Top Indian Stocks to Watch: Asian Paints, Ashoka Buildcon, Oberoi Realty, Whirlpool, and More
Several key Indian companies have made strategic moves that are likely to influence their stock prices in the coming days. These developments include expansions, new product launches, and significant real estate projects. Here’s a closer look at the stocks to watch ahead of Thursday's trading session.
Asian Paints, a leading paints manufacturer, announced that its step-down subsidiary, Berger Paints Emirates Ltd Co (LLC), UAE, will set up its second paint manufacturing facility in the UAE. The project, with an investment of AED 140 million (around ₹340 crore), will have an initial production capacity of 55,800 KL per year and will be located within Khalifa Economic Zones Abu Dhabi (KEZAD) on a 100,000 square metre site.
Mahindra & Mahindra has launched the BE 6 Formula E Edition, a special electric SUV inspired by motorsport, bringing Formula E racing design and performance to Indian streets. Priced at ₹23.69 lakh for the FE2 variant and ₹24.49 lakh for FE3, bookings start from January 14, 2026. This move is expected to boost the company's presence in the growing electric vehicle market.
Wipro Ltd, in collaboration with the Indian Institute of Science (IISc) and FSID, has allied to boost research in agentic AI, quantum computing, and quantum-safe solutions. This partnership aims to develop industry-ready innovations in sectors like telecom and healthcare, positioning Wipro at the forefront of technological advancements.
Havells India has approved acquiring a 26% stake in SPV Kundan Solar (Pali) Pvt Ltd to develop a 15 MWac solar power plant under a captive arrangement at an investment of ₹5.63 crore. This move aligns with the company's commitment to sustainable energy and is expected to enhance its renewable energy portfolio.
LG Balakrishnan has announced a non-binding MoU with the Tamil Nadu government to secure infrastructure support and regulatory facilitation for future investments. This highlights the company's commitment to expanding its operations in the state, which could lead to significant growth opportunities.
Whirlpool of India Ltd's promoter plans to sell 95 lakh shares (7.5% stake) via block deals at a floor price of ₹1,030 per share, totaling around ₹965 crore, with a 90-day post-sale lock-up. This stake sale could impact the company's stock price and investor sentiment.
Patel Engineering Ltd has won two letters of intent worth ₹798.19 crore for coal excavation and transportation at the Jhiria West OCP in Chhattisgarh for SECL. The project covers overburden removal, coal cutting, loading, transport, and equipment supply, which is expected to boost the company's revenue and operational capabilities.
Ashoka Buildcon's subsidiary, Ashoka Concessions Ltd, has sold its entire stake in five SPVs to Maple Infrastructure Trust and nominees for ₹1,814.42 crore. The SPVs include Ashoka Highways (Bhandara), (Durg), Belgaum-Dharwad, Sambalpur-Baragarh, and Dhankuni-Kharagpur Tollways. This divestment is a significant financial move that could impact the company's balance sheet and future projects.
Oberoi Realty has announced an agreement to redevelop 4,706 sq. m of land at Nepean Sea Road, Mumbai, with an estimated free sale component of around 1.18 lakh sq. ft (RERA carpet area). This redevelopment project is expected to enhance the company's real estate portfolio and contribute to its growth in the Mumbai market.
These strategic moves by key Indian companies are likely to influence their stock prices and investor sentiment. Investors should keep a close eye on these developments to make informed decisions in the coming trading session.
