Stocks To Watch, June 30: Tata Steel, Torrent Pharma, Hindustan Aeronautics, RIL, ITD Cementation, BHEL, Mazagon Dock

On a weekly basis, the 30-share SENSEX rose 2% or 1,651 points to settle at 84,058.90, while the NIFTY50 index climbed 2.09% or 525 points to close the session at 25,638.

Both the benchmarks surged to their highest level in over nine months, data from stock exchanges showed. The sharp rise in benchmarks came after geopolitical tensions eased in the Middle East, triggering a rally in global markets.

Torrent will acquire a 46.39% stake from promoters Tau Investment Holdings Pte Ltd (a unit of a global investment firm) for about ₹11,917 crore. It would additionally buy another 2.80% from certain employees of JB Chemicals at the same acquisition price of ₹1,600 per share (totalling ₹719 crore).

Post this, it would make an open offer for buying 26% from the open market, as per listing norms, at a price of ₹1,639.18 per share (totalling ₹6,842.8 crore).

$52.96 million (i.e., approximately ₹452 crore). Upon completion of the proposed acquisition, CDPLC will become a subsidiary of the company.

According to the notice received on Saturday, the steel major is required to show cause before the Additional/Joint Commissioner of Central GST & Central Excise, Jamshedpur, Jharkhand, within 30 days "as to why the Goods and Service Tax (GST), amounting to Rs 1007,54,83,342 for the period FY2018-19 through FY2022-23, shall not be demanded and recovered from the company", Tata Steel said in a stock exchange filing.

The final dividend of ₹15 per equity share of ₹5 each fully paid-up (at 300%) will be subject to shareholder approval at the ensuing annual general meeting (AGM), HAL said in a regulatory filing.

The Bank’s Executive Director, Sekhar Rao, has also submitted his resignation, citing inability to relocate to Mangaluru and other personal reasons. The resignation has been accepted by the Board and will be effective from July 31, 2025.

The Navratna PSU firm received a letter of award (LoA) for the supply of equipment, including a steam turbine generator, along with auxiliaries. Furthermore, BHEL will be responsible for supervising the commissioning and erection of the six thermal units, the company said in a regulatory filing.

The pact was inked for a broad consideration of ₹6,500 crore, which excludes GST and will be enacted as per Adani Power’s project requirements, the statement further added.

The contract is for the building of a jetty for the Ruwais liquefied natural gas (LNG) project in Abu Dhabi.

The Ruwais LNG project is a large-scale LNG export facility being developed in the Al Ruwais Industrial City. It will be the first LNG export facility in the Middle East and North Africa region (MENA) to operate on clean power.

The company has recently secured two mega power projects in Bhutan – a 500-MW solar project and a 770-MW hydropower project.

Based on the outcome of the ongoing international bids, Reliance Power plans to relocate two 750 MW modules of world-class equipment currently in its possession in India.

The company, in a regulatory filing, informed that it is taking appropriate steps to pursue legal remedies before the appropriate authority in this regard.

The show cause notice, dated June 28, 2025, was issued by the State Tax Officer, Anna Salai Central III, Chennai, Tamil Nadu.

NTPC Renewable Energy is an arm of NTPC Green Energy, which is a subsidiary of NTPC Ltd.

The company has recently launched a premium residential project, 'Cloverdale', comprising 770 apartments, on Southern Peripheral Road (SPR), Sector 71, Gurugram.

Signature Global emerged as the fifth largest listed real estate developer last fiscal year in terms of sales bookings by achieving record pre-sales of ₹10,290 crore.

The Gurugram-based company has given guidance of posting ₹12,500 crore worth of pre-sales in the current fiscal.