Stocks to watch, June 15: OMCs, paints, ONGC, Oil India, Meesho, Vedanta, Sun Pharma, Dr Reddy's

The domestic stock market is expected to open gap-up on Monday, June 15, amid positive global cues. The GIFT NIFTY futures suggest that the NIFTY50 index will open 299 points higher.

“The Deal with the Islamic Republic of Iran is now complete,” US President Donald Trump said in a Truth Social post. Hormuz will open without a toll system, and the U.S. will end its naval blockade of Iran, the president said.

“Ships of the World, start your engines,” Trump said. Let the oil flow!”

When last seen, WTI crude futures traded 4.83% lower, while Brent crude futures were trading 4.13% lower.

A fall in crude oil prices is generally positive for OMCs, paints, tyres, and aviation stocks.

In a clarification submitted to stock exchanges, the company said it was made aware of the complaint through the Food Safety and Standards Authority of India (FSSAI) following concerns raised by an unverified account on social media platform X.

"We categorically reject allegations circulating on media basis an unverified account regarding the presence of infestation, allegedly on MAGGI noodles," said Nestle India in response to a query from the NSE and the BSE on a media report published on June 12.

The company said it is "yet to receive" any sample from the complainant for assessment, and did not receive any response from them while the social media account remained unreachable.

Vedanta: Vedanta shares will be in focus as the company's demerger process enters its final phase, with four demerged businesses set to list on stock exchanges on Monday, June 15.

According to a regulatory filing, Meesho's board approved the acquisition of a 100% stake in Singapore-incorporated Kirana Club Pte Ltd and its Indian subsidiary, Retail Pulse Labs Pvt Ltd (RPLPL).

The acquisition will be completed in three tranches on or before March 31, 2027, the company said.

“The Board of Directors of Meesho Ltd…has considered and approved the acquisition of 100% of the share capital of Kirana Club Pte Ltd, a company incorporated under the laws of Singapore, and 0.41% of the share capital of Retail Pulse Labs Pvt Ltd, an existing subsidiary of Kirana Club incorporated under the laws of India…for an aggregate consideration amounting to Rs 2,02,08,52,202.40, in three tranches,” it said.

The pharma major said the company will continue to monitor the situation, and appropriate steps will be taken based on further developments.

Dr. Reddy’s holds the exclusive marketing rights for the product in the United States. MSN is responsible for the development and manufacturing of the product.

"The transaction is subject to receipt of the necessary regulatory approvals and other customary conditions under the definitive agreement. Upon consummation of the transaction, MCCPL will become a wholly-owned subsidiary of the company," it said.

Besides, JSW Neo, a wholly owned subsidiary of JSW Energy, has successfully commissioned the full 150 MW capacity of Tidong Power, a run-of-river hydroelectric power plant in the Tidong Valley situated in Kinnaur district of Himachal Pradesh.

The inspection had concluded with 11 observations.

Syngle said the recent escalation in West Asia has added to uncertainty surrounding the global economy, particularly for import-dependent markets such as India.

"The business environment will remain dynamic. Competitive intensity, commodity movements, external volatility and supply-chain risks will continue to require discipline," he said while addressing the shareholders.

Embassy Developments, part of Bengaluru-based Embassy Group, had invested nearly ₹1,200 crore during the 2025-26 financial year.

In an interview with PTI, Embassy Developments Ltd Managing Director Aditya Virwani said, "We will be stepping up investment on construction activities this fiscal to ₹1800-₹2000 crore.

Virwani said the construction work is progressing well across all ongoing residential projects in Bengaluru, Mumbai Metropolitan Region (MMR) and Delhi-NCR.

Insurance behemoth LIC alone commands close to 60% market share in the life insurance segment and manages assets of over ₹57 lakh crore. It has real estate properties valued at around ₹60,000 crore.

The story of Life Insurance Corporation of India (LIC), which completed its 70th year of existence, is inseparable from the story of India.