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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%).

 
Trendlyne Marketwatch
Trendlyne Marketwatch
03 Feb 2025
Market closes lower, KPR Mill's Q3 net profit misses Forecaster estimates by 4.4%
By Trendlyne Analysis

Nifty 50 closed at 23,361.05 (-121.1, -0.5%), BSE Sensex closed at 77,186.74 (-319.2, -0.4%) while the broader Nifty 500 closed at 21,402.55 (-179.2, -0.8%). Market breadth is highly negative. Of the 2,415 stocks traded today, 591 were in the positive territory and 1,792 were negative.

Indian indices closed in the red, with the benchmark Nifty 50 index closing at 23,361.1 points. The Indian volatility index, Nifty VIX, rose 1.8% and closed at 14.4 points. Divi's Laboratories closed more than 5% higher as its Q3FY25 net profit grew 64.5% YoY to Rs 589 crore owing to inventory destocking and a deferred tax refund of Rs 37 crore. 

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red, tracking the benchmark index. S&P BSE Capital Goods and S&P BSE Industrials were among the worst index performers today. According to Trendlyne’s Sector dashboard, Forest Materials emerged as the best-performing sector of the day, with a rise of 3.4%.

Asian indices closed lower, except Sri Lanka’s CSE All-Share index, which closed 1.2% higher. Most European indices are trading in the red. US index futures are trading in the red, following President Donald Trump’s decision to impose trade tariffs on China, Canada, and Mexico. Brent crude oil futures are trading higher.

  • Relative strength index (RSI) indicates that stocks like Maruti Suzuki, Zensar Technologies, Bajaj Finance, and United Breweries are in the overbought zone.

  • Dhanuka Agritech's net profit rises 21.3% YoY to Rs 55 crore in Q3FY25 due to lower raw material costs and better operational efficiency. Revenue increases 10.4% YoY to Rs 445.3 crore during the quarter. The company appears in a screener of stocks outperforming their industry price change over the past quarter.

  • Nuvama Wealth Management's revenue grows 22.7% YoY to Rs 1,031.8 crore in Q3FY25, driven by improvements in the wealth & asset management and capital markets businesses. Net profit rises 43% YoY to Rs 252.1 crore during the quarter. It shows up in a screener of stocks with increasing return on capital employed (RoCE) over the last two years.

  • Emkay maintains a 'Buy' rating on Tata Motors with a target price of Rs 950. The brokerage notes that India's commercial vehicle (CV) outlook is improving, driven by positive trends in fleet utilization, freight rates, and financing. While global demand uncertainties remain, it believes JLR's focus on improving product mix and profitability will support continued broad-based improvement.

  • KPR Mill's net profit grows 8.1% YoY to Rs 202.3 crore in Q3FY25. Revenue increases 23.2% YoY to Rs 1,529.2 crore, driven by higher sales from the textile and sugar segments during the quarter. The company appears in a screener of stocks with declining ROE over the past two years.

  • Globus Spirits rises sharply as it announces a 4.4% price hike on regular and other brands in Rajasthan, effective April 1, 2025.

  • Divi's Laboratories rises sharply as its Q3FY25 net profit grows 64.5% YoY to Rs 589 crore owing to inventory destocking and a deferred tax refund of Rs 37 crore. Revenue increases 23.1% YoY to Rs 2,401 crore during the quarter. It features in a screener of stocks near their 52-week highs with significant volumes.

  • Morgan Stanley believes the Union Budget successfully boosted consumption through tax cuts, increased capex via state transfers, and maintained fiscal consolidation, which should support economic recovery and macro stability. However, the brokerage remains watchful about the 14.4% income tax collection growth target.

  • L&T Technology Services is rising as its smart world business partners with Arizona Technology Council to expand its presence in smart city and digital solutions. This partnership improves Arizona's tech ecosystem and promotes innovation.

  • IndusInd Bank's net profit plunges 39% YoY to Rs 1,401.3 crore in Q3FY25, caused by higher interest, provisions, and employee benefits expenses. However, revenue grows 8.5% YoY to Rs 15,151 crore, driven by an improvement in the treasury, retail, and corporate banking segments. The bank's asset quality worsens as its gross and net NPAs rise 33 bps YoY and 11 bps YoY, respectively.

  • Neogen Chemicals is rising as its net profit grows 8.5X YoY to Rs 10 crore in Q3FY25, driven by inventory destocking and lower employee benefit expenses. Revenue increases 22.5% YoY to Rs 201.4 crore during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding over the past two months.

  • Jefferies initiates coverage on Adani Power with a 'Buy' rating and a price target of Rs 660. The brokerage expects the company’s merchant capacity to reach 12-13% by FY30, contributing 19-20% to EBITDA. It also anticipates power demand to rebound to 7%, similar to the levels seen during the capex upcycle from FY03 to FY09, following recent weakness.

  • Bandhan Bank is falling as its Q3FY25 net profit declines 41.8% YoY to Rs 426.5 crore due to higher provisions, employee benefits, and interest expenses. However, revenue grows 26.2% YoY to Rs 6,574.6 crore, helped by an improvement in the treasury, retail, and corporate banking segments. The bank's asset quality improves as its gross and net NPAs decline by 234 bps YoY and 93 bps YoY, respectively.

  • Oil & Natural Gas Corp falls sharply as its revenue decreases by 0.8% YoY to Rs 1.7 lakh crore in Q3FY25 due to decline in refining & marketing and petrochemicals segments. Net profit drops 16.7% YoY to Rs 8,239.9 crore, missing the Forecaster estimates by 15%. It features in a screener of stocks with increasing trend in non-core income.

  • Coal India falls sharply as its monthly coal production declines 0.8% YoY to 77.8 million metric tonnes in January. However, its total sales rises 2.2% YoY to 68.6 million tonnes.

  • Railway stocks like IRCTC, RVNL, and IRFC decline in trade as the FY26 Union Budget keep Indian Railways' capital expenditure unchanged at Rs 2.5 lakh crore. The ministry's internal and extra-budgetary resources (IEBR) for FY26 also remain flat at Rs 13,000 crore, a significant drop from Rs 52,783 crore in FY24.

  • Aster DM Healthcare is rising as its Q3FY25 revenue grows 12.3% YoY to Rs 1,082.8 crore during the quarter. However, net profit declines 69.2% YoY to Rs 64.4 crore, caused by higher inventory, professional fees, employee benefits, finance, and depreciation & amortisation expenses. It appears in a screener of undervalued growth stocks.

  • Mahindra & Mahindra is rising as its wholesales grow by 16% YoY to 85,432 units in January. Passenger vehicle sales increase 18% YoY, while exports nearly double.

  • HBL Engineering, in partnership with Shivakriti International, receives a letter of acceptance (LoA) for an order worth Rs 410.4 crore from the Ahmedabad Division of Western Railway. The order covers the supply and installation of the way-side Kavach system on the Ahmedabad-Palanpur and Ahmedabad-Samakhiyali sections, spanning a total of 402 kilometers.

  • State-owned OMCs such as BPCL and Indian Oil are declining, and analysts expect them to continue struggling in FY26 due to insufficient budget support. The LPG subsidy budget for FY26 stands at Rs 12,100 crore, below estimates. ICICI Securities notes that even with an LPG subsidy of Rs 14,700 crore for FY25, OMCs still face profitability issues, with an under-recovery of over Rs 30,000 crore for 9MFY25.

  • Vedanta's net profit grows 76.2% YoY to Rs 3,547 crore in Q3FY25 owing to lower power & fuel and depreciation & amortisation expenses. Revenue rises 9.5% YoY to Rs 39,795 crore, led by an improvement in the zinc, lead, & silver, aluminium, and copper segments. It appears in a screener of stocks with increasing debt.

  • Eicher Motors rises to a new all-time high of Rs 5,575.5 as its total sales grow by 20% YoY to 91,132 units in January. Domestic vehicle sales increase 21.2% YoY, while exports are up 26.8% YoY.

  • GR Infraprojects is falling sharply as its Q3FY25 revenue declines 16.7% YoY to Rs 1,797.4 crore due to a reduction in the engineering, procurement, & construction (EPC), and build, operate & transfer (BOT) segments. However, net profit grows 8.1% YoY to Rs 262.6 crore, helped by lower construction, inventory, employee benefits, and finance costs. It shows up in a screener of stocks with low Piotroski scores.

  • Hero MotoCorp's monthly wholesales rises 2.1% YoY to 4.4 lakh units in January due to higher scooter sales and domestic business. Exports surge 1.4X YoY to 30,495 units during the month.

  • Markets opened on a low note. Nifty 50 was trading at 23,263 (-219.2, -0.9%) , BSE Sensex was trading at 76,795.26 (-710.7, -0.9%) while the broader Nifty 500 was trading at 21,320.25 (-261.5, -1.2%)

  • Market breadth is highly negative. Of the 2,010 stocks traded today, 365 were on the uptrend, and 1,587 went down.

Riding High:

Largecap and midcap gainers today include Voltas Ltd. (1,401.30, 5.8%), Cholamandalam Investment & Finance Company Ltd. (1,337.65, 5.7%) and Bajaj Finance Ltd. (8,425.80, 5.3%).

Downers:

Largecap and midcap losers today include Siemens Ltd. (5,225.90, -9.1%), Samvardhana Motherson International Ltd. (130.61, -8.4%) and Thermax Ltd. (3,575.75, -7.8%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Hatsun Agro Products Ltd. (1,011.70, 6.2%), Westlife Foodworld Ltd. (825.85, 5.9%) and Maharashtra Scooters Ltd. (9,770, 5.2%).

Top high volume losers on BSE were Siemens Ltd. (5,225.90, -9.1%), Housing and Urban Development Corporation Ltd. (198.11, -8.9%) and Rites Ltd. (232.40, -8.7%).

Metro Brands Ltd. (1,295.05, 4.8%) was trading at 13.9 times of weekly average. Supreme Petrochem Ltd. (615.10, -1.0%) and Sapphire Foods India Ltd. (326.80, 3.5%) were trading with volumes 10.4 and 10.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

6 stocks hit their 52 week highs, while 13 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Bajaj Finance Ltd. (8,425.80, 5.3%), Eicher Motors Ltd. (5,485.25, 1.8%) and SRF Ltd. (2,942.70, 4.1%).

Stocks making new 52 weeks lows included - Bank of Baroda (207.99, -1.4%) and Bharat Petroleum Corporation Ltd. (249.55, -2.4%).

22 stocks climbed above their 200 day SMA including Ajanta Pharma Ltd. (2,982.75, 9.7%) and Westlife Foodworld Ltd. (825.85, 5.9%). 31 stocks slipped below their 200 SMA including Anant Raj Ltd. (590.20, -7.6%) and Rail Vikas Nigam Ltd. (407.15, -6.1%).

 
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