Stocks to watch on June 17: TCS, HCLTech, Zee, Biocon, Hyundai, ICICI Bank, NTPC
Even as tensions in the Middle East continue between Israel and Iran, the stock market saw gains on Monday, supported by strong performance in large-cap stocks.Investors seemed focused on long-term growth despite the uncertain global environment. On Tuesday, several stocks will be in focus due to company announcements and other key updates.These include Tata Consultancy Services (TCS), HCL Technologies, Zee Entertainment, Biocon, Hyundai Motor India, ICICI Bank, NTPC, Vishal Mega Mart and Bata India on Sensex and Nifty. HCL TECHNOLOGIESHCLTech has entered into a strategic multi-year partnership with E.ON, a large energy company based in Europe. The deal will see HCLTech building a new private cloud for E.ON and managing cloud and network services across its global operations. This move is expected to help E.ON handle its IT needs more efficiently and support its digital goals.TATA CONSULTANCY SERVICES (TCS)TCS has joined hands with the Council of Europe Development Bank (CEB) to improve the bank's operational systems. As part of this partnership, TCS will bring in its BaNCS platform for Reconciliations. This technology will use artificial intelligence to simplify and automate the bank's transaction matching and data checking process.ICICI BANKThe Reserve Bank of India has approved the reappointment of Sandeep Batra as Executive Director of ICICI Bank for another two years. His new term will begin on December 23, 2025. The reappointment is subject to approval from the bank's shareholders.VISHAL MEGA MARTPromoter firm Samayat Services is set to sell up to Rs 9,896 crore worth of shares in Vishal Mega Mart through block deals, according to a report by CNBC-TV18. The size of the sale has increased from an earlier plan of Rs 5,057 crore. The floor price for the share sale has been fixed at Rs 110 per share.BIOCONBiocon has launched its qualified institutions placement (QIP) process to raise funds. The floor price for the issue is set at Rs 340.20 per share. As per reports, the company plans to raise around Rs 4,500 crore through this QIP. The money is likely to be used to support business growth and reduce debt.NTPCState-owned NTPC has said it will consider raising up to Rs 18,000 crore through bonds. The decision will be taken in a meeting scheduled for June 21. The funds will be used for business needs, including project financing and working capital.HYUNDAI MOTOR INDIAHyundai has started production of passenger vehicle engines at its plant in Talegaon, Maharashtra. The move is part of the company's plan to expand its manufacturing base in India.ZEE ENTERTAINMENTThe board of Zee Entertainment has approved the issue of up to 16.95 crore fully convertible warrants to entities in the promoter group. These warrants will be issued on a preferential basis at a price of Rs 132 each, helping the company raise a total of Rs 2,237.44 crore. The funds may be used for future business needs and growth.BATA INDIAThe Bata Group has announced a new global CEO. Panos Mytaros will take over the top role, replacing Sandeep Kataria, who led the company since 2020. Mytaros brings global experience and is expected to lead the company through its next phase of growth.
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