Stocks to Watch Tomorrow

Indian benchmark indices extended their gains for a third consecutive session on Tuesday, June 16, with the Nifty 50 and Sensex closing more than 0.5 per cent higher. Investor sentiment improved after easing geopolitical tensions and reports of a preliminary peace agreement between the United States and Iran, which also contributed to softer crude oil prices.

Against this backdrop, several stocks are expected to remain in focus following significant corporate developments.

1. Sona BLW Precision Forgings Ltd

Sona BLW Precision Forgings Ltd has approved a capital expenditure of Rs 62.6 crore to establish manufacturing capabilities for components and systems used in the advanced robotics industry. The investment was approved by the Board of Directors based on the recommendation of the Capex Committee. The move marks the company's entry into a new growth segment beyond its core automotive business.

According to the company, the investment will help it access new end markets and applications, diversify its product portfolio and create long-term growth opportunities. 

2. Wipro Ltd

Wipro Ltd has launched an Applied AI Center of Excellence (CoE) for Claude models powered by Anthropic at its innovation hub in Bengaluru. The centre has been established under the company's newly formed AI-Native Business & Platforms Unit and is designed to accelerate enterprise adoption of artificial intelligence solutions.

The CoE will enable Wipro to scale AI deployment across industries using Claude models and integrate these capabilities into the Wipro Intelligence platform stack. The company said the initiative will support the embedding of AI into core business workflows through delivery, functional and industry-specific platforms.

3. Great Eastern Shipping Company Ltd

The Great Eastern Shipping Company Ltd has announced the acquisition of a second-hand Long Range 2 tanker with a carrying capacity of approximately 110,000 deadweight tonnes (DWT). The vessel, built in 2015, is expected to join the company's fleet during the second quarter of FY27. The acquisition will be financed entirely through internal accruals and forms part of the company's fleet expansion strategy.

Following the purchase, the company's owned fleet comprises 39 vessels, including 24 tankers and 15 dry bulk carriers, with a combined capacity of 3.19 million DWT. Management stated that the current fleet utilisation remains close to 100 per cent.

In addition, GE Shipping has also contracted to acquire a second-hand Medium Range product tanker, with the transaction expected to be completed during the first quarter of FY27.

Disclaimer: The article is for informational purposes only and not investment advice.