SUMMARY
From the NIFTY pack, Hero MotoCorp, Bajaj Auto, JSW Steel, Titan, Ultratech Cement, HDFC Life, Tech Mahindra, HDFC Bank, Tata Steel, Tata Motors, Wipro, NTPC and Grasim were among the biggest laggards.
Benchmark equity indices NIFTY and SENSEX tumbled on Monday, June 2, following weak global cues. SENSEX slipped 300 points to 81,150, while NIFTY dropped 0.36% to 24,660 at 12:15 pm.
From the NIFTY pack, Hero MotoCorp, Bajaj Auto, JSW Steel, Titan, Ultratech Cement, HDFC Life, Tech Mahindra, HDFC Bank, Tata Steel, Tata Motors, Wipro, NTPC and Grasim were among the biggest laggards.
Adani Ports, Apollo Hospitals, Mahindra & Mahindra, Eternal, Adani Enterprises, Tata Consumer Products, and Power Grid were among the gainers.
Buzzing stocks on June 2
Mphasis share price: Shares of information technology company Mphasis declined as much as 6.7% on the National Stock Exchange (NSE) on Monday, June 2, after Mint reported that it has lost one of its key clients, FedEx. The report claimed that FedEx, which accounted for 8% of the consulting firm’s revenue, has now picked Accenture Plc for most of its IT work.
Leela Hotels share price: Shares of Leela Palaces Hotels and Resorts operator Schloss Bangalore, which operates Leela Palaces Hotels and Resorts, on Monday debuted with a discount of nearly 7% against the issue price of ₹435.
It listed at ₹406.50, down 6.55% from the issue price, on the BSE. At the NSE, it started trading at ₹406, a discount of 6.66%.
At 12:14 pm, it was trading 6.61% higher at ₹432.85.
The ₹3,500 crore Schloss Bangalore IPO was a fresh issuance of shares worth ₹2,500 crore and an offer for sale of ₹1,000 crore.
Yes Bank share price: Shares of private lender Yes Bank were trading 5.63% higher at ₹22.69 apiece on the NSE after the company said its board will meet on Tuesday, June 3, to consider a fund raise.
“The meeting of the Board of Directors of YES Bank Limited is scheduled to be held on Tuesday, June 03, 2025, inter alia, to consider raising of funds by way of issuance of equity shares, debt securities and/or any other eligible securities (convertible/non-convertible) through permissible modes, including but not limited to a private placement, preferential issue or any other method or combination of methods, subject to such approvals as may be required,” it said in an exchange filing.
Coal India share price: State-owned CIL rose 0.49% to ₹399.25 apiece on the NSE after its unit Bharat Coking Coal Ltd (BCCL) filed preliminary papers with market regulator SEBI for its initial public offering, which will be completely an offer for sale (OFS) of 46.5 crore shares.
“The draft red herring prospectus…of Bharat Coking Coal Ltd was filed with SEBI, BSE and NSE…The DRHP filing pertains to the proposed initial public offering (IPO) of BCCL comprising an offer for sale of up to 465,700,000 equity shares by Coal India Limited, which remains subject to receipt of applicable approvals, market conditions, and other relevant considerations,” the company said in a filing on BSE.
Godrej Properties share price: Shares of the realty firm were trading 0.72% higher at ₹2,260. In a regulatory filing on Monday, the company announced that it acquired a 14-acre land in Pune to develop a housing project. The project has a revenue potential of ₹4,200 crore, it said.
“The project will have a developable potential of 3.7 million square feet with an estimated revenue potential of Rs 4,200 crore,” the company said.
