Stocks To Watch Today: Reliance Industries, Bharat Forge, Chennai Petroleum Corp., Lloyds Enterprises In Focus

Reliance Industries, Bharat Forge, Chennai Petroleum Corporation, Lloyds Enterprises and Wipro are among the stocks likely to attract investor attention on Monday after a series of corporate announcements and business updates released after market hours on June 19.

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Reliance Industries

Reliance Industries informed exchanges that Jio Platforms has initiated the process for its proposed initial public offering. During the company’s 49th Annual General Meeting, Chairman Mukesh Ambani announced that the board of Jio Platforms had approved the draft red herring prospectus. The company plans to submit the offer document to market regulators for necessary approvals. The proposed listing is expected to be one of the largest public offerings in India.

Bharat Forge

Bharat Forge secured a ₹425 crore contract from the Ministry of Defence for supplying gas turbine generators to the Indian Navy. The order strengthens the company’s presence in the defence manufacturing segment and adds to its existing order book.

Chennai Petroleum Corporation

Chennai Petroleum Corporation received Navratna status from the government. The upgraded classification gives the state-run refiner greater operational and financial autonomy for investments and strategic decisions.

Lloyds Enterprises

Lloyds Enterprises announced the acquisition of a 17.98% stake in Steel Infra Solutions for ₹1,073 crore. The investment is aimed at expanding the company’s footprint in steel-related businesses.

Wipro

Wipro completed the purchase of an additional 20% stake in Aggne Global IT Services. The acquisition increases Wipro’s ownership in the company following its earlier investment made in February 2024 through Wipro and Wipro IT Services LLC.

Amber Enterprises

Il Jin Electronics will acquire a 37.5% stake in Ascent, a subsidiary of Amber Enterprises, for ₹328 crore. The transaction is expected to strengthen the company’s electronics manufacturing ecosystem.

BCL Industries

BCL Industries reported a fire incident involving an ethanol tanker at its Bathinda distillery. The company stated that no casualties were reported and the fire was brought under control. An assessment of the financial impact is currently underway.

Kirloskar Oil Engines

Kirloskar Oil Engines received a major order from HyperNext for supplying infrastructure solutions for large-scale data centres, adding to its industrial business pipeline.

Goodluck India

Goodluck India has secured a ₹255 crore order for manufacturing long-range empty shells, thereby diversifying its defence-related business portfolio.

Other Stocks In Focus

Black Box received approval to raise up to ₹2,500 crore through the issue of securities. Meanwhile, Karur Vysya Bank increased its marginal cost of funds-based lending rate (MCLR) by 10 basis points across tenures. Krishna Institute of Medical Sciences also completed its qualified institutional placement, allotting 1.9 crore shares at ₹755 apiece.

These developments are likely to keep the respective stocks in focus during Monday’s trading session.