Indian Stocks to Watch: BHEL, Agarwal Industrial, JBM Auto, Rajesh Exports, Indian Energy Exchange, Lenskart Solutions in Market Focus on June 4.

Stock Market Update: Key Developments in Indian Market

The Indian stock market is witnessing significant developments, with several companies announcing major deals, orders, and fundraises. Here are the key stocks to watch in today's trade.

Bharat Heavy Electricals

Bharat Heavy Electricals (BHEL) has received a contract worth Rs 2,000–2,500 crore from Dangote Petroleum Refinery & Petrochemicals Free Zone, Nigeria. The contract involves the design, manufacturing, supply, and supervision of the erection and commissioning of eight gas turbine generators for its petroleum refinery and polypropylene plant located in the Dangote Industries Free Zone, Nigeria.

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Agarwal Industrial Corporation

Agarwal Industrial Corporation has secured an order worth Rs 477.5 crore from Hindustan Petroleum Corporation for the supply of bulk bitumen at its Mumbai and Mangalore locations, aggregating 1,30,000 MT.

Jain Irrigation Systems

Jain Irrigation Systems has commissioned a high-tech, industrial-scale biochar facility with an annual capacity of around 20,000 tonnes in Jalgaon, Maharashtra, along with its partners. The facility advances climate-smart agriculture, circular manufacturing, and engineered carbon removal at a commercial scale.

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Hero MotoCorp

Hero MotoCorp has unveiled its first flex-fuel vehicles—the iconic Splendor+ and HF Deluxe. With this launch, India welcomes its first flex-fuel motorcycles in the 100cc segment, marking a defining milestone in the country's transition towards cleaner, self-reliant, and future-ready mobility.

JBM Auto

JBM Auto emerged as the leading player in India's electric bus segment, capturing a 49% market share in May 2026, up from 33% in April. The company recorded 157 electric bus registrations during the month, the highest in the industry.

Steel Strips Wheels

Mohan Joshi retired as the Deputy Managing Director of Steel Strips Wheels, effective June 3.

LTM

LTM launched its new managed Secure Service Edge (SSE) solution in collaboration with Cisco. Built on Cisco Secure Access—Cisco's dedicated SSE solution—the offering is designed for cloud-first and hybrid work environments.

Indiabulls

The Board of Indiabulls has approved raising up to Rs 1,000 crore through the issuance of 51.55 crore warrants, convertible into an equivalent number of fully paid-up equity shares, at an issue price of Rs 19.40 per share.

Aurobindo Pharma

Aurobindo Pharma has inaugurated TheraNym, one of India's largest dedicated biologics contract manufacturing organisations (CMOs). The facility is intended to support MSD's supply chain for both domestic and export markets.

Central Bank Of India

The Board of Central Bank Of India has approved the appointment of Vivek Kumar, General Manager (Finance & Accounts), as the Chief Financial Officer of the bank for a period of three years, effective June 3.

Rajesh Exports

SEBI has passed an interim ex-parte order against Rajesh Exports and its Chairman and Managing Director, Rajesh Mehta, citing prima facie findings of financial misrepresentation, fund-routing irregularities, and non-cooperation during an ongoing investigation. According to the interim order, SEBI alleged that Rajesh Exports misrepresented consolidated revenues aggregating approximately Rs 15.15 lakh crore, representing 99.80% of its total consolidated revenue during the period from FY2020-21 to FY2024-25.

Indian Energy Exchange (May YoY)

Bulk and Block Deals

Lenskart Solutions

SVF II Lightbulb (Cayman), an investment vehicle owned by SoftBank Group, sold 5.65 crore equity shares, representing a 3.25% stake in Lenskart Solutions, for Rs 2,873.3 crore. The transaction was executed at Rs 508.55 per share.

GMR Airports

GQG Partners Emerging Markets Equity Fund sold 19.5 crore equity shares, representing a 1.84% stake in GMR Airports, for Rs 1,906.12 crore. Fidelity Investment Trust, through Fidelity International Small Cap Fund, was the buyer of the 1.84% stake sold by GQG Partners. The transaction was executed at Rs 97.75 per share.

Inventurus Knowledge Solutions

Kedaara Capital Public Markets IFSC Fund I acquired 1.55 lakh shares in Inventurus Knowledge Solutions from Scott Hayworth for Rs 25.31 crore. The transaction was executed at Rs 1,633 per share.

Balu Forge Industries

Minerva Ventures Fund purchased 6.25 lakh shares in Balu Forge Industries for Rs 30.37 crore at Rs 486.04 per share.

Stocks Trade Ex-Dividend

• Trent
• Rallis India

Stocks in F&O Ban

• Amber Enterprises India
• Kaynes Technology India