Market Movers: Keep a Close Watch on These Stocks in This Week (June 02-06)

On May 30, the Nifty 50 closed with a drop of 83 points at 24,750.70, while the Sensex fell by 182 points to end at 81,451.01. Some of the reasons for the decline include investor concerns over uncertainty surrounding Trump’s tariff policy and the temporary allowance of Liberation Day tariffs by the US trade court. In terms of monthly performance, the Nifty gained 2% in May, marking its third consecutive monthly rise. Amidst all this, here are a few stocks you may consider trading this week.

7 Stocks to Watch This Week

Here are the seven stocks whose performance on the price chart is worth tracking:

Data Patterns (India) Ltd. (NSE: DATAPATTNS)

Data Pattern’s share price surged by 27.6% in a month. The company provides integrated aerospace and defence electronic technologies to the indigenous domestic product sector. Recently, the company posted its fourth-quarter results for the financial year 2024-25, revealing a net profit of ₹396.2 crores, marking a 117.4% year-over-year increase.

With the defence sector under the spotlight due to cross-border tensions, Data Pattern is expected to perform well in the near term.

Key details of Data Patterns Ltd. stocks:

Garden Reach Shipbuilders and Engineers (NSE: GRSE)

Garden Reach Shipbuilders and Engineers is a shipbuilding company that serves the Indian Coast Guard and Indian Navy. The company achieved a remarkable 64.8% return in just one month, attributed to heightened tensions between India and Pakistan. Recently, GRSE emerged as the lowest bidder for constructing next-generation corvettes for the Indian Navy, a project valued at ₹25,000 crores.

Financially, the company performed impressively, reporting a net profit of ₹1,642.03 crore in the fourth quarter of the fiscal year 2024-25, representing a significant 61.7% year-over-year increase.

Key details of Garden Reach Shipbuilders and Engineers Ltd. stocks

Hitachi Energy India Ltd. (POWERINDIA)

Hitachi Energy India delivered 30.48% returns in a year. The company recently declared a profit of ₹183.89 crores in the fourth quarter of the financial year 2024–25, marking a 61.79% increase compared to the same quarter of the previous financial year. Sales during the same period rose by 10.89%, reaching ₹1,840.45 crores. Beyond financials, the company has recently secured a project from Adani Energy Solutions, where it will be responsible for designing and delivering high-voltage direct current (HVDC) terminals.

With heat waves expected to intensify in the coming days, the demand for Hitachi products is likely to surge. Key details of Hitachi Energy India Ltd. stocks:

Authum Investment and Infrastructure Ltd. (NSE: AIIL)

Authum Investment and Infrastructure has delivered a 29.7% return over 30 days. The company recently announced its results for quarter four of the financial year 2024-25, reporting a profit of ₹1762.59 crores, a 14.7% increase from the same quarter of the preceding financial year.

Apart from its financial achievements, the company acquired a 42.3% stake in Prataap Snacks a few months ago. AIIL has also acquired 11.25 crore equity shares of NITCO. Both these acquisitions have the potential to benefit the company in the long run. 

Key details of Authum Investment and Infrastructure Ltd. stocks:

Welspun Corp Ltd. (NSE: WELCORP)

Welspun Corp delivered a 4.59% return in 30 days. The company operates in the steel and plastic product manufacturing sectors. Its product range includes hot rolled steel plates, welded pipes, coils, ductile iron pipes, tubes, bars, and TMT rebars. In terms of financials, for the fourth quarter of the financial year 2024-25, the company reported ₹698 crore, representing a 160% year-over-year growth.

Recently, the company secured an export order worth ₹1,950 crores for supplying coated LSAW pipes. The company’s current order book stands at approximately ₹19,300 crores.

Key details of Welspun Corp Ltd. stocks:

Eris Lifesciences Ltd. (NSE: ERIS)

ERIS Lifesciences achieved a 7.52% return in just one month. Specialising in the manufacture and marketing of pharmaceutical products, the company serves patients requiring treatments for cardiac, gastrointestinal, vital nutrients, and gynaecological conditions. In the recent quarter-four declaration for the financial year 2024-25, the company reported a net profit of ₹128.87 crore, up 67.9% year-over-year. The company has recently availed a credit facility of ₹1,000 crores for expansion.

Key details of ERIS Lifesciences stocks:

BASF India Ltd. (NSE: BASF)

In the span of a month, BASF India Ltd. has delivered a return of 17.99%. Recently, the company reported a net profit of ₹27.01 crore, representing an 83.27% decline compared to ₹161.43 crore in the same quarter of the previous financial year. The sales figure for the corresponding period also decreased by 14.95% to ₹479.06 crores.

Despite these less-than-impressive financials, the company has acquired a 100% stake in BASF Agricultural Solutions India, which could benefit the company in the long run.

Key details of BASF India Ltd. stocks:

Conclusion

Investing or trading in stocks does not guarantee returns, as it involves market risks. You should review the company’s fundamentals, including earnings and debt, as well as market conditions and economic factors that influence stock prices. Ensure that your strategies involve thorough research, diversification, and a long-term perspective, aligning investments with financial goals.

Strictly avoid speculative trading based on rumours, emotional decisions driven by market volatility, and high-frequency trading without a solid plan.

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