Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
Lucent Industries, Padmanabh Alloys & Polymers, Punjab Communications, and Sybly Industries will announce their quarterly earnings on June 3.
Manoj Jewellers FY25 (YoY)
Profit jumps to Rs 4.76 crore Vs Rs 3.19 crore
Revenue soars to Rs 59.6 crore Vs Rs 43.35 crore
Stocks to Watch
Quickroutes International is likely to sell a 9 percent stake in Zinka, targeting to raise Rs 647 crore, reports CNBC-TV18, quoting sources. The floor price has been fixed at Rs 405 per share. As of March 2025, Quickroutes held a 9.01 percent stake in the company.
The global technology company announced a strategic partnership with UiPath to accelerate agentic automation for UiPath customers worldwide. The partnership will drive large-scale transformation for enterprises across industries, enabling more intelligent and self-sufficient business process operations that require minimal human intervention.
The biopharmaceutical company has received approval in India for its Liraglutide drug substance, and its wholly owned subsidiary, Biocon Pharma, has 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). This is the generic version of Victoza, indicated for the treatment of insufficiently controlled Type 2 Diabetes Mellitus.
The company has signed a long-term Sales and Purchase Agreement (SPA) with BP Singapore Pte, a subsidiary of global energy company bp, for the supply of up to 0.41 MMTPA of LNG from 2027 to 2036. The LNG procured under this agreement will be utilised to operate its 2,730 MW combined cycle gas-based power plants (GBPPs) in India. It will also support the Torrent Group’s City Gas Distribution (CGD) arm, Torrent Gas, to ensure reliable supply of gas for households, commercial and industrial consumers, and CNG vehicles.
The company has acquired a 33.64 percent equity stake in Oyster Green Hybrid One, a special purpose vehicle formed in collaboration with Oyster Renewable Energy, to develop a 282 MW hybrid renewable energy project to meet the power requirements of its plants. The company is committed to invest up to Rs 132 crore in Oyster Green for the commissioning of the project, expected by the third quarter of FY26. In the current tranche, upon achievement of milestones, an amount of Rs 79.20 crore is being invested.
The company has received orders for air spring assemblies worth Rs 92.6 crore from Rail Coach Factory, Kapurthala, and Modern Coach Factory, Raebareli.
The Board has approved a proposal to raise up to Rs 300 crore through a preferential allotment of convertible warrants and equity shares to a promoter group entity and non-promoters, respectively.
The Board has approved the issuance of non-convertible debentures (NCDs) worth up to Rs 1,000 crore, in one or more tranches, on a private placement basis.
The company has signed a Hotel Management Agreement with Goyal Parmarthik Trust for the upcoming Zone by THE PARK, Mathura, located at Aanyor, Uttar Pradesh. Including this new hotel, the company currently operates 35 hotels across India. Additionally, the company has entered into a Limited Liability Agreement with Anand Goyal and Nidhi Goyal for the incorporation of a Limited Liability Partnership (LLP), in which the company will hold a 51% capital contribution. The said LLP will build, own, and operate a hotel on an 18,000 square metre land parcel in Jaipur, Rajasthan.
The EPC company has secured fresh orders worth ?534 crore across domestic and international geographies. With this, the company’s order intake in FY26 has crossed Rs 1,600 crore, driven by its core Transmission & Distribution (T&D) segment.
The company has received approval from ACRA, the Singapore regulator, for the acquisition of a 51 percent stake in the equity share capital of Om Vedic Heritage Centre Pte by its subsidiary Ayurvedic Academy Inc.
The company has entered into two power transfer agreements to purchase electricity generated by Torrent Urja 37 (TUPL), a wholly owned subsidiary of Torrent Green Energy, to meet its energy requirements in Gujarat.
Sumit Khandelwal, General Manager, has been designated as the Chief Financial Officer (CFO) of the bank with immediate effect, replacing Sujoy Dutta, General Manager.
The company has decided to close its brewery unit at Baikampady, Mangalore, Karnataka, effective June 30, 2025. It has initiated a strategic capacity consolidation and is pursuing expansion at the Nanjangud Brewery in Mysuru, where it is making significant investments to enhance supply chain efficiencies. The closure of the Mangalore brewery will not impact business performance in Karnataka, the company said.
The company has announced production of 1,95,882 units in the month of May, an increase of 1.4 percent over 1,93,207 units produced in the previous month.
Adani Group Companies
US prosecutors are investigating whether Gautam Adani's companies imported Iranian liquefied petroleum gas (LPG) into India through their Mundra port, the Wall Street Journal (WSJ) reported. A WSJ investigation found tankers traveling between Mundra in Gujarat and the Persian Gulf exhibited characteristics that experts say are common among ships evading sanctions. The US Department of Justice is reviewing the activities of several LPG tankers used to ship cargoes to Adani Enterprises. However, Adani has categorically denied any deliberate engagement in sanctions evasion or trade involving Iranian-origin LPG, and stated that it is not aware of any investigation by US authorities on this subject.
Bulk Deals
WF Asian Reconnaissance Fund, the Hong Kong-based hedge fund managed by Ward Ferry Management, has acquired 16.83 lakh shares (0.5 percent stake) in the Leela Hotels operator at an average price of Rs 434.13 per share.
Stellar Wealth Partners India Fund I LP sold 62,568 shares (0.42 percent stake) in the company at an average price of Rs 297.4 per share.
Niva Bupa Health Insurance Company
Fettle Tone LLP sold 8.14 crore equity shares in the insurance company at an average price of Rs 82.76 per share, and 9.14 crore shares at an average price of Rs 82.11 per share, amounting to a 9.46 percent stake worth Rs 1,425.2 crore. Additionally, Krishnan Ramachandran sold 1 crore shares at an average price of Rs 82.3 per share. Together, Fettle Tone LLP and Krishnan Ramachandran sold a 10.01 percent stake in the company.
However, DSP Mutual Fund and SBI Mutual Fund acquired 6.48 crore shares (3.5 percent stake) in the company at an average price of Rs 82 per share, valued at Rs 531.49 crore. Further, M Pallonji and Co bought 1.35 crore shares in Niva Bupa at an average price of Rs 83.95 per share. As of March 2025, Fettle Tone LLP held a 17.47 percent stake in Niva Bupa.
Deepak Builders & Engineers India
Yuyu Family Private Trust bought 2.85 lakh shares in the company at an average price of Rs 142.01 per share.
Block Deals
Tata AIG General Insurance Company acquired 9.01 lakh shares (0.12 percent stake) in the small finance bank at an average price of Rs 693 per share, from Leapfrog Rural Inclusion (India).
Mainboard Listing
Prostarm Info Systems
SME Listing
Blue Water Logistics
Astonea Labs
Nikita Papers
Stocks Trade Ex-Dividend
Larsen & Toubro
Atishay
Nuvama Wealth Management
Sunshield Chemicals
Stock Trades Ex-Date for Rights
Rajnish Wellness
Stock Trades Ex-Date for Income Distribution (InvIT)
Capital Infra Trust
Stock in F&O Ban
Manappuram Finance
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