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The Baseline
19 Jun 2025
Winners and losers of 2025 in global indices | Screener: Nifty outperformers (so far) this year
By Tejas MD

No one wants the news to be too interesting. But that's what has happened in 2025. After Trump's tariffs came the India-Pakistan conflict, and now it's the Iran-Israel war. It’s been a year where one should ask: "Who needs Netflix?" Just refresh the news page.

Everyone praises the patient, long-term investor. And sure, patience may be a virtue, but these days it’s being tested everyday. 

How are the world’s major indices holding up in the storm? Trendlyne’s global indices dashboard has the answers, and we take a closer look.  

In this week’s Analyticks,

  • Markets versus global shocks: A performance check of global indices
  • Screener: Stocks beating the Nifty 50 and their sectors over the past quarter and year

Global indices: 2025's winners and losers

Only three major indices have posted gains so far in 2025: Hong Kong’s Hang Seng Index, followed by Germany’s DAX and the UK’s FTSE 100. 

The Taiwan Weighted Index, 2024’s top performer, has tumbled to the bottom, hit by a cooling AI-tech boom and worries over US tariffs targeting semiconductors.

Only Hang Seng and DAX post double-digit gains in the past six months

Nifty 500 and Nasdaq 100 bounced back with double-digit gains over the past quarter. But despite the recent recovery, both indices have been flat overall in 2025 due to a weak start to the year.

India’s Nifty 500 is the top performer over five years, with the Nasdaq 100 in the second spot. The Hang Seng, FTSE 100, and Shanghai Composite lag over the same time period.

Despite continued global upheaval, indices recovered in the past quarter. The top stock gainers in the respective indices indicate that tech was the top performer for the US, while energy, pharma, and industrials won elsewhere. 

Top-performing stocks across global indices in the past quarter

Palantir Tech, a major US tech player in defence, national security and healthcare, was the top S&P 500 performer in 2024 and has extended its momentum in 2025.

Garden Reach Shipbuilders is the Nifty 500’s best performer in the past quarter. This aerospace and defence company is rising after strong Q4 results. 

Rising oil prices keep central bankers on their toes

Most central banks started easing rates last year, after rate hikes to tackle record inflation in 2022. The Reserve Bank of India (RBI) initially held back but joined the rate-cutting cycle in 2025.


RBI and ECB cut rates in 2025; US Fed hits pause

Under the new RBI Governor Sanjay Malhotra, who took office in December, the central bank has moved quickly to boost growth, and has cut rates by a whole percentage point.

The US Fed, in contrast, has been more cautious in 2025, holding rates steady amid the uncertainty around Trump tariffs. Analysts project two rate cuts of 25 basis points this year, with the first likely in September. But this is far from guaranteed.

Now, the Israel–Iran conflict has oil prices surging. Brent crude jumped 10–13% since the first attack by Israel, briefly hitting $78 per barrel. Any instability in the Strait of Hormuz—which Iran controls, and which handles around 20% of global crude oil shipments—could send energy prices past $100, complicating central banks' efforts to reduce inflation.

According to the Fed’s model, a $10 increase in oil prices is expected to increase US inflation by 0.4% and lower GDP by 0.4%.

What’s driving equity markets in India and the US?

The Nifty 50 has recovered in the past quarter, hovering around the 25,000 mark again, thanks to better-than-expected Q4 results. Sectors like general industrials, realty, transportation, and commercial services and supplies stole the spotlight.

General Industrials emerges as the star sector in the past quarter

The top four contributors in the general industrials sector are from the defence industry: Hindustan Aeronautics, Bharat Electronics, Solar Industries, and Bharat Dynamics. As the Indian government focused on national security, it boosted spending on domestic defence equipment and product manufacturing.

Real estate stocks rallied in the last quarter, led by DLF, as Indians aspired to luxury apartments that come with fancy flooring, big balconies, and giant gyms that will be rarely used. Analysts point to easing interest rates as a key driver for rising home purchases.

Transportation stocks jumped on falling crude oil prices, though the recent spike in oil may pose risks ahead. Meanwhile, commercial services and supplies continued their upward trend, emerging as one of the top-performing sectors over the past year.

Commercial services and consumer durables are the star segments in the US

In the past quarter, strong consumer demand, falling interest rates, and solid earnings from retail giants have boosted commercial services and consumer durables in the US.

Visa and Mastercard led gains in commercial services, helped by rising digital transactions and strong financials. In consumer durables, lower borrowing costs and a retail recovery drove demand.

Commercial services & supplies: Top-performing sector in the past quarter

In hardware tech, Nvidia and Broadcom jumped on AI and hardware momentum, while Tesla lifted the auto sector with strong deliveries and renewed investor confidence, after Elon Musk departed from the US government and cut down on his late-night posting on X.

Screener: Stocks outperforming the Nifty 50 and their sectors over the past quarter and year

Banking, general industrials rise the most in the past quarter and year

With global markets in turmoil after the rising tensions between Iran and Israel, we look at stocks that have outperformed the benchmark Nifty 50 index and their sectors. This screener shows stocks that have outperformed the Nifty 50 and their respective sectors over the past year and quarter. 

The screener is dominated by stocks from the banking & finance, general industrials, software & services, realty, and pharmaceuticals & biotechnology sectors. Major stocks in the screener are Garden Reach Shipbuilders & Engineers, BSE, Intellect Design Arena, Valor Estate, Reliance Power, Authum Investment, Multi Commodity Exchange, and GE Vernova T&D India. 

Garden Reach Shipbuilders & Engineers’ stock price has surged 143.3% and 94.6% over the past quarter and year. This aerospace & defence company’s Q4FY25 net profit and revenue jumped 118.9% and 60.9% YoY, respectively. Inventory destocking, lower purchase of products for resale, sub-contracting, and finance costs helped increase net profit, while improvement in order execution drove revenue growth. The company also won multiple contracts from India and overseas, including an order reportedly worth Rs 25,000 crore to supply eight Next Generation Corvettes (NGC) for the Indian Navy.

Intellect Design Arena also features in the screener after its stock price rose 93.4% and 16.1% over the past quarter and year, respectively. This IT software products company’s revenue and net profit jumped 18.7% and 85.4% YoY during Q4FY25. Improvements in collections and the license, platform and asset management company (AMC) segments helped revenue growth. The company secured nine new customer wins for its digital transformation journey and achieved 16 product implementations for global financial institutions.

You can find some popular screeners here.

 
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The Baseline
18 Jun 2025
By Omkar Chitnis

The Gujarati phrase Bhav Bhagwan Che — Price is God — has echoed louder than ever in recent months. Since hitting a year-to-date low of 21,760 on April 7, the Nifty 50 has surged 14.2% and now hovers near the 25,000 mark. Riding this rally, promoters have wasted no time offloading stakes through a flurry of bulk and block deals.

Generally, high promoter and institutional shareholding signals investor confidence in a company. So retail investors usually see stake sales as a red flag, but they aren’t always negative. Promoters and institutions often sell shares to raise funds for expansion, meet public shareholding norms, reduce debt, adjust family holdings, or book profits.

In FY25, Nifty 500 companies recorded a profit-to-GDP growth of 4.7%, the highest in 17 years. Strong March quarter results helped the Nifty50 rise 11.3% over the last three months, outperforming global peers despite geopolitical and trade risks.

Amid these gains, promoters and institutional investors have sold large stakes through block and bulk deals. Promoters sold shares worth over Rs 57,720 crore in just the past month—this is higher than the Rs 37,100 crore sold by institutional investors. So far in 2025, promoters have offloaded shares worth Rs 71,000 crore.

Amit Ramchandani, CEO of Motilal Oswal Investment Banking, said,  “Valuations have risen over the past month, so sales of shares by promoters and Private Equity (PEs) could continue at this pace until the end of June. The window to sell is not very large because the results season will begin. The geopolitical situation could also worsen.”

In this Chart of the Week, we analyse these stake sales through block and bulk deals over the past month, and the reasons behind them.

According to a Trendlyne screener that tracks bulk and block deals of promoters and institutional investors in Nifty500 firms, 29 companies have witnessed significant deals over the past month. Major names include Jubilant Pharmova, Bharti Airtel, InterGlobe Aviation, Asian Paints, Aptus Value Housing, and KFIN Technologies.

Rising valuations, changing priorities: promoters sell stakes

Promoters’ shareholding in the Nifty 500 reached a record low of 49.5% in FY25, down from 52.1% in FY15, due to high valuations, increased participation from domestic institutional investors (DIIs), retail investors, and regulatory requirements. 

Over the past month, promoters reduced stakes in sectors such as infrastructure, manufacturing, pharmaceuticals, and financial services, driven by regulatory policies, investment requirements, and profit booking across stocks including JSW Infrastructure, PG Electroplast, KPR Mill, Suzlon Energy, and Bajaj Finserv.

JSW Infrastructure’s promoter entity, Sajjan Jindal Family Trust, sold a 2% stake worth Rs 1,210 crore on May 17 to meet SEBI’s minimum public shareholding requirement of 75%. The company plans to use the proceeds to support its Rs 39,000 crore investment to expand port operations and its logistics network over the next five years. 

Post-deal, promoter holding decreased to 83.6%. The JSW management has planned to reduce promoter shareholding below 75% by September 2026.

Since its October 2023 listing, JSW Infrastructure shares have soared 154.1%, driven by a five-year revenue CAGR of 31.3% and profit growth of 50.5%, as the company scaled up cargo volumes and expanded its port and logistics operations.

PG Electroplast promoters sold a 5.6% stake worth Rs 1,177 crore on May 27, reducing their holding to 43.8%. The stake sale took place on the same day the company was announced for inclusion in the NSE’s Futures and Options (F&O) segment, effective June 27.

For FY26, the company targets a 30–35% increase in revenue, driven by demand across key categories like air conditioners and washing machines.

Vikas Gupta, Managing Director, said, “We expect the air conditioner segment to contribute around Rs 4,000 crore in FY26, up from Rs 3,000 crore last year. We’ve planned a capex of Rs 800–900 crore for setting up new plants and expanding our air conditioner business. Over the next three years, we’re targeting a CAGR of 35%.”

Similarly, on June 5, Bajaj Finserv's promoter group–Jamnalal Sons and Bajaj Holdings—offloaded a 1.9%  stake worth Rs 5,828 crore via a block deal.

Jubilant backs beverage bet, Reliance unlocks value in paints

Conglomerates trimmed stakes in speciality chemicals, pharmaceuticals, and paints industries to realign priorities and support diversification. Jubilant Bhartia Group reduced holdings across three stocks, while Reliance Industries cut its long-term stake in Asian Paints. 

Jubilant Bhartia Group, the promoters of Jubilant FoodWorks, Jubilant Pharmova, and Jubilant Ingrevia, offloaded minority stakes in all three listed companies to raise Rs 2,000 for acquiring a 40% stake in Hindustan Coca-Cola Beverages (HCCB).

In December 2024, the group decided to acquire the stake in HCCB for Rs 12,500 crore and planned to fund it through Rs 5,650 crore in Non-Convertible Debentures, stake sales, and internal accruals.

On July 13, the promoters sold a combined 10.2% stake across the three companies. Post the deal, their holding fell to 40.3% in Jubilant FoodWorks, 45.2% in Jubilant Pharmova, and 48.1% in Jubilant Ingrevia.

Asian Paintsholds a 52% share of the paint market and saw a large block deal on June 12 and 16 after Reliance Industries, through Siddhant Commercials, sold a 4.4% stake worth Rs 9,580 crore. Following the deal, Reliance’s stake decreased to 1.3%.

Reliance had acquired a 4.9% stake in Asian Paints for Rs 500 crore in January 2008. Seventeen years later, the investment has delivered a 1,440% return. However, over the past year, Asian Paints’ share price has declined 22.5% due to a drop in revenue and profit in FY25.

Analysts at Morgan Stanley note that Asian Paints has lost market share from 59% to 52% over the past year, and they expect the decline to continue over the next three years. New entrants like JSW Paints are poaching customers,  and this trend is unlikely to change in the coming years.

Promoters cash out after strong gains

Promoters of three large-cap stocks—InterGlobe Aviation, Bharti Airtel, and ITC—executed block deals worth over 37,500 crore in the past month to rebalance portfolios, reduce debt, capitalise on valuation gains, and fund long-term strategies. 

Telecom player Bharti Airtel recorded a 1.2% stake sale by its promoter Singtel via a block deal on May 16 for Rs 13,221 crore. Singtel’s holding fell to 28.3% after the transaction. Trendlyne data shows Bharti Airtel's promoter holding has decreased by 14.3% over the past decade, while the stock has gained 341.8% in the same period.

Meanwhile, InterGlobe Aviation (IndiGo) co-founder and promoter Rakesh Gangwal, through the family trust, sold a 5.7% equity stake worth over Rs 11,385 crore. The sale reduced the Gangwal-backed promoter group’s holding to 7.8%, down from 36.7% in 2019. Over the past three years, Gangwal has raised Rs 40,000 crore through stake sales.

The saga between co-founders Rahul Bhatia and Rakesh Gangwal began in 2019 when Gangwal formally raised concerns over corporate governance. In February 2022, Gangwal resigned from IndiGo’s board as a non-executive, non-independent director and announced plans to reduce his stake.

Rakesh Gangwal had said, “I have been a long-term investor in IndiGo and plan to gradually reduce my equity stake over the next five-plus years.”

ITC’s institutional shareholder, British American Tobacco (BAT), divested a 2.5% stake worth Rs 12,926 crore on May 28, bringing its holding down to 23.1%. BAT sold the stake to reduce its debt and support its share buyback program. The transaction reduced the overall institutional holding in ITC to 82.6%. 

 
Trendlyne Marketwatch
Trendlyne Marketwatch
18 Jun 2025
Market closes lower, HDFC Bank CEO challenges FIR over disputed loan disclosure
By Trendlyne Analysis

Nifty 50 closed at 24,812.05 (-41.4, -0.2%), BSE Sensex closed at 81,444.66 (-138.6, -0.2%) while the broader Nifty 500 closed at 22,925.20 (-56.3, -0.2%). Market breadth is in the red. Of the 2,449 stocks traded today, 832 were gainers and 1,574 were losers.

Indian indices closed lower after paring gains in the morning session. The Indian volatility index, Nifty VIX, fell 0.9% and closed at 14.3 points. Optiemus Infracom closed 9% higher as its subsidiary, Optiemus Electronics, partnered with OnePlus to manufacture and deliver internet of things (IoT) devices in India.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red, tracking the benchmark index. Nifty Media and S&P BSE India Infrastructure were among the worst-performing indices of the day. According to Trendlyne’s sector dashboard, Hardware Technology Equipment emerged as the worst-performing sector of the day, with a fall of 1.4%.

European indices are trading mixed. Major Asian indices closed mixed. US index futures are trading higher, indicating a positive start to the session ahead of the Federal Reserve interest rate decision later in the day.

  • Money flow index (MFI) indicates that stocks like Muthoot Finance, Happiest Minds Technologies, Gland Pharma, and Inventurus Knowledge Solutions are in the overbought zone.

  • DLF announces approximately Rs 11,000 crore in sales from its luxury residential project, DLF Privana North, in Gurugram. The development spans over 17.7 acres and includes 1,164 residences across six towers.

  • Reliance Infrastructure rises sharply as its subsidiary, Reliance Aerostructure, enters a partnership with Dassault Aviation to manufacture Falcon 2000 business executive jets in India.

  • Avenue Supermarts (DMart) gains over 4% after opening a new store in Agra, Uttar Pradesh, bringing its total store count to 421. Morgan Stanley, however, maintains an 'Underweight' rating on the stock with a target price of Rs 3,260, citing ongoing competitive pressures and operational challenges. The brokerage views the expansion as a positive move, given the significant growth potential in Uttar Pradesh.

  • Welcure Drugs & Pharmaceuticals rises sharply as it secures a Rs 517 crore sourcing mandate from Thailand’s Fortune Sagar Impex. The deal is expected to generate Rs 25.9 crore in service income in FY26.

  • RailTel Corporation of India is rising as it receives an order worth Rs 44 crore from Zoram Electronics Development Corp (Zenics) to implement the Mizo Fibre Grid Network (MFGN) project.

  • Motilal Oswal downgrades Voltas to a 'Neutral' call from 'Buy', with a lower target price of Rs 1,350 per share. This indicates a potential upside of 5%. The brokerage is cautious on the company's sales growth due to a decline in demand, near-term headwinds, and lower orders in the international projects segment. It expects the firm's revenue to grow at a CAGR of 7% over FY26-27.

  • DAM Capital downgrades Voltas to a 'Neutral' rating with a target price of Rs 1,370. The brokerage points out that the company has seen a 25% drop in Refrigeration and Air Conditioning (RAC) sales during April-May. It adds that weaker commercial refrigeration revenues and channel checks indicate a potential loss in market share. For Q1FY26, the brokerage projects a 15% decline in revenue from the Unit Control Panel (UCP) segment.

  • Ventive Hospitality's board of directors approves the merger of its wholly owned subsidiaries Eon-Hinjewadi Infrastructure, Restocraft Hospitality and Wellcraft Infraprojects into the parent company.

  • Optiemus Infracom surges more than 10% as its subsidiary, Optiemus Electronics, enters a partnership with OnePlus to manufacture and deliver internet of things (IoT) devices in India.

  • Neuland Laboratories is falling as it receives an administrative warning letter from the Securities and Exchange Board of India (SEBI) over a violation of insider trading regulations by a designated person.

  • India's Chief Economic Adviser, V Anantha Nageswaran, says the country’s FY25 GDP growth of 6.5% amid global economic and political uncertainty is a "creditable achievement." He highlights that the gap in growth between India and developed economies is now wider than it was during the high-growth phase from 2003 to 2008. He also emphasises that changes in tariffs should not be immediately perceived as detrimental to Indian exports.

  • Mahindra & Mahindra is rising as it receives approval from the Competition Commission of India (CCI) for the acquisition of SML Isuzu.

  • BSE falls as SEBI approves shifting NSE’s weekly expiry from Thursday to Tuesday. BSE’s weekly contracts, currently expiring on Tuesday, will move to Thursday starting September 1, 2025.

  • Glenmark Pharma receives Form 483 with five observation from the US FDA following an inspection at its formulations facility in North Carolina, USA.

  • Nuvama Alternative & Quantitative Index believes that Vishal Mega Mart is set for inclusion in the FTSE Global Midcap Index. Currently part of the FTSE Russell Universe, the stock is expected to be added during the June review. The brokerage anticipates that this inclusion will lead to net inflows of $115 million (approximately Rs 960 crore) when the index adjustments take effect on June 20.

  • Nomura upgrades IndusInd Bank to a 'Buy' rating and raises the target price to Rs 1,050 per share. The brokerage believes RBI’s support for bank’s governance recovery is encouraging and views possible promoter stake approval as a boost to investor confidence. It has raised FY28 EPS by 14–16%, driven by higher net interest income and lower credit costs.

  • Alembic Pharmaceuticals is falling as it issues a corporate guarantee worth $22 million (~ Rs 189.9 crore) in favour of JP Morgan Chase Bank for a loan taken by its subsidiary, Alembic Pharmaceuticals Inc, USA.

  • GMR Airports' passenger traffic increases 0.8% YoY to 1 crore in May, while aircraft movements grow by 6.3% YoY to 64,931.

  • Pavitra Shankar, Managing Director of Brigade Enterprises, welcomes the RBI's rate cut, viewing it as a positive step to boost demand. She notes that around 50% of the company's customers rely on home loans, and expects lower borrowing costs to lead to a 10–15% rise in real estate realizations. Shankar emphasizes the company’s focus on strengthening its presence in southern markets before expanding into new regions.

  • Hindustan Zinc falls as Vedanta sells 7.2 crore shares (1.7% stake) worth approximately Rs 3,323 crore in a block deal at an average price of Rs 460.5 per share. As of March 31, 2025, Vedanta holds a 63.4% stake in the company.

  • EMS is rising as it secures an order worth Rs 183.8 crore from UP Jal Nigam to construct components of the Fatehpur Sewerage and Sewage Treatment Scheme (Zone-1) in Fatehpur district.

  • Ugro Capital rises sharply as its board of directors approves the acquisition of a 100% stake in Profectus Capital for a cash consideration of Rs 1,398.6 crore. The company also enters a share purchase agreement (SPA) with Actis PC Investment (Mauritius), Actis PC (Mauritius), and Profectus Capital for the acquisition.

  • Polycab India is rising as it secures an order worth Rs 6,447.5 crore from Bharat Sanchar Nigam (BSNL) to develop and maintain the middle-mile network of BharatNet in Karnataka, Goa, and Puducherry. The project includes design, supply, construction, installation, and upgradation work.

  • Nifty 50 was trading at 24,830.35 (-23.1, -0.1%), BSE Sensex was trading at 81,314.62 (-268.7, -0.3%) while the broader Nifty 500 was trading at 22,930.10 (-51.4, -0.2%).

  • Market breadth is moving down. Of the 1,934 stocks traded today, 484 were in the positive territory and 1,403 were negative.

Riding High:

Largecap and midcap gainers today include IndusInd Bank Ltd. (850.50, 5.1%), Avenue Supermarts Ltd. (4,228.40, 4.2%) and Escorts Kubota Ltd. (3,270.20, 3.7%).

Downers:

Largecap and midcap losers today include Hindustan Zinc Ltd. (452.80, -6.9%), Max Healthcare Institute Ltd. (1,181.70, -3.7%) and Biocon Ltd. (342, -3.0%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Zydus Wellness Ltd. (2,054.30, 5.5%), IndusInd Bank Ltd. (850.50, 5.1%) and Authum Investment & Infrastructure Ltd. (2,541.10, 4.3%).

Top high volume losers on BSE were Hindustan Zinc Ltd. (452.80, -6.9%), The Ramco Cements Ltd. (1,032.35, -3.5%) and Elgi Equipments Ltd. (519.85, -0.9%).

Vedant Fashions Ltd. (810.60, 4.0%) was trading at 7.9 times of weekly average. KEI Industries Ltd. (3,590.70, -0.6%) and Avenue Supermarts Ltd. (4,228.40, 4.2%) were trading with volumes 4.6 and 4.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

7 stocks hit their 52 week highs, while 1 stock tanked below their 52 week lows.

Stocks touching their year highs included - Multi Commodity Exchange of India Ltd. (7,936.50, 0.1%), Redington Ltd. (296.45, 0.4%) and Au Small Finance Bank Ltd. (794.50, 2.8%).

Stock making new 52 weeks lows included - Easy Trip Planners Ltd. (10.69, -0.8%).

16 stocks climbed above their 200 day SMA including Rainbow Childrens Medicare Ltd. (1,458.90, 2.9%) and Minda Corporation Ltd. (538.40, 2.1%). 32 stocks slipped below their 200 SMA including Hindustan Zinc Ltd. (452.80, -6.9%) and MMTC Ltd. (69.37, -3.8%).

 
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The Baseline
17 Jun 2025
Five stocks to buy from analysts this week - June 17, 2025
By Omkar Chitnis

1. Tata Consumer Products:

Motilal Oswal reiterates its ‘Buy’ rating on this tea & coffee company with a target price of Rs 1,360, a 26.9% upside. Analysts Sumant Kumar, Meet Jain, and others highlight the company’s focus on growing its new businesses while maintaining core operations strength. Tata Consumer’s market share rose by 30 bps in FY25, helped by growth in the salt business. Its tea segment now holds a 20% market share, boosted by new product launches and strategic pricing.

Tata Consumer has rapidly expanded its direct reach to around 20 lakh outlets by FY25, with total distribution rising to about 44 lakh outlets—this is more than double the FY21 level. The company introduced split salesman routes (smaller areas assigned to each salesperson) across metros and towns with populations over 5 lakh to improve execution and coverage in large cities.

Kumar and Jain highlighted that the company is unlocking value through acquisitions. Its recent buys, Capital Foods and Organic India, reported strong growth of 19% in FY25, with combined revenue reaching Rs 1,170 crore and a healthy gross margin of 49%.

Analysts expect Tata Consumer’s revenue to grow by 8% and net profit by 20% over FY26–27. This growth is expected to be driven by newer businesses like Tata Sampann, Tata Soulfull, and ready-to-eat products, along with a focus on core brands and an expanding distribution network.

2. Insecticides (India):

Axis Direct initiates coverage on this agrochemical company with a ‘Buy’ rating and a target price of Rs 955, a 4.9% upside. Analysts Sani Vishe and Shivani More note that the company’s focus on premium products is driving both revenue and profitability. Its shift toward high-margin brands such as Maharatna and Focus Maharatna lifted the EBITDA margin by 281 bps to 11.1% in FY25.

The management aims to achieve double-digit revenue growth in FY26, driven by premium products, new launches, and higher rural demand. Analysts expect the company’s diversification into higher-margin products, supported by steady demand from the rabi season and an early start for kharif, to drive strong demand for its products.

In FY25, the company launched 12 new products and plans to launch six more in FY26. With a strong pipeline of launches and healthy rural demand, the analysts expect robust revenue growth and margin expansion in the near term. They estimate revenue and net profit to grow by 9% and 14%, respectively, over FY26–27.

3. AU Small Finance Bank:

Sharekhan maintains a ‘Buy’ rating on this bank with an upgraded target price of Rs 900, a 16.4% upside. The management expects net interest margins (NIMs) to remain under pressure in the near term due to lower repo rates, since 30% of its loan book is on floating rates. The bank cut its savings account rates by 25 bps each in April and June 2025 to manage costs, with the peak rate now at 6.75%.

AU SFB expects profitability to improve from H2FY26, supported by a likely cut in policy rates and falling credit costs (loan repayment losses), particularly in the unsecured segment. The management believes this should help ease margin pressures. Additionally, lower non-performing assets (NPAs), along with a majority fixed-rate loan book (~70%), are expected to support margins, though with a time lag.

Analysts expect the bank’s return on assets (RoA) to improve by 20–30 bps over FY26–27, from 1.5% in FY25, driven by lower loan losses and slightly better NIMs.

4. Tata Power Company:

Geojit BNP Paribas maintains a ‘Buy’ rating on this electric utility company with a target price of Rs 468, a 18.2% upside. In FY25, the company’s revenue rose 6.5% to Rs 65,478 crore, driven by strong growth in renewables and the distribution segment. Net profit grew 7.4% during the year.

The management aims to increase net profit 2.5 times by FY30 compared to FY24. The company has planned a capital expenditure of Rs 1.5 lakh crore by FY30, with 60% allocated to renewables and the rest to transmission and distribution, and pumped storage businesses. Praveer Sinha, CEO and MD, said, “For FY26, we have planned a capex of Rs 25,000 crore, with half of it allocated to renewables. In FY25, we added 2.3 GW (gigawatt) capacity and aim to add 2.5 - 2.7 GW this year.”

Analysts expect Tata Power’s investments in renewable and power transmission businesses to play a crucial role in long-term earnings growth. They estimate revenue to grow by 12% over FY26–27.

5. Shree Cements:

ICICI Securities maintains a ‘Buy’ rating on this cement company with a target price of Rs 35,330, a 19.2% upside. But in FY25, the company’s revenue declined by 5.9% to Rs 19,872 crore due to weak cement prices. Net profit dropped 53.1% due to higher raw material costs and logistics expenses.

Analysts Navin Sahadeo and Amit Gupta note the company’s focus on price hikes over volume growth. The price gap with peers in North India has narrowed to Rs 20–25 per bag, down from Rs 30–35. They believe this will support better realisations and margin improvement.

For FY26, the management targets 2–3% volume growth and expects EBITDA per tonne to remain at Rs 1,400, up from the FY25 average of Rs 1,070. They aim to increase their selling price per tonne by 6%. Analysts believe a price rise will help cover the impact of slow volume growth, and expect revenue growth of 9% in FY26.

Shree Cements plans to commission two 3 million tonnes per annum (MTPA) clinker units (partially processed cement units) in Karnataka and Rajasthan in FY26. It also aims to expand total cement capacity to 80 MTPA by FY30 from the current 62.8 MTPA.

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

(You can find all analyst picks here)

 
Trendlyne Marketwatch
Trendlyne Marketwatch
17 Jun 2025
Market closes lower, CG Power bags a Rs 641 cr order from Power Grid for 765/400 kV transformers
By Trendlyne Analysis

Nifty 50 closed at 24,853.40 (-93.1, -0.4%), BSE Sensex closed at 81,583.30 (-212.9, -0.3%) while the broader Nifty 500 closed at 22,981.50 (-113.6, -0.5%). Market breadth is overwhelmingly negative. Of the 2,441 stocks traded today, 773 showed gains, and 1,632 showed losses.

Indian indices closed in the red, with Nifty Pharma emerging as the biggest loser following renewed threats to the pharmaceutical sector from Donald Trump. The Indian volatility index, Nifty VIX, declined 2.9% and closed at 14.4 points. Siemens closed 1.5% higher as its consortium with R Agrawal Infracon and Siemens Mobility Gmbh bagged an order worth Rs 4,100 crore from National High Speed Rail Corp for India’s first high-speed rail project.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the red, following the benchmark index. Nifty IT and BSE IT were among the top index gainers today. According to Trendlyne’s Sector dashboard, Telecommunications Equipment emerged as the best-performing sector of the day, with a rise of 1.4%.

Asian indices closed mixed, while European indices are trading in the red except Russia’s MOEX & RTSI indices. US index futures traded in the red indicating a cautious start to the trading session. The Federal Reserve begins its two-day meeting today and is widely expected to keep interest rates steady at around 4.5%. Investors are focused on whether the central bank will hint at future rate cuts amid softer US inflation and signs of an economic slowdown.

  • Relative strength index (RSI) indicates that stocks like Manappuram Finance, Glenmark Pharma, Gland Pharma, and LTIMindtree are in the overbought zone.

  • CG Power and Industrial Solutions is rising as it secures an order worth Rs 641 crore from Power Grid Corporation of India to supply 765/400 kV single-phase transformers.

  • Rane (Madras) rises sharply after its board approves the sale of about 3.5 acres from its 4.5-acre property in Velachery, Chennai.

  • Sharekhan maintains its 'Buy' call on AU Small Finance Bank, with an upgraded target price of Rs 900 per share. This indicates a potential upside of 16.3%. The brokerage believes that the company's profitability will improve from H2FY26, backed by lower interest rates and normalisation of credit costs. It expects the lender's net interest income (NII) to grow at a CAGR of 23.7% over FY26-27.

  • Nomura upgrades Mahanagar Gas to a 'Buy' rating with a higher target price of Rs 1,680. The brokerage highlights MGL’s strong volume growth, limited exposure to volatile segments, and attractive valuation compared to peers like IGL and GGL. Nomura also notes MGL’s resilience to EV-related risks, citing its role in Maharashtra’s EV policy committee, which supports CNG’s continued relevance.

  • Happiest Minds surges as Anand Rathi initiates coverage with a 'Buy' rating and sets a target price of Rs 790, a 20% upside. The brokerage notes that a slowdown in the US market remains a big risk, but it anticipates discretionary tech spending to pick up in H2FY26. This is expected to boost the hi-tech, manufacturing, industrials, and BFSI segments, constituting 51% of revenue.

  • Hindustan Zinc plans to set up a 250 kilo tonnes (KT) integrated zinc metal complex at Debari, along with associated mining and milling facilities, with a total capital expenditure of up to Rs 12,000 crore.

  • Nelco receives very small aperture terminal (VSAT) virtual network operator authorisation across India from the Ministry of Communications, Government of India.

  • Brent crude prices surge amid rising tensions in West Asia after Israel shuts part of the Haifa refinery following an Iranian missile strike. Tanker operators are avoiding the Persian Gulf, driving up freight and insurance costs and further straining supply chains.

  • Siemens rises sharply as its consortium with R Agrawal Infracon and Siemens Mobility Gmbh bags an order worth Rs 4,100 crore from National High Speed Rail Corp for India’s first high-speed rail project. Siemens' share in the order is Rs 1,230 crore and involves designing, installing, and maintaining advanced signalling and telecommunications technologies.

  • Biocon's board of directors approves a Rs 4,500 crore qualified institutional placement (QIP) of equity shares at a floor price of Rs 340.2 per share.

  • Inox India is rising as it bags multiple orders worth Rs 373 crore across the industrial gas, cryo-scientific solutions, liquified natural gas (LNG), and beverage kegs businesses. The orders include Rs 151 crore in the cryo-scientific solutions business, Rs 141 crore in the industrial gas business, and Rs 71 crore in the LNG segment.

  • Sandeep Poundrik, Secretary at the Ministry of Steel, says the safeguard duty on steel has helped reduce imports. He believes per capita steel consumption will double to Rs 200/kg by 2035. Poundrik adds that steel prices should be balanced with consumer goods prices, which the Directorate General of Trade Remedies (DGTR) should consider. He also clarifies that no proposal exists to merge RINL with SAIL.

  • NBCC (India) receives an order worth Rs 172.5 crore from UCO Bank to construct a modern high-rise head office with a green building rating in New Town, Kolkata.

  • Citi initiates coverage on Max Financial Services with a 'Buy' rating and a target price of Rs 1,840. The brokerage expects improved margins in the near term, supported by a balanced product mix and diversified distribution channels.

  • Navin Fluorine International surges to its 52-week high of Rs 4,794.3 as Morgan Stanley upgrades its rating to 'Equalweight' call from 'Underweight', with a higher target price of Rs 4,160 per share. The brokerage believes that Indian chemical companies will see a volume growth cycle in the agrochemicals business in FY26, leading to higher orderbook growth, faster capacity monetisation, and margin improvement.

  • Goldman Sachs upgrades Schneider Electric to a 'Buy' rating with a target of Rs 910. The brokerage expects the company to expand its margin to 39.6% by FY32, partly supported by government initiatives. It also projects market share growth from 2.9% to 3.3%, reaching a total addressable market (TAM) of $14.5 billion.

  • Spiracca Ventures sells 20 lakh shares (4.2% stake) in Solara Active Pharma Sciences, worth Rs 99 crore, at an average price of Rs 495 per share in a block deal. Promoter Pronomz Ventures is the buyer in the transaction.

  • Axiscades Technologies is rising as it signs a Memorandum of Understanding (MoU) with Indra, a Europe-based defence equipment manufacturer, to produce aerospace and defence solutions in India. The partnership will cover antennas for tactical air navigation systems (TACAN), and countermeasure systems.

  • Bata India's board appoints Panos Mytaros as the new Chief Executive Officer (CEO), succeeding Sandeep Kataria, effective September 15.

  • Jefferies maintains an 'Underperform' rating on Tata Motors with a lower target price of Rs 600. The brokerage raises concerns over Jaguar Land Rover (JLR) after its Q3 results showed a 16% YoY drop in EBITDA, missing estimates. It also highlights challenges such as weaker demand in China and Europe, rising customer acquisition costs, and higher warranty expenses.

  • Vishal Mega Mart falls sharply as its promoter, Samayat Services LLP, plans to sell a 10% stake (or 45.9 crore shares) worth Rs 5,057 crore through a block deal at a floor price of Rs 110 per share.

  • Zydus Wellness rises as 46.3 lakh shares (7.3% stake), worth Rs 879 crore, reportedly change hands in a block deal at an average price of Rs 1,900 per share.

  • Tanla Platforms rises sharply as its board of directors approves a share buyback of up to Rs 175 crore. The company plans to repurchase up to 20 lakh fully paid-up equity shares, representing around 1.5% of its total equity, at Rs 875 per share through the tender offer route.

  • Nazara Technologies' board of directors approves raising Rs 495 crore by allotting 50 lakh equity shares to Axana Estates LLP via a preferential issue.

  • Nifty 50 was trading at 24,896.40 (-50.1, -0.2%), BSE Sensex was trading at 81,869.47 (73.3, 0.1%) while the broader Nifty 500 was trading at 23,062.90 (-32.2, -0.1%).

  • Market breadth is in the red. Of the 1,979 stocks traded today, 851 were on the uptrend, and 1,070 went down.

Riding High:

Largecap and midcap gainers today include Mazagon Dock Shipbuilders Ltd. (3,305.90, 4.4%), Aditya Birla Capital Ltd. (255.11, 2.6%) and PB Fintech Ltd. (1,950.10, 2.2%).

Downers:

Largecap and midcap losers today include Hindustan Zinc Ltd. (486.35, -5.2%), Sona BLW Precision Forgings Ltd. (479.95, -4.1%) and Jindal Steel & Power Ltd. (891, -3.4%).

Volume Rockets

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

Top high volume gainers on BSE included Happiest Minds Technologies Ltd. (668.45, 11.1%), Supreme Petrochem Ltd. (799.05, 5.1%) and Navin Fluorine International Ltd. (4,703.40, 4.2%).

Top high volume loser on BSE was Patanjali Foods Ltd. (1,657.80, -1.3%).

Latent View Analytics Ltd. (404.10, 0.9%) was trading at 22.6 times of weekly average. Supreme Industries Ltd. (4,644.40, 1.9%) and LMW Ltd. (16,264, 0.3%) were trading with volumes 4.6 and 4.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

11 stocks hit their 52 week highs,

Stocks touching their year highs included - Bharat Electronics Ltd. (401.75, -0.5%), Multi Commodity Exchange of India Ltd. (7,925.50, 1.3%) and Muthoot Finance Ltd. (2,645.70, 0.5%).

22 stocks climbed above their 200 day SMA including MMTC Ltd. (72.09, 5%) and Mahanagar Gas Ltd. (1,433.50, 3.2%). 24 stocks slipped below their 200 SMA including Hindustan Copper Ltd. (252.71, -3.8%) and FDC Ltd. (473.20, -3.5%).

 
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The Baseline
16 Jun 2025
By Omkar Chitnis

When foreign Institutional Investors (FIIs) buy or reduce stakes, the ground moves under India’s stock market. Their large-figure decisions often trigger sharp stock reactions.

In recent quarters, FII flows have been unpredictable as India’s union election, the US presidential race, geopolitical tensions, and tariff worries kept Indian equity markets volatile. FII money tends to be hot money, and as news headlines shifted, the mood among FIIs yo-yoed between bullish and bearish.

FIIs hold 18.8% of Indian equities. They sold stocks worth Rs 2.5 lakh crore over the past year due to higher US bond yields and valuations which gave them better returns. Despite FII selling, the Nifty 50 gained nearly 6.3% over the year, helped by strong domestic institutional inflows and better-than-expected corporate earnings in Q3 and Q4.

FIIs have reduced their exposure to cyclical sectors, such as Oil & Gas, Cement, and Information Technology. They increased their stake in domestic growth-oriented sectors such as Banking and Finance, Capital Goods, and Automobiles, including companies like GE Vernova T&D, Home First Finance, Voltas, and Transformers & Rectifiers.

Vinit Bolinjkar, Head of Equity Research at Ventura Securities, said, “FPIs have sold significantly over the last few months, but this has been completely absorbed by DIIs despite low participation from retail investors. With the market rallying sharply from the March lows, we won’t be completely dependent on global flows only. This will give more confidence to domestic investors.”

In this edition of Chart of the Week, we will analyse the top sectors and stocks with the highest increase in FII holdings over the past year.

FIIs chase banking and finance on strong earnings, low valuations

Foreign institutional investors (FIIs) invested Rs 78,086 crore inBanking and Finance over the past year, accounting for nearly half of the total Rs 1.6 lakh croreinflows. This investment helped theNifty Financial Services Index climb 18.4%.

Improved asset quality and strong earnings in each quarter of FY25, along with valuations below the 5-year average of 20.6x, and expectations of Reserve Bank of India (RBI) rate cuts, strengthened FII interest in the Banking and Finance sector.

Consequently, FIIs increased stakes in companies with stable net profit and asset quality, such as Aptus Value Housing Finance, Home First Finance, Nuvama Wealth Management, and KFIN Technologies.

Aptus Value Housing Finance saw its FII holding rise by 8.2 percentage points to 27.7% in March 2025. Over the past five years, the company’s revenue grew at a CAGR of 28% and a net profit CAGR of 28.9%. It maintained a stable operating margin of 82.2%, supported by rising loan disbursements and assets under management (AUM). The stock trades at a reasonable valuation based on its five-year price-to-earnings.

Nuvama Wealth Management saw its FII stake rise by 9.6 percentage points to 16.6% in FY25 after promoters sold part of their holding. The NBFCimproved its return on equity (RoE) by 15.2 percentage points to 31.5% over the past five years, driven by better asset quality and growth in its capital markets and wealth management segments. These factors lifted its share price by 39.3% over the past year.

Pharmaceuticals gain traction post surprise outperformance in H1FY25 results

The Nifty Pharma index gained 10.7% over the past year, outperforming the benchmark Nifty 50 by 3.2 percentage points. The defensive sector, Pharmaceuticals and Biotechnology, attracted Foreign Institutional Investor (FII) investments totaling Rs 16,089 crore since May 2024.

The government’s Production-Linked Incentive (PLI) incentives for drug intermediates helped companies improve margins and expand capacity. Strong domestic sales and exports drove pharmaceutical firms to exceed revenue and profit estimates in H1FY25. The shifting supply chain from China to India prompted FIIs to raise their holdings by up to 7.2% in companies such as  J B Chemicals & Pharmaceuticals, Lupin, Gland Pharma, and Divi’s Laboratories over the past year.

J B Chemicals & Pharmaceuticals saw its share price rise 130% over the past three years. During the same period, revenue grew at a CAGR of 17.1%, driven by growth in the domestic formulation business and Contract Development and Manufacturing Organisation (CDMO) segment, supported by a healthy order book and new project wins. FIIs increased their stake in the company by 7.2 percentage points to 18.3% over the past year.

On the company’s growth plans for the CDMO segment, Nikhil Chopra, CEO, said, “We plan to double our CDMO business to $100 million over the next four years from the current $50 million, which accounts for 12% of our total revenue.”

Divi’s Laboratories’ stock hit an all-time high of Rs 6,764 on May 26 after strong Q4FY25 results. Over the past year, FIIs increased their holdings by 3.3 percentage points to 18%, fueled by growth in the Active Pharmaceutical Ingredient (API) segment and improved profit margins. The stock gained 45.7% during the same period.

The company earns 88% of its revenue from international markets. The management expects revenue from the custom synthesis and APIs segment to grow steadily by around 15–18% in FY26. To boost exports, it plans to invest up to Rs 700 crore to expand its custom synthesis capacity.

The government's infrastructure push draws FIIs to capital goods

The Indian government’spush for infrastructure development and utility modernisation has benefited thecapital goods sector. Rising public and private order books have boosted companies likeGE Vernova T&D India,Transformers & Rectifiers,Inox Wind, andThermax. As the global supply chain is shifting away from China, these manufacturers are seeing a surge in export orders.

GE Vernova T&D’s share price rose 44.3% over the past year, driven by strong demand from PSU clients, and doubled its order book to over Rs 12,600 crore in FY25. FIIs increased their stake by 11.8 percentage points during the year.

The company aims to increase international business to 30% of revenue by FY27 and plans to invest Rs 140 crore to expand manufacturing capacity for its High Voltage Direct Current (HVDC) systems.

On the growing order book from the energy sector, Vice President Johan Bindele said, “Our order backlog has tripled over the past year, driven by strong demand for transformers, switchgear, and grid technologies.”

Inox Wind holds a 15% market share in the wind turbine manufacturing industry and saw its share price rise 18.6% in the past year. After seven years, the company became profitable in FY25 by shifting to high-margin 3 MW and 4 MW turbine production and expanded its market reach in the renewable energy industry.

In July 2024, the promoter infused Rs 900 crore to improve operational flexibility and expand manufacturing capacity. The capital supported operations and raised the order book by 21% to Rs 3,203 crore in FY25. FIIs raised their stake by 6.2 percentage points to 15.7% in FY25.

Shifting consumer habits attract FII investments in consumer durables

The Consumer Durables sector is experiencing strong growth, driven by rising incomes, urbanisation, and shifting preferences toward branded, technologically advanced products. Favourable monsoons and growing rural demand also boost sales for companies like Voltas, Whirlpool, RR Kabel, and Dixon Technologies. Additionally, government incentives, including the PLI scheme, are helping companies improve margins and support capacity expansion.

Voltas holds a 19% market share in the room air conditioner industry. Over three years, revenue grew at a 24.7% CAGR and profit by 18.6%, driven by strong sales and a better product mix.

In-room air conditioners and air cooler business accounts for 73% of Voltas' total revenue. In Q4FY25, revenue from this segment grew 200 basis points, outperforming its peer Blue Star, driven by higher orders from international markets like the UAE and Saudi Arabia. In FY25, FIIs increased their stake by 7.3 percentage points to 22%.

To boost local manufacturing of air conditioner components, the government introduced the PLI scheme with an investment of Rs 6,238 crore in FY22. In addition, the company is investing  Rs 450 crore to increase its compressor production capacity to 2 million units by FY27 and expand its distribution network in South and West India. 

Dixon Technologies holds a 60% share in the mobile Electronics Manufacturing Services (EMS) market. The company manufactures eight of the top ten global smartphone brands. It has benefited from five PLI schemes in mobile phones, telecom equipment, and lighting product manufacturing. The ongoing global tariff war and the China+1 strategy have positioned Dixon Tech as a viable alternative for mobile phone manufacturers.

The company invested Rs 600 crore in backward integration, which boosted its net profit margin to 3.1% in FY25, and FII's stake in the company rose by 3.9 percentage points to 21.8%.

Dixon plans to increase phone manufacturing capacity to 60 million units by 2027, up from 45 million in FY25, driven by rising orders from new and existing clients. Saurabh Gupta, Chief Financial Officer, said, “We expect 40–45% revenue growth this year, supported by operational efficiencies, backward integration, and a higher contribution from our refrigerator business, which should expand margins by 20–25 basis points. We also plan to scale up IT hardware production in FY26 and display module manufacturing in FY27.”

 
Trendlyne Marketwatch
Trendlyne Marketwatch
16 Jun 2025
Market closes higher, Belrise Industries' net profit surges 6.8X YoY in Q4
By Trendlyne Analysis

Nifty 50 closed at 24,946.50 (227.9, 0.9%), BSE Sensex closed at 81,796.15 (677.6, 0.8%) while the broader Nifty 500 closed at 23,095.05 (188.9, 0.8%). Market breadth is neutral. Of the 2,469 stocks traded today, 1,170 showed gains, and 1,241 showed losses.

Indian indices closed higher after rising in the morning session. The Indian volatility index, Nifty VIX, fell 1.6% and closed at 14.8 points. India’s wholesale price index (WPI) inflation eased to a 14-month low of 0.4% in May, down from 0.9% in April. The decline was led by softer prices in food, fuel, and primary articles.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher, following the benchmark index. Nifty IT and Nifty Realty Indices were among the top index gainers today. According to Trendlyne’s sector dashboard, Software & Services emerged as the top-performing sector of the day, with a rise of 1.3%.

Asian indices closed in the green, except for Indonesia’s IDX Composite and Thailand’s SET, which closed in the red. European indices are trading flat or higher. US index futures are trading higher, indicating a positive start to the trading session. Investors are monitoring the situation in the Middle East and awaiting the US Federal Reserve’s interest rate decision later this week. Brent crude futures are trading lower after rising around 9% over the last two trading sessions.

  • Money flow index (MFI) indicates that stocks like AstraZeneca Pharma, NAVA, Glenmark Pharma, and Pfizer are in the overbought zone.

  • Belrise Industries rises as its net profit surges 6.8X YoY to Rs 110 crore in Q4FY25, helped by inventory destocking, lower employee benefits and finance costs. Revenue grows 49% YoY to Rs 2,274.3 crore during the quarter. It appears in a screener of stocks with zero promoter pledges.

  • Biocon is rising as it reportedly plans to launch a qualified institutional placement (QIP) soon to raise up to Rs 4,500 crore, possibly as early as this week. The proceeds will be used to reduce the company’s debt.

  • Motilal Oswal retains its 'Neutral' call on Procter & Gamble Hygiene & Healthcare with a target price of Rs 15,000 per share. This indicates a potential upside of 12.1%. The brokerage is confident in the company's long-term growth, owing to strong growth potential in the feminine hygiene segment, led by product premiumisation. It expects the firm's revenue to grow at a CAGR of 8.2% over FY26-27.

  • According to data from the Ministry of Commerce and Industry, India's trade deficit narrows to $21.8 billion in May, down from $22 billion in 2024. Exports decline 2.2% YoY to $38.7 billion, while imports fall 1.8% YoY to $60.6 billion. This decline aligns with a broader trend of falling global commodity prices and reduced trade volumes.

  • Omaxe surges as it announces a Rs 1,000 crore investment in a new township near the Golden Temple in Amritsar. The company has acquired 260 acres of land for the project.

  • State Bank of India reportedly cuts its savings account interest rate to 2.5% per annum, effective June 15. Earlier, it offered 2.7% on deposits up to Rs 10 crore and 3% on deposits above Rs 10 crore.

  • IOL Chemicals and Pharmaceuticals registers Acetic Anhydride with the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH), enabling it to market the product across the European Union.

  • Jefferies maintains a 'Buy' rating on InterGlobe Aviation with a target price of Rs 6,300. The brokerage highlights IndiGo’s strong growth prospects, driven by international expansion, new fleet additions, and cost leadership. Key factors include a growing global network, its focus on low cost per available seat kilometre (CASK), and plans to expand its fleet to over 600 aircraft by FY30 from the current 400.

  • Indraprastha Gas is rising as the Delhi government reportedly plans to revise its EV policy by easing the deadline to transition from petrol and gas-powered vehicles, which the previous AAP-led administration introduced in November 2023. The delay in the EV transition will extend the demand window for CNG and support the company's volume growth.

  • Lupin signs a license and supply deal with Sino Universal Pharmaceuticals (SUP) to sell its Tiotropium Dry Powder Inhaler in China, used to treat chronic lung disease (COPD or chronic obstructive pulmonary disease). The global tiotropium market was valued at $2.5 billion in 2024.

  • SpiceJet's Q4FY25 net profit surges 166.6% YoY to Rs 318.9 crore, driven by lower fuel costs and higher ticket prices. Revenue falls 17.5% YoY to Rs 1,941 crore due to lower cargo volumes and delays in returning grounded planes to service. The company features in a screener of stocks benefiting from lower oil prices.

  • India’s wholesale price index (WPI) inflation drops to a 14-month low of 0.4% in May, down from 0.9% in April. The decline was driven by easing prices across key categories, including food, fuel, and primary articles.

  • Gujarat Themis Biosyn's Chief Executive Officer (CEO), Tapas Guha Thakurata, tenders his resignation due to personal health reasons, effective June 30. The board appoints Sachin Patel as the new Managing Director (MD) for five years, effective July 1.

  • Lemon Tree Hotels signs a license agreement for a new 70-room hotel in Itanagar, Arunachal Pradesh. The hotel will be managed by its subsidiary, Carnation Hotels.

  • Tata Motors falls sharply as its Jaguar Land Rover (JLR) unit projects FY26 EBIT margin between 5% and 7%, down from 8.5% in FY25 due to tariff uncertainty. JLR contributes 71% of Tata Motors' revenue.

  • The Society of Indian Automobile Manufacturers (SIAM) data reports a 2.2% YoY increase in domestic two-wheeler sales at 16.6 lakh units in May. Passenger vehicle sales decline 0.8% YoY to 3.4 lakh units. Total vehicle exports, however, are by 22.8% to 4.8 lakh units.

  • Birla Corp is rising as it emerges as the preferred bidder for the Gourum Khan Ki Dhani (South) limestone block with an area of 499.6-acres in an e-auction held by Director of Mines & Geology, Rajasthan.

  • Sun Pharmaceutical receives a Form 483 with eight observations from the US FDA following an inspection at its formulations and dosage facility in Halol, Gujarat.

  • Rekha Jhunjhunwala sells her entire stake of over 3%, worth Rs 334 crore, in Nazara Technologies via a block deal on Friday.

  • Reports suggest that 85 lakh shares of Asian Paints, amounting to Rs 1,876 crore, have changed hands in a pre-open block deal. Reliance Industries, through its subsidiary Siddhant Commercials, sold 3.5 crore shares worth Rs 7,703 crore in a block deal last week.

  • Godrej Properties plans to develop a premium residential project on a ~14-acre land parcel in Hoskote, East Bengaluru. The project will offer around 1.5 million square feet of saleable area, with an estimated revenue potential of approximately Rs 1,500 crore.

  • Natco Pharma receives Form 486 with one observation from the US FDA following an inspection at its active pharmaceutical ingredient (API) manufacturing facility in Hyderabad.

  • HBL Engineering is rising as it receives an order worth Rs 133 crore from South Central Railway to install the Kavach system across 48 stations in the Vijayawada–Ballarshah section.

  • Arkade Developers acquires a 6.3-acre land parcel in Thane for Rs 172.5 crore for a mixed-use development with a gross development value (GDV) of Rs 2,000 crore.

  • Nifty 50 was trading at 24,788.95 (70.4, 0.3%), BSE Sensex was trading at 81,034.45 (-84.2, -0.1%) while the broader Nifty 500 was trading at 22,961.40 (55.2, 0.2%).

Riding High:

Largecap and midcap gainers today include Indraprastha Gas Ltd. (212.33, 6.8%), Supreme Industries Ltd. (4,557.30, 4.8%) and PI Industries Ltd. (4,146.50, 4.4%).

Downers:

Largecap and midcap losers today include Tata Motors Ltd. (686.65, -3.6%), Schaeffler India Ltd. (4,018, -2.9%) and Gujarat Fluorochemicals Ltd. (3,631.10, -2.6%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Indraprastha Gas Ltd. (212.33, 6.8%), Newgen Software Technologies Ltd. (1,233.60, 5.7%) and Galaxy Surfactants Ltd. (2,507.60, 5.6%).

Top high volume losers on BSE were Craftsman Automation Ltd. (5,260.50, -0.8%) and Nuvoco Vistas Corporation Ltd. (349.90, -0.4%).

FDC Ltd. (490.25, 3.0%) was trading at 17.1 times of weekly average. Atul Ltd. (7,253.50, 3.6%) and Endurance Technologies Ltd. (2,459.10, 2.4%) were trading with volumes 8.1 and 8.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

10 stocks made 52 week highs, while 1 stock hit their 52 week lows.

Stocks touching their year highs included - Bharat Electronics Ltd. (403.85, 2.5%), JK Cement Ltd. (5,978.50, -1.7%) and Manappuram Finance Ltd. (278.81, -0.3%).

Stock making new 52 weeks lows included - Easy Trip Planners Ltd. (10.79, -0.8%).

20 stocks climbed above their 200 day SMA including Indraprastha Gas Ltd. (212.33, 6.8%) and Newgen Software Technologies Ltd. (1,233.60, 5.7%). 27 stocks slipped below their 200 SMA including Aegis Logistics Ltd. (775.25, -1.9%) and Tanla Platforms Ltd. (657.15, -1.4%).

 
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The Baseline
13 Jun 2025
Five Interesting Stocks Today - June 13, 2025
By Trendlyne Analysis

1. Multi Commodity Exchange of India:

This capital markets company has risen 6.5% over the past week after receiving approval from SEBI to launch electricity derivatives. Multi Commodity Exchange (MCX) offers online trading in commodity futures such as gold, crude oil, base metals, and options, along with data services.

The electricity derivatives contracts will allow power generators, distribution companies and large consumers to hedge against power price fluctuations and manage risks more effectively. The new revenue stream and increasing trading volumes will benefit MCX. 

In FY25, the average daily turnover (ADT) of futures and options on MCX doubled to Rs 2.2 lakh crore. The ADT for commodity futures alone rose 38%. Net profit surged 574% to Rs 560 crore, while revenue grew 59.3%. Gold prices have climbed 33% since April 2024, prompting greater investor and institutional participation in gold futures, which boosted MCX’s fee-based revenue. Trading in silver, energy, and agri-commodities also picked up due to sharp price movements.

Praveena Rai, CEO & MD,noted that MCX is ready with index options (contracts based on commodity indices) and is awaiting regulatory approvals. She mentioned that since the launch of gold options as monthly contracts, there has been a strong uptick in turnover. Rai added, “Between our indices and new products such as electricity, we see significant growth in the coming time,” noting that options are generally easier for retail participants to understand than futures and may gradually shift trading volumes toward options due to lower margin requirements.

MCX is currently undervalued based on both its current PE and future earnings estimates. However, it appears in a screener of stocks with PE higher than the industry average. The stock has surged 99.2% over the past year.

2. Welspun Living:

This textiles player rose by 5% on June 5 after Jefferies initiated coverage with a ‘Buy’ rating and target price of Rs 185. The brokerage sees Welspun as a key beneficiary of India’s potential FTAs (Free Trade Agreements) with the US and EU, similar to the one with the UK. This is the highest target in the consensus – the average target from analysts on Welspun Living, according to Trendlyne’s Forecaster, is Rs 176.

For Welspun Living, the US is its largest market, contributing over 60% of its revenue. Its key clients include Costco and Walmart. While near-term volatility from US reciprocal tariffs is a concern, the company seems unperturbed – it has reduced its export share to the US, bringing it down from 80% to 60–65%. It has also been expanding its footprint in the UK, EU, GCC (Gulf Cooperation Council) countries, Japan, Australia, and New Zealand.

In FY25, the textile company’s revenue grew around 9% to Rs 10,545.1 crore. EBITDA margins stood at 13.6%. Commenting on the outlook, Dipali Goenka, the MD & CEO, said, “While we’ve held back our guidance for FY26 due to ongoing macro and tariff-related headwinds, we remain confident of achieving our revenue target of Rs 15,000 crore and EBITDA margins at 15–16% by FY27. Our core business remains strong, and we expect continued momentum in emerging segments”. During the year, Welspun’s emerging businesses (including domestic consumer, branded products, advanced textiles, and flooring) contributed approx 30% of total revenue. 

Jefferies flags near-term risks due to tariff uncertainty in the US. However, it remains optimistic and notes that Welspun has diversified into new product categories and is building a branded business. It believes Welspun is well-positioned to manage tariff-related pressures. The company ranks high on Trendlyne’s Checklist, scoring 56.5.

3. Jindal Saw:

This steel pipe manufacturer surged 11% over the past week after its board approved $118 million (~Rs 1,009 crore) expansion plans in the Middle East. The investment includes a new manufacturing facility in the United Arab Emirates with a steel pipe capacity of over 3 lakh tonnes per annum, along with two joint ventures in Saudi Arabia, also focused on steel pipe production.

With this expansion, Jindal Saw aims to strengthen its presence in the GCC (Arab states of the Gulf), focusing on the oil and gas value chain. Management stated that establishing a facility within the region allows the company to leverage local “in-country value” incentives, an advantage that helps it become a preferred supplier.

The announcement comes amid plateauing performance in FY25. Revenue growth remained flat in FY25 and missed Forecaster estimates by 1.6%. Management attributed this to “not enough budgetary allocation” to the Jal Jeevan Mission, as it was an election year, which slowed down order inflows. “It’s an anomaly,” said Neeraj Kumar, Group CEO and Director, referring to the decline in sales in Q4. Net profit was slightly higher but fell 12% short of estimates due to a deferred tax expense of over Rs 250 crore. 

Despite 25% of sales coming from exports, the company has minimal direct exposure to US tariffs. “The indirect impact is stability in commodity prices, because China will have to make its adjustments,” Kumar added. Management highlights that while new capacity in the Middle East may temporarily dent export volumes, growing domestic demand will likely absorb the shortfall.

Three analysts' consensus recommendation on Jindal Saw is ‘Strong Buy.’ Based on analyst estimates, Trendlyne’s Forecaster projects an upside of 65%. The P/E buy-sell zone suggests that the stock is trading in the Neutral Zone.

4. Hyundai Motor India (HMIL):

This cars & utility vehicles company rose by 5.8% over the past week. It reported a 1.7% decline in revenue with net profit falling 6.9% in FY25 due to weak demand and high competitive pressures. It marginally surpassed the Forecaster net profit estimate by 3.7% led by an improved mix in both domestic & exports and price hikes in 2025. The company appears in a screener of companies with zero promoter pledges.

On June 2nd, the company announced total May sales of 58,701 units. This included 43,861 domestic sales (down 11% MoM) and 14,840 export units. Commenting on monthly sales, Tarun Garg, Whole-time Director and COO of HMIL, said, “May is a month of our routine week-long biannual maintenance shutdown at our Chennai manufacturing facility, which affected a few critical models.”

Society of Indian Automobile Manufacturers (SIAM) projects a 2% growth for passenger vehicles in FY26 and the company’s MD, Unsoo Kim aims to be in line with the industry. He highlighted the company’s target to launch 26 products (combination of new and refreshes) by FY30, of which 20 would be Internal Combustion Engine (ICE) and six would be EVs. 

KS Hariharan, Head-Investor Relations of HMIL, said, “ We're targeting 7-8% export growth and a Rs 7,000 crore capital expenditure in FY26. Of that capex, 40% is allocated to the new Pune plant and 25% to new product development.”

To address concerns about potential rare earth magnet supply restrictions by China, the company reportedly has planned to tap into its parent, Hyundai Motor Co.'s global supply network. It remains cautious but believes its current inventory is sufficient to prevent production disruptions through year-end.

Motilal Oswal maintains a ‘Buy’ rating on HMIL, with a higher target price of Rs 2,137. The brokerage believes that the company will deliver 7% volume CAGR over FY26-27. However it also believes that start-up costs of the new Pune plant will impact earnings in the near term and normalize in FY27. The brokerage has raised its FY26 EPS estimate by 1%, while it has increased FY27 EPS by 7%.

5. Dr. Reddy's Laboratories:

Thispharma company has surged 5.6% over the past week after announcing itscollaboration with Iceland-based biotech company Alvotech to develop a biosimilar of Keytruda (pembrolizumab) for global markets. Keytruda, one of the world’s top-selling cancer drugs, is used to treat various cancers including lung and skin, and recorded global sales of $29.5 billion in 2024.

This collaborationsupports Dr. Reddy’s entry into immuno-oncology and strengthens its oncology pipeline as it tries to reduce reliance on generic Revlimid (gRevlimid).

InQ4FY25, revenue rose 19.9% YoY to Rs 8,528 crore, with North America generics contributing Rs 3,570 crore and revenue in Europe nearly doubled YoY due to the Nicotine Replacement Therapy (NRT) acquisition, which added smoking cessation products like patches and gums to its portfolio. Its net profit increased 21.6% YoY to Rs 1,593.3 crore, beating Forecaster estimates by 10% during the quarter. 

ForFY25 the company’s revenue grew 16.7% to 33,741.2 crore, driven by the NRT acquisition and strong growth in the generics business across major markets such as North America, India, and Russia. Commenting on FY26, CEO Erez Israelisaid, “You are going to see similar growth overall in next year. This year, we grew ~16%. That kind of range of growth you are going to see also in FY26.” 

The company isfacing pressure in its US business, with gRevlimid set to lose market exclusivity in January 2026. The drug contributed around 35-40% of US revenue in FY25. Analysts at Nuvama and Citi havewarned that this could lead to a drop in US revenue if not offset. To manage this risk, the company is focusing on semaglutide, a diabetes and weight-loss drug with strong global demand. Israelisaid, “We are gearing up to launch Semaglutide during the calendar '26”. Initial launches are planned in Canada, Brazil, and India, with a US launch likely around 2031-32.

However, the Delhi High Court hasbarred the company from selling semaglutide in India following a patent dispute withNovo Nordisk. While Dr. Reddy’s has started manufacturing the drug, currently it is allowed to export to markets where Novo Nordisk lacks patent protection. The company canbegin selling in India after the patent expires in January 2026.

HSBCupgrades its rating to "Buy" from "Hold" and also raises target price to Rs1,445, citing strong upside from Semaglutide. The brokerage expects semaglutide sales to reach $280 million by FY27, led by Canada, with a best-case potential of $500 million.

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

 
Trendlyne Marketwatch
Trendlyne Marketwatch
13 Jun 2025
Market closes lower, NCLT admits IREDA’s insolvency plea against Gensol Engineering
By Trendlyne Analysis

Nifty 50 closed at 24,718.60 (-169.6, -0.7%), BSE Sensex closed at 81,118.60 (-573.4, -0.7%) while the broader Nifty 500 closed at 22,906.20 (-140.3, -0.6%). Market breadth is in the red. Of the 2,437 stocks traded today, 838 were in the positive territory and 1,557 were negative.

Indian indices closed in the red as Israel launched operation ‘Rising Lion’ against Iran, targeting its key military sites. The Indian volatility index, Nifty VIX, rose 7.6% and closed at 15.1 points. India's CPI inflation fell 34 bps to 2.8% in May from 3.2% in April, marking the lowest level since February 2019. The decline was mainly driven by a sharp drop in food prices.

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

Asian indices closed in the red, while European indices are trading in the red except Russia’s MOEX & RTSI indices. US index futures traded in the red after Israel launched a large-scale airstrike on Iran, intensifying geopolitical tensions, driving oil prices sharply higher, and raising concerns over global economic growth. Crude oil futures surged more than 7% amid fears of potential disruption in the Strait of Hormuz, a key route for nearly 20% of the world’s oil supply.

  • Money flow index (MFI) indicates that stocks like Dr. Reddy's Labs, AstraZeneca Pharma, Manappuram Finance, and Pfizer are in the overbought zone.

  • UBS downgrades L&T Finance to 'Neutral' from 'Buy', but raises the target price to Rs 210 per share. The brokerage expects margins to remain rangebound and credit costs to remain around 2.4–2.5%, which could weigh on return on assets (RoA) and return on equity (RoE). It projects the loan book to grow at a CAGR of 20% over FY26–FY27.

  • Gensol Engineering falls after the National Company Law Tribunal (NCLT) Ahmedabad admits the Indian Renewable Energy Development Agency's (IREDA) insolvency plea and initiates proceedings against the company. The tribunal also appoints an interim resolution professional to take control of Gensol’s management and operations.

  • ACME Solar commissions an additional 19.8 MW at its wind project in Shapar, Gujarat, bringing the total commissioned wind capacity at the site to 46.2 MW out of the planned 50 MW. This raises its overall operational renewable energy capacity to 2,826.2 MW.

  • Crude oil futures surge over 7% following Israel’s strikes on Iran, raising fears of disruption in the Strait of Hormuz, a critical channel for nearly 20% of global oil flows. August Brent oil futures jump 9.9%, while July WTI (West Texas Intermediate) crude futures rise 10.6%.

  • Sharekhan maintains its 'Buy' call on LTIMindtree, with a higher target price of Rs 6,200 per share. This indicates a potential upside of 14%. The brokerage believes that despite headwinds, the company's strong order book, healthy deal pipeline, and execution capabilities will help with growth momentum. The fit-for-future program will drive margin improvement. It expects the firm's revenue to grow at a CAGR of 8.6% over FY26-27.

  • Kernex Microsystems (India) is rising as its Kernex-VRRC consortium secures orders worth Rs 311 crore from Southern Railways, Chennai. The orders involve Rs 173.1 crore to install the Kavach safety system in multiple railway sections of the Chennai Division. The second order, valued at Rs 137.9 crore, includes setting up the Kavach system, towers, and an optical fiber cable network in the Arakkonam–Jolarpettai section.

  • Oil and Natural Gas Corp is rising as Brent crude jumps $6 to $75.4 per barrel following Israel’s airstrike on Iran. The strike raises fears of supply disruptions amid escalating geopolitical tensions in the Middle East.

  • InterGlobe Aviation falls over 4% amid reports that its promoter, InterGlobe Enterprises, may sell around a 4% stake through block deals. InterGlobe Enterprises currently holds a 35.7% stake in the company and is looking to raise approximately $1 billion from the stake sale.

  • ICRA is rising as its board approves the acquisition of a 100% stake in Bengaluru-based Fintellix India for $26 million (approximately Rs 223.9 crore). The deal strengthens ICRA’s credit risk assessment and monitoring portfolio by adding risk reporting capabilities to its existing solutions.

  • Asian Paints is falling as Reliance Industries sells a 3.6% stake (or 3.5 crore shares) worth Rs 7,703 crore in the company through its subsidiary, Siddhant Commercials.

  • Lloyds Enterprises rises sharply as it acquires 3.7 crore shares in Lloyds Engineering Works via a rights issue. It now holds 49 crore shares, making up 33.3% of the company’s equity.

  • Shipping stocks like Shipping Corp of India and GE Shipping are rising as escalating tensions in the Middle East raise concerns over global trade disruptions and higher tanker rates. A volatile Strait of Hormuz could force vessels to reroute, impacting global oil and gas transportation.

  • Jubilant Ingrevia surges as around 98.7 lakh shares (~7% stake), worth Rs 667 crore, reportedly change hands in a block deal at an average price of Rs 676 per share. Promoter Bhartia family is likely the seller in the transaction.

  • Jubilant Foodworks rises as around 1.1 crore shares (~2% stake), worth Rs 702 crore, reportedly change hands in a block deal at an average price of Rs 662 per share. Promoter Bhartia family is likely the seller in the transaction.

  • Jubilant Pharmova rises as 48.3 lakh shares (3% stake) worth approximately Rs 527 crore reportedly change hands in a block deal at an average price of Rs 1,087 per share.

  • Motilal Oswal maintains its bullish outlook on the cables & wires sector, citing robust demand growth outpacing supply, favourable trends in exports and infrastructure as key long-term drivers. The brokerage projects global grid capex to double by 2030 and believes India is well-positioned due to cost and compliance strengths. It names Polycab as its top pick in the sector, with a 'Buy' rating and a target price of Rs 7,250.

  • Universal Cables falls as the European Commission imposes an 8.3% countervailing duty (CVD) on its single-mode optical fibre cable (OFC) exports to the European Union.

  • Dixon Technologies signs a 50:50 joint venture agreement with Signify Innovations for the original equipment manufacturing (OEM) of lighting products and accessories.

  • Genus Power falls as Singapore sovereign wealth fund GIC plans to sell a 3.6% stake worth approximately Rs 650 crore via a block deal at an average price of Rs 360 per share.

  • India's CPI inflation falls 34 bps to 2.8% in May from 3.2% in April, marking the lowest level since February 2019. The decline is mainly driven by a sharp drop in food prices. Rural inflation eases MoM to 2.6% from 2.9%, while urban inflation softens to 3.1% from 3.4%.

  • NBCC secures an order worth over Rs 518.4 crore from Navodaya Vidyalaya Samiti to construct Jawahar Navodaya Vidyalaya campuses across Arunachal Pradesh, Manipur, Assam, and Telangana.

  • DCM Shriram's board of directors approves acquiring a 100% stake in Hindustan Speciality Chemicals for a cash consideration of Rs 375 crore. This acquisition marks the company's entry into the epoxy and advanced materials space.

  • Crompton Greaves Consumer Electricals secures an order worth over Rs 101 crore from the Maharashtra Energy Development Agency (MEDA) to supply and install 4,500 off-grid solar water pumps across the state under Component-B of the PM-KUSUM scheme.

  • Torrent Power is rising as its wholly-owned subsidiary, Torrent Green Energy, receives orders worth approximately Rs 2,650 crore from Solar Energy Corporation of India (SECI) to develop 300 MW of ISTS-connected wind power projects under Wind Tranche-XVIII.

  • Market sinks in morning trading. Nifty 50 was trading at 24,601.15 (-287.1, -1.2%), BSE Sensex was trading at 80,427.81 (-1264.2, -1.6%) while the broader Nifty 500 was trading at 22,757.65 (-288.8, -1.3%).

  • Market breadth is moving down. Of the 2,011 stocks traded today, 149 showed gains, and 1,826 showed losses.

Riding High:

Largecap and midcap gainers today include Max Healthcare Institute Ltd. (1,232.80, 2.6%), Jubilant Foodworks Ltd. (682, 2.1%) and ICICI Lombard General Insurance Company Ltd. (1,940.70, 2.0%).

Downers:

Largecap and midcap losers today include Indian Renewable Energy Development Agency Ltd. (167.26, -4.7%), InterGlobe Aviation Ltd. (5,262, -3.9%) and Canara Bank (111.46, -3.6%).

Volume Shockers

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

Top high volume gainers on BSE included Jubilant Ingrevia Ltd. (793.55, 16.4%), Narayana Hrudayalaya Ltd. (1,913, 4.9%) and Jubilant Foodworks Ltd. (682, 2.1%).

Top high volume losers on BSE were Jubilant Pharmova Ltd. (1,094.20, -2.8%), Hindustan Petroleum Corporation Ltd. (386.25, -1.6%) and GMR Airports Ltd. (80.90, -1.2%).

Great Eastern Shipping Company Ltd. (989.45, 1.5%) was trading at 16.1 times of weekly average. V-Guard Industries Ltd. (377.50, -0.3%) and Go Digit General Insurance Ltd. (342.95, 0.7%) were trading with volumes 5.9 and 3.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

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

Stocks touching their year highs included - JK Cement Ltd. (6,082.50, 1.4%), Manappuram Finance Ltd. (279.54, 3.2%) and Muthoot Finance Ltd. (2,598.70, 1.7%).

Stocks making new 52 weeks lows included - Escorts Kubota Ltd. (3,130.20, -1.2%) and Aditya Birla Fashion and Retail Ltd. (73.80, -1.9%).

5 stocks climbed above their 200 day SMA including Jubilant Ingrevia Ltd. (793.55, 16.4%) and RHI Magnesita India Ltd. (503.15, 3.4%). 68 stocks slipped below their 200 SMA including Tata Teleservices (Maharashtra) Ltd. (71.60, -6.9%) and Chennai Petroleum Corporation Ltd. (641.95, -3.4%).

 
Trendlyne Marketwatch
Trendlyne Marketwatch
12 Jun 2025
Market closes lower, SG Mart bags orders worth Rs 266 crore for solar structures
By Trendlyne Analysis

Nifty 50 closed at 24,888.20 (-253.2, -1.0%), BSE Sensex closed at 81,691.98 (-823.2, -1%) while the broader Nifty 500 closed at 23,046.45 (-291.4, -1.3%). Market breadth is moving down. Of the 2,448 stocks traded today, 645 were on the uptick, and 1,768 were down.

Indian indices closed in the red, dragged down by IT and auto stocks, amid renewed tariff tensions. The Indian volatility index, Nifty VIX, rose around 2.6% and closed at 14 points. Shakti Pumps closed 2.9% higher as it received an order worth Rs 114.6 crore from the Maharashtra Energy Development Agency to supply 4,500 off-grid solar photovoltaic water pumping systems.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red, following the benchmark index. BSE Power and Nifty PSU Bank closed lower. According to Trendlyne’s sector dashboard, Utilities emerged as the worst-performing sector of the day, with a fall of 2.4%.

European indices are trading mixed. Major Asian indices closed mixed. US index futures are trading lower, indicating a negative start to the session. President Trump signalled he may extend the July 8 deadline for completing trade talks with countries before his reciprocal tariffs take effect. Meanwhile, Brent crude futures are trading lower amid rising tensions between Israel and Iran.

  • Oil India sees a long buildup in its June 26 futures series, with open interest increasing by 16.2% and a put-call ratio of 0.5.

  • Nazara Technologies’ committee of independent Directors reviews and recommends the ongoing open offer by Axana Estates, Plutus Wealth, and Junomoneta Finsol as fair and reasonable. The offer seeks to acquire a 26% stake for Rs 2,384 crore at Rs 990 per share.

  • SG Mart secures orders worth Rs 266 crore from multiple Independent Power Producers (IPPs) for its newly launched solar module mounting structures under the APL Apollo SunSteel brand, marking its entry into the renewable energy sector.

  • Coromandel International falls sharply as it issues a corporate guarantee worth $23.1 million (~ Rs 197.7 crore) to Citibank for a loan worth $21 million (~ Rs 179.8 crore) for its Senegal subsidiary, Baobab Mining & Chemicals Corp. The proceeds from the loan will be used for working capital requirements.

  • Elara Capital expects steel companies' margins to improve in Q1FY26, driven by price hikes in March & April. The brokerage notes that steel prices remain soft across geographies, and seasonal softness will likely set in. It highlights that steel imports from China into India were down by 11% YoY for the fourth consecutive month in April.

  • Ashoka Buildcon is falling after the Goods and Services Tax Department in Mumbai issues a search and seizure notice under Section 67 of the MGST Act.

  • Anupam Rasayan India receives a letter of intent (LoI) from E-Lyte Innovations and Fuchs Lubricants Germany for the long-term supply of up to 1,500 tonnes per annum (TPA) of Lithium Hexafluorophosphate.

  • Mahanagar Telephone Nigam rises sharply as the Union Cabinet reportedly meets to discuss an asset transfer under its revival plan. The company’s debt load is over Rs 33,500 crore, including loans, bonds, and borrowings from the Department of Telecommunications.

  • Rahul Bharti, Senior Executive Officer at Maruti Suzuki, highlights that the rare earth magnet shortage does not impact production. He adds that there is no disruption in the manufacturing of the e-Vitara and that the company is actively working on solutions to maintain operations. Bharti also says inventory is secure until July, but there is some uncertainty beyond that point.

  • Indian Overseas Bank falls as it cuts its external benchmark lending rate (EBLR) by 50 bps to 8.35%, effective June 12. The move follows the RBI’s repo rate cut to 5.5%.

  • Advait Energy rises sharply as Vijay Kedia buys 1 lakh shares (0.9% stake) worth Rs 17.2 crore in a bulk deal on Wednesday.

  • Hindustan Petroleum Corp and Bharat Petroleum Corp fall up to 4% as crude oil prices surge above $70 per barrel. Rising oil prices will increase raw material costs and reduce margins for these companies.

  • Adani Group reportedly plans to list its airports unit, Adani Airports, by March 2027 as part of its $100 billion (approx Rs 8.4 lakh crore) investment strategy across various sectors. This includes spinning off and publicly listing the airports division, which operates eight airports across India. Last week, it secured a $750 million (around Rs 6,250 crore) investment from a consortium of international banks.

  • Asian Paints falls as 3.5 crore shares (3.6% stake) worth approximately Rs 7,703 crore reportedly change hands in a block deal at an average price of Rs 2,201 per share.

  • Lemon Tree Hotels signs a new 72-room Lemon Tree Premier hotel in Indore, Madhya Pradesh. The hotel will be managed by its subsidiary, Carnation Hotels.

  • Shakti Pumps (India) is rising as it receives an order worth Rs 114.6 crore from the Maharashtra Energy Development Agency (MEDA) to supply 4,500 off-grid solar photovoltaic water pumping systems across Maharashtra under Component-B of the PM-KUSUM scheme.

  • Hyundai India reportedly plans to leverage the global supply network of its parent, Hyundai Motor Co, to source rare earth magnets amid rising concerns over potential supply restrictions. The company remains cautious but sees no short-term production disruptions, backed by sufficient inventory to meet its needs through year-end.

  • City Union Bank's board of directors approves raising Rs 500 crore through a qualified institutional placement (QIP) of equity shares.

  • Paytm falls as the Finance Ministry dismisses reports of introducing a merchant discount rate (MDR) on UPI payments. MDR is the fee merchants pay to banks or payment service providers like Paytm to process digital transactions.

  • C.E. Info Systems falls as 28.6 lakh shares (5.3% stake) worth approximately Rs 476.2 crore reportedly change hands in a block deal at an average price of Rs 1,750 per share. Phonepe is likely the seller in the transaction.

  • Antique Stock Broking maintains a 'Buy' rating on MOIL with a higher target price of Rs 434. The brokerage sees strong volume growth for the PSU and raises its FY27 volume estimate by 3.8%, leading to a 5.6% boost in projected EBITDA. It also highlights the company’s record production in April–May and affirms that the FY26 guidance of 2.5 metric tonnes (MT) remains on track.

  • Sterlite Technologies is rising as it receives an order worth Rs 2,631.1 crore from Bharat Sanchar Nigam Limited (BSNL) to design and construct Bharatnet's middle mile network in Jammu & Kashmir and Ladakh.

  • Tanla Platforms surges as its board of directors schedules a meeting on June 16 to consider the proposal for a buyback of equity shares.

  • SEPC rises sharply as it receives an order worth Rs 650 crore from Parmeshi Urja for the engineering, procurement, and construction (EPC) of a 133 MW AC solar power project across 26 locations in four districts of Maharashtra.

  • Hindustan Copper plans to expand its mining capacity to 12.2 million tonnes per annum (MTPA) from 4 MTPA with a capex of Rs 2,000 crore over the next 5-6 years. The company plans to expand its underground mine at Malanjkhand Copper Project (MCP) and Khetri Copper Complex (KCC) and reopen the Rakha mine at the Indian Copper Complex (ICC).

  • Nifty 50 was trading at 25,159.90 (18.5, 0.1%), BSE Sensex was trading at 82,571.67 (56.5, 0.1%) while the broader Nifty 500 was trading at 23,362.75 (24.9, 0.1%).

  • Market breadth is highly positive. Of the 1,988 stocks traded today, 1,424 were in the positive territory and 521 were negative.

Riding High:

Largecap and midcap gainers today include Torrent Pharmaceuticals Ltd. (3,258.80, 1.7%), Max Healthcare Institute Ltd. (1,202.20, 1.3%) and SBI Cards and Payment Services Ltd. (1,002.15, 1.0%).

Downers:

Largecap and midcap losers today include Hindustan Petroleum Corporation Ltd. (392.55, -5.4%), Bharat Petroleum Corporation Ltd. (318.65, -4.6%) and Central Bank of India (38.46, -4.2%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Tanla Platforms Ltd. (679.20, 9.1%), RHI Magnesita India Ltd. (486.55, 5.5%) and Route Mobile Ltd. (1,077.60, 4.9%).

Top high volume losers on BSE were C.E. Info Systems Ltd. (1,770.40, -9.4%), One97 Communications Ltd. (895.40, -6.8%) and Hindustan Petroleum Corporation Ltd. (392.55, -5.4%).

Eris Lifesciences Ltd. (1,791.10, 4.4%) was trading at 25.0 times of weekly average. Bombay Burmah Trading Corporation Ltd. (1,982.50, -1.3%) and Elgi Equipments Ltd. (531, 0.8%) were trading with volumes 15.5 and 12.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

12 stocks made 52 week highs,

Stocks touching their year highs included - Deepak Fertilisers & Petrochemicals Corporation Ltd. (1,562.80, -0.8%), Divi's Laboratories Ltd. (6725, 0.1%) and JK Cement Ltd. (6,001.50, 0.5%).

16 stocks climbed above their 200 day SMA including Tanla Platforms Ltd. (679.20, 9.1%) and RHI Magnesita India Ltd. (486.55, 5.5%). 35 stocks slipped below their 200 SMA including C.E. Info Systems Ltd. (1,770.40, -9.4%) and CIE Automotive India Ltd. (458.60, -4.1%).