As Dalal Street opens for trade on Tuesday, June 3, market participants will focus on specific stocks driven by recent announcements, corporate developments, and macroeconomic cues. The previous session ended on a flat note, and investors will watch for directional triggers in today’s trade. Here’s a list of key stocks to track:
Key Stocks to Watch Today
1. ONGC / OIL
Crude oil prices rose by 3%, with Brent crude returning to the $65 per barrel mark, driven by a steady increase in output from OPEC+ members. This development could impact upstream oil companies like ONGC and Oil India.
2. HCLTech
HCL Technologies has entered into a strategic partnership with NYSE-listed UiPath. The collaboration aims to deliver agentic automation solutions for global enterprises, potentially expanding HCLTech’s service capabilities.
3. Mphasis
The company confirmed its continued role as a service provider within the FedEx ecosystem, indicating a stable client relationship.
4. Britannia Industries
A strike at the company’s plant in Jhagadia, Gujarat, has been called off. Normal operations are expected to resume, which could stabilize supply chain concerns.
5. Torrent Power
Torrent Power has signed a long-term agreement for LNG supply with BP Singapore. This move may support the company’s energy sourcing and operational efficiency.
6. Man Industries
The board has approved a fundraise of up to ₹300 crore via a preferential issue at ₹328 per share.
7. Biocon
Biocon received approval from the Drug Controller General of India (DCGI) to launch its first GLP-1 drug, Liraglutide, in India. The drug is used in the treatment of diabetes.
8. Glenmark Pharmaceuticals
Data shows Glenmark’s drug ISB 2001 continues to demonstrate high response rates and a favorable safety profile.
9. Sarda Energy & Minerals
The Raigad unit has received operational clearance from the Water Pollution Control Authority, allowing for expansion activities.
10. Apeejay Surrendra Park Hotels
The company signed a hotel management agreement with Goyal Parmarthik Trust for THE PARK in Mathura.
11. Transrail
Transrail has secured orders worth ₹534 crore across both domestic and international markets.
12. Asian Paints / OMCs
With oil prices up by 3%, companies dependent on crude and its derivatives, including Asian Paints and oil marketing companies (OMCs), may experience cost pressures or pricing tailwinds.
13. United Breweries (UBL)
UBL will shut down its brewery unit in Mangalore and shift operations to Mysuru for expansion and consolidation.
14. Zinka Logistics
Sources indicate Quickroutes International plans to sell its entire 9% stake via a block deal, at an 8% discount to the current market price.
15. Aptus Value Housing Finance
Sources also suggest a promoter stake sale of 9.8% through a block deal, with a floor price at a 10% discount to CMP.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
