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  1. Stocks to Watch, June 11: Wipro, Maruti, Texmaco Rail, Kolte-Patil, Vodafone Idea, CreditAccess Grameen

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Stocks to Watch, June 11: Wipro, Maruti, Texmaco Rail, Kolte-Patil, Vodafone Idea, CreditAccess Grameen

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5 min read | Updated on June 11, 2025, 08:33 IST

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SUMMARY

Stocks to Watch: The country's largest carmaker, Maruti Suzuki India, is recalibrating production of its upcoming model, the e-VITARA, due to the shortage of rare earth magnets, industry sources said.

Stocks to watch

The GIFT NIFTY futures suggest that the NIFTY50 index will open 20 points higher on Wednesday, June 11. | Image: Shutterstock

Stocks to Watch: The domestic stock market snapped its four-day winning run on Tuesday, June 10, amid profit-taking in banking and energy shares. The S&P SENSEX declined by 53.49 points, or 0.06%, to settle at 82,391.72. The NIFTY50 index ended at 25,104.25, up 1.05 points.

The GIFT NIFTY futures suggest that the NIFTY50 index will open 20 points higher on Wednesday, June 11.

Here is a list of stocks that may remain in focus today.
Maruti Suzuki India: The country's largest carmaker, Maruti Suzuki India, is recalibrating production of its upcoming model, the e-VITARA, due to the shortage of rare earth magnets, industry sources said.

The auto major is looking to produce around 8,000 units of the model by September as opposed to the earlier stated plan of rolling out over 26,000 units during the period.

The company, however, plans to make up for the production dip in the subsequent months with a stated target to produce around 67,000 units of the model this fiscal year, sources said.

Maruti Suzuki India declined to comment on the matter.

CreditAccess Grameen: CreditAccess Grameen Ltd, a non-bank microfinance institution, on Tuesday said it has secured a USD 100 million multi-currency syndicated social loan facility, qualifying as an External Commercial Borrowing (ECB) under the automatic route of the Reserve Bank of India (RBI).

This ECB facility is the first of its kind in India's microfinance sector, comprising Japanese Yen (JPY) and United States Dollar (USD) currencies, predominantly raised from banks in South Asia and the Far East, CreditAccess Grameen said in a statement.

Thomas Cook (India): Travel services provider Thomas Cook (India) on Tuesday said it has strengthened its presence in Punjab with the launch of its first franchise outlet in Mohali under its strategy to tap high-potential growth markets.

A key part of the Tricity region, Mohali is known for its rapidly growing residential and commercial development, it said in a statement.

Rajeev Kale, President and Country Head, Holidays, Thomas Cook (India) Limited, said, "Mohali is an important source market for us, and we've seen strong demand coming from the region. Hence, we are delighted to announce the opening of our first Gold Circle Partner franchise outlet in Mohali.

AU Small Finance Bank: Private equity firm TA Associates on Tuesday exited AU Small Finance Bank by selling its entire 1.26% stake in the company for ₹714 crore through an open market transaction.

According to the bulk deal data available on the BSE, US-based TA Associates, through its arm TA FDI Investors, sold 93.90 lakh shares, amounting to a 1.26% stake in Jaipur-based AU Small Finance Bank (AU SFB).

The shares were disposed of at an average price of ₹760.07 apiece, taking the deal value to ₹713.78 crore.

Coal India: Coal India Ltd on Tuesday signed an MoU with the Syama Prasad Mookerjee Port, Kolkata (SMPK) to support the "dynamic illumination" of the iconic Howrah Bridge in the metropolis.

The project aims to transform the over-80-year-old architectural marvel into a dazzling visual spectacle using solar-powered lighting, officials said.

The dynamic illumination will highlight the bridge’s structural brilliance while offering a unique night-time experience for thousands of daily commuters and visitors, they said.

Vi (Vodafone Idea): on Tuesday announced the launch of its 5G services in Bengaluru starting today (June 11). This rollout follows Vi's recent 5G launches in Mumbai, Delhi-NCR, Patna and Chandigarh, and is part of the company's strategic roll out in all 17 priority circles, where it has acquired 5G spectrum, by August this year.
Kaynes Technology: Kaynes Technology on Tuesday, June 10, said that its wholly owned subsidiary, Kaynes Semicon Private Ltd, inked a pact worth 1.59 billion yen with Japan’s Fujitsu General Electronics.

The electronics manufacturing company entered into an asset purchase agreement (APA) on June 9, 2025, to purchase product lines for power modules and identified assets from Fujitsu Electronics, Kaynes said in a regulatory filing.

The agreement, valued at 1.59 billion (or 1,59,11,59,889) Japanese Yen, is subject to the terms, conditions, representations, indemnities and warranties mentioned in the APA.

Kolte-Patil Developers: Shares of Kolte-Patil Developers are expected to trade actively on Wednesday, June 11, as the fair trade regulator Competition Commission of India (CCI) on Tuesday cleared global asset manager Blackstone's proposal to acquire a majority stake in Pune-based Kolte-Patil Developers.

US-based Blackstone, through its affiliate BREP Asia III India Holding Co VII Pte Ltd, is acquiring a stake in Kolte-Patil Developers.

"The combination envisages acquisition of a 40 per cent shareholding in Kolte-Patil Developers Ltd by BREP Asia III India Holding Co VII Pte Ltd through a combination of share subscription and share purchase," the CCI said in a release.

Reliance Infra: Anil Ambani's Reliance Defence Ltd on Tuesday announced a strategic cooperation agreement with German arms manufacturer Diehl Defence for the production of next-generation terminally guided munitions (artillery shells).

"The partnership will drive local production of the state-of-the-art Vulcano 155 mm Precision Guided Munition system, catering to the Indian Armed Forces," it said in a statement.

The 155mm TGMs, which are equipped with built-in ECCM capabilities that make them less susceptible to enemy electronic jamming attempts, can home in on targets within 10 seconds of reaching the anticipated impact zone.

Texmaco Rail: The company said that Mumbai Railway Vikas Corporation Limited, vide its letter dated June 9, 2025, has awarded an order of ₹44.04 crore to the company for the supply, construction, installation, testing and commissioning of traction transformers, SPs & associated works.
Wipro: Wipro on Tuesday, June 10, announced the extension of its partnership with Metro AG (“Metro”), an international food wholesaler, for an additional two years. Under the renewed agreement, Wipro will continue to provide Metro with integrated digital services across cloud, data, application development, and AI-enabled IT support services.
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