Stocks to Watch on June 26: As Indian equity markets continue their bullish momentum, investors are setting their sights on key corporate updates and sector-specific developments that could shape the market narrative for June 26, 2025. On June 25, the benchmark indices closed sharply higher — with the Sensex gaining 700.40 points to 82,755.51 and the Nifty surging 200.40 points to close at 25,244.75. With this backdrop, here are eight stocks likely to be in focus in today’s trading session:
1. Tata Steel: Tax Troubles Surface
Tata Steel finds itself under regulatory scrutiny after receiving a show cause notice from the Central GST and Excise department in Jamshedpur. The notice alleges irregular input tax credit (ITC) claims amounting to ₹890.52 crore over FY19 to FY21. Although the company is yet to issue a formal response, this development could weigh on investor sentiment and may trigger volatility in the stock.
2. Can Fin Homes: Fundraising Plans Get a Green Light
Can Fin Homes is gearing up for a massive fundraising drive. The board has cleared proposals to raise up to ₹11,000 crore, including ₹10,000 crore through bonds and other debt instruments, either domestically or overseas. An additional ₹1,000 crore could be raised via equity routes like qualified institutional placements (QIP), rights issue, or preferential allotment. Shareholder approval will be sought in the upcoming annual general meeting (AGM), making this stock one to watch for capital market activity.
3. JSW Energy: Sealing a Big Power Deal
JSW Energy’s subsidiary Energizent Power has signed a long-term power purchase agreement with government-run NHPC. The deal covers 300 MW of solar-wind hybrid power sourced from upcoming projects in Rajasthan and Andhra Pradesh. With a tariff set at ₹3.49/unit and a project timeline of two years, this is a positive for the company’s renewable energy portfolio and long-term revenue visibility.
4. Texmaco Rail: Secures Global Export Order
Texmaco Rail and Engineering has bagged a significant export contract from Cameroon-based CAMALCO SA worth $62.24 million (approx. ₹535 crore). The order involves the supply of 560 open-top wagons and includes a 20-year maintenance agreement. Deliveries will be completed in two phases over two years, strengthening the company’s international footprint and revenue pipeline.
5. Adani Total Gas: Partners with Jio BP for Fuel Distribution
Adani Total Gas and Jio BP have announced a strategic alliance that will allow cross-distribution of fuel services. Adani’s outlets will start selling Jio BP’s petrol and diesel, while Jio BP stations will offer Adani’s CNG services. This move is seen as a significant step towards improving operational synergies and expanding each firm’s market reach.
6. CEAT: Dual Fundraising Plans in India and Sri Lanka
Tyre manufacturer CEAT is all set to invest ₹400 crore in its Sri Lankan arm, CEAT OHT Lanka, through a mix of equity and preference shares. The investment will be made in tranches. Simultaneously, the company plans to raise ₹500 crore in India via unsecured non-convertible debentures (NCDs). This reflects CEAT’s intent to bolster both domestic and international operations.
7. Mahindra & Mahindra: Streamlining Defence Subsidiaries
M&M is undergoing a strategic realignment of its defence businesses. Stakes in Mahindra Emirates Vehicle Armouring and Mahindra Telephonics will be transferred from Mahindra Defence Systems to Mahindra Advanced Technologies. Additionally, M&M will move its equity in MDSL to the same unit. This consolidation is expected to enhance operational efficiency and transparency across the group’s defence vertical.
8. ASK Automotive: Ties Up with German Player
Auto component maker ASK Automotive is entering a new joint venture with Germany’s TD Holding GmbH. The JV will focus on manufacturing sunroof control cables and helix cables for passenger cars. ASK will hold a 49% stake with an initial investment of ₹49 lakh and a total commitment of ₹2.45 crore. The collaboration marks ASK’s entry into a high-growth automotive segment with strong export potential.
From tax investigations to international orders and strategic alliances, these eight companies are poised to make headlines and potentially sway market dynamics. With foreign inflows picking up and domestic institutions showing confidence, today’s session could see heightened activity in these counters.
