Stocks to watch, June 29: HDFC Bank, REC, PFC, Persistent Systems, Kotak Bank, Waaree Energies, Pricol

The domestic equity market is expected to open lower on Monday, June 29. The GIFT NIFTY futures suggest that the NIFTY50 index will open 11 points lower.

Under the proposed scheme, Astral Chemie will be demerged from Astral Ltd, while Al-Aziz Plastics will be amalgamated with Astral Ltd.

The company said the restructuring is aimed at streamlining its corporate structure and is expected to be in the best interests of the companies and their respective shareholders, creditors, employees and other stakeholders.

Persistent and Nagarro are a "perfect strategic fit", combining Persistent's AI-led engineering leadership, North American scale and partnership depth with Nagarro's European business, complementary verticals, AI expertise, and ERP and CX (customer experience) delivery, according to a release.

The combination would be a USD 2.9 billion AI-led engineering juggernaut with 46,000-plus employees in more than 40 countries, including about 37,000 in India, nearly 3,500 in North America, and around 3,000 in Europe, the release said.

"Galaxy Germany Holding SE, a wholly-owned direct subsidiary of Persistent Systems Limited, today announced a voluntary public takeover offer for all outstanding shares in Nagarro SE at a cash consideration of EUR 81 per share," it said.

Prestige Estates achieved record sales bookings of ₹30,024 crore during the 2025-26 fiscal, up 76% from the preceding year.

He mentioned that the company follows the completion method for recognition of revenues. This means that revenue gets recognised once the real estate project gets completed.

Veteran banker Vaswani assumed charge as the managing director (MD) and CEO of the bank on January 1, 2024. He had worked with Barclays and Citigroup previously.

Ashok Vaswani, Managing Director & CEO of the bank, has informed the board that, for personal reasons, he does not wish to seek re-appointment upon completion of his current term on December 31, 2026, Kotak Mahindra Bank said in a regulatory filing.

The bank said the review, announced on March 24, examined whether any concerns flagged by Chakraborty were evident from the records, whether he had recorded any dissent during his tenure, and whether such dissent, if any, had been addressed.

Chakraborty resigned as chairman of the country's second biggest lender, HDFC Bank, citing ethical concerns. This was the first time that a part-time chairman of HDFC Bank left mid-way, raising concerns over its functioning.

In the NSE filing, the company also said that with the 150 MW capacity operationalisation to its existing capacity, Adani Green Energy’s total operational renewable generation capacity hit 19,985.8 MW or nearly 20 gigawatts (GW).

It also acknowledged the company's full cooperation during the investigation and declined the petitioner's request to extend any evasion finding to all of Waaree's imports.

According to Waaree, the CBP's determination is limited to a narrow subset of certain historical import entries and does not constitute a final adjudication.

The company added that it has the right to seek a de novo administrative review, followed by judicial review before the U.S. Court of International Trade. It is currently evaluating all available legal remedies in consultation with its US trade counsel.