Stocks to Watch Today, June 18: Indian stocks are set to be in focus on Thursday as investors react to a series of corporate developments spanning telecom, infrastructure, pharmaceuticals, financial services, hospitality and power.
Bharti Airtel, HFCL, IHCL, GIC Re, Lupin, Axis Bank, Vedanta Power and Rail Vikas Nigam will be closely watched after announcing leadership changes, order wins, capacity expansions, stake sales and strategic growth initiatives that could influence sentiment and trading activity in the session ahead.
New Regulatory Chief Appointed
Bharti Airtel has named Rahul Vatts as Group Chief Regulatory Officer and Director of Corporate Affairs, strengthening its leadership team for regulatory and corporate affairs functions.
BharatNet Phase-3 Order Win
HFCL secured a Rs 2,666 crore contract from Rail Vikas Nigam Ltd to supply telecom equipment for the BharatNet Phase-3 project across India.
Indian Hotels Company (IHCL)
New Airport Catering Facility
TajSATS, an IHCL subsidiary, inaugurated an in-flight catering kitchen at Noida International Airport, enhancing aviation catering services in Uttar Pradesh.
General Insurance Corporation of India (GIC)
Government Divests Stake
The government sold a 5 per cent stake in GIC through an offer for sale, attracting strong investor participation and market interest.
Lupin
US Market Product Launch
Lupin launched Azilsartan Medoxomil Tablets in 40mg and 80mg strengths in the US after receiving approval from the US FDA.
Partners with BITS Pilani
Axis Bank and BITS Pilani will establish a Rs 100 crore research and innovation park in Hyderabad to promote deep-tech and translational research.
Exploring New Energy Segments
Vedanta Power is assessing opportunities in hydroelectricity, battery storage, and nuclear energy as part of its long-term business diversification strategy.
Major Railway Infrastructure Contract
RVNL received a Rs 967.92 crore LoA from East Coast Railway for bridge construction on key railway expansion projects in Odisha and Andhra Pradesh.
(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.)
