Stocks to Watch: Torrent Power, DCM Shriram, Genus Power, Jubilant Pharmova and more

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Torrent Power | Ahmedabad-based company said its wholly-owned subsidiary, Torrent Green Energy Private Limited, has secured a 300 MW wind power project from the Solar Energy Corporation of India (SECI) under Wind Tranche-XVIII. Torrent Power has estimated an investment of approximately ₹2,650 crore for the project. The company received the letter of award on June 11, 2025, following a competitive bidding process.

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DCM Shriram | Diversified agri firm announced that its board has approved the acquisition of 100% stake in Hindusthan Specialty Chemicals Ltd (HSCL) for ₹375 crore, marking its entry into the advanced materials segment. The company will sign a definitive agreement for the transaction, which is subject to customary and regulatory approvals.

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Genus Power | Chiswick Investment Pte. Ltd, an affiliate of Singapore sovereign wealth fund GIC, on Thursday (June 12), has launched a block deal to offload a 3.6% stake in Genus Power Infrastructures, with an option to increase the sale by an additional 2.28%. The base deal is valued at approximately ₹400 crore, with an upsize option of ₹250 crore, taking the total potential transaction size to ₹650 crore. The floor price has been set at ₹360 per share, representing a 6.5% discount to the stock’s last closing price.

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Jubilant Pharmova | The company said that its board has approved the sale and transfer of its active pharmaceutical ingredient (API) business to its wholly-owned subsidiary, Jubilant Biosys Ltd, on a slump sale basis. The API division recorded a turnover of ₹609 crore in FY25, accounting for 8.35% of the company’s consolidated revenue. Its net worth stood at ₹666.5 crore as of March 31, 2025, contributing 10.68% of the company’s consolidated net worth.

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Jubilant Bhartia | The Bhartia family of Jubilant Bhartia Group is likely to sell shares in three of its listed entities — Jubilant FoodWorks Ltd, Jubilant Ingrevia Ltd and Jubilant Pharmova Ltd — through block deals, according to sources familiar with the development. The proposed sales include up to 13.2 million shares of Jubilant FoodWorks, 12 million shares of Jubilant Ingrevia, and 5.6 million shares of Jubilant Pharmova, sources in the know told CNBC-TV18.

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CSB Bank | Private sector bank announced that the Reserve Bank of India (RBI) has approved the reappointment of Pralay Mondal as managing director and CEO of the bank for a further period of three years, effective September 15, 2025. The bank will now seek shareholder approval for the reappointment within the timeframe mandated under the Companies Act, 2013, and SEBI Listing Regulations.

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HCLTech | Swedish luxury carmaker Volvo Cars, on Thursday, selected HCLTech as one of its strategic suppliers for engineering services. The agreement expands their existing collaboration in digital and product lifecycle management (PLM) services to include the delivery of end-to-end engineering solutions at scale. HCLTech will support Volvo Cars’ engineering goals through its automotive Centre of Excellence in Gothenburg, Sweden, as well as its global offshore and nearshore delivery centres.

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TVS Srichakra | Manufacturers of two and three-wheeler, and off-highway tyres said its global two-wheeler tyre brand, Eurogrip, has partnered with Honda Taiwan Co Ltd — marking a strategic expansion in the Asian mobility market. The company announced that Eurogrip has been officially integrated into Honda Taiwan’s after-sales service network.

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Canara Bank | State-owned bank said its board has approved a capital raising plan of up to ₹9,500 crore for FY25- 26 through the issuance of debt instruments. The fundraising will be conducted via Basel III-compliant bonds, split between ₹6,000 crore in tier II bonds and ₹3,500 crore in additional tier I (AT1) bonds. Both tranches are subject to prevailing market conditions and necessary regulatory approvals.