Stocks To Watch On June 4: BHEL, Rajesh Exports, JBM Auto, IEX, Lenskart Among Key Movers

On June 4, investors are expected to be closely tracking developments across capital goods, automobiles, pharma, energy and financial services as a slew of company-specific announcements, business updates and bulk deals are expected to drive stock specific action.

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BHEL Secures Nigeria Contract

Bharat Heavy Electricals Ltd (BHEL) has won an overseas contract valued between ₹2,000 crore and ₹2,500 crore from Dangote Petroleum Refinery & Petrochemicals Free Zone, Nigeria.

The project involves the design, manufacturing, supply, erection supervision and commissioning of eight gas turbine generators for a petroleum refinery and polypropylene facility located within the Dangote Industries Free Zone.

Agarwal Industrial Bags HPCL Order

Agarwal Industrial Corporation secured an order worth ₹477.5 crore from Hindustan Petroleum Corporation Ltd (HPCL). The contract covers the supply of 1.3 lakh metric tonnes of bulk bitumen for HPCL’s facilities in Mumbai and Mangalore.

Hero MotoCorp Launches Flex-Fuel Motorcycles

Hero MotoCorp introduced its first flex-fuel motorcycles, Splendor+ and HF Deluxe. The launch marks the entry of flex-fuel technology into India’s 100cc motorcycle segment and aligns with the country’s broader push toward alternative fuel mobility solutions.

JBM Auto Expands Leadership In Electric Buses

JBM Auto retained its lead in the electric bus segment during May 2026. The launch marks the entry of flex-fuel tech in India’s 100cc motorcycle space and is in line with the country’s larger shift to alternate fuel mobility solutions.

Aurobindo Pharma Opens Biologics Manufacturing Facility

Aurobindo Pharma inaugurated TheraNym, a biologics contract manufacturing facility. The company said the unit is among the largest dedicated biologics manufacturing organisations in India and will support supply requirements for MSD in both domestic and international markets.

Rajesh Exports Faces SEBI Action

Rajesh Exports and its Chairman and Managing Director Rajesh Mehta came under regulatory scrutiny after the Securities and Exchange Board of India (SEBI) issued an interim ex-parte order.

SEBI cited preliminary findings related to alleged financial misrepresentation, fund-routing irregularities and non-cooperation during an ongoing investigation. The regulator alleged that consolidated revenues worth nearly ₹15.15 lakh crore were misrepresented between FY21 and FY25. It has also ordered a fresh forensic audit and restricted Rajesh Mehta from dealing in the company’s securities until further directions.

Indian Energy Exchange Reports Higher Volumes

Indian Energy Exchange (IEX) reported strong operational performance for May.

Electricity traded volume rose 18.6% year-on-year to 12,983 million units (MU). Day-ahead market volume increased 24.9% to 4,417 MU, while real-time market volume climbed 15.9% to 5,529 MU.

Bulk Deal Activity Remains Active

Lenskart Solutions witnessed a major stake sale as SoftBank-backed SVF II Lightbulb (Cayman) offloaded a 3.25% stake through a block deal worth ₹2,873.3 crore. The transaction was executed at ₹508.55 per share and attracted participation from several global and domestic institutional investors.

In another large transaction, GQG Partners Emerging Markets Equity Fund sold a 1.84% stake in GMR Airports for ₹1,906.12 crore. Fidelity International Small Cap Fund acquired the stake at ₹97.75 per share.

Investors will also track developments in Indiabulls, Central Bank of India, Jain Irrigation Systems and LTM, while Amber Enterprises India and Kaynes Technology India remain under the futures and options ban list for the trading session.