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Trendlyne Marketwatch
17 Oct 2025
Market closes higher, RARE Enterprises buys 0.9% stake in Federal Bank in Q2
By Trendlyne Analysis

Nifty 50 closed at 25,709.85 (124.6, 0.5%), BSE Sensex closed at 83,952.19 (484.5, 0.6%) while the broader Nifty 500 closed at 23,598.05 (34.3, 0.2%). Market breadth is in the red. Of the 2,571 stocks traded today, 886 were on the uptick, and 1,640 were down.

Indian indices closed higher after erasing losses in the morning session. The Indian volatility index, Nifty VIX, rose 6.9% and closed at 11.6 points. Nikhil Gadkari’s Cian Agro fell 10% in the last two days. However, the stock is still up 1,389% over the past year.

Nifty Smallcap 100 closed flat, while Nifty Midcap 100 closed in the red. BSE Consumer Durables and Nifty FMCG closed higher. According to Trendlyne’s Sector dashboard, Telecom Services emerged as the best-performing sector of the day, with a rise of 1.7%.

European indices are trading in the red, except for Russia’s MOEX and RTSI. Major Asian indices closed mixed. US index futures are trading lower, indicating a cautious start to the session. Novo Nordisk and Eli Lilly fall in premarket trading after President Trump signals potential price cuts for popular weight loss medications. Meanwhile, American Express, Truist Financial, Regions Financial, and Fifth Third Bancorp are set to report their earnings today.

  • Relative strength index (RSI) indicates that stocks like RBL Bank, SRF, Tata Communications, and Kotak Mahindra Bank are in the overbought zone.

  • JSW Steel is falling as its Q2FY26 net profit misses Forecaster estimates by 6.3% despite surging 3.7x YoY to Rs 1,623 crore, helped by lower mining premium & royalties expenses and a low base in Q2FY25 due to a Rs 342 crore provision. Revenue grows 14.1% YoY to Rs 45,436 crore, helped by higher sales. The company's board approves the merger of its subsidiaries, Amba River Coke, Monnet Cement, and JSW Retail and Distribution, with itself.

  • Sterling & Wilson Renewable Energy is falling sharply as it posts a Q2FY26 net loss of Rs 473.2 crore compared to a net profit of Rs 7.1 crore in Q2FY25 due to higher raw materials, project, and finance costs and an exceptional loss of Rs 580.1 crore. However, revenue grows 74.7% YoY to Rs 1,859.7 crore, led by improvements in the engineering, procurement & construction (EPS) contracts and operations & maintenance (O&M) services segments. It shows up in a screener of stocks with medium to low Trendlyne momentum scores.

  • Rakesh Jhunjhunwala's RARE Enterprises buys a 0.9% stake in Federal Bank in Q2FY26. He now holds a 2.4% stake in the company.

  • JM Financial retains a 'Buy' rating on Zee Entertainment with a target price of Rs 170. The brokerage notes a 10.6% YoY decline in ad revenue due to weak FMCG spending, while subscription revenue grew 5.5% YoY, driven by growth in the digital segment. ZEE5 was a standout, with revenue up 32% YoY, supported by subscriber growth and cost cuts. Margins may improve as one-off marketing costs ease, but the brokerage finds the FY26 exit margin target of 18-20% ambitious.

  • Dalmia Bharat is rising as its Q2FY26 net profit surges 5.1x YoY to Rs 236 crore, helped by lower freight charges and depreciation & amortisation expenses. Revenue grows 10.2% YoY to Rs 3,483 crore during the quarter. It appears in a screener of stocks where FIIs are increasing their shareholdings.

  • Acutaas Chemicals surges to its all-time high of Rs 1,625 as its Q2FY26 net profit grows 93.5% YoY to Rs 72.2 crore, owing to lower raw materials expenses. Revenue grows 23.9% YoY to Rs 316 crore, driven by an improvement in the advanced intermediates segment. It features in a screener of stocks with high trailing twelve-month (TTM) EPS growth.

  • Rallis India's Q2FY26 net profit rises 4.1% YoY to Rs 102 crore, helped by lower inventory expenses. Revenue declines 7.1% YoY to Rs 871 crore during the quarter. It appears in a screener of stocks with prices below short, medium and long-term averages.

  • Global beverage giant Coca-Cola Co. reportedly considers taking its Indian bottling subsidiary, Hindustan Coca-Cola Beverages (HCCB), public. According to reports, the company has recently engaged with investment bankers to explore a potential $1 billion (approx. Rs 8,300 crore) IPO, which could value the unit at around $10 billion (approx. Rs 83,000 crore). The listing could take place as early as next year, although details such as structure and offer size are still under discussion.

  • CIE Automotive India is rising as its Q2FY26 net profit grows 9.6% YoY to Rs 213.9 crore, led by lower finance costs. Revenue jumps 10.8% YoY to Rs 2,391 crore, driven by improvements in the Indian and European markets. It features in a screener of stocks outperforming their industries over the past month.

  • Metro Brands is falling as its Q2FY26 net profit declines 3.9% YoY to Rs 69 crore, weighed down by higher lease costs from new store openings. However, revenue rises 11.2% YoY to Rs 651 crore, supported by early festive demand and 39% growth in the e-commerce segment. It appears in a screener of stocks with a PE higher than the industry PE.

  • JSW Infrastructure falls sharply as its Q2FY26 net profit declines 2.8% YoY to Rs 361.2 crore due to higher raw materials, inventory, and finance costs. However, revenue grows 26.1% YoY to Rs 1372.3 crore, driven by improvements in the port operations and logistics segments. It shows up in a screener of stocks with growing costs YoY for long-term projects.

  • Ambarish Kenghe, Group CEO of Angel One, highlights market share gains across all verticals in Q2. Its commodities segment rises to 65% and the average client funding book increases by 26.1% QoQ. He expects recent pricing changes to boost PBT by Rs 50–60 crore and remains confident in achieving the FY26 operating margin guidance of 40–45%.

  • Jio Financial Services' net profit grows by 0.9% YoY to Rs 695 crore in Q2FY26. Revenue increases 41.5% YoY to Rs 981.4 crore during the quarter, helped by higher interest and fee, commission & other services income. It shows up in a screener of stocks where FIIs and institutions are increasing their shareholding.

  • Adani Power rises sharply as the Centre reportedly approves an overhead transmission line linking its Godda thermal power plant, currently supplying power to Bangladesh, to the Indian grid. The 400 kV line will pass through 56 villages in Jharkhand’s Godda district.

  • Punjab & Sind Bank's Q2FY26 net profit grows 22.9% YoY to Rs 294.5 crore, helped by lower employee benefits and provisions expenses. Revenue rises 8.9% YoY to Rs 3,373.3 crore, driven by improvements in the corporate and retail banking segments. The bank's asset quality improves as its gross and net NPAs decline 129 bps and 63 bps YoY, respectively.

  • Nuvama maintains a 'Buy' rating on Eternal with a higher target price of Rs 400. The brokerage notes that Q2 was a healthy quarter, with revenue exceeding consensus estimates. However, EBITDA margin stood at 1.8%, falling short of the expected 2.7%. The brokerage attributes this to a slower-than-expected reduction in quick commerce losses, mainly due to higher marketing expenses. Despite this, management guides for 100% CAGR growth in Blinkit over the next two years.

  • Canara HSBC Life Insurance’s shares make a flat debut on the bourses at Rs 106. The Rs 2,517.5 crore IPO received bids for 2.3 times the total shares on offer.

  • Waaree Energies' Q2FY26 net profit misses Forecaster estimates by 3.5% despite rising 133% YoY to Rs 842.6 crore, led by inventory destocking worth Rs 407 crore. Revenue grows 69.7% YoY to Rs 6,065.6 crore, attributed to improvements in the solar photovoltaic modules and engineering, procurement & construction (EPC) contracts segments. It appears in a screener of stocks with rising net cash flow and cash from operating activities.

  • Godrej Industries increases its stake in subsidiary Godrej Capital from 90.9% to 91.1% through a rights issue worth Rs 409 crore. GCL is a core investment company holding stakes in Godrej Housing Finance and Godrej Finance.

  • Goldman Sachs maintains a 'Buy' rating on Kajaria Ceramics with a higher target price of Rs 1,170. The brokerage notes that Q2 marked the 15th consecutive quarter of muted topline growth. Margins remained strong, driven by effective cost management, while volumes declined 1% YoY. The brokerage anticipates a demand recovery, supported by a strong real estate cycle and a favourable base.

  • Cyient is falling as its Q2FY26 net profit declines 17.1% QoQ to Rs 127.5 crore due to higher employee benefits and raw materials expenses. However, revenue grows 2.8% QoQ to Rs 1,831 crore, driven by improvements in the design-led manufacturing (DLM) and semiconductor segments. It shows up in a screener of stocks near their 52-week lows.

  • LTIMindtree's Q2FY26 net profit jumps 11.7% QoQ to Rs 1,401.1 crore, helped by lower finance costs and a deferred tax return of Rs 17 crore. Revenue grows 4.5% QoQ to Rs 10,694.7 crore owing to improvements in the banking, financial services & insurance (BFSI), technology, media & communications, manufacturing & resources, consumer business, and healthcare, life sciences & public services segments. It appears in a screener of stocks with increasing revenue for the past four quarters.

  • Wipro is falling as its Q2FY26 net profit declines 2.5% QoQ to Rs 3,246.2 crore due to higher raw materials, employee benefits, sub-contracting & technical fees, communication, and legal & professional expenses. However, revenue grows 1.9% QoQ to Rs 23,645 crore, helped by improvements in the Americas, Europe, and Asia-Pacific, Middle East, & Africa (APMEA) markets. It shows up in a screener of stocks where promoters are decreasing their shareholding.

  • Infosys' Q2FY26 net profit grows 6.4% QoQ to Rs 7,364 crore, led by deferred tax returns of Rs 324 crore. Revenue jumps 5% QoQ to Rs 45,472 crore, driven by improvements in the financial services, manufacturing, energy, utilities, resources & services, communication, hi-tech, and life sciences segments. It features in a screener of stocks with rising cash flow and cash from operating activities.

  • Nifty 50 was trading at 25,556.75 (-28.6, -0.1%), BSE Sensex was trading at 83,357.76 (-109.9, -0.1%), while the broader Nifty 500 was trading at 23,536.55 (-27.3, -0.1%).

  • Market breadth is in the red. Of the 2,109 stocks traded today, 972 were on the uptick, and 1,072 were down.

Riding High:

Largecap and midcap gainers today include Adani Power Ltd. (165.98, 5.5%), Asian Paints Ltd. (2,507.80, 4.1%) and Bharti Hexacom Ltd. (1,816.20, 3.8%).

Downers:

Largecap and midcap losers today include Wipro Ltd. (240.90, -5.1%), JSW Infrastructure Ltd. (297.20, -3.8%) and YES Bank Ltd. (22.25, -3.8%).

Movers and Shakers

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

Top high volume gainers on BSE included Whirlpool of India Ltd. (1,384.40, 11.8%), Bombay Burmah Trading Corporation Ltd. (1,999.70, 5.9%) and Delhivery Ltd. (465.35, 4.2%).

Top high volume losers on BSE were Sterling and Wilson Renewable Energy Ltd. (226.47, -6.8%), Wipro Ltd. (240.90, -5.1%) and G R Infraprojects Ltd. (1,175, -4.8%).

CIE Automotive India Ltd. (431.90, 1.4%) was trading at 24.8 times of weekly average. Go Digit General Insurance Ltd. (350.05, -2.5%) and Atul Ltd. (5,952, 2.1%) were trading with volumes 12.4 and 9.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

11 stocks overperformed with 52 week highs, while 4 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Apollo Hospitals Enterprise Ltd. (7,901.50, 0.9%), Fortis Healthcare Ltd. (1,084.90, -0.9%) and Mahindra & Mahindra Financial Services Ltd. (300.10, 2.3%).

Stocks making new 52 weeks lows included - Finolex Cables Ltd. (782.90, -1.1%) and SKF India Ltd. (2,219, -0.3%).

23 stocks climbed above their 200 day SMA including Whirlpool of India Ltd. (1,384.40, 11.8%) and Bombay Burmah Trading Corporation Ltd. (1,999.70, 5.9%). 21 stocks slipped below their 200 SMA including G R Infraprojects Ltd. (1,175, -4.8%) and JSW Infrastructure Ltd. (297.20, -3.8%).

 
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Trendlyne Marketwatch
16 Oct 2025
Market closes higher, Kajaria Ceramics' Q2 profit beats estimates by 9%
By Trendlyne Analysis

Nifty 50 closed at 25,585.30 (261.8, 1.0%), BSE Sensex closed at 83,467.66 (862.2, 1.0%) while the broader Nifty 500 closed at 23,563.80 (186.5, 0.8%). Market breadth is in the green. Of the 2,585 stocks traded today, 1,430 showed gains, and 1,106 showed losses.

Indian indices closed in the green, led by gains in the banking sector and rising optimism over US-India trade talks. The Indian volatility index, Nifty VIX, rose 3.2% and closed at 10.9 points. Ashok Leyland closed 1% higher as it secured a Rs 668.8 crore order to supply 1,937 buses to the Tamil Nadu government.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the green, following the benchmark index. Nifty FMCG and BSE Realty Index were among the top index gainers today. According to Trendlyne’s Sector dashboard, Textiles Apparels & Accessories emerged as the best-performing sector of the day, with a rise of 1.9%.

Asian indices closed mixed, while European indices are trading higher. US index futures traded higher, indicating a positive start to the trading session. US Treasury Secretary Scott Bessent added to fears of a US-China trade war, saying the Trump administration is unlikely to soften its tough stance, even if markets react negatively. Trump also threatened to cut trade with China in the cooking-oil sector, accusing it of deliberately avoiding US soybean purchases.

  • Money flow index (MFI) indicates that stocks like Tata Communications, Multi Commodity Exchange, Fortis Healthcare, and 360 One Wam are in the overbought zone.

  • Kajaria Ceramics is rising as its Q2FY26 revenue grows 2.1% YoY to Rs 1,186 crore, driven by improvements in the tiles and bathware & sanitaryware segments. Net profit jumps 57.8% YoY to Rs 133 crore during the quarter. It appears in a screener of stocks with rising quarterly net profit and profit margin QoQ.

  • Mastek is rising as its Q2FY26 net profit grows 5.9% QoQ to Rs 97.5 crore, led by lower finance and depreciation & amortisation expenses. Revenue increases 3.3% QoQ to Rs 955.5 crore, driven by improvements in the UK, Europe and North America operations. It appears in a screener of undervalued growth stocks.

  • Manoj Kumar Dubey, CMD & CEO of IRFC, says the company is targeting double-digit PAT growth and may exceed its FY26 sanction guidance of Rs 60,000 crore, having already sanctioned Rs 45,000 crore in H1. He expects net interest margin (NIM) to improve each quarter and aims for a double-digit yield. While there are no current orders to fund Indian Railways, he confirms IRFC will support future funding needs.

  • Indian Bank rises to its all-time high of Rs 806 per share as its Q2FY26 net profit grows 11.5% YoY to Rs 3,018.2 crore, helped by lower provisions. Revenue jumps 7.4% YoY to Rs 19,076.6 crore, led by improvements in the treasury operations and retail banking segments. The bank's asset quality improves as its gross and net NPAs decline by 88 bps and 11 bps YoY, respectively.

  • Ashok Leyland rises as it receives an order worth Rs 668.8 crore from the Tamil Nadu government. The company will supply 1,937 low-floor diesel buses to be used by state transport undertakings.

  • DB Corp is rising as its Q2FY26 net profit grows 13.2% YoY to Rs 93.5 crore, led by lower depreciation & amortisation expenses. Revenue increases 9% YoY to Rs 634.7 crore, helped by improvements in the printing, publishing & allied business, and radio segments. It appears in a screener of stocks with improving net cash flow over the past two years.

  • TCS reduces about 1% of its workforce, or roughly 6,000 employees, as part of an ongoing restructuring. Chief HR Officer Sudeep Kunnumal highlights that there is no fixed target for workforce rationalisation, and performance reviews will continue as the company realigns its strategy. He also dismisses reports of 50,000–80,000 job cuts as highly exaggerated.

  • Indian Overseas Bank's Q2FY26 net profit jumps 57.8% YoY to Rs 1,226.4 crore, led by lower provisions and employee benefits expenses. Revenue grows 8.6% YoY to Rs 9,214.2 crore owing to improvements in the treasury operations and corporate banking segments. The bank's asset quality improves as its gross and net NPAs decline 89 bps and 19 bps YoY, respectively.

  • Nestle India surges to its 52-week high of Rs 1,281.2 as its Q2FY26 revenue grows 10.5% YoY to Rs 5,645.3 crore, driven by improvements in the confectionery products, powdered & liquid beverages, prepared dishes & cooking aids, pet food, and out-of-home (OOH) business segments. However, net profit declines 17.4% YoY to Rs 743.2 crore due to higher raw materials, inventory, employee benefits and finance costs. It features in a screener of stocks with prices above short, medium and long-term moving averages.

  • Suven Life Sciences rises as Sunil Singhania adds the company to his portfolio. He buys a 1.3% stake in the firm in Q2FY26.

  • Nomura maintains its March 2026 Nifty 50 target at 26,140, implying a 4% upside from current levels. It expects mid-single-digit earnings growth in FY26 and sees downside risks to consensus estimates. While Indian equities have underperformed global peers over the past year, they’ve delivered a 12.4% CAGR over five years. Nomura also notes that valuations have returned to pre-pandemic emerging market premium levels.

  • Anantam Highways InvIT's shares debut on the bourses at a 3% premium to the issue price of Rs 100. The Rs 400 crore IPO received bids for 5.6 times the total shares on offer.

  • Angel One is rising as its Q2FY26 revenue beats Forecaster estimates by 11.4% despite falling 20.6% YoY to Rs 1,204.2 crore due to reductions in client acquisition and the number of orders. Net profit decreases by 50% YoY to Rs 211.7 crore, caused by higher finance and employee benefits expenses. It appears in a screener of stocks with a reduction in provisions.

  • Canara Robeco Asset Management's shares debut on the bourses at a 5.4% premium to the issue price of Rs 266. The Rs 1,326.1 crore IPO received bids for 9.7 times the total shares on offer.

  • Anil Gupta, CMD of KEI Industries, highlights the company’s focus on maintaining domestic growth, while increasing exports to 18–19% of total revenue in FY26. Exports contributed 17.5% to revenue in Q2. The Sanand project (Phase I) is now scheduled for commissioning in November, delayed from the earlier guidance of September. Additionally, the commissioning of the Extra High Voltage (EHV) project has been postponed to Q4FY27, from the previously expected H1FY27.

  • Rubicon Research's shares debut on the bourses at a 27.8% premium to the issue price of Rs 485. The Rs 1,377.5 crore IPO received bids for 103.9 times the total shares on offer.

  • Bharat Electronics is rising as it secures orders worth Rs 592 crore for tank subsystems and overhauling, communication equipment, combat management systems, ship data networks, train collision avoidance systems (Kavach), laser dazzlers, jammers, and related services.

  • RBL Bank's board of directors schedules a meeting on October 18 to consider a proposal to raise funds by issuing securities through preferential issue, private placement or other modes.

  • India's merchandise trade deficit widens to a 13-month high of $32.2 billion in September. The rise was driven by a surge in gold and silver imports, as well as a sharp decline in exports to the US following President Trump’s announcement of tariffs of up to 50% on Indian goods. Exports to the US fell to $5.4 billion from $6.9 billion in August, with textiles, shrimp, and gems & jewellery among the hardest hit.

  • L&T Finance falls as its Q2FY26 net profit misses Forecaster estimates marginally despite rising 5.6% YoY to Rs 734.8 crore. Revenue grows 7.9% YoY to Rs 4,335.8 crore, helped by higher interest income. It features in a screener of stocks where promoters are decreasing their shareholding.

  • HDFC Life Insurance is falling sharply as its Q2FY26 revenue declines 28.3% YoY to Rs 20,422.1 crore due to reductions in the group pension and group life insurance segments. However, net profit grows 3% YoY to Rs 448.3 crore, helped by a Rs 46 crore return from provisions. It shows up in a screener of stocks where promoters are decreasing their shareholding.

  • Oberoi Realty is rising as its Q2FY26 net profit grows 29% YoY to Rs 760.3 crore. Revenue jumps 35.8% YoY to Rs 1,844.8 crore, led by improvements in the real estate and hospitality segments. It features in a screener of stocks with increasing RoCE in the last two years.

  • Axis Bank's Q2FY26 net profit declines 25.3% YoY to Rs 5,527.9 crore due to higher interest & tax expenses, and provisions. However, revenue grows 1.4% YoY to Rs 39,769.9 crore, helped by improvements in the corporate and retail banking segments. The bank's asset quality worsens as its gross and net NPAs rise by 2 bps and 10 bps YoY, respectively, during the quarter.

  • Nifty 50 was trading at 25,412.15 (88.6, 0.4%), BSE Sensex was trading at 82,794.79 (189.4, 0.2%), while the broader Nifty 500 was trading at 23,453.45 (76.1, 0.3%).

  • Market breadth is highly positive. Of the 2,080 stocks traded today, 1,531 were on the uptrend, and 489 went down.

Riding High:

Largecap and midcap gainers today include Oberoi Realty Ltd. (1,687.10, 5.4%), Nestle India Ltd. (1,276.60, 4.5%) and Sona BLW Precision Forgings Ltd. (468.55, 3.6%).

Downers:

Largecap and midcap losers today include Max Financial Services Ltd. (1,552.40, -3.5%), Hyundai Motor India Ltd. (2,358.20, -2.5%) and HDFC Life Insurance Company Ltd. (742.85, -2.4%).

Volume Shockers

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

Top high volume gainers on BSE included BLS International Services Ltd. (324.50, 16.5%), Craftsman Automation Ltd. (6,800.50, 5.9%) and Oberoi Realty Ltd. (1,687.10, 5.4%).

Top high volume losers on BSE were KEI Industries Ltd. (4,172.60, -5.6%), Chennai Petroleum Corporation Ltd. (735.55, -3.0%) and HDFC Life Insurance Company Ltd. (742.85, -2.4%).

Mangalore Refinery And Petrochemicals Ltd. (143.59, 1.1%) was trading at 22.3 times of weekly average. Poly Medicure Ltd. (1920.50, 4.5%) and Atul Ltd. (5,828, 1.1%) were trading with volumes 9.0 and 7.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

15 stocks hit their 52 week highs, while 2 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Bajaj Finance Ltd. (1,065.75, 0.6%), Bank of Maharashtra (57.63, -2.8%) and Canara Bank (127.37, -0.8%).

Stocks making new 52 weeks lows included - SKF India Ltd. (2,225.80, -1.8%) and KNR Constructions Ltd. (185.93, 0.0%).

31 stocks climbed above their 200 day SMA including Ola Electric Mobility Ltd. (55.38, 5.0%) and Gujarat Fluorochemicals Ltd. (3744.50, 3.6%). 9 stocks slipped below their 200 SMA including SKF India Ltd. (2,225.80, -1.8%) and Lloyds Metals & Energy Ltd. (1,322.60, -1.5%).

 
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The Baseline
16 Oct 2025
Analysts pick their winners: Five stocks set to shine in Q2FY26
By Tejas MD

Just when you thought it was safe to check your portfolio, Donald Trump reclaimed his title as the market’s main character.

It was a week of drama. On Friday, his tariff threat against China tanked the markets; by Monday, a breezy assurance of “All will be fine” sent them rallying back. All this played out in the wake of the Nobel Peace Prize announcement, an award everyone except Trump knew he wouldn't win.

Volatility rules in 2025. Fear gauges like Nifty VIX are surging, and the earnings season promises more twists.

On the upside, our Diwali discounts are live, giving you access to a subscription that helps you improve your portfolio returns even in a moody market.

The real challenge now isn't predicting Trump's next tweet, but finding companies that are seeing momentum and likely to post strong results. Let's dig them out. 

Potential winners from analysts: Five stocks expected to shine in Q2FY26

As we kick off the Q2FY26 results, we shortlist five stocks from the Nifty 500 that are expected to post high revenue and net profit growth, according to Trendlyne’s Forecaster.

These companies have already set the bar high with strong results in Q1FY26.

Auto sector takes the spotlight with two of five stocks

The spotlight is on the auto sector, with two of the five stocks—Eicher Motors and Endurance Tech — leading the charge. Other stocks include the wires biz Polycab, infra bigwig Larsen & Toubro, and the hotels company Lemon Tree Hotels. 

All five stocks have outpaced the Nifty 50 over the past quarter and year.

All five stocks top the benchmark over the past quarter and year

The stocks in focus have either ‘Good’ or ‘Medium’ scores across the Durability, Valuation, and Momentum categories. Endurance Tech stands out here with high Durability and Momentum scores, with a DVM classification of ‘Strong Performer, Getting Expensive’. 

Stocks in focus have good Durability scores with strong fundamentals

Consumption-focused sectors like auto, consumer durables and hotels are expected to see strong results on the back of GST cuts. Rising disposable incomes and festive season tailwinds are fuelling growth. Meanwhile, infra companies like L&T are riding the wave of higher government spending on infra projects, an renewable energy spends.

Endurance Technologies pumps the accelerator on global EV growth

Endurance Technologies, a major auto components player in India and Europe, supplies aluminium castings, suspensions, transmissions, braking systems, and battery systems.

Its revenue driver is India’s two and three-wheeler segments, boosted by new model launches. A rising focus on EV components, combined with the upcoming ABS mandate for two-wheelers, effective from January 2026, is expected to drive growth.

EV order wins and two-wheeler demand power Endurance Tech’s revenue

The company has a significant presence in Europe, which now contributes 30% of its revenue. Q1FY26 Europe sales rose 28.5% despite a weak market, driven by the Stöferle acquisition, robust new orders, and electric and hybrid vehicle component sales.

Tariffs remain a challenge for exports. On Europe’s outlook, Massimo Venuti, CEO of Endurance Overseas, said, “In this moment, it is very difficult to predict the next 18 months. Spain is the only market growing in double digits because of government incentives. Everybody in Germany, France, and Italy is waiting for this incentive, which would be a growth booster.”

Larsen & Toubro rides the wave on strong global orders

Larsen & Toubro (L&T), India's engineering and infrastructure giant, reported strong revenue growth in Q1FY26, driven by solid execution across key sectors including Hydrocarbon, Precision Engineering, and Heavy Engineering. International revenues now make up a big portion of total revenue, highlighting L&T's expanding global footprint.

Strong international order execution to boost L&T’s topline 

The company recently won a landmark 'ultra-mega' order (Rs 15,000 crore) for the development of a Natural Gas Liquids (NGL) plant and associated infrastructure in the Middle East. 

Analysts expect revenue and profit to grow YoY and QoQ in Q2FY26, driven by execution in the international order book.

Lemon Tree Hotels makes lemonade from rising travel demand

Strong demand from corporate and leisure travel is set to boost Lemon Tree Hotels’ Q2 revenue, driven by new properties, higher occupancy, and rising average room rates.

Recent additions, including Lemon Tree Suites in Nashik, a 135-room property in Maharashtra, Lemon Tree Premier in Surat, and Keys Lite in Kharar, are expected to boost the company’s presence and revenue in the coming quarters.

New openings and higher occupancy drive Lemon Tree Hotels’ revenue surge

Average revenue per available room (RevPAR) rose 19.4% YoY in Q1, while occupancy improved six percentage points to 72.5%. 

On expanding into villas and the alternate luxury segment, Patanjali G. Keswani, MD, said, “We are in the mid-market. We want to focus on the 2.5-star to 4.5-star segment. That means mid-scale, upper mid-scale, and upscale. The opportunity in India is so big that we do not want to dabble in other areas or pivot our business model.”

Eicher Motors shifts gears with pricing and GST boost

Eicher Motors enters Q2FY26 on strong momentum, driven by record-breaking sales and strategic pricing. In September 2025, Royal Enfield posted its highest-ever monthly sales, delivering 1,24,328 motorcycles—a 43% year-on-year rise—boosted by the GST cut on bikes up to 350cc, which lowered taxes from 28% to 18% and spurred demand.

Eicher Motors rides strong Q2FY26 momentum on record Royal Enfield sales

However, premium motorcycles above 350cc, including the Himalayan and 650cc models, now attract a 40% GST, raising costs for buyers. Strategic pricing and promotional offers are helping sustain demand in this segment. 

Speaking about the GST increase for >350cc motorcycles, Eicher Motors Executive Chairman Siddhartha Lal, said, "Lowering GST for less than 350cc will help broaden access, but raising GST for over 350cc would damage a segment vital to India's global edge”. 

Polycab India: Charging ahead on renewables and export demand

Polycab India is set for growth in Q2FY26, driven by demand across its segments. The Wires & Cables division, which makes up around 88% of sales, is expected to see momentum from infrastructure development and increased government spending.

Infrastructure push and renewable trends drive Polycab’s momentum

The fast-moving electrical goods (FMEG) segment, including solar products, is also growing. On the export front, one-third of Polycab’s shipments go to the US. Recent tariff increases on Chinese products could provide a competitive tailwind, boosting Polycab’s positioning in key markets.

Analysts remain optimistic. Jefferies has a ‘Buy’ rating on the stock with a target of Rs 8,180 per share, citing the company’s diversified revenue streams and strong market fundamentals. 

Follow live Q2 results here.

 
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Trendlyne Marketwatch
15 Oct 2025
Market closes higher, Jindal Stainless plans Rs 1,325 cr capex for slag plant
By Trendlyne Analysis

Nifty 50 closed at 25,323.55 (178.1, 0.7%), BSE Sensex closed at 82,605.43 (575.5, 0.7%) while the broader Nifty 500 closed at 23,377.35 (193.3, 0.8%). Market breadth is in the green. Of the 2,586 stocks traded today, 1,530 were gainers and 1,015 were losers.

Indian indices closed higher after extending gains in the afternoon session. The Indian volatility index, Nifty VIX, fell 5.6% and closed at 10.5 points. Tech Mahindra closed lower as its Q2FY26 net profit missed Forecaster estimates despite rising 4.7% QoQ to Rs 1,194.5 crore.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, tracking the benchmark index. Nifty Realty and S&P BSE Telecom were among the best-performing indices of the day. According to Trendlyne’s sector dashboard, Hardware Technology & Equipment emerged as the highest-performing sector of the day, with a rise of 3.3%.

European indices are trading higher, except Russia’s RTSI and the UK’s FTSE 100 indices, which are trading 0.3% and 0.4% lower, respectively. Major Asian indices closed in the green, except Indonesia’s IDX Composite index, which closed 0.5% lower. US index futures are trading higher, indicating a positive start to the session as investors anticipate more Federal Reserve rate cuts this year. Meanwhile, ASML Holding, Bank of America and Morgan Stanley are set to report their results later today.

  • Relative strength index (RSI) indicates that stocks like CE Info Systems, Multi Commodity Exchange, Federal Bank, and Tata Communications are in the overbought zone.

  • DCM Shriram rises as it expands its capacity by adding a 35,000 tonnes per annum (TPA) epichlorohydrin (ECH) plant in Gujarat. The company plans to add the remaining 17,000 TPA capacity in Q3FY26.

  • Tata Communications surges to its 52-week high of Rs 1,999 per share as its Q2FY26 revenue grows 6% YoY to Rs 6,082.5 crore, led by improvements in the campaign registry and data services segments. However, net profit declines 19.4% YoY to Rs 183.1 crore due to higher network & transmission, employee benefits, and finance costs. It features in a screener of affordable stocks with high RoE and momentum.

  • Indian Railway Finance Corp's net profit grows 10.2% YoY to Rs 1,777 crore in Q2FY26, helped by lower finance costs. However, revenue decreases by 7.6% YoY to Rs 6,371.9 crore due to lower lease income. It shows up in a screener of stocks where mutual funds increased their shareholding over the past quarter.

  • Hyundai Motor India plans to launch eight hybrid models across segments and expand its portfolio to 18 products by FY30, up from 14 currently. It aims to invest around Rs 45,000 crore between FY26 and FY30, targeting 7% CAGR in domestic sales. It also projects an EBITDA margin of 11–14% over the same period.

  • Jindal Stainless is rising as it plans to double its slag processing capacity by setting up a new plant in a partnership with Harsco Environmental, with a capex of $150 million (~Rs 1,324.9 crore).

  • Mishra Dhatu Nigam is rising as it bags an order worth Rs 306 crore, taking its open order book to Rs 2,212 crore.

  • TCC Concept rises as its board of directors approves acquiring a 95.2% stake in Pepperfry for Rs 659.4 crore.

  • Jefferies retains a 'Buy' rating on Larsen & Toubro with a higher target price of Rs 4,345. The brokerage believes L&T is well-positioned to meet or surpass its FY26 targets for revenue, order inflow, and margins. It notes that a strong growth outlook, with conservative guidance, should support the stock. It also highlights a recent order win to construct new 132kV substations in the Middle East to meet rising electricity demand.

  • Bank of Maharashtra rises sharply as its Q2FY26 net profit grows 25.2% YoY to Rs 1,668.6 crore, led by lower provisions expenses. Revenue jumps 17.1% YoY to Rs 7,973.9 crore, helped by improvements in the treasury operations, corporate and retail banking segments. The bank's asset quality improves as its gross and net NPA decline 12 bps and 2 bps YoY, respectively.

  • Power Mech Projects rises as it secures a Rs 2,500 crore order from Bharat Heavy Electricals (BHEL) for the 800 MW Singareni thermal power project in Telangana. The EPC contract includes design, supply, construction, and commissioning of key plant systems.

  • Star Cement's board of directors approves raising Rs 1,500 crore by issuing securities through a private placement, preferential issue or other modes.

  • The Society of Indian Automobile Manufacturers (SIAM) data reports a 6.7% YoY growth in domestic two-wheeler sales at 21.6 lakh units in September. Passenger vehicle sales rise 4.4% YoY to 3.7 lakh units. Three-wheeler sales increase by 5.5% to 84,000 units.

  • Ashish Kacholia cuts stake in Awfis Space Solutions to below 1% in Q2FY26. He held a 1.6% stake in the company in Q1FY26.

  • Hyundai Motor India is rising as its board of directors appoints Tarun Garg as its Managing Director (MD) & Chief Executive Officer (CEO), succeeding Unsoo Kim, effective January 1, 2026.

  • Thyrocare Technologies surges to its all-time high of Rs 1,474 per share as its Q2FY26 net profit jumps 79.9% YoY to Rs 48 crore, helped by lower inventory and finance costs. Revenue grows 22% YoY to Rs 219.6 crore, driven by an improvement in the diagnostic testing services segment. It features in a screener of stocks with YoY growth in operating profit and operating margins.

  • Nomura initiates coverage on LG Electronics India with a 'Buy' rating and a target price of Rs 1,800. The brokerage believes India’s favourable demographics and low penetration of major appliances provide strong medium-term growth potential. It projects the company to deliver a solid return on equity (RoE) of 31% and return on invested capital (RoIC) of 56% in FY28.

  • Ashish Kacholia adds Jain Resource Recycling to his portfolio in Q2FY26. He buys a 1.1% stake in the company.

  • ICICI Lombard General Insurance rises sharply as its Q2FY26 net profit grows 18.1% YoY to Rs 819.5 crore. Revenue jumps 12.5% YoY to Rs 6,582.7 crore, helped by improvements in the fire, marine, and health insurance segments. It appears in a screener of stocks with a decrease in provisions.

  • Cyient DLM is falling sharply as its Q2FY26 revenue declines 16% YoY to Rs 333.3 crore due to reductions in the defence and printed circuit board assembly (PCBA) segments. However, net profit surges 108% YoY to Rs 32.1 crore, led by lower raw materials, inventory, and finance costs. It shows up in a screener of stocks with growing costs YoY for long-term projects.

  • Elara maintains an 'Accumulate' rating on ICICI Prudential Life Insurance with a lower target price of Rs 690. The brokerage notes value of new business (VNB) margin rose to ~24.4% in Q2FY26, led by a favourable product mix and improved cost ratios. Annual premium equivalent (APE) declined ~3.3% YoY, impacted by a high base and weaker demand for Unit-Linked Insurance Plans (ULIPs) and annuities. However, it expects growth to rebound in H2FY26, and projects full-year APE growth of ~3%.

  • Persistent Systems rises sharply as its Q2FY26 net profit grows 11% QoQ to Rs 471.5 crore, owing to deferred tax returns of Rs 25.7 crore. Revenue jumps 7.2% QoQ to Rs 3,632.5 crore, driven by improvements in the banking, financial services & insurance (BFSI), healthcare & lifesciences, and software, hi-tech & emerging industries segments. It features in a screener of stocks with high trailing twelve-month (TTM) EPS growth.

  • Saatvik Green Energy's subsidiary, Saatvik Solar Industries, receives orders worth Rs 638.9 crore from independent power producers. The orders involve the supply of solar PV modules, scheduled for completion by June 2026.

  • Keystone Realtors falls sharply as it launches an offer for sale worth up to Rs 251.7 crore, with promoters Boman Irani, Chandresh Mehta, and Percy Chowdhry divesting up to a 3.6% stake. The floor price is set at Rs 550 per share, 10.2% below Tuesday's close.

  • Tech Mahindra's Q2FY26 net profit misses Forecaster estimates by 6.9% despite rising 4.7% QoQ to Rs 1,194.5 crore, helped by a deferred tax credit of Rs 78 crore. Revenue increases 4.8% QoQ to Rs 13,994.9 crore, driven by improvements in the IT and business process services (BPS) segments. It shows up in a screener of stocks with zero promoter pledge.

  • Nifty 50 was trading at 25,241.25 (95.8, 0.4%), BSE Sensex was trading at 82,197.25 (167.3, 0.2%), while the broader Nifty 500 was trading at 23,275.10 (91.1, 0.4%).

  • Market breadth is highly positive. Of the 2,070 stocks traded today, 1,346 were on the uptick, and 645 were down.

Riding High:

Largecap and midcap gainers today include ICICI Lombard General Insurance Company Ltd. (2,020.30, 8.9%), Persistent Systems Ltd. (5,724.60, 7.2%) and Prestige Estates Projects Ltd. (1,676, 4.5%).

Downers:

Largecap and midcap losers today include Oracle Financial Services Software Ltd. (8,757, -2.2%), PB Fintech Ltd. (1,674.10, -2.0%) and ICICI Prudential Life Insurance Company Ltd. (588, -1.7%).

Volume Shockers

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

Top high volume gainers on BSE included ICICI Lombard General Insurance Company Ltd. (2,020.30, 8.9%), Bank of Maharashtra (59.30, 7.6%) and Persistent Systems Ltd. (5,724.60, 7.2%).

Top high volume losers on BSE were Nuvoco Vistas Corporation Ltd. (404.70, -5.2%), Apar Industries Ltd. (8,355.50, -1.8%) and ICICI Prudential Life Insurance Company Ltd. (588, -1.7%).

Newgen Software Technologies Ltd. (887, 4.4%) was trading at 22.9 times of weekly average. Timken India Ltd. (2,929.30, 0.7%) and Sobha Ltd. (1,506.90, 4.7%) were trading with volumes 7.6 and 6.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

9 stocks took off, crossing 52 week highs, while 5 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Bajaj Finance Ltd. (1,059.90, 4%), Bank of Maharashtra (59.30, 7.6%) and Canara Bank (128.41, 2.6%).

Stocks making new 52 weeks lows included - SKF India Ltd. (2,266.10, -54.8%) and Godrej Agrovet Ltd. (652.95, -0.5%).

16 stocks climbed above their 200 day SMA including ICICI Lombard General Insurance Company Ltd. (2,020.30, 8.9%) and Persistent Systems Ltd. (5,724.60, 7.2%). 12 stocks slipped below their 200 SMA including SKF India Ltd. (2,266.10, -54.8%) and Oracle Financial Services Software Ltd. (8,757, -2.2%).

 
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The Baseline
15 Oct 2025
By Divyansh Pokharna

For nearly three years after the Covid-19 pandemic, people in small towns and villages spent cautiously. Local shops stocked only essentials, many brands saw their rural sales flatten, and even festive spending was muted. But over the past few quarters, that quiet is breaking. Shelves are moving again, and trucks carrying consumer goods are back on the highways.

At first glance, it looks like a comeback story—the kind every business loves. Rural India, which makes up nearly 60% of the country’s population, is once again driving demand. Big names like Hindustan Unilever, Godrej Consumer Products, Dabur, and Marico are upbeat in their quarterly calls, highlighting strong rural momentum. It’s the first real spark of hope after three muted years.

But the story isn’t as simple as it seems. Higher incomes or better farm earnings aren’t powering the current uptick — it’s being driven by falling prices. Disinflation, particularly in food items, has acted like a temporary income boost for rural households. When grocery bills stop rising, every rupee stretches further, and that’s translating into more purchases of soap, cooking oil, and snacks — even without a real rise in wages. 

In contrast, farm incomes themselves haven’t seen a meaningful increase. Although output has improved following a decent monsoon, crop prices have largely remained flat, leaving farmers with little extra money. Rural families are spending more, but it’s not because they’re making extra money—it’s just that things have become cheaper.

Meanwhile, household finances are showing stress. Savings have fallen to 13.2% of income from over 16% in September 2024, while the consumption-to-income ratio rose to 65.6% from 60.9%. 

Gold loan volumes are soaring, and one in five rural families is borrowing from informal, high-interest sources. In short, people are spending more, but they’re doing it by dipping into savings and pledging gold.

As a report from Zerodha points out, “The surge in rural FMCG sales is more a reflection of disinflationary pressures and rising gold loan volumes than a genuine rise in income levels.”

So, what’s really happening beneath the surface? In this edition of Chart of the Week, we’ll explore both sides — the reasons rural shelves are moving again, and the deeper cracks that suggest that this might not be the durable recovery it appears to be.

Why is rural demand moving again?

The biggest reason for the current rural momentum is disinflation — a sharp drop in price pressures that has eased household budgets. In September 2025, food prices fell 2.3% year-on-year, with vegetable prices plunging over 21%. For families that spend nearly half their income on food, that kind of price relief feels like a pay raise.

The effect is visible in corporate numbers. During the Q1FY26 results, Hindustan Unilever reported that its rural sales have outpaced urban growth. CEO Ritesh Tiwari summed it up during an earnings call: “Our rural business, about one-third of our sales, is seeing stronger growth than urban markets. Rural disposable incomes were low, but easing food inflation, government support, and good harvests boosted consumption and recovery.”

Dabur also highlighted that rural sales growth was driven by volume increases, not just price hikes. This is an important distinction because it signals that people are genuinely consuming more.

The pattern is clear: the recovery is concentrated in smaller, budget-friendly items, not premium products. Rural households haven’t suddenly become wealthier; they are just finding it easier to make every rupee go a little further. Together, cheaper food and stable commodity prices have created a short-term window of relief — at least for now.

The fragile reality beneath the surface

The core issue here is that higher farm output hasn’t translated into higher income. While better weather led to bigger harvests, the prices for those crops have remained flat. Mandi prices for staples like wheat have stagnated for months, and wholesale food inflation has contracted since April. Farmers sold more but earned roughly the same, which means there was no significant income boost to fuel a lasting recovery.

Even the “good monsoon” wasn’t universal; while some regions benefited, others faced trouble. Andhra Pradesh and Telangana, for example, have been hit by floods, damaging cotton and maize production. In these areas, a favourable weather forecast turned into a disaster, highlighting agriculture's vulnerability to unpredictable climate events.

The temporary spike in spending is therefore largely a result of disinflation (falling inflation). While this offered short-term relief, analysts warn it may not last. Around 45% of rural households report that their income has not grown, marking the highest level of income stagnation in over a decade.

Household finances reveal further signs of fragility. Savings have fallen, borrowing has risen, and more families are turning to gold loans or informal lenders. Gold loans, in particular, are a red flag — they’re quick fixes, not long-term investments. Most people use them to meet short-term expenses, not to build assets.

Looking ahead, the next few quarters could hold up due to healthy acreage, easier credit, the festive season, and GST cuts on essentials. Staples and entry-level discretionary items may continue moving, but the momentum is highly sensitive. A spike in commodity prices or adverse weather could quickly undo the gains. For businesses counting on a rural boom, a dose of caution is essential

 
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Trendlyne Marketwatch
14 Oct 2025
Market closes lower, ICICI Prudential's Q2 revenue falls 52% YoY
By Trendlyne Analysis

Nifty 50 closed at 25,145.50 (-81.9, -0.3%), BSE Sensex closed at 82,029.98 (-297.1, -0.4%) while the broader Nifty 500 closed at 23,184.05 (-110.8, -0.5%). Market breadth is sharply down. Of the 2,593 stocks traded today, 605 were on the uptrend, and 1,937 went down.

Indian indices closed lower after erasing gains in the morning session. The Indian volatility index, Nifty VIX, rose 1.3% and closed at around 11.2 points. LG Electronics India's shares made their debut on the bourses at a 50% premium to the issue price of Rs 1,140. The Rs 11,607 crore IPO received bids for 54 times the total shares on offer.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red, following the benchmark index. Nifty PSU Bank and Nifty Metal closed lower. According to Trendlyne’s Sector dashboard, Telecommunications Equipment emerged as the worst-performing sector of the day, with a fall of 3.2%.

European indices are trading flat or lower. Major Asian indices ended mixed. US index futures are trading in the red, indicating a cautious start to the session as investors await comments from Federal Reserve Chair Jerome Powell. Meanwhile, JPMorgan Chase, Johnson & Johnson, Wells Fargo, Goldman Sachs, and Citigroup are set to report their earnings today.

  • Money flow index (MFI) indicates that stocks like CE Info Systems, Fortis Healthcare, Yes Bank, and Pfizer are in the overbought zone.

  • LT Foods is rising as it plans to acquire a 100% stake in Hungary-based Global Green Europe Kft. for €25 million (approximately Rs 256.5 crore). The acquisition helps the company diversify into the European canned food market and expand its presence in Central and Southern Europe.

  • SG Finserve rises sharply as its Q2FY26 net profit surges 101.1% YoY to Rs 28.4 crore, led by lower employee benefits and impairment on financial instruments expenses. Revenue jumps 141.9% YoY to Rs 74.7 crore during the quarter. The company's board appoints Vinay Gupta as the Chief Executive Officer (CEO), succeeding Sorabh Dhawan, effective November 24.

  • ICICI Prudential Life Insurance's Q2FY26 net profit surges 17.8% YoY to Rs 295.8 crore, driven by a 10% YoY growth in net premium income. However, revenue decreases 52% YoY to Rs 12,015 crore due to a sharp drop in income from investments. Value of new business (VNB) rises 1% YoY. The company appears in a screener of stocks with book value per share improving over the last two years.

  • HDFC Securities maintains a 'Buy' rating on MCX with a target price of Rs 10,000. The brokerage highlights strong growth in the company’s options premium average daily traded value (ADTV), which rose to Rs 6,700 crore in October 2025 from Rs 4,100 crore in Q2FY25. This increase is driven by a surge in gold and silver volumes, now contributing 60% of total notional volume and 30% of premium ADTV.

  • Cochin Shipyard is rising as it bags an order worth over Rs 2,000 crore from a European client for six 1,700 twenty-foot equivalent unit (TEU) feeder container vessels powered by liquified natural gas (LNG).

  • Kernex Microsystems surges to its 10% upper circuit as it receives approval from the Research Designs and Standard Organization (RDSO) for its Kavach System 4.0. This gives the company the nod to begin deliveries for orders worth Rs 3,346.4 crore for the Kavach System.

  • Landmark Cars surges over 9% as its Q2FY26 revenue rises 30.5% YoY to Rs 1,655 crore, driven by a 35% increase in vehicle sales.

  • India’s WPI inflation eases to 0.1% in September from 0.5% in August, led by a decline in prices of food, fuel, and primary articles. Manufactured products, the largest component of the WPI basket, record a slight rise of 0.2% during the month.

  • Motilal Oswal upgrades Swiggy to a 'Buy' call from 'Neutral' with a higher target price of Rs 550 per share. This indicates a potential upside of 26.1%. The brokerage believes that the company's food delivery growth, improvement in Instamart average order value (AOV), and focus on increasing operating efficiency will drive growth. It expects the firm's revenue to deliver a CAGR of 38.4% over FY26-28.

  • Vijay Kedia buys a 1.9% stake in Global Vectra Helicorp in Q2FY26. He now holds a 4.9% stake in the company.

  • Zuari Maroc Phosphates acquires a 24.5% stake (or 2.9 crore shares) in Mangalore Chemicals & Fertilizers, worth approx. Rs 911.9 crore.

  • Nuvama stays cautious on Indian equities, citing an unfavourable risk–reward despite policy easing. The brokerage expects continued earnings downgrades due to weak exports and slower government spending, which outweigh gains from GST cuts. It downgrades banking and financial services (BFSI) while upgrading information technology (IT), indicating a potential sectoral rotation in portfolios.

  • Indian Renewable Energy Development Agency is rising as its Q2FY26 net profit jumps 41.7% YoY to Rs 549.3 crore, helped by a reduction in provisions. Revenue grows 26.2% YoY to Rs 2,057.3 crore during the quarter. It features in a screener of stocks with increasing revenue over the past four quarters.

  • LE Travenues Technology is falling as Saif Partners India IV sells a 3.3% stake worth approximately Rs 4,450 crore. It now holds a 2.5% stake in the company.

  • RBL Bank is rising as Dubai-based Emirates NBD Bank reportedly plans to acquire a 51% stake in the bank in a deal worth approx Rs 15,000 crore. Emirates NBD plans to acquire a 26% stake in RBL Bank from institutional investors and a 25% stake via an open offer.

  • Tata Motors' stock opens at Rs 400 following the demerger of its commercial vehicle business, effective October 1. Shareholders holding shares on or before October 13 will receive one share of Tata Motors Commercial Vehicles (TMLCV) for every Tata Motors share held. TMLCV shares are expected to list on the BSE and NSE in November.

  • LG Electronics India's shares debut on the bourses at a 50% premium to the issue price of Rs 1,140. The Rs 11,607 crore IPO received bids for 54 times the total shares on offer.

  • Oil India rises as it enters a gas sale and purchase agreement (GSPA) with North Eastern Electric Power Corp (NEEPCO) to supply 1.4 million metric standard cubic meters per day (MMSCMPD) of natural gas to NEEPCO's gas-based power station in Assam.

  • Anand Rathi Wealth surges to its all-time high of Rs 3,180.2 crore as its Q2FY26 net profit jumps 30.5% YoY to Rs 99.4 crore. Revenue rises 23.1% YoY to Rs 307.2 crore, driven by improvements in equity mutual fund inflows and assets under management (AUM). It appears in a screener of stocks with decreasing promoter pledges.

  • India’s CPI inflation falls to an eight-year low of 1.5% in September, down from 2.1% in August, driven by a favourable base effect and easing food prices. Rural and urban inflation decline to 1.1% and 2%, respectively, during the same period.

  • Just Dial is falling sharply as its Q2FY26 net profit declines 22.5% YoY to Rs 119.4 crore, due to higher employee benefits expenses. Revenue decreases 5.5% YoY to Rs 376.4 crore, caused by a reduction in total traffic. It shows up in a screener of stocks with medium to low Trendlyne momentum scores.

  • Lodha Developers is rising as it buys a 100% stake in Chaitanya Bilva (CBPL) for Rs 499.6 crore to acquire approximately an 8.4-acre land parcel in Bengaluru.

  • KEC International is rising as it secures new orders worth Rs 1,174 crore for transmission & distribution (T&D) projects in India and the Middle East. The projects include transmission line works from a private developer in India and additional line projects in Saudi Arabia.

  • HCL Technologies is rising as its Q2FY26 net profit grows 10.2% QoQ to Rs 4,235 crore, helped by lower depreciation & amortisation expenses. Revenue jumps 5% QoQ to Rs 32,357 crore, driven by improvements in the IT & business services, engineering and R&D services, and HCL software segments. It features in a screener of stocks with increasing revenue for the past four quarters.

  • Nifty 50 was trading at 25,293.30 (66.0, 0.3%), BSE Sensex was trading at 82,404.54 (77.5, 0.1%), while the broader Nifty 500 was trading at 23,366.95 (72.2, 0.3%).

  • Market breadth is surging. Of the 2,087 stocks traded today, 1,371 were on the uptick, and 643 were down.

Riding High:

Largecap and midcap gainers today include Tata Communications Ltd. (1,872.60, 4.1%), Sona BLW Precision Forgings Ltd. (452.80, 3.9%) and Indian Renewable Energy Development Agency Ltd. (154.52, 3.0%).

Downers:

Largecap and midcap losers today include Tata Motors Ltd. (395.45, -40.2%), UNO Minda Ltd. (1,185.40, -3.9%) and Dixon Technologies (India) Ltd. (16,634, -3.3%).

Movers and Shakers

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

Top high volume gainers on BSE included C.E. Info Systems Ltd. (1,949.20, 9.0%), Anand Rathi Wealth Ltd. (3,163.20, 7.8%) and Indian Renewable Energy Development Agency Ltd. (154.52, 3.0%).

Top high volume losers on BSE were Just Dial Ltd. (819.50, -4.8%), Sobha Ltd. (1,439.20, -0.6%) and KEC International Ltd. (857.15, -0.1%).

TTK Prestige Ltd. (645.40, 1.3%) was trading at 12.2 times of weekly average. Premier Energies Ltd. (1,057, 2.5%) and Angel One Ltd. (2,404.60, 2.7%) were trading with volumes 3.5 and 3.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

9 stocks hit their 52 week highs, while 5 stocks hit their 52 week lows.

Stocks touching their year highs included - Bajaj Finance Ltd. (1,019.15, -1.7%), L&T Finance Ltd. (262.93, -1.4%) and Multi Commodity Exchange of India Ltd. (9,397.50, 5.2%).

Stocks making new 52 weeks lows included - Tata Motors Ltd. (395.45, -40.2%) and KNR Constructions Ltd. (185.75, -2.4%).

10 stocks climbed above their 200 day SMA including C.E. Info Systems Ltd. (1,949.20, 9.0%) and KPR Mill Ltd. (1,010.60, 2.0%). 16 stocks slipped below their 200 SMA including Alembic Pharmaceuticals Ltd. (915.90, -3.0%) and Zensar Technologies Ltd. (755.80, -2.9%).

 
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The Baseline US
14 Oct 2025
Past the AI hype, its billions in and billions out, with little profit

As the Dalai Lama might say, everyone is connected. OpenAI and AMD. OpenAI and NVIDIA. Oracle and OpenAI. NVIDIA and Oracle. Investor, customer, seller: in the AI ecosystem, these could be the same company.

The big picture is that tech giants are investing billions into AI startups, which then use that money to buy the investors’ products—chips, cloud services, or infrastructure—looping cash back to the giants.

A boomerang made out of money

The most eye-catching move has been NVIDIA’s plan to invest up to $100 billion in OpenAI. The plot twist is that OpenAI will spend that money on NVIDIA chips. The cash exits NVIDIA’s left pocket and enters the right one.

NVIDIA CFO Sarah Friar has openly admitted, “Most of this money will come back to NVIDIA.” If this deal plays out, it could be one of the largest single-company tech investments in history, one which cements NVIDIA’s role as the chip supplier at the heart of the AI boom.

History rhymes, especially with startup bubbles. In the late 1990s, during the dot-com bubble, startups inflated their revenues by buying services from one another. It looked like growth, but the same dollar bills were being moved around, and profits were largely imaginary.

Today, AI startups are following a similar circular pattern, but at an unprecedented scale.

The web of billion-dollar deals

Look closely, and you’ll see the same dotcom pattern across the AI ecosystem.

Take Microsoft and OpenAI. Microsoft has poured over $13 billion into the startup. In return, OpenAI runs on Microsoft's Azure, and pays most of that cash back. Microsoft even takes 75% of OpenAI’s profits until its investment is repaid. The result? Analysts expect Microsoft to earn nearly $10 billion from OpenAI alone in 2025—almost 80% of its AI-related revenue.

A wave of circular deals took place between tech giants and AI Startups

Amazon has struck a similar deal with Anthropic. Its $8 billion investment is tied to Anthropic spending heavily on Amazon Web Services. AWS revenue from Anthropic could top $5 billion in the next year. For Amazon, the ‘investment’ is really a way to funnel billions of guaranteed sales into its own cloud arm.

NVIDIA’s influence runs even deeper. Beyond its massive OpenAI deal, it holds a 7% stake in CoreWeave, a cloud provider. CoreWeave has already spent more than $7 billion on NVIDIA chips and has contracts worth $22 billion with OpenAI. That’s larger than the annual revenue of many Fortune 500 companies. So NVIDIA profits at every stage—chips sold directly, chips sold through CoreWeave, and as a shareholder in the buyers themselves.

Oracle also plays a role in this loop. It has partnered with OpenAI to build massive data centers as part of the Stargate project. To run these facilities, Oracle will buy tens of billions of dollars’ worth of NVIDIA chips. This deal ties all three together—OpenAI, Oracle, and NVIDIA—creating another circular arrangement where investment, infrastructure, and hardware spending feed back into the tech giants.

The circular economy of AI: Investments return as revenue

These investments aren’t just financial bets. They are engineered loops where money doesn’t travel far—it spins inside a tight circle between the giants, each one feeding the other.

Dazzling growth on balance sheets versus the sobering reality

The growth numbers are eye-popping. OpenAI’s revenue jumped from $28 million in 2022 to $3.7 billion in 2024 and may reach $13 billion this year. Anthropic is projected to grow from $10 million to $5 billion in the same span. CoreWeave expects revenue to climb from $16 million to over $5 billion.

AI startups sprint from millions to billions in revenue in just three years

Valuations have surged alongside revenue. OpenAI is valued at around $500 billion now, while Anthropic’s valuation has more than doubled from March 2025 to September, reaching $183 billion. CoreWeave went public in March 2025 with a valuation of $23 billion and has since almost tripled to $71 billion.

But none of these companies are profitable. Their chip and energy bills swallow up more than they earn. It’s like selling out a stadium but losing money on the fireworks. The customers of these AI companies aren't making money either — an MIT study found that 95% of companies saw no return on AI investments. Billions in, billions out, but profits are elusive.

Hedge fund manager David Einhorn has warned that the sheer scale of this infrastructure spending may destroy huge amounts of capital. If the dot-com history repeats itself, these spectacular growth figures may turn out to be smoke and mirrors.

The high-stakes gamble

Despite the risks, the big players are betting on the long haul. OpenAI’s Sam Altman admits the hype may be running ahead of reality, but insists that AI’s long-term potential is worth the losses today. Microsoft, Amazon, Oracle, and NVIDIA share the same logic: control the tools and infrastructure now, and profits can come later.

Regulators are less convinced. In January, the FTC began probing these mega-deals, worried they may crush competition. The inquiry has since gone quiet. 

So for now, the AI Money-Go-Round keeps spinning—billions in, billions out, profits still missing. The trillion-dollar gamble could either reshape the global economy or leave a trail of wasted capital. The real suspense isn’t about how fast these companies can grow, but how long they can keep dancing before someone demands a profitable tune. When the music ends, there will likely be one winner, and many losers in the mix.

 
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Trendlyne Marketwatch
13 Oct 2025
Market closes lower, L&T bags power orders worth over Rs 2,500 crore
By Trendlyne Analysis

Nifty 50 closed at 25,227.35 (-58, -0.2%), BSE Sensex closed at 82,327.05 (-173.8, -0.2%) while the broader Nifty 500 closed at 23,294.80 (-42.8, -0.2%). Market breadth is highly negative. Of the 2,590 stocks traded today, 819 were in the positive territory and 1,708 were negative.

Indian indices closed in the red amid heightened trade tensions between US & China over export of rare earth magnets. The Indian volatility index, Nifty VIX, rose 8.8% and closed at 10.9 points. Waaree Renewable Technologies closed 8% higher after its Q2FY26 net profit surged 117.2% YoY to Rs 116.3 crore, driven by lower finance costs. Meanwhile, Tata Capital's shares debuted on the bourses at a 1.2% premium to the issue price of Rs 326.

Nifty Midcap 100 closed flat, while Nifty Smallcap 100 closed in the red. Nifty Capital Markets and Nifty200 Alpha30 were among the top index gainers today. According to Trendlyne’s Sector dashboard, Diversified emerged as the best-performing sector of the day, with a rise of 1.2%.

Asian indices closed in the red, while European indices are trading higher except Russia’s MOEX & RTSI indices. US index futures traded higher, rebounding from last week’s sharp losses, after President Donald Trump struck a reassuring tone on US-China trade relations, easing concerns over a potential escalation. Meanwhile, the US earnings season kicks off this week, with major banks including Citigroup, JPMorgan Chase, Wells Fargo, and Goldman Sachs set to report on Tuesday.

  • Relative strength index (RSI) indicates that stocks like Yes Bank, Tata Communications, Indian Bank, and Dr Agarwals Health Care are in the overbought zone.

  • Biocon is falling as it receives Form 483 with one observation from the US FDA after an inspection at its manufacturing facility in New Jersey, US.

  • Bank of Baroda cuts its marginal cost of funds-based lending rates (MCLR) for select tenures, effective October 12. The one-month MCLR falls to 7.9% from 7.95%, the six-month to 8.6% from 8.65%, and the one-year to 8.75% from 8.8%.

  • ICICI Direct upgrades Tata Consultancy Services to a 'Buy' call from 'Hold', with a target price of Rs 3,640 per share. This indicates a potential upside of 20.8%. The brokerage believes that the company's AI and data centre expansion will drive long-term growth. It expects the firm's revenue to grow at a CAGR of 5.2% over FY26-27.

  • Nomura reiterates its 'Reduce' rating on Phoenix Mills with a target price of Rs 1,350. The brokerage calls the company’s consumption growth “unexciting” and warns that retail income growth in Q2FY26 will lag due to tenant churn. Nomura expects consumption growth to slow in H2FY26 compared to H1 due to a higher base, with limited visibility on when retail income growth will bottom out.

  • Computer Age Management Services' board of directors approves a five-for-one stock split.

  • Stallion India Fluorochemicals rises sharply as its net profit jumps 13.4X to Rs 11.4 crore in Q2FY26, helped by lower finance and other expenses. Revenue grows 56.2% YoY to Rs 105.6 crore during the quarter. The company features in a screener of stocks with near their 52-week high with significant volumes.

  • Hind Rectifiers' board of directors appoints Manoj Nair as the Chief Executive Officer (CEO), succeeding Suramya Nevatia, effective October 10.

  • Jefferies initiates coverage on Au Small Finance Bank with a 'Buy' rating and a price target of Rs 910. The brokerage believes the bank is at a pivotal stage, where its transition to a universal bank could lower funding costs, boost fees, and strengthen its brand, supporting growth. It expects return on assets (RoA) to reach 1.7% by FY27 and factors in a capital raise next year, noting that robust growth and profitability will support the bank’s valuation premium.

  • Mankind Pharma enters an agreement with its arm, Bharat Serums and Vaccines, to acquire its branded generics business relating to the women health portfolio for Rs 797 crore.

  • Welspun Enterprises is rising as it emerges as the preferred bidder for a Rs 7,300 crore order from the Ministry of Road Transport and Highways (MoRTH) to construct the 6-lane Pune–Shirur highway. The company also bags a Rs 3,145 crore order in partnership with Veolia Water Technologies to set up a 910 million litres per day (MLD) water treatment plant in Maharashtra.

  • Larsen & Toubro's power transmission & distribution (PT&D) business bags an order worth Rs 2,500–5,000 crore in the Middle East. The 400 kV project will connect power networks across Gulf Cooperation Council (GCC) countries to make electricity supply more stable and efficient.

  • JM Financial maintains a 'Buy' rating on Suzlon Energy with a lower target price of Rs 66. The brokerage believes that localizing wind energy components and data centers will create a level playing field for Indian manufacturers. While solar combined with Battery Energy Storage Systems (BESS) is partially replacing wind in hybrid renewable energy projects, a full substitution appears unlikely. It also notes that a recalibration of India’s renewable energy strategy is imminent and anticipates an increase in project tenders that include a wind component.

  • Signatureglobal (India) falls as its Q2FY26 pre-sales decline 28% YoY to Rs 2,010 crore due to a 46% YoY reduction in the number of units sold. However, collections grow 2% YoY to Rs 940 crore.

  • Euro Pratik Sales falls as its Q2FY26 net profit declines 34.6% YoY to Rs 96.9 crore due to higher raw materials, employee benefits, finance costs, and a one-time loss of Rs 78.9 crore caused by a fire incident. However, revenue grows 23.7% YoY to Rs 658.2 crore during the quarter. It appears in a screener of stocks with low Piotroski scores.

  • Tata Capital's shares debut on the bourses at a 1.2% premium to the issue price of Rs 326. The Rs 15,511.9 crore IPO received bids for 1.9 times the total shares on offer.

  • Reliance Power and Reliance Infrastructure fall sharply after the Enforcement Directorate (ED) arrests senior executive Ashok Kumar Pal over alleged fake bank guarantees and invoicing. The investigation, tied to Rs 3,000 crore in loans from Yes Bank, is part of an ongoing probe under the Prevention of Money Laundering Act (PMLA) into financial irregularities within the Anil Ambani Group.

  • Lupin falls as it receives Form 483 with one observation from the US FDA after an inspection at its manufacturing facility in New Jersey, US.

  • HDFC Asset Management Company is rising as its board of directors schedules a meeting for October 15 to consider a proposal for a bonus issue of shares. The company will also announce its Q2FY26 results.

  • BLS International plunges more than 10% as the Ministry of External Affairs (MEA) temporarily restricts the company from participating in India Mission tenders for two years. The India Missions contributed to 12% of the company's revenue in Q1FY26.

  • Manmohan Sharma, CFO of Waaree Renewable Technologies, says margins improved in Q2 and are expected to stay above 15% due to strong execution and financial discipline. He adds that the 3.5 GWp projects are on track and the EPC segment requires no new debt. The company plans to expand its independent power producer (IPP) assets by 54 MW in FY26, with most projects being ground-mounted across Rajasthan, Gujarat, Andhra Pradesh, and Maharashtra.

  • Mahindra Lifespace Developers is rising as it acquires a 13.5-acre land parcel in Nande-Mahalunge, Pune, with an estimated gross development value (GDV) of Rs 3,500 crore.

  • Waaree Renewable Technologies rises sharply as its Q2FY26 net profit surges 117.2% YoY to Rs 116.3 crore, led by lower finance costs. Revenue jumps 47.6% YoY to Rs 779.2 crore, helped by improvements in the engineering, procurement & construction (EPC) contracts and power sale segments. It features in a screener of affordable stocks with high RoE and momentum.

  • Hindustan Construction Company is rising as it secures an order worth Rs 204 crore from Hindalco Industries for fabricating, supplying, and erecting pot shells and superstructures under the Aditya Aluminium smelter expansion project in Odisha.

  • Avenue Supermarts is falling as its Q2FY26 net profit misses Forecaster estimates by 2.5% despite growing 3.9% YoY to Rs 685 crore. Revenue jumps 15.3% YoY to Rs 16,695.9 crore, driven by an improvement in the foods segment. It shows up in a screener of stocks with declining net cash flow.

  • Indian markets slumped today. Nifty 50 was trading at 25,206.30 (-79.1, -0.3%), BSE Sensex was trading at 82,049.16 (-451.7, -0.6%) while the broader Nifty 500 was trading at 23,262.50 (-75.1, -0.3%).

  • Market breadth is moving down. Of the 2,170 stocks traded today, 605 showed gains, and 1,487 showed losses.

Riding High:

Largecap and midcap gainers today include Torrent Power Ltd. (1,283.60, 3.6%), Adani Power Ltd. (154.43, 3.2%) and HDFC Asset Management Company Ltd. (5,669, 2.7%).

Downers:

Largecap and midcap losers today include Tata Communications Ltd. (1,798.20, -3.9%), Balkrishna Industries Ltd. (2,218.20, -3.0%) and L&T Technology Services Ltd. (4,193.80, -2.9%).

Volume Rockets

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

Top high volume gainers on BSE included Jubilant Ingrevia Ltd. (706.25, 8.5%), KFIN Technologies Ltd. (1,143.80, 6.7%) and C.E. Info Systems Ltd. (1,788.80, 5.0%).

Top high volume losers on BSE were BLS International Services Ltd. (299.80, -11.1%), Timken India Ltd. (2,927.20, -2.0%) and International Gemmological Institute (India) Ltd. (343.90, -1.0%).

Sheela Foam Ltd. (678.25, -0.4%) was trading at 30.3 times of weekly average. Aditya Birla Sun Life AMC Ltd. (857.95, 4.5%) and Just Dial Ltd. (861.50, 3.5%) were trading with volumes 12.3 and 9.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

11 stocks took off, crossing 52 week highs, while 4 stocks hit their 52 week lows.

Stocks touching their year highs included - Bajaj Finance Ltd. (1,036.75, 1.3%), Fortis Healthcare Ltd. (1,095.15, 3.3%) and Indian Bank (783.50, 0.9%).

Stocks making new 52 weeks lows included - Godrej Agrovet Ltd. (672, 1.7%) and Westlife Foodworld Ltd. (626.15, -2.4%).

9 stocks climbed above their 200 day SMA including Jubilant Ingrevia Ltd. (706.25, 8.5%) and KFIN Technologies Ltd. (1,143.80, 6.7%). 16 stocks slipped below their 200 SMA including Century Plyboards (India) Ltd. (746.40, -3.1%) and Voltas Ltd. (1,378.50, -2.7%).

 
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The Baseline
10 Oct 2025
Five Interesting Stocks Today - October 10, 2025
By Trendlyne Analysis

1.Eternal (Zomato): 

This internet software & services company hit an all-time high of Rs 349.9 on October 10 after Citi raised its target price from Rs 320 to Rs 395. The increase was largely driven by the strong performance of its quick commerce business, Blinkit. Citi anticipates Blinkit's gross order value (GOV) to jump by 123% in FY26 and 57% the following year, fueled by the rapid addition of dark stores and launches in new cities.

The upcoming second quarter result is expected to be another strong period for Blinkit, with projections of up to 140% YoY growth in GOV. This growth is partly due to the festive season beginning towards the end of September. The company’s core food delivery business is projected to grow 18% YoY in Q2.

While Blinkit continues to perform well, competition in the quick commerce sector is heating up. Amazon has expanded its service, Amazon Now, to Mumbai after trial runs in Bengaluru and Delhi. Though Amazon is a new entrant with about 100 stores, it is now competing with established players like Blinkit, which has 1,544 stores, and Swiggy, with 1,062. Analysts see this as a typical phase of market growth where competition helps expand the overall market, and customer loyalty will likely benefit existing companies.

In a surprising move, Goldman Sachs sold over Rs 924 crore of its shares in Eternal through multiple block deals over the past month. This sale occurred even after its own brokerage arm had recommended the stock with a ‘Buy’ in September, citing the growth potential in the quick commerce unit. The bulk of the shares sold by Goldman Sachs were acquired by Morgan Stanley and BofA Securities Europe.

Eternal CFO Akshant Goyal said, “By moving most of the quick commerce business from a marketplace to an owned-inventory model over the next 2–3 quarters, we expect EBITDA margins on GOV to improve to 5–6% (from –1.8% currently) and RoCE to cross 40%.”

Regarding the food delivery business, Goyal has adjusted the growth forecast for FY26 down to 15% from the previous 20% estimate. This cut reflects restaurants offering more discounts to attract customers in a weak demand environment. However, the company aims to return to a growth rate of around 20% in FY27.

2. Hero MotoCorp:

This two-wheeler manufacturer rose 1.2% over the past week after September wholesales grew 7.9% YoY to 6.9 lakh units. The strong performance was fueled by a surge in domestic motorcycle and scooter sales, while exports nearly doubled, jumping 94.8% to 39,638 units. The stock features in a screener of stocks with high FII holdings, with a holding of 27.1%.

A reduction in GST rates from 28% to 18% boosted the company's scooter sales, which jumped 54.4% YoY, while motorcycle wholesales also climbed 4.8%. This tax relief is particularly crucial for Hero, as half its sales come from rural and semi-urban areas. The increased disposable income from the income-tax relief and reduction in prices from the GST cut are expected to revive demand in these key markets.

Commenting on the strong demand, Ashutosh Varma, Chief Business Officer of the company's India Business Unit, noted, "On the first day of Navratri, the number of customers walking into our showrooms and buying a two-wheeler more than doubled YoY. The sales that were deferred in anticipation of new pricing with GST 2.0 have picked up, and we are getting clear signs of customers’ strong intent to own a new vehicle without delay. Our newly launched festive range of 12 segment-leading models is driving this surge in demand across scooters and motorcycles.”

A weak Q1FY26 preceded the strong performance in September as Hero MotoCorp’s revenue declined 3.8% YoY due to the company temporarily shutting down four plants for maintenance and to resolve supply chain issues. Meanwhile, net profit jumped 63.1% YoY during the quarter, driven by price hikes, a rich product mix and a one-time income of Rs 629.4 crore from the Ather Energy IPO.

Post Hero MotoCorp’s September update, Axis Direct retains its ‘Buy’ call with a higher target price of Rs 5,960 per share. This indicates a potential upside of 8.4%. The brokerage points to Hero’s expanding EV portfolio, dominant market share in entry-level motorcycles, and international expansion as key growth drivers. It expects the company to deliver a revenue and net profit CAGR of 7.6% each over FY26-28. 

3. Max Healthcare Institute:

Thishealthcare company rose 6.6% on September 6 following achange in government policy. The Union Health Ministry hiked Central Government Health Scheme (CGHS) rates for 2,000 medical procedures—the first revision in nearly a decade. This allows healthcare companies to charge higher prices for services provided to government employees.

This policy change directly impacts a key revenue stream, as 20% of the company's revenue comes from government patients, with 10% tied to CGHS. Nuvama Institutional Equitiesprojects the rate hike could boost revenue by 5–8%, improve EBITDA by 18%, and expand margins by 350–400 basis points.

The company's performance is already on the rise. InQ1FY26, revenue and net profit soared by over 30% YoY. This growth was fueled by higher patient volumes, stable revenue per bed, and new hospital contributions. Occupancy rates climbed to a healthy 76%. The outlook is even brighter. Trendlyne’sForecaster predicts a 46.8% profit surge in Q2FY26, driven by 44.8% revenue growth to Rs 2,583 crore. 

Aggressive expansion underpins this growth. The companyplans to nearly double its capacity from 5,200 to over 10,000 beds by FY29, focusing on Delhi NCR and Mumbai. Chairman Abhay Soiconfirmed the immediate plan: “Our focus remains on commissioning the new bed capacities. We expect to add approximately 1,000 brownfield and 500 greenfield beds in FY26.”

Motilal Oswal endorses this positive outlook,maintaining its ‘Buy’ rating. The brokerage cites clear earnings potential fueled by ongoing expansion and disciplined capital use. It forecasts annual growth of 21% in revenue, 22% in EBITDA, and 27% in net profit over FY26-27, setting a target price of Rs 1,350.

4. Delhivery:

The stock of this warehousing & logistics company rose 7% in the past week after it provided a positive operational update for Q2FY26. The company reported shipping goods worth more than Rs 19,500 crore and processing over 10.4 crore e-commerce and freight shipments, signaling a period of robust growth.

Delhivery’s performance is drawing attention on the street. Foreign brokerage Macquarie notes the company handled a peak of 6.2 million parcels per day in September, matching its expectations. This suggests Delhivery has scaled operations effectively without compromising quality after its Rs 1,407 crore acquisition of Ecom Express in June, aimed at expanding its nationwide reach.

The company's Q1FY26 revenue rose by 6.2% YoY, fuelled by double digit growth in the B2C shipment volumes. Trendlyne’s Forecaster estimates its revenue to grow by 13.6% in Q2, due to rising retention volumes at Ecom express. The stock features in a screener of stocks having strong momentum.

Looking ahead, Delhivery plans to expand its quick-delivery services to three more cities and increase its number of local fulfillment centers. CEO Sahil Barua is confident that the company's Partial Truckload (PTL) freight division will achieve a healthy operating margin of 16-18%. He expects 20% revenue growth for the PTL division in FY26, driven by expansion into under-served geographies and further penetration into SME and retail segments.

This positive outlook is echoed by Kotak Securities, which recently upgraded Delhivery’s stock to a ‘Buy’ rating and raised its price target to Rs 565. The brokerage firm highlights the company's stable market share and notes that its current valuation doesn't fully capture the potential of its new business initiatives, which could add even more value for investors.

5. Kalyan Jewellers India:

This jewellery retailer has seen its share price climb 4.2% over the past week. The rise followed a strong Q2 business update, where the company reported a 31% YoY jump in revenue.

Kalyan Jewellers’ India operations witnessed strong growth despite a surge in gold prices, thanks to robust wedding demand and an early start to the festive season. The inclusion of Navratri sales helped cushion the impact of last year’s (Q2FY25) high base, which was caused by a customs duty reduction on gold. Meanwhile, same-store sales grew about 16% during the period, a clear signal of steady consumer demand.

Gold prices have risen 50% so far this year. However, jewellery retailers noted that higher gold prices also led to a rise in the average ticket size, which offset a marginal decline in the number of buyers. The company’s peer, Titan, also reported healthy revenue growth in Q2FY26, with a 20% YoY increase. According to Trendlyne’s Forecaster, Kalyan Jewellers' revenue is expected to grow by 22.5% YoY in Q2FY26.

Meanwhile, the company added 15 new stores in India during the quarter, two in the Middle East, and 15 outlets for its Candere brand. Candere, the company's online-focused brand, continued to expand rapidly, delivering a huge 127% jump in revenue supported by more visitors both in showrooms and online. As of September 30, Kalyan Jewellers’ total store count stood at 436. Executive Director Ramesh Kalyanaraman said, “We are on track to add around 15 more Kalyan showrooms in India before Diwali, encouraged by strong customer traffic across major markets.”

ICICI Securities upgraded its rating on the company to ‘Buy’ with a target price of Rs 670. The brokerage expects Kalyan’s sales momentum to remain strong, helped by steady demand even with high gold prices, as well as its accelerating pace of opening new stores. It projects the company’s revenue to grow at a 28% CAGR over FY26-27.

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

 
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Trendlyne Marketwatch
10 Oct 2025
Market closes higher, Capacit'e Infra bags Rs 542 cr order from IIT Bombay
By Trendlyne Analysis

Nifty 50 closed at 25,285.35 (103.6, 0.4%) , BSE Sensex closed at 82,500.82 (328.7, 0.4%) while the broader Nifty 500 closed at 23,337.55 (95.8, 0.4%). Market breadth is in the green. Of the 2,567 stocks traded today, 1,522 were on the uptick, and 994 were down.

Indian indices closed higher after extending gains in the morning session. The Indian volatility index, Nifty VIX, fell 0.2% and closed at 10.1 points. TCS closed 1.1% lower after its Q2FY26 net profit declined 5.4% QoQ to Rs 12,075 crore due to higher equipment & software services costs. However, revenue grew 2.4% QoQ.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. Nifty Realty and Nifty PSU Bank were among the top index gainers today. According to Trendlyne’s sector dashboard, Hardware Technology & Equipment emerged as the top-performing sector of the day, with a rise of 1.5%.

Asian indices closed mixed. European indices are trading lower. US index futures are trading flat, indicating a cautious start to the trading session. Investors remain concerned as the US Senate fails to pass two funding bills to end the government shutdown. Meanwhile, Federal Reserve Chair Jerome Powell refrains from commenting on the economic outlook at a Fed event. Brent crude futures are trading lower after falling 1.5% on Thursday.

  • Money flow index (MFI) indicates that stocks like Hindustan Copper, Usha Martin, Fortis Healthcare, and Chennai Petroleum Corp are in the overbought zone.

  • Hind Rectifiers is rising as its board appoints Manoj Nair as the Chief Executive Officer (CEO) of the company, succeeding Suramya Nevatia, effective October 10.

  • PSU banks like State Bank of India, UCO Bank, Indian Overseas Bank rise as the Cabinet Committee approves revised guidelines for selecting whole-time directors. SBI will have three public sector and one private sector MD under the new reform.

  • Capacit'e Infraprojects is rising as it bags an order worth Rs 542.4 crore from IIT Bombay to construct fast-track buildings.

  • According to data released by the Association of Mutual Funds in India (AMFI), mutual funds' net equity inflows decline 9% MoM to Rs 30,422 crore in September. Meanwhile, total assets under management (AUM) increase to Rs 75.6 lakh crore from Rs 75.2 lakh crore in August.

  • Elecon Engineering plunges as its Q2FY26 net profit stays flat YoY at Rs 87.7 crore due to higher manufacturing, depreciation & amortisation, and employee benefits expenses. Revenue grows by 13.8% YoY to Rs 569.5 crore, helped by an improvement in transmission equipment and material handling equipment segments. It shows up in a screener of stocks with sells by superstar investors.

  • Knowledge Marine & Engineering Works receives an order worth Rs 127.1 crore from Inland Waterways Authority of India (IWAI) to supply dredgers and support boats for the National Waterways-1 project on the River Ganga.

  • Pharmaceutical stocks like Divi's Laboratories, Marksans Pharma and Sun Pharma Advanced Research surge more than 5% as the US Senate passes the Biosecure Act, prohibiting federal funding for Chinese biotech companies.

  • Citi Research initiates coverage on six Indian industrial companies, noting that the country’s capex cycle is currently shifting from an acceleration phase to consolidation. The brokerage prefers companies with strong execution and exposure to key themes, naming Cummins India and Bharat Electronics as its top 'Buy' picks. It also highlights that continued government spending is supporting the sector.

  • Puravankara is rising as its pre-sales grow 4% YoY to Rs 1,322 crore in Q2FY26. The company's collections from the real estate business jump 6% YoY to Rs 993 crore during the quarter.

  • Natco Pharma rises sharply as the Delhi High Court upholds its order allowing the company to market a generic version of Roche's spinal muscular atrophy (SMA) drug Risdiplam in India.

  • Le Travenues Technology (Ixigo) rises as its board approves raising up to Rs 1,296 crore through a preferential issue of 4.6 crore shares (10.1% equity) to Prosus unit MIH Investments One B.V. The shares will be issued at Rs 280 each, a 10.5% discount to Thursday’s closing price.

  • JM Financial downgrades Cummins India to 'Sell' with a higher target price of Rs 3,470. The brokerage believes that rising warranty expenses and the normalization of support service costs are not fully factored in. It also notes that elevated valuations and increasing costs are impacting the risk-reward balance. While data centre and High Horse Power (HHP) sales are expected to remain strong, industrial sales may soften.

  • ICICI Prudential Life Insurance is rising as its new business premium grows 6.1% YoY to Rs 1,761 crore in September, new business sum assured jumps 12.5% YoY. However, its annualised premium equivalent (APE) declines 5% YoY to Rs 1,864 crore in Q1FY26 due to a reduction in retail APE.

  • NTPC Green Energy is rising as its arm, NTPC Renewable Energy, signs a memorandum of understanding (MoU) with the Gujarat government to set up 10 GW of solar parks & projects and 5 GW of wind projects in the state.

  • Capri Global Capital's board of directors approves the appointment of Monu Ratra as its Chief Executive Officer (CEO).

  • Vinod Aggarwal, MD & CEO of Eicher Motors, downplays the September dip in bus sales, citing delayed impact of the GST cut in Vahan data. He expects bus sales to grow around 4.5% in FY26 and over 4% growth in the CV segment in H2FY26. He also notes a two-year commissioning timeline for Volvo’s 12-speed AMT gearbox.

  • WeWork India Management's shares debut on the bourses at a 0.3% premium to the issue price of Rs 648. The Rs 3,000 crore IPO received bids for 1.1 times the total shares on offer.

  • Amber Enterprises rises as its subsidiary, IL JIN Electronics (India), acquires 56.2 lakh shares (or a 40.2% stake) in Israel-based Unitronics for NIS 156 million (~Rs 424.6 crore).

  • Kolte-Patil Developers is rising as it acquires 7.5-acre land parcel in Bhugaon, Pune, with an estimated saleable area of around 1.9 million square feet and a gross development value (GDV) of Rs 1,400 crore.

  • KPI Green Energy rises after receiving a 'Category A' Power Trading Licence from the Gujarat Electricity Regulatory Commission (GERC). The licence allows the company to trade electricity and optimize returns by aligning power sales with demand trends across KP Group’s 6+ GW renewable energy portfolio.

  • Rajesh Power Services rises sharply as it signs a memorandum of understanding (MoU) with the Gujarat Government to convert overhead high tension (HT) Lines into underground cable networks with an investment of Rs 4,754 crore.

  • Tata Elxsi's Q2FY26 net profit rises 7.2% QoQ to Rs 154.8 crore due to lower finance costs. Revenue increases 2.9% QoQ to Rs 918.1 crore, driven by higher sales from the software development & services segment during the quarter. The company appears in a screener of stocks underperforming their industry price change over the past quarter.

  • Afcons Infrastructure is rising as it bags an order worth Rs 576 crore for civil and allied infrastructure works.

  • Tata Consultancy Services falls as its Q2FY26 net profit declines 5.4% QoQ to Rs 12,075 crore due to higher equipment & software services and finance costs. However, revenue grows 2.4% QoQ to Rs 66,666 crore, driven by improvements in the banking, financial services & insurance (BFSI), manufacturing, consumer business, communication, media & technology, and life sciences & healthcare segments. It shows up in a screener of stocks with declining net cash flow.

  • Nifty 50 was trading at 25,218.55 (36.8, 0.2%), BSE Sensex was trading at 82,075.45 (-96.7, -0.1%), while the broader Nifty 500 was trading at 23,278.50 (36.8, 0.2%).

  • Market breadth is ticking up strongly. Of the 2,038 stocks traded today, 1,372 were on the uptrend, and 599 went down.

Riding High:

Largecap and midcap gainers today include Tata Communications Ltd. (1,870.20, 10.2%), YES Bank Ltd. (24, 7.1%) and Divi's Laboratories Ltd. (6,474.50, 5.6%).

Downers:

Largecap and midcap losers today include UNO Minda Ltd. (1,219.80, -3.2%), Steel Authority of India (SAIL) Ltd. (132.17, -3.1%) and Tata Elxsi Ltd. (5,407.50, -3.0%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Tata Communications Ltd. (1,870.20, 10.2%), Redington Ltd. (290.10, 8%) and YES Bank Ltd. (24, 7.1%).

Top high volume losers on BSE were Tata Elxsi Ltd. (5,407.50, -3.0%) and Garware Technical Fibres Ltd. (751.20, -0.4%).

Jyoti CNC Automation Ltd. (964.40, 5.5%) was trading at 21.9 times of weekly average. Natco Pharma Ltd. (845.80, 4.0%) and Akzo Nobel India Ltd. (3,345, 0.5%) were trading with volumes 12.4 and 7.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

12 stocks overperformed with 52 week highs, while 2 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Canara Bank (127.39, 1.0%), Indian Bank (776.25, 1.3%) and Punjab National Bank (117.24, 2.6%).

Stocks making new 52 weeks lows included - Westlife Foodworld Ltd. (641.75, -2.3%) and Clean Science & Technology Ltd. (1,072.30, 3.3%).

18 stocks climbed above their 200 day SMA including Bandhan Bank Ltd. (169.32, 3.7%) and Cipla Ltd. (1,561.80, 3.2%). 2 stocks slipped below their 200 SMA including DOMS Industries Ltd. (2,548, -0.3%) and GlaxoSmithKline Pharmaceuticals Ltd. (2,779, 0.7%).