Stocks to Watch Today: NHPC, Ola Electric, Wipro, PNC Infratech, NMDC and More in Focus

Several stocks are expected to remain in focus today following key business updates, stake sales, management changes, fundraising plans, and fresh project wins.

Force Motors reported weak monthly sales performance for May 2026. Total sales declined 15.35% year-on-year to 2,614 units from 3,088 units a year ago. Domestic sales fell 14.72% to 2,560 units, while exports dropped sharply by 37.21% to 54 units.

State-owned mining major NMDC reported a mixed operational performance. Iron ore production increased 19.9% year-on-year to 5.31 million tonnes (MT), compared to 4.43 MT last year. However, iron ore sales declined 6.9% to 4.04 MT from 4.34 MT.

Alkem Laboratories may witness investor attention after reports suggested that Samprada and Nanhamati Family Trust are likely to sell up to a 1.5% stake through a block deal. The floor price for the transaction has reportedly been fixed at ₹5,200 per share.

Ola Electric Mobility has launched its Qualified Institutional Placement (QIP) issue and fixed the floor price at ₹37.74 per share. The fundraising exercise is aimed at strengthening the company's balance sheet and supporting future growth initiatives.

IT major Wipro announced that its step-down subsidiary, Wipro IT Services, will acquire an additional 20% stake in Aggne Global Inc. The transaction is expected to be completed by June 5, further increasing Wipro's ownership in the insurance technology services company.

Infrastructure player PNC Infratech received a Letter of Acceptance worth ₹194.4 crore from the Lucknow Development Authority for the construction of a four-lane flyover, including loops and ramps, at the Shaheed Path-Gomti River intersection in Uttar Pradesh.

Black Box entered into a strategic alliance with AIONOS to help enterprises accelerate artificial intelligence adoption. The partnership combines Black Box's digital infrastructure expertise with AIONOS's AI platforms and solutions.

Equitas Small Finance Bank received RBI approval allowing Mirae Asset Mutual Fund to acquire up to 9.5% of the bank's paid-up share capital or voting rights.

Public sector lender Canara Bank will be in focus after the government appointed Brajesh Kumar Singh as its new Managing Director and Chief Executive Officer.

NHPC is likely to remain active as the government plans to sell up to a 6% stake through an Offer for Sale (OFS), including a greenshoe option. The floor price has been fixed at ₹71 per share.

Real estate developer Anant Raj announced plans to invest around ₹25,000 crore in data centres and cloud infrastructure projects in Haryana through a collaboration framework with various state government departments.

Among other developments, SoftTech Engineers partnered with BMC to launch India's first AI-powered Digital Approval Twin platform, Fino Payments Bank tied up with Ezee.ai for AI-enabled lending solutions, while Protean eGov Technologies completed a leadership transition with Ajay Rajan taking charge as Managing Director and CEO.