Stocks to Watch June 12: HCL, Reliance, & More
Indian stocks edged higher Tuesday, driven by gains in IT and oil marketing companies. HCL Technologies surged on an AI partnership, while Minda Corp announced a joint venture for automotive switch manufacturing. Oil marketing companies benefited from falling crude prices, with HPCL receiving a “buy” upgrade. Reliance Industries hit an eight-month high, and Bajaj Finserv saw a boost due to a bonus issue and stock split anticipation. Stay informed with News Directory 3 for the latest market insights. the Nifty IT index saw significant gains. With interest rates in play, this could impact overall market performance. Discover what’s next in the dynamic Indian stock market.
HCL, Minda, Reliance Lead Indian Stocks Higher
Updated june 11, 2025
Indian equity benchmarks saw slight gains Tuesday, with both the Sensex and Nifty 50 indexes rising 0.15 percent,driven by strength in facts technology (IT) and oil marketing companies (OMCs). Easing crude oil prices and positive global cues supported the market. GIFT Nifty futures suggest continued optimism for Wednesday’s trading session.
HCL Technologies shares rallied following the announcement of an expanded partnership with The Standard Insurance Company to integrate artificial intelligence (AI) into its operations. Positive sentiment in the tech sector and foreign fund inflows into IT stocks are expected to sustain investor interest in HCL. The Nifty IT index rose 1.26 percent.
minda Corporation announced a joint venture with Toyodenso of Japan to manufacture advanced automotive switches. The joint venture, with a 60:40 equity split, will establish a new facility in noida, with operations expected to begin in the second half of fiscal year 2026-27. This move signals long-term growth and strategic expansion in India’s automotive components sector.
oil marketing company stocks, including BPCL, HPCL, and IOC, experienced strong momentum due to declining crude prices, which improved refining margins. HPCL shares jumped nearly 4 percent, boosted by a “buy” upgrade from Goldman Sachs with a target price of 400 rupees. IOC’s progress in green hydrogen projects adds a long-term sustainability aspect that investors are considering. Continued soft crude prices could lead to further outperformance by OMCs.
Reliance Industries reached an eight-month high, driven by several positive factors, including approval for its joint venture Jio BlackRock to operate as an investment adviser in India. Rising refining and marketing margins,due to falling crude oil prices,also contributed to the gains. Support from both the energy and financial segments could sustain Reliance’s uptrend.
Bajaj Finserv was among the top gainers on the Sensex, fueled by anticipation surrounding its upcoming 4:1 bonus issue and stock split, with the record date set for June 16. The company also saw traction through its subsidiary, Bajaj Housing Finance, which accepted bids for multiple tenor bonds. Corporate actions like these often boost retail participation and could continue to lift the stock.
What’s next
Investors will be closely watching global crude oil prices and further developments in the IT and auto sectors for continued momentum in the Indian stock market.