Rajesh Exports Slides 5% After SEBI Imposes Ban, Agarwal Industrial Soars 20% on Order Win

Market Activity Driven by Corporate Developments and Earnings Announcements

On June 4, several stocks remained in focus as corporate developments, earnings announcements, and regulatory triggers continued to drive market activity.

Angel One Sees Mixed Operating Metrics in May 2026 Shares of Angel One gained 1 percent after the company reported mixed operating metrics for May 2026. Gross client acquisition stood at 0.42 million, down 9.7 percent month-on-month and 16.7 percent year-on-year. However, its total client base expanded to 38.17 million, up 1 percent sequentially and 19.5 percent from a year ago, reflecting continued growth in its customer franchise.

Indian Energy Exchange Reports Strong Growth in Electricity Trading Volumes Indian Energy Exchange (IEX) shares rose 2 percent after the company reported strong growth in electricity trading volumes. Total electricity traded volume increased 18.6 percent year-on-year to 12,983 million units (MU). The Day-Ahead Market (DAM) volume grew 24.9 percent to 4,417 MU, while Real-Time Market (RTM) volume surged 15.9 percent to 5,529 MU during the month.

Read also: Auditors of Rajesh Exports Criticised for Overlooking Discrepancies in Financial Reporting

Agarwal Industrial Corporation Secures Major Order Shares of Agarwal Industrial Corporation jumped 20 percent after the company secured an order worth Rs 477.5 crore from Hindustan Petroleum Corporation Ltd (HPCL) for the supply of bulk bitumen. The contract covers the supply of 1,30,000 metric tonnes of bulk bitumen to HPCL's Mumbai and Mangalore locations.

Rajesh Exports Faces Regulatory Challenges Rajesh Exports shares fell 5 percent after the Securities and Exchange Board of India (SEBI) issued an interim ex-parte order against the company and its Chairman and Managing Director, Rajesh Mehta. The regulator cited prima facie findings related to alleged financial misrepresentation, fund-routing irregularities, and non-cooperation during an ongoing investigation.

JBM Auto Sees Robust Growth in North American Class 8 Truck Orders Meanwhile, JBM Auto shares advanced 6 percent after North American Class 8 truck orders posted robust growth in May 2026. Orders rose 124 percent year-on-year and 4 percent month-on-month to 26,600 units, compared with 11,868 units in May 2025 and 25,565 units in April 2026, indicating improving demand in the heavy-duty commercial vehicle segment.

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Market participants said that news flow remains a key driver in the current market environment, with investors closely monitoring corporate announcements and sector-specific developments. As the earnings season progresses, company-specific updates are expected to continue driving stock-specific volatility.