Stocks to watch on June 3: Biocon, PTC India Financial, HCL Tech, Yes Bank, Maruti, Reliance Infra, Aptus Value, Zinka Logistics, Adani Group in focus

Indian equities are set to open with a host of stock-specific triggers on June 3, with several companies announcing business developments, regulatory updates, and block deals.

Positive developments

Biocon will be in focus after receiving approval in India for its diabetes drug Liraglutide.

PTC India Financial Services announced the recovery of Rs 125 crore from NSL, fully settling the principal amount under its resolution plan.

Frontier Springs secured fresh orders worth Rs 92.6 crore for air spring assemblies.

HCL Tech announced a strategic partnership with UiPath to accelerate Agentic Automation for global enterprises.

ISGEC Heavy Engineering received permission from the National Green Tribunal to resume operations at its unit.

Mahamaya Steel Industries reported May 2025 sales of 14,518 metric tonnes.

Sarda Energy received consent from the Chhattisgarh Environment Conservation Board to operate its expanded coal washery in Raigarh, increasing capacity from 0.96 MTPA to 1.8 MTPA.

Star Cement commenced commercial production of AAC blocks.

Yes Bank will also be in focus after SMBC expressed plans to seek an RBI license to operate a wholly-owned subsidiary ahead of its proposed stake acquisition in the bank.

Man Industries announced plans to raise up to Rs 300 crore via preferential allotment of convertible warrants and equity shares.

Mphasis clarified that it continues to provide services to the FedEx ecosystem, and that other media reports were speculative.

Salzer announced the formation of a new SPV, Effilume Pvt Ltd, in partnership with Schnell Energy Equipment.

Britannia Industries called off the strike at its Jhagadia plant in Gujarat.

In key bulk deals, M Pallonji and Co bought 1.35 crore shares of Niva Bupa Health, while promoter entities bought additional shares in Star Health and Sai Silks.

Reliance Infrastructure said it is targeting Rs 3,000 crore in defence exports over the next two years.

Maruti Suzuki reported a 1.4 percent YoY increase in May production to 1.95 lakh units.

Neutral developments

Block deals are expected in Aptus Value Housing (Westridge to sell 9.8 percent stake for Rs 1,495 crore) and Zinka Logistics (Quickroutes International to sell 9 percent stake at Rs 405 floor price, aiming to raise Rs 647 crore).

Ajcon Global Services set June 20 as the record date for its stock split.

LIC Housing Finance, Mahindra Holidays, Matrimony.com, Everest Industries, Torrent Power, Mittal Life Style, Latent View, and Grasim Industries announced board-level appointments, stake acquisitions, and fundraising decisions.

Jindal Stainless acquired a 33.64 percent stake in Oyster Renewable’s 282 MW SPV and plans to invest up to Rs 132 crore.

Adani Group issued a clarification denying awareness of any investigation by US authorities after a Wall Street Journal report said the US Justice Department is examining whether Adani companies violated sanctions on Iran.

Saurashtra Cement received reaffirmation of its credit ratings, while D.P. Abhushan, SNL Bearings, and Century Extrusion announced management changes.

Awfis Space Solutions disclosed a new sanctioned rupee term loan facility of Rs 80 crore.

Price band revisions

Shanti Overseas and Nagarjuna Fertilizers saw their price bands revised from 5 percent to 2 percent. Apollo Micro and IFB Agro saw their price bands revised from 20 percent to 10 percent.

Corporate actions

Ex-date for dividend today: L&T (Rs 34 per share), Nuvama (Rs 69), and Sunshield (Rs 2.5).

Ex-date tomorrow: TCS (Rs 30), Shesha Paper (Rs 2.5), Tata Motors (Rs 6), Inox India (Rs 2).

Coforge will trade ex-date for its stock split tomorrow, with face value split from Rs 10 to Rs 2 per share.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.

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