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,…
Benchmark indices on Wall Street began the new week on a strong footing as the investors cheered the interim peace deal between the US and Iran which could potential re-open the Strait of Hormuz by Friday, when the deal will be signed. The Dow Jones gained as much as 500 points, albeit cooling off from…
Shares of Aurobindo Pharma Ltd. declined on Monday, June 15, after the US Food and Drug Administration (USFDA) classified the company’s Eugia Pharma Specialities’ Unit III facility as ‘official action indicated’ (OAI). Eugia Pharma is Aurobindo Pharma’s wholly-owned subsidiary. The US drug regulator had inspected the Telangana-based facility from January 27 to February 6 and…
The government’s disinvestment drive continues to gather pace with the announcement of yet another stake sale, this time in General Insurance Corporation of India (GIC), through an Offer for Sale (OFS). With this, the government’s disinvestment collections are set to cross ₹15,000 crore in a matter of just a month. The GIC OFS will be…
India’s benchmark 10-year government bond yield eased to its lowest level since March 25 on Monday (June 15), supported by a sharp decline in crude oil prices following a reported peace agreement between the United States and Iran and growing expectations of increased foreign inflows into Indian assets. The benchmark 10-year bond yield had ended…
Shares of Phoenix Mills Ltd. gained as much as 3% on Monday, June 15, after brokerage firm Macquarie initiated coverage on the stock. The brokerage initiated coverage with an “outperform” rating on Phoenix Mills with a price target of ₹2,100 per share, indicating an upside potential of 19.5% from its previous close. Why Is Macquarie…
Shares of GMR Airports Limited gained more than 3% in Monday’s trade after global brokerage Macquarie initiated coverage on the stock with an ‘Outperform’ rating and a price target of ₹125 per share. The target suggests an upside potential of around 20% from Friday’s closing price. Macquarie believes GMR Airports is well-positioned to benefit from…
Shares of Vedanta Aluminium Metal listed on the bourses on Monday, June 15 as one of the four demerged entities of the currently listed Vedanta Ltd. Vedanta Iron and Steel, Vedanta Oil & Gas and Vedanta Power are the other three entities that have listed on the bourses as well. When Will Vedanta Aluminium List?…
The end of the conflict and the expected easing of energy-related disruptions could provide a significant boost to emerging markets, particularly major oil importers such as India. According to Ed Yardeni, President of Yardeni Research, lower energy risks reinforce the global bull market narrative. At the same time, Arvind Sanger, Managing Partner of Geosphere Capital…
Shares of Larsen and Toubro (L&T) Ltd. have turned positive for 2026 on Monday, June 15, having gained for the second day running after the announcement of the peace deal between the US and Iran. The stock hit an intraday high of ₹4,194.7 apiece on Monday. In hopes of the potential deal announcement over the…
