Raghunandan Money – Investment Khushiyon Ka.

STOCKS IN FOCUS (24th Jun 2026)

By: Naresh Sharma | Date : Jun 24, 26

STOCKS IN NEWS

  • IRFC: The Government of India will divest up to a 2% stake in IRFC through an Offer for Sale (OFS) on June 24–25, with an additional 1% greenshoe option. The floor price has been fixed at ₹91 per share.
  • Honasa Consumer: The company will acquire a 58% stake in nutraceutical firm Fluence Pharma at an enterprise value of ₹135 crore, marking its entry into the fast-growing health and wellness supplements segment.
  • PFC: The PSU has raised USD 300 million through a 5-year USD-denominated bond issue, priced at 105 basis points above the 5-year US Treasury, carrying a fixed coupon of 5.32% per annum.
  • GTPL Hathway: The company will acquire the cable television business of ACT Group for ₹36.23 crore in cash, strengthening its cable TV footprint.
  • Rajesh Exports: The Enforcement Directorate (ED) conducted searches at the company’s Bengaluru and Mumbai premises under FEMA. The company is already under SEBI scrutiny over alleged financial irregularities.
  • Tata Power: The Ministry of Power has directed the company’s 4,150 MW Mundra power plant to continue operating at full capacity for another three months, until September.
  • Tata Motors PV: The passenger vehicle business plans to invest up to ₹40,000 crore over the next five years, targeting a 20% domestic market share by FY31 through a significant increase in annual volumes.
  • Indian Hotels Company: The Tata Group hospitality company has signed a 30-key Tree of Life resort at Chilika Lake, Odisha, marking the brand’s entry into the state.
  • Tech Mahindra: The IT major has expanded its partnership with Telefonica Germany to develop a private cloud platform.
  • NLC India & IOCL: The two PSUs have formed a joint venture to develop large-scale green energy projects in Tamil Nadu.
  • Bajaj Auto: The company disclosed that a ransomware attack affected the systems of Bajaj Auto and its subsidiary Bajaj Auto Technology. Necessary precautionary measures have been initiated to mitigate the impact.
  • Swiggy: The company has partnered with Zerodha Fund House to enable delivery partners to invest a portion of their earnings into mutual funds through its rider app.
  • Infosys: Infosys has expanded its multi-year partnership with GlobalFoundries to deliver AI-led managed services across the semiconductor company’s enterprise IT operations.
  • Rashi Peripherals: The company has signed definitive agreements to acquire a 67% stake in VDA Infosolutions for ₹368.5 crore, subject to customary closing conditions.

BULK & BLOCK DEALS

  • Vedanta: Promoter entity Twin Star Holdings sold 6.5 crore shares (1.66% stake) worth ₹1,895.96 crore at ₹291.36 per share.
  • Delhivery: Nexus Ventures III sold 43.23 lakh shares (0.57% stake) for ₹207.97 crore at ₹481 per share. With this transaction, Nexus has reduced nearly 1.97% stake during the current quarter.
  • Sky Gold and Diamonds: Vikas Navratanmal Ganna and Jinesh Navratanmal Ganna jointly sold a 1.48% stake in the company.
  • DP Wires: Amitabh Harivansh Rai Bachchan sold 82,056 shares worth ₹1.64 crore in the company.
  • Craftsman Automation: Promoter Srinivasan Ravi sold 5.25 lakh shares (2% stake) for ₹485.62 crore. As of March 2026, he held a 40.15% stake in the company, while the promoter group’s total holding stood at 44.42%.

IRFC Announces Offer for Sale (OFS): 

The Indian Railway Finance Corporation (IRFC) has announced an Offer for Sale (OFS) starting June 24, 2026. Below are the complete transaction details, pricing, and bidding timeline for investors.

📊 Key Offer Details

ParameterDetails
Base Offer SizeUp to 13,06,85,060 Equity Shares (1% of total paid-up equity capital)
Oversubscription OptionAdditional 1% (Up to 13,06,85,060 shares)
Total Potential OfferUp to 2% of total paid-up capital
Floor Price₹91.00 per Equity Share
Previous Closing Price₹98.67 (OFS floor price is at a ~7.77% discount to previous close)
Retail / Employee DiscountNil

📅 Bidding Schedule & Timeline

The OFS will take place over a two-day window. Please note the specific allocation days for different investor categories:

Day 1: T-Day (Wednesday, June 24, 2026)

  • Eligible Investors: Exclusively for Non-Retail Investors.
  • Note: Unallotted non-retail bids can be carried forward to T+1 day, provided the investor explicitly indicates this option during bidding.

Day 2: T+1 Day (Thursday, June 25, 2026)

  • Eligible Investors: Designated for Retail Investors and Employees.
  • Note: Non-retail investors who chose to carry forward their unallotted bids from Day 1 can also modify or revise their bids on this day.

Investor Note: Retail allocation typically opens on the second day of an OFS. Ensure your trading account has sufficient margins before placing bids.

CORPORATE ACTIONS:

Security NameEx DatePurpose
BAJAJ-AUTO24-Jun-26Buy Back of Shares
BUILDPRO24-Jun-26Final Dividend – Rs. – 5.0000
KOTYARK24-Jun-26Bonus issue 10:1
WHEELS24-Jun-26Final Dividend – Rs. – 9.1400
ZFCVINDIA24-Jun-26Bonus issue 5:1
ABDL25-Jun-26Final Dividend – Rs. – 5.4000
ALKYLAMINE25-Jun-26Final Dividend – Rs. – 10.0000
ANTHEM25-Jun-26Final Dividend – Rs. – 2.0000
CARERATING25-Jun-26Final Dividend – Rs. – 14.0000
GICHSGFIN25-Jun-26Final Dividend – Rs. – 4.5000
INDUSINDBK25-Jun-26Final Dividend – Rs. – 1.5000
LALPATHLAB25-Jun-26Final Dividend – Rs. – 4.0000
LICI25-Jun-26Final Dividend – Rs. – 10.0000
MAWANASUG25-Jun-26Dividend – Rs. – 4.0000
NAM-INDIA25-Jun-26Final Dividend – Rs. – 12.5000
SJS25-Jun-26Final Dividend – Rs. – 3.5000
SONACOMS25-Jun-26Final Dividend – Rs. – 1.8000
SUPREMEIND25-Jun-26Final Dividend – Rs. – 25.0000
SYNGENE25-Jun-26Final Dividend – Rs. – 1.2500
UFLEX25-Jun-26Dividend – Rs. – 3.0000
VAIBHAVGBL25-Jun-26Final Dividend – Rs. – 1.5000
VISAKAIND25-Jun-26Final Dividend – Rs. – 1.2000
JYOTHYLAB29-Jun-26Final Dividend – Rs. – 3.5000
KAJARIACER29-Jun-26Buy Back of Shares
KANSAINER29-Jun-26Final Dividend – Rs. – 2.5000
KEDIACN29-Jun-26Reduction of Capital
KPIL29-Jun-26Final Dividend – Rs. – 11.0000
RAYMONDLSL29-Jun-26Final Dividend – Rs. – 1.0000
BAJAJFINSV30-Jun-26Final Dividend – Rs. – 1.5000
BAJAJHLDNG30-Jun-26Final Dividend – Rs. – 80.0000
BAJAJHLDNG30-Jun-26Special Dividend – Rs. – 50.0000
BAJFINANCE30-Jun-26Final Dividend – Rs. – 6.0000
MAHSCOOTER30-Jun-26Final Dividend – Rs. – 60.0000
PATINTLOG30-Jun-26Buy Back of Shares
WELCORP30-Jun-26Final Dividend – Rs. – 5.0000

Disclaimer:

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