Several stocks are likely to remain in focus on June 29 amid key corporate developments, including regulatory updates, acquisitions, merger proposals, project wins and real estate expansion.
Dr Reddy's Laboratories shares gained 4 percent after the US Food and Drug Administration (US FDA) completed a Pre-License Inspection (PLI) at the company's biologics manufacturing facility in Bachupally, Hyderabad. The regulator concluded the inspection by issuing Form 483 with seven observations.
Persistent Systems shares fell around 8 percent after the company announced plans to acquire Nagarro SE through its subsidiary, Galaxy Germany Holding SE (BidCo). The company has entered into a share purchase agreement to acquire a 21 percent stake in the German-listed IT services firm at EUR 81 per share, while also signing a Business Combination Agreement to acquire the remaining stake.
Power Finance Corporation (PFC) declined about 2 percent after its board approved the scheme of amalgamation of REC with PFC, subject to regulatory and shareholder approvals.
Puravankara gained nearly 3 percent after signing a joint development agreement (JDA) for a 6.4-acre land parcel in Sarjapur, Bengaluru. The project has an estimated gross development value (GDV) of around ₹1,000 crore.
Transrail Lighting advanced more than 2 percent after securing new international orders worth approximately ₹459 crore, largely in its transmission and distribution (T&D) business, taking its order inflow for the year past the ₹1,000-crore mark.
Market participants are expected to keep a close watch on these stocks as corporate announcements, regulatory developments, acquisitions, and order wins continue to drive stock-specific action amid a volatile market environment.