Stocks in news: Alkem Labs, Vedanta, Canara Bank, NHPC, Adani Ports

Markets closed higher on weekly expiry day despite volatility, with Nifty showing signs of recovery but facing resistance around 23,800-24,000. Key stocks like Alkem Labs, Vedanta, Canara Bank, NHPC, and Adani Ports are in focus due to significant...

ETtech

In today's trade, shares of Alkem Labs, Vedanta, Canara Bank, NHPC, Adani Ports among others will be in focus due to various news developments.

Markets remained volatile on the weekly expiry day but managed to end in the green amid mixed cues. On the technical front, the Nifty rebounded after retesting its previous swing low around the 23,250 mark, and the closing pattern suggests the possibility of a further recovery. However, analysts say the upside is likely to remain capped by the key resistance zone of 23,800-24,000.

In today's trade, shares of Alkem Labs, Vedanta, Canara Bank, NHPC, Adani Ports among others will be in focus due to various news developments.

Alkem Labs

Shares of Alkem Laboratories witnessed block deals worth about Rs 930 crore on Tuesday, with promoter family entities selling shares to a clutch of domestic mutual funds and foreign institutional investors. According to NSE block deal data, a total of 17.88 lakh shares changed hands at Rs 5,200 apiece. The transaction value works out to about Rs 930 crore.

Vedanta
Mining conglomerate Vedanta on Tuesday said officials from the Enforcement Directorate (ED) visited some of its offices as well as those of its subsidiary, Hindustan Zinc, according to a regulatory filing. The company informed stock exchanges that the ED team had visited certain offices of Vedanta and Hindustan Zinc, but did not disclose the nature of the inquiry or the purpose of the visit.

Canara Bank
State-owned Canara Bank has approved a plan to raise up to Rs 8,500 crore through debt instruments during FY27 as the lender looks to strengthen its capital base and support future business growth. In an exchange filing, the public-sector bank said its board had approved raising up to Rs 4,500 crore through Basel III-compliant Additional Tier I (AT1) bonds and up to Rs 4,000 crore through Basel III-compliant Tier II bonds.
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NHPC
The government’s Offer for Sale (OFS) in National Hydroelectric Power Corporation (NHPC) Limited was oversubscribed 3.47 times on the first day of bidding for non‑retail investors, and it exercised the entire 3% greenshoe option, a regulatory filing said on Tuesday. The total stake on offer was raised to 6 per cent from the original 3%. The sale, launched with a floor price of Rs 71 per share, will allocate shares on a price‑priority basis.

Adani Ports
Adani Ports said it clocked cargo volume of 48.3 MMT in May 2026, registering 16% YoY growth. During the month, the company's handled cargo volume was led by liquids (+33% YoY) and containers (+17% YoY). The YTD till May cargo volumes stood at 91.4 MMT cargo (+15% YoY), led by containers.

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