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Stocks to watch: Shares of firms like Ola Electric, Nestle, HDFC Bank, Wipro, Tata Tech, and others will be in focus on Wednesday’s trade
Stocks To Watch
Stocks To Watch On June 4: Markets ended lower in a volatile trading session on Tuesday, slipping over half a percent amid weak global cues. In today’s trade, shares of Tata Technologies, Ola Electric, Nestle, HDFC Bank, Wipro and more will be in focus due to various news developments.
Nestle
The number of permanent employees at Nestle India fell 3.8% in FY25, even as the Maggi and KitKat maker ramped up its capital expenditure and is investing in new capabilities and capacities.
Tata Technologies
According to media reports, US-based private equity firm TPG is planning to sell a 2.1% stake in Tata Technologies via a block deal. The estimated transaction size is around Rs 634 crore, with a likely floor price of Rs 744.5 per share.
Zinka Logistics
On Tuesday, a block deal took place involving Bengaluru-based logistics technology firm Zinka Logistics Solutions, widely known as BlackBuck. A consortium of prominent institutional investors acquired stakes in the company, while existing backer Peak XV Partners pared down its holdings.
HDFC Bank
The Securities and Exchange Board of India (Sebi) has recently approved IPOs of six companies, including HDB Financial Services, a subsidiary of HDFC Bank.
Wipro
Wipro has signed a multiyear agreement with Entrust to accelerate growth by delivering scalable, AI-driven technology services.
Yes Bank
Yes Bank said on Tuesday that its board has approved plans to raise up to Rs 7,500 crore via equity and Rs 8,500 crore through debt instruments in FY26.
Ola Electric
Hyundai Motor and Kia Corporation have completely exited Ola Electric Mobility through block deals. According to NSE bulk deal data, Hyundai sold 10.8 crore shares at Rs 50.70 each, amounting to Rs 552 crore, while Kia offloaded 2.7 crore shares at Rs 50.55 per share, totaling Rs 138 crore.
Aditya Birla Fashion
Flipkart, owned by Walmart, is reportedly planning to sell its entire 6% stake in Aditya Birla Fashion & Retail (ABFRL) via a block deal estimated to be worth around Rs 600 crore.
Sun Pharmaceutical
The company announced that its experimental drug, SCD-044, failed to meet the primary treatment objectives in two mid-stage clinical trials focused on psoriasis and atopic dermatitis (commonly known as eczema).
Zydus Lifesciences
The pharmaceutical company said its fully owned subsidiary, Zynext Ventures USA LLC, has entered into a Securities Purchase Agreement with Agenus Inc., USA, to acquire 2,133,333 common shares for a total of $16 million.
Hyundai Motor
Hyundai Motor unveiled major upgrades to its premium SUV, the Hyundai Alcazar, on Tuesday, including a panoramic sunroof and a DTC (Dual Tone Color) option.
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Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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