Stocks to Watch Today, June 3: Indian stocks are likely to be in focus on Wednesday as investors react to a series of corporate developments, including stake sales, business expansion plans, operational updates and fundraising activity.
Companies such as Bharat Coking Coal, IndiGo, Alkem Laboratories, Zee Entertainment, NHPC, Hindustan Unilever, Hero MotoCorp, Adani Ports, Meesho, Transrail Lighting and Dhanuka Agritech could see stock-specific action after announcing key developments ranging from asset utilisation payments and order wins to buybacks, cargo growth and new business initiatives.
Here’s the list of stocks to watch in today’s trading session:
Land Use Payment
Mathura Mahato, chairperson of a special committee of the Jharkhand Assembly, on Tuesday claimed that Bharat Coking Coal Limited (BCCL) paid Rs 200 crore to the state for the use of government land for mining activities.
IndiGo
Manchester Flights Discontinued
IndiGo announced that it will discontinue its flights to Manchester from August 31 due to rising operational costs and airspace restrictions.
Promoters Sell Stake
Two promoter entities of Alkem Laboratories sold a 1.5 per cent stake in the company for Rs 930 crore through open market transactions.
Sports Brand Launch
Zee Entertainment Enterprises Ltd (ZEEL) on Tuesday announced the launch of its sports broadcasting portfolio under the ‘Unite8 Sports’ brand after obtaining the required approvals from the Ministry of Information and Broadcasting.
NHPC
Green Shoe Option Exercised
The government on Tuesday decided to exercise the green shoe option in the 6 per cent stake sale of NHPC through the Offer for Sale (OFS) route following strong investor demand on the first day.
Fragrance R&D Hub
Hindustan Unilever Ltd (HUL) on Tuesday said it has established a fragrance research and development hub at IIT Bombay to strengthen India’s position in the perfume market.
May Dispatches Rise
Hero MotoCorp on Tuesday reported a 12 per cent increase in dispatches, reaching 5,70,068 units in May 2026.
Cargo Volume Growth
Adani Ports handled 48.3 million metric tonnes (MMT) of cargo in May 2026, recording a 16 per cent year-on-year increase, driven by liquids and container volumes.
Meesho
MSME Listing Initiative
Meesho has partnered with the BSE to introduce an initiative aimed at supporting MSMEs and digital businesses in their transition to becoming publicly listed companies.
New Orders Secured
Transrail Lighting on Tuesday announced that it has secured new orders worth Rs 575 crore, mainly across the transmission and distribution (T&D), civil construction, and pole business segments.
Buyback Opens June 4
Dhanuka Agritech’s share buyback offer, valued at up to Rs 70 crore, will open on June 4. The company plans to buy back up to 5 lakh shares at Rs 1,400 per share.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
