Stocks to watch, Maruti Suzuki, IIFL Finance, Kaynes Technology, Aditya Birla Capital, Bank of Baroda, Texmaco, Liquor firms, Max Financial Services, Reliance Infrastructure, Marksans Pharma, Aditya Birla Capital, Wipro and more, these are the stocks to watch for tomorrow.
Maruti Suzuki | The company recently reduced its near-term production target for its first electric vehicle, the e-Vitara, by two-thirds due to a shortage of rare earth materials. A company document reviewed by Reuters shows that the automaker now plans to produce 8,221 units between April and September, compared to the original target of 26,512. The production cut comes amid global disruptions caused by China’s export curbs on rare earths, which are essential for manufacturing magnets and other components used in electric vehicles.
IIFL Finance | Mumbai-based non-banking financial company is set to raise up to ₹600 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis, the company said in a regulatory filing. The fundraising is aimed at augmenting long-term resources and supporting the company’s growing lending book. IIFL Finance has been steadily increasing its focus on retail lending, particularly in gold loans, home finance, and business loans.
Kaynes Technology | Semiconductor manufacturing company said its wholly-owned subsidiary, Kaynes Semicon Private Ltd, has entered into an asset purchase agreement with Fujitsu General Electronics Limited, Japan. The agreement, signed on June 9, 2025, involves the acquisition of identified assets, including production lines for power modules, for a consideration of 1.59 billion yen.
Bank of Baroda | State-owned bank announced a revision in its marginal cost of funds-based lending rate (MCLR) effective June 12, 2025. The bank has revised its rates for various tenures, which may impact the interest rates on loans linked to MCLR. The overnight MCLR rate remains unchanged at 8.15%. However, the one-month MCLR rate has been revised to 8.30% from 8.35%, the three-month MCLR rate has been revised to 8.50% from 8.55%, the six-month MCLR rate has been revised to 8.75% from 8.80%, and the one-year MCLR rate has been revised to 8.90% from 8.95%.
Texmaco | Engineering major said it has received an order worth ₹44.04 crore from Mumbai Railway Vikas Corporation Limited. The order involves the supply, construction, installation, testing, and commissioning of traction transformers, sectioning posts (SPs), and associated works for the third and fourth lines of the Central Railway. The scope of the project includes the installation of a 1X25 kV 110/25 kV traction substation (TSS) with 40/56 MVA AC traction transformers, two sectioning posts, and related infrastructure. The project is expected to be completed within 18 months.
Liquor firms | In a major fiscal move, the Maharashtra government under Chief Minister Devendra Fadnavis has unveiled a revamped liquor policy aimed at generating an additional ₹14,000 crore in annual revenue. The cabinet approved significant hikes in excise duties and introduced new regulatory measures, signalling a strategic push to strengthen state finances and streamline the liquor market.
Max Financial Services | The company announced the appointment of Sumit Madan as the new managing director and chief executive officer of Axis Max Life Insurance Ltd, effective October 1, 2025. Madan will succeed Prashant Tripathy, who is retiring from the position on September 30, 2025. Madan, currently the chief distribution officer at Axis Max Life, brings over 25 years of experience in the banking and financial services industry.
Reliance Infrastructure | Reliance Defence and Germany’s Diehl Defence said on Tuesday they are expanding their strategic partnership to supply precision-guided munitions to the Indian Armed Forces. The two companies will focus on the urgent delivery of the Vulcano 155mm precision-guided ammunition system, a next-generation long-range artillery shell designed for enhanced accuracy and effectiveness.
Wipro | IT services company, announced the extension of its partnership with Metro AG (Metro), an international food wholesaler, for an additional two years. Under the renewed agreement, Wipro will continue to provide Metro with integrated digital services across cloud, data, application development, and AI-enabled IT support services.
Marksans Pharma | Global healthcare investment firm, OrbiMed Asia IV Mauritius FVCI Ltd, launched a block deal to sell 2.27% of its stake in a pharmaceutical major, amounting to ₹256.8 crore. The indicative floor price has been set at ₹249.95 per share. The block deal represents approximately 2.27% of Marksans Pharma’s total equity.
Aditya Birla Capital | Jomei Investments, a special purpose vehicle owned by Advent International Corporation, on Tuesday (June 10), has launched a block deal to offload a 1.4% stake in financial services firm, amounting to ₹856 crore, sources privy to the developments told CNBC-TV18. The floor price for the deal has been set at ₹237.80 per share, sources in the know told CNBC-TV18.
