Stocks in News & Key Economic Updates 12 June 2025 by GEPL Capital
Stocks in News
* NAZARA TECH: Axana Estates, Plutus Wealth, and Junomoneta Finsol have announced a Rs.2,384 crore open offer to acquire a 26% stake in the company at Rs.990 per share, which is a 22% discount to the current market price. The offer will open on June 19 and close on July 2.
* HINDUSTAN ZINC: The company plans to expand its capacity from 4 MTPA to 12.2 MTPA and increase mine capacity by FY31, with a capital expenditure of Rs.2,000 crore over the next 5–6 years.
* STERLITE TECHNOLOGIES: The company signed a Rs.2,631 crore agreement with BSNL for a telecom project covering design, supply, construction, and maintenance of the middle-mile network under BharatNet in Jammu & Kashmir and Ladakh.
* RAILTEL CORP: The company received a Rs.11.94 crore work order from Southeastern Coalfields.
* MARUTI SUZUKI: NCLT approved the first motion application for the amalgamation of Suzuki Motor Gujarat with Maruti Suzuki India.
* WAAREE ENERGIES: Waaree Solar Americas, a company arm, received a 599 MW solar module supply order from a reputed customer.
* SEPC: The company received a Rs.650 crore letter of award from Parmeshi Urja for EPC of a 133 MW AC solar power project across 26 locations in Maharashtra.
* MARINE ELECTRICALS: The company received a Rs.60 crore order from ACG Universal Capsule for supply, installation, testing, and commissioning of a power distribution system.
* ZYDUS LIFESCIENCE: The company received an establishment inspection report for its API manufacturing facility at Ankleshwar, classified as No Action Indicated.
Economic News
* Govt slashes Basic Custom duty on major imported crude edible oils from 20% to 10%: The government has reduced the Basic Customs Duty on crude sunflower, soybean, and palm oils from 20% to 10%, increasing the duty gap with refined oils to 19.25%. This move aims to lower edible oil prices, encourage domestic refining, and ease inflation. Industry has been urged to pass on the benefits to consumers.
Global News
* World Bank slashes 2025 global growth forecast to 2.3% amid rising trade tensions: The World Bank has sharply reduced its global economic growth forecast for 2025 to 2.3% from 2.7%, citing rising trade uncertainty as a key disruptor. This would represent the slowest growth rate since 2008 outside of global recessions. The Bank warned that international trade disputes have destabilized long-standing policy frameworks that once supported poverty reduction and prosperity. It also downgraded growth estimates for the U.S. to 1.4% and the euro area to 0.7%. While escalating trade tensions could further dampen growth, the Bank noted that resolving disputes and halving tariffs could lift global growth by 0.2 percentage points in 2025–26. Ongoing negotiations, including U.S.-China and U.S.-EU talks, may influence the outcome. The OECD similarly lowered its 2025 global growth projection to 2.9%, down from 3.1%, also pointing to tariff-related uncertainty.
Key Highlights:
NIFTY SPOT: 25141.4 (0.15%)
TRADING ZONE:
Resistance :25160 (Pivot Level) and 25250 (Key Resistance).
Support: 25000 (Multiple Touches) & 24900 (Key Support).
BROADER MARKET: OUTPERFORMED
MIDCAP 150: 59388.15 (-0.49%), SMALLCAP 250: 18798.75 (-0.53%)
VIEW: Bullish till above 24900 (Key Support).
BANKNIFTY SPOT: 56459.75 (-0.3%)
TRADING ZONE:
Resistance:57000 (Multiple Touches) / 57500 (Key Resistance)
Support: 56000 (Pivot Level) / 55500 (Key Support).
VIEW: Bullish till above 55500 (Key Support).
SEBI Registration number is INH000000081.
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