Top Stocks in focus on June 18: Polycab, ONGC, Vedanta, Bharat Forge, GMR Airports, and more
By Aditya Bhagchandani Published on June 18, 2025, 08:18 IST
Indian stock markets are expected to see sector-specific and stock-specific moves on Wednesday, June 18, 2025, as major corporate developments, government project awards, and geopolitical shifts drive investor sentiment. Here are the key stocks to watch:
ONGC / Oil India: Crude oil prices rose above $76 per barrel amid rising tensions in West Asia, with Brent hitting its highest level since February 2025. This is expected to support upstream oil producers such as ONGC and Oil India.
Mahindra & Mahindra: The Competition Commission of India (CCI) granted unconditional approval to M&M for acquiring SML Isuzu and launching an open offer. This enhances M&M's commercial vehicle footprint.
Vedanta: While the sale of up to 1.60% stake in Hindustan Zinc (HZL) via block deals could be seen as neutral overall, the proceeds will support Vedanta's liquidity position, which is positive. The floor price is set at a 7% discount to CMP.
Polycab India: The company signed a massive Rs 6,447.54 crore agreement with BSNL for the BharatNet broadband connectivity programme, expected to significantly boost revenue visibility.
RailTel: The company received a Letter of Intent from Zoram Electronics Development Corporation for a project worth Rs 44 crore, reinforcing its strong order pipeline.
Bharat Forge: The company signed an MoU with France's Turgis Gaillard to offer the AAROK UAV to India's Ministry of Defence, strengthening its defense manufacturing footprint.
Delhivery: CCI has approved the company's acquisition of up to Rs 1,407 crore stake in Ecom Express, supporting Delhivery's logistics expansion goals.
DCX Systems: The company has bagged fresh orders worth Rs 28.6 crore from overseas and domestic customers, indicating continued business momentum.
EMS Ltd: The company has been declared the lowest bidder for a sewerage project worth Rs 184 crore by UP Jal Nigam, enhancing its infrastructure order book.
UGRO Capital: UGRO will acquire 100% stake in SME lending firm Profectus Capital for Rs 1,398.6 crore, signaling aggressive growth in SME financing.
GMR Airports: Passenger traffic rose 0.8% YoY in May 2025, with aircraft movement up 6.3%, indicating a steady rebound in air travel.
Oil Marketing Companies / Paint Stocks: Rising Brent crude prices may put pressure on margins for OMCs like BPCL, HPCL, and IOC, as well as paint companies such as Asian Paints and Berger Paints due to higher input costs.
Hindustan Zinc: Parent company Vedanta is likely to sell up to 1.60% of its equity stake via block deals at a discount of nearly 7% to CMP, which may put near-term pressure on the stock price. Additional Notable Mentions SRF Ltd : CGST & Central Excise (Appeal), Vadodara, set aside a demand and penalty of Rs 85.23 crore—removing a regulatory burden.
PNB : The bank completed the sale of its 20.9% stake in India SME Asset Reconstruction Co. for Rs 34 crore.
Electrosteel Castings : Announced maintenance shutdown at its Khardah MBF facility for 10–12 days starting June 18.
DMart : Opened a new store in Agra, raising total store count to 421.
Awfis Space : QRG Investments sold 4 lakh shares at Rs 685/share in a block deal.
Dividend ex-dates for June 18 : Reliance Industrial Infra: Rs 3.5/share Panasonic Carbon: Rs 12/share Tata Communications: Rs 25/share Tejas Networks: Rs 2.5/share
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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