Stocks to Watch on June 16: GIC, HCLTech, Adani Enterprises, Waaree Energies, GMR Airports and More in Focus

The Indian stock market is expected to begin Tuesday’s trading session on a steady note, with early indicators pointing towards a flat-to-positive opening. GIFT NIFTY futures indicate that the benchmark NIFTY 50 index may open around 28 points higher.

Investors are likely to track a mix of corporate announcements, government stake sales, fundraising plans, strategic partnerships, and sector-specific developments. Several companies, including HCLTech, Adani Enterprises, Waaree Energies, GMR Airports and Craftsman Automation, are expected to remain in focus.

GIC: Government Begins Stake Sale Through OFS

Shares of General Insurance Corporation of India (GIC) will remain under investor watch as the government plans to sell up to a 5% stake through an Offer for Sale (OFS).

The OFS will include a base sale of 2% equity along with an additional 3% green shoe option. The floor price has been fixed at ₹352 per share.

At the announced price, the government’s sale of more than 8.77 crore shares could generate around ₹3,000 crore for the exchequer.

Institutional investors will participate in the first phase of the OFS, while retail investors will get an opportunity to bid in the following session.

HCLTech: ₹1,427 Crore Investment in Sarvam AI

IT major HCLTech is gaining attention after announcing plans to acquire a 10.46% stake in sovereign AI model developer Sarvam AI.

The company will invest ₹1,427.25 crore to purchase over 41,000 equity shares. The deal values Sarvam AI at approximately $1.5 billion.

The partnership highlights the growing focus on India’s artificial intelligence ecosystem, with Sarvam AI developing indigenous AI models, infrastructure, and applications.

The transaction is expected to close shortly after completion of formal agreements and does not require additional regulatory approval.

Adani Enterprises: AI Infrastructure Partnership Plans

Adani Enterprises will be closely tracked after the Adani Group announced a strategic collaboration with Jabil Inc. to develop AI data centre infrastructure manufacturing capabilities in India.

The proposed platform aims to produce advanced AI hardware,e including:

• High-density AI servers
• Storage systems
• Networking equipment
• Power distribution units
• Cooling infrastructure

The partnership combines Jabil’s manufacturing expertise with Adani’s infrastructure, renewable energy, logistics, and data centre capabilities.

Waaree Energies: ₹10,000 Crore Fundraising Approved

Solar energy company Waaree Energies received shareholder approval to raise ₹10,000 crore through a Qualified Institutional Placement (QIP).

The fundraising plan includes issuing equity shares and other eligible securities to strengthen the company’s expansion strategy.

Shareholders also approved the appointment of Jignesh Devchandbhai Rathod as Whole-Time Director and CEO.

The move comes as India continues expanding renewable energy capacity and solar manufacturing.

GMR Airports: Passenger Traffic Growth

GMR Airports is expected to attract market attention after reporting passenger traffic growth for May 2026.

The company recorded a 6.1% year-on-year increase in total passenger traffic, reaching 10.63 million passengers across its airport portfolio.

Domestic passenger traffic rose nearly 8%, while international traffic showed marginal growth amid geopolitical challenges affecting global aviation routes.

Craftsman Automation: ₹2,000 Crore QIP Issue

Shares of Craftsman Automation may remain active after the company launched a Qualified Institutions Placement issue to raise ₹2,000 crore.

The fundraising committee approved the opening of the issue and adopted the preliminary placement document.

Investors will watch the pricing, participation from institutions, and impact on the company’s future expansion plans.

Siemens: Pune Metro Order Boost

Siemens secured an order from Titagarh Rail Systems for supplying advanced propulsion systems and train control technology for the Pune Metro extension project.

The contract covers:

• Traction converters
• Auxiliary converters
• Traction motors
• Train control and monitoring systems

The project supports India’s push toward sustainable urban transportation.

Ashok Leyland: Benefits From Vehicle Replacement Scheme

Ashok Leyland and Switch Mobility have become the first vehicle manufacturers to offer discounts under the Delhi-NCR old vehicle replacement initiative.

Eligible customers purchasing new trucks and buses under the scheme will receive an 8% discount on ex-showroom prices.

The agreement supports cleaner transportation and fleet modernisation.

Delhivery: Nationwide Delivery Associate Facilities

Logistics company Delhivery launched more than 1,000 rest facilities across nearly 600 cities and towns.

The facilities, called “Vishram,” are designed to support delivery workers across e-commerce, quick commerce, food-tech, and courier sectors.

The initiative focuses on improving workforce welfare and operational efficiency.

Oil-Linked Stocks in Focus

Oil marketing companies, aviation firms, tyre makers, and paint companies may remain active as crude prices trade within a manageable range.

WTI crude futures were around $80.96 per barrel, while Brent crude futures traded near $83.34 per barrel.

Recent developments in global diplomacy helped ease crude price pressure after months of elevated levels.

Other Stocks to Watch

Lloyds Engineering Works

The company’s board meeting scheduled for June 18 will consider a proposal to raise funds through a preferential share issue. Investors will monitor the fundraising size and potential investor participation.

Patel Engineering

Patel Engineering received a Letter of Award for an irrigation project under Maharashtra’s Tasgaon Lift Irrigation Scheme. The total contract value stands at ₹126.37 crore.

Northern Arc Capital

Northern Arc Capital partnered with YES BANK to expand digital lending, improve credit access, and create new debt investment opportunities.

Market Outlook

With corporate actions, infrastructure investments, AI developments, renewable energy expansion, and government divestments dominating headlines, these stocks are likely to remain on investors’ radar during Tuesday’s trading session.