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24 Apr 2025

Market closes lower, Tamilnad Mercantile Bank's Q4 profit grows 15.3% YoY to Rs 291.9 crore

Nifty 50 closed at 24,246.70 (-82.3, -0.3%), BSE Sensex closed at 79,801.43 (-315.1, -0.4%) while the broader Nifty 500 closed at 22,180.65 (-57.0, -0.3%). Market breadth is neutral. Of the 2,415 stocks traded today, 1,197 were on the uptick, and 1,179 were down.

Indian indices closed lower after falling throughout the day. The Indian volatility index, Nifty VIX, rose 1.8% and closed at 16.3 points. Dalmia Bharat closed 4.5% higher as its net profit grew 38.1% YoY to Rs 435 crore in Q4FY25, led by lower power & fuel and freight expenses.

Nifty Smallcap 100 and Nifty Midcap 100 closed flat. Nifty Realty and Nifty FMCG Indices were among the top index losers today. According to Trendlyne’s sector dashboard, Hardware Technology & Equipment emerged as the worst-performing sector of the day, with a fall of 2.6%.

Asian indices closed mixed. European indices are trading mixed. US index futures are trading lower, indicating a negative start to the trading session. Investors focus on Trump’s tariff stance and key earnings from Meta, IBM, ServiceNow, and Thermo Fisher. Brent crude futures are trading higher after falling 2.9% on Wednesday.

Pidilite Industries sees a long buildup in its April 24 futures series, with open interest increasing by 68.9% and a put-call ratio of 0.3.
Can Fin Homes' net profit grows 11.9% YoY to Rs 233.9 crore in Q4FY25, beating the Forecaster estimates by 5%. Revenue increases 7.8% YoY to Rs 999.6 crore during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.
Tamilnad Mercantile Bank rises sharply as its Q4FY25 net profit grows 15.3% YoY to Rs 291.9 crore, helped by a 26.8% YoY decline in provisions. Revenue increases 8.8% YoY to Rs 1,542.1 crore owing to improvements in the treasury, retail and corporate banking segments. The bank's asset quality improves as its gross and net NPAs decline by 19 bps YoY and 49 bps YoY, respectively.
Thyrocare Technologies rises sharply as its net profit surges 22.1% YoY in Q4FY25. Revenue increases 21.3% YoY to Rs 187.2 crore, driven by higher sales from the pathology and radiology segments during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding in the past month.
JSW Steel CEO Jayant Acharya highlights that safeguard duties and import tariffs support domestic steelmakers, easing margin pressures. He notes that the company may consider acquiring new coking coal assets if they are strategically and commercially viable. Acharya also expects a moderation in imports due to temporary tariffs.
"Safeguard duty, import tariffs a boost for domestic steelmakers amid margin pressure," says JSW Steel CEO Jayant Acharya. @jswsteel pic.twitter.com/DiymR6c6P5
— ET NOW (@ETNOWlive) April 24, 2025
Supreme Industries rises as its net profit beats Forecaster estimates by 1% despite falling by 17.2% YoY to Rs 293.9 crore in Q4FY25 due to higher raw materials and inventory costs. Revenue increases marginally by 0.6% YoY to Rs 3,027.1 crore, owing to improvements in the packaging products and consumer products segments. It features in a screener of stocks with growing costs YoY for long-term projects.
NTPC Green Energy's board of directors schedules a meeting for April 29 to consider and approve a borrowing limit of Rs 5,000 crore in FY26.
Devyani International is rising as it plans to acquire up to 80.7% stake in Sky Gate Hospitality, the parent company of food brands such as Biryani By Kilo, Goila Butter Chicken, and The Bhojan, for approximately Rs 419.6 crore.
Jefferies downgrades Waaree Energies to 'Underperform' with a target price of Rs 2,100. The brokerage notes high US module inventories and warns that FY26 imports may fall without protection from new tariffs. It also flags that reinstating the Basic Customs Duty from June 2026 could impact demand from H2FY27. Meanwhile, its Q4 order book fell 5% QoQ to 25.6GW amid weaker overseas demand.
Jefferies downgrades Waaree Energies from 'hold' to 'underperform', despite a sharp 25% rally in the stock over the past month.

Read why: https://t.co/UFNwNLjhO9 pic.twitter.com/P3iObTzP47
— NDTV Profit (@NDTVProfitIndia) April 24, 2025
Nestle India's net profit falls 6.5% YoY to Rs 873.5 crore in Q4FY25 due to higher raw materials, employee benefits and depreciation & amortisation expenses. However, revenue rises 4.5% YoY to Rs 5,503.9 crore, owing to improvements in the e-commerce, organised trade, and out-of-home (OOH) segments. It shows up in a screener of stocks with PE higher than industry PE.
Hindustan Unilever falls sharply as its Q4FY25 net profit declines 3.7% YoY to Rs 2,464 crore due to higher raw materials, inventory, and employee benefits expenses. However, revenue grows 3.4% YoY to Rs 15,979 crore, led by improvements in the home care, beauty & wellbeing, and personal care segments. It shows up in a screener of stocks near their 52-week lows.
Bajaj Finance's board of directors schedules a meeting on April 29 to consider a proposal for a bonus issue and stock split of equity shares.
TVS Motor is set to announce its Q4 results on April 28. Analysts at Axis Securities expect a ~15% YoY rise in revenue, driven by a similar increase in volumes and a richer domestic vehicle mix, though partly offset by higher export volumes. EBITDA margins are projected to improve by 77 bps YoY, supported by better operating leverage and cost controls, despite some pressure from margin-dilutive EV scooter sales.
#MarketsWithBS | TVS Motor Q4 preview: Analysts expect 47% jump in profit; check key factors#Stocks #markets #stockmarketindia #stockmarketnews #TVSMotors #Q4Results @KGaurav2806 https://t.co/eHWayHZhq5
— Business Standard (@bsindia) April 24, 2025
Lupin receives US FDA approval for its abbreviated new drug application (ANDA) for Tolvaptan Tablets. The tablet, used to treat kidney diseases, recorded US sales of $1.4 billion in CY24.
Syngene falls sharply as its net profit declines 2.8% YoY to Rs 183.3 crore due to higher tax expenses. However, revenue grows 11.1% YoY to Rs 1,036.9 crore due to an increase in the biologics contract development and manufacturing organization (CDMO) business. The company's management projects single-digit revenue growth in FY26, compared to estimates of 15%.
Radhakishan Damani cuts stake in Sundaram Finance to below 1% in Q4FY25. He held a 2.4% stake in the company in Q3FY25.
UBS upgrades India to ‘Neutral’ from ‘Underweight’, citing recovering domestic demand, stable macroeconomic conditions, and improving consumption. It sees an 8% upside for the Nifty 50 over the next year, targeting 26,000, supported by steady earnings despite global risks.
#UBS upgrades India, reflecting growing optimism around a domestic demand recovery.

It outlined four primary reasons for its renewed confidence.

Read: https://t.co/pv3xQcfIoK pic.twitter.com/nrAt1pe2WM
— NDTV Profit (@NDTVProfitIndia) April 24, 2025
Persistent Systems rises sharply as its Q4FY25 net profit grows 25.5% YoY to Rs 395.8 crore. Revenue increases 24.4% YoY to Rs 3,260.5 crore owing to improvements in the banking, financial services & insurance (BFSI), healthcare & life services, and software, hi-tech & emerging industries segments. It appears in a screener of stocks with increasing revenue over the past eight quarters.
Supreme Petrochem is rising as its net profit beats Forecaster estimates by 28% despite falling 18.7% YoY to Rs 106.9 crore due to inventory buildup in Q4FY25, impacting margins. Revenue decreases 1.5% YoY to Rs 1,539 crore during the quarter. The company appears in a screener of stocks with declining profits every quarter for the past three quarters.
Spandana Sphoorty’s Managing Director (MD) and Chief Executive Officer (CEO), Shalabh Saxena, tenders his resignation, effective April 23. The board appoints Ashish Kumar Damani as the company’s interim CEO.
The Institute of Chartered Accountants of India (ICAI) is set to investigate Gensol Engineering and BluSmart Mobility’s FY24 financials over fraud claims, following SEBI’s findings of fund diversion and governance lapses. This marks the second suo motu case by ICAI’s Financial Reporting Review Board (FRRB) in just over a month, highlighting a push for stronger auditor accountability.
ICAI to probe books of Gensol, BluSmarthttps://t.co/Nic91IT9iM
— Economic Times (@EconomicTimes) April 24, 2025
Samhi Hotels is rising as it partners with Singapore’s sovereign wealth fund GIC to expand and upgrade hotel assets in India. GIC will acquire a 35% stake in three SAMHI subsidiaries for Rs 752 crore. Post-deal, the company expects to reduce debt by Rs 580 crore and achieve a 15–20% increase in profit.
Dalmia Bharat is rising as its net profit grows 38.1% YoY to Rs 435 crore in Q4FY25, led by lower power & fuel and freight expenses. However, revenue declines 5.5% YoY to Rs 4,184 crore due to a reduction in sales volumes. It appears in a screener of stocks with improving cash flow from operations for the last two years.
Tata Consumer Products' net profit grows 59.2% YoY to Rs 344.9 crore in Q4FY25, helped by price hikes. Revenue increases 17.4% YoY to Rs 4,608.2 crore, driven by higher sales from the India and International business segments during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.
LTIMindtree's Q4FY25 net profit grows 4% QoQ to Rs 1,128.5 crore owing to lower sub-contracting and finance costs but misses Forecaster estimates by 2.8%. Revenue increases 1.1% QoQ, helped by improvements in the banking, financial services & insurance (BFSI), technology, media & communications and consumer business segments. It shows up in a screener of stocks where insiders sold their stakes.
Nifty 50 was trading at 24,272.05 (-56.9, -0.2%), BSE Sensex was trading at 79,903.40 (-213.1, -0.3%) while the broader Nifty 500 was trading at 22,218.75 (-18.9, -0.1%).
Market breadth is highly positive. Of the 1,951 stocks traded today, 1,367 were in the positive territory and 534 were negative.

Riding High:

Largecap and midcap gainers today include Thermax Ltd. (3,632, 5.3%), Divi's Laboratories Ltd. (6,215.50, 4.9%) and Dalmia Bharat Ltd. (1,974.10, 4.5%).

Downers:

Largecap and midcap losers today include Hindustan Unilever Ltd. (2,325.30, -4.1%), Macrotech Developers Ltd. (1,320.20, -3.4%) and Varun Beverages Ltd. (532.35, -3.1%).

Volume Rockets

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

Top high volume gainers on BSE included KIOCL Ltd. (284.46, 12.6%), Newgen Software Technologies Ltd. (1,101.40, 10.9%) and MMTC Ltd. (61.85, 10.8%).

Top high volume losers on BSE were Syngene International Ltd. (653.40, -12.8%), Hindustan Unilever Ltd. (2,325.30, -4.1%) and Laurus Labs Ltd. (645.50, -0.8%).

Natco Pharma Ltd. (902.85, 6.9%) was trading at 49.0 times of weekly average. GlaxoSmithKline Pharmaceuticals Ltd. (2,916, 2.4%) and Tamilnad Mercantile Bank Ltd. (456.55, 3.6%) were trading with volumes 19.6 and 12.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

12 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Bajaj Finance Ltd. (9,301, -0.2%), Bajaj Finserv Ltd. (2,105, 0.2%) and Divi's Laboratories Ltd. (6,215.50, 4.9%).

16 stocks climbed above their 200 day SMA including Newgen Software Technologies Ltd. (1,101.40, 10.9%) and Tamilnad Mercantile Bank Ltd. (456.55, 3.6%). 9 stocks slipped below their 200 SMA including Blue Star Ltd. (1,849.60, -3.9%) and 360 One Wam Ltd. (1,018.25, -3.9%).

24 Apr 2025

Chart of the week: Top performing PSE stocks over the past 5 years

By Abdullah Shah

Over the past five years, Indian Public Sector Enterprises (PSEs) delivered high growth, with the Nifty PSE index surging 313.6%. Growth was especially strong in sectors that aligned well with national priorities, like defence production, renewable energy expansion, and infrastructure expansion.

Tapan Doshi, founder of Thoughtful Investors Hub (TIH), notes, "In the last two years, PSU stocks have gone up due to strong performance, government reforms, and a significant capital expenditure push from the government. Stocks from the railways, power utilities, power financiers, defense, shipbuilding, and public sector banks have seen rerating during this period,"

In this edition of chart of the week, we take a look at the five-year returns and price trends of the Nifty PSE index constituents from 2020 to 2025.

2020 was a bad year for Nifty PSE, weighed down by sluggish government spending and muted demand during the nationwide lockdown. However, by 2023, the index had staged a strong comeback (+79.9%), posting its best performance since 2007, powered by a revival in government capex and a surge in order inflows.

Speaking on the performance of PSEs, Prime Minister Narendra Modi noted, “PSU shares at a time were synonymous with falling prices. But now, in the stock market, their value is rising several times.”

However, the sector is facing pressure in 2025 due to increased global market volatility, import tariffs imposed by the US and a reduction in government capex in FY26. Companies like Hindustan Aeronautics and Rail Vikas Nigam have also faced issues with order execution delays.

When a 5-year time frame is considered, defence stocks such as Hindustan Aeronautics and Bharat Electronics emerge as the top performers, fueled by higher government capex in the sector and a strong push for domestic manufacturing.

Close behind are government-backed railway stocks (Rail Vikas Nigam and Indian Railway Finance Corp), which gained momentum with rising capex and order wins.

Energy and power finance stocks (Bharat Heavy Electricals, Power Finance Corp and REC) also saw notable gains, supported by the Centre’s focus on expanding the share of renewable energy and meeting growing power demand.

'Make in India' push propels defence stocks to new highs

Defence stocks like Hindustan Aeronautics (HAL) and Bharat Electronics (BEL) have given multibagger returns of more than 1,000% in the last five years. Fueling this rally is the Centre’s aggressive push for indigenous defence manufacturing under the ‘Make in India’ initiative. The government has increased its defence capex from Rs 1.2 lakh crore in FY21 to Rs 3.7 lakh crore in FY26.

HAL’s stock price surged 1,468.4% in the past five years, with the largest jumps coming in 2022 (109.6%) and 2023 (121.3%). This aerospace & defence stock’s order book stands at Rs 1.3 lakh crore in 9MFY25, 151.6% higher than its order book in FY20. It secured orders worth Rs 55,800 crore during 9MFY25, including contracts for AL 31 FP Engines, SU-30 MKI aircraft, repair and overhaul (ROH) spares, and development (D&D) services.

BEL’s stock price jumped 1,099% over the past five years, with the government’s focus on self-reliance in defence manufacturing. The aerospace & defence company delivered annual returns ranging from 40% to 85% during 2021-24, led by a 36.8% rise in its order book to Rs 71,100 crore from FY20 to 9MFY25.

Both HAL and BEL’s stock prices have shown resilience amid recent market volatility, and are slightly up in 2025.

Railway PSEs surge due to higher government spending

Rail Vikas Nigam (RNVL) has shown a strong stock performance over the past five years, surging 2,011.9%. The Indian government’s initiatives, like railway electrification and the introduction of the Vande Bharat train, contributed to this growth.?

The construction & engineering company’s stock price rose the most in 2023 (166.1%) and 2024 (133.1%), helping to emerge as a multibagger in two straight years.

The government increased railway capex from Rs 1.6 lakh crore in FY21 to Rs 2.7 lakh crore in FY26, marking a sharp increase in government orders. RVNL’s order book expanded by 76% from Rs 55,000 crore in FY22 to Rs 96,780 crore in 9MFY25.

However, its stock price is down 11.6% in 2025 due to poor market conditions triggered by the US imposing import tariffs. Investors are also concerned about the company’s order execution, given the size of the order book, which is 4.8x of its trailing twelve-month (TTM) revenue of Rs 21,303.2 crore.

Indian Railway Finance Corp (IRFC) also benefited from increased government spending in the railways segment, surging by 408.9% over the past five years. This financial institution is the financing arm of Indian Railways, financing approximately 80% of the Indian Railways’ projects. The company’s assets under management (AUM) have jumped 6.5x, from Rs 70,471 crore in FY20 to Rs 4.6 lakh crore in FY24.

Government orders boost power and finance PSEs

Bharat Heavy Electricals’ (BHEL’s) stock has jumped 952.2% over the past five years, owing to its expansion into the renewable energy and defence segments. However, this heavy electrical equipment company’s price declined by 17.4% in 2020 due to higher demand for renewable energy sources and the company’s reliance on thermal energy projects.

BHEL recovered to give strong returns of 64.7% and 144.3%, respectively, in 2021 and 2023, with a modest 33.9% rise in 2022. Its order book expanded by 81.8% from Rs 1.1 lakh crore in FY20 to Rs 2 lakh crore in 9MFY25. This includes orders for solar and hydro power projects, a contract for Vande Bharat trains, and gun mounts for the Indian Navy.

REC and Power Finance Corp’s (PFC’s) saw their stock prices soar 542.1% and 526.3%, respectively, over the last five years. The government’s focus on alternative energy production and higher spending on infrastructure development drove share price gains. These financial institutions provide financial assistance to the power, logistics and infrastructure sectors.

The companies’ shares fell in 2020 due to a halt in projects caused by the COVID-19 lockdown. However, REC and PFC recovered in the following years as their disbursements nearly doubled to Rs 1.6 lakh crore and Rs 1.3 lakh crore, respectively, in FY24, compared to Rs 82,140.8 crore and Rs 67,997, respectively, in FY20.

Oil India has risen by 604.7% over the past five years, despite the exploration & production company declining by 30% in 2020 after the lockdown lowered oil demand, and caused crude oil prices to fall to $18.8 per barrel. However, the stock recovered in the following years, as the lockdown was lifted and oil prices rebounded. Oil India delivered returns of more than 70% in 2021, 2023 and 2024. The company also secured nine exploration blocks under the Open Acreage Licensing Policy (OALP) Round IX, expanding its exploration footprint by over 51,000 sq km.

23 Apr 2025

Knock knock: India has an opportunity amid US policy chaos | Screener: Rising stocks that are FII faves

"They have been ripping us off", is what US President Trump said about the rest of the world, when he imposed his trade tariffs on April 2. "Our country won't be laughed at anymore."

Trump, a master of grievance and complaint, was talking about the world's richest country, which holds a privileged status in the global finance system - since the US dollar is the international reserve currency.

Over the next few weeks, Trump quickly learned what it meant for the US to be treated like just another country. His tariffs triggered a market meltdown that has threatened the unique status of the US as the investment destination of choice. The dollar fell, and US bonds weakened, increasing the government's borrowing costs. Stocks tanked. Markets only recovered when Trump backed off most of his tariffs - and then fell again last week when he threatened to fire Jerome Powell, the Chair of the Federal Reserve.

Foreign investors own about 30% of American investments, which comes to $19 trillion of US equities, and $7 trillion of Treasuries. With his arbitrary policy decisions -- where he posts his plans on social media, and not even his advisers seem to know what is coming next -- Trump threatens the "safe haven" reputation the US has with foreign investors, which the country spent over half a century nurturing.

That old line - in times of crisis comes opportunity - is valid here. While an unpredictable administration hits US growth (Citigroup Global Economist Robert Sockin expectstariffs could drive US GDP growth to zero this year), investors and companies are in search of alternatives. The IMF now sees China and India contributing a bigger share of global growth, and it has revised the contribution from the US downward.

In this week's Analyticks:

Knock, knock: As trust in US fades, India has an opportunity

Screener: Stocks outperforming the benchmark index, with FIIs buying stakes in Q4FY25

Investors look beyond the US, as the Trump effect grips global markets

In the past three months, US stocks have taken the biggest beating while Indian and Chinese indices rose. The US Mag7, the stars of 2024, plunged.

Meanwhile, FIIs, which had pulled large amounts out of India in recent months, have recently reversed course, buying $2 billion worth of Indian equities in just the past four sessions. This is being driven by investors diversifying their holdings amid US volatility, and Trump favouring India as among the first countries it wants a trade deal with, even as it freezes China out with 145% tariffs.

There are of course, challenges for India in dealing with an unpredictable Trump administration. Still, India shouldn't ignore it when someone knocks so hard on the door of opportunity, even if the person knocking is a bit erratic.

The Indian opportunity amid the trade chaos

India has a lot of catching up to do when it comes to China. China's GDP of $18.5 trillion is 4X India’s, and it has 11% of global trade, to India’s 2.7%.

But China's weakening relationship with the US, and the UK and EU searching for new trading partners as the Trump tariffs kick in, give India a chance to sign multiple deals, and pivot from its domestic market to the world. The potential win from such a strategy shift is huge.

China has long targeted the $100 trillion global economy for growth while India relies on its $4 trillion domestic market. As a result, India's manufacturing exports have been weak, and local private investment has not taken off.

India's anxiety around opening up its economy has hurt it considerably for decades. In 2019, it refused to join the RCEP trade agreement — a free trade agreement that includes China, Japan, South Korea, Singapore and South East Asia —citing concerns about excessive Chinese imports. The Peterson Institute projected at the time, that India’s yearly income would increase by $60 billion — around 1.1 percentage points in real GDP gains by 2030 — if it joined the agreement. It has also dragged its feet on FTAs with UK and Europe, because of its reluctance to lower tariffs on its domestic market.

China's focus on exports has led it to automate its manufacturing plants at high speed, pushing prices even lower. China's new robot powered factories — called 'dark factories' because robots don't need electric lights to work — run 24/7, seven days a week. The focus on world markets has helped China become competitive beyond toys and consumer goods. It has made it hard to beat in cars, chips, and increasingly, AI and robot tech.

The risks India faces in being left behind, have never been higher. The US tariff war is a chance for us to fix old, self-damaging habits. Trump is not incorrect in calling India a "tariff king". Consider the auto sector, a source of his anger. The tariffs India places on imported automobiles go as high as 110%, making most imported vehicles unaffordable to Indians. It is why India imports only 15,000 cars a year, even as it sold 4.3 million passenger vehicles last year.

Our over-focus on protecting our domestic market has kept us excessively uncompetitive, favouring Indian industrialists over Indian consumers. Our tariff wall suggests a paranoia about our ability to compete with the world, even as we constrain our startups and SMEs with tough local rules. A more relaxed approach would allow India to create an environment similar to what drove China's export growth - by giving consumers more choice, manufacturers more import flexibility, and domestic industries more competition.

We need to look beyond our local backyard. Trump has now spotlit India as a potentially major trading partner. We should leverage this opportunity amid the chaos to rapidly sign trade deals with the US, UK and Europe.

Screener: Stocks outperforming the benchmark index, with FIIs buying stakes in Q4FY25

FIIs increase stakes in fertilizers and banking stocks

As the Q4FY25 earnings season gets underway, we take a look at stocks where foreign institutional investors (FIIs) are increasing their holdings. These stocks have strong performance and institutional confidence, despite broader market uncertainty. This screener shows stocks outperforming the Nifty 50 index, where FIIs are buying stakes QoQ in Q4FY25.

The screener shows stocks from the fertilizers, finance, pharmaceuticals, housing finance, and electric utilities industries. Major companies that show up in the screener are Aptus Value Housing Finance India, AWL Agri Business, Coromandel International, Chambal Fertilisers & Chemicals, Vijaya Diagnostic Centre, Poonawalla Fincorp, UPL and Credit Access Grameen.

Aptus Value Housing Finance’s FII holding increased 5.9 percentage points QoQ in Q4FY25. This housing finance company is also up 16.7% over the past quarter. Malabar Investment was the largest buyer of a 6% stake in the firm through its funds, Malabar India Fund and Malabar Select Fund. The Forecaster expects its revenue to grow 22.5% YoY in Q4FY25. The company is set to announce its Q4 results on May 1.

Vijaya Diagnostic Centre also shows up in the screener after FIIs increased their holding by 180 bps QoQ to 19.4% in Q4FY25. The healthcare services provider has risen 8.4% over the past quarter. The most notable buyer of the stock was The Prudential Assurance Company, buying a 1.1% stake. Trendlyne’s Forecaster estimates the company’s revenue to grow by 16.5% YoY in Q4FY25, driven by higher volumes from the radiology and pathology segments.

You can find more screeners here.

23 Apr 2025

Market closes higher, PNC Infratech bags a Rs 240 crore order from PWD, Rajasthan

Nifty 50 closed at 24,328.95 (161.7, 0.7%), BSE Sensex closed at 80,116.49 (520.9, 0.7%) while the broader Nifty 500 closed at 22,237.60 (152.5, 0.7%). Market breadth is neutral. Of the 2,431 stocks traded today, 1,210 were in the positive territory and 1,186 were negative.

Indian indices closed higher after erasing losses in the afternoon session. The Indian volatility index, Nifty VIX, surge 4.8% and closed at 16 points. HCL Technologies closed 7.7% higher as its Q4FY25 revenue grew 1.1% QoQ to Rs 30,695 crore, helped by improvements in the IT & business services and engineering & R&D services segments.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, following the benchmark index. Nifty IT and BSE Auto were the best-performing indices of the day. According to Trendlyne’s sector dashboard, Software & Services emerged as the best-performing sector of the day, with a rise of 3.6%.

European indices are trading higher, except for Russia’s RTSI and MOEX indices, which are down 1% each. Major Asian indices closed in the green. US index futures are trading higher, indicating a positive start to the session after President Donald Trump backs off his threat to fire Federal Reserve Chief, Jerome Powell.

Money flow index (MFI) indicates that stocks like Asahi India Glass, Gujarat Mineral Development Corp, Data Patterns India, and Bharti Hexacom are in the overbought zone.
Aditya Birla Capital is rising as it receives a certificate of registration from the Insurance Regulatory and Development Authority of India (IRDAI) to act as a corporate agent.
Rajesh Power secures a Rs 1,116 crore order from government and institutional customers for the supply, installation, testing, and commissioning of underground and overhead electrical cables in Gujarat.
Maharashtra Scooters is rising as its net profit surges 5X YoY to Rs 51.6 crore in Q4FY25 due to an exceptional items gain of Rs 57.7 crore. Revenue increases 28.4% YoY to Rs 6.7 crore, driven by higher sales from the investments segment during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding in the past month.
Electric scooter maker Ather Energy sets the price band for its IPO at Rs 304–321 per share. The IPO opens for subscription on April 28 and closes on April 30. The issue includes a fresh equity raise of Rs 2,626 crore and an offer for sale (OFS) of 1.1 crore shares.
Electric scooter maker Ather Energy has set the price band for its initial public offering at Rs 304-321 per share.https://t.co/dCYjkRESUT
— ETMarkets (@ETMarkets) April 23, 2025
Bharti Hexacom rises to hit its all-time high of Rs 1,697.9 as it, along with Bharti Airtel, signs deals with Adani Data Networks to acquire rights to use 400 megahertz (MHz) spectrum in the 26 GHz band across six circles.
Suven Pharmaceuticals receives approval from the Department of Pharmaceuticals to raise foreign investment above 74% after its merger with Cohance Lifesciences. Foreign institutional investors hold an 11.1% stake as of Q4FY25.
Suzlon bags a 378 MW wind energy order from NTPC Green Energy. The company will supply 120 S144 Wind Turbine Generators (WTG) with hybrid lattice towers (HLT), each with a rated capacity of 3.15 MW, and also undertake the commissioning of the project.
The World Bank cuts India’s FY26 growth forecast by 40 basis points to 6.3%, noting that benefits from monetary easing and regulatory reforms are offset by global economic weakness and policy uncertainty. The World Bank's growth projections for the current fiscal year are lower than RBI's recent forecast of 6.5%. However, these projections are close to the lower band of the forecast range (6.3-6.8%) given in the Economic Survey.
World Bank on Wednesday cut India’s growth forecast by 40 basis points (bps) to 6.3 per cent for the current fiscal year 2025-26 (FY26). @shishirs2

Click here to read more: https://t.co/SHyaybTIcn
— businessline (@businessline) April 23, 2025
Tata Communications' Q4FY25 net profit surges 3.2x YoY to Rs 1,040.3 crore owing to exceptional gains from the sale of its properties and Chennai and its subsidiary, Tata Communications Payments Solutions. Revenue grows 6.3% YoY to Rs 6,059.2 crore, helped by improvements in the data services and campaign registry segments. It features in a screener of stocks with rising quarterly net profit and profit margin.
PNC Infratech is rising as it secures an order worth Rs 239.9 crore from the Public Works Department, Rajasthan, to construct a flyover from Heeradas Chouraha to Kumher Gate Chouraha in Bharatpur.
Aurobindo Pharma receives final approval from the US FDA to manufacture and market Dasatinib Tablets. The tablet is used to treat certain types of blood cancer, like leukemia. According to IQVIA, the drug has a market size of $1.8 bn as of February 2025.
India’s flash Composite PMI for April hits an 8-month high of 60, up from 59.5 in March. The Manufacturing PMI climbs to 58.4 from 58.1, signalling robust factory activity supported by strong new orders and output. Meanwhile, the Services PMI rises to 59.1 from 58.5, indicating sustained growth in the services sector.
#NewsAlert | ???? India’s April flash Composite PMI jumps to 60.0 from 59.5 in March.#IndiaEconomy #PMI #Markets pic.twitter.com/MPVtOVlPCt
— ET NOW (@ETNOWlive) April 23, 2025
Ashish Kacholia adds Infinium Pharmachem, Naman In-store, and Z-Tech to his portfolio in Q4FY25. He buys 4.6%, 8.3%, and 3.5% stakes in these companies, respectively.
Motilal Oswal initiates coverage on Niva Bupa Health Insurance with a 'Buy' rating and a target price of Rs 100. The brokerage expects gross written premium (GWP) to grow at a CAGR of 25% over FY25-28, driven by strong distribution management.
AU Small Finance Bank rises sharply as its net profit grows by 35.9% YoY to Rs 503.7 crore in Q4FY25. Revenue increases by 48.6% YoY to Rs 5,031.3 crore, driven by improvements in the treasury, wholesale, and retail banking segments. The bank's asset quality deteriorates as its gross and net NPAs expand by 61 bps and 19 bps YoY, respectively, during the quarter.
Commerce Secretary-designate Rajesh Agrawal is set for three days of bilateral trade talks in the US. He will lead high-level negotiations with the USTR team, focusing on key issues such as greater market access for US agricultural goods, lowering baseline tariffs, and reducing non-tariff barriers.
India-US crucial three-day trade negotiations kick off.

For the latest news and updates, visit: https://t.co/by4FF5oyu4 pic.twitter.com/8DiPCygGOT
— NDTV Profit (@NDTVProfitIndia) April 23, 2025
Caplin Point Laboratories receives US FDA approval for its abbreviated new drug application (ANDA) for Phytonadione Injectable Emulsion. The injection is used to treat bleeding caused by Vitamin K deficiency in newborns. According to IQVIA, the drug recorded US sales of $18.5 million for the year ending February 2025.
Cyient DLM is rising as its net profit grows 36.5% YoY to Rs 31 crore in Q4FY25 due to lower material costs. Revenue increases 18.3% YoY to Rs 428.1 crore, driven by higher sales from the aerospace segment during the quarter. The company appears in a screener of stocks with increasing profits every quarter for the past three quarters.
M&M Financial Services is falling as net profit declines 50.1% QoQ to Rs 457.2 crore in Q4FY25 due to higher credit costs and a loss of Rs 152.1 crore in its housing finance subsidiary. However, revenue rises 2% QoQ to Rs 4,896.8 crore, driven by a higher loan book. The company appears in a screener of stocks where mutual funds have increased their shareholding over the past quarter.
Cyient DLM CEO Anthony Montalbano highlights a one-off 200 bps boost in Q4FY25 margins and operational efficiency gains. He projects FY25 margins in the 10–12% range. Montalbano expects a recovery in the orderbook from Q2FY26, helped by growing traction in the US market and ongoing discussions that could convert into business.
Cyient DLM says

???? Q4FY25 margins had a 200 bps one off positive impact

???? Guides for 10%-12% margins in FY25

???????? Witnessing some traction in the US business, possible that discussions fructify into businesshttps://t.co/9XCfxGgPIb
— Nigel D'Souza (@Nigel__DSouza) April 23, 2025
Waaree Energies rises sharply as its net profit grows 34.1% YoY to Rs 618.9 crore in Q4FY25 due to inventory destocking and lower purchase of trading goods. Revenue increases 36.4% YoY to Rs 4,003.9 crore, driven by a 52.6% YoY surge in production during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding over the past two months.
Ashoka Buildcon is rising as it receives a Letter of Award (LoA) worth Rs 568.8 crore from Central Railway for a gauge conversion project between Pachora and Jamner in Maharashtra.
HCL Technologies rises sharply as its Q4FY25 revenue grows 1.1% QoQ to Rs 30,695 crore, helped by improvements in the IT & business services and engineering & R&D services segments. However, net profit falls 6.2% QoQ to Rs 4,307 crore due to higher employee benefits and tax expenses. It appears in a screener of stocks outperforming their industries over the past quarter.
Havells India's net profit rises 15.9% YoY to Rs 517.8 crore in Q4FY25. Revenue increases 20.2% YoY to Rs 6,543.6 crore, driven by higher sales in the switchgears, cables, and Llyod consumer segments during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.
Markets rise on early trading, Nifty 50 was trading at 24,313.50 (146.3, 0.6%) , BSE Sensex was trading at 80,142.09 (546.5, 0.7%) while the broader Nifty 500 was trading at 22,218.25 (133.1, 0.6%)
Market breadth is overwhelmingly positive. Of the 1,971 stocks traded today, 1,552 were on the uptick, and 375 were down.

Riding High:

Largecap and midcap gainers today include Au Small Finance Bank Ltd. (665.45, 8.4%), HCL Technologies Ltd. (1,594, 7.7%) and Coforge Ltd. (7,392, 6.3%).

Downers:

Largecap and midcap losers today include Muthoot Finance Ltd. (2,191.40, -3.6%), Voltas Ltd. (1,299, -3.4%) and Havells India Ltd. (1,612, -3.2%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Au Small Finance Bank Ltd. (665.45, 8.4%), HCL Technologies Ltd. (1,594, 7.7%) and Latent View Analytics Ltd. (420.50, 7.2%).

Top high volume losers on BSE were Jammu & Kashmir Bank Ltd. (103.18, -9.6%), J B Chemicals & Pharmaceuticals Ltd. (1,585.50, -4.3%) and Havells India Ltd. (1,612, -3.2%).

Supreme Petrochem Ltd. (633.45, 4.4%) was trading at 13.3 times of weekly average. Eris Lifesciences Ltd. (1,476.90, 5.5%) and Maharashtra Scooters Ltd. (11,660, 2.0%) were trading with volumes 8.4 and 7.6 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,

Stocks touching their year highs included - HDFC Bank Ltd. (1,923.90, -1.9%), JK Cement Ltd. (5,081.60, -1.4%) and UPL Ltd. (679.90, 1.1%).

23 stocks climbed above their 200 day SMA including Motilal Oswal Financial Services Ltd. (769, 6.2%) and Sapphire Foods India Ltd. (340, 5.6%). 11 stocks slipped below their 200 SMA including PCBL Chemical Ltd. (409.95, -2.8%) and Bharat Petroleum Corporation Ltd. (300.45, -1.9%).

22 Apr 2025

Five stocks to buy from analysts this week - April 22, 2025

By Ruchir Sankhla

1. Indian Hotels Company:

Motilal Oswal reiterates its ‘Buy’ rating on this hotel company with a target price of Rs 950, indicating an upside potential of 13.9%. Analysts Sumant Kumar and Meet Jain highlight that the room addition through management contracts grew 18% CAGR from FY19-24, compared to just 2% for owned hotels.

The analysts note that Ginger Hotels, run by its subsidiary Roots Corp, has delivered 13% revenue CAGR and 55% EBITDA CAGR over the same period. By FY27, the company plans to add 874 new rooms under the Ginger brand. Overall, Indian Hotels plans to add nearly 8,000 rooms by FY27, with over 85% of these through management contracts.

The company is focusing on its premium verticals like The Chambers and Taj SATS, whose contribution to total revenue is projected to rise to 12-14% by FY30 from the current 2%. The company is also increasing its stake in its international and domestic subsidiaries like PIEM Hotels, International Hotel Operating Company BV (IHOCO BV), and Taj Cape Town to gain better control and align them with its growth plan. Kumar and Jain expect the company to clock a CAGR of 18% in revenue, 24% in EBITDA, and 26% in net profit over FY25-27.

2. Zydus Lifesciences:

Geojit BNP Paribas upgrades its rating to ‘Buy’ on this pharma company with a target price of Rs 975, an upside of 14.3%. In March, Zydus acquired an 85.6% stake in France-based Amplitude Surgical for Rs 2,430 crore, marking its entry into the med-tech sector with a focus on hip implants. Analysts believe this move will open up new growth opportunities and support the company’s long-term prospects. They also highlight Zydus expanding its nephrology and cardiology segments through organic and inorganic moves.

In Q3FY25, the company’s revenue grew 17% YoY to Rs 5,269 crore, driven by strong performance in its pharmaceuticals and consumer products segments. EBITDA margin improved by 180 bps to 26.3%. Trendlyne’s Forecaster estimates the company’s net profit to rise by 10.7% YoY in Q4FY25, with revenue growth of 17.3%.

During the December quarter, the company filed 10 abbreviated new drug applications (ANDAs) and received approval for three new products. Analysts project its revenue to grow at a 4.8% CAGR over FY25-27.

3. HDFC Life Insurance:

KR Choksey reiterates its ‘Buy’ rating on this life insurance firm with a target price of Rs 831, indicating a potential upside of 16%. In Q4FY25, the company’s gross written premium (GWP) grew by 14.8% YoY to over Rs 24,000 crore, thanks to stronger individual and group businesses. The value of new business (VNB) grew by 11.6%, driven by strong growth in annualised premium equivalent (APE or the total annual premium from new policies sold).

Analyst Ishank Gupta notes that HDFC Life outperformed both the private sector and the overall insurance sector in terms of APE growth, thanks to strong sales efforts. The company anticipates continued growth in coverage plans, with increasing demand for life insurance products in Tier 1, Tier 2, and Tier 3 cities.

Gupta highlighted that HDFC Life expects range-bound margins in the short term due to ongoing investments in sales and technology. However, long-term margins are expected to improve with the success of its technology upgrades under its Project Inspire initiative.

4. Vishal Mega Mart:

ICICI Securities maintains its ‘Buy’ rating on this department store chain with a target price of Rs 140, indicating an upside potential of 24.3%. Analysts Manoj Menon, Dhiraj Mistry and others highlight the company’s private label strategy in the fast-moving consumer goods (FMCG) segment sets it apart from its competitors and improves footfall. The FMCG segment contributes about 27% of total revenue.

The company focuses on selling large pack sizes in its FMCG range, targeting monthly consumption needs of middle-class families. This value-for-money approach has increased store footfalls and helped attract new customers to other categories like general merchandise and apparel. The model replicates to some extent, the highly successful business model of Costco in the US.

The analysts note that the V-Mart’s private label food products are made by reputed manufacturers, to maintain quality and ensure repeat purchases. As a result, the private label revenue contribution in FMCG has reached nearly 40%, offering better margins compared to its peers. While larger players like DMart and Reliance Retail benefit from scale, V-Mart stands out for its focus on private labels, allowing it to offer better value in a price-sensitive market.

5. Kansai Nerolac Paints:

Asit C. Mehta Investment Intermediates maintains a ‘Buy’ rating on this paint company with a target price of Rs 335. This indicates an upside potential of 24.1%. Analyst Mrunmayee Jogalekar notes that Kansai Nerolac Paints (KNP) holds the top position in India’s automotive and powder coatings market, and the third position in the decorative and general industrial segments.

The management aims to position KNP as the second-largest player in the Indian paint industry by 2030. The company targets a 10% growth in annual revenue and an EBITDA margin of 18% compared to the current level of 14% in FY24. KNP plans to strengthen its presence in the general industrial and high-performance coatings segments.

Jogalekar expects KNP’s performance to improve from H2CY25, supported by expectations of a favorable monsoon and reduced competitive pressures. He estimates KNP's revenue to grow at a 9.5% CAGR and net profit to grow at a 15% CAGR over FY25- 27.

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

(You can find all analyst picks here)

22 Apr 2025

Market closes higher, Pitti Engineering's revenue surges 43% YoY to Rs 468.8 crore in Q4

Nifty 50 closed at 24,167.25 (41.7, 0.2%), BSE Sensex closed at 79,595.59 (187.1, 0.2%) while the broader Nifty 500 closed at 22,085.15 (79.4, 0.4%). Market breadth is in the green. Of the 2,452 stocks traded today, 1,516 were on the uptick, and 897 were down.

Indian indices closed in the green. The Indian volatility index, Nifty VIX, fell 1.9% and closed at 15.2 points. Dixon Technologies (India) closed over 5% higher amid reports that Alphabet (Google's parent company) may shift part of its Pixel smartphone production from Vietnam to India due to potential US tariff hikes.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green. Nifty FMCG and Nifty Auto closed higher. According to Trendlyne’s sector dashboard, Telecommunications Equipment emerged as the best-performing sector of the day, with a rise of 2.7%.

European indices are trading mixed. Major Asian indices closed mixed. US index futures are trading higher, indicating a positive start to the session. Tesla, Verizon Communications, Capital One, Lockheed Martin and Intuitive Surgical are set to report their earnings later today. Brent crude futures are trading higher after sharp losses in the last session, but caution remains amid global economic uncertainty driven by US trade tariffs.

Emkay upgrades Devyani International to a 'Buy' rating with a target price of Rs 200 per share. The brokerage believes that the acquisition of ‘Biryani By Kilo’ (BBK) and a return to mid-teen growth for the India business in FY26 will drive growth. BBK’s revenue grew at a 55% CAGR from FY19 to FY24, reaching Rs 300 crore.
Brigade Enterprises is rising as it signs a joint development agreement for a plotted development project in Malur, East Bengaluru. The project spans approximately 20 acres, with a gross development value (GDV) of around Rs 175 crore and a total development potential of 0.5 million square feet.
Voltas and Blue Star rise sharply as the government plans to relax Bureau of Indian Standards (BIS) norms for ACs and AC components below two tonnes.
HDFC Bank becomes the third Indian company to surpass a market capitalization of Rs 15 lakh crore, following Reliance Industries and Tata Consultancy Services (TCS). This comes after the stock hit a record high, driven by a 12% rally over six days.
HDFC BANK Market Capitalization Hits Rs 15 Lakh Crores

This is India's Third Company after RIL, TCS to hit this market cap level#HDFC #MARKETS #NIFTY #INDIA #STOCKS
— Yatin Mota (@yatinmota) April 22, 2025
Jupiter Wagons halts production at its Jabalpur plant for 15–20 days due to unavoidable circumstances, potentially affecting operations.
Mahindra Logistics’ revenue grows 8.1% YoY to Rs 1,571 crore in Q4FY25 due to a rise in third-party logistics and express services. Net loss narrows to Rs 6.8 crore during the quarter. The company appears in a screener of stocks where mutual funds increased stakes in Q4FY25.
Pitti Engineering is rising as its revenue surges 43% YoY to Rs 468.8 crore in Q4FY25, driven by a 50.3% YoY increase in sales volume to 17,185 metric tonnes. However, net profit falls 10.5% YoY to Rs 36.1 crore due to higher material costs and employee benefit expenses during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.
The government imposes a 12% provisional safeguard duty on select non-alloy and alloy steel flat products for 200 days, effective April 21, to curb low-cost imports, especially from China and Vietnam. The move follows a DGTR investigation that found imports surged to 9.5 million tonnes in FY25, the highest since FY16, posing a threat to domestic manufacturers.
Government imposes 12% safeguard duty on some #steel imports to prevent Chinese dumping.

Here's @Rish_Bhat with all the details.

Read more: https://t.co/TWO54NDVCv pic.twitter.com/Vy6348HktA
— NDTV Profit (@NDTVProfitIndia) April 21, 2025
Sunil Singhania cuts stake in Uniparts India to below 1% in Q4FY25. He held a 1.8% stake in the company in Q3FY25.
IndusInd Bank falls as reports suggest that Ernst & Young (E&Y) will conduct a second forensic audit into a Rs 600 crore discrepancy in its microfinance portfolio. This follows an ongoing audit by Grant Thornton Bharat into irregularities in the bank’s forex derivatives portfolio.
Tata Investment Corp falls as its revenue drops by 71.2% YoY to Rs 16.4 crore in Q4FY25 due to a decline in interest income and loss on fair value changes. Net profit decreases 37.6% YoY to Rs 37.7 crore during the quarter. It shows up in a screener of stocks with PE higher than industry PE.
UBS sees a rebound in the consumer sector. It highlights that potential income boosts from lower taxes and the upcoming eighth pay commission over the next three years could drive demand across multiple categories and support an extended phase of earnings growth. The brokerage favours value retailers Avenue Supermarts and Trent, citing their resilient, value-focused retail models as key beneficiaries of this income stimulus.
#MarketsWithMC | Consumption to rebound in FY26 on tax boost, income stimulus; upgrade HUL, ITC: UBS

Read for more ????https://t.co/jzONvBswvq #IncomeTax #FY26
— Moneycontrol (@moneycontrolcom) April 22, 2025
Arkade Developers is rising as its pre-sales increase 19.8% YoY to Rs 773 crore in FY25, driven by a 22.7% growth in area sold. Collections surge 21.8% to Rs 716 crore.
Hindustan Unilever is rising as it acquires a 90.5% stake in Uprising Science for a cash consideration of Rs 2,706.4 crore.
RBL Bank is falling as 2.3 crore shares (3.9% stake) worth approximately Rs 432.4 crore reportedly change hands in a block deal at an average price of Rs 188 per share. British International Investment is likely the seller in the transaction.
Jefferies downgrades Bajaj Auto and Hero MotoCorp to 'Hold' and 'Underperform' with target prices of Rs 7,500 and Rs 3,200, respectively. The brokerage attributes a weaker growth outlook for the two-wheeler industry. It lowers its volume growth estimates for the 2W industry for FY26-27 by 6 and 2 percentage points, respectively, while still projecting a 10% CAGR over FY25-28.
Jefferies downgrades Bajaj Auto and Hero Moto, maintains 'buy' on Eicher and TVS Motor.

For more, visit our Research Reports section: https://t.co/x9gNkEkqzy pic.twitter.com/Vzufx7mdEN
— NDTV Profit (@NDTVProfitIndia) April 22, 2025
360 One Wam signs a deal to acquire UBS AG’s India wealth management business for Rs 307 crore. The acquisition includes stock broking and portfolio management services, with assets under management (AUM) of Rs 26,000 crore. UBS will acquire 2.1 crore warrants, convertible into about a 5% stake in 360 One Wam, valued at Rs 2,112 crore.
Tata Power is rising as its subsidiary, Tata Power Renewable Energy, enters a power purchase agreement (PPA) with Tata Motors to set up a 131 MW wind-solar hybrid project.
Waaree Energies rises sharply as the US imposes anti-dumping duties on solar equipment imports from Cambodia, Vietnam, Malaysia, and Thailand. The US imposes new duties as high as 3,521% on solar imports from these Southeast Asian countries. As of 9MFY25, Waaree Energies generated 21% of its revenue from the international market.
Dixon Technologies (India) rises over 4% amid reports that Alphabet (Google's parent company) may shift part of its Pixel smartphone production from Vietnam to India due to potential US tariff hikes. With India offering lower tariffs (26% vs. Vietnam’s 46%), the country is becoming a more cost-effective manufacturing base. Through its subsidiary Padget Electronics, Dixon currently produces 43,000-45,000 Pixel units monthly and is in talks with Foxconn to scale up production.
#CNBCTV18Market | Dixon Tech up 6% on rpts of Alphabet moving some production to India from Vietnam pic.twitter.com/qN2fgso8kK
— CNBC-TV18 (@CNBCTV18Live) April 22, 2025
Persistent Systems is rising as it receives approval from the National Company Law Tribunal (NCLT) for a merger with its subsidiary, Capiot Software.
HG Infra Engineering emerges as the qualified bidder by Gujarat Urja Vikas Nigam to set up a standalone battery energy storage system in the state with a 300 MW/600 MWh capacity.
Anant Raj is rising as its net profit grows 51.5% YoY to Rs 118.6 crore in Q4FY25, driven by lower sales and finance costs. Revenue increases 22.2% YoY to Rs 540.7 crore during the quarter. The company appears in a screener of stocks with increasing revenue every quarter for the past four quarters.
Himadri Speciality Chemical's net profit rises 35.1% YoY to Rs 155.6 crore in Q4FY25, driven by lower material costs. However, revenue falls 3.6% YoY to Rs 1,134.6 crore due to lower sales from the carbon materials & chemicals, and power segments during the quarter. The company appears in a screener of stocks with increasing profits every quarter for the past four quarters.
Nifty 50 was trading at 24,089.10 (-36.5, -0.2%), BSE Sensex was trading at 79,728.39 (319.9, 0.4%) while the broader Nifty 500 was trading at 21,966.15 (-39.6, -0.2%).
Market breadth is in the red. Of the 2,026 stocks traded today, 761 were in the positive territory and 1,213 were negative.

Riding High:

Largecap and midcap gainers today include Dixon Technologies (India) Ltd. (16,675, 5.4%), Max Healthcare Institute Ltd. (1,128.70, 5.2%) and Berger Paints (India) Ltd. (579.20, 4.7%).

Downers:

Largecap and midcap losers today include Cholamandalam Investment & Finance Company Ltd. (1,566.40, -5.6%), IndusInd Bank Ltd. (787.50, -4.9%) and JSW Infrastructure Ltd. (303.75, -2.7%).

Movers and Shakers

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

Top high volume gainers on BSE included Alok Industries Ltd. (19.49, 18.3%), Trident Ltd. (29.28, 6.8%) and Asahi India Glass Ltd. (715.30, 6.6%).

Top high volume losers on BSE were Aether Industries Ltd. (776.55, -4.4%), RBL Bank Ltd. (189.52, -1.3%) and Procter & Gamble Health Ltd. (5,168.50, -1.1%).

Hatsun Agro Products Ltd. (949.20, 0.0%) was trading at 15.3 times of weekly average. Shoppers Stop Ltd. (549.85, 4.1%) and IIFL Finance Ltd. (367.20, 5.7%) were trading with volumes 6.6 and 6.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

13 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Bajaj Finance Ltd. (9,260.50, -0.1%), Chambal Fertilisers & Chemicals Ltd. (684.70, -0.8%) and Eicher Motors Ltd. (5,784, -0.5%).

28 stocks climbed above their 200 day SMA including Asahi India Glass Ltd. (715.30, 6.6%) and Phoenix Mills Ltd. (1,682.30, 4.5%). 7 stocks slipped below their 200 SMA including JSW Infrastructure Ltd. (303.75, -2.7%) and Power Grid Corporation of India Ltd. (312.55, -2.3%).

21 Apr 2025

Market closes higher, Jio Financial Services' net profit grows by 1.8% YoY to Rs 316.1 crore in Q4

Nifty 50 closed at 24,125.55 (273.9, 1.2%), BSE Sensex closed at 79,408.50 (855.3, 1.1%) while the broader Nifty 500 closed at 22,005.75 (324.2, 1.5%). Market breadth is surging up. Of the 2,478 stocks traded today, 1,876 were in the positive territory and 553 were negative.

Indian indices closed in the green, supported by positive Q4 results from HDFC and ICICI Bank. The Indian volatility index, Nifty VIX, declined 0.1% and closed at 15.5 points. Infosys rose by 2.2% as its Q4FY25 net profit rose 3.3% QoQ to Rs 7,033 crore, helped by lower cost of sales and administrative expenses.

Nifty Midcap 100 and Nifty Smallcap 100 closed in the green, following the benchmark index. Nifty Midcap Liquid 15 & Nifty High Beta 50 were among the top index gainers today. According to Trendlyne’s Sector dashboard, Diversified sector emerged as the best-performing sector of the day, with a rise of 2.8%.

Asian indices closed higher, while European indices are trading lower except Russia’s MOEX & RTSI indices. US index futures traded in the red, indicating a cautious start to the trading session. The IMF and World Bank Spring meetings will kick off in Washington this week, with Trump’s tariff policy expected to dominate discussions. Meanwhile, Trump escalated criticism of the Federal Reserve for not cutting interest rates last week. He threatened to remove the Fed chairman, who affirmed he has no intention of stepping down and emphasized the Fed’s independence over monetary policy to be a “matter of law.”

Money flow index (MFI) indicates that stocks like HDFC Bank, Bharti Airtel, Avenue Supermarts, and Ambuja Cements are in the overbought zone.
J B Chemicals & Pharmaceuticals is rising as it receives US FDA approval for its abbreviated new drug application (ANDA) for Bisoprolol Tablets. The drug is a generic equivalent to Zebeta (teva) for injectable suspension and is used to treat hypertension. As of 2024, this drug has a market size of $2 billion.
Jio Financial Services' net profit grows by 1.8% YoY to Rs 316.1 crore in Q4FY25. Revenue increases 18% YoY to Rs 493.2 crore during the quarter, helped by higher gain on fair value changes. It shows up in a screener of stocks where mutual funds increased their shareholding in the past quarter.
JSW Energy plans to invest Rs 16,000 crore to set up a 1,600 MW ultra-supercritical thermal power plant at Salboni in West Bengal. The project includes two units of 800 MW each and targets commissioning within 42 to 48 months.
Adani Ports and Special Economic Zone falls after announcing plans to acquire an Australian deep-water coal export facility for an enterprise value of around A$3.9 billion (Rs 21,344.4 crore) to expand its global footprint last week. Meanwhile, Nuvama Wealth Management notes that the company's all-share deal to acquire Abbot Point Port could potentially dilute the company’s earnings per share (EPS).
#MarketsWithMC | Adani Ports shares fall most in two weeks as firm's $2.5-bn deal for Australian terminal weighs

Read more on????https://t.co/Mh2ZgM8HdM #Stocks #Shares #Markets #Adani
— Moneycontrol (@moneycontrolcom) April 21, 2025
International Gemological Institute is rising as its net profit grows 11.6% YoY to Rs 140.7 crore in Q4FY25, driven by lower purchase of trading goods. Revenue increases 9.6% YoY to Rs 304.8 crore during the quarter. The company appears in a screener of stocks with zero promoter pledges.
Tata Elxsi’s Q4FY25 net profit falls 13.3% QoQ to Rs 172.4 crore. Revenue drops 2.8% QoQ to Rs 951.4 crore due to a decline in projects from the auto and media segments, driven by global trade and geopolitical tensions. The firm shows up in a screener of stocks where mutual funds increase stakes in Q4FY25.
Coal India rises as its arm, SECL, signs a Rs 7,040 crore pact with TMC Mineral for large-scale coal production using the paste-filling technology. The project is expected to produce 84 lakh tonnes of coal over 25 years.
BofA Securities maintains its 'Underperform' rating on Siemens with a reduced target price of Rs 2,450 following the demerger of its energy segment into Siemens Energy India. The brokerage notes that the energy unit contributes 37% of order inflows, 31% of revenue, and 35% of EBITDA in FY24, serving as a key growth driver. Without it, Siemens’ earnings growth is projected to remain at a modest 11% CAGR over FY24–27.
BofA maintains 'underperform' rating on #Siemens post energy de-merger.

For more, visit our Research Reports section: https://t.co/x9gNkEkqzy pic.twitter.com/G6R0K0oFWu
— NDTV Profit (@NDTVProfitIndia) April 21, 2025
Ashish Kacholia adds Thomas Scott to his portfolio in Q4FY25. He buys a 2.4% stake in the company.
Devyani International rises sharply as its board of directors schedules a meeting for April 24 to consider and approve issuing shares to acquire a controlling stake in Sky Gate Hospitality, which runs the “Biryani by Kilo” brand and others.
RARE Enterprises sells a 2.1% stake in Sundrop Brands in Q4FY25. He now holds a 4.9% stake in the company.
Gensol Engineering declines for the eighth straight session amid allegations of fund diversion by its promoters. Reports suggest the government may involve the Serious Fraud Investigation Office (SFIO) in the probe. Meanwhile, the Ministry of Corporate Affairs (MCA) is conducting due diligence in the alleged fund diversion case involving the company through the offices of the Director General (DG) and the Registrar of Companies (RoC).
#MarketsWithBS | #Gensol Engineering shares fall for the 8th straight session after the company's promoters were alleged of getting involved in fraudulent fund diversification#Stocks #markets #marketnews #stockmarket #sharemarketindia #gensolengineering https://t.co/cEjhEaIWI5
— Business Standard (@bsindia) April 21, 2025
Interarch Building Solutions rises sharply as it secures a Rs 300 crore work order to set up a tyre manufacturing plant in Gujarat. The facility covers an area of 3 million sq. ft.
Divi's Laboratories rises as it signs a deal with a global pharma company to manufacture and supply advanced intermediates. The company also plans to expand its manufacturing capacity with an investment of Rs 650-700 crore.
GAIL India rises sharply on hopes of a tariff hike after the Petroleum and Natural Gas Regulatory Board (PNGRB) issues a consultation paper to review piped natural gas tariffs. The paper seeks feedback to draft Model Revenue Sharing Contracts and improve legal clarity in the sector. GAIL proposes a revised tariff of Rs 77.43 per MMBtu, higher than the current rate.
Global oil prices decline as traders worry about the US-led trade war's impact on energy demand and monitor US-Iran nuclear talks. Brent falls over 1% toward $67, while WTI falls below $64. The decline was worsened by OPEC+ ramping up production faster than expected, raising oversupply fears.
Oil retreats as traders fretted about the impact of trade war on energy demand.

Read ????https://t.co/xRROYwDBEj
— NDTV Profit (@NDTVProfitIndia) April 21, 2025
Mastek is falling as its net profit declines 14.4% QoQ to Rs 81.1 crore in Q4FY25 due to an exceptional items loss of Rs 8.1 crore. However, revenue increases 4.1% QoQ to Rs 905.4 crore, driven by higher sales from the UK and European markets during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding over the past two months.
Suzlon Energy and Inox Wind rise sharply as the Ministry of New and Renewable Energy releases a draft notification mandating local sourcing of components used in wind turbine manufacturing, including blades, gearboxes, generators, and towers. The move addresses concerns over Chinese original equipment manufacturers (OEMs) and boosts domestic wind turbine production.
Infosys is rising sharply as its Q4FY25 net profit rises 3.3% QoQ to Rs 7,033 crore, helped by lower cost of sales and administrative expenses. However, revenue declines 1.7% QoQ to Rs 42,115 crore due to a reduction in the retail, energy, utilities, resources & services, and lofe sciences segments. The company lowers its revenue guidance for the current financial year (FY26) to 0–3%, down from 4.5–5% in Q3FY25, signalling caution in the growth environment.
Nuvama initiates a 'Buy' rating on Hindustan Aeronautics, Bharat Dynamics and Data Patterns (India). The brokerage is particularly optimistic about the Defence Electronics segment, anticipating it to grow 1.5 to 2 times faster than the overall defence budget. It favours BEL over HAL due to its stronger execution capabilities, higher operating profit margins (OPM) and return on equity (RoE), quicker cash conversion cycle, and greater asset turnover prospects. Additionally, BEL presents lower associated risks.
#Nuvama recommends four #defence stocks to 'buy' for up to 22% upside@senmeghna https://t.co/Z28qzQeYTJ
— CNBC-TV18 (@CNBCTV18Live) April 21, 2025
YES Bank rises sharply as its net profit surges 59.3% YoY to Rs 738.1 crore in Q4FY25 due to higher income and lower provisions. Revenue increases 2.3% YoY to Rs 7,616.1 crore, driven by improvements in the wholesale, and retail banking segments. The bank's asset quality improves as its gross and net NPAs contract by 10 bps and 30 bps YoY, respectively, during the quarter.
Just Dial rises sharply as its net profit grows 20% QoQ to Rs 157.6 crore in Q4FY25 due to lower finance costs and employee benefit expenses. Revenue increases marginally by 0.7% QoQ to Rs 289.2 crore due to marginal growth of 0.1% QoQ in total traffic during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.
HDFC Bank rises to its all-time high of Rs 1,950.7 as its net profit increases 6.7% YoY to Rs 17,616.1 crore in Q4FY25 due to higher income and lower provisions. However, revenue decreases 8.4% YoY to Rs 77,460.1 crore, driven by lower contribution from the treasury segment. The bank's asset quality deteriorate as its gross and net NPAs expands by 9 bps and 10 bps YoY, respectively, during the quarter.
ICICI Bank is rising as its net profit increases 6.1% YoY to Rs 12,629.6 crore in Q4FY25 due to higher income and lower provisions. Revenue surges 11.8% YoY to Rs 42,430.8 crore, driven by improvements in the treasury, wholesale, and retail banking segments. The bank's asset quality improves as its gross and net NPAs contract by 49 bps and 3 bps YoY, respectively, during the quarter.
Nifty 50 was trading at 23,966.45 (114.8, 0.5%), BSE Sensex was trading at 78,903.09 (349.9, 0.5%) while the broader Nifty 500 was trading at 21,787 (105.5, 0.5%).
Market breadth is ticking up strongly. Of the 2,015 stocks traded today, 1,521 were on the uptick, and 434 were down.

Riding High:

Largecap and midcap gainers today include Suzlon Energy Ltd. (60.29, 9.5%), Tata Elxsi Ltd. (5,342, 9.0%) and Au Small Finance Bank Ltd. (623.60, 6.3%).

Downers:

Largecap and midcap losers today include GlaxoSmithKline Pharmaceuticals Ltd. (2,815.40, -3.1%), Marico Ltd. (695.15, -2.8%) and Godrej Consumer Products Ltd. (1,213.40, -2.1%).

Movers and Shakers

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

Top high volume gainers on BSE included Just Dial Ltd. (1,028.25, 11.5%), Suzlon Energy Ltd. (60.29, 9.5%) and Tata Elxsi Ltd. (5,342, 9.0%).

Top high volume loser on BSE was AIA Engineering Ltd. (3,135, -0.4%).

Gujarat Pipavav Port Ltd. (151.13, 5.6%) was trading at 5.4 times of weekly average. Ingersoll-Rand (India) Ltd. (3,757.90, 4.7%) and Aptus Value Housing Finance India Ltd. (334.20, 3.4%) were trading with volumes 4.2 and 3.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

16 stocks hit their 52 week highs,

Stocks touching their year highs included - Bajaj Finance Ltd. (9,273.50, 1.2%), Bajaj Finserv Ltd. (2,103.50, 3.4%) and Bharti Airtel Ltd. (1,883.40, -0.3%).

29 stocks climbed above their 200 day SMA including Au Small Finance Bank Ltd. (623.60, 6.3%) and Jammu & Kashmir Bank Ltd. (108.27, 6.0%). 3 stocks slipped below their 200 SMA including Caplin Point Laboratories Ltd. (1,906.70, -3.1%) and Pidilite Industries Ltd. (3,018, -0.5%).

17 Apr 2025

Five Interesting Stocks Today - April 17, 2025

1.Delhivery:

This transport and logistics company rose by over 15.5% in the past week after announcing the acquisition of Ecom Express for over Rs 1,400 crore. Ecom is the second-largest player in the business-to-consumer (B2C) third-party logistics space after Delhivery. Together, the two companies would hold around 55–60% of the market share.

The acquisition was a fire sale by Ecom Express. Major clients like Meesho, Reliance, and Flipkart had reportedly cut back or stopped using Ecom’s services. This loss of big customers made it harder for Ecom to keep up with its costs. The company sold its business at nearly half the valuation it was looking at during its now-shelved IPO.

Analysts believe Ecom's acquisition will help Delhivery offset the impact of clients like Meesho choosing to insource. Delhivery may also benefit from significant cost savings over the next 12-18 months by using the same facilities, like sorting hubs and delivery centers. However, some analysts do not expect the deal to boost earnings in the near term, as Ecom posted a net loss of Rs 2,600 crore in FY24, likely higher in FY25.

During the December quarter, the express parcel segment accounted for 63% of the company’s total revenue, while the partial truckload (PTL) segment made up 19%. The express parcel segment’s EBITDA margin dropped by 500 bps to 15.6%, due to higher vehicle rental costs. Sahil Barua, MD & CEO, expects this margin to stabilize at 17-20% in the coming quarters, helped by a shift to locked-in vehicle rental rates and better volumes, which will improve cost efficiency.

He said, “We are targeting a 25-30% volume growth in the PTL segment and expect margin improvement through better utilization in FY26.” Delhivery plans to open 50 dark stores (local warehouses for online orders) in the top eight cities and expects full-year revenue of Rs 80-100 crore from this initiative.

Emkay has given a ‘Buy’ rating on the stock with a target price of Rs 400. This indicates an upside of 42.3%. The brokerage expects smooth post-acquisition sales retention and network integration. Emkay projects a revenue growth of 16.3% and a net profit growth of 87.5% annually over FY25-27.

2. Kaynes Technology India:

This IoT solution provider for electronic components in the consumer durables sector rose 27% over the past week, as the US temporarily exempted tariffs on the consumer electronics industry. Rising tensions between the US and China is also expected to boost orders for Indian electronics manufacturers.

Apple's plan to manufacture more iPhones in India has raised expectations of new contracts for manufacturing components and assembly work, adding to Kayne’s positive outlook.

Kaynes Technology designs and builds electronics for the automotive, industrial, aerospace, and consumer electronics industries. It plans to enter the manufacturing and assembly of high-density printed circuit boards (PCBs).

Trendlyne’s Forecaster expects the company’s revenue to grow by 51.4% YoY to Rs 1,009.8 crore in Q4FY25 and net profit by 42.4% YoY to Rs 115.8 crore.

However, the company lowered its FY25 revenue target to Rs 2,800 crore from Rs 3,000 crore due to delays in executing Rs 100 crore worth of industrial orders. For FY26, it aims to generate Rs 4,500 crore in revenue with margins above 15%.

Kaynes Technology is setting up a Rs 3,300 crore semiconductor facility in Gujarat under the India Semiconductor Mission. The investment follows a public-private partnership model, with the Central Government chipping in with 50%, the Gujarat Government 20%, and Kaynes Technology 30%. The plant will have a capacity of 6.3 million chips per day, with pilot production scheduled for June 2025.

Ramesh Kunhikannan, MD of Kaynes Technology, said, “We expect an annual capex of Rs 200–300 crore in the Electronics Manufacturing Services (EMS) business to support additional volumes in FY26 and FY27.” He added that exports could contribute 20–25% of revenue, up from the current 10%, and the railway business may see a significant resurgence through the Kavach program.

Motilal Oswal reiterates a “Buy” rating on the stock with a target price of Rs 6,500. The brokerage notes that the company holds a strong revenue growth momentum, supported by a healthy order book and steady order inflows. It projects a revenue CAGR of 56% and a PAT CAGR of 68% for FY25–27.

3. Olectra Greentech:

Thiselectric bus manufacturer has surged 13.9% over the past week, driven by a series of positive developments. On April 11, the company rose 5.8% aftersecuring an order worth Rs 424 crore from the Himachal Road Transport Corporation (HRTC) to supply 297 Electric Buses.

On April 16, it gained 4.4% following thenews that the Indian government is set to launch a tender for the procurement of 10,000 electric buses under the PM E-Drive scheme. Convergence Energy Services (CESL) is expected to issue tenders next month for nine cities, with a Rs 3,000 crore subsidy.

Olectra Greentech’sQ3FY25 revenue rose 50.2% YoY to Rs 517.6 crore, driven by the sale of more buses and the introduction of higher-priced models. Trendlyne’sForecaster projects the company's revenue to grow 62.7% YoY and its net profit to surge 1.1X YoY in FY25 on the back of a strong order book.

The company’s net order book for electric busesstands at 10,224 units. Olectra Greentech aims to deliver around 2,500 buses in FY26 and is developing a new Greenfield electric vehicle manufacturing facility to meet the increasing demand.

The new facility is expected to ramp up significantly in the second half of FY26. B. Sharat Chandra, Chief Financial Officer,said, “We have built about 200 units per month, which we are ramping up to about 5,000 units per annum soon. Over a period of one year, we want to ramp up to about 10,000 units.” The second phase of construction, which includes adding robots for automation, is on track and should be finished in the next 3 to 4 months. However, the automation process will take another 6 months to complete.

Geojit BNP Paribasdowngrades the stock to ‘Accumulate’ rating, citing delays in the execution rate and a slow ramp-up in the order book for the year. The brokerage has also reduced its target price to Rs 1,485 from Rs 2,086.

4. Transformers & Rectifiers (India):

This heavy electrical equipment manufacturing company rose by 2.2% in the past week. It announced its Q4FY25 & full year results on April 8. The company’s Q4FY25 net profit jumped 135.8% YoY to Rs 94.2 crore, driven by a strong order book, while revenue rose 32.9%. The company’s management highlighted a sharp rise in order enquiries worth $3 billion (~Rs 25,700.7 crore) in FY25, and reported its highest-ever production at 29,118 MVAs, up from 16,425 MVAs in FY24. The stock also appears in a screener for strong momentum stocks.

The company missed Trendlyne’s forecaster Q4 revenue estimate by 6.1%, impacted by high exposure to State Electricity Boards (SEBs) which constitute a major chunk of its revenue and are known for late payments. It has also been due to volatility in copper and steel prices amid global trade tensions.

Chanchal Rajora, CFO at TARIL, said, “Looking ahead at FY26, we are entering the year with a robust unexecuted order book of Rs 5,132 crore and a well-diversified pipeline of inquiries from both domestic and international markets. We are committed to our long-term goal of reaching $1 billion(~Rs 8,555.9 crore) in revenue within the next 3 financial years, and we believe that we are well on track to achieve this vision.”

Mr. Rajora added, “In the next 15 months, the company will be spending Rs 550 crore on capex expansions to strengthen its organic as well as backward integration growth, with the target to become 100% backward integrated.” During the year, the company has also started a capacity expansion of 22,000 MVA at its Moraiya facilities, which is expected to be completed by February 2026.”

Nuvama Institutional Equities highlights that the current industry capacity stands at approximately 0.3 million MVA, while demand is around 0.4 million MVA and is projected to reach 0.7 million MVA by FY29. The brokerage highlights strong domestic and export demand amid tight supply for high-voltage transformer players, driving premium pricing. It sees a major market opportunity and maintains a 'Buy' rating with a target price of Rs 725.

5. Poonawalla Fincorp (PFL):

This non-banking financial company’s (NBFC’s) stock price rose 9.2% over the past week after it expanded its secured lending portfolio with the launch of its gold loan business. The company also plans to open 400 branches in FY26 to strengthen its presence in Tier 2 and 3 cities and foray into different loan segments.

The company announced another expansion to provide loans to shopkeepers on April 8. This targets small retailers and kirana stores, and includes cash flow, inventory, and customer management services. PFL plans to set up 44 branches across the country.

Speaking on the company’s expansion plans, its Managing Director and Chief Executive Officer, Arvind Kapil, said, “We have invested significantly over the last few months in rolling out multiple scalable lending businesses across the secured, unsecured and digital segments. These investments may have a four-quarter gestation period, resulting in low profitability due to high expenses.”

In Q3FY25, the company’s net profit declined by 92.9% YoY to Rs 18.7 crore due to higher expenses for new businesses and a higher share of secured loans with low margins. Poonawalla Fincorp reported a 42.2% YoY growth in assets under management (AUM) to Rs 35,550 crore in Q4FY25.

In its Q4FY25 results preview, KR Choksey expects Poonawalla Fincorp’s NII to rise 17.8% YoY, driven by strong AUM growth. However, the brokerage expects the lender’s net interest margin (NIM) to remain under pressure due to increasing borrowing costs and a shift in asset mix to lower margin loans. This is a dangerous game for a lender, considering the volatility of incomes for small businesses like kirana shops. It also estimates the firm’s net profit to decline 49.6% YoY during the quarter, caused by higher provisions against potential stress in the new businesses.

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

17 Apr 2025

Market closes higher, HDFC AMC's net profit beats Forecaster estimates by 8%