Stocks to watch, June 30: HDFC Bank, Axis Bank, Bandhan Bank, SIS Ltd, YES Bank, infra stocks, EVs

The domestic stock market is expected to open in the green on Tuesday, June 30. The GIFT NIFTY futures suggest that the NIFTY50 index will open 23 points higher.

Kumar, who later served as the 25th Chief Election Commissioner of India, is also credited with setting a world record for overseeing the 2024 General Election, where the largest number of voters participated.

He would replace Atanu Chakraborty, who abruptly resigned citing ethical concerns in March.

Axis Bank, the third-largest private sector lender, said its CFO of six years, Puneet Sharma, has resigned to pursue the next phase of his professional journey.

Similarly, the microlender-turned-universal bank Bandhan Bank also announced that its CFO, Rajeev Mantri, has put in his papers.

The disclosures by the two banks come days after Bhavin Lakhpatwala, an HDFC Bank veteran, quit as the executive vice president at the largest private sector lender to join smaller rival RBL Bank as its CFO.

It is widely believed that Sharma is set to take over as the CFO of HDFC Bank after incumbent Srinivasan Vaidyanathan's term ends in October.

Axis Bank said Sharma will be relieved of his services on August 31 this year. Mantri is widely believed to take over Sharma's position as the CFO at Axis Bank.

The board of the company has "approved, in principle", a proposal to undertake a share buyback of up to ₹120 crore, SIS said in a late evening regulatory filing.

This will be "at a maximum price of ₹478.50 per equity share, representing a 10% premium to the closing price on June 25, 2026," it added.

The company estimates that around 25 lakh shares could be bought back under the proposed programme, although the final number may vary depending on the buyback price and other factors.

The company said the proposed buyback, which is subject to regulatory and shareholder approvals, will take the total capital returned by the company to shareholders through dividends and buybacks to around Rs 720 crore since its listing in August 2017.

In a regulatory filing, the bank said its board has approved a proposal to raise up to ₹7,500 crore through the issuance of equity securities via various permissible routes, subject to shareholder and regulatory approvals. The fundraise will be capped at a maximum equity dilution of 10%, including any potential conversion of convertible debt instruments.

The company is undertaking a buyback of up to 46.94 lakh fully paid-up equity shares of face value of ₹10 each at a price of ₹12,000 per share, payable in cash, for an aggregate amount of up to ₹5,632.8 crore, Bajaj Auto said in a regulatory filing.

The proposal was first passed by the company's board on May 6, 2026, and subsequently by shareholders by way of a special resolution through a postal ballot notice on May 14, 2026, the results of which were announced on June 18, 2026.

The opening date of the buyback will be July 1, 2026, and will close on July 7, 2026, the filing said.

On the rationale of the buyback, Bajaj Auto said the growth of its business, robust cash generation and strong balance sheet position allow it "to reward its shareholders from time to time, as in the current instance, while retaining sufficient capital for growth and investment opportunities".

Under the new policy, people buying e-two-wheelers will get a subsidy of ₹30,000 in the first year, ₹20,000 in the second year and ₹10,000 in the third year.

As part of the policy, only electric autorickshaws will be registered in Delhi from January 1, 2027, while registration of new petrol and CNG two-wheelers will be phased out, with only electric two-wheelers to be registered from April 1, 2028.