Key Highlights: Stocks in News, Economic & Global Updates 30th June 2026 by GEPL Capital Ltd
Stocks in News
• STERLING AND WILSON RENEWABLE ENERGY: Secures landmark project in Egypt, received LoA for a 1,000 MWac capacity Solar PV project and 600 MWh Battery Energy Storage for $560 million.
• RIETS: Signed MoU with CONCOR to provide project management & consultancy services for development of logistics infrastructure.
• GNG ELECTRONIC: Director Ajay Pancholi acquired 77,000 shares via market purchases, increasing stake from 0.12% to 0.19%.
• BALKRISHNA INDUSTRIES: Completed carbon black expansion, boosting capacity to 3.6 lakh MTPA; capacity addition of 95,000 MTPA. Also enhanced power capacity to 64 MW, with capacity addition of 24 MW.
• TATA MOTORS PV: The company clarified that while it has partnered with Stellantis for over 20 years and signed a non-binding MoU in February, no definitive agreement has been finalized yet.
• WEWORK INDIA: Expanded Hyderabad centre capacity by 536 desks by leasing an additional 31,259 sq. ft.; to be operational in July 2026. Investment required Rs 9.8 crore.
• PACE DIGITEK: Subsidiary advancing BESS manufacturing expansion, with capacity rising to 5 GWh soon and targeted 10 GWh by Q3 FY27.
• STERLING AND WILSON RENEWABLE ENERGY: JV secured Rs 4,600 crore order in Egypt for 1,000 MW solar & 600 MWh storage project.
• STATE BANK OF INDIA: Raised $300 million via 3-year senior unsecured floating rate bonds issued through its London branch.
• SAMVARDHANA MOTHERSON: Delayed completion of 28.15% stake acquisition in HR Dhauliganga (captive power SPV); now expected by Q4 FY27 (vs earlier Q1 FY27).
Economic News
• India's industrial output quickens to 5.1% in May from 4.9% in April as manufacturing, electricity drive growth: India's industrial production surged by 5.1% in May 2026, largely propelled by strong manufacturing activity despite a decrease in mining operations. This data, which utilizes a new base year of 2022-23 and refined measurement approaches, paints a clearer and more accurate picture of the country's industrial progress. The revised index also factors in emerging sectors, providing essential economic insights for decision-makers and businesses alike.
Global News
• China's Factory Profits Stay Strong, but Domestic Weakness Persists: China's industrial profits continued to grow at a strong double-digit pace in May, rising 21.1% YoY, although growth moderated from 24.7% in April, reflecting an uneven economic recovery. While cumulative profits for JanuaryMay increased 18.8%, supported by AI-driven sectors such as computers and electronics (+103.9%) and non-ferrous metals (+93.9%), downstream industries remained under pressure, with automaker profits falling 19.8% and furniture makers' earnings plunging 58.4%. Weak domestic demand, the prolonged property downturn, overcapacity, and geopolitical uncertainty surrounding the Iran conflict continue to weigh on the economy, prompting expectations of further targeted policy support and increased bank lending to stabilize corporate profitability.
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