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Business Upturn
17 hours ago
- Business
- Business Upturn
Top stocks to watch today, June 17: HCLTech, TCS, Godrej Properties, Hyundai Motor India, Mphasis and more
Indian benchmark indices started the week on a strong note despite global uncertainties and geopolitical tensions. On Monday, June 16, 2025, the BSE Sensex climbed 677.55 points (0.84%) to end at 81,796.15, while the NSE Nifty50 gained 227.90 points (0.92%) to close at 24,946.50. Today, several stocks will be in focus due to company announcements. Stocks to Watch on June 17, 2025 HCLTech: The IT services firm has secured a multi-year deal to manage private cloud and network operations for German utility company TCS: Tata Consultancy Services will deploy its core banking solution, BaNCS, for the Council of Europe Development Bank. Godrej Properties: The company has acquired a 16-acre land parcel in Pune's Upper Kharadi area. The estimated development potential from the project is approximately ₹3,100 crore. Biocon: The biopharma company has launched a Qualified Institutional Placement (QIP) with an aim to raise up to ₹4,500 crore. The indicative floor price is set at ₹323.2 per share. DLF: Credit rating agency ICRA has upgraded DLF Cyber City Developers Ltd's long-term rating to AAA. The outlook has been revised from positive to stable. Zee Entertainment: The company plans to raise up to ₹2,237 crore through the issuance of warrants to promoter entities at ₹132 per share. Sona BLW Precision Forgings: The board has reaffirmed its confidence in CEO Vivek Vikram Singh, who will continue to lead business operations. A new chairperson will be appointed soon. Hyundai Motor India: The company has commenced engine production at its Talegaon manufacturing facility in Maharashtra. Mastek: The digital engineering firm has won a contract to provide cybersecurity training to the NHS Board and Senior Information Risk Owners (SIRO) in the UK. Mphasis: The company has partnered with AI underwriting firm Sixfold to support digital transformation in the insurance sector. Tanla Platforms: The board has approved a buyback of up to 20 lakh shares worth ₹175 crore at a maximum price of ₹875 per share. Axiscades Technologies: The company has entered into a joint development agreement with Europe-based Indra for defense product innovation. Asian Paints: Reliance has offloaded 85 lakh shares of Asian Paints to ICICI Prudential at ₹2,207 per share through a block deal conducted on June 12. Vodafone Idea (VMM): Promoters are reportedly preparing to sell shares worth ₹9,900 crore via block deals. The floor price is expected to be at a 12% discount to the current market price. 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. Ahmedabad Plane Crash
The Independent
12-02-2025
- Business
- The Independent
Martin Lewis shares ‘urgent' advice to beat energy bills as ‘80% are overpaying'
Martin Lewis has given his urgent advice to beat the coming rise in energy bills with a simple switch that most households can make. The money expert says the energy price cap is likely to rise even more than previously expected, so bill payers should act soon to make much-needed savings. As many as 80 per cent of UK households are already overpaying for energy, Mr Lewis adds, because they are paying at the price cap when they could be paying lower. Writing in his weekly email, he said: 'I'm afraid it's about to get worse. The Price Cap moves every three months and the April to June Cap's now predicted by British Gas, & EDF to rise 5 per cent to 7 per cent. 'And as the change mainly depends on average wholesale rates from 18 Nov to 17 Feb, the predictions are now pretty firm. Without intervention, it's virtually unthinkable that the Cap won't rise - the only question is by exactly how much.' He also calls out customers of British Gas, EDF, Next, Octopus, Ovo and Scottish Power, telling them to consider looking at cheaper deals than these firms' standard offerings. This can be done by making the switch to a fixed tariff energy deal, he explains, which guarantees the rate at which energy is paid for a set period. Deals from firms like Ecotricity and Outfox the Market come in at between 4.6 and 6.8 per cent less than the current price cap. These are the only two still on the market which save roughly five per cent or more. Any fixed-term deal will generally be offered for at least 12 months, and up to 24 months. While they will fix this lower price in place for now, they also remain the same if the energy price cap falls below the rate they offer. Most will charge an exit fee to get out of. The Money Saving Expert service gives its rule of thumb: 'If you find a fix for up to 4 per cent more than the current (Jan to Mar) Price Cap, it's predicted you'll save over the year compared with staying on the Price Cap.' Energy bills tend to rise or fall every three months, when Ofgem sets its energy price cap. This dictates the maximum amount energy suppliers can charge for each unit of energy, and is expressed as the annual bill for the average household. The cap rose to £1,738 in January, up 1.2 per cent from £1,717. This followed from a ten per cent increase in October. Forecast of how much the figure will rise again in April vary, but most key analysts agree it will be increasing. Large energy firms like British Gas, and EDF predict it will increase by between five and seven per cent. A six per cent increase would see the cap rise to £1,842, taking it up £152 from the same time last year and to the highest it has been since January 2024. For more energy bill and cost of living help, visit The Independent's regularly updated guide.
