Morning Pulse: Bulls Tiptoe, Deals Roar, and FIIs Pour In

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FII and DII Trading Activity June 17, 2025 in Cash market:
FIIs: Net Buy of ₹1,616.19 crore
DIIs: Net Buy of ₹7,796.57 crore

Key Corporate Developments and Updates:

Mahindra & Mahindra (M&M)
M&M received CCI approval to acquire a 58.96% stake in SML Isuzu at ₹1,554.60/share, including a 43.96% stake from Sumitomo and 15% from Isuzu Motors, plus an open offer for 26% more. Strategic move to strengthen CV portfolio. [Positive]

Ugro Capital
Announced acquisition of SME lender Profectus Capital for ₹1,400 crore in a single tranche. Expands Ugro’s loan book and market presence. [Positive]

Polycab India
Secured a massive ₹6,447.54 crore project with BSNL for Bharat Net infrastructure rollout in Karnataka, Goa, and Puducherry. Enhances order book significantly. [Positive]

Railtel Corp
Received LoI for a ₹44 crore digital infrastructure project from Zenics to implement the Mizo Fibre Grid Network. Boosts presence in the Northeast. [Positive]

EMS
Emerges as L1 bidder for a ₹184 crore water infrastructure project from UP Jal Nigam. Strengthens project pipeline. [Positive]

Bharat Forge
Signed MoU with Turgis Gaillard to offer AAROK drones, targeting high-end defense surveillance solutions. Enhances defense capabilities. [Positive]

Hindustan Zinc
To invest ₹12,000 crore over 3 years to expand refined metal production by 250 KTPA. Also includes expansion of mining/milling infrastructure. Supports long-term growth. [Positive]

Larsen & Toubro (L&T)
At its 80th AGM, L&T announced progress in electrolyser production and access to U.S.-approved SMR nuclear tech. One of three Indian firms with this access. First-mover advantage in clean energy. [Positive]

Tata Power
Launched “Ghar Ghar Solar” campaign in Odisha. Rooftop solar systems starting at ₹2,499/kW. Expands green energy footprint affordably. [Positive]

Delhivery
CCI approved its acquisition of 99.4% in Ecom Express for ₹1,407 crore. Boosts logistics capacity and last-mile delivery strength. [Positive]

Vedanta
Board to meet to decide first interim dividend for FY26. No final outcome yet. [Neutral]

Manba Finance
To consider issuance of NCDs or other debt securities worth up to ₹200 crore via private placement. Standard funding decision. [Neutral]

GMR Airports
Handled over 1 crore passengers in May 2025. Domestic traffic flat; international up 2.9%, and aircraft movement rose 6.3%. Steady performance. [Neutral]

Ola Electric Mobility
Ola Consumer launched a no-commission model for drivers across cabs, autos, and bikes. Good for brand image and drivers, but no direct financial performance impact reported yet. [Neutral]

BSE: SEBI approved Thursday as revised expiry day for BSE derivative contracts (vs NSE’s Tuesday). Structural change but not tied to company performance. [Negative]

Stocks Trade Ex-Dividend
eMudhra Sarla Performance Fibers
Stock Trades Ex-Date for Rights
Capital Trust
Stocks in F&O Ban
ABFRL, BIRLASOFT, CDSL, CHAMBLFERT, HUDCO, IREDA, MANAPPURAM FINANCE, RBLBANK, TITAGARH,

Source: NDTV Profit, Moneycontrol, Financial Express, NSE India, Investing.com