Stocks to Watch Today, 11th June 2025: Maruti Suzuki ,Kaynes Technology and more
Financial markets are set for a cautious start today, with GIFT Nifty futures showing a modest 10-point gain to 25,171 . The muted sentiment at home comes amid mixed global cues. The US and China have agreed to implement the Geneva trade deal, while a US federal appeals court has upheld President Trump's retaliatory tariffs.
On the domestic front, Indian and US trade negotiators have reportedly made "meaningful" progress, raising hopes of an early conclusion to the first phase of their trade agreement.
In the Asia-Pacific region, markets in Japan, South Korea, China, and Australia are trading higher, with gains between 0.3% and 0.6%, mirroring overnight strength in US indices. These global developments set the stage for stock-specific action on Dalal Street today.
Stocks to Watch
Maruti Suzuki is said to be rescheduling production of its upcoming electric vehicle model, the e-VITARA. This is a straight result of a shortage in rare earth magnets, an essential material for EV production. This points to enduring supply chain issues in the nascent electric vehicle industry.
Kaynes Technology is making a strategic announcement. Its wholly-owned subsidiary, Kaynes Semicon Private Ltd, has signed an asset purchase agreement with Japan's Fujitsu General Electronics Limited. The agreement allows for the purchase of power module production lines, marking a development in Kaynes Technology's manufacturing capacity.
IndiGo is opening up ambitious plans to expand globally. The airline will launch direct flights to three Central Asian cities: Kazakhstan's Almaty, Uzbekistan's Tashkent, and Georgia's Tbilisi. This is a strategic foray into new geography.
Wipro has sealed a two-year extension of its alliance with Metro AG, an international food wholesaler. Such extensions reflect secure, long-term associations in the IT services sector.
Reliance Infrastructure and Diehl Defence of Germany declaring strengthened strategic partnership. This collaboration is set to concentrate on the supply of precision-guided munitions to the Indian Armed Forces, reinforcing current relationships.
IIFL Finance has announced plans to raise up to ₹600 crore by issuing non-convertible debentures (NCDs) through a private placement, a move commonly adopted by financial institutions to strengthen their capital base. Simultaneously, a government-owned entity is also considering similar measures to enhance its financial position.
Bank of Baroda has announced a revision in its marginal cost of funds-based lending rate (MCLR), effective from June 12, 2025. The revision in lending rates has the potential to impact the cost of credit in banking products.
Max Financial Services has announced a key leadership change, appointing Sumit Madan as the managing director and chief executive officer of Axis Max Life Insurance Ltd, effective October 1, 2025.
CreditAccess Grameen has successfully availed a $100 million multi-currency syndicated social loan facility. This facility is classified as an External Commercial Borrowing (ECB) under the Reserve Bank of India's (RBI) automatic route, which reflects access to foreign sources of financing.
Texmaco, a veteran engineering company, has bagged a significant order. The firm stated that it has received a ₹44.04 crore order from Mumbai Railway Vikas Corporation Limited. Such orders reflect ongoing investment in rail infrastructure development.
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