The Indian equity landscape saw several key company-specific developments on June 26, 2025, with Motilal Oswal initiating coverage on Inox Wind, and major operational updates from Hero MotoCorp, Adani Ports, JSW Energy, Lupin, Ceigall India, and Maruti Suzuki.

These developments cover a broad range of industries, including renewable energy, automobiles, infrastructure, logistics, and pharmaceuticals—each contributing to sector-specific momentum in the stock markets.

Motilal Oswal Initiates Buy Coverage on Inox Wind

Brokerage firm Motilal Oswal began coverage on Inox Wind with a ‘Buy’ rating and a target price of ₹210, citing its strong execution pipeline and robust earnings potential.

• The company has a firm order book of 3.2 GW, highlighting visibility of future revenues.

• It is expected to ramp up wind turbine generator production from 705 MW in FY25 to 1.8 GW by FY28.

• Motilal Oswal estimates a strong EBITDA CAGR of 38% over FY26–FY28, driven by operational scale-up and improving margins.

With India accelerating its clean energy transition, Inox Wind is well-positioned to benefit from policy tailwinds and execution of renewable energy tenders.

Hero MotoCorp Sales Jump 10% YoY in June 2025

Hero MotoCorp posted a solid recovery in its sales numbers for June, delivering a 10% YoY rise in total wholesales to 5.5 lakh units, led by robust demand for scooters and domestic two-wheelers.

• The standout performance was in exports, which soared 140% YoY to 28,827 units.

• Domestic demand remains resilient, supported by higher rural off-take and improving consumer sentiment.

Hero’s expanding product range in scooters and premium motorcycles is playing a pivotal role in sustaining volume momentum as rural incomes stabilize.

Adani Ports Sees Strong Growth in Container Volumes

Adani Ports and Special Economic Zone (APSEZ) reported handling 41.3 MMT of cargo in June 2025, with a notable 15% YoY jump in container segment volumes.

• Rail logistics volumes also surged, with a 14% YoY increase to 62,146 TEUs, reflecting enhanced multimodal connectivity.

• The company is benefitting from improved port efficiencies, automation, and rising trade flow.

With its diversified cargo mix and pan-India presence, Adani Ports continues to be the bellwether in India's port logistics space.

JSW Energy Bags Battery Storage Projects in Rajasthan

JSW Energy secured a significant work order from Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) to develop three standalone Battery Energy Storage System (BESS) projects.

• The total capacity of the BESS is 250 MW/500 MWh, underlining JSW’s focus on energy storage as a future growth driver.

• These BESS projects will enhance grid stability, support renewable integration, and provide backup during peak demand periods.

JSW is rapidly diversifying into renewable energy, green hydrogen, and energy storage solutions, in line with India’s decarbonization agenda.

Lupin Gets USFDA Approval for Eye Gel Drug

Pharma major Lupin has received USFDA approval for its abbreviated new drug application (ANDA) for Loteprednol Etabonate Ophthalmic Gel.

• The drug is a bioequivalent of Bausch & Lomb’s Lotemax SM and is used to treat postoperative inflammation and pain in eye surgeries.

• The US market size for this drug is estimated at $29 million annually, according to IQVIA.

This marks another step in Lupin’s strategy to expand its ophthalmic and complex generics portfolio, especially in the US market.

Ceigall India Surges on Rs 1,199 Cr Ayodhya Bypass Project

Shares of Ceigall India surged after its subsidiary, Ceigall Northern Ayodhya Bypass, bagged a Rs 1,199.3 crore order from the National Highways Authority of India (NHAI).

• The project involves constructing a 35.4 km 4/6-lane bypass on NH-27 in Ayodhya.

• This is a crucial infrastructure development around Ayodhya, which is witnessing large-scale urban transformation and pilgrimage-focused investments.

The contract further enhances Ceigall’s credentials as a leading player in highway EPC (engineering, procurement, and construction).

Maruti Suzuki Sales Decline 6.3% YoY in June

Contrary to some of its peers, Maruti Suzuki India Ltd saw a dip in performance:

• Total wholesales dropped 6.3% YoY to 1.7 lakh units

• Passenger vehicle sales fell 13.3%, primarily due to weaker demand for entry-level hatchbacks

• On a positive note, exports rose 21.9% YoY, reflecting strength in global markets

The company is aiming for a better second half as it banks on festive demand, new model launches, and export push.

Conclusion: Strong Sectoral Performance with Stock-Specific Drivers

The Indian equity market on June 26 saw a flurry of stock-specific developments that could shape near-term investor sentiment. From Motilal Oswal’s bullish view on Inox Wind to strong order wins and product approvals, these updates reflect the multi-sector growth momentum across:

• Renewables and energy storage (JSW Energy, Inox Wind)

• Auto and mobility (Hero MotoCorp, Maruti Suzuki)

• Pharma and healthcare (Lupin)

• Infrastructure and logistics (Adani Ports, Ceigall India)

The Upcoming IPOs in this week and coming weeks are Smarten Power Systems, Glen Industries, Travel Food Services, Anthem Biosciences, Chemkart India, Meta Infotech, Happy Square Outsourcing Services, Cryogenic OGS.

The Current active IPO are Crizac, Silky Overseas, Vandan Foods, Pushpa Jewellers, Cedaar Textile, Marc Loire Fashions.

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