Stocks to Watch Today: Techno Electric, Solarium Energy, NLC India & More
By Siddesh S Raskar
Published on June 4, 2025
As Indian equity markets grapple with ongoing challenges, several stocks are emerging as focal points for investors on June 4, 2025. On June 3, the market continued its downward trend, marking the third consecutive session of declines due to weak global indicators and rising concerns regarding foreign fund outflows. The S&P BSE Sensex declined by 636.24 points, or 0.78 percent, to close at 80,737.51, while the Nifty 50 index fell 174.10 points, or 0.70 percent, finishing at 24,542.50. ## Market Overview
The broader market demonstrated mixed results. The Nifty Midcap 100 index dipped by 0.45 percent to settle at 57,517, whereas the Nifty Smallcap 100 reported a slight increase of 0.10 percent, closing at 18,114. This indicates that despite the overall market weakness, some selective buying activity occurred within the small-cap sector.
Among sector indices, the Nifty Realty index stood out as the top performer, with a gain of 0.84 percent for the second day in a row amidst anticipation of a potential rate cut. Conversely, sectors such as Information Technology (IT), Public Sector Undertakings (PSUs), Financial Services, Fast-Moving Consumer Goods (FMCG), and Energy experienced selling pressure, contributing to the market’s negative sentiment.
Investor caution persists, driven by global uncertainties including U.S. trade tariffs and geopolitical tensions. Nevertheless, the resilience in certain small-cap stocks suggests investors may be exploring specific opportunities even as the broader market faces challenges.
Key Stocks in Focus
As investors keep a close eye on the market, here are six stocks to watch:
1. Zydus Lifesciences Ltd
Zydus Lifesciences made headlines with its subsidiary, Zydus Pharmaceuticals USA, announcing the acquisition of two biologics manufacturing facilities in California from Agenus, valued at up to USD 125 million. This strategic move signals Zydus’s entry into the global biologics Contract Development and Manufacturing Organization (CDMO) space, enhancing its manufacturing capabilities. The company’s shares closed at Rs.925.25, reflecting a minor decline of 0.30 percent from the previous trading day.
2. Techno Electric & Engineering Company Ltd
Techno Electric & Engineering Company saw a rise of 1.6 percent in its shares, closing at Rs.1,465.00. The company has been selected by RailTel Corporation to serve as its Managed Service Data Centre Partner, aiming to establish a 10MW data center in Noida under a phased approach. This project follows a revenue-sharing model and is contingent upon conditions outlined in the Letter of Intent.
3. Urban Enviro Waste Management Ltd
Urban Enviro Waste Management saw its shares drop by 5 percent, closing at Rs.147.15. The company recently secured a work order valued at Rs.10.35 crores to develop a solid waste processing plant for Savarkundla Nagarpalika. This initiative, part of the government’s Swachh Bharat Mission, will be conducted over a seven-year period based on a Design, Build, Operate, and Transfer framework.
4. Solarium Green Energy Ltd
Solarium Green Energy shares closed at Rs.376.00, down by 1.89 percent. The company has established a partnership with WattPower to enhance the distribution of solar inverters across Madhya Pradesh and Maharashtra, aiming to promote solar energy utilization and supply reliable clean energy to both urban and rural sectors.
5. NLC India Ltd
NLC India announced the formation of a joint venture, NIRL Rajasthan Renewables Limited, in collaboration with Rajasthan Rajya Vidyut Utpadan Nigam Limited. The joint venture, with equity shares distributed in a 74:26 ratio, was incorporated on June 2, 2025, to focus on green energy initiatives. The company’s shares closed at Rs.232.78, reflecting a decrease of 2.83 percent from the prior close.
6. Trom Industries Ltd
Trom Industries, which specializes in solar technology, received a domestic order from Hermes Technologies Private Limited for a 1 MW grid-connected ground-mounted solar photovoltaic plant. The order, valued at Rs.3.36 crores, includes installation and testing services and is set to be completed within the current year. The company’s shares closed at Rs.116.20, down 17.03 percent from the previous day.
Conclusion
As the Indian markets navigate through uncertain waters, investors are advised to keep a vigilant eye on these notable stocks. The mixed sentiments in the market could provide selective investment opportunities, particularly in sectors demonstrating resilience. As always, potential investors should conduct their due diligence and consult with financial advisors before making any investment decisions.
Disclaimer: The views and investment tips expressed are those of the authors and do not necessarily reflect the views of Smart Money Mindset or its management. Investing in equities involves risks, and investors should exercise caution.
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