Stock to watch: Shares of HCL, Inox Wind, JSW Infrastructure, TVS, and Ultratech Cement in focus

GIFT Nifty index, on Friday (June 28) around 8:35 am, was up 70 points or 0.29 per cent at 24,206 points. It hinted at a positive start for the Indian stock market on the last trading day of the month.

The India VIX, an indicator of volatility on Dalal Street, was up 0.77 per cent at 14.15 points.

Global cues remained positive. In the US, all three major indices- Nasdaq, Dow Jones, and S&P 500, recorded narrow gains after a choppy trading session. Asian stocks gained, headed for a fifth consecutive month of rise.

Ahead of the opening bell, here’s a list of stocks to watch today:

TVS Motor Company: The company has incorporated a subsidiary called TVS Motor Company DMCC in the United Arab Emirates. According to an exchange filing made on Thursday, the subsidiary has been incorporated to carry out consultancy research and studies on ways to improve business performance in Middle East and African markets.

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Inox Wind: Inox Wind has incorporated a subsidiary called Pokhran Wind Energy. The subsidiary has been created as a special purpose vehicle (SPV) to develop wind farms in India.

JSW Infrastructure: The company has announced two major developments on Thursday (June 27). Firstly, JSW Infrastructure has received Letter of Acceptance (LoA) from Southern Railway, Chennai Division for the “Contract for Construction & Operation of Gati Shakti Multi-Modal Cargo Terminal (GCT)” at Arakkonam, Chennai. The company’s subsidiary, JSW Ports Logistics, is set to acquire 70.37 per cent stake in Navkar Corporation.

HCL Tech: HCL Technologies is likely to sell 0.46 per cent of its equity stake through a block deal for Rs 1,757 crore on June 28, according to sources who spoke to CNBC-TV18. The floor price for the block deal is expected to be Rs 1,414.9 per share, which represents a 2.75% discount to the current market price.

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Ultratech Cement: the Aditya Birla Group company, the largest one manufacturing cement in India, on Thursday announced that its board has approved the acquisition of a nearly 23 per cent stake in India Cements.