Stocks to Watch, June 16: SpiceJet, Bajaj Finance, Sun Pharma, Natco Pharma, DLF, Tata Steel, oil-linked stocks

The Gurugram-based airline had posted a PAT of ₹119 crore in the fourth quarter of FY24, according to a regulatory filing.

However, the revenue from operations for the reporting quarter declined 16% year-on-year to ₹1,446.37 crore from ₹1,719.3 crore in Q4 FY24, SpiceJet said in the filing.

For the 2024-25 fiscal year, SpiceJet posted a standalone PAT of ₹58 crore against a loss of ₹409.43 crore in the year-ago period.

Oil prices climbed on Monday, extending Friday's rally, as renewed strikes by Israel and Iran over the weekend increased concerns that the battle could significantly disrupt oil exports from the Middle East.

The estimated cost of developing this project is around ₹5,500 crore, they added. This upcoming project is part of its 116-acre township, 'DLF Privana'.

In FY25, Tata Steel produced 30.92 million tonnes of steel out of its total capacity of 35 million tonnes spread over India, the UK, the Netherlands and Thailand.

This will help ITC to expand its play in the fast-growing organic food products segment.

“The company has completed the acquisition of 100% of the share capital of SNBPL on June 13, 2025,” ITC said in a regulatory filing.

On conclusion of the inspection, the company received one observation in the Form 483.

"The company believes that the observation is procedural in nature. The company is confident to address this observation comprehensively. The company remains committed to being cGMP compliant and in supplying high-quality products to its customers and patients globally," the filing added.

The US Food and Drug Administration (USFDA) conducted a good manufacturing practices (GMP) inspection at the Halol facility from June 2-13, 2025, the Mumbai-based drug maker said in a regulatory filing.

At the conclusion of the inspection, the USFDA issued a Form-483 with 8 observations, it added.

As per the USFDA, Form 483 is issued to a firm's management at the conclusion of an inspection when the investigator has observed any conditions that may constitute violations of the Food Drug and Cosmetic (FD&C) Act and related Acts.

The inspection concluded successfully, with the facility found to be in compliance with the required regulations. The inspection resulted in zero observations, and no Form 483 was issued. The inspection has been classified as No Action Indicated (NAI).

Proceeds will be utilised for funding of capital expenditure, refinancing of existing loans and other general corporate purposes, the company said in a regulatory filing.

NTPC has decided to issue unsecured non-convertible debentures of ₹4,000 crore on June 17, 2025, through private placement at a coupon of 6.89% p.a. for a tenor of 10 years and 1 day, maturing on June 18, 2035, the filing said.

In a regulatory filing on Friday, the company said it has forayed into the Thane real estate market with the acquisition of a 6.28-acre freehold land parcel.

The transaction is valued at ₹172.48 crore, including stamp duty, it said.

Aimed at providing retail financing solutions for new cars, used cars, and commercial vehicles, this collaboration is set to enhance the accessibility and affordability of the company's vehicles for a broader range of customers, the auto major said in a statement.

"Our collaboration with Equitas Small Finance Bank will enable us to reach an even wider audience and offer them competitive financing offers to add to the joy of buying a new car," Maruti Suzuki India Senior Executive Officer (Marketing & Sales) Partho Banerjee said.

The global rating agency has upgraded its Baseline Credit Assessment (BCA) to ba3 from b1, Moody's said in a statement.

The upgrade of YES Bank's ratings and BCA is driven by a gradual improvement in the bank's credit profile, including its capital and loan loss reserves, which will provide sufficient buffers against the bank's unseasoned asset risks and improving yet modest profitability and funding, it said.