Stocks to Watch on June 5: HAL, REC, YES Bank and More in Focus

Benchmark indices regained momentum on Wednesday. The BSE Sensex rose by 260.74 points, closing at 80,998.25, while the Nifty 50 gained 77.70 points to end the day at 24,620.20.

Let’s take a look at the stocks that could influence market movement on June 5, 2025:

HAL (Hindustan Aeronautics Limited)

Hindustan Aeronautics Limited, a state-owned aerospace major, has denied a recent media report alleging stalled negotiations with General Electric (GE) over the local manufacturing of GE414 engines. HAL labelled the report as “factually incorrect and misleading,” reaffirming its commitment to the Light Combat Aircraft (LCA) Mk2 programme.

REC

REC Ltd, a Maharatna PSU, announced that its board has approved a proposal to raise up to ₹1.55 lakh crore through private placement of bonds or debentures. The capital raise will be carried out in multiple tranches and is subject to shareholder approval at the upcoming AGM.

Gland Pharma

Gland Pharma’s material subsidiary, Cenexi, has received a final inspection report from the French drug authority, ANSM. The report noted 11 observations regarding Good Manufacturing Practices (GMP) compliance at its Fontenay facility. The company is expected to respond with corrective measures.

PowerGrid Corporation

PowerGrid Corporation, the state-owned power transmission company, has completed the acquisition of MEL Power Transmission Ltd (MPTL), a special purpose vehicle, for ₹8.53 crore. The transaction includes 10,000 equity shares and the transfer of all assets and liabilities as of the acquisition date. Final cost may change based on audited results.

Waaree Energies

Waaree Energies, a promoter of Indosolar Ltd, will offload up to 4,76,495 shares (1.15% of Indosolar’s equity) through an OFS on June 5 and 6. The move aims to ensure compliance with minimum public shareholding norms. The OFS opens for non-retail investors on June 5, while retail investors can bid on June 6.

Vedanta

Vedanta has increased its renewable energy capacity to 1.03 GW and is targeting 2.5 GW by 2030. The ramp-up in round-the-clock renewable power agreements supports the company’s broader aim of achieving net-zero emissions by 2050 or earlier.

YES Bank

While no specific news has surfaced today, YES Bank remains on the market’s radar due to recent volume activity and increased institutional interest in the banking and financial services space.

Conclusion

June 5 is poised to witness movements driven by stake sales, regulatory updates, and strategic investments. While firms like HAL and REC are shaping long-term strategies, OFS activity in Indosolar signals liquidity reshuffling. The energy, pharma, and defence sectors remain pivotal in market conversations.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.