Stocks to watch: Lenskart, Central Bank , Meesho, Power Grid, among key stocks in focus on 11 June

Indian benchmark indices Sensex and Nifty 50 are expected to open on a subdued note on Thursday as investors remain cautious amid escalating geopolitical tensions in the Middle East and a sharp rise in crude oil prices.

Weak global cues are likely to weigh on sentiment, with most Asian markets trading lower and US stocks ending in negative territory overnight. The decline on Wall Street was led by semiconductor stocks, while concerns over the intensifying conflict between the United States and Iran and its impact on global energy supplies kept risk appetite in check.

Higher crude oil prices have also heightened fears of persistent inflation and slower global growth, prompting investors to adopt a cautious approach.

Back home, Indian equities ended Wednesday's session on a mixed note after giving up most of their intraday gains due to late-session profit booking. The Sensex rose 64.42 points, or 0.09%, to close at 73,983.18, while the Nifty 50 slipped 27.15 points, or 0.12%, to settle at 23,214.95. Market participants are now closely monitoring global developments and crude oil movements for further direction.

Stocks to Watch

Let's take a look at the latest developments in the stock market. Concentrating on important investments, significant deals, successful contracts, acquisitions, and new stock listings, here’s a concise summary of the stocks that are expected to attract attention during today's trading session.

Central Bank of India

According to a CNBC-TV18 report, the Central Bank of India has raised deposit rates by up to 253 basis points, taking rates to as high as 6% for 3–5-year FCNR(B) deposits, as lenders look to attract foreign currency inflows.

CMR Green Technologies

In a bulk deal, Goldman Sachs Funds – Goldman Sachs India Equity Portfolio purchased 19.41 lakh shares, representing a 0.88% stake, at ₹256.64 per share. The transaction was valued at approximately ₹49.81 crore.

Deccan Gold Mines

The company has signed a definitive Earn-In, Option and Shareholders Agreement for the Logrosan Tungsten Project in Spain. Under the agreement, Deccan Gold will invest €1.76 million to acquire a 51% stake in Logrosan Minera SL by March 2027, with options to increase its holding to 75% and eventually up to 95%, subject to milestones and future funding commitments.

Lenskart Solutions

According to CNBC-TV18, Platinum Jasmine, an investment vehicle owned by the Abu Dhabi Investment Authority (ADIA), is likely to sell a 2.3% stake in Lenskart through a block deal. The transaction is estimated at ₹1,944 crore, with a floor price of ₹486 per share. Platinum Jasmine held a 12.08% stake in the company as of March 2026.

Meesho

Fidelity Investments' investment vehicles sold a combined 5.97 crore shares, representing a 1.31% stake, through block deals worth around ₹988 crore. FID FDI 2117 LLC sold 2.59 crore shares for ₹428.21 crore, while FID FDI 312 LLC offloaded 3.38 crore shares for ₹559.93 crore, both at around ₹165 per share.

PPAP Automotive

PPAP Automotive has entered into a strategic partnership with Hutchinson to manufacture advanced body sealing systems for passenger vehicles in India. The collaboration will provide PPAP access to Hutchinson's technology, engineering expertise, licensed know-how, and technical support.

Power Grid Corporation of India

The company's board has approved the upgradation of SCADA and associated systems of NTAMC/RTAMC at an estimated cost of ₹485.04 crore. The board has also approved an unsecured term loan facility of JPY 80 billion from JBIC and participating financial institutions. Additionally, Venkata S V has been appointed as Chief Financial Officer (CFO) with effect from 1 July.

Punjab National Bank

According to CNBC-TV18, Punjab National Bank has revised its FCNR(B) deposit rates to as high as 6.10% per annum and expects to mobilise nearly $2.5 billion through the scheme.

Sapphire Foods India

In a bulk deal, T. Rowe Price International Discovery Fund acquired an additional 24.62 lakh shares, equivalent to a 0.76% stake, for ₹44.3 crore. Meanwhile, the Government of Singapore sold 21.8 lakh shares, representing a 0.67% stake, for ₹39.35 crore.

Vascon Engineers

The company has received a Letter of Intent (LoI) worth ₹347.43 crore from the Central Public Works Department (CPWD), Guwahati, for the demolition and redevelopment of RBI quarters at Zoo-Narengi Road Colony, Guwahati, Assam. The project will be executed on an EPC basis.

Zee Entertainment Enterprises

The board has approved plans to raise a minimum of ₹2,300 crore in one or more tranches to support the company's strategic and business expansion initiatives.

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