Despite global concerns over Israel-Iran tensions, India equities closed higher on Monday, led by gains in heavyweight stocks. Investors continued to prioritise long term fundamentals amid market volatility. On Tuesday, attention shifts to key corporate development in stocks from Zee Entertainment to Hyundai Motors.
Top stocks likely to be in focus on June 17, 2025
Zee Entertainment: The Board has approved raising Rs.2,237 crore by issuing 16.95 crore warrants at Rs.132 per share. These will be allotted to promoter group entities, Altillis Technologies and Sunbright Mauritius Investment.
NTPC: The board will meet on June 21 to consider raising Rs.18,000 crore via bonds. This follows Rs.4,000 crore NCD issues scheduled for June 17 via private placement.
TCS: Tata Consultancy Service partnered with the council of Europe Development Bank (CEB) to deploy an AI- based reconciliation system using its TCS BANCSTM platform, aimed at automating and modernizing operations.
Asian Paints: Reliance Industries sold 85 lakh shares worth Rs.1,876 crore through an open market. The shares were sold at Rs. 2,207 each and were acquired by ICICI Prudential Mutual Fund.
Hyundai Motor: Hyundai has started passenger vehicle engine production at its Talegaon plant in Maharashtra as of June 16, 2025. Full vehicle manufacturing expected to start soon.
