Stocks to Watch Today: HCL Tech, General Insurance Corp, Dhanlaxmi Bank, Craftsman Automation, Devyani International and Others (June 16, 2026)

Benchmark indices are likely to react to a series of corporate announcements, fundraising plans, strategic partnerships and regulatory developments as market participants assess stock-specific opportunities. 

Investors will continue tracking stake acquisitions, government disinvestment initiatives, management changes, and business expansion plans that could influence near-term market sentiment. 

HCL Technologies Ltd 

HCL Technologies (HCL) has acquired a 10.46% stake in Axonwise Private Limited (Sarvam AI) for ₹1,427.25 crore. The investment highlights the company’s focus on strengthening its presence in artificial intelligence and emerging technology solutions. 

State Bank of India 

The Board of Directors of SBI is scheduled to meet on June 18 to consider fundraising proposals for FY27 through either a public issue or a private placement.  

Mahindra & Mahindra Financial Services Ltd 

The board of Mahindra & Mahindra Financial Services has approved the issuance of non-convertible debentures (NCDs) worth up to ₹1,000 crore through private placement, aimed at supporting future funding requirements. 

General Insurance Corporation of India 

The Government of India will divest up to a 5% equity stake in General Insurance Corporation of India through an Offer for Sale (OFS) on June 16–17. The base issue size is 2%, with an option to sell an additional 3%. The floor price has been fixed at ₹352 per share. 

Craftsman Automation Ltd 

Craftsman Automation has launched its ₹2,000-crore Qualified Institutional Placement (QIP). The floor price for the issue has been set at ₹8,966.13 per equity share. 

Adani Enterprises Ltd 

Adani Group and Jabil Inc. have announced plans to establish a strategic alliance to create an artificial intelligence and data-centre infrastructure manufacturing platform in India, strengthening the country's digital infrastructure ecosystem. 

Yes Bank Ltd 

Yes Bank has entered a partnership with Northern Arc Capital to expand access to credit, enhance digital lending capabilities and provide debt investment opportunities across underserved customer segments. 

Read More: US Trade Representative to Visit India for Bilateral Trade Talks on June 23-24, 2026! 

Dhanlaxmi Bank Ltd 

The board of Dhanlaxmi Bank has approved the appointment of Krishnakumar K as Chief Financial Officer for a three-year term. He succeeds in Kavitha T.A. in the role. 

Indian Railway Catering and Tourism Corporation Ltd (IRCTC) 

Sudhir Kumar has relinquished the additional charge of Director (Finance) following the appointment of a new incumbent. Consequently, he has also ceased to serve as the IRCTC’s Chief Financial Officer with effect from June 15. 

Devyani International Ltd 

Devyani International has received observation letters with ‘no objection’ from both NSE and BSE regarding the proposed Scheme of Arrangement with Sapphire Foods. The proposal remains subject to regulatory and statutory approvals. 

Sapphire Foods India Ltd 

Sapphire Foods remains in focus following progress in the proposed arrangement with Devyani International, after both stock exchanges issued their no-objection observations. 

GMR Airports Ltd 

GMR Airports May business update, passenger traffic increased by 6.1% year-on-year. Domestic passenger traffic rose 7.9%, international passenger traffic grew 0.4%, while aircraft movements increased 2.3%. 

Vedanta Iron and Steel Ltd 

PI Opportunities AIF V LLP, backed by Premji Invest, acquired 4.83 crore equity shares of Vedanta Iron and Steel for ₹101.67 crore at ₹21.02 per share through a bulk deal transaction. 

Bai-Kakaji Polymers Ltd 

Motilal Oswal Financial Services purchased 6 lakh shares, representing a 2.8% stake, for ₹11.76 crore in Bai-Kakaji Polymers. Simultaneously, existing shareholders reduced their holdings through market transactions. 

Niva Bupa Health Insurance Company Ltd 

HSBC Global Investment Funds and affiliated entities acquired 40 lakh shares, equivalent to a 0.2% stake, for ₹33.2 crore at ₹83 per share from the Niva Bupa Health Insurance company’s Managing Director and Chief Executive Officer. 

Conclusion 

Fundraising plans, government stake sales, strategic technology investments, management appointments and corporate restructuring developments are expected to drive stock-specific action during today’s trading session. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks. Read all related documents carefully before investing.