Stocks to watch, June 18: HFCL, Vedanta Aluminium, RVNL, DOMS Industries, BSE, GIC Re, liquor stocks

The domestic stock market is expected to open lower on Thursday, June 18. The GIFT NIFTY futures suggest that the NIFTY50 index will open 46 points lower.

As per the NSE filing, Hexaware’s move to expand its UK operations is estimated to create 1,200 employment opportunities across Manchester, Leeds, and Birmingham over the next three to five years.

This mega expansion plan was announced by the UK government at the G7 Summit on June 16, 2026, as part of the international commitments to its artificial intelligence (AI) and clean energy agenda.

The filing marks a major milestone for NSE, whose listing plans had been stalled for nearly a decade due to regulatory hurdles, including the co-location controversy.

On Wednesday, shares of BSE ended at ₹4,004 apiece on the NSE, down 3.81%.

The investment firm expects the company to transition to a net cash position by FY28, supported by stronger earnings and declining leverage. Citi has also placed the stock on a 90-day positive catalyst watch, signalling the potential for near-term upside triggers.

The fresh contract is in addition to the earlier contract of ₹2,167.65 crore awarded to the company by RVNL for BharatNet Phase-3 projects in the Uttar Pradesh (East) and Uttar Pradesh (West) telecom circles in January, the company said in a regulatory filing.

"The Company has been awarded a Contract amounting to around ₹2,666.09 crore by Rail Vikas Nigam Limited (RVNL). This contract pertains to the BharatNet Phase-3 project in the Uttar Pradesh (West) telecom circle," HFCL said in the filing.

The stake sale is expected to garner about ₹3,000 crore for the exchequer, taking the total proceeds from five PSU disinvestments so far in the current fiscal to around ₹16,000 crore.

Non-retail investors oversubscribed the offer for sale (OFS) on Tuesday, putting in bids worth ₹4,000 crore. The OFS opened for retail investors on Wednesday.

"Offer for Sale (OFS) in GIC Re closed with enthusiastic response from the investors. Government of India has divested 5 per cent of its stake in GIC Re with full subscription of base and green-shoe offer," Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said on X. ​

In his message to shareholders in the latest annual report, Adani said the long-term growth outlook for the Indian economy remains strong; however, demand conditions in the near-term are likely to stay ‘moderate’, which requires ‘a balanced and disciplined approach to growth’.

“We will continue expanding our cement capacity in a calibrated manner, deepen our ready-mix concrete footprint, strengthen integration across logistics networks, and accelerate adoption of low-carbon technologies,” said Adani.

The company said it is focused on expanding value-added product capacity across high-silicon iron, ductile iron pipes, wire rods, and rebars.

The company said it is focused on expanding its capacity across silicon iron, ductile iron pipes, wire rods, and rebars.

Supported by approximately 4 billion tonnes of iron ore reserves and resources, providing more than 50 years of raw material security, the company is building a platform designed to create long-term value across the iron ore and steel value chain.

Domestic institutional investors participated in the transaction, with SBI Mutual Fund and Axis Mutual Fund among the key buyers.