Stocks to watch, June 17: Wipro, Infosys, DOMS Industries, GIC, ONGC, OIL, Sona BLW, Coforge, Gillette

The domestic equity market is likely to see a flat opening on Wednesday, June 17, as GIFT NIFTY futures signal little change in the benchmark NIFTY50 index at the opening bell.

The base deal size, according to a CNBC-TV18 report, is estimated at 5.2% equity, with an upsize option of an additional 1.8% stake. The floor price has reportedly been set at ₹2,100 per share, implying a discount of around 9% to DOMS Industries' closing price on Tuesday.

Non-retail investors put in bids for over 11.73 crore GIC shares or 3.72 times the base issue portion of 3.16 crore shares reserved for them, as per BSE data.

Retail investors will get to bid in the OFS on Wednesday.

The orders involve the design, engineering, and manufacture of specialised process equipment, the company said in a statement.

The development marks Kilburn Engineering’s entry into Casale's qualified supplier base, a global technology licensor in the fertiliser, chemical, and energy sectors.

"The Casale orders are a validation of the standard we have set in process equipment for the fertiliser industry. Over the past year, we have won orders from Coromandel, RCF, FACT, Hindustan Zinc, Tecnimont, and now Casale -- a combination of domestic blue-chips, global EPC contractors, and technology licensors," Kilburn Engineering Limited Chairman Amritanshu Khaitan said.

"An inter-ministerial panel has given in-principle approval to the deal. It will be cleared by Meity after due process," a source told PTI.

The joint venture will focus on manufacturing electronic devices, including smartphones.

Vivo’s manufacturing unit in Noida is likely to become part of the proposed JV, which will reduce the company's risk exposure to India.

"Venus already contributes double-digit growth to our Grooming Business and is growing upwards of 20%," said Gillette India CFO Srividya Srinivasan, while replying to a query on growth rate in the female category, in its analyst meeting.

She said the biggest opportunity for the brand lies in attracting new users, as female hair removal remains a diverse category where razors compete not only with rival brands but also with alternatives such as hair-removal creams, waxing products, and salon services.

The auto components maker’s board has cleared a capital expenditure of ₹62.6 crore for the manufacturing of components and systems for the robotics industry, including advanced robotics.

Sona BLW said in a regulatory filing that the capex is expected to support access to new end markets and application areas beyond the automotive industry while also broadening its product portfolio and contributing to long-term growth opportunities.

As a part of this engagement, Infosys will modernize Valmet’s core IT services and deliver an end-to-end IT transformation to enhance operational efficiency and enable closer alignment between IT operations and business priorities.

The CoE strengthens Wipro’s ability to scale enterprise AI adoption using Claude models. These capabilities are integrated across the Wipro Intelligence™ stack – including delivery, functional, and industry platforms- to embed AI into core business workflows across industries.

The company's CEO said Coforge believes the organic growth rate it has delivered over the past nine years can be sustained over the next four years, supported by its differentiated capabilities in data, cloud, and AI engineering, along with its transformation expertise and execution-led approach.

Meanwhile, the CFO said that based on its Q4 FY26 exit margins, Coforge is well positioned not only to remain a growth leader but also to emerge as a margin leader among mid-cap IT companies.

The common stocks of Assertio are no longer listed or traded on the Nasdaq Global Market, the comoany said.

As part of the multi-year agreement, Nykaa Beauty and Nykaa Fashion have been integrated as connected apps within the ChatGPT platform. This will allow users to seek conversational recommendations for skincare, apparel, and fragrances, with Nykaa serving as the destination to fulfil these queries, the company said in a statement.

Beyond consumer-facing features, the partnership will see the deployment of OpenAI's technologies, including ChatGPT Enterprise and coding agent Codex, across Nykaa's internal operations. The AI tools will be embedded into various departments, including marketing, supply chain, legal, and engineering, to enhance enterprise productivity and accelerate the development of new features.

This addition expands the ITC Hotels Limited portfolio in Uttar Pradesh.

"This signing further reinforces ITC Hotels' strategic expansion into demand-driven destinations, with the Welcomhotel brand focused on strengthening its presence across emerging cultural and spiritual Tier II and Tier III cities," ITC Hotels stated.

The MoU was signed on the sidelines of the 59th Pre-Retirement Counselling (PRC) Workshop and 13th Bankers' Awareness Programme held here.

Union Minister of State (Independent Charge) for Prime Minister's Office, Personnel, Public Grievances and Pensions, Jitendra Singh, inaugurated the workshop that was organised by the Department of Pension & Pensioners' Welfare (DoPPW).

At present, Asian Paints is the leading player in the sector with a substantial share in the decorative paints market.

Addressing shareholders, Jindal said India remains one of the world's most attractive long-term growth markets, and the outlook for the paints and coatings industry is positive.

"With trusted brands, strong technical capabilities, an expanding distribution footprint, and the institutional strength of the JSW Group, JSW Dulux is well positioned to disproportionately capture the opportunities ahead," Jindal said.