Stocks to Watch Today, 9th June 2025: Infosys,UCO Bank And more
The Nifty 50 enters a data-heavy week on a strong footing, having closed last Friday at a two-week high above the 25,000 mark. Notably, this is the same level where the index had peaked on May 26 before slipping into a 500-point consolidation phase.
The latest upmove comes amid renewed optimism, with market participants awaiting critical inflation data releases from both India and the United States later this week - numbers that could shape the near-term stance of the RBI and the US Federal Reserve.
Meanwhile, the Nifty Bank index has hit a fresh record high of 56,695, and technical analysts suggest a potential upside toward the psychological 60,000 level. The banking index is expected to play a leadership role in driving the next leg of market gains.
On the global front, all eyes are on London today as US and Chinese officials meet to revive trade negotiations, which had stalled following disagreements over the Geneva interim accord reached last month. The outcome of these talks could carry significant implications for risk sentiment across global markets.
Stocks to Watch
Infosys has witnessed the dismissal of a pre-show cause GST notice proceedings against the firm. The proceedings were in respect of a tax demand of ₹32,403 crore for the financial years 2018–19 to 2021–22. The resolution of this issue could ease a major financial and reputational overhang for the global IT services company.
UCO Bank has cut its Marginal Cost of Funds Based Lending Rate (MCLR) by 10 basis points (bps) for all tenors, with effect from June 10. The bank also reduced its TBLR, G-sec linked rate, as well as repo-linked rate, with effect from June 9.
Multi Commodity Exchange of India (MCX) has received clearance from the Securities and Exchange Board of India (SEBI) to introduce Electricity Derivatives. This breakthrough development is likely to benefit generators, distribution companies, and large consumers with a valuable instrument to hedge price volatility and take care of related risks in the electricity market.
Bharat Electronics (BEL) has signed a Memorandum of Understanding (MoU) with Tata Electronics to venture into indigenous electronics and semiconductor development. The collaboration is on key areas like semiconductor fabrication (Fab), outsourced semiconductor assembly and test (OSAT), and design services for meeting BEL's needs for microcontrollers (MCUs), systems-on-chip (SoCs), and monolithic microwave integrated circuits (MMICs). This collaboration is a strategic step towards strengthening India's self-reliance in defence-grade electronics components and chip design.
Garden Reach Shipbuilders & Engineers (GRSE) is getting a bigger global presence, having entered into MoUs with Sweden and Denmark. These MoUs seek to build its strength in the marine systems segment and pave its way into the expedition cruise industry. Major collaborations include Berg Propulsion (Sweden) for augmenting its marine equipment portfolio and SunStone (Denmark) for a tie-up in the development of expedition cruise vessels.
Hindustan Copper has entered into an MoU with RITES. This alliance aims to bolster a sustainable supply chain of metals and strategic minerals, such as joint bidding in copper and strategic mineral block auctions, and development, operationalising, exploration, excavation, and transportation of these resources.
Afcons Infrastructure has been awarded a Letter of Award (LoA) amounting to ₹700 crore by Reliance Industries. The award is for the completion of construction jobs for vinyl projects in Dahej, Gujarat. Likewise, GHV Infra Projects has received an order for road construction work worth ₹546 crore from GHV India for the strengthening and upgradation of multiple roads in Mumbai.
Asian Paints can expect an investigation by the Competition Commission of India (CCI). The investigation follows a complaint by Birla Opus Paints, an Aditya Birla Group unit, alleging that Asian Paints has abused its market dominance.
Mahindra & Mahindra has released a strong operational performance for May 2025, with production rising by 27.6% year-on-year to 89,626 units. Sales also rose by 16.6% to 80,458 units, and exports rose by 36.7% to 3,652 units over the same month last year.
Larsen & Toubro (L&T) has unveiled a ₹500 crore ESG bond offering, marking it as the first Indian corporate to issue such bonds under SEBI’s recently launched framework for ESG and sustainability-linked bonds. This move highlights a growing emphasis on sustainable financing within the corporate sector.
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