Stocks to watch on June 4 2026: BHEL, Lenskart, IEX, NBCC

Indian equities are set for a weak start on Thursday, 4 June, with Gift Nifty trading over 170 points below the previous Nifty futures close, as traders track geopolitical risks and stock specific triggers in names such as BHEL, Lenskart, IEX, NBCC and GMR Airports.

The Nifty 50 has already fallen in five of the last six sessions, and Wednesday’s intraday recovery from deeper losses suggests selective buying at lower levels could focus on companies with fresh contracts, fund-raising plans, stake sales and sector specific data points.

Market overview and cues for June 4

Statistic	Value/Change	Context
Sensex close (3 June)	74,346.17, down 304 pts (approx. 0.41%)	Recovered nearly 850 points from intraday low after early selloff.
Nifty 50 close (3 June)	23,406, down 78 pts (approx. 0.33%)	Rebounded from intraday low of 23,151, but extended losing run.
Gift Nifty (early 4 June)	Near 23,346, over 170 pts below prior Nifty futures	Signals cautious to negative opening for cash market.

• Nifty and Sensex have closed lower in five of the past six sessions.
• Intraday recovery on 3 June indicates buying interest at lower index levels.
• Gift Nifty weakness reflects continued risk aversion at the open on 4 June.
• Geopolitical tensions in the Middle East are keeping global risk appetite subdued.
• Energy price implications from regional tensions remain a key macro concern.

BHEL: overseas contract win

• Bharat Heavy Electricals Ltd (BHEL) signed a contract with Dangote Petroleum Refinery & Petrochemicals.
• The project will be executed in the Dangote Industries Free Zone in Nigeria.
• The contract underscores BHEL’s order book visibility from international markets.

Lenskart: SoftBank stake sale and coverage

• Lenskart Solutions saw a large secondary transaction involving SoftBank affiliate SVF II Lightbulb (Cayman).
• SoftBank sold 5.65 crore shares at ₹508.55 each via a block deal.
• The transaction value was about ₹2,873 crore, as per exchange data.
• The sale reduces SoftBank’s stake and increases Lenskart’s free float.
• Brokerage coverage highlights Lenskart’s 2,609 India stores and expansion potential.
• Analysts see product margins and operating leverage as key profitability drivers.

IEX: strong volume print for May

• Indian Energy Exchange (IEX) reported 12,983 million units traded in May 2026.
• Volumes rose 18.6% year on year, supported by higher power demand.
• Management cited increased consumption and record peak electricity demand across India.
• The data point will be watched for implications on IEX’s fee income trajectory.

NBCC and Indiabulls: order inflow and fund raising

• NBCC (India) Ltd secured new work orders worth about ₹83.24 crore, excluding GST.
• The orders are part of NBCC’s regular business operations.
• Indiabulls board approved raising up to ₹1,000 crore.
• The capital will be raised via preferential allotment of convertible warrants.
• The fund raise aims to strengthen the balance sheet and support growth plans.

GMR Airports and stake moves

• GQG Partners Emerging Markets Equity Fund sold shares in GMR Airports.
• The fund divested 19.5 crore shares, equal to a 1.84% stake.
• Deal value was about ₹1,906.12 crore, as per exchange data.
• The transaction may influence near term liquidity and price discovery in the stock.

JBM Auto and Suzlon: energy and EV themes

• JBM Auto reported sales of 157 electric buses in May 2026.
• The company holds about 49% market share in the electric bus segment.
• The data underscores JBM Auto’s positioning in public transport electrification.
• Suzlon Energy outlined plans to diversify beyond wind turbine manufacturing.
• The company aims to evolve into a full renewable energy solutions provider.

Aurobindo Pharma: biologics foray

• Aurobindo Pharma launched TheraNym, a biologics contract manufacturing platform.
• The facility involves investment of about ₹1,200 crore in Telangana.
• The move marks Aurobindo’s formal entry into biologics contract manufacturing.
• Investors will track utilisation ramp up and margin profile of the new unit.

InterGlobe Aviation: Kuwait operations update

• InterGlobe Aviation (IndiGo) suspended all flights to and from Kuwait.
• Suspension is effective until 12 pm on 4 June 2026.
• The move follows continued closure of Kuwaiti airspace.
• Passengers on the route face temporary disruption; revenue impact will be monitored.

Technical and trading watchpoints for June 4

• Nifty 50 closed at 23,406, well above the intraday low of 23,151.
• Repeated intraday recoveries suggest buying interest near recent support zones.
• Gift Nifty indicates potential gap down open near 23,350 levels.
• Traders will watch if Nifty can hold above the prior intraday low of 23,151.
• Stock specific flows in Lenskart, GMR Airports and BHEL may drive turnover.

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