Stocks to Watch out for on June 16, Share Market News: Domestic equity benchmarks made a comeback on Monday after two back-to-back sessions of losses in a recovery aided by buying in financial, IT and energy shares. The Sensex rose 677.6 points, or 0.8 per cent, to end at 81,796.2 while the Nifty50 settled at 24,946.5, up 227.9 points, or 0.9 per cent, from its previous close. Here are a number of stocks set to be in focus during Tuesday’s session on Dalal Street.
Hindustan Zinc Ltd (HZL)
HZL shares are set to trade ex-dividend on Tuesday.
Vishal Mega Mart
A block deal worth Rs 5,000 crore is likely to take place in Vishal Mega Mart, with SAMAYAT offloading 45.97 crore equity shares at a floor price of Rs 110 apiece, according to sources.
The anticipated floor price marks a 12 per cent discount to the current market price.
Tanla Platforms
The company’s board has approved a buyback proposal at Rs 875 per share, marking a 34 per cent premium over the market price.
Mastek
The company has secured a one-year deal from the UK’s National Health Service (NHS).
Mphasis
The company has signed a strategic agreement with Sixfold.
Biocon
The biotechnology firm has launched a qualified institutional placement (QIP) of shares at Rs 340.2 apiece.
State Bank of India (SBI)
SBI’s board has approved a proposal to raise funds in FY26.
Macrotech Developers
The government has permitted Macrotech Developers Ltd to change its name to Lodha Developers Ltd.
Tata Consultancy Services (TCS)
TCS has signed a transform reconciliation processes pact with the Council of Europe Development Bank.
Under the deal, the Mumbai-based IT major is set to implement its TCS BaNCSTM system for the multilateral development bank.
HCLTech
HCLTech has signed a multi-year contract with European energy company E.ON.
Patanjali Foods
The company is revising the Articles of Association (AoA) and the Memorandum of Agreement (MoA) for its electricity generation business.
