🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• HCL Technologies: The company has acquired a 10.46% stake in Axonwise Private Limited (Sarvam AI) for ₹1,427.25 crore, marking a significant investment in the domestic artificial intelligence landscape.
• Bharti Airtel: The telecom giant has incorporated a new wholly owned subsidiary, Airtel Global IFSC Limited, in Gujarat's GIFT City to streamline its international operations.
• SEPC: The firm has secured a major contract from SAIL, which is expected to significantly bolster its infrastructure and engineering order book.
• GMR Airports: The stock is in the limelight after Macquarie initiated coverage with an 'Outperform' rating and a target price of ₹125, citing strong growth in premium travel consumption.
• LG Electronics India: Citigroup has initiated coverage on the company with a 'Buy' rating and a target price of ₹1,800, highlighting its localized manufacturing strength and dominant market share.
• Reliance Industries: Morgan Stanley has maintained an 'Overweight' rating on the stock with a target price of ₹1,803, viewing it as a top pick due to energy security policies and refining market strength.
• Razorpay: Reports indicate the fintech major has confidentially filed for an IPO, signaling a major upcoming entry into the public markets.
• Mini Diamonds India: Shares will be in focus today as the company has fixed June 16 as the record date for its 1:1 bonus issue.

Neutral Developments

• National Stock Exchange (NSE): The exchange is likely to file its Draft Red Herring Prospectus (DRHP) with SEBI on June 16, following board approval for its long-awaited IPO.
• State Bank of India (SBI): The lender's board is set to meet on June 18 to discuss and consider fundraising plans for the 2026-27 financial year through various instruments.
• General Insurance Corporation of India (GIC): The Government's Offer for Sale (OFS) to divest a 5% stake in the insurer begins today, June 16, with a floor price likely to attract institutional interest.
• RR Kabel: The stock will trade ex-dividend today for a final dividend of ₹5.5 per share.
• Steel City Securities: The company has fixed today, June 16, as the record date for its final dividend payout for the financial year 2025-26.
• Voltas: The company has announced the appointment of Vishal Gupta as Head of IT & Digital to strengthen its digital transformation initiatives.

Negative News

• Nestle India: The company is facing regulatory scrutiny after FSSAI reportedly issued a notice regarding the detection of larvae in a Maggi packet.
• Mercedes-Benz India: The luxury carmaker has announced a price hike of 1-2% across its model range, effective immediately, to offset rising input costs.

TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex