Stocks to watch today: Dixon Tech, Enviro Infra, Tata Motors, Adani Energy

24-06-2025

Stock markets started the week on a weak note as rising geopolitical tensions in the Middle East weighed on investor sentiment. The benchmark indices fell over half a percent on Monday. However, reports suggesting a possible ceasefire between Iran and Israel could help bring some stability to the market. As investors look forward to Tuesday's session, here are the key stocks to keep an eye on.DIXON TECHNOLOGIESShares of Dixon Technologies will be in focus after a big promoter-level transaction. Sunil Vachani, the promoter of Dixon, sold 16.7 lakh shares, which is 2.77% of the company's total equity. The shares were sold at an average price of Rs 13,301.47 each, totalling Rs 2,221.3 crore.At the same time, Motilal Oswal Mutual Fund bought 2.4% stake in the company, purchasing shares worth Rs 1,923.8 crore at an average price of Rs 13,307.96 per share. This shows continued interest from institutional investors in the electronics manufacturing services company.ENVIRO INFRA ENGINEERSEnviro Infra Engineers has won new projects worth Rs 306.30 crore in the domestic market. The company, which provides water and waste-water treatment solutions, also announced two major acquisitions in the renewable energy sector.It acquired Vento Power Infra, which owns a 40 MW solar power project in Odisha, for Rs 115.61 crore. It also bought Soltrix Energy Solution, which holds a 29 MW solar project in Maharashtra. The Maharashtra project will receive financial support of Rs 3.20 crore per MW from the state government, amounting to a total of Rs 92.80 crore. The project will earn Rs 0.88 per unit over 25 years.These acquisitions mark Enviro Infra's strategic entry into the solar power business, with a combined capacity of 69 MW.TATA MOTORSTata Motors has revealed the pricing for its new electric SUV, the Harrier.ev. The vehicle will be available in rear-wheel drive variants. Bookings for the car will begin from July 2.The starting price for the basic "Adventure" variant is Rs 21.49 lakh. The top variant will be priced at Rs 27.49 lakh. This move reflects Tata Motors' continued focus on expanding its electric vehicle portfolio.COCHIN SHIPYARDA subsidiary of Cochin Shipyard has received an order worth between Rs 100 crore and Rs 250 crore to build two luxury river cruise vessels. The company did not disclose the exact value of the deal but said the new vessels would support growth in inland and river tourism.HG INFRA ENGINEERINGHG Infra Engineering has been declared the lowest bidder by the Military Engineer Services (MES) for a project at the Naval Dockyard in Mumbai. While the company did not reveal the bid amount, the announcement could help the stock as it shows a growing pipeline of government infrastructure orders.ADANI ENERGYAdani Electricity Mumbai has completed an open market repurchase of senior secured notes worth $49.5 million. This move is part of the company's efforts to manage its debt and improve financial health.Investors are expected to keep a close eye on developments in the Middle East, which continue to drive global oil prices and impact market direction. Meanwhile, these stock-specific updates are likely to influence trading action on Tuesday.- Ends
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Govt approves procurement of 97 Tejas jets for IAF

Economic Times

19 minutes ago

Economic Times

Govt approves procurement of 97 Tejas jets for IAF

The government has approved the proposed procurement of 97 Light Combat Aircraft Tejas fighter jets and six advanced airborne early-warning and control (AEW&C) aircraft for the Indian Air Force at a cost around Rs 85,000 crore, people familiar with the matter said on Wednesday. The two procurement projects were learnt to have been given the green light by the Cabinet Committee on Security (CCS) headed by Prime Minister Narendra Modi, they said. The Tejas jets will be procured at a cost of around Rs 67,000 crore while the AEW&C project will cost the exchequer around Rs 18,000 crore, it is learnt. Second-hand Airbus-321 planes bought earlier from Air India by the defence ministry will be used for the AEW&C project that is aimed at enhancing the IAF's surveillance and signal intelligence systems. The procurement of the 97 LCA Tejas (MK-1A) comes nearly four years after the defence ministry sealed another deal involving the indigenously-built jet. In February 2021, the defence ministry sealed a Rs 48,000 crore deal with HAL for the procurement of 83 Tejas MK-1A jets for the IAF. The single-engine MK-1A will be a replacement for the IAF's MiG-21 fighters. The IAF is looking at inducting the warplanes as the number of its fighter squadrons have gone down to 31 from the officially sanctioned strength of 42. Tejas is a single-engine multi-role fighter aircraft capable of operating in high-threat air environments. It has been designed to undertake the air defence, maritime reconnaissance and strike roles.

Vikram Solar shifts expansion focus to Tamil Nadu, Bengal unit to see limited growth

Economic Times

19 minutes ago

Economic Times

Vikram Solar shifts expansion focus to Tamil Nadu, Bengal unit to see limited growth

Synopsis Vikram Solar Ltd, an Indian solar panel manufacturer, is significantly expanding its production capacity, targeting 17.5 GW for modules and 12 GW for cells by FY27. While maintaining its West Bengal presence, the company will focus new projects in Tamil Nadu, including an integrated solar cell and module facility. Reuters City-based solar panel maker Vikram Solar Ltd will see the bulk of its upcoming capacity expansion shift to Tamil Nadu, even as the company targets an aggressive ramp-up to 17.5 GW of solar modules and 12 GW of solar cells by FY27, officials present, the company operates 4.5 GW of module capacity - with its largest plant of 3.5 GW at Falta SEZ in West Bengal and 1.3 GW at Oragadam near lion's share of new projects, however, will now come up at Vallam and Gangaikondan in Tamil Nadu, including a major integrated solar cell and module facility involving significant capital expenditure. In West Bengal, Vikram Solar will invest Rs 400 crore to add 2 GW of modules at its Falta unit, taking its total capacity there to 5.5 GW."By FY27 we are aiming to ramp up capacity to 17.5 GW of modules and backward integration for a capacity of 12 GW of cells," CMD Gyanesh Chaudhary the first phase, the expansion - comprising 6 GW of modules and 3 GW of cell manufacturing - will be funded through a mix of IPO proceeds, debt, and incentives. Tamil Nadu will extend about Rs 900 crore in subsidies to the company over the lifecycle of the new projects. Meanwhile, Vikram Solar's Rs 2,079.4 crore IPO, which opened on August 19 and closes on August 21, is already oversubscribed 4.4 times. The company raised Rs 620.81 crore from 43 institutional investors via the anchor book on August issue comprises a fresh issue of Rs 1,500 crore and an offer for sale by promoters. Post-issue, the promoter stake will fall to 63.1 per cent from 77.6 per Vikram Solar has secured Rs 1,700 crore debt financing from IREDA, while PLI incentives of Rs 528 crore and Tamil Nadu subsidies of Rs 900 crore will support the in 2006, Vikram Solar is among India's largest solar module makers and is now seeking to build a fully integrated solar ecosystem with backward linkages into cell manufacturing.

Paras Dairy to enter western, southern markets with Galacia Cheese portfolio

News18

29 minutes ago

News18

Paras Dairy to enter western, southern markets with Galacia Cheese portfolio

Mumbai, Aug 20 (PTI) VRS Foods Ltd (Paras Dairy) on Wednesday said it will enter western and southern markets with its Galacia Cheese portfolio aimed at quick service restaurants, institutional kitchens and hotel and restaurant partners. 'We recently launched our Galacia Cheese portfolio in March, designed specifically for our HORECA ((hotel, restaurant, catering) partners, QSR and institutional kitchens. While we began with a focused presence in North India, as part of our expansion strategy. We are now entering the western and southern markets," VRS Foods Joint Managing Director Gajendra Nagar said. To support this growth, the company has invested over Rs 100 crore in setting up a cheese plant in Maharashtra, he said. 'Looking ahead, we also plan to bring Galacia Cheese to retail outlets within the next 6-8 months, with the vision of becoming one of the top five cheese players in India," Nagar said. 'In terms of retail presence, we are already among the leading brands in the fresh dairy category, which includes milk, buttermilk, paneer, and ghee. With the addition of cheese in retail, we aim to increase the retail segment's contribution to 40 per cent of our overall revenue," he added. Speaking at the event, National Dairy Development Board Executive Director Seetharaman Raghupathi said, 'India's food and beverage sector is growing rapidly, backed by 180 million hectares of arable land, food processing valued at Rs 75 trillion, and food expenditure making up over 40 per cent of consumer spend." Dairy contributes 25 per cent of this sector, with India producing one-fourth of the world's milk, worth Rs 12 trillion. 'With 17 million farmers across 2,35,000 villages, 35 per cent of whom are women, dairy cooperatives return 75 per cent of the consumer rupee, channeling Rs 2.1 billion daily into the rural economy. Initiatives like White Revolution 2.0, which aims to establish 75,000 new cooperatives by 2028-29, will further boost this growth," Raghupathi added. The three-day Anuga FoodTec India and Anuga Select India 2025 is expecting 60,000 visitors and has 1,100 exhibitors from 65 countries. PTI SM MR (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy. Loading comments...