🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• HFCL & Rail Vikas Nigam (RVNL): HFCL has been awarded a massive contract worth ₹2,666.09 crore by RVNL for the BharatNet Phase-III project in the Uttar Pradesh circle. Separately, RVNL received a Letter of Acceptance (LoA) from East Coast Railway for various construction projects.
• Hexaware Technologies: The IT firm announced a £25 million investment to expand its operations in the UK, a move expected to create 1,200 jobs over the next five years across Manchester and Birmingham.
• Brigade Enterprises: Shares are expected to remain in the limelight after the company announced a bonus issue in the ratio of 1:3.
• Dixon Technologies: Sentiment is bullish following reports that the Indian government is likely to clear the company's joint venture with Chinese smartphone giant Vivo within this month.
• Lupin: The pharma major has launched Azilsartan Medoxomil tablets (40 mg and 80 mg) in the United States after receiving approval from the U.S. FDA.
• Coforge: The company has set an ambitious growth target, projecting a revenue of $5 billion by FY30, which has sparked investor interest.
• RailTel Corporation: The company secured a Letter of Intent (LoI) from the Director of IT for a project valued at approximately ₹52.56 crore.
• Prime Focus: The stock hit its 5% upper circuit in the previous session after SEBI closed investigation proceedings regarding its financial statements.

Neutral Developments

• National Stock Exchange (NSE): The NSE is expected to file its Draft Red Herring Prospectus (DRHP) for its highly anticipated IPO today. The exchange is projected to be valued at over ₹5 lakh crore.
• Gujarat Energy (formerly Gujarat Gas): Newly issued shares resulting from a major restructuring and amalgamation with GSPC and GSPL are listed and available for trading effective today.
• Balkrishna Industries: The company has appointed Saroj Kumar Khuntia as the new Chief Financial Officer, succeeding Madhusudan Bajaj.
• Bosch Home Comfort India: Promoter Bosch Global Software Technologies has announced an Offer for Sale (OFS) to sell up to 19.64 lakh shares (7.22% stake).
• Sumeet Industries: The company is launching a rights issue at ₹11.86 per share to raise approximately ₹199 crore.

Negative News

• Jaiprakash Associates: The stock will officially be delisted from the BSE and NSE today, June 18, 2026. This follows the company's acquisition by the Adani Group through the NCLT-led insolvency process.
• Vedanta Aluminium Metal: The stock continues to face heavy selling pressure, hitting the 5% lower circuit for three consecutive sessions, losing nearly 14% since its recent listing.
• DOMS Industries: The stock saw a 5% decline in the previous session after a large block deal involving shares worth nearly ₹1,000 crore took place.
• BSE Ltd: Shares of the exchange are under pressure as investors re-evaluate holdings following the news of the NSE's imminent IPO filing.
• Aquaculture Sector: Stocks in this sector saw a broad decline of 3% in the previous session, indicating potential continued weakness.

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

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex