Stocks in news: IFCI, Tata Motors, General Insurance Corp, Corona Remedies, HFCL

Markets extended their winning streak for the fourth consecutive session on Wednesday, supported by favourable global cues and sustained buying across sectors. Technically, analysts say the Nifty has reclaimed the psychological 24,000 mark, reinforcing the ongoing recovery, and is now approaching the 100-day EMA near the 24,150 level. A sustained move above this zone could pave the way for an extension towards the 24,500 mark in the near term. On the downside, the 23,800-23,900 region is expected to provide immediate support in the event of any profit-taking, followed by the 23,650 level as the next key support.

In today’s trade, shares of IFCI, Tata Motors, General Insurance Corp, Corona Remedies, HFCL among others will be in focus due to various news developments.

IFCI
The shares of IFCI will be in focus as the NSE filed its draft IPO papers with market regulator Sebi this week. The stock has soared more than 51% in just one month. The rally was driven by the fact that IFCI owns a 52.86% stake in Stock Holding Corporation of India (SHCIL), which in turn, holds 4.4% of NSE as of the December quarter.Tata Motors
Jaguar Land Rover projected a sharp turnaround, guiding for a 13% revenue growth and a swing back to profitability in financial year 2027 after a tough FY26 when a cyberattack forced a month-long production shutdown and US tariffs hit volumes.

Corona Remedies
Sepia Investments sold shares worth about Rs 749 crore in Corona Remedies through a block deal on the stock exchange, with a clutch of marquee institutional investors, including HDFC Mutual Fund, Aberdeen Asset Management entities, and the Abu Dhabi Investment Authority, picking up the stake.
General Insurance Corp
General Insurance Corporation of India (GIC Re) on Wednesday announced the appointment of Hitesh Rameshchandra Joshi as its Chairman-cum-Managing Director (CMD). He officially took over charges on June 16, according to a statement by the reinsurer.
HFCL
Domestic telecom company HFCL has bagged an order worth Rs 2,666 crore from Rail Vikas Nigam Ltd to supply equipment for the BharatNet Phase-3 project. The fresh contract is in addition to the earlier contract of Rs 2,167.65 crore awarded to the company by RVNL for BharatNet Phase-3 projects in the Uttar Pradesh (East) and Uttar Pradesh (West) telecom circles in January, the company said in a regulatory filing.

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