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Business / Mon, 01 Jun 2026 CNBC TV18

Stocks to Watch for June 2: Wipro, NMDC, PNC Infra, Ola Electric and more

2 / 11NMDC Ltd | State-owned iron ore miner NMDC Limited on Monday (June 1) reported provisional iron ore production of 5.31 million tonnes (MT) in May 2026, up 19.9% from 4.43 MT a year earlier. Sales stood at 4.04 MT, down 6.9% from 4.34 MT in the same period last year. 7 / 11PNC Infra | Infrastructure company said it has received a Letter of Acceptance (LOA) from the Lucknow Development Authority for a flyover construction project in Lucknow, Uttar Pradesh. 9 / 11Fino Payments Bank | The bank said it has entered into a strategic partnership with Ezee.ai to build a lending ecosystem and support its transition to a Small Finance Bank (SFB). 10 / 11SoftTech Engineers | The firm has collaborated with the Brihanmumbai Municipal Corporation (BMC) to develop CivitTWIN, India’s first AI-powered digital approval twin designed for building permit processes.

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Wipro Ltd | IT services major said its step-down subsidiary, Wipro IT Services, LLC, will acquire an additional 20% stake in Aggne Global Inc for $28.5 million, taking its overall shareholding in the company to 80%. The transaction is expected to be completed by June 5, 2026.

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NMDC Ltd | State-owned iron ore miner NMDC Limited on Monday (June 1) reported provisional iron ore production of 5.31 million tonnes (MT) in May 2026, up 19.9% from 4.43 MT a year earlier. Sales stood at 4.04 MT, down 6.9% from 4.34 MT in the same period last year.

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Ola Electric | The company has launched a Qualified Institutions Placement (QIP) with a floor price of ₹37.74 per share to raise up to ₹500 crore, with an option to increase the issue size.

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NHPC Ltd | The government of India on Monday (June 1) announced an Offer for Sale (OFS) in state-owned NHPC Ltd with a base offer size of 3% of the company’s equity. The OFS also includes an additional 3% green shoe option in case of oversubscription.

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Black Box Ltd | Essar Group's IT arm Black Box Ltd said the company and AIONOS, an AI-native enterprise technology company, have announced a strategic alliance to accelerate AI transformation across enterprises, spanning infrastructure build-out to business outcomes.

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Anant Raj Ltd | Real estate firm said it has entered into a memorandum of understanding (MoU) with the Haryana Enterprises Promotion Centre under the government of Haryana for collaboration in data centre and cloud services. The company stated it plans an investment of approximately ₹25,000 crore.

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PNC Infra | Infrastructure company said it has received a Letter of Acceptance (LOA) from the Lucknow Development Authority for a flyover construction project in Lucknow, Uttar Pradesh.

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Equitas Small Finance Bank | The SFB said it has received approval from the Reserve Bank of India (RBI) for Mirae Asset Mutual Fund to acquire an aggregate holding of up to 9.5% of the bank's paid-up share capital or voting rights.

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Fino Payments Bank | The bank said it has entered into a strategic partnership with Ezee.ai to build a lending ecosystem and support its transition to a Small Finance Bank (SFB).

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SoftTech Engineers | The firm has collaborated with the Brihanmumbai Municipal Corporation (BMC) to develop CivitTWIN, India’s first AI-powered digital approval twin designed for building permit processes.

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