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  1. Stocks to Watch, June 24: Devyani International, Dixon Tech, Sona BLW, oil-sensitive stocks, Bondada Engg, H.G. Infra, GAIL

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Stocks to Watch, June 24: Devyani International, Dixon Tech, Sona BLW, oil-sensitive stocks, Bondada Engg, H.G. Infra, GAIL

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5 min read | Updated on June 24, 2025, 08:06 IST

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SUMMARY

Stocks to Watch: Dixon Technologies (India) promoter Sunil Vachani on Monday divested a 2.77% stake in the homegrown contract manufacturer for over ₹2,221 crore through an open market transaction.

Stock list

Stocks to Watch

The GIFT NIFTY futures suggest that the NIFTY50 index will open 243 points higher. | Image: Shutterstock

Stocks to Watch: The domestic equity market will likely open in the green on Tuesday, June 24. The GIFT NIFTY futures suggest that the NIFTY50 index will open 243 points higher.
Here is a list of stocks that may remain in focus today.
Dixon Technologies: Dixon Technologies (India) promoter Sunil Vachani on Monday divested a 2.77% stake in the homegrown contract manufacturer for over ₹2,221 crore through an open market transaction.

According to the bulk deal data on the BSE, Sunil Vachani, Chairperson of Dixon, offloaded 16.70 lakh shares, or a 2.77% stake, in Noida-based Dixon Technologies.

The shares were disposed of at an average price of ₹13,301.47 apiece, taking the deal value to ₹2,221.34 crore.

Sona BLW Precision Forgings: Auto components major Sona BLW Precision Forgings on Monday announced the appointment of Jeffrey Mark Overly as its Chairman.

The board of directors, at its meeting held on June 23, 2025, appointed Overly, an independent director since February 12, 2021, as the Chairman of the company, Sona BLW Precision Forgings Ltd (Sona Comstar), said in a regulatory filing.

His appointment comes after the death of the company's Chairman, Sunjay Kapur, last week.

The board also approved the designation of the late Sunjay Kapur as Chairman Emeritus, the filing said.

Larsen & Toubro (L&T): Engineering and construction conglomerate Larsen & Toubro (L&T) announced on Monday the listing of the country's first environmental, social, and governance bonds on the NSE, raising ₹500 crore through debentures.

In a filing to BSE, the company said it "has listed India's first ESG bonds on the National Stock Exchange (NSE), setting a precedent for a greener and more sustainable financial future in India".

The company said it has raised ₹500 crore through non-convertible debentures (NCD) at a coupon rate of 6.35%.

Crude oil-sensitive stocks: Shares of oil-producing companies, OMCs, paints and adhesives, aviation, and tyre companies will be in focus as crude oil prices tumbled on Tuesday to their lowest level in more than a week as US President Donald Trump said a ceasefire has been agreed between Iran and Israel, relieving worries of supply disruption in the area.

"Brent crude futures fell $2.69 or 3.76% to $68.79 a barrel as of 0006 GMT, after falling more than 4% earlier in the session and touching its lowest level since June 11," said a Reuters report.

GAIL: State-owned gas utility GAIL (India) Ltd on Monday said it will invest ₹844 crore in expanding Dahej-Uran-Dabhol-Panvel natural gas pipeline capacity to meet increased energy demand.

The DUPL-DPPL network, the name for the Dahej-Uran-Dabhol-Panvel natural gas pipeline network, currently has a capacity of 19.9 million standard cubic metres per day. This is being expanded to 22.5 mmscmd, GAIL said in a stock exchange filing.

GAIL said the pipeline capacity will be added in three years.

Reliance Infrastructure: Reliance Infrastructure on Monday said its wholly owned subsidiary JR Toll Road Private (JRTR) has paid the entire debt settlement amount of Rs 273 crore to Yes Bank Ltd (YBL).

Reliance Infrastructure, in a regulatory filing, said the agreement has also resulted in a full settlement/discharge of the company's obligation as a guarantor for the said loan on behalf of JRTR.

YBL does not hold any shares in the company and is neither a related party nor part of the promoter group, it added.

Colgate-Palmolive (India): The FMCG major plans to introduce more brands here from the company's global portfolio to upscale its play in India – one of the drivers for its growth, MD & CEO Prabha Narasimhan said on Monday.

The company, having a presence in the country with two brands – Colgate and Palmolive – currently operates in oral care and personal care and is in "active ongoing conversation" with the parent firm for expanding the portfolio.

Bondada Engineering: The company has received a work order from Microsoft India. The work order is regarding operations of the data centre at Hyderabad, India. The order size is ₹2.71 crore.
H.G. Infra Engineering: The company has been declared the lowest bidder for the creation of an Integrated Material Handling Facility at the Naval Dockyard in Mumbai (ND (MBI)) by Military Engineer Services (MES) in Maharashtra.

The order size is ₹117.77 crore.

Garware Technical Fibres: The company on Monday announced that its wholly owned UK-based subsidiary, Garware Technical Fibres UK Private Limited, has entered into a definitive Share Purchase Agreement (SPA) to acquire Offshore & Trawl Supply AS (OTS), a Norway-based provider of advanced synthetic cordage solutions for the offshore oil & gas, aquaculture, marine and commercial fishing industries.

"The acquisition marks a key milestone in GTFL's global growth journey and reinforces its commitment to delivering innovation-led, high-performance solutions to customers worldwide," the company said.

Devyani International: The company said it would acquire further shares of Sky Gate for a cash consideration of up to ₹106.25 crore. Currently, Devyani International holds around 80.72% equity stake, on a fully diluted basis, in Sky Gate. Subsequent to the proposed investment, the company’s equity stake would increase to nearly 86.13%, on a fully diluted basis.
Enviro Infra Engineers: The company, which is an EPC player in water & wastewater treatment across PAN India, has secured new project awards worth ₹306.30 crore.
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