Stocks To Watch On 22 June: Bharat Forge, Nestlé India, Reliance Industries and More

Indian equity markets ended lower on Friday, 19 June, breaking a five-session winning streak. The Sensex declined 607 points, or 0.78%, to close at 76,802.90, while the Nifty 50 fell 155 points, or 0.64%, to settle at 24,013.10.

Stocks In Focus

Bharat Forge

Bharat Forge has secured a ₹425 crore defence contract from the Ministry of Defence for the supply of Gas Turbine Generators to the Indian Navy. The equipment will be used for onboard power generation on Kolkata-class naval vessels.

Nestlé India

The company has announced that its board will meet on 3 July to consider the declaration of a special dividend from retained earnings for the 2026 financial year.

Reliance Industries

Jio Platforms, the telecom subsidiary of Reliance Industries, has submitted draft IPO documents to the Securities and Exchange Board of India (SEBI). The proposed offering comprises a fresh issue of 270 million shares, with a substantial portion of the proceeds earmarked for debt reduction and general corporate purposes.

Som Distilleries & Breweries

The alcoholic beverages manufacturer disclosed that its application for an excise licence for the Bhopal facility for FY27 has been rejected by the Madhya Pradesh Excise Department.

Rail Vikas Nigam (RVNL)

RVNL has been awarded a contract by NMDC for the development of buffer stockyards and a blending facility in Visakhapatnam, Andhra Pradesh. The project will have an annual handling capacity of 10 million tonnes.

Kirloskar Oil Engines

The company has received a significant order from HyperNext involving 192 MW of power generation capacity for hyperscale AI-enabled data centres across India.

Aurobindo Pharma

The pharmaceutical company stated that the US Food and Drug Administration completed a pre-approval inspection of Eugia Steriles Private Ltd, concluding the review with five observations.

Himadri Speciality Chemical

The Kolkata-based speciality chemicals manufacturer has increased its holding in US-based International Battery Company to 20.47% on a fully diluted basis through an additional investment of $0.66 million.

Vikram Solar

The National Company Law Tribunal's Kolkata Bench has admitted an insolvency petition filed against the company under the Insolvency and Bankruptcy Code.

Goodluck India

Its subsidiary, Goodluck Defence and Aerospace, has secured an order worth approximately ₹255 crore for the supply of 155mm long-range empty shells in ready-to-fill condition.

Also Read - Pre-Market 22 June 2026

Sources

CNBC TV18

Reuters