Stocks To Watch On 18 June: Apollo Hospitals, Lupin, Balkrishna Industries And Others
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Indian markets extended gains for a fourth session. Apollo Hospitals settled an RBI matter, Lupin launched a hypertension drug in the US, while HFCL, RVNL and RailTel secured major contracts.
Indian equity markets ended higher on 17 June, marking their fourth consecutive session of gains. The Nifty 50 rose 0.40% to close at 24,085.70. The Sensex advanced 0.45% and settled at 77,155.62. Market sentiment improved as crude oil prices eased and global cues remained supportive. IT, defence and metal stocks led the rally.
Stocks In Focus
Apollo Hospitals Enterprises
The RBI has issued a compounding order in relation to a regulatory matter involving Apollo Hospitals. After the settlement, the proceedings against the company have been closed.
Apollo Hospitals has paid a compounding fee of ₹17.8 crore to resolve the issue.
Lupin
Pharmaceutical major Lupin has introduced Azilsartan Medoxomil tablets in the United States. The medication is prescribed for the treatment of hypertension in adults and strengthens the company's cardiovascular product portfolio in the overseas market.
Balkrishna Industries
Balkrishna Industries has appointed Saroj Kumar Khuntia as its Chief Financial Officer (CFO). The appointment comes into effect from 18 June 2026.
HFCL
HFCL has secured a contract worth ₹2,666.09 crore from Rail Vikas Nigam Limited (RVNL) for the execution of the BharatNet Phase III project in Uttar Pradesh.
Rail Vikas Nigam Limited (RVNL)
RVNL has received a new Engineering, Procurement and Construction (EPC) contract valued at ₹967.92 crore from East Coast Railway.
RailTel Corporation of India
RailTel has been awarded a Letter of Intent (LoI) for a domestic project worth ₹52.57 crore, including taxes. The contract involves the supply, installation, integration and commissioning of disaster recovery IT infrastructure at a Ministry of Electronics and Information Technology (MeitY)-empanelled cloud service provider data centre. The project also includes operations and maintenance support for a period of five years.
Also Read - NSE Files DRHP For What Could Be India’s Biggest-Ever IPO; Valuation Seen At ₹5 Trillion
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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