RIL, Bharat Forge, RVNL, Voltas, among buzzing stocks as SENSEX jumps over 350 pts, NIFTY above 24,100

The Indian benchmark indices, SENSEX and NIFTY50, were trading in the positive territory during the afternoon session on Monday, June 22, as the US and Iran concluded the first round of negotiations in Switzerland, with Iran stating that it has secured an oil and petrochemical waiver, as per media reports.

The SENSEX jumped as much as 0.68% to hit an intraday high of 77,325.56. Meanwhile, the NIFTY50 reached the session’s high of 24,168.05.

At 12:56 PM, the S&P BSE SENSEX climbed by 359.31 points, or 0.47%, to trade at 77,162.21. NSE’s NIFTY50 was trading at 24,121.90, marking a 108.80 points, or 0.45% increase.

The top gainers of the NIFTY50 index included Cipla, Dr. Reddy’s, Tech Mahindra, Infosys, and Tata Motors Passenger Vehicles (PV).

On the other hand, the top losers were Shriram Finance, Asian Paints, Titan Company, Power Grid Corporation of India, and Max Healthcare Institute.

Buzzing stocks on June 22: Check list

The NIFTY Oil & Gas index advanced as much as 1.39% to hit an intraday high of 11,324.75 on Monday, June 22, as Brent Crude oil prices fell below $80 per barrel (bbl) after Iran said it has secured an oil and petrochemical waiver after its talks with the United States concluded in Switzerland, as per media reports.

The first round of talks between Iran and the US concluded on Monday, with Iran’s Foreign Minister Abbas Araqchi stating that the country has secured a waiver for oil and petrochemical exports, the release of some frozen assets, and the launch of a reconstruction and development plan for Iran, according to reports.

The joint statement from the mediator said that “encouraging progress” was made, including the creation of a mechanism for further technical talks. Furthermore, a High-Level Committee was formed to provide political oversight on the mediation.

The Committee, as per the statement, has agreed upon a roadmap for reaching a final deal between the US and Iran within 60 days. Additionally, the statement said that a “communication line” has been formed between the parties to “avoid incidents and miscommunication with the aim of safe passage for commercial vessels through the Strait of Hormuz”.

Shares of Reliance Industries Ltd (RIL) jumped nearly 3% to hit an intraday high of ₹1,344.90 apiece on the National Stock Exchange (NSE) on Monday, June 22, after the company's telecom-to-technology arm, Jio Platforms, filed a draft red herring prospectus with market regulator Securities and Exchange Board of India (SEBI).

The proposed initial public offering (IPO) is a fresh issuance of 27 crore shares, according to the preliminary papers. The IPO is expected to raise around ₹37,700 crore, according to news reports.

"The proposed listing of Jio will demonstrate to the world that India can build technology companies of global scale, global capability, and global value," Reliance Chairman Mukesh Ambani told shareholders at the company's 49th annual general meeting.

He said that the listing process is being led by his children, Akash, Anant, and Isha Ambani.

Bharat Forge stock gained on Monday, June 22, to hit its 52-week high of ₹2,065 apiece after the company secured a major order from the Ministry of Defence.

Last week, Bharat Forge Limited signed a ₹425 crore contract with the Ministry of Defence for the supply of gas turbine generators to the Indian Navy for onboard power generation on Kolkata-class ships. The contract will be executed over a period of 5 years, the company said.

The firm further said that rated at 1.25 MW, the new gas turbine generators will replace the lower-capacity units currently in service onboard. “Awarded under the Buy (Indian) category of the Defence Acquisition Procedure 2020 (DAP-2020), the contract marks BFL's entry into the marine gas turbine (GT) business—and will deliver the first indigenous GT-based power plant to operate aboard Indian Naval ships,” Bharat Forge said in a statement.

Kirloskar Oil Engines' share price jumped 20% to hit its upper circuit level after the stock market opened on Monday, June 22, as investors focused on the company securing a 192 MW power systems order for large-scale data centres in India, according to an exchange filing.

“Kirloskar Oil Engines Limited (KOEL), one of India's leading manufacturers of power generation solutions, today announced a significant order from HyperNext, a next-generation digital infrastructure company focused on delivering hyperscale-ready, AI-enabled data centre solutions,” the company informed stock exchanges.

The company filed its order update after the market operating hours on Friday, June 19. Kirloskar Oil Engines shares have a 20% tolerance price band limit before it hits either a lower or upper circuit.

The stock of Voltas rallied as much as 5% to ₹1,411.90 apiece on the NSE on Monday, June 22, as the leading room air conditioner maker said it has crossed the milestone of selling one million units within the first three months of the ongoing 2026-27 financial year (Q1 FY27).

The multinational consumer electronics and home appliance company claimed it has achieved the landmark in record time and further strengthened its leadership position in the Indian room air conditioner (RAC) market.

In 2023-24, Voltas claimed to have achieved the two-million RAC sales milestone, which was the industry's first.

Rail Vikas Nigam Limited (RVNL) shares surged 3% to touch an intraday high of ₹250.9 apiece as the firm secured a fresh contract from NMDC.

The company, in a regulatory filing, said it has received a Letter of Awards (LoA) for setting up buffer stockpiles and a blending yard of 10 MTPA handling capacity at Vizag in Andhra Pradesh.

Worth ₹2,977 crore, the project is expected to be completed within 42 months.

The stock of Tata Motors Ltd advanced as much as 2% to ₹410.45 apiece on the NSE in the early trade on Monday, June 22, as the commercial vehicle manufacturing company on Sunday said in its press release that it has secured over 3,400 electric commercial vehicle (eCV) orders across segments, marking a significant inflection point in the mainstream adoption of electric mobility for both freight and passenger transport in India.

The orders comprising around 2,000 SCVs and pick-ups, around 900 trucks, and nearly 500 buses, cut across a diverse range of applications, from e-commerce, logistics, FMCG and FMCD distribution, and intra-city mobility to demanding sectors such as cement, steel, mining, and tarmac operations, alongside inter- and intra-city passenger transport.

Shares of Blue Cloud Softech soared 20% to hit their upper circuit level during the trading session on Monday, June 22, after the company disclosed it is exploring AI opportunities with SpaceX International, a subsidiary company of billionaire Elon Musk-led SpaceX.

As per the BSE filing, the company is evaluating non-binding business opportunities in the field of artificial intelligence (AI) with the help of SpaceX.

“Blue Cloud Softech Solutions Limited, a company listed on BSE Limited, wishes to inform that it is evaluating preliminary, non-binding business opportunities in the field of artificial intelligence technology with SpaceX International Ltd,” the company informed the stock exchanges.