🇮🇳 India Daybook: BEL Bags Rs 1,081 Cr Order, JSW Infra Launches Mega QIP

📍 ORDER WIN

• Bharat Electronics (BEL): The defense major has secured additional orders worth Rs 1,081 crore since May 25, 2026, for various defense and non-defense electronics projects.
• Goodluck India: The company has bagged a new defense supply order, further strengthening its specialized engineering portfolio.
• KMEW: Announced it has secured a contract for the IWAI Ferry Project, marking its entry into significant inland waterway infrastructure.

📍 FUNDRAISING

• JSW Infrastructure: The company has launched a Qualified Institutional Placement (QIP) to raise funds by issuing up to 23 crore equity shares. The floor price for the issue has been fixed at Rs 290.35 per share.
• Vodafone Idea: The board has successfully allotted 430 crore warrants to an Aditya Birla Group entity, raising approximately Rs 1,182.5 crore to support its immediate operational requirements.
• Diamond Power Infrastructure: Reported plans for a major capital raise to fund its upcoming expansion and manufacturing projects.

📍 CAPACITY EXPANSION

• Vedanta Aluminium: The company has unveiled an ambitious strategic plan to double its annual production capacity to 60 lakh tonnes, aiming to become one of the largest aluminium producers globally.

📍 DIVIDEND

• Asian Paints: Shares will trade ex-dividend today for a final dividend of Rs 23 per share.
• Hindustan Unilever (HUL): The FMCG giant turns ex-dividend today for its final dividend of Rs 22 per share.
• Tata Power: Trading ex-dividend for a final dividend payout of Rs 2.50 per share.
• Other Notable Ex-Dividends: Thyrocare Technologies (Rs 7), Dalmia Bharat (Rs 5), Anand Rathi Share & Stock Brokers (Rs 5), and Indian Hotels (Rs 3.25) are also in focus today.

📍 BROKERAGE RADAR

• Zee Entertainment: CLSA has maintained an 'Outperform' rating with a target price of Rs 125, highlighting a doubling of Z5 users and long-term FIFA media rights.
• Emcure Pharma: Jefferies maintained a 'Buy' rating and raised the target price to Rs 2,100, citing expected EBITDA margin expansion and higher field force productivity.
• Meesho: Citi has initiated coverage with a 'Buy' rating and a target price of Rs 210, positioning it as a key player in the value-focused e-commerce segment.
• GE Vernova: Jefferies initiated coverage with a 'Hold' rating and a target price of Rs 6,000, noting that gross margin upside may be limited in the immediate future.

📍 TRADING WINDOW

• Mphasis: The company has officially closed its trading window for designated persons effective June 23, 2026, in compliance with insider trading regulations ahead of its Q1FY27 financial results.

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