TCS, Zee Ent, DOMS Industries among buzzing stocks as SENSEX gains over 200 pts, NIFTY above 23,200

The Indian benchmark indices, SENSEX and NIFTY50, recovered from their day’s low and were trading in the positive territory during the afternoon session on Thursday, June 11, amid value buying and firm global cues.

While the indices opened in the red, they recovered and were trading in the green zone. The SENSEX advanced as much as 0.5% to hit an intraday high of 74,380.22. Meanwhile, the NIFTY50 touched the session’s high of 23,324.25.

At 12:52 PM, the S&P BSE SENSEX gained 256.72 points, or 0.35%, to trade at 74,239.90. NSE’s NIFTY50 stood at 23,280.20, reflecting a 65.25 points, or 0.28% increase.

Buzzing stocks on June 11: Check list

Sugar stocks such as Balrampur Chini Mills, Triveni Engineering and Industries, Dhampur Sugar, and a few more were trading higher on Thursday, June 11, after the government waived excise duty on variants of ethanol-blended petrol.

According to the finance ministry notification, the duty waiver is applicable to E22, E25, E27, and E30 variants of petrol. The ministry further said excise duty will be ‘nil’ on petrol with a 22%, 25%, 27%, and 30% ethanol blend.

In another notification, the government exempted the same categories of ethanol-blended petrol from the additional duty of excise levied as road and infrastructure cess, with the applicable rate fixed at nil.

Ethanol mixed with petrol in a 90:10 ratio helps reduce tailpipe emissions, resulting in fewer carbon emissions. Due to these benefits, the government has made it mandatory to use this ratio in blended fuel. Further, they are planning to increase this ratio from 90:10 to 90:20 in the near future. This would skyrocket the ethanol demand and its prices, thus propelling ethanol and sugar stocks. It will provide a tremendous opportunity not only for sugar manufacturers and alcohol producers but also for common investors of ethanol stocks in India.

Shares of REC and Power Finance Corporation (PFC) declined on Thursday, as the former received Presidential approval for its proposed merger into PFC.

In a regulatory filing dated Wednesday, REC stated that the Ministry of Power, vide its letter dated June 10, 2026, conveyed the approval of the competent authority in respect of the aforesaid proposal (REC’s merger into PFC).

“In compliance with the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation of REC's earlier intimation dated May 16, 2026, whereby the Company had intimated the decision of the Board of Directors to reserve the proposal for merger of REC into PFC, for approval of the Hon'ble President of India,” the filing read.

The stock of Zee Entertainment gained as much as 4.73% to hit an intraday high of ₹107.80 per equity share on the National Stock Exchange (NSE) on Thursday, June 11, as it announced that its board of directors approved its plan of raising a minimum of ₹2,300 crore in capital.

According to a regulatory filing, the fundraiser will be done in one or more phases or tranches to fund the strategic and business initiatives. Additionally, its board decided to further deliberate on options for raising funds.

Shares of Allied Blenders and Distillers Limited (ABDL) rose as much as 5.65% on Thursday, June 11, after its whisky brand ICONiQ White Whisky earned global recognition as it was named the world's fastest-growing millionaire whisky brand for the third consecutive year in Drinks International's Millionaires' Club 2026 report.

Allied Blenders, in a press release, said that its ICONiQ White topped the Fastest Growing Whiskies ranking globally and emerged as the second fastest growing spirits brand across all categories worldwide.

"Having entered the Millionaires' Club in 2023, ICONiQ White has more than doubled its volumes each calendar year, making it one of the most compelling growth stories in the global spirits industry. The report describes the brand’s growth trajectory as one that has 'made history. ICONiQ White continues to demonstrate strong growth momentum, achieving its highest-ever monthly sales and crossing the 1 million cases milestone in a single month in May 2026," ABDL said.

Vascon Engineers' stock rallied 5% to hit the upper circuit of ₹34.73 apiece on Thursday, June 11, a day after the company said that it has secured an EPC order from the Government of India.

Worth ₹347.43 crore, including GST, the order includes the demolition and redevelopment of the Reserve Bank of India (RBI) quarters at Zoo-Narengi Road Colony in Guwahati, Assam.

The company further stated, in a regulatory filing, that the work has been awarded on an EPC basis and is expected to be completed within 36 months from the date of receipt of the order.

“The aforesaid work doesn’t fall under the ambit of Related Party Transactions,” Vascon Engineers said in the regulatory filing.

Shares of Doms Industries climbed as much as 7.33% to hit an intraday high of ₹2,273.90 per unit on the NSE on Thursday, after the company entered into an agreement to buy Reynolds Pens India Limited.

Doms Industries post market hours on Wednesday said that it has entered into an asset purchase agreement (APA) with Reynolds Pens India Private Limited Sanford, L.P., Luxembourg Brands, Newell Europe, NWL Valence Services S.A.S. and NWL Switzerland for the acquisition of certain assets, relevant contracts, employees and intellectual property and associated identified liabilities relating to the manufacture and sale of pens, markers, highlighters and school supplies under the Reynolds brand.

After the completion of the deal company will grant Reynolds a royalty free license to use the ‘Reynolds’ brand as part of RPI’s corporate name and for ancillary purposes; and SLP will grant the Company, a royalty free license to use the ‘Paper Mate’ brand in order to fulfil the Company’s obligations under certain license agreements to be novated in favour of the Company; in each case on terms and conditions set out in detailed license agreements that will be signed on Completion.

The stock of Eternal declined a day after the firm disclosed that Andhra Pradesh authorities for goods and service tax (GST) have imposed a ₹9.63 crore penalty, according to an exchange filing.

As per the NSE filing, Eternal received a total GST penalty demand order of ₹9,63,12,704 or around ₹9.63 crore, which comprises an original amount of ₹6.48 crore, with an interest of around ₹2.49 crore, and a penalty of ₹64.87 lakh.

“This is to inform that the Company has received an order on June 09, 2026, for the period April 2023 to March 2024, passed by Deputy Commissioner (ST), State Special Circle-I, Andhra Pradesh, confirming the demand of GST,” according to the exchange filing.

The company plans to contest the GST demand order before the appropriate authorities.

Shares of Tata Consultancy Services (TCS) dropped amid a sell-off in IT stocks. The company partnered with Anthropic on Thursday, June 11, to equip 50,000 employees across engineering, finance, legal, marketing, and sales with Claude through enterprise-wide licensing.

The partnership also aims to help customers scale enterprise AI adoption. TCS, in a statement, said that it will set up a dedicated business unit focused on delivering strong customer value propositions, joint industry solutions and deep artificial intelligence (AI) expertise on the Claude family of models through early access to Claude models.