Stocks to watch on June 12: HCL Technologies, Minda Corp, Reliance and OMC set for potential earnings

The Indian stock benchmark was slightly higher than it was slightly higher on Tuesday, while the Sensex and Nifty 50 rose 0.15%. The earnings are led by Information Technology (IT) and Oil Marketing Corporation (OMC), which supports it by lowering crude oil prices and positive global tips. The beautiful signal for the company started on June 12, reflecting on the continued investor optimism.

Here is a review of the key stocks to watch:

1) HCL technology

HCL Technologies announced an expanded partnership with Standard Insurers to integrate AI into its operations. With the global tech sentiment positive and foreign funds inflows, HCL is ready to attract ongoing investor interest. The Nifty IT index itself rose 1.26%, indicating that the industry is very strong.

2) Minda Corp

Minda Corporation announced a joint venture with Japan’s Toyodenso to manufacture advanced automotive switches. The joint venture will establish a 60:40 equity allocation and will establish a new facility in Noida, which is expected to begin operations in the second half of fiscal 2026-27. The move marks long-term growth and strategic expansion in India’s rapidly growing automotive components sector.

3) Oil marketing companies: BPCL, HPCL, IOC

OMC stocks have strong momentum due to falling crude oil prices, which improves optimized profit margins. HPCL jumped nearly 4%, also benefiting from Goldman Sachs’ “buy” upgrade with a target price of Rs. 400. BPCL and IOC also posted reliable gains. The progress of IOC in green hydrogen projects has increased the long-term sustainability angle for investors to start pricing. If the crude oil remains soft, OMC can continue to beat in the short term.

4) Relying on the industry

Reliance Industries hit eight months of highs, driven by multiple active triggers. Approved its joint venture, Jio BlackRock, as an investment consultant in India. Similarly, refining and marketing margins rose due to the decline in crude oil prices and the tenure of independent director Shri Raminder Singh Gujral. Reliance can maintain its upward trend with support from the energy and finance sectors.

5) Bajaj Finserv

Bajaj Finserv emerged in the highest earnings on Sensex due to expectations for an upcoming 4:1 bonus issuance and stock split and set a record date on June 16. The company also traction through its subsidiary Bajaj Housing Finance, which has accepted bids for multiple tenor bonds. Such corporate actions often promote retail participation and may continue to boost stocks.