Global Bulls Roar, India Inc Roars Louder: EVs, ESG, and Equity Moves Fuel a Market on Fire

Today's Market at 08:15 am

US Market (Futures)

Nasdaq = +145.20

Dow Jones = +177.20

S&P 500 = +28.40

European (Futures)

Ftse 100 = +24.20

Cac 40 = +47.60

Dax = +270.00

Asian

Nikkei 225 = +350.91

ASX 200 = +75.30

Straits Times = +17.53

Hang Seng = +428.87

KOSPI = +73.94

Taiwan weighted = -361.34

Shanghai (SSE) = +29.22

Gift Nifty = 25271.50 (+221.50)

FII and DII Trading Activity June 23, 2025 in Cash market:

FIIs: Net Sell of ₹1,977.06 crore

DIIs: Net Buy of ₹3,228.50 crore

NSE to Exclude 8 Stocks from F&O segment:

Aditya Birla Fashion and Retail, Adani Total Gas, CESC, Granules India, IRB Infrastructure Developers, Jindal Stainless, Poonawalla Fincorp, and SJVN will be excluded from the Futures & Options segment.

Key Corporate Developments and Updates:

Metro Brands:

Clarks has announced a strategic partnership with Metro Brands, appointing it as the exclusive retail and digital partner for India and neighbouring countries. This deal enhances Metro’s brand portfolio and geographic footprint. [Positive]

Tata Motors:

Tata Motors has launched introductory pricing for the Harrier.ev SUV, marking a key development in its EV strategy. The RWD variant starts at ₹21.49 lakh. Bookings open on July 2, and QWD pricing follows on June 27. This reinforces Tata’s leadership in EVs. [Positive]

Cochin Shipyard:

Hooghly CSL, a unit of Cochin Shipyard, received an order worth ₹100–₹250 crore from Heritage River Journeys for two luxury river vessels. This boosts revenue and strengthens its inland waterway portfolio. [Positive]

Kolte-Patil Developers:

The company approved a preferential allotment of shares worth ₹417 crore to BREP Asia III at ₹329/share. This indicates strong investor interest and will support expansion and liquidity. [Positive]

Enviro Infra Engineers:

Won ₹306.3 crore worth of domestic projects and entered the renewable energy space with acquisition of two solar power projects totaling 69 MW. Strategic expansion and long-term tariff-based revenue generation are positives. [Positive]

HG Infra Engineering:

Declared the lowest bidder for a ₹117.77 crore project at the Naval Dockyard in Mumbai. Strengthens presence in the government/military infra segment. [Positive]

Garware Technical Fibres:

Through its UK subsidiary, acquired Norway-based OTS, expanding reach in offshore oil & gas and aquaculture sectors. Enhances global footprint and diversifies product base. [Positive]

L&T:

First Indian firm to list ESG bonds on NSE, raising ₹500 crore at 6.35% for 3 years. Aligns with sustainability and enhances funding visibility under SEBI’s new framework. [Positive]

Devyani International:

Plans to raise stake in Sky Gate Hospitality from 80.72% to 86.13% via ₹106.25 crore investment. Reflects confidence in subsidiary performance and aids consolidation. [Positive]

ITI:

Completed a ₹200 crore land deal with C-DOT, resolving a longstanding dispute through AMRCD. The final ₹25 crore payment has been received, improving liquidity and asset efficiency. [Positive]

Adani Energy:

Adani Electricity Mumbai concluded an open market repurchase of senior secured notes of $49.5 million, earlier than the maturity date. [Positive]

Sona BLW Precision Forgings:

Appointed Jeffrey Mark Overly as Chairperson. Leadership changes are routine unless tied to strategic changes or controversies. [Neutral]

Satin Creditcare:

Board to consider fundraise of up to ₹5,000 crore via NCDs. While it enhances capital availability, outcome depends on future execution and interest rate environment. [Neutral]

Avantel:

Reappointed Abburi Vidyasagar as MD for another 3 years. A continuity move, with no direct business implication in the short term. [Neutral]

KPIT Technologies:

In its mid-quarter update, KPIT cited uncertainty due to rising geopolitical tensions and tariff ambiguity, though it maintained a strong pipeline. The outlook flags macro risks affecting near-term growth. [Negative]

Bulk Deals:

Dixon Technologies (India)

Promoter Sunil Vachani has sold 16.7 lakh shares (representing 2.77 percent of paid up equity) in Dixon Technologies at an average price of Rs 13,301.47 per share, amounting to Rs 2,221.3 crore.

However, Motilal Oswal Mutual Fund has acquired 2.4 percent shares worth Rs 1,923.8 crore in Dixon at an average price of Rs 13,307.96 per share.

Hilton Metal Forging

Promoter Yuvraj Hiralal Malhotra has sold 14.01 lakh shares in Hilton Metal Forging at an average price of Rs 73.4 per share, and 5.07 lakh shares at an average price of Rs 74.99 per share, which is totalled to 19.08 lakh shares (or 8.15 percent stake) valued at Rs 14.1 crore.

Munjal Showa

Foreign portfolio investor Esvee Capital sold 3 lakh shares (or 0.75% stake) in the company at an average price of Rs 118.4 per share. As of March 2025, Esvee held 2.13 percent stake in the company.

Block Deals:

Kerala Ayurveda -

Promoter Katra Holdings has offloaded 22 lakh shares (18.28% stake) in Kerala Ayurveda at an average price of Rs 423 per share, amounting to Rs 93.06 crore. However, Trishakti Power Holdings, Nimish Chandulal Shah, Aamara Capital, Bharat Jayakrishna Taparia, Setu Securities, Santosh Industries, Riddisiddhi Bullions, Bhatia Suresh, and Virendra Prakash Ranka are the buyers for those 22 lakh shares.

SME Listing on June 24