Stocks To Watch: Zee Ent, Asian Paints, NTPC, Vedanta, Sona BLW, HCL Tech, And Others
Stocks to watch: Shares of firms like Zee Ent, Asian Paints, NTPC, Vedanta, Sona BLW, HCL Tech, and others will be in focus on Tuesday's trade
Stocks to Watch Today, June 17, 2025: Despite ongoing geopolitical tensions between Israel and Iran, Indian equity markets extended gains on Monday, led by strong buying in large-cap stocks. Investors continued to bet on long-term fundamentals despite global uncertainty. In today's trade, shares of Zee Entertainment, Asian Paints, NTPC, Tanla Platforms, Hyundai Motor, and others will be in focus due to key corporate developments.
Top Stocks in Focus
ICICI Bank
The Reserve Bank of India has approved the extension of Sandeep Batra's term as Executive Director for two more years.
Jet Airways
The company stated that financial results for FY24 and FY25 are yet to be finalised, as liquidation proceedings are currently underway.
Tanla Platforms
The board approved a share buyback of 20 lakh shares (1.49% equity) worth Rs 175 crore at Rs 875 per share through the tender offer route.
NTPC
NTPC's board will meet on June 21 to consider raising up to Rs 18,000 crore via bonds or non-convertible debentures (NCDs).
The company has begun producing passenger vehicle engines at its Talegaon plant in Maharashtra starting June 16.
The company plans to raise Rs 2,237.44 crore from promoter group entities, increasing promoter shareholding to 18.4%.
Sona BLW Precision Forgings
Following Chairman Sunjay Kapur's demise, the board will meet soon to elect a new chair. CEO Vivek Vikram Singh will continue leading operations.
Biocon
Biocon launched a qualified institutional placement (QIP) to raise Rs 4,500 crore by issuing up to 139 million new shares (11.6% of its current equity base) at a floor price of Rs 323.2.
Mphasis
The IT firm announced a strategic partnership with AI company Sixfold to offer generative AI solutions for insurance underwriters.
Vishal Mega Mart
Promoter entity Samayat Services LLP plans to sell around 10% stake via a block deal, aiming to raise USD 588 million.
Asian Paints
On Monday, Reliance Industries sold 8.5 million shares of Asian Paints at Rs 2,207 per share via the open market. ICICI Prudential Mutual Fund acquired the same number at the same price. Last week, RIL had offloaded 35 million shares (3.64% stake).
HCL Technologies
HCLTech entered into a strategic partnership with European energy firm E.ON to modernize its cloud infrastructure.
Ramkrishna Forgings
Promoters will infuse fresh capital through warrants priced nearly three times the market value. An EGM is scheduled for June 28 for shareholder approval.
Lupin
Lupin signed a licensing and supply agreement with Sino Universal Pharmaceuticals to launch Tiotropium DPI (18 mcg/capsule) in China to treat COPD.
Nazara Technologies
The board has approved the allotment of 50 lakh shares (face value Rs 4) at Rs 990 per share via preferential allotment to Axana Estates LLP, raising Rs 495 crore.
Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18.
tags :
stocks to watch
Location :
New Delhi, India, India
First Published:
June 17, 2025, 08:19 IST
News business » markets Stocks To Watch: Zee Ent, Asian Paints, NTPC, Vedanta, Sona BLW, HCL Tech, And Others
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
31 minutes ago
- Business Standard
Companies affected in IPR cases can press criminal charges as 'victim': SC
The Supreme Court has held that a company can be called a 'victim'' under the Code of Criminal Procedure and it can file an appeal against an acquittal order in criminal cases, including violations of intellectual property rights (IPRs). This means that corporate entities affected by violations of such rights could pursue criminal proceedings as the victim. A Bench of Justice Ahsanuddin Amanullah and Justice Prashant Kumar Mishra was hearing a plea by Asian Paints, which had suffered losses due to the accused allegedly selling counterfeit paints. Asian Paints moved the apex court against the Rajasthan High Court judgment dismissing its appeal against the acquittal of Ram Babu, who was allegedly found selling counterfeit paints under the brand name 'Asian Paints'. The High Court had dismissed the appeal under the proviso to Section 372 CrPC, reasoning that an agent of Asian Paints and not the company was the 'complainant' and therefore the latter couldn't file an appeal against the acquittal. The Supreme Court, while disagreeing with this reasoning, questioned whether the appellant would fall under the definition of 'victim' in terms of Section 2(wa) read with the proviso to Section 372 of the CrPC, or whether Section 378 of the CrPC would prevail in the facts and circumstances of the present case. The proviso to Section 372 grants victims the right to appeal against acquittal of the accused, conviction for a lesser offence, and inadequate compensation. If the court orders insufficient compensation for the victim, the victim can appeal. The apex court Bench held it was clear that 'Section 2(wa) of the CrPC has thoughtfully accorded an expansive understanding to the term 'victim' and not a narrow and restrictive meaning'. 'In the present case, there cannot be any two opinions that ultimately, it is the Appellant who has suffered due to the counterfeit/fake products being sold/attempted to be sold as having been manufactured by the Appellant. The Appellant would suffer financial loss and reputational injury if such products would be bought by the public under the mistaken belief that the same belonged to the Appellant's brand,' the judgment said. Asian Paints, a manufacturer in the paints industry for over 73 years, had engaged IPR consultancy firm M/s Solution to track and take action against counterfeiters. During a market investigation in February 2016, the firm had found counterfeit products resembling Asian Paints' trademarks at the shop Ganpati Traders in Tunga, Rajasthan, owned by Ram Babu. After police inspection, 12 buckets of allegedly fake paint were seized. The trial court acquitted Ram Babu, after which Asian Paints challenged the order in the High Court. The High Court dismissed Asian Paints' appeal.
Mint
33 minutes ago
- Mint
Short-seller Viceroy accuses Vedanta promoters of hidden stake via welfare trust
The entity under scrutiny is PTC Cables Pvt. Ltd (PTCC), which holds a 1.91% stake in Vedanta Ltd, a company with a market capitalization of ₹ 1.75 trillion, according to BSE data. PTCC is owned by Bhadram Janhit Shalika Trust (BJST), which Viceroy alleges is controlled by the Agarwal family, founders of the Vedanta Group. According to Viceroy, PTCC received ₹ 1,500 crore in dividend income from Vedanta over the past five years, and the capital was "upcycled" to promoter-linked entities. 'PTCC exists for one purpose: to quietly recycle Vedanta's cash into promoter-controlled vehicles while maintaining the illusion of independence," the Viceroy report said. Vedanta denied the allegations. 'These assertions are baseless," a spokesperson for the company said, adding that the company was compliant with the disclosure norms as stipulated by the Securities and Exchange Board of India (Sebi) and the Companies Act, 2013. 'Neither BJST nor PTCC are part of the promoter group as defined under applicable regulations, and their shareholding has been transparently disclosed in public filings," the spokesperson added. A day after Viceroy released its report, JP Morgan had issued a note, telling investors not to get distracted by the allegations on corporate governance and financial management, and that the global brokerage had an Overweight rating on both Vedanta Resources Ltd and Vedanta Ltd. Viceroy's claims are based on publicly available records. In a 2009 income-tax case, BJST's correspondence address was listed as Anil Agarwal's personal residence in Mumbai. In another case, the trust's address was that of Todarwal & Todarwal, a firm linked to Arun Todarwal, who currently serves as a director on the board of Sterlite Power Grid Ventures, a Vedanta subsidiary. Todarwal has also previously served as a director on the boards of Hindustan Zinc Ltd, Sterlite Technologies, MALCO, and BALCO. The report acknowledged that no conclusive documentation of current control was available, noting that Indian trusts are subject to less stringent disclosure obligations compared to companies. Viceroy also cited unnamed former Vedanta employees who claimed that the Agarwal family's control over PTCC was an "open secret" within the company. In addition to alleging hidden promoter ownership, the report flagged governance concerns at PTCC. The company was incorporated in 1993 with the Agarwal family as shareholders and was transferred to BJST in 2017. Its current directors are Todarwal and Kannan Ramamirthan. Ramamirthan is an independent director of Hindustan Zinc, Vedanta's most profitable subsidiary. He has also previously served on the boards of other Vedanta group firms, including Talwandi Sabo Power Plant, BALCO, Sterlite Energy, and Sterlite Interlinks. Vedanta has not disclosed in its filings that PTCC—classified as a public shareholder—has directors with long-standing associations with the group. The company did not respond to a specific query on this issue. Calls and emails to Todarwal for a comment did not elicit a response. Mint could not reach Ramamirthan for a comment. Concerns about the independence of BJST and PTCC are not new. In a 2020 note, proxy advisory firm Stakeholder Empowerment Services (SES) had said that BJST was previously known as the SIL Employee Welfare Trust and was linked to Sterlite Industries Ltd, which was later merged into Vedanta. The trust was subsequently renamed as BJST. 'It is not clear as to who presently controls the BJST," SES had written. However, if the firm was under the control of Vedanta, then PTCC should be classified as a promoter shareholder, it said. Viceroy's first report on the Vedanta Group was published on 10 July, a day before Vedanta Ltd's annual general meeting (AGM). The initial report triggered a drop in the company's stock, though shares later recovered. At the AGM, shareholders reposed their faith in the company. Since the report's release, Vedanta shares have gained 2% to close at ₹ 449.75 on Tuesday. Also Read | Vedanta shareholders back firm after Viceroy report Viceroy has disclosed a short position in the bonds of Vedanta Resources, the unlisted holding company of the group, but said it has no exposure to Vedanta Ltd or any other listed Vedanta entities in India.
Time of India
37 minutes ago
- Time of India
For the first time, Nashik civic body to start stray cat sterilisation & vaccination
Nashik: The civic body has launched a programme to sterilise stray cats in the city for the first time. The Nashik Municipal Corporation (NMC) administration invited tenders from agencies and contractors registered with the Animal Welfare Board of India to catch, sterilise, and vaccinate stray cats against rabies. Currently, the civic body captures stray dogs and sterilises them through private agencies, with approximately 800 stray dogs sterilised each month. Over the past nine years, around 80,000 dogs were sterilised by the NMC administration through appointed agencies. The teams respond to complaints about stray dogs, excluding those already sterilised. After the procedure, the dogs were returned to their original locations. Last month, the NMC general body approved the civic administration's proposal for the sterilisation and vaccination of stray cats. This action aligns with the Prevention of Cruelty to Animals Act, 1960, and the Animal Birth Control (dogs) Rules, 2022, which mandate control of the stray cat population. State govt had previously issued relevant guidelines through a circular. NMC officials said they have floated the bid for the sterilisation of stray cats and their vaccinations against rabies. The last date for bid submission is July 29. The appointed agency for cat sterilisation will be required to establish necessary facilities, including an operation theatre, a dedicated cat ward, and essential utilities such as water and electricity. The initial contract period is set for one year, with an estimated cost of Rs 20 lakh, funded under the stray animal sterilisation budget. NMC has allocated Rs 3.5 crore in its budget for the financial year 2025-26.
