Stocks to Watch Today: HDB Financial, Hero MotoCorp, Sambhv Steel, Lupin, JSW Energy, Asian Paints, RITES, Paras Defence, Maruti Suzuki in focus on 2 July- Grow Mudra

Stocks to Watch Today: HDB Financial, Hero MotoCorp, Sambhv Steel, Lupin, JSW Energy, Asian Paints, RITES, Paras Defence, Maruti Suzuki in focus on 2 July

02 Jul , 2025 By : Debdeep Gupta

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

Q1FY26 Earnings Update (Provisional)

V-Mart Retail Q1 Update

Total revenue from operations grow 12.6% to Rs 885 crore Vs Rs 786 crore (YoY)

Same-store-sales growth (SSSG) at 1%

Company opens 15 new stores & closes 2 stores

Total number of stores at 510 as of June 2025

Automobile Sales for June Month

Hero MotoCorp (YoY)

Total sales grow 10% to 5.54 lakh units Vs 5.03 lakh units

Domestic sales increase 6.9% to 5.25 lakh units Vs 4.91 lakh units

Exports sales zoom 140% to 28,827 units Vs 12,032 units

Maruti Suzuki India (YoY)

Total sales drop 6.3% to 1.68 lakh units Vs 1.79 lakh units

Domestic sales fall 12.2% to 1.30 lakh units Vs 1.48 lakh units

Exports grow 21.9% to 37,842 units Vs 31,033 units

Total production declines 4.2% to 1.27 lakh units Vs 1.33 lakh units

Hyundai Motor India

Total monthly sales at 60,924 units

Domestic sales at 44,024 units & exports at 16,900 units

SUVs contributes 67.6% to company's total domestic sales in June 2025

Stocks to Watch

Lupin

The company has received approval from the United States Food and Drug Administration (US FDA) for its Abbreviated New Drug Application (ANDA) for Loteprednol Etabonate Ophthalmic Gel, 0.38%. Lupin is the exclusive first-to-file for this product and is eligible for 180 days of generic drug exclusivity. This product is a corticosteroid indicated for the treatment of postoperative inflammation and pain following ocular surgery.

RITES

The company has received an order worth $3.6 million (CIF) from African Rail Company for the supply of two fully overhauled ALCO locomotives for deployment in Zimbabwe, Mozambique, and Botswana. Additionally, the RITES-Aryan joint venture has received the Letter of Acceptance (LOA) for the Tumakuru Station redevelopment project, worth Rs 37.81 crore, from South Western Railway. The project involves civil works, signalling and telecommunication works, and electrical general services at Tumakuru Station.

Exicom Tele-Systems

The Board has approved a rights issue of 1.81 crore shares worth Rs 259.41 crore and has fixed the issue price at Rs 143 per share. Further, the Board approved the issuance of 3 rights equity shares for every 20 equity shares held on the record date. The rights issue will open on July 15 and close on July 30.

Paras Defence and Space Technologies

The company's subsidiary, Paras Anti Drone Technologies, announced that France-based CERBAIR, a leading European counter-UAV company, intends to acquire up to 30 CHIMERA 200 systems—an advanced man-portable radio frequency detection and neutralization device. These systems are designed as a primary defence against drone and swarm drone threats. The deal is worth approximately Rs 22 crore.

MOIL

The company has increased the prices of all ferro grades of manganese ore and all chemical grades by 2%, effective July 1. Prices of all SMGR (Mn-30% & Mn-25%) and fines grades remain unchanged for July.

Asian Paints

The Competition Commission of India (CCI) has ordered its Director General (DG) to investigate allegations of abuse of market dominance by paint maker Asian Paints. This investigation follows a complaint raised by Grasim Industries, a new entrant into the paint market through Birla Opus Paints, as per an official order dated July 1. In the complaint, Birla Opus Paints also accused Asian Paints of placing restrictive clauses with its distributors, discouraging them from selling Birla Paints' products.

JSW Energy

The company’s subsidiary, JSW Renew Energy Thirty Seven, has signed Battery Energy Storage Purchase Agreements (BESPA) with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) for a 250 MW / 500 MWh standalone Battery Energy Storage System (BESS). These projects will be developed on a build, own, and operate model in Rajasthan. The BESPA has been signed for a duration of 12 years, with a tariff of Rs 2,24,000 per MW per month.

Nazara Technologies

The company’s subsidiary, Nodwin Gaming, has completed the acquisition of a 92.30% stake in AFK Gaming from its founders Nishant Patel, Rakesh Ramchandran, Siddharth Nayyar, and other shareholders. Following this acquisition, AFK has become a wholly owned subsidiary of Nodwin and a step-down subsidiary of Nazara Technologies.

SBI Cards and Payment Services

The company has received a Show Cause Notice from the GST Department, Gurugram, proposing to disallow input tax credit (ITC) of Rs 81.45 crore on account of a mismatch between GSTR-2A and GSTR-3B, and Rs 47.53 lakh on supplies from units whose registrations were cancelled retrospectively or who have not filed GSTR-3B, for the period FY 2018–19 to FY 2020–21.

Trident

The company has received a Show Cause Notice from CGST, Ludhiana, for alleged tax dues of Rs 51.86 crore along with applicable interest and a penalty equivalent to the tax dues, if any. The notice is based on alleged discrepancies in ITC reconciliation as per GST returns for FY 2018–19 to FY 2020–21 and suppression of outward tax liability due to variance between E-way bills and GST returns.

Cyient DLM

The Board has appointed Rajendra Velagapudi as Managing Director and Chief Executive Officer (CEO) of the company, effective July 1. He previously served as Managing Director of the company.

Sharda Motor Industries

Ashwani Maheshwari has been appointed as Deputy Managing Director of the company, effective July 1.

Laxmi Organic Industries

Keshav Ruthiya has been appointed as Chief Procurement Officer of the company, effective August 1. Additionally, Rajesh Naik has been appointed as President – Manufacturing, effective August 1. He will succeed Prashant Patil and lead the operations function.

Karur Vysya Bank

The bank has signed an agreement with Kshema General Insurance as an additional bancassurance partner for its non-life insurance business.

Godrej Properties

Godrej Properties has sold a 2.5% stake in Vivrut Developers to Godrej Ventures and Investment Advisers for Rs 8.63 crore.

Bulk Deals

Ellenbarrie Industrial Gases

Motilal Oswal Mutual Fund has acquired 20.95 lakh shares in the company at a price of Rs 511.10 per share, amounting to Rs 107.08 crore.

Kajaria Ceramics

JP Morgan Funds has sold 8.85 lakh shares at a price of Rs 1,067.88 per share, valued at Rs 94.5 crore.

Raymond Realty

Norges Bank, on account of the Government Pension Fund Global, has sold 4.12 lakh shares at a price of Rs 1,005.94 per share, valued at Rs 41.5 crore.

Block Deals

Bharti Airtel

Goldman Sachs (Singapore) Pte – ODI has acquired 1.03 lakh shares in the company from Kadensa Master Fund at a price of Rs 2,009.60 per share.

Hindustan Aeronautics

Goldman Sachs (Singapore) Pte – ODI has bought 1.05 lakh shares in the company at a price of Rs 4,869.80 per share from Kadensa Master Fund.

HDFC Bank

Goldman Sachs (Singapore) Pte - ODI has purchased 76,851 shares in the bank at a price of Rs 2,001.50 per share from Kadensa Master Fund.

ICICI Bank

Goldman Sachs (Singapore) Pte - ODI has acquired 1.27 lakh shares in the bank at a price of Rs 1,445.80 per share from Kadensa Master Fund.

Kaynes Technology India

Goldman Sachs (Singapore) Pte - ODI has purchased 67,690 shares in the company at a price of Rs 6,095 per share from Kadensa Master Fund.

Reliance Industries