Stocks To Watch On 2 June 2026: Wipro, NMDC, Ola Electric Among Shares Likely To Remain In Focus

Indian equity markets will enter Tuesday’s session with several stock-specific triggers in focus after benchmark indices ended lower on 1 June. The BSE Sensex closed at 74,267.34, down 508.40 points or 0.68%, while the Nifty 50 settled at 23,382.60, lower by 165.15 points or 0.70%. Broader sentiment remained cautious amid weakness in banking and FMCG counters, though stock-specific action is expected to remain active.

Stocks In Focus

Wipro

Wipro said its step-down subsidiary Wipro IT Services, LLC will acquire an additional 20% stake in Aggne Global Inc for $28.5 million. Following the acquisition, Wipro’s shareholding in Aggne Global will increase to 80%. The transaction is expected to close by 5 June 2026. The move strengthens Wipro’s insurance technology capabilities and expands its footprint in digital transformation services within the global insurance market.

NMDC

NMDC reported provisional iron ore production of 5.31 million tonnes (MT) for May 2026, registering a 19.9% year-on-year rise from 4.43 MT recorded in May 2025. However, sales declined during the month. NMDC posted iron ore sales of 4.04 MT, down 6.9% from 4.34 MT a year earlier. The production increase shows stronger mining activity. In contrast, the decline in dispatches could remain a key monitorable for investors.

Ola Electric

Ola Electric has launched a Qualified Institutions Placement (QIP) to raise up to ₹500 crore from institutional investors. The company has fixed the floor price at ₹37.74 per share, with the issue carrying an option to upsize depending on investor demand. The fundraising comes as the EV maker looks to strengthen its balance sheet and fund future growth amid rising competition in India’s electric two-wheeler market.

SoftTech Engineers

SoftTech Engineers announced a collaboration with the Brihanmumbai Municipal Corporation (BMC) to build CivitTWIN, described as India’s first AI-powered digital approval twin for building permit approvals. The platform is aimed at digitising and streamlining building approval processes through artificial intelligence-led automation.

Black Box

Black Box said it has entered a strategic partnership with AIONOS to accelerate enterprise AI transformation. The collaboration will span AI infrastructure development, deployment capabilities and business outcome-driven enterprise solutions, covering the full stack from infrastructure build-out to AI-led business operations.

PNC Infra

PNC Infratech said it has received a Letter of Acceptance (LOA) from the Lucknow Development Authority for a flyover construction project in Lucknow, Uttar Pradesh. The contract adds to the company’s urban infrastructure order pipeline and strengthens its execution presence in Uttar Pradesh.

Equitas SFB

Equitas Small Finance Bank said the Reserve Bank of India (RBI) has approved Mirae Asset Mutual Fund to acquire up to 9.5% of the bank’s paid-up share capital or voting rights. The approval could lead to higher institutional participation in the lender’s shareholding structure.

Fino Payments Bank

Fino Payments Bank announced a strategic partnership with Ezee.ai to develop a lending ecosystem. The partnership is expected to support Fino’s transition into a Small Finance Bank (SFB) while expanding its credit distribution and lending capabilities.

Anant Raj

Anant Raj said it has signed a memorandum of understanding with the Haryana Enterprises Promotion Centre, Government of Haryana, to collaborate in data centre and cloud services. The company plans to invest approximately ₹25,000 crore under the proposed collaboration, marking one of its biggest diversification bets beyond traditional real estate.

Also Read - Post-Market, 1 June 2026

Source

CNBC TV18