Stocks To Watch Today: Kaynes Tech, HAL, Nestle, Tata Power, Concor, Bajaj Auto, PNB

Kaynes Technology India Ltd., Hindustan Aeronautics Ltd., Nestle India Ltd., Tata Power Co., Container Corp., Bajaj Auto Ltd. and Punjab National Bank are among the stocks that are set to buzz on Friday.

Here are the notable corporate announcements released after Thursday market hours.

• Hindustan Aeronautics: The board will consider a final dividend for FY25 on June 27.

• Kaynes Tech: The company opened the Rs 1,600-crore QIP issue and approved a floor price of Rs 5,625.75 per share.

• United Spirits: The company will acquire a majority stake in NAO Spirits for Rs 130 crore.

• Natco Pharma: USFDA concluded inspection at Hyderabad plant and issued seven observations in Form-483.

• Sai Life Sciences: TPG Asia is likely to sell a 6% stake of the company, the floor price of the deal is at Rs 710 per share at a discount of 2.5% from last market price. The offer size of the deal at Rs 887.8 crore as per the term sheet.

• Nestle India: The company will consider and approve the proposal for the issue of bonus shares at its board meeting in June 26.

• ITD Cementation: The company secured two new contracts worth Rs 960 crore.

• Container Corp: The company has fixed July 4 as the record date for determining eligible shareholders for bonus issue of shares.

• GMM Pfaudler: The company is in an agreement with a European-based customer for Rs 330 crore for end-to-end acid recovery equipment.

• Dreamfolks Services: The company clarified reports regarding the alleged shifting of a few clients from the company. The company said contract negotiation is a part of the regular business process, which is carried out annually with the clients and has no relation with the alleged news. The relationships with all our partners remain strong and fully intact.

• ArisInfra Solutions: The public issue was subscribed to 1.32 times on day 2. There bids were led by Qualified institutional investors (0.73 times), non-institutional investors (1.39 times), retail investors (3 times).

• Oswal Pumps: The company's shares will debut on the stock exchange on Friday at an issue price of Rs 614 apiece. The Rs 1,387-crore IPO was subscribed 1.61 times on its third and final day. Bids were led by institutional investors (0.27 times), retail investors (1.12 times), non-institutional investors (4.5 times).

• Ex-Dividend: Greenlam Industries, Rossari Biotech, Voltas, Supreme Industries, Tata Power, Torrent Pharma, Bajaj Auto, Mawana Sugar, Epigral, Punjab National Bank, HDFC Life Insurance.

As much as 20% equity of Inox India is set to become eligible for trade as the six month lock-in period ends for pre-IPO anchor investors.