3 Stocks to Watch on Monday
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From Jio's much-awaited IPO filing to fresh expansion plans and a Rs 200 crore rights issue, these stocks could attract investor attention when markets reopen.
✨ Key Takeaways
Indian equity benchmarks ended lower on Friday, June 19, with the Nifty 50 and Sensex declining nearly 0.70 per cent, snapping a five-session winning streak. Weak sentiment in information technology stocks following a cautious outlook from Accenture, coupled with losses in HDFC Bank and Reliance Industries, weighed on the broader market.
Against this backdrop, investors are likely to track several stocks that announced important corporate developments after market hours.
1. Holmarc Opto-Mechatronics Ltd
Holmarc Opto-Mechatronics Ltd informed exchanges that its board has approved the purchase of an industrial unit spread across 101 cents at Edayar Industrial Estate in Kadungalloor Village from Kochi Castings and Manufacturing Private Limited.
The acquisition is intended to support the company's operational requirements and long-term expansion strategy. According to the company, the additional facility will help enhance production capacity and provide infrastructure for future growth initiatives.
Holmarc currently operates with a production capacity of 7,000 units and utilisation levels of around 90 per cent. The company plans to add an additional capacity of 100 metric tonnes over the next year through an investment of approximately Rs 6 crore. The expansion will be funded through internal resources and an SBI CGTMSE loan.
The board has approved a rights issue aggregating up to Rs 199.75 crore through the issuance of fully paid-up equity shares. A significant portion of the proceeds, amounting to Rs 49 crore, will be used for the acquisition and operationalisation of an additional 140,000 tonnes per annum Polyester Chips plant acquired from Nakoda Ltd in Surat, Gujarat.
The project involves a total capital expenditure of Rs 90 crore, with the remaining Rs 41 crore expected to be funded through internal accruals.
The company expects the facility to be recommissioned during the first quarter of FY28. Once operational, the plant is expected to strengthen backward integration and support Sumeet Industries' downstream polyester manufacturing operations.
Reliance Industries Ltd will remain in focus after Jio Platforms Ltd filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India, BSE and the National Stock Exchange of India on June 19, 2026.
The filing marks a major step towards the proposed initial public offering of Jio Platforms, one of India's largest digital and telecom businesses.
The proposed IPO remains subject to regulatory approvals and other statutory clearances.
Disclaimer: The article is for informational purposes only and not investment advice.