Stocks to Watch Today: Premier Energies, TIL, Eternal, ITD Cementation, Tata Power, Zee, Ola, IRB Infra

According to market buzz, South Asia Growth Fund II Holdings is likely to divest up to 2.5 crore shares of Premier Energies, representing approximately 5.5% of the company’s equity, through block deals. Solar cell and module manufacturer has fixed the floor price for the transaction at ₹1,051.50 per share, which represents up to a 1% discount to the current market price, the sources added

TIL has formed a dedicated Strategic Business Unit (SBU) called ‘TIL Defence’ to consolidate its expanding defence portfolio and accelerate indigenous production of critical military systems in the field of tri-services – Land Systems, Air Systems, and Naval Systems, leveraging nearly four decades of specialised defence manufacturing expertise. 

Eternal has introduced a new fee for restaurant partners on long-distance orders, as it looks to improve profitability as well as pay more to the delivery partners. According to an email sent by the company to restaurant partners, it will charge a long-distance fee on orders that are to be delivered beyond 4 km.

ITD Cementation India has secured contract worth around Rs 893 crore including GST for construction of Berth & Breakwater for the development of Greenfield Captive Jetty(s) in Odisha.

Mahindra EPC Irrigation has received contract from Water Resources Department for allied projects under Micro Irrigation Systems. Broad commercial consideration or size of the order is around Rs 4.32 crore and is to be completed within 5 months.

Mahindra & Mahindra (M&M) has increased its stake in Mahindra & Mahindra Financial Services (MMFSL), its listed non-banking finance subsidiary, following the allotment of equity shares under MMFSL’s rights issue.

Vishnu Prakash R Punglia’s (VPRPL) rating and outlook on short and long-term bank facilities were downgraded by CARE Ratings. In a disclosure to the exchanges, it said the rating agency has downgraded VPRPL’s long-term bank facilities worth Rs 200 crore to CARE BBB with a negative outlook from its earlier rating of CARE BBB+ with a stable outlook.

Tata Power on Monday said its manufacturing arm TP Solar has crossed 4 GW solar module output at its Tamil Nadu plant. The plant has cumulatively produced 4,049 MW of solar modules and 1,441 MW of solar cells till May 31, 2025, Tata Power said in a statement. “With a strategic focus on scaling up production, the company is targeting 3.7 GW of solar cell output and 3.725 GW of module production in FY26, further solidifying its commitment to supporting India’s clean energy transition,” it added.

Zee Entertainment Enterprises has entered into a strategic equity partnership with Bullet, a new-age content & tech start-up. Zee did not share much details on the transactions, but said “it will invest/acquire stake in Bullet”. Co-founded by entrepreneurs Azim Lalani and Saurabh Kushwah, Bullet has developed India’s first micro-drama application focused on fast-paced, creator-driven content through short duration vertical format episodes targeted towards the younger audiences.

Ola group’s AI firm Krutrim is likely to launch its own agentic AI assistant ‘Kruti’ later this week. An agentic AI assistant is an artificial intelligence system that not only responds to user prompts but also takes initiative, adapts to user needs, and acts proactively to fulfil tasks or objectives.

Two major companies, Dalmia Bharat Ltd and Birla Corporation, said that about Rs 430 crore in promised state incentives may now be at risk after the West Bengal government scrapped several industrial subsidy schemes in 2025. An official of Dalmia Cement (Bharat) Ltd (DCBL), a wholly owned subsidiary of Dalmia Bharat, stated that it was supposed to receive Rs 236.32 crore along with 8 per cent interest under the now-revoked ‘WB State Support for Industries Scheme 2013’. Dalmia Bharat operates a cement plant with a capacity of four million tonnes in Paschim Midnapore district.

 IRB Infrastructure on Monday posted a nearly 9 per cent year-on-year rise in its toll revenue to Rs 581 crore in May 2025. Revenues from the toll collection business stood at Rs 536 crore in the same month last year, IRB said in an exchange filing. Of its 17 tolls, the IRB MP Expressway in Maharashtra contributed the major share of Rs 159.5 crore to the total revenue collection in April, up from Rs 152.6 crore contribution in May 2024.

Jana Small Finance Bank has submitted its application to the Reserve Bank of India seeking approval for voluntary transition from a Small Finance Bank to a Universal Bank. This application has been made in accordance with the RBI Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Private Sector dated 05th December 2019, read with the RBI circular on Voluntary Transition of Small Finance Banks to Universal Banks dated 26th April 2024.

The board of Capri Global Capital has approved the authorising the opening of qualifified institutional placement Issue and the floor price for the Issue as ₹153.93 a Share.

PVP Ventures has informed the exchanges that market regulator SEBI has sought clarifications and supporting documentation.

Published on June 10, 2025