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Trendlyne Marketwatch
Trendlyne Marketwatch
20 Feb 2025
Market closes flat, M&M partners with Anduril to develop AI-driven defence systems
By Trendlyne Analysis

Nifty 50 closed at 22,913.15 (-19.8, -0.1%) , BSE Sensex closed at 75,735.96 (-203.2, -0.3%) while the broader Nifty 500 closed at 20,831.10 (99.7, 0.5%). Market breadth is ticking up strongly. Of the 2,411 stocks traded today, 1,722 were on the uptick, and 659 were down.

Nifty 50 closed flat after switching between gains and losses throughout the day. The Indian volatility index, Nifty VIX, fell 4.8% and closed at 14.6 points. Patanjali Foods surged 1.9% as the Supreme Court nullified a Rs 186 crore tax demand. The ruling upheld earlier decisions by the National Company Law Tribunal and Bombay High Court dismissing the Income Tax Department’s claim.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. Nifty CPSE and BSE Power Indices were among the top index gainers today. According to Trendlyne’s sector dashboard, Telecommunications Equipment emerged as the top-performing sector of the day, with a rise of 3.6%.

Asian indices closed flat or lower, except for Sri Lanka’s CSE All-Share, which closed higher. European indices are trading higher, except for UK’s FTSE 100 and Netherlands’ AEX, which are trading lower. US index futures are trading lower as investors await Walmart’s earnings and assess the Federal Reserve’s latest meeting minutes, which highlight concerns that Trump’s policies could fuel inflation. Brent crude oil futures are trading flat.

  • BSE sees a long buildup in its February 27 futures series, with open interest increasing by 14.1% and a put-call ratio of 0.5.

  • BNP Geojit Paribas upgrades Godrej Properties to 'Hold' from 'Sell' with a lower target price of Rs 2,153 per share. This indicates a potential upside of 3.65. The brokerage remains cautious due to high valuations but expects its revenue to grow as it is well-positioned to capitalise on the strong demand in the premium and luxury segments. It expects the firm's revenue to grow at a CAGR of 37.3% over FY25-27.

  • Tata Power is rising as it partners with Amazon Web Services to use cloud computing, artificial intelligence, and the Internet of Things to accelerate the country’s transition to a greener, smarter, and more consumer-centric energy ecosystem.

  • Adani Group announces a new phase of substantial capital expenditure (capex) growth, with plans to invest over $100 billion (Rs 8 lakh crore) in the next decade. The management highlights that investments will primarily be backed by expanding cash flows, showcasing its improved financial strength and operational resilience, unlike the previous capex cycle that depended heavily on debt.

  • Mahindra & Mahindra rises as it partners with US-based Anduril Industries to develop autonomous maritime systems (AMS) and AI-enabled counter-unmanned aerial systems (CUAS). The collaboration will focus on modular autonomous underwater vehicles and advanced drone threat detection technologies.

  • Intellect Design Arena is rising as its subsidiary bags a multi-year order worth Rs 200 crore from London’s premier market insurance and reinsurance brokerage firm to streamline its insurance policy placement process. The brokerage will utilise Intellect's underwriting ecosystem, including Magic Submission and Xponent solutions built on IntellectAI’s Purple Fabric platform.

  • Larsen & Toubro's minerals & metals (M&M) business vertical secures an order worth Rs 2,500-5,000 crore from Hindalco to set up an 850 KTPA (kilo tonne per annum) greenfield alumina refinery plant in Odisha.

  • Vedanta receives approval from its equity shareholders and creditors for its demerger into five different entities: Vedanta Aluminum, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel & Ferrous Materials, and the existing Vedanta. The demerger, which has obtained no-objection certificates from the BSE and NSE, was initially planned as a six-way split but was revised to five.

  • RateGain Travel Technologies rises sharply as it partners with Thailand’s budget airline Nok Air to enhance pricing strategies using its AI-powered platform, AirGain. The platform analyzes data from 300+ airlines and 50+ online travel agencies (OTAs) to optimize fares and promotions.

  • Orchid Pharma receives Form 483 with seven observations from the US FDA following a surprise inspection at its active pharmaceutical ingredient (API) manufacturing facility in Tamil Nadu.

  • Garden Reach Shipbuilders & Engineers secures a Rs 123.1 crore order from the Ministry of External Affairs, Government of India, for the normal refit of the Mauritius Coast Guard Ship, CGS Barracuda. The warship, built and delivered by GRSE in 2014, is now undergoing refurbishment under this contract.

  • Jefferies suggests that the reciprocal US trade tariffs proposed by US President Donald Trump are unlikely to impact the rupee negatively. However, the brokerage believes these tariffs could impact exports like petrochemicals and pharmaceuticals, which account for about one-fifth of India's exports to the US.

  • Sharekhan retains its 'Buy' call on Marico with a target price of Rs 780 per share. This indicates a potential upside of 21.6%. The brokerage believes that portfolio diversification in the premium foods and personal care products segments will support revenue growth in the long term. It expects the company's revenue to grow at a CAGR of 11.9% over FY25-27.

  • Patanjali Foods announces that the Supreme Court has nullified a Rs 186 crore tax demand related to the pre-corporate insolvency resolution process (CIRP) period. The ruling upholds earlier decisions by the National Company Law Tribunal (NCLT) and Bombay High Court dismissing the Income Tax Department’s claim.

  • India Glycols is rising as it bags an order worth Rs 1,264.2 crore to supply 18.2 crore litres of ethanol to a consortium of Bharat Petroleum Corp, Indian Oil Corp, Hindustan Petroleum Corp, Reliance Industries and Nayara Energy.

  • Cigarette stocks like ITC, VST Industries, and Godfrey Phillips decline around 4% following reports of a potential GST hike on tobacco products by the Centre after the removal of the compensation cess. Currently, cigarettes and other tobacco products are subject to a 28% GST, along with cess and other levies, bringing the total indirect tax to 53%.

  • JBM Auto's subsidiary, JBM Ecolife Mobility, secures a Rs 5,500 crore order under the PM eBus Sewa Scheme-II. The project involves procuring, operating, and maintaining 1,021 electric buses, along with developing electric and civil infrastructure under the gross cost contracting (GCC) model.

  • HFCL is rising as it signs an agreement with Bharat Sanchar Nigam for the BharatNet Phase-III program in the Punjab Telecom Circle. This follows an advance work order worth about Rs 2,501.3 crore. As the project implementation agency, HFCL will lead the project’s execution in Punjab.

  • Servotech Renewable Power System rises as it signs an agreement with France-based Watt & Well SAS to design, manufacture, and sell EV charger components. The agreement will initially develop a 30 kW power module for the Indian EV charging market.

  • Passenger vehicle (PV) manufacturers like Maruti Suzuki India, Hyundai Motor India, Kia India, Tata Motors, and Mahindra & Mahindra (M&M) project single-digit growth for the market in the next financial year (FY26). The car makers attribute this to high repo rates, rupee depreciation, and changing consumer preferences.

  • Rites surges as it signs a memorandum of understanding (MoU) with the Central Water and Power Research Station (CWPRS) under the Ministry of Jal Shakti. The partnership focuses on enhancing engineering consultancy, research, and development in water resources, marine, and inland waterways infrastructure.

  • Waaree Energies is rising as it bags an order from Engie India's arm, Khaba Renewable Energy, to supply solar photovoltaic (PV) modules with a total capacity of 362.5 megawatt-peak (MWp).

  • Cyient is rising as its board appoints Sukamal Banerjee as the new Chief Executive Officer (CEO) and Executive Director for five years, effective February 19.

  • Bharat Forge is rising as its subsidiary, Kalyani Strategic Systems (KSSL), signs a letter of intent (LoI) with US-based AM General to supply Indian-made advanced artillery cannons in the US.

  • Nifty 50 was trading at 22,857.10 (-75.8, -0.3%), BSE Sensex was trading at 75,603.25 (-335.9, -0.4%) while the broader Nifty 500 was trading at 20,660.55 (-70.9, -0.3%).

  • Market breadth is in the red. Of the 1,967 stocks traded today, 894 showed gains, and 1,033 showed losses.

Riding High:

Largecap and midcap gainers today include APL Apollo Tubes Ltd. (1,476.60, 7.0%), NHPC Ltd. (79.80, 6.9%) and Bajaj Holdings & Investment Ltd. (12,454.30, 6.2%).

Downers:

Largecap and midcap losers today include FSN E-Commerce Ventures Ltd. (165.58, -3.0%), HDFC Bank Ltd. (1,687.10, -2.3%) and Maruti Suzuki India Ltd. (12,440.65, -1.9%).

Volume Rockets

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

Top high volume gainers on BSE included Godrej Industries Ltd. (1,011.75, 17.5%), Rajesh Exports Ltd. (185.88, 12.9%) and Piramal Pharma Ltd. (218.51, 9.0%).

Top high volume losers on BSE were JBM Auto Ltd. (609.70, -5.9%), Cyient Ltd. (1,452.55, -1.6%) and Pfizer Ltd. (4,110.05, -0.5%).

Linde India Ltd. (6,173.30, 5.4%) was trading at 12.1 times of weekly average. Amara Raja Energy & Mobility Ltd. (1,045.60, 7.7%) and Just Dial Ltd. (894.50, 6.6%) were trading with volumes 10.9 and 9.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

3 stocks hit their 52 week highs, while 7 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Shree Cements Ltd. (28,600, -0.2%), UPL Ltd. (647.25, -0.4%) and Narayana Hrudayalaya Ltd. (1,404.55, 2.2%).

Stocks making new 52 weeks lows included - Cera Sanitaryware Ltd. (5,945.60, -0.7%) and Grindwell Norton Ltd. (1,540, 0.7%).

15 stocks climbed above their 200 day SMA including Godrej Industries Ltd. (1,011.75, 17.5%) and Piramal Pharma Ltd. (218.51, 9.0%). 6 stocks slipped below their 200 SMA including HCL Technologies Ltd. (1,687.55, -1.5%) and Mazagon Dock Shipbuilders Ltd. (2,154.30, -1.2%).

 
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The Baseline
20 Feb 2025
By Abdullah Shah

With US President Donald Trump imposing retaliatory import tariffs and threatening even more (“It’ll be 25% and higher, and it’ll go very substantially higher over a course of a year”)the world is facing a trade war. Global markets have turned volatile and India’s Nifty 50 index has fallen 1.2% over the past month. 

The ordeal started with President Trump issuing three executive orders on February 1 to impose import tariffs on China, Canada, and Mexico. The US levied a 10% import tariff on all Chinese goods and a 25% duty on imports from Mexico and Canada, effective February 4. However, President Trump delayed the duties on Mexico and Canada for 30 days after reaching deals with them. Trump followed this by imposing another 25% import duty on all steel and aluminium imports, including Canada and Mexico, effective March 12. The duty will also include finished metal products. 

President Trump has indicated further retaliatory tariffs of 25% on imports of automobiles, expected to be rolled out in April 2025 after saying that the EU and India have  unfair taxes on US automobile exports. Trump is also planning  additional 25% import duty on the pharmaceuticals and semiconductor sectors to promote domestic factories in the US. 

With reciprocal tariffs dominating headlines, we look at the countries with the highest tariffs on imports from the US in this chart of the week.

The European Union and India give contrasting responses to the tariffs

In the Union Budget FY26 meeting, India reduced its average import tariff to 10.7% from 11.7% in response to the US's threat of tariffs on pharmaceutical and automotive products. India has reduced customs duties on bourbon whiskey by 50 percentage points to 100% and levies on high-end motorcycles by 20 percentage points to 30%. 

A report by Nomura suggests that even with increased US tariffs from 15-20%, the decline in Indian exports to the US would be approximately 3% to 3.5%. The relatively minor fall is attributed to India's efforts to diversify its export markets, enhance value addition, and develop alternative trade routes. S&P Global Ratings also believes India's economy is more oriented towards domestic products and less reliant on exports, further lowering the effects of tariffs.

The 25% tariffs by the US on steel and aluminium imports will also apply to the European Union (EU) despite the EU signing a free trade agreement with the Biden administration. This is despite European countries like Germany, Ireland, Italy, and France having low import tariffs on US goods due to the US importing a large number of goods from the region. Ireland has an average tariff of 6.5%, while Italy, Germany and France have an import tariff of 2% each. 

European Commission President Ursula von der Leyen said that the EU will take proportionate countermeasures to protect its interests. EU Trade Commissioner Maroš Šefcovic emphasised the potential for these tariffs to fuel inflation and disrupt global trade. The EU is considering various retaliatory measures, including tariffs on iconic American products and potential legal challenges through the World Trade Organization (WTO).

These steel and aluminium tariffs, revoking previous agreements that had allowed tariff-free quotas for UK steel exports, also impact the country’s steel industry. These free trade agreements helped the US with lower import tariffs of 3.8% for US goods in the UK. However, the US is the UK's second-largest steel export market, with approximately 2 lakh tonnes of steel, valued at over £400 million, exported annually. The reintroduction of these tariffs will promote domestic steel production in the US but poses a substantial threat to the UK's steel industry, potentially leading to decreased exports and financial losses. 

China and Canada respond to the US tariffs

After Trump announced the tariffs, Canada responded on February 3 with President Justin Trudeau imposing a 25% duty on imports of all US goods. This was followed by Mexico’s President Claudia Sheinbaum taking tariff and non-tariff measures in defense of Mexico’s interests. 

The moves prompted President Trump to hold talks with the two countries and delay the implementation of the tariffs on Mexico and Canada by 30 days. 

The tariffs will put pressure on consumer prices, contributing to inflation in the US. Federal Reserve officials have expressed concerns that these trade policies could disrupt supply chains and increase costs for businesses and consumers. 

Speaking on the tariffs on Mexico and Canada, the US National Association of Manufacturers President and CEO Jay Timmons said, “A 25% tariff on Canada and Mexico threatens to destroy the very supply chains that have made US manufacturing more competitive globally. Manufacturers will bear the brunt of these tariffs, undermining our ability to sell our products competitively and putting American jobs at risk.”

In response to the US levies, the Chinese Finance Ministry announced a 15% tariff on coal and liquefied natural gas and 10% on crude oil, farm equipment, large-displacement vehicles and pickup trucks from the US. While announcing the tariffs, the Finance Ministry stated, “The unilateral imposition of tariffs by the US seriously violates the rules of the World Trade Organization. It is not only unhelpful in solving its own problems but also damages economic and trade cooperation between China and the US.”

China has also applied export restrictions on critical minerals, such as tungsten, tellurium, ruthenium, molybdenum, and ruthenium-related items.

 
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The Baseline
20 Feb 2025
How pessimistic are Indian CEOs after a weak Q3? | Screener: Multibagger stocks that are beating the bears

When it comes to growth predictions, the biggest optimist in the mix is not the investor or the analyst, but the company management. The CEO rides or dies on the basis of how their company performs. So they can't help wearing rose-colored glasses.

But the Q3 results came out in a pretty bearish market, and have disappointed. Nearly half of the companies announced negative or neutral profit growth. Average revenue growth across the universe is in the low single digits. It's hard to be cheerful in the face of these numbers. 

We take a closer look at what the management focused on, in this results season's earnings calls. CEOs are battling weak domestic demand, rising trade barriers from a confrontational Trump White House, and a slowing global economy. A rising dollar - as Trump keeps talking up reciprocal tariffs - is not helping.  

In this week's Analyticks:

  • Mood Tracker: What are the risks and opportunities CEOs are talking about in earnings calls?
  • Screener: Multibagger stocks that are still beating the bear market

Let's take the temperature.

It's hot under the collar: CEOs discuss their biggest risks

The problem? CEOs talk a lot. The solution? Trendlyne's Discover, which allowed me to search for specific comments and phrases across all earnings calls. This tool saved me a lot of time this week. I didn't have to wade through every line of each earnings call, while my eyesight suffered, my family fell apart and my cat escaped. Instead, my cat is happily sunbathing (proof) while I bring you this data.

When we look at CEO commentary across earnings calls, management is pointing to a challenging economic environment.  

Nikhil Sohoni, CFO at Blue Star, noted that margins have been impacted across key segments, and "we expect the revival to happen only slowly, over the next year." Some industries like cement saw temporary regional weaknesses, like in South India, where prices were depressed since price revisions happen in December. But in most industries, the twin problems of low demand and rising costs are not expected to resolve by Q4. 

The twin monsters of Trump tariffs and inflation

The new US administration has  arrived with the intention to shake things up. President Trump is firing federal workers, letting Elon Musk comb through government databases, and threatening tariffs against major trade partners.

Joe Biden rarely got a mention from Indian CEOs. But Donald Trump looms large in the discussions, especially with major export players, from electronics to auto. 

For CEOs, a worry that comes from Trump tariffs is trouble closing deals. Trump has been making threats with long timelines, where tariffs get imposed in March or April this year. K Natarajan, MD of Galaxy Surfactants, noted that some deal talks have frozen in place as a result, with customers saying that they "want to wait and watch" to see what kind of tariffs get implemented.

The other challenge is in having to realign supply chains. CEOs note that while tariffs will be passed on to customers, companies will have to work to minimize their effects over time. "For the short term, Trump tariffs will have to be passed on to the market," Nikhil Kumar, MD of TD Power says. "In the longer term, we will have to see where we can manufacture where the duties will not apply." 

Other threats, like inflation and rising debt, were mainly raised by CEOs in response to questions from analysts. Many are counting on inflation and interest rates coming down over the next few quarters, making these less of a threat compared to a trade war.

CEO commentary suggests that most think that the worst is behind them. Analysts may discount such optimism, but the management is pointing to lower inflation, and indicators showing recovering manufacturing and services activity. Companies are also responding with new product and capacity investments.

Some industries are also benefiting from growing export markets, despite the broader headwinds. GE Vernova T&D has for instance, seen a rise in large deals from Europe in the energy and utilities sector, as energy transition investments in the EU ramp up.  

The biggest opportunities in specific industries are getting mentions from multiple CEOs. GLP - weight loss drugs - is one of the biggest, with a stream of generic drugs coming in from Indian pharma as patents start to expire in 2026 in Asia and Africa. The electric vehicles ecosystem has also been a strong deals pipeline for auto and auto component manufacturers, even as tariffs loom.

But while areas like defence spending still remain high and lucrative, opportunities like large infrastructure projects may be slowing down. "NHAI projects have become competitively very crowded", the MD of Afcons Infrastructure says, "So we are mainly looking into state level proposals now."

CEOs are hoping that the tax cuts from the Budget will boost domestic demand, and the new RBI leadership will drive interest rate cuts. But for management, uncertainty is the real growth killer. Tariffs now are better than the promise of tariffs later, since the second freezes companies and customers in place. Once the US administration finally drops the hammer, Indian CEOs can make their moves. 

Screener: Multibagger stocks which are rising in the past quarter

Beating the bears: Pharma, metals stocks are among the big gainers

The Indian equity markets have seen a massive sell-off of Rs 63,641.1 crore by foreign investors over the past month after threats of import tariffs from President Donald Trump, resulting in the Nifty 50 falling by 1.5%. In this volatile market, we look at multibagger stocks which have continued their share price growth. This screener shows multibagger stocks rising in the past quarter despite a negative sentiment in the market.

The screener is dominated by stocks from the pharmaceuticals & biotechnology, general industrials, banking & finance, food, beverages & tobacco, and consumer durables sectors. Most notable stocks in the screener are PG Electroplast, Shakti Pumps (India), Wockhardt, Godfrey Phillips India, BSE, Blue Jet Healthcare, Sarda Energy & Minerals, and Lloyds Metals & Energy. 

PG Electroplast features in the screener after rising 318.5% in the past year. This consumer electronics company has continued this trend in recent months, rising 24.5% in the past quarter after posting positive results in Q3FY25. Its revenue and net profit grew by 81.6% YoY to Rs 974.9 crore and 106.2% YoY to Rs 39.5 crore, respectively. 

Higher sales of air conditioners and washing machines contributed to revenue growth. The company’s stock price also surged after signing an agreement with Whirlpool of India on December 24, 2024. PG Electroplast will manufacture some of the stock-keeping units (SKUs) for semi-automatic watching machines for Whirlpool at its facility in Roorkee. 

Shakti Pumps has risen 189.5% in the last year. This industrial machinery company’s stock price increased by 11.3% in the past quarter, driven by strong Q3FY25 results. Its revenue grew by 31.3% YoY to Rs 652.7 crore on the back of an improvement in sales in the domestic market. On the other hand, net profit increased by 130.2% YoY to Rs 104.1 crore, owing to deferred tax returns during the quarter. 

The company’s stock price also got a boost after it entered a partnership with ReNew Photovoltaic on February 3 to supply a domestic content requirement (DCR) cell-based solar module worth Rs 1,300 crore. Its board of directors also approved raising Rs 400 crore by issuing equity shares through a qualified institutional placement (QIP) in January.

You can find some popular screeners here.

 
Trendlyne Marketwatch
Trendlyne Marketwatch
19 Feb 2025
Market closes flat, Arkade Developers bags a redevelopment project with a GDV of Rs 740 crore
By Trendlyne Analysis

Nifty 50 closed at 22,932.90 (-12.4, -0.1%), BSE Sensex closed at 75,939.18 (-28.2, 0.0%) while the broader Nifty 500 closed at 20,731.45 (120.1, 0.6%). Market breadth is overwhelmingly positive. Of the 2,422 stocks traded today, 1,838 were gainers and 562 were losers.

Indian indices closed flat after paring gains in the afternoon session. The Indian volatility index, Nifty VIX, fell 1.6% and closed at 15.4 points. Rail Vikas Nigam closed 13.1% higher after securing an order worth Rs 554.5 crore from Rail Infrastructure Development Company (Karnataka) to build nine stations for the Bengaluru Suburban Rail Project.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green. BSE Capital Goods and BSE Consumer Durables were among the best-performing indices of the day. According to Trendlyne’s sector dashboard, Telecommunications Equipment emerged as the highest-performing sector of the day, with a rise of 4.3%.

European indices are trading in the red. Major Asian indices closed mixed. US index futures are trading flat in anticipation of the rates being unchanged at the Fed meeting later today. HSBC Holdings, Analog Devices, Carvana, Manulife Financial Corp, and ENI SpA. are set to report their earnings later today.

  • Relative strength index (RSI) indicates that stocks like Carborundum Universal, Whirlpool of India, G R Infraprojects, and Atul are in the oversold zone.

  • Geojit BNP Paribas maintains its 'Buy' call on Bajaj Finance with a target price of Rs 9,521 per share. This indicates a potential upside of 12.9%. The brokerage expects the company's asset quality to remain stable and the Airtel partnership to drive customer growth. It expects the firm's net interest income (NII) to grow at a CAGR of 20.2% over FY25-27.

  • Netweb Technologies rises to its 10% upper limit as it launches Skylus.ai, a platform for managing graphics processing unit (GPU) resources across different vendors. It helps organizations optimize GPU and central processing unit (CPU) usage for artificial intelligence and generative AI workloads while reducing costs.

  • Tata Consultancy Services (TCS) partners with MassRobotics to drive robotics innovation in North America. TCS will collaborate with startups, researchers, and industry experts to explore applications across retail, travel, transportation, hospitality, and consumer goods.

  • According to NSE data, DIIs have invested Rs 1.2 lakh crore in equities since January, while FIIs sold shares worth Rs 1.1 lakh crore. Jefferies warns that the steady inflow of retail funds into India’s equity mutual funds may slow as market returns weaken, potentially impacting Asia’s fourth-largest equity market.

  • Lemon Tree Hotels surges as it signs a license agreement for a new hotel for its Red Fox by Lemon Tree Hotels property in Bhopal, Madhya Pradesh, set to open in FY27. Lemon Tree's wholly-owned subsidiary, Carnation Hotels, will manage the property.

  • Ashok Leyland secures a Rs 297.9 crore order to supply 320 BS VI diesel low-floor buses to Tamil Nadu State Transport Corp (TNSTC). The buses will feature iGen 6 BS VI technology, with deliveries scheduled between June and August 2025.

  • Anand Rathi maintains its 'Buy' call on MOIL with a target price of Rs 400 per share. This indicates a potential upside of 28.6%. The brokerage believes the company is well-positioned to capitalise on the country's steel growth owing to its strong market share, higher-quality ore, and strategic mine locations. It expects the firm's revenue to grow at a CAGR of 24.9% over FY25-27.

  • Nuvama Alternative & Quantitative Research expects Zomato and Jio Financial Services will enter the Nifty 50 in the March 2025 reshuffle, with estimated inflows of Rs 5,25,000 crore ($631 million) and Rs 2,65,000 crore ($320 million), respectively. The firm believes these stocks will replace BPCL and Britannia in the benchmark index.

  • Arkade Developers is rising as it secures the redevelopment rights for Nutan Ayojan, a co-operative housing society in Malad West, Mumbai, with an estimated gross development value (GDV) of Rs 740 crore.

  • Container Corporation of India rises as it awards a Rs 689.8 crore contract to Braithwaite & Co. to manufacture and supply 30 BLSS (spine car) rakes, with deliveries set for completion by August 11.

  • NAVA is rising as its board approves a Rs 360 crore buyback of 72 lakh equity shares at Rs 500 per share. It sets February 28 as the record date for the buyback.

  • A State Bank of India report highlights that India's economy has demonstrated resilience despite global uncertainties. SBI forecasts the GDP growth for Q3FY25 to range between 6.2-6.3%, supported by high-frequency indicators. A stable rural economy, steady wage growth, and robust agricultural performance drive the positive outlook.

  • Tata Steel is rising as it receives approval from the Neath Port Talbot Council to set up an electric arc furnace for steelmaking in Port Talbot. The company expects the facility to be operational by the end of 2027.

  • Larsen & Toubro rises as it acquires the remaining 26% stake in L&T Special Steels and Heavy Forgings from Nuclear Power Corp of India (NPCIL) for Rs 170 crore, making it a wholly-owned subsidiary.

  • Mahindra Lifespace Developers is rising as it partners with Livingstone Infra for a cluster redevelopment project in Mahalaxmi, Mumbai, with an estimated gross development value (GDV) of Rs 1,650 crore.

  • Defence stocks like DCX Systems, Zen Technologies, and Data Patterns (India) rise after Defence Secretary Rajesh Kumar Singh announced relaxations in the FDI (Foreign Direct Investment) policy and industrial licensing to boost sector growth. He also emphasizes the need for an annual expenditure of Rs 2,40,000 crore ($30 billion) over the next decade to modernise India's defence forces.

  • Aurobindo Pharma is falling sharply as it receives five observations from the US FDA following a pre-approval inspection (PAI) at Eugia Steriles in Andhra Pradesh.

  • Hexaware Technologies' shares debut on the bourses at a 5.3% premium to the issue price of Rs 708. The Rs 8,750 crore IPO received bids for 2.7 times the total shares on offer.

  • Ami Organics is rising as its board of directors schedules a meeting on February 21 to consider a proposal for the sub-division / split of equity shares.

  • Macquarie forecasts a 14% CAGR growth for the CRDMO (contract research, development, and manufacturing) sector, reaching approximately Rs 1,16,000 crore ($14 billion) by FY28. Additionally, it believes the US Biosecure Act will boost growth in the Indian CDMO sector into the late teens. The brokerage names Divi’s Labs and Suven Pharma as its top picks, citing strong margin expansion prospects. It initiates an 'Outperform' rating for both companies, setting target prices of Rs 4,700 and Rs 1,500, respectively.

  • Cipla invests ZAR 900 million (~Rs 424.9 crore) in its subsidiary, Cipla Medpro South Africa Proprietary, for 4.1 crore shares.

  • Transformers & Rectifiers (India) is rising as it secures an order worth Rs 166.5 crore from Hyosung T&D India to manufacture and supply single-phase coupling transformers and single-phase transformers for Tariff-Based Competitive Bidding (TBCB) projects.

  • Piramal Pharma is falling as it receives Form 483 with six observations from the US FDA after conducting a good manufacturing practices (GMP) inspection at its Turbhe facility.

  • Rail Vikas Nigam is rising as it secures an order worth Rs 554.5 crore from Rail Infrastructure Development Company (Karnataka) to build nine stations for the Bengaluru Suburban Rail Project. The work includes civil construction, foot overbridges, roofing, and electrical and mechanical installations.

  • Nifty 50 was trading at 22,859.25 (-86.1, -0.4%), BSE Sensex was trading at 75,640.68 (-326.7, -0.4%) while the broader Nifty 500 was trading at 20,546.65 (-64.8, -0.3%)

  • Market breadth is in the green. Of the 1,941 stocks traded today, 1,122 showed gains, and 771 showed losses.

Riding High:

Largecap and midcap gainers today include Rail Vikas Nigam Ltd. (376.85, 13.1%), Mazagon Dock Shipbuilders Ltd. (2,180.10, 11.1%) and Suzlon Energy Ltd. (54.16, 7.0%).

Downers:

Largecap and midcap losers today include Adani Green Energy Ltd. (864.70, -3.7%), LTIMindtree Ltd. (5,470.10, -3.5%) and Phoenix Mills Ltd. (1,554.30, -2.9%).

Movers and Shakers

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

Top high volume gainers on BSE included Bikaji Foods International Ltd. (656.15, 15.4%), Aegis Logistics Ltd. (761.30, 14.8%) and Tata Investment Corporation Ltd. (5,944.45, 13.6%).

Top high volume losers on BSE were Zydus Lifesciences Ltd. (891.45, -2.5%) and Aurobindo Pharma Ltd. (1,135.20, -2.4%).

TTK Prestige Ltd. (693.65, 2.3%) was trading at 15.8 times of weekly average. Minda Corporation Ltd. (548.05, 9.3%) and Data Patterns (India) Ltd. (1,544.85, 8.5%) were trading with volumes 9.9 and 8.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

3 stocks overperformed with 52 week highs, while 36 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Kotak Mahindra Bank Ltd. (1,985, 1.1%), Shree Cements Ltd. (28,655.15, 1.0%) and UPL Ltd. (650.05, 3.1%).

Stocks making new 52 weeks lows included - Bharat Heavy Electricals Ltd. (195.09, 4.6%) and Zydus Lifesciences Ltd. (891.45, -2.5%).

17 stocks climbed above their 200 day SMA including Aegis Logistics Ltd. (761.30, 14.8%) and Mazagon Dock Shipbuilders Ltd. (2,180.10, 11.1%). 6 stocks slipped below their 200 SMA including Crisil Ltd. (4,706.70, -3.4%) and Jubilant Pharmova Ltd. (968.45, -3.4%).

 
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The Baseline
18 Feb 2025
Five stocks to buy from analysts this week - February 18, 2025
By Divyansh Pokharna

1. United Breweries:

Anand Rathi maintains its ‘Buy’ rating on this breweries & distilleries company with a target price of Rs 2,610, indicating a potential upside of 29%. Telangana recently announced a 15% price hike on beer, following a pause in supply from UB. The company had suspended supplies to Telangana Beverages Corp due to losses from unchanged base prices for two years. The state's price hike now enables the company to resume sales with better margins.

United Breweries holds a 70% market share in Telangana's beer market, contributing around 15% to its revenue. Analyst Ajay Thakur expects a 2% rise in revenue and a 200 bps improvement in margins due to this price hike.

United Breweries is focusing on cost-saving initiatives, some of which will incur upfront costs in FY25. Thakur highlights that these efforts are expected to result in annual fixed cost savings of 1.5–3%. Thakur projects a 380 bps expansion in EBITDA margin from these.

Thakur also expects a strong start to seasonal sales, as reports suggest a hot summer. He said, “Last year, multiple election phases negatively impacted the sales of beer and alcoholic beverages, but this won’t be the case this time, allowing for better capture of seasonal demand.” He has factored in an 11.5% revenue CAGR over FY25-27.

2. Fortis Healthcare:

Prabhudas Lilladhar maintains a ‘Buy’ rating on this healthcare facilities company with a target price of Rs 760, indicating an upside potential of 25.8%. The company’s Q3FY25 net profit rose 84.1% YoY to Rs 247.9 crore, aided by a Rs 23.5 crore exceptional gain from the sale of its Richmond Road facility in Bangalore in December 2024. Revenue increased 14.8% YoY to Rs 1,928.3 crore.

Analysts Param Desai and Sanketa Kohale highlight that the hospital business revenue grew 17% YoY to Rs 1,620 crore, supported by higher occupancy and an improved average revenue per occupied bed (ARPOB). Occupancy rose to 67% from 64% in Q3FY24, while ARPOB increased 10% YoY to Rs 67,100, driven by a favorable case mix and price revisions in February 2024.

The analysts note that the company plans to add 400 brownfield beds at Fortis Memorial Research Institute, Faridabad, and Noida by FY26. Of its 350 planned greenfield beds in Manesar, 50 are operational, with another 50 expected by March 2025. Management targets 350-400 brownfield bed additions annually for two years. Desai and Kohale expect a CAGR of 13.2% in sales, 19.7% in EBITDA, and 21.7% in net profit over FY25-27.

3. Eicher Motors:

Emkay maintains a ‘Buy’ rating on this motorcycle manufacturer with a target price of Rs 6,100. This indicates an upside potential of 29.3%. Eicher Motors’ Q3FY25 net profit grew 17.5% YoY to Rs 1,170.5 crore. Revenue increased 18.7% YoY to Rs 5,261.9 crore, helped by higher two-wheeler and commercial vehicle sales.

Analysts Chirag Jain, Jaimin Desai and others note the company achieved 17% volume growth in Q3FY25, outperforming the industry, thanks to new product launches like the Battalion Black Edition of the Classic 350 and Hunter 350. Royal Enfield’s domestic motorcycle market share increased to 8%, a 1.1% YoY rise. Eicher Motors also increased brand awareness with targeted marketing spends (~Rs 70 crore), which helped drive demand.

The analysts highlight that the company expects to reduce discounts and increase prices due to new emission rules (OBD2 Phase B), which require higher manufacturing costs. With strong government capex support, the company is on track to meet its FY25 capex target of Rs 1,000 crore. They expect a CAGR growth of 12.8% in revenue, 13.9% in net profit, and 8.9% in Royal Enfield volumes over FY25-27.

4. Va Tech Wabag:

Axis Direct maintains a ‘Buy’ rating on this non-electrical utilities firm with a target price of Rs 1,970. This indicates a potential upside of 51.7%. The company has secured new orders worth over Rs 2,781 crore in Q3FY25, taking its total order book to around Rs 14,200 crore. It also recently won a Rs 3,251 crore consortium order for the Al Haer Independent Sewage Treatment Plant in Saudi Arabia. Analysts Sani Vishe and Shivani More expect the company to surpass its Rs 16,000 crore order book target by the end of FY25.

The company reported a 15% YoY growth in revenue to Rs 811 crore in Q3. EBITDA margin stood at 12.4%. The company’s management noted that margins were lower during the quarter due to project-specific variations, but expects improvement in the medium term. EBITDA margins are projected to be in the 13-15% range, possibly exceeding the upper limit. They are confident of a stronger performance in Q4, as it is typically the best quarter of the year in terms of performance.

Vishe and More are upbeat about Va Tech's focus on expanding its share of higher-margin international, industrial, and operations and maintenance (O&M) contracts. They believe the company's strong order book, which provides revenue visibility for the next 3-4 years, particularly from international projects, will help it achieve its targeted margins.

5. EPL:

Motilal Oswal reiterates its ‘Buy’ rating on this packaging firm with a target price of Rs 300. This indicates a potential upside of 20.8%. In Q3FY25, the company’s revenue grew 4% YoY to Rs 1,010 crore. EBITDA margin increased by 107 bps to 19.9%, helped by better margins in the Americas and Europe. The company’s management expects these strong margins to continue, supported by demand in Brazil, which is prompting the company to accelerate its capacity expansion in the region.

Analysts Sumant Kumar, Meet Jain, and Nirvik Saini noted that potential tariffs do not impact the company’s US operations as it manufactures locally and sources laminates from India. If China faces trade restrictions, EPL could gain market share. Additionally, EPL is establishing a beauty & cosmetics manufacturing facility in Thailand to improve delivery speed and localization. The company is targeting a market of 150 crore units annually and plans to expand into Indonesia, Vietnam, and Malaysia.

The company’s Q3 financials were impacted by currency devaluation in Brazil and Egypt. However, the management expects forex fluctuations to balance out over time, and anticipates some reversal of forex losses in Q4.

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

(You can find all analyst picks here)

 
Trendlyne Marketwatch
Trendlyne Marketwatch
18 Feb 2025
Market closes flat, KIMS signs a 7-year agreement with UAIMS Hospital to provide medical services
By Trendlyne Analysis

Nifty 50 closed at 22,945.30 (-14.2, -0.1%) , BSE Sensex closed at 75,967.39 (-29.5, 0.0%) while the broader Nifty 500 closed at 20,611.40 (-41.0, -0.2%). Market breadth is sharply down. Of the 2,410 stocks traded today, 489 showed gains, and 1,893 showed losses.

Indian indices closed flat, with the benchmark Nifty 50 index closing at 22,945.3 points. The Indian volatility index, Nifty VIX, fell 0.4% and closed at 15.7 points. Bharti Airtel closed lower as its promoter, Indian Continent Investment, sold 5.1 crore shares (0.9% stake) worth Rs 8,475 crore through a block deal.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red. Nifty Consumer Durables and Nifty Auto closed lower. According to Trendlyne’s sector dashboard, Hardware Technology & Equipment emerged as the worst-performing sector of the day, with a fall of 4.4%.

European indices are trading mixed. Major Asian indices closed mixed. US index futures are trading higher, indicating a positive start to the trading session. Southwest Airlines announced plans to cut about 15% of corporate jobs, marking its first major layoff, as part of its cost-cutting efforts. Arista Networks, Medtronic, Occidental Petroleum, and Baidu are set to report their earnings later today.

  • Money flow index (MFI) indicates that Godfrey Phillips India is in the overbought zone.

  • Zomato is rising as it launches Nugget, an AI-based customer support platform. Developed in-house over three years, it helps businesses automate customer support cost-effectively without the need for complex workflows or development teams. The platform resolves up to 80% of queries and improves responses as it learns.

  • TVS Supply Chain Solutions rises sharply as TVS Motor buys a stake following Allanzers Fin Net's sale of 20 lakh shares at Rs 128.9 per share in a block deal.

  • Pradeep Kheruka, Executive Chairman of Borosil Renewables, highlights that the company's Q3FY25 EBITDA declined primarily due to lower sales realization. However, he believes that the provisional duty received from the Government on December 5 will help improve Q4FY25 margins to around 25-30%.

  • Axis Direct retains its 'Buy' call on Kalpataru Projects International with a lower target price of Rs 1,350 per share. This indicates a potential upside of 49.4%. The brokerage believes the company is well-positioned for revenue and margin growth owing to strong order execution and growth across all segments. It expects the firm's revenue to grow at a CAGR of 18.2% over FY25-27.

  • Biocon's subsidiary, Biocon Biologics, receives marketing authorization in the European Union (EU) for Yesintek, a biosimilar of Ustekinumab, used to treat adults with psoriatic arthritis or Crohn’s disease. The European market for this drug is valued at approximately €2.5 billion (around Rs 22,749 crore).

  • LTIMindtree is rising as it partners with Eurobank for a multi-year banking technology programme. The collaboration aims to streamline operations and innovate IT solutions for Eurobank and its subsidiaries, with LTIMindtree providing support services and modernising technology in Cyprus, Luxembourg, and Greece.

  • Pankaj Gadgil, Managing Director & CEO of Aditya Birla Housing Finance, highlights that the company is exploring ways to pass on rate cut benefits to consumers, though the process is complex. Operational efficiencies may reduce costs, but rising credit expenses could offset savings. The company’s borrowings comprise 35% term loans, 39% NCDs, 14% NHB, and a small share of the short-term money market. Gadgil adds that banks need to lower their rates so that housing finance firms can benefit from a repo rate cut.

  • One97 Communications (Paytm) partners with SBI Mutual Fund to launch JanNivesh Rs 250 systematic investment plan (SIP), offering flexible contribution options (daily, weekly, or monthly) to meet diverse financial needs and preferences for investors.

  • Anant Raj's wholly owned subsidiary, Anant Raj Cloud, signs an agreement with CSC Data Services (CDSIL) to jointly offer and promote Rack Rental Business (Co-location Data Center) and Cloud Services to various government departments and private organizations.

  • Choice International's subsidiary, Choice Equity Broking, acquires a 100% stake in Arete Capital Services. Arete Capital is a wealth management firm with assets under management (AUM) of Rs 5,151 crore, helping Choice Equity's AUM to increase 5.7x to Rs 6,241 crore.

  • The Ministries of Heavy Industries (MHI) and New & Renewable Energy (MNRE) award the PLI scheme for advanced chemistry cells to Reliance Industries' arm, Reliance New Energy Battery, for 10 GWH ACC capacity. The PLI-ACC scheme, launched in 2021 with a budget of Rs 18,100 crore, aims to establish 50 GWh of ACC battery manufacturing capacity in India.

  • Bharti Airtel is falling as its promoter, Indian Continent Investment, sells 5.1 crore shares (0.9% stake) worth Rs 8,475 crore in a block deal.

  • Ventura maintains its 'Buy' call on Indus Towers with a higher target price of Rs 450 per share. This indicates a potential upside of 35.4%. The brokerage expects the company's revenue to grow due to new tower additions, improved collections, and continued network expansion. It expects the firm's revenue to grow at a CAGR of 10.4% over FY25-27.

  • GMR Airports is rising as its passenger traffic increases 11% YoY to 1.1 crore in January, while aircraft movements grow by 9% YoY to 63,767.

  • Titan is reportedly in talks with Qatar's Mannai Corporation to acquire a major stake in Damas Jewellery, a leading retailer in West Asia. The discussions are focused on Damas's valuation, estimated at Rs 4,500 crore (around $518 million), but the two parties have not yet agreed on terms.

  • Krishna Institute of Medical Sciences (KIMS) signs a seven-year operations and management agreement with Ushahkal Abhinav Institute of Medical Sciences (UAIMS Hospital) in Sangli, Maharashtra. KIMS will exclusively provide medical services for the hospital’s current and future operations.

  • Power Grid Corp of India secures two interstate transmission projects on a build, own, operate, and transfer (BOOT) basis. The first project in Karnataka includes new pooling substations in Davangere, Chitradurga, and Bellary, along with transmission lines and upgrades. The second project in Rajasthan involves ICT augmentation at substations in Fatehgarh-II, Fatehgarh-IV, and Barmer-I.

  • Zaggle Prepaid Ocean Services enters a five-year strategic partnership with Redington to develop employee benefits solutions for its corporate clients.

  • Zen Technologies declines over 10% as Chairman & MD Ashok Alturi maintains his FY25 revenue guidance of Rs 900 crore. However, he expresses confidence in achieving an EBITDA margin of 35% and a PAT margin of 25% for FY25. Alturi adds that the acquisition of Applied Research International (ARI) would result in its revenue doubling to Rs 180 crore in three years, up from Rs 90 crore.

  • Patel Engineering's joint venture (JV) secures an order worth Rs 1,090.5 crore from Maharashtra Krishna Valley Development Corporation, Pune, to build a pipeline distribution network for the Nira Deoghar Right Bank Main Canal and its branches. The project includes excavation, refilling, laying pipes, installing valves and chambers, testing the pipeline, and a five-year operations and maintenance period after completion.

  • Uno Minda is rising as it forms a joint venture (JV) with Uno Minda Auto Innovations, Suzhou lnovance Automotive, and lnovance Automotive (HK) Investment to manufacture powertrain components for electric passenger and commercial vehicles.

  • SBI Cards and Payment Services' board appoints Salila Pande as the new Managing Director (MD) and Chief Executive Officer (CEO), succeeding Abhijit Chakravorty, for two years, effective April 1.

  • ABB India rises sharply as its Q3FY25 net profit jumps 56% YoY to Rs 528.4 crore, helped by inventory destocking and lower finance costs. Revenue grows 22% YoY to Rs 3,364.9 crore, driven by improvements in the robotics & discrete automation, motion, and electrification segments. It features in a screener of stocks with increasing return on equity (RoE) over the past two years.

  • Nifty 50 was trading at 22,915.90 (-43.6, -0.2%), BSE Sensex was trading at 75,968.59 (-28.3, 0.0%) while the broader Nifty 500 was trading at 20,621.05 (-31.3, -0.2%).

  • Market breadth is even. Of the 1,952 stocks traded today, 976 were on the uptrend, and 925 went down.

Riding High:

Largecap and midcap gainers today include Adani Wilmar Ltd. (256.25, 8.7%), GlaxoSmithKline Pharmaceuticals Ltd. (2,536.85, 8.4%) and Thermax Ltd. (3,211.75, 6.7%).

Downers:

Largecap and midcap losers today include Mazagon Dock Shipbuilders Ltd. (1,961.75, -5.8%), Hindustan Aeronautics Ltd. (3,344.60, -3.8%) and Au Small Finance Bank Ltd. (502.40, -3.8%).

Movers and Shakers

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

Top high volume gainers on BSE included Gillette India Ltd. (8,229.85, 10.4%), NLC India Ltd. (226.87, 9.0%) and GlaxoSmithKline Pharmaceuticals Ltd. (2,536.85, 8.4%).

Top high volume losers on BSE were Usha Martin Ltd. (291, -4.7%), RHI Magnesita India Ltd. (382.60, -4.2%) and ACC Ltd. (1,874.45, -1.9%).

ABB India Ltd. (5,142.05, -1.9%) was trading at 12.7 times of weekly average. Syngene International Ltd. (700.40, -0.1%) and Five-Star Business Finance Ltd. (693.50, 1.2%) were trading with volumes 6.9 and 4.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

83 stocks were underachievers and hit their 52 week lows.

Stocks making new 52 weeks lows included - ACC Ltd. (1,874.45, -1.9%) and Bharat Heavy Electricals Ltd. (186.57, -3.6%).

8 stocks climbed above their 200 day SMA including Gillette India Ltd. (8,229.85, 10.4%) and GlaxoSmithKline Pharmaceuticals Ltd. (2,536.85, 8.4%). 9 stocks slipped below their 200 SMA including PTC Industries Ltd. (10,734.65, -10%) and Mazagon Dock Shipbuilders Ltd. (1,961.75, -5.8%).

 
Trendlyne Marketwatch
Trendlyne Marketwatch
17 Feb 2025
Market closes flat, EMS bags an order worth Rs 273 crore for civil and MEP works
By Trendlyne Analysis

Nifty 50 closed at 22,959.50 (30.3, 0.1%), BSE Sensex closed at 75,996.86 (57.7, 0.1%) while the broader Nifty 500 closed at 20,652.35 (19.3, 0.1%). Market breadth is overwhelmingly negative. Of the 2,445 stocks traded today, 745 were on the uptick, and 1,673 were down.

Indian indices closed flat, with the benchmark Nifty 50 index closing at 22,959.5 points. The Indian volatility index, Nifty VIX, rose 4.7% and closed at 15.7 points. Cyient DLM fell by more than 3%, despite securing a long-term contract from Thales to manufacture high-reliability printed circuit board assemblies (PCBAs) for next-generation flight systems. These PCBAs will be used in major commercial aircraft platforms.

Nifty Smallcap 100 and Nifty Midcap 100 closed flat, following the benchmark index. Nifty MidSmall Healthcare and Nifty Healthcare index were among the top index gainers today. According to Trendlyne’s Sector dashboard, Pharmaceuticals & Biotechnology emerged as the best-performing sector of the day, with a rise of 1.4%.

Asian indices closed mixed, while European indices are trading higher. US index futures traded in the green, indicating a positive start to the trading session. Brent crude oil futures are trading in the green. Several Fed officials, including Patrick Harker and Michelle Bowman, are set to speak this week following mixed US inflation data last week. Investor sentiment will be largely influenced by rising geopolitical tensions, particularly US-Russia talks on the Ukraine conflict.

  • Relative strength index (RSI) indicates that stocks like Whirlpool of India, Kirloskar Oil Engines, and Atul are in the oversold zone.

  • Utkarsh Small Finance Bank plunges to its all-time high of Rs 23.9 per share as it posts a net loss of Rs 168.1 crore compared to a net profit of Rs 116.1 crore in Q3FY24 due to higher provisions, employee benefits, and interest expenses. However, revenue grows 15.7% YoY to Rs 932.4 crore, helped by improvements in the treasury, retail and corporate banking segments. The bank's asset quality worsens as its gross and net NPAs grow 313 bps YoY and 231 bps YoY, respectively.

  • Zen Technologies plunges to its 20% lower circuit as its Q3FY25 revenue misses Forecaster estimates by 42.3% despite rising 44% YoY to Rs 141.5 crore, helped by an improvement in the defence & homeland segment. Net profit grows 21.8% YoY to Rs 38.6 crore during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • EMS is rising as it secures an order worth Rs 272.9 crore from Jaypee Infratech for civil and mechanical, electrical, & plumbing (MEP) works in the "Orchards" housing project at Jaypee Wish Town, Noida.

  • CG Power and Industrial Solutions rises more than 5% after emerging as the highest bidder for the proposed acquisition of 90% of the equity shares in BTW-Atlanta Transformers India (BTW India) from Baoding Tianwei Baobian Electric, China. The offer, valued at around Rs 165 crore, was part of an online bidding process conducted by the China Beijing Stock Exchange.

  • Gujarat Narmada Valley Fertilizers & Chemicals' Q3FY25 net profit grows 68% YoY to Rs 163 crore, owing to lower raw materials, inventory, power & fuel, employee benefits, and finance costs. However, revenue declines 6.9% YoY to Rs 2,056 crore, attributed to a reduction in the fertilisers segment. It appears in a screener of stocks outperforming their industries over the past month.

  • Cyient DLM wins a long-term contract from Thales to produce high-reliability printed circuit board assemblies (PCBAs) for next-generation flight systems. These PCBAs will be deployed in leading commercial aircraft platforms.

  • Uflex is rising as it posts a net profit of Rs 136.8 crore in Q3FY25 compared to a net loss of Rs 67.2 crore in Q3FY24, driven by an exceptional items gain of Rs 31 crore and inventory destocking. Revenue increases 12.9% YoY to Rs 3,734.7 crore during the quarter, supported by higher sales from the flexible packaging activities segment. The company appears in a screener of stocks with increasing profits every quarter for the past three quarters.

  • An SBI report suggests that even with a 15-20% hike in US tariffs, Indian exports to the US will likely decline only 3-3.5%. The bank believes higher export targets can offset this. While the US remains India's top export market (17.7% of total exports in FY24), India is diversifying to reduce reliance on any sing

  • Aditya Birla Fashion & Retail rises sharply as its Q3FY25 net loss contracts 34.1% YoY to Rs 51.3 crore, helped by lower raw materials and inventory expenses. Revenue grows 3.6% YoY to Rs 4,361.8 crore, attributed to improvements in the Madura Fashion & Lifestyle and ethnic segments. It appears in a screener of stocks with the highest FII holdings.

  • Narayana Hrudayalaya's net profit grows 2.6% YoY to Rs 193 crore in Q3FY25. Revenue increases 13.6% YoY to Rs 1,366.7 crore, helped by an improvement in the medical & healthcare-related services segment. The company shows up in a screener of stocks with growing costs YoY from long-term projects.

  • GlaxoSmithKline Pharmaceuticals surges as its Q3FY25 net profit jumps 5x YoY to Rs 229.9 crore, helped by lower employee benefits and finance costs. Revenue grows 18.1% YoY to Rs 984.5 crore, led by increased market share in brands like Augmentin, Ceftum & T-bact and higher sales in the respiratory & vaccines segments. It appears in a screener of stocks with dividend yields greater than the sector dividend yield.

  • Reports suggest that Tata Consultancy Services (TCS) plans to implement its annual salary hikes in March, with payouts starting in April. The increases will likely range from 4% to 8%. These hikes will follow the company’s quarterly variable pay (QVP) distribution in February for the October-December period.

  • Welspun Corp secures orders worth Rs 3,000 crore in the United States to supply coated pipes for natural gas pipeline projects. These include two large orders for helical submerged arc welded (HSAW) pipes and additional orders for high-frequency induction welded (HFIW) pipes.

  • Arvind SmartSpaces signs a new residential plotted development project in Sanand, Ahmedabad. The company expects the project to generate nearly Rs 600 crore in total revenue.

  • Axis Direct upgrades Manappuram Finance to 'Buy' from 'Hold' with a higher target price of Rs 220 per share. This indicates a potential upside of 17.2%. The brokerage expects slower assets under management (AUM) growth in FY25. However, it expects growth to resume in FY26, supported by the lifting of restrictions on microfinance institution (MFI) disbursements and high demand in the gold loans segment. It expects the firm's net interest income (NII) to grow at a CAGR of 14.6% over FY25-27.

  • Nomura initiates a 'Buy' rating on Afcons Infrastructure with a target price of Rs 561. The brokerage highlights the company’s track record of timely project completion and steady profitability. It notes consistent financial performance and anticipates a 22% revenue CAGR from FY25-27, driven by strong ordering momentum.

  • Ajax Engineering’s shares debut on the bourses at an 8.4% discount to the issue price of Rs 629. The Rs 1,269.3 crore IPO received bids for 6.5 times the total shares on offer.

  • Bharat Heavy Electricals receives a letter of intent (LoI) worth Rs 6,700 crore from Singareni Collieries (SCCL) to set up an 800 MW thermal power unit in Telangana. The order involves supplying, installing, testing, and commissioning a boiler, turbine, generator, flue gas desulfurization system, and other related equipment.

  • Dilip Buildcon is rising as its net profit grows 7.3% YoY to Rs 115.3 crore in Q3FY25, led by a reduction in raw material costs. However, revenue declines 9.3% YoY to Rs 2,633 crore, impacted by the engineering, procurement, & construction (EPC) projects and road infrastructure maintenance segments. It features in a screener of stocks with improving net cash flow over the past two years.

  • Jefferies maintains a 'Buy' rating on Samvardhana Motherson International with a target price of Rs 165. The brokerage highlights that the company's EBITDA margins exceeded expectations and notes its expansion into non-auto sectors like electronics and space. It adds that the company is finding attractive inorganic growth opportunities.

  • PTC Industries is falling as its net profit misses Forecaster estimates by 19.3% despite rising 76.2% YoY to Rs 14.2 crore in Q3FY25 due to inventory destocking and lower finance costs. Revenue increases 20.7% YoY to Rs 66.9 crore during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Swan Energy is rising as its Q3FY25 net profit surges 5.1x YoY to Rs 582.8 crore, helped by inventory destocking and lower finance costs. Revenue jumps 128.3% YoY to Rs 3,776.6 crore, attributed to improvements in the construction and distribution & development segments. It appears in a screener of undervalued growth stocks.

  • Rail Vikas Nigam is falling as its net profit declines 13.1% YoY to Rs 311.4 crore in Q3FY25 due to higher operating expenses and finance costs. Revenue decreases 2.6% YoY to Rs 4,567.4 crore during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Glenmark Pharmaceuticals is falling as its Q3FY25 net profit of Rs 348 crore misses Forecaster estimates by 6%. Revenue grows 35.1% YoY to Rs 3,387.6 crore, driven by improvements in the US, Indian, European, and rest of the world (ROW) markets. It features in a screener of stocks with zero promoter pledges.

  • Nifty 50 was trading at 22,803.45 (-125.8, -0.6%), BSE Sensex was trading at 75,641.41 (-297.8, -0.4%) while the broader Nifty 500 was trading at 20,530 (-103.1, -0.5%).

  • Market breadth is sharply down. Of the 2,052 stocks traded today, 584 were on the uptick, and 1,400 were down.

Riding High:

Largecap and midcap gainers today include GlaxoSmithKline Pharmaceuticals Ltd. (2,340.25, 16.0%), CG Power and Industrial Solutions Ltd. (583, 5.6%) and Ashok Leyland Ltd. (223.61, 4.6%).

Downers:

Largecap and midcap losers today include PB Fintech Ltd. (1,494.35, -5.1%), Rail Vikas Nigam Ltd. (342.45, -4.9%) and Mazagon Dock Shipbuilders Ltd. (2,083.10, -3.8%).

Movers and Shakers

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

Top high volume gainers on BSE included GlaxoSmithKline Pharmaceuticals Ltd. (2,340.25, 16.0%), Manappuram Finance Ltd. (193.29, 8.5%) and Piramal Pharma Ltd. (199.88, 8.1%).

Top high volume losers on BSE were PTC Industries Ltd. (11,945, -8.7%), Radico Khaitan Ltd. (1,950, -4.6%) and Carborundum Universal Ltd. (970, -4.4%).

Nuvoco Vistas Corporation Ltd. (319.50, 2.5%) was trading at 6.2 times of weekly average. Jubilant Pharmova Ltd. (995.45, 5.3%) and Ramkrishna Forgings Ltd. (644.30, 1.9%) were trading with volumes 5.1 and 5.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

1 stock hit their 52 week highs, while 128 stocks were underachievers and hit their 52 week lows.

Stock touching their year highs included - Redington Ltd. (242.91, -1.0%).

Stocks making new 52 weeks lows included - 3M India Ltd. (26,799.90, 0.2%) and Alembic Pharmaceuticals Ltd. (815, -0.4%).

5 stocks climbed above their 200 day SMA including Godfrey Phillips India Ltd. (7,038, 17.3%) and Manappuram Finance Ltd. (193.29, 8.5%). 26 stocks slipped below their 200 SMA including KFIN Technologies Ltd. (825.70, -10.7%) and PTC Industries Ltd. (11,945, -8.7%).

 
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The Baseline
14 Feb 2025
Five Interesting Stocks Today - February 14, 2025
By Trendlyne Analysis

1. SBI Cards and Payment Services:

This finance company rose by over 5% on 13th January and touched a 52-week high of Rs 872 today. The surge in its stock price came after the global brokerage Macquarie upgraded its rating on the stock to ‘Outperform’, as it believes that the company's credit card delinquencies have decreased, indicating better lending choices. Over the past 12 months, the company limited credit to borrowers with higher credit scores. The brokerage has also increased the stock's target price to Rs 1,000.

Its Q3FY25 net profit declined by 30.2% YoY to Rs 383.2 crore due to tighter regulations on fee income. Revenue was up by 0.5% YoY, primarily due to marginal growth in interest income. The company’s net profit missed forecaster estimates by 8.7%, due to a slower loan growth. It appears on screener for stocks where FIIs & FPIs are increasing their shareholding.

The company’s Gross Non-Performing Assets (GNPA) slightly decreased to 3.24% during the quarter, down from 3.27% in the previous quarter. However, the gross credit cost rose by 40 bps to 9.4% QoQ. 

Regarding the increase in credit costs, the company’s CEO & MD, Abhijit Chakravorty, said, “We are at an inflection point in our credit cycle. As we tighten underwriting, portfolio management, and collections, we expect credit costs to moderate. The speed of this will depend on changes in the unsecured lending ecosystem and the economy.”

According to RBI’s December 2024 data, the company's market share in card spends stood at 15.6%. Girish Budhiraja, Chief Sales & Marketing Officer, stated, "We expect our card spend market share to reach 18-20% in the next 3-4 quarters. We are projecting loan growth of 12-15% over the next 9-12 months. However, our outlook could change in either direction if the credit cost trajectory shifts or the economic mood changes."

Macquarie forecasts a significant decline in the company’s credit costs over the next two quarters, driven by factors like falling interest rates, better liquidity, and potential tax cuts. The brokerage also points out that the RBI's more lenient approach to unsecured loans could be an added boost. However, it has reduced its earnings projections for FY25-27 by 13-15%, reflecting slower growth in loans, net interest income and fee generation. 

2. National Aluminium Company:

This aluminum manufacturer has fallen 7.8% in the past week despite beating Forecaster estimates for revenue and net profit in its Q3FY25 results. The decline comes after US President Trump’s move to set a 25% tariff on steel and aluminum imports without any exemptions. National Aluminium Co’s (NALCO) management noted that these tariffs could put pressure on global aluminum prices, similar to the impact seen in 2018-2020 after similar trade policies during Trump’s first term.

NALCO announced its Q3FY25 results on February 10, reporting a 39% YoY increase in revenue to Rs 4,662 crore, driven by higher sales realisation in alumina and metal. Net profit surged 2.3X YoY to Rs 1,566 crore, thanks to lower employee benefit expenses, material costs, and finance costs. The company appears in a screener of stocks with book value per share improving over the last two years.

Chairman & MD Pratap Singh said, “The alumina price trend of $400/tonne in previous years was breached when prices shot up to $800/t in Q3FY25 due to plant shutdowns in Australia. The prices are now correcting, with spot prices falling to $530/t and possibly declining further to the $450-500/t range.” 

Singh also highlighted that analysts should not get too optimistic about the net profit jump – the decline in employee costs that drove profit higher, he noted, was due to a one-time provision for non-executive performance-related pay (PRP). Going forward, annual employee expenses are expected to stay over Rs 2,000 crore.

Speaking about capex, Singh said that NALCO is expanding its alumina refinery, increasing capacity by 1 million tonnes per annum (MTPA) from the current 2.1 MTPA. The total capex for this expansion is now Rs 5,677 crore, of which Rs 3,500 crore has already been spent. The refinery is expected to be commissioned by the end of FY26, revised from the earlier target of September 2025.

Axis Direct has a ‘Buy’ rating on this PSU stock with a target price of Rs 220. The brokerage expects strong alumina realisations to drive another good quarter in Q4FY25. However, with spot prices declining, the impact of lower alumina prices may be seen from Q1FY26 onwards. Additional alumina volumes from the ongoing refinery expansion, however, will help offset some of the impact of lower prices on EBITDA in the future.

3. FSN E-Commerce Ventures (Nykaa):

This internet retail company has declined 3% over the past week following the announcement of its Q3FY25 results. Nykaa’s net profit increased 61.4% YoY to Rs 26.1 crore, but missed Forecaster estimates by 29.6%. 

Revenue rose 26.7% YoY to Rs 2,267.2 crore during the quarter, driven by growth in the beauty & personal care (BPC) and fashion segments. The company’s revenue beat estimates marginally by 0.2%.

During the quarter, Nykaa’s GMV (gross merchandise value) grew 25% YoY, driven by strong growth in the BPC segment, which contributes the majority of its revenue and has seen an increasing customer base and festive demand. Meanwhile, Nykaa Cosmetics, Kay Beauty, and Dot & Key continued to drive growth with new launches – the company is pushing its own brands hard, including its wakeup makeup line. The fashion segment grew 8% YoY despite a challenging demand environment and intense competition.

Recently, Shein, the Chinese low-cost fast-fashion giant, re-entered India through a partnership with Reliance Retail. Falguni Nayar, the CEO, underplayed the threat to Nykaa’s market share, saying, “Fashion is a vast industry. Shein operates in just one segment. With 4,000+ brands and more international players entering the market, no single brand can dominate”. 

But analysts think differently, and believe Shein's re-entry into India could disrupt the country’s fashion market. Nykaa’s fashion vertical, which competes with Myntra, Tata Cliq Fashion, and Ajio, is expected to expand its catalogue with new brand partnerships. 

Meanwhile, Nykaa continued to expand its retail network, with total stores reaching 221. The company expects to grow its store count to 350 over the next two years. 

Following the Nykaa’s earnings announcement, Nuvama maintained its ‘Buy’ rating. The brokerage highlights that competition in fashion remains a concern, but profitability improvements in the eB2B segment are encouraging. It expects Nykaa’s beauty segment to remain a key growth driver.

4. Global Health (Medanta):

Thishealthcare facilities company surged 10.7% on February 5 following the announcement of itsQ3FY25 results. During the quarter, the company’s net profit rose 15.6% YoY to Rs 142.9 crore in Q3FY25, while revenue grew 13.3% YoY to Rs 943.4 crore. The growth was driven by higher patient volumes, with a 10% increase in footfalls and a 13% rise in In-Patient Department (IPD) admissions.

The companyreported an Average Revenue Per Occupied Bed (ARPOB) of Rs 61,307, reflecting a marginal 1.2% YoY increase but a 1.3% QoQ decline. Toimprove ARPOB, Medanta is pushing high-value procedures, which contribute to better revenue per patient. 

Medanta is also improving its payer mix by reducing dependence on lower-paying government schemes and increasing the proportion of insurance and cash patients. Additionally, the companyplans selective tariff hikes, particularly in facilities like Lucknow and Patna, where prices have remained unchanged for several years.

In Q3 FY25, Medantaadded 34 beds, bringing the total bed additions to 219 for the first nine months of FY25. This has increased the company’s total operational bed capacity to 3,042. The company hassecured a long-term lease for a 110-bed hospital in Ranchi to expand its presence in Jharkhand. Additionally, the 550-bed Noida hospital is set to begin operations within six months. 

Pankaj Sahni, Group Chief Executive Officer of the companysaid, “We have roughly 1,000 bed additions planned over the next two years. We also have 3 major Greenfield projects underway, comprising approximately 1,600 beds.” These include projects in Mumbai Oshiwara, Pitampura, and Greater Kailash, which are expected to be completed in the next 3 to 4 years.

Post results, Axis Directmaintains its ‘Buy’ rating on this company, citing optimism about the business recovery, improvements in ARPOB, and capacity expansion. The brokerage expects a CAGR of 21.5% in sales, 18.2% in EBITDA and 18.1% in net profit over FY25-26, with a target price of Rs 1,270 per share.

5. Power Finance Corporation:

This financial institution is a value stock, under radar, according to Trendlyne’s DVM score. PFC exhibits high financial strength and is trading at an affordable valuation, demonstrated by its high durability and valuation scores. However, the stock price momentum is weak due to the recent correction in the stock market. Shares of PFC currently trade at a discount of over 35% from its 52-week high.

In Q3, the company reported a revenue growth of 14% and a net profit growth of 23% on a YoY basis. Its consolidated loan book witnessed a 12% YoY growth, driven by disbursements in the renewable and distribution segments. To further expand its renewable portfolio, it entered into an agreement on January 16 with Japan Bank for International Cooperation for a loan of ~Rs 6,500 crore.

Foreign currency borrowing makes up 19% of its total borrowings, of which 95% is hedged against currency fluctuations. The remaining 5% unhedged portfolio has come under risk following the recent depreciation of INR. Chairman and MD Parminder Chopra noted that PFC anticipates a loss of Rs 45 crore for every one-rupee depreciation of INR with respect to USD.

PFC is in the advanced stages of resolving loan defaults totalling around Rs 5,000 crore from the KSK Mahanadi, TRN Energy, and Shiga Energy projects. Once resolved, it expects to release approximately 73% of the allocated provisions—roughly Rs 3,650 crore—which is the capital set aside to cover potential losses should these companies default on their loans.

During the Q3 earnings call, Chopra said, “We expect these provision reversals to provide sufficient cushion against the impact of rupee depreciation.” The resolution of these defaults is expected to improve PFC’s asset quality, potentially lowering its gross non-performing assets (NPAs) from 2.7% at the end of Q3 to below 2%. 

Chopra is confident of a strong performance in Q4, driven by disbursements in the renewable portfolio, which will help PFC achieve its guidance of 13-14% annual growth in assets under management for FY25. Motilal Oswal maintains a ‘Buy’ rating on the stock, anticipating a surge in disbursements of 110% YoY in Q4, supported by benign credit costs and the resolution of its stressed assets.

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
14 Feb 2025
Market closes lower, Manappuram Finance's net profit declines 50.8% YoY to Rs 282.1 crore in Q3FY25
By Trendlyne Analysis

Nifty 50 closed at 22,929.25 (-102.2, -0.4%), BSE Sensex closed at 75,939.21 (-199.8, -0.3%) while the broader Nifty 500 closed at 20,633.10 (-271.3, -1.3%). Market breadth is sharply down. Of the 2,419 stocks traded today, 298 showed gains, and 2,095 showed losses.

Nifty 50 closed lower after paring losses from the afternoon session. The Indian volatility index, Nifty VIX, rose 0.4% and closed at 15 points. Deepak Nitrite plunged to its 52-week low of Rs 1,872.3 per share as its Q3FY25 net profit declined 51.5% YoY to Rs 98.1 crore, impacted by weak demand in agrochemical intermediates, rising employee costs, and higher finance expenses.

Nifty Smallcap 100 and Nifty Midcap 100 closed lower, following the benchmark index. Nifty Alpha 50 and Nifty Media 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 5.2%.

Asian indices closed mixed. European indices are trading mixed. US index futures are trading either flat or lower as investors assess President Trump's plan for reciprocal tariffs. Set to take effect from April, the tariffs could impact most trading partners like India, Japan, and the European Union. Brent crude oil futures are trading higher.

  • Money flow index (MFI) indicates that SBI Cards & Payment Services is in the overbought zone.

  • Manappuram Finance plunges more than 10% as its net profit declines 50.8% YoY to Rs 282.1 crore in Q3FY25 due to higher finance, fees & commission, impairment on financial instruments, and employee benefits expenses. However, revenue grows 11% YoY to Rs 2,559.7 crore, owing to an improvement in the gold loans segments. It shows up in a screener of stocks with an increase in provisions in recent results.

  • NBCC (India) secures two orders worth Rs 851.7 crore. These include township construction in Durgapur, Koderma, and Raghunathpur for Damodar Valley Corp and maintenance work at New Moti Bagh GRPA Complex in Delhi for the Ministry of Housing and Urban Affairs.

  • Bank of Baroda's board approves raising funds up to Rs 8,500 crore by issuing equity shares. The company plans to do this through one or more public or private offerings, including a qualified institutional placement.

  • Jefferies' latest India strategy report notes that despite positive developments, the Indian equity market has not seen a major rally. Key factors such as pro-growth RBI commentary, no negative impact from the new tax bill, in-line earnings, and strong mutual fund inflows have not been enough to spark a rally. Jefferies remains cautious, noting that the equity market has yet to respond positively to these developments.

  • Bharat Rasayan is rising as its net profit surges 1.6X YoY to Rs 40.5 crore in Q3FY25, driven by inventory destocking and lower finance costs. Revenue increases 10.1% YoY to Rs 256.4 crore during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • RateGain Travel Technologies is rising as its Q3FY25 net profit grows 39.9% YoY to Rs 56.5 crore, helped by lower depreciation & amortisation and deferred tax expenses. Revenue jumps 10.6% YoY to Rs 278.7 crore, helped by new customer acquisitions. It features in a screener of stocks with increasing revenue for the past eight quarters.

  • GAIL (India) signs a memorandum of understanding (MoU) with Accelera by Cummins to collaborate on clean energy and energy transition technologies. The partnership will explore opportunities in green energy, including hydrogen production, blending, transportation, and storage, leveraging GAIL's gas infrastructure and Accelera’s expertise.

  • India's WPI inflation falls to 2.3% in January, down from 2.4% in December 2024, due to softening food prices. Food inflation fell sharply to 7.5% from 8.9% in December, largely due to vegetable inflation touching a five-month low of 8.4%.

  • Rites signs a memorandum of understanding (MoU) worth Rs 120.1 crore with Neyveli Uttar Pradesh Power (NUPPL) to operate and maintain the railway siding at the NUPPL Ghatampur Thermal Power Project (GTPP).

  • Afcons Infrastructure's net profit grows 35.7% YoY to Rs 148.9 crore in Q3FY25, led by lower raw materials and depreciation & amortisation expenses. Revenue rises 2.7% YoY to Rs 3,211.1 crore, helped by an improvement in the order book. It appears in a screener of stocks with high promoter pledges.

  • Mahindra Lifespace Developers' board of directors approves a fundraising of up to Rs 1,500 crore through the rights issue of equity shares.

  • Unsoo Kim, Managing Director of Hyundai Motor India, highlights that the company has exported over 3.7 million Made-in-India vehicles globally. Hyundai aims to establish India as its largest export hub outside South Korea. He adds that Hyundai exported around 1.6 lakh vehicles in 2024, with Saudi Arabia, South Africa, Mexico, Chile, and Peru as its leading overseas markets.

  • ITC Hotels's shares fall sharply as British American Tobacco (BAT) plans to divest its 15.3% stake, valued at Rs 5,405 crore, by 2026.

  • SJVN's Q3FY25 net profit grows 7.2% YoY to Rs 149 crore, owing to lower deferred tax expenses. Revenue jumps 23.5% YoY to Rs 671 crore during the quarter. It features in a screener of stocks with growth in net profit and profit margin (QoQ).

  • Kalpataru Projects International falls sharply as its net profit misses Forecaster estimates by 15%, rising marginally by 0.7% YoY to Rs 142 crore in Q3FY25. Revenue increases 17.1% YoY to Rs 5,732.5 crore, helped by an improvement in the engineering, procurement & construction (EPC) segment. The company features in a screener of stocks where FII / FPI or institutions are increasing their shareholding.

  • Asian Paints signs a share purchase agreement with Berger Paints Singapore Pte to sell its Indonesia operations for Rs 48 crore. The loss arising from divestment is approximately Rs 90 crore.

  • Godfrey Phillips India is rising as its net profit surges 48.7% YoY to Rs 315.9 crore in Q3FY25 due to inventory destocking. Revenue increases 27.3% YoY to Rs 1,591.3 crore during the quarter, driven by higher sales from the cigarettes and tobacco segment. The company appears in a screener of stocks with book value per share improving over the last two years.

  • Deepak Nitrite plunges to its 52-week low of Rs 1,930.1 per share as its Q3FY25 net profit declines 51.5% YoY to Rs 98.1 crore due to higher inventory, employee benefits, and finance costs. Revenue falls 5.3% YoY to Rs 1,903.4 crore, led by a reduction in the advance intermediates segment. It shows up in a screener of stocks where insiders sold shares.

  • Premier Energies' subsidiary, Premier Energies Photovoltaic, receives orders worth Rs 1,234 crore from existing customers to supply solar PV modules.

  • Suvankar Sen, Managing Director & CEO of Senco Gold, projects revenue growth of 18-20% for FY25 and FY26, with margins ranging from 7-7.5%. He believes the company's PAT will reach Rs 300 crore in FY26. Sen adds that the firm's Q3FY25 was impacted by Rs 70 crore due to hedging and customs duties.

  • Hindustan Construction falls sharply as it posts a net loss of Rs 38.9 crore in Q3FY25 compared to a net profit of Rs 182.3 crore in Q3FY24 due to higher inventory, finance, and deferred tax expenses. Revenue declines 31.7% YoY to Rs 1,006.8 crore, impacted by the engineering & construction and real estate segments. It appears in a screener of stocks with large swings between profit and loss.

  • KNR Constructions is falling as its Q3FY25 revenue declines 14.9% YoY to Rs 848.1 crore due to arbitration claims of Rs 209.9 crore from Patel KNR Infrastructures and its Orissa Project. However, net profit surges 78.1% YoY to Rs 248.6 crore, driven by lower raw materials, subcontracting, construction, spreading & assortment, and employee benefits expenses. It shows up in a screener of stocks with medium to low Trendlyne Momentum scores.

  • Carborundum Universal falls to its new 52-week low of Rs 983.2 as its net profit declines 68.8% YoY to Rs 34.8 crore in Q3FY25 due to an exceptional item charge of Rs 104.1 crore related to sanctions on its Russian subsidiary, Volzhsky Abrasive Works (VAW). However, revenue increases 9% YoY to Rs 1,255.5 crore during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Hindalco Industries is rising as its Q3FY25 net profit jumps 60.2% YoY to Rs 3,735 crore owing to lower inventory, employee benefits, and finance costs. Revenue grows 10.9% YoY to Rs 58,899 crore, led by improvements in the Novelis, aluminium upstream, aluminium downstream, and copper segments. It features in a screener of stocks with improving cash flow from operations over the past two years.

  • Nifty 50 was trading at 23,068.55 (37.2, 0.2%), BSE Sensex was trading at 76,419.83 (280.9, 0.4%) while the broader Nifty 500 was trading at 20,896.70 (-7.7, 0.0%).

  • Market breadth is in the red. Of the 1,967 stocks traded today, 677 were on the uptick, and 1,247 were down.

Riding High:

Largecap and midcap gainers today include Jubilant Foodworks Ltd. (670.50, 1.3%), Hindustan Zinc Ltd. (416.55, 1.2%) and Britannia Industries Ltd. (4,939.65, 1.0%).

Downers:

Largecap and midcap losers today include Deepak Nitrite Ltd. (1,900.50, -15.1%), JSW Energy Ltd. (437.10, -6.5%) and Coromandel International Ltd. (1,752.20, -5.4%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Ingersoll-Rand (India) Ltd. (3,532.55, 11.3%), Chalet Hotels Ltd. (693.65, 2.8%) and Ajanta Pharma Ltd. (2,560.25, 2.6%).

Top high volume losers on BSE were Concord Biotech Ltd. (1,692.30, -19.9%), Deepak Nitrite Ltd. (1,900.50, -15.1%) and Kalpataru Projects International Ltd. (879.55, -10.5%).

Go Digit General Insurance Ltd. (289, -2.8%) was trading at 36.9 times of weekly average. Anupam Rasayan India Ltd. (674.10, 0.9%) and Affle (India) Ltd. (1,501.60, -3.5%) were trading with volumes 10.7 and 5.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

1 stock took off, crossing 52 week highs, while 94 stocks hit their 52 week lows.

Stock touching their year highs included - SBI Cards and Payment Services Ltd. (859, -0.1%).

Stocks making new 52 weeks lows included - Alembic Pharmaceuticals Ltd. (810, -1.9%) and Astral Ltd. (1,332.60, -2.8%).

4 stocks climbed above their 200 day SMA including Godfrey Phillips India Ltd. (5,999.50, 20%) and Cholamandalam Investment & Finance Company Ltd. (1,376, -1.1%). 22 stocks slipped below their 200 SMA including Concord Biotech Ltd. (1,692.30, -19.9%) and Manappuram Finance Ltd. (178.15, -8.2%).

 
Trendlyne Marketwatch
Trendlyne Marketwatch
13 Feb 2025, 03:54PM
Market closes flat, Ipca Lab's EBITDA margin expands 430 bps YoY in Q3
By Trendlyne Analysis

Nifty 50 closed at 23,031.40 (-13.9, -0.1%), BSE Sensex closed at 76,138.97 (-32.1, 0.0%) while the broader Nifty 500 closed at 20,904.35 (-3.5, 0.0%). Market breadth is in the red. Of the 2,405 stocks traded today, 1,089 were on the uptick, and 1,281 were down.

Indian indices closed flat, with the benchmark Nifty 50 index closing at 23,560 after switching between gains and losses. The Indian volatility index, Nifty VIX, fell 3.5% and closed at 13.7 points. Hindustan Aeronautics closed 1.9% higher as its Q3FY25 net profit grew 14.1% YoY to Rs 1,439.8 crore, beating the Forecaster estimates by 2.5%.

Nifty Smallcap 100 closed in the red, while Nifty Midcap 100 closed in the green. Nifty Pharma and BSE Metal were the best-performing indices of the day. According to Trendlyne’s sector dashboard, Diversified emerged as the highest-performing sector of the day, with a rise of 2.3%.

European indices are trading in the green, except the UK’s FTSE 100 and the Netherlands’ AEX index, which are trading 0.9% and 0.6% higher, respectively. Major Asian indices closed mixed. US index futures are trading mixed amid concerns of rising inflation. Applied Materials, Unilever, Sony Group Corp, Deere & Co, Palo Alto Networks, Moody’s Corp, and Duke Energy Corp are set to report their earnings later today.

  • Muthoot Finance sees a long buildup in its February 27 futures series, with open interest increasing by 19.8% and a put-call ratio of 0.5.

  • Hindustan Aeronautics is rising as its Q3FY25 net profit grows 14.1% YoY to Rs 1,439.8 crore, beating the Forecaster estimates by 2.5%. Revenue increases 14.8% YoY to Rs 6,957.3 crore during the quarter, while its EBITDA margin increases marginally by 50 bps. The company features in a screener of stocks where FII / FPI or institutions are increasing their shareholding.

  • Ipca Laboratories rises sharply as its Q3FY25 net profit grows 37.9% YoY to Rs 248.1 crore, driven by lower raw materials and finance costs. Revenue increases 9.2% YoY to Rs 2,265.5 crore, helped by an improvement in the domestic business. It features in a screener of stocks with consistently high returns over the past five years.

  • IOL Chemicals and Pharmaceuticals is falling as its net profit declines 11.1% YoY to Rs 20.5 crore in Q3FY25 due to pricing pressure, stagnant demand, and intense market competition. Revenue decreases marginally YoY to Rs 523.3 crore during the quarter, driven by lower sales from the chemical and pharmaceutical segments. The company appears in a screener of stocks with declining ROE over the past two years.

  • Amish Shah, Head of India Research at BofA Securities, expects developed markets to outperform emerging markets, including India, this year. He notes that FPIs (Foreign portfolio investors) will continue to favour US equities and bonds. Shah adds that global investors usually target around 15% returns from emerging markets like India. However, with risk-free dollar returns at 4.5% and an anticipated 5% rupee depreciation, investors are guaranteed a 9% risk-free return.

  • Suven Pharmaceuticals rises sharply as its Q3FY25 net profit surges 77.3% YoY to Rs 82.9 crore, owing to inventory destocking and deferred tax returns of Rs 15.2 crore. Revenue grows 37.9% YoY to Rs 322.9 crore, attributed to improvements in the pharma contract development & manufacturing organization (CDMO) and active pharmaceutical ingredient (API) segments. It appears in a screener of stocks with increasing net profit for the past four quarters.

  • Tata Power Company is rising as its subsidiary, Tata Power Renewable Energy, signs a memorandum of understanding (MoU) with Oil and Natural Gas Corp (ONGC) to explore joint opportunities in the battery energy storage system (BESS) value chain. This includes grid stabilisation, EV charging, renewable integration, and industrial storage solutions.

  • Entero Healthcare Solutions is falling as its net profit misses Forecaster estimates by 15.1% despite rising 2.8X YoY to Rs 25.4 crore in Q3FY25 due to lower finance cost and inventory destocking. Revenue increases 36.9% YoY to Rs 1,359 crore during the quarter, driven by high-margin products, better procurement, and cost efficiency. The company appears in a screener of stocks with zero promoter pledges.

  • Alexander George Muthoot, Managing Director of Muthoot Finance, highlights that Q3FY25 was a record-breaking quarter for the company. Cost of funds stood at 9% during the quarter. He adds that the company has diversified its borrowing and expects the net interest margin (NIM) to stay between 11-11.5%. He also emphasizes the company’s continued focus on the affordable housing finance segment.

  • Engineers India secures a Rs 106 crore project management consultancy (PMC) contract from Indian Oil Corp for phase-I of the Paradip Petrochemical Complex in Odisha. The contract covers project management for key process units, offsites, and utilities, set for completion in 10 months.

  • Godrej Industries rises sharply as its Q3FY25 net profit grows 76.9% YoY to Rs 188.2 crore owing to lower inventory costs. Revenue increases 33.9% YoY to Rs 5,146.9 crore, driven by improvements in the estate & property development, finance & investments, chemicals, animal feed, crop protection, and vegetable oils segments. It features in a screener of stocks where mutual funds increased their shareholding in the past quarter.

  • Mahindra & Mahindra Financial Services is rising as its board of directors approves a fundraising of up to Rs 3,000 crore through the rights issue of equity shares.

  • Fitch Ratings expects Indian banks' net interest margins (NIMs) to drop by 10 basis points on average in 2025-26 due to RBI interest rate cuts, though the decline will be offset by eased liquidity conditions. The firm also notes that NBFCs may face NIM (net interest margins) pressures in areas where they compete with banks, like near-prime urban housing and commercial loans.

  • SKF India falls to its new 52-week low of Rs 3,643.1 as its net profit declines 17.1% YoY to Rs 109.5 crore in Q3FY25 due to higher material costs and employee benefit expenses. However, revenue increases 15% YoY to Rs 1,256.1 crore during the quarter. The company appears in a screener of stocks with declining profits every quarter for the past two quarters.

  • Godawari Power & Ispat is falling sharply as its net profit plunges 36.8% YoY to Rs 144.8 crore in Q3FY25 due to higher raw materials and employee benefits expenses. Revenue declines marginally by 0.7% YoY to Rs 1,316 crore, caused by lower production of iron ore and pellets. It appears in a screener of stocks with prices below short, medium, and long-term averages.

  • NTPC Green Energy's 50:50 JV, ONGC NTPC Green (ONGPL), signs a share purchase agreement to acquire Ayana Renewable Power for Rs 19,500 crore. The acquisition supports ONGPL’s strategy to expand its clean energy portfolio and India’s renewable energy transition.

  • SBI Cards and Payment Services rises over 5% as Macquarie upgrades the stock to an 'Outperform' rating with a higher target price of Rs 1,000. The brokerage believes the company's credit card delinquencies have decreased, showing it is making better lending choices. Over the past 12 months, the company offered credit to borrowers with better credit scores.

  • Endurance Technologies is rising as its net profit grows 21.1% YoY to Rs 184.4 crore in Q3FY25 due to lower purchases of traded goods. Revenue increases 11.6% YoY to Rs 2,859.2 crore during the quarter, driven by capacity gains and new business acquisitions in braking, suspensions, die casting, and alloy wheels segments. The company appears in a screener of stocks with increasing revenue every quarter for the past four quarters.

  • IIFL Finance is falling as its net profit declines 91.7% YoY to Rs 40.7 crore in Q3FY25 due to higher impairment on financial instruments, finance, and employee benefits expenses. Revenue falls 7.8% YoY to Rs 2,442.6 crore, caused by a reduction in net interest income. It shows up in a screener of low DVM stocks.

  • Crompton Greaves Consumer Electricals is rising as its net profit grows 27.7% YoY to Rs 109.8 crore in Q3FY25 due to lower materials cost and inventory destocking. Revenue increases 4.5% YoY to Rs 1,769.2 crore during the quarter, driven by higher sales from the electric consumer durables and lighting products segments. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • India’s CPI inflation declines to a a five-month low of 4.3% in January from 5.2% in December, driven by easing food inflation and the RBI's rate cuts. Nomura expects weak domestic demand and ongoing deflation in manufacturing input costs to keep core inflation between 3.5-4% over the next year.

  • Bombay Burmah Trading Corp's Q3FY25 net profit declines 12.3% YoY to Rs 339 crore due to higher raw materials and depreciation & amortisation expenses. However, revenue grows 8.4% YoY to Rs 4,758.9 crore, driven by improvements in the tea plantations, auto electrical components, investments, healthcare, and food-bakery & dairy products segments. It appears in a screener of stocks with high market cap but lower public shareholding.

  • PTC India rises sharply as its Q3FY25 net profit jumps 62.9% YoY to Rs 152.9 crore, helped by lower impairment on financial instruments, employee benefits, finance costs, and income tax returns. However, revenue declines marginally by 0.3% YoY to Rs 3,425.3 crore due to a decline in the financing business offsetting a growth in the power segment. It features in a screener of affordable stocks with good Trendlyne valuation scores.

  • Natco Pharma is falling as its net profit declines 37.5% YoY to Rs 133 crore in Q3FY25. Revenue decreases 37.4% YoY to Rs 474.8 crore during the quarter due to lower contributions from the export formulation business. The company appears in a screener of stocks where mutual funds decreased their shareholding in the past quarter.

  • Bharat Forge falls to its new 52-week low of Rs 1,044.7 as its net profit declines 19.6% YoY to Rs 212.8 crore in Q3FY25. Revenue decreases 10.1% YoY to Rs 3,475.5 crore during the quarter amid weak demand conditions in Europe, impacting exports. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Nifty 50 was trading at 23,080.45 (35.2, 0.2%), BSE Sensex was trading at 76,333.10 (162.0, 0.2%) while the broader Nifty 500 was trading at 20,964.05 (56.2, 0.3%).

  • Market breadth is surging up. Of the 1,941 stocks traded today, 1,296 showed gains, and 609 showed losses.

Riding High:

Largecap and midcap gainers today include Muthoot Finance Ltd. (2,317.80, 6.2%), SBI Cards and Payment Services Ltd. (859.85, 5.3%) and Ipca Laboratories Ltd. (1,490.90, 5.0%).

Downers:

Largecap and midcap losers today include Adani Enterprises Ltd. (2,244.70, -4.6%), UNO Minda Ltd. (946.85, -4.4%) and Varun Beverages Ltd. (513.40, -4.0%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Finolex Cables Ltd. (998.55, 13.1%), Honasa Consumer Ltd. (230.79, 12.7%) and Suven Pharmaceuticals Ltd. (1,120.05, 6.9%).

Top high volume losers on BSE were Natco Pharma Ltd. (975.05, -20%), FDC Ltd. (410.15, -7.0%) and KIOCL Ltd. (279.70, -4%).

Godrej Industries Ltd. (824.90, 1.5%) was trading at 33.4 times of weekly average. Muthoot Finance Ltd. (2,317.80, 6.2%) and LMW Ltd. (14,990, 0.9%) were trading with volumes 9.3 and 9.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

5 stocks made 52 week highs, while 25 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Kotak Mahindra Bank Ltd. (1,964.75, 1.1%), Muthoot Finance Ltd. (2,317.80, 6.2%) and Redington Ltd. (244.55, 6.8%).

Stocks making new 52 weeks lows included - Astral Ltd. (1,370.70, -1.7%) and Bayer Cropscience Ltd. (4,369.05, -0.5%).

16 stocks climbed above their 200 day SMA including Ipca Laboratories Ltd. (1,490.90, 5.0%) and Mankind Pharma Ltd. (2,501.15, 3.2%). 10 stocks slipped below their 200 SMA including Godfrey Phillips India Ltd. (4,999.60, -8.5%) and Aegis Logistics Ltd. (736.75, -7.2%).