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28 Apr 2025

Market closes higher, KPIT Tech's net profit grows 30.9% QoQ to Rs 244.7 crore in Q4

Nifty 50 closed at 24,328.50 (289.2, 1.2%), BSE Sensex closed at 80,218.37 (1,005.8, 1.3%) while the broader Nifty 500 closed at 22,101.85 (253.7, 1.2%). Market breadth is even. Of the 2,443 stocks traded today, 1,194 were on the uptrend, and 1,202 went down.

Indian indices closed in the green. The Indian volatility index, Nifty VIX, fell 1.3% and closed at 16.9 points. Reliance Industries closed 5.3% higher as its Q4FY25 net profit grew 19.3% YoY to Rs 22,611 crore and beat Forecaster estimates 23.6% due to lower inventory and excise duty expenses.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green. Nifty Auto and Nifty PSU Bank closed higher. According to Trendlyne’s sector dashboard, Oil & Gas emerged as the best-performing sector of the day, with a rise of 4.1%.

European indices are trading mixed. Major Asian indices closed mixed. US index futures are trading lower, indicating a negative start to the session. Brown & Brown, NXP Semiconductors, Nucor Corporation, and Cincinnati Financial are set to report their earnings later today. Meanwhile, NVIDIA falls on reports that China’s Huawei Technologies is set to test a new AI chip, Ascend 910D, to replace some of its higher-end products.

Money flow index (MFI) indicates that stocks like Max Financial Services, SBI Life Insurance, MRF, and AU Small Finance Bank are in the overbought zone.
KPIT Technologies is rising as its Q4FY25 net profit grows 30.9% QoQ to Rs 244.7 crore, helped by lower finance costs. Revenue increases 5.1% QoQ to Rs 1,574.5 crore, driven by improvements in the Americas and the rest of the world markets. It appears in a screener of stocks with increasing revenue for the past eight quarters.
Indian Overseas Bank is rising as its board of directors schedules a meeting for May 2 to consider the capital raising plan for FY26 by issuing equity shares.
Zensar Technologies rises sharply as its Q4FY25 net profit grows 10.4% QoQ to Rs 176.4 crore. Revenue rises 2.5% QoQ to Rs 1,358.9 crore, attributed to improvements in the digital & application services and cloud infrastructure & security segments. The company features in a screener of stocks with consistent highest returns over the past five years.
IOL Chemicals and Pharmaceuticals declines following a gas leak incident at its factory in Fatehgarh Chhana village, Barnala, Punjab. The incident involved the accidental release of hydrogen sulfide (H?S), a highly toxic gas, caused by the excessive use of hydrochloric acid (HCl) during a procedural operation. The leak resulted in one fatality and injured four individuals.
#JustIn | Gas leak incident at #IOLChem's factory premises in #Barnala

Four individuals injured, 1 fatality due to gas leak incident pic.twitter.com/1KnNGDCqXq
— CNBC-TV18 (@CNBCTV18Live) April 28, 2025
Ramkrishna Forgings falls sharply after discovering inventory discrepancies during its annual physical verification, estimating a 4-5% impact on its net worth. The company has appointed an external agency to investigate the matter.
Tata Technologies is rising as its net profit grows 12% QoQ to Rs 188.9 crore in Q4FY25, owing to lower expenses on purchases of technology solutions and employee benefits. Revenue remains flat at Rs 1,342.7 crore during the quarter. It appears in a screener of stocks with no debt.
Sonata Software rises sharply as it secures a $73 million (approximately Rs 622.2 crore) digital modernisation contract with a US-based Technology, Media, and Telecom (TMT) company. The company will set up an AI-enabled center in India to support the client’s engineering, cloud services, integration, and security needs.
Kotak Securities projects a 32% YoY growth in Bajaj Finance’s assets under management (AUM) and a 23% increase in net interest income (NII) in Q4FY25. The brokerage expects profit after tax (PAT) to grow by 17.6% YoY, driven by robust loan growth across various segments.
Bajaj Finance is likely to post a healthy performance for the quarter ended March 2025, aided by strong loan growth across consumer, SME, and rural lending segments.https://t.co/WiK4CGQQom
— ETMarkets (@ETMarkets) April 28, 2025
RBL Bank surges as its net profit beats Forecaster estimates by 186.3% despite falling 80.5% YoY to Rs 68.7 crore in Q4FY25 due to higher provisions. However, revenue increases 4.1% YoY to Rs 3,475.6 crore, driven by improvements in the treasury, wholesale, and retail banking segments during the quarter. The bank's asset quality improves as its gross and net NPAs contract by 5 bps and 45 bps YoY, respectively.
Manorama Industries surges to its all-time high of Rs 1,339.9 per share as its Q4FY25 net profit jumps 3.4x YoY to Rs 42.3 crore. Revenue increases 81.7% YoY to Rs 241.9 crore during the quarter. It features in a screener of stocks with consistently high returns over five years.
Tejas Networks plunges as it posts a net loss of Rs 71.8 crore in Q4FY25, compared to a net profit of Rs 146.8 crore in Q4FY24 due to higher raw materials, inventory, and finance costs. However, revenue grows 43% YoY to Rs 1,915 crore, helped by improvements in the domestic and international businesses. It shows up in a screener of stocks with low Piotroski scores.
Crude oil prices in Asia increase marginally amid ongoing uncertainty surrounding US-China trade talks and the planned supply increase by OPEC+, set to begin on May 5. Trade tensions, driven by US tariffs and China’s retaliatory actions, have raised concerns over global economic growth and fuel demand, adding to market volatility. Brent crude trades around $65-67 per barrel, reflecting these mixed pressures.
#CommodityCorner | #Crude prices inch up in Asia on the back of uncertainty on trade talks between US-China and as OPEC+ plans to increase supplies from May 5 @Manisha3005 https://t.co/QARtunZMN0
— CNBC-TV18 (@CNBCTV18News) April 28, 2025
Lloyds Metals & Energy is falling as its net profit drops 27.1% YoY to Rs 201.9 crore in Q4FY25. Revenue decreases 23.2% YoY to Rs 1,193.3 crore due to lower sales from the mining, power, and pellet trading segments during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.
Goldman Sachs buys 59.8 crore shares worth Rs 457.9 crore in Vodafone Idea via a block deal on Friday. Meanwhile, Nokia Solutions and Networks India offload stakes in the company.
L&T Finance's net profit rises 14.9% YoY to Rs 636.2 crore in Q4FY25. Revenue grows 9.6% YoY to Rs 4,022.9 crore, helped by higher interest income. It features in a screener of stocks where promoters are decreasing their shareholding.
Warren Harris, MD and CEO of Tata Technologies, acknowledges the ongoing uncertainty in the macroeconomic landscape and the fluid nature of the current tariff situation. He emphasizes the company's focus on safeguarding profit margins amid these challenges. While the BMW joint venture is progressing ahead of schedule, he notes that their key client, Jaguar Land Rover, is experiencing some difficulties. Harris believes there will be more clarity regarding tariffs within the next month.
Tata Technologies says

????? Macro-economic environment is uncertain & tariff situation is still fluid
???? Priority is to protect margins@warrenkharris @TataTech_News https://t.co/wVPkl0sOSf
— Nigel D'Souza (@Nigel__DSouza) April 28, 2025
HAL rises sharply as India and France are set to finalise a Rs 63,000 crore deal for 26 Rafale-M fighter jets. Reports suggest deliveries will begin three and a half years after the contract is signed.
DCB Bank rises sharply as its net profit grows 13.7% YoY to Rs 177.1 crore in Q4FY25. Revenue increases 20.6% YoY to Rs 1,741.9 crore, driven by improvements in the treasury and retail banking segments. The bank's asset quality improves during the quarter as its gross NPAs contract by 24 bps YoY.
M&M plans to acquire around 59% stake in SML Isuzu for Rs 555 crore to strengthen its position in the commercial vehicle segment above 3.5 tonnes. The deal is expected to double its share to 6% from the current 3%.
Ather Energy raises Rs 1,340 crore from 36 anchor investors ahead of its IPO by allotting around 4.2 crore shares at Rs 321 each. Investors include SBI, Custody Bank of Japan, Aditya Birla Sun Life Insurance, Abu Dhabi Investment Authority, Invesco, Franklin Templeton, ICICI Prudential, Morgan Stanley, and Societe Generale.
Ather Energy raises Rs 1,340 crore from 36 anchor investors ahead of IPOhttps://t.co/atVAxQCCD9
— Economic Times (@EconomicTimes) April 26, 2025
Zydus Lifesciences receives Form 483 with six observations from the US FDA following an inspection at its active pharmaceutical ingredient (API) facility in Gujarat.
Indus Tower’s board of directors schedules a meeting on April 30 to consider a proposal for a bonus issue and buyback of equity shares.
IDFC First Bank is falling as its net profit plunges 59.6% YoY to Rs 304.1 crore in Q4FY25, impacted by a sharp rise in provisions and contingencies. However, revenue increases 14.5% YoY to Rs 9,412.9 crore, driven by improvements in the treasury, wholesale, and retail banking segments. The bank's asset quality improves during the quarter as its gross and net NPAs contract by 1 bps and 7 bps YoY, respectively.
Reliance Industries' Q4FY25 net profit grows 19.3% YoY to RS 22,611 crore owing to lower inventory and excise duty expenses. Revenue increases 10.5% YoY to Rs 2.7 lakh crore, helped by improvements in the oil to chemicals (O2C), retail and digital services segments. It features in a screener of stocks with improving cash flow over the past two years.
Nifty 50 was trading at 24,131.55 (92.2, 0.4%), BSE Sensex was trading at 79,343.63 (131.1, 0.2%) while the broader Nifty 500 was trading at 21,925.30 (77.2, 0.4%).
Market breadth is in the red. Of the 1,984 stocks traded today, 874 showed gains, and 1,053 showed losses.

Riding High:

Largecap and midcap gainers today include Hindustan Aeronautics Ltd. (4,426.30, 5.5%), Reliance Industries Ltd. (1,368.80, 5.3%) and Bharat Petroleum Corporation Ltd. (310, 4.8%).

Downers:

Largecap and midcap losers today include Shriram Finance Ltd. (622, -5.1%), 3M India Ltd. (29,430, -2.0%) and HCL Technologies Ltd. (1,549.30, -1.8%).

Volume Shockers

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

Top high volume gainers on BSE included Garden Reach Shipbuilders & Engineers Ltd. (1,749.60, 8.2%), Mishra Dhatu Nigam Ltd. (313.15, 7.5%) and Bharat Dynamics Ltd. (1,486.50, 5.2%).

Top high volume losers on BSE were Tejas Networks Ltd. (747.85, -12.9%), Shriram Finance Ltd. (622, -5.1%) and Ramkrishna Forgings Ltd. (624.75, -4.9%).

Chalet Hotels Ltd. (812.90, -1.5%) was trading at 4.7 times of weekly average. KPIT Technologies Ltd. (1,231.20, 0.8%) and Bajaj Finserv Ltd. (2,049.70, 0.2%) were trading with volumes 3.7 and 3.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

3 stocks made 52 week highs, while 1 stock tanked below their 52 week lows.

Stocks touching their year highs included - UltraTech Cement Ltd. (12,114, -1.0%), Krishna Institute of Medical Sciences Ltd. (671.25, -0.5%) and Anupam Rasayan India Ltd. (859.60, 0.4%).

Stock making new 52 weeks lows included - Ramkrishna Forgings Ltd. (624.75, -4.9%).

15 stocks climbed above their 200 day SMA including Garden Reach Shipbuilders & Engineers Ltd. (1,749.60, 8.2%) and Hindustan Aeronautics Ltd. (4,426.30, 5.5%). 18 stocks slipped below their 200 SMA including Shriram Finance Ltd. (622, -5.1%) and Equitas Small Finance Bank Ltd. (66.97, -4.3%).

25 Apr 2025

Five Interesting Stocks Today - April 25, 2025

1. Dixon Technologies:

This consumer electronics maker rose over 5.4% on April 22 on reports that Alphabet may shift part of its Pixel smartphone production from Vietnam to India amid potential US tariff hikes. With India bit by lower US tariffs (26% vs. Vietnam’s 46%), it is emerging as a more cost-effective manufacturing hub. Dixon’s subsidiary Padget Electronics currently produces 43,000–45,000 Pixel units a month and is in talks with Foxconn to scale up output.

This move is part of a broader trend among global tech firms to diversify their manufacturing bases amid rising US-China trade tensions. Dixon is well-positioned to benefit from this shift away from China, as India becomes the preferred destination for component manufacturing.

In response to tariffs, China imposed curbs on capital equipment exports used in manufacturing electronic products. Analysts believe these curbs from China will largely impact Apple supplier Foxconn, and Lenovo in India. There are concerns that this move may also hurt Indian players like Dixon, Lava and Micromax.

During Q3, Dixon Technologies’ revenue surged 117.2% YoY to Rs 10,063.2 crore, driven by improvements in the mobile (which contributes 89% of the revenue), home appliances, and lighting products segments. Net profit grew 77.5%. Systematix projects a 159% YoY revenue growth for Q4, led by a sharp jump in the mobile segment. The growth was driven by a ramp-up in volumes at Ismartu, in which Dixon acquired a majority stake in July 2024.

Earlier in April, the Union Cabinet approved a Rs 23,000 crore production-linked incentive (PLI) scheme for electronics component manufacturing. Analysts expect the company to be a key beneficiary of the PLI scheme. They believe the company will ramp up its backward integration into display assembly, camera module assembly and mechanical components.

Meanwhile, on March 27, the company announced a 50:50 joint venture (JV) with Netherlands-based Signify, which owns lighting brands like Philips and EcoLink. The JV aims to manufacture lighting products and accessories in India. Commenting on this, Saurabh Gupta, the CFO, said, “This JV with Signify can drive our lighting segment revenue to Rs 2,000 crore from Rs 800 crore, within the next couple of years”.

Systematix has a buy rating on Dixon Technologies with a Rs 15,587 target price. The brokerage notes that the company is using its strong manufacturing base to expand into high-growth areas like display modules and IT hardware (laptops, tablets).

2.HCL Technologies:

This IT consulting firm rose 9.8% over the past week after announcing its Q4FY25 results. The company’s revenue grew 1.1% QoQ to Rs 30,695 crore in Q4, in line with Forecaster estimates. However, its net profit fell 6.2% QoQ due to higher employee benefits and tax expenses.

If we look at the revenue mix, the IT & Business Services segment, accounting for over 74% of the total revenue, witnessed a marginal growth of 0.3% on a QoQ basis. For FY26, HCL Tech has guided for a revenue growth of 2–5%, while aiming to maintain its EBIT margin in the range of 18–19%.

HCL Tech’s outlook for FY26 looks stronger than its peers, TCS and Infosys. Infosys expects a 0–3% revenue growth this year, while TCS said its FY26 will be better than FY25, but only in terms of international revenue. Analysts say that HCL Tech’s lower-end guidance growth assumes that demand may worsen. The higher end of its guidance depends on a few large deals, which the company expects to close in Q1FY26.

HCL Tech reported a total contract value (TCV) of $3 billion in new deals during Q4. This includes a major deal in the engineering and R&D segment from a US-based company, focused on AI chips and smart vehicles. MD & CEO, C. Vijayakumar, said, “AI-driven efficiency will lead to clients choosing fewer vendors. While this could put pressure on pricing, we are gaining a larger share of business — 95% of contract renewals came with additional work for us.”

However, Vijayakumar noted that the impact of tariffs will hit the manufacturing and consumer sectors first, and then spread more widely after about a quarter. Tariffs and de-globalization could increase costs for clients by making hardware, components, and cross-border operations more expensive. As a result, clients may cut IT budgets, delay major projects, or renegotiate existing contracts—shifting toward smaller or short-term contracts. This could impact revenue growth for Indian IT firms.

Motilal Oswal maintains its ‘Buy’ rating on HCL Tech with a Rs 1,800 target price, implying an upside of 14.1%. The brokerage believes HCL Tech’s guidance is encouraging, as it puts to rest concerns of a weak FY26. At the upper end of the guidance, HCL Tech is expected to outperform both TCS and Infosys. The brokerage expects an 18.5% EBIT margin in FY26, with further recovery likely in FY27 as growth improves.

3. HDFC Bank:

This bank surged to its all-time high of Rs 1,950.7 per share on April 21 as its net profit grew 6.7% YoY to Rs 17,616.1 crore in Q4FY25, helped by higher income and lower provisions. However, revenue declined 8.4% YoY to Rs 77,460 crore due to lower contribution from the treasury segment. It features in a screener of stocks with decreasing provisions.

The company’s revenue and net profit beat Trendlyne’s Forecaster estimates by 1.3% and 2.9%, respectively. Its net interest income rose 10.3% YoY to Rs 32,100 crore, helped by a growth in loan advances in the rural and commercial & rural banking (CRB) segments.

Net interest margin (NIM) expanded by 10 bps YoY to 3.5%, led by the bank’s focus on retail deposits and a rise in current account savings account (CASA) deposits. However, the bank's asset quality deteriorated slightly, as its gross and net non-performing assets (NPAs) rose by nine basis points (bps) and 10 bps YoY, respectively, during the quarter.

The firm’s loan-to-deposit ratio (LDR) improved by 790 bps YoY to 96.5% in FY25, helped by deposit growth (14.1% YoY) outpacing credit growth (5.4% YoY). The bank’s LDR surged to 110% after the demerger of HDFC with HDFC Bank in July 2023, compared to 86-87% pre-merger.

The management plans to bring the LDR down to pre-merger levels by focusing on increasing deposits compared to loans. Speaking on the bank’s LDR, its Chief Financial Officer, Srinivasan Vaidyanathan, said, “We do expect LDR to fall below the 90% mark in FY27-29. We plan on getting the right kind of deposits at the right price to keep that leadership position and gain market share and deposits.

Post results, Axis Direct maintains its ‘Buy’ rating on HDFC Bank with a higher target price of Rs 2,250 per share. This indicates a potential upside of 17.1%. The brokerage believes that, with the CD below 100% and the trajectory in line with the bank’s intention to bring it down to pre-merger levels over the medium term, credit growth will improve in FY26 and mirror systemic credit growth.

4.Waaree Energies:

Thissolar panel manufacturer surged 15% on April 23 following the announcement of itsQ4FY25 results. Waaree Energies’ net profit grew 34.1% YoY to Rs 618.9 crore, beatingForecaster estimates by 24.7% and revenue increased 36.4% YoY to Rs 4,003.9 crore, driven by a 52.6% YoY surge in production volume of solar modules during the quarter.

Waaree Energies is aleading solar manufacturer in India, with a manufacturing capacity of approximately 15 GW, making it the largest in the country. The company has also commissioned a 5.4 GW cell manufacturing facility in Gujarat during FY25, which is also the largest in India.

In Q4FY25, the companyreported a 1.2X YoY increase in EBITDA, reaching Rs 1,059.6 crore. Management attributed this growth to a sharper decline in raw material prices compared to solar panel prices. Amit Pelkar, CEO of the company,said, “We are confident of achieving our EBITDA guidance for 2026, which is between 5,500 and 6,000 crore.”

As of March 25, the companyholds an order book worth approximately Rs 47,000 crore, which includes around 25 GW of solar modules and 3.2 GW of engineering, procurement, and construction (EPC) projects. The orders are spread across both domestic and international markets, with about 46% from India and 54% from overseas. A large share of international orders comes from the US.

The company plans to add 4.8 GW of additional module manufacturing capacity by FY27. In addition, a fully integrated 6 GW facility for ingots, wafers, cells, and modules is scheduled for completion by FY27, with a planned capital expenditure of Rs 9,000 crore.

The US hasimposed tariffs of up to 3,521% on solar panel imports from Southeast Asian countries, primarily targeting Chinese companies that manufacture there. This affects more than 75% of the US solar module supply, opening the doors for other suppliers to fill the gap. Waaree Energies plans to take advantage of the situation by doubling its Texas manufacturing capacity to 3.2 GW.

Jefferies downgraded the stock to ‘Underperform’ even after strong results, pointing to expensive valuations, a shrinking overseas order book, high module inventory in the US, and potential demand slowdown from FY27 amid policy uncertainties.

5. Just Dial:

This internet software & services company rose by 6.7% after it announced its Q4FY25 & full year results on April 21. The company’s Q4FY25 net profit rose by 36.2% YoY to Rs 157.6 crore due to lower finance costs and employee benefit expenses. Revenue for the quarter rose by 10% YoY to Rs 397.9 crore on the back of 11.8% YoY rise in Total Traffic (Unique Visitors). The stock appears in a screener for undervalued growth stocks.

The company beat Trendlyne’s forecaster, Q4FY25 net profit estimate by 17.7%. However, it missed the revenue estimate by 1.2% due to flat growth in paid campaigns. Notably, the company’s employee headcount increased by 2.6% QoQ, mostly on account of hiring in tele-marketing staff and feet-on-street staff (for cold calling).

Abhishek Bansal, CFO of Just Dial, said, “We had aimed for around 25% margins by year-end but ended up exceeding 29%. This year, we're comfortable with our current margin levels, but our focus will be on accelerating top-line growth. Our advertising budget will remain to be around 2.5% to 3% of the top line at this point of time.”

Citing weaker recent revenue growth and collections, JM Financial has projected Just Dial's EBITDA margin estimates to grow by 10-90bps for FY26-27, and expects stable margins amid limited revenue growth and flat advertising spend. Nevertheless, JM Financial forecasts Just Dial's core PAT to roughly double to Rs 260 crore by FY27.

ICICI Securities maintains its ‘Hold’ rating on Just Dial. The brokerage notes that visibility on potential cash distribution to shareholders and future growth in paid campaign conversions will turn out to be positives for the company. The company has beaten the target price of Rs 968 given by the brokerage.

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

25 Apr 2025

Market closes lower, Maruti Suzuki's Q4 net profit misses Forecaster estimates by 4%

Nifty 50 closed at 24,039.35 (-207.4, -0.9%), BSE Sensex closed at 79,212.53 (-588.9, -0.7%) while the broader Nifty 500 closed at 21,848.15 (-332.5, -1.5%). Market breadth is highly negative. Of the 2,433 stocks traded today, 320 were on the uptrend, and 2,092 went down.

Indian indices closed in the red, weighed down by declining hotel, port infrastructure, and aviation stocks amid rising India-Pakistan tensions. The Indian volatility index, Nifty VIX, rose 5.6% and closed at 17.2 points. LIC Housing Finance announced a 25 bps reduction in its housing prime lending rate (HPLR) to 8%, effective April 28.

Nifty Midcap 100 and Nifty Smallcap 100 closed in the red, following the benchmark index. Nifty High Beta 50 & Nifty Media were among the top index losers today. According to Trendlyne’s Sector dashboard, Hardware Technology & Equipment emerged as the worst-performing sector of the day, with a fall of 4.5%.

Asian indices closed higher, except Indian indices. European indices are trading in the green. US index futures traded higher, indicating a positive start to the trading session. Google’s parent company, Alphabet reported Q1 revenue of $90.2 billion, beating the analyst estimates by 1.2%. Google Services revenue climbed 10% YoY to $32.7 billion, thanks to strong performance across Google Search, Google subscription, platform & devices, and YouTube ads.

Relative strength index (RSI) indicates that stocks like Solar Industries, MRF, GMR Airports and L&T Finance are in the overbought zone.
Hindustan Zinc's net profit surges 47.4% YoY to Rs 3,003 crore in Q4FY25, helped by inventory destocking. Revenue increases 20.4% YoY to Rs 9,087 crore, driven by higher sales from the zinc, lead and silver segment during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding over the past two months.
Maruti Suzuki India falls as its Q4FY25 net profit falls 1% YoY to Rs 3,911.1 crore due to higher raw materials, employee benefits and other expenses. Revenue rises 6.4% YoY to Rs 40,920.1 crore during the quarter. The company features in a screener of stocks where mutual funds decreased their shareholding over the past quarter.
VST Industries falls sharply as its Q4FY25 net profit declines 39.7% YoY to Rs 53 crore. Revenue falls by 8.2% YoY to Rs 463.2 crore during the quarter. It appears in a screener of stocks with zero debt.
HP India partners with Dixon Technologies to start local production of laptops, desktops, and all-in-one PCs in May. HP India's Senior VP & MD, Ipsita Dasgupta, expects this to nearly double HP’s manufacturing output in India. HP is among 27 companies approved under the Rs 17,000-crore IT hardware PLI scheme launched in 2023.
HP teams up with Dixon to kick off local production in May, aiming to nearly double output and tap into India's rising demand and PLI-driven manufacturing push#HP #DixonTechnologies #PLI #Laptops #HPIndia https://t.co/nyUiLUJlYf
— Business Standard (@bsindia) April 25, 2025
KR Choksey maintains its 'Hold' call on Jio Financial Services, with a lower target price of Rs 268 per share. This indicates a potential upside of 5.7%. The brokerage remains cautiously optimistic about the company due to near-term pressures from expansion and ongoing investments.
Interglobe Aviation falls sharply as tensions rise between India and Pakistan. Pakistan shuts its airspace to Indian carriers, impacting flights from cities like Delhi, Amritsar, and Jaipur, leading to longer routes.
L&T Technology Services falls sharply as its Q4FY25 net profit declines 3.5% QoQ to Rs 311.1 crore due to higher employee benefits, finance, and depreciation & amortisation expenses. However, revenue grows 12.8% QoQ to Rs 3,031.7 crore owing to improvements in the mobility, sustainability, and tech segments. It shows up in a screener of stocks with increasing trend in non-core income.
Nuvama Institutional Equities expects Reliance Industries to post a Q4 profit of Rs 17,435.6 crore, down 8% YoY from Rs 18,951 crore in the same quarter last year. It projects a 2% YoY increase in consolidated EBITDA, driven by strong performance in the digital and retail businesses.
#MarketToday | RIL Q4 results 2025 today: Most-valued stock falls ahead of earnings; what analysts say https://t.co/RVNHNtNJXH
— Business Today (@business_today) April 25, 2025
LIC Housing Finance announces a 25 bps reduction in its housing prime lending rate (HPLR), effective April 28. The revised home loan rates will now start from 8%, down from the earlier 8.25%.
HBL Engineering secures five orders worth Rs 762.6 crore from Central Railway to implement Kavach systems across 413 stations, covering 3,900 km.
Indian Energy Exchange (IEX) is rising as its Q4FY25 net profit grows 21.1% YoY to Rs 117.1 crore. Revenue increases 17% YoY to Rs 174.6 crore, driven by an improvement in traded electricity volume on the back of increased demand. It features in a screener of stocks with negative to positive growth in sales and profit, and strong price momentum.
Hotel stocks such as IHCL, Lemon Tree, and ITC Hotels decline following reported cancellations after the terror attack in Pahalgam (Jammu & Kashmir) during the peak season. ICICI Securities expects a temporary drop in tourist arrivals to Kashmir, with domestic travellers likely shifting to alternative destinations in the near term.
#MarketsWithBS | Hotel stocks slide, IHCL, Lemon Tree, ITC Hotels down up to 6%; here's why#Stocks #markets #stockmarketindia #stockmarketnews #sharemarket #HotelStocks #IHCL #LemonTree #ITCHotels https://t.co/58EQw8d1Pp
— Business Standard (@bsindia) April 25, 2025
Aavas Financiers' net profit grows 7.8% YoY to Rs 153.7 crore in Q4FY25. Revenue increases 16.5% YoY to Rs 636.2 crore due to higher interest income and fees & commission income. The company appears in a screener of stocks with an increasing trend in non-core income.
MphasiS is rising as its Q4FY25 net profit grows 4.4% QoQ to Rs 446.5 crore. Revenue increases 4% QoQ to Rs 3,770 crore, driven by improvements in the banking & financial services, technology, media & telecom, and insurance segments. It appears in a screener of stocks with increasing revenue for the past four quarters.
Paras Defence and Space Technologies' board of directors schedules a meeting on April 30 to consider and approve a proposal for the sub-division / split of equity shares. The board will also announce the company's Q4FY25 and FY25 results during the meeting.
Vodafone Idea declines over 5% as 104 crore shares (1.4% equity), amounting to Rs 823 crore, reportedly change hands in a block deal
Vodafone Idea | 104 crore shares worth Rs 823 crore change hands in multiple large trades. #NDTVProfitStocks

For the latest #stockmarket updates, visit: https://t.co/rIwlqLsvAw pic.twitter.com/TvBFGTWY6h
— NDTV Profit (@NDTVProfitIndia) April 25, 2025
Prestige Estates board approves an offer for sale of up to Rs 1,000 crore in its subsidiary, Prestige Hospitality Ventures (PHVL). The company files a draft red herring prospectus (DRHP) with SEBI for an IPO to raise Rs 2,700 crore.
Cyient’s Q4FY25 net profit grows 39.3% QoQ to Rs 170.4 crore, driven by improvement in project execution and cost control. Revenue increases 2.1% QoQ to Rs 1,950 crore due to order wins. The firm appears in a screener of stocks where mutual funds increase stakes in Q4FY25.
PB Fintech invests Rs 539.4 crore in its subsidiary, PB Healthcare Services, by subscribing to equity shares. This is the first round of seed funding, with external investors and PB Fintech investing a total of Rs 1,461.6 crore in the subsidiary.
Nuvama maintains its 'Buy' rating on SBI Cards with a higher target price of Rs 1,070. The brokerage notes improved asset quality for SBI Cards in Q4FY25 after two years of decline. It highlights the CEO's guidance of 12–14% loan growth and stable NIM. While a rate cut cycle may reduce the cost of funds, the brokerage believes it could also lower EMI product yields.
#BrokerageRadar | Nuvama on SBI Cards: Maintain Buy, target price Rs 1070 vs 885@Nuvama_Wealth @SBICard_Connect #StockMarket pic.twitter.com/g2FMqEj3Ax
— ET NOW (@ETNOWlive) April 25, 2025
Patel Engineering surges as it secures two contracts worth Rs 2,037 crore for civil construction work for a 240 MW hydroelectric project in Arunachal Pradesh and a 1,209-metre dam in Maharashtra.
Macrotech Developers is rising as its net profit grows 38.5% YoY to Rs 921.7 crore in Q4FY25, aided by lower depreciation and amortisation expenses. Revenue increases 5.1% YoY to Rs 4,224.3 crore during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.
Axis Bank is falling as its net profit declines marginally by 0.2% YoY to Rs 7,117.5 crore in Q4FY25. Revenue increases 6.9% YoY to Rs 31,242.5 crore, driven by improvements in the wholesale and retail banking segments. The bank's asset quality improves during the quarter as its gross NPAs contract by 15 bps YoY.
Tech Mahindra's Q4FY25 net profit grows 18.7% QoQ to Rs 1,166.7 crore, led by lower sub-contracting and impairment of goodwill expenses, and a deferred tax return of Rs 176.9 crore. Revenue increases 1.9% QoQ to Rs 13,556.7 crore, helped by an improvement in the IT segment. It features in a screener of stocks outperforming their industries over the past month.
Nifty 50 was trading at 24,344.80 (98.1, 0.4%), BSE Sensex was trading at 79,941.24 (139.8, 0.2%) while the broader Nifty 500 was trading at 22,242.15 (61.5, 0.3%).
Market breadth is in the red. Of the 1,932 stocks traded today, 814 were on the uptrend, and 1,058 went down.

Riding High:

Largecap and midcap gainers today include SBI Life Insurance Company Ltd. (1,695.10, 5.4%), MphasiS Ltd. (2,538.60, 2.9%) and Persistent Systems Ltd. (5,273.50, 2.3%).

Downers:

Largecap and midcap losers today include SBI Cards and Payment Services Ltd. (867.55, -6.4%), ACC Ltd. (1,938, -6.2%) and Shriram Finance Ltd. (655.20, -6.0%).

Volume Shockers

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

Top high volume gainers on BSE included SBI Life Insurance Company Ltd. (1,695.10, 5.4%), Dr. Lal Pathlabs Ltd. (2,911.20, 4.4%) and Archean Chemical Industries Ltd. (656.70, 3.0%).

Top high volume losers on BSE were SBI Cards and Payment Services Ltd. (867.55, -6.4%), Cyient Ltd. (1,170.80, -5.8%) and L&T Technology Services Ltd. (4,256.10, -5.0%).

Indian Energy Exchange Ltd. (190.50, -0.2%) was trading at 16.8 times of weekly average. Jubilant Ingrevia Ltd. (695.65, 2.3%) and Esab India Ltd. (4,604.50, -1.2%) were trading with volumes 8.7 and 7.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

7 stocks made 52 week highs,

Stocks touching their year highs included - JK Cement Ltd. (5,245.30, -0.3%), Solar Industries India Ltd. (1,2757, -3.7%) and UltraTech Cement Ltd. (12,237, 0.6%).

7 stocks climbed above their 200 day SMA including Archean Chemical Industries Ltd. (656.70, 3.0%) and Jubilant Ingrevia Ltd. (695.65, 2.3%). 35 stocks slipped below their 200 SMA including Motilal Oswal Financial Services Ltd. (694.90, -8.1%) and Garden Reach Shipbuilders & Engineers Ltd. (1,616.80, -6.5%).

24 Apr 2025

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

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

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

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

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

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

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

It outlined four primary reasons for its renewed confidence.

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

Riding High:

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

Downers:

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

Volume Rockets

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

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

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

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

BSE 500: highs, lows and moving averages

12 stocks overperformed with 52 week highs,

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

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

24 Apr 2025

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

By Abdullah Shah

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Railway PSEs surge due to higher government spending

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

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

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

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

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

Government orders boost power and finance PSEs

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

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

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

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

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

23 Apr 2025

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

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

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

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

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

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

In this week's Analyticks:

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

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

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

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

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

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

The Indian opportunity amid the trade chaos

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

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

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

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

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

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

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

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

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

FIIs increase stakes in fertilizers and banking stocks

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

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

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

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

You can find more screeners here.

23 Apr 2025

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

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

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

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

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

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

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

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

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

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

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

Riding High:

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

Downers:

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

Crowd Puller Stocks

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

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

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

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

BSE 500: highs, lows and moving averages

6 stocks made 52 week highs,

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

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

22 Apr 2025

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

By Ruchir Sankhla

1. Indian Hotels Company:

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

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

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

2. Zydus Lifesciences:

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

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

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

3. HDFC Life Insurance:

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

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

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

4. Vishal Mega Mart:

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

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

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

5. Kansai Nerolac Paints:

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

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

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

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

(You can find all analyst picks here)

22 Apr 2025

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