Stocks to Watch Today, 17th June 2025: NTPC, Vishal Mega Mart, Tanla Platforms and More

Markets are expected to open on a cautious note on Tuesday, as global sentiment remains fragile due to the ongoing Iran-Israel conflict and concerns over trade tariffs. GIFT Nifty futures were last seen trading 24 points lower at 24,973, indicating a flat to mildly negative start for Indian equities.

Despite geopolitical headwinds, major Asian indices were trading in the green. The CSI 300 in mainland China edged up 0.07%, Hong Kong’s Hang Seng rose 0.03%, Japan’s Nikkei advanced 0.51%, and Australia’s ASX 200 was up 0.11%.

Overnight, Wall Street posted solid gains. The Nasdaq Composite rallied 1.52%, the S&P 500 climbed 0.94%, and the Dow Jones Industrial Average gained 0.75%, bolstered by tech-led optimism.

On Monday, Indian benchmarks closed firmly in the positive territory. The NSE Nifty 50 jumped 228 points (0.92%) to 24,947, while the BSE Sensex surged 678 points (0.84%) to 81,796.

Here are the key stocks to watch on June 17, 2025:

Stock to watch 

NTPC: The board of the state-run power utility will meet on Saturday, June 21, to consider raising up to ₹18,000 crore via bonds or non-convertible debentures (NCDs), adding to its capital planning roadmap.

Tanla Platforms: The board has approved a share buyback of up to 20 lakh shares (1.49% of total equity) at ₹875 per share, signaling confidence in the company’s valuation.

Biocon: The biotechnology major launched a ₹4,500 crore qualified institutional placement (QIP), offering up to 139 million new shares - 11.6% of its existing equity base. The floor price is set at ₹323.2 per share.

Mphasis: The mid-tier IT services firm has announced a strategic partnership with Sixfold, a generative AI company based in the US and UK, aimed at enhancing underwriting solutions in the insurance sector.

Vishal Mega Mart: Promoter Samayat Services LLP is planning to divest approximately 10% stake via a block deal to raise around $588 million, as per reports.

Asian Paints: In a major secondary market transaction, Reliance Industries sold 8.5 million shares of Asian Paints at ₹2,207 apiece, while ICICI Prudential Mutual Fund picked up the same quantum. This comes days after RIL offloaded a 3.64% stake in the company.

HCL Technologies: The tech major has entered into a long-term partnership with European energy player E.ON to modernize its cloud infrastructure, deepening its presence in the energy vertical.

Ramkrishna Forgings: Promoters will infuse capital by subscribing to warrants priced nearly 3x the current market price. Shareholder approval will be sought at an EGM scheduled for June 28.

Lupin: The pharma firm has signed a licensing and supply agreement with China-based Sino Universal Pharmaceuticals to launch Tiotropium Dry Powder Inhaler (18 mcg per capsule) for treating chronic obstructive pulmonary disease or COPD in the Chinese market.

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

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