Stocks to watch on June 23: TCS, Waree Renewable, HAL, BEL, MakeMyTrip
Stock market indices ended Friday on a strong note, with both Sensex and Nifty breaking their losing streak. The BSE Sensex jumped 1,046 points, or 1.29%, to settle at 82,408, while the NSE Nifty50 climbed 319 points, or 1.29%, to close at 25,112.As the markets open on Monday, global tensions may weigh on investor mood. Reports suggest the United States may have bombed a nuclear facility in Iran, triggering fresh concerns over the conflict with Israel. These developments could impact trading sentiment on Dalal Street at the start of the week.Here are the top stocks to keep an eye on today:WAAREE RENEWABLE TECHNOLOGIESWaaree Renewable has received an additional order worth Rs 246.92 crore under an existing contract for engineering, procurement and construction (EPC) works. This project is for a ground-mounted solar PV plant with a capacity of 2012.47 MWp. With the fresh order, the total contract value now stands at Rs 1,480.40 crore.MAKEYMYTRIPAccording to its banker Morgan Stanley, MakeMyTrip has raised a record-breaking $3.1 billion through a combination of equity and debt. This makes it the largest-ever fundraise by a listed new-age Indian company, surpassing Paytm's Rs 2.4 billion IPO in 2021. It is also the biggest concurrent follow-on equity and convertible note offering in the Asia-Pacific region since 2022.TATA CONSULTANCY SERVICES (TCS)TCS is expanding its work in the Software-Defined Vehicles (SDV) space. The company has set up two new automotive delivery centres in Germany and an engineering hub in Romania. These new centres will help drive innovation and digital change in the global automobile sector.TATA MOTORSTata Motors plans to push harder in the electric vehicle (EV) space. The company is aiming to regain market share by launching more EV products in the coming years. It is also considering merging its EV arm with the main passenger vehicle division. "In the mid- to long-term, we should come back to 50% share," said Shailesh Chandra, MD, Tata Passenger Electric Mobility, during the company's Investor Day in Mumbai.HINDUSTAN AERONAUTICS (HAL)HAL has won the rights to manufacture the Small Satellite Launch Vehicle (SSLV). It emerged as the top bidder in a Rs 511 crore tender floated by the Indian National Space Promotion and Authorisation Centre (IN-SPACe).SIGNATURE GLOBAL (INDIA)The Board of Signature Global will meet on June 25 to consider raising funds via non-convertible debentures (NCDs). The fundraising is likely to happen through a private placement.BANK OF INDIAThe public sector lender's board will meet on June 26 to discuss a proposal to raise long-term infrastructure bonds. This is likely part of the bank's broader capital-raising plan for infrastructure lending.ZEN TECHNOLOGIESZen Technologies has announced plans to acquire a majority stake in TISA Aerospace. TISA is a defence technology company that builds loitering munitions and unmanned aerial vehicles (UAVs). The acquisition will be done by buying shares from existing stakeholders and purchasing compulsorily convertible debentures (CCDs).NLC INDIAA subsidiary of NLC India, NLC India Renewables, has secured a Letter of Award (LoA) from Tamil Nadu Green Energy Corporation (TNGECL). The company will develop three standalone Battery Energy Storage System (BESS) projects with a total capacity of 250 MW/500 MWh. These will follow the Build-Own-Operate (BOO) model and receive Viability Gap Funding (VGF) under the state scheme.BHARAT ELECTRONICS (BEL)BEL has received fresh orders worth Rs 585 crore since June 5. These include supply of fire control and sighting systems for missiles, communication devices, jammers, and spare parts. The company has also received orders for support services.
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