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Trendlyne Marketwatch
Trendlyne Marketwatch
10 Feb 2025
Market closes lower, Varroc Engineering reports a net loss of Rs 45.2 crore in Q3FY25
By Trendlyne Analysis

Nifty 50 closed at 23,381.60 (-178.4, -0.8%) , BSE Sensex closed at 77,311.80 (-548.4, -0.7%) while the broader Nifty 500 closed at 21,371.30 (-274.9, -1.3%). Market breadth is sharply down. Of the 2,443 stocks traded today, 419 were on the uptrend, and 1,987 went down.

Nifty 50 closed lower after falling in the morning session as the Indian rupee dropped to its lifetime low of Rs 88 against the US dollar. The Indian volatility index, Nifty VIX, rose 5.6% and closed at 14.4 points. Oil India fell as its net profit declined 43% YoY to Rs 1,338.9 crore in Q3FY25 due to higher raw material costs and its revenue decreased 13.3% YoY to Rs 8,336.9 crore.

Nifty Smallcap 100 and Nifty Midcap 100 closed lower, following the benchmark index. S&P BSE SME IPO and Nifty Realty Index were among the top index losers today. According to Trendlyne’s sector dashboard, Forest Materials emerged as the worst-performing sector of the day, with a fall of 3.9%.

Asian indices closed mixed. European indices are trading green, except for France’s CAC 40 and Switzerland's SMI, which are trading flat. US index futures are trading higher as investors assess President Donald Trump’s comments over plans to impose 25% tariffs on all steel and aluminum imports into the US this week. Brent crude oil futures are trading higher.

  • Money flow index (MFI) indicates that stocks like IndusInd Bank, Eris Lifesciences, Navin Fluorine International, and Bajaj Finance are in the overbought zone.

  • Varroc Engineering falls as it reports a net loss of Rs 45.2 crore in Q3FY25 due to expenses from the Varroc Polymers merger. However, revenue grows 10.1% YoY to Rs 2,075.3 crore, driven by an improvement in the automotive segment. It appears in a screener of stocks where FII / FPI or institutions are increasing their shareholding.

  • Rail Vikas Nigam secures an order worth Rs 210.8 crore from South Eastern Railway. The order involves upgrading the electric traction system from a single 25 KV to a double 25 KV in the Kharagpur–Tatanagar section. The project aims to support a 3,000 MT loading target.

  • Glenmark Pharmaceuticals secures UK's Medicines and Healthcare Products Regulatory Agency (MHRA) approval to market Winlevi, a topical acne treatment for patients aged 12 and older. Winlevi is the first topical acne drug with a novel mechanism, addressing a condition affecting over 90% globally.

  • Hui Ting Sim, Assistant Vice President at Moody's Ratings, believes US steel tariffs will intensify competition and worsen oversupply in other steel markets, challenging Indian steel exports. High steel imports into India over the past year have already pressured prices and profits. However, Indian companies with US operations, like Hindalco Industries’ Novelis subsidiary, may benefit from these trade actions.

  • Varun Beverages is falling as its Q3FY25 net profit misses Forecaster estimates by 1.2% despite growing 40.3% YoY to Rs 185.1 crore owing to lower inventory and tax expenses. Revenue increases 41% YoY to Rs 3,862.2 crore, led by improvements in the carbonated soft drink (CSD) and non-carbonated beverages (NCB) segments. It shows up in a screener of stocks with growing costs YoY for long term projects.

  • RattanIndia Enterprises is falling as its CEO, Jayant Khosla, tenders his resignation, effective February 7, due to family relocation/commitment reasons.

  • Ircon International secures a Rs 194.5 crore contract from the Central Railway for the survey, design, supply, installation, testing, and commissioning of 665 towers for Kavach. The project is set for completion within 14 months.

  • Bhavish Aggarwal, Chairman and Managing Director of Ola Electric Mobility, highlights that the company’s gross margins increased to 26% in January, up from 20% in Q3FY25. He aims to capture a market share of 30-35%. Aggarwal adds that the service turnaround time has improved to one day, compared to 2.5 days previously, and the company is on track to achieve EBITDA break-even.

  • Sun TV Network is falling as its net profit declines 20% YoY to Rs 363.3 crore in Q3FY25 due to higher operating expenses. Revenue decreases 10.4% YoY to Rs 827.6 crore during the quarter, driven by lower sales from the advertisement segment. The company appears in a screener of stocks with declining ROE over the past two years.

  • Amara Raja Energy & Mobility's net profit grows 11.4% YoY to Rs 298.4 crore in Q3FY25, led by inventory destocking. Revenue rises 7.8% YoY to Rs 3,307.2 crore, helped by improvements in the lead acid batteries & allied products segment. It features in a screener of stocks with dividend yields greater than their sector dividend yield.

  • L&T Finance acquires Paul Merchants Finance’s gold loan business for Rs 537 crore. The deal, expected to close by Q2FY26, gives the company access to assets under management (AUM) worth Rs 1,000 crore and over 98,000 active customers.

  • Pharmaceutical companies like Alkem Labs, Ipca Labs, and Laurus Labs decline amid uncertainty around Trump’s policies, adding pressure on the sector. Analysts believe that if Trump imposes tariffs, certain Indian pharma companies could face significant challenges, especially with the rising costs of raw materials like active pharmaceutical ingredients (APIs). This could result in higher production costs, shrinking margins, and a loss of competitiveness in export markets.

  • AIA Engineering is falling as its Q3FY25 net profit declines 7.3% YoY to Rs 259.2 crore due to higher inventory and employee benefits expenses. Revenue reduces 9.5% YoY to Rs 1,133.5 crore during the quarter. It shows up in a screener of stocks with declining net cash flow.

  • Bharat Electronics secures contracts worth Rs 962 crore, including a Rs 610 crore order to supply Electro-Optic Fire Control Systems (EOFCS) to the Indian Navy. It also receives orders worth Rs 352 crore for anti-drone systems, fuzes, integrated fire detection systems, vessel communication systems, spares, and services.

  • Mahanagar Telephone Nigam (MTNL) rises sharply as the Union Cabinet reportedly approves a Rs 6,000 crore package to expand 4G networks for MTNL and Bharat Sanchar Nigam (BSNL). The funding will support setting up one lakh 4G sites to enhance connectivity and network services nationwide.

  • JSW Steel's January consolidated steel production rises 7% YoY to 2.5 million tonnes. The company's crude steel output increases 6.8% YoY to 2.5 million tonnes, with capacity utilization of India operations at 90% during the same period.

  • Delhivery falls to its 52-week low of Rs 299.8 as its net profit misses Forecaster estimates by 63.2% despite increasing 113% YoY to Rs 25 crore in Q3FY25. Revenue rises 8.4% YoY to Rs 2,378.3 crore during the quarter, driven by higher sales from the express parcel, part truckload, and supply chain services segments. The company appears in a screener of stocks with improving ROE over the past two years.

  • Va Tech Wabag rises sharply as its Q3FY25 net profit grows 11.6% YoY to Rs 70.2 crore. Revenue increases 16.6% YoY to Rs 825.8 crore, driven by improvements in the Indian and rest of the world (ROW) markets. It features in a screener of newly affordable stocks with good financials and durability.

  • Astra Microwave Products is falling as its revenue misses Forecaster estimates by 11.6% despite increasing 11.9% YoY to Rs 258.5 crore in Q3FY25. Net profit rises 9.3% YoY to Rs 47.4 crore during the quarter, driven by inventory destocking. The company appears in a screener of stocks with improving book value per share over the last two years.

  • India's rural growth in passenger vehicle (PV) sales rebounds in 2025, with rural retail sales increasing 18.8% in January. Inventory levels at leading original equipment manufacturers (OEMs) have also decreased. Maruti Suzuki India, the largest PV manufacturer in the country, now maintains just 18-20 days of dealer inventory.

  • Gujarat State Petronet is falling as its net profit plunges 40.7% YoY to Rs 234.1 crore in Q3FY25 due to higher raw materials, employee benefits expenses, finance, excise duty and depreciation & amortisation expenses. However, revenue grows 10.8% YoY to Rs 4,636.2 crore during the quarter. It appears in a screener of stocks with declining return on equity (RoE) over the past two years.

  • NHPC is falling as its Q3FY25 net profit plunges 52.5% YoY to Rs 231.2 crore due to higher employee benefits and finance costs. However, revenue grows 2.6% YoY to Rs 2,616.9 crore during the quarter. It shows up in a screener of stocks in the sell zone according to days traded at current PE and P/BV.

  • Oil India is falling as its net profit declines 43% YoY to Rs 1,338.9 crore in Q3FY25 due to higher raw material costs. Revenue decreases 13.3% YoY to Rs 8,336.9 crore during the quarter, driven by lower sales from the crude oil, refinery products and natural gas segments. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Life Insurance Corp of India is falling as its revenue declines 4.9% YoY to Rs 2 lakh crore in Q3FY25 due to lower net premium income. However, net profit grows 17.1% YoY to Rs 11,056.5 crore, driven by lower provisions and employee benefits expenses. It appears in a screener of stocks with low durability scores.

  • Nifty 50 was trading at 23,468.70 (-91.3, -0.4%), BSE Sensex was trading at 77,789.30 (-70.9, -0.1%) while the broader Nifty 500 was trading at 21,542.70 (-103.5, -0.5%).

  • Market breadth is moving down. Of the 2,019 stocks traded today, 629 were in the positive territory and 1,340 were negative.

Riding High:

Largecap and midcap gainers today include Bajaj Holdings & Investment Ltd. (11,523.20, 2.2%), UNO Minda Ltd. (1,073.10, 1.9%) and Kotak Mahindra Bank Ltd. (1,960.15, 1.6%).

Downers:

Largecap and midcap losers today include Alkem Laboratories Ltd. (4,800.85, -6.8%), Bharti Hexacom Ltd. (1,370.85, -6.5%) and Max Healthcare Institute Ltd. (1,071.85, -6.2%).

Volume Rockets

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

Top high volume gainers on BSE included Redington Ltd. (241.96, 4.4%), Engineers India Ltd. (169.51, 3.1%) and Varroc Engineering Ltd. (557.35, 2.6%).

Top high volume losers on BSE were Alkem Laboratories Ltd. (4,800.85, -6.8%), Delhivery Ltd. (297.25, -5.7%) and Concord Biotech Ltd. (2,235.20, -4.7%).

PNC Infratech Ltd. (300.25, 2.1%) was trading at 25.8 times of weekly average. Action Construction Equipment Ltd. (1,249.90, -0.9%) and Jyoti CNC Automation Ltd. (1,097.40, -4.5%) were trading with volumes 7.5 and 5.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

3 stocks took off, crossing 52 week highs, while 12 stocks hit their 52 week lows.

Stocks touching their year highs included - Kotak Mahindra Bank Ltd. (1,960.15, 1.6%), Mahindra & Mahindra Ltd. (3,137.25, -1.9%) and Redington Ltd. (241.96, 4.4%).

Stocks making new 52 weeks lows included - 3M India Ltd. (28,107.95, -0.2%) and Finolex Industries Ltd. (195.01, -1%).

7 stocks climbed above their 200 day SMA including Anupam Rasayan India Ltd. (748, 2.4%) and Anant Raj Ltd. (632.95, 2.3%). 29 stocks slipped below their 200 SMA including JM Financial Ltd. (108.70, -7.4%) and Five-Star Business Finance Ltd. (726.95, -5.7%).

 
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The Baseline
07 Feb 2025
Five Interesting Stocks Today - February 07, 2025
By Trendlyne Analysis

1. Kalyan Jewellers India:

Thisjewellery retailer surged 22.4% over the past week after announcing itsQ3 results. This jump was primarily driven by a 40% YoY growth in revenue, which surpassedForecaster estimates by 1.3%. However, net profit growth fell short of projections by 6%, mainly due to the introduction of corporate tax in the UAE.

The proposed customs duty cut on jewellery and platinum parts in the FY26Budget is expected to make platinum jewellery more affordable. The duty on platinum parts has been significantly reduced from 25% to 5%, and the duty on jewellery has been lowered to 20%. Suvankar Sen, CEO of Senco Gold, expects these measures to boost jewellery demand as the government aims to improve middle-class consumption.

KJIL’s Indiabusiness, which contributes the majority of its revenue, recorded a 42% YoY growth. The remaining comes from the UAE, which saw a revenue growth of 23%, although net profit remained flat compared to the previous year. Losses in its e-commerce division, Candere, expanded to Rs 7 crore, with revenue of Rs 15 crore. Executive Director Ramesh Kalyanaramansaid, “We will focus on making the store (Candere) EBITDA positive in FY26.” He projected an ambitious revenue target of Rs 1,000 crore for Candere in “the next two-three years”.

During Q3, KJIL opened 45 showrooms in India and launched its first showroom in the US, taking the total showroom count to 349. In FY26, the firm plans to expand its showroom count by over 40% and has already signed letters of intent for showrooms to be opened during H1FY26. KJIL owns approximately 60% of its stores, while the remainder operates under a franchise-owned, company-operated (FOCO) model. 

The company is using about 50% of its profits to pay down its debt, which exceeds Rs 2,000 crore. The FOCO model and debt repayments are expected to result in an EBITDA margin contraction of around 100 bps. However, as the debt is paid and the company starts to add more stores of its own starting 2027, margins are expected to expand.

2. Nestle India:

This packaged foods company rose 4.3% on January 31 after announcing its Q3FY25 results, but has declined 3.8% since then. Nestle reported a 4% YoY revenue growth to Rs 4,780 crore, driven mainly by price hikes across three of its four product groups. Volume growth stood at ~1% YoY. The company’s e-commerce segment grew 38%, boosted by festive promotions and premiumization, with Kitkat, NESCAFÉ and Maggi playing key roles.

Nestle's net profit increased 5% YoY during the quarter, but missed Forecaster estimates by 8.2% due to lower volumes, impacted by coffee and cocoa price inflation. The company’s management stated that if coffee prices stay high, it may introduce further price hikes.

Nestle's packaged food penetration has grown in tier-2 and rural markets, with higher growth in ‘Rurban’ areas as the company focuses on premiumization. The company is expanding into previously untapped categories, adding cereals, flavored yogurts, cat food and premium coffees to its portfolio. However, it continues to offer mass-market products like Rs 10 noodles, which remain essential for rural and budget-conscious consumers.

Chairman and Managing Director Suresh Narayanan said, “The premiumization trend is no longer limited to urban consumers—rural consumers also have a taste for premium products. We see a Rs 7,500 crore opportunity in this space across our categories.” He also said the Rurban strategy has helped Nestle reach more consumers. Over the past year, this strategy has expanded distribution reach by 5%.

Speaking on the capex, Narayanan mentioned that the commissioning of its third confectionery unit at the Sanand factory for Kitkat will boost manufacturing capacity, supporting the Rs 5,800 crore capex goal from 2020 to 2025.

Motilal Oswal has a ‘Neutral’ rating for Nestle. The brokerage notes that Nestlé's portfolio faces limited competition from local players, reducing the need for high overhead costs to protect market share. However, with the ongoing inflation, maintaining margins remains crucial. They estimate EBITDA margins of 24% for FY25-26.

3. Swiggy:

This internet & catalogue retail company has plunged over 9% in the last two days after its Q3FY25 results showed losses outpacing revenue growth. Swiggy’s net loss widened 39.1% YoY to Rs 799.1 crore due to higher finance costs, employee benefits, advertising, and delivery expenses. The company’s revenue grew 31% YoY to Rs 3,993.1 crore during the quarter due to improvements in the food delivery, out-of-home consumption, and supply chain & distribution segments.

During the quarter, gross order value (GOV) grew 38% YoY, while the average MTU (monthly transacting users) increased 25.3%, driven by innovations like Bolt (10-minute food delivery) and better execution. Bolt constitutes 9% of the overall food deliveries. The food delivery business’ GOV was up 19.2% YoY. Rohit Kapoor, CEO, Food Marketplace, said, “The October-December quarter is usually slightly softer than others, but we are growing at 19.2%, which is within the range of what we've guided (18 to 22% growth)".

Swiggy’s management is optimistic that the income tax cut announced in the Union Budget 2025-26 will increase disposable income, driving higher discretionary spending and boosting the food delivery business. It expects its GOV to grow by 18-20% YoY in FY26.

The company’s quick commerce unit Swiggy Instamart added 96 dark stores on a net basis in Q3FY25, taking the total store count to 705. However, analysts highlighted that Instamart’s GOV (up 88% YoY) lagged in comparison to Zomato’s Blinkit, which surged ~1.2X YoY. Swiggy’s management noted that competition in quick commerce remains intense in Q4 and is unlikely to ease soon. Competitors like Zepto are also expected to stay aggressive in acquiring customers ahead of their public listing. It has reiterated its guidance of doubling its dark stores and raising the store size by the end of FY25.

Kotak Institutional Equities initiated coverage on the company with a 'Buy' call, and set a target price of Rs 500. The brokerage highlights Swiggy’s unified platform approach, integrating multiple services within a single app, which enhances customer acquisition and cross-selling opportunities. However, it remains cautious due to potential challenges, including increasing competition from Zomato in food delivery along with Blinkit and Zepto in quick commerce.

4. Hitachi Energy India:

Thiselectrical equipment company surged 20% on January 30 following the announcement of itsQ3FY25 results. During the quarter, the company’s net profit soared five-fold YoY to Rs 137.4 crore in Q3FY25, driven by inventory destocking and higher order backlog. Revenue grew 27.2% YoY to Rs 1,620.3 crore due to improved order execution.

Hitachi Energy India’s Q3 order intakesurged eight-fold YoY, reaching a record high of Rs 11,594.3 crore, supported by higher number of orders from data centers and the renewables segment. As a result of this growth, the companyachieved debt-free status in the quarter. The company’s order backlog grew 1.5X YoY to Rs 18,994.4 crore. MD & CEO of Hitachi Energy India, N Venu,said, "Quarter-on-quarter, order inflow growth will depend on market conditions and we are looking at high single-digit to high double-digit growth.”

A key contributor in the order backlog growth was an ordersecured in partnership withBharat Heavy Electricals. The company won an HVDC (High Voltage Direct Current) order fromPower Grid Corporation to build a high-voltage power line that will transport renewable energy from Khavda (Gujarat) to Nagpur (Maharashtra), covering 1,200 km.

On January 18, the company’s board approved aproposal to raise funds up to Rs 4,200 crore. These funds will be utilized for capacity expansion at its transformer factory, upgrading testing facilities, and increasing capacity for traction transformers and network control solutions. N Venuadded, ”We plan to invest Rs 2,000 crore in India over the next four to five years for expansions, capacity building, and talent attraction.” 

Post results, Geojit BNP Paribasupgraded its rating to ‘Buy’, highlighting the strong order backlog, and ongoing capacity expansion. The brokerage sets a target price of Rs 13,825, expecting a CAGR of 26.3% in revenue, 60% in EBITDA, and 73% in net profit over FY25-27.

5. Indian Oil Corporation:

This oil marketing and distribution company declined by over 5% in the past month. It announced its Q3FY25 results on January 28th. During the quarter, its net profit declined by 76.6% YoY to Rs 2,115.3 crore. Revenue was down 3.1% YoY, primarily due to a 4% decline in revenue of the petroleum products segment. However, the company’s revenue beat forecaster estimates by 18.3%, thanks to an 8% QoQ recovery in refining volumes to 18.1 million metric tonnes (MMT). It appears in a screener for stocks which have given consistent high returns over 5 years in Nifty 500.

The Russia-Ukraine conflict, weakness in the Chinese economy, and a weakening rupee have significantly impacted the company’s performance in FY25. However, according to the latest estimates from the Petroleum Planning and Analysis Cell (PPAC) published in January 2025, India's petroleum product demand is expected to reach an all-time high of 252.9 MMT in FY26, reflecting a 4.65% YoY growth. To meet this demand, the company has outlined capital expenditure plans totaling Rs 72,000 crore.

Regarding capex guidance, Anuj Jain, Director Finance of Indian Oil, said, "Indian Oil is investing Rs 72,000 crore to increase its refining capacity by 25%, reaching a total of 88 MMTPA. This includes Rs 38,000 crore for the expansion of Panipat refinery, Rs 19,000 crore for the expansion of Gujarat refinery (both expected to be completed in FY26) and Rs 14,800 crore for the expansion of Barauni refinery, which is anticipated to be finished in 1-2 years."

Speaking on Russian crude imports to India, Mr. Jain said, “We source crude from various markets, including Russia, based on the lowest price. IOCL doesn't have a term contract for Russian crude in FY25. The intake in FY26 will depend on available discounts and freight costs, as Russian crude comes in smaller tankers compared to Middle East crude which comes in Very Large Crude Carriers (VLCCs).”

Goldman Sachs has upgraded IOCL to a ‘Neutral’ rating, noting a 25% drop in Indian OMCs stock prices since early 2024, driven by reduced crude discounts and LPG under-recovery. The brokerage however, believes these concerns are already reflected in OMC stock prices. It forecasts an improved outlook for OMCs in FY26-27, driven by capped crude prices and potentially higher discounts on Russian crude. It also expects Brent crude to drop to $70 per barrel by the end of the year and anticipates a recovery in free cash flow for OMCs in FY26.

Post results, Motilal Oswal has maintained a ‘Buy’ rating on IOCL. The brokerage highlights that IOCL’s major refinery expansions are slated for commissioning in H2FY26. However, considering the sequentially weak refining performance and expected medium-term weakness in the segment, it has reduced its target price to Rs 145.

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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The Baseline
07 Feb 2025
Chart of the Week: In a muted quarter, finance stocks deliver the highest YoY growth
By Abdullah Shah

It’s been a muted Q3FY25 results season, with a large number of companies seeing negative profit growth. But there have been some bright spots, and we look at the best-performing stocks so far. In this chart of the week, we spotlight a screener of stocks with rising Trendlyne momentum scores, which delivered strong YoY growth in revenue and net profit. 

Stocks from the banking, finance (including NBFCs), capital markets, IT consulting & software, and agrochemicals industries show up in the screener. The most notable companies here are Multi Commodity Exchange of India, DOMS Industries, Cholamandalam Investment & Finance, Bajaj Finance, Navin Fluorine International, ICICI Securities, Laurus Labs, and Karur Vysya Bank.

Banking & finance stocks see high growth in Q3FY25

Multi Commodity Exchange of India’s (MCX) Trendlyne momentum score has risen to 57 over the past month after its revenue grew 57.4% YoY in Q3FY25. Meanwhile, the company posted a net profit of Rs 160 crore during the quarter compared to a net loss of Rs 5.4 crore in Q3FY24. This helped the capital markets firm’s revenue to beat Forecaster estimates by 5%. Revenue increased due to growth in the options average daily turnover (ADT), futures ADT and transaction value during the quarter. 

The company’s MD and CEO, Praveena Rai, said, “Moving forward, MCX will be continuing to look at launching new commodity derivative contracts, as well as looking at innovations in our existing products and processes, mapping, and studying the evolving needs of the industry.”

Cholamandalam Investment & Finance’s (CIFC’s) momentum score jumped to 52 after its Q3FY25 revenue and net profit grew 34.5% YoY and 24.8% YoY, respectively. The non-banking financial company’s (NBFC’s) revenue rose thanks to improvement in assets under management (AUM), vehicle financing, property loans, and home loans. This helped revenue and net profit beat Forecaster estimates by 3.8% and 3%. 

Ravindra Kumar Kundu, MD, states, “CIFC retains its leadership in vehicle financing, with strong AUM growth despite sector challenges like inflation and supply chain disruptions. Infrastructure and capex spending in India will drive growth in heavy commercial vehicle (HCV) financing. Expansion into Tier 3 & Tier 4 towns for home loans will help us longterm.”

Bajaj Finance’s momentum score jumped to 66 after its Q3FY25 revenue and net profit grew 27.4% YoY and 16.7% YoY, respectively. The non-banking financial company’s (NBFC’s) revenue rose, led by new customer additions, improvement in loan disbursals, and assets under management. This helped its revenue and net profit beat Forecaster estimates by 2% and 2.6%. 

ICICI Securities’ Trendlyne momentum score increased to 53 over the past month as its revenue and net profit rose 19.9% YoY and 8.3% YoY in Q3FY25. Revenue growth was driven by an improvement in the broking & distribution and issuer services & advisory segments, while net profit rose due to a reduction in commission expenses. 

Karur Vysya Bank also features in the screener, with its Trendlyne momentum score rising to 65 after posting a 16.2% YoY and a 20.5% YoY growth in its Q3FY25 revenue and net profit. This bank’s revenue and net profit surpassed Forecaster estimates by 173% and 5.8%. Revenue rose due to improved corporate & retail banking, while net profit increased due to lower provisions and employee benefits expenses. 

Analysts at BNP Geojit Paribas believe that India’s loan growth has peaked and expect deposit growth to align with loan growth in FY26-27. They anticipate the bank’s loan book to grow by 10.4% in FY26E and 11.6% in FY27E, while deposit growth is expected to decrease but remain stable at 10.9% for FY26E and 11.8% for FY27E.

Stationery, commodity chemicals and pharma stocks deliver strong results 

Pharmaceuticals player Laurus Labs, witnessed its Trendlyne momentum score rising to 71 over the past month due to its revenue and net profit growing 18.4% YoY and 298.9% YoY, respectively in Q3FY25. Both revenue and net profit beat Forecaster estimates by 7.7% and 41.3%, respectively, on the back of an increase in sales from the contract development & manufacturing organisation (CDMO) and formulation (FDF) segments. 

DOMS Industries' Trendlyne momentum score increased to 54 in the last month, helped by its revenue and net profit growing 34.9% YoY and 35.9% YoY, respectively, in Q3FY25. Its revenue and net profit beat Forecaster estimates by 4.6% and 8.3%, respectively. This stationery company’s revenue jumped owing to increased sales of school stationery and office supplies. 

DOMS’ MD, Santosh Rasiklal Raveshia, said, “The new distribution agreement with FILA will offer significant growth potential in South Africa, Australia, the US, and Europe markets, utilising FILA's strong network in over 100 countries.”

Navin Fluorine International appears in the screener with its Trendlyne momentum score rising to 66 as its revenue increased 20.8% YoY in Q3FY25. Its net profit jumped 7.2% YoY during the quarter. Both revenue and net profit surpassed Forecaster estimates by 4.9% and 17.3%, respectively. Increase in high-pressure processing (HPP) and specialty chemicals segments helped revenue growth, while higher capacity utilisation at the Dahej and Surat plants; and lower inventory and employee benefits expenses assisted in net profit rise. 

Analysts at Edelweiss believe that the capacity expansion at Navin Fluorine’s R32 facility will improve optimisation amid a recovery in demand, higher demand in the agro-specialty business, and a recovery in the contract development & manufacturing organisation (CDMO) will help growth in FY26-27. It expects the company’s revenue to grow at a CAGR of 27.2% over FY26-27.

Commenting on its results, Laurus Labs’ Founder and CEO, Satyanarayana Chava, said, “The strong progress in the CDMO business will help to achieve long-term growth. The strategic investment by Eight Roads in our biotech arm will further expand our efforts toward building a commercial scale sustainable manufacturing capability, helping boost revenue growth."

 
Trendlyne Marketwatch
Trendlyne Marketwatch
07 Feb 2025
Market closes lower, M&M's EBITDA margin expands 200 bps YoY in Q3
By Trendlyne Analysis

Nifty 50 closed at 23,559.95 (-43.4, -0.2%), BSE Sensex closed at 77,860.19 (-198.0, -0.3%) while the broader Nifty 500 closed at 21,646.15 (-26.3, -0.1%). Market breadth is sharply down. Of the 2,401 stocks traded today, 781 were on the uptrend, and 1,591 went down.

Indian indices closed lower, with the benchmark Nifty 50 index closing 23,560. The Indian volatility index, Nifty VIX, fell 3.5% and closed at 13.7 points. Bharti Airtel closed 3.6% higher as its net profit grew 5X YoY to Rs 14,781.2 crore in Q3FY25, driven by a one-time gain from consolidating a majority stake in Indus Towers.

Nifty Smallcap 100 closed in the red, while Nifty Midcap 100 closed in the green. Nifty PSU Bank and BSE Oil & Gas closed lower. According to Trendlyne’s sector dashboard, Hardware Technology & Equipment emerged as the worst-performing sector of the day, with a fall of 1.7%.

European indices are trading mixed. Major Asian indices closed mixed. US index futures are trading mixed, indicating a cautious start to the trading session in anticipation of the US job data set to come out later today. Southern Copper Corp, Fortive Corp, Kimco Realty Corp, Avantor, Plains All American Pipeline, Cboe Global Markets, and Construction Partners are set to report their earnings later today.

  • Money flow index (MFI) indicates that stocks like Navin Fluorine International, Eris Lifesciences, Bajaj Finance, and IndusInd Bank are in the overbought zone.

  • Britannia Industries falls as it plans a 4-4.5% price hike by the end of FY25. During Q3FY25, its net profit rises 4.5% YoY to Rs 581.7 crore. Revenue increases 7.9% YoY to Rs 4,592.6 crore, surpassing Forecaster estimates by 2.1%. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Bikaji Foods International is falling as its net profit declines 38.7% YoY to Rs 28.6 crore in Q3FY25 due to inflationary pressures and unfavourable raw material prices. Revenue increases 14.5% YoY to Rs 714.9 crore during the quarter. The company appears in a screener of stocks with book value per share improving over the last two years.

  • Mahindra & Mahindra is rising as its Q3FY25 net profit grows 19.6% YoY to Rs 3,180.6 crore. Revenue increases 17% YoY to Rs 41,881.4 crore, led by improvements in the automotive, farm equipment, financial services, and industrial businesses & consumer services segments. It appears in a screener of stocks with increasing revenue over the past eight quarters.

  • Samir Dhir, CEO of Sonata Software, aims for a $1.5 billion revenue run rate by Q4FY27 but projects a delay of 1-2 quarters. He highlights that the company's Q4 revenue declined by 2.5-3% due to client ramp-downs and seasonal factors. EBITDA dropped by 360 bps during the quarter, with wage hikes contributing 70-80 bps.

  • Caplin Point Laboratories rises as its net profit grows 17% YoY to Rs 140.1 crore in Q3FY25. Revenue increases 13.2% YoY to Rs 493 crore, helped by improvements in the US, regulated, and emerging markets. It features in a screener of stocks with increasing revenue for the past eight quarters.

  • PI Industries is falling as its net profit declines 16.9% YoY to Rs 372.7 crore in Q3FY25, driven by higher material costs and employee benefit expenses. Revenue increases marginally YoY to Rs 1,900.8 crore during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Motherson Sumi Wiring India is falling as its net profit declines 16.6% YoY to Rs 140 crore in Q3FY25, caused by higher raw materials, inventory, employee benefits and depreciation & amortisation expenses. However, revenue grows 8.8% YoY to Rs 2,300.9 crore, led by an improved product mix. It shows up in a screener of stocks with PEG greater than industry PEG.

  • Project financing stocks like REC and Power Finance Corp. are rising as RBI Governor Sanjay Malhotra extends the deadline for implementing the liquidity coverage ratio and new project finance norms. He highlighted the need for more time, assuring that no new project finance regulations will be introduced before March 31, 2026.

  • Dr Reddy’s Laboratories' subsidiary partners with Shanghai Henlius Biotech to develop and commercialise HLX15, an under-development cancer drug. The agreement gives the company exclusive marketing rights in the US and Europe, with payments to Henlius totalling Rs 1,146 crore, including Rs 389 crore upfront.

  • ZF Commercial Vehicle Control Systems India rises sharply as its Q3FY25 net profit grows 24.4% YoY to Rs 125.5 core, owing to lower inventory and finance costs. Revenue increases 5.5% YoY to Rs 978.9 crore, helped by higher sales of products and services. It features in a screener of stocks in the buy zone based on days traded at current PE and P/BV.

  • PG Electroplast is rising as its net profit grows 106% YoY to Rs 39.5 crore in Q3FY25, driven by inventory destocking. Revenue increases 81.9% YoY to Rs 967.7 crore during the quarter, helped by higher sales from the product segment. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Motilal Oswal anticipates a 100 bps QoQ improvement in Mahindra & Mahindra's tractor segment margins, reaching 18.5% in Q3FY25. However, it expects the automobile segment margin to decline by 50 bps QoQ due to discounts and promotional spending. The brokerage forecasts a 20% YoY growth in the tractor segment during the quarter.

  • Raymond's step-down subsidiary, Ten X Realty West, signs a joint development agreement for a residential project in Mahim West, Mumbai. This marks Raymond's second project in the area, with an estimated revenue potential of Rs 1,800 crore.

  • Sonata Software plunges to its 52-week low of Rs 446.1 per share as its Q3FY25 net profit declines 1.4% QoQ to Rs 105 crore due to higher raw materials and employee benefits expenses. However, revenue grows 30.8% QoQ to Rs 2,864.3 crore, attributed to an improvement in the Indian market. It shows up in a screener of stocks with low Piotroski scores.

  • Krishna Institute of Medical Sciences is falling as its net profit misses Forecaster estimates by 5% despite increasing 23.5% YoY to Rs 88.7 crore in Q3FY25, driven by inventory destocking. Revenue rises 27.5% YoY to Rs 772.4 crore during the quarter. The company appears in a screener of stocks with declining ROE over the past two years.

  • RBI Governor Sanjay Malhotra projects real GDP growth of 6.7% for FY26. The central bank revises the Q1 growth forecast to 6.7% from 6.9%, Q2 to 7% from 7.3%, and Q3 and Q4 to 6.5%. Malhotra notes that the global economy remains challenged, growing below the historical average, though high-frequency indicators show resilience.

  • JSW Energy's subsidiary, JSW Neo Energy, signs a renewable energy (RE) power purchase agreement with Amazon for 180 MW of wind power. This raises the company's locked-in commercial and industrial RE capacity to 4 GW.

  • Gulf Oil Lubricants India is rising as its net profit grows 22.2% YoY to Rs 97.9 crore in Q3FY25, helped by stable raw material costs. Revenue increases 12.6% YoY to Rs 920.4 crore during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding over the past two months.

  • Aurobindo Pharma is rising as its revenue grows 8.3% YoY to Rs 8,135.8 crore in Q3FY25, helped by improvements in the Europe formulations, growth markets, and antiretroviral (ARV) segments. However, net profit declines 9.7% YoY to Rs 845.8 crore due to higher raw materials, inventory, employee benefits, and finance costs. It appears in a screener of newly affordable stocks with good financials and durability.

  • The Reserve Bank of India (RBI) lowers the repo rate by 25 bps to 6.25% while maintaining its ‘Neutral’ stance during the Monetary Policy Committee meeting. This is the first rate cut by the central bank in nearly five years.

  • NCC plunges more than 10% as its net profit declines 12.4% YoY to Rs 193.2 crore in Q3FY25 due to higher raw materials, construction, sub-contractor, employee benefits, and finance costs. Revenue grows 1.8% YoY to Rs 5,382.9 crore, led by an improvement in the construction segment. It shows up in a screener of stocks underperforming their industries over the past quarter.

  • Hero MotoCorp is rising as its Q3FY25 net profit grows 1.3% YoY to Rs 1,107.6 crore owing to inventory destocking and lower finance costs. Revenue increases 5.3% YoY to Rs 10,566.3 crore, driven by higher motorcycle and scooter sales. It features in a screener of stocks with rising net cash flow and cash from operating activities.

  • Bharti Airtel is rising as its net profit grows 5X YoY to Rs 14,781.2 crore in Q3FY25, driven by a one-time gain from consolidating a majority stake in Indus Towers. Revenue increases 19.1% YoY to Rs 45,129.3 crore during the quarter. The company features in a screener of stocks with improving cash flow from operations over the past two years.

  • Nifty 50 was trading at 23,593.45 (-9.9, 0.0%) , BSE Sensex was trading at 78,119.60 (61.4, 0.1%) while the broader Nifty 500 was trading at 21,644.85 (-27.6, -0.1%)

  • Market breadth is in the red. Of the 1,912 stocks traded today, 653 were in the positive territory and 1,209 were negative.

Riding High:

Largecap and midcap gainers today include Bharti Hexacom Ltd. (1,465.80, 11.9%), Tata Steel Ltd. (138.31, 4.4%) and Jindal Steel & Power Ltd. (844.55, 4.4%).

Downers:

Largecap and midcap losers today include GAIL (India) Ltd. (171.05, -4.1%), Cummins India Ltd. (2,871.90, -3.1%) and Oil And Natural Gas Corporation Ltd. (248.90, -2.8%).

Volume Rockets

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

Top high volume gainers on BSE included Godfrey Phillips India Ltd. (5,470.45, 18.9%), Bharti Hexacom Ltd. (1,465.80, 11.9%) and ZF Commercial Vehicle Control Systems India Ltd. (11,867.70, 9.3%).

Top high volume losers on BSE were NCC Ltd. (207.30, -12.7%), Sonata Software Ltd. (489.30, -11.3%) and Bikaji Foods International Ltd. (659.25, -10.2%).

Aadhar Housing Finance Ltd. (401.15, 2.1%) was trading at 13.1 times of weekly average. Welspun Corp Ltd. (801.75, 7.1%) and JM Financial Ltd. (117.35, 6.3%) were trading with volumes 7.9 and 6.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

2 stocks overperformed with 52 week highs, while 7 stocks hit their 52 week lows.

Stocks touching their year highs included - Kotak Mahindra Bank Ltd. (1,929.25, 0.7%) and Laurus Labs Ltd. (641.35, 0.7%).

Stocks making new 52 weeks lows included - 3M India Ltd. (28,167.25, -1.1%) and Rajesh Exports Ltd. (181.37, -6.3%).

15 stocks climbed above their 200 day SMA including Godfrey Phillips India Ltd. (5,470.45, 18.9%) and JM Financial Ltd. (117.35, 6.3%). 14 stocks slipped below their 200 SMA including KPR Mill Ltd. (894.15, -3.3%) and Maharashtra Scooters Ltd. (9,414.25, -2.0%).

 
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The Baseline
06 Feb 2025
Which stocks did superstar investors buy in Q3FY25?
By Divyansh Pokharna

Investors closely track superstar investors like RARE Enterprises, Ashish Kacholia, Sunil Singhania, and Vijay Kedia for insights into the market. Their buying and selling activity helps retail investors identify interesting sectors and stocks. Let’s take a look at their top buys in Q3FY25.

(You can now invest in shadow superstar baskets available on Starfolio, which are updated and rebalanced in line with Trendlyne's superstar portfolios).

In Q3, most superstar investors stayed cautious as markets fell, making fewer additions and more stake sales, continuing the trend from the September quarter. The chart below shows the changes in superstar investors' current public portfolio net worth. 

Note that net worth includes both current holding changes, and new buys & sells. 

Each superstar investor's portfolio reflects their unique investing style and sector preferences. The following chart highlights the dominant sectors in each investor’s public portfolio. 

Sector preferences vary among superstar investors – RARE Enterprises leans towards the diversified consumer services sector, while Ashish Kacholia favours general industrials. Sunil Singhania prefers the metals & mining sector, and Vijay Kedia’s preferred industry is automobiles & auto components. Dolly Khanna leans more towards the oil & gas industry, and Porinju Veliyath focuses on software & services.

RARE Enterprises reveals a 49.3% stake in a newly listed company during Q3

Rakesh Jhunjhunwala’s portfolio, currently managed by Rekha Jhunjhunwala and RARE Enterprises, has risen by 16.9% to Rs 64,384.4 crore as of February 5. RARE Enterprises disclosed a stake in one newly listed company and made a minor increase in another during the quarter.

Jhunjhunwala’s portfolio includes a 49.3% stake inInventurus Knowledge Solutions, a healthcare services company. This drove the overall net worth higher. The company debuted on the bourses on December 19, 2024, with itsIPO oversubscribed by 52.7 times and has gained 30.7% since listing. RARE Enterprises is part of Inventurus’ promoter group. The late Rakesh Jhunjhunwala acquired a stake in the company in 2007.

During Q2, RARE increased a minor stake in Geojit Financial Services. The portfolio now holds a 7.2% stake in this capital markets company. Over the past year, the company’s share price has increased by 11%. 

Ashish Kacholia adds two new companies to his portfolio

Ashish Kacholia’s net worth has declined by 18.3% to Rs 2,858.7 crore as of February 5. During the quarter, the investor added two new companies to his portfolio and raised stakes in another two companies. 

Kacholia’s biggest buy during the December quarter was Texel Industries, a plastic products maker. The ace investor bought a 7.9% stake in the company. The company’s share price has increased by 77.4% over the past year, outperforming its industry by 58.2% points. 

During Q2, he also acquired a 3.8% stake in Aelea Commodities. Over the past quarter, the cashew processing company has surged by 27.1%, outperforming its industry by 43% points. 

He increased his stake in Xpro India by 0.5%, bringing his holding to 4.2%. Xpro has a high Durability score of 70 and 52 on Trendlyne’s checklist. Kacholia also made a minor increase in Aeroflex Industries, now holding 1.8% in the iron & steel products maker.

Sunil Singhania’s Abakkus Fund adds a textiles company in Q3

Sunil Singhania’s Abakkus Fund saw its net worth fall by 17% to Rs 2,654.9 crore as of February 5. The fund made its first new stock addition since Q3FY24 and increased a minor stake in a household appliances company.

Abakkus Fund's most notable investment was a 6.8% stake in Himatsingka Seide, a textile manufacturer. The company has a Durability score of 70, reflecting strong financial stability, along with an affordable valuation. However, its stock price has declined by 5% over the past year.

The fund also raised its stake in Hindware Home Innovation by 0.1%, now holding 4.6% in the household appliances manufacturer.

Vijay Kedia increases stake in three companies during Q3FY25

Vijay Kedia’s net worth decreased by 2.7% to Rs 1,627 crore. During the October-December quarter, the ace investor increased his stake in an airlines company.

The investor raised his stake in Global Vectra Helicorpby buying a 0.2% stake. Over the past year, this airlines company’s share price has zoomed 126.3%, outperforming its industry significantly by 89.9% points. 

Dolly Khanna adds three new companies in Q3, raises stakes in four

Dolly Khanna’s net worth decreased by 34.8% to Rs 397.9 crore as of February 5, and publicly holds 19 companies. During Q3, she continued to expand her portfolio by adding three new companies and raising stakes in four others. Her new investments include a 1.2% stake each in metals & mining company Indian Metals & Ferro Alloys, and Rajshree Polypack, a containers & packaging firm, along with a 1.1% stake in household appliances maker Stove Kraft. 

Trendlyne classifies both Indian Metals and Rajshree Polypack as Strong Performers, Under Radar. Meanwhile, Stove Kraft has risen by 81.7% over the past year, outperforming its industry by 59.9% points. 

During the third quarter, Khanna bought a 0.3% stake in capital markets company Emkay Global Financial Services, taking her holding to 2.8%. She bought a 0.2% stake in fertilizers stock Mangalore Chemicals & Fertilizers and now holds a 1.8% stake. 

The ace investor added minor stakes in the sugar stock KCP Sugar & Industries Corp and metals & mining company Prakash Industries. She now holds 1.8% and 1.3% stakes, respectively, in these companies. 

Porinju Veliyath adds an auto parts company 

Porinju Veliyath’s net worth decreased by 10.7% to Rs 248.8 crore. During the December quarter, he added Sundaram Brake Lining to his portfolio, acquiring a 1% stake in the auto parts & equipment manufacturer. Over the past year, the company has risen by 64.6%, outperforming its industry by 54.9% points. Sundaram Brake Lining is a Mid-range Performer with high financial strength and mid-valuation, scoring 85 and 35.3, respectively.  

Veliyath also added a 0.5% stake in an IT software company Aurum Proptech, taking his holding to 5.9%. The company’s share price has increased by 32.8% in the past year, outperforming its industry by 20.1% points. 

 
Trendlyne Marketwatch
Trendlyne Marketwatch
06 Feb 2025
Market closes lower, NMDC's Q3FY25 net profit grows 26.8% YoY to Rs 1,882 crore
By Trendlyne Analysis

Nifty 50 closed at 23,603.35 (-93.0, -0.4%) , BSE Sensex closed at 78,058.16 (-213.1, -0.3%) while the broader Nifty 500 closed at 21,672.45 (-111.8, -0.5%). Market breadth is in the red. Of the 2,409 stocks traded today, 1,124 were gainers and 1,257 were losers.

Indian indices closed lower, as investors await the RBI's monetary policy decision on Friday, amid ongoing trade war concerns. The Indian volatility index, Nifty VIX, rose 0.7% and closed at 14.2 points. UNO Minda's net profit grew 20.2% YoY to Rs 232.6 crore in Q3FY25, helped by inventory destocking. Revenue increased 18.7% YoY during the quarter. 

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red, following the benchmark index. Nifty Realty and Nifty Consumer Durables closed lower. According to Trendlyne’s sector dashboard, Retailing emerged as the worst-performing sector of the day, with a fall of 4%.

European indices are trading in the green. Major Asian indices closed mixed. US index futures are trading higher, indicating a positive start to the trading session. Amazon, Eli Lilly, AstraZeneca, Philip Morris International, Honeywell, Bristol Myers Squibb, and ConocoPhillips are set to report their earnings later today.

  • Phoenix Mills sees a short buildup in its February 27 futures series, with open interest increasing by 40.4% and a put-call ratio of 0.5.

  • Voltas is falling as it faces a legal setback in Qatar after the court orders to pay Rs 402 crore in a dispute with the JV of OHL International, Spain, and Contrack, Cyprus (OHL&C). The case, linked to a subcontract agreement, was filed at the Investment and Trade Court in Doha in August 2023.

  • NMDC's Q3FY25 net profit grows 26.8% YoY to Rs 1,882 crore, driven by inventory destocking. Revenue rises 20.8% YoY to Rs 6,942.9 crore, led by improvements in the iron ore, pellet, other minerals, products, and services segments. It features a screener of profit making stocks with high return on capital employed (RoCE) and low PE.

  • MTAR Technologies is rising as it secures orders worth Rs 200 crore across its Clean Energy, Civil Nuclear Power, MNC Aerospace, and Space verticals. These include Rs 157.4 crore in fuel cell orders from Bloom Energy, Rs 2.7 crore in first article orders for energy storage systems from Fluence, Rs 22 crore in civil nuclear power, and Rs 17.9 crore in space and aerospace, including from ISRO and MNC aerospace customers.

  • According to Nuvama Alternative & Quantitative Research, the Nifty 50 reshuffle in March is expected to bring major changes. Zomato and Jio Financial Services are poised to replace state-owned Bharat Petroleum Corporation (BPCL) and Britannia Industries in the benchmark index.

  • MRF is falling as its net profit declines by 39.6% YoY to Rs 306.7 crore in Q3FY25 due to higher raw materials and employee benefits expenses. However, revenue grows by 13.8% YoY to Rs 6,883.2 crore during the quarter. It shows up in a screener of stocks with current prices below short, medium, and long-term moving averages.

  • Avalon Technologies rises to its 5% upper limit as its net profit surges 2.6x YoY to Rs 24 crore in Q3FY25, driven by inventory destocking. Revenue increases 31.1% YoY to Rs 280.9 crore during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Uno Minda's Q3FY25 net profit grows 20.2% YoY to Rs 232.6 crore in Q3FY25, helped by inventory destocking. Revenue rises 18.7% YoY to Rs 4,192.4 crore during the quarter. It features in a screener of stocks with improving cash flow from operations over the past two years.

  • Anuj Jain, MD & CEO of Kansai Nerolac Paints, notes a 1-2% volume growth in the decorative segment in Q3FY25. During the quarter, industrial growth surpassed decorative growth due to higher inflation, which impacted demand. He highlights the company's target to maintain EBITDA margins at approximately 13%.

  • Bharat Dynamics is rising as its net profit grows 9% YoY to Rs 147.1 crore in Q3FY25 due to lower employee benefit expenses and inventory destocking. Revenue increases 38.3% YoY to Rs 832.1 crore during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Reliance Power rises sharply as it posts a net profit of Rs 42 crore in Q3FY25 compared to a net loss of Rs 1,136.8 crore in Q3FY24, helped by lower finance, depreciation & amortisation, generation, and administration expenses. Revenue grows 8% YoY to Rs 2,159.4 crore during the quarter. It appears in a screener of stocks with the highest recovery from their 52-week lows.

  • KPI Green Energy surges to its 5% upper circuit as its revenue grows 38.8% YoY to Rs 458.4 crore in Q3FY25, driven by higher power and solar power plant sales. Net profit rises 68.2% YoY to Rs 85.2 crore during the quarter. It shows up in a screener of stocks where mutual funds increased their shareholding over the past two months.

  • The Defence Ministry is set to sign a contract worth over Rs 10,200 crore with Solar Industries for ammunition for the Pinaka multi-barrel rocket launcher systems. The agreement includes a Rs 5,700 crore deal for high-explosive pre-fragmented ammunition and Rs 4,500 crore for area denial munitions.

  • VRL Logistics is rising as its net profit grows 3.4X YoY to Rs 59.4 crore in Q3FY25 due to lower freight, handling, servicing cost, and finance costs. Revenue increases 12% YoY to Rs 825.2 crore during the quarter. The company appears in a screener of stocks with zero promoter pledges.

  • Azad Engineering rises as it signs a long-term agreement with Rolls-Royce PLC to manufacture critical civil aircraft engine components in India for the entire lifecycle of the engine program.

  • Triveni Engineering & Industries is rising as it signs a memorandum of understanding (MoU) with Rolls-Royce Marine North America to explore opportunities to collaborate on 4MW marine gas turbine generators (GTG) for customers in India. The partnership will focus on design, development, manufacturing, and providing sales and support services for the marine GTGs.

  • According to data from the Federation Of Automobile Dealers Associations (FADA), India’s automobile retail sales rose 7% YoY in January to 22.9 lakh units, driven by strong demand across segments. Two-wheeler sales increased 4% MoM to 15.3 lakh units, while PV sales grew 16% YoY to 4.7 lakh units. Dealers noted improved demand but highlighted that heavy discounting helped clear out older models and boost registrations last year.

  • Redington is rising as its Q3FY25 net profit grows 17.5% YoY to Rs 400.3 crore, owing to inventory destocking and finance costs. Revenue rises 13.7% YoY to Rs 26,764.4 crore, driven by an increase in the Singapore, India & South Asia (SISA) and rest of the world (RoW) markets. It features in a screener of stocks with prices above short, medium, and long-term moving averages.

  • Sula Vineyard falls sharply as its net profit declines 34.7% YoY to Rs 28.1 crore in Q3FY25 due to higher raw materials, inventory, excise duty, employee benefits, and selling, distribution & marketing expenses. Revenue decreases 0.6% YoY to Rs 217.5 crore during the quarter. It appears in a screener of stocks with medium to low Trendlyne momentum scores.

  • HG Infra Engineering is rising as its net profit grows 12.9% YoY to Rs 115.2 crore in Q3FY25 due to lower material costs. However, revenue declines 7.3% YoY to Rs 1,264.8 crore during the quarter. The company appears in a screener of stocks with book value per share improving over the past two years.

  • Praveer Sinha, CEO of Tata Power, announces plans to enter the small modular nuclear reactor market after accessing the government's policy decisions and the possible amendments to the Atomic Energy Act. The company also intends to divest $1 billion(~Rs 8,250 crore) in non-core international assets, focusing on the Indian power sector and expanding its rooftop solar market share.

  • GE Vernova T&D India falls sharply as its Q3FY25 revenue misses Forecaster estimates by 4.9% despite growing 31.7% YoY to Rs 1,099.5 crore due to lower order intake. However, net profit surges 2.9x YoY to Rs 142.7 crore, helped by lower finance and depreciation & amortisation expenses. It shows up in a screener of stocks with degrowth in revenue, net profit, and operating profit margin QoQ.

  • Sagility India is rising sharply as its Q3FY25 net profit surges 3.1x YoY to Rs 216.9 crore owing to lower finance and depreciation & amortisation expenses. Revenue grows 18.3% YoY to Rs 1,497 crore during the quarter. It appears in a screener of stocks outperforming their industries over the past quarter.

  • Data Patterns (India) is falling as its net profit declines 12.4% YoY to Rs 44.7 crore in Q3FY25, driven by higher cost of materials. Revenue decreases 16.1% YoY to Rs 117 crore due to delays in order receipts and deferment of delivery of completed products by a customer during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Welspun Corp is rising as its Q3FY25 net profit surges 131.2% YoY to Rs 674.7 crore due to lower raw material costs. However, revenue declines 23.2% YoY to Rs 3,656.6 crore during the quarter, led by a reduction in sales of steel products. It features in a screener of undervalued growth stocks.

  • Nifty 50 was trading at 23,731.60 (35.3, 0.2%), BSE Sensex was trading at 78,513.36 (242.1, 0.3%) while the broader Nifty 500 was trading at 21,826 (41.8, 0.2%).

  • Market breadth is overwhelmingly positive. Of the 1,908 stocks traded today, 1,337 showed gains, and 526 showed losses.

Riding High:

Largecap and midcap gainers today include GlaxoSmithKline Pharmaceuticals Ltd. (2,260.65, 13.1%), Abbott India Ltd. (29,117, 4.7%) and Sona BLW Precision Forgings Ltd. (533.25, 3.5%).

Downers:

Largecap and midcap losers today include Trent Ltd. (5,277.10, -8.2%), Solar Industries India Ltd. (9,115, -5.6%) and Macrotech Developers Ltd. (1,198.70, -5.5%).

Volume Rockets

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

Top high volume gainers on BSE included GlaxoSmithKline Pharmaceuticals Ltd. (2,260.65, 13.1%), Castrol India Ltd. (210.10, 8.3%) and JK Lakshmi Cement Ltd. (839.45, 7.1%).

Top high volume losers on BSE were Trent Ltd. (5,277.10, -8.2%), Timken India Ltd. (2,717.80, -2.8%) and 360 One Wam Ltd. (1,009.70, -1.9%).

Redington Ltd. (228, 6.4%) was trading at 17.7 times of weekly average. Just Dial Ltd. (884.10, 1.6%) and TTK Prestige Ltd. (747, 4.5%) were trading with volumes 15.5 and 9.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

2 stocks took off, crossing 52 week highs, while 3 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Bajaj Finance Ltd. (8,507.30, 0.0%) and Laurus Labs Ltd. (636.80, 0.9%).

Stocks making new 52 weeks lows included - 3M India Ltd. (28,485.80, 0.0%) and MRF Ltd. (1,13,857.75, -1.0%).

20 stocks climbed above their 200 day SMA including JK Lakshmi Cement Ltd. (839.45, 7.1%) and Abbott India Ltd. (29,117, 4.7%). 11 stocks slipped below their 200 SMA including Phoenix Mills Ltd. (1,615.60, -5.0%) and CCL Products India Ltd. (649.40, -4.6%).

 
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The Baseline
05 Feb 2025
Market correction hits superstar investor portfolios | Screener: Stocks with positive surprises in results
By Tejas MD

Finance Minister Nirmala Sitharaman is probably not very happy with Tariff ManDonald Trump, considering how his tariff announcements stomped all over her Budget buzz.

The Budget this year was a careful balancing act, with big income tax cuts for consumers as well as lower import duties to boost manufacturing. All this got eclipsed by Trump's tariff threats, and market chaos peaked on Sunday, as Nasdaq futures crashed 2.5%.

Last-minute agreements with Mexico and Canada have now delayed tariffs for a month. But Trump is the chaos president. Just yesterday, on February 4 he announced that the US plans to seize the Gaza strip, relocate its two million residents elsewhere, and turn it into a 'riviera'.

Trump said, "Everybody I have spoken to loves the idea of the United States owning that land". Well, everybody except almost every country in the Middle East.

So, how are superstar investors playing this volatile market?

In this week’s Analyticks, 

  • Superstar investors see their net worth fall from their peak
  • Screener: Stocks with positive surprises in Revenue and EPS this quarter

Market correction hits superstar investors' portfolios

India's benchmark indices have fallen 12% from their all-time highs. Relentless FII selling, muted earnings and worries about a trade war are spooking investors.

Superstar investors haven’t been spared either, despite their long experience and in-house research teams. 

Major superstar investors see their net worth fall in 2025

With negative market sentiment in Q3FY25, only two major superstar investors—Mukul Agrawal and Vijay Kedia—managed to grow their net worth. 

Mukul Agrawal's gains were primarily from his bet on BSE, which surged 22% during the quarter. The stock constitutes 14% of his portfolio, making it the key driver of his overall performance. 

Vijay Kedia’s gains came from TAC Infosec, which rose 14% in Q3 and contributes 14% to his total holdings.

Outside of these two, most superstar investors have faced significant declines since the correction began in Q2FY25. 

Dolly Khanna’s public portfolio slumped 25.5% in Q3, dragged down by Chennai Petroleum, which fell 17%. That one stock alone makes up 25% of her holdings - an argument for diversification, folks.

Rakesh Jhunjhunwala & Associates saw a rise in overall net worth in January 2025, but that was mainly due to a Rs 14,953 crore fund infusion into a newly listed company (Inventurus Knowledge) on December 19, 2024. Without this capital injection, the portfolio actually declined 4.6% in January.

Ace investors’ net worth fall from their Q1FY25 peak 

As expert investors saw their net worth fall, most decided to either hold or trim their stakes. Buys were few. But Mukul Agrawal has followed a different strategy - he shuffled his portfolio significantly, both decreasing his stakes in 12 companies and buying shares in eight new companies. 

Mukul Agrawal breaks the trend, buys several stocks even as he sells

We will have to wait and see if these new buys turn out to be smart bets. 

Expert investors buy new stakes in financially strong and recently listed companies

The group of top investors we analyzed acquired in total, new stakes in 15 companies in Q3, mainly in the small-cap space. Mukul Agrawal contributed eight of these new additions.

Two clear patterns emerge from this list. First, six of these new buys were recently listed on the exchanges and outperformed the benchmark index over the past quarter. Second, these stocks have strong financials, as reflected in Trendlyne’s Durability scores.

Two sectors stand out among these investments—commercial services & supplies and textiles, apparel & accessories, both appearing frequently in the portfolio updates.

Superstar investors are buying stocks with good financial health

Note that newly listed companies don’t yet have some Trendlyne scores.

The quarter's best performer was KRN Heat Exchanger (listed on exchanges on October 3) picked up by Mukul Agrawal. In fact, five of the six recently listed stocks have delivered better returns than the Nifty50 in the last three months. 

Superstar investors pick up stakes in recently listed companies

Superstar investors sell stakes in underperforming companies 

Nine stocks exited superstar portfolios in the past quarter. Barring Jagsonpal Pharma, all other companies have underperformed the Nifty50 in the past quarter. 

Superstar investors sell underperforming stocks in Q3FY25

The list includes stocks from pharma to banking and finance. The top loser on the list is the software and services company E2E Networks, which was sold by Ashish Kacholia. 

Rare Enterprises and Dolly Khanna reduced their stake to below 1% in Sun Pharma Advanced Research Company and Pondy Oxides Chem, respectively, in Q3. 

Top performers: Mukul Agrawal's 2017 bet Neuland Labs delivers growth

When we look at long-term bets by these superstars, Mukul Agrawal's Neuland Labs and Kacholia’s Shaily Engineering Plastics come out on top. Neuland Labs and Shaily Engg contribute around 13.5% of their portfolios. 

Best performing long-term holdings: Mukul Agrawal's Neuland Labs tops the list

Bhanshali’s Gujarat Fluorochemicals (30% of total holding value) and Khanna’s Chennai Petroleum Corp (22% of total holding value), on the other hand, have relatively lagged since they bought the stock. However, Bhanshali's net worth has almost tripled in the past two years due to high performance in their other holdings and fresh buys in new stocks. 

Screener: Stocks with positive surprises in Revenue and EPS in Q3FY25

Cement & construction stocks beat Forecaster estimates in Q3FY25

As we are past the halfway point of the Q3FY25 results season, we look at stocks that have outperformed estimates with the highest margin. This screener shows stocks where quarterly revenue and EPS in Q3FY25 beat Forecaster estimates.

The screener is dominated by stocks from the realty, general industrials, pharmaceuticals & biotechnology, metals & mining, and banking & finance sectors. Major stocks that show up in the screener are Bharat Electronics, Brigade Enterprises, Ambuja Cements, Coromandel International, Bajaj Finserv, ACC, Canara Bank, and Indian Hotels.

Bharat Electronics features in the screener with the highest Forecaster revenue surprise of 17.4% in Q3FY25. Meanwhile, its net profit beat Forecaster estimates by 29.3% during the quarter. This aerospace & defence company’s revenue and net profit grew by 37.6% YoY to Rs 5,957.1 crore and 52.5% YoY to Rs 1,311 crore, respectively. Its revenue increased on the back of its order book rising by Rs 11,000 crore to Rs 71,100 crore so far in FY25. Net profit rose due to a reduction in inventory costs. 

Ambuja Cements’ revenue and net profit beat Forecaster estimates by 14% and 75.5%, respectively in Q3FY25. This cement & cement products firm’s revenue grew by 26.6% YoY to Rs 1,529.7 crore, driven by an improvement in sales of cement and ready-mix concrete. Its net profit surged 157% YoY to Rs 2,115.3 crore owing to a tax return of Rs 805 crore and lower finance costs. 

You can find some popular screeners here.

 
Trendlyne Marketwatch
Trendlyne Marketwatch
05 Feb 2025
Market closes lower, Lupin secures US FDA approval to market generic HIV therapy drugs
By Trendlyne Analysis

Nifty 50 closed at 23,696.30 (-43.0, -0.2%), BSE Sensex closed at 78,271.28 (-312.5, -0.4%) while the broader Nifty 500 closed at 21,784.25 (56.8, 0.3%). Market breadth is overwhelmingly positive. Of the 2,411 stocks traded today, 1,636 were in the positive territory and 743 were negative.

Indian indices closed in the red, with the benchmark Nifty 50 index closing at 23,696.3 points. The Indian volatility index, Nifty VIX, rose 0.5% and closed at 14.1 points. Titan’s Q3FY25 net profit fell marginally by 0.6% YoY to Rs 1,047 crore due to higher tax expenses. However, revenue grew 25% YoY, led by improvements in the watches & wearables, jewellery, and eyecare segments.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green. Nifty Smallcap 50 and BSE Oil & Gas were among the top index gainers today. According to Trendlyne’s Sector dashboard, Healthcare Equipment & Supplies emerged as the best-performing sector of the day, with a rise of 2.5%.

Asian indices closed mixed, while European indices are trading in the red. US index futures traded in the red, indicating a cautious start to the trading session. Brent crude oil futures are trading in the red. Alphabet reported a rise in capital expenditures despite concerns over AI spending, while AMD revealed weak quarterly data center revenues. Regarding the US tariffs on China, ING analysts noted that while a US-China deal seems likely, markets are underestimating the risk of a prolonged trade dispute.

  • Relative strength index (RSI) indicates that stocks like UPL, SRF, Bajaj Finance, and Maruti Suzuki are in the overbought zone.

  • Lupin rises sharply as it secures tentative approval from the US FDA to market generic HIV therapy drugs, including Darunavir, Cobicistat, and others. The company is the first-to-file the drug and will manufacture it at its Nagpur facility.

  • Symphony is falling as it posts a net loss of Rs 10 crore in Q3FY25 due to an exceptional item loss of Rs 46 crore, compared to a net profit of Rs 41 crore in Q3FY24. Revenue declines 2% YoY to Rs 242 crore during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Abbott India rises sharply as its Q3FY25 net profit grows 16% YoY to Rs 360.8 crore, owing to lower employee benefits and finance costs. Revenue increases 12.9% YoY to Rs 1,686 crore during the quarter. It appears in a screener of stocks in an uptrend, most likely to cross above 200 SMA.

  • RV Gumaste, MD of Kirloskar Ferrous Industries, projects FY25 casting volumes of around 1.4 lakh tonnes and pig iron at 5 lakh tonnes. He highlights that the casting business witnessed sluggish demand from the tractor industry and anticipates improvements starting in Q4.

  • Zydus Lifesciences' net profit grows 29.6% YoY to Rs 1,023.5 crore in Q3FY25, helped by lower tax expenses. Revenue increases 17% YoY to Rs 5,269.1 crore, driven by improvements in the India & US formulations, and consumer wellness segments. It features in a screener of stocks with improving book value over the past two years.

  • Metropolis Healthcare is rising as its net profit grows 15.5% YoY to Rs 31.4 crore in Q3FY25 due to lower finance costs. Revenue increases 10.9% YoY to Rs 322.8 crore during the quarter. The company appears in a screener of stocks with book value per share improving over the last two years.

  • JK Tyre & Industries is falling as its Q3FY25 net profit plunges 76.7% YoY to Rs 51.5 crore due to higher raw materials, inventory, employee benefits, and finance costs. Revenue remains flat at Rs 3,694.3 crore due to a decline in the Mexican market. It shows up in a screener of stocks with growing costs YoY for long-term projects.

  • Pranjul Bhandari, Chief India Economist at HSBC, notes that India's services sector lost momentum in January, though the PMI stayed above the 50-mark. Both business activity and new business PMI indices dropped to their lowest since November 2022 and 2023. However, new export business provided support, in line with official data showing India's services exports growing in December and gaining a larger share of global trade.

  • JSW Energy is rising as it secures a contract from West Bengal State Electricity Distribution Company to develop and operate a 1,600 MW greenfield supercritical domestic coal-based thermal power plant. The project will use domestic linkage coal under the SHAKTI B policy.

  • Info Edge (India) is rising as its board of directors approves the stock split of one equity share with a face value of Rs 10, fully paid up, into five equity shares of Rs 2 each.

  • Happiest Minds Technologies falls as its revenue misses Forecaster estimates by 1.8% despite rising 1.8% QoQ to Rs 530.8 crore in Q3FY25 due to higher sales from the product & digital engineering services segment. Net profit increases 1.2% QoQ to Rs 50 crore during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Goldman Sachs upgrades Indian Oil and BPCL to a 'Neutral' and 'Buy' rating with target prices of Rs 110 and Rs 360, respectively. The brokerage attributes the upgrades to improving financials, reduced crude discounts, and recovery in the LPG sector. However, it also highlights that OMCs still face earnings risks. The brokerage expects free cash flow to recover next fiscal year, a factor historically linked to OMCs' stock performance.

  • Caplin Point Laboratories is rising as its subsidiary, Caplin Steriles, receives approval from the US FDA for its abbreviated new drug application (ANDA) for Procainamide Hydrochloride injection. The drug is a therapeutic equivalent to Apothecon's Pronestyl, used to treat certain arrhythmia (abnormal heart rhythm) by blocking abnormal electrical signals in the heart. It has an estimated market size of $20 million for the year ending December 2024, according to IQVIA.

  • Hero MotoCorp faces two central goods and services tax (CGST) demand orders from Alwar authorities, amounting to Rs 464.6 crore. The dispute concerns tax rates on parts and accessories supplied between July 2017 and March 2024.

  • Whirlpool of India is falling as its net profit misses Forecaster estimates by 24% despite increasing 57.1% YoY to Rs 44 crore in Q3FY25, driven by inventory destocking. Revenue rises 11% YoY to Rs 1,704.9 crore during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • ITC Hotels exits 22 BSE indices, including the Sensex, after it began trading today. The demerged entity, initially included for portfolio rebalancing, no longer meets the eligibility criteria for index inclusion.

  • Global Health is rising as its net profit grows 15.6% YoY to Rs 142.9 crore in Q3FY25, driven by lower finance costs and impairment of losses. Revenue increases 13.3% YoY to Rs 943.4 crore during the quarter. The company appears in a screener of stocks with improving ROE over the past two years.

  • Lemon Tree Hotels rises sharply as its net profit surges 76.5% YoY to Rs 62.5 crore in Q3FY25, helped by lower finance costs. Revenue grows 22.3% YoY to Rs 335.8 crore, led by improvements in occupancy, average room rate (ARR), and revenue per available room (revPAR). It appears in a screener of stocks with rising returns on equity (RoE), momentum, and earnings yield.

  • Rail Vikas Nigam is rising as it receives a letter of acceptance (LoA) worth Rs 404.4 crore from East Coast Railway. The order involves building 27 major bridges, including five road overbridges, along with earthwork and protection work between Tikiri and Bhalumaska stations as part of the Koraput-Singapur Road Doubling Project.

  • CLSA maintains an 'Outperform' rating on IGL with a target price of Rs 220. The brokerage notes that the company has not increased CNG prices in Delhi for more than three months despite a reduction in the allocation of affordable domestic gas. It believes that IGL will likely raise CNG prices by 4% after the Delhi elections to align with its EBITDA guidance of Rs 7-8/SCM. This adjustment would help maintain a healthy discount compared to diesel and petrol while supporting volume growth.

  • Titan is falling as its Q3FY25 net profit falls marginally by 0.6% YoY to Rs 1,047 crore due to higher tax expenses. However, revenue grows 25% YoY to Rs 17,868 crore, led by improvements in the watches & wearables, jewellery, and eyecare segments. It shows up in a screener of stocks with expensive valuations according to Trendlyne valuation score.

  • PC Jeweller rises sharply as it posts a net profit of Rs 148 crore in Q3FY25 compared to a net loss of Rs 198 crore in Q3FY24 owing to inventory destocking and lower finance costs. Revenue surges 15.7x YoY to Rs 683.4 crore during the quarter, driven by higher demand from the festive and wedding seasons. It features in a screener of stocks with increasing revenue over the past four quarters.

  • Torrent Power is rising as its net profit grows 32.2% YoY to Rs 475.7 crore in Q3FY25 due to lower fuel & material costs and inventory destocking. Revenue increases 2.1% YoY to Rs 6,499.4 crore, driven by higher sales from the generation and transmission & distribution segments during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding over the past two months.

  • Tata Power is rising as its net profit grows 8.2% YoY to Rs 1,030.7 crore in Q3FY25 due to lower raw material costs and inventory destocking. Revenue increases 5.1% YoY to Rs 15,391.1 crore, driven by higher sales from the transmission and distribution segment during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Nifty 50 was trading at 23,773.70 (34.5, 0.2%) , BSE Sensex was trading at 78,578.93 (-4.9, 0.0%) while the broader Nifty 500 was trading at 21,789.45 (62, 0.3%)

  • Market breadth is overwhelmingly positive. Of the 1,922 stocks traded today, 1,425 were on the uptrend, and 446 went down.

Riding High:

Largecap and midcap gainers today include Hindustan Zinc Ltd. (467.45, 7.0%), Oil India Ltd. (431.60, 6.5%) and Abbott India Ltd. (27,802.10, 6.4%).

Downers:

Largecap and midcap losers today include Thermax Ltd. (3,345.05, -5.6%), Phoenix Mills Ltd. (1,700, -4.7%) and Godrej Properties Ltd. (2,301.35, -3.7%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Eris Lifesciences Ltd. (1,390.20, 12.9%), Global Health Ltd. (1,152.90, 10.7%) and Jubilant Pharmova Ltd. (1,055.20, 10.3%).

Top high volume losers on BSE were Sheela Foam Ltd. (836.30, -4.6%), Fine Organic Industries Ltd. (4,360, -4.5%) and J B Chemicals & Pharmaceuticals Ltd. (1,713.80, -1.6%).

Century Plyboards (India) Ltd. (868.20, 2.6%) was trading at 12.5 times of weekly average. Tata Teleservices (Maharashtra) Ltd. (74.74, 4.8%) and Motilal Oswal Financial Services Ltd. (701.65, 9.2%) were trading with volumes 9.2 and 8.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

6 stocks made 52 week highs, while 3 stocks hit their 52 week lows.

Stocks touching their year highs included - Bajaj Finance Ltd. (8,509.45, 0.4%), JK Cement Ltd. (4,934.85, 1.2%) and Muthoot Finance Ltd. (2,266.15, 1.2%).

Stocks making new 52 weeks lows included - Kajaria Ceramics Ltd. (977.40, 1.8%) and Tube Investments of India Ltd. (2,982.50, -3.6%).

28 stocks climbed above their 200 day SMA including Global Health Ltd. (1,152.90, 10.7%) and Kirloskar Brothers Ltd. (1,940.35, 5.5%). 5 stocks slipped below their 200 SMA including DCM Shriram Ltd. (1,051.65, -2.4%) and Bata India Ltd. (1,363.70, -0.3%).

 
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The Baseline
05 Feb 2025
Five stocks to buy from analysts this week - February 05, 2025
By Divyansh Pokharna

1. DLF:

Edelweiss maintains its ‘Buy’ rating on this Delhi-based realty company with a target price of Rs 1,040. This indicates an upside potential of 36.5%. In Q3FY25 its net profit grew 61.2% YoY to Rs 1,058.7 crore, helped by a deferred tax credit of Rs 820.3 crore and increase in revenue from its subsidiaries and joint ventures (JVs). Revenue increased by 5.7% YoY to Rs 1,737.5 crore, thanks to an improvement in new sales bookings. 

Analysts Amit Agarwal and Akhil Lalchandani highlight a 34% YoY increase in pre-sales to Rs 12,093 crore, driven by strong demand and festive season buying. The company plans four launches in Q4, covering 9 million square feet (msf) with a gross development value (GDV) of Rs 44,100 crore. It also aims to launch 28 msf (Rs 70,400 crore) after FY25, bringing total planned launches over the next four years to 37 msf (Rs 114,500 crore).

Agarwal and Lalchandani are optimistic about the company driven by strong sectoral tailwinds, an extensive launch pipeline, and expansion of its annuity portfolio. They expect a CAGR of 9.1% in revenue and 15.3% in net profit over FY25-27.

2. Sumitomo Chemical India:

Anand Rathi maintains a ‘Buy’ rating on this agrochemicals company with a target price of Rs 630, indicating an upside of 20.2%. The company’s revenue grew 18.4% YoY to Rs 642 crore in Q3FY25, largely driven by a 54% increase in exports. Analyst Himanshu Binani points out that stable raw material prices, liquidation of high-cost stocks from previous quarters and a better product mix led to a 240 bps YoY rise in gross margin.

Sumitomo Chemical’s management highlighted that the domestic rainfall patterns (with more rain and uneven distribution) and disrupted spraying activities impacted offtake in Q3. However, for the rabi season in Q4, better soil moisture and higher reservoir levels offer a positive outlook. The company is focusing on improving collections and maintaining receivable days at 93, similar to last year. Its payable days increased from 78 to 89 during Q3. Binani expects the company to achieve revenue and net profit CAGR of 18% and 21%, respectively, over FY25-27.

3. Ami Organics:

KR Choksey upgrades its rating to ‘Buy’ on this pharma company with a target price of Rs 2,613. The stock has limited upside left, with just 0.7% remaining, as it hit a 20% upper circuit on January 29 after announcing its Q3 results. It has surged 29.2% in the last six sessions following the management’s upward revision of its FY25 revenue growth forecast to 35% from 30%.

In Q3FY25, the company’s revenue grew 65.2% YoY to Rs 275 crore, driven by an 86% increase in the advanced intermediates segment. Gross margins improved by 333 bps to 46.2%, thanks to a shift to higher-value pharma intermediates and contract development and manufacturing organisation (CDMO) products.

Ami Organics’ capex for 9MFY25 stood at Rs 118 crore, mainly directed towards the Ankleshwar site, as well as solar and electrolyte additive projects. The company is ramping up utilisation at Ankleshwar. Analyst Dipak Saha highlights that the Ankleshwar facility has helped optimise costs through better production efficiency and savings from solar power, boosting margins. Additionally, the company plans to develop a 4,000 metric tonne capacity for electronic additives, which is expected to impact revenue and margins.

Saha expects revenue to grow at a 28.7% CAGR and net profit at a 54.2% CAGR over FY25-FY27.

4. Westlife Foodworld:

Axis Direct maintains its ‘Buy’ rating on this restaurants chain with a target price of Rs 870. The stock has met its target post-budget by rising 20%, driven by expectations of increased footfalls and dining out due to income tax relief and higher disposable income.

Westlife Foodworld added 15 new stores in Q3FY25, bringing its total to 421 restaurants across 67 cities by December 2024. The company is focusing on expanding its presence in south India, along with smaller towns, and enhancing drive-thru options. It aims to open 45-50 new stores annually.

Analysts Preeyam Tolia and Suhanee Shome said, “We believe that the strategic initiatives outlined in Vision 2027 to drive the company’s growth trajectory remain intact, such as expanding the fast-growing categories and targeting 580-630 store openings by CY27.”

During Q3FY25, Westlife’s revenue grew by around 9% YoY, with same-store sales growth (SSSG) increasing by 2.8% YoY, driven by higher footfalls and consistent spending per customer. Tolia and Shome are optimistic about the long-term prospects for the quick service restaurant (QSR) industry, supported by rising disposable income and a growing dining-out culture. They expect Westlife’s revenue to grow at a CAGR of 16% over FY25-27.

5. Aditya Birla Sun Life AMC:

Motilal Oswal maintains its ‘Buy’ rating on this asset management company with a target price of Rs 850, indicating an upside potential of 24.8%. The company reported a net profit growth of 7.2% YoY to Rs 224.5 crore in Q3FY25. Revenue rose 30.4% YoY to Rs 445.1 crore, driven by an increase in quarterly average assets under management (QAAUM).

Analysts Prayesh Jain, Nitin Aggarwal, Muskan Chopra and Kartikeya Mohata note that systematic investment plan (SIP) inflows climbed 38% YoY to Rs 1,380 crore, supported by a nearly threefold growth in new SIP registrations to 670,000. About 95% of SIPs have a tenure of over five years, and 89% exceed ten years. They mention that in the coming quarter, the company plans to aggressively promote its new Global Blue Chip fund through GIFT City. 

Jain, Aggarwal, Chopra, and Mohata say yields will improve slightly, mainly in the debt segment, due to higher expense ratios in some schemes. They believe the company's profitability will grow from its expanding alternate business, and a shift toward longer-duration debt funds. They expect a CAGR of 14.7% in average assets under management (AAUM) and 13.5% in net profit over FY25-27.

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

(You can find all analyst picks here)

 
Trendlyne Marketwatch
Trendlyne Marketwatch
04 Feb 2025
Market closes higher, Asian Paints Q3FY25 revenue falls 6% YoY to Rs 8,549 crore
By Trendlyne Analysis

Nifty 50 closed at 23,739.25 (378.2, 1.6%) , BSE Sensex closed at 78,583.81 (1397.1, 1.8%) while the broader Nifty 500 closed at 21,727.45 (324.9, 1.5%). Market breadth is overwhelmingly positive. Of the 2,403 stocks traded today, 1,595 were on the uptick, and 771 were down.

Nifty 50 closed higher after rising throughout the day. The Indian volatility index, Nifty VIX, fell 2.3% and closed at 14 points. Godrej Properties surged as its revenue grew 2.9X YoY to Rs 968.9 crore in Q3FY25, driven by improvements in the real estate and hospitality segments.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher, following the benchmark index. BSE Capital Goods and Nifty PSE Index were among the top index gainers today. According to Trendlyne’s sector dashboard, Healthcare Equipment & Supplies emerged as the top-performing sector of the day, with a rise of 4.2%.

Asian indices closed in the green, except for Thailand’s SET and Australia’s S&P/ASX 200, which closed in the red. European indices are trading mixed. US index futures are trading lower as investors assess the impact of escalating trade tensions after China imposed a retaliatory 15% tariff on US coal and liquefied natural gas imports, along with a 10% duty on crude oil, agricultural equipment, and automobiles. Brent crude oil futures are trading lower.

  • Money flow index (MFI) indicates that stocks like Navin Fluorine International, SRF, TVS Motor, and UPL are in the overbought zone.

  • General Insurance Corp of India is rising sharply as its Q3FY25 net profit grows 16.5% YoY to Rs 1,676.6 crore owing to lower employee benefits expenses and a Rs 71.8 crore return from provisions. Revenue increases 1.5% YoY to Rs 10,418.4 crore, driven by improvements in premiums from the fire, motor, engineering, workmen compensation, liability, personal accident, health, and agriculture insurance segments. It features in a screener of stocks with good Trendlyne valuation scores.

  • Asian Paints Q3FY25 revenue falls 6% YoY to Rs 8,549 crore, missing Forecaster estimates by 4.2%, amid muted demand conditions and a weak festive season. Net profit decreases 23.3% YoY to Rs 1,110.5 crore during the quarter. The company appears in a screener of stocks with declining profits every quarter for the past three quarters.

  • Bajaj Electricals is rising as its net profit beats Forecaster estimates by 24.6% despite decreasing 10.7% YoY to Rs 33.4 crore in Q3FY25. Revenue rises 5% YoY to Rs 1,289.7 crore, driven by higher sales from the consumer products segment during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Allied Blenders and Distillers acquires the Pumori gin and Woodburns whiskey brands from Fullarton Distilleries for nearly Rs 40 crore. This acquisition strengthens the company’s position in the premium spirits market, expanding its portfolio and reinforcing its focus on premiumisation.

  • Godrej Properties is rising as its revenue grows 2.9X YoY to Rs 968.9 crore in Q3FY25, helped by improvements in the real estate and hospitality segments. Net profit surges 2.6X YoY to Rs 162.6 crore during the quarter but misses Forecaster estimates by 34.8%. The company shows up in a screener of stocks with improving book value over the past two years.

  • Ujjivan Small Finance Bank (SFB) files an application with the Reserve Bank of India (RBI) for a Universal Banking License following approval from its Board.

  • Eris Lifesciences falls sharply as its net profit declines 18.6% YoY to Rs 83.6 crore in Q3FY25 due to higher raw materials, inventory, employee benefits, finance, and depreciation & amortisation expenses. However, revenue grows 49.2% YoY to Rs 731.7 crore, driven by an improvement in the domestic branded formulations segment. It appears in a screener of stocks with an increasing trend in non-core income.

  • The State Bank of India’s economic research department (ERD) projects that the second round of rate cuts could start in October 2025, following a pause in June 2025. The repo rate will likely decline to 5.8% from the current 6.5%. ERD suggests that the central bank may increasingly use the cash reserve ratio (CRR) as a regulatory intervention tool rather than just as a liquidity tool in the future.

  • Tata Chemicals falls sharply as its revenue declines 3.8% YoY to Rs 3,590 crore in Q3FY25, impacted by the basic chemistry and specialty products segments. The company posts a net loss of Rs 53 crore due to an exceptional items loss of Rs 70 crore, compared to a profit of Rs 158 crore in Q3FY24. It appears in a screener of stocks near their 52-week low.

  • NLC India surges almost 10% as its net profit surges 166.8% YoY to Rs 668.1 crore in Q3FY25. Revenue increases 50.7% YoY to Rs 4,897.9 crore, helped by improvements in the mining and power generation segments. It features in a screener of strong performing under radar stocks.

  • Welspun Enterprises is falling as its net profit misses Forecaster estimates by 21.2% after decreasing marginally YoY to Rs 71.5 crore in Q3FY25. Revenue increases 22.7% YoY to Rs 866.9 crore, driven by higher sales from the water and tunneling & rehabilitation segments during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding over the past two months.

  • Pranav Amin, Managing Director of Alembic Pharmaceuticals, expects the India business to grow in line with the industry initially and later outperform it. He aims to achieve an 18% margin gradually. The management plans to invest in new facilities to boost growth in domestic formulations, while Amin also anticipates continued strong growth in the company’s US business.

  • Gland Pharma falls sharply as its Q3FY25 revenue declines 8.8% YoY to Rs 1,442.5 crore due to lower sales in the USA, Europe, and Indian markets. However, net profit grows 6.7% YoY to Rs 204.7 crore, driven by reduced raw materials, inventory, power & fuel, and depreciation & amortisation expenses. It shows up in a screener of stocks with declining return on capital employed (RoCE) in the past two years.

  • Aditya Birla Capital falls sharply, as its net profit declines 3.8% YoY to Rs 708 crore in Q3FY25 due to higher finance costs, employee benefits, and policyholders' life insurance expenses. However, revenue grows 9.3% YoY to Rs 9,381.4 crore, helped by improvements in the NBFC, life insurance, and health insurance segments. The company features in a screener of stocks underperforming their industry price change over the past quarter.

  • Garden Reach Shipbuilders & Engineers is falling as its net profit misses Forecaster estimates by 6.6% despite growing 11.3% YoY to Rs 98.2 crore in Q3FY25 due to lower sub-contracting expenses. Revenue increases 37.7% YoY to Rs 1,271 crore during the quarter. The company appears in a screener of stocks with improving ROE over the past two years.

  • Sumant Kathpalia, CEO of IndusInd Bank, states the bank will wait 1-2 more quarters before confirming the stabilization of its Microfinance Institution (MFI) business. He adds that the credit card book will take 2-3 quarters to stabilize, while forward flows in the microfinance book have already steadied. Kathpalia expects the vehicle finance segment to deliver its best performance in Q4FY25.

  • Dr. Agarwal's Health Care’s shares make a flat debut on the bourses at Rs 402. The Rs 3,027.3 crore IPO received bids for 1.6 times the total shares on offer.

  • Gateway Distriparks rises sharply as its Q3FY25 net profit surges 7.2x YoY to Rs 455.4 crore, owing to lower finance costs and a fair value gain of Rs 390.8 crore from the acquisition of Snowman Logistics. Revenue grows 3.1% YoY to Rs 407 crore, led by an improvement in the cold-chain logistics and distribution segment. It appears in a screener of newly affordable stocks with good financials and durability.

  • Larsen & Toubro is rising as its Minerals & Metals (M&M) business secures an order worth Rs 5,000-10,000 crore from a steel producer in the Middle East & North Africa (MENA) region. The order involves designing, supplying, and constructing a pellet plant and a direct reduction of iron (DRI) plant.

  • Morgan Stanley maintains an 'Overweight' rating on Maruti Suzuki India with a target price of Rs 14,942. The brokerage notes the company’s new 'Jimny' model bookings exceeded 50,000 within four days of its launch on January 30. Maruti's export volumes constitute 15% of total sales, compared to 18% in Q3FY25. It expects the 8th Pay Commission salary hike to boost first-time buyers in FY27.

  • Castrol India rises sharply as its Q3FY25 net profit grows 12.2% YoY to Rs 271.4 crore. Revenue increases 7.1% YoY to Rs 1,377.1 crore during the quarter. It features in a screener of stocks with dividend yields greater than their sector dividend yield.

  • Premier Energies rises sharply as its net profit surges 5.9x YoY to Rs 255.2 crore in Q3FY25. Revenue grows 2.5x YoY to Rs 1,749.4 crore, helped by new order bookings worth Rs 224 crore during the quarter. It features in a screener of stocks where FIIs have increased shareholding.

  • KEC International is falling as its net profit misses Forecaster estimates by 19.3% despite growing 33.8% YoY to Rs 129.6 crore in Q3FY25 due to lower finance costs and sub-contracting expenses. Revenue increases 6.8% YoY to Rs 5,349.4 crore during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Power Grid Corp of India is falling as its Q3FY25 net profit declines 4.1% YoY to Rs 3,861.6 crore due to higher tax expenses. Revenue decreases marginally by 0.6% YoY to Rs 11,743.1 crore, caused by a reduction in the transmission segment. It shows up in a screener of stocks with declining net cash flow.

  • The market opened on an upbeat note. Nifty 50 was trading at 23,502.70 (141.7, 0.6%), BSE Sensex was trading at 77,678.56 (491.8, 0.6%) while the broader Nifty 500 was trading at 21,587.25 (184.7, 0.9%).

  • Market breadth is highly positive. Of the 1,929 stocks traded today, 1,592 were on the uptrend, and 297 went down.

Riding High:

Largecap and midcap gainers today include ABB India Ltd. (5,629.55, 8.3%), Hindustan Aeronautics Ltd. (3,729.75, 5.7%) and Cummins India Ltd. (2,853.50, 5.7%).

Downers:

Largecap and midcap losers today include Trent Ltd. (5,750.30, -6.3%), ITC Hotels Ltd. (163.74, -4.5%) and Bajaj Holdings & Investment Ltd. (11,735.85, -3.8%).

Volume Shockers

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

Top high volume gainers on BSE included Aegis Logistics Ltd. (758.75, 12.0%), Techno Electric & Engineering Company Ltd. (1,107.45, 11.7%) and Nuvama Wealth Management Ltd. (5,695, 11.5%).

Top high volume losers on BSE were Triveni Turbine Ltd. (573.55, -9.5%), Zydus Wellness Ltd. (1,782.60, -4.1%) and Gland Pharma Ltd. (1,458.55, -3.7%).

NLC India Ltd. (227.74, 7.8%) was trading at 32.9 times of weekly average. Procter & Gamble Hygiene & Healthcare Ltd. (14,485.05, -0.9%) and Castrol India Ltd. (187.89, 6.5%) were trading with volumes 15.1 and 11.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

4 stocks overperformed with 52 week highs, while 5 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Bajaj Finance Ltd. (8,475.35, 0.6%), Mahindra & Mahindra Ltd. (3,189.05, 0.5%) and SRF Ltd. (2,970.25, 0.9%).

Stocks making new 52 weeks lows included - 3M India Ltd. (28,756.15, -2.4%) and Kajaria Ceramics Ltd. (959.85, -2.4%).

20 stocks climbed above their 200 day SMA including Aegis Logistics Ltd. (758.75, 12.0%) and Cholamandalam Investment & Finance Company Ltd. (1,394.90, 4.3%). 20 stocks slipped below their 200 SMA including Kirloskar Brothers Ltd. (1,839.35, -3.9%) and Bata India Ltd. (1,368.35, -3.3%).