RPower, KEC International, KPIL among buzzing stocks as SENSEX, NIFTY50 trade flat in noon deals

Benchmark indices, SENSEX and NIFTY50, were trading flat during the afternoon session on Tuesday, June 30, weighed down by selling in IT shares. However, the markets were off their day’s low.

The SENSEX had declined as much as 0.4% to hit an intraday low of 76,455.49. Meanwhile, the NIFTY50 touched the session’s low of 23,851.95.

At 12:54 PM, the S&P BSE SENSEX edged lower by 0.65 points to trade at 76,727.72, while NSE’s NIFTY50 stood at 23,948, reflecting a 1.75-point increase.

On Monday, foreign institutional investors (FIIs) sold stocks worth ₹1,350.10 crore, while domestic institutional investors (DIIs) purchased shares worth ₹2,801.45 crore on a net basis, according to exchange data.

Buzzing stocks on June 30: Check list

Banking stocks such as Axis Bank, Bandhan Bank, Punjab National Bank (PNB), Canara Bank, HDFC Bank, among others are in focus, following a string of developments, including top-level management changes, dividend payouts and fund-raising plans.

Both private lenders, Axis Bank and Bandhan Bank, announced the resignation of their chief financial officers (CFOs) ahead of the finalisation of first-quarter results. Axis Bank said CFO Puneet Sharma, who served in the role for six years, has resigned to pursue the next phase of his professional journey, while Bandhan Bank's CFO Rajeev Mantri also stepped down, marking an unusual leadership churn in the sector.

Furthermore, the board of HDFC Bank on Monday appointed former Finance Secretary Rajiv Kumar as its new chairman, who had been instrumental in revitalising public sector banking and the financial sector.

Shares of Vedanta Aluminium Metal and the other recently demerged Vedanta Group entities were in focus on Tuesday, June 30, amid two key developments. The stock of Vedanta Iron & Steel jumped over 7%, while the rest traded in the red.

While the four companies (Vedanta Power, Vedanta Aluminium, Vedanta Oil and Gas, and Vedanta Iron and Steel) complete their mandatory 10-day Trade-to-Trade (T2T) settlement period, leading investment firm Investec has initiated coverage on Vedanta Aluminium Metal, with a positive outlook.

Valuing the company at 7x FY28 estimated EV/EBITDA means Investec is assigning Vedanta Aluminium Metal a valuation equal to seven times its expected Enterprise Value (EV) relative to its EBITDA (operating profit before interest, taxes, depreciation and amortisation) for FY28.

The stock of Reliance Power surged as much as 4.8% to hit an intraday high of ₹25.30 per unit on the National Stock Exchange (NSE) on Tuesday, June 30, after the company announced its foray into the artificial intelligence (AI) space.

According to a regulatory filing, the firm stated that it undertook “certain enabling steps” to incorporate AI and related technology-driven activities within its business framework, through its subsidiaries.

Reliance Power has incorporated “relevant objects” covering the AI and technology-enabled services, including adopting new names for its subsidiaries, it stated.

The new names of the subsidiaries are Reliance AI Green Power Private Limited, Reliance AI Power Private Limited, Reliance AI Data Control Private Limited, and Reliance AI Data C Private Limited.

Shares of Ceigall India were trading in the negative territory, despite executing a power purchase agreement (PPA) via its wholly owned subsidiary, Ceigall Morena Solar BESS Park Limited, with Rewa Ultra Mega Solar Limited, for a 220 MW Solar and Battery Energy Storage System (BESS) project at Morena Solar Park in Madhya Pradesh.

The tariff-based project, valued at approximately ₹1,700 crore (including GST), combines solar power generation with BESS, according to a regulatory filing.

The project carries an 18-month construction timeline followed by a 25-year operational period, with a discovered tariff of ₹2.70 per kWh, it stated.

Kalpataru Projects International’s stock jumped as much as 4.4% to reach the session’s peak of ₹1,405.20 apiece on Tuesday after the company announced securing new orders worth ₹2,957 crore.

The company’s exchange filing said that Kalpataru Projects International Limited (KPIL), along with its international subsidiaries, has secured new orders/notification of awards of approximately ₹2,957 crore.

The orders were secured for three key business segments, namely, Power Transmission & Distribution, Building & Factories and Water businesses.

The orders were also geographically distributed across India, the overseas markets and the Middle East.

Shares of Shilpa Medicare zoomed 6.1% to hit a 52-week high of ₹608.60 apiece on the NSE on June 30, after its wholly owned subsidiary, Shilpa Biologicals Private Limited, entered into a co-development and supply agreement with the Finland-based Orion Corporation.

The agreement was for the co-development and supply of intravenous(IV) nivolumab biosimilar, referencing one of the world’s most widely used cancer immunotherapies, in Europe.

Under the agreement, Orion will hold the exclusive right to register, market, distribute and sell the nivolumab biosimilar across Europe, and will act as the Marketing Authorisation holder in the territory.

Shilpa Biologicals will lead product development and serve as the exclusive long-term commercial manufacturer and supplier for the European market from its advanced biologics facility in Dharwad, India.

The stock of Genus Power Infrastructures fell as much as 11.4% to ₹282.10 apiece on the NSE in early trade on Tuesday, June 30, after reports of a large block deal in the counter.

Around 88 lakh shares, or nearly 2.90% of the company’s equity, changed hands in block deals worth about ₹267.5 crore.

GIC held around a 15.1% stake in Genus Power as of the end of FY26. Meanwhile, a clutch of high-net-worth individual (HNI) investors are said to have participated as buyers in the block deal.

Shares of global EPC major KEC International rose after the company secured new orders valued at ₹1,754 crore across various businesses.

The company said that its transmission & distribution (T&D) vertical has received significant orders for the supply of high-voltage transmission line towers in the Americas. The firm's cables & conductors business has received various orders across India and international markets, according to an exchange filing.

Vimal Kejriwal, MD and CEO of KEC International Ltd, said, "We are delighted with the new order wins, especially in the tower supply business. The repeat orders from customers in the Americas, including the largest-ever tower supply order from the USA, reflect the growing momentum in the American T&D market."