Stocks To Watch On 24 June: Infosys, Vedanta, City Union Bank And More

Indian equity markets ended Tuesday's session on a weak note, with the Sensex falling nearly 900 points to close around 76,201, while the Nifty 50 declined 1.16% to 23,824. Selling pressure was broad-based, led by losses in IT and metal stocks.

Stocks In Focus

Infosys

Infosys has strengthened its long-term collaboration with semiconductor manufacturer GlobalFoundries. As part of the expanded agreement, the IT services company will deliver AI-powered managed services across GlobalFoundries’ enterprise technology ecosystem. Infosys will manage applications, infrastructure, data platforms and service desk functions to support the chipmaker’s digital transformation initiatives.

Vedanta

Vedanta's promoter group entity, Twin Star Holdings, divested 6.5 crore shares through a block transaction. The deal was valued at nearly ₹1,900 crore, with the shares changing hands at an average price of ₹291.36 each on the NSE.

City Union Bank

City Union Bank has announced that its Annual General Meeting (AGM) will be held on 14 August 2026. During the meeting, shareholders will vote on a proposal that would allow the lender to raise up to ₹5,500 crore through a QIP.

Indian Railway Finance Corporation (IRFC)

The Centre has initiated an Offer for Sale (OFS) for its stake in IRFC. Under the proposal, the government will sell 1% equity, with the option to offload an additional 1% through a greenshoe mechanism, according to DIPAM Secretary Arunish Chawla. The issue will be available to institutional and other non-retail investors on 24 June, while retail participants can submit bids on 25 June.

Satin Creditcare

The board has given the green light to raise as much as ₹5,000 crore by issuing NCDs through private placements. The proposed capital raising may take place in multiple rounds over the next 12 months and will require shareholders' approval at the forthcoming annual general meeting.

NLC India and Indian Oil Corporation

NLC India and Indian Oil Corporation have entered discussions to establish a joint venture focused on green energy initiatives.

Honasa Consumer

Honasa Consumer, which owns brands such as Mamaearth and The Derma Co, has cleared the purchase of a 58% shareholding in Fluence Pharma through a secondary transaction. The deal values the company at approximately ₹135 crore on an enterprise value basis and remains subject to standard completion requirements.

Also Read - Pre-Market 24 June 2026

Source

CNBC TV18