The global markets, along with GIFT Nifty, indicate that the domestic indices will open on a muted note. Here are updates on all the stocks making headlines. You can check these stocks to stay informed about all key developments.
Earlier on Friday, the NSE Nifty 50 closed the session 100 points or 0.38% lower at 26,042, while the BSE Sensex fell 367 points or 0.43% to close at 85,041.
Stocks to watch on December 29, 2025
Punjab National Bank
Punjab National Bank (PNB) said it has reported a borrowal fraud of Rs 2,433.99 crore to the Reserve Bank of India involving the erstwhile promoters of SREI Equipment Finance and SREI Infrastructure Finance. In a regulatory filing to the stock exchanges, the New Delhi-headquartered lender said that of the total amount, Rs 1,240.94 crore relates to SREI Equipment Finance, while the remaining Rs 1,193.06 crore relates to SREI Infrastructure Finance.
Coforge
Coforge said that it has agreed to acquire US-based digital engineering firm Encora in an all-stock transaction valued at an enterprise value of $2.35 billion (around Rs 21,140 crore), marking one of the largest overseas acquisitions by an Indian mid-tier IT services company and signalling a sharper strategic shift towards AI-led engineering, data and cloud services.
Akums Drugs
Akums Drugs & Pharmaceuticals on Saturday said that Rajkumar Bafna has resigned from his position as President of Finance, citing the severe pollution levels in Delhi as the reason for stepping down. Bafna, who was designated as Senior Management Personnel, will be relieved of his duties effective December 31, 2025, the company confirmed in a regulatory filing.
Manappuram Finance
Gold loan NBFC Manappuram Finance said its board has approved an additional equity infusion of up to Rs 250 crore into its subsidiary Asirvad Micro Finance (AMFL) in one or more tranches. “The fund infused by the company in AMFL is to support its capex and working capital requirements,” Manappuram Finance said in an exchange filing. The Kerala-based lender currently holds 98.31% stake in Asirvad; post the proposed infusion, its shareholding will rise to 98.56%.
Vodafone Idea
Vodafone Idea is positioning 2026 as a year of accelerated network expansion, with a sharper push on 5G deployment alongside continued investment in its 4G infrastructure, chief executive Abhijit Kishore said in a recent note addressing the telco’s customers. He added that the telco has added a significant number of towers across the country to improve coverage and capacity, as it prepares to scale next-generation services more widely.
Titan
Titan is set to enter the niche yet fast-growing lab-grown diamond (LGD) jewellery segment, a market currently dominated by venture capital and PE-backed startups such as Limelight Jewelbox, Wondr Diamonds and Fiona Diamonds. The company on Friday announced that it will launch a new brand, “beYon – from the House of Titan”, with an exclusive retail store in Mumbai on December 29. The brand will cater to the adornment needs of women in lifestyle categories beyond watches, perfumes, sarees and handbags.
Colgate-Palmolive (India)
Colgate-Palmolive (India) has received an income tax demand of Rs 267.64 crore for FY22, primarily arising from transfer pricing adjustments and disallowance of certain expenses, the company said in a regulatory filing. The assessment order was passed under Section 143(3) read with Section 144C(13) of the Income Tax Act, along with a notice of demand under Section 156, according to the disclosure submitted to stock exchanges.
Aurobindo Pharma
CuraTeQ Biologics Private Limited, a wholly owned subsidiary of Aurobindo Pharma, has mutually agreed to terminate its licence agreement with US-based BioFactura Inc for the commercialisation of BFI-751, a proposed biosimilar of ustekinumab (Stelara). The company said the decision followed a strategic review and aligns with CuraTeQ’s portfolio prioritisation efforts. The agreement, executed in July 2023, envisaged the commercialisation of the biosimilar in regulated markets.
NBCC
NBCC (India) said it will get a 21.23-acre land parcel in south Delhi as its share following the settlement of a dispute with the Delhi government, and the company will develop on this site a mixed-use real estate project with an estimated revenue of about Rs 8,500 crore. NBCC will have to pay Rs 220 crore to the Delhi government.
Timex Group
Timex Group Luxury Watches BV, the promoter of Timex Group India, has announced plans to sell a 4.47% stake in the company through an offer for sale (OFS) on the stock exchange on December 29 and 30. The proposed sale will involve up to 45.09 lakh equity shares, representing 4.47% of the company’s paid-up equity capital as of September 30, 2025. The OFS will be conducted at a floor price of Rs 275 per share, according to a regulatory filing by Timex Group India.
