The Indian equity markets are set for an active session on June 10 as investors eye a mix of strong corporate earnings, strategic acquisitions, and dividend plays amid a bullish macroeconomic backdrop. The RBI’s recent 50 basis points repo rate cut and CRR easing have further driven optimism across sectors, making certain stocks stand out as potential market movers.
Here’s a look at the key stocks to track tomorrow:
1) L&T Finance Holdings: Accelerating Growth Through Strategic Acquisition
L&T Finance Holdings (LTFH) has made headlines with its acquisition of Paul Merchants Finance’s gold loan business for Rs. 537 crore, a move expected to fast-track its growth in the secured retail loan segment by about three years. The acquisition adds 130 branches and nearly 98,000 customers, bolstering LTFH’s presence in 11 states.
The company’s Q4 FY25 results showed a 15 per cent year-on-year rise in consolidated net profit to Rs. 636 crore, supported by strong interest income growth. Analysts from Emkay Global and Motilal Oswal have upgraded LTFH, citing the acquisition and retailization strategy as growth catalysts. However, investors should watch for volatility as the market digests integration risks
2) Bajaj Finance and Bajaj Finserv: Consistent Performers to Watch
Bajaj Finance outperformed the market on June 9, climbing 2.51 per cent and sitting just 1.04 per cent below its 52-week high. Its strong loan book growth and healthy asset quality continue to attract investors.
Similarly, Bajaj Finserv gained 1.39 per cent, buoyed by its diversified financial services portfolio. Trading about 5.5 per cent below its yearly peak, the stock remains a favored pick among growth-focused investors.
3) Dividend Plays: NELCO and Tata Investment Corporation in Focus
June 10 marks the ex-dividend date for NELCO Ltd., which has announced a final dividend of Rs. 1 per share for FY25. Dividend-seeking investors are expected to drive trading volumes, though post-ex-date price adjustments are typical.
Tata Investment Corporation also goes ex-dividend with a substantial payout of Rs. 27 per share. The high yield makes it attractive for income investors, but a short-term price correction after the ex-dividend date could offer trading opportunities.
4) MCX: New Regulatory Approval Sparks Rally
The Multi Commodity Exchange of India (MCX) surged 5.34 per cent on June 9 following SEBI’s approval to launch electricity derivatives — a first for the Indian commodity market. This new product opens fresh revenue avenues and could sustain momentum if investor interest continues.
5) Capri Global Capital
The NBFC has launched a qualified institutional placement (QIP) of shares at a floor price of Rs 153.93 per share.
6) AstraZeneca
Dr Sanjeev Kumar Panchal has stepped down as MD of the pharmaceutical company.
Praveen Rao Akkinepally has been appointed MD at the drug maker.
7) HCLTech
HCL Technologies has started a delivery center in Thiruvananthapuram, Kerala, dedicated to projects across AI, GenAI, Cloud and emerging technologies to its clients across industry verticals.
8) ITD Cementation
The engineering and construction company has bagged a Rs 893-crore contract in Odisha.