Stocks to Watch on June 24: NTPC, Lord's Mark Industries, Cranex in Focus
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Three companies announced significant business developments—from capacity additions and manufacturing expansion to fresh order wins—making them stocks to watch in the next trading session.
✨ Key Takeaways
Indian equity benchmarks ended sharply lower on Tuesday, June 23, as heavy selling in information technology and metal stocks outweighed optimism stemming from easing geopolitical tensions in the Middle East.
After a strong seven-session rally, investors turned cautious amid weak global cues, rising volatility and concerns surrounding the global technology sector.
The Nifty 50 settled at 23,824.10, down 278.80 points or 1.16 per cent, while the Sensex declined 893.39 points, or 1.16 per cent, to close at 76,200.68.
Against this backdrop, shares of NTPC Ltd, Lord's Mark Industries Ltd and Cranex Ltd are likely to remain in focus on Wednesday following key corporate announcements.
1. NTPC Ltd
NTPC Ltd informed exchanges that Unit-2 of the Patratu Super Thermal Power Project (STPP) Phase-I has commenced commercial operations with effect from June 25, 2026.
The 800 MW unit is part of the 3x800 MW Patratu STPP being developed by Patratu Vidyut Utpadan Nigam Ltd (PVUNL), a subsidiary of NTPC Ltd.
Following the commissioning of the unit, the total installed capacity of the NTPC Group has increased to 90,857 MW, while its commercial capacity now stands at 89,777 MW. The development further strengthens the company's position as India's largest power generation utility.
Lords Mark Industries Ltd announced the commencement of operations at its new In Vitro Diagnostics (IVD) manufacturing facility in Vasai (East), Maharashtra.
The facility, spread across approximately 14,000 square feet, became operational nearly two months ahead of its scheduled launch date. With the addition of the new unit, the company's total operational manufacturing footprint has expanded from 20,000 square feet to 34,000 square feet.
The new facility will manufacture a portfolio of 56 ELISA test kits along with a range of rapid diagnostic test kits. The expansion is expected to strengthen the company's production capabilities and support its growth plans in the diagnostics segment.
3. Cranex Ltd
Cranex Ltd announced that it has secured fresh orders worth approximately Rs 18.52 crore for the manufacturing and supply of various EOT cranes and related products.
The newly secured contracts include orders from Bharat Heavy Electricals Ltd (BHEL) and Indian Railways for workshop infrastructure projects.
According to the company, the order wins reinforce its position in the material handling equipment segment and strengthen its presence in critical industrial and infrastructure projects. The contracts are also expected to provide additional revenue visibility in the coming quarters.
Disclaimer: The article is for informational purposes only and not investment advice.
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