in focus today, December 16.
Market recap
Indian equity benchmarks closed lower on December 15, with the Nifty slipping below the 24,700 mark. The BSE Sensex declined 384.55 points, or 0.47%, to finish at 81,748.57, while the Nifty 50 ended 100.05 points, or 0.40%, lower at 24,668.25.
Stocks to watch today, December 16, 2025
State Bank of India
State Bank of India said it will sign a €150 million line of credit agreement with KfW, the German government-owned development bank. The funding will be used to support climate-friendly energy generation projects in India.
The agreement is scheduled to be signed on December 16, 2025, at KfW’s headquarters in Frankfurt.
HDFC Bank
HDFC Bank said the Reserve Bank of India (RBI), through a letter dated December 15, 2025, has granted it approval to acquire an aggregate holding of up to 9.5% of the paid-up share capital or voting rights in IndusInd Bank. The permission also covers the combined shareholding of HDFC Bank’s group entities, including HDFC Mutual Fund, HDFC Life Insurance Company, HDFC ERGO General Insurance Company, HDFC Pension Fund Management and HDFC Securities.
The RBI approval is valid for a period of one year, until December 14, 2026. The bank also clarified that the aggregate holding of HDFC Bank and its group entities in IndusInd Bank must not exceed the 9.5% limit at any point during the validity period
MTNL
State-run telecom operator Mahanagar Telephone Nigam (MTNL) said it has approved the sale of its residential property located at Bandra Kurla Complex in Mumbai. The asset will be sold to the National Bank for Agriculture and Rural Development (NABARD) for Rs 350.72 crore.
Zydus Lifesciences
Zydus Lifesciences said its United States-based subsidiary, Sentynl Therapeutics Inc, has received acceptance from the United States Food and Drug Administration (US FDA) for the resubmission of its New Drug Application for copper histidinate, also known as CUTX-101.
The therapy is intended for the treatment of Menkes disease in paediatric patients. The resubmission has been classified as a Class I response, and the FDA has set January 14, 2026, as the new Prescription Drug User Fee Act (PDUFA) action date.
Shriram Finance
As per a Bloomberg report, Japan’s Mitsubishi UFJ Financial Group is in the final stages of talks to acquire about a 20% stake in Indian non-banking finance company Shriram Finance. The proposed transaction is valued at more than 500 billion yen, or roughly $3.22 billion, people familiar with the matter told Bloomberg. The report said the Japanese banking giant is preparing to announce the stake purchase as early as this week, indicating that negotiations are at an advanced stage.
financialexpress.com could not independently verify the information, and there has been no official announcement with this regard.
Can Fin Homes
Housing finance company Can Fin Homes said its board has approved an interim dividend of Rs 7 per equity share for the financial year 2025–26. This represents 350 percent on the face value of Rs 2 per share.
The record date has been fixed as December 19, 2025, to determine shareholder eligibility. The company said the dividend will be credited within 30 days, on or before January 13, 2026.
KNR Constructions
Infrastructure company KNR Constructions informed exchanges that it has received an income tax demand of Rs 72.03 crore, which includes interest of Rs 42.33 crore. The demand relates to the assessment year 2007–08 and was issued by the Assistant Commissioner of Income Tax, Central Circle-2(2), Hyderabad.
According to the company, the order stems from an Income Tax Appellate Tribunal ruling and is linked to alleged short-term capital gains from the sale of agricultural land during the financial year 2006–07. KNR said it is reviewing the order and will take appropriate legal steps.
BL Kashyap
BL Kashyap and Sons announced that it has received a new work order worth Rs 615.69 crore, excluding Goods and Services Tax (GST). The contract has been awarded by Sattva CKC Private Limited for a commercial project in Chennai, Tamil Nadu.
Arvind SmartSpaces
Real estate developer Arvind SmartSpaces announced the acquisition of a new residential high-rise project in Whitefield, Bengaluru. The project has an estimated saleable area of about 4.6 lakh square feet and a revenue potential of around Rs 550 crore.
The acquisition has been made on an outright basis and is located in the Nallurahalli area of Whitefield. This follows the company’s earlier purchase of a high-rise project on Information Technology Park Limited (ITPL) Road during the previous financial year.
ION Exchange
ION Exchange (India) said it has secured contracts worth approximately Rs 205 crore from Rayzon Energy Private Limited and INOX Solar. The contracts involve supplying and executing ultra-pure water and wastewater treatment systems for solar manufacturing facilities.
The largest portion, valued at about Rs 95 crore, is for Rayzon Energy’s 5.1 gigawatt photovoltaic solar project near Surat, Gujarat. The work includes effluent treatment plants and zero liquid discharge systems.
Newgen Software
Newgen Software Technologies said its wholly owned subsidiary in Saudi Arabia has signed an agreement with a public sector bank for developing a loan origination system. The contract is valued at 15,982,125 Saudi riyals, or about Rs 38.64 crore, inclusive of taxes.