Indian stock markets closed lower on Friday, dragged by weakness in heavyweights and broader consolidation. The BSE Sensex fell by 182.01 points or 0.22%, ending the day at 81,451.01. The NSE Nifty 50 also declined, slipping by 82.90 points or 0.33% to settle at 24,750.70.

Today, several stocks are expected to remain in focus following key developments and financial updates:

Stocks to Watch on June 2

  • Mahindra & Mahindra (M&M): Reported May sales higher than estimates, continuing to outperform industry peers.

  • Coal India: Filed a Draft Red Herring Prospectus (DRHP) with SEBI, NSE, and BSE for its subsidiary Bharat Coking Coal.

  • Bharat Petroleum Corporation Ltd (BPCL): Board approved investment in joint ventures Tikitar and Shell India; also approved changes to a cracking unit project worth ₹14,200 crore.

  • TVS Motor: Recorded sales growth of over 14% across all segments in May.

  • Eicher Motors: May sales led by the up to 350cc segment, with Royal Enfield sales up 26% year-over-year.

  • Apollo Hospitals: Fourth-quarter results aligned with estimates; announced expansion in Bengaluru with a ₹1,144 crore investment.

  • Nykaa: Reported EBITDA growth of 43%, with margins improving to 6.5% from 5.6% year-over-year.

  • Mazagon Dock Shipbuilders: Expecting 8-10% revenue growth in FY26; Q4 margin impacted by provisions.

  • IRB Infrastructure/IRB InvIT: Signed a binding term sheet to sell three assets for an equity value of ₹4,905 crore.

  • Godrej Properties: Acquired approximately 14 acres of land in Kharadi, Pune, with an estimated revenue potential of ₹4,200 crore.

  • Adani Energy: Awarded a ₹1,660 crore transmission project in Maharashtra; board approved a ₹4,300 crore Qualified Institutional Placement (QIP).

  • IRCON: Secured an EPC order worth ₹1,068.3 crore from East Central Railway.

  • Ajmera Realty: Delivered luxury project Ajmera Prive ahead of RERA timelines.

  • IndiGo: Signed a Memorandum of Understanding (MoU) with Airbus for 30 additional widebody Airbus A350-900 aircraft.

  • Chennai Petroleum: Holding company IOC approved a ₹1,620 crore investment proposal.

  • MOIL: Reduced prices of all chemical grades and manganese ore fines by 5-15%, effective immediately.

  • Solar Industries: Received a ₹402 crore order from Coal India for the supply of cartridge explosives.

  • Olectra Greentech: Maharashtra government reinstated the ₹10,000 crore electric bus order under a new delivery schedule.

  • Genus Power: Reported EBITDA of ₹196.3 crore versus ₹51 crore last year; margin improved to 20.95% from 12.16%.

  • AstraZeneca: EBITDA increased by 74.7%, margin expanded to 17.96% from 12.89%.

  • Ashiana Housing: EBITDA rose 4.2%, margin increased to 9.88% from 6.93%.

  • Tata Motors: May sales fell 8.6% year-over-year, below estimates.

  • Delhi High Court: Restrained DRL/Onesource from selling Novo Nordisk’s Semaglutide in the domestic market.

  • Hero MotoCorp: May sales below estimates; all segments showed low single-digit growth.

  • Cipla: US FDA issued one observation for the Bommasandra facility.

  • Hindalco, Tata Steel: US to double tariffs on steel and aluminium to 50% from June 4.

  • Sun TV: EBITDA declined 18%, margin reduced to 45.61% from 54.40%.

  • Alembic Pharma: US FDA issued Form 483 with four observations for API-I and II units.

  • Niva Bupa: Sources indicate a potential up to 7.2% stake sale via block deal at an 11% discount to CMP.

  • Vodafone Idea: Losses widened; subscriber base continued to shrink.

  • Inox Wind: FY25 execution below management expectations; order inflows down 35% year-over-year.

  • Puravankara: Net loss expanded; margin contracted to 5.63% from 12.32%.

  • Spandana: Q4 disbursement down 91% year-over-year and 75% quarter-over-quarter; net interest income declined 48%.

  • Titagarh Rail: EBITDA down 14.7%; margin at 10.18% compared to 11.41% last year.

  • NFL: EBITDA down 38%; margin at 5.27% versus 7.18%.

  • Ramkrishna: EBITDA declined 47%; margin reduced to 10.45% from 19.30%.

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