Stocks to Watch on June 23, 2025: Infosys, HAL, Waaree Energies and More in Focus

Benchmark indices closed significantly higher on Friday. The BSE Sensex jumped 1,046.30 points to settle at 82,408.17, while the Nifty 50 surged 319.15 points to end at 25,112.40—both rising 1.29% each.

Let’s take a look at the stocks that could influence market movement on June 23, 2025:

Infosys, TCS, and Indian IT Stocks

Indian IT majors like Infosys and TCS will be in focus following Accenture’s quarterly results released on Friday. The global consultancy giant trimmed the upper end of its FY revenue growth guidance to 6–7% (from 5–7% earlier), with new bookings down 6%. Although generative AI bookings hit $1.5 billion, the stock closed 7% lower in US trade. Forex trends, however, could offer a marginal 0.2% tailwind for Indian players.

Hindustan Aeronautics (HAL)

HAL emerged as the winning bidder for ISRO’s SSLV (Small Satellite Launch Vehicle) technology at ₹511 crore. According to InSpace Chairman Pawan Goenka, HAL is expected to secure 6–8 SSLV launches annually, each valued at $6.5 million. By 2027, it will be the only company manufacturing SSLVs in India, reinforcing its leadership in defence and aerospace.

Waaree Renewable Technologies

Waaree Energies’ arm saw an upward revision of ₹246.92 crore in an existing solar EPC contract, bringing the total value to ₹1,480.40 crore. The project involves a massive 2,012.47 MWp ground-mounted solar installation, making it a key player in India's clean energy expansion.

Bank of India (BoI)

Bank of India (BoI) is set to consider raising long-term infrastructure bonds at its board meeting on June 26. In FY25, BoI previously raised ₹2,690 crore via 10-year bonds at a 7.50% coupon. It now aims to raise up to ₹5,000 crore through Basel-III compliant bonds during FY26.

Fino Payments Bank

Investor sentiment may be impacted as RBI imposed a penalty of ₹29.6 lakh on Fino Payments Bank for repeated violations of end-of-day balance limits in customer accounts. These breaches are seen as contraventions of the operating norms for payments banks.

Granules India

Granules India informed the exchanges that its API Unit-I in Bonthapally, Telangana, recently underwent a USFDA inspection, which concluded with a single Form 483 observation. While this isn’t alarming by itself, regulatory observations can impact operational momentum.

Small Finance Banks (SFBs)

The Reserve Bank of India has relaxed lending norms for SFBs by cutting mandatory priority sector lending targets by 15 percentage points. This move, affecting lending to agriculture and small businesses, is expected to improve operational flexibility and credit deployment.

Conclusion

As market momentum continues, investors should keep an eye on strategic sectoral plays and regulatory shifts. Defence and renewables show strong deal flows, while the IT sector reacts to global guidance. Banking and export-driven businesses may face mixed signals depending on regulatory and policy dynamics.

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/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 the related documents carefully before investing.