Stocks to Watch Today, June 23: Indian stocks are likely to see company-specific action on June 23, with investors tracking a series of corporate developments across sectors. Vodafone Idea raised fresh funds from promoter Aditya Birla Group, while Hindustan Zinc announced a clean-energy collaboration and Syrma SGS entered a joint venture focused on Japanese clients.
Vedanta Aluminium outlined expansion plans, JSW Infrastructure launched its qualified institutional placement (QIP), and Ambuja Cements, Delhivery, Maruti Suzuki and Sumeet Industries also reported key business updates.
Created with AI. Errors are possibleHere’s the list of stocks to watch in today’s trading session:
Promoter Infusion of Rs 1,182 Crore
Debt-ridden Vodafone Idea has raised Rs 1,182 crore from promoter Aditya Birla Group through an issue of warrants, according to an exchange filing.
Green Hydrogen Evaluation Partnership
Hindustan Zinc has collaborated with Advantek Associates LLP and Aero Eagle Automobiles Pvt Ltd to evaluate green hydrogen and alternative clean-energy solutions across its operations.
JV with Kaga Electronics for Japanese Clients
Syrma SGS and Kaga Electronics have signed a pact to form a joint venture focused on manufacturing for Japanese clients.
Plans to Double Production Capacity
Vedanta Aluminium Metal Ltd (VAML) said it aims to increase its production capacity to 60 lakh tonnes per annum (LTPA) to cater to growing demand from infrastructure, automotive, and electrification sectors.
Rs 200 Crore Rights Issue Planned
Sumeet Industries is looking to raise nearly Rs 200 crore through a rights issue to fund plant acquisition, a captive solar project, and debt reduction.
Delhivery
Enhanced Welfare Benefits for Workforce
Delhivery has announced welfare programmes for its 1 lakh frontline workers, including accidental insurance, family health cover, and children’s scholarships.
Low-Carbon Cement Project Collaboration
Ambuja Cements has partnered with Leilac to develop a commercial-scale low-carbon cement production project at its Sanghipuram plant in Kutch, Gujarat.
Manufacturing Labs at Gujarat ITIs
Maruti Suzuki India will establish advanced manufacturing laboratories at five Industrial Training Institutes in Gujarat.
Launches QIP Issue
The company launched its QIP (Qualified Institutional Placement) issue on June 22, with a floor price of Rs 290.35 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.)
