Stocks To Watch On 2 July: Lupin, Swiggy, Bharti Airtel, Dhanlaxmi Bank and More

Indian equity benchmarks rebounded on Wednesday, snapping a two-session losing streak. The BSE Sensex advanced 444 points, or 0.58%, to close at 76,922.64, while the NSE Nifty 50 gained 140 points, or 0.59%, to settle at 24,005.85.

Stocks In Focus

Lupin: The pharmaceutical company received approval from the European Medicines Agency (EMA) to expand the marketing authorisation of NaMuscla. The approval allows the medicine to be prescribed for paediatric patients with non-dystrophic myotonic disorders (NDM).

Swiggy: Quick commerce platform Instamart announced the appointment of Gautam Swaroop as its new Chief Business Officer (CBO).

Bharti Airtel: The telecom operator said its wholly owned subsidiary, Airtel Money Ltd., has begun commercial operations as a Type II Non-Deposit Accepting NBFC (NBFC-ND-ICC). The move marks Airtel's entry into a broader range of digital financial services.

Dhanlaxmi Bank: The private lender posted strong provisional business numbers for the June quarter. Total deposits climbed 17.1% year-on-year to ₹19,403 crore, while gross advances grew 26.47% to ₹15,785 crore.

NMDC: The mining company reported iron ore production of 5.15 million tonnes in June, compared with 3.57 million tonnes in the same month last year. Iron ore sales also improved to 3.98 million tonnes from 3.58 million tonnes a year earlier.

Punjab & Sind Bank: The lender recorded a 15.33% year-on-year rise in total business for the quarter ended 30 June, supported by healthy growth in both advances and deposits, according to its provisional update.

Tamilnad Mercantile Bank: The bank reported robust business growth during the June quarter, with deposits and advances registering healthy increases, driven by sustained lending momentum.

Sai Parenterals: The pharmaceutical manufacturer said its subsidiary, Noumed Pharmaceuticals Pty Ltd., has signed an exclusive agreement to supply over-the-counter (OTC) medicines to one of Australia's leading pharmacy networks.

Ashiana Housing: The real estate developer reported weaker booking performance in the first quarter of FY27. The area booked declined to 3.61 lakh sq. ft. from 5.95 lakh sq. ft. a year earlier, while booking value fell to ₹357.80 crore from ₹430.97 crore.

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