IT shares, VA Tech, VBL, RIL, among buzzing stocks as NIFTY50, SENSEX tank 1% in noon deals

The Indian benchmark indices, SENSEX and NIFTY50, were trading in the deep red during the afternoon session on Friday, June 19, amid weak global sentiments and a sell-off in IT stocks as Accenture trimmed its revenue guidance for FY27. Furthermore, FII outflow also weighed on investor sentiment.

The SENSEX crashed by as much as 1.2% to touch an intraday low of 76,499.22. Meanwhile, the NIFTY50 reached the session’s low of 23,913.15.

At 1:31 PM, the S&P BSE SENSEX slumped by 858.80 points, or 1.11%, to trade at 76,551.17, while NSE’s NIFTY50 stood at 23,931.20, reflecting a 236.80 points, or 0.98% fall.

On Thursday, the foreign institutional investors (FIIs) sold stocks worth ₹1,025.20 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹3,516.81 crore on a net basis, according to exchange data.

At the time of writing, on the NIFTY50, 39 stocks have declined, while just 13 have advanced.

Buzzing stocks on June 19: Check list

The benchmark IT sector index, Nifty IT, crashed more than 6% on Friday, June 19, as stocks like Infosys, TCS, HCL Tech, among others, slumped post Accenture’s lower revenue guidance for the financial year ending 2026-27.

In its outlook, Accenture revised its revenue target to the range of 3% to 4%, compared to the company’s earlier estimates of 3% to 5% range.

This acted as the primary catalyst for the weak market sentiment among tech stocks, as Accenture attributed its subdued projection largely to the impact of the West Asia crisis on the company’s consulting business.

After Accenture's announcement in US hours, the American Depository Receipt (ADR) shares of companies like Infosys and Wipro tanked on Nasdaq on Thursday evening as the market was pricing in the subdued sentiment.

Shares of Reliance Industries (RIL) were trading in the red ahead of its annual general meeting (AGM) scheduled at 2:00 pm on Friday, June 19.

Billionaire Mukesh Ambani, chairman and managing director of Reliance Industries, will address shareholders at 2:00 pm to mark the company's 49th AGM.

Investors will keenly watch out for Ambani's speech as he will unveil plans for the oil-to-telecom conglomerate and will also keep a close eye on the timeline of the much-awaited share sale via initial public offering (IPO) of its telecom arm Jio Platforms.

Yatra Online stock jumped 6% to an intraday high of ₹117.80 per equity share on the National Stock Exchange (NSE) on Friday, June 19, amid reports of the firm acquiring a stake in online travel platform Ixigo.

Meanwhile, the stock exchanges have sought clarification from Yatra Online. “The Exchange has sought clarification from Yatra Online Limited with respect to a recent news item captioned CNBC Awaaz Exclusive: Ixigo's Look at Travel Online! Promoters set to buy up to 20% stake in deals, deal in the final stages. The response from the Company is awaited,” a note on the exchange stated.

Shares of Varun Beverages Ltd (VBL) were trading flat with a positive bias on Friday, June 19, after the company announced its business alliance with Japan’s Asahi Group Holdings to introduce the CALPIS products in the Indian market.

Beginning in the second half of 2026 or thereafter, a ready-to-drink, non-alcoholic, non-carbonated, dairy-based product will be launched under the name CALPIS, with two flavor offerings, Original and Mango. Furthermore, “CALPIS” is a registered trademark of Asahi Soft Drinks Co., Ltd.

Under the alliance, Asahi Group Holdings will be responsible for product development and providing technical support for the production of CALPIS-branded beverages. At the same time, its local subsidiary will oversee marketing and brand management.

Furthermore, Varun Beverages will handle manufacturing, distribution, and sales, the company stated.

Tata Power on Friday announced that it has received a letter of intent (LoI) to acquire special purpose vehicle (SPV) Ryapte Power Transmission.

In an exchange filing, Tata Power said that it has received an LoI from REC Power Development and Consultancy Limited, a wholly-owned unit of REC, for the acquisition of Ryapte Power Transmission, a project SPV. The contract stipulates annual transmission charges of ₹521.07 crore.

The SPV will be developed on a build-own-operate transfer basis to offer transmission services for 35 years from the scheduled commercial operation date, which will be 30 months after the SPV transfer.

The stock of Craftsman Automation surged as much as 4.6% to hit a 52-week high of ₹9,938 per unit on the NSE on June 19, after it raised about ₹2,000 crore via qualified institutional placements (QIPs).

The company’s Fundraising Committee (FRC), at its meeting held on June 18, considered and approved the allotment of 22,98,850 Equity Shares to eligible Qualified Institutional Buyers (QIBs) at the issue price of ₹8,700 per equity share.

This means the shares were allotted at a premium of ₹8,695 per share, including a discount of ₹266.13 each (equivalent to 2.97% of the floor price) on the floor price, according to a regulatory filing.

Following the allotment of equity shares under the issue, Craftsman Automation’s paid-up equity share capital increased to ₹13.08 crore, comprising 2.62 crore equity shares of face value of ₹5 each.

Lemon Tree Hotels' shares gained on June 19 after the company signed two new properties in Maharashtra, according to an exchange filing.

As per the NSE filing, Lemon Tree Hotels signed Lemon Tree Resort in Tadgaon and Lemon Tree Resort in Igatpuri, a move which increased the company’s hotel portfolio to 32 properties in Maharashtra with 15 operational and 17 in the pipeline.

“Both the properties will be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of Lemon Tree Hotels Limited,” the company informed the stock exchanges.

The stock of VA Tech Wabarg climbed as much as 5.32% to hit a 52-week high of ₹1,918.70 per equity share on the NSE, as the company announced it has secured the Design, Build, Operate (‘DBO’) contract for the Doha SWRO Desalination Plant with Recarbonation System - Stage II in Kuwait, from the Ministry of Electricity, Water & Renewable Energy (‘MEWRE’), Kuwait.

"This prestigious order marks WABAG’s maiden entry into Kuwait and further consolidates its leadership and expanding footprint across the GCC region. This project will be executed through an unincorporated Joint Venture (‘JV’) led by WABAG, in association with Heavy Engineering Industries & Shipbuilding Company K.S.C. (‘HEISCO’), as the JV partner," the company said in its press release.

The project entails the design, engineering, procurement, construction, and commissioning of a 60 MIGD (approximately 272 MLD) Seawater Reverse Osmosis (‘SWRO’) Desalination Plant featuring a state-of-the-art Recarbonation System, scheduled to be completed over a period of 36 months.