On June 23, keep an eye on the following stocks: TCS, Waree Renewable, HAL, BEL, and MakeMyTrip

Markets Rebound Sharply; Global Tensions May Temper Optimism

Indian equity markets ended the week on a high note, snapping their recent losing streak as investor sentiment turned optimistic on Friday. The benchmark BSE Sensex surged 1,046 points, or 1.29%, to close at 82,408, while the broader NSE Nifty50 jumped 319 points, or 1.29%, ending the session at 25,112.

The rally was driven by strong institutional buying, positive cues from Asian markets, and renewed strength in large-cap and tech stocks. However, geopolitical developments over the weekend may cast a shadow on market momentum when trading resumes on Monday.

Rising Global Uncertainty:

Tensions in the Middle East flared again after reports emerged that the United States bombed nuclear facilities in Iran, sparking concerns of a larger regional conflict involving Israel. Though the Indian government has dismissed claims that its airspace was used in the operation, the development could weigh on global risk appetite and lead to volatility in oil prices and equities worldwide. Traders on Dalal Street are likely to react with caution.

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Key Stocks to Watch on Monday

1. Waaree Renewable Technologies
   The company received an additional Rs 246.92 crore EPC order for a ground-mounted solar PV project of 2012.47 MWp capacity. With this, the total value of the contract has surged to Rs 1,480.40 crore, reflecting strong momentum in India’s clean energy sector. This development is expected to boost the stock in Monday’s session.

2. MakeMyTrip (MMT)
   In a major milestone for India’s tech sector, MakeMyTrip has raised a record-breaking $3.1 billion via equity and debt, advised by Morgan Stanley. This is now the largest fundraise by a listed new-age Indian company, overtaking Paytm's 2021 IPO. The move demonstrates global investor confidence in India's travel-tech industry and may trigger a significant upside in MMT shares.

3. Tata Consultancy Services (TCS)
   India’s largest IT exporter continues to deepen its presence in the automotive software segment, opening two new delivery centres in Germany and an engineering hub in Romania. TCS’s focus on Software-Defined Vehicles (SDVs) is expected to drive its automotive vertical and long-term growth.

4. Tata Motors
   Tata Motors is intensifying efforts to regain market dominance in the EV segment. The company is evaluating a merger between its EV arm and passenger vehicle business, targeting a 50% EV market share in the long term. This strategic realignment could unlock value and attract renewed investor interest.

5. Hindustan Aeronautics Limited (HAL)
   HAL has won a key tender worth Rs 511 crore to manufacture Small Satellite Launch Vehicles (SSLVs) for ISRO’s commercial arm IN-SPACe. This award positions HAL as a crucial player in India's emerging private space economy and may lead to sustained momentum in the stock.

6. Signature Global (India)
   The Board is scheduled to meet on June 25 to approve a plan to raise funds through non-convertible debentures (NCDs). The capital raise is likely intended to support expansion in India’s housing sector amid rising demand for affordable housing.

7. Bank of India (BOI)
   The public sector bank has announced a board meeting on June 26 to consider raising funds through long-term infrastructure bonds. The move aligns with the government’s focus on infrastructure financing and could improve the bank’s credit outlook.

8. Zen Technologies
   Zen has disclosed plans to acquire a majority stake in TISA Aerospace, a defence tech firm specializing in loitering munitions and UAVs. The acquisition, including purchase of convertible debentures, is expected to enhance Zen's position in India’s growing defence innovation landscape.

9. NLC India
   Through its subsidiary, NLC India Renewables, the company has secured a Letter of Award from Tamil Nadu Green Energy Corporation (TNGECL) for three Battery Energy Storage System (BESS) projects of 250 MW/500 MWh capacity. The projects will operate on a Build-Own-Operate (BOO) model and receive Viability Gap Funding (VGF).

10. Bharat Electronics Ltd (BEL)
    BEL announced it has secured fresh orders worth Rs 585 crore since June 5, which include advanced fire control systems, communication gear, jammers, and support services. These new contracts highlight BEL's growing relevance in defence manufacturing and technology integration.

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Market Outlook:

Despite Friday’s robust gains, investors may adopt a wait-and-watch approach amid rising global tensions. Sectoral rotation, geopolitical risk hedging, and safe-haven flows could dominate Monday’s trading activity. Stocks in defence, energy, renewables, and technology may remain resilient, while rate-sensitive and high-beta sectors could see some pressure.