Top Stocks to Watch Today, 5th June 2025 – NTPC Green Energy, Newgen Software, Market Movers

The Indian stock market continued to show a cautious yet positive trend on June 5, 2025, with the Nifty 50 index sustaining levels above the crucial 24,500 support zone. Although the index closed near 24,600, a decisive breakout above the 25,000 mark is essential to trigger the next phase of upward momentum. Conversely, failure to hold 24,500 may signal a weakening trend, with the 200-period Moving Average at 24,050 acting as the next key support.

📊 Market Highlights

• Immediate support: 24,500
• Immediate resistance: 24,800
• Major resistance zone: 25,000
• Major support level: 24,050 (200-period MA)

📈 Midcap & Smallcap Strength

Broader markets outperformed once again:

• Nifty Midcap 100 Index gained 0.71%
• Nifty Smallcap 100 Index rose 0.79%
• Market breadth remained positive for the third consecutive day, with a BSE advance-decline ratio of 1.10, indicating more gainers than losers.

🏦 Bank Nifty Outlook

The Bank Nifty index continued to trade in a tight consolidation range. A breakout above 55,800 is needed to confirm a positive trend shift, while holding above 54,500 remains key for a bullish bias. The index is expected to stay between 55,300 and 56,200 for the day.

📌 Stocks to Watch Today – June 5, 2025

1. NTPC Green Energy

NTPC’s wholly-owned subsidiary signed a Power Purchase Agreement (PPA) for 1,000 MW at a competitive tariff of ₹2.56/unit. This follows its win in the UPPCL solar PV auction earlier this year, reflecting strong growth in its renewable energy portfolio.

2. Newgen Software Technologies

Newgen secured a significant $2.5 million overseas digital transformation order, covering both software delivery and installation for various business verticals — a strong boost to its global expansion plans.

3. Diamond Power Infrastructure & Indosolar

• Diamond Power Infrastructure: Promoters Monarch Infraparks and GSEC will offload up to 5.98% stake via OFS on June 5–6. The base offer is 3.99% at a floor price of ₹95/share.
• Indosolar: Promoter Waaree Energies will offload up to 1.15% stake at a floor price of ₹10/share.

4. Gland Pharma

Gland Pharma’s subsidiary Cenexi received a final report from France’s ANSM with 11 observations for its Fontenay facility. A Corrective and Preventive Action Plan (CAPA) has been accepted, ensuring no production disruptions.

5. Hindustan Aeronautics Ltd (HAL)

HAL refuted recent rumors claiming stalled talks with General Electric (GE) over the production of GE414 engines for LCA MK2. The company confirmed that discussions with GE are progressing as planned and denied any alternative supplier negotiations.

6. Force Motors

Force Motors reported strong May 2025 sales:

• Total vehicles sold: 3,088 units (+19.1% YoY)
• Domestic sales: 3,002 units (+24.46% YoY)
• Exports: 86 units (-52.22% YoY)