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JBM Auto Expands Electric Bus Fleet | Hero MotoCorp Launches Flex Fuel Motorcycles | Top Buzzing Stocks Today
Mon, 8 Jun Pre-Open

JBM Auto Expands Electric Bus Fleet | Hero MotoCorp Launches Flex Fuel Motorcycles | Top Buzzing Stocks TodayImage source: smagilov/www.istockphoto.com

Indian benchmark indices traded positive throughout the session and ultimately closed green.

Indian equity benchmarks indices, Sensex and Nifty50 ended lower while traders parsed the outcome of the Monetary Policy Committee (MPC) meeting.

At the closing bell on Friday, the BSE Sensex  closed 117 points lower (down 0.1%)

Meanwhile, the NSE Nifty closed 50 points lower (down 0.2%)

You can also visit our live blog section for real-time updates and deeper insights into the market.

HUL, Axis Bank, Bajaj Finance were the top gainers today.

TCS, Tata Steel, NTPC on the other hand, were among the top losers today.

The BSE 150 Midcap index is trading 0.1% lower and the BSE 250 SmallCap index is trading lower.

Sectoral indices were trading mixed on Friday with metal sector and telecommunication sector witnessed selling pressure. Meanwhile, stocks in realty sector and healthcare sector witnesses buying.

For impact of the Bank Nifty companies and comprehensive overview of the index, check out Equitymaster's Bank Nifty Companies list.

Speaking of stock markets, Richa Agarwal Research Analyst at Equitymaster highlights that AI has emerged as a major risk for legacy IT companies.

This concern is reflected in the sharp correction in the BSE IT, which has declined over 20%.

However, the sell-off may eventually become overdone, creating potential value opportunities in select IT stocks. Watch the video below to know more.

Top buzzing stocks today

Bajaj Electricals share price will be in focus today.

Shares of Bajaj Electricals came into focus after the company announced its entry into the cables category under its lighting solutions segment.

Suzlon share price will be in focus today.

Suzlon Energy is expanding beyond wind power by adding solar and battery storage solutions to its clean energy portfolio. The company aims to help customers build and operate integrated renewable energy projects that can provide reliable electricity around the clock.

CG Power Commissions New EHV Switchgear Facility

CG Power and Industrial Solutions has started commercial production at its new extra high-voltage (EHV) switchgear manufacturing facility, S3 Unit-II, in Nashik, Maharashtra.

The new plant supports the company's existing S3 Unit-I facility in Ambad, Nashik, which makes EHV circuit breakers ranging from 33kV to 800kV.

The facility is part of CG Power's greenfield expansion project, with a planned investment of Rs 748.20 crore to increase its manufacturing capacity in the medium-voltage (MV) and extra high-voltage (EHV) switchgear segments.

Built on nearly 35 acres with a covered area of about 72,000 square metres, the new plant can produce 7,200 EHV circuit breakers annually in the 33kV to 245kV range. It also includes advanced 500kV and 350kV high-voltage testing laboratories.

CG Power's existing S3 Unit-I plant has a yearly production capacity of 9,000 units and is currently operating at around 85% capacity. The company has invested Rs 39.49 crore in the new facility through internal funds.

According to the company, the expansion is aimed at meeting rising demand and easing capacity constraints at its current plant. It is expected to support growth in power transmission, renewable energy, railways, utilities, and export markets.

Juniper Hotels Announces Acquisition-Related Update

Shares of Jupiter Hotels came into focus after the company announced an update on an acquisition.

The company's shares moved higher after it informed stock exchanges that it had signed a Share Purchase Agreement (SPA) with Juniper Hospitality Assets Private Limited (JHAPL) and its existing shareholders on 2 June 2026.

The acquisition is intended to support the development of a five-star hotel on a 2.524-acre land parcel in Sector 23, Dwarka, New Delhi. The company secured the project after emerging as the successful bidder for the licence rights to the land.

Following the completion of the transaction, JHAPL will become a wholly owned subsidiary of the company, as stated in its exchange filing.

Mitsu Chem Plast to Expand Manufacturing Capacity

Mitsu Chem Plast currently has a combined production capacity of more than 29,900 metric tonnes (MT) per year across its manufacturing units at Tarapur and Khalapur. During FY26, the company operated at around 64% capacity utilization.

To support future growth, the company plans to add approximately 2,550 MT per year of additional capacity at its Khalapur facility. The expansion is scheduled to be completed in June 2026 and will increase the company's overall manufacturing capacity beyond its existing 29,900 MT per year.

Mitsu Chem Plast will invest around Rs 3.5 crore in new machinery for the project, funded through internal accruals.

The capacity addition is aimed at supporting business growth, expanding the product portfolio, meeting rising market demand, and enhancing customer service.

To know what's moving the Indian stock markets today, check out the most recent share market updates here

Read the latest Market Commentary


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