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Trendlyne Marketwatch
Trendlyne Marketwatch
23 May 2025
Market closes higher, BEML's Q4 net profit grows 12% YoY to Rs 287.6 crore
By Trendlyne Analysis

Nifty 50 closed at 24,853.15 (243.5, 1.0%), BSE Sensex closed at 81,721.08 (769.1, 1.0%) while the broader Nifty 500 closed at 22,781.05 (186.1, 0.8%). Market breadth is in the green. Of the 2,418 stocks traded today, 1,414 were on the uptick, and 959 were down.

Indian indices closed higher after rising in the morning session. The Indian volatility index, Nifty VIX, rose 0.1% and closed at 17.2 points. Honasa Consumer closed 18.8% higher as its Q4FY25 revenue increased 13% YoY to Rs 554.3 crore, beating Forecaster estimates by 9.1%, driven by double-digit growth in the e-commerce segment.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. S&P BSE Dollex 30 and Nifty FMCG Indices were among the top index gainers today. According to Trendlyne’s sector dashboard, Retailing emerged as the top-performing sector of the day, with a rise of 2%.

Asian indices closed higher, except for South Korea’s KOSPI, which closed lower. European indices are trading mixed. US index futures are trading flat, as investors stay cautious amid high US debt and a major tax cut bill. Brent crude futures are trading flat after falling 0.7% on Thursday.

  • Relative strength index (RSI) indicates that stocks like Pfizer, Bharat Electronics, Intellect Design Arena, and SKF are in the overbought zone.

  • Devyani International’s Q4FY25 revenue grows 15.4% YoY to Rs 1,225.7 crore. Net losses widen to Rs 14.7 crore from Rs 7.4 crore YoY, driven by higher employee costs and increased price of food ingredients. The firm appears in a screener of stocks where foreign institutional investors (FII) increased their stakes in Q4FY25.

  • BEML rises sharply as its Q4FY25 net profit grows 12% YoY to Rs 287.6 crore, helped by lower raw materials expenses. Revenue jumps 9.1% YoY to Rs 1,656.4 crore during the quarter. It appears in a screener of stocks with improving returns on equity (RoE) over the last two years.

  • Grasim Industries rises as its Q4FY25 net profit grows 9.2% YoY to Rs 1,495.9 crore, led by lower inventory expenses. Revenue jumps 17% YoY to Rs 44,650.7 crore, attributed to improvements in the cellulosic fibres, chemicals, building materials, and financial services segments. It features in a screener of stocks with consistently high returns over the past five years.

  • ICICI Bank expects global crude oil prices to trend lower in 2025, revising its Brent forecast to $60–70/bbl, with a potential dip to $55. It cites factors like the OPEC+ output, China’s stimulus, and Iran-related geopolitical risks.

  • Premier Explosives' Q4FY25 net profit declines 44.6% YoY to Rs 3.7 crore. Revenue decreases 14.6% YoY to Rs 74.6 crore, driven by weak growth in bulk explosives and the defence service segment. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • GMR Airports is falling as its net loss expands 96.4% YoY to Rs 237.6 crore in Q4FY25 due to higher revenue share payable to concessionaire grantors and material costs. However, revenue increases 17% YoY to Rs 2,863.3 crore, driven by higher passenger traffic during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding over the past two months.

  • Bondada Engg surges to its 10% upper circuit as it bags a Rs 9,000 crore order from the Andhra Pradesh Govt for 2000 megawatt (MW) alternating current (AC)/2600 megawatt peak (MWp) direct current (DC) solar power plants. The company will set up the plants in the Ananthapuramu and Sri Sathya Sai districts.

  • RBI Governor Sanjay Malhotra says India’s economic growth may face short-term pressures from global tariff tensions, particularly due to US trade policies under President Trump. However, he expects the economy to remain resilient, helped by strong domestic demand, robust services exports, and a low dependence on goods exports, constituting just 12% of the GDP.

  • Alembic Pharmaceuticals receives final approval from the US FDA to manufacture Amlodipine and Atorvastatin tablets used to treat high blood pressure and lower cholesterol levels. Amlodipine has a market size of $1.8 billion, and Atorvastatin tablets have a market size of $1.2 billion.

  • Indoco Remedies is rising as it receives final approval from the US FDA for its abbreviated new drug application (ANDA) for Allopurinol Tablets. The tablets, used to treat joint pain, had a market size of $1.2 billion in 2024.

  • Honasa Consumer's Q4FY25 net profit declines 18% YoY to Rs 24.9 crore due to increased advertising expenses. However, revenue increases 13% YoY to Rs 554.3 crore, driven by double-digit growth in the e-commerce segment. The firm appears in a screener of stocks where foreign institutional investors (FII) increased their stakes in Q4FY25.

  • Jindal Poly Films declines due to a fire at its subsidiary JPFL Films' Nashik plant, which started on May 21. The fire, which reportedly affected 90% of the plant’s production capacity, continues to smoulder into its fourth day, causing major operational disruptions. The blaze began in a raw material warehouse and was fueled by chemicals and plastics. No fatalities were reported.

  • Power Mech Projects rises sharply as its Q4FY25 net profit grows 38.7% YoY to Rs 117.2 crore, helped by lower inventory costs. Revenue increases 42.5% YoY to Rs 1,870 crore during the quarter. It features in a screener of stocks with strong QoQ earnings per share (EPS) growth in recent results.

  • Greenpanel Industries is falling as its net profit plunges 56.8% YoY to Rs 29.8 crore in Q4FY25 due to inventory build-up. Revenue decreases 5.5% YoY to Rs 345.3 crore, driven by lower sales from the plywood and medium density fibreboard segments during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding in the past quarter.

  • The Ramco Cements' Q4FY25 net profit plunges 78.8% YoY to Rs 27.4 crore due to higher raw materials and finance costs. Revenue declines 10.9% YoY to Rs 2,409.7 crore, caused by lower cement sales. It shows up in a screener of stocks with decreasing net cash flows.

  • Goldman Sachs maintains its 'Buy' rating on HPCL & BPCL and a 'Neutral' rating on IOC with revised target prices of Rs 475, Rs 410, and Rs 125, respectively. The brokerage believes OMCs are in a "sweet spot" due to improving macro outlook and strong refining and marketing margins. It also raises FY26–27 EBITDA estimates by an average of 26% and 5%, respectively.

  • Tata Steel expands its crude steel capacity from 3 MTPA to 8 MTPA at its Kalinganagar plant in Odisha with an investment of Rs 27,000 crore.

  • Waaree Energies falls sharply as US President Donald Trump signs a bill to eliminate funding granted under the Biden Administration, removing the 30% federal tax credit for solar rooftop installations. As of Q1FY26, exports make up 57% of Waaree Energies' order book.

  • Gujarat State Petronet is falling as its net profit plunges 53.6% YoY to Rs 220.3 crore in Q4FY25 due to higher material costs and the absence of a one-time gain from exceptional items last year. Revenue decreases 5.3% YoY to Rs 4,290.5 crore during the quarter. The company appears in a screener of stocks with declining profits every quarter for the past four quarters.

  • Lloyds Engineering Works rises over 4% as 2.7 crore shares (2.3% equity), amounting to Rs 130 crore, reportedly change hands in a block deal.

  • Trent and Bharat Electronics will replace Nestle India and IndusInd Bank in the BSE Sensex index, effective June 23. The rebalancing is expected to bring passive inflows of Rs 2,592 crore ($304 million) into Trent and Rs 2,947 crore ($354 million) into Bharat Electronics.

  • Deepak Fertilisers & Petrochemicals is falling as its Q4FY25 EBITDA margin contracts 414 bps YoY despite net profit growing 29.1% YoY to Rs 277.2 crore, driven by lower tax expenses. Revenue rises 25.9% YoY to Rs 2717 crore due to improvements in the traded and manufactured fertilisers segments. It features in a screener of top loser stocks.

  • Metro Brands is rising as its net profit beats Forecaster estimates by 13.4% despite falling 38.9% YoY to Rs 94.8 crore in Q4FY25 due to the absence of last year's tax benefits. However, revenue increases 10.3% YoY to Rs 642.8 crore, helped by strong demand for its premium products during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Sun Pharmaceutical Industries' Q4FY25 net profit declines 18.9% YoY to Rs 2,153.9 crore due to higher raw materials, and employee benefits expenses, and an exceptional loss of Rs 361.7 crore for legal expenses and foreign exchange losses. However, revenue grows 7.8% YoY to Rs 13,571.7 crore, driven by improvements in the formulations and specialty segments. It shows up in a screener of stocks with high promoter pledges.

  • Nifty 50 was trading at 24,618.50 (8.8, 0.0%), BSE Sensex was trading at 81,043.57 (91.6, 0.1%) while the broader Nifty 500 was trading at 22,584.85 (-10.2, 0.0%).

  • Market breadth is in the red. Of the 1,905 stocks traded today, 697 were gainers and 1,164 were losers.

Riding High:

Largecap and midcap gainers today include Bajaj Holdings & Investment Ltd. (13,748, 4.2%), Varun Beverages Ltd. (488.75, 4.1%) and Max Financial Services Ltd. (1,470, 4.0%).

Downers:

Largecap and midcap losers today include GMR Airports Ltd. (86.86, -2.4%), Container Corporation of India Ltd. (720.90, -2.3%) and Sun Pharmaceutical Industries Ltd. (1,683.60, -2.0%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Honasa Consumer Ltd. (329.25, 19.7%), IFCI Ltd. (55.26, 10.7%) and TBO Tek Ltd. (1,320.90, 10.2%).

Top high volume loser on BSE was Sun Pharmaceutical Industries Ltd. (1,683.60, -2.0%).

The Ramco Cements Ltd. (1,006.10, 1.9%) was trading at 18.2 times of weekly average. Metro Brands Ltd. (1,210.60, 1.8%) and Clean Science & Technology Ltd. (1,433.20, 7.9%) were trading with volumes 15.8 and 12.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

12 stocks hit their 52 week highs, while 1 stock were underachiever and hit their 52 week lows.

Stocks touching their year highs included - Bharat Electronics Ltd. (383.80, 0.1%), EID Parry (India) Ltd. (999.25, 1.8%) and MRF Ltd. (14,3670, 0.9%).

Stock making new 52 weeks lows included - Aditya Birla Fashion and Retail Ltd. (88.55, -1.5%).

18 stocks climbed above their 200 day SMA including Honasa Consumer Ltd. (329.25, 19.7%) and Clean Science & Technology Ltd. (1,433.20, 7.9%). 10 stocks slipped below their 200 SMA including Poly Medicure Ltd. (2,406.20, -1.7%) and Kirloskar Brothers Ltd. (1,837.70, -1.3%).

 
Trendlyne Marketwatch
Trendlyne Marketwatch
22 May 2025
Market closes lower, Strides Pharma's Q4 net profit surges 5x YoY to Rs 113 crore
By Trendlyne Analysis

Nifty 50 closed at 24,609.70 (-203.8, -0.8%), BSE Sensex closed at 80,951.99 (-644.6, -0.8%) while the broader Nifty 500 closed at 22,595 (-135.7, -0.6%). Market breadth is in the red. Of the 2,427 stocks traded today, 1,077 were on the uptrend, and 1,303 went down.

Indian indices closed lower after dropping in the morning session due to fears of a high US fiscal deficit. The Indian volatility index, Nifty VIX, fell 1.7% and closed at 17.3 points. Mankind Pharma closed 3.8% in the red as its Q4FY25 net profit declined 10.7% YoY to Rs 420.8 crore due to higher raw materials, inventory, employee benefits, finance, and depreciation & amortisation expenses. However, revenue grew 32.5% YoY to Rs 3,330.7 crore.

Nifty Smallcap 100 and Nifty Midcap 100 closed lower, following the benchmark index. Nifty FMCG and Nifty IT were among the worst-performing indices of the day. According to Trendlyne’s sector dashboard, Hardware Technology & Equipment emerged as the worst-performing sector of the day, with a fall of 2.4%.

European indices are trading in the red, except Portugal’s PSI index, which is trading 0.2% higher. Major Asian indices closed lower, except Indonesia’s IDX Composite and Sri Lanka’s CSE All-Share indices, which closed 0.4% and 1.2% higher. US index futures are trading mixed, indicating a cautious start to the session, ahead of the US House of Representatives’ vote on President Donald Trump’s sweeping tax and spending bill.

  • Aditya Birla Fashion & Retail sees a short buildup in its May 29 futures series, with open interest increasing by 22.8% and a put-call ratio of 0.5.

  • Strides Pharma's Q4FY25 net profit surges 5x YoY to Rs 113 crore. Revenue jumps 17% YoY to Rs 1,190 crore, driven by new product launches in the US and Africa. The firm appears in a screener of stocks where mutual funds (MF) increased their stakes over the past two months.

  • Astral surges as its Q4FY25 net profit beats Forecaster estimates by 1.7% despite falling 1.3% YoY to Rs 179.3 crore due to higher employee benefit expenses. However, revenue increases 3.5% YoY to Rs 1,681.4 crore, driven by higher sales from the plumbing and paints & adhesives segments during the quarter. The company appears in a screener of stocks with increasing profits every quarter for the past two quarters.

  • VRL Logistics' Q4FY25 net profit surges 244.7% YoY to Rs 74.2 crore. Revenue rises 5% YoY to Rs 811.5 crore, driven by higher freight rates and exits from low-margin business segments. It appears in a screener of stocks with lower PEG ratio than the industry.

  • Bajaj Auto announces plans to acquire majority control of Austrian motorcycle manufacturer KTM AG through its wholly owned subsidiary, Bajaj Auto International (BAIHBV), in a deal worth Rs 7,765 crore. The company says the acquisition supports KTM’s ongoing restructuring, ensures operational continuity, and expands Bajaj’s global footprint in the motorcycle market.

  • Gulf Oil Lubricants India's Q4FY25 net profit rises 6.9% YoY to Rs 92.2 crore, helped by inventory destocking. Revenue increases 9.6% YoY to Rs 952.7 crore, driven by growth in the personal mobility and motorcycle oils segments during the quarter. The company appears in a screener of stocks with improving cash flow from operations over the past two years.

  • Salzer Electronics secures an order worth Rs 192 crore from Bruhat Bengaluru Mahanagara Palike (BBMP) to install a centralized control and monitoring system (CCMS) for street lights and replace existing conventional streetlights in Bengaluru.

  • Star Cement is falling as its Q4FY25 net profit misses Forecaster estimates by 5%, despite growing 40.5% YoY to Rs 123.2 crore, driven by lower raw materials expenses and inventory destocking. Revenue rises 14.7% YoY to Rs 1,057.1 crore during the quarter. It shows up in a screener of stocks where promoters increased pledged shares QoQ.

  • Ashok Kumar Tyagi, Managing Director of DLF, highlights the rental run rate of around Rs 600 crore for FY25 and expects it to rise to Rs 7,500 crore by March 2026, supported by contributions from DLF and Cyber City. He reiterates DLF’s pre-sales target of Rs 22,000 crore for FY26 and emphasises the company's focus on maintaining strong free cash flows and embedded margins over volume growth.

  • HG Infra Engineering plunges as its Q4FY25 net profit declines 22.7% YoY to Rs 147 crore, owing to higher employee benefits and finance costs. Revenue falls 20.4% YoY to Rs 1,363.9 crore during the quarter. It features in a screener of stocks with declining returns on equity (RoE) over the past two years.

  • Ircon International is falling as its Q4FY25 net profit declines 14.6% YoY to Rs 210.9 crore, caused by higher raw materials and finance costs. Revenue decreases 9.7% YoY to Rs 3,515.3 crore due to reductions in the international and domestic businesses. It appears in a screener of stocks with low Piotroski scores.

  • Mankind Pharma falls sharply as its Q4FY25 net profit declines 10.7% YoY to Rs 420.8 crore due to higher raw materials, inventory, employee benefits, finance, and depreciation & amortisation expenses. However, revenue grows 32.5% YoY to Rs 3,330.7 crore, driven by improvements in the consumer healthcare, domestic and export businesses. It appears in a screener of stocks with an increasing trend in non-core income.

  • India’s Composite PMI rose to 61.2 in May, up from 59.7 in April, the fastest increase since April 2024. The increase is primarily driven by robust growth in the services sector, strong domestic and international demand, and continued investments in technology and capacity expansion.

  • Oil India is falling as its Q4FY25 net profit declines 38.8% YoY to Rs 1,310.1 crore due to higher contract, consumption of stores & spare parts, and finance costs. Revenue decreases 1.8% YoY to Rs 9,190.6 crore, caused by reductions in the crude oil, refinery products, and pipeline transportation segments. It shows up in a screener of stocks with growing costs YoY for long-term projects.

  • BSE falls sharply after reports suggest that the Securities and Exchange Board of India (SEBI) will likely approve the National Stock Exchange’s (NSE) request to introduce Tuesday as the weekly expiry day for derivatives contracts.

  • Colgate-Palmolive (India) is falling as its net profit declines 6.5% YoY to Rs 355 crore in Q4FY25 due to higher stock-in-trade purchases, employee benefit expenses, and advertising costs. Revenue decreases 1.9% YoY to Rs 1,462.5 crore during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Goldman Sachs reiterates its 'Sell' rating on Colgate-Palmolive (India) with a target price of Rs 2,630, citing a weak Q4 performance. The firm notes a 1.8% YoY decline in domestic revenue, falling 3% short of its estimates. It expects intense competition in the oral care segment to challenge Colgate’s margin expansion efforts, further pressured by a 100 basis point rise in advertising expenditure.

  • Va Tech Wabag's Q4FY25 net profit surges 37.4% YoY to Rs 99.5 crore. Revenue jumps 23.9% YoY to Rs 1,167.6 crore, driven by higher order inflows. The firm appears in a screener of stocks where foreign institutional investors (FII) increased their stakes in Q4FY25.

  • Garden Reach Shipbuilders is rising as it emerges as the lowest bidder for a Rs 25,000 crore order from the Ministry of Defence (MoD) to build five Next Generation Corvette (NGC) ships for the Indian Navy.

  • National Aluminium is rising as its Q4FY25 net profit surges 107.4% YoY to Rs 2,067.2 crore, helped by lower raw materials, employee benefits, and depreciation & amortisation expenses. Revenue jumps 47.2% YoY to Rs 5,393.4 crore, led by improvements in the chemicals and aluminium segments. It features in a screener of undervalued growth stocks.

  • Nomura retains a 'Neutral' rating on IndusInd Bank with a target price of Rs 700, citing concerns over accounting lapses and elevated slippages in the microfinance institution (MFI) segment. The brokerage anticipates subdued business growth and profitability. It also reduces its FY26–27 EPS estimates by 36–38%.

  • NBCC secures an order worth Rs 161.5 crore from Power Finance Corporation (PFC) for interior works at the World Trade Centre, New Delhi.

  • IndusInd Bank posts a net loss of Rs 2,328.9 crore in Q4FY25 compared to a net profit of Rs 2,349.2 crore due to higher interest, employee benefits and provisions expenses. Revenue declines 22.9% YoY to Rs 11,342.7 crore due to reductions in the treasury operations and retail banking segments. The bank's asset quality worsens as its gross and net NPAs grow 121 bps and 38 bps YoY, respectively.

  • InterGlobe Aviation's Q4FY25 net profit surges 61.9% YoY to Rs 3,067.5 crore due to lower fuel cost. Revenue increases 24.3% YoY to Rs 22,151.9 crore, driven by higher air traffic and ticket prices during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Oil And Natural Gas Corp's Q4FY25 net profit declines 27.6% YoY to Rs 7,322.8 crore due to higher material and exploration well costs. However, revenue increases 2.4% YoY to Rs 1,70,811.7 crore, driven by higher sales from the exploration and production segment in India during the quarter. The company appears in a screener of stocks with improving cash flow from operations over the past two years.

  • Nifty 50 was trading at 24,643.05 (-170.4, -0.7%), BSE Sensex was trading at 81,220.46 (-376.2, -0.5%) while the broader Nifty 500 was trading at 22,608.85 (-121.8, -0.5%).

  • Market breadth is in the red. Of the 1,937 stocks traded today, 819 showed gains, and 1,062 showed losses.

Riding High:

Largecap and midcap gainers today include Solar Industries India Ltd. (15,008, 5.8%), Astral Ltd. (1,442.40, 4.7%) and Berger Paints (India) Ltd. (566.40, 3.2%).

Downers:

Largecap and midcap losers today include Colgate-Palmolive (India) Ltd. (2,487.10, -6.5%), General Insurance Corporation of India (420.55, -3.6%) and Mankind Pharma Ltd. (2,439.20, -3.6%).

Volume Rockets

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

Top high volume gainers on BSE included Tata Teleservices (Maharashtra) Ltd. (76.68, 11.0%), Fortis Healthcare Ltd. (723.80, 7.7%) and Astral Ltd. (1,442.40, 4.7%).

Top high volume losers on BSE were Aditya Birla Fashion and Retail Ltd. (89.85, -66.6%), Colgate-Palmolive (India) Ltd. (2,487.10, -6.5%) and Mankind Pharma Ltd. (2,439.20, -3.6%).

Network18 Media & Investments Ltd. (48.56, 4.0%) was trading at 6.5 times of weekly average. Relaxo Footwears Ltd. (439.65, 1.8%) and Craftsman Automation Ltd. (5,535.50, 4.5%) were trading with volumes 5.1 and 4.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

8 stocks overperformed with 52 week highs, while 1 stock hit their 52 week lows.

Stocks touching their year highs included - Bharat Electronics Ltd. (383.40, 0.1%), Solar Industries India Ltd. (15,008, 5.8%) and APL Apollo Tubes Ltd. (1,829.50, 0.8%).

Stock making new 52 weeks lows included - Aditya Birla Fashion and Retail Ltd. (89.85, -66.6%).

12 stocks climbed above their 200 day SMA including Tata Teleservices (Maharashtra) Ltd. (76.68, 11.0%) and Jubilant Pharmova Ltd. (1,069.15, 7.6%). 20 stocks slipped below their 200 SMA including Mankind Pharma Ltd. (2,439.20, -3.6%) and CESC Ltd. (168.21, -2.2%).

 
Trendlyne Marketwatch
Trendlyne Marketwatch
21 May 2025
Market closes higher, JK Tyre's Q4 revenue jumps 1.7% YoY to Rs 3,779.8 crore
By Trendlyne Analysis

Nifty 50 closed at 24,813.45 (129.6, 0.5%), BSE Sensex closed at 81,596.63 (410.2, 0.5%) while the broader Nifty 500 closed at 22,730.65 (145.1, 0.6%). Market breadth is in the green. Of the 2,429 stocks traded today, 1,388 were on the uptick, and 985 were down.

Indian indices closed in the green after rising in the morning session. The Indian volatility index, Nifty VIX, rose 0.9% and closed at around 17.6 points. Tejas Networks closed 3.1% higher as it secured an order worth Rs 1,525.3 crore from BSNL for the supply, deployment and maintenance of 4G network at 18,685 sites.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green. Nifty India Defence and Nifty Realty closed higher. According to Trendlyne’s sector dashboard, General Industrials emerged as the best-performing sector of the day, with a rise of 2.3%.

European indices are trading flat or lower. Major Asian indices closed mixed. US index futures are trading lower, indicating a negative start to the session. TJX, Lowe’s, Medtronic, Snowflake, Target, Baidu, Zoom Communications, and XPeng are set to report their earnings later today. Brent crude futures are trading higher amid reports of a potential Israeli strike on Iranian nuclear facilities, raising supply disruption fears.

  • Money flow index (MFI) indicates that stocks like RR Kabel, Pfizer, SKF, and Ceat are in the overbought zone.

  • J Kumar Infraprojects is rising as its Q4FY25 net profit grows 12.1% YoY to Rs 114.2 crore, helped by lower administrative expenses. Revenue jumps 14.6% YoY to Rs 1,642.6 crore during the quarter. It appears in a screener of strong-performing, under radar stocks.

  • JK Tyre's Q4FY25 revenue jumps 1.7% YoY to Rs 3,779.8 crore, but net profit declines 42.6% YoY to Rs 97 crore, driven by a rise in natural rubber prices. The firm appears in a screener of stocks where mutual funds increased their stakes in Q4FY25.

  • BMW Industries rises sharply as it secures orders worth Rs 365 crore from Tata Steel to convert hot rolled coils into tubes. The contracts are valid until October 31, 2027.

  • State Bank of India's board approves its plans to raise up to $3 billion in FY26. The funds will be raised in one or more tranches through a public offering or private placement of senior unsecured notes, denominated in US dollars or other major foreign currencies.

  • Power Finance Corp is rising as its Q4FY25 net profit grows 12.3% YoY to Rs 6,316.5 crore, driven by lower corporate social responsibility expenses. Revenue jumps 20.3% YoY to Rs 29,285.5 crore during the quarter. It features in a screener of profit-making stocks with high return on capital employed (RoCE) and low PE.

  • Max Healthcare Institute's net profit grows 26.8% YoY to Rs 319 crore in Q4FY25, but misses Forecaster estimates by 21.4%. Revenue rises 34.2% YoY to Rs 1,909.7 crore, helped by strong performance in the medical and healthcare services segments. It shows up in a screener of stocks with PE higher than industry PE.

  • Whirlpool India's Q4FY25 net profit surges 53.6% YoY to Rs 119.2 crore. Revenue jumps 13.9% YoY to Rs 2,044.2 crore, driven by improvements in the refrigerator and washing machine segments. The firm appears in a screener of stocks where foreign institutional investors (FII) increased their stakes in Q4FY25.

  • Moody’s Ratings believes India is well equipped to handle the impact of US tariffs and global trade disruptions, due to its large domestic market and limited reliance on exports. The ratings agency notes that the proposed 10% universal tariffs and 30% tariffs on most Chinese exports to the US could slow global growth, potentially trimming India’s economic growth in 2025 to 6.3%, down from 6.7%.

  • United Spirits' Q4FY25 net profit jumps 74.7% YoY to Rs 421 crore, driven by lower excise duty, depreciation & amortisation, and advertisement & sales promotion expenses. Revenue grows 2.8% YoY to Rs 6,809 crore, attributed to improvements in the alcoholic beverages segment. It appears in a screener of stocks outperforming their industries in the past quarter.

  • Senores Pharmaceuticals acquires the US FDA-approved abbreviated new drug application (ANDA) for Enalapril Maleate Tablets from Wockhardt. These tablets are used to lower high blood pressure and treat heart failure. According to IQVIA, the drug had a market size of $109.2 million as of March 2025.

  • Patel Engineering secures an order worth Rs 711.2 crore from North Eastern Electric Power Corporation (NEEPCO) to construct a 240 MW hydropower project in Arunachal Pradesh under the EPC mode.

  • Oil prices are rising following reports of a potential Israeli strike on Iranian nuclear facilities, raising supply disruption fears. Brent crude climbs 1.3% to $66.3 per barrel, while WTI gains 1.4% to $62.9. The surge reflects market fears, given Iran’s role as OPEC’s third-largest producer, exporting over 1.5 million barrels per day.

  • EIH's net profit grows 13.5% YoY to Rs 252.9 crore in Q4FY25. Revenue rises 10.9% YoY to Rs 865.8 crore, led by an improvement in the hotel business. The company shows up in a screener of stocks with improving return on equity (RoE) over the past two years.

  • TCS secures a Rs 2,903.2 crore order from Bharat Sanchar Nigam Limited (BSNL) for the planning and commissioning of 4G mobile network at 18,685 sites.

  • KPR Mills falls as 1.1 crore shares (3.2% stake) worth approximately Rs 1,195.6 crore reportedly change hands in a block deal at an average price of Rs 1,107 per share. Promoters KP Ramasamy, KPD Sigamani, and P Nataraj are likely the sellers in the transaction.

  • Chetan Ahya, Chief Asia Economist at Morgan Stanley, believes India is the best-positioned economy in Asia. He cites supportive policy, a low export-to-GDP ratio, rising government spending, and strong services exports as key factors. Ahya expects above-normal rainfall and lower oil prices to keep inflation below the RBI’s 4% target midpoint.

  • Tejas Networks rises sharply as it bags an order worth Rs 1,525.3 crore from Bharat Sanchar Nigam (BSNL) for the supply, deployment and maintenance of 4G network at 18,685 sites.

  • Gland Pharma's Q4FY25 net profit declines 3.1% YoY to Rs 186.5 crore due to higher raw materials, employee benefits, and depreciation & amortisation expenses. Revenue decreases 7% YoY to Rs 1,468.9 crore, caused by reductions in the US and the rest of the world (ROW) markets. It shows up in a screener of stocks with expensive valuations according to Trendlyne valuation scores.

  • Aster DM Healthcare reports a net profit of Rs 79 crore in Q4FY25, compared to a loss of Rs 24 crore in Q4FY24 due to losses from discontinued operations. Revenue grows 2.8% YoY to Rs 1,000.3 crore, driven by an increase in patient volumes, higher average revenue per occupied bed (ARPOB), and improved average length of stay (ALOS). The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Ashutosh Raghuvanshi, Executive VC and Whole-time Director of CMS Info Systems, projects a revenue CAGR of 14–17% and anticipates a revenue contribution of ?45% from the managed services segment in the upcoming quarters. He highlights that FY25 witnessed modest growth, but the company expanded its market share across various verticals.

  • Fortis Healthcare is rising as its net profit grows 2.9% YoY to Rs 183.9 crore in Q4FY25, helped by lower inventory build-up. Revenue increases 12.4% YoY to Rs 2,007.2 crore, driven by higher sales from the healthcare and diagnostics segments during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Torrent Pharmaceuticals' Q4FY25 net profit grows 10.9% YoY to Rs 498 crore, helped by lower raw materials and finance costs. Revenue increases 5.9% YoY to Rs 2,941 crore, led by improvements in the US, Indian, and German markets. It appears in a screener of stocks with prices above short, medium, and long-term moving averages.

  • Ircon International is rising as it receives an order worth Rs 253.6 crore from South Western Railway to install Kavach safety systems across 778 km in the Bengaluru and Mysuru Divisions.

  • Dixon Technologies' Q4FY25 net profit surges 4.2x YoY to Rs 400.8 crore. Revenue jumps 120.4% YoY to Rs 10,303.8 crore, driven by improvements in the mobile and other electronic manufacturing services (EMS), home appliances, and lighting segments. It features in a screener of stocks with rising QoQ and trailing twelve-month (TTM) net profit margins.

  • Nifty 50 was trading at 24,723.15 (39.3, 0.2%), BSE Sensex was trading at 81,386.82 (200.4, 0.3%) while the broader Nifty 500 was trading at 22,609.30 (23.7, 0.1%).

  • Market breadth is in the red. Of the 1,979 stocks traded today, 856 showed gains, and 1,075 showed losses.

Riding High:

Largecap and midcap gainers today include GlaxoSmithKline Pharmaceuticals Ltd. (2,984.20, 7.1%), Bharat Electronics Ltd. (383, 5.3%) and Siemens Ltd. (3,290.80, 5.2%).

Downers:

Largecap and midcap losers today include Dixon Technologies (India) Ltd. (15,612, -5.8%), Max Healthcare Institute Ltd. (1,142.10, -1.9%) and IndusInd Bank Ltd. (769.95, -1.6%).

Movers and Shakers

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

Top high volume gainers on BSE included Tata Teleservices (Maharashtra) Ltd. (69.09, 18.7%), Trident Ltd. (33.48, 13.6%) and Go Digit General Insurance Ltd. (328.60, 8.1%).

Top high volume losers on BSE were Dixon Technologies (India) Ltd. (15,612, -5.8%), KPR Mill Ltd. (1,195.05, -2.9%) and Whirlpool of India Ltd. (1,265.90, -2.3%).

Gland Pharma Ltd. (1,571.30, 4.9%) was trading at 7.0 times of weekly average. Endurance Technologies Ltd. (2,334, 5.3%) and GlaxoSmithKline Pharmaceuticals Ltd. (2,984.20, 7.1%) were trading with volumes 5.3 and 4.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

5 stocks took off, crossing 52 week highs, while 1 stock tanked below their 52 week lows.

Stocks touching their year highs included - Bharat Electronics Ltd. (383, 5.3%), Ceat Ltd. (3,830.80, -0.2%) and City Union Bank Ltd. (197.57, 2.1%).

Stock making new 52 weeks lows included - Aether Industries Ltd. (740.35, 1.1%).

26 stocks climbed above their 200 day SMA including Trident Ltd. (33.48, 13.6%) and Go Digit General Insurance Ltd. (328.60, 8.1%). 15 stocks slipped below their 200 SMA including Gujarat State Fertilizer & Chemicals Ltd. (200.21, -2.6%) and Sapphire Foods India Ltd. (321.45, -2.4%).

 
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The Baseline
21 May 2025
By Omkar Chitnis

When you hear the word “Transformer,” you might picture a humming grey box behind your building. This electrical device is the backbone of energy systems that keep your lights on and appliances running.

Technologies like IoT, automation, and data analytics has fueled a bull run in the power sector. Power companies adopted these tools to increase efficiency and lower costs, leading to strong growth in electricity generation, transmission, and distribution businesses.

In the shadows of the tech boom and green revolution, transformer shares have become investors' darlings in the last five years. In this edition of Chart of the Week, we examine the five-year returns of transformer stocks and analyse the key factors driving their strong growth.

The ongoing upgradation of power lines in India and North America has created a stable growth phase for transformer makers. Visweswara Reddy, chairman of Indo Tech Transformers, said, “Unlike earlier cycles where demand peaked for 3–4 years and then dipped, the current phase is more stable and should last 12–15 years, supported by transformer replacements in India and North America.”

Due to rising energy demand, transformers are facing a similar shortage to that of Nvidia’s GPU chips. 

Ashish Agarwal, Head of Solar and Storage at BluePine Energy, said, “Rapid growth in railways, transmission upgrades, and renewable projects has raised transformer demand and pricing. Indian engineering, procurement, and construction (EPC) contractors executing overseas projects are boosting exports by leveraging the local supply chain.”

The global transformer market reached $76.4 billion in FY24 and is projected to reach $101.4 billion by FY29 due to increased demand from industries, data centers, and households. The Nifty Energy index has gained 193% in the past five years.

This growth in power consumption has increased demand for transmission infrastructure projects and boosted the earnings of transformer manufacturers like Transformers & Rectifiers, Voltamp Transformers, and Shilchar Technologies.

Government initiatives such as the Export Promotion Mission, National Manufacturing Mission, and Production Linked Incentive (PLI) encouraged domestic manufacturing and increased transformer exports.

Transformer makers power up capacity amid surge in orders

Rising power demand and steady government capital expenditure have pushed transformer makers to expand capacity, with large orders from industrial and utility segments driving growth. 

Transformers and Rectifiers, a heavy electrical equipment industry player, leads specialty transformer manufacturing with a 25% market share. Its share price has risen 14,468% in five years, driven by an order book that grew at a CAGR of 35.8% and increasing government projects.

As of March FY25, the order book stood at Rs 5,132 crore. Foreign institutional investors (FII) raised their stake by 6.8% YoY in Q4FY25.

The company plans to increase operational efficiency through backward integration to reduce risks from price volatility and supply disruptions. 

Management aims to achieve Rs 8,200 crore in revenue by FY28. Satyen Mamtora, MD of Transformers & Rectifiers, notes, “We are improving margins through operational efficiency and enhancing production capacity by reducing supply chain risks through backward integration. We expect FY26 revenue of Rs 3,500 crore with 15–16% profit margins.”

Voltamp Transformersholds a 15% share in the organized industrial application transformer market. Since FY20, its share price has risen 833%, and revenue has grown at a CAGR of 18.2% to Rs 2,018.9 crore in FY25, driven by diversification across data centers, oil & gas, infrastructure, and renewable energy sectors.

The company improved its net profit margin from 10% in FY20 to 16.8% in FY25, helped by higher sales of industrial transformers rated above 5 MVA and better pricing. It plans to invest Rs 200 crore to expand its manufacturing facility to produce up to 250 MVA transformers.

CG Power and Industrial Solutions derives 36% of its revenue from the power system business vertical, including the transformer business. The company increased transformer sales by implementing IoT-enabled transformers to improve efficiency, and introduced high-voltage current transformers above 800 kV. These features attracted orders from private and public companies, growing the order book at a CAGR of 42.8% in the past five years to Rs 9,909 crore.

The company plans to invest Rs 712 crore to expand transformer manufacturing capacity by 45,000 MVA, increasing total capacity to 85,000 MVA by FY28 for extra-high voltage applications. Major customers include Power Grid, Tata Power, NTPC, Larsen & Toubro, Sterling Wilson, and SPML Infra.

Ajay Jain, vice president of CG Power and Industrial Solutions, said, “We expect double-digit growth in the distribution transformer market in the next few years. We are focusing on the industrial segment, so we are investing in that segment for capacity expansion.”

Export growth lifts transformer makers' earnings

Indian transformer manufacturers are shifting their focus to international markets to increase margins and reduce dependency on local demand. Indian companies remain unaffected by tariff impacts, as most supply transformers to the Middle East and Europe.

Additionally, with support from the government’s National Manufacturing Mission, companies like Shilchar Technologies and Hitachi Energy are expanding exports of medium and high-voltage transformers to Southeast Asia, Africa, and Latin America.

Shilchar Technologies has been a standout performer, with its shares rising from the FY20 low of Rs 48 to an FY25 high of Rs 14,380, gaining 14,958%. The company shifted its product mix toward customizing transformers for renewable energy projects. This strategy improved pricing and boosted sales.

Export contribution doubled from 23% in FY20 to 50% in FY25 by entering new markets, including North America, Europe, and several countries in the South Asian market, and improved profitability driven by price gains.

On the export outlook and tariff risks, Alay J. Shah, MD of Shilchar Technologies, said, “North America accounts for about 20% of our exports, with the remaining primarily from the Middle East and North Africa. We remain confident that potential US tariffs will have minimal impact. We will monitor the situation closely as the 90-day tariff pause ends and adjust our strategy if needed.”

Apar Industries leads the power transformer oil segment with a 60% market share. Its shares have risen 2,547% in the past five years, driven by an order book that grew at a CAGR of 29% to Rs 7,163 crore.

The company ranks as the world’s third-largest transformer oil manufacturer. It exports transformer oils to 95 countries. Higher realizations from global markets have raised their international revenue share from 37% in FY20 to 44% in FY25.

Hitachi Energy manufactures 315 MVA transformers, and its shares have risen 1,805% over the past five years. The company reduced reliance on the domestic market by expanding exports of high-margin ultra-high-voltage transformers, with export contribution to order inflows rising from 18% in FY20 to 40% in FY25,  leading to the net profit margin improvement from 2.9% to 6%. 

The company’s order book grew at a CAGR of 43%, reaching Rs 19,245 crore, driven by rising orders from industries, transportation, and data centers. Strong traction drove domestic institutional investors (DII) to increase their stake by 3.3% year-on-year in Q4FY25. 

To capitalize on the growing demand, Hitachi Energy plans to invest around Rs 2,000 crore over the next 4-5 years to expand manufacturing of large power transformers, focusing on customized units for renewable projects and government work orders.

N Venu, CEO of Hitachi Energy India, notes, “Hitachi Energy India's primary focus continues to be the domestic market, supported by a strong pipeline across renewables, transmission, energy storage, and data centers. The company aims to maintain double-digit EBITDA margins in FY26.”

 
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The Baseline
21 May 2025
What CEOs are saying about FY26 | Screener: Stocks gaining momentum after Q4 results
By Tejas MD

Financial markets have a way of surprising you. Just when everyone was talking about the Nifty 50 being stuck in a correction, the index pulled a fast one, breaking through the psychological 25,000 mark on May 15 and now hovering around 5% of its all-time highs.

A sharp 14% rebound from April lows is a reminder of how fast momentum can flip.

Not everyone is celebrating yet. As Q4 earnings come in and global trade concerns grow, especially with renewed talks about US tariffs, many CEOs are showing more caution than confidence. Volatility remains high, and most CEOs seem to be in a “wait-and-watch” mode as they look ahead to FY26.

It’s a bit like getting stuck in Bangalore traffic after a downpour—you know you’ll start moving at some point, but for now, all you can do is sit tight and hope the road clears soon.

In this Week’s Analyticks,

  • Cautious but not quiet: What CEOs are betting on for FY26
  • Screener: Stocks gaining momentum after net profit and operating profit margin improvements in Q4FY25

Uncertain times, cautious optimism: What CEOs are saying about FY26

Caution has been the dominant tone in Q4FY25 earnings calls, as global uncertainties—especially US tariff developments—cast a shadow over an otherwise strong financial performance by Indian companies. 

Despite good Q4 results, management commentary was quite guarded, even when analysts pushed management to stick their necks out. CEOs across sectors signaled the need for more “clarity” in economic developments.

We used Trendlyne’s ‘Discover’ tool to track the key concerns CEOs raised in these earnings calls.

Many leaders have pinned hopes on a sharp turnaround in the second half of FY26. Bajaj Finserv’s President, S. Sreenivasan, put it plainly, “We believe the geopolitical and external environment will be volatile in the first half of FY26, but we are very cautiously optimistic about H2 of the coming year when we should come back to growth”. 

Uncertainty and caution lead earnings call themes in Q4

Optimism hasn’t entirely vanished. CEOs highlighted strong demand trends—especially in FMCG, paints, and chemicals—as reasons for confidence. Domestic demand is proving resilient.

Most FMCG companies are upbeat about demand in FY26, thanks to softer food inflation, tax and interest rate cuts, and expectations of a good monsoon.

When asked about the outlook, Dabur CEO Mohit Malhotra said, “We are seeing green shoots in the business. So, I think food inflation is moderating. Going forward, sequential improvement is what we expect”. 

While firms like JBM Auto, L&T, and Happiest Minds raised their FY26 guidance on strong Q4 results, tech majors Infosys, HCL Tech, and Wipro cut their growth forecasts, citing global uncertainty and weak client demand. 

Tariff fog hangs over Q4 earnings calls

Top CEO talking points: Trump and tariffs

CEOs were on edge the previous quarter, but expected clarity on US tariffs by April 1st. But that clarity never came. As Q4 unfolded, Trump’s shifting stance on trade has kept the outlook murky.

Many CEOs pointed to tariffs and delays in trade agreements as a drag on decision-making, with order bookings either delayed or paused altogether. Companies like Jindal Stainless and UltraTech Cement have responded by shifting focus to domestic markets.

While explaining the dip in EBITDA per tonne, Jindal Stainless’s MD pointed to rising trade tensions as a factor. “Trade uncertainty picked up with Mr. Trump taking over. Many of our export bookings came under pressure or were put on hold, so we had to divert more volumes into the domestic market.”

CEOs are concerned about macro issues

Tech CEOs echoed these challenges. TCS CEO K. Krithivasan highlighted the inflationary impact of tariffs and the toll on IT spending: “Client IT budgets have remained flat.” CEOs are also raising slowdown and recessionary fears.

FY26: CEOs are hopeful about lower inflation and a capex push

Some CEOs sounded upbeat about FY26, pointing to easing inflation in India and early signs of a rebound in manufacturing and services. Management teams aren’t just talking up the outlook – they are backing it with spending.

FY26 key priorities: what CEOs are focusing on

Tata Steel, for instance, has announced a massive Rs 15,000 crore capital expenditure plan for FY26, which aims to drive expansion and launch new projects.

Companies like Polycab are looking at exports to fuel the next growth phase. After a slowdown in the US, Polycab is actively targeting Europe, the Middle East and Australia, with plans to ramp up revenue from these regions in the coming year.

CEOs highlighted growth pockets—especially in government contracts and pharma. For example, public sector demand has rebounded, benefiting firms like Blue Star and Netweb Technologies, after a Q3 slowdown due to elections. Blue Star’s CFO noted, “While the Industrial and BFSI sectors remained muted, government orders showed signs of revival during this quarter.”

Industry opportunities: what are CEOs bullish about?


In pharma, the spotlight was on new product launches. Cipla and Dr. Reddy’s focus on complex generics, while Alembic Pharma and Aarti Drugs are gaining momentum in API.

Meanwhile, Trump’s May 12 executive order to make US prescription drug prices the lowest globally has sparked concern. But Indian generic drug makers aren’t too worried. 

Morepen Lab’s CEO, Sushil Suri, said, “Thankfully, we’re in the generics space. These rules mainly target patented drugs, not us.” He added, “Even if President Trump wants to shake things up, the US has no alternative. They simply don’t have domestic manufacturing for generics—they rely on India.”

One thread runs through commentary by CEOs across major companies: until there’s clarity on trade policy, management teams will delay some big decisions.

Screener: Stocks gaining momentum after improvements in net profit and operating profit margin in Q4FY25

Capital markets stocks’ operating margins rise in Q4

As the Q4FY25 results season comes to a close, we look at stocks where profitability has improved YoY. This screener shows stocks with rising Trendlyne momentum scores MoM after YoY growth in net profit and operating profit margins in Q4FY25.

The screener is dominated by stocks from the finance, healthcare services, capital markets, electric utilities, and electrical equipment/products. Major stocks that show up in the screener are BSE, Reliance Power, 360 One Wam, Premier Energies, IDBI Bank, Inventurus Knowledge Solutions, and IndiaMART InterMESH.

BSE’s net profit surged 361.9% YoY during Q4FY25, with its operating profit margin expanding 32.5 percentage points to 60.5%. This capital markets company’s Trendlyne momentum score jumped MoM to 73.2. According to analysts at HDFC Securities, a 44.5% YoY reduction in regulatory fees and a Rs 109.4 crore return from provisions for the Settlement Guarantee Fund (SGF) helped improve profitability. 

Reliance Power also shows up in the screener after its net profit grew 131.5% YoY in Q4FY25, with operating profit margin expanding 20 percentage points. This electric utilities company’s Trendlyne momentum score increased MoM to 63.7 post results. Its net profit and operating margin improved due to lower fuel consumption, finance, depreciation & amortisation, and generation & administration expenses. 

You can find some popular screeners here.

Signing off this week,

The Trendlyne Team

 
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The Baseline
20 May 2025
Five stocks to buy from analysts this week - May 20, 2025
By Omkar Chitnis

1. Tata Steel:

ICICI Securities maintains its ‘Buy’ rating on this steel company and raises the target price to Rs 190, indicating an upside of 19%. Tata Steel’s EBITDA/tonne increased by Rs 1,000 QoQ in Q4FY25, up from Rs 600, due to higher selling prices and lower fixed costs.

In Q4FY25, sales volume grew 3.3% YoY to 5.6 million tonnes, driven by higher production at the Odisha facility. Tata Steel Netherlands (TSN) reported a profit of Rs 120 crore in Q4FY25, compared to a loss in the same quarter last year.

Analysts Amit Dixit and Mohit Lohia expect Tata Steel’s overall EBITDA to grow 47% to Rs 37,100 crore in FY26, driven by improvements in the UK business. They also expect profits to rise in Q1FY26 due to higher selling prices of Rs 3,000 per tonne in India and a reduction of fixed costs by Rs 1,800-2,000 per tonne.

The management aims to reduce fixed costs by Rs 11,500 crore by FY27 across India, UK, and Netherlands operations. It expects cost reductions to help its Netherlands and the UK businesses break even by Q2FY26. The company plans to invest Rs 15,000 crore in capital expenditure in FY26 and reduce debt by Rs 3,000 crore.

2. V-Guard Industries:

Anand Rathi retains its ‘Buy’ rating on this electrical appliance company with a target price of Rs 475, indicating an upside potential of 25.1%. The company’s Q4FY25 revenue rose 14.5% YoY to Rs 1,538.1 crore, driven by strong growth in the electrical and electronics segments. Net profit grew 19.6% to Rs 91.1 crore due to lower interest costs.

Analyst Prasheel Gandhi expects the company’s electronics vertical to maintain strong momentum, led by stabilizers, inverter batteries, and the solar rooftop segment. He anticipates the solar rooftop business will contribute significant revenue over the next 4–5 years.

V-Guard Industries’ battery business revenue grew in double digits YoY in FY25. The management aims to increase battery capacity with an investment of Rs 50 crore and expects a revenue potential of Rs 300–400 crore in 2.5 years. The analysts project the company’s revenue and net profit to grow at a CAGR of 14.2% and 28.8%, respectively, over FY26–27.

3. Bank of Baroda:

Sharekhan maintains a ‘Buy’ rating on this bank with a target price of Rs 260, indicating an upside of 10%. In Q4FY25, Bank of Baroda’s net profit rose 3.3% YoY to Rs 5,048 crore. Treasury gains more than doubled to Rs 1,559 crore, supporting overall profitability and pushing return on assets (RoA) to around 1.2%. The analysts said, “We believe the bank is likely to sustain RoAs at ~1.0% in FY26 led by recoveries and higher treasury gains.”

Net interest income (NII) declined 7% YoY in Q4FY25, while net interest margin (NIM) fell by 33 basis points due to lower loan yields and higher cost of funds. The analysts believe the pressure on NIMs and asset quality volatility can be managed through recoveries, treasury gains, and a better mix of loans and deposits. They also highlighted the bank’s focus on growing current account savings account (CASA) and retail term deposits, while cutting back on bulk deposits to support long-term growth.

The bank’s gross non-performing assets (NPA) fell 10 bps YoY to 2.3% in the quarter. Analysts expect NII and net profit to grow by 8.5% and 2.8% over FY26–27, aided by stable asset quality.

4. Vijaya Diagnostic Center:

Emkay reiterates its ‘Buy’ rating on this healthcare services provider chain with a target price of Rs 1,150, indicating an upside of 24.6%. Analysts Anshul Agrawal and Abin Benny believe the next 2–3 years look promising, supported by the timely commissioning of new labs in non-core geographies (such as Pune, Kolkata) and management’s guidance of over 15% sales CAGR during FY26–28, despite the asset-heavy model.

In Q4FY25, Vijaya Diagnostic’s revenue rose 12% YoY to Rs 173 crore, led by a 20% growth in the wellness segment, which contributed 15% of total revenue. However, the EBITDA margin declined by 90 bps YoY to 39.8% due to expansion-related costs. Agrawal and Benny expect margins to improve to 40.5% by FY28, backed by the management’s target to achieve breakeven within 12 months for each new lab.

The company has commissioned two new labs in Q1FY26 and plans to add three more in the next 3–4 months. Analysts believe growth will also be supported by the management’s plan to increase prices by 1–2% across various test categories during FY26.

5. Blue Jet Healthcare:

Motilal Oswal reiterates its ‘Buy’ rating on this pharma company with a target price of Rs 965, implying an upside of 21%. In Q4FY25, the company’s revenue grew 85.1% YoY to Rs 3,404 crore, driven by higher sales in pharmaceutical intermediates. Net profit rose 177% to Rs 1,101 crore, helped by new capacity additions and improved plant efficiency.

Blue Jet's capex for FY25 stood at Rs 300 crore on research and development (R&D) and expansion of production capacity. Analysts Aman Chowdhary and Sumant Kumar expect strong revenue visibility in FY26, driven by rising demand for pharma intermediates and active pharmaceutical ingredients (APIs). They project the revenue share from the pharma intermediates to rise to 25% by FY27, up from 17% in FY25, aided by expansion into new markets such as Canada, the US, and Europe.

Analysts expect strong revenue growth from the API segment in FY26, driven by new product launches and increased production capacity. They project Blue Jet’s revenue and net profit to grow at a CAGR of 27% and 25%, respectively, over FY26–27.

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

(You can find all analyst picks here)

 
Trendlyne Marketwatch
Trendlyne Marketwatch
20 May 2025
Market closes lower, Hindalco Industries's Q4 net profit beats Forecaster estimates by 24%
By Trendlyne Analysis

Nifty 50 closed at 24,683.90 (-261.6, -1.1%), BSE Sensex closed at 81,186.44 (-873.0, -1.1%) while the broader Nifty 500 closed at 22,585.60 (-280.2, -1.2%). Market breadth is highly negative. Of the 2,430 stocks traded today, 743 were in the positive territory and 1,662 were negative.

Indian indices closed in the red after falling throughout the session. The Indian volatility index, Nifty VIX, declined 0.1% and closed at 17.3 points. DLF rose 2.2% as its net profit grew 39.3% YoY to Rs 1,282.2 crore in Q4FY25. Its revenue increased by 46.5% YoY, driven by strong development business and record bookings from luxury launches during the quarter.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the red, following the benchmark index. Nifty India Defence & Nifty Auto were among the top index losers today. According to Trendlyne’s Sector dashboard, Telecommunications Equipment emerged as the worst-performing sector of the day, with a fall of 2.6%.

Asian indices closed mixed, while European indices are trading in the green except Russia’s MOEX & RTSI indices. US index futures traded lower, indicating a cautious start to the trading session. The People's Bank of China reduced the one-year loan prime rate (LPR) by 10 basis points to 3%, while the five-year LPR was reduced by the same margin to 3.5%. This marks the first rate cut since the 25 bps reduction in October 2024. Meanwhile, JPMorgan lowered the odds of a US recession in 2025 to below 50% from 60%, citing recent US-China trade policy shifts.

  • Relative strength index (RSI) indicates that stocks like SKF, Schaeffler, Intellect Design Arena, and Bharat Electronics are in the overbought zone.

  • Hindalco Industries rises as its Q4FY25 net profit grows 66.4% YoY to Rs 5,283 crore, led by lower power & fuel and finance costs, inventory destocking and deferred tax returns of Rs 273 crore. Revenue jumps 16.4% YoY to Rs 65,590 crore, attributed to improvements in the Novelis, aluminium upstream & downstream, and copper segments. It features in a screener of strong-performing, under-the-radar stocks.

  • Kirloskar Industries' net profit rises 22.3% YoY to Rs 141.8 crore in Q4FY25, helped by lower raw materials, employee benefits and depreciation & amortization expenses. Revenue grows 1.1% YoY to Rs 1,747.8 crore during the quarter. The company appears in a screener of stocks with book value per share improving over the last two years.

  • ACME Solar Holdings is falling as its net profit declines 76.8% YoY to Rs 123.4 crore in Q4FY25 due to an exceptional items loss of Rs 14.1 crore. However, revenue increases 65% YoY to Rs 486.9 crore, driven by higher electricity sales during the quarter. The company appears in a screener of stocks with increasing profits every quarter for the past two quarters.

  • India is reportedly negotiating a US trade deal in three phases and aims to finalise an interim agreement before July, ahead of the expected implementation of President Donald Trump’s reciprocal tariffs. The deal may include market access for industrial goods, select farm products, and non-tariff issues like quality standards.

  • Zydus Lifesciences is falling as its Q4FY25 net profit declines 1% YoY to Rs 1,170.9 crore due to higher inventory, employee benefits, finance, and depreciation & amortisation expenses. However, revenue grows 16.1% YoY to Rs 6,608.5 crore, helped by improvements in the pharmaceuticals and consumer products segments. It appears in a screener of stocks where insiders sold shares.

  • JK Paper falls as its net profit falls 72.4% YoY to Rs 76.2 crore in Q4FY25 due to higher raw materials, employee benefits, finance, and other expenses. Revenue declines 1.7% YoY to Rs 1,689.5 crore owing to weak performance in the paper and packaging segment. It features in a screener of stocks with an increasing trend in non-core income.

  • Petronet LNG is falling as its revenue declines 10.7% YoY to Rs 12,315.8 crore in Q4FY25. However, net profit increases 43.2% YoY to Rs 1,094.9 crore, helped by the recovery of past 'Use or Pay' dues during the quarter. The company appears in a screener of stocks that benefit from lower crude oil prices.

  • Morgan Stanley projects ITC’s cigarette business to see 4% YoY volume growth and 5% value growth, with EBIT rising 2% YoY in Q4FY25. However, it notes that tobacco inflation may pressure margins. FMCG revenue is expected to grow 2% YoY, with EBIT margin improving to 6% from 5.9% in Q3FY25. The FMCG business is likely to deliver price-led mid-single-digit growth due to price hikes in atta, biscuits, and snacks.

  • Nuvama maintains its 'Buy' call on Data Patterns and raises the target price to Rs 3,700 per share. The brokerage expects revenue growth of 20–25% in FY26, helped by a Rs 1,000 crore order inflow, and expects the company to continue to benefit from high-value, high-volume repeat orders. It projects the firm's revenue to grow at a CAGR of 30% over FY26-27.

  • GMR Power and Urban Infra falls as its Q4FY25 net profit declines 73% YoY to Rs 43.7 crore due to higher fuel consumption, raw materials, inventory, and employee benefits expenses. However, revenue grows 5.4% YoY to Rs 1,863 crore, driven by improvements in the power and smart meter infrastructure segments. It shows up in a screener of stocks with high interest payments compared to earnings.

  • PI Industries' Q4FY25 net profit falls 10.6% YoY to Rs 330.5 crore due to higher inventory build-up. However, revenue increases 2.7% YoY to Rs 1,787.1 crore, driven by higher sales from the agro chemicals and pharma segments during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Vivek Lohia, MD of Jupiter Wagons, projects FY26 revenue of around Rs 5,000 crore with 14–15% margins. He expects the wheelset business to stabilise in the coming months and anticipates securing a sizeable tender from the Indian Railways.

  • Borosil rises as its Q4FY25 grows 119.3% YoY to Rs 11.1 crore, helped by lower finance costs and inventory destocking. Revenue increases 15.7% YoY to Rs 272.5 crore during the quarter. It features in a screener of stocks gaining versus previous close, open price and relative strength index (RSI).

  • IRB Infrastructure Developers' net profit rises 13.4% YoY to Rs 214.7 crore in Q4FY25, helped by lower road work & site expenses and finance costs. Revenue increases by 4.3% YoY to Rs 2,149.2 crore during the quarter. It appears in a screener of stocks with high promoter pledges.

  • DLF rises sharply as its net profit grows 39.3% YoY to Rs 1,282.2 crore in Q4FY25. Revenue increases 46.5% YoY to Rs 3,127.6 crore, driven by strong development business and record bookings from luxury launches like The Dahlias and Privana West during the quarter. The company appears in a screener of stocks with improving ROE over the past two years.

  • Antique Stock Broking maintains a 'Buy' rating on Arvind Fashions with a higher target price of Rs 672. The brokerage cites margin expansion driven by a better channel mix and lower discounting. It expects improved performance driven by power brand scale-up, product innovation, premiumisation, retail growth, and higher marketing spends. The brokerage has raised FY26/27 EBITDA estimates by 1%.

  • Pfizer surges more than 10% as its Q4FY25 net profit jumps 85% YoY to Rs 330.9 crore, helped by lower raw material costs and an exceptional gain of Rs 172.8 crore from the sale of lease in Thane. Revenue grows 2.4% YoY to Rs 636.5 crore during the quarter. It appears in a screener of stocks with dividend yields greater than their sector dividend yield.

  • HFCL secures an order worth Rs 173.7 crore to supply 5G telecom equipment to a domestic service provider.

  • Gujarat Gas' Q4FY25 net profit beats Forecaster estimates by 20% despite falling 29.9% YoY to Rs 287.9 crore, due to higher raw materials, finance, depreciation & amortisation, and excise duty expenses. Revenue grows marginally by 0.3% YoY to Rs 4,176.4 crore during the quarter. It features in a screener of stocks outperforming their industries in the past quarter.

  • Aluminium prices dip as London Metal Exchange (LME) inventories rise to 343,000 tonnes and weak economic data emerges from China. China’s aluminium output hits record levels, nearing its 45 million tonne annual capacity cap, with 2024 production estimated at 43 million tonnes, up 2% YoY.

  • RVNL secures an order worth Rs 178.6 crore from Ircon International to commission signalling and telecommunications systems at 10 new railway stations.

  • Power Grid Corp of India is falling as its net profit declines 0.6% YoY to Rs 4,142.9 crore in Q4FY25. However, revenue increases 2.5% YoY to Rs 12,275.4 crore, driven by higher sales from the transmission and telecom segments during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Karur Vysya Bank is rising as its Q4FY25 net profit grows 12.6% YoY to Rs 513.4 crore, driven by lower employee benefits expenses. Revenue increases 7.5% YoY, owing to improvements in the corporate and retail banking segments. The bank's asset improves as its gross and net NPAs decline 64 bps YoY and 20 bps YoY, respectively.

  • Bharat Electronics is rising as its net profit grows 18.4% YoY to Rs 2,127 crore in Q4FY25, helped by lower consumption of stock-in-trade. Revenue increases 6.8% YoY to Rs 9,149.6 crore during the quarter. The company appears in a screener of stocks with increasing revenue every quarter for the past three quarters.

  • Nifty 50 was trading at 24,976.15 (30.7, 0.1% , BSE Sensex was trading at 82,205.11 (145.7, 0.2%) while the broader Nifty 500 was trading at 22,861.65 (-4.2, 0.0%)

  • Market breadth is neutral. Of the 1,998 stocks traded today, 968 showed gains, and 968 showed losses.

Riding High:

Largecap and midcap gainers today include DLF Ltd. (753.50, 2.2%), IDBI Bank Ltd. (90.93, 1.4%) and Ipca Laboratories Ltd. (1,457.20, 1.4%).

Downers:

Largecap and midcap losers today include Bajaj Holdings & Investment Ltd. (12,932, -7.5%), Eternal Ltd. (228.28, -4.1%) and Indian Overseas Bank (37.74, -4.1%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Newgen Software Technologies Ltd. (1,334.55, 16.3%), Pfizer Ltd. (4,949.80, 10.8%) and CCL Products India Ltd. (830.70, 9.6%).

Top high volume losers on BSE were Easy Trip Planners Ltd. (11.52, -4.7%), Aditya Birla Fashion and Retail Ltd. (277.45, -3.0%) and Gujarat Gas Ltd. (458.70, -1.8%).

NLC India Ltd. (240.56, 1.8%) was trading at 17.5 times of weekly average. Zensar Technologies Ltd. (840.60, 6.8%) and BASF India Ltd. (5,304.30, 8.2%) were trading with volumes 14.9 and 12.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

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

Stocks touching their year highs included - Redington Ltd. (282.65, 0.9%), Shree Cements Ltd. (31,445, -0.5%) and APL Apollo Tubes Ltd. (1,799, -0.4%).

Stock making new 52 weeks lows included - Aether Industries Ltd. (732.60, -1.2%).

25 stocks climbed above their 200 day SMA including Newgen Software Technologies Ltd. (1,334.55, 16.3%) and Pfizer Ltd. (4,949.80, 10.8%). 24 stocks slipped below their 200 SMA including Rites Ltd. (275.45, -6.6%) and Alembic Pharmaceuticals Ltd. (968, -5.9%).

 
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The Baseline
20 May 2025
Which stocks did superstar investors sell in Q4FY25?
By Melissa Koshy

The portfolio changes of superstar investors like RARE Enterprises, Ashish Kacholia, Sunil Singhania, and Vijay Kedia offer valuable insights into the market, especially during periods of volatility. Their buys and sells help investors identify potentially profitable sectors and stocks. Let’s take a look at the sells made by these superstar investors in Q4FY25.

The chart below shows changes in superstar investors' current portfolio net worth (note that net worth reflects share price changes in current holdings and new buys and sells).

Most superstars see a fall in their net worth in Q4FY25

Previously, we focused on the key superstar buys in Q4FY25. Now, let's analyse their sells. The last quarter of FY25 turned volatile - most superstar investors remained cautious and increased stake sales, continuing the trend from the previous quarter. The chart below highlights their biggest sells during this period.

Biggest sells by superstars in Q4FY25

RARE Enterprises cuts a 2.1% stake in an edible oils maker

Rakesh Jhunjhunwala’s portfolio, currently managed by Rekha Jhunjhunwala and investment firm RARE Enterprises, reduced holdings in three companies during Q4. The portfolio’s net worth has risen by 24.4% to Rs 62,580 crore as of May 19, primarily due to the infusion from Inventurus Knowledge Solutions. It disclosed a 49.3% stake in the company when its IPO was listed on December 19.

RARE Enterprises trims stake in three firms

In the January-March quarter, the late big bull’s portfolio reduced its stake in Sundrop Brands by 2.1%. The portfolio held a 7% stake in the firm for two consecutive quarters. This edible oils maker has gained 13.3% in the past year, but underperformed its industry by 5.8% points.

During the latest quarter, RARE reduced its stake by 0.3% in the department stores chain Baazar Style Retail, taking its holding to 3.4%. The company has declined by 26.7% over the past year, underperforming its industry by 38.5%. It also has an expensive valuation, scoring only 20.8 as per Trendlyne’s Valuation score.

RARE Enterprises also cut its stake in Nazara Technologies by 0.2%, and now holds 7.1% in the internet software & services company. The portfolio has reduced its stake in the company for the past six quarters. Nazara has surged 102.9% in the past year. Trendlyne’s DVM score classifies it as an Expensive Rocket as it trades in the PE Sell Zone.

Ashish Kacholia adjusts holdings in key sectors

Ashish Kacholia’s net worth declined by 14.9% to Rs 2,670 crore as of May 19 as he dialled back on multiple stocks.

Ashish Kacholia pares stakes in multiple companies in Q4

During the latest quarter, Kacholia cut a 1.4% stake in Awfis Space Solutions, a special consumer services company. The company has weak financials and features in a screener of stocks with low Piotroski scores. The company is trading at an expensive valuation, suggested by Trendlyne’s valuation score of below 30, and is displaying a neutral momentum with Trendlyne’s momentum score of 39.

The marquee investor reduced his stake in industrial machinery maker Walchandnagar Industries by 0.6%, taking his holding to 2.6%. Trendlyne classifies the company as an Expensive Performer. The company posted a loss of Rs 41.8 crore in FY24 and Rs 29.8 crore during 9MFY25. It has been reporting losses since FY13, except in FY23.

High valuations, sustained FII selling, and weak market sentiment in mid- and small-cap stocks likely prompted Kacholia’s portfolio trimming in Q4.

Kacholia cut a 0.2% stake in specialty chemical firm Yasho Industries during the quarter, and now holds 3.9%. The company’s share price has declined by 8% over the past year, underperforming its industry by 20.9% points. It has a low Durability score of 35 and an expensive valuation, scoring 10.3.

During Q4, Kacholia offloaded 0.1% each in Vasa Denticity and Ami Organics. He held 3.8% and 1.8% stakes in the healthcare supplies and pharma companies in Q3FY25. Both companies feature in a screener of stocks with high PE (PE > 40).

The ace investor also sold 0.1% each in Universal Autofoundry and Sanjivani paranteral. The auto parts & equipment maker and pharma stock feature in a screener of bearish stocks. Universal Autofoundry has underperformed its industry by 59.6% points in the past year. Sanjivani is currently trading in the Strong Sell Zone, indicating it is trading above its historical PE. 

Sunil Singhania’s Abakkus Fund cuts stakes in two firms to below 1%

Sunil Singhania’s Abakkus Fundsaw its net worth fall by 14.9% to Rs 2,535.2 crore. The fund cut its holdings in two companies to below 1% and trimmed minor stakes in four others during Q4FY25.

Singhania reduces holdings in BirlaNu, Uniparts and others

Singhania’s fund reduced its holdings to below 1% each in cement & cement products maker BirlaNu and heavy electrical equipment firm Uniparts India. BirlaNu features in a screener of profit-to-loss companies (companies that moved from profit to loss QoQ). It has declined by 10.4% in the past year, underperforming its industry by 23.5% points. Uniparts ranks medium in Trendlyne’s checklist. It is currently trading in the Sell Zone.

During Q4, Abakkkus Fund lowered its stake in Sarda Energy & Minerals by 0.3% and now holds 1.5% in the steel products maker. The company is a Mid-range Performer and also features in a screener of stocks where mutual funds decreased their holdings last quarter. 

Singhania’s fund cut 0.1% each inauto parts makerShriram Pistons,specialty retail firmEthos,industrial machinery companyAnup Engineering, andIT consulting playerMastek in the March quarter. He now holds a 1% stake each in Shriram Pistons and Ethos, 3.6% in Anup Engineering and a 2.8% stake in Mastek. All four companies have declining net cash flows. Ethos and Anup Engineering have expensive valuation scores, while Shriram Pistons and Mastek have technically neutral momentum scores. 

Vijay Kedia makes minor stake sales during Q4

Vijay Kedia’s net worth decreased by 24.1% to Rs 1,440.2 crore as of May 19. During the quarter, he reduced his stake in auto parts maker Precision Camshafts from 3.2% in Q3 to 2.1%. Over the past year, the company’s share price fell 10.8%, underperforming its industry by 15.8% points.

Kedia cuts his stake in Precision Camshafts, Tejas Networks and others

During the quarter, Kedia also cut a 0.3% stake in telecom equipment maker Tejas Networks. He held a 1.9% stake for five consecutive quarters before reducing it to 1.3% in Q3FY25. The company’s share price declined by 38.4% over the past year and is classified as a Slowing Down Stock by Trendlyne.

The ace investor further reduced his stakes in Global Vectra Helicorp and Sudarshan Chemical Industries by 0.3% and 0.2%, respectively, bringing his holdings to 4.9% and 1.3%. Global Vectra posted a loss of Rs 13.3 crore in 9MFY25 and a marginal profit of Rs 1.2 crore in FY24, while Sudarshan Chemicals is considered overvalued based on its current PE.

Kedia also sold a minor stake in Elecon Engineering, now holding 1.1% in the industrial machinery manufacturer.

Dolly Khanna cuts stakes in multiple companies

Dolly Khanna reduced her holdings in eight companies during Q4FY25, including four where her stake fell below 1%. Despite the reductions, her net worth rose by 22.5% to Rs 557 crore as of May 19, supported by new additions and stake increases. She added two new companies, Polyplex Corp and GHCL, and increased her stake in seven others during the quarter.

She lowered her stake in steel products maker Indian Metals & Ferro Alloys and oil exploration company Selan Exploration from 1.2% to below 1%. Over the past year, Indian Metals’ share price declined by 11.5%, while Selan Exploration dropped by 12.1%.

Dolly Khanna cuts stakes in four companies to below 1%

Khanna also reduced her stake in Nile and POCL Enterprises to below 1%. Both companies are currently in the PE Sell zone and appear in a screener of stocks with declining net cash flow.

During the quarter, she trimmed her stake in Zuari Industries by 1.3%, bringing it down to 1.6%. Trendlyne classifies this sugar company as a Mid-range Performer due to its medium financial strength, valuation, and a neutral Momentum score.

She also cut her stake in packaging firm Rajshree Polypack by 0.1%, now holding 1.1%. The company’s share price has fallen 27.5% over the past year, underperforming its industry by 74.5% points.

Khanna made a minor reduction in Rajshree Sugars & Chemicals as well during the quarter.

Porinju Veliyath reduces stake in an IT consulting firm to below 1%

Porinju V Veliyath’s net worth fell 33.7% to Rs 196.2 crore as of May 19. During the quarter, he reduced his stake in IT consulting firm RPSG Ventures to below 1%, down from 1.4% in Q3. The company’s share price has fallen 6.1% over the last six months but is up 32.2% over the past year.

Porinju pares stake in RPSG Ventures to below 1%; reduces holding in Kaya

He also cut his stake in Kaya, a skincare clinic chain, to 1.3% after consistently holding 2.9% for the past three quarters. Kaya holds a medium rank on the Trendlyne Checklist and has a neutral momentum score of 47.8. Its share price has underperformed its industry by 48% points over the past year.

Additionally, during the quarter, Veliyath marginally reduced his stake in Max India, a holding company.

 
Trendlyne Marketwatch
Trendlyne Marketwatch
19 May 2025
Market closes lower, Zydus Wellness' Q4 net profit grows 14.4% YoY to Rs 171.9 crore
By Trendlyne Analysis

Nifty 50 closed at 24,945.45 (-74.4, -0.3%), BSE Sensex closed at 82,059.42 (-271.2, -0.3%) while the broader Nifty 500 closed at 22,865.80 (-5.1, 0.0%). Market breadth is in the green. Of the 2,464 stocks traded today, 1,532 were in the positive territory and 887 were negative.

Indian indices closed lower after falling in the afternoon session. The Indian volatility index, Nifty VIX, rose 4.9% and closed at 17.4 points. Vodafone Idea closed 8.8% lower after the government rejected its plea for over Rs 45,000 crore in relief on adjusted gross revenue (AGR) dues, following an earlier Rs 36,950 crore support through equity conversion.

Nifty Smallcap 100 closed higher, while Nifty Midcap 100 closed flat. Nifty India Digital and Nifty India Defence Indices were among the top index losers today. According to Trendlyne’s sector dashboard, Realty emerged as the top-performing sector of the day, with a rise of 1.7%.

Asian indices closed lower, except for Indonesia’s IDX Composite and Sri Lanka’s CSE All-Share, which closed higher. European indices are trading lower, except for Russia’s RTSI and MOEX indices, which are trading lower. US index futures are trading lower, indicating a negative start to the trading session as investors react to Moody’s downgrade of the country’s credit rating to "Aa1" from "AAA". Brent crude futures are trading lower after rising 1.4% on Friday.

  • Money flow index (MFI) indicates that stocks like SKF, Apar Industries, Intellect Design Arena, and Aster DM Healthcare are in the overbought zone.

  • Mahindra Lifespace Developers rises as its board of directors sets May 23 as record date for its Rs 1,500 crore rights issue.

  • Zydus Wellness is rising as its Q4FY25 net profit grows 14.4% YoY to Rs 171.9 crore, driven by inventory destocking and lower finance costs. Revenue increases 16.2% YoY to Rs 913.9 crore, attributed to improvements in the food & nutrition and personal care segments. It features in a screener of stocks with rising net cash flow and cash from operating activities.

  • Container Corp of India is rising as its board of directors schedules a meeting on May 22 to consider a proposal for issuing bonus shares. The board will also announce the company's Q4FY25 and FY25 results during the meeting.

  • Nuvama initiates coverage on BHEL with a 'Buy' rating and a target price of Rs 360. The brokerage highlights BHEL's strong position in India's thermal capex revival. With 40–50 GW of orders expected between FY26–28, BHEL could secure 7–8 GW annually over the next 2–3 years as it has a market share of 60–70%.

  • Heritage Foods falls sharply as its Q4FY25 net profit declines 5.8% YoY to Rs 38.2 crore due to higher raw materials, employee benefits, finance, and depreciation & amortisation expenses. However, revenue grows 10.5% YoY to Rs 1,055 crore, led by improvements in the dairy and feed segments. It appears in a screener of stocks with declining profits for the past three quarters.

  • Ratnamani Metals & Tubes is rising as its net profit grows 7.8% YoY to Rs 207.1 crore in Q4FY25. Revenue increases 14.7% YoY to Rs 1,715.2 crore, driven by higher sales from the steel tubes & pipes, and pipe spools & auxiliary support systems segments during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding in the past quarter.

  • Texmaco Rail & Engineering's Q4FY25 net profit declines 12.2% YoY to Rs 39.8 crore due to higher raw materials, inventory, power & fuel, employee benefits and finance costs. However, revenue grows 17.1% YoY to Rs 1,363 crore, driven by improvements in the freight car and electrical infrastructure segments. It appears in a screener of stocks with an increasing trend in non-core income.

  • Jairam Sampath, CFO of Kaynes Technology, projects a revenue of Rs 4,525 crore for FY26, along with a 50 bps margin expansion. He adds that revenue from the Printed Circuit Board (PCB) and Outsourced Semiconductor Assembly & Test (OSAT) facilities will commence in FY26 and see a significant contribution from FY27 onwards.

  • Vodafone Idea falls sharply after the government rejects its latest plea for relief on adjusted gross revenue (AGR) dues. The firm had sought over Rs 45,000 crore in relief, following an earlier Rs 36,950 crore support via equity conversion.

  • PNC Infratech rises as it receives an arbitration award of Rs 485 crore from the National Highways Authority of India (NHAI). The award relates to a 2019 EPC project for constructing a four-lane Agra Bypass in Uttar Pradesh.

  • Hyundai Motor India's Q4FY25 net profit declines 3.7% YoY to Rs 1,614.3 crore due to higher raw materials, inventory, and employee benefits expenses. However, revenue grows 0.8% YoY to Rs 18,149.8 crore, driven by improvements in exports. It shows up in a screener of stocks with expensive valuations, according to Trendlyne's valuation score.

  • Global sugar prices have fallen below 18 cents per pound, even as the International Sugar Organization (ISO) forecasts a production shortfall for the 2024–25 season. The ISO now projects a global sugar deficit of 5.5 million metric tonnes, with total output revised down to 174.8 million tonnes. India’s sugar production is estimated at 26.1–26.2 million tonnes during the same period.

  • Zen Technologies rises to its 5% upper limit as its net profit surges 1.9X YoY to Rs 101.1 crore in Q4FY25, helped by lower material costs and higher sales. Revenue increases 1.3X YoY to Rs 325 crore during the quarter. The company appears in a screener of stocks with improving ROE over the past two years.

  • Inox Green Energy Services rises sharply as it signs operation and maintenance (O&M) deals for 285 megawatt peak (MWp) solar projects with two leading renewable energy firms across multiple sites in India.

  • HEG rises sharply after Japan's graphite electrode producer Resonac Holdings plans to shut production in China and Malaysia due to margin pressure. HEG exports over 70% of its production to more than 30 countries.

  • IDFC FIRST Bank shareholders reject Warburg Pincus’ proposal for a board seat via Currant Sea Investments, as the special resolution fails to secure the required 75% majority. The proposal sought to amend the bank’s Articles of Association to grant Currant Sea Investments the right to appoint a board member.

  • KEC International is rising as it secures an order worth Rs 1,133 crore from Power Grid Corporation of India (PGCIL) for development of high voltage direct current (HVDC) transmission line.

  • RPP Infra Projects rises as it secures a Rs 154.4 crore order from BHEL to supply fabricated boiler structures for the Koderma project in Jharkhand.

  • Divi's Laboratories rises sharply as its net profit grows 23.1% YoY to Rs 662 crore in Q4FY25, helped by a forex gain of Rs 10 crore. Revenue increases 12.2% YoY to Rs 2,585 crore during the quarter. The company appears in a screener of stocks with book value per share improving over the last two years.

  • Reliance Power rises as it announces a Rs 2,000 crore joint venture with Bhutan's Druk Holding and Investments (DHI). This partnership aims to develop the largest solar power project in Bhutan, a 500 MW facility. The 50:50 partnership, under a Build-Own-Operate model, marks the largest private sector foreign direct investment in Bhutan’s solar energy sector.

  • Shipping Corp of India's Q4FY25 net profit declines 39.7% YoY to Rs 185.1 crore due to higher employee benefits and depreciation & amortisation expenses. Revenue decreases 7.3% YoY to Rs 1,400.6 crore, caused by reductions in the bulk carrier, tanker, and technical & offshore segments. It appears in a screener of stocks with declining cash flow from operations over the past two years.

  • Data Patterns rises sharply as its net profit surges 60.5% YoY to Rs 114.1 crore in Q4FY25 due to higher sales. Revenue increases 1.2X YoY to Rs 396.2 crore, driven by strong order pipeline during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding over the past two months.

  • Delhivery rises sharply as its reports a net profit of Rs 72.6 crore in Q4FY25 compared to a net loss of Rs 68.5 crore in Q4FY24 due to improvements in freight, handling and servicing costs. Revenue increases 5.6% YoY to Rs 2,191.6 crore during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Kalpataru Projects International's Q4FY25 net profit grows 36.6% YoY to Rs 225.4 crore, helped by lower inventory and finance costs. Revenue rises 18.2% YoY to Rs 7,079.9 crore, driven by improvements in the engineering, procurement & construction (EPC) and development projects segments. It features in a screener of stocks with high trailing twelve-month (TTM) earnings per share (EPS) growth.

  • Nifty 50 was trading at 25,046.30 (26.5, 0.1%), BSE Sensex was trading at 82,354.92 (24.3, 0.0%) while the broader Nifty 500 was trading at 22,929.40 (58.5, 0.3%).

  • Market breadth is overwhelmingly positive. Of the 2,062 stocks traded today, 1,601 were in the positive territory and 399 were negative.

Riding High:

Largecap and midcap gainers today include Bajaj Holdings & Investment Ltd. (13,973, 6.6%), Rail Vikas Nigam Ltd. (431.50, 5.4%) and Divi's Laboratories Ltd. (6,580, 4.8%).

Downers:

Largecap and midcap losers today include GMR Airports Ltd. (87.43, -4%), PB Fintech Ltd. (1,694.50, -3.5%) and Mazagon Dock Shipbuilders Ltd. (3,409.90, -3.2%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Graphite India Ltd. (568.20, 16.8%), Alembic Pharmaceuticals Ltd. (1,028.65, 12.7%) and G R Infraprojects Ltd. (1,329.20, 10.0%).

Top high volume losers on BSE were CreditAccess Grameen Ltd. (1,120.50, -7.0%), Jupiter Wagons Ltd. (411.20, -2.6%) and Procter & Gamble Hygiene & Healthcare Ltd. (14,296, -0.4%).

Delhivery Ltd. (351.25, 9.5%) was trading at 16.8 times of weekly average. HEG Ltd. (528.70, 7.8%) and Usha Martin Ltd. (334.85, 7.5%) were trading with volumes 14.3 and 12.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

12 stocks made 52 week highs,

Stocks touching their year highs included - Bajaj Holdings & Investment Ltd. (13,973, 6.6%), Bharat Electronics Ltd. (363.75, 0.0%) and Divi's Laboratories Ltd. (6,580, 4.8%).

41 stocks climbed above their 200 day SMA including Graphite India Ltd. (568.20, 16.8%) and Alembic Pharmaceuticals Ltd. (1,028.65, 12.7%). 3 stocks slipped below their 200 SMA including PB Fintech Ltd. (1,694.50, -3.5%) and LIC Housing Finance Ltd. (601.65, -3.1%).

 
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The Baseline
16 May 2025
Five Interesting Stocks Today - May 16, 2025
By Trendlyne Analysis

1. Titan:

This gems and jewellery major has seen a 7.8% increase in its share price over the past week. The rise is due to its Q4FY25 results, in which it reported an 18.8% YoY growth in revenue to Rs 15,032 crore, helped by higher sales across segments. Net profit grew 13% YoY to Rs 871 crore, driven by inventory destocking. 

For the full year, Titan’s revenue was up 18.4% YoY at Rs 60,456 crore, beating Trendlyne’s Forecaster estimates by 3.4%. However, net profit declined 4.6% to Rs 3,337 crore, due to higher raw material, employee benefits, depreciation, and advertising expenses.

In Q4, the jewellery segment (which contributes over 88% to the total revenue) rose 25% YoY, driven by growth in ticket size. Meanwhile, Titan’s watches and wearables segment grew 20%, led by improved domestic analogue watch sales and strong growth in the Helios retail channel.

Gold prices have surged around 35% YoY in FY25, prompting consumers to rethink jewellery purchases. Commenting on this, Ajoy Chawla, the CEO of the jewellery division, said, “Sentiment has weakened, especially in the sub-Rs 50,000 range, as more products move above that mark. I think more and more customers are going to be open to lower caratage as they adjust to higher prices.”

Amid surging gold prices, consumers are opting for lightweight and lower carat jewellery (14K, 18K), with CaratLane launching 9K (9 carat gold is 37.5% pure gold, combined with metals like silver, copper, and zinc) pieces to attract value-focused buyers. Titan expects strong growth in its jewellery division, targeting 15–20% revenue growth in FY26. Tailwinds like more wedding dates and income-tax cuts are also expected to support demand.

The company added 72 stores on a net basis during the quarter, taking its retail store count to 3,312. Titan holds an 8% market share in the Indian jewellery market and has been working on expanding its retail footprint. 

JM Financial hasupgraded its rating on Titan to ‘Buy’ and set a higher target price of Rs 3,725. The brokerage believes the rise in gold prices has shifted consumer preference toward lower carat, lightweight jewellery with relatively lower making charges. A correction in gold prices could revive demand and support margin improvement.

2. Berger Paints:

This paints company has risen 7% in the past week after announcing its Q4FY25 results. Its revenue grew 7.3% YoY to Rs 2,720 crore, driven by strong performance in the decorative segment. It outperformed key rivals in revenue growth, with Asian Paints reporting a 4.3% decline and Kansai Nerolac posting just 2.7% growth. The company saw a 7.4% increase in sales volume and a 190 bps YoY rise in EBITDA margin, as strong demand for premium paints and lower raw material costs helped offset the impact of last year’s price cuts.

For the full year, Berger Paints' revenue grew 3.1%, and net profit rose 1.1%, surpassing Forecaster estimates. The company gained market share, increasing from 19.5% in FY24 to 20.3% in FY25. MD & CEO Abhijit Roy highlighted that the fading impact of past price cuts is expected to narrow the gap between volume and value growth, supporting stronger value growth going forward.

Speaking on expansion plans, Roy said, “We have a capex plan of around Rs 850 crore over the next two years. About Rs 400 crore will go towards commissioning our Hindupuram plant and phase-1 of the Panagar operations (new paint manufacturing facility) in FY26. Another Rs 250 to 350 crore is expected to be spent in FY27.”

The company appears in a screener of stocks that benefit from lower crude oil prices. It rose 1.9% on May 5 after crude prices dropped nearly 4% on oversupply concerns following OPEC+’s production hike. Despite falling oil prices, the management isn’t in favour of price cuts, as rutile prices (a mineral used in paint pigments) are expected to rise due to the government’s new anti-dumping duty.

Over the past year, Berger Paints' stock has risen 18.8%, outperforming its industry and the Nifty 50 index. The company's 5-year average P/E and forward P/E suggest the stock is undervalued. Its current price-to-earnings (PE) ratio of 56.5 is well below its 5-year average of 75.4. Based on analyst estimates, its forward PE is 58, suggesting potential for further upside.

Post results, Dolat Capital assigned an ‘Accumulate’ rating with a target price of Rs 616. The brokerage expects Berger’s revenue to grow 11.4% over FY26–27, supported by a rebound in demand. This recovery will likely be driven by higher disposable incomes, easing inflation, and an above-average monsoon.

3. Coromandel International:

This fertilizers company surged 7.6% over the past week after its subsidiary, Coromandel Chemicals, entered into a joint venture with Sakarni Plaster to manufacture and market green building materials using phospho gypsum. The stock has been hitting new highs following its inclusion in MSCI’s Global Standard Index as part of the May 2025 review. Due to this inclusion, IIFL Alternate Research and JM Financial estimate passive inflows of over Rs 1,800 crore.

In FY25, Coromandel reported a 10% YoY increase in revenue and 26% net profit growth, surpassing Forecaster estimates. This performance was aided by 15% volume growth and a decline in raw material costs. The company gets around 5% of its revenue from exports, mainly in the crop protection segment.

Although margins per tonne of fertiliser produced dipped marginally this year to Rs 4,150, Coromandel has maintained its FY26 guidance of Rs 5,000. To achieve this, the company is focusing on backward integration to ease supply bottlenecks. As part of this strategy, it acquired a majority stake in Baobab Mining and Chemicals Corporation in Senegal, which supplies rock phosphate and is expected to meet one-third of the company’s requirements.

Coromandel is scaling up its Nano DAP product, which can reduce the per acre usage of traditional DAP (a fertiliser) by half when mixed with one litre of Nano DAP. The company aims to increase sales of Nano DAP bottles 15-fold over the next 2–3 years, banking on rising domestic acceptance and export opportunities.

Commenting on the outlook for FY26, MD & CEO Sankarasubramanian S said, “Our turnover for the next year can be on the high double-digit side, supported by a healthy profit margin, with the changing portfolio towards high-margin products.” 

Motilal Oswal maintains its ‘Buy’ rating on Coromandel and projects revenue growth of 12% and net profit growth of 23% in FY26, supported by stable agrochemical prices, improved inventory levels, and favourable weather across key regions. The brokerage also expects margins to improve over the next 2–3 years, driven by backward integration, higher demand, product innovation, and a strategic shift toward high-margin offerings in the crop protection segment.

4. Canara Bank:

This bank rose 13% over the past week after announcing its Q4FY25 results. During the quarter, the company’s net profit grew 28.3% YoY to Rs 5,070 crore and revenue increased 7.6%, driven by lower provisions and higher other income. The bank appears in a screener of stocks with decreasing provisions.

Revenue rose 9.6% in FY25, and profit increased 14.8%, exceeding Forecaster estimates. Despite the rising profit, the net interest margin (NIM) contracted by 25 bps YoY to 2.8% in Q4, led by higher deposit costs and a decline in net interest income (NII).

Canara Bank’s loan-to-deposit ratio (LDR) improved by 47 bps YoY to 73.6% in Q4FY25 as deposit growth outpaced loan growth. Loans grew 11%, driven by housing and vehicle loan growth. The bank also improved its asset quality by reducing the non-performing assets (NPA) ratio by 57 bps to 0.7% in FY25, driven by lower slippages and higher loan recoveries.

The company’s retail loan book increased 42.8% YoY, driven by a rise in retail gold loans from metropolitan customers after the bank discontinued agriculture gold loans. In April 2024, the RBI mandated that banks reclassify agriculture gold loans as retail gold loans.

The bank’s decision to reduce its lending rate by 10 bps across home, personal, and auto loans, effective May 12, also drove the stock price higher.

During the Q4 earnings call, Satyanarayana Raju, MD & CEO, outlined the growth roadmap for FY26. He said, “We are targeting 10–11% loan growth and 9–10% deposit growth in FY26. We aim to reduce gross NPAs to 2.5% and grow the retail gold loan portfolio to Rs 70,000 crore by the end of FY26, up from the current Rs 48,000 crore.”

Post results, Emkay Global retains its ‘Buy’ rating on the bank. The broker expects stronger treasury gains and lower provisions to drive an ROA of 0.9–1.1% over FY27–28.

5. Tata Elxsi:

This IT consulting & software company rose over 8% in the past week due to the free-trade agreement between India and the UK. On May 14, Mercedes-Benz Research and Development India selected the company for Vehicle Software Engineering and Software-Defined Vehicles (SDV) development. 

The company announced its Q4FY25 and full-year results on April 17. It reported a 12.5% YoY decline in net profit for Q4FY25, reaching Rs 172.4 crore, due to a rise in raw material and employee benefit expenses. Its revenue rose by 1.3% YoY and beat Forecaster's estimate by 3.9% due to strong growth in the domestic business. Tata Elxsi appears in a screener of stocks where mutual funds have increased shareholding in the past month.

In FY25, the company saw a decline in revenue from the US, while contributions from India and other global markets grew. Manoj Raghavan, MD and CEO, Tata Elxsi, regarding this said, “We have been investing and actually building relationships in the emerging markets over more than 4-6 quarters. This is not a knee jerk reaction; it is part of a well planned strategy. Our focus on exploring new markets has proven valuable in navigating the current challenges in both the US and Europe.”

ICICI Securities upgraded Tata Elxsi to a ‘Reduce’ rating with a target price of Rs 4,250. The brokerage notes that while new deals offer short-term relief, structural and macroeconomic challenges persist amid tariff-related uncertainties. It expects margins to recover as growth rebounds in Q1FY26, with the onsite-offshore mix and contract structures (fixed price, time, and material) likely to remain stable.

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