NIFTY50 above 23,375, SENSEX up 518 pts in noon deals; RIL, Clean Max Enviro, CMR Green Tech among buzzing stocks

The Indian equity benchmark indices were trading higher in the afternoon session on Wednesday, June 10, despite weak cues from Asian peers as heavyweight stocks lifted the sentiment.

At 12:55 PM, the S&P BSE SENSEX was up 518 points, or 0.7%, at the 74,436.76 level, while the NSE's NIFTY50 was trading at the 23,370.30 level, rising 128.2 points, or 0.55%.

Buzzing stocks on June 10: Check list

Reliance Industries (RIL) shares rallied as much as 2.46% to ₹1,300.50 apiece on the NSE, as Facebook-parent Meta announced that it has tied up with Mukesh Ambani’s RIL for an AI-enabled data center in India.

Reliance will build a data center with 168 MW capacity in Jamnagar, Gujarat, which Meta will lease, with options to scale.

Mark Zuckerberg, founder and CEO of Meta, said that the facility, located in Jamnagar, Gujarat, reaffirms Meta’s deep commitment to India, bringing infrastructure that powers its products and AI capabilities needed to deliver “personal superintelligence” to one of its largest and fastest-growing communities globally.

Meanwhile, RIL, in its press release on Wednesday, also announced the partnership with Meta Platforms, Inc. (“Meta”) for a data center project in Jamnagar, Gujarat.

Shares of Clean Max Enviro Energy Solutions opened 6.4% higher at ₹1,312 apiece. The shares extended the gains up to 15% higher, hitting an intraday high of ₹1,421 apiece on Wednesday after the company announced a partnership with Meta Platforms.

The company’s exchange filing read, “Meta Platforms, Inc., and Clean Max Enviro Energy Solutions Limited have announced a ~900 MW renewable energy partnership in India. Together, the companies will support the development of 837 MW of new solar and wind capacity across Rajasthan and Karnataka. Combined with previously announced projects, the partnership now represents more than 900 MW of renewable energy capacity.”

The company holds big tech companies like Apple, Google, Cisco, and Amazon as its clients and continues to serve them with renewable energy solutions.

The stock rallied as much as 4.52% to an intraday high of ₹1,185 apiece on the NSE after the company said it had executed a term sheet to acquire 100% of the equity share capital of Winwin Speciality Insulators Limited, a Visakhapatnam-based manufacturer of high-voltage ceramic and polymeric insulators.

"The transaction is subject to customary due diligence, statutory and regulatory approvals, and other closing conditions and is expected to be completed within three months. The acquisition strengthens Quality Power’s high-voltage product portfolio at a time when global capital deployment into transmission networks, substations, HVDC corridors, renewable-energy evacuation, and grid modernization is accelerating," the company said in a regulatory filing.

Quality Power said WSIL owns and operates a fully automated insulator manufacturing facility in the Atchutapuram Special Economic Zone near Visakhapatnam, Andhra Pradesh.

Hindustan Unilever (HUL) share price jumped more than 3% during the trading session on Wednesday on elevated volumes as investors focused on defensive sector bets amid escalating geopolitical tensions and a stable outlook for the fast-moving consumer goods (FMCG) industry.

HUL share price surged 3.3% to its intraday high of ₹2,204.90 during the trading session on Wednesday.

Experts predict that the FMCG major is set to witness key support from pricing strategy, stable demand outlook, and urban premiumization growth, but the next leg of stock growth is likely to depend on financial performance amid a cautious investor sentiment.

Analysts from US-based leading investment firm JP Morgan said that the premiumization trend is expected to fuel growth in HUL’s gross margins, which in turn is estimated to be used for reinvestment in brand building.

Shares of pharmaceutical firm Concord Biotech gained as much as 5.9% to hit an intraday high of ₹1,347 apiece as it secured an abbreviated new drug application (ANDA) approval from the U.S. Food and Drug Administration (USFDA) for Tofacitinib tablets.

The drugmaker said it received the US FDA approval for its ANDA for tofacitinib tablets, 5 mg and 10 mg, according to a regulatory filing.

Tofacitinib tablets, as per the firm, are indicated for the treatment of adult patients with moderately to severely active rheumatoid arthritis (RA), active psoriatic arthritis (PsA), active ankylosing spondylitis (AS), moderately to severely active ulcerative colitis (UC), active PsA, and active polyarticular course juvenile idiopathic arthritis (pcJIA).

Shares of non-ferrous metal recycler CMR Green Technologies Ltd made a robust debut on the stock exchanges on Wednesday. The stock started trading at ₹268 per share, reflecting a premium of 39.58% over the IPO issue price of ₹192 per share. On the BSE, it listed at ₹275.40 apiece, up 43.44% from the issue price.

A lot consisted of 78 shares. Investors who received the CMR Green Technologies IPO allotment made ₹20,904 per lot. The initial share sale was subscribed a total of 127.04 times. It secured bids for 2,927,544,594 shares compared to 23,043,930 equity shares on offer, as per the stock exchange's data.

CMR Green Technologies IPO was an offer for sale of equity shares totalling ₹630.88 crore by promoters and an investor selling shareholder. The price range was set at ₹182 to ₹192 per share.

Hyundai Motor India shares were trading in the green after the carmaker on Wednesday shared a production update following a fire incident at the supplier's manufacturing facility.

A temporary disruption in Hyundai’s production occurred due to an issue at its supplier Mobis India Limited’s manufacturing facility. “In this regard, we wish to update that the company is taking all the necessary steps so that production activities return to normal, including arranging the automotive parts from alternate source locations,” Hyundai Motor India said in a regulatory filing on Wednesday.

Hyundai further said that operations at its Pune plant and Chennai Plant 2 remain largely unaffected and are continuing as usual. The company indicated that the temporary production disruption is primarily limited to Chennai Plant 1, which is expected to regain its production pace by June 15, 2026, with all operations projected to return to normal by June 22, 2026.

Shares of Afcons Infrastructure surged as much as 9.8% to hit an intraday high of ₹346.50 apiece on Wednesday as it secured an order worth ₹5,301 crore for the Vadhvan Port Project.

The flagship infrastructure engineering and construction company of the Shapoorji Pallonji Group said that it has received a letter of award (LoA) from the Vadhvan Port Project Limited (VPPL) for the construction of a 10.14 km-long breakwater at the upcoming Vadhvan Port in Maharashtra.

When completed, it will be the second-longest breakwater in the world, according to a regulatory filing dated June 9.