Stocks to watch, June 19: IT stocks, RIL, Amber, Wipro, HDFC Bank, Brigade, Bharat Forge, Diamond Power

The domestic equity market is expected to open gap-down on Friday, June 19. The GIFT NIFTY futures suggest that the NIFTY50 index will open 194 points lower.

Accenture said the ongoing conflict in Iran weighed on its consulting business in the Middle East, resulting in a $400 million hit to its regional operations during the third quarter. The company also warned of further impact in the fourth quarter, highlighting the broader disruption the conflict has caused for businesses globally.

The Dublin-headquartered firm now expects annual revenue growth of 3% to 4%, compared with its earlier forecast of 3% to 5%. Following the announcement, Accenture shares tumbled more than 17%, triggering a sell-off across the IT sector.

Indian IT ADRs such as Infosys and Wipro also tumbled.

OPPO India is a licensed manufacturer of mobile phones for the brands of OPPO, OnePlus, and Realme (the Brands) in India.

Under this collaboration, Amber Group will manufacture mobile phones for the brands, combining the brands’ global product expertise with the Indian partner’s manufacturing scale, operational capabilities, capability to enhance local value addition, and local supply chain strengths, the press release said.

Following the latest transaction, Wipro's overall shareholding in Aggne Global IT will increase to 80%, the company said in a regulatory filing.

The cash transaction is expected to be completed by June 30, 2026. This follows the company's announcement earlier this month regarding the acquisition of 20% additional stake in the US-based affiliate, Aggne Global Inc, for $28.5 million.

Mistry, a veteran of the HDFC Bank Group, was appointed as the interim chairman on March 18, following the resignation of the bank's non-executive chairman, Atanu Chakraborty. Chakraborty had resigned from the bank, raising concerns over its functioning, and said that certain practices within the bank over the last two years are not in "congruence" with his "personal values and ethics".

In a regulatory filing on June 18, HDFC Bank said it had made an application to the RBI seeking extension of Mistry's tenure.

"... the RBI, vide its communication dated June 18, 2026, has granted approval for the extension of tenure of Keki Mistry as an interim Part-time Chairman of the Bank for a further period of 3 (three) months until September 18, 2026 or till appointment of a regular Part-time Chairman, whichever is earlier," HDFC Bank said in a regulatory filing.

"We reiterate that the project site is private patta lands, classified as dry lands (“punjai”) in revenue records dating back to 1935, and has been in the continuous possession of the current landowners since 1985. Brigade entered into a Joint Development Agreement (JDA) with the Landowner for the land in 2022. Brigade also issued public notices at the time of entering into the JDA and also at the time of securing the EC in leading newspapers, and no objections were received whatsoever," the press release added.

"This strategic partnership between AM General and KSSL addresses the requirement of modern armies of the world in an evolving combat scenario, equipping them with compact, robust, lightweight, ruggedized, mobile, all-weather, all-terrain Next-Gen Mounted Artillery gun platforms, with a distinct competitive edge," the company said.

The capacity addition, expected to be completed in the third quarter of the current financial year, will enable the company to manufacture battery packs for four-wheelers, expanding beyond its recently launched two-wheeler battery pack business.