Stocks to Watch, June 27: Tata Power, HDFC Bank, Mahindra Life, Hitachi Energy India, Bharti Airtel, Swaraj Engines

Besides, HDFC Mutual Fund (MF), Axis MF, Tata MF, ASK Asset & Wealth Management, Hill Fort Capital and Hong Kong-based investment manager Viridian AM purchased shares of the Gurugram-based Delhivery, as per the block deal date.

The entities picked over 1.19 crore equity shares, or a 1.6% stake in the company at an average price of Rs 387, taking the combined value to ₹461 crore.

US-based Capital Group, through its affiliate New World Fund, Inc., purchased 20.94 lakh shares, or a 0.52% stake, in Mumbai-based 360 ONE WAM, as per the bulk deal data on the BSE.

The transaction was valued around ₹245.02 crore, executed at an average price of ₹1,170 apiece.

PB Fintech's chief executive Dahiya and vice chairman Bansal sold a total of 50.50 lakh shares, or a 1.09% stake, in the company.

PB Fintech is the parent of insurtech platform Policybazaar and fintech platform Paisabazar.

Meanwhile, the shares were picked up by a domestic mutual fund entity, insurance companies, and foreign investors.

The entities that purchased a stake are Tata Mutual Fund, Edelweiss Life Insurance, HDFC Life Insurance, ICICI Prudential Life Insurance, and Mumbai-based Subhkam Ventures.

The project spans across a 3.08-acre land parcel and has an estimated development value of approximately ₹1,250 crore.

The required transformers will be manufactured at Hitachi Energy India's power transformer factory in Maneja, Vadodara, Gujarat, according to a statement.

UHV AC 765 kV transformers will enhance the Powergrid's security, reliability, and efficiency, helping to meet increasing energy demands, the statement said.

The financial details of the order were not disclosed.

The company has filed for a licence across key growth regions, including parts of Mumbai, Pune, Sambhaji Nagar and Nashik, they added.

It can be noted that through amendments made to the Electricity Act, private distribution companies are allowed to apply to serve various parts.

However, they were hesitant to apply due to the high investments required for setting up such infrastructure.

Bharti Airtel, in a regulatory filing, has countered the charges and said that it will take appropriate action for its rectification and reversal.

Meanwhile, in a separate development, Bharti Airtel on Thursday said its advanced fraud detection system has protected over 3.5 million users in Delhi-NCR within 43 days of the launch of the new tool.

The statement assumes significance given the rising instances of digital frauds where unsuspecting users are lured online and deceived by scamsters leveraging advanced techniques, malicious links and fake profiles.

This property will feature 135 well-appointed suites, a restaurant, a banquet, a lounge, a meeting room, a swimming pool, a fitness centre, a spa and other public areas, the company said.