Stocks to Watch Today 2 June 2026: Ankit Jaiswal of Univest Suggests Tech Mahindra, Bharti Airtel and Persistent Systems
- June 2, 2026
- Posted by: Ankit Jaiswal
- Category: Market
The stocks to watch today on 2 June 2026 are drawn from the June 1, 2026 closing session that delivered a strongly bifurcated market: the Nifty IT index surged over 3% to 29,960.05 as the only sectoral outperformer, while the Nifty 50 closed broadly flat at 23,557.05 and Sensex finished marginally higher at 75,315.04. Ankit Jaiswal, Senior Research Analyst at Univest, has identified three stocks to watch today based on their June 1 closing prices, technical momentum, and fundamental catalysts heading into the June 2 trading session.
Ankit Jaiswal notes that the primary driver for stocks to watch today from the IT space is the overnight US software earnings catalyst: Salesforce delivered Q1 FY27 revenue of $11.13 billion (+13% YoY) with adjusted EPS beating estimates by 50%, while Snowflake’s product revenue surged 34% YoY with the stock jumping 37% in after-hours trading. These results confirm enterprise technology spending remains robust, benefiting Indian IT companies with strong US client bases. Alongside the IT picks, Ankit Jaiswal flags Bharti Airtel’s resilience and structural re-rating story as a non-IT stock to watch today ahead of the RBI policy decision.
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Market Overview: Context for Stocks to Watch Today
| Index | June 1 Close | Change | Implication for Today |
|---|---|---|---|
| Nifty 50 | 23,557.05 | +0.04% | Flat close; support at 23,250; range-bound expected |
| BSE Sensex | 75,315.04 | +0.10% | Marginal gain; IT-led support |
| Nifty IT | 29,960.05 | +3.03% | Breakout; sustain above 29,650 for 31,280 target |
| Nifty Bank | 54,051.85 | -0.35% | Mild weakness; watch 53,500 support |
| Nifty Auto | 26,187.95 | -0.57% | Monsoon concern and crude pressure |
| FII (May 29) | Net sold Rs 21,105 Cr | Sellers | DII bought Rs 16,764 Cr; offsetting |
| Brent Crude | ~$93 per barrel | Elevated | US-Iran MoU unconfirmed; key macro risk |
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Stocks to Watch Today 1: Tech Mahindra (NSE: TECHM)
June 1 Close: Rs 1,478 | June 1 Gain: +4.39% (Top Sensex Gainer) | 52W High: Rs 1,750 | 52W Low: Rs 1,150 | Market Cap: ~Rs 1.44 lakh Cr | Analyst Target: Rs 1,750 (Nuvama)
Tech Mahindra is the top stocks to watch today pick after being the biggest Sensex gainer on June 1, 2026, with a 4.39% rally to close at Rs 1,478. Ankit Jaiswal flags that Tech Mahindra’s surge was driven by the Salesforce-Snowflake US earnings catalyst confirming enterprise AI spending, the company’s own AI service expansion through its Mistral AI partnership, and the broader IT sector recovery. The Rs 1,478 close puts Tech Mahindra back above its 50-day moving average, a technically significant level that could attract further institutional buying in today’s session.
Ankit Jaiswal observes that among large-cap IT stocks to watch today, Tech Mahindra has the highest earnings recovery potential as it executes its margin improvement plan under the revamped management team. Nuvama’s target of Rs 1,750 implies approximately 18% upside from the June 1 close. Key support is at Rs 1,420 and resistance at Rs 1,560. A sustained trade above Rs 1,500 in today’s session would be a bullish signal for the stock.
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Stocks to Watch Today 2: Bharti Airtel (NSE: BHARTIARTL)
June 1 Close: Rs 1,829 | June 1 Gain: +1.76% (Sensex Top 3 Gainer) | 52W High: Rs 2,095 | 52W Low: Rs 1,505 | Market Cap: ~Rs 10.9 lakh Cr | Analyst Target: Rs 2,450 (ICICI Direct)
Bharti Airtel is among the most important non-IT stocks to watch today after closing at Rs 1,829 on June 1, 2026, gaining 1.76% as the third-biggest Sensex gainer in a session where most other non-IT stocks were flat or negative. Ankit Jaiswal highlights that the RBI monetary policy committee meeting scheduled this week is a direct catalyst for Bharti Airtel, as a 25-50 basis point rate cut would reduce financing costs on the company’s significant 5G spectrum debt and capital investment programme. ARPU growth to approximately Rs 245 per user, expanding Airtel Business enterprise segment, and the ongoing Africa mobile revenue ramp make Bharti Airtel a structural compounder in the stocks to watch today universe.
Ankit Jaiswal observes that ICICI Direct’s target of Rs 2,450 implies over 33% upside from the June 1 close of Rs 1,829. Bharti Airtel has held above its 200-day moving average through the broader market weakness of recent sessions, a sign of institutional support. Today’s session could see Airtel continue its outperformance relative to the broader market given its defensive telecom revenue characteristics and structural re-rating story.
Stocks to Watch Today 3: Persistent Systems (NSE: PERSISTENT)
June 1 Close: Rs 5,194.30 | June 1 Gain: +3% | 52W High: Rs 6,789 | 52W Low: Rs 3,500 | Market Cap: ~Rs 79,800 Cr | Analyst Target: Rs 6,100 (Nuvama)
Persistent Systems is among the highest-conviction stocks to watch today within the Nifty IT universe, closing at Rs 5,194.30 on June 1 with a 3% gain. Ankit Jaiswal notes that Persistent Systems has the deepest exposure to the AI-native software product engineering market, with significant revenue tied to implementing and managing Salesforce and Snowflake platform deployments for global enterprise clients. The Snowflake Q1 FY27 blowout, where product revenue grew 34% YoY and net revenue retention reached 126%, is a direct demand signal for the kind of services Persistent Systems specialises in.
Ankit Jaiswal observes that Persistent Systems’ financial quality stands out among stocks to watch today: zero debt-to-equity ratio, strong 3-year PAT CAGR, and improving revenue visibility from multi-year AI services contracts. Nuvama’s Rs 6,100 target implies approximately 17% upside from the June 1 close. Today’s session will be important to monitor whether the stock sustains above the Rs 5,200 support level and builds toward the Rs 5,600 resistance zone.
Conclusion
The stocks to watch today on 2 June 2026 identified by Ankit Jaiswal of Univest are Tech Mahindra (Rs 1,478 June 1 close), Bharti Airtel (Rs 1,829), and Persistent Systems (Rs 5,194), selected from the June 1, 2026 closing session data. These stocks to watch today represent two distinct themes: IT sector recovery driven by US enterprise software earnings beats, and a structural telecom compounder with a significant analyst upside target. Ankit Jaiswal notes that investors tracking these stocks to watch today should monitor crude oil prices, US-Iran ceasefire developments, and the RBI policy outcome as the key macro catalysts shaping today’s session. This does not constitute investment advice.
Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice.
Frequently Asked Questions on Stocks to Watch Today 2 June 2026
What are the stocks to watch today on 2 June 2026?
Ans. The stocks to watch today on 2 June 2026 as suggested by Ankit Jaiswal, Senior Research Analyst at Univest, are Tech Mahindra, Bharti Airtel, and Persistent Systems. These are identified based on their June 1, 2026 closing prices, technical setups, and upcoming catalysts. Ankit Jaiswal notes that IT sector momentum driven by US software earnings and Bharti Airtel’s structural telecom story make these stocks worth watching closely in today’s session on June 2, 2026.
Why is Tech Mahindra among the stocks to watch today?
Ans. Tech Mahindra is among the today’s watchlist because it closed at Rs 1,478 on June 1, 2026, gaining over 4% on the back of strong US software earnings from Salesforce (Q1 FY27 revenue +13%, EPS +50%) and Snowflake (product revenue +34%, stock +37% after hours). Ankit Jaiswal observes that Tech Mahindra’s AI service capabilities through its partnership with Mistral, expanding enterprise deals, and improving margin trajectory under new management make it a compelling stock to watch today. The Rs 1,480 level is key near-term support, with resistance at Rs 1,560.
Why is Bharti Airtel on the stocks to watch today list?
Ans. Bharti Airtel closed at Rs 1,829 on June 1, 2026, gaining 1.76% in a session where the Nifty 50 was broadly flat. Ankit Jaiswal flags the RBI monetary policy committee meeting scheduled this week as a key catalyst for Bharti Airtel, as a potential rate cut reduces borrowing costs for the capital-intensive 5G rollout programme. The stock has an ICICI Direct target of Rs 2,450, implying over 33% upside from the June 1 close. ARPU of approximately Rs 245 per user, growing enterprise connectivity through Airtel Business, and Africa mobile momentum are the fundamental pillars that make Bharti Airtel a today’s focus candidate.
What is the investment case for Persistent Systems as a stock to watch today?
Ans. Persistent Systems closed at Rs 5,194.30 on June 1, 2026, reflecting the broader IT sector rally driven by US software earnings. Ankit Jaiswal notes that Persistent Systems has zero debt, a strong AI services pipeline directly tied to Salesforce and Snowflake platform demand, and Nuvama’s Buy rating with a target of Rs 6,100. The company’s exposure to the fastest-growing segment of global IT spending, namely AI-native software product engineering, positions it as one of the highest-quality these picks within the IT mid-tier space.
What is the broader market context for stocks to watch today on June 2?
Ans. The market context for today’s selections on June 2, 2026 reflects an ongoing bifurcation. On June 1, Nifty 50 closed broadly flat at 23,557.05 while the Nifty IT index surged over 3% to 29,960.05, with TechM +4.39%, Infosys +2.15%, and Airtel +1.76% as Sensex top gainers. FII net sold Rs 21,105 crore on May 29. Crude oil remains above $90 per barrel as US-Iran ceasefire remains unconfirmed. The RBI policy meeting this week and the June 1 GST collections data of Rs 1.94 lakh crore are key catalysts for direction.
Are these stocks to watch today suitable for all investors?
Ans. The the watchlist listed in this article are for research and informational purposes only. Ankit Jaiswal’s views are analytical reference points, not direct investment advice. Each investor has a different risk appetite, time horizon, and portfolio composition. Before buying any of the today’s watchlist, always review the company’s latest quarterly results, current valuation, and your own financial plan. Consult a SEBI-registered financial advisor before making any investment decisions. This article does not constitute investment advice.
