Top Stocks in Focus on July 2, 2025: HDB Financial, Asian Paints, Lupin, Sambhv Steel, Hyundai, and More
On Wednesday, July 2, 2025, several prominent stocks will be in the spotlight as Indian benchmark indices settled modestly higher amid investor attention on the India-US trade deal and Q1 earnings from major corporations. The BSE Sensex closed up by 90.83 points (0.11%) at 83,697.29, while the NSE Nifty50 gained 24.75 points (0.10%) to end at 25,541.80 on Tuesday. Ahead of the market’s opening, here is a detailed overview of key stocks likely to attract investor interest.
HDB Financial Services: A Much-Awaited Market Debut
HDB Financial Services, an NBFC backed by HDFC Bank, is primed to make its debut on Dalal Street today. The company raised Rs 12,500 crore through its initial public offering (IPO) held from June 25 to 27, pricing shares at Rs 740 each. The IPO was subscribed 16.7 times overall, reflecting strong investor confidence. Market watchers will keep a close eye on how the stock performs during its public listing.
Sambhv Steel Tubes: New Listing Amid High Demand
Sambhv Steel Tubes, a manufacturer of metal pipes and tubes, will also be listed on stock exchanges today. The company raised Rs 540 crore in its IPO priced at Rs 82 per share during the same timeframe as HDB Financial. Impressively, the issue was oversubscribed 28.46 times, signalling robust investor appetite for the new entrant.
Asian Paints: Under Regulatory Scanner
The paint sector giant Asian Paints has come under scrutiny by the Competition Commission of India (CCI). The CCI’s Director General has been ordered to investigate alleged abuse of market dominance by Asian Paints, following a complaint from Grasim Industries, which entered the paint market with Birla Opus Paints. The probe order was officially issued on July 1 and could have implications on Asian Paints’ market conduct.
Hyundai Motor India: Sales Dip in June
Hyundai Motor India, which recently got listed as well, reported a 6% year-on-year decline in total vehicle sales for June 2025. The automaker sold 60,924 units compared to 64,803 units in June 2024. Domestic dispatches fell 12% to 44,024 units versus 50,103 units in the corresponding month last year, indicating some headwinds in the domestic automotive market.
Lupin: USFDA Nod Boosts Prospects
Pharma company Lupin has received approval from the US Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Loteprednol Etabonate Ophthalmic Gel. Lupin is the exclusive first-to-file and will enjoy 180 days of generic drug exclusivity. The product is a corticosteroid used for treating post-surgical inflammation and pain in ophthalmic procedures, enhancing Lupin’s portfolio in the regulated US market.
RITES: Orders from Africa and Infrastructure Wins
RITES, the Indian railways’ engineering and consultancy company, secured a $3.6 million order from African Rail Company for supplying two fully overhauled ALCO locomotives to be deployed in Zimbabwe, Mozambique, and Botswana. Additionally, the RITES-Aryan joint venture received a letter of acceptance for the Tumakuru Station redevelopment project worth Rs 37.81 crore, underscoring the firm’s growing international and domestic infrastructure footprint.
JSW Energy: Advances in Battery Storage
JSW Energy’s subsidiary JSW Renew Energy Thirty Seven inked a 12-year Battery Energy Storage Purchase Agreement (BESPA) with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) for a 250 MW/500 MWh standalone Battery Energy Storage System. The agreement carries a tariff of Rs 2,24,000 per MW per month, highlighting JSW’s push into renewable energy storage solutions.
Paras Defence and Space Technologies: Expanding Overseas Orders
Paras Defence’s subsidiary, Paras Anti Drone Technologies, announced a significant order from France-based CERBAIR for up to 30 units of its CHIMERA 200 system. This advanced man-portable device detects and neutralizes radio frequency drones and the deal is valued at approximately Rs 22 crore, strengthening Paras Defence’s position in the global counter-UAV market.
Other Notable Corporate Updates:
- SBI Cards and Payment Services received a GST show cause notice proposing a denial of input tax credit of Rs 81.45 crore citing mismatches in tax filings.
- V-Mart Retail reported a healthy 12.6% year-on-year revenue increase to Rs 885 crore in Q1 FY26.
- Nazara Technologies’ subsidiary Nodwin Gaming completed acquisition of 92.3% stake in AFK Gaming, making it a fully owned subsidiary.
- MOIL announced a 2% price hike on all ferro and chemical grades of manganese ore effective July 1.
- Piccadily Agro Industries’ equity shares will begin trading on NSE from today. The firm is known for its Indri Single Malt Whisky.
- Exicom Tele-Systems approved a rights issue to raise Rs 259.41 crore, with 3 rights shares issued for every 20 shares held, set for July 15-30 subscription window.
Investors are advised to monitor these stocks closely as they embark on new listings, regulatory developments, and business expansions. As always, consultation with a qualified financial advisor is recommended before making any investment decisions.
Disclaimer: The information provided above is for informational purposes only and should not be construed as investment advice.
— Written by Pawan Kumar Nahar for Smart Money Mindset
Published: July 2, 2025, 8:05 AM IST