PNC Infratech

Stock market today: The market is likely to continue its losing streak as trends in the Gift Nifty index signalled a negative opening on Tuesday. Amid this backdrop, these stocks will remain in focus on 2 June.

Domestic brokerage firms are optimistic about PNC Infratech's recovery, projecting a stock rise to ₹ 315 with a 46% upside. Strong order book and new business segments are seen as growth drivers, while cash inflows strengthen its position for future projects.

PNC Infratech share price gained 20% in one month, but fell 11% on a year-to-date (YTD) basis. The smallcap stock has declined 20% in one year, and has dropped 48% over the past two years.

Completes takeover of nine PNC Infratech HAM projects; open to BOT bids, IPO on the cards.

The bankrupt Jaiprakash Associates, once a prominent infrastructure and real estate developer, is estimated to owe ₹ 55,371 crore. The five bidders in the fray include billionaires Anil Agarwal’s Vedanta Ltd, Gautam Adani's Adani Enterprises, and Naveen Jindal's Jindal Power Ltd.

Here’s a quick look at stocks likely to be in focus in today's trade.

Here’s a quick look at stocks likely to be in focus in today's trade.

Indian stock markets remained subdued due to concerns over Federal Reserve Chair Jerome Powell's future and Tech Mahindra's revenue shortfall. The Nifty 50 and BSE Sensex were flat, while investor sentiment was influenced by potential changes in U.S. monetary policy and trade agreements with India.