4 days ago
Stocks to watch on June 2: IndiGo, Nykaa, Leela Hotels, Tata Motors, BPCL
Stock markets will open on Monday, June 2, after closing lower in the previous session. The drop was led by IT stocks. Markets may remain under pressure after the recent GDP numbers showed slower growth. Investors will also keep an eye on two new listings and several company HOTELSLeela Hotels is set to debut on the stock exchanges on Monday. The company's initial public offering (IPO) was subscribed 4.72 times. Within this, the Qualified Institutional Buyers (QIB) category saw strong demand and was subscribed 7.82 times. The Non-Institutional Investors (NII) category was subscribed 1.08 times, while the Retail category lagged at 0.87 VOPAK TERMINALSAnother IPO listing to watch is Aegis Vopak Terminals. The issue was subscribed 2.20 times overall. It saw the most interest from QIBs, where it was subscribed 3.47 times. Retail subscription stood at 0.81 times, while NIIs subscribed only 0.59 times. Investors will be watching to see how the stock performs on its first PROPERTIESGodrej Properties announced that it will develop a 14-acre land parcel in the Kharadi-Wagholi area of Pune. The project is for premium group housing. The company said the total developable area will be 3.7 million square feet. The estimated revenue from this project is expected to be around Rs 4,200 CEO, Pieter Elbers, said the Directorate General of Civil Aviation (DGCA) has extended the lease for aircraft taken from Turkish Airlines. The 'damp-leased' aircraft can now be used until August 2025. This extension is expected to help IndiGo continue its current operations and manage customer needs during a busy travel reported strong earnings for the fourth quarter. The beauty and fashion retailer said its profit almost tripled compared to the same period last year. Urban customers continued to buy premium beauty products, which helped boost MOTORSTata Motors reported a fall in sales for May 2025. The company sold 70,187 units last month, down 8.6% from 76,766 units in May 2024. Domestic sales also dropped by 10%, falling to 67,429 units from last year's 74,973 units. This drop in sales could impact the stock price when markets board of Bharat Petroleum Corporation Limited (BPCL) has approved a new investment. BPCL will enter a joint venture with Tikitar and Shell India. The focus of the joint venture will be to manufacture and market bitumen products, which are used in road construction and other infrastructure MOTORTVS Motor reported a 17% rise in total sales for May. The company sold 4.31 lakh units during the month, compared to 3.69 lakh units in May last year. Two-wheeler sales were up 16%, reaching 4.16 lakh units versus 3.59 lakh units in the same month last INDIACoal India has taken a step forward in listing its subsidiary, Bharat Coking Coal Ltd (BCCL). The company has filed the Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi). The proposed IPO will be an offer for sale (OFS) of up to 46.57 crore PHARMAAlembic Pharmaceuticals has received a Form 483 from the United States Food and Drug Administration (US FDA). The form includes four observations related to its API-I and API-II manufacturing plants in Panelav, Gujarat. The company will now need to respond to these points raised by the US REDDY'SDr Reddy's Laboratories issued a short statement regarding Semaglutide, a diabetes and weight loss drug. The company said the case involving patents by Novo Nordisk is currently sub-judice, meaning it is being handled by the HOSPITALSApollo Hospitals reported higher profits in the fourth quarter, beating market estimates. The company said strong demand for its healthcare services helped boost earnings. This may give the stock a lift when markets Watch
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