LIC, IRFC, Cummins India, Tata Motors PV and ONGC are among the key stocks to watch today, June 25, after a mix of leadership changes, government stake sales, capex plans and global energy developments put these counters in focus.
The bigger market setup is supportive. Sensex jumped 790.54 points on Wednesday to close at 76,991.22, while Nifty 50 gained 197.55 points to end above 24,000 at 24,021.65. Bank Nifty outperformed, closing 1.68% higher at 58,150.35. Softer crude, banking strength and improved global cues helped sentiment. But stock-specific news may drive sharper moves today.
Stocks To Watch Today
| Stock | Key Trigger | Why It Matters |
|---|---|---|
| LIC | CFO Sunil Agrawal resigns | Leadership vacancy before July AGM |
| IRFC | OFS 1.86x subscribed by non-retail investors | ₹2,300 crore potential proceeds |
| Cummins India | Exports under pressure | Domestic demand becomes key FY27 driver |
| Tata Motors PV | Large capex and FY31 targets | Capacity, EV, and margin roadmaps in focus |
| ONGC | Venezuela stake talks | $600 million dividend recovery angle |
LIC: CFO Sunil Agrawal Resigns Before July AGM
Life Insurance Corporation of India disclosed that Chief Financial Officer and Key Managerial Personnel Sunil Agrawal resigned on June 24, 2026, to pursue better prospects. His resignation will be effective from the close of business hours on July 14.
This is not just another management exit. Agrawal was LIC’s first external CFO hire and had joined the insurer in 2022 from Reliance Nippon Life Insurance. Before him, LIC had largely relied on internal promotions for the finance function.
No replacement has been announced yet. That is the key investor watch point.
LIC has separately approved Jayasimhan Madabhushi Matam Tirumala as Chief Compliance Officer and KMP, effective June 24, subject to IRDAI clearance. But that is a different role. It does not fill the CFO vacancy.
The timing is important because LIC’s 5th AGM is scheduled for July 27, 2026. The company has also fixed June 25 as the record date for its ₹10 final dividend for FY26. Investors will watch whether LIC names a new finance head before or after the AGM.
IRFC: OFS Gets Strong Demand, But Stock Falls
Indian Railway Finance Corporation remains one of the biggest stocks to watch today after the government’s Offer for Sale saw strong demand from non-retail investors.
The non-retail portion of the IRFC OFS was subscribed 1.86 times on Day 1. Investors placed bids worth more than ₹1,900 crore. Following the response, the government decided to exercise the greenshoe option, taking the total stake on offer to 2%.
At the floor price of ₹91 per share, the full OFS could fetch more than ₹2,300 crore for the exchequer.
| IRFC OFS Detail | Figure |
|---|---|
| Floor price | ₹91 per share |
| Total stake on offer | Up to 2% |
| Shares on offer | 26.13 crore |
| Non-retail subscription | 1.86x |
| Non-retail bids | Over ₹1,900 crore |
| Potential proceeds | Over ₹2,300 crore |
That’s the positive part.
The stock reaction was less comfortable. IRFC shares fell sharply during Wednesday’s session as the discounted floor price created a supply overhang. The stock closed at ₹92.53 on BSE, down 6.24%, even though institutional demand was strong.
Retail investors and eligible employees can bid on June 25. The key question now is whether retail demand absorbs the remaining supply or whether the OFS discount keeps pressure on the stock.
Check live: INDIAN RAILWAY FINANCE CORPORATION Max Pain Live Chart For NSE Stock/Share Price Live
Cummins India: Domestic Demand Becomes The Main Engine
Cummins India is entering FY27 with a clear split in its business. Domestic demand looks strong. Exports are still weak.
The company is banking on India’s infrastructure cycle, data centres, power generation, railways, ports and marine demand to support growth. But exports, which contributed around 17% of FY26 revenue, remain under pressure.
That number is important. Exports were much higher earlier, around 26–27% of revenue in FY23. The decline shows how much the company’s growth mix has shifted toward India.
The Middle East conflict has added another layer of uncertainty. Higher logistics costs, commodity pressure and supply-chain disruption are hurting export visibility. For investors, the Cummins story is now less about global recovery and more about whether domestic demand can keep margins and revenue growth intact through FY27.
Tata Motors PV: Big FY31 Targets, But Margins Need Watching
Tata Motors Passenger Vehicles has laid out an aggressive growth roadmap. The company is targeting domestic passenger vehicle revenue of ₹1.4 lakh crore by FY31, compared with ₹58,500 crore in FY26.
Annual volumes are targeted to rise to over 1.2 million units, while production capacity is expected to expand from about 900,000 units to 1.3 million units.
The investment plan is large. Tata Motors PV is expected to deploy ₹37,500–40,000 crore through FY31, while Reuters reported investment of ₹330–350 billion across passenger and EV businesses over FY26–FY30.
| Tata Motors PV Target | FY26 / Current | FY31 Target |
|---|---|---|
| Domestic PV revenue | ₹58,500 crore | ₹1.4 lakh crore |
| Annual volumes | 641,586 units | Over 1.2 million units |
| Capacity | Around 900,000 units | 1.3 million units |
| India PV EBITDA margin | Current lower base | 10% target |
| India PV EBIT margin | Current lower base | More than 5% target |
The less obvious point is margin quality. Tata Motors PV is targeting 10% EBITDA margin and more than 5% EBIT margin for the India passenger vehicle business by FY31. That makes product mix, EV profitability and capacity utilisation crucial.
Check Live: TATA MOTORS PASSENGER VEHICLES Share Price Chart
ONGC: Venezuela Deal Depends On US Approval
ONGC is also in focus after reports that it is in talks with Venezuela’s state oil company PDVSA to acquire full or partial stakes in two oilfields — San Cristobal and Carabobo-1.
ONGC Videsh already holds 40% in San Cristobal. It also has exposure to Carabobo-1, while PDVSA holds majority stakes. The larger aim is operational control and recovery of stuck dividends.
ONGC Videsh has around $600 million in pending Venezuelan dividends. A stronger operating position could improve its ability to recover those dues, but this is not automatic.
The deal still needs specific US approval because Venezuela remains under sanctions. OFAC’s General License 46 eased some oil-related transactions for established US entities, but ONGC, as an Indian state enterprise, still needs separate clearance. No approval timeline has been confirmed.
Market Setup: Banks Lead, Crude Cools
The broader market is entering today’s session with positive momentum. Bank Nifty formed a bullish engulfing pattern around the 57,000 support zone and closed above last week’s high. India VIX also eased, pointing to calmer short-term risk sentiment.
But the stock-specific triggers are more important today. IRFC has OFS supply. LIC has a governance vacancy. Tata Motors PV has ambitious FY31 targets. ONGC has a sanctions-linked deal trigger. Cummins has a domestic-demand-versus-export-pressure story.
That mix should keep these five counters active in trade.
FAQ
Which stocks are in focus today?
LIC, IRFC, Cummins India, Tata Motors PV and ONGC are in focus due to leadership changes, OFS demand, FY27 outlook, capex plans and Venezuela-linked developments.
Why did IRFC fall despite strong OFS demand?
IRFC fell because the OFS floor price of ₹91 was set at a discount to the previous market price, creating a near-term supply overhang.
Who will replace LIC CFO Sunil Agrawal?
LIC has not announced a CFO replacement yet. Agrawal’s resignation is effective from July 14, 2026.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult a SEBI-registered financial advisor before making investment decisions.
