Stocks to watch, June 9: Bharti Airtel, Vodafone Idea, NLC India, banks, HCLTech, JSW Energy, Grasim, SAIL

The domestic stock market is expected to open in the red on Tuesday, June 9. The GIFT NIFTY futures suggest that the NIFTY50 index will open 40 points lower.

The ruling is expected to provide relief of around ₹20,000 crore to telecom operators, including an estimated ₹11,000 crore for Vodafone Idea and ₹9,000 crore for Bharti Airtel, by quashing the one-time spectrum charge demands.

This is positive for the Indian IT stocks, as it removes a potential cost shock and Indian IT companies can continue their current mix of offshore work from India and onsite work in the US without disruption, which is a key reason they stay cost-competitive.

It said that starting June 1, the DENSTAR project will work to advance the licensure of the dengue vaccine DengiA/1 in sub-Saharan Africa (sSA) and to facilitate its broader global use.

“The four-year initiative is funded under the Global Health European & Developing Countries Clinical Trials Partnership 3 Joint Undertaking (GH EDCTP3 JU), supported by the European Union, and aligns with the EDCTP3 mission to combat Neglected Tropical Diseases (NTDs), including dengue fever, and seeks to reduce the disease burden across Africa,” the press release added.

The OFS opens for non-retail investors on Tuesday.

Foreign Currency Non-Resident (Bank) deposits are foreign currency term deposits maintained by non-resident Indians (NRIs).

Under the swap arrangement, a bank can sell US dollars in multiples of USD one million to the RBI and simultaneously agree to buy the same amount of US dollars at the end of the swap period, a central bank circular said.

This move is basically RBI trying to pull more long-term foreign money into India by making FCNR deposits more attractive and liquid for banks. For banking stocks. This is generally mildly positive for banks, especially large ones.

Located in Santa Clara, California, the AI Innovation Zone will enable global enterprises to scale AI applications across agentic, kinetic, and physical AI, according to a regulatory filing dated June 8.

The AI Innovation Zone, as per the company, will provide a “dedicated environment” for HCLTech and its clients to design, build, and deploy AI-driven workflows, advance robotics-led innovation, and “translate AI capabilities into real-world, industry-specific solutions that deliver measurable business outcomes”.

The AI Innovation Zone will be enabled by Gemini Enterprises, according to the filing.

The development assumes significance as the company is executing a massive Rs 7,189 crore capital expenditure programme to increase its mining capacity by three times.

The ambitious roadmap aims to boost ore production to meet surging domestic demand from renewable energy, electric vehicles, and AI infrastructure.

In a filing to the BSE, the company said, "The Ministry of Mines has conveyed the appointment of Anupam Misra, Director (Marketing), Fertilisers and Chemicals Travancore Ltd (FACT Ltd), to the post of Chairman & Managing Director (CMD), Hindustan Copper Ltd (HCL) w.e.f. The date of his assumption of charge of the post on or after 01.07.2026, till the date of his superannuation, i.e., 28.02.2030, or until further orders, whichever is earlier.”

Misra will succeed current CMD Sanjiv Kumar Singh, who is set to retire on June 30.

The company currently operates an installed wind energy capacity of 3.9 GW, a company statement said.

It has 6.5 GW of locked-in hybrid capacity, where wind is an integral component, and 2.4 GW of plain-vanilla locked-in wind projects, making it one of the largest wind power players in the country, it added.

To support its future wind energy growth plans, it has commissioned a wind blade manufacturing facility at Halol, Gujarat, with another plant in advanced stages of commissioning in Chitradurga, Karnataka.

The now fully commissioned Halol facility has an annual production capacity of up to 450 wind blades, equivalent to 600 MW of wind projects. The plant will manufacture 82-metre wind blades compatible with 4 MW wind turbine generators.

The country's largest steel player said that it has outlined its strategic priorities for FY27, building on the strong momentum of FY26.

"Going forward, our emphasis will remain on customer focus, cost optimisation, and expanding our portfolio of special steels to support India's growing infrastructure and industrial needs. At the same time, we will continue to reduce working capital borrowings, which have already contributed to a significant improvement in profitability," SAIL Chairman and Managing Director Ashok Kumar Panda said.

Indraprastha Gas: Indraprastha Gas Ltd (IGL), India's largest city gas distributor, said on Monday that Kumar Shanker has assumed charge as its managing director.

He succeeds Kamal Kishore Chatiwal, who has returned to the parent company, GAIL (India) Ltd, after a three-year stint.

Shanker, a chemical engineer from BITS Pilani, brings more than three decades of experience in India's oil and gas sector, spanning natural gas processing, petrochemicals, project management, corporate strategy, marketing, regulatory affairs, and city gas distribution, IGL said in a statement.

Prior to joining IGL, he served as managing director of Maharashtra Natural Gas Ltd (MNGL), where the company emerged as one of India's top-five city gas distributors in terms of growth, profitability, and expansion of domestic piped gas infrastructure.

The Board of Directors of Grasim Industries, a global leader in cellulosic fibres, in a meeting on Monday, approved a capex of ₹3,094 crore to expand Lyocell capacity at Harihar, Karnataka.

This will be financed through a "mix of internal accrual and borrowed funds."

It will support Grasim to participate in the growing global demand for sustainable and high-performance textile materials.

Lyocell is a semi-synthetic fibre widely used across apparel, home textiles, and technical textile applications.

The 12 states include Andhra Pradesh, Telangana, Karnataka, Maharashtra, Uttar Pradesh, Madhya Pradesh, West Bengal, Tamil Nadu, Odisha, Rajasthan, Chhattisgarh, and Gujarat.

"These model villages will empower farmers to adopt balanced nutrition practices and achieve sustainable productivity gains," said Madhab Adhikari, Senior Vice President & Head -- Sales and Marketing (Fertilizers and SSP), Coromandel International.