Stocks To Watch Today: IndiGo, Cyient, Wockhardt, NMDC, Olectra Greentech Remain In Focus On June 1

Stocks To Watch Today (June 1): Indian markets are set for a positive start on Monday, June 1, with the GIFT Nifty trading around 23,728, up 38 points or 0.16%, indicating a firm opening for benchmark indices amid positive global cues. A host of earnings announcements, corporate developments, regulatory approvals and large block deals are likely to keep several stocks in focus during the session.

Key stocks to watch today include Cyient, Wockhardt, PNC Infratech, Glenmark Pharma, Lupin, NMDC, Olectra Greentech, Gujarat Gas, IREDA, InterGlobe Aviation (IndiGo), PB Fintech, Anand Rathi Wealth, Federal Bank, MCX, NALCO, Hindustan Zinc, SBI Life Insurance, Colgate-Palmolive India and Epigral.

Cyient to Acquire US-Based AI Firm

Cyient will be on investors’ radar after the engineering

services company signed a definitive agreement to acquire Tao Digital Solutions Inc., an AI-native data and product engineering company headquartered in California.

The transaction, valued at $218 million, is expected to be completed by the second quarter of FY27 and is aimed at strengthening Cyient’s artificial intelligence and digital engineering capabilities.

Wockhardt Gets Key USFDA Nod

Wockhardt may see action after the US Food and Drug Administration approved Zaynich (cefepime and zidebactam), a novel intravenous antibiotic for treating complicated urinary tract infections in adults.

The drug had earlier received Qualified Infectious Disease Product (QIDP) and Fast Track designations from the US regulator, underscoring its significance in addressing antimicrobial resistance.

PNC Infratech Bags Rs 302.44-Crore Order

PNC Infratech has secured an EPC contract worth Rs 302.44 crore from the Airports Authority of India. The fresh order is expected to strengthen the company’s order book and provide revenue visibility in the infrastructure segment.

Pharma Stocks in Focus: Lupin and Glenmark

Lupin received approval from the USFDA for its abbreviated new drug application (ANDA) for Sodium Sulfate, Magnesium Sulfate and Potassium Chloride tablets, which are used as a bowel preparation before colonoscopy procedures.

Meanwhile, Glenmark Pharmaceuticals reported a sharp improvement in profitability for the March quarter. The company posted a profit of Rs 301.4 crore compared with Rs 4.65 crore in the year-ago period, while revenue rose nearly 16% year-on-year to Rs 3,770.6 crore.

NMDC Delivers Strong Quarterly Numbers

State-owned iron ore miner NMDC reported robust March-quarter earnings. Its consolidated net profit rose 36% year-on-year to Rs 2,017.6 crore, while revenue surged nearly 62% to Rs 11,343.1 crore, supported by higher sales and improved realizations.

Olectra Greentech Posts Stellar Growth

Olectra Greentech reported a strong set of quarterly numbers, with profit jumping 164.4% year-on-year to Rs 55.5 crore. Revenue increased 43.6% to Rs 644.7 crore, reflecting continued momentum in the electric bus and green mobility business.

Gujarat Gas Earnings Surprise

Gujarat Gas posted an over eleven-fold jump in quarterly profit to Rs 351.2 crore despite a decline in revenue. The city gas distributor benefited from a lower exceptional loss during the quarter, helping boost the bottom line.

IREDA Reports Stable Performance

Indian Renewable Energy Development Agency (IREDA) reported a marginal 1.8% decline in profit at Rs 492.6 crore. However, net interest income grew 18.4% year-on-year to Rs 897.8 crore, indicating healthy growth in its lending operations.

Mixed Quarter for Aviation and Wind Energy Players

InterGlobe Aviation (IndiGo) reported a consolidated loss of Rs 2,536.9 crore against a profit of Rs 3,067.5 crore a year ago. EBITDAR margin contracted sharply to 9.9% from 31.4%.

Inox Wind also reported weaker earnings, with profit declining 51.1% year-on-year to Rs 91.3 crore and revenue slipping 2.4%.

Promoter and Institutional Deals to Track

PB Fintech could remain in focus after founders Yashish Dahiya and Alok Bansal sold shares worth over Rs 665 crore through block deals. The transaction attracted a wide range of institutional investors, including mutual funds, pension funds and global investment firms.

Anand Rathi Wealth may also be watched after promoter Anand Rathi Financial Services sold a 1.74% stake through a Rs 500-crore block deal.

Federal Bank, MCX and NALCO could see activity following sizeable stake sales by BNP Paribas Financial Markets, while Rail Vikas Nigam and Kalyan Jewellers featured among stocks witnessing notable institutional buying.

Management Changes at SBI Life and Hindustan Zinc

SBI Life Insurance announced the appointment of Ramesh Venkateshamurthy as Deputy Chief Executive Officer.

Separately, Hindustan Zinc appointed Amit Gupta as Chief Financial Officer, while extending the tenure of CEO Arun Misra by two months.

Stocks Turning Ex-Dividend

Shares of Colgate-Palmolive (India) and Epigral will trade ex-dividend today, making them important counters to track for dividend-focused investors.