{"id":15276,"date":"2026-06-23T05:21:25","date_gmt":"2026-06-23T05:21:25","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/finance\/craftsman-jsw-infra-tcs-focus-2026-06-23\/"},"modified":"2026-06-23T05:22:45","modified_gmt":"2026-06-23T05:22:45","slug":"craftsman-jsw-infra-tcs-focus-2026-06-23","status":"publish","type":"post","link":"https:\/\/lemonn.co.in\/blog\/market-updates\/craftsman-jsw-infra-tcs-focus-2026-06-23\/","title":{"rendered":"Craftsman block deal, JSW Infra QIP keep stocks in focus"},"content":{"rendered":"
\"Craftsman<\/figure>\n\n\n

Indian equities ended higher on Monday with the Nifty 50 at 24,102.90<\/strong>, while traders turned attention to a \u20b9486 crore<\/strong> block deal in Craftsman Automation<\/strong> and fresh capital-raising moves by JSW Infrastructure<\/strong>, Vodafone Idea<\/strong> and IIFL Finance<\/strong> ahead of Tuesday’s session.<\/p>\n\n\n\n

Improving global risk sentiment, aided by progress in US\u2013Iran talks and softer crude prices, underpinned the broader market tone even as domestic flows shifted toward stocks with near-term fund-raising or corporate action triggers.<\/p>\n\n\n\n

Market overview<\/h2>\n\n\n\n
Index<\/strong><\/th>24 Jun Close<\/strong><\/th>Move & % Change<\/strong><\/th>Comments<\/strong><\/th><\/tr><\/thead>
Sensex<\/strong><\/td>77,094.07<\/td>+291 pts (+0.38%)<\/td>Recovered part of Friday’s losses, led by banking shares.<\/td><\/tr>
Nifty 50<\/strong><\/td>24,102.90<\/strong><\/td>+89.80 pts (+0.37%)<\/td>Held above 24,100 as risk appetite improved on global cues.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
    \n
  • Nifty gains driven by banking sector strength and supportive global sentiment.<\/li>\n\n\n\n
  • Gift Nifty near 24,149<\/strong>, indicating a flat to mildly positive open.<\/li>\n\n\n\n
  • Crude softness and US\u2013Iran diplomatic progress aided risk-on positioning.<\/li>\n<\/ul>\n\n\n\n

    Key stocks in focus<\/h2>\n\n\n\n
      \n
    • Primary keyword: stocks in focus<\/strong><\/li>\n<\/ul>\n\n\n\n
        \n
      • Tata Consultancy Services (TCS)<\/strong> board to meet on 9 July<\/strong> to approve June quarter results.<\/li>\n\n\n\n
      • TCS board will also consider an interim dividend on the same date.<\/li>\n\n\n\n
      • Vodafone Idea<\/strong> to issue 430 crore warrants<\/strong> on a preferential basis.<\/li>\n\n\n\n
      • Warrants allotted to Suryaja Investments Pte. Ltd., part of the Aditya Birla promoter group.<\/li>\n\n\n\n
      • IIFL Finance<\/strong> board to meet on 27 June<\/strong> to consider equity fund raising.<\/li>\n\n\n\n
      • Birla Corporation<\/strong> started coal mining operations at the Bikram coal block in Madhya Pradesh.<\/li>\n\n\n\n
      • Transrail Lighting<\/strong> approved 100 percent acquisition of Gactel Turnkey from Ajanma Holdings.<\/li>\n<\/ul>\n\n\n\n

        Craftsman Automation block deal and QIP<\/h2>\n\n\n\n
          \n
        • Craftsman Automation<\/strong> traded about 5.25 lakh shares<\/strong> in a pre-market block deal.<\/li>\n\n\n\n
        • Average deal price \u20b99,250<\/strong> per share, implying value near \u20b9486 crore<\/strong>, per exchange data.<\/li>\n\n\n\n
        • Promoter Srinivasan Ravi<\/strong> is looking to sell up to 2.01%<\/strong> stake via the block.<\/li>\n\n\n\n
        • Floor price set at \u20b99,250<\/strong>, at a discount to the previous close.<\/li>\n\n\n\n
        • Stock ended Monday at \u20b99,470<\/strong>, down 3.43%<\/strong> in the prior session.<\/li>\n\n\n\n
        • Shares have gained 23%<\/strong> so far in 2026<\/strong>, despite recent volatility.<\/li>\n\n\n\n
        • Block sale follows a recent QIP where Craftsman raised nearly \u20b92,000 crore<\/strong>.<\/li>\n\n\n\n
        • Company allotted 22.98 lakh<\/strong> shares at \u20b98,700<\/strong> per share to qualified buyers.<\/li>\n\n\n\n
        • Paid-up equity capital rose to \u20b913.08 crore<\/strong> (2.62 crore shares of face value \u20b95).<\/li>\n\n\n\n
        • Earlier capital was \u20b911.93 crore<\/strong>, with 2.39 crore equity shares.<\/li>\n\n\n\n
        • QIP remained open from 15 June<\/strong> to 18 June<\/strong>.<\/li>\n\n\n\n
        • Promoters held 48.70%<\/strong> stake as per March quarter shareholding pattern.<\/li>\n<\/ul>\n\n\n\n

          JSW Infrastructure and other capital raises<\/h2>\n\n\n\n
            \n
          • JSW Infrastructure<\/strong> launched a QIP to raise up to \u20b97,503 crore<\/strong>.<\/li>\n<\/ul>\n\n\n\n
            Company<\/strong><\/th>Instrument \/ Route<\/strong><\/th>Size \/ Details<\/strong><\/th>Purpose \/ Context<\/strong><\/th><\/tr><\/thead>
            JSW Infrastructure<\/strong><\/td>QIP (fresh + OFS)<\/td>\u20b97,503 crore<\/strong> total; \u20b96,555 crore fresh, \u20b9948 crore OFS<\/td>Expansion, debt repayment, strategic investments.<\/td><\/tr>
            Craftsman Automation<\/strong><\/td>QIP<\/td>\u20b92,000 crore<\/strong> via 22.98 lakh shares at \u20b98,700<\/td>Balance sheet strengthening and growth capital.<\/td><\/tr>
            Vodafone Idea<\/strong><\/td>Preferential warrants<\/td>430 crore warrants<\/strong> to Suryaja Investments<\/td>Capital infusion by promoter group entity.<\/td><\/tr>
            IIFL Finance<\/strong><\/td>Proposed equity issue<\/td>Size not disclosed<\/td>Board to consider equity fund raise on 27 June.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
              \n
            • JSW Infra QIP proceeds earmarked for expansion, debt reduction and strategic investments.<\/li>\n\n\n\n
            • JSW Infra issue structure: \u20b96,555 crore<\/strong> fresh issue, \u20b9948 crore<\/strong> offer for sale.<\/li>\n\n\n\n
            • Vodafone Idea warrant issue signals continued promoter support for capital needs.<\/li>\n\n\n\n
            • IIFL Finance exploring equity issuance to bolster capital adequacy and growth funding.<\/li>\n<\/ul>\n\n\n\n

              Other corporate developments<\/h2>\n\n\n\n
                \n
              • Bharat Electronics (BEL)<\/strong> secured fresh orders worth \u20b91,081 crore<\/strong> since 25 May 2026<\/strong>.<\/li>\n<\/ul>\n\n\n\n
                Company<\/strong><\/th>Development<\/strong><\/th>Notes<\/strong><\/th><\/tr><\/thead>
                Bharat Electronics<\/strong><\/td>New orders \u20b91,081 crore<\/strong><\/td>Includes communication systems, radars, CBRN gear, seekers, avionics and services.<\/td><\/tr>
                Hindustan Zinc<\/strong><\/td>MoU on green hydrogen<\/td>Partnered with Advantek Associates and Aero Eagle Automobiles for clean energy integration.<\/td><\/tr>
                GHV Infra Projects<\/strong><\/td>Work order \u20b9213 crore<\/strong> (incl. GST)<\/td>Composite civil, electrical, mechanical and S&T works from GHV (India) Pvt Ltd.<\/td><\/tr>
                Info Edge<\/strong><\/td>AI startup portfolio update<\/td>Portfolio at \u20b91,268 crore<\/strong> on \u20b9614 crore<\/strong> invested across 28 firms.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
                  \n
                • BEL orders cover upgrades, spares and maintenance services across defence electronics.<\/li>\n\n\n\n
                • Hindustan Zinc MoU aims to evaluate green hydrogen and other clean energy options.<\/li>\n\n\n\n
                • GHV Infra order spans multiple engineering disciplines, adding to execution pipeline.<\/li>\n\n\n\n
                • Info Edge AI portfolio shows 2.1x<\/strong> return multiple and estimated 31%<\/strong> gross IRR.<\/li>\n<\/ul>\n\n\n\n

                  Technical and sentiment backdrop<\/h2>\n\n\n\n
                    \n
                  • Analysts cited banking sector buoyancy and sector rotation as key supports for indices.<\/li>\n\n\n\n
                  • Index advance remains gradual despite positive bias, indicating measured risk-taking.<\/li>\n\n\n\n
                  • Diplomatic progress in US\u2013Iran talks continues to support global risk sentiment.<\/li>\n\n\n\n
                  • One market participant noted a “cautiously positive bias” as talks build a “good foundation”.<\/li>\n\n\n\n
                  • Lower crude prices reduce macro headwinds and support domestic equity valuations.<\/li>\n<\/ul>\n\n\n\n

                    FAQs<\/h2>\n\n\n\n

                    Q: Why is Craftsman Automation in focus today?<\/strong><\/p>\n\n\n\n

                      \n
                    • Large pre-market block deal of about \u20b9486 crore<\/strong> and a recent \u20b92,000 crore<\/strong> QIP have altered its shareholding and capital structure, drawing trader interest.<\/li>\n<\/ul>\n\n\n\n

                      Q: What is significant about JSW Infrastructure’s QIP?<\/strong><\/p>\n\n\n\n

                        \n
                      • JSW Infra plans to raise up to \u20b97,503 crore<\/strong>, combining a large fresh issue and offer for sale, with proceeds targeted at expansion, debt repayment and strategic investments.<\/li>\n<\/ul>\n\n\n\n

                        Q: Which other stocks are being watched by traders?<\/strong><\/p>\n\n\n\n

                          \n
                        • TCS (upcoming results and interim dividend consideration), Vodafone Idea (promoter-backed warrants), IIFL Finance (proposed equity raise), Bharat Electronics, Hindustan Zinc, GHV Infra Projects, Birla Corporation and Transrail Lighting are all in focus due to recent announcements.<\/li>\n<\/ul>\n\n\n\n

                          Frequently Asked Questions<\/h2>\n\n\n\n

                          Why is Craftsman Automation in focus today?<\/h3>\n\n\n\n

                          Craftsman Automation saw a pre-market block deal of about \u20b9486 crore and recently raised nearly \u20b92,000 crore via a QIP, changing its ownership and capital profile and drawing trader attention.<\/p>\n\n\n\n

                          What is the size and purpose of JSW Infrastructure\u0019s QIP?<\/h3>\n\n\n\n

                          JSW Infrastructure launched a QIP of up to \u20b97,503 crore, including a \u20b96,555 crore fresh issue and \u20b9948 crore offer for sale, to fund expansion, repay debt and support strategic investments.<\/p>\n\n\n\n

                          Which major corporate actions are driving stock-specific moves?<\/h3>\n\n\n\n

                          Key actions include TCS\u0019s July 9 results and interim dividend consideration, Vodafone Idea\u0019s 430 crore promoter warrants, IIFL Finance\u0019s proposed equity raise, BEL\u0019s \u20b91,081 crore orders and Hindustan Zinc\u0019s green hydrogen MoU.<\/p>\n","protected":false},"excerpt":{"rendered":"

                          Indian equities ended higher on Monday with the Nifty 50 at 24,102.90, while traders turned attention to a \u20b9486 crore block deal in Craftsman Automation and fresh capital-raising moves by JSW Infrastructure, Vodafone Idea and IIFL Finance ahead of Tuesday’s session. Improving global risk sentiment, aided by progress in US\u2013Iran talks and softer crude prices, […]<\/p>\n","protected":false},"author":15,"featured_media":15277,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_ayudawp_aiss_exclude":false,"_ayudawp_aiss_summary":"Indian equities ended higher on Monday with the Nifty 50 at 24,102.90, while traders turned attention to a \u20b9486 crore block deal in Craftsman Automation and fresh capital-raising moves by JSW Infrastructure, Vodafone Idea and IIFL Finance ahead of Tuesday's session. Craftsman Automation saw a pre-market block deal of about \u20b9486 crore and recently raised nearly \u20b92,000 crore via a QIP, changing its ownership and capital profile and drawing trader attention. JSW Infrastructure launched a QIP of up to \u20b97,503 crore, including a \u20b96,555 crore fresh issue and \u20b9948 crore offer for sale, to fund expansion, repay debt and support strategic investments.","_ayudawp_aiss_summary_provider":"extractive","_ayudawp_aiss_summary_hash":"61c5f57c53323deb157ca85f01bbf3df4aa52f44","footnotes":""},"categories":[512],"tags":[],"class_list":["post-15276","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates"],"blocksy_meta":[],"uagb_featured_image_src":{"full":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/craftsman-jsw-infra-tcs-focus-2026-06-23-banner.png",1200,640,false],"thumbnail":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/craftsman-jsw-infra-tcs-focus-2026-06-23-banner-150x150.png",150,150,true],"medium":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/craftsman-jsw-infra-tcs-focus-2026-06-23-banner-300x160.png",300,160,true],"medium_large":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/craftsman-jsw-infra-tcs-focus-2026-06-23-banner-768x410.png",768,410,true],"large":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/craftsman-jsw-infra-tcs-focus-2026-06-23-banner-1024x546.png",1024,546,true],"1536x1536":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/craftsman-jsw-infra-tcs-focus-2026-06-23-banner.png",1200,640,false],"2048x2048":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/craftsman-jsw-infra-tcs-focus-2026-06-23-banner.png",1200,640,false],"web-stories-poster-portrait":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/craftsman-jsw-infra-tcs-focus-2026-06-23-banner-640x640.png",640,640,true],"web-stories-publisher-logo":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/craftsman-jsw-infra-tcs-focus-2026-06-23-banner-96x96.png",96,96,true],"web-stories-thumbnail":["https:\/\/lemonn.co.in\/blog\/wp-content\/uploads\/2026\/06\/craftsman-jsw-infra-tcs-focus-2026-06-23-banner-150x80.png",150,80,true]},"uagb_author_info":{"display_name":"Team Lemonn","author_link":"https:\/\/lemonn.co.in\/blog\/author\/yudh\/"},"uagb_comment_info":0,"uagb_excerpt":"Indian equities ended higher on Monday with the Nifty 50 at 24,102.90, while traders turned attention to a \u20b9486 crore block deal in Craftsman Automation and fresh capital-raising moves by JSW Infrastructure, Vodafone Idea and IIFL Finance ahead of Tuesday’s session. Improving global risk sentiment, aided by progress in US\u2013Iran talks and softer crude prices,…","_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/15276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/comments?post=15276"}],"version-history":[{"count":1,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/15276\/revisions"}],"predecessor-version":[{"id":15278,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/posts\/15276\/revisions\/15278"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media\/15277"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=15276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/categories?post=15276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/tags?post=15276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}