Stocks To Watch: Maruti Suzuki, IndiGo, Texmaco Rail, Wipro, Reliance Infra, And Others
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Stocks to watch: Shares of firms like Maruti Suzuki, IndiGo, Texmaco Rail, Wipro, Reliance Infra, and others will be in focus on Wednesday's trade
Stocks to Watch on June 11, 2025: Markets traded in a subdued manner and ended almost unchanged on Tuesday, taking a pause after the recent surge. Today, shares of Maruti Suzuki, IndiGo, Texmaco Rail, Wipro, and others will be in focus due to various news developments.
IndiGo
IndiGo, the domestic airline, announced plans to enhance its international capacity to Central Asia by launching direct flights to three key destinations: Almaty (Kazakhstan), Tashkent (Uzbekistan), and Tbilisi (Georgia).
Texmaco Rail
Texmaco Rail and Engineering reported receiving an order worth ₹44.04 crore from Mumbai Railway Vikas Corporation.
Max Financial
Max Financial has appointed Sumit Madan as Managing Director and CEO of Axis Max Life for a term of five years, effective from October 1.
Maruti Suzuki
Maruti Suzuki has cut near-term production targets for its first electric vehicle, the e-Vitara, by two-thirds due to rare earth shortages, according to a company document seen by Reuters. Initially planning to produce 26,500 e-Vitaras between April and September, the company now plans to manufacture only 8,200 units.
Marksans Pharma
OrbiMed Asia IV Mauritius FVCI Ltd, a global healthcare investment firm, has launched a block deal to sell 2.27% of its stake in Marksans Pharma, amounting to ₹256.8 crore.
Aditya Birla Capital
Jomei Investments, a special purpose vehicle owned by Advent International Corporation, has launched a block deal to sell a 1.4% stake in Aditya Birla Capital Ltd for ₹856 crore, as reported by CNBC-TV18. The floor price has been set at ₹237.80 per share.
Kaynes Technology
Kaynes Technology India's subsidiary, Kaynes Semicon Pvt Ltd, has entered into an asset purchase agreement with Japan's Fujitsu General Electronics Limited. Signed on June 9, 2025, the deal involves acquiring production lines for power modules for a total consideration of 1.59 billion yen.
IIFL Finance
IIFL Finance plans to raise up to ₹600 crore through the issuance of non-convertible debentures (NCDs) via private placement. The funds will be used to augment long-term resources and support the growing lending book.
Wipro
Wipro has extended its partnership with Metro AG, an international food wholesaler, for an additional two years. Under the renewed agreement, Wipro will continue to provide integrated digital services, including cloud, data, application development, and AI-enabled IT support services.
Bharti Airtel
The Department of Telecommunications has imposed a penalty of ₹1,01,000 on Bharti Airtel for inadequate verification of customers. Airtel stated in an exchange filing that it was penalised for violating subscriber verification norms, which require telecom companies to ensure proper verification before enrolling customers.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
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Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Leading car maker Maruti Suzuki India Ltd has partnered with private sector Equitas Small Finance Bank to offer vehicle financing options to its customers, a company official said on Friday.A memorandum of understanding between the two entities was signed with an aim to provide retail financing options for new cars, used cars and commercial vehicles."The collaboration is set to enhance the accessibility and affordability of Maruti Suzuki vehicles for a broader range of customers," a company statement here Chennai-headquartered Equitas Small Finance Bank would leverage the growing customer base of the bank to benefit diverse Maruti Suzuki customer profiles and offer them a range of comprehensive financing solutions. Maruti Suzuki India Ltd Senior Executive Officer Partho Banerjee exchanged documents with Equitas Small Finance Bank's retail assets head Jagadesh J in the presence of representatives of both organisations."Our collaboration will enable us to reach an even wider audience and offer them with competitive financing offers to add to the joy of buying a new car. We are confident that this partnership will drive growth and customer satisfaction," Banerjee said on signing the MoU "We remain dedicated to providing a wide range of easy and hassle-free finance options for our esteemed customers. Our partnership with Equitas Small Finance Bank reinforces this vision, providing tailored and affordable financing options for our customers," he added.
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Business Standard
an hour ago
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Maruti Suzuki ties up with Equitas Small Finance Bank for car financing
Leading car maker Maruti Suzuki India Ltd has partnered with private sector Equitas Small Finance Bank to offer vehicle financing options to its customers, a company official said on Friday. A memorandum of understanding between the two entities was signed with an aim to provide retail financing options for new cars, used cars and commercial vehicles. "The collaboration is set to enhance the accessibility and affordability of Maruti Suzuki vehicles for a broader range of customers," a company statement here said. The Chennai-headquartered Equitas Small Finance Bank would leverage the growing customer base of the bank to benefit diverse Maruti Suzuki customer profiles and offer them a range of comprehensive financing solutions. Maruti Suzuki India Ltd Senior Executive Officer Partho Banerjee exchanged documents with Equitas Small Finance Bank's retail assets head Jagadesh J in the presence of representatives of both organisations. "Our collaboration will enable us to reach an even wider audience and offer them with competitive financing offers to add to the joy of buying a new car. We are confident that this partnership will drive growth and customer satisfaction," Banerjee said on signing the MoU. "We remain dedicated to providing a wide range of easy and hassle-free finance options for our esteemed customers. Our partnership with Equitas Small Finance Bank reinforces this vision, providing tailored and affordable financing options for our customers," he added.
NDTV
2 hours ago
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