Key Indian companies made strategic moves today: Asian Paints expands in UAE, Mahindra launches Formula E edition SUV, Wipro invests in AI research, and Havells enters solar energy. Other notable developments include investments, stake sales, and real estate projects shaping growth prospects. Here are few stocks to watch ahead of Thursday's trading session.
By Megha Rani November 26, 2025, 10:26:29 PM IST (Published)

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Asian Paints | 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.

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Mahindra & Mahindra | The company 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 Jan 14, 2026.

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Wipro Ltd | The company, IISc, and FSID have allied to boost research in agentic AI, quantum computing, and quantum-safe solutions, aiming for industry-ready innovations in sectors like telecom and healthcare.

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Havells India | The company 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.

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LG Balakrishnan | The company announced a non-binding MoU with the Tamil Nadu government to secure infrastructure support and regulatory facilitation for future investments, highlighting its commitment to expanding operations in the state.

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Whirlpool of India Ltd| The company's promoter plans to sell 95 lakh shares (7.5% stake) via block deals at a floor price of ₹1,030 per share, totalling around ₹965 crore, with a 90-day post-sale lock-up.

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Patel Engineering Ltd | The company has won two letters of intents worth ₹798.19 crore for coal excavation and transportation at the Jhiria West OCP in Chhattisgarh for SECL, covering overburden removal, coal cutting, loading, transport, and equipment supply.

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Ashoka Buildcon | The company'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 company said on Wednesday (November 26, 2025). The SPVs include Ashoka Highways (Bhandara), (Durg), Belgaum-Dharwad, Sambalpur-Baragarh, and Dhankuni-Kharagpur Tollways.

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Oberoi Realty | The company 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).

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