Stocks To Watch: Maruti Suzuki, IndiGo, Texmaco Rail, Wipro, Reliance Infra, And Others
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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Mint
20 minutes ago
- Mint
Growth hunters and margin hawks: The two blocs in India's IT industry
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'One potential conclusion that the Street may draw is that HCLTech is trading off margins for revenue growth. This perception is reinforced by the downward revision of its Ebit (earnings before interest and taxes) margin guidance band—from 19-20% in FY2022 to 17-18% for FY2026, marking the second cut in four years," said Kotak Institutional Equities analysts Kawaljeet Saluja, Sathishkumar S., and Vamshi Krishna, in a note dated 14 July. Similarly, Bengaluru-based Wipro, which has secured about $8 billion of large deals under chief executive Srini Palia's one-year stint, has stated that growth remains a priority. "For now, our number one priority would be growth," said Aparna Iyer, chief financial officer of Wipro, during the company's post-earnings call on 17 July. The management attributed this to upfront investments in its deal wins. 'But looking forward, our focus is going to be conversion of some of these mega deal wins that we have had, large deal wins that we have had. 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According to a Mint report on 28 July, TCS's layoff decision was an attempt by the Mumbai-based company to mitigate the impact of AI on operating margins. Clients are demanding up to 30% price discounts on deals, as AI is reducing cost. India's fifth-largest IT firm Tech Mahindra also laid out a plan to boost operating margins when it announced its three-year roadmap in April last year. As part of this plan, the company is looking at increasing its operating margins to 15% by FY27. The Pune-based IT outsourcer is also not considering any acquisition and is embarking on cost-saving initiatives, which help reduce expenses by $250 million every year. It ended last year with operating margins of 9.7%. The country's second-largest outsourcer Infosys Ltd is trying to balance both revenue growth and margins, without sacrificing either. 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Indian Express
13 hours ago
- Indian Express
North Block is leaving the building, with files, stationery and nostalgia
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Time of India
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