Stocks to Watch, December 3: Public sector banks, Maruti, ICICI and HDFC Bank, Sun Pharma, CEAT, India Cements, Quality Power, IRFC
Stocks to Watch: Shares of the Indian Railway Finance Corporation Ltd (IRFC) will be in focus on Wednesday, December 3, as it signed a loan agreement with Sumitomo Mitsui Banking Corp (SMBC), GIFT City Branch, Gujarat, for raising an external commercial borrowing (ECB) loan of Japanese yen (JPY) equivalent to $300 million.
Here is a list of stocks that may remain in focus today.
The three lenders will be required to hold additional capital buffers, expressed as a percentage of risk-weighted assets, over and above the Capital Conservation Buffer, the RBI said.
SBI has an additional Common Equity Tier 1 (CET1) requirement of 0.80% of RWAs, while HDFC Bank has 0.40%, and ICICI Bank has 0.20%.
The Reserve Bank had first issued the 'Framework for Dealing with Domestic Systemically Important Banks (D-SIBs)' on July 22, 2014, which was subsequently updated on December 28, 2023.
The OFS of BoM opened for subscription earlier on Tuesday for non-retail investors at a floor price of Rs 54 per share.
On the first day, it was subscribed over 400% of the base size of 38.46 crore shares, triggering the exercise of the green shoe option of an additional 1%.
According to the bulk deal data available on the National Stock Exchange (NSE), Bajaj Finance Ltd sold 16.66 crore (16,66,00,000), representing a 1.99% stake in Bajaj Housing Finance.
The shares were disposed of at an average price of ₹95.31 apiece, taking the transaction value to ₹1,587.86 crore.
After the latest transaction, Bajaj Finance's holding in Bajaj Housing Finance has dropped to 86.71% from 88.70%.
The ECB loan, with a tenure of five years, will be benchmarked to the Overnight Tokyo Overnight Average Rate (TONAR), the Navranta PSU said in a regulatory filing dated December 2.
“This becomes the first foray of IRFC 2.0 in the ECB market after its diversification move in the infrastructure space, having backward or forward linkage,” the company stated.
AdaniConneX (ACX), a joint venture of Adani Enterprises Ltd and data centre operator EdgeConneX, executed a share purchase agreement on November 21, 2025, with TCTPPL and Shree Naman Developers and Jayesh Shah (existing shareholders of TCTPPL) to acquire a 100% stake in TCTPPL.
The objective of the MoU is to explore the possibility of joint investments for the development, mining and processing of existing assets of HCL and also to collaborate on existing and future domestic/overseas copper and critical mineral projects.
Upon completion of the said sale, PT Adcoal would cease to be the subsidiary of the company, and consequently, PT Mitra Setia Tanah Bumbu, Indonesia (“MSTB”), in which PT Adcoal holds a 49% equity investment, would cease to be an associate of the company.
Compulsorily Convertible Preferred Stock of NJ Bio Inc., USA, a subsidiary of the Company, up to an amount of $10 million. The fund, when deployed, will be used by the said subsidiary to support its growth initiatives, including capex.
With inputs from PTI
