3 days ago
Stocks to watch on June 3: ITC, HCLTech, Biocon, Prostarm Info Systems
Shares of several companies will be in focus on Tuesday, June 3, as Dalal Street enters a new trading day after a flat close in the previous session. The markets had a shaky start to the week with the Sensex falling over 700 points in early trade, but later recovered to end can keep an eye on the following stocks based on recent developments and INFO SYSTEMSProstarm Info Systems will be listed on the stock exchanges today. The company's initial public offering (IPO) received a strong response, with the issue being subscribed nearly 100 times overall. Market participants will closely watch how the stock performs on its is likely to remain in focus after it received approval for its diabetes drug Liraglutide in India. The approval adds to the company's growing list of approved treatments and could help boost its presence in the diabetes GREEN ENERGYNTPC Green Energy has entered into a partnership with Honeywell to explore the production of sustainable aviation fuel (SAF) in India. The companies plan to use Honeywell's eFining technology to produce SAF using carbon dioxide captured from NTPC's power plants along with green hydrogen. This is a step towards cleaner energy STAINLESSJindal Stainless announced that it has acquired a 33.64% equity stake in a special purpose vehicle (SPV). The SPV is set up to develop a 282 MW hybrid renewable energy project. This project will support Jindal's manufacturing operations and help meet its power needs through renewable POWERTorrent Power has signed a long-term Sales and Purchase Agreement (SPA) with BP Singapore Pte, a subsidiary of global energy major bp. Under this agreement, Torrent Power will buy up to 0.41 million metric tonnes per annum (MMTPA) of LNG from 2027 to 2036. The imported LNG will be used for its 2,730 MW combined cycle gas-based power plants in India. It will also supply gas to Torrent Gas, the group's City Gas Distribution arm, for household, commercial, and CNG LTDITC Ltd is likely to be in focus after US-based investment firm GQG Partners increased its stake in the company. The stake was raised through a bulk deal on May 28. ITC is one of the top consumer goods firms in India, and such investments attract investor TECHNOLOGIESHCL Tech has announced a strategic partnership with UiPath. The two companies will work together to improve Agentic Automation for global businesses. This partnership is expected to help clients automate their processes more effectively using artificial intelligence and digital SPRINGSFrontier Springs has received orders worth Rs 93 crore from the Rail Coach Factory in Kapurthala and the Modern Coach Factory in Raebareli. These orders are likely to support the company's growth in the railway equipment space.
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