Indian markets are likely to take cues from global trends and stock-specific developments on Thursday. Investors will closely track a major block deal in Lenskart, the government’s approval for the merger of REC with Power Finance Corporation (PFC), fundraising plans by KIMS and IIFL Finance, and key corporate announcements from Power Grid and Hindalco.
Lenskart
Lenskart shares will be in focus after Platinum Jasmine Trust announced plans to sell a 2.3% stake through a block deal worth approximately ₹1,944 crore. The floor price has been fixed at ₹486 per share, representing a discount of around 2.8% to the previous closing price.
The transaction is expected to attract institutional investor interest and could impact stock movement in the near term.
Power Finance Corporation (PFC) and REC
Shares of PFC and REC may remain in focus after the government approved the proposed merger of REC into Power Finance Corporation.
The consolidation is expected to create a larger state-owned lending institution focused on power and infrastructure financing. Investors will watch for further details regarding the merger structure, timelines and regulatory approvals.
Power Grid Corporation
Power Grid announced multiple developments that could keep the stock in focus. The company appointed Venkata S V as its Chief Financial Officer and approved a ₹485 crore SCADA system upgrade project.
Additionally, the state-run power transmission major secured a loan facility worth 80 billion Japanese Yen, strengthening its funding profile for future infrastructure investments.
IIFL Finance
IIFL Finance has approved the allotment of $500 million fixed-rate senior secured notes due in 2029.
The fundraising is expected to support the company’s growth plans and strengthen its capital position amid expanding lending operations.
KIMS
Krishna Institute of Medical Sciences (KIMS) will be watched after the company announced a board meeting on June 13 to consider fundraising proposals.
Investors typically track such announcements closely for potential expansion plans, acquisitions or balance-sheet strengthening initiatives.
Hindalco Industries
Hindalco may remain in focus after its subsidiary Novelis successfully restarted the Oswego Hot Mill facility.
The development is positive for Novelis’ operational capacity and could support production volumes in the coming quarters.
Pine Labs
Pine Labs announced the completion of its acquisition of Shopflo, a move aimed at strengthening its merchant commerce and checkout capabilities.
The acquisition is expected to enhance Pine Labs’ product offerings in the digital payments and merchant solutions ecosystem.
Bharat Wire Ropes
Bharat Wire Ropes could see investor reaction after receiving a notice from the Maharashtra Pollution Control Board directing it to halt activities at its manufacturing unit in Chalisgaon.
Market participants will monitor the potential operational and financial impact of the regulatory action.
IOL Chemicals & Pharmaceuticals
IOL Chemicals informed exchanges that a minor fire occurred at its Minoxidil manufacturing unit. The company stated that the fire was contained without injuries or major plant damage, though operations at the facility may remain paused for around 8–10 days.
Honasa Consumer
Honasa Consumer said its focus categories delivered nearly 30% growth in FY26 and outlined plans to improve profitability, targeting an EBITDA margin of around 15% through operational efficiencies and margin expansion initiatives.