Stocks to watch, June 22: Tata Motors, Voltas, oil-linked stocks, RIL, Dalmia Bharat, Sun Pharma

The domestic stock market is expected to open higher on Monday, June 22. The GIFT NIFTY futures suggest that the NIFTY50 index will open 67 points higher.

The US-Iran talks began on Sunday, after last week's agreement to reach a deal in 60 days.

Late Sunday night, the US diplomat said discussions were focused on "clarifying some of the confusing messaging from Iran" on the re-opening of the Strait of Hormuz, enforcing the ceasefire in southern Lebanon, and "elements" of a nuclear deal.

"Earlier, Trump had threatened to attack Iran if it did not stop Hezbollah amid continued clashes with Israel in Lebanon. Iran dismissed the warning, saying it was prepared to fight," BBC reported.

The US diplomat said both delegations, who are meeting in the Swiss city of Lucerne, would use "today's work as a starting point for ongoing technical talks going forward".

Jio Platforms Ltd, the digital services arm of Reliance Industries, on Friday filed draft papers for an initial public offering that is being billed as the largest ever, with a potential fundraise estimated at around $4 billion (about ₹37,700 crore).

Jio Platforms will offer up to 27 crore fresh shares, according to the draft red herring prospectus (DRHP). This would amount to 2.9% of the total equity base post issue.

"The net proceeds of the issue are proposed to be utilised in ...prepayment, in full or in part, of certain outstanding borrowings availed by the material subsidiary, namely, RJIL...and general corporate purposes," the draft paper said.

A PTI report said the company expects to raise around ₹37,700 crore, making it the country's biggest-ever IPO.

The estimated fundraising is expected to value Jio Platforms at around $137 billion.

The inspection concluded with five observations and will be responded to within the stipulated time.

"The company is committed to maintaining the highest quality manufacturing standards at all of its facilities across the globe. We will keep the stock exchanges informed if there is any further information relating to the above in the future," it said.

The country's fourth-largest cement maker, which currently has a significant presence across eastern, northeastern, and southern India, plans to scale its cement manufacturing capacity from around 49.5 million tonnes per annum (MTPA) to 75 MTPA in the medium term, according to the company's latest annual report.

"Gas is now slightly more than oil in our portfolio," Singh told analysts, adding that ONGC's future growth will be driven largely by gas production even as crude output remains broadly flat without major new discoveries.

"We should call ourselves a gas and oil company, not an oil and gas company."

Singh said gas is emerging as the dominant growth driver for the state-run explorer, with rising domestic demand, supportive pricing reforms, and new field developments pushing production higher.

In April last year, Bengaluru-based Prestige Group launched its first housing project in Delhi-NCR with a total revenue potential of around ₹12,000 crore.

He said the company would launch two new housing projects in Delhi-NCR this fiscal, one each in Noida and Gurugram.

The total developable area in these two projects would be nearly 8 million sq ft, and the total revenue potential is estimated at ₹6,800 crore, as per the company's latest investor presentation.

The orders comprising around 2,000 small commercial vehicles and pick-ups, 900 trucks, and 500 buses, cut across a diverse range of applications from e-commerce, logistics, FMCG and FMCD distribution, and intra-city mobility to demanding sectors like cement, steel, mining, and tarmac operations, alongside inter- and intra-city passenger transport.

As part of the licence agreements, Jyothy Labs held the rights for manufacturing, distribution, marketing, and sale of products under the brands Pril and Fa.

Jyothy Labs will continue to focus on premiumisation, innovation, brand investments, and distribution expansion despite persistent inflationary pressures and geopolitical uncertainties, Chairperson and Managing Director M. R. Jyothy said in an address to shareholders in its latest annual report.

Jyothy said Henkel has communicated its decision not to renew licence agreements related to the Pril and Fa brands beyond May 31, 2026. The company is building Exo into a broader dishwash franchise.