JBM Auto, IndiGo, Physicswallah among buzzing stocks as NIFTY50, SENSEX trade flat in noon deals

The Indian benchmark indices, SENSEX and NIFTY50, were trading flat with a negative bias during the afternoon session on Thursday, June 4, amid caution due to the weak momentum in the Asian markets, and continued foreign investor outflows from the Indian market.

The SENSEX slumped by as much as 0.7% to reach an intraday low of 73,807.30. Meanwhile, the NIFTY50 touched the session’s low of 23,247.30.

While the indices recovered from their day’s low, they were still trading in the red. At 1:07 PM, the S&P BSE SENSEX fell by 39.98 points, or 0.05%, to trade at 74,306.19, while NSE’s NIFTY50 stood at 23,392.40, marking a 13.20-point, or 0.06% decline.

Buzzing stocks on June 4: Check list

Shares of EV manufacturers JBM Auto and Olectra Greentech were trading with notable gains on Thursday, June 4, a day after the Union Cabinet approved a scheme for the replacement of old trucks and buses in the Delhi-NCR area.

The scheme seeks to incentivise owners of trucks and buses registered in the Delhi-NCR that comply with BS-IV or earlier emission norms to replace them with BS-VI or stricter emission-compliant vehicles or electric vehicles (EVs).

Under the scheme, the centre will provide a 5% interest subvention on loans for five years, monthly fuel vouchers worth up to ₹4,800 depending on vehicle category, and lump-sum benefits for EV purchases or certificate of deposit trading.

The scheme will benefit approximately 2.07 lakh (1.91 lakh trucks and 16,329 buses) owners in Delhi and NCR states, such as Haryana, Rajasthan, and Uttar Pradesh.

The stock of airline companies like InterGlobe Aviation and SpiceJet were trading in green on June 4, a day after the government capped ATF prices for domestic airlines and approved a ₹10,000 crore jet fuel stabilisation fund to ease airline cost pressures.

The Union Cabinet has approved a ₹10,000 crore Aviation Turbine Fuel (ATF) Price Stabilisation Fund to protect airlines and passengers from the impact of a sharp rise in global jet fuel prices triggered by the ongoing crisis in West Asia.

The decision comes amid a nearly 2.5-fold increase in international ATF prices, which rose from ₹60.5 per litre in March 2026 to ₹142 per litre in May 2026, according to the government.

The government, however, capped ATF prices for domestic operations at ₹75.6 per litre to shield carriers and passengers from the full impact of the surge.

PhysicsWallah Ltd's shares skyrocketed nearly 18% on the National Stock Exchange (NSE) on Thursday, June 4, after the company announced that it had partnered with multiple non-banking financial companies (NBFCs) for student financing.

PhysicsWallah had recently invested approximately ₹120 crore through an equity infusion in its fully owned subsidiary FinZ Finance Pvt Ltd. Now, restructuring its lending strategy, the company, in an exchange filing on June 4, announced that it has tied up with several third-party NBFCs to enable student lending requirements.

This decision reverses the Noida-based firm's earlier approach and is likely to materially reduce the balance sheet and credit-related risks for the company.

Shares of Rajesh Exports were locked in 5% lower circuit at ₹103 apiece on the NSE on Thursday after SEBI passed an interim order on misrepresentation of financial information between FY21 and FY25.

The regulator received a complaint on March 11, 2024, in which a shareholder alleged potential financial misrepresentation in the company's books regarding a large sum of trade receivables for more than two years. Upon investigation, SEBI found serious and gross misrepresentation of financial statements at the group level.

Upon investigation, SEBI found serious and gross misrepresentation of financial statements at the group level.

Jain Irrigation Systems shares rallied 14% to touch an intraday high of ₹33.09 apiece on Thursday, June 4, after the company said it has commissioned a new facility in Maharashtra.

The company, in a statement, informed the exchanges that it has commissioned a ~20,000 tonne/annum high-tech industrial-scale biochar facility along with its partners in Jalgaon, Maharashtra. The facility is expected to help advance climate-smart agriculture, circular manufacturing, and engineered carbon removal at a commercial scale.

“With a processing capacity of more than 50 metric tonnes of agricultural and fruit processing residue per day, the Jalgaon plant stands among the world’s largest single-unit biochar reactors, placing India at the forefront of the global biochar and carbon removal movement,” Jain Irrigation Systems said in the filing.

The stock of IdeaForge Technology Ltd hit its 52-week high on Thursday, June 4, after the company approved fundraising plans.

In an exchange filing on June 3, ideaForge announced that its board has approved a fundraiser of up to ₹500 crore via preferential allotment and a qualified institutional placement (QIP).

Lenskart shares were trading lower on Thursday, a day after SoftBank Group's investment arm SVF II Lightbulb (Cayman) Ltd offloaded 5,65,00,000 shares in Lenskart Solution for ₹508.55 apiece on June 3.

Several domestic institutional investors and overseas entities, including Goldman Sachs Bank Europese, HDFC Life Insurance Company, India Acron Fund, International Monetary Fund, Mirae Asset Mutual Fund, among others, bought a stake in the eyewear technology firm via a block deal at the same trading price.

Societe Generale - ODI purchased 1,37,34,000 Lenskart shares at ₹508.55 apiece in a bulk deal, as per the exchange data.

In a bulk deal on June 3, Goldman Sachs Trust II-Goldman Sachs GQG Partners Intl Opportunities Fund sold 16,27,45,207 shares of GMR Airports at ₹97.75 per unit, of which 14,92,50,100 shares were bought by FMRC Fidelity Advisor International Capital Appreciation Fund at the same trade price.

In a separate block deal, US-based investment firm GQG Partners sold a 1.8% stake, or 19,50,00,000 shares, in the airport operator, to Fidelity International, at ₹97.57 per unit aggregating to ₹1,906 crore through open market transactions.