Buzzing Stocks : Wipro, HDFC Bank, Alkem Labs, Aditya Birla Fashion, Indegene, Tata Technologies, Servotech, Scoda Tubes in focus on 4 June.
Results Today : Allied Digital Services, Ashapura Intimates Fashion, Arcotech, Euro Asia Exports, Hardwyn India, Royal Cushion Vinyl Products, Sampre Nutritions, and Starlit Power Systems will release their quarterly earnings on June 4.
Tata Technologies : TPG Rise is likely to sell a 2.1% stake in Tata Technologies via a block deal, reports CNBC-TV18, quoting sources. The total block size is likely valued at Rs 634 crore, with a floor price of Rs 744.5 per share.
Indegene : CA Dawn is expected to sell a 10.2% stake in Indegene via block deals, which may be valued at Rs 1,420 crore, according to CNBC-TV18. The deal involves 2.44 crore shares at a floor price of Rs 580 per share.
Aditya Birla Fashion and Retail : Flipkart is likely to sell its entire 6% stake, worth nearly Rs 600 crore, in the company via block deals, reports CNBC-Awaaz, quoting sources. The floor price may be Rs 80 per share.
Alkem Laboratories : Promoter Jayanti Sinha is set to offload a 1.42% stake in the pharmaceutical company via a block deal, reports CNBC-TV18, quoting sources. The deal may be valued at around Rs 825 crore, with a floor price of Rs 4,850 per share.
HDFC Bank : HDB Financial Services, a subsidiary of the bank, has received approval from SEBI to launch a Rs 12,500-crore initial public offering (IPO) within the next one year. The IPO will comprise a fresh issue of Rs 2,500 crore and an offer-for-sale of Rs 10,000 crore worth of shares by parent HDFC Bank. The bank currently holds a 94.36% stake in HDB Financial Services.
Wipro : The AI-powered technology services and consulting company has won a multi-year deal with Entrust, a global leader in identity-centric security solutions. Wipro will provide strategic resources, scale, and agility to help Entrust accelerate its growth.
Servotech Renewable Power Systems : The company has received an order for a 7.8 MW grid-connected solar rooftop project from the Rangiya Division of the Northeast Frontier Railway. The order, valued at Rs 33.6 crore, also includes a comprehensive 5-year annual maintenance contract (AMC) for various buildings within the Rangiya division.
Sun Pharmaceutical Industries : The company's psoriasis drug SCD-044 has failed to meet its primary endpoint of 75% improvement in PASI (Psoriasis Area and Severity Index) score at week 16 in its Phase 2 trial. Additionally, the company is discontinuing studies of SCD-044 for atopic dermatitis after top-line results from a Phase 2 clinical trial did not meet the primary objective of 75% improvement in EASI (Eczema Area and Severity Index) score at week 16.
Zydus Lifesciences : The company’s subsidiary, Zynext Ventures USA LLC, has entered into a Securities Purchase Agreement with Agenus Inc., a US-based immuno-oncology company developing next-generation therapeutics for high-unmet need cancers. As part of the agreement, Zynext Ventures will acquire 21.33 lakh shares (representing a 5.9% stake) in Agenus at a price of $7.50 per share, valued at approximately $16 million. The acquisition expands Zydus' immuno-oncology pipeline and global reach.
Techno Electric & Engineering Company : The company has been selected by RailTel Corporation of India as a managed service data centre partner on a revenue-sharing basis to design, build, finance, and operate a 10MW data centre in phases on RailTel’s land in Noida. The project will be executed under the digital platform arm of the company, Techno Digital.
R Systems International : The company has announced a strategic partnership with Mavvrik, a leader in AI cost governance, to help enterprises gain visibility and precise financial control over rapidly escalating investments in AI, cloud, and hybrid infrastructure.
NMDC : The state-owned company has reduced the prices of its Baila Lump ore by Rs 140 per tonne to Rs 6,300 per tonne, and Fines by Rs 150 per tonne to Rs 5,350 per tonne, effective June 4.
Bharat Forge, Ramkrishna Forgings in Focus : The North American Class 8 truck orders in May increased by 40% month-on-month but declined by 47% year-on-year to 12,000 units.
Gland Pharma : The pharmaceutical company has received approval from the United States Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Angiotensin II Acetate injection 2.5 mg/mL, which is bioequivalent and therapeutically equivalent to the Reference Listed Drug (RLD), Giapreza of La Jolla Pharma LLC. This product is used for increasing blood pressure in adults with septic or other distributive shock. Gland Pharma is the exclusive First-to-File and is eligible for 180 days of generic drug exclusivity.
Indian Energy Exchange (IEX) : The electricity exchange achieved monthly electricity traded volume of 10,946 MU in May 2025, marking a 14% growth over the same month last year. The Day-Ahead Market (DAM) declined by 20% to 3,510 MU, compared to 4,371 MU in the same period last year. The Real-Time Electricity Market (RTM) reported its highest-ever monthly traded volume in May 2025, increasing by 42% YoY to 4,770 MU.
Zinka Logistics Solutions : Quickroutes International exited the company by selling its entire 9.01% stake (1.59 crore shares) worth Rs 671.76 crore. Peak XV Partners Investments VI offloaded 12.1 lakh shares (0.68% stake) at an average price of Rs 444.71 per share. Accel India IV (Mauritius) sold 23.5 lakh shares at an average price of Rs 420.29 per share. Accel Growth Fund V LP sold 25 lakh shares at an average price of Rs 420.04 per share, amounting to Rs 203.77 crore.
However, several institutional investors acquired 93.39 lakh shares at a price of Rs 420 per share, valued at Rs 392.3 crore. These include TNTBC as The Trustee of Nomura India Stock Mother Fund, SBI Mutual Fund, Massachusetts Institute of Technology, ICICI Prudential Mutual Fund, Abu Dhabi Investment Authority, and ICICI Prudential Life Insurance Company.
Yes Bank : CA Basque Investments sold 41 crore shares in the bank at an average price of Rs 21.68 per share, and another 41 crore shares at Rs 21.61 per share, totalling a 2.6% stake worth Rs 1,774.89 crore. As of March 2025, CA Basque Investments held a 6.84% stake in the bank.
Vodafone Idea ; Ericsson India sold 63.37 crore shares in the telecom company at an average price of Rs 6.76 per share, valued at Rs 428.43 crore.
Aptus Value Housing Finance India : Promoter Westbridge Crossover Fund LLC sold 6.2 crore shares in the company at an average price of Rs 307.54 per share, valued at Rs 1,905.91 crore.
However, Morgan Stanley Asia Singapore Pte, Axis Mutual Fund, SBI Mutual Fund, and East Bridge Capital Master Fund I acquired 1.67 crore shares (3.35% stake) at an average price of Rs 307 per share, amounting to Rs 514.64 crore.
Ola Electric Mobility : Hyundai Motor Company exited the company by selling its entire 2.47% shareholding (10.88 crore shares) at an average price of Rs 50.7 per share. Kia Corporation sold 2.71 crore shares at an average price of Rs 50.55 per share, amounting to Rs 689.31 crore.
However, Citigroup Global Markets Mauritius acquired 8.61 crore shares (1.95% stake) at an average price of Rs 50.55 per share, valued at Rs 435.46 crore.
MIC Electronics : Multitude Growth Funds sold 12.51 lakh shares in the company at an average price of Rs 59.93 per share.
Prostarm Info Systems : PG Foils acquired 6.29 lakh shares in the company at an average price of Rs 120 per share.
