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Stocks to watch: Shares of firms like Maruti Suzuki, IndiGo, Texmaco Rail, Wipro, Reliance Infra, and others will be in focus on Wednesday’s trade
Stocks To Watch On June 2
Stocks to Watch on June 11, 2025: Markets traded in a subdued manner and ended almost unchanged on Tuesday, taking a pause after the recent surge. Today, shares of Maruti Suzuki, IndiGo, Texmaco Rail, Wipro, and others will be in focus due to various news developments.
IndiGo
IndiGo, the domestic airline, announced plans to enhance its international capacity to Central Asia by launching direct flights to three key destinations: Almaty (Kazakhstan), Tashkent (Uzbekistan), and Tbilisi (Georgia).
Texmaco Rail
Texmaco Rail and Engineering reported receiving an order worth ₹44.04 crore from Mumbai Railway Vikas Corporation.
Max Financial
Max Financial has appointed Sumit Madan as Managing Director and CEO of Axis Max Life for a term of five years, effective from October 1.
Maruti Suzuki
Maruti Suzuki has cut near-term production targets for its first electric vehicle, the e-Vitara, by two-thirds due to rare earth shortages, according to a company document seen by Reuters. Initially planning to produce 26,500 e-Vitaras between April and September, the company now plans to manufacture only 8,200 units.
Reliance Infrastructure
Reliance Defence, promoted by Reliance Infrastructure, has signed a strategic cooperation agreement with Germany-based Diehl Defence to locally produce advanced precision-guided ammunition systems for the Indian armed forces. This includes the manufacturing of the Vulcano 155 mm Terminally Guided Munition (TGM) system in India.
Marksans Pharma
OrbiMed Asia IV Mauritius FVCI Ltd, a global healthcare investment firm, has launched a block deal to sell 2.27% of its stake in Marksans Pharma, amounting to ₹256.8 crore.
Aditya Birla Capital
Jomei Investments, a special purpose vehicle owned by Advent International Corporation, has launched a block deal to sell a 1.4% stake in Aditya Birla Capital Ltd for ₹856 crore, as reported by CNBC-TV18. The floor price has been set at ₹237.80 per share.
Kaynes Technology
Kaynes Technology India’s subsidiary, Kaynes Semicon Pvt Ltd, has entered into an asset purchase agreement with Japan’s Fujitsu General Electronics Limited. Signed on June 9, 2025, the deal involves acquiring production lines for power modules for a total consideration of 1.59 billion yen.
IIFL Finance
IIFL Finance plans to raise up to ₹600 crore through the issuance of non-convertible debentures (NCDs) via private placement. The funds will be used to augment long-term resources and support the growing lending book.
Wipro
Wipro has extended its partnership with Metro AG, an international food wholesaler, for an additional two years. Under the renewed agreement, Wipro will continue to provide integrated digital services, including cloud, data, application development, and AI-enabled IT support services.
Bharti Airtel
The Department of Telecommunications has imposed a penalty of ₹1,01,000 on Bharti Airtel for inadequate verification of customers. Airtel stated in an exchange filing that it was penalised for violating subscriber verification norms, which require telecom companies to ensure proper verification before enrolling customers.
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Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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