Stocks to Watch Today, June 16: Indian stock markets are set to track a busy news flow on Tuesday, with investors expected to focus on companies announcing major orders, fundraising plans, strategic investments, mergers, and corporate actions.
Stocks to watch today include Siemens, Waaree Energies, HCLTech, Adani Enterprises, Bharti Airtel, SBI, Vedanta, and Maruti Suzuki, among others. Key developments ranging from metro rail contracts and AI investments to fundraising proposals and stake acquisitions could drive stock-specific action and influence broader market sentiment during the trading session.
Here’s the list of stocks to watch out for in today’s trading session:
Pune Metro Order Win
Siemens secured an order from Titagarh Rail Systems to supply advanced propulsion and train control & monitoring systems (TCMS) for the Pune Metro Rail extension project.
Rs 10,000 Crore Fundraising Approved
Shareholders approved Waaree Energies’ proposal to raise up to Rs 10,000 crore through a Qualified Institutions Placement (QIP) of equity shares.
New Bengaluru Housing Project
Shriram Properties partnered with a landowner to develop a residential project in Bengaluru, with an estimated revenue potential exceeding Rs 600 crore.
HCLTech
Invests in Sarvam AI
HCLTech will acquire a 10.46 per cent stake in sovereign AI startup Sarvam AI for Rs 1,427 crore.
AI Manufacturing Partnership
Adani Group and Jabil plan a strategic alliance to build an integrated AI and data centre hardware manufacturing platform in India for global and domestic markets.
Sebi Case Settled
Angel One settled a Sebi case involving alleged stock broker regulation violations by paying Rs 4.28 crore under the regulator’s settlement mechanism.
Launches Maintenance Plan
Maruti Suzuki introduced a prepaid Smart Maintenance Plan, offering existing customers a convenient and cost-effective after-sales service package.
Vedanta
Expansion and Relisting Plans
Vedanta Chairman Anil Agarwal indicated a potential overseas relisting of Vedanta Resources and outlined aggressive growth plans across key business verticals.
Airtel Africa Stake Increase
Bharti Airtel received near-unanimous shareholder approval to increase its stake in Airtel Africa by 16.31 per cent through a Rs 28,220 crore share-swap deal.
Fundraising Proposal
SBI’s board will meet on June 18 to consider fundraising options for FY27 through public offerings or private placements.
Merger Proposal Advances
Devyani International received “no objection” observations from NSE and BSE for its proposed scheme of arrangement with Sapphire Foods.
Ex-Dividend Watch
R R Kabel will trade ex-dividend as investors track eligibility for the company’s final dividend payout of Rs 5.50 per share.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
