NHPC, Anant Raj, NMDC, among buzzing stocks as NIFTY50, SENSEX recover from day’s lows

The Indian benchmark indices, SENSEX and NIFTY50, were trading flat with a positive bias during the afternoon session on Tuesday, June 2, recovering from their day’s lows, amid buying in IT stocks.

During the morning session, the indices opened in the red. The SENSEX declined as much as 0.61% to touch an intraday low of 73,815.12. Meanwhile, the NIFTY50 reached the session’s low of 23,229.15.

However, at 12:51 PM, the S&P BSE SENSEX advanced by 272.01 points, or 0.37%, to trade at 74,539.35, while NSE’s NIFTY50 stood at 23,437.50, reflecting a 54.90 points, or 0.23% rise.

On Monday, the foreign institutional investors (FIIs) sold shares worth ₹3,911.68 crore, while the domestic institutional investors (DIIs) purchased equities worth ₹5,109.13 crore on a net basis, according to exchange data.

The top gainers in the NIFTY50 index included TCS, Infosys, HCL Technologies, Tech Mahindra, and Trent.

On the contrary, NTPC, Power Grid Corporation of India, Larsen & Toubro, Axis Bank and Cipla were among the top losers.

Buzzing stocks on June 2: Check list

Shares of NMDC surged as much as 5.27% to hit a 52-week high of ₹97.24 apiece on the National Stock Exchange (NSE) on Tuesday, June 2, after it reported a 19.9% year-on-year (YoY) increase in its iron ore production to 5.31 million tonnes (MT) in May, compared with a production of 4.43 MT in the year-ago period.

However, the company's sales during the month under review dropped by 6.9% YoY to 4.04 MT, as against 4.34 MT in May of 2025, according to provisional figures of NMDC.

In Chhattisgarh, its production stood at 3.99 MT in May 2026, marking a 30.39% YoY jump from 3.06 MT from the same period of the preceding year. The sales in the state advanced 11.33% YoY to 3.34 MT, in comparison to 3 MT recorded in May 2025.

In Karnataka, the production dropped by 2.64% YoY to 1.32 MT from 1.37 MT recorded in May last year. Meanwhile, its sales declined 47.76% YoY to 0.70 MT, from 1.34 MT.

The stock of Paras Defence advanced as much as 3.87% to hit an intraday high of ₹846 per equity share on the NSE, after the company said it has secured a fresh order from Bharat Electronics (BEL).

In a regulatory filing, the defence firm said it has received an order from BEL to supply electro-optics worth approximately ₹52.82 crore, including taxes.

The order is expected to be completed on or before September 2027.

Transrail Lighting shares surged 2.4% to touch an intraday high of ₹496.70 apiece on Tuesday, June 2, as the firm secured a fresh order.

The turnkey EPC player in Power Transmission & Distribution (T&D) with diversified operations across Civil, Railways, Poles & Lighting and Solar EPC has secured new orders worth ₹575 crore, primarily in the T&D segment, along with orders in Civil & Pole businesses.

The company further holds an L1 position of around ₹400 crore and enjoys a strong bidding pipeline across both domestic and international markets. Transrail Lighting said a robust order book paired with a healthy bidding pipeline reinforces the company's long-term growth outlook.

Anant Raj stock rose as much as 4.56% to ₹563.25 apiece on the NSE on Tuesday, June 2, as the company signed an agreement with the Haryana government to invest ₹20,000 crore for the development of data centre infrastructure in the state.

In a statement on Monday, Anant Raj said it has signed a Memorandum of Understanding (MoU) with the Haryana government to invest ₹20,000 crore in the development of large-scale data centre infrastructure across the state.

Anant Raj currently operates 28 MW of IT load across its campuses in Manesar and Panchkula and is expanding its data centre footprint across Haryana.

It aims to achieve a total capacity of 307 MW by 2031-32 across Manesar, Panchkula, and Rai, supported by a planned capital expenditure of about $2.1 billion. The proposed investment is over and above the company's existing and ongoing data centre expansion plans.

Shares of Wipro rose 1.37% to reach the session’s peak of ₹209.25 per unit on the NSE on Tuesday, as the IT major said its step-down subsidiary Wipro IT Services LLC has acquired an additional stake in Aggne Global.

"Wipro IT Services, LLC (stepdown subsidiary) will acquire an additional 20% stake in Aggne Global Inc,” the company said in a regulatory filing.

With this, Wipro IT Services, LLC’s shareholding in Aggne Global Inc. will increase to 80%.

The transaction is expected to be completed by June 5, 2026. The company said that this additional stake purchase in Aggne will further strengthen Wipro’s competitive advantage in the insurance sector—particularly in driving AI and IP-led transformations for the Property & Casualty Insurance (P&C) sector.

Force Motors' stock dropped 5.92% hit its 52-week low of ₹17,782 per equity share on June 2, after the company posted a 14.72% decline in domestic sales to 2,560 units in May 2026, compared to 3,002 units in the same month last year.

It includes small commercial vehicles (SCV), light commercial vehicles (LCV), utility vehicles (UV) and sports utility vehicles (SUV).

The exports stood at 54 units in May this year, reflecting a fall of 37.21% year-on-year (YoY).

The total sales (domestic + export) in the month under review were at 2,614 units, down 15.35% from 3,088 units in May 2025.

Acme Solar shares rallied as much as 8.85% to hit a 52-week high of ₹334.40 apiece, after the renewable energy firm launched its qualified institutional placement (QIP).

Acme Solar Holdings kick-started its QIP today after the company’s board approval. The floor price of the QIP issue was set at ₹294.13 per share, which is a discount of 4.2% compared to the previous day's closing of ₹307.20 on NSE.

The company will use net proceeds from the QIP towards debt repayment and for general corporate purposes.

The stock of NHPC declined as much as 5.91% to touch an intraday low of ₹72.63 per equity share on the NSE on June 2, as the government on Monday announced an offer for sale (OFS) to sell a stake in the company.

The government on Monday said it would sell up to 6% stake in NHPC at a floor price of ₹71 per share through an offer for sale (OFS) beginning on Tuesday.

"Government of India announces OFS in NHPC Ltd with a base offer of 3% of its equity and an additional 3% Green Shoe Option in case of oversubscription. Floor price fixed at ₹71 per share," Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said.

The floor price of ₹71 per share is at an 8% discount over Monday's closing price of the scrip at ₹77.19 on the BSE.