Market Watch: Ola Electric Mobility, Indian Overseas Bank, Reliance Industries, and More in Focus Today

A range of corporate announcements across sectors is likely to keep several stocks in focus today. From promoter stake sales and government divestment plans to fresh order wins, the updates span automobiles, banking, consumer goods, infrastructure, defence and pharmaceuticals. Here is a look at the key stocks expected to see action in trade today. On December 16, the benchmark indices ended lower, with the BSE Sensex closing at 84,679.86, down 533.50 points or 0.63%. The Nifty 50 also declined 167.20 points, or 0.64%, to finish at 25,860.10. Stocks to watch today, December 17, 2025 Shares of Ola Electric Mobility will be in focus after co-founder Bhavish Aggarwal sold 2.6 crore shares, or about 0.6% equity, through a bulk deal. The shares were sold at an average price of Rs 34.99, taking the transaction value to nearly Rs 92 crore. The company clarified that the sale was a one-time move to repay a promoter-level loan of Rs 260 crore. Following this, all previously pledged shares, amounting to 3.93% of equity, will be released. As of September 2025, the promoter continued to hold a little over 30% stake in the company. Indian Overseas Bank will remain on investors radar after the Government of India announced an offer for sale of up to 3% equity through the stock exchange mechanism. The base offer includes 38.51 crore shares, representing 2% of the bank’s paid-up capital, along with a green shoe option for an additional 1%. If fully exercised, the total offer size will be close to 57.77 crore shares. Reliance Industries is in focus after its consumer business, Reliance Consumer Products, announced its entry into the packaged foods segment. The company has relaunched the legacy brand SIL as its flagship offering, starting with products such as noodles, jams, ketchups, sauces and spreads. NBCC (India) announced new work orders worth about Rs 345.04 crore, excluding Goods and Services Tax. The major portion includes a project management consultancy assignment from the Indian Institute of Technology, Mandi, valued at nearly Rs 333 crore. The orders were received in the ordinary course of business, according to the company. Shares of BEML may see action after the defence public sector undertaking announced that it has secured an order worth around Rs 110 crore from the Ministry of Defence. The contract involves the supply of engines and was disclosed through a stock exchange filing. Glenmark Pharmaceuticals wholly owned subsidiary, Glenmark Specialty Sociedad Anonima, entered into an exclusive licensing and distribution agreement with Jiangsu Hansoh Pharmaceutical Group Company. The agreement relates to Aumolertinib, a third-generation epidermal growth factor receptor tyrosine kinase inhibitor used for treating non-small cell lung cancer, strengthening Glenmark’s oncology portfolio. Protean eGov Technologies board approved the acquisition of a 4.95% equity stake in National Securities Depository Limited Payments Bank. The company will invest Rs 30.2 crore through a cash-based equity subscription for over 93 lakh shares. The transaction is expected to be completed within 60 days from the execution of the agreement, subject to customary approvals.