Indian equity markets extended their positive momentum on Monday, December 22, supported by a recovery in the rupee and encouraging global cues. The Sensex advanced 638 points, or 0.75%, to close at 85,567.48, while the Nifty 50 gained 206 points, or 0.79%, ending the session at 26,172.40.
Broader markets outperformed the frontline indices, with the BSE Midcap index rising 0.86% and the Smallcap index climbing 1.12%, indicating improving risk appetite among investors. Infosys, Bharti Airtel, and ICICI Bank led gains on the Sensex, while only SBI, Kotak Mahindra Bank, and Larsen and Toubro closed in negative territory.
With markets showing resilience and stock specific triggers driving momentum, here are select stocks to watch in today’s trading session.
Hindustan Unilever Ltd. (NSE: HINDUNILVR)
Hindustan Unilever remains a preferred large cap pick as analysts continue to see meaningful upside potential in the stock. As per recent analyst consensus, the stock is trading around ₹2,280 with an average target price of ₹2,784, indicating an upside potential of about 22%. The consensus recommendation from 38 analysts remains Buy.
The company’s strong brand portfolio, pricing power, and resilient cash flows provide stability even in volatile market conditions. Improving rural demand trends and easing input cost pressures are expected to support margin recovery over the coming quarters. Given its defensive nature and long term earnings visibility, Hindustan Unilever remains attractive for investors seeking steady returns with relatively lower volatility.
Key Details
| Metric | Details |
| Closing Price (as of Dec 22, 2025) | ₹2,289.50 |
| Average Trading Volume | 1.76 million |
| Company Type | Largecap stock |
| Market Capitalisation | ₹5.36 lakh crore |
| P/E Ratio | 49.56 |
| Dividend Yield | 1.87% |
| Day Range | ₹2,280.70 – ₹2,300.40 |
| 52 week Range | ₹2,136.00 – ₹2,750.00 |
| Beta | 0.40 |
Devyani International Ltd. (NSE: DEVYANI)
Devyani International has recently touched fresh 52 week lows, reflecting sustained selling pressure and weak investor sentiment. The stock has been trading below all major moving averages and has significantly underperformed both the broader market and its sector over the past year.
While near term challenges persist due to weak profitability, elevated debt levels, and negative quarterly earnings, the stock has entered deeply oversold territory. With institutional investors continuing to hold a meaningful stake, Devyani International may remain on the radar for investors tracking potential mean reversion or turnaround opportunities, especially if operational performance stabilises.
Key Details
| Metric | Details |
| Closing Price (as of Dec 22, 2025) | ₹139.27 |
| Average Trading Volume | 2.80 million |
| Company Type | Midcap stock |
| Market Capitalisation | ₹16.90KCr |
| P/E Ratio | – |
| Dividend Yield | – |
| Day Range | ₹136.65 – ₹140.07 |
| 52 week Range | ₹122.25 – ₹209.75 |
| Beta | 1.06 |
Garden Reach Shipbuilders and Engineers Ltd. (NSE: GRSE)
Garden Reach Shipbuilders has gained traction amid renewed buying interest in defence sector stocks. After a recent correction, defence counters have witnessed value buying, supported by long term demand visibility, government led defence modernisation, and easing geopolitical concerns.
The company has delivered strong financial performance, reporting robust growth in revenue and profits in recent quarters. Over the past year, the stock has gained over 40%, significantly outperforming the broader capital goods index. With a healthy order book and continued focus on indigenisation and exports, GRSE remains well positioned to benefit from structural tailwinds in the defence manufacturing space.
Key Details
| Metric | Details |
| Closing Price (as of Dec 22, 2025) | ₹2,427.00 |
| Average Trading Volume | 1.55 million |
| Company Type | Midcap |
| Market Capitalisation | ₹27.57KCr |
| P/E Ratio | 44.75 |
| Dividend Yield | 0.57% |
| Day Range | ₹2,398.10 – ₹2,441.00 |
| 52 week Range | ₹1,184.90 – ₹3,538.40 |
| Beta | 1.62 |
RITES Ltd. (NSE: RITES)
RITES has come into focus following multiple positive international developments. The Navratna PSU recently secured a USD 35.2 million order from South Africa for the supply and commissioning of diesel electric locomotives. Additionally, the company signed a memorandum of understanding with the Government of Botswana to support the modernisation of railway and transport infrastructure.
The stock has been on an upward trajectory over the last few sessions, gaining nearly 8% in three days, reflecting improving investor sentiment. RITES’ diversified global presence, steady order inflows, and attractive dividend yield continue to support its investment case.
Key Details
| Metric | Details |
| Closing Price (as of Dec 22, 2025) | ₹232.60 |
| Average Trading Volume | 788.83 thousand |
| Company Type | Midcap |
| Market Capitalisation | ₹11.48KCr |
| P/E Ratio | 27.89 |
| Dividend Yield | 3.29% |
| Day Range | ₹234.50 – ₹239.99 |
| 52 week Range | ₹192.40 – ₹316.00 |
| Beta | 1.51 |
Cochin Shipyard Ltd. (NSE: COCHINSHIP)
Cochin Shipyard has witnessed strong buying interest amid a broader rally in defence stocks. Investor optimism is driven by the company’s robust order book, involvement in strategic naval programmes, and its position as India’s largest public sector shipbuilder and repair facility.
The company is engaged in multi-year defence projects, including the construction of next generation missile vessels for the Indian Navy, providing long term revenue visibility. While the stock remains below its 52 week highs and may witness volatility in the near term, the structural growth drivers linked to defence spending and domestic manufacturing continue to support its medium to long term outlook.
Key Details
| Metric | Details |
| Closing Price (as of Dec 22, 2025) | ₹1,666.30 |
| Average Trading Volume | 859.56 thousand |
| Company Type | Midcap |
| Market Capitalisation | ₹43.50KCr |
| P/E Ratio | 57.21 |
| Dividend Yield | 0.59% |
| Day Range | ₹1,645.90 – ₹1,677.90 |
| 52 week Range | ₹1,180.20 – ₹2,545.00 |
| Beta | 1.44 |
Conclusion
Stock market investing does not offer guaranteed returns, and today’s recommendations are based on prevailing market trends, sector specific developments, and company level triggers. Investors should assess fundamentals such as earnings visibility, balance sheet strength, order pipelines, and valuations, alongside technical indicators and broader market sentiment.
Risk management remains essential. Use stop loss strategies, appropriate position sizing, and clearly defined entry and exit levels to protect capital and align investments with your risk tolerance.
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