Stocks to Watch Today, 10th June 2025: Premier Energies,Wipro And more

Indian equity markets are poised for a firm start on Tuesday, with Gift Nifty futures trading 62.70 points higher at 25,244.50, indicating early optimism on Dalal Street. The gains come on the back of upbeat global sentiment, supported by advances in Asian equities and steady cues from Wall Street overnight.

In Asia, key indices traded in the green with Japan’s Nikkei and South Korea’s KOSPI rising close to 1%, while Hong Kong’s Hang Seng also posted modest gains in early trade. The positive momentum is expected to extend gains in Indian benchmarks, after a strong start to the week on Monday.

Investors will be closely watching critical macroeconomic cues later this week. The US retail inflation data for May, scheduled for release on Wednesday, will set the tone for global risk sentiment. Domestically, India’s Consumer Price Index (CPI) print for May will be announced on Thursday and could influence rate expectations going forward.

On Wall Street, the S&P 500 ended Monday's session marginally higher, up 0.09% at 6,005.88, while the Nasdaq gained 0.31% to close at 19,591.24. The Dow Jones Industrial Average finished flat at 42,761.76 as investors monitored ongoing trade negotiations between the US and China.

In commodities, Brent crude futures edged up 0.24% to $67.20 per barrel, while WTI rose 0.25% to $65.45—touching a two-month high during the session. Spot gold slipped 0.5% to $3,310.40 an ounce.

The dollar index held steady at 98.986 after Monday’s dip, as markets remained cautious amid geopolitical uncertainty. Bitcoin, meanwhile, surged nearly 4%, trading around $110,000, reflecting a renewed risk appetite among crypto investors.

Stocks to Watch 

Premier Energies: South Asia Growth Fund II Holdings is expected to sell 2.5 crore equity shares, or 5.5% of the company's paid-up equity, through block deals. The cut-off price for this deal is placed at ₹1,051.50 per share.

Wipro: Promoter entity Azim Premji Trust carried out a block deal of 20.23 crore shares, with a total value of the transaction amounting to ₹5,057 crore, indicating a significant change in the shareholding structure.

Capri Global Capital: The firm launched its Qualified Institutions Placement (QIP) issue on June 9. The floor price of this issue has been set at ₹153.93 per share. According to reports, the QIP is expected to raise up to ₹2,000 crore, including an upsize option of ₹500 crore.

Mahindra & Mahindra (M&M): The automaker has enhanced its shareholding in its publicly traded non-banking financial subsidiary, Mahindra & Mahindra Financial Services Ltd (MMFSL), by subscribing to equity shares made available pursuant to MMFSL's rights issue

Apollo Pipes: The firm has bolstered its holding in its subsidiary, Kisan Mouldings Limited, by acquiring an additional 1.01% equity stake through a transaction in the secondary market.

Jana Small Finance Bank: The bank has officially applied with the Reserve Bank of India (RBI) seeking permission to transition voluntarily from a small finance bank to a universal bank, a major strategic move.

IRB Infrastructure Developers: In tandem with IRB Infrastructure Trust, the firm saw an 8.5% year-on-year growth in toll take for May at ₹581.2 crore, from ₹535.5 crore for the corresponding period of last year. Another source puts the 9% year-on-year growth in toll revenue for May 2025 at ₹581 crore.

Protean eGov Technologies: The firm has been awarded a work order worth around ₹100 crore by the Bima Sugam India Federation (BSIF). Protean eGov has been appointed the technology solution partner for the end-to-end development, implementation, support, and maintenance of the Bima Sugam Marketplace, including platform integrations and marketplace protocols.

ITD Cementation India: The firm has been awarded a contract for ₹893 crore to construct a berth and breakwater, part of the greenfield captive jetty(s) development in Odisha.

Tata Power's solar business, TP Solar, has reached a total solar module production of more than 4 GW at its facility in Tirunelveli, Tamil Nadu, marking a significant operating milestone.

AstraZeneca Pharma India: Sanjeev Kumar Panchal is resigning as Managing Director, effective June 30, to take on an international position within the AstraZeneca Group. Praveen Rao Akkinepally has been named the new Managing Director, effective July 1.

Force Motors: Sanjay Kumar Bohra has resigned as Chief Financial Officer (CFO) effective from June 9. Rishi Luharuka will become the Group CFO effective from June 10.

Tech Mahindra: Lakshmanan Chidambaram is to retire as President of Tech Mahindra Americas  Strategic Vertical Business effective from June 30.

Geojit Financial Services: The Board of Directors has appointed Jayakrishnan Sasidharan as Chief Information Officer, effective June 9.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

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