Stocks to Watch for June 16: Vedanta, Sun Pharma, Syngene, Nazara Technologies, ITC and more

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Sun Pharma | Sun Pharma confirmed a US FDA inspection at its Halol facility from June 2–13, which ended with the regulator issuing a Form 483 carrying eight observations. The site is already under an import alert following a 2022 warning letter. Halol is one of Sun Pharma’s largest facilities.

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Vedanta | Anil Agarwal-owned mining conglomerate will be holding a board meeting on Wednesday, June 18, to consider an interim dividend proposal. This will be the first such proposal that the company will be considering for the financial year 2026. The record date for the said interim dividend has been fixed as Tuesday, June 24.

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SpiceJet | SpiceJet reported its highest-ever quarterly profit at ₹319 crore in Q4 FY25—up 12x from the previous quarter—driven by strong yields and cost control. The airline also turned profitable for the full year with ₹48 crore net profit, its first since FY18. Load factor stood at 88.1% and EBITDA more than doubled. Promoters infused ₹500 crore equity, further boosting financials.

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Syngene International | Leading contract research and manufacturing organisation said it has received the Establishment Inspection Report (EIR) from the US Food and Drug Administration (FDA) following a routine inspection of its GMP manufacturing facilities at Biocon Park, SEZ, Bengaluru. The inspection, which took place between February 10-20, concluded with a classification of voluntary action indicated (VAI).

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Nazara Technologies | Ace investor Rekha Jhunjhunwala continues to pare her stake in Nazara Technologies. On Friday, June 13, Jhunjhunwala sold over a 3% stake in the company through bulk deals on both the BSE and NSE. According to exchange data, she offloaded 13 lakh shares on the BSE at an average price of ₹1,225.19 per share, and another 14 lakh shares on the NSE at ₹1,225.63 apiece.

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Birla Corporation | MP Birla Group’s flagship firm said it has been declared the preferred bidder for the Gourum Khan Ki Dhani (South) limestone block in Jaisalmer, Rajasthan, following a successful bid in the state’s e-auction process. The government of Rajasthan’s director of mines and geology, through a notification dated June 12, 2025, confirmed the company’s selection for the grant of a mining lease over the block located in Jaisalmer district.

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Infosys | India’s second-largest IT services company said it has scheduled a two-day meeting of its board of directors on July 22 and 23, 2025, to consider and approve its financial results for the quarter ended June 30, 2025, marking the first quarter of the FY26 financial year. The financial results will be formally presented to the board on July 23 for final approval.

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NTPC | The company announced the commencement of commercial operations for Unit-3 (660 MW) of its North Karanpura Super Thermal Power Project (3×660 MW), effective from 00:00 hours on June 15, 2025. With this, NTPC’s total standalone commercial capacity has increased to 60,266 MW, while its group capacity has reached 81,368 MW.

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ITC | The company announced that it has completed the acquisition of a 100% equity stake in Sresta Natural Bioproducts Private Limited (SNBPL) for ₹400 crore. The deal involves the purchase of 1,87,48,858 equity shares of ₹10 each. With this acquisition, SNBPL has become a wholly owned subsidiary of ITC, while its overseas subsidiaries—Fyve Elements LLC, USA, and Sresta Global FZE, UAE—have become step-down wholly owned subsidiaries of the company, effective June 13, 2025.

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Bajaj Finance | The company will begin trading ex-bonus and ex-stock split from Monday. Along with its quarterly results, Bajaj Finance had announced the issue of four bonus shares for every one share held, while also announced that it will split one share of ₹2 into two shares of ₹1.