Stocks to watch on June 16: Adani Enterprises, Sun Pharma, NTPC, Bajaj Finance
Stock markets are expected to start the new week on a cautious note on June 16, as global investors closely track ongoing geopolitical tensions in the Middle East.In the previous week, the stock market fell by over 1% due to nervousness around rising crude oil prices and global uncertainty.As trading resumes on Monday, shares of several companies will be in focus due to fresh developments. These include Adani Enterprises, Sun Pharma, NTPC, Bajaj Finance, Vedanta, and others.ADANI ENTERPRISESAdani Enterprises will be one of the top stocks to watch after the company clarified reports regarding damage to its Haifa Port in Israel. The clarification came after news reports claimed the port was hit by an Iranian missile.On Sunday, Jugeshinder Robbie Singh, the Chief Financial Officer of the Adani Group, said these reports are false. He stated that the Haifa Port has not suffered any damage and that the port is operating as usual.This statement comes at a time when investors are reacting sharply to global events, especially those linked to the Middle East region.SUN PHARMASun Pharmaceutical confirmed that the US Food and Drug Administration (FDA) completed an inspection of its Halol plant. The inspection ended with eight observations issued in a Form 483 notice.Such inspections are important for pharmaceutical companies as they decide whether the company can continue to supply medicines to the US, one of its biggest markets. Investors will be watching to see how the company responds to these observations.BAJAJ FINANCEBajaj Finance shares will be in the spotlight as they will trade ex-bonus and ex-stock split starting June 17. The company had announced a bonus issue in the ratio of 4:1, meaning shareholders will receive four additional shares for each share held.Along with this, the face value of each share will be split from Rs 2 to Rs 1, making the shares more affordable for retail investors. These changes were part of the company's announcements during its fourth-quarter earnings report.NTPCNTPC, the state-run power producer, announced that it has started commercial operations at Unit-3 of the North Karanpura Super Thermal Power Project. This unit has a capacity of 660 megawatts.The start of commercial operations means the company can now earn revenue from power generated by this unit, which could help boost its financial performance in the coming quarters.ITCITC announced the completion of its acquisition of 100% stake in Sresta Natural Bioproducts (SNBPL) for Rs 400 crore. As a result, SNBPL and its overseas companies in the US and UAE have now become wholly owned subsidiaries of ITC.VEDANTAVedanta has said it will hold a board meeting on June 18 to consider an interim dividend for the current financial year, FY26. The company has fixed June 24 as the record date to determine which shareholders are eligible to receive the dividend.Dividends are payouts made to shareholders, and news of such proposals can influence stock prices ahead of the board meeting.NAZARA TECHNOLOGIESGaming and media firm Nazara Technologies will also be under focus after well-known investor Rekha Jhunjhunwala sold over 27 lakh shares in the company on June 13.This move reduced her holding in the firm. Large stake sales by key investors usually draw attention in the stock market, and share prices may react accordingly.SYNGENE INTERNATIONALBiotech firm Syngene International has received an Establishment Inspection Report (EIR) from the US FDA for its GMP manufacturing units located in Biocon Park. This report suggests that the FDA has completed its inspection and has no immediate regulatory concerns.This is seen as a positive sign for the company and may lead to investor interest in the stock.
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