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RIL Gains on Jio IPO Buzz While RVNL and Power Mech Rise on New Orders
Several stocks remained in focus following key corporate developments, with Reliance Industries gaining on reports of potential IPO plans for Jio Platforms. Meanwhile, Rail Vikas Nigam and Power Mech Projects attracted investor attention after securing fresh orders, while Aavas Financiers faced concerns over possible loan classification issues flagged by the National Housing Bank.
By Finblage Editorial Desk
10:08 am
22 June 2026
A number of stocks witnessed heightened investor interest as markets reacted to significant corporate announcements and business developments. Reliance Industries gained after reports indicated that its telecom and digital services arm, Jio Platforms, could be moving closer to a potential public listing, boosting sentiment around the conglomerate's growth prospects.
Rail Vikas Nigam Limited (RVNL) advanced after the company secured a new order, reinforcing its strong project pipeline and order book visibility. The latest contract is expected to support revenue growth and strengthen the company's position in the infrastructure and railway development segment.
Power Mech Projects also traded higher following the announcement of a fresh order win. The development reflects continued demand for the company's engineering, procurement and construction services across key infrastructure sectors and is expected to contribute to future earnings visibility.
In contrast, Aavas Financiers came under pressure after the National Housing Bank reportedly raised concerns regarding the possible misclassification of loans worth approximately Rs 400 crore to Rs 500 crore. Investors remained cautious as the company evaluates the observations and potential implications.
Market participants continued to monitor these developments closely, with order wins, fundraising plans and regulatory observations driving stock-specific movements despite broader market volatility.
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