Stocks to Watch on June 17: TCS, HCLTech, Zee, Biocon, Hyundai, ICICI Bank, and More.
Despite rising tensions in the Middle East between Israel and Iran, Indian equity markets ended Monday with gains, led by strong performances in large-cap stocks. Investors remained optimistic, focusing on long-term fundamentals.
On Tuesday, several companies will be in the spotlight due to key announcements and strategic developments:
HCL Technologies
HCLTech has signed a multi-year strategic partnership with Europe-based energy giant E.ON. The IT firm will build and manage a new private cloud, enhancing E.ON’s global IT and digital capabilities.
Tata Consultancy Services (TCS)
TCS has partnered with the Council of Europe Development Bank (CEB) to implement its AI-driven BaNCS Reconciliations platform, aimed at simplifying and automating transaction reconciliation.
ICICI Bank
The Reserve Bank of India has approved the reappointment of Sandeep Batra as Executive Director for a two-year term beginning December 23, 2025, pending shareholder approval.
Vishal Mega Mart
Promoter entity Samayat Services will offload shares worth up to ₹9,896 crore via block deals, with a floor price of ₹110 per share—nearly double the originally planned sale amount.
Biocon
Biocon has launched a Qualified Institutional Placement (QIP) to raise ₹4,500 crore at a floor price of ₹340.20 per share. Proceeds will be used to support expansion and reduce debt.
NTPC
State-run NTPC may raise up to ₹18,000 crore through bonds, with the decision expected in a board meeting on June 21. Funds will go towards project financing and operational needs.
Hyundai Motor India
Hyundai has begun manufacturing passenger vehicle engines at its Talegaon plant in Maharashtra, signaling a deeper commitment to its India operations.
Zee Entertainment
Zee’s board has approved the issuance of 16.95 crore fully convertible warrants to promoter group entities at ₹132 per share, raising ₹2,237 crore for business expansion.
Bata India
Bata has appointed Panos Mytaros as its new global CEO, replacing Sandeep Kataria. Mytaros is expected to drive the next phase of growth with his global leadership experience.
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