Top Stocks to Watch: Asian Paints, Ashoka Buildcon, Oberoi Realty, Whirlpool, and More
Key Indian companies have made significant strategic moves, setting the stage for potential growth and investment opportunities. From expanding operations overseas to launching innovative products and securing major real estate deals, these developments are worth keeping an eye on. Here are the stocks to watch ahead of the upcoming trading session.
Asian Paints, one of India's leading paint manufacturers, has announced the expansion of its operations in the United Arab Emirates (UAE). The company’s step-down subsidiary, Berger Paints Emirates Ltd Co (LLC), 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. The facility will be located within Khalifa Economic Zones Abu Dhabi (KEZAD) on a 100,000 square metre site. This move is expected to strengthen Asian Paints' presence in the Middle East and enhance its global footprint.
Mahindra & Mahindra, a prominent player in the Indian automotive industry, has launched the BE 6 Formula E Edition, a special electric SUV inspired by motorsport. This unique vehicle brings 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 for the BE 6 Formula E Edition will start from January 14, 2026. This launch is a significant step in Mahindra's commitment to electric mobility and innovation in the automotive sector.
Wipro Ltd, a leading technology and consulting company, has formed a strategic alliance with the Indian Institute of Science (IISc) and the Future Systems Innovation Division (FSID) to boost research in agentic AI, quantum computing, and quantum-safe solutions. The collaboration aims to develop industry-ready innovations in sectors such as telecom and healthcare. This partnership underscores Wipro's commitment to cutting-edge technology and its potential to drive future growth.
Havells India, a major player in the electrical and lighting industry, has approved the acquisition of a 26% stake in SPV Kundan Solar (Pali) Pvt Ltd to develop a 15 MWac solar power plant under a captive arrangement. The investment of ₹5.63 crore is part of Havells' strategy to diversify its portfolio and tap into the renewable energy market. This move aligns with the company's commitment to sustainable growth and energy efficiency.
LG Balakrishnan, a leading engineering and construction company, has signed a non-binding Memorandum of Understanding (MoU) with the Tamil Nadu government to secure infrastructure support and regulatory facilitation for future investments. The MoU highlights LG Balakrishnan's commitment to expanding its operations in the state and contributing to the region's economic development.
Whirlpool of India Ltd, a leading home appliances manufacturer, has announced that its 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. The stake sale will be followed by a 90-day post-sale lock-up. This move is expected to bring in significant capital and potentially reshape the company's ownership structure.
Patel Engineering Ltd, a leading infrastructure company, 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 includes overburden removal, coal cutting, loading, transport, and equipment supply. This win underscores Patel Engineering's strong presence in the infrastructure and mining sectors and its capability to execute large-scale projects.
Ashoka Buildcon, a leading infrastructure development company, has sold its entire stake in five Special Purpose Vehicles (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 strategic move to optimize the company's asset portfolio and focus on core projects.
Oberoi Realty, a prominent real estate developer, 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 add significant value to the company's portfolio and enhance its presence in the premium real estate market.
These strategic moves by key Indian companies highlight their commitment to growth, innovation, and sustainability. Investors and market watchers should keep a close eye on these stocks for potential opportunities and trends.
