Stocks to Watch: Tata Motors, HAL, Vodafone Idea, IRCTC and more

By Megha Rani   June 24, 2025, 8:46:17 PM IST (Published)

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Tata Motors | Jaguar Land Rover (JLR), Tata Motors’ UK-based luxury brand, is bracing for a potential £1.6 billion hit due to new US tariffs proposed under the Trump regime. These tariffs are part of a broader trade policy shift and may raise costs significantly for foreign automakers. In response, JLR will implement calibrated price hikes, which could impact sales volumes and margins. Investors should monitor how this unfolds in key global markets, particularly the US and EU.

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HAL | Company’s chairman confirmed that the Indian Air Force will receive at least six Tejas Light Combat Aircraft (LCA) by March 2026. This strengthens HAL's order book and supports India’s focus on indigenous defense production under the Make in India initiative. Continued timely delivery could enhance confidence among global buyers and defense partners.

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Sundaram Finance | In a strategic expansion move, the board of Sundaram Finance has approved the acquisition of a 5% stake in India Motor Parts & Accessories Ltd through a block deal. This investment could deepen its exposure in the growing auto components and aftermarket ecosystem, aligning with long-term mobility trends.

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IRCTC | Starting July 1, 2025, Indian Railways is set to roll out a nationwide fare hike across all passenger classes—its first major increase in several years. This move comes as part of efforts to boost revenue and offset escalating fuel, maintenance, and infrastructure costs. As the exclusive online ticketing and tourism arm of Indian Railways, IRCTC could see improved margins, but volumes might dip if price sensitivity kicks in.

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PTC Industries | The company's subsidiary Aerolloy Technologies Ltd (ATL) has signed a Memorandum of Understanding (MoU) with Safran Aircraft Engines, a global leader in aerospace propulsion. The deal focuses on joint manufacturing of components and specialty materials for military aircraft engines. This partnership could unlock new opportunities in aerospace exports and defense collaborations.

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Timex Group India | The company's promoter entity Timex Group Luxury Watches BV (Netherlands) plans to divest up to 15% stake in the company via an Offer for Sale (OFS). The base issue is for 7.5% equity (75.71 lakh shares), with an optional 7.5% green shoe component. The offer opens to non-retail investors on June 25 and retail investors on June 26, with the floor price set at ₹175 per share. Watch this counter for potential changes in promoter holding and investor sentiment.

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Vodafone Idea | Following reports of possible government relief on ₹84,000 crore in dues, Vodafone Idea clarified that it has not received any formal communication. While the stock may respond to speculation, there’s no confirmed policy shift yet.

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Hindalco | Its US-based subsidiary, Aditya Holdings LLC, is set to acquire a 100% stake in AluChem companies for $125 million. The move aligns with Hindalco’s global expansion strategy and could enhance its value-added product portfolio.

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Mastek Ltd | Chief Financial Officer Raghavendra Jha has tendered his resignation, effective July 11, 2025.

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Aurobindo Pharma | The company has announced that its step-down arm, CuraTeQ Biologics s.r.o., received UK MHRA marketing approval for Dyrupeg, a biosimilar of pegylated filgrastim. This authorization marks a key milestone in the company’s European biosimilars expansion and strengthens its pipeline in high-growth therapeutic areas.