Morning Update – 11th June 2025 by SBI Securities Ltd
Progress over trade talks between US and its trading partners to support positive opening for domestic market
Indian equity markets closed flat on Tuesday as limited domestic and global cues kept investors on the sidelines. While Nifty moved just 1 point to settle at 25,104, Sensex lost 53 points at close. Broader markets also performed in-line with benchmarks as BSE Midcap and Smallcap indices saw minor gains of 0.04% and 0.3% respectively. Realty stocks saw profit booking as the index fell 1.2% on BSE, being the biggest sectoral loser of yesterday while IT index was the top gainer closing up by 1.6%. FIIs and DIIs continued to net buy in the cash market with figures of Rs 2,302 cr and Rs 1,113 cr respectively.
US equity markets closed positive overnight as trade talks between US-China progressed. US-Mexico deal is also expected to close soon that will remove the 50% tariffs on steel exports to US up to a certain volume. S&P 500 and Nasdaq gained 0.6% each at close. Asian market cues are mostly positive indicating a flat to positive opening for our market.
Key Actionable
Wipro: The company announced the extension of its partnership with Metro AG, an international food wholesaler, for an additional two years. Under the renewed agreement, the company will continue to provide Metro with integrated digital services across cloud, data, application development, and AI-enabled IT support services – Neutral to Positive in short term
Aditya Birla Capital: US private equity firm Advent International offers to sell 1.4% for Rs 856 cr. Affiliate Jomei Investments set floor price at Rs 237.8 per share translating to a discount of 2.1%. Advent held 3.84% equity as of Mar’25 – Neutral to marginally Negative in short term
SIS: The company will buy back equity shares worth Rs 150 cr at Rs 404 per share translating to a premium of 8.7%, from eligible shareholders. The buyback opens June 12 and closes June 18 – Neutral to Positive in short term
Vodafone Idea: The company announced the launch of its 5G services in Bengaluru – Neutral to Positive in short term
Sonata Software: The company collaborated with IISc’s foundation of science innovation and development to power AI-Driven scientific research and champion adoption of responsible-first AI approach – Neutral to Positive in short term
CreditAccess Grameen: The company secured $100 mn multi-currency syndicated social loan facility – Neutral to Positive in short term
Reliance Infrastructure: Reliance Defence and Germany's Diehl Defence strengthen strategic partnership for urgent supply of system Vulcano 155mm precision guided munition for armed forces – Positive in long term
Popular Vehicles and Services: The company received Letters of Intent from Maruti Suzuki India to establish a new independent True Value outlet for pre-owned vehicles in Bengaluru. The 6,000 sq. ft. facility, with display capacity for 15 vehicles, is expected to be operational by August 2025 – Positive in medium to long term
Kaynes Technology India: The arm signed an asset purchase agreement with Fujitsu General Electronics, Japan, to acquire power module production lines and other manufacturing assets for approximately Rs 85 cr – Neutral to Positive in short term
Thomas Cook: The company forayed into the Punjab market by opening its first gold circle partner outlet in Mohali – Neutral to Positive in short term
Interarch Building: The company received Rs 45 cr purchase order from Prestigious Automobile original equipment manufacturer – Positive in short term
Tolins Tyres: The company announced its highest-ever monthly production milestone of 816 tons in May’25. The record includes 46,599 units of tyres and 17,714 units of Precured Tread Rubber which was driven by strong demand and efficient plant operations – Positive in short term
Ceat: The board defered its meet to mull raising Rs 500 cr via NCDs To June 14 – Neutral to Positive in short term
Ashok Leyland: Arm completed its purchase of 1.01% stake of Switch Mobility UK from Dana, thereby increasing its direct holding in SML UK from 98.56% to 99.57%. Consequently, Optare Plc. UK along with Hinduja Automotive Limited, UK, now holds 100% in SML UK – Neutral to Positive in short term
Man Infraconstruction: The company will invest Rs 36 cr in subsidiary Man Realtors & Holdings Pvt – Neutral to Positive in short term
Kolte-Patil Developers: CCI approved Blackstone's acquisition of 40% stake for Rs 1,166 cr – Neutral to Positive in short term
HCLTech: The company expanded its agreement with US-based Standard Insurance Company to accelerate AI-led transformation and deliver digital-first services at scale – Neutral to Positive in short term
IFL Enterprises: The company receives approval to raise Rs 49 cr via rights issue. The right issue to open for subscription from June 19 – Neutral to Positive in short term
Insider Trades
NCL Industries: Promoter P S Raju sold 10,000 shares.
Diamond Power Infrastructure: Promoter Gsec sold 1.58 cr shares, promoter Monarch Infraparks sold 1.58 cr shares.
Avantel: Promoter Lakshmee Foundation sold 36 lakh shares.
B. L. Kashyap and Sons: Promoter Vineet Kashyap bought 9,000 shares. Further, promoter Shruti Choudhari bought 3,000 shares.
D. B. Corp: Promoter D B Power bought 30,970 shares.
HMA Agro Industries: Promoter Mohammad Ashraf Qureshi sold 49.80 lakh shares.
Trading Tweaks
Price Band change from 20% to 10%: Oriental Carbon & Chemicals, TVS Electronics.
Ex- Dividend: Tata Elxsi
Fund Flows – Cash Market (10th June)
FII (Rs cr): +2,301.9
DII (Rs cr): +1,113.3
Bulk Deals - NSE
Bulk Deals – BSE
Block Deals – NSE
Block Deals – BSE
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