My Newsfeed

logo
The Baseline
24 Apr 2025
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.

 
logo
The Baseline
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.

 
Trendlyne Marketwatch
Trendlyne Marketwatch
23 Apr 2025
Market closes higher, PNC Infratech bags a Rs 240 crore order from PWD, Rajasthan
By Trendlyne Analysis

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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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%).

 
logo
The Baseline
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)

 
Trendlyne Marketwatch
Trendlyne Marketwatch
22 Apr 2025
Market closes higher, Pitti Engineering's revenue surges 43% YoY to Rs 468.8 crore in Q4
By Trendlyne Analysis

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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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%).

 
Trendlyne Marketwatch
Trendlyne Marketwatch
21 Apr 2025
Market closes higher, Jio Financial Services' net profit grows by 1.8% YoY to Rs 316.1 crore in Q4
By Trendlyne Analysis

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).

  • 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.

  • 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).

  • 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.

  • 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.

  • 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%).

 
logo
The Baseline
17 Apr 2025
Five Interesting Stocks Today - April 17, 2025
By Trendlyne Analysis

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.

 
Trendlyne Marketwatch
Trendlyne Marketwatch
17 Apr 2025
Market closes higher, HDFC AMC's net profit beats Forecaster estimates by 8%
By Trendlyne Analysis

Upbeat trading today. Nifty 50 closed at 23,851.65 (414.5, 1.8%), BSE Sensex closed at 78,553.20 (1,508.9, 2.0%) while the broader Nifty 500 closed at 21,681.55 (277.2, 1.3%). Market breadth is in the green. Of the 2,441 stocks traded today, 1,467 were on the uptick, and 924 were down.

Indian indices closed higher after paring losses in the afternoon session. The Indian volatility index, Nifty VIX, fell 2.7% and closed at 21.4 points. Waaree Renewable Technologies closed 9.3% higher as its revenue increased 74.4% YoY to Rs 476.6 crore during the quarter, driven by higher sales from the EPC contracts segment.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. S&P BSE BANKEX and Nifty Financial Services Indices were among the top index gainers today. According to Trendlyne’s sector dashboard, Fertilizers emerged as the best-performing sector of the day, with a rise of 4.3%.

Asian indices closed in the green. European indices are trading in the red. US index futures are trading higher, indicating a positive start to the trading session amid growing hopes of a tariff deal between the US and its key trading partners. Brent crude futures are trading higher due to supply concerns after the US imposed new sanctions on Iran’s oil exports.

  • Hindustan Zinc sees a long buildup in its April 24 futures series, with open interest increasing by 19.1% and a put-call ratio of 0.4.

  • HDFC Asset Management rises as its Q3FY25 net profit grows by 18.1% YoY to Rs 638.5 crore, beating Forecaster estimates by 8%. Revenue increases by 29.6% YoY, helped by higher assets under management (AUM). It features in a screener of stocks with increasing net profit and profit margin (QoQ).

  • Dalmia Bharat's wholly-owned subsidiary, Dalmia Cement (DCBL), receives a provisional attachment order of Rs 793.3 crore from the Enforcement Directorate (ED) in Hyderabad. The order is related to a 2011 case filed by the Central Bureau of Investigation (CBI) over Dalmia Cement’s investments in Bharathi Cement Corporation.

  • Refex Industries rises as its subsidiary, Refex Green Mobility, exits Bengaluru airport EV taxi services to focus on scalable B2B and B2B2C electric mobility. The shift targets enterprise clients with end-to-end EV transport services and long-term demand.

  • Bengaluru-based real estate developer Prestige Group is reportedly planning to take its hotels business public through a Rs 4,000 crore IPO. The company’s board has approved the IPO plan, and work on the draft red herring prospectus (DRHP) is in advanced stages.

  • Hero MotoCorp is falling as it pauses production at Dharuhera, Gurugram, Haridwar, and Neemrana plants from April 17 to 19 due to short-term supply alignment.

  • Cello World is rising as Kotak Institutional Securities upgrades it to a ‘Buy’ rating but cuts its target price to Rs 710. The brokerage notes that the ramp-up in production capacity will likely weigh on EBITDA margins by 50–100 basis points in the near term. It expects a 12% EPS CAGR over FY25–27.

  • Alembic Pharmaceuticals receives final approval from the US FDA for its abbreviated new drug application (ANDA) for Carbamazepine Tablets. The drug is a therapeutic equivalent of Novartis Pharma’s Tegretol and is used as an anticonvulsant for treating certain types of seizures and bipolar disorder. According to IQVIA, the drug has a market size of $32 million as of 2024.

  • Fitch Ratings cuts India’s GDP growth forecast by 10 bps to 6.4% for the current fiscal, citing risks from a worsening global trade war. Projections for the next year remain unchanged. Fitch flags high US trade policy uncertainty, which is weighing on business investment, reducing household wealth, and hurting US exporters.

  • Ashish Kacholia reveales a 1.9% stake in Quadrant Future Tek during Q4FY25. The company debuted on the stock market in January, with its IPO oversubscribed by 186.7 times.

  • Dolly Khanna buys a 1% stake in Som Distilleries & Breweries in Q4FY25. She now holds a 2.4% stake in the company.

  • SML Isuzu's board appoints Yasushi Nishikawa as the new Managing Director (MD) and Chief Executive Officer (CEO), succeeding Junya Yamanishi, effective April 17.

  • Federal Bank becomes the fourth private lender to cut savings account rates by 25 bps after the RBI's repo rate cut. It reduces the rate on deposits up to Rs 50 lakh to 2.8%. Annual interest rates on deposits between Rs 50 lakh-Rs 5 crore are cut to 3.5%, and Rs 5-50 crore are cut to 5.3%.

  • Suzlon bags 100.8 MW wind order from Sunsure Energy. The company will supply 48 S120 wind turbine generators (WTGs) with hybrid lattice towers (HLT), each rated at a 2.1 MW capacity. The firm shows up in a screener of stocks where FIIs increase stakes in Q4FY25.

  • DLF rises as it signs a master framework agreement (MFA) to sell its Kolkata-based IT/ITeS SEZ (IT/ IT enabled services special economic zone) business to Srijan Group and its subsidiaries for Rs 693 crore. The deal is expected to close within 12 months.

  • MSTC receives a Rs 178.4 crore tax demand from the Income Tax Department for AY 2024-25. The company plans to challenge the assessment and file an appeal before the Commissioner of Income Tax.

  • Goldman Sachs upgrades KEI Industries to 'Buy' call but cuts price target to Rs 2,980. The brokerage cites favourable risk-reward as a key reason for its upgrade. It expects cable and wire companies to benefit from ongoing power and infrastructure capex in the near term, though growth may moderate by FY27.

  • One 97 Communications (Paytm) is falling as its Managing Director and CEO, Vijay Shekhar Sharma, voluntarily gives up all 2.1 crore employee stock options (ESOPs) granted to him under the One 97 Employees Stock Option Scheme, 2019. This results in a one-time, non-cash ESOP expense of Rs 492 crore in Q4FY25, with a corresponding reduction in ESOP expenses in the coming years.

  • Prestige Estates' FY25 sales decline 19% YoY to Rs 17,023 crore, missing the Rs 24,000-Rs 25,000 crore guidance due to delayed launches.

  • IDFC FIRST Bank's board of directors approves a preferential issue of equity capital worth Rs 4,876 crore to Currant Sea Investments, an affiliate of Warburg Pincus, and Rs 2,624 crore to Platinum Invictus, a subsidiary of Abu Dhabi Investment Authority.

  • The United Nations Conference on Trade and Development (UNCTAD) projects India’s economy to grow at 6.5% in 2025, slightly slower than in 2024 but supported by robust public spending and monetary easing. With global growth estimated at 2.3%, UNCTAD expects India to remain the fastest-growing economy. While trade policy uncertainty and food price volatility pose risks, growing South-South economic integration presents key opportunities.

  • Sonata Software falls sharply as the company expects lower international revenue in Q4 FY25 following a decline in business from its largest client. The international segment accounts for 25% of the company’s overall revenue in the December quarter.

  • Angel One is falling as its net profit drops 48.7% YoY to Rs 174.5 crore in Q4FY25. Revenue decreases 22.2% YoY to Rs 1,056 crore, driven by lower fees and commission income during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Waaree Renewable Technologies rises sharply as its net profit grows 73.1% YoY to Rs 93.8 crore in Q4FY25. Revenue increases 74.4% YoY to Rs 476.6 crore during the quarter, driven by higher sales from the EPC contracts segment. The company appears in a screener of stocks with zero promoter pledges.

  • Wipro falls sharply as its Q4 revenue misses Forecaster estimates marginally by 0.4% despite rising 0.8% QoQ to Rs 22,504.2 crore, helped by an improvement in the American market. Net profit grows 6.4% QoQ to Rs 3,569.6 crore, driven by lower inventory, finance, software license, and marketing & brand building expenses. It appears in a screener of stocks with increasing revenue for the past three quarters.

  • Nifty 50 was trading at 23366.90 (-70.3, -0.3%) , BSE Sensex was trading at 76873.23 (-171.1, -0.2%) while the broader Nifty 500 was trading at 21378.30 (-26.1, -0.1%)

  • Market breadth is in the green. Of the 1934 stocks traded today, 1142 were gainers and 752 were losers.

Riding High:

Largecap and midcap gainers today include Bharti Hexacom Ltd. (1,583.10, 4.6%), Eternal Ltd. (231.60, 4.3%) and Gujarat Gas Ltd. (445.30, 3.7%).

Downers:

Largecap and midcap losers today include Wipro Ltd. (236.90, -4.3%), Divi's Laboratories Ltd. (5,640, -2.0%) and LTIMindtree Ltd. (4,191.90, -2.0%).

Volume Rockets

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

Top high volume gainers on BSE included Ujjivan Small Finance Bank Ltd. (42.10, 7.1%), Delhivery Ltd. (281.05, 6.8%) and KFIN Technologies Ltd. (1,105.80, 5.1%).

Top high volume losers on BSE were Sonata Software Ltd. (314.70, -6.1%), Wipro Ltd. (236.90, -4.3%) and Endurance Technologies Ltd. (1,898, -2.1%).

India Cements Ltd. (288.40, 2.1%) was trading at 26.7 times of weekly average. The New India Assurance Company Ltd. (172.49, 3.4%) and Honeywell Automation India Ltd. (34,250, 0.0%) were trading with volumes 9.3 and 8.1 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,

Stocks touching their year highs included - Bajaj Finserv Ltd. (2,035.30, 3.4%), Bharti Airtel Ltd. (1,889.10, 3.7%) and Chambal Fertilisers & Chemicals Ltd. (673.60, 2.9%).

17 stocks climbed above their 200 day SMA including KFIN Technologies Ltd. (1,105.80, 5.1%) and Jammu & Kashmir Bank Ltd. (102.16, 4.0%). 5 stocks slipped below their 200 SMA including Caplin Point Laboratories Ltd. (1,951, -1.1%) and Godrej Agrovet Ltd. (762, -1.0%).

 
logo
The Baseline
16 Apr 2025
Top five: Stocks that could outperform in upcoming results | Screener: Stocks with high durability scores, high target prices
By Tejas MD

Does the tariff policy coming out of the US mean anything anymore? It seems pointless for markets to react to new announcements, since Trump could withdraw some tariffs in the morning and add new ones in the evening.

Still, global equities got some breathing room after Trump hit pause on the latest round of tariffs. But don’t get too comfortable. US policy has become volatile, and dangers lurk around every corner.

Fear gauges like the Nifty VIX and S&P 500 VIX have surged since Trump’s "liberation day." And now, with the Q4FY25 earnings season kicking off, there’s potential for more stock market turbulence. Morgan Stanley projects just 3% revenue growth for Nifty 50 companies—a 19-quarter low.

The real question is: which companies will beat that trend?

We have identified five stocks with the potential to beat both the overall index, and their industries. One company in the list has a fast-growing vertical that is defying the slowdown. Another has massive new international orders coming in, while a third has a reliable client that keeps on spending. They all have something unique about them.

In this week’s Analyticks: 

  • Five stocks to watch this results season: Five companies that could deliver high growth 
  • Screener: Stocks rising in the past quarter, with high durability scores and at least 20% target price upsides

The big winners: Five stocks expected to stand out in upcoming results

Heading into the Q4FY25 results, we shortlisted five stocks from the Nifty 500 that are predicted to post high revenue and net profit growth YoY and QoQ in Q4FY25, according to Trendlyne’s Forecaster. These companies have already set the bar high with strong results in the previous quarter.

Five stocks across industries have strong revenue and profit forecasts

All five stocks in the list—KEC International, Mastek, Larsen & Toubro, Endurance Tech, and Hindalco Industries—are from different sectors. While these stocks weakened in the past year due to the market downturn, they’ve outperformed the benchmark index over two years.

Short-term laggards, long-term winners vs Nifty 50

Due to the fall, Trendlyne’s Momentum scores for these companies range from neutral to weak. But high Durability and Valuation scores signal that these may be strong, undervalued picks. 

All stocks in focus have good Durability scores with strong fundamentals

T&D all the way: One segment becomes the star for KEC International

Industrials player KEC has got a boost from the Centre's capex push. The big revenue driver here is the company’s transmission and distribution (T&D) segment. In Q3FY25, the T&D business grew 17% YoY, with new orders surging an impressive 119% to Rs 16,000 crore. This momentum is expected to continue in Q4FY25. 

T&D and civil segment expected to improve KEC’s profitability

Analysts expect T&D margins to improve in the coming quarters due to a higher mix of T&D orders (54%) in the order book, and strong T&D traction in both domestic and international markets. 

Golden goose: Mastek eyes 50% growth in UK healthcare in FY26

This software and services company generates 56% of its revenue from the UK, with a significant portion coming from government contracts, especially with the NHS (National Health Service).

This is Mastek's golden goose, and has long been a growth driver for the GovTech-focused firm. In Q3FY25, UK revenue rose 13% YoY, helped by a rebound in UK’s overall healthcare spending.

Mastek’s revenue to rise YoY for the tenth straight quarter

Expectations for Q4 are positive, with revenue and net profit projected to grow YoY and QoQ. There is however, a word of caution. Recent news about cuts to NHS England’s administration, due to its merger with the Department of Health and Social Care (DHSC), led to high volatility in Mastek's share price. 

However, the management is optimistic and is projecting 40-50% revenue growth in UK healthcare next year due to the government’s modernisation commitment, including increased funding and a 10-year health plan. 

Going vroom: Endurance Tech rides EV momentum, with strong order wins and German expansion

Automotive component manufacturer Endurance Technologies has operations in India, Italy and Germany. It supplies aluminum castings, suspensions, transmissions, braking, and battery management systems.

Endurance Tech has been on a good streak. Strong order wins and good execution have led to rising revenue and net profit for the past nine quarters. This trend is expected to continue in Q4FY25. 

Endurance Tech’s strong order execution to continue in Q4FY25 

As of Dec'24, the company secured Rs 3,341 crore in new orders from India and €244 million from Europe. 84% of the latter is linked to EVs or hybrids. In India, the EV order backlog stands at Rs 960 crore, including orders from Bajaj Auto.

The company is expanding its presence in Europe, which contributes to around 23% of the total revenue. In December 2024, Endurance Tech acquired a 60% stake in Stoferle, a German company, for € 37.7 million to strengthen its presence in Germany. However, Trump’s new tariffs have led several European automakers to cut forecasts, which could weigh on demand for Endurance Tech. 

Super-sized orders. But can it deliver?: QatarEnergy deal powers L&T

On March 26, this Nifty 50 giant won its largest-ever project—an eye-popping $4 billion order from QatarEnergy LNG. The company’s order book is on the rise. As of Q3FY25, it reached Rs 5.64 trillion, with 58% from domestic projects and the remaining 42% from international markets.

The infrastructure projects segment continues to anchor growth, posting a 14.7% YoY revenue in Q3 and accounting for nearly half (49.5%) of total revenue in the quarter.

Analysts expect revenue and profit to grow YoY and QoQ in Q4FY25, driven by strong execution, especially in the international order book.

Strong order execution in the international segment to drive L&T's revenue

Despite the surge in new orders, investors are concerned about the company’s ability to execute such a massive order backlog while maintaining profitability. While these large order wins sound impressive, they can sometimes be margin-dilutive. 

Growth amid uncertainty: Capex-fueled growth for Hindalco, but tariffs cause jitters

On April 1, this metals and mining company announced a $10 billion capex plan through FY29 to scale production at Hindalco and its US subsidiary Novelis significantly.

The investment will fund capacity expansions across India's aluminium and copper operations, while Novelis aims to add approximately 800,000 tonnes of aluminium capacity globally by FY27. Following the investor day, brokerages including ICICI Securities, Anand Rathi, and Axis Direct reiterated their ‘Buy’ ratings, citing long-term growth potential.

Hindalco’s Indian business to drive revenue growth in Q4FY25

In Q3, the company’s aluminium upstream revenue rose 25% YoY, driven by higher average aluminium prices. Downstream aluminium revenue also increased 25% on the back of higher volumes. Analysts anticipate strong performance in Q4, led by strong growth in Indian operations.

However, shares are down 9.4% in April, impacted by recent tariff-related announcements.

Novelis, Hindalco’s US subsidiary, is largely insulated from tariffs due to its reliance on aluminium scrap, which isn’t tariffed. However, Hindalco's direct aluminium exports to the US are expected to decline due to the tariffs, which could affect profitability.

Screener: Stocks rising in the past quarter with high durability scores and 20%+ Forecaster target price upsides

Forecaster expects banking stocks to rise the most in the next year

As the Q4 results season kicks off, we look at stocks with the highest upside potential over the next 12 months, according to Trendlyne’s Forecaster. This screener shows stocks rising more than 5% in the past quarter with strong durability scores, and where Forecaster sees at least a 20% target price upside.

The screener consists of stocks from the banking, housing finance, aerospace & defence, construction & engineering, and heavy electrical equipment industries. Major stocks that feature in the screener are NBCC (India), Adani Ports & SEZ, Transformers & Rectifiers (India), Balrampur Chini Mills, Indian Bank, Aadhar Housing, PNB Housing Finance, and Union Bank of India.

NBCC (India) appears in the screener with the highest Forecaster target price upside of 31.4%. The stock has risen 7.1% over the last quarter, helped by multiple order wins and project sales. Analysts believe the construction and engineering company's consistent growth in infrastructure and residential real estate projects positions it well for long-term growth. They expect NBCC’s order book to expand on the back of continued public sector projects and increasing demand for urban development.

Transformers & Rectifiers (India) also appears in the screener with a Forecaster target price upside of 25.8%. This heavy electrical equipment company’s stock price increased by 11% over the past quarter, driven by strong Q4FY25 results. Its revenue and net profit grew 33% YoY to Rs 683.4 crore and 135.8% YoY to Rs 94.2 crore during the quarter. Analysts at ICICI Direct are positive about the company due to a strong order book of Rs 5,132 crore and further bid prospects of Rs 22,000 crore. 

You can find more screeners here.


 
Trendlyne Marketwatch
Trendlyne Marketwatch
16 Apr 2025
Market closes higher, Yes Bank receives a Rs 244.2 crore tax demand for AY16-17
By Trendlyne Analysis

Nifty 50 closed at 23,437.20 (108.7, 0.5%) , BSE Sensex closed at 77,044.29 (309.4, 0.4%) while the broader Nifty 500 closed at 21,404.35 (125.0, 0.6%). Market breadth is surging up. Of the 2,441 stocks traded today, 1,682 were in the positive territory and 718 were negative.

Indian indices closed higher after erasing losses in the afternoon session. The Indian volatility index, Nifty VIX, declined 1.6% and closed at 15.9 points. IREDA closed 5.7% higher as its Q4FY25 revenue grew 37.5% YoY to Rs 1,914.7 crore, while net profit surged 48.7% to Rs 501.6 crore. The company’s net NPA improved to 1.3% in FY25 from 1.5% in FY24.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, following the benchmark index. Nifty Media and Nifty PSU Bank were the best-performing indices of the day. According to Trendlyne’s sector dashboard, Telecommunication Equipment emerged as the best-performing sector of the day, with a rise of 2.4%.

European indices are trading lower, except Russia’s RTSI and MOEX indices, which are trading 0.8% higher each. Major Asian indices closed in the red, except Sri Lanka’s CSE All Share and Thailand’s SET indices, which closed 1.2% and 0.9% higher. US index futures are trading in the red, indicating a cautious start to the session following the US Commerce Department’s decision to impose restrictions on exports of AI chips to China.

  • Relative strength index (RSI) indicates that stocks like Tata Consumer Products, Pidilite Industries, Britannia Industries, and Solar Industries are in the overbought zone.

  • Optiemus Infracom rises as its subsidiary, Optiemus Electronics, partners with Realme to manufacture next-generation Artificial Intelligence of Things (AIoT) products in India, targeting 5 million units annually.

  • KFIN Technologies is rising as it incorporates a wholly-owned subsidiary in Singapore to acquire a 51% stake in Ascent Fund Services (Singapore) for $34.7 million (approximately Rs 296.9 crore). The company plans to acquire the remaining 49% stake by 2030.

  • Poly Medicure rises sharply as the US imposes up to 245% tariffs on Chinese medical equipment imports. The company generates 70% of its revenue from the export market.

  • Lupin and Zydus Lifesciences fall sharply after losing a US Federal Court patent case on Myrbetriq, a medicine to treat overactive bladder, to Astellas Pharma. Both companies generate quarterly sales of between $30-35 million from Myrbetriq in the US market.

  • Yes Bank receives a Rs 244.2 crore additional tax demand following a reassessment rectification order passed by the Jurisdictional Assessing Officer (JAO) for the Assessment Year (AY) 2016–17.

  • Hindustan Oil Exploration Company rises as it secures a block under the 2024 small fields bid round. The Mumbai offshore block spans 332.4 sq km, taking the company's total acreage to over 800 sq km.

  • India and the US are reportedly set to begin in-person talks on a proposed bilateral trade agreement next month, following virtual discussions this week. Efforts are underway to finalize the first tranche quickly. Meanwhile, an import monitoring cell closely tracks potential import surges from China, Vietnam, and Indonesia amid concerns over dumping in response to US tariffs.

  • Gallantt Ispat rises to a new all-time high of Rs 470.5 as its board approves a Rs 1,105 crore expansion plan to increase production capacity at its integrated steel plants in Gorakhpur, including a new solar power plant.

  • Dolly Khanna adds GHCL to her portfolio in Q4FY25, acquiring a 1% stake in the company.

  • Motilal Oswal reiterates its ‘Buy’ rating on ABB India with a target price of Rs 6,700 per share. The brokerage believes ABB is better placed than its peers due to its over 50% exposure to high and moderate growth segments and its strong position to benefit from increased exports. It expects an EBITDA margin of 18.3% for CY25.

  • Ericsson’s global CEO and President, Börje Ekholm, says a financially stronger Vodafone Idea will boost competition in India’s telecom market. With recent deals from Bharti Airtel and Vodafone Idea, he sees strong long-term prospects. He adds that 6G deployment is expected by 2030, with standardization starting next year, and Ericsson is well-prepared with significant investments.

  • Gensol Engineering falls sharply as the Securities and Exchange Board of India (SEBI) bars its promoters, Anmol Singh Jaggi and Puneet Singh Jaggi, from directorship positions and accessing the equity market for alleged fund diversion and record falsification.

  • PB Fintech rises as its subsidiary, PB Pay, gets the Reserve Bank of India's (RBI) in-principle nod to operate as an online payment aggregator (platform enabling merchants to accept digital payments).

  • JBM Auto and Olectra Greentech rise sharply as the Ministry of Heavy Industries plans to launch a tender to procure 10,000 electric buses under the PM E-DRIVE Scheme in May 2025

  • Jefferies names JSW Infrastructure and Adani Ports & SEZ as top picks among private port players, expecting strong margins from volume growth. It notes the government aims for 80% private sector presence in major ports by 2030, with 95% of capacity expansion planned privately. About 500 million tonnes of capacity still awaits privatization, offering major opportunity for these players.

  • Mahanagar Gas is falling as its allocation of Administrative Price Mechanism (APM) natural gas for domestic PNG and CNG (transport) segments reduces by 18%, effective April 16. The shortfall will be replaced with New Well/Well Intervention Gas (NWG).

  • IndusInd Bank receives a report on Tuesday highlighting a Rs 1,979 crore impact from derivative accounting discrepancies, representing 2.27% of its net worth as of December 31. The bank plans to consider this in its FY25 results.

  • Axis Bank is rising as it cuts savings account interest rate by 25 basis points to 2.75%, effective April 15. The bank's board of directors schedules a meeting for April 24 to consider a proposal to raise funds via the issue of equity shares or debt.

  • Ministry of Steel Secretary, Sandeep Poundrik, confirms that a safeguard duty on steel imports will be introduced soon. He dismisses rumours of a 20% hike as unfounded. He expects steel consumption to grow over 10% and clarifies there are no plans for a mega-merger between SAIL, RINL, and NMDC Steel.

  • IREDA rises sharply as its Q4FY25 revenue grows 37.5% YoY to Rs 1,914.7 crore, while net profit surges 48.7% to Rs 501.6 crore. The company’s net NPA improves to 1.3% in FY25 from 1.5% in FY24.

  • Oil India is rising as it secures nine blocks under the Open Acreage Licensing Policy (OALP) Round IX, adding over 51,000 sq. km to its exploration portfolio. With this addition, the company’s total exploration acreage increases from 60,000 sq km to 1,10,000 sq km, an 85% growth.

  • ICICI Lombard General Insurance is falling as its net profit drops 1.9% YoY to Rs 509.6 crore in Q4FY25, driven by higher commissions and brokerage expenses. However, revenue increases 12.8% YoY to Rs 6,051.2 crore during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • ICICI Prudential Life Insurance's Q4FY25 net profit surges 1.2X YoY to Rs 385.3 crore, driven by a growth of 10.7% YoY in net premium income. However, revenue decreases 30.2% YoY to Rs 15,687.3 crore 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 23,282.85 (-45.7, -0.2%), BSE Sensex was trading at 76,996.78 (261.9, 0.3%) while the broader Nifty 500 was trading at 21,260.50 (-18.9, -0.1%).

  • Market breadth is ticking up strongly. Of the 1,955 stocks traded today, 1,385 were on the uptick, and 531 were down.

Riding High:

Largecap and midcap gainers today include IndusInd Bank Ltd. (788.25, 7.1%), Indian Renewable Energy Development Agency Ltd. (176.39, 5.6%) and Indian Bank (568.15, 5.0%).

Downers:

Largecap and midcap losers today include Zydus Lifesciences Ltd. (822.10, -6.9%), Lupin Ltd. (1,934.20, -3.9%) and Sona BLW Precision Forgings Ltd. (446.80, -3.4%).

Movers and Shakers

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

Top high volume gainers on BSE included JBM Auto Ltd. (694.75, 11.2%), Gujarat Mineral Development Corporation Ltd. (315, 9.8%) and Engineers India Ltd. (183.72, 8.5%).

Top high volume losers on BSE were Zydus Lifesciences Ltd. (822.10, -6.9%) and Mahanagar Gas Ltd. (1,252.40, -4.8%).

Aegis Logistics Ltd. (806.30, 5.3%) was trading at 12.0 times of weekly average. Olectra Greentech Ltd. (1,232, 4.4%) and Indian Renewable Energy Development Agency Ltd. (176.39, 5.6%) were trading with volumes 8.4 and 8.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

9 stocks took off, crossing 52 week highs, while 1 stock were underachiever and hit their 52 week lows.

Stocks touching their year highs included - Bharti Airtel Ltd. (1,822.60, 1.3%), Chambal Fertilisers & Chemicals Ltd. (655.20, -1.3%) and Eicher Motors Ltd. (5,600, 1.3%).

Stock making new 52 weeks lows included - Sheela Foam Ltd. (652.80, 0.4%).

39 stocks climbed above their 200 day SMA including Anupam Rasayan India Ltd. (796, 5.8%) and Aegis Logistics Ltd. (806.30, 5.3%). 1 stock slipped below their 200 SMA including Nestle India Ltd. (2,383.30, 0.7%).