Stocks to Watch Today: Tata Steel, Hindustan Zinc, RailTel, ACME Solar and more

Markets may see stock-specific action today as investors track open offers, QIP share listings, order wins, management changes and business updates.

Restaurant Brands Asia

Open offer by Inspira Enterprise and other investors opens today. The offer will remain open from June 8 to June 19. The offer price has been fixed at Rs 70.39 per share and covers 20.8 crore shares.

ACME Solar Holdings

Around 10 crore shares allotted to qualified institutional buyers through the recent QIP will be listed on the stock exchanges today.

Ola Electric Mobility

About 21.75 crore shares allotted to institutional investors under the company's QIP will be listed today.

IGL / MGL

Domestic LPG cylinder prices were increased by Rs 29 from June 7. In Delhi, the price has gone up from Rs 913 to Rs 942 per cylinder. The price hike could keep city gas distribution companies in focus.

Tata Steel

The company clarified reports regarding a fire at its UK facility. The fire occurred at the pickle line of the Port Talbot plant. No injuries were reported and all employees were safely evacuated. The company is assessing the operational and financial impact and is making alternative arrangements to meet customer requirements.

Hindustan Zinc

The company clarified media reports related to a possible government stake sale. It said it has no information regarding any such proposal. Separately, Hindustan Zinc signed an MoU with TERI for a 250-hectare ecological restoration project in Rajasthan. The project aims to create one of the largest green cover areas within an industrial complex.

RailTel Corporation of India

RailTel received a work order worth Rs 41.32 crore from the Uttar Pradesh Police Recruitment and Promotion Board. The contract is related to providing security support services during recruitment examinations.

JK Cement

The company has executed a mining lease in Singrauli, Madhya Pradesh. The mining area covers around 981.75 hectares.

Andhra Cements

The board has approved the merger of the company with Sagar Cements.

ASM Technologies

The board approved a proposal to raise up to Rs 500 crore through equity shares or other securities.

Amber Enterprises

Subsidiary IL JIN Electronics has entered into a strategic partnership with Singularity. As part of the deal, a new company, ILJIN Technologies, has been formed. The company will focus on electronics products for the medical, defence and aerospace sectors. IL JIN Electronics will hold a 60 per cent stake in the new venture.

Reliance Infrastructure

The company has requested Sebi, NSE and BSE to review the surveillance framework imposed on its shares. Reliance Infrastructure said the current trading restrictions are affecting shareholders and impacting price discovery. It has sought wider and graded price bands while retaining other surveillance measures. The company also highlighted that NCLAT has stayed insolvency proceedings against it.

Allied Blenders and Distillers

A partner of subsidiary Minakshi Agro Industries has filed an arbitration claim seeking around Rs 25.54 crore along with interest. The company said the claim is incorrect and it is preparing a counter-claim. Separately, Amar Sinha has taken charge as Managing Director from June 1, while Alok Gupta stepped down on May 31.

SIS

The company acquired a 4.20 per cent stake in Updater Services for around Rs 51.39 crore as part of its treasury management operations.

Creative Newtech

The company, along with consortium partners, secured a BharatNet project worth around Rs 3,195 crore. It received an Advance Work Order from BSNL for the Odisha telecom circle. The project includes supply, installation and network upgradation work.

EMS

The company emerged as the lowest bidder for a Rs 103 crore project from UP Jal Nigam. The project involves laying sewer networks and providing household connections in Varanasi.

Innovision

The company received a work order worth around Rs 25.70 crore from NHAI. It will act as the toll collection and facility maintenance agency at Belon Fee Plaza in Uttar Pradesh.

H.G. Infra Engineering

The company received a provisional completion certificate from Adani Road Transport for a highway project in Uttar Pradesh. The project value is around Rs 4,971 crore.

Godawari Power and Ispat

The company has provided an inter-corporate loan of Rs 40 crore to Deccan Gold Mines. The loan has been given for 12 months at an interest rate of 12 per cent.

Radico Khaitan

NCLT Allahabad has approved the company's amalgamation proposal without convening shareholders' and creditors' meetings.

Heritage Foods

The company expanded its product portfolio by launching Heritage Creamy Shakes and Frozen Malai Paneer Cubes.

Hardwyn India

The board approved a bonus issue in the ratio of 2:5. Shareholders will receive two bonus shares for every five shares held.