Stocks To Watch: HDFC Bank, Suzlon Energy, Tata Steel, BEL, Ambuja, And Others
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Stocks to watch: Shares of firms like HDFC Bank, Suzlon Energy, Tata Steel, BEL, Ambuja, and others will be in focus on Monday's trade
Stocks to Watch on June 9, 2025: Markets wrapped up the week on a positive note, gaining nearly a percent, supported by favorable domestic cues. In today's trade, shares of HDFC Bank, Suzlon Energy, Tata Steel, BEL, and MCX, among others, will be in focus due to various news developments.
The capital markets regulator, SEBI, issued a corrigendum to its interim order in the insider trading case involving IndusInd Bank.
Ambuja Cements
In its latest annual report, Adani Group's Ambuja Cements highlighted that it contributes nearly 30% of the cement used for India's homes and infrastructure, making it the country's second-largest cement producer.
Airtel
Telecom operator Airtel has approached over 40 banks, as well as the RBI and NPCI, proposing a collaborative effort to curb digital frauds. The company aims to establish a unified front for sharing intelligence on known fraudulent financial domains.
Reliance Infrastructure plans to 'turbocharge' its defense vertical in the coming years, focusing on aircraft upgrade programs. The company recently became the first private sector firm to independently execute a comprehensive aircraft upgrade program, traditionally dominated by public sector units and OEMs. It's targeting opportunities worth Rs 5,000 crore over the next seven to ten years.
HDFC Bank's MD and CEO, Sashidhar Jagdishan, has been named in a complaint filed by the Mehta Family through Lilavati Kirtilal Medical Trust. The complaint alleges he received Rs 2.05 crore to harass a current trustee's father. HDFC Bank has dismissed the allegations as baseless and part of an attempt to derail loan recovery efforts.
The Government has appointed Sat Pal Bhanoo as the CEO and MD of LIC for a three-month term starting Sunday. This comes after Siddhartha Mohanty completed his tenure, with the Ministry of Finance conveying the instructions on Saturday.
Infosys
Infosys announced that the Director General of GST Intelligence (DGGI) has closed pre-show cause notice proceedings against the company for FY 2018-19 to FY 2021-22, involving Rs 32,403 crore in GST claims.
Tata Steel
Tata Steel UK's annual £150 million export to the US faces a potential setback due to compliance issues in the UK-US steel trade agreement. The company has temporarily halted melting and pouring steel in the UK as it transitions Port Talbot from blast furnaces to an electric arc furnace, a requirement for tariff-free trade under current rules.
Aditya Birla Group
Aditya Birla Group's Indian paints venture has filed an antitrust complaint against Asian Paints for allegedly abusing its market dominance, according to Reuters. The complaint could trigger a legal clash between the two sector rivals.
Suzlon Energy
Promoters of Suzlon Energy may sell about 20 crore shares in a potential Rs 1,300 crore block deal next week, likely at a 2% discount to the current market price. This update comes after Suzlon reported a nearly five-fold jump in net profit in Q4FY25.
Lupin
Lupin has received tentative approval from the US FDA for its generic version of Oxcarbazepine Extended-Release (ER) Tablets in 150 mg, 300 mg, and 600 mg strengths. The drug, equivalent to Supernus Pharmaceuticals' Oxtellar XR, will be manufactured at Lupin's Nagpur facility in India.
Nazara Technologies
Nazara Technologies has completed the acquisition of gaming and entertainment company Smaaash Entertainment Pvt. Ltd. for Rs 126 crore, turning it into a wholly owned subsidiary, the company announced on June 6.
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First Published:
June 09, 2025, 07:40 IST
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