Stocks to watch, June 1: Prestige Estates, OMCs, QSRs, auto stocks, IndiGo, Arvind, Page Ind, Suzlon Energy

Stocks to watch: The domestic stock market will likely open lower on Monday, June 1. The GIFT NIFTY futures suggest that the NIFTY50 index will open 23 points lower.

Here is a list of stocks that may remain in focus today.

Auto stocks: Shares of automotive companies such as Maruti Suzuki India (MSIL), Hyundai India, M&M, and Tata Motors, among others, will be in focus as they begin releasing their May sales numbers today.

OMCs, QSRs, hotels: Commercial LPG cylinder prices were hiked again from June 1, with the rate of a 19-kg cylinder rising by about ₹42 in Delhi and up to ₹53.5 in some metros, while domestic LPG prices remained unchanged.

Stocks such as Indian Oil Corporation, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited will be in focus. The hike is marginally positive for OMCs, as it helps offset input cost pressures and supports marketing margins in the commercial LPG segment.

However, it could raise operating costs for hotels, restaurants, caterers, and other commercial users, potentially leading to higher menu prices and inflationary pressure in the food services sector.

Textile stocks: The government on Saturday exempted all customs duties on cotton imports for 5 months, until October 30, 2026. In a notification, the finance ministry said the import duty exemption will be effective from June 1, 2026.

The customs duty exemption on cotton imports is positive for textile and apparel manufacturers that rely on imported cotton, as it lowers raw material costs and improves margins, especially at a time when domestic cotton prices remain elevated.

Stocks likely to benefit are Vardhman Textiles, Trident, Welspun Living, KPR Mill, Arvind, Page Industries, Gokaldas Exports, and Pearl Global Industries.

InterGlobe Aviation (IndiGo): Flying into the red, IndiGo on Friday reported a loss of ₹2,536.9 crore in the March quarter due to multiple headwinds, including challenging operating conditions and rupee depreciation.

The country’s largest airline earned ₹3,067.5 crore in the year-ago period.

For the 2025-26 fiscal, the carrier posted a net loss of ₹2,393.6 crore, but excluding the impact of foreign exchange and exceptional items, it would have been a profit of ₹7,502.5 crore, it said in a release.

Total income in the fourth quarter of the 2025-26 fiscal year rose over 3% to ₹23,830.7 crore from ₹23,097.5 crore in the same period a year ago, according to a release.

“For the quarter ended March 2026, IndiGo reported a net loss of ₹25,369 million. Excluding the impact of foreign exchange and exceptional items, the company reported a net profit of Rs 19,206 million,” InterGlobe Aviation, the parent of IndiGo, said in the release.

Despite continuing external disruptions in 2025-26, IndiGo said its capacity rose 9.5% on an annual basis, and the total income grew 6.4% to ₹89,513.4 crore.

Prestige Estates Projects: Enthused by record sales bookings last fiscal, Prestige Estates Projects Ltd is targeting up to 20 %growth in pre-sales this fiscal to ₹36,000 crore as it remains bullish on housing demand despite global uncertainties.

In an interview with PTI, Prestige Group Chairman and Managing Director (CMD) Irfan Razack said the company is witnessing a pretty good demand for its residential properties, and there is no concern at all.

However, the CMD said the company’s construction cost has definitely gone up due to the rise in prices of many key raw materials after the start of the West Asia conflict in March.

Razack said the company performed well during the last fiscal year on both operational and financial metrics and hoped the growth momentum would continue even during 2026-27.

PhysicsWallah: Edtech firm PhysicsWallah expects to grow revenue by over 30% this fiscal and leverage artificial intelligence to reduce operational expenses, a senior company official said.

The company recently reported narrowing of consolidated loss to ₹69.14 crore in the fourth quarter ended March 31, 2026, due to increase in enrolments and average revenue per person from a loss of ₹289.27 crore in the same period a year ago.

“We will continue to grow upwards of 30% in terms of our revenue. The current focus of the management is to generate revenue through AI because education is a direct impact area, and all the repetitive tasks AI performance has been significantly improved, and cost is also significantly reduced,” PhysicsWallah Co-Founder Prateek Maheshwari told PTI.

Asian Paints: Asian Paints on Friday reported a 69.15% year-on-year increase in consolidated net profit at ₹1,185.49 crore in the March quarter of FY26.

The company had logged a net profit of ₹700.83 crore during the January-March period a year ago, Asian Paints said in a regulatory filing.

Revenue from sales went up 10.79% to ₹9,228.46 crore in the March quarter of FY26. It was at ₹8,329.59 crore in the corresponding period a year ago.

“Q4 FY26 performance was a quarter of all-around performance, with double-digit volume and value growth and margin expansion. The quarter witnessed improvement in the domestic decorative business, with the business delivering a 12.4% growth in volume and 10.2% growth in value terms,” it said.

Central Bank: The Central Bank of India plans to roll out wealth management and credit card businesses in the second half of the current fiscal to ramp up its fee income, MD and CEO Kalyan Kumar has said.

The bank has obtained board approval for the same.

“Now, we are in the process of issuing an RFP (Request for Proposal) for onboarding those who have expertise so that…we can start this business. In this year, I understand by the middle of the year we should be in a position to launch this business,” he told PTI in an interview.

Besides, he said, the bank is planning to launch products that can improve the non-interest income.

For corporate customers, he said, “Cash management services play a very important role. That product is under development with us, and by August, we are going to launch it…We are having centralised forex sales through that LC (Letter of Credit) and LG (Letter of Guarantee) business and also the forex business we are starting.”

Suzlon Energy: Suzlon Energy Ltd said it will move the Securities Appellate Tribunal (SAT) against a SEBI order imposing a penalty of ₹28.95 crore on the company, its two promoters, and ex-CFOs over alleged misrepresentation of financial statements.

In a BSE filing, the company stated that the Securities and Exchange Board of India (Sebi), through an order passed on May 29, 2026, set aside an earlier adjudication ruling on June 27, 2025.

The earlier ruling had exonerated Suzlon Energy and its promoter-directors Vinod R Tanti, Girish R Tanti and former CFOs Kirti J Vagadi and Amit Agarwal without imposing any penalty regarding allegations of misrepresentation in financial statements between FY14 and FY18.

Inox Green Energy Services: Inox Green Energy Services on Friday posted a jump in consolidated net profit to ₹28.35 crore during the March quarter, on account of a rise in income.

It had reported a net profit of ₹6.44 crore in the year-ago period, the company said in an exchange filing.

During January-March, the company’s total income rose to ₹119.48 crore from ₹85.30 crore in the fourth quarter of 2024-25.

Expenses stood at ₹73.71 crore as against ₹72.01 crore in the last quarter of FY25.

LIC: Insurance giant LIC is actively considering establishing a fintech arm either through strategic investment or organically to cater to its growing digital needs, CEO and MD R. Doraiswamy said.

“Naturally, to meet the modernisation requirement and particularly to bring innovation, we are engaging both fintech and insurtech players, and we are getting a lot of new things being developed by such players,” Doraiswamy told PTI in an interview.

On the other side, he said, “We are a big financial institution investing in multiple organisations, and we also look at strategic investments in any specialised player as a way of improving the returns on the policyholders’ funds.”

Talking about Life Insurance Corporation of India’s IT journey, he said it was one of the early adopters of digital technologies.

Trent: Tata Group retail firm Trent remains in the early phase of its growth journey despite rapid expansion in recent years, said its chairman, Noel N. Tata, exuding confidence that the company would achieve its ambitious target of becoming ten times bigger in revenue terms in the “not-so-distant future”.

Trent owns lifestyle and fashion department store chain Westside, value-fashion chain Zudio and hypermarket Star Bazaar.

NLC India, RIL: NLC India Ltd (NLCIL) and Reliance Industries Ltd will jointly explore developing an underground lignite gasification project in Gujarat as part of efforts to augment domestic gasified fuel supplies amid the global fuel crunch, PTI reported, quoting sources.

The public sector undertaking has signed an agreement with RIL to assess the feasibility and technical viability of converting lignite reserves through underground gasification.

NLCIL holds two lignite blocks in Gujarat that would be considered for the project, they said. The preliminary technical studies for underground lignite gasification blocks with RIL are in progress, they said, adding that Reliance Industries was brought on board for its expertise in gasification technologies, the report said.

Inox Green Energy Services Ltd (INOX Green) is a major wind power operation and maintenance (O&M) service provider within India.

Inox Wind: Inox Wind on Friday posted around a 45% decline in consolidated net profit at ₹105.68 crore during the March quarter, impacted by higher expenses.

It had reported a net profit of ₹190.34 crore in the year-ago period, the company said in an exchange filing.

During January-March, the company’s total income from operations also fell to ₹1,305.50 crore from ₹1,310.65 crore a year earlier.

Expenses stood at ₹1,161.59 crore against ₹1,103.01 crore in the last quarter of FY25.

In an investor presentation, the company said its order book was 3.1 GW as of March 31, 2026, providing a large revenue visibility for more than 24 months.

Tata Power: Tata Power Solar Rooftop, an arm of Tata Power, on Friday launched a campaign in Uttar Pradesh with an aim to accelerate rooftop solar system installations and provide round-the-clock clean energy supply to households across the state.

The ‘Ghar Ghar Solar’ campaign was launched along with Tata Power Battery Storage, an integrated battery energy storage solutions provider in Lucknow.

The initiative aims to help consumers meet their rising electricity needs in a cost-effective and sustainable manner, the company said in a statement.

Unimech Aerospace and Manufacturing: Precision engineering firm Unimech Aerospace and Manufacturing Ltd on Friday reported a 10% decline in profit after tax (PAT) at ₹26.1 crore in the March quarter compared to ₹29.2 crore in the same quarter of the previous year.

Revenue from operations for the reporting period, January-March 2026, stood at ₹81.8 crore compared to ₹68.4 crore in the corresponding period of last year, registering a year-on-year growth of 20%, the Bengaluru-based company said.

PAT declined mainly on account of higher depreciation and finance costs from strategic capacity and capability investments made during the year, Unimech said. For the full year ended March 31, 2026, PAT dropped 24% to ₹63.3 crore from ₹83.5 crore in FY25.

At the same time, revenue from operations for FY26 stood at ₹240.5 crore, at par with ₹242.9 crore in the fiscal year earlier, reflecting a Y-o-Y marginal decline of 1%, primarily led by slow order pick-up from customers for most of the tariff-impacted year, it said.

Hindustan Copper: State-owned Hindustan Copper Ltd (HCL) on Friday said its board has approved awarding a contract to Lohum Materials Pvt Ltd for restarting operations of Gujarat Copper Plant, a unit of HCL, under a ‘Revenue Sharing Model’.

The agreement will initially remain valid for 20 years and is likely to be extended by an additional five years.

The board also approved a proposal to sign a pact with Engineers India Ltd (EIL) to collaborate on a range of technical and project services.

The company may also explore the possibility of exploring copper blocks in Madhya Pradesh, Chhattisgarh, Jharkhand, West Bengal, and Sikkim.

Olectra Greentech: Electric vehicle maker Olectra Greentech Ltd on Friday reported a over two-fold increase in profit after tax (PAT) to ₹50.60 crore in the March quarter of 2026 against ₹24.31 crore in the corresponding quarter last year.

Revenue from operations for the January-March period stood at ₹635.21 crore against ₹437.96 crore in Q4FY25, a year-on-year growth of 45%, according to a regulatory filing.

For FY26, PAT grew 29% to ₹179.53 crore as against ₹139.21 crore in the year earlier, supported by disciplined execution, while the revenue for the reporting year stood at ₹2,312.17 crore, up 28 per cent from ₹1,801.9 crore, the company said in a statement.

During the year, the company delivered 32% more EVs, at 1,280 units, compared with 972 in FY25, it said.

Olectra Greentech said its order book stood at 10,161 electric vehicles, providing strong visibility for future growth.

SAIL: State-owned SAIL expects the ongoing West Asia crisis to have only a marginal impact on its steel prices and is establishing alternative shipping routes to ensure the uninterrupted supply of raw material from the region, a top company executive said.

The company buys raw materials, such as limestone from Dubai, Ashok Panda, the newly appointed chairman of the steel major, said.

“So far as SAIL is concerned, we will have some impact with respect to the fluxes, limestone, et cetera, which we are buying from Dubai. So, the landed cost, the CFR (cost and freight) cost, is going to go up, because it was around $23-24; now it will be around $35,” the official said in reply to a question related to the impact of the West Asia crisis.

But overall, in sellable steel, its impact will be hardly ₹100 or ₹200, the chairman said.

Patanjali Foods: Patanjali Foods Ltd on Saturday reported a 46% increase in its consolidated net profit to ₹523.97 crore for the quarter ended March on higher income from the sale of cooking oils and other food items.

Its net profit stood at $358.51 crore in the year-ago period.

Total income rose to ₹11,212.17 crore during the January-March period of the 2025-26 fiscal year from ₹9,564.47 crore in the corresponding period of the preceding year, according to a regulatory filing.

During the 2025-26 fiscal year, the company’s net profit grew to ₹1,814.47 crore from ₹1,300.70 crore in the preceding year.

Total income climbed to ₹40,347.78 crore last fiscal from ₹33,890.68 crore in the 2024-25 financial year.

PB Fintech: Two co-founders of PB Fintech, which owns digital insurance platform Policybazaar, have offloaded nearly a 1% stake in the company for around ₹665 crore, according to market data.

Goldman Sachs, Societe Generale, and Morgan Stanley are among the global financial institutions that collectively acquired 38 lakh equity shares, or nearly 1% of the equity, in PB Fintech through open-market transactions, exchange data showed.

Other foreign investors participating in the transaction included Ghisallo Capital Management, Metzler Asset Management (part of Bankhaus Metzler, Germany’s oldest private bank), Matthews International Capital Management, Wasatch Global Investors, BNP Paribas, and Hong Kong-based Viridian Asset Management.

Among domestic institutional investors, Tata Mutual Fund, Kotak Securities, and National Pension System (NPS) Trust purchased shares in the transaction, according to block deal data on the National Stock Exchange (NSE) executed on Friday.

Triveni Engineering: Triveni Engineering & Industries Ltd has reported an 8% decline in its consolidated net profit to ₹167.45 crore for the quarter ended March, mainly due to the higher cost of sugarcane.

Its net profit stood at ₹183 crore in the year-ago period.

Total income also fell to ₹1,842.15 crore in the January-March quarter of the last fiscal from ₹1,934.53 crore in the corresponding period of the preceding year, according to a regulatory filing.

During the 2025-26 fiscal year, the net profit rose to ₹268.71 crore from ₹243.19 crore in the preceding year.

Total income grew to ₹7,697.03 crore last fiscal from ₹6,865.58 crore in the 2024-25 financial year.

Triveni Engineering is one of the largest integrated sugar and ethanol producers and engineered-to-order turbo gearbox manufacturers in the country.

It is also in the water and wastewater management business.

IREDA: State-owned IREDA has posted a marginal 1.77% decline in net profit to ₹492.63 crore during the March quarter on account of higher expenses.

The company had reported a net profit of ₹501.55 crore in the same quarter a year ago, the company said in an exchange filing on Friday.

During January-March, the company’s total income rose to ₹2,181.28 crore from ₹1,915 crore in the fourth quarter of the preceding 2024-25 financial year.

Expenses increased to ₹1,562.14 crore from ₹1,285.91 crore in the last quarter of FY25.

For the entire FY26, IREDA posted a net profit of ₹1,874 crore, up from ₹1,698 crore in 2024-25. Annual income also rose to ₹8,338.89 crore from ₹6,755.69 crore in FY25.

In a separate statement, the company said it has “posted the highest ever annual profit”.

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