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The Baseline
06 Mar 2025
By Abdullah Shah

India’s superstar investors are famous for their stock picks and track records over the past decade. So they draw plenty of imitators – an Ashish Kacholia buy, for instance, can significantly move the stock price the next day. In this edition of Chart of the Week, we look at superstar investors’ public portfolio holdings from December 2015 to March 2025 and analyse their preferred sectors and investing strategies. 

Trendlyne's superstar dashboard shows that superstar investors have bet on retailing, software & services, textiles, apparels & accessories, diversified consumer services, and banking & finance. 

Prominent investors like the late Rakesh Jhunjhunwala (whose portfolio is now managed by RARE Enterprises), Vijay Kedia and Radhakishan Damani saw significant changes in their net worth from June 2018 to March 2025. Most superstars and promoters have seen their net worth fall in the Covid lockdown, and more recently, as the Nifty 50 declined by 14.4% over the past six months.

Promoters Ambani, Damani and Premji beat career investors, and boast the highest net worth

Reliance Industries and Jio Financial Services’ promoter, Mukesh Ambani, has the highest net worth of Rs 3.2 lakh crore as of March 2025 (this includes the family’s holdings. His net worth surged to Rs 76,790.2 crore in Q4FY17 after Reliance Industries became the first Indian firm to cross the Rs 6 lakh crore mark in market capitalization during the quarter. 

Ambani’s portfolio consists of only the above two stocks. His net worth jumped by another 115.4% to Rs 2.8 lakh crore after a significant investment in his digital arm, Jio Platforms. He sold a 33% stake to investors like Google and Facebook, which boosted the value of his holdings in 2020.

Radhakishan Damani, the promoter of retail chain DMart, dropped to the sixth richest Indian from the third spot in 2024, according to Forbes’ 100 richest Indians in 2024. This came after his net worth eroded by 28.9% in Q3FY25 after DMart’s stock price plunged 30.1% in the quarter. The superstar holds the third largest public stock portfolio among superstar investors. As of March 2025, this superstar investor’s net worth stood at Rs 1.6 lakh crore. 

In Q3FY16, he ranked 3rd in net worth, but after DMart went public in Q4FY17, his net worth soared to Rs 35,827 crore. During the COVID-19 pandemic in Q4FY20, Damani rose to second in public portfolio net worth, surpassing Premji and Associates and coming behind Mukesh Ambani. 

Damani is primarily a passive investor who has exited just three positions over the past two years: Astra Microwave, India Cements, and Andhra Paper. Additionally, he has reduced his holdings in three companies from Q3FY23 to March 2025: Blue Dart Express in Q1FY25, Avenue Supermarts in Q1FY24, and VST Industries in Q2FY25.

Another promoter who ranks near the top of the list is Premji and Associates, with a net worth of Rs 2.1 lakh crore as of March 2025. His portfolio consists of only one stock after selling stakes in Balrampur Chini Mills and Tube Investments of India. This means this superstar investor’s public portfolio value entirely depends on Wipro’s share price. Premji and Associates holds a 72.7% stake in Wipro as of March 2025. Damani overtook Premji in 2019 due to the muted growth of the Indian IT sector, during which Wipro lost 10% of its share value. 

Superstar investors go on a selling spree in 2024

The late Rakesh Jhunjhunwala, also known as the Big Bull, has a portfolio of 29 stocks, currently managed by Rare Enterprises. His portfolio value jumped 15.6% to Rs 56,915.4 crore in Q3FY25. Preferred sectors include diversified consumer services (30%), textiles, apparels & accessories (24.7%), and banking & finance (13.9%). 

Despite an investment slowdown, Rare added a 24.1% stake in Concord Biotech, a 3.7% stake in Baazar Style Retail and a 49.3% stake in Inventurus Knowledge Solutions since September 2023. 

Rare Enterprises also increased its stake in Geojit Financial Services by 0.2% while reducing stakes in Jhunjhunwala’s top picks, Titan, Jubilant Pharmova, Crisil, Nazara Technologies and Aptech since the start of 2024. Rare reduced stakes across banks like Canara Bank, Federal Bank, and Karur Vysya Bank in the past year. 

Mukul Agarwal’s net worth rose 21.3% over the past year to Rs 6,062.61 crore, helping the portfolio to jump to the second spot behind Rakesh Jhunjhunwala among the superstar investors. Like Jhunjhunwala, Agarwal prefers stocks from the banking & finance (19%), pharmaceuticals & biotechnology (17.8%), and textiles, apparels & accessories (12%) sectors. His portfolio is one of the most diversified among the superstars, with 64 stocks currently active. 

Mukul Agarwal has been an active investor since Q3FY23, when he added 30 stocks to his portfolio. The most notable additions are BSE in Q1FY24, Deepak Fertilizers in Q2FY25, Strides Pharma in Q3FY24, and KRN Heat Exchanger & Refrigeration in Q3FY25. Over the past two years, he has exited his positions from 29 stocks, including Paras Defence, Suzlon Energy, Newgen Software, Delta Corp, Karur Vysya Bank, and Raymond.

Akash Bhansali has a significant investment in the chemicals & petrochemicals (41.6%) sector. He also prefers pharmaceuticals & biotechnology (11.3%) and general industrials (11%) stocks. Bhansali added eight new stocks to his portfolio, including Dilip Buildcon, Genus Power and Natco Pharma, among others, since Q3FY23. He holds substantial stakes in Sudarshan Chemicals (7.9%) and Gujarat Fluorochemicals (4.8%), which serve as the main drivers of his portfolio. He also exited positions in six stocks, like Arvind Fashions, Granules India and Titagarh Rail Systems.

Ashish Kacholia prefers general industrials (22.7%), pharmaceuticals & biotechnology (16%) and diversified consumer services (14%). His portfolio has a majority of small-cap stocks. In December 2024, he added stocks like Texel Industries (7.9%) and Aelea Commodities (3.8%). Kacholia actively manages his investments, regularly adding new stocks, increasing stakes, and exiting positions. In the past year, he entered or exited 33 positions as the smallcap universe grew volatile, including popular ones such as Man Industries, Awfis Space Solutions, and Gravita India.

Sunil Singhania’s Abakkus Fund holds 23 stocks, with a focus on metals & mining (17.4%), general industrials (15.4%) and cement & construction (10.2%). During Q4FY25, Singhania’s portfolio fell by 21.5% due to the downturn in metals stocks. He added a 6.8% stake in Himatsingka Seide and increased his stake in Hindware Home Innovation by 0.1% to 4.6% in Q3FY25. He has reduced his stakes in HIL, IIFL Securities, and Sarda Energy & Minerals. 

Vijay Kedia focuses mainly on the automobiles and auto components sector (23.1%). In comparison, Nemish Shah’s portfolio is dominated by the general industrial sector (59.3%), and Ashish Dhawan favours the banking and finance sector (44.3%). Vijay Kedia’s net worth has fallen 31.1% in the ongoing Q4FY25 after his portfolio stock, Om Infrastructure, posted weak results in Q3FY25. During Q3FY25, Kedia increased his stakes in Precision Camshafts and Global Vectra while reducing his holdings in Elecon Engineering and Tejas Networks. 

 
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The Baseline
06 Mar 2025
Fast growing companies in a muted market | Screener: Stocks with strong PEG and revenue growth

“When men are brought together,” the French mathematician Henri Poincaré wrote, “they no longer decide independently of each other, but react to one another. ”

This behaviour is so common that there are many words for it. Herd mentality. Hive mind. Groupthink. As a result, bull markets last longer than valuations can justify. And downcycles, like the current one, can also be long and painful. The same stocks that were so attractive to investors months ago with expensive valuations, investors don't want to touch when they are cheaper. 

But in addition to macro factors impacting stock markets, investors hate uncertainty. With US President Trump  hitting allies like Canada and Mexico with hard-to-justify tariffs, and promising more tariffs to come for EU, Brazil, Japan, South Korea, and yes, India, stock markets globally have become volatile. 

Trump also seems to be a man of many moods. He will announce tariffs one day, and his advisers will hint the next morning that these tariffs may be removed. Maybe he just likes watching markets switch from green to red and back again.

But as India's macro numbers recover, the recent downcycle in stocks may offer some interesting opportunities for investors looking for bargain buys, and willing to ignore the herd.  

In this week's Analyticks,

Fast growing players: Companies showing resilience in a weak market

Screener: Stocks with a strong PEG ratio and good growth in Q3 revenue and net profit

Let's hunt for some diamonds.

In an uncertain environment, investment options narrow

Some economists believe that uncertainty is the world's new reality.  "The past seven-plus decades of free trade..and relatively peaceful cooperation among nations", Robert Kagan writes, "are a great historical aberration."

The world is now facing tariffs, the rise of populism, and rising conflicts. This makes it more difficult for investors and analysts to predict business growth. Growing exporters may be hit by tariffs that make them less competitive; new sanctions may drive up the price of oil. But there are some companies in the current market that have the wind on their backs.

Electronics manufacturer Dixon Technologies for example, has made headlines and grown steadily, as major consumer electronics companies shift  their manufacturing from China to India. It is projected by analysts to record an EBITDA growth of 59% CAGR during FY25-27.

Dixon is working hard to take advantage of its golden moment, via acquisitions, and in trying to enter display fabrication - a significant backward integration move, since it manufactures TVs, smartphones and laptops. If this initiative gets approved under the Indian Semiconductor Mission 2.0. Dixon would be eligible for a subsidy covering nearly 70% of its Rs. 25,000 crore expected capex. 

We look at similar companies, whose growth outperformance has kept valuations in line. The list includes Nifty players, as well as midcaps and smallcaps across industries that are benefiting from different factors: a growing export niche, government support, new project wins, and so on. 

To find the full list of these companies, you can look at this screener. To identify these players, the screener looks at the TTM PEG ratio, which is a stock's PE ratio divided by its earnings growth rate.

When earnings growth is especially high relative to the company's valuation, the PEG will be less than 1, suggesting that the stock may be undervalued relative to its growth. A PEG ratio between 0 and 1 is the sweet spot for stocks. The screener also looks at momentum score, year change and revenue growth.

We discuss some frontrunners below. 

Top growing companies are in finance, fertilizers, pharmaceuticals

Among the 137 companies identified, the fastest growing are in a range of industries, with some of the top ones in finance, pharma, fertilizers, engineering and electronics. 

Finance is a wide ranging sector, and the firms that turn up in this list include banks, NBFCs, and holding companies.  Kotak Mahindra Bank's reasonably strong Q3 performance compared to its peers, has had analysts turn positive on it. Its healthy PEG ratio and its steady net interest margin has made Kotak an attractive bank play for analysts.

Bajaj Holdings' underlying companies Bajaj Finance and Bajaj Auto have delivered growth in recent quarters in a muted market, although domestic sales for the latter have slowed. Exports for Bajaj Auto however, have been surging, and overtook its domestic sales in February. 

Sarda Energy is one of the less familiar names in the list, but it has been a steady outperformer recently, with a growth of 120% in share price over the year.

The company has been investing in expanding its coal mining capacity: it's growing fast in a "dirty" energy industry. It has recently won key clearances such as for the Shahpur West Coal Mine, and is expanding into both power plant and solar energy projects. 

Avanti Feeds is another player that looks positioned for growth. It hit a five year high today, as I was writing about the stock. Sitharaman's announcement in the Budget to boost the fisheries sector has put wind in its sails.

Rising shrimp demand from both the US and China also has analysts predicting a strong year for the shrimp industry. 

GlaxoSmithKline's stellar Q3FY25 performance triggered a surge in investor interest. Profit jumped 5X, and management sounded bullish on continued growth. The company is benefiting from its presence in high growth domestic pharma markets - pediatric and adult vaccines, as well as respiratory treatments. Both these segments are growing sharply as GSK has focused on expanding patient access here. 

These players, and Dixon Tech, which we discussed earlier, have held on to their momentum (momentum scores all above 50). Expect for Dixon, which has aggressive growth forecasts, these are at reasonable PE levels. 

You know that disclaimer one hears at the end of every MF ad, said at 1.5X speed: 'investments are subject to market risks'? Market upheavals are unavoidable. In the Trumpian era, they may even be more frequent. 

But even with volatility, a  quieter market is a great time to look at stocks that seemed too pricey during the bull run. While we have picked out six stocks to analyze, the screener has many interesting names.

Screener: Stocks with a strong PEG ratio and good growth in Q3 revenue, profit

Banking & finance stocks have the highest month change and good PEG TTM

In this section, we look for growth stocks from a slightly different angle. We analyze the PEG ratio (trailing twelve months price/earnings (P/E) to growth ratio). We also see how the stocks did in the most recent quarter results, in Q3FY25. This screener identifies such stocks, with a TTM PEG ratio between 0 and 1 and good YoY growth in Q3FY25 revenue and net profit. 

The screener is dominated by stocks from the banking & finance, general industrials, pharmaceuticals & biotechnology, realty, and automobile & auto components sectors. Notable stocks in the screener are GlaxoSmithKline Pharmaceuticals, Shriram Finance, Hindalco Industries, Chambal Fertilisers, Cholamandalam Finance, Hitachi Energy India, Union Bank of India, and Go Digit General Insurance. 

GlaxoSmithKline Pharmaceuticals shows up in the screener with a TTM PEG ratio of 0.8. This pharmacauticals company also rose 34.3% over the past month. Its net profit and revenue surged by 402.8% YoY and 17.9% YoY, respectively, in Q3FY25, helping to lower its TTM PEG. The company’s revenue increased on the back of volume growth of 11% YoY and a price hike of 3% in the general medicine segment, and a 14% YoY increase in its vaccine portfolio.

Hindalco Industries has a good TTM PEG of 0.2. This aluminium & aluminium products company’s stock price jumped 11.8% over the past month. The company’s net profit and revenue increased by 60.2% YoY and 10.6% YoY in Q3FY25, helping to lower its TTM PEG. An improvement in sales volumes and margins from the upstream (mining and refining) and downstream aluminium (final products) and copper segments drove the company’s net profit and revenue growth.

You can find more screeners here.

 
Trendlyne Marketwatch
Trendlyne Marketwatch
05 Mar 2025
Market closes higher, Biocon's arm gets US FDA nod for lenalidomide and dasatinib tablets
By Trendlyne Analysis

Nifty 50 closed at 22,337.30 (254.7, 1.2%), BSE Sensex closed at 73,730.23 (740.3, 1.0%) while the broader Nifty 500 closed at 20,256.50 (338.7, 1.7%). Market breadth is overwhelmingly positive. Of the 2,457 stocks traded today, 2,095 were on the uptick, and 331 were down.

Indian indices closed higher with the Nifty 50 closing at 22,332.7, driven by a strengthening rupee against the US dollar, a drop in US treasury yields, and fear of higher inflation in the US. The Indian volatility index, Nifty VIX, rose 1.2% and closed at 13.7 points. Oil & Natural Gas Corp closed 1.3% higher as its subsidiary, ONGC Green, acquires PTC Energy from PTC India for a total consideration of Rs 925 crore as part of its plans to achieve a 10 GW renewable energy portfolio for ONGC by 2030.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, tracking the benchmark index. S&P BSE Utilities and Nifty Metal were among the highest-performing indices of the day. According to Trendlyne’s sector dashboard, Utilities emerged as the best-performing sector of the day, with a fall of 4.2%.

European indices are trading in the green. Major Asian indices closed higher, except Australia’s ASX 200 index, which closed 0.7% lower. US index futures are trading higher after President Donald Trump’s cabinet member hinted at a possible reduction of tariffs on Canada and Mexico.

  • Money flow index (MFI) indicates that stocks like Oracle Financial Services, Bajaj Auto, MRF, and Tata Communications are in the oversold zone.

  • Biocon is rising as its subsidiary, Biocon Pharma, receives approval from the US FDA for lenalidomide capsules and dasatinib tablets. The former is used for different types of lymphoma, while the latter is used to treat leukaemia in adults.

  • NAVA surges as its Rs 360 crore buyback of 72 lakh equity shares at Rs 500 per share opens on March 6 and closes on March 12.

  • Adani Enterprises rises sharply as 84.5 lakh shares, worth Rs 1,832 crore, reportedly change hands in a block deal at an average price of Rs 2,168.1 per share.

  • According to an SBI report, RBI may need to cut the cash reserve ratio (CRR) to ease liquidity pressures in the banking sector. The report notes that with unchanged government securities (G-secs) holdings in FY26, the open market operations (OMO) gap will likely remain around Rs 1.7 trillion, indicating a need for ongoing liquidity measures.

  • Spicejet rises sharply as Plutus Wealth Management LLP acquires 90 lakh shares via a bulk deal at an average price of Rs 46 per share.

  • BNP Geojit Paribas downgrades Coal India to a 'Hold' call from 'Buy' with a lower target price of Rs 393 per share. This indicates a potential upside of 7.7%. The brokerage believes the company's efforts to expand operations, including exploring coal gasification projects and renewable energy, are expected to drive growth. It expects the firm's revenue to grow at a CAGR of 6% over FY25-27.

  • Angel One surges as its board of directors appoints Ambarish Kenghe as its Group Chief Executive Officer (CEO), effective March 5.

  • UBS upgrades Mahindra & Mahindra to a 'Buy' rating with a lower target price of Rs 3,300. The brokerage believes the 19% drop in M&M's share price over the past month, driven by EV-related news and Tesla's potential entry into the Indian market, is an "overreaction." It expects M&M's volumes to grow by 9% in FY26, fueled by strong demand for its SUVs and the launch of its electric vehicles. The SUV segment is also likely to see high-single-digit volume growth.

  • Power Grid Corp rises sharply as it secures three inter-state power transmission projects under a tariff-based competitive bidding process. The projects will be developed under the build, own, operate, and transfer (BOOT) model, expanding transmission capacity across Rajasthan, Madhya Pradesh, Gujarat, Andhra Pradesh, and Karnataka.

  • Oil & Natural Gas Corp is rising as its subsidiary, ONGC Green, acquires PTC Energy from PTC India for a total consideration of Rs 925 crore as part of its plans to achieve a 10 GW renewable energy portfolio for ONGC by 2030. The acquisition will give ONGC access to PTC's operational wind generation capacity of 288.8 MW, located in Andhra Pradesh, Madhya Pradesh, and Karnataka.

  • KEC International is rising as it receives an income tax refund of Rs 177 crore from the Income Tax Department.

  • Indian oil companies like BPCL and HPCL are rising as OPEC+ decides to gradually roll back the 2.2mbpd voluntary production cut, which has been in place since November 2023. The rollback will begin in April 2025 and continue through September-December 2026. As a result, Brent oil futures hit the $70 per barrel mark. Emkay Global sees Brent prices falling to $60 per barrel but believes the $70-75 per barrel range is more likely than $75-80 earlier.

  • Star Cement is rising as it emerges as the preferred bidder for the North Boro Hundong Limestone Block (Part-A) at an e-auction held by the Assam Government. The block has an area of 200 hectares and an estimated limestone resource of 192.4 million tonnes.

  • JSW Energy rises sharply as it secures approval from the Competition Commission of India (CCI) to acquire KSK Mahanadi Power for nearly Rs 16,000 crore. This acquisition will enhance the company's generation capacity and strengthen its push toward renewable energy expansion.

  • Adani Wilmar is rising as it signs an agreement to acquire GD Foods Manufacturing (India), the owner of the Tops brand. The acquisition will occur in multiple tranches, with 80% of shares acquired in the first tranche and the remaining 20% over the next three years. This expands Adani Wilmar’s food portfolio to meet Indian kitchen needs.

  • India's Services PMI increases to 59 in February, up from 56.5 in January, staying well above the 50-mark. The increase signals strong demand, with faster growth in new business and output driven by robust international demand.

  • Apollo Hospitals Enterprise plans to invest Rs 250 crore in a comprehensive oncology centre in Hyderabad. The facility is expected to be operational by FY28 and expand proton therapy capacity, enabling treatment for 350 more patients annually.

  • Welspun Specialty Solutions rises sharply as it emerges as the lowest bidder for a Rs 231.8 crore order from Bharat Heavy Electricals. The order involves the supply of 4,050 tonnes of stainless steel seamless boiler tubes for a series of super critical thermal power projects.

  • Force Motors is rising as its wholesales grow 46.3% YoY to 3,600 units in February, driven by a 48.8% YoY increase in domestic wholesales. However, exports decline 16.8% YoY to 79 units.

  • Ola Electric misses the deadline to begin commercial cell manufacturing at its Tamil Nadu Gigafactory, initially expected by Q1FY26. The Industrial Finance Corporation of India (IFCI) issues a letter citing "Non-achievement of Milestone -1" under the PLI scheme.

  • Ambuja Cements is rising as it receives approval from the Competition Commission of India (CCI) to acquire a 72.8% stake in Orient Cement.

  • GE Vernova T&D India is rising as it secures three orders worth approximately Rs 500 crore from Power Grid Corp of India to supply and install 765 kV class transformers and reactors of various capacities under a bulk procurement deal.

  • Coforge surges as its board of directors approves the stock split of one equity share with a face value of Rs 10, fully paid up, into five equity shares of Rs 2 each. The company also bags a 13-year contract worth $ 1.6 billion (~ Rs 13,936 crore) from Sabre Corp to accelerate product delivery and launch additional AI-enabled solutions.

  • Rail Vikas Nigam is rising as it receives a letter of acceptance (LoA) worth Rs 729.8 crore from Himachal Pradesh State Electricity Board (HPSEBL) to develop distribution infrastructure in Himachal Pradesh’s Central Zone under the Revamped Distribution Sector Scheme.

  • Nifty 50 was trading at 22,133.55 (50.9, 0.2%) , BSE Sensex was trading at 73,139.91 (150.0, 0.2%) while the broader Nifty 500 was trading at 20,008.90 (91.1, 0.5%)

  • Market breadth is highly positive. Of the 1,989 stocks traded today, 1,625 were gainers and 315 were losers.

Riding High:

Largecap and midcap gainers today include Adani Green Energy Ltd. (848.70, 10.4%), Adani Energy Solutions Ltd. (709.45, 9.7%) and Coforge Ltd. (7,814.20, 8.3%).

Downers:

Largecap and midcap losers today include Bajaj Finance Ltd. (8,298.70, -3.4%), IndusInd Bank Ltd. (971.85, -1.6%) and Voltas Ltd. (1,387.80, -1.5%).

Volume Rockets

14 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included IIFL Finance Ltd. (313.70, 10.6%), Adani Energy Solutions Ltd. (709.45, 9.7%) and Coforge Ltd. (7,814.20, 8.3%).

Top high volume losers on BSE were UTI Asset Management Company Ltd. (930.55, -1.6%) and KNR Constructions Ltd. (219.83, -0.1%).

Timken India Ltd. (2,604, 3.7%) was trading at 5.3 times of weekly average. JK Cement Ltd. (4,464.10, 1.3%) and Ceat Ltd. (2,583, 7.7%) were trading with volumes 4.6 and 4.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

1 stock overperformed with 52 week highs, while 8 stocks hit their 52 week lows.

Stock touching their year highs included - Abbott India Ltd. (31,448.10, -0.3%).

Stocks making new 52 weeks lows included - Asian Paints Ltd. (2,164.15, 1.5%) and Bajaj Auto Ltd. (7,420.30, 1.2%).

16 stocks climbed above their 200 day SMA including Hitachi Energy India Ltd. (13,191.10, 8.2%) and Deepak Fertilisers & Petrochemicals Corporation Ltd. (1,047.40, 7.3%). 5 stocks slipped below their 200 SMA including Anand Rathi Wealth Ltd. (1,895.70, -6.5%) and Medplus Health Services Ltd. (723, -0.4%).

 
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The Baseline created a screener Fast growing companies with …
05 Mar 2025
 
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The Baseline
04 Mar 2025
Five stocks to buy from analysts this week - March 04, 2025
By Divyansh Pokharna

1. SRF:

Emkay reiterates its ‘Buy’ rating on this specialty chemicals firm with a target price of Rs 3,250. This indicates a potential upside of 13.9%. SRF is experiencing strong demand and higher prices for refrigerant gases in India. Globally, prices of R32 and R22, commonly used in air conditioning and cooling, are rising due to higher refrigerant gas prices in China and a shift to eco-friendly alternatives with lower global warming impact. Analysts Meet Vora and Meet Gada expect prices to remain stable through this season and into 2025. 

Vora and Gada noted the company’s efforts to reduce costs for key products while keeping profit margins steady (EBITDA margin at 19.7% in FY24). SRF’s new active ingredients (AIs) are expected to start making a significant impact from FY26 and reach full production by FY28. The total market for manufacturing these AIs is estimated at around $1-1.5 billion, with SRF aiming to capture a 35-40% share.

The analysts project SRF’s revenue to grow at a CAGR of 17.6% and net profit at 52% over FY25-27. This growth is expected to be driven by increasing contributions from new products, and rising refrigerant gas prices globally.

2. Godrej Properties:

Hem Securities initiates a ‘Buy’ rating on this Mumbai-based realty company with a target price of Rs 2,405. This indicates a potential upside of 19.8%. The company’s revenue grew 126% YoY to Rs 1,240 crore in Q3FY25, driven by the delivery of 2.6 million square feet (msf) of projects.

Analyst Deepanshu Jain highlights that the company has achieved 71% of its Rs 27,000 crore FY25 booking value target. Godrej Properties has surpassed its business development guidance of Rs 20,000 crore, adding 16.9 msf of saleable area with a potential booking value of Rs 23,450 crore. 

Management remains confident in achieving its Rs 30,000 crore launch target, supported by Rs 7,000 crore in Q4 launches across Hyderabad, Noida, Gurugram, Mumbai, Pune, and Indore. The company also raised Rs 6,000 crore through a qualified institutional placement (QIP) to expand its project pipeline.

Jain is optimistic about the company, citing its CY24 pre-sales of Rs 2.9 lakh crore as the highest among peers. With better cash flow, a strong land bank, and high demand, he expects sales to grow at 39.8% CAGR and net profit at 31.4% over FY25-26.

3. AU Small Finance Bank:

ICICI Securities upgrades its rating to ‘Buy’ on this bank with a target price of Rs 725, indicating a potential upside of 32.2%. AU Small Finance Bank (AU SFB) merged with Fincare Small Finance Bank in April 2024. Following the merger, AU SFB’s profitability was affected by higher-than-expected loan defaults in its credit card (CC) and microfinance (MFI) portfolios, leading to increased credit costs. For 9MFY25, credit costs stood at 5.4% in the MFI segment and 9.2% in the CC segment. 

AU SFB’s return on assets (RoA) fell to 1.5% in Q3, reflecting a continued pressure on profitability. Analysts Renish Bhuva and Chintan Shah expect RoA to gradually improve to ~1.8% by FY27, driven mainly by a reduction in credit costs, which are projected to normalize to 3% in the MFI segment and 6–7% in the credit card segment.

Bhuva and Shah are optimistic about the RBI’s 25 bps rate cut to 6.25%, believing that the bank is well-positioned to benefit the most in the current falling rate cycle. They point out that during the last rate-cut cycle, the repo rate dropped from 6.5% in December 2018 to 4% in May 2020. Within a year of the cut, AU SFB’s margins expanded by 100–120 bps.

The bank’s management has raised its net interest margin (NIM) estimate to 6% for FY25, up from its earlier guidance of 5.8% in H1 FY25, while analysts expect it to be slightly higher at 6.2%.

4. Krishna Institute of Medical Sciences:

Geojit BNP Paribas upgrades its rating to ‘Buy’ on this hospitals company with a target price of Rs 622, indicating an upside of 21.3%. In Q3FY25, the company’s revenue grew 27.5% YoY to Rs 772 crore, while average revenue per operating bed (ARPOB) increased by 25.2%. However, occupancy declined to 50.7% from 61.6% in Q3 FY24, mainly due to lower occupancy at its Telangana facilities. 

Krishna Institute of Medical Sciences (KIMS) recently signed an agreement with Valiyath Institute of Medical Sciences (VIMS) in Kerala’s Kollam district to manage its 300-bed facility. It also plans to expand capacity over the next two years, including in Telangana and Andhra Pradesh. The company has allocated Rs 500-600 crore for expansion in the coming year.

The analysts highlight that with new units set to contribute, KIMS is well-positioned to achieve its FY25 revenue growth target of 24% and continue expanding beyond that. They project revenue and profit CAGR of 28% and 32%, respectively, over FY25-27.

5. Healthcare Global Enterprises:

Axis Direct maintains a ‘Buy’ rating on this cancer care hospitals company with a target price of Rs 575, indicating an upside potential of 12.1%. In Q3FY25, revenue rose 18.9% YoY to Rs 1,058.7 crore, driven by a 3.5% YoY increase in average revenue per occupied bed (ARPOB) and 16% growth in occupied days. 

Analysts Ankush Mahajan and Aman Goyal note that during the quarter, the company acquired MG Hospital in Vizag, which contributed Rs 25 crore in revenue with EBITDA margins of 24%. The company’s digital business grew by 14% YoY, generating Rs 76 crore in revenue. Meanwhile, KKR, an American private-equity and investment firm, acquired a majority stake 54% in Healthcare Global for approximately Rs 3,350 crore, taking full control from CVC Asia.

Mahajan and Goyal stated that the company operates in the cancer treatment industry, which is expanding at 17% CAGR. To capitalize on the emerging opportunities the company plans to add 900 beds over the next 4-5 years. Management expects EBITDA margins to expand by 100-150 bps in FY26. The analysts also anticipate a 1,000 bps increase in return on invested capital (RoIC) over the next three years.

Note: These recommendations are from various analysts and are not recommendations by Trendlyne.

(You can find all analyst picks here)

 
Trendlyne Marketwatch
Trendlyne Marketwatch
04 Mar 2025
Market closes lower, HBL Engineering secures a Rs 148 crore contract from Bhopal railway
By Trendlyne Analysis

Nifty 50 closed at 22,082.65 (-36.7, -0.2%) , BSE Sensex closed at 72,989.93 (-96.0, -0.1%) while the broader Nifty 500 closed at 19,917.85 (20.9, 0.1%). Market breadth is in the green. Of the 2,446 stocks traded today, 1,419 were gainers and 997 were losers.

Indian indices closed lower, with the benchmark Nifty 50 index closing at 22,082.7 points. The Indian volatility index, Nifty VIX, rose 0.5% and closed at 13.8 points. One97 Communications (Paytm) closed 3.9% lower after it received a show-cause notice from the Enforcement Directorate for alleged violations of the Foreign Exchange Management Act (FEMA), involving Rs 611 crore.

Nifty Smallcap 100 closed higher, while Nifty Midcap 100 closed flat. Nifty Media and Nifty PSU Bank closed in the green. According to Trendlyne’s sector dashboard, Healthcare Equipment & Supplies emerged as the best-performing sector of the day, with a rise of 2.8%.

European indices are trading in the red, except for Russia’s RTSI and MOEX. Major Asian indices closed flat or lower. US index futures are trading mixed, indicating a cautious start to the session. Trump's 25% tariffs on Canada and Mexico take effect today, along with a 10% duty on China, raising the total tariff to 20%. In response, China announced 15% tariffs on US exports, while Canada plans to impose 25%. Meanwhile, Target, Ross Stores, Best Buy, Nordstrom, and CrowdStrike are set to report their earnings later today.

  • Relative strength index (RSI) indicates that stocks like Route Mobile, Tata Communications, Grindwell Norton and Cera Sanitaryware are in the oversold zone.

  • Zydus Lifesciences is rising as it is set to develop the world’s first combination vaccine to offer protection against shigellosis and typhoid in infants and children. The project, backed by the Gates Foundation, begins in March 2025 and includes early-stage development, animal immunogenicity studies, and regulatory preclinical toxicology assessments.

  • Ventura initiates coverage on State Bank of India with a 'Buy' call and a target price of Rs 1,049 per share. This indicates a potential upside of 46.3%. The brokerage believes the bank's asset quality will stabilise, with the gross and net NPAs at 1.6% and 0.4% by FY27E, respectively. It expects the lender's net interest income to grow at a CAGR of 13.5% over FY25-27.

  • HBL Engineering rises sharply as the HBL-Shivakriti consortium receives a letter of acceptance (LoA) for a Rs 148.4 crore contract from West Central Railway's Bhopal division. The contract involves installing KAVACH across multiple railway sections in the region, set for completion in 540 days.

  • Senores Pharmaceuticals rises over 5% as its US subsidiary acquires 14 abbreviated new drug applications (ANDAs) and its applicable affiliates from Dr. Reddy’s Laboratories.

  • Maharashtra state tax authorities inspect Poonawalla Fincorp's records at its registered office in Pune under Section 67 of the Central and Maharashtra Goods and Services Tax Act, 2017.

  • Godrej Properties is falling as it cancels its land development agreement with TCM for a project in Thrikkakara, Kochi.

  • Zen Technologies rises as it secures its third patent for the T-90 tank simulator. The patent is for a portable, high-tech driving simulator designed to train military personnel.

  • Reliance Industries declines after the Delhi High Court overturns a previous arbitration ruling in favour of RIL, BP Exploration, and NIKO in the KG-D6 gas field dispute with the government. The company had earlier won this case against the Government of India (GOI) over claims of alleged gas migration from ONGC’s blocks. The arbitration panel had awarded $1.55 billion (approximately Rs 12,900 crore) to the consortium.

  • RateGain Travel Technologies is rising as it partners with Mews to improve hotel operations, enhance guest experiences, and drive revenue growth. The integration of RateGain’s Channel Manager with Mews’ cloud-native property management system enables hoteliers to manage rates, inventory, and reservations across over 400 distribution channels.

  • Axis Direct retains its 'Buy' call on Ultratech Cement with a higher target price of Rs 13,510 per share. This indicates a potential upside of 29.5%. The brokerage remains positive on the stock's growth driven by capacity expansion, market share gains, operational efficiencies, and benefits from industry consolidation. It expects the firm's net profit to grow at a CAGR of 28% over FY25-27.

  • Suzlon Energy is rising as it bags another order for 65 S144 wind turbine generators (WTGs) with a total capacity of 204.8 MW from Jindal Renewables' subsidiary, Jindal Green Wind 1. This is the third order from Jindal Renewables, bringing the total capacity of the orders to 907.2 MW.

  • Ravi Jakhar, Chief Strategy Officer at Allcargo Group, remains optimistic about achieving double-digit growth in the domestic express business. He highlights that the company's contract logistics are expanding at 40-50% and expects this trend to continue. He adds that air volumes will constitute around 5% of the total, with 95% coming from surface volumes. Jakhar also mentions that the company has received shareholder approval for its demerger and plans to implement it within the next three months.

  • Wells Fargo offloads 26.6 lakh ITC shares worth Rs 106.6 crore through a block deal at an average price of Rs 401.6 per share.

  • Solar Industries India is rising as its wholly-owned subsidiary, Solar Defence and Aerospace, secures a contract worth Rs 239 crore from the Ministry of Defence, Government of India, to supply multi-mode hand grenades.

  • IndiGrid Infrastructure Trust's subsidiary, IndiGrid 2, receives a Letter of Intent (LoI) from REC Power Development and Consultancy for an inter-state transmission project under the tariff-based competitive bidding (TBCB) framework. The project will be completed in 24 months, with annual transmission charges of Rs 195.2 crore post-commissioning

  • Citi upgrades SBI to a 'Buy' rating and raises its target price to Rs 830. The brokerage highlights the bank's strong focus on enhancing net interest margins (NIMs) through greater attention to current account deposits, reduced reliance on bulk deposits, and optimization of borrowing costs. It believes the bank's upcoming loan repricing and growth in higher-yielding loans will further boost NIMs.

  • Indian Energy Exchange's electricity volume increases by 9% YoY to 9,622 million units (MU) in February. IEX Green Market achieves a volume growth of 85% YoY to 552 MU.

  • Time Technoplast is rising as it expands its polyethylene (PE) pipe segment with pipes designed for gas distribution in public and private sectors. The company expects 30% growth in this segment.

  • Azad Engineering rises sharply as it raises Rs 700 crore through a qualified institutional placement (QIP) of 54.7 lakh shares at an issue price of Rs 1,278 per share.

  • One 97 Communications (Paytm) receives a show-cause notice from the Enforcement Directorate (ED) for alleged violations of the Foreign Exchange Management Act (FEMA), 1999, involving Rs 611 crore. The ED claims Paytm made foreign investments in Singapore but did not report the creation of an overseas step-down subsidiary to the Reserve Bank of India (RBI).

  • Uno Minda establishes a research & development (R&D) and engineering centre in the Czech Republic. The facility will focus on developing lighting technologies for the automotive industry.

  • Maharashtra State GST officials conduct searches at three RBL Bank offices under Section 67 of the Maharashtra Goods and Services Tax Act, 2017.

  • ASK Automotive surges as it signs a Technical Assistance and License Agreement with Japan’s Kyushu Yanagawa Seiki (KYSK) to manufacture high-pressure die-cast alloy wheels for two-wheelers.

  • Glenmark Pharmaceuticals launches acetylcysteine injection single-dose vials after acquiring the abbreviated new drug application (ANDA) from Aspen Pharma USA. The injection has a market size of $15.2 million (~ Rs 132.8 crore) for the year ending January 2025, according to IQVIA.

  • Nifty 50 was trading at 21,968.45 (-150.9, -0.7%), BSE Sensex was trading at 72,728.21 (-357.7, -0.5%) while the broader Nifty 500 was trading at 19,683.55 (-213.4, -1.1%).

  • Market breadth is moving down. Of the 1,980 stocks traded today, 270 were on the uptrend, and 1,669 went down.

Riding High:

Largecap and midcap gainers today include Hindustan Petroleum Corporation Ltd. (315.20, 5.8%), General Insurance Corporation of India (382.20, 5.3%) and GlaxoSmithKline Pharmaceuticals Ltd. (2,647.55, 5.1%).

Downers:

Largecap and midcap losers today include Bajaj Auto Ltd. (7,333.30, -5.0%), Adani Green Energy Ltd. (768.55, -4.4%) and Supreme Industries Ltd. (3,377.35, -4.4%).

Volume Shockers

17 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included India Cements Ltd. (295.20, 15.1%), Concord Biotech Ltd. (1,743.50, 14.6%) and Sun Pharma Advanced Research Company Ltd. (127.04, 13.4%).

Top high volume loser on BSE was Sapphire Foods India Ltd. (319.90, -1.9%).

AstraZeneca Pharma India Ltd. (7,306.25, 6.5%) was trading at 11.6 times of weekly average. DCM Shriram Ltd. (1,013.50, 9.7%) and Schaeffler India Ltd. (3,212.70, 4.1%) were trading with volumes 10.5 and 8.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

2 stocks hit their 52 week highs, while 56 stocks hit their 52 week lows.

Stocks touching their year highs included - Abbott India Ltd. (31,539.90, 1.1%) and Narayana Hrudayalaya Ltd. (1,559.85, -3.5%).

Stocks making new 52 weeks lows included - Asian Paints Ltd. (2,132.10, -1.6%) and Astral Ltd. (1,306.85, -3.1%).

8 stocks climbed above their 200 day SMA including AstraZeneca Pharma India Ltd. (7,306.25, 6.5%) and Godrej Agrovet Ltd. (738.40, 2.8%). 13 stocks slipped below their 200 SMA including Jubilant Foodworks Ltd. (610.25, -3.7%) and Five-Star Business Finance Ltd. (695.95, -3.3%).

 
Trendlyne Marketwatch
Trendlyne Marketwatch
03 Mar 2025
Market closes flat, Bombay Dyeing receives a Rs 440.2 crore GST demand
By Trendlyne Analysis

Nifty 50 closed at 22,119.30 (-5.4, 0.0%), BSE Sensex closed at 73,085.94 (-112.2, -0.2%) while the broader Nifty 500 closed at 19,896.95 (16.1, 0.1%). Market breadth is sharply down. Of the 2,468 stocks traded today, 623 were on the uptrend, and 1,821 went down.

Indian indices closed flat, with the benchmark Nifty 50 index closing at 22,119.3 points. The Indian volatility index, Nifty VIX, declined 1.1% and closed at 13.8 points. India’s manufacturing PMI declined to a 14-month low of 56.3 in February, compared to 57.7 in January, due to softer demand in the sector despite rising export orders.

Nifty Midcap 100 closed flat, while Nifty Smallcap 100 closed in the red. BSE Power & BSE Capital Goods were among the top index gainers today. According to Trendlyne’s Sector dashboard, General Industrials emerged as the best-performing sector of the day, with a rise of 1.5%.

Asian indices closed mixed, while European indices are trading higher except Russia’s MOEX & RTSI index. US index futures traded in the green, indicating a positive start to the trading session. Brent crude oil futures are trading in the red. UBS adopted a cautious outlook on the US market, pointing to factors like extremely high relative valuations, a slowdown in the pace of buybacks, and crowded conditions in the US according to their data. They also highlighted that the gap in relative GDP growth between the US, Europe, and Japan is narrowing.

  • Money flow index (MFI) indicates that stocks like VIP Industries, Oracle Financial Services, Cera Sanitaryware, and Tata Elxsi are in the oversold zone.

  • MOIL rises as it revises manganese ore prices from March 1, 2025, raising ferro-grade ore (Mn 44% and above) by 10% and lower grades by 6.5%. The company's February production stands at 1.5 lakh tonnes, with exploratory core drilling up 43% YoY to 11,455 meters.

  • Bombay Dyeing and Manufacturing is falling as it receives a GST demand worth Rs 440.2 crore from the deputy Commissioner of State Tax, Mumbai, for FY21.

  • ICICI Securities retains its 'Buy' call on Crompton Greaves Consumer Electricals with a lower target price of Rs 440 per share. This indicates a potential upside of 34.9%. The brokerage believes that the company's air cooler segment will report robust growth owing to expectations of a hot summer. It expects the firm's revenue to grow at a CAGR of 11.6% over FY25-27.

  • India’s manufacturing PMI declines to a 14-month low of 56.3 in February, compared to 57.7 in January, due to softer demand in the sector despite rising export orders.

  • IndusInd Bank is falling as Integrated Core Strategies sells 50.9 lakh shares via a bulk deal at an average price of Rs 986.7 per share.

  • Tata Motors falls to its 52-week low of Rs 606.3 as its total domestic wholesales decline 9% YoY to 77,232 units in February due to a 7% YoY and 9% YoY drop in commercial vehicle and passenger vehicle sales, respectively.

  • MSTC falls as it receives a Rs 105.6 crore tax demand from the Income Tax Department for AY 2019-20. The company plans to challenge the assessment and file an appeal before the Commissioner of Income Tax.

  • TeamLease Services declines as Goldman Sachs India Equity Portfolio sells over 2 lakh shares via multiple bulk deals for Rs 48.8 crore. Meanwhile, Nippon India Mutual Fund acquires 2.7 lakh shares in the company worth Rs 50.7 crore.

  • Jindal Worldwide's board of directors approves the issue of 4 bonus shares for every share held in the company. The company will issue up to 80.2 crore shares.

  • Larsen & Toubro rises as its power transmission and distribution unit secures large orders worth Rs 2,500-5,000 crore in India and overseas. The company will develop transmission lines for a renewable energy zone in Uttar Pradesh and a 380 kilovolt (kV) substation in Saudi Arabia.

  • Maruti Suzuki's total sales grow by 5.1% YoY to 1.9 lakh units in February. Passenger vehicle sales increase 5.4% YoY, while commercial vehicle sales are down 8.1% YoY.

  • The Bombay High Court grants an urgent hearing to the pleas filed by SEBI and BSE against the FIR order in the Cals Refineries case. The FIR alleges that SEBI officials facilitated market manipulation and corporate fraud by approving the company's listing, which did not meet the required norms. SEBI and BSE's former chairpersons, Madhabi Buch and Pramod Agarwal, are named in the FIR along with three whole-time members of SEBI.

  • Eicher Motors is rising as its total sales grow by 19% YoY to 90,670 units in February. Domestic vehicle sales increase 19.4% YoY, while exports are up 23% YoY.

  • Reliance Industries plunges to its 52-week low of Rs 1,156 per share as reports suggest it could receive a $14 million (~ Rs 122.3 crore) penalty for failing to establish a battery cell plant. This project is part of the government's push to cut import dependence under the PLI program, where manufacturers are eligible for Rs 18,100 crore subsidies to meet milestones for the project to set up 30 GWh of advanced chemistry cell battery storage.

  • Adani Ports and Special Economic Zone handles 36.5 million metric tonnes (MMT) of cargo in February, primarily driven by an increase in containers (16% YoY) and liquids & gas (12% YoY). For FY25, the company expects cargo volumes to range between 460-480 MMT.

  • A report by Centrum projects India's GDP growth for FY25 at 6.5%, with the economy expected to accelerate in Q4. Factors like robust government capital spending, a recovery in the rural economy, a possible rise in private investment, and further rate cuts by RBI are expected to support recovery in the coming quarters. The brokerage believes the potential boost in consumption demand from spending during the 'Maha-Kumbh' could positively influence the growth outlook.

  • Dalmia Bharat, through its subsidiaries, announces a Rs 3,520 crore investment in Maharashtra and Karnataka. The company plans to set up a 3.6 million tonnes per annum (MnTPA) clinker and 3 MnTPA grinding unit in Belgaum, Karnataka, along with a new 3 MnTPA greenfield split grinding unit in Pune, Maharashtra.

  • Mankind Pharma falls sharply as it receives a Rs 111.7 crore tax demand from the Income Tax (IT) Department for AY 2021-22. The company believes the demand is not tenable and plans to appeal against the order under applicable laws.

  • Piramal Enterprises is falling as it receives a GST demand worth Rs 1,502 crore from the Deputy Commissioner of State Tax, Maharashtra, for the sale of its pharma business for Rs 4,487 crore. The department contends that the sale is an itemized sale instead of a slump sale, levying an 18% GST on the sale consideration.

  • Ola Electric declines over 4% as it reportedly plans to lay off more than a thousand employees and contract workers across multiple departments to reduce its growing losses.

  • Indian Overseas Bank plunges to its 52-week low of Rs 41.2 per share as it receives a GST demand worth Rs 699.5 crore for assessment year FY21 from the Deputy Commissioner, Large Taxpayers Unit, Chennai.

  • Mastek is falling as it receives a warning letter from the Securities and Exchange Board of India (SEBI) after identifying unpublished price-sensitive information.

  • NCC is rising as its transport division bags an order worth Rs 218.8 crore from a state government.

  • Ujjivan Small Finance Bank is rising as it sells its non-performing assets (NPAs) worth Rs 364.5 crore to an asset reconstruction company (ARC) for a consideration of Rs 34.3 crore.

  • Markets rise on early trading, Nifty 50 was trading at 22,253.75 (129.1, 0.6%), BSE Sensex was trading at 73,560.62 (362.5, 0.5%) while the broader Nifty 500 was trading at 19,987.70 (106.8, 0.5%).

  • Market breadth is overwhelmingly positive. Of the 2,074 stocks traded today, 1,372 were on the uptrend, and 650 went down.

Riding High:

Largecap and midcap gainers today include Tube Investments of India Ltd. (2,640.10, 7.2%), Supreme Industries Ltd. (3,532.80, 6.1%) and Prestige Estates Projects Ltd. (1,184, 5.1%).

Downers:

Largecap and midcap losers today include Indian Renewable Energy Development Agency Ltd. (147.31, -5.6%), Central Bank of India (42, -4.5%) and UCO Bank (34.84, -4.2%).

Movers and Shakers

18 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Anupam Rasayan India Ltd. (709.30, 12.2%), Narayana Hrudayalaya Ltd. (1,615.60, 11.8%) and Authum Investment & Infrastructure Ltd. (1,566.95, 11.2%).

Top high volume losers on BSE were Angel One Ltd. (1,978.05, -8.8%), Hatsun Agro Products Ltd. (898.30, -7.6%) and Jubilant Ingrevia Ltd. (580.55, -5.8%).

Welspun Living Ltd. (116.87, 9.3%) was trading at 8.3 times of weekly average. Action Construction Equipment Ltd. (1,026.50, -2.3%) and Blue Star Ltd. (2,032.50, 6.0%) were trading with volumes 7.6 and 5.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

2 stocks made 52 week highs, while 162 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Abbott India Ltd. (31,183.55, 2.6%) and Narayana Hrudayalaya Ltd. (1,615.60, 11.8%).

Stocks making new 52 weeks lows included - 3M India Ltd. (26,275.90, -0.1%) and ACC Ltd. (1,825.75, 0.4%).

10 stocks climbed above their 200 day SMA including Authum Investment & Infrastructure Ltd. (1,566.95, 11.2%) and Sapphire Foods India Ltd. (326.05, 5.1%). 18 stocks slipped below their 200 SMA including eClerx Services Ltd. (2,622.55, -7.5%) and Multi Commodity Exchange of India Ltd. (4,715.15, -5.5%).

 
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The Baseline
28 Feb 2025
Five Interesting Stocks Today - February 28, 2025
By Trendlyne Analysis

1. Ultratech Cement:

This cement & cement products company fell 6.2% since Thursday despite announcing its foray into the wires and cables (W&C) segment, investing Rs 1,800 crore to set up a plant in Gujarat over the next two years. 

The stock plunged after analysts at Citi Research said the expansion would hurt Ultratech’s positioning as a pure-play cement company. Other analysts at JM Financial, Axis Capital, and Jefferies noted that the firm’s investment in a non-cement business might raise doubts among investors about capital allocation. 

The company’s board of directors also approved the demerger of the cement business from its subsidiary, Kesoram Industries. As per the demerger agreement, shareholders of Kesoram Industries will get one share of the demerged entity for every 52 shares held in the company.

The board aims to meet the growing demand for wires and cables across residential, commercial, infrastructure, and industrial sectors. The wires and cables industry grew at a CAGR of 13% from FY19-24. 

CLSA expects the new segment to drive 4x- 5x revenue growth with 11-13% margins. However, the brokerage expects rising competition in the wires and cables segment may hurt sector profitability. It also expects UltraTech to prioritize wires over cables in its new venture. 

Speaking on the expansion plans, Ultratech Cement’s Chairman, Kumar Mangalam Birla said, “We intend to expand our presence in the construction value chain through our foray in the cables and wires segment, which aligns with our vision of providing comprehensive solutions to our end customers in the construction sector.”

The company’s expansion news came as a disaster for the cables & wires industry, with Polycab India, KEI Industries, R R Kabel, and Havells India plunging 18.8%, 21%, 19.8%, and 6.2%, respectively, on Thursday. These stocks fell after expectations of de-rating and margin pressure from investors.

2. Blue Star:

This air conditioner manufacturer's stock rose 2.5% on February 27 after it announced the commissioning of a new assembly line for room air conditioners (AC) at its Sri City plant in Andhra Pradesh. The company has allocated Rs 200 crore for the project, expanding its capacity by 20,000 units per month.

Blue Star’s Sri City facility is operating at full capacity with 6.5 lakh units and will expand to 12 lakh units by FY27. The company aims for a 13.8% market share by FY25 and 14.3% in FY26. Its 15% target, initially set for FY25, has been pushed to FY27.

Managing Director B. Thiagarajan said, "We aim to maintain an 8.5% operating margin while working towards a 15% market share. The original equipment manufacturers (OEMs) are increasing their production capacity, which should help stabilize supply and demand." He also mentioned that the room AC market is expected to grow by 20-25% with a promising summer ahead.

In Q3FY25, Blue Star’s revenue grew 20% YoY, driven by outperformance in the electro-mechanical projects and commercial AC segment. Net profit rose 36% YoY, driven by lower finance costs and inventory destocking. Both revenue and net profit beat Forecaster estimates by 4% and 5%, respectively.

Over the past quarter, foreign investors increased their holdings from 18.1% to 18.5%, while mutual funds reduced their stake from 20.8% to 20.1%. However, mutual funds have shown renewed interest, as the stock appears in a screener of companies where they increased holdings in the last month.

Jefferies downgraded Blue Star to 'Hold', citing limited upside potential after the stock surged 140% in CY24. However, the brokerage noted that demand for ACs and cooling products in Q4FY25 is expected to exceed 25%.

3. Havells India:

This electrical equipment company fell 6.2% to a new 52-week low of Rs 1,402.2 on Thursday, following UltraTech Cement's announcement of its entry into the wires and cables segment, with a Rs 1,800 crore investment over the next two years. This development is expected to intensify competition and lead to pricing pressures in the industry, impacting companies like Havells India, Polycab India, and KEI Industries.

In Q3FY25, Havells' net profit fell 3.3% YoY to Rs 278.3 crore as its EBITDA margin contracted 100bps YoY to 8.8%. However, revenue grew 10.8% YoY to Rs 4,889 crore, driven by the wires and cables segment, which rose 7% YoY to Rs 1,690 crore. This segment contributes 35% to the total revenue. 

The lighting segment faced challenges due to price cuts owing to competitive pressure from brands like Philips, which impacted the margins. Havells’ Lloyd division, acquired in 2017 for Rs 1,600 crore, still remains unprofitable. Although performance improves during peak seasons, the division has not yet achieved full-year breakeven.

Havells India plans to enter the electric vehicle (EV) charging market within the next six months. Vivek Yadav, Executive Vice President of the company,stated, “The EV scene in India is set to grow multi-fold. We identified chargers as a key business, as the charging infrastructure in India is still nascent.” The company intends to start with a business-to-business focus on automakers before expanding into the retail market.

Additionally, Havells is investing in internet-connected household devices, enhancing its Internet of Things (IoT) capabilities, which enables consumers to monitor and optimize their energy consumption efficiently. Yadav noted that the company allocates over 2% of its turnover to research and development.

Motilal Oswal maintains its ‘Neutral’ rating on the company, highlighting that while revenue growth in Q3FY25 was driven by improved consumer demand, lower margins in the switchgear segment and higher losses in the Lloyd division weighed on earnings. The brokerage expects revenue, EBITDA, and net profit to grow at a CAGR of 14%, 21%, and 23% over FY25-27.

4. Chalet Hotels:

Thishotel company’s share price rose 3.6% over the past week afterICICI Securities increasedthe target price to Rs 1,017 (from Rs 965 earlier) while retaining its ‘Buy’ call. Chalet Hotels recentlyacquired Mahananda Spa and Resorts in an all-cash deal worth Rs 530 crore. 

This deal adds the Westin Resort & Spa to Chalet Hotels' portfolio. The acquired hotel has 141 rooms, with an expected average room rate of Rs 25,000-30,000 per night. The resort has 45% occupancy and is expected to reach 60% within a year. With the addition of these 141 rooms, the company will have around 3,200. It aims to reach around 5,000 rooms over the next two quarters. 

Chalet Hotels’ revenue grew 21.9% YoY to Rs 457.8 crore inQ3FY25, beatingTrendlyne’s Forecaster estimates by 0.6%. Improvements in the hospitality and rental segments drove growth. Meanwhile, net profit increased 36.7% YoY to Rs 96.5 crore.

During thequarter, the company’s hospitality revenue grew 17% YoY. Chalet Hotels’ revenue per available room (RevPAR) increased 16% to Rs 9,090, while its occupancy reached 70%. The management is optimistic that the company will achieve double-digit RevPAR in FY25. 

Commenting on the future outlook, Managing Director and CEO Sanjay Sethisaid, “Q4 is always better than Q3, and we expect this trend to continue in the coming quarters. For Q1FY26, we see weddings contributing to demand, which was not the case last year, providing an upside. Additionally, we expect corporate travel to remain strong in the coming months.”

ICICI Securities believes the recent acquisition strengthens growth prospects while its expansion plans are on track. The brokerage is optimistic about Chalet's growth, citing its rental expansion, hotel developments, and upcoming projects like the Taj Hotel at Delhi Airport T3, Hyatt Regency Navi Mumbai, and CIGNUS POWAI Tower II. Analysts expect strong industry demand driven by leisure and business travel. The changing preference for branded hotels, a shift of weddings to hotels, and growth in destination weddings also bode well for the hotel operator.

5. Bharti Airtel:

Thistelecom company surged 2.5% on Wednesday following theannouncement of ongoing discussions to merge the Tata Group’s DTH business with its own. This deal is reportedly expected to be structured as a share swap, with Airtel acquiring a majority stake and existing Tata Play shareholders retaining a 45-48% stake in the combined entity.

InQ3, the firm reported revenue growth of 19%, and its net profit surged six times YoY. Both revenue and net profit exceeded Forecaster estimates. The surge in net profit was due to the consolidation of Indus Towers and a lower tax rate. Average revenue per user (ARPU) grew 18% YoY to Rs 245, driven by tariff hikes, and net subscriber addition stood at around 5 million, 50% higher than that of Jio.

Mobile services, whichcontribute most of its revenue, surged 21% YoY as subscribers transitioned from 2G to 4G. Postpaid subscriber growth of 13% YoY and rising ARPU added to the revenue surge. VC and MD Gopal Vittal believes that 80 million subscribers can potentially upgrade to Airtel’s postpaid services, further adding to the growth momentum.

Bharti Airtel incurred 5% lower capex of Rs 7,400 crore in Q3 compared to the same period last year. Vittalsaid, “We are not putting any investments in 4G capacity; all we are doing is a few more 5G radios as we expand and see more devices coming in.” He expects capex to decline this year and further reduce in FY26.

ICICI Securitiesmaintains a ‘Buy’ rating on the stock as it expects Bharti to increase its market share further and narrow its gap with Jio. They also believe that disciplined capital allocation and tight control on capex will improve EBITDA margins by 410bps in FY26. With a target price of Rs 1,925, Bharti Airtel has a potential upside of 22.6%.

Trendlyne's analysts identify stocks that are seeing interesting price movements, analyst calls, or new developments. These are not buy recommendations.

 
Trendlyne Marketwatch
Trendlyne Marketwatch
28 Feb 2025
Market closes lower, Solar Industries bags Rs 2,150 crore export orders for defence products
By Trendlyne Analysis

Nifty 50 closed at 22,124.70 (-420.4, -1.9%), BSE Sensex closed at 73,198.10 (-1,414.3, -1.9%) while the broader Nifty 500 closed at 19,880.90 (-434.7, -2.1%). Market breadth is highly negative. Of the 2,430 stocks traded today, 340 showed gains, and 2,077 showed losses.

Indian indices closed lower with the Nifty 50 closing at 22,124.7 due to the MSCI reshuffle, FII sell-off, and rising US bond yield. The Indian volatility index, Nifty VIX, rose 4.5% and closed at 13.9 points. Granules India closed 8.9% lower as it received a warning letter from the US FDA with an official action indicated (OAI) following an inspection at its Gagillapur facility.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red. Nifty IT and Nifty Auto were among the worst-performing indices of the day. According to Trendlyne’s sector dashboard, Telecom Services emerged as the worst-performing sector of the day, with a fall of 5.1%.

European indices are trading in the red, except the UK’s FTSE 100 index, which is trading 0.2% higher. Major Asian indices closed lower. US index futures are trading lower after President Donald Trump’s announcement that tariffs on Canada and Mexico would proceed as planned.

  • Relative strength index (RSI) indicates that stocks like Sonata Software, TCS, Dr Lal Pathlabs and KNR Construction are in the oversold zone.

  • MPS' board approves raising funds up to Rs 300 crore through the issuance of equity shares. The company plans to do this through one or more public or private offerings, including a qualified institutional placement.

  • Zen Technologies secures a patent for its Automated Hard Kill Firearm Mounting System. The system enhances defense capabilities by autonomously detecting and engaging targets, reducing response times and improving operational efficiency in combat.

  • Angel One falls sharply as it reports a compromise of some Amazon Web Services (AWS) resources and potential unauthorized access to client data. The company has hired an external forensic partner to investigate the impact.

  • The Union Ministry of Ports, Shipping and Waterways establishes regulations to set up jetties and terminals by various entities, including private, public, and joint ventures, on national waterways across the country. This regulation aims to promote the use of inland waterways and increase participation from the private sector. 

  • Anupam Rasayan India is rising as it signs a letter of intent (LoI) with US-based Elementium Materials to supply essential chemicals for an advanced electrolyte used in electric vehicle (EV) batteries. The supply begins by the end of FY26 under a potential five-year agreement valued at $350-450 million (approximately Rs 3,000-4,000 crore).

  • ICICI Securities upgrades AU Small Finance Bank to 'Buy' from 'Hold' with a higher target price of Rs 725 per share. This indicates a potential upside of 30.8%. The brokerage expects the bank to maintain its RoA at 1.6% in FY25 and improve to around 1.8% by FY27, in line with management guidance. It expects the firm's net interest income (NII) to grow at a CAGR of 21.7% over FY25-27.

  • Solar Industries India receives export orders worth Rs 2,150 crore from international clients to supply defence products, with deliveries scheduled over six years.

  • India's Contract Research Development and Manufacturing Organisation sector reportedly requests the government to reduce regulatory bottlenecks and to increase rate of approvals for raw materials imports.

  • KSB rises as its Q3FY25 net profit grows 33.2% YoY to Rs 73.1 crore owing to lower finance costs and inventory destocking. Revenue jumps 21% YoY to Rs 736.6 crore, driven by a higher contribution from the pumps and valves segments. It appears in a screener of stocks with consistently high returns over the past five years.

  • PSP Projects secures work orders worth Rs 1,764.1 crore for various infrastructure and construction projects in Ahmedabad, primarily in the institutional and residential sectors.

  • GE Power India secures an additional Rs 273.5 crore contract from GREENKO KA01 IREP for the Saundatti Hydro project in Karnataka. The contract covers electromechanical work for an additional 320 MW unit at the pumped storage facility.

  • European Commission (EC) President Ursula von der Leyen indicates that the EU is in agreement with the Indian Government to conclude the free trade deal by the end of 2025. The EC and the Indian Government will meet today and tomorrow to highlight key sectors for cooperation as part of the partnership.

  • Granules India plunges as it receives a warning letter from the US FDA with an official action indicated (OAI) following an inspection at its Gagillapur facility.

  • Tata Consultancy Services extends its partnership with Norway’s DNB Bank ASA for five years. TCS continues to support DNB’s digital transformation, application development, security improvements, and innovation.

  • Transrail Lighting rises sharply as it secures orders worth Rs 2,752 crore, mainly in the transmission and distribution (T&D) segment.

  • Analysts at ICICI Bank expect India's GDP to grow by 6.3% in Q3FY25 due to an improvement in rural consumption, agriculture output and an increase in the government's capex and industrial activity. However, lower urban consumption and a decline in real estate activity are expected to dampen growth. The brokerage expects a growth of 6.3% in FY25 and 6.5% in FY26. 

  • Life Insurance Corp of India receives a Rs 479.9 crore demand order for goods & services tax, interest and penalty from the Commissioner of State Tax, Mumbai.

  • Rajoo Engineers' board of directors schedules a meeting for March 4 to consider a proposal to raise funds via a qualified institutional placement (QIP) of equity shares.

  • Coal India is rising as its board of directors approves imposing an additional charge of Rs 300 per tonne across NLC mines. The board estimates an additional revenue of Rs 3,877.5 crore.

  • The Securities and Exchange Board of India (SEBI) appoints Finance Secretary, Tuhin Kanta Pandey, as the new Chairperson for the next three years, replacing Madhabi Puri Buch. 

  • Rail Vikas Nigam receives a letter of acceptance worth Rs 135.7 crore from Central Railway for setting up a 132/55 kV traction substation and related infrastructure in the Bhusaval-Khandwa section. The project, under the EPC mode, supports a 3,000 MT loading target.

  • Mankind Pharma receives approval from the National Company Law Tribunal (NCLT) for the merger of Shree Jee Laboratory, JPR Labs and Jaspack Industries with itself.

  • Schaeffler India is rising as its Q3FY25 net profit grows 13.2% YoY to Rs 237.3 crore, helped by lower finance costs. Revenue jumps 14% YoY to Rs 2,170.9 crore, driven by an improvement in the vehicle lifetime solutions and bearings & industrial solutions segments. It features in a screener of stocks outperforming their industries over the past quarter.

  • Tata Power's subsidiary, TP Solar, secures a Rs 632 crore contract from the Solar Energy Corporation of India (SECI) to supply 292.5 MWp Domestic Content Requirement (DCR) solar modules to a designated site in Ramagiri, Andhra Pradesh.

  • Market sinks in morning trading. Nifty 50 was trading at 22,322.05 (-223, -1.0%) , BSE Sensex was trading at 74,039.40 (-573.0, -0.8%) while the broader Nifty 500 was trading at 20,041.10 (-274.5, -1.4%)

  • Market breadth is highly negative. Of the 1,949 stocks traded today, 193 were on the uptick, and 1,720 were down.

Riding High:

Largecap and midcap gainers today include Star Health and Allied Insurance Company Ltd. (375.30, 3.0%), Phoenix Mills Ltd. (1,548.10, 2.4%) and HDFC Bank Ltd. (1,732.40, 1.9%).

Downers:

Largecap and midcap losers today include Jubilant Foodworks Ltd. (626.10, -6.7%), Indian Railway Finance Corporation Ltd. (112.42, -6.6%) and Jio Financial Services Ltd. (207.61, -6.4%).

Movers and Shakers

55 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Home First Finance Company India Ltd. (1,018.65, 10.1%), Craftsman Automation Ltd. (4,501.85, 7.7%) and Shoppers Stop Ltd. (536.40, 3.8%).

Top high volume losers on BSE were TBO Tek Ltd. (1,200.85, -11.7%), Granules India Ltd. (461.80, -8.9%) and Sun Pharma Advanced Research Company Ltd. (112.39, -7.7%).

Sanofi India Ltd. (5,011.55, 0.5%) was trading at 29.7 times of weekly average. JK Lakshmi Cement Ltd. (671.60, -3.1%) and IndusInd Bank Ltd. (990.10, -5.4%) were trading with volumes 19.6 and 14.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

157 stocks tanked below their 52 week lows.

Stocks making new 52 weeks lows included - 3M India Ltd. (26,297.30, -0.6%) and ACC Ltd. (1,818.55, -0.4%).

4 stocks climbed above their 200 day SMA including Home First Finance Company India Ltd. (1,018.65, 10.1%) and Five-Star Business Finance Ltd. (761.50, 4.2%). 28 stocks slipped below their 200 SMA including Deepak Fertilisers & Petrochemicals Corporation Ltd. (953.15, -7.4%) and Zensar Technologies Ltd. (738.45, -7.4%).

 
Trendlyne Marketwatch
Trendlyne Marketwatch
27 Feb 2025
Market closes flat, SpiceJet reports a net profit of Rs 20.4 crore in Q3FY25
By Trendlyne Analysis

Nifty 50 closed at 22,545.05 (-2.5, 0.0%) , BSE Sensex closed at 74,612.43 (10.3, 0.0%) while the broader Nifty 500 closed at 20,315.55 (-103.2, -0.5%). Market breadth is highly negative. Of the 2,428 stocks traded today, 397 were gainers and 2,004 were losers.

Nifty 50 closed flat after paring gains from the morning session. The Indian volatility index, Nifty VIX, fell 3% and closed at 13.3 points. Companies like Polycab, KEI Industries, and Havells India plunged after UltraTech Cement announced its entry into the wires and cables business with a Rs 1,800 crore investment over two years.

Nifty Smallcap 100 and Nifty Midcap 100 closed lower. Nifty Media and Nifty Alpha 50 Indices were among the top index losers today. According to Trendlyne’s sector dashboard, Telecommunications Equipment emerged as the worst-performing sector of the day, with a fall of 4.1%.

Asian indices closed mixed. European indices are trading lower, except for the UK’s FTSE 100, which is trading higher. US index futures are trading higher, indicating a positive start to the trading session as investors assess quarterly earnings from Nvidia and look ahead to Dell’s results today. Brent crude futures are trading higher as supply concerns grew after Trump revoked Chevron's Venezuela license, affecting its 240,000 barrel per day exports, over a quarter of the country's output.

  • Nestle India sees a long buildup in its February 27 futures series, with open interest increasing by 45% and a put-call ratio of 0.4.

  • ITC is falling as 30.8 crore shares, worth Rs 123.9 crore, reportedly change hands in a block deal at an average price of Rs 401.7 per share.

  • Zydus Wellness falls as its subsidiary, Zydus Wellness Products (ZWPL), receives a GST demand of Rs 56.3 crore from the tax authority. The demand relates to Heinz India's acquisition of intellectual property rights from Heinz Italia S.P.A., now merged with ZWPL.

  • SpiceJet is falling as its Q3FY25 revenue decreases 35.4% YoY to Rs 1,237 crore due to lower contribution from the air transport services, and freighter & logistics services segments. However, it posts a net profit of Rs 20.4 crore in Q3FY25 compared to a net loss of Rs 298.6 crore in Q3FY24, driven by strong passenger demand and improved operational efficiency. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Morgan Stanley reiterates its ‘Overweight’ stance on Titagarh Rail Systems but cuts the target price to Rs 1,090 from Rs 1,300. The brokerage believes that limited freight wheelset supply from Indian Railways may impact earnings. In addition, Vande Bharat passenger projects are facing a nine-month delay due to design changes. This poses near-term execution challenges for Titagarh’s revenue growth.

  • Lemon Tree Hotels signs a license agreement for Lemon Tree Resort in Shirdi, Maharashtra. The hotel, managed by its subsidiary Carnation Hotels, will feature 50 rooms and is expected to open in FY28.

  • BNP Geojit Paribas retains its 'Buy' call on ZF Commercial Vehicle Control System with a lower target price of Rs 13,082 per share. This indicates a potential upside of 20.5%. The brokerage believes the company will grow in the long term owing to economic growth, a wider portfolio, and the government's push on infrastructure development. It expects the firm's revenue to grow at a CAGR of 17.5% over FY25-27.

  • Utkarsh Small Finance Bank's board of directors approves raising Rs 750 crore by issuing equity shares through a qualified institutional placement (QIP) or other securities.

  • NSE data shows Nifty 50 promoters offloaded stakes at a record pace, with ownership hitting a 22-year low of 41.1% in Q3FY25. Many sold as valuations peaked, booking profits before a market correction, with Cipla and Tata Motors seeing the steepest declines.

  • Nuvama Wealth Management falls sharply as Blackstone-backed PE firm PAG reportedly considers options to exit its majority stake of over 54%, valued at $1.2 billion.

  • Emkay reportedly maintains its 'Buy' call on SRF with a target price of Rs 3,250 per share. This indicates a potential upside of 14.3%. The brokerage remains positive on the company as it expects a recovery in the specialty chemicals business due to the stabilisation of existing products.

  • Mastek secures multiple contracts worth $85 million (approximately Rs 741 crore) from a UK public service department. These two-year contracts extend and expand the company’s existing collaboration to improve the department’s digital, data, and technology services.

  • George Alexander, Managing Director of Muthoot Finance, says the opening of new branches will help improve loan growth for the company. He projects an AUM growth of 25-30% in the near term, as well as a 50-60bps reduction in cost of funds for its Belstar business. Muthoot Finance received approval from the Reserve Bank of India to open 115 new branches across India on Wednesday.

  • Godrej Properties sells over 1,398 homes worth Rs 1,000 crore in its newly launched Pune project, Godrej Evergreen Square. The project spans 2.4 million sq. ft. and has an estimated revenue potential of Rs 2,045 crore.

  • Ceigall India is falling as the National Highways Authority of India (NHAI) terminates its Rs 1,071 crore contract for the four-lane Greenfield Amritsar connectivity project.

  • RailTel Corp's consortium bags two orders worth Rs 168.1 crore from the South Central Railway for signalling and communication work related to the provision of an automatic block signalling system from Errupalem to Vijayawada and Innandalur to Renigunta.

  • Bharti Airtel is in discussions with the Tata Group to explore a potential merger between Tata Play’s direct-to-home (DTH) business and Bharti Telemedia. Reports suggest the merger will be via a share swap, boosting Airtel’s non-mobile revenues. Airtel will own 52-55%, while Tata Play shareholders, including Disney, will hold 45-48%.

  • L&T Finance, Bajaj Finance, Shriram Finance, Cholamandalam Investment, and other NBFC stocks rise after the Reserve Bank of India reverses the November 2023 rule imposing an additional 25% risk weight on bank loans. The move reduces capital requirements for lenders, potentially boosting their lending capacity for consumer loans.

  • Paytm partners with Perplexity to add AI-powered search in its app. Users can ask financial questions, explore topics in local languages, and get real-time insights. This move aligns with Paytm’s efforts to expand AI use in digital payments.

  • Varun Beverages falls sharply as it delays the acquisition of SBC Beverages Ghana, valued at $15.1 million (~ RS 1,271 crore), to March 31 from February 28 due to pending regulatory approvals.

  • Ultratech Cement announces its foray into the wires and cables (W&C) segment, investing Rs 1,800 crore to set up a plant in Gujarat over the next two years. CLSA expects the new segment to drive 4x-5x revenue growth with 11-13% margins. The brokerage anticipates that rising competition may hurt sector profitability. It also expects UltraTech to prioritize wires over cables in its new venture.

  • Prestige Estates Projects is falling as the Income Tax Department conducts a search at its registered and branch offices.

  • Glenmark Pharmaceuticals launches epinephrin injection United States Pharmacopeia (USP) multiple dose vials. The injection is a bioequivalent and therapeutically equivalent to BPI Labs' reference listed drug, Epinephrine Injection USP. It has a market size of $42.7 million for the year ending December 2024, according to IQVIA.

  • Jupiter Wagons' specialised wheelset manufacturing arm, Jupiter Tatravagonka Railwheel, secures a contract worth Rs 255 crore from Braithwait & Co. to supply 9,140 wheelsets of 840 mm diameter for 25-tonne axle load applications.

  • Adani Green Energy is rising as its subsidiary, Adani Saur Urja, bags an order from Uttar Pradesh Power Corp (UPPCL) to procure 1,250 MW energy storage capacity from pumped hydro storage projects.

  • Nifty 50 was trading at 22,588.70 (41.2, 0.2%), BSE Sensex was trading at 74,706.60 (104.5, 0.1%) while the broader Nifty 500 was trading at 20,432.15 (13.4, 0.1%).

  • Market breadth is in the red. Of the 1,958 stocks traded today, 807 were gainers and 1,087 were losers.

Riding High:

Largecap and midcap gainers today include Au Small Finance Bank Ltd. (556.70, 6.2%), Shriram Finance Ltd. (606.80, 5.7%) and Cholamandalam Investment & Finance Company Ltd. (1,438.65, 5.2%).

Downers:

Largecap and midcap losers today include Polycab India Ltd. (4,679.55, -18.8%), Havells India Ltd. (1,451.25, -6.2%) and Varun Beverages Ltd. (448.30, -5.9%).

Crowd Puller Stocks

30 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included CreditAccess Grameen Ltd. (971.45, 12.1%), Aether Industries Ltd. (817.75, 6.3%) and Cholamandalam Investment & Finance Company Ltd. (1,438.65, 5.2%).

Top high volume losers on BSE were KEI Industries Ltd. (2,999.05, -21.0%), R R Kabel Ltd. (890.55, -19.8%) and Polycab India Ltd. (4,679.55, -18.8%).

Kirloskar Brothers Ltd. (1,702, 2.0%) was trading at 10.2 times of weekly average. Havells India Ltd. (1,451.25, -6.2%) and Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (489.40, -10.0%) were trading with volumes 9.0 and 8.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

2 stocks hit their 52 week highs, while 81 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Bajaj Finance Ltd. (8,705.40, 2.6%) and Chambal Fertilisers & Chemicals Ltd. (574.75, 1.9%).

Stocks making new 52 weeks lows included - ACC Ltd. (1,825.30, -0.5%) and Alembic Pharmaceuticals Ltd. (776.10, -2.0%).

9 stocks climbed above their 200 day SMA including Shriram Finance Ltd. (606.80, 5.7%) and Bharti Hexacom Ltd. (1,306.10, 4.8%). 17 stocks slipped below their 200 SMA including Jubilant Ingrevia Ltd. (648.40, -5.3%) and Star Cement Ltd. (202.67, -4.6%).