Stocks to watch, June 16: GIC, HCLTech, Adani Enterprises, Waaree Energies, GMR Airports, Craftsman Automation
The domestic stock market is expected to see a flat-to-positive start on Tuesday, June 16. The GIFT NIFTY futures suggest that the NIFTY50 index will open 28 points higher.
Here is a list of stocks that may remain in focus today.
General Insurance Corporation of India (GIC): Shares will be in focus as the government will sell up to 5% stake in the company at a floor price of ₹352 per share.
The two-day offer for sale (OFS) will open for institutional investors on Tuesday and retail investors on Wednesday.
At the floor price of ₹352 apiece, the sale of over 8.77 crore shares will fetch about ₹3,000 crore to the exchequer.
The government will divest 2% equity in GIC, with an additional 3% as a green shoe option, Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said on X.
Delhivery: Logistics firm Delhivery on Monday announced the launch of a nationwide network of over 1,000 platform-dedicated rest facilities for delivery associates across nearly 600 cities and towns, including major hubs and emerging markets.
These facilities, “vishram,” which are spread across cities such as Delhi, Hyderabad, Mumbai, Pune, Ahmedabad, Jaipur, and Lucknow, will support the well-being of all delivery personnel across the country, irrespective of their platform, parent organization, or sector, including those working in e-commerce, quick-commerce, food-tech, and traditional courier services, the company said.
Siemens Ltd: Technology firm Siemens Ltd on Monday said it has secured a supply order from Titagarh Rail Systems for advanced propulsion systems, and train control and monitoring systems (TCMS) for the Pune Metro Rail project extension.
The scope of the work includes design, manufacture, supply, and warranty of traction converters, auxiliary converters, traction motors, and TCMS for 12 trainsets, the company said, without sharing financial details of the deal.
“As India continues to invest in sustainable urban transportation, the development of a strong local manufacturing and technology ecosystem becomes increasingly important,” said Rajeev Joisar, Chief Executive Officer, Mobility Business at Siemens.
Ashok Leyland: Ashok Leyland and Switch Mobility have become the first OEMs to offer discounts under the scheme for replacing old trucks and buses in Delhi-NCR, an official statement said on Monday.
The first Memorandum of Understanding (MoU) under the Centre’s scheme for replacement of old trucks and buses in the Delhi-NCR region was signed on Monday between the Ministry of Road Transport and Highways (MoRTH) and Ashok Leyland, along with Switch Mobility, a subsidiary of the company.
With the signing of the MoU, the statement said, Ashok Leyland and Switch Mobility have become the first Original Equipment Manufacturers (OEMs) to partner with the government for implementation of the scheme.
“Under the agreement, the companies will provide an 8% discount on the ex-showroom price of eligible trucks and buses purchased under the scheme,” the statement said.
Lloyds Engineering Works: Shares will be in focus after the company said its board will meet on June 18, 2026, to consider and approve a proposal for raising funds through a preferential issue of shares. Investors will closely watch the size of the fundraise, pricing, and the identity of potential investors, as these could have a bearing on the company’s growth plans and shareholding structure.
Afternoon Energies: Waaree Energies on Monday said that it has got shareholders’ approval to raise up to ₹10,000 crore through the issuance of equity shares on a Qualified Institutions Placement basis.
On April 29, the board of the company approved raising of up to ₹10,000 crore through the issuance of equity shares, non-convertible debentures, along with warrants, any other eligible securities convertible into equity shares of the company, or any combination (collectively, securities) on Qualified Institutional Placement.
According to a regulatory filing, the company got shareholders’ approval to raise capital through a qualified institutions placement.
The shareholders also approved the appointment of Jignesh Devchandbhai Rathod as a Whole-Time Director & CEO of the company.
“…the resolutions as proposed in the postal ballot notice dated May 14, 2026, have been passed by the shareholders by remote e-voting process with requisite majority, on Saturday, June 13, 2026 (last date of remote e-voting),” it stated.
Adani Enterprises: Adani Group and Jabil Inc. on Monday announced plans to form a strategic alliance to establish a vertically integrated AI and data centre infrastructure manufacturing platform in India, targeting large-scale production of AI-ready hardware for domestic and global markets.
The proposed alliance will combine Jabil’s engineering and advanced manufacturing capabilities with Adani Group’s infrastructure, green energy, logistics, and data centre assets to address growing demand for AI data centre infrastructure, the companies said.
Under the proposed collaboration, the companies plan to develop multi-gigawatt manufacturing capacity for high-density AI racks, servers, storage, and networking systems in India. The platform will also manufacture key supporting infrastructure, including power distribution units (PDUs), coolant distribution units (CDUs), transformers, switchgears, bus bars, and thermal management systems.
HCLTech: IT company HCLTech plans to buy a 10.46% stake in government-backed sovereign AI model developer Sarvam AI for ₹1,427 crore, according to a regulatory filing.
The transaction, which values Sarvam AI at $1.5 billion, is expected to close within two weeks of signing the agreement.
“Total investment of ₹1,427.25 crore. 41,421 equity shares for a 10.46% stake in Sarvam AI will be acquired,” HCLTech said in a filing on Monday.
Sarvam AI is building the foundational model of Sovereign AI for India. The company is developing India’s full-stack Sovereign AI platform across research, models, infrastructure, and applications, built to advance AI for all of India.
The transaction does not require any regulatory approval, the filing said.
Craftsman Automation: Shares of Craftsman Automation are likely to be in focus after the company launched a Qualified Institutions Placement (QIP) issue to raise up to ₹2,000 crore. The Fund-Raising Committee approved the opening of the issue on June 15 and adopted the preliminary placement document, following approvals from the board and shareholders earlier this year.
Oil-linked stocks: OMCs, upstream oil companies, aviation, tyres, and paints will be in focus as crude oil prices remain in a comfortable range. When last seen, the WTI Crude futures traded at $80.96 per barrel, while Brent Crude futures traded at $83.34 per barrel.
The peace deal between the US and Iran saw the crude oil prices falling sharply after remaining at elevated levels for over three months.
GMR Airports: Shares of GMR Airports are expected to be in the spotlight on Tuesday, June 16, as it posted its monthly traffic data for May 2026 on Monday.
According to a regulatory filing, the company reported a 6.1% year-on-year (YoY) surge in its total passenger traffic to 10.63 million passengers in May 2026 across all its portfolio airports.
More specifically, its domestic traffic jumped 7.9% YoY to 8.3 million passengers, and its international traffic rose 0.4% YoY to 2.4 million passengers during the month under review.
However, its international passenger traffic was impacted by the ongoing geopolitical instability in the Middle East since February 28, 2026.
Patel Engineering: Maharashtra Krishna Valley Development Corporation has issued the Letter of Award (LOA) to a joint venture involving Mumbai-based infrastructure company Patel Engineering Limited (PEL) for an irrigation project under the Tasgaon Lift Irrigation Scheme in Maharashtra.
The total contract value stands at ₹126.37 crore (excluding taxes), with PEL’s share in the contract amounting to ₹64.45 crore (51%). The company had earlier been declared Lowest Bidder (L1) for the project, and the receipt of the Letter of Award (LoA) formalises the award, marking the commencement of project execution.
Northern Arc Capital: YES BANK & Northern Arc Capital have entered a partnership to expand access to credit, scale digital lending, and provide debt investment opportunities for its customers.
“This brings together balance-sheet strength, digital infrastructure, distribution capabilities, underwriting expertise, and technology platforms to expand formal credit access across underserved segments in India, in line with the Government of India’s Financial Inclusion agenda towards fulfilling the Viksit Bharat vision of 2047,” Northern Arc said in its press release.
Northern Arc Capital Limited (NACL) is a diversified financial services platform focused on expanding the flow of credit to individuals and businesses across India.
With inputs from PTI
