On June 16, 2025, Indian stock markets witnessed sharp movements in several high-profile counters, with Tata Motors, Sterlite Technologies, Omaxe, and PI Industries being among the most actively discussed. While macroeconomic cues and sector-specific developments triggered volatility, select counters rallied sharply on company-specific triggers.

Below is a rundown of the top 10 stocks that moved the most during the trading session on June 16:

1. Tata Motors | CMP: Rs 685.3 | ↓ 5%

Tata Motors shares fell sharply by up to 5 percent after its UK-based subsidiary Jaguar Land Rover (JLR) issued cautious financial guidance for FY26.

In its latest investor presentation, JLR flagged macro risks and projected free cash flow to be “close to zero” in FY26, even as it plans to continue investments in innovation and manufacturing. Despite this, JLR aims to maintain EBIT margins between 5–7 percent, reflecting resilience in operations. However, the near-term outlook prompted investor caution, dragging down Tata Motors stock.

2. Sterlite Technologies | CMP: Rs 99.9 | ↑ 20%

Sterlite Tech shares skyrocketed up to 20 percent, buoyed by a strategic expansion into AI-driven data centre infrastructure.

The company announced a new range of next-gen connectivity solutions, from advanced cabling to full-stack offerings tailored for AI-led data centres. Sterlite also cited industry forecasts projecting the global data centre market to reach $517 billion by 2030, growing at a CAGR of 10.5 percent.

The development positioned Sterlite as a key beneficiary of rising AI infrastructure demand, drawing heavy investor interest.

3. Mazagon Dock Shipbuilders | CMP: Rs 3,165 | ↓ 2%

Mazagon Dock shares fell around 2 percent, continuing a short-term decline following a record rally in recent weeks. The stock had surged on expectations of higher defence orders, particularly post Operation Sindoor.

However, analysts have now flagged the elevated valuations, suggesting the recent rally may have run ahead of fundamentals. Additionally, rising geopolitical tensions in the Middle East, especially between Israel and Iran, had further boosted defence-linked counters like Mazagon Dock earlier this month.

4. Omaxe | CMP: Rs 107.6 | ↑ 13.4%

Omaxe stock rallied over 13 percent after the real estate firm announced a major land acquisition in Amritsar. The company revealed it has acquired 260 acres, and in the first phase, 127 acres will be developed with an investment exceeding Rs 1,000 crore.

The upcoming township will be located just 12 minutes from the Golden Temple and will feature a hotel and potential expansion opportunities. This announcement lifted investor sentiment in the stock, as the deal is expected to significantly boost long-term revenue visibility.

5. PI Industries | CMP: Rs 4,150 | ↑ on rating upgrade

PI Industries shares rose sharply after international brokerage Morgan Stanley upgraded the stock to ‘Over-weight’ from ‘Equal-weight’.

The upgrade comes with a massive 42 percent hike in target price from Rs 3,524 to Rs 5,000. The brokerage cited a likely rebound in the global agri-chemical cycle, projecting higher volumes, better asset utilisation, and margin gains through operating leverage in FY26.

This bullish outlook on PI’s core segment led to fresh buying interest.

6. Hindustan Zinc | CMP: Rs 370 | ↑ marginally

Hindustan Zinc shares edged higher after reports suggested that the company is likely to benefit from stable metal prices and lower input costs. The firm’s steady dividend history and improved operating metrics added to investor comfort.

7. BHEL | CMP: Rs 303 | ↓ 2.5%

Bharat Heavy Electricals Ltd. (BHEL) saw its stock dip by 2.5 percent amid broader concerns over execution risks and delay in order inflows. Although the government’s push on infrastructure remains a positive, analysts remain cautious about the company’s near-term revenue visibility.

8. Infosys | CMP: Rs 1,432 | ↑ 1.8%

Infosys gained nearly 2 percent, tracking positive sentiment in the IT services space. Market buzz around potential large deal wins and improving offshore margins supported buying activity.

9. JSW Energy | CMP: Rs 493 | ↑ 3.2%

JSW Energy rose over 3 percent, buoyed by expectations of new green energy contracts and interest in energy transition themes. The company continues to attract investor attention with its strategic shift towards solar and wind power.

10. SpiceJet | CMP: Rs 59 | ↓ 4%

SpiceJet fell by around 4 percent, as concerns mounted over the airline’s financial stability and ongoing legal battles. Despite positive commentary around domestic aviation recovery, the stock remains volatile due to unresolved legacy issues.

Conclusion

June 16 saw a mixed trading session with sharp sector-specific movements. While companies like Sterlite Tech, Omaxe, and PI Industries gained on strong business triggers, counters like Tata Motors and Mazagon Dock saw selling pressure due to valuation concerns and conservative forward guidance.

Market watchers will keep a close eye on upcoming macro data, Q1 FY26 earnings, and global risk factors to gauge near-term market direction.

The Upcoming IPOs in this week and coming weeks are Safe Enterprises Retail Fixtures, Globe Civil Projects, Sambhav Steel Tubes, Ellenbarrie Indutrial Gases, Kalpataru, HDB Financials, AJC Jewel, ArisInfra Solutions, Influx Healthtech, Mayasheel Ventures, Eppeltone Engineers.

The Current active IPO are Oswal Pumps, Patil Automation, Samay Projects Services, Aten Papers, Monolithisch India.

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