Automobile stocks, including Tata Motors, Maruti Suzuki, Hyundai Motor India, Ashok Leyland, Eicher Motors, Mahindra & Mahindra, Escorts, TVS Motor Company, Bajaj Auto, Hero Moto Corp, Ather Energy, and Ola Electric, are expected to be in the spotlight as they begin releasing sales figures for May. Analysts monitoring the Vahan registration portal anticipate strong sales for these automobile companies.
Textile and apparel stocks such as Vardhman Textiles, Arvind Ltd, Ambika Cotton Mills, KPR Mills, Page Industries, Indo Count Industries, and Kiltex Garments are also drawing attention. The Ministry of Finance announced the suspension of the 11% import duty on cotton from June 1 to October 31, providing significant relief to the textile sector.
In related developments, the Central government has adjusted export levies on petrol, diesel, and aviation turbine fuel (ATF) effective June 1. The new duties are ₹1.5 per litre for petrol, ₹13.5 per litre for diesel, and ₹9.5 per litre for ATF. Previously, a special additional excise duty of ₹3 per litre on petrol was imposed on May 16, while the export duty for diesel and ATF has been reduced from ₹16.5 and ₹16 per litre, respectively. Key players affected by these changes include Reliance Industries, ONGC, Chennai Petroleum Corporation, MRPL, and Indian Oil.
Pharmaceutical company Lupin Limited has received approval from the United States Food and Drug Administration (FDA) for its Abbreviated New Drug Application for sodium sulfate, magnesium sulfate, and potassium chloride tablets (1.479 g/0.225 g/0.188 g). These tablets, associated with the reference listed drug Sutab, have an estimated annual sales potential of USD 132.8 million in the US market, according to IQVIA data for March 2026.
Wockhardt has secured FDA approval for Zaynich (cefepime and zidebactam), aimed at treating complicated urinary tract infections, achieving an efficacy rate of 89% against 68.4% for meropenem in Phase 3 trials. This marks a milestone as it is the first New Chemical Entity fully developed by an Indian pharmaceutical firm to gain FDA approval.
In a strategic partnership, AWL Agri Business Ltd, one of India’s largest Food FMCG companies, has partnered with Shree Renuka Sugars Ltd to enhance market reach and accelerate growth in the packaged foods sector. Under this arrangement, Renuka will license its flagship “Madhur” brand to AWL, which will handle sales, marketing, and distribution of refined sugar under the Madhur label.
Cyient has announced a definitive agreement to acquire Tao Digital Solutions Inc., an AI-native data and product engineering firm based in Santa Clara, California, for an enterprise value of $218 million. The completion of this transaction is anticipated by the second quarter of fiscal year 2027.
In terms of major contracts, NCC Ltd reported orders worth ₹1,837.01 crore (excluding GST) in May, with ₹1,289.17 crore dedicated to the Water Division, ₹261.42 crore to the Buildings Division, and ₹286.42 crore to the Electrical Division. PNC Infratech Ltd has secured the L1 bid for a ₹302.4 crore project for Pantnagar Airport from the Airports Authority of India, covering city-side and airside development.
Refex Industries has won a ₹36.91 crore order for excavation, loading, and transportation of pond ash, while Siyaram Recycling Industries Ltd received an order valued at ₹1.97 crore from Anurag Impex for brass scrap honey. Additionally, Solar Industries India Ltd and its subsidiary have secured export orders totaling ₹1,076 crore for Defence Products, to be delivered over three years.
Sai Parenterals Ltd has received a purchase order from PILL CORP in Bulacan, Philippines, valued at $11 million (approximately ₹104.50 crore). Jindal Steel Ltd has awarded a Letter of Intent for the design and installation of an advanced Yard Safety Management & Automation System worth ₹15.90 crore (excluding GST). Chittaranjan Locomotive Works has also issued a Letter of Acceptance to HBL Engineering Limited for the supply and installation of On-board KAVACH Loco equipment, valued at ₹1,714 crore (excluding 18% GST).
Published on June 1, 2026.
