Stocks to Watch on June 23: TCS, Infosys, HAL, BEL, ONGC in Spotlight Amid US-Iran Escalation
June 22, 2025: As Indian markets open on Monday, June 23, amid rising global uncertainty due to escalating tensions between the US and Iran, several key stocks are expected to remain in focus. From IT majors reacting to Accenture’s earnings to defence stocks gaining on fresh orders, and energy companies responding to geopolitical volatility, here’s a look at stocks making headlines:
The IT sector will likely respond to Accenture’s earnings update, where the consulting major narrowed its full-year revenue growth guidance to 6–7%. This could spark sentiment in Indian IT giants like TCS, Infosys, and Wipro, given their global exposure and client alignment.
Also Read: Oil Prices Surge, Asian Markets Tumble as Middle East Crisis Threatens Strait of Hormuz
The NCLAT has overturned a previous NCLT order, allowing lenders to initiate a new bidding process for Raigarh Champa Rail Infrastructure, offering potential revival to the asset and strategic value for JSW.
HAL won the bid to acquire SSVL technology from ISRO at ₹511 crore. The deal reinforces HAL’s growing dominance in indigenous space and defence tech.
The value of an existing solar EPC order has been revised upward by ₹246.92 crore, bringing the total project worth to ₹1,480.40 crore, highlighting the company’s expanding project pipeline.
BEL has secured new orders worth ₹585 crore since June 5, adding to its robust defence order book and bolstering prospects amid rising security demand.
The pharma firm’s API Unit-I in Bonthapally, Telangana, underwent a US FDA inspection concluding with a single Form 483—a relatively minor concern, indicating operational stability.
ONGC’s board has cleared a corporate guarantee worth $412 million to support its overseas unit OVL’s IFSC operations, reflecting strategic financial backing amid global oil market volatility.
The bank will evaluate a proposal to raise capital via long-term infrastructure bonds in a meeting on June 26. In FY24-25, it raised ₹2,690 crore via bonds with a 7.5% coupon rate and strong demand.
The biopharma giant secured ₹4,500 crore via QIP (Qualified Institutions Placement) last week, a move expected to fund R&D and expansion initiatives in its biosimilar and API segments.
The RBI’s decision to ease priority sector lending norms by 15 percentage points for small finance banks could ease credit stress and boost profitability for players in this segment.
With the Middle East crisis escalating, including U.S. strikes on Iranian nuclear sites, markets will closely watch ONGC, energy stocks, and defence counters like HAL and BEL. Rising crude oil prices and geopolitical risks may also cause volatility across sectors.
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Stocks to Watch, TCS, Infosys, HAL, BEL, ONGC, Biocon, Waaree Renewable, Granules India, Bank of India, Small Finance Banks, US-Iran Conflict, Accenture Earnings, Nifty Today, Stock Market June 23
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