Stocks to Watch Today: IREDA, Bajaj Finserv, Ashoka Buildcon, Praj Industries, JSW Energy, Coal India, Imagicaaworld Entertainment, 3B Films in focus on 6 June- Grow Mudra

Stocks to Watch Today: IREDA, Bajaj Finserv, Ashoka Buildcon, Praj Industries, JSW Energy, Coal India, Imagicaaworld Entertainment, 3B Films in focus on 6 June

06 Jun , 2025 By : Debdeep Gupta

Let's catch up on the latest news from the stock market. From significant investments to major deals, order wins, and fund raising, here’s a quick look at which stocks will be in focus in today's trade:

Quarterly Earnings

Indian Renewable Energy Development Agency (IREDA) Q4 (Consolidated YoY)

Net loss stands at Rs 8.67 crore Vs profit at Rs 11.62 crore

Revenue grows 15.6% to Rs 204.4 crore Vs Rs 176.8 crore

Total expenses spike 46% to Rs 230.9 crore Vs Rs 158.1 crore

Other income zooms to Rs 37.5 crore Vs Rs 0.14 crore

Stocks to Watch

Bajaj Finserv

Promoter entities Bajaj Holdings and Jamnalal Sons are likely to sell up to a 1.94% stake in Bajaj Finserv via block deals, reports CNBC-TV18 quoting sources. The total block size may be around Rs 5,828 crore, with a floor price of Rs 1,880 per share.

Indian Renewable Energy Development Agency (IREDA)

IREDA has opened its Qualified Institutional Placement (QIP) on June 5 and set the floor price at Rs 173.83 per share. The company may also offer a discount of up to 5% on the floor price.

Ashoka Buildcon

The company has received letters of intent worth Rs 1,387.2 crore from the Motor Vehicles Department, Maharashtra, for various circles (Nagpur, Mumbai, Pune, Marathwada, Konkan, and Western Maharashtra). The project involves the design, implementation, integration, operation, and maintenance of an intelligent traffic management system on various stretches in these circles for 10 years.

Praj Industries

Enersur S.A., a Paraguay-based renewable energy company, has selected Praj Industries for its next major project. Praj will support the development, assessment, and phased implementation of a biorefinery project in Paraguay.

JSW Energy

The company has commissioned 281 MW of organic renewable energy capacity, comprising 215 MW of solar capacity and 66 MW of wind capacity, taking its total installed capacity to 12,499 MW. Further, JSW Renew Energy Three, a step-down subsidiary, has signed a Power Purchase Agreement (PPA) with Adani Electricity Mumbai for 250 MW of STU-connected wind capacity. The PPA, signed for a supply period of 25 years, is priced at a tariff of Rs 3.65/kWh. The project in Maharashtra is expected to be commissioned within the next 24 months.

Coal India

Coal India (CIL) has executed a non-binding Memorandum of Understanding (MoU) with Indian Port Rail & Ropeway Corporation in Kolkata for the development of rail infrastructure for CIL and its subsidiaries.

Imagicaaworld Entertainment

The company has executed a facility agreement worth Rs 275 crore with HDFC Bank to avail a loan for financing the purchase of the park business undertaking—Wet’n Joy (Amusement Park and Water Park) at Lonavala and Wet’n Joy (Water Park and Saiteerth Devotional Theme Park) at Shirdi—from Giriraj Enterprises.

KCP

K Ramakrishna has been designated as the CEO of the cement business (head of the cement division) of the company, effective June 5. He currently serves as the Senior President of the cement division.

NTPC Green Energy

The company has commenced operations of the first part capacity of 110.25 MW out of the 1,255 MW Khavda-I Solar PV project of its subsidiary, NTPC Renewable Energy.

Lloyds Engineering Works

The Board has approved the allotment of 30.85 crore partly paid-up equity shares for Rs 32 per share to the company’s eligible equity shareholders on a rights basis. Of this amount, Rs 16 per share has been paid on allotment, and the remaining amount will be payable in two or fewer calls.

Zinka Logistics Solutions

The shareholding of Accel India IV (Mauritius) and Accel Growth Fund V LP in the company has been reduced by 2.73% to 10.81% from 13.54%, following the completion of an open-market transaction on June 3.

Zaggle Prepaid Ocean Services

The company has agreed to acquire a 100% stake in Greenedge Enterprises from the existing shareholders for Rs 27 crore. It has executed a non-binding term sheet for the said acquisition. The acquisition of Greenedge is expected to strengthen Zaggle’s offerings in the loyalty and rewards segment, as well as the travel segment.

Hawkins Cookers

The company has commenced commercial operations at its fourth factory in India, located in Jaunpur, Uttar Pradesh.

Bulk Deals

Hilton Metal Forging

Promoter Yuvraj Hiralal Malhotra has sold a 0.56% stake (1.31 lakh shares) in the company.

Khadim India

Bandhan Mutual Fund has sold 1 lakh shares in Khadim India.

SME Listing on June 6

3B Films

Stocks Trade Ex-Dividend

Bank of Baroda

Tata Steel