Stocks To Watch On 16 June: Devyani International, HCL Technologies, Adani Enterprises and More

Indian equity markets ended sharply higher on Monday, driven by easing geopolitical tensions after reports of a US–Iran peace framework and the reopening of oil shipments through the Strait of Hormuz. The BSE Sensex surged 736 points (0.97%) to close at 76,264, while the NSE Nifty 50 gained 231 points (0.98%) to settle at 23,854.

Stocks In Focus

Devyani International

Devyani International and Sapphire Foods India have received observation letters from both NSE and BSE, enabling them to proceed with the proposed merger process.

HCL Technologies

The IT services company announced an investment of ₹1,427.25 crore (approximately $150 million) in Axonwise Private Limited, the operator of Sarvam AI. Through the all-cash transaction, HCLTech will acquire a minority stake of 10.46% in the company.

Adani Enterprises

Adani Group and US-based Jabil Inc. have proposed a strategic partnership aimed at building an integrated manufacturing platform for AI and data centre infrastructure in India.

General Insurance Corporation of India (GIC Re)

The Government of India has launched an Offer for Sale (OFS) in GIC Re. Through the transaction, it plans to divest up to a 5% stake in the state-owned reinsurer.

Patel Engineering

The company announced that its joint venture has secured a Letter of Award from the Maharashtra Krishna Valley Development Corporation for the Tasgaon Lift Irrigation Scheme. The project carries a contract value of ₹126.37 crore, excluding taxes.

Yes Bank

Yes Bank has entered into a strategic partnership with Northern Arc Capital to enhance credit accessibility, expand digital lending initiatives, and provide debt investment opportunities to customers.

Mahindra & Mahindra Financial Services

The board has approved the issuance of secured, rated, listed and redeemable non-convertible debentures (NCDs). The fundraising exercise will be carried out through a private placement route for an amount of up to ₹1,000 crore.

Craftsman Automation

The company's Fund-Raising Committee has cleared the launch of a Qualified Institutions Placement (QIP) of equity shares, with a proposed fundraising target of up to ₹2,000 crore.

Bandhan Bank

The private sector lender has approved the sale of selected non-performing assets (NPAs) from its housing finance portfolio to asset reconstruction companies (ARCs).

Also Read - Pre-Market 16 June 2026

Sources

CNBC TV18

Reuters