🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• Vedanta Limited: In a landmark move for the Indian metals and energy sector, the four demerged entities—Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, and Vedanta Iron & Steel—are scheduled to commence trading on the NSE and BSE today, June 15. The move is expected to facilitate market-driven price discovery and unlock significant shareholder value.
• National Stock Exchange (NSE): The country’s largest exchange is reportedly set to file its Draft Red Herring Prospectus (DRHP) for its long-awaited IPO today or tomorrow. The issue is expected to be an entirely Offer for Sale (OFS) by existing shareholders, including LIC and SBI.
• Reliance Industries (Jio Platforms): The company’s technology arm has broken into the global top 20 in the WIPO Patent Cooperation Treaty (PCT) rankings. Additionally, RIL is in focus following reports of a 168 MW AI-enabled data center project in Jamnagar for Meta.
• JSW Energy: The company has successfully commissioned its 150 MW Tidong Hydro Project in Himachal Pradesh well ahead of its October 2026 deadline. The project operates under a long-term PPA with UP Power Corporation.
• Dr. Reddy’s Laboratories: The pharmaceutical major has announced the launch of Bosutinib tablets (400 mg) in the US market, a generic equivalent of Bosulif, used for treating Chronic Myeloid Leukemia.
• Adani Green Energy: The company plans to commission a massive 14 gigawatt-hour (GWh) battery energy storage system (BESS) at Khavda, Gujarat, by the end of the current fiscal year to minimize renewable energy wastage.
• Power Grid Corporation: The firm has been declared the successful bidder for an inter-state transmission project in Kakinada, aimed at supporting green hydrogen and green ammonia initiatives.
• Meesho: The e-commerce platform is set to acquire Kirana Club for ₹202.08 crore in a strategic three-tranche transaction, making it a wholly-owned subsidiary.

Neutral Developments

• HDFC Bank: The private lender remains in focus as it approaches its dividend record date of June 19. The board has recommended a final dividend of ₹13 per share for FY26.
• Tata Motors (Passenger Vehicles): The company has announced a price hike of up to 1.5% across its entire portfolio, including EVs and ICE vehicles, effective July 1, 2026, to offset rising input costs.
• Krishna Institute of Medical Sciences (KIMS): The board has approved the issuance of over 77 lakh warrants at a price of ₹779 per warrant on a preferential basis.
• SMC Global Securities: The stock will trade with the record date for its final dividend of ₹0.60 per share today.

Negative News

• Tata Motors (JLR): Brokerage firm Jefferies has maintained an "Underperform" rating on the stock with a target price of ₹300, citing structural challenges at Jaguar Land Rover (JLR) and rising warranty costs.
• Adani Group: While US criminal charges against Gautam Adani were reportedly dropped due to lack of evidence, the group chairman has agreed to pay a $6 million civil penalty to the SEC to settle a lawsuit without admitting guilt, which may weigh slightly on sentiment despite the broader legal relief.
• Indiabulls Group: The group saw its market capitalization decline by 4.5% in the previous session, with Dhani Services leading the laggards.

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