Stocks to Watch Today, 5th June 2025:NTPC Green Energy , Newgen Software Technologies and more
The market showed a consistent cautious-to-positive inclination, especially with the Nifty 50 index holding above the 24,500 support zone. Though closing close to the 24,600 level, the definitive break above the 25,000 zone is seen as essential to initiate a new bout of upward momentum. On the contrary, inability to hold above 24,500 may reflect a deteriorating bias, the 200-period Moving Average at 24,050 being a strong next level of support. Its immediate support is put at 24,500, while resistance is observed at 24,800.
Mid-cap and Small-cap indices continued their strong outperformance compared to the benchmark indices. Nifty Midcap 100 Index rose by 0.71%, and the Nifty Small-cap 100 Index was up 0.79%. Market breadth was positive for the third day in a row, with more stocks gaining than falling, as depicted by the BSE advance-decline ratio of 1.10.
The Bank Nifty also remained in its weak movement within a tight range. A firm break over the 55,800 level is necessary to reflect a tentative breakout from this tight range and start a new upside journey. The index is likely to hold above the significant resistance of 54,500 to continue its overall bias and expect a strong positive move after the next RBI policy announcement. The day's range for Bank Nifty is priced between 55,300 and 56,200.
Here are the stocks to watch today:
Stocks to Watch
NTPC Green Energy the wholly-owned subsidiary of NTPC, executed a Power Purchase Agreement (PPA) for 1,000 MW capacity at a discovered tariff of ₹2.56 per unit. This comes after NTPC Renewable Energy won 1,000 MW in the Uttar Pradesh Power Corporation (UPPCL) solar PV power project auction on January 4.
Newgen Software Technologies acquired an overseas order worth $2.5 million, including the delivery of Newgen's product and its installation for a customer's digital transformation for multiple lines of business.
promoters Monarch Infraparks and GSEC had stated intentions to offload up to a 5.98% equity interest in Diamond Power Infrastructure on June 5 and June 6, with a base offer size of a 3.99% stake and a floor price of ₹95 per share. Equally, promoter Waaree Energies plans to offload a maximum of a 1.15% equity interest in Indosolar through an OFS on the same dates, with the minimum price set at ₹10 per share.
Gland Pharma observed a regulatory update after France's Agence Nationale de Sécurité du Médicament et des Produits de Santé (ANSM) issued its final report, citing 11 observations for Cenexi’s Fontenay manufacturing facility. Cenexi, a material subsidiary of Gland Pharma, has initiated a Corrective and Preventive Action Plan which has been accepted by ANSM, ensuring no disruption in manufacturing operations.
Hindustan Aeronautics (HAL) set the record straight over false news in an online article regarding halted talks with General Electric (GE) for producing GE414 engines locally. HAL once again stated that talks with GE are on course and proceeding as scheduled and refuted any talks with alternative engine makers for LCA MK2.
Force Motors sold 3,088 units during May 2025, a 19.1% year-over-year increase. Domestic sales jumped 24.46% to 3,002 units, while export sales fell 52.22% to 86 units during the period.
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