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#GEShipping sees dry bulk recovery, tanker rates flat@_prashantnair @Nigel__DSouza https://t.co/LtnT1o6XJ2

— CNBC-TV18 (@CNBCTV18Live) June 4, 2025

Heavy selling pressure is weighing on these top five Nifty Midcap 100 stocks: ABFRL leads the losses, falling nearly 10.27%, followed by Alkem Laboratories down 2.53%, Phoenix Mills down 2.34%, Bharat Dynamics down 1.41%, and Suzlon Energy down 1.35%.

The shares of public-owned Railtel jumped on Wednesday. The company shares soared by over 11%, taking the overall value to ₹443.65.

In Q4 results, revenue for the Railway PSU increased by 57% from the same quarter last year to ₹1,308 crore. Net profit for the period also grew by 46% year-on-year to ₹113.45 crore.

Its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter also increased by 54% year-on-year to ₹179.63 crore.

The shares of Ircon International jumped 12% on Wednesday. This comes after yesterday’s trading session, when the company’s stocks declined by under 1%.

The current stock price stands at ₹218.07 per share.

#RupeeCheck | Rupee depreciates more than 40 paise against US dollar from yesterday’s closing lvl, at $86/$ pic.twitter.com/FKiwCaOdRi

— CNBC-TV18 (@CNBCTV18Live) June 4, 2025

Here are a couple of stock recommendations by Mitessh Thakkar, Technical Analyst

Buy IRFC with a stop loss of ₹140.50 and a target of ₹150

Buy AU SFB with a stop loss of ₹719 and a target of ₹750

On Defence PSU Stocks (Cochin Shipyard, Mazagon Dock, GRSE):

These stocks have rallied significantly. While they remain strong, new entries should wait for a pullback. For Mazagon Dock, a good re-entry zone is ₹3,250–₹3,200. GRSE is performing well but trading far above its short-term averages, so a 5–7% dip would offer a better entry. If holding these, continue to hold.

On Tata Technologies:

Tata Tech is showing signs of a pullback. A buying opportunity may arise around ₹744–₹735, with a stop loss at ₹730. The stock is expected to retest ₹780 and move higher.

The shares of Camlin Fine Sciences Ltd increased in value on Wednesday. The company shares jumped by over 6%. This marked a hat-trick of gains, as the company stocks made gains for the third straight session.

The current share price stands at ₹255.95.

Donald Trump took to Truth Social to air his displeasure over the progress of trade deal negotiations between China and the US.

Chennai Petro is set to invest ₹400 crore to establish retail fuel outlets, marking its return to the direct fuel retail sector nearly 20 years after exiting.

Probal Sen, Energy Analyst at ICICI Securities, remains bullish on GAIL, MGL, and Oil India, highlighting them as top picks while maintaining a positive outlook.

Though there are other buy recommendations, these three remain their preferred choices.

Shares of Sun Pharma Advanced Research Company (SPARC), a unit of India’s largest drug maker Sun Pharmaceuticals Ltd. fell as much as 18% on Wednesday, June 4, after it announced results from its Phase 2 trials of the SCD-044 drug.

 #CNBCTV18Market | PI Ind In Focus

–Kumiai Chemical Revises Its Outlook Higher For Year Ending Oct 2025

–Kumiai Chem Raises Revenue Outlook By 9% And EBITDA By 34% pic.twitter.com/r8XqS5SMh0

— CNBC-TV18 (@CNBCTV18Live) June 4, 2025

Mazagon Dock Shipbuilders has surpassed eight Nifty 50 stocks in terms of market value.

The stock is currently up nearly 1%, trading at ₹3,469.10

Read Full Article

Chandan Taparia, Motilal Oswal Financial Services

Buy SBI Card with a stop loss of ₹920 and a target of ₹980

Buy M&Mwith a stop loss of ₹3,020 and a target of ₹3,220

Buy RVNL with a stop loss of ₹405 and a target of ₹435

The shares of Bharti Airtel rose after a positive note from Jefferies for the telecom industry

Jefferies On Telecom

In Q4, Aggregate Revenue Growth Was Healthy At 15% YoY

Rev Growth Aided By Sharp Rebound In Subscriber Additions

Bharti Remains Our Preferred Way To Participate In Ongoing Revival

VIL’s Continued Subscriber Loss & Worsening Mix Bode Well For Bharti/Jio

According to Chetan Ahya of Morgan Stanley, policy support is crucial for India at this stage, and the RBI is expected to cut rates two more times, as inflation is likely to stay below 4%, creating room for further easing.

#PMIData | HSBC May Services PMI At 58.80 Vs 58.70 In April

HSBC May Composite PMI At 59.3 Vs 59.7 In April pic.twitter.com/QeKgc37A5w

— CNBC-TV18 (@CNBCTV18Live) June 4, 2025

 #OnCNBCTV18 | Have not seen any impact from NHS being abolished, need to see how US uncertainty impacts the quarter

Want to get back to 17-19% margin, focus is on improving profitability

Ashank Desai, Mastek to CNBC-TV18 pic.twitter.com/16Wj2i7tqW

— CNBC-TV18 (@CNBCTV18Live) June 4, 2025

Maruti Suzuki is set to expand its solar capacity by 30 MWp with two new projects.

Shares of Garden Reach Shipbuilders jumped 10% following the signing of a memorandum of understanding with Norway’s Kongsberg.

Read Full Article

The US Federal Reserve has removed the restrictions it imposed on Wells Fargo in 2018 following the fake accounts scandal.

Details Here

Shares of Scoda Tubes, the stainless steel tubes and pipes maker, made a flat listing on Dalal Street on Wednesday, June 4, as the stock was listed at par at ₹140, at the issue price on both NSE and BSE.

A large trade took place in Indegene, with 2.53 crore shares—representing 10.56% of equity—changing hands for ₹1,504 crore at ₹594 per share.Praj Industries has signed an MoU with IATA and ISMA to support the certification process for sustainable aviation fuel (SAF).

Motilal Oswal Large Trade | 40.44 LK Shares Worth Rs 334 Cr Change Hands At Rs 826/sh pic.twitter.com/AOc8rG5S7D

— CNBC-TV18 (@CNBCTV18Live) June 4, 2025

 Alkem Labs Large Trade | 1.4% Equity Changes Hands Via Block Deals pic.twitter.com/lUnDhgRmI7

— CNBC-TV18 (@CNBCTV18Live) June 4, 2025

Here are a couple of stock recommendations by Mitessh Thakkar, Technical Analyst

On Reliance: “I have some futures position, disclaimer is that there is a vested interest. Reliance has been consolidating post the rally. As long as it is above the ₹1,380 zone, it is good and I would expect the stock to get past its recent highs of ₹1,460 to about ₹1,500-1,520.”

On HDFC Bank, Kotak Mahindra Bank: “HDFC Bank and Kotak Mahindra Bank – both these big banking names have turned sideways to mildly negative. If HDFC Bank would start getting past ₹1,950-1,960, then you will see a breakout otherwise, you might get it towards the lower end of the range, which is around ₹1,870-1,860.”

On SPARC: “In the last few weeks, there has been a big breakout in SPARC, which has taken place. The first target was around ₹200-203, it has done that and might see some pullback because the rally has been very good in the last four weeks. But in case it starts getting past that, I suspect the upside target would be in excess of ₹225.”

On IEX: “The stock has been moving in an uptrend. If you get IEX on a pullback, you can explore the opportunity.”

On Welspun Corp: “It has been a good breakout, the earlier swing high was around ₹880, Welspun Corp went right past that in four sessions, and yesterday was some kind of a pullback. If you get it close to about ₹900-885 zones, accumulate, buy more, keep a stop loss below ₹850 here.”

Defence stocks surged in the early hours of the trading day on Wednesday.

The shares of Garden Reach surged 9.12%.

The shares of Cochin Shipyard increased in value by 5.38%

Bharat Dynamics shares jumped in value by close to 4%

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