Stocks To Watch: ITC, HCL Tech, Biocon, Vodafone Idea, Torrent Power, And Others
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Stocks to watch: Shares of firms like IndiGo, Tata Motors, BPCL, Vodafone Idea, BPCL, Nykaa, and others will be in focus on Tuesday's trade
Stocks to watch on June 3, 2025: The markets opened the week on a choppy note, ultimately ending flat as they remained in a consolidation phase. In today's trade, shares of Vodafone Idea, Jindal Stainless, ITC, HCL Tech, Grasim Industries, and others will be closely watched amid key developments.
Grasim Industries
Grasim Industries, the flagship of the Aditya Birla Group, is entering the bond market. The company's Finance Committee has approved issuing non-convertible debentures (NCDs) worth up to Rs 1,000 crore. These unsecured, listed, and redeemable bonds, priced at Rs 1 lakh each, will be placed privately in one or more tranches.
HCL Technologies
HCL Tech has announced a global partnership with UiPath, a leader in agentic automation. This collaboration aims to bring intelligent, autonomous business process automation to clients worldwide. Agentic automation enables bots to learn, make decisions, and adapt on their own, reducing human intervention across processes in finance, HR, operations, and IT.
Torrent Power
Torrent Power has signed a long-term LNG supply deal with BP Singapore, securing up to 0.41 million tonnes per annum (MTPA) of LNG from 2027 to 2036. This LNG will power Torrent's 2,730 MW gas-based power plants.
Biocon
Biocon has received Indian regulatory approval for its version of Liraglutide, the active ingredient in Novo Nordisk's diabetes drug Victoza. The injectable treatment, used for Type 2 diabetes, will be available in pre-filled pens and cartridges through Biocon's subsidiary.
Ichnos Glenmark Innovation (IGI), the biotech joint venture of Glenmark Pharmaceuticals and Ichnos Sciences, reported positive results from a Phase 1 study targeting relapsed or refractory multiple myeloma, a blood cancer that affects bone marrow.
NBFC UGRO Capital has finalized the terms for its rights issue, planning to raise up to Rs 400 crore by offering new shares to existing public shareholders at Rs 162 each. This follows its earlier Rs 915 crore CCD issuance.
MAN Industries
MAN Industries announced plans to raise up to Rs 300 crore by issuing 12.19 lakh convertible warrants to the promoter entity Man Finance and 79.26 lakh equity shares to non-promoters, all at Rs 328 each.
Vodafone Idea
Vodafone Idea's CEO Akshaya Moondra said the company is actively working with the government to find a resolution to the AGR issue, expressing confidence that relief measures would not be constrained.
ITC
Global investment firm GQG Partners has increased its stake in ITC Ltd through a bulk deal executed on May 28, reinforcing confidence in the FMCG giant.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
First Published:
June 03, 2025, 07:53 IST
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