Here's a news article summarizing the stock market outlook for Ola, Biocon, IndiGo, ITC Hotels, and Eternal, focusing on Monday, December 8, 2025:
Stocks To Watch Today: Ola, Biocon, IndiGo, ITC Hotels, Eternal In Focus On Monday
Indian stock markets are expected to be active on Monday, December 8, 2025, with several companies drawing investor attention. Key factors influencing market sentiment include ongoing company-specific developments, broader economic trends, and global cues.
Ola Electric: Shares of Ola Electric Mobility Ltd continue to face downward pressure. On Friday, December 5, the stock hit an all-time low of ₹34.73, marking a significant decline of over 58% year-to-date. Technical analysts suggest the stock remains in a bearish trend, trading below key Exponential Moving Averages (EMAs). Key support levels are identified around ₹30-₹32.50, while resistance is expected in the ₹40-₹43 zone. Despite these challenges, Ola Electric has announced the commencement of mass deliveries of its 4,680 Bharat Cell power vehicles. The S1 Pro+ (5.2kWh) is the first product powered by the company's indigenously manufactured 4,680 Bharat Cell battery pack that delivers more range, better performance and enhanced safety. However, Ola Electric's market share in the EV two-wheeler space has seen a reset, with legacy OEMs taking the lead.
Biocon: Biocon is set to integrate Biocon Biologics to create a unified global biopharmaceutical platform. The company will acquire the remaining stakes in Biocon Biologics from Serum, Tata Capital, and Activ Pine through a share swap, valuing Biocon Biologics at $5.5 billion. Additionally, Biocon will purchase Mylan Inc's residual stake for $815 million. To fund this, the company has approved raising up to ₹4,500 crore via Qualified Institutional Placement (QIP). The share-swap ratio is fixed at 70.28 Biocon shares for every 100 Biocon Biologics shares, at a share price of ₹405.78 per Biocon share. As of December 5, 2025, Biocon's stock was trading at ₹392.65, with a 52-week range of ₹291.00 to ₹424.95. The integration process is expected to be completed by March 31, 2026.
IndiGo: IndiGo (InterGlobe Aviation) is dealing with operational disruptions that led to significant flight cancellations. The airline has requested a two-month exemption from specific night duty rules from the DGCA to restore stable operations by February 10, 2026. Despite these challenges, IndiGo has stated that it is steadily restoring operations by reducing cancellations, improving schedules, and prioritizing customer support. Cancellations have dropped below 850 flights, and the airline is working to rebuild customer trust. IndiGo has restored 95% of its network connectivity and plans to operate 1,500 flights. Analysts suggest that the recent decline in IndiGo's share price could be a good entry opportunity for long-term investors, despite near-term volatility.
ITC Hotels: Shares of ITC Hotels were actively traded following a massive block deal. Nearly 18.75 crore shares, representing about 9% of ITC Hotels' outstanding equity, changed hands. British American Tobacco (BAT) is reducing its exposure to the hospitality business and sold shares at a floor price of ₹205.65 per share. ITC Ltd currently owns 39.85% of ITC Hotels, remaining the largest shareholder. On Friday, ITC Hotels share price was trading at ₹205.60, down 1.01%. Investors are closely watching whether the large block deal stabilizes the stock.
Eternal: Eternal is expected to be in focus due to a potential block deal where an institutional investor may offload up to 0.5% equity. The shares may be sold at ₹289.5 apiece, representing a marginal discount to the current market price. This stake sale occurs amidst significant capital-raising activities by rivals in the quick-commerce sector.
