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Business Upturn
5 days ago
- Business
- Business Upturn
Top stocks to watch today, June 17: HCLTech, TCS, Godrej Properties, Hyundai Motor India, Mphasis and more
Indian benchmark indices started the week on a strong note despite global uncertainties and geopolitical tensions. On Monday, June 16, 2025, the BSE Sensex climbed 677.55 points (0.84%) to end at 81,796.15, while the NSE Nifty50 gained 227.90 points (0.92%) to close at 24,946.50. Today, several stocks will be in focus due to company announcements. Stocks to Watch on June 17, 2025 HCLTech: The IT services firm has secured a multi-year deal to manage private cloud and network operations for German utility company TCS: Tata Consultancy Services will deploy its core banking solution, BaNCS, for the Council of Europe Development Bank. Godrej Properties: The company has acquired a 16-acre land parcel in Pune's Upper Kharadi area. The estimated development potential from the project is approximately ₹3,100 crore. Biocon: The biopharma company has launched a Qualified Institutional Placement (QIP) with an aim to raise up to ₹4,500 crore. The indicative floor price is set at ₹323.2 per share. DLF: Credit rating agency ICRA has upgraded DLF Cyber City Developers Ltd's long-term rating to AAA. The outlook has been revised from positive to stable. Zee Entertainment: The company plans to raise up to ₹2,237 crore through the issuance of warrants to promoter entities at ₹132 per share. Sona BLW Precision Forgings: The board has reaffirmed its confidence in CEO Vivek Vikram Singh, who will continue to lead business operations. A new chairperson will be appointed soon. Hyundai Motor India: The company has commenced engine production at its Talegaon manufacturing facility in Maharashtra. Mastek: The digital engineering firm has won a contract to provide cybersecurity training to the NHS Board and Senior Information Risk Owners (SIRO) in the UK. Mphasis: The company has partnered with AI underwriting firm Sixfold to support digital transformation in the insurance sector. Tanla Platforms: The board has approved a buyback of up to 20 lakh shares worth ₹175 crore at a maximum price of ₹875 per share. Axiscades Technologies: The company has entered into a joint development agreement with Europe-based Indra for defense product innovation. Asian Paints: Reliance has offloaded 85 lakh shares of Asian Paints to ICICI Prudential at ₹2,207 per share through a block deal conducted on June 12. Vodafone Idea (VMM): Promoters are reportedly preparing to sell shares worth ₹9,900 crore via block deals. The floor price is expected to be at a 12% discount to the current market price. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash
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Business Standard
5 days ago
- Business
- Business Standard
Stocks to Watch today, June 17: NTPC, Vishal Mega Mart, Sona BLW, Zee Ent
Stocks to Watch today, June 17, 2025: Asian Paints, Sona BLW, Tanla Platforms, Mphasis are among shares to remain focus Stocks to Watch today, June 17, 2025: Investors will trade cautiously amid the Iran-Israel conflict, and developments surrounding trade tariffs. Last seen, GIFT Nifty futures were down 24 points at 24,973. However, Asian markets edged higher with mainland China's CSI 300 up 0.07 per cent, Hong Kong's Hang Seng 0.03 per cent, Japan's Nikkei 0.51 per cent, and Australia's ASX 200 0.11 per cent. Overnight, Wall Street indices also closed higher with the Nasdaq up 1.52 per cent, the S&P 500 0.94 per cent, and the Dow Jones 0.75 per cent. Here is a list of stocks to watch today, June 17, 2025: Zee Entertainment: The company is planning to raise ₹2,237.44 crore from promoter group entities, which will lead to an increase in promoter shareholding to 18.4 per cent. NTPC: The board is scheduled to meet on Saturday, June 21, 2025, to consider issuing bonds/NCDs aggregating up to ₹18,000 crore. Sona BLW Precision Forgings: Following the sudden demise of Chairman Sunjay Kapur, the company's board will meet soon to elect a new chair. The company assured that operations will continue without disruption under CEO Vivek Vikram Singh. Tanla Platforms: The board approved the buyback of up to 20,00,000 shares having a face value of ₹1 representing up to 1.49 per cent of the total number of shares at ₹875 per share. Biocon: The company on Monday launched a qualified institutional placement (QIP) to raise ₹4,500 crore. As part of the offering, the firm will issue up to 139 million new shares — 11.6 per cent of its current outstanding equity base. The floor price for the QIP has been set at ₹ 323.2. Mphasis: Mid-tier IT services company has entered into a partnership with Sixfold, a US- and UK-based AI company that provides generative AI tools for insurance underwriters. Vishal Mega Mart: The company's promoter entity, Samayat Services LLP, is planning to offload approximately 10 per cent of its stake through a block deal, aiming to raise $588 million, according to reports. Asian Paints: On Monday, RIL sold 8.5 million shares of Asian Paints for ₹2,207 per share through an open market transaction. On the other hand, ICICI Prudential Mutual Fund bought 8.5 million shares at ₹2,207 per share. RIL had offloaded 35 million equity shares or a 3.64 per cent stake in Asian Paints on Thursday as well. HCL Technologies: HCLTech has entered into a strategic partnership with a European energy company, to support the transformation of cloud infrastructure under the terms of the contract. Ramkrishna Forgings: The promoters will infuse fresh capital into the company through warrants priced at nearly three times the market value. On June 5, the company informed the stock exchanges about the issuance of warrants, each convertible into or exchangeable for one equity of face value of ₹2 each, to promoters of the company. An extraordinary general meeting (EGM) has been convened on June 28 for shareholders' approval. Lupin: The company has entered into a licence and supply agreement with Sino Universal Pharmaceuticals (SUP) to launch Tiotropium Dry Powder Inhaler (DPI), 18 mcg per capsule, in the Chinese market. Tiotropium DPI is used to treat chronic obstructive pulmonary disease (COPD). Nazara Technologies: The board of directors of Nazara Technologies has approved the allotment of 50,00,000 equity shares of face value ₹4 at ₹990 per share, on a preferential basis by way of private placement to Axana Estates LLP for an aggregate consideration of ₹ 4,95,00,00,000.
Mint
6 days ago
- Automotive
- Mint
Auto part makers look beyond cars to dodge global headwinds
Facing shifting trade dynamics, geopolitical tensions, and cooling demand especially in the key US market, top Indian auto component makers Samvardhana Motherson, Sona Comstar, and Bharat Forge are either getting into new growth areas or beefing up existing presence in alternative sectors. During management calls with analysts and investors in May after declaring their Q4 results, Sona Comstar (listed on the bourses as Sona BLW Precision Forgings Ltd) said it is looking at railways, Motherson at aerospace, and Bharat Forge said it is eyeing defence and electronics to boost growth even as the core auto business faces challenges. The tweak in strategic direction follows the March announcement by US President Donald Trump that all automobile-related imports into the US would attract a flat tariff of 25%. For these three companies, which have among the highest exposure to the US market among Indian auto component makers, that is likely to hit revenues and margins. Sona Comstar's managing director and chief executive officer (CEO) Vivek Vikram Singh said in an analyst call on 30 April that the developments in the US could impact 3% of its total revenue. 'In our opinion, they (US tariffs) will adversely impact the demand for cars and light trucks," Singh said. Also read | Automakers urge Indian govt for diplomatic outreach to China for rare earths In FY25, Sona Comstar earned 41% of its ₹3,545 crore consolidated revenues, and Motherson 19% of ₹1.13 trillion, from the North American market, the bulk of which comprises sales in the US. Bharat Forge generated 70% of its total exports from the Americas (both North and South America) in the same fiscal year. Sona Comstar said that acquisition of railway equipment business from Escorts Kubota, which was completed this month, will make India its largest market from second largest in the previous financial year. The company had announced the acquisition of Escorts Kubota in October 2024 for ₹1,600 crore, marking its entry in the railway equipment space. Motherson's revenue from aerospace components rose from ₹339 crore in FY24 to ₹1,749 crore in FY25, growing at a pace of 415%, albeit on a low base. The company is also diversifying and expanding into areas like consumer electronics and semiconductor manufacturing machines. 'We expect this to grow even further in the coming quarters," said Laksh Vaaman Sehgal, director at Samvardhana Motherson, on the non-automotive revenue. Per its investor presentation for Q4 FY25, Motherson plans to spend about 70% of ₹3,000 crore earmarked for growth capital expenditure on non-auto related business in the current fiscal year (FY26). Read this | From red to black: India's top automakers see EV business turning around Meanwhile, Bharat Forge identified defence and electronics as key growth areas. 'Industrial saw growth across verticals with Defence, Heavy Horse Power Engines registering robust performance. In the medium term, scale up of the Defence business and opportunities for components supply to Small Nuclear Reactors would be key to growth," its investor presentation said. To be sure, Bharat Forge, which has been in the defence business since 2010, is the most diversified among these three companies with more than seven lines of business, including auto parts, defence, aerospace, and electronics, among others. The core auto segment now forms just 53% of its overall business. Amit Kalyani, vice chairman and joint managing director at Bharat Forge, also noted that electronics is going to be a key growth area as its role increases in the industrial sector. 'You need to build scale, you need to build supply chain capability, and I think we are going to do that in multiple areas," Kalyani told analysts in the post earnings call. 'The Indian government wants to create Indian electronics players in niche areas where imports are not wanted to be used. So, I think there is an opportunity and that's what we are pursuing." Also read | Froth clears from Bharat Forge's valuation, but it lags on a crucial metric Jugnu Sakuja, managing director at consultancy firm Alvarez & Marsal, told Mint that the pursuit of leading auto component players to diversify into high-end tech areas like electronics, robot parts manufacturing etc. will continue to intensify as these players will look to find new avenues of growth and expand margins. Facing Global Challenges Companies and analysts alike agree that the growth environment for the country's auto component players is becoming increasingly challenging. 'Muted global production due to geopolitical issues, evolving platform mix and trade dynamics; growth in India and China offset by degrowth in developed markets," were some challenges outlined in Motherson's investor presentation on 29 May. Echoing a similar sentiment, Bharat Forge's management highlighted in its presentation to investors on 8 May that an 'unpredictable policy environment in the near future can lead to lower discretionary spends impacting overall volumes in North America". The imposition of restrictions on rare earth magnets by China in response to the US's decision to impose tariffs has further sparked concerns about automobile production. 'Global automotive production, and in this I include every market, may see disruptions due to supply chain complexities and high dependence on China, especially for rare earth material," Singh of Sona Comstar said. And read | Indian auto stuck in queue as China clears rare earth magnets for others Meanwhile, analysts at Ambit Institutional Equities wrote in a 25 April note, 'We identify three key risks for Ancs-USMCA/tariffs, EU weakness and Chinese competition, and EVs–given the industry's export reliance on US/EU and good salience of engine components." Nifty Auto index has gained 0.81% this year as against a 4.11% rise in the benchmark Nifty 50.
Time of India
30-04-2025
- Automotive
- Time of India
Sona BLW Q4 net profit rises 10% to ₹164 crore despite revenue dip
Sona BLW Precision Forgings ( Sona Comstar ) has announced its financial results for the quarter and year ended March 31, 2025. The company reported its highest-ever quarterly net profit, despite a year-on-year decline in revenue for the fourth quarter. In Q4 FY25, the company recorded a net profit of ₹164 crore, reflecting a 10 per cent year-on-year (YoY) increase. Revenue for the quarter stood at ₹868 crore, marking a 2 per cent decline. On the other hand, EBITDA was ₹235 crore with a margin of 27.1 per cent, 5 per cent lower compared to the same quarter last year. Battery Electric Vehicle (BEV) revenue grew 8 per cent YoY to ₹294 crore and contributed 35 per cent of the total revenue for the quarter. For the full financial year, Sona Comstar posted a revenue of ₹3,555 crore, up 12 per cent YoY. Net profit for FY25 was ₹601 crore, up 16 per cent, while BEV revenue grew 38 per cent and accounted for 36 per cent of the company's total revenue. EBITDA for the year stood at ₹975 crore with a margin of 27.4 per cent. The company's net order book reached ₹242 crore as of 31 March 2025, with 77 per cent of this attributed to EV programmes. Sona Comstar added four new EV programmes and two new customers in FY25, taking its total to 58 programmes from 32 customers. Order wins and new product development During the quarter, Sona Comstar received an order from a North American electric vehicle manufacturer to supply rotor-embedded differential sub-assemblies and epicyclic geartrains for a new passenger vehicle. This programme added ₹152 crore to the order book and is expected to enter production in Q4 FY26. The company also launched a new product, the Steering Bevel Box, and secured an order from a global commercial vehicle OEM. This order is valued at ₹110 crore, with production expected to begin in Q3 FY26. Vivek Vikram Singh , MD and Group CEO, Sona Comstar, said, 'In 4Q FY25, we achieved our highest ever quarterly net profit, despite experiencing a revenue decline due to the transition to a new model for one of our large customers, which impacted our supplies last quarter. The production of the new model has been ramping up since March." "With substantial advancements in AI , 3D perception , and control technologies, coupled with decreasing compute costs, we expect rapid adoption of humanoid robots over the next decade. We are leveraging our core capabilities to develop components and sub-systems for these humanoid robots,' Singh further added.
