Stocks to Watch Today, 3rd June 2025: HCL Technologies, Biocon and more
The Indian equities market is in for an active beginning to June, with a number of companies likely to grab investor attention on June 3. Important corporate news, including strategic alliances and regulatory clearances, major stake disposals, and fund-raising initiatives, are likely to determine trading mood across sectors.
Stock to Watch Today
HCL Technologies has entered into a strategic alliance with UiPath for speeding up agentic automation for UiPath customers worldwide. This partnership looks to catalyze mass-scale transformation for businesses, creating more intelligent and autonomous business process operations with little human intervention.
Biocon has received approval in India for its Liraglutide drug substance, and its wholly-owned subsidiary, Biocon Pharma, also received approval for its Liraglutide drug product (6 mg/ml solution for injection in pre-filled pen and cartridge) from the Drugs Controller General of India (CDSCO). It is now available as a generic version of Victoza, for the treatment of inadequately controlled Type 2 Diabetes Mellitus. This move sets Biocon up to be a market leader in the diabetes-obesity segment.
Torrent Power has entered into a long-term Sales and Purchase Agreement (SPA) with BP Singapore Pte, a group company of international energy business bp, for the supply of up to 0.41 million tonnes per annum (MMTPA) of Liquefied Natural Gas (LNG) from 2027 to 2036. This LNG will be utilized to fuel its 2,730 MW combined cycle gas-based power plants (GBPPs) in India and augment its City Gas Distribution (CGD) business, Torrent Gas.
Jindal Stainless has strengthened its focus on clean energy by investing in a 33.64 per cent equity in Oyster Green Hybrid One, a special purpose vehicle established jointly with Oyster Renewable Energy. The project will set up a 282 MW hybrid renewable energy plant to power its factories, with a committed investment of as much as ₹132 crore.
Frontier Springs has received orders for air spring assemblies of ₹92.6 crore from Rail Coach Factory, Kapurthala, and Modern Coach Factory, Raebareli.
Man Industries (India)'s Board has also sanctioned a proposal for raising up to ₹300 crore by way of preferential allotment of convertible warrants and equity shares. Likewise, Grasim Industries' Board has accorded its nod to issue non-convertible debentures (NCDs) of up to ₹1,000 crore.
Vodafone Idea (VIL) is in active talks with the central government to finalize the Adjusted Gross Revenue (AGR) issue.
Adani Group is again under the spotlight as American prosecutors are said to be investigating whether firms linked to Gautam Adani brought Iranian liquefied petroleum gas (LPG) into India through their Mundra port. A Wall Street Journal (WSJ) probe reported vessels plying between Mundra and the Persian Gulf showing patterns typical of vessels seeking to avoid sanctions. The US Department of Justice is said to be scrutinizing the operation of multiple LPG tankers utilized in transporting cargoes to Adani Enterprises. Despite this, Adani has categorically rejected any intentional involvement in sanctions avoidance or Iranian-origin LPG trade and expressed no knowledge of any US probe on this topic.
Niva Bupa Health Insurance Company observed Fettle Tone LLP and Krishnan Ramachandran together sell a 10.01 per cent stake in open market deals worth about ₹1,425.2 crore. On the other hand
DSP Mutual Fund and SBI Mutual Fund bought a 3.5 per cent stake** in Niva Bupa for ₹531.49 crore, while M Pallonji and Co also raised its holding.
WF Asian Reconnaissance Fund purchased 0.5 per cent of Schloss Bangalore, the owner of Leela Hotels.
Thomas Scott (India) witnessedStellar Wealth Partners India Fund I LP selling a 0.42 per cent stake.
AU Small Finance Bank registered Tata AIG General Insurance Company purchasing a 0.12 per cent stake from Leapfrog Rural Inclusion (India).
Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.
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