Summary:
Several stocks are expected to remain active in today's trading session due to key corporate developments. Lenskart is in focus after reports of a major block deal, while Zee Entertainment approved a ₹2,300 crore fundraising plan. Power Grid, Vascon Engineers, Deccan Gold Mines, and select banking stocks also announced significant business updates that could influence investor sentiment.
There are certain stocks which could witness sustained focus today based on business updates, fundraising activities, strategic tie-ups, and contract wins.
Lenskart Solutions: Share Sale in Spotlight
Lenskart Solutions could witness investor focus following media reports that Platinum Jasmine, which is owned by Abu Dhabi Investment Authority, may be selling 2.3% stake in the company via a block deal for approximately ₹1,944 crore. The sale is understood to be priced at a floor price of ₹486 per share. As per details available up to March 2026, Platinum Jasmine had held 12.08% in the eyewear retail chain.
Vascon Engineers: Bags ₹347 Crore CPWD Contract
Vascon Engineers was awarded a contract by the Central Public Works Department (CPWD). The company received a Letter of Intent worth ₹347.43 crore for the demolition and redevelopment of RBI residential quarters at Zoo-Narengi Road Colony in Guwahati, Assam. The project is being undertaken in EPC mode.
Zee Entertainment: Approves Raising Funds
Another stock that could draw investor focus is Zee Entertainment Enterprises, following the approval of raising funds amounting to at least ₹2,300 crore by its board.
Deccan Gold Mines: Expanding Operations in Spain
In terms of mining, the firm entered the Logrosan Tungsten Project in Spain. The company has signed a deal to make an investment of €1.76 million to obtain a 51% stake until March 2027, and in the future, there will be an opportunity to increase ownership. This decision is a notable step to expand the operations in foreign countries.
PPAP Automotive: Partnering with Hutchinson
PPAP Automotive has formed a partnership with Hutchinson to produce the latest body sealing systems for automobiles in India. In such a way, through the partnership, PPAP will benefit from Hutchinson's technical know-how and engineering services.
Power Grid Corporation Approves Upgrading of Systems, Appoints New CFO
The Power Grid Corporation of India made various announcements. The board approved the upgrading of SCADA along with related systems at an expected cost of ₹485.04 crore. The board also approved an unsecured term loan facility of JPY 80 billion from JBIC and other banks. In addition to that, Venkata S V will join the organisation as its new Chief Financial Officer from July 1.
Banking Stocks in the Spotlight
On the stock front, Central Bank of India and Punjab National Bank have emerged as two stocks of importance following their revision of the rates for the FCNR(B) deposit program. While the Central Bank of India hiked the interest rate on FCNR(B) deposits by up to 253 basis points, the Punjab National Bank is offering a maximum of 6.10% per annum and expects to raise around $2.5 billion under the program.
Following the above developments in the corporate world, traders may take note of these stocks in the coming trading session.
