INDIA TRADE MINISTER: INDIA, U.S. ARE “VERY CLOSE” TO A TRADE DEAL
*Stocks in News*
*Asian Paints Ltd:* Company has received a significant credit rating upgrade from India Ratings and Research. (Positive)
*Mangalam Global:* Company has opened a new KIOSK under its “NEAT EVERYDAY” wellness brand at Nexus Mall, Ahmedabad. (Positive)
*Tata Elxsi:* Company, SkyMark advance AI-led network transformation with NEURON (Positive)
*Sagar Cements:* Company sets up 1.55 MW Waste Heat Recovery Power System (WHRS) at Andhra Pradesh cement plant (Positive)
*Infosys:* Company partners with healthcare provider sentara to drive scalable enterprise AI adoption across it, hospital operations, and clinical support (Positive)
*HCL Tech:* Company partners with Nestle for long-term AI-led efficiency transformation (Positive)
*Embassy Developments:* Company plans ₹1,500 Cr Mega Project in Lucknow. (Positive)
*Balu Forge Industries Ltd:* Defence & Aerospace Now 50% of Order Book. (Positive)
*Bharat Forge:* Company has expands Aerospace Footprint with 90% Stake in RS Aerostructures. (Positive)
*Texmaco Rail:* Comnpany has secured ₹6.28 Crore Contract from Western Railway (Positive)
*Bharti Airtel:* S&P has upgraded Bharti Airtel’s rating to BBB+ from BBB, citing the company’s growth outlook in India and Africa. (Positive)
*ICICI Pru Life:* ICICI Bank has received crucial regulatory approval from the Reserve Bank of India (RBI) to acquire an additional 2% equity stake in its life insurance arm. (Positive)
*BASF:* Company’s shareholders approve demerger of arm. (Positive)
*Deccan Gold Mines:* Inaugurated its flagship Jonnagiri Gold Project in Kurnool, Andhra Pradesh. (Positive)
*M&M/ Escorts:* Tractor registrations on the path to register double digit growth in Q1FY27. (Positive)
*Sterlite Tech:* Launches QIP, floor price at Rs 613.69/Share. (Neutral)
*Shadowfax:* Mirae Asset Late Stage Opportunities Fund sold 56.50 lk shares at price Rs. 212 per share. (Neutral)
*Delhivery:* Alpha Wave Ventures sold 72.22 lk shares at price Rs. 460.03 per share (Neutral)
*Afcom Holdings:* Thiagaraja sold 3 lk shares at price Rs. 1163.51 per share (Neutral)
*IOC:* Fitch warns that Indian Oil Corporation’s ebitda will plunge a shocking 50% to 60% in FY27 due to the Iran conflict (Neutral)
*Hindustan Tin Works Limited:* Company announced on 24.06.2026 that it has received an order from the Excise & Taxation Officer-cum-Assessing Authority, Sonipat, concerning the assessment year 2017-18 (Neutral)
*Reliance Communications:* Company will hold its 73rd Committee of Creditors (CoC) meeting on Thursday, June 25, 2026. The company is currently under corporate insolvency resolution process. (Neutral)
*Raymond Ltd:* Company clarified that while it evaluates strategic opportunities for growth, no material event requiring disclosure under SEBI LODR Regulations is currently underway. (Neutral)
*Jubilant Pharmova:* Income Tax Department cuts tax demand from Rs. 107.89 cr to Rs. 42.41 cr. (Neutral)
*Sula Vineyards:* Company’s Wholly-owned subsidiary Artisan Spirits Pvt. Ltd. has completed the acquisition of identified assets of the Domaine Chandon India estate in Dindori, Nashik. (Neutral)
*Vedanta:* Company incorporates wholly owned subsidiary Vedanta Property Platforms Limited in Mumbai (Neutral)
*Larsen:* L&T transferring Realty Business to subsidiary LTRPL via slump sale. (Neutral)
*Electrosteel Casting:* Annual maintenance at Electrosteel’s MBF Production Facility (Khardah Works) successfully completed. (Neutral)
*IRFC:* Govt to exercise green shoe option in IRFC OFS. (Neutral)
*Apar Industries:* Board to consider raising funds via equity & others on June 30 (Neutral)
*LIC:* Company’s CFO resigns to pursue better prospects. (Neutral)
*Tata Steel:* Company has acquired equity shares worth $172 million (₹1,625.29 crore) in T Steel Holdings Pte. Ltd (Neutral)
*Jubilant FoodWorks:* Company has revoked corporate guarantees amounting to €116 million that were previously extended to its Netherlands-based international subsidiary. (Neutral)
*Jana SFB:* Allotted 88.43 lakh convertible warrants to a cohort of institutional and private investors. (Neutral)
*Bharat Coking Coal:* A Dhanbad court formally acquitted six officials accused in a mining safety case linked to the 2013 Jamunia accident, officially disposing of the litigation filed by the State of Jharkhand. (Neutral)
*Cipla:* Company has scheduled its board meeting for July 23 to consider and approve its Q1 FY27 financial results. (Neutral)
List of stocks included in the short term ASM Framework: Igarashi Motors and Oriental Hotels. (Neutral)
List of stocks excluded from ASM Framework: Aegis Logistics, Aeroflex, Jay Bharat Maruti and Motisons (Neutral)
Circuit filter change from 20% to 10%: Standard Eng. (Neutral)
Circuit filter change from 10% to 5%: Mtar Tech. (Neutral)
*Rajesh Exports:* ED on Rajesh Exports says various incriminating documents and digital evidence have been seized; further investigation under progress. (Negative)
*Nagarjuna Fertilizers:* Company has received an unfavorable order from the Hon’ble High Court Bombay. (Negative)
*Oil upstream stocks:* Oil Sinks towards Pre-War Levels. (Negative)
*Muthoot Fin/ Manappuram:* Gold prices are trading near 8-month lows (Negative)
*Metal stocks:* Metal prices continued to fell towards two months’ low levels (Negative)
SECTORS TO WATCH
Realty, BFSI-Strong Technical Setup
Metal, Gold Financing Companies-Sharp Fall In Prices
Crude Sensitives, OMCs, ONGC Oil India-Oil Sinks Towards Pre-War Levels
Infosys, HCL Tech-AI partnerships
Escorts Kubota, M&M- Tractor registrations on the path to register double digit growth in Q1FY27 (Vahaan Data)
Sterlite Tech-Launches QIP, floor price at Rs 613.69/Share
Jubilant Pharmova, Signpost, Vikram Solar-Favourable relief from authorities
@marketisy
AIR INDIA PLANE TAKES WRONG TURN, ENDS UP ON SAME TAXIWAY AS INDIGO AIRCRAFT AT AHMEDABAD AIRPORT
An Air India aircraft reportedly took a wrong turn while taxiing to its parking bay at Sardar Vallabhbhai Patel International Airport, bringing it onto the same taxiway as an IndiGo aircraft on Wednesday evening, according to sources.
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