Stocks to Watch: ITD Cementation, Premier Energies, IRB Infra, Jana SFB and more

1 / 14ITD Cementation | The company said it has secured a new order worth approximately ₹893 crore, inclusive of GST, for the construction of berth and breakwater structures linked to greenfield captive jetty development in Odisha. The company announced the development in a stock exchange filing on June 9, calling the order part of its ordinary course of business.2 / 14Premier Energies | South Asia Growth Fund II Holdings is likely to divest up to 2.5 crore shares of solar cell and module manufacturer, representing approximately 5.5% of the company’s equity, through block deals, sources privy to the developments told CNBC-TV18. The floor price for the transaction has been fixed at ₹1,051.50 per share, which represents up to a 1% discount to the current market price, the sources added.3 / 14AstraZeneca Pharma | Drug firm said its Managing Director, Sanjeev Kumar Panchal, has resigned from his position with effect from the close of business on June 30. He will be moving to a global role within the AstraZeneca Group, based in Gaithersburg, Maryland, US. In the same meeting held on June 9, the board, following the recommendation of the Nomination and Remuneration Committee, approved the appointment of Praveen Rao Akkinepally as the company’s new MD. He will assume the role from 1 July for a term of three years.4 / 14Veedol Corporation | Andrew Yule & Company successfully conducted a sale of 2% equity in Veedol Corporation Ltd through the Offer for Sale (OFS) mechanism, weeks after the planned transaction was temporarily withdrawn on May 23. The stake sale, amounting to 3.48 lakh equity shares, had originally been scheduled to open for non-retail investors on May 23 and for retail investors on May 26. However, the OFS was deferred “until further notice” on the morning of the non-retail window.5 / 14Jaiprakash Associates | The flagship firm of Jaypee Group said it has extended the deadline for submission of resolution plans under its ongoing corporate insolvency process by 15 days, pushing the date from June 9 to June 24, 2025. The move follows requests from several prospective resolution applicants (PRAs) seeking more time to finalise their proposals. The Committee of Creditors (CoC) approved the extension with the required majority.6 / 14Jana Small Finance Bank | The bank said it has submitted an application to the Reserve Bank of India (RBI) seeking approval for a voluntary transition from a small finance bank to a universal bank. The bank said the application was filed today, June 9, in line with the RBI’s ‘on tap’ licensing guidelines for small finance banks, issued on December 5, 2019, and the circular on voluntary transition to universal banks, dated April 26, 2024.7 / 14IRB Infrastructure | The company posted a nearly 9% year-on-year rise in its toll revenue to ₹581 crore in May 2025. Revenues from the toll collection business stood at ₹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 ₹159.5 crore to the total revenue collection in April, up from ₹152.6 crore contribution in May 2024.8 / 14Capri Global | The company launched a qualified institutions placement (QIP) of equity shares, setting the floor price at ₹153.93 per share, according to a regulatory filing. The company said its QIP Committee met today to authorise the opening of the issue and approve the preliminary placement document dated June 9, 2025.9 / 14Jindal SAW | Homegrown company said the board has approved three new international investments totalling up to $118 million, aimed at strengthening its presence in the Middle East’s iron and steel sector. The largest of the projects involves setting up a 100% owned step-down subsidiary in Abu Dhabi, United Arab Emirates, to establish a seamless pipe manufacturing facility with a capacity of 300,000 tonnes per annum.10 / 14Mahindra & Mahindra | Utility vehicle major has increased its stake in Mahindra & Mahindra Financial Services Ltd (MMFSL), its listed non-banking finance subsidiary, following the allotment of equity shares under MMFSL’s rights issue. M&M has been allotted 8.52 crore equity shares at ₹194 per share (including a ₹192 premium) as part of the ₹2,996 crore rights issue. The acquisition, valued at approximately ₹1,652 crore, includes both the company’s rights entitlement and additional shares applied for.11 / 14Tata Power | The company announced that its solar manufacturing arm, TP Solar, has crossed 4 GW of cumulative solar module output at its facility in Tirunelveli, Tamil Nadu. The site has produced 4,049 MW of modules and 1,441 MW of solar cells as of May 31, 2025, the company said in a statement.12 / 14Protean eGov Technologies | The company has been awarded a prestigious and strategically significant work order valued at approximately ₹100 crore by the Bima Sugam India Federation through the RFP process.13 / 14Zee Entertainment Enterprises | The company has entered a strategic partnership with Content Start-up Bullet to launch India’s first Micro-Drama App.14 / 14Apollo Pipes | The company has made further investments by acquiring an additional equity stake of 1.01 % through a secondary purchase in Kisan Mouldings Limited, a subsidiary of the company.

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