The GIFT Nifty indicates that the Indian stock markets will likely open on a higher note. If you’re unsure which stock to focus on in Wednesday’s trade. Here are updates on all the stocks making headlines. You can check these stocks to stay informed about all the key developments.
Earlier on Tuesday, the NSE Nifty 50 closed the session 83 points or 0.33% lower at 24,750.70, while the BSE Sensex fell 182 points or 0.22% to close at 81,451.
Stocks to watch on June 04, 2025
IDFC First Bank
The Competition Commission of India (CCI) on Tuesday approved private equity major Warburg Pincus’ proposal to acquire a 9.99% stake in private sector lender IDFC First Bank. Shares will be purchased by Currant Sea Investments BV, an affiliate of Warburg Pincus. The development came after shareholders of IDFC FIRST Bank had rejected the proposal to appoint a board member from Warburg Pincus.
ITC
British American Tobacco (BAT) views its investment in ITC as a strategic one, chief executive Tadeu Marroca said in an investor call on Tuesday, days after paring its 25.4% stake in the company. In a block deal last week, BAT reduced its holding to 22.9%, raising Rs 12,927 crore by offloading 313 million shares (2.5%) at Rs 413 apiece.
Gensol Engineering
Gensol Engineering and electric vehicle ride-hailing service BluSmart Mobility were issued notices by the National Company Law Tribunal (NCLT) on Tuesday over three new insolvency claims by financial creditors Spectrum Trimpex, Catalyst Trusteeship and Equentia Financial Services over alleged pending dues. While Equentia Financial Services filed a plea against Gensol for a Rs 9 crore loan default, Spectrum Trimpex and Catalyst Trusteeship moved the tribunal against BluSmart under Section 7 of the Insolvency and Bankruptcy Code (IBC) over pending dues worth Rs 1 crore each.
Ola Electric
Hyundai Motor and Kia Corporation have exited Ola Electric Mobility through block deals, selling their entire shareholding in the electric vehicle maker. According to NSE bulk deal data, Hyundai sold 10.8 crore shares at Rs 50.70 apiece, amounting to Rs 552 crore, while Kia offloaded 2.7 crore shares at Rs 50.55 each, totalling Rs 138 crore. In a parallel move, Citigroup Global Markets Mauritius acquired 8.61 crore shares at Rs 50.55 per share, translating to a Rs 437 crore investment in Ola Electric.
Coal India
Coal India has charted out a Rs 16,000 crore capex plan for the fiscal 2025-26 spread across coal production, renewable energy (RE), and thermal power projects. With a coal production target of 875 million tonnes in FY26, the company is also advancing its diversification into solar, coal gasification, thermal power, and critical minerals, chairman -cum-managing director P M Prasad told Financial Express in an interview. The company aims to install 3 gigawatts (GW) of RE capacity by 2028 and is keen on pumped storage power projects.
Nestle India
To meet the growing demand for its products, Nestle India will invest around Rs 5,000 crore in the country in the coming years, it said in the Annual Report for 2024-25 released on Tuesday. “Consistent with the growth in business and operations, the company plans to carry out capital expenditure to increase the capacities, productivity, investment in the new product lines and sustainability initiatives across all its existing factory locations,” the company said in the report.
Dixon Technologies
Dixon Technologies is seeking an alliance with Chinese company HKC for its display module manufacturing unit that will cater to smartphones, laptops and televisions, the company’s chairman Sunil Vachani said here Tuesday. HKC will hold a minority stake in the venture. As the company will have an investor from a country with which India shares land borders, prior approval of the Indian government is required under Press Note 3 of 2020. An application has been made to the government in this regard, Vachani said.
Vedanta
Vedanta Ltd is raising Rs 4,100 crore through unsecured non-convertible debentures to repay existing debt and meet capex needs, reported PTI, citing sources. The base issue of Rs 4,100 crore, along with a greenshoe option, allows the company to raise up to a total of Rs 5,000 crore, as per the placement memorandum.
Adani Enterprises
Adani Airport Holdings is considering bidding for ground handling services at Ahmedabad and Mumbai airports, says a report by Bloomberg. As per the report, Arun Bansal, CEO of the company, said at an aviation industry event that the company is evaluating bids for the two airports.
Texmaco Rail
Texmaco Rail & Engineering Ltd announced that it has bagged a Rs 122.3 crore contract from the Mumbai Railway Vikas Corporation. This contract entails designing, supplying, constructing, installing, testing and commissioning traction transformers & associated work. This infrastructure and maintenance work will be carried out on Mumbai’s Western Railway. The Western railway line also houses one of Mumbai’s suburban train service lines.