Stocks To Watch On 12 June: Infosys, Vedanta Ltd, SBI, Dabur & More

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Indian markets closed lower on global concerns. Infosys’s advanced AI initiatives, Vedanta's demerged entities near listing, SBI and IRCTC announced board appointments, while GNG Electronics, Astral and SP Apparels reported key developments.

Indian equity markets ended lower on Thursday as investors remained cautious amid escalating geopolitical tensions in the Middle East and concerns over elevated US interest rates. The BSE Sensex fell 151 points to close at 73,832, while the NSE Nifty 50 declined 53 points to settle at 23,162.

Infosys

The company has completed a pilot assessment under the CMMI AI Maturity (AIM) Framework. The evaluation covered AI-enabled software development, maintenance, testing and support functions across the company's various service lines and delivery centres.

Vedanta Ltd

Four newly demerged entities of Vedanta Ltd are set to begin trading on the NSE and BSE on 15 June, marking a significant milestone in the group's restructuring exercise aimed at enhancing shareholder value. The companies scheduled for listing are Vedanta Aluminium Metal Ltd. (VAML), Vedanta Power Ltd. (VEDPOWER), Vedanta Iron and Steel Ltd. (VISL), and Vedanta Oil and Gas Ltd. (VOGL). Ahead of regular market trading, all four entities will participate in a special pre-open session designated for newly listed companies.

State Bank of India

The government has appointed Sanjay Lohiya as a director on the board of State Bank of India with immediate effect.

Lenskart Solutions

Several institutional investors acquired shares in Lenskart Solutions through a large block transaction. Kotak Mahindra Mutual Fund purchased 1.2 crore shares valued at approximately ₹591 crore, while Canara Robeco Mutual Fund acquired 32 lakh shares worth around ₹158 crore. The National Pension System Trust bought 50.6 lakh shares valued at nearly ₹248 crore. Other participants included Franklin Templeton Mutual Fund, Mirae Asset Mutual Fund and HDFC Life Insurance. The transaction was executed at an average price of ₹490 per share. The seller, Platinum Jasmine, raised roughly ₹1,960 crore through the sale of 4 crore shares.

IRCTC

Indian Railway Catering and Tourism Corporation (IRCTC) has announced the appointment of Rajneesh Narain as Director (Finance), effective immediately.

GNG Electronics

Promoter entity Vidhi S Khandelwal sold 44.87 lakh shares, equivalent to a 3.94% stake, in a block deal worth around ₹175 crore. The shares were sold at an average price of ₹390 each. Institutional investors, including Mirae Asset Mutual Fund, ITI Mutual Fund, Goldman Sachs, Edelweiss Mutual Fund and Trust Mutual Fund, acquired shares worth around ₹25 crore each. Mobius Investment Trust also participated, purchasing nearly 5 lakh shares valued at approximately ₹19.3 crore.

Astral Ltd

Astral Ltd has announced that its wholly-owned subsidiary, Astral Chemie Ltd, has entered into definitive agreements to acquire a 60% partnership interest in Differentiated and Sustainable Solutions LLP (DSS). The transaction is valued at approximately ₹39.11 crore.

SP Apparels Ltd

The company has signed a loan agreement to provide up to GBP 4 million (approximately ₹51.2 crore) to its wholly-owned subsidiary, SP Apparels (UK) Pvt Ltd. The loan carries an annual interest rate of 9% and has a tenure of up to three years. It may also be repaid earlier if demanded by the company.

Dabur

The US Food and Drug Administration (FDA) has placed certain products manufactured at Dabur India's Silvassa facility under an import alert after an inspection found deficiencies related to data integrity and maintenance. The move restricts the affected products from entering the US market.

Also Read - Pre-Market 12 June 2026

Sources

CNBC TV18

Reuters

This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, visit www.kotakneo.com/disclaimer.

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