Stocks To Watch Today: Zee Entertainment, SBI, Honasa Consumer, IIFL Finance, PFC, REC In Focus

Several stocks are likely to remain in focus on Thursday following fundraising plans, interest rate revisions, corporate restructuring announcements and management changes disclosed after market hours.

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Zee Entertainment Approves Fundraising Plan

Zee Entertainment Enterprises approved a proposal to raise at least ₹2,300 crore through one or more tranches to support strategic and business initiatives. The company also announced that it has secured advertising commitments from more than a dozen brands across sectors such as automobiles, FMCG, financial services, beverages and technology for its FIFA World Cup 2026 coverage.

SBI Revises FCNR Deposit Rates

State Bank of India increased interest rates on Foreign Currency Non-Resident Bank [FCNR(B)] deposits across select tenures.

The bank raised rates for deposits with maturities ranging from three to five years to 5.25%-6.00%. The five-year tenor witnessed an increase of up to 295 basis points, while rates for four- to five-year deposits were raised by up to 280 basis points. Deposits with maturities between three and four years saw an increase of nearly 215 basis points.

Honasa Consumer Sets Margin Target

Mamaearth parent Honasa Consumer reported 30% growth in its focus categories during FY26 and outlined plans to improve profitability. The company is targeting an EBITDA margin of 15% through operational efficiencies and cost optimisation initiatives aimed at unlocking 500 basis points of margin expansion.

PFC-REC Merger Gets Government Approval

Power Finance Corporation and REC may remain under watch after the government approved the merger of REC into PFC. The transaction is expected to consolidate the operations of two major public sector lenders focused on the power and infrastructure sectors.

IIFL Finance Raises Overseas Debt

IIFL Finance’s board approved the allotment of $500 million fixed-rate senior secured notes due in 2029. The proceeds are expected to support the company’s funding requirements and business operations.

Banking Stocks In Focus

UCO Bank increased its three-month and six-month Treasury Bill Linked Lending Rates (TBLR) by 10 basis points each to 5.40% and 5.60%, respectively.

Bank of Baroda raised its one-month, three-month and six-month Marginal Cost of Funds Based Lending Rate (MCLR) by 5 basis points.

Canara Bank also announced a 5-basis-point increase in its one-month and three-month MCLR, effective June 12.

Other Key Corporate Updates

Power Grid appointed Venkata S V as Chief Financial Officer and approved a ₹485 crore SCADA system upgrade. The company also secured a Japanese yen-denominated loan facility worth 80 billion yen.

Samvardhana Motherson International issued a corporate guarantee of ₹1,600 crore on behalf of its subsidiary MECPL.

Aditya Infotech incorporated a joint venture, Corelink Cable Tech, to manufacture electric cables. VMart Retail announced the resignation of Vineet Jain from the position of Chief Operating Officer.