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  1. Stocks to Watch, June 23: IT stocks, IOCL, BPCL, HPCL, Asian Paints, Zen Technologies, Trent, BEL, HUL, V-Mart

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Stocks to Watch, June 23: IT stocks, IOCL, BPCL, HPCL, Asian Paints, Zen Technologies, Trent, BEL, HUL, V-Mart

Upstox

4 min read | Updated on June 23, 2025, 08:24 IST

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SUMMARY

Stocks to Watch: Shares of the oil and gas-related companies will remain in focus as crude oil prices continue to rise. Middle East tensions escalated during the weekend, with the US attacking Iran and Iran threatening to shut down the Strait of Hormuz.

Stocks to watch

The GIFT NIFTY futures indicate that the NIFTY50 index will open 117 points lower. | Image: Shutterstock

Stocks to Watch: The domestic stock market will likely open in the red on Monday, June 23, amid weak global cues. The GIFT NIFTY futures indicate that the NIFTY50 index will open 117 points lower.
Here is a list of stocks that may remain in focus today.
Oil and gas stocks: Shares of the oil and gas-related companies will remain in focus as crude oil prices continue to rise. Middle East tensions escalated during the weekend, with the US attacking Iran and Iran threatening to shut down the Strait of Hormuz.
Trent, Bharat Electronics: Asia Index, the benchmarks and market intelligence arm of BSE, in May announced that Tata Group-owned Trent and state-owned Bharat Electronics will replace Nestle India and IndusInd Bank in the 30-share SENSEX.

The changes will come into effect from the beginning of trading on June 23.

The rejig marks a shift in the composition of the benchmark index, with Trent and Bharat Electronics being added while FMCG major Nestle India and private sector lender IndusInd Bank will exit the SENSEX as part of the reconstitution.

HUL: Shares of FMCG giant Hindustan Unilever Ltd will trade ex-dividend for the final dividend of ₹24 per share today, i.e., June 23, 2025. The record date for the same is June 23.
V-Mart Retail: V-Mart Retail, a family fashion store chain, had fixed June 23 to determine shareholders eligible for a bonus share issue. The company is issuing three equity shares for every one existing share of the company.
IT stocks: Shares of IT services companies will be in focus as Accenture reported revenue of $17.7 billion for the third quarter of FY25, marking an increase of 8% in US dollars and 7% in local currency, according to its latest earnings release.

For the full year FY25, the Ireland-headquartered firm now expects revenue growth of 6–7% in local currency, while the foreign exchange impact is expected to be a positive 0.2%, per news reports.

Small finance banks: Shares will be in focus as, according to news reports, the Reserve Bank of India (RBI) on Friday reduced the mandated portion of lending that small finance banks have to extend to priority sectors such as agriculture and small businesses, lowering it by 15 percentage points.
DLF: India's largest realty firm, DLF Ltd, is set to enter the Mumbai housing market as it plans to launch a luxury housing project in the city worth about ₹2,500 crore in the next two weeks.

DLF will launch more than 400 homes in the first phase of its upcoming project, marking the company's entry into Mumbai's residential property market.

According to a PTI report, the company has got all regulatory approvals to launch this project, which will be developed in partnership with Delhi-based Trident Realty.

DLF has received RERA approval for its first premium residential project in Mumbai. The project, located in the suburb of Andheri, is expected to be launched within the next two weeks, they said.

Zen Technologies: Defence training and anti-drone solutions provider Zen Technologies on Sunday announced the acquisition of a majority stake in TISA Aerospace Pvt Ltd, a defence technology company specialising in indigenously developed loitering munitions and unmanned aerial vehicles.

The company did not reveal financial details of the deal.

Coal India: The decision on the timing of the IPO of Coal India arm CMPDIL is yet to be taken, and a call on the next course of action will be after the initial comments from markets regulator SEBI on the draft papers filed recently.

Coal Mine Planning & Design Institute Ltd (CMPDIL) had filed the draft red herring prospectus (DRHP) with SEBI last month.

Speaking to reporters during a press conference here, Chairman-cum-Managing Manoj Kumar on Sunday said, "The DRHP has been filed. The decision on the next course of action will be taken after the preliminary comment of SEBI."

Kumar was responding to questions on when the company is likely to go for the IPO.

SIS Ltd: SIS Ltd, a firm specialising in security, facility management, and cash logistics, is close to an acquisition, CEO Dhiraj Singh said, outlining the company's overall focus on enhancing digital and tech capabilities, driving organic growth, and maintaining financial discipline as part of its Vision 2030 roadmap.
Singh told PTI that SIS is close to acquiring a company in the security domain, which would strengthen its existing 'SISCO' platform that addresses markets currently targeted by mid-tier security companies. The acquisition is likely to close within a month.
SIP
Consistency beats timing.
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