Stocks to Watch Today, June 30, 2026: Bajaj Auto, YES Bank, HDFC Bank, SIS, and Sterling and Wilson

Mumbai: June 30: Investors on Tuesday will be tracking Bajaj Auto after the company announced a buyback starting July 1. HDFC Bank shares will be under spotlight after it announced two key appointments on Monday while Yes Bank shares will be in focus after the board approved to raise Rs 16K crore capital. Here is what you should track. 

Bajaj Auto (BAJAJ-AUTO) Buyback to Open for Tender July 1; Closure July 7 

Shares of Bajaj Auto will open for buyback on July 1 and close July 7 as the two-wheeler maker’s Rs 5,632.8 crore share buyback programme received shareholder approval earlier this month. The buyback of up to 46.94 lakh fully paid- up equity shares at Rs 12,000 each, or 1.68% of the total outstanding equity capital of the company will be done through tender offer route. The buyback price is at a discount of about 19% to the stock’s current market price, providing eligible shareholders with a decent exit. However, analysts expect the theoretical entitlement ratio to remain low, given the small size of the issue compared to the number of shareholders of the company. They expect the TER to be in the range of 4.5%-5%. The board had initially approved the buyback proposal on May 6. The shareholders gave their approval via postal ballot last week. The buyback is open for subscription from July 1. Promoters and the promoter group, holding 55.01%, have decided not to participate in the buyback. This will result in a higher entitlement ratio for shareholders who decide to tender their shares. Bajaj Auto’s Rs 5,632.8 crore buyback is its largest-ever. Its previous buyback was of Rs 4,000 crore it did in 20 24 at Rs 10,000 a share. Bajaj Auto has earmarked 15% of the buyback for small shareholders i.e., shareholders having shares up to Rs 2 lakh in market value. 

YES Bank (YESBANK) Board Nods 16K-Cr Capital Raise Via Equity, Debt 

YES Bank’s board has approved the issuance of eligible equity securities worth up to Rs 7,500 crore, and debt securities worth up to Rs 8,500 crore, with the stipulation that shareholders and regulatory approvals are sought and received. Together, these issuances would help the private lender raise up to Rs 16,000 crore via equity and debt. The bank also said that the overall equity dilution through this issue would be limited to a maximum of 10%. The notice for the bank’s 22nd Annual General Meeting was also approved by the board. Shareholders at the upcoming AGM to be held on August 19 will have to ratify the proposals put forward by the board. Proceeds from the debt issuance would be used to repay existing debt, the bank said. YES Bank can issue these debt securities in India and internationally, in one or more tranches and the securities can be convertible as well. As of March 31, YES Bank’s capital adequacy ratio stood at 15.3%, well above the regulatory minimum of 9%. YES Bank posted bumper annual earnings on Tuesday with net profit jumping 45% to Rs 3,476 crore for FY26 on lower loan-loss provisions. 

HDFC Bank (HDFCBANK) Appoints Rajiv Kumar as Part-Time Chairman 

HDFC Bank board approved the appointment of Rajiv Kumar as an Additional Director (Independent Director) of the bank for a term of four years effective June 30 and until further notice. Kumar has also been appointed as the Part-time Chairman of the bank for three years from July 1, subject to the Reserve Bank of India (RBI) approval. Kumar is a 1984-batch IAS officer who retired as Finance Secretary of India in February 20,20. During his stint at the ministry, he was in charge of public sector banks and developed the sector’s “4R strategy” relating to recognition, resolution, recapitalisation and reforms of PSB balance sheets. He also previously served as Chief Election Commissioner. Kumar fills the part-time chairman position on completion of the lengthy leadership transition process at HDFC Bank that began after the resignation of previous chairman Deepak Kapoor. Kapoor’s successor Virat Becker was appointed but never took charge as Keki Mistry, a veteran banker and independent director with HDFC Bank continued to serve as interim part-time chairman after RBI granted him a one-year extension. Meanwhile, the bank has also approved the appointment of Puneet Sharma, as Chief Financial Officer-Designate with effect from September 1 and Chief Financial Officer with effect from December 1, to replace incumbent CFO Srinivasan Vaidyanathan. Sharma is currently Chief Financial Officer of Axis Bank and will join HDFC Bank after his retirement from Axis Bank on August 31. The board has approved a revised notice of meeting for the 32nd Annual General Meeting of the bank to be held on August 5. The revised notice will include all the three resolutions relating to the appointments of Rajiv Kumar and Puneet Sharma along with the approval of accounts. 

SIS (SIS) Board Clears Rs 120-Crore Buyback; Fifth Buyback Since Listing 

The board of SIS has approved a Rs 120 crore buyback proposal. This will be the fifth buyback since the company listed in August 2017. The buyback will be done at a maximum price of Rs 478.50 per share. Buybacks have been one of the routes through which SIS has returned cash to shareholders over the years. Buybacks will also help improve its return on equity through a reduction in equity base. Shareholder returns through dividends and buybacks is expected to amount to Rs 720 crore since its listing, if the company goes ahead with the buyback. The buyback comes just days after the company announced that it bought additional shares in Updater Services, taking its stake to 4.63%. SIS provides security services and facility management services. 

Sterling and Wilson Renewable Energy (SWSOLAR) Joint-Venture Bags $560-Million Solar Project in Egypt 

Sterling and Wilson Renewable Energy’s joint venture with Hassan Allam Construction, Egypt has won a solar power project worth $560 million. The West Minya Solar Power Project located in Minya Governorate of Egypt is expected to deliver 1,000 MWac of solar photovoltaic capacity alongside a 600 MWh battery energy storage system. The joint venture has signed an engineering, procurement and construction contract for this project with Hassan Allam Utilities’ Energy Platform (HAEP). The joint venture has been mandated to execute the installation of photovoltaic generation facilities, battery storage system along with ancillary grid interconnection works and transmission facilities and associated balance- of-plant works. Sterling and Wilson Renewable Energy is part of a joint venture with Hassan Allam Construction on a 50:50 basis. Hassan Allam Construction is one of the largest contractors in Egypt and the MENA region. The solar power project forms part of Egypt’s push to produce 42% of its electricity from renewable sources by 20 30. The bank said it will mark the completion of three gigawatt- scale orders for the company in nine months. This order is expected to test-customer confidence in the company’s ability to execute on its targets across markets. 

Sources

• bseindia.com
• nseindia.com
• Company regulatory filings
• Press Trust of India