Stocks to Watch Today (December 02, 2025): Hero Motocorp, NMDC, Bajaj Housing Finance, MOIL. ICICI Bank, Bharat Dynamics, Thyrocare Technologies and more

Stocks to Watch Today (December 02, 2025): Indian equities will track several corporate developments and fresh business updates on Tuesday, 02 December. Market attention will be on bonus listings, OFS plans, auto sales data, monthly production updates and major order wins across sectors.

The company will list 10.61 crore bonus shares today.

Bank of Maharashtra

The Government of India will open its OFS for non-retail investors today. Floor price is set at Rs. 54 per share.

The automaker will launch its first electric vehicle, the Maruti E-Vitara.

– Hero MotoCorp reported strong November sales.
– Two-wheeler sales rose to 6.04 lakh units from 4.5 lakh units, up 34% (Estimates: 5.8 lakh).
– Domestic sales increased to 5.7 lakh units from 4.39 lakh units.
– Exports improved to 33,970 units from 20,028 units.

– Domestic commercial vehicle and SUV sales jumped 59.2% YoY to 2,765 units.
– Exports of commercial vehicles and SUVs fell 21% YoY to 118 units.
– Total sales rose 52.9% YoY to 2,883 units.

– The company posted strong YoY growth in its consolidated results.
– Revenue rose 181.1% to Rs. 1,131 crore.
– EBITDA jumped 331.2% to Rs. 399.4 crore.
– Margins improved to 35.3% from 23%.
– PAT surged 577.5% to Rs. 237.9 crore.

– Iron ore production for November rose 11% YoY to 5 MT.
– Iron ore sales increased 4% YoY to 4.17 MT.
– April–November production rose 21% YoY to 31.48 MT.
– April–November sales rose 9% YoY to 30.3 MT.

– Bajaj Finance will divest 2% stake to meet minimum public shareholding norms.
– Offer size estimated at Rs. 1,577 crore.
– Floor price is Rs. 95 per share.
– The stake sale will take place between 2 December and 28 February in multiple or single tranches.

– The company increased prices of manganese ore across ferro grades by 3%.

– GOI will sell 6% stake via OFS, amounting to 38.45 crore shares.
– Floor price is Rs. 54.
– Non-retail window opens today; retail window opens on 3 December.

ICICI Prudential AMC received SEBI approval for its IPO, as per media reports.

The company secured new orders worth Rs. 884 crore in November. Orders are for marine and industrial civil infrastructure work.

– The company launched its premium project ‘Invictus by GS, BKC’.
– Revenue potential estimated at Rs. 2,000 crore.
– Marks Raymond’s pivot into the ultra-luxury segment.
– This project is key for the company’s plan to reach Rs. 4,000 crore topline by FY28.

The company received an additional order worth Rs. 2,461 crore. Order is for ATGMs and SAM systems under the emergency procurement scheme.

– Subsidiary VM7 Expressway will sell its entire stake to IRB InvIT Fund for Rs. 513 crore.
– The deal will support growth opportunities for IRB Infra and offer long-term cash flows for the InvIT.
– LIC increased its stake in IRB from 4.98% to 5% by acquiring 9 lakh shares.

Subsidiary IL JIN Electronics acquired 80% stake in Shogini Technoarts Pvt Ltd for Rs. 506 crore.

The company formed a JV with Unitec of Mondial Group for manufacturing cylindrical roller bearings. NRB will hold 75% in the JV.

Board approved raising Rs. 250 crore via rights issue. CFO Anish Mathew resigned; N. Shankar appointed as new CFO effective 1 December.

SEBI closed its non-compliance case without penalty after finding no fraud or investor loss.

Balaji Narayanamurthy appointed as Chief Data Officer effective 1 December.

Committee meeting on 5 December to consider raising Rs. 500 crore via debentures.

Board meeting on 4 December to consider NCD issuance.