Stocks to Watch Tomorrow

Stocks to Watch Tomorrow

Indian markets ended marginally higher as easing crude oil prices lifted sentiment, while Sterlite Technologies launched its QIP, Onward Technologies secured a Rs 33 crore engineering services contract, and TVS Motor crossed the 1 million production milestone for its iQube electric scooter

Key Takeaways

Indian equity markets ended marginally higher on Thursday, June 25, supported by a sharp decline in crude oil prices and improving global sentiment after progress in peace negotiations between the U.S. and Iran. The benchmark indices tracked gains across most Asian markets as Brent crude retreated to levels seen before the Middle East conflict. 

The Nifty 50 opened nearly 100 points higher and touched an Intraday high of 24,261.60 before profit booking erased most of the gains. At the close, the Nifty 50 settled at 24,056, up 34.35 points or 0.14 per cent, while the Sensex gained 109.25 points, or 0.14 per cent, to end at 77,100.47. The Bank Nifty touched a three-month high, whereas India VIX declined nearly 2.5 per cent, reflecting easing market volatility.

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1. Sterlite Technologies

Sterlite Technologies has opened its Qualified Institutions Placement (QIP) after receiving approval from its Authorisation and Allotment Committee. The company has fixed the floor price at Rs 613.69 per equity share and approved the preliminary placement document to invite bids from eligible Qualified Institutional Buyers (QIBs) in accordance with SEBI regulations.

2. Onward Technologies

Onward Technologies advanced secured a Rs 33 crore engineering services contract from a leading global power management company. The three-year contract involves setting up a Dedicated Offshore Development Centre (ODC) to provide engineering R&D services. Trading volume surged to nearly 18 times the 20-day average.
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3. TVS Motor Company

TVS Motor Company announced the rollout of the one millionth TVS iQube electric scooter from its Hosur manufacturing facility. The milestone highlights the company's growing presence in India's electric vehicle market and the strengthening adoption of sustainable mobility solutions.

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