Stocks in Focus: EMS and Creative Newtech Surge on Order Wins, ZEE Rises Ahead of Board Meeting
Market Activity Continues with Key Developments
June 8, 2026 - The Indian stock market remained in focus on Thursday as corporate developments, earnings announcements, and regulatory triggers continued to drive market activity. Several stocks were on investors' radar, with key announcements and updates from companies across various sectors.
Zee Entertainment Enterprises shares rose 1 percent as the company's board is set to meet on June 10 to consider raising funds through the issuance of equity shares and/or other securities convertible into equity shares, in one or more tranches. This development is likely to have a significant impact on the company's financials and investor sentiment.
| Company | Project Value |
|---|---|
| Creative Newtech | Rs 3,194.83 crore |
| EMS | Rs 102.8 crore |
Read also: India Witnesses Record 25 Lakh Vehicle Sales in May, Fueling Auto Market Surge
Creative Newtech shares jumped 17 percent after the company, along with its consortium partner, received an advance work order from BSNL for the BharatNet Middle Mile Network Project in the Odisha Telecom Circle. The project has a total value of approximately Rs 3,194.83 crore, with the order covering the design, supply, construction, installation, upgradation, operation, and maintenance of the BharatNet Middle Mile Network in the Odisha Telecom Circle.
Alembic Pharmaceuticals shares rose 1 percent as the company will acquire a 45 percent stake in a newly incorporated Canadian corporation as part of its strategy to expand its presence in the pharmaceutical market. The company has executed a Shareholders' Agreement to invest in the venture and will hold a 45 percent equity stake pursuant to the agreement.
Shares of EMS added 13 percent after the company received the lowest bidder (L-1) status awarded by UP Jal Nigam (Urban), Varanasi for construction work. The estimated order value is approximately Rs 102.8 crore.
Market participants noted that news flow remains a key driver in the current market environment, with investors closely monitoring corporate announcements and sector-specific developments. As the earnings season progresses, company-specific updates are expected to continue driving stock-specific volatility.
Investor Takeaway
Investors should keep an eye on these stocks for potential gains due to corporate developments and order wins.
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