The global indices, along with GIFT Nifty, indicate that the domestic indices will open on a lower note. Here are updates on all the stocks making headlines. You can check these stocks to stay informed about all key developments.
Earlier on Thursday, the NSE Nifty 50 closed the session 17 points or 0.06% higher at 26,147, while the BSE Sensex fell 32 points or 0.04% to close at 85,189.
Stocks to watch on January 02, 2026
Sapphire Foods
Sapphire Foods India is set to merge into Devyani International. Devyani will issue 177 shares for every 100 shares of Sapphirel, and it expects annual synergies of Rs 210 crore to Rs 225 crore from the second full year of operations of the combined entity. As part of the deal, group company Arctic International will acquire about 18.5% of Sapphire Foods’ equity from existing promoters, with an option to assign the stake to a mutually agreed financial investor. The deal comes as fast-food franchisees in India face slowing same-store sales and margin pressures, with consumers cutting back on dining out and ordering in amid high living costs.
Vodafone Idea
Vodafone Idea disclosed that it has received a major tax order under the Goods and Services Tax (GST) law, confirming a penalty of Rs 637.9 crore along with applicable tax demand and interest. The company said it does not agree with the order and will pursue appropriate legal remedies. The order has been passed by the Office of the Additional Commissioner, Central Goods and Services Tax, Ahmedabad South, under Section 74 of the Central Goods and Services Tax Act, 2017.
Zomato
Eternal CEO Deepinder Goyal said the company and Blinkit achieved record delivery volumes on Wednesday, processing over 7.5 million orders, marking an all-time high, even as calls for strikes circulated among delivery partners over recent days. In a post on X (formerly Twitter) on Thursday, Goyal said the company’s food and quick commerce platforms collectively facilitated deliveries to more than 6.3 million customers through 450,000 delivery partners.
Kotak Mahindra Bank
Paritosh Kashyap, Whole-time Director & Executive Director at Kotak Mahindra Bank, said the Reserve Bank of India’s regulatory approach has consistently centred on ease of doing business and enhancing customer experience. Speaking with The Financial Express, Kashyap said the bank’s priorities continue to be SME lending, transaction banking, customer service, and retail assets, while emphasising that SME and transaction banking will be the key growth engines in the bank’s next phase of growth.
TVS Motor
TVS Motor closed 2025 as the leader in India’s electric two-wheeler (E2W) market with a 26% market share in December, even as the overall segment witnessed declining sales for the second consecutive month. The Chennai-based automotive manufacturer recorded a 44% year-on-year jump in electric scooter sales to 25,039 units in December, according to the latest Vahan data. The company’s market share in the E2W segment also grew marginally from 24% in December 2024. The iQube e-scooter maker maintained market leadership in eight of the last 12 months of 2025.
Bharat Electronics
Bharat Electronics (BEL) has secured additional orders worth Rs 569 crore since its last disclosure on December 29. In a BSE filing on Thursday, January 01, the company said the major orders received include communication equipment, medical electronics, instant fire detection and suppression systems, upgrades, spares, and services. The company has not mentioned from which firm it received the orders.
Ola Electric
Ola Electric announced market expansion supported by increased service capacity under its in-app Hyperservice initiative. The company added that under the Hyperservice initiative, it registered 9,020 units in December, which increased its month-on-month market share to 9.3% for the month, compared to the previous month’s market share (November 2025) of 7.2%. Further, the company said that with the Hyperservice initiative, its market share for the second half of December increased to nearly 12%, signalling an increase in demand.
Britannia Industries
Britannia Industries said that it has received an order from the Office of the Principal Commissioner of CGST & Central Excise, Chennai North Commissionerate, Tamil Nadu. According to the disclosure, the order covers six financial years from FY 2018–19 to FY 2023–24 and alleges incorrect availment of input tax credit. The tax demanded amounts to RS 108.50 crore, along with an equivalent penalty, in addition to applicable interest.
RailTel Corporation
RailTel Corporation of India announced that it has received a Letter of Acceptance (LoA) from the Assam Health Infrastructure Development & Management Society (Ahidms) for a major project. The order pertains to the procurement, implementation, and maintenance of a Hospital Management Information System (HMIS) and is awarded by a domestic entity. The estimated size of the order is Rs 567 crore. The project is scheduled to be executed by January 31, 2032.
RBL Bank
RBL Bank informed that it had made applications to the Reserve Bank of India and the Government of India for temporarily capping foreign shareholding at 24% of the total equity instruments of the bank on a fully diluted basis. The request has not been acceded to under the extant rules and regulations. The update is in relation to the proposed investment by Emirates NBD Bank (P.J.S.C) through a preferential issue of equity shares.
NMDC
NMDC produced 5.40 MT in December 2025, up 14.7% from 4.71 MT in the year-ago period. This included 1.52 MT from Karnataka and 3.88 MT from Chhattisgarh. Sales in December rose to 4.64 MT from 3.91 MT a year earlier. Chhattisgarh accounted for 3.21 MT, while Karnataka contributed 1.43 MT.
