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The Baseline
09 May 2025, 04:56PM
Five Interesting Stocks Today - May 09, 2025
By Trendlyne Analysis

1. Coforge:

This IT consulting & software firm jumped 5.2% over the past week after announcing its Q4 results. The rise was also driven by CEO Sudhir Singh expressing confidence in achieving the company’s $2 billion revenue target by FY27, backed by record-high deal wins in FY25. He highlighted that the executable order book for the next 12 months stands at $1.5 billion, up 48% YoY. Singh noted that near-term macroeconomic challenges are not expected to pose a major risk.

The surge in Coforge’s order book is largely driven by a major deal with Sabre Corp, a travel technology company. On March 4, Coforge announced a 13-year, $1.6 billion contract with Sabre, which translates to about $120 million in annual revenue. With this deal making up nearly half of the order book, there is a potential risk of margin pressure, as Sabre may have leverage over pricing. However, the management is confident that it will not hurt margins and aims for an EBITDA margin of around 18% by FY27, up from the current 16.6%.

In Q4, the company’s EBITDA margin rose by 108 bps QoQ to 18.7%. Revenue grew 1.9% QoQ to Rs 3,441 crore, but missed Forecaster estimates by 2.5%. The growth was supported by strong performance in the banking, financial services and insurance (BFSI), travel, and overseas government segments. Speaking about the travel vertical, Singh said. “In North America and Europe, airlines are being cautious, but leisure travel is slowly picking up. Travel demand is strong in Asia, the Middle East, and Africa, so FY26 looks promising for us.”

During the quarter, Coforge acquired a data and cloud asset in the US, generating $6 million in quarterly revenue, and a ServiceNow asset in Australia, contributing $2 million per quarter. This helped offset the revenue loss from the recently divested AdvantageGo business, an insurance software unit. The company sold AdvantageGo for $53.5 million on April 30 as part of a broader strategic restructuring.

Motilal Oswal has given Coforge a ‘Buy’ rating, calling it their top pick among tier-II IT players. The brokerage believes a strong executable order book and consistent client spending across sectors will support the company’s growth. It also expects Coforge’s EBITDA margin to expand by 100–120 bps over the next 12–18 months.

2. R R Kabel:

Thiswires and cables companysurged 18% over the past week after announcing its Q4results. In Q4, the company reported a revenue growth of 26% YoY, surpassingForecaster estimates by 8%. Net profit gained 64%, significantly exceeding expectations, led by strong volume gains and price hikes. 

RR Kabel shares rallied as this performance came after two quarters of relatively subdued demand, impacted by channel destocking and volatility in raw material prices.

The businessgets a majority of its revenue from wires and cables (W&C), while 12% comes from fast moving electrical goods (FMEG). Losses in the FMEG division have gone down by half in Q4, and the company expects this segment to achieve EBITDA breakeven by FY26. The company appears in ascreener of stocks with best results last week in terms of revenue and net profit growth on a YoY basis.

RR Kabel’s management is confident of outpacing the industry with a targeted CAGR of 18%, as the W&C industry is projected to grow at a CAGR of 15%. To support this ambition, the company invested Rs 370 crore in capex this year, which is 95% higher compared to last year.

Looking ahead, MD Shreegopal Kabrasays, “We have already begun executing our Rs 1,200 crore capex plan for FY26-28, which is primarily aimed at expanding cable capacity to support a 15-20% volume growth and improve margin.” Kabra aims to achieve a topline growth of Rs 4,500 crore with this investment.

Motilal Oswalmaintains a ‘Neutral’ rating on the stock. It sees volatility in raw material prices and rising competition as key challenges. Analysts also expect the company’s net debt to increase to Rs 840 crore by FY27 from Rs 110 crore as of FY25, driven by higher capex.

3. Sona BLW Precision Forgings:

Thisauto parts manufacturer rose 3.3% on May 2 after announcing itsQ4FY25 results. The company's net profit grew 10.4% YoY to Rs 164.1 crore, beating Forecaster estimates by 8.5%. The growth wasdriven by higher other income from interest earned on surplusQIP funds.

However, during the quarter, the company’s operating revenue dropped 2.3% YoYdue to uncertainty over US tariffs, weaker demand in the US, intense competition from Chinese OEMs (Original Equipment Manufacturers) in the EU, and the transition of a global EV customer to a new model.

Vivek Vikram Singh, MD & Group CEO of the company,said, “Despite a temporary revenue drop due to model transition, we closed the quarter with record profitability. Our Battery Electric Vehicle (BEV) business is growing rapidly, and with new product launches and orders, our order book is at an all-time high.” The company expects revenue growth to recover in H1FY26 and plans to diversify towards Chinese and other Asian OEMs as the US and EU markets remain weak.

In FY25, BEVscontributed 36% of the company's total revenue, an increase from 29% in FY24. BEV revenue grew by 38% YoY in FY25. The segment also accounts for 77% of the total order book of Rs 24,200 crore. North America remains the largest market, contributing roughly 40% of sales.

About 3% of revenue faces risk from US tariffs. Managementnoted that the indirect effects of the tariffs could slow down customer demand and disrupt supply chains in the short term. He also highlighted China's recent export restrictions on seven rare earth elements and associated magnets, which could strain electric vehicle (EV) component sourcing. To mitigate this, Sona BLW isdeveloping magnetless motor technology and other non-rare-earth technologies.

The company is expanding its product portfolio with new products such as traction motors, controllers, belt starter generators (BSG), and sensors. It entered the railway equipment business byacquiring Escorts Kubota’s railway division for Rs 1,600 crore. The company is also working on high-voltage traction motors for heavy vehicles and exploring robotics applications for driveline components.

Post results, Motilal Oswalreiterated its ‘Neutral’ rating. The brokerage expects net sales to grow at an 11.7% CAGR and net profit at an 11.5% CAGR over FY26-27, driven by BEV momentum and new business wins.

4. CCL Products India:

This tea & coffee company recorded its best single-day gain in eight months, rising 15.9% on May 6, following the announcement of its Q4FY25 and full year results on May 5. The company reported a 56.2% YoY surge in net profit for Q4FY25, reaching Rs 101.9 crore, driven by an improved product mix and expanding margins. Its revenue rose by 14.9%. The stock appears in a screener featuring strong momentum stocks.

The company beat Trendlyne’s forecaster, Q4FY25 net profit estimate by 55.3% and the revenue estimate by 32.3%. Despite volatility in coffee prices, the company’s gross margins rose by 133 basis points to 44.4%, while EBITDA margins expanded by 328 basis points YoY to 19.5%. Its geographical advantage enabled it to strengthen its presence in international markets, increase market share, and secure new business opportunities. The company also plans to further invest in the UK and US markets.

Challa Srishant, Managing Director of CCL Products, has set a target of 40% volume growth in the domestic market by FY26. The company also aims to increase its global market share from 7% to 10%. Mr. Srishant expects EBITDA/kg to stay steady at approximately Rs 120 per kg and remains confident in meeting volume targets, despite shorter contract periods. He highlighted the completion of the company’s subsidiary (Ngon Coffee) manufacturing facility in Vietnam and noted that, “We are expanding in China, Taiwan, Middle East, and African markets. These are economies we foresee will be driving coffee consumption in the coming decades.”

The company's working capital debt rose to Rs 1,815 crore in FY25, mainly due to high coffee prices and long-term loans taken for capacity expansion. On the debt levels, Srishant said, “With raw material prices now falling 10%, there could be a reduction in working capital loans. Over the next 3-4 years, debt levels will start sliding back.” But he didn’t go into specifics.

Axis Securities has maintained a ‘Buy’ rating on CCL, citing the company’s consistent performance despite volatility in coffee prices. The brokerage highlighted the company’s plans of expanding capacity in value-added products such as freeze-dried coffee (FDC) and small packs in Vietnam. It has increased its FY26 & FY27 PAT estimates by 13% and 14%, respectively.

5. Avenue Supermarts (DMart): 

This department stores chain has declined by 5.4% over the past week following the announcement of its Q4FY25 results. Avenue Supermarts’ net profit declined 2.2% YoY to Rs 550.9 crore, and missed Trendlyne’s Forecaster estimates by 5.1%. The dip in profit was due to higher raw materials, employee benefits and finance costs. 

During the quarter, revenue increased 16.9% YoY to Rs 14,896.9 crore driven by new store additions. DMart opened 28 new stores, taking its total count to 415. For the full year, the company added 50 stores, up 22% compared to the previous year. 

DMart’s like-for-like (LFL) sales fell to 8.1% in Q4FY25 from 10.3% a year ago. The management highlighted that non-metro cities outperformed metros. Quick-commerce's rising popularity has been impacting these markets, which account for ~47% of DMart’s revenue. Despite the perception of D-Mart’s customer as being highly price conscious, quick commerce players have been making inroads.

Neville Noronha, CEO & Managing Director, said, “The rise of Q-commerce is impacting us, particularly in metro stores with high foot traffic and fast inventory turnover”. He added that increased competition in the FMCG space, rising employee costs, and higher investments in service levels have dragged down margins. The company’s EBITDA margins declined 100 bps YoY to 6.4% in the March quarter. 

DMart is known for offering the lowest prices on branded fast-moving consumer goods, while Q-commerce players’ advantages are discounted pricing and 10-minute delivery. The company has been offering higher discounts and increasing its delivery services through DMart Ready. It expanded its presence to 25 cities during FY25. Noronha highlighted, “Home delivery is gaining traction in metros, however, losses from the format will likely continue in the near term”.

Following the company’s earnings announcement, Axis Direct reiterated its ‘Buy’ rating with a Rs 4,770 target price. The brokerage highlights DMart’s focus on boosting store productivity, improving profits, and reviving its general merchandise & apparel segment.

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

 
Trendlyne Marketwatch
Trendlyne Marketwatch
09 May 2025, 03:56PM
Market closes lower, Intellect Design Arena's Q4 net profit surges 93% QoQ to Rs 135.3 crore
By Trendlyne Analysis

Nifty 50 closed at 24,008 (-265.8, -1.1%), BSE Sensex closed at 79,454.47 (-880.3, -1.1%) while the broader Nifty 500 closed at 21,675.55 (-167.5, -0.8%). Market breadth is in the red. Of the 2,386 stocks traded today, 794 were on the uptick, and 1,562 were down.

Indian indices closed in the red amid escalating tensions with Pakistan. The Indian volatility index, Nifty VIX, rose around 3% and closed at 21.6 points. Titan closed 4.2% higher as its Q4FY25 net profit grew 13% YoY to Rs 871 crore, driven by inventory destocking. Revenue increased 18.8% YoY due to improvements in the watches & wearables, jewellery, and eyecare segments.

Nifty Smallcap 100 closed lower, while Nifty Midcap 100 ended flat. Nifty Financial Services and Nifty FMCG closed in the red. According to Trendlyne’s sector dashboard, Healthcare Equipment & Supplies emerged as the worst-performing sector of the day, with a fall of 4.2%.

European indices are trading in the green. Major Asian indices closed mixed. US index futures are trading mixed, indicating a cautious start to the session. Investors look ahead to key trade talks between US and Chinese officials this weekend in Switzerland. Meanwhile, Shopify, ConocoPhillips, Coinbase and Kenvue are set to report their earnings later today.

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

  • Bharti Airtel Chairman Sunil Mittal is in advanced talks to acquire a 49% stake worth $2 billion in Haier's India unit. He has reportedly partnered with PE firm Warburg Pincus for the deal.

  • Infibeam Avenues' board of directors approves a fundraising of up to Rs 700 crore through the rights issue of equity shares.

  • Intellect Design Arena is rising as its Q4FY25 net profit surges 93% QoQ to Rs 135.3 crore. Revenue grows 19.8% QoQ to Rs 748.5 crore during the quarter. It appears in a screener of stocks with high Trendlyne momentum scores.

  • Hospitality, travel & tourism stocks like Easy Trip Planners, Yatra, and Chalet Hotels decline amid concerns over disrupted travel, weaker tourism demand, and reduced discretionary spending due to rising India-Pakistan tensions. With 24 airports temporarily closed under Operation 'Sindoor' and increased military activity, analysts warn of short-term challenges for the sector unless tensions ease soon.

  • Mahindra & Mahindra Financial Services' board of directors approves a rights issue at Rs 194 per share and sets the record date as May 14. The issue involves 15.4 crore shares worth Rs 2,996 crore.

  • Jindal Stainless' Q4FY25 net profit grows 18% YoY to Rs 591 crore, driven by inventory destocking and lower purchases of stock-in-trade. Revenue increases 7.9% YoY to Rs 10,198.3 crore during the quarter. The company appears in a screener of stocks with increasing revenue every quarter for the past three quarters.

  • EPL rises as its Q4FY25 net profit surges 5.1x YoY to Rs 114.3 crore, helped by lower raw materials and finance costs and reduced exceptional losses. Revenue grows 6.7% YoY to Rs 1,115.8 crore, driven by improvements in the Americas, Europe, and East Asia Pacific (EAP) markets. It features in a screener of stocks with improving net profit margins on a QoQ and trailing twelve month (TTM) basis.

  • According to NielsenIQ, rural demand for consumer goods slowed in the March quarter but still grew four times faster than in urban areas. FMCG demand in rural India rose to 8.4% in Q4, down from 9.2% in Q3FY25, while urban growth eased to 2.6% from 4.2%. The firm notes that higher unit growth than volume growth suggests a consumer shift toward smaller pack sizes.

  • Kalyan Jewellers India is rising as its revenue grows 36.6% YoY to Rs 6,181.5 crore in Q4FY25, marginally beating Forecaster estimates. Net profit rises 36.3% YoY to Rs 187.6 crore, driven by higher gold prices. The company appears in a screener of stocks with rising quarterly net profit and profit margin (YoY).

  • IIFL Finance rises sharply as its net profit grows 5.1X QoQ to Rs 207.7 crore in Q4FY25, driven by a 28% rise in assets under management (AUM). However, its net profit and revenue declines YoY by 44.4% and 9.2%, respectively, during the quarter. The company shows up in a screener of stocks where mutual funds increased their shareholding in the past quarter.

  • Aarti Industries is rising as its Q4FY25 net profit beats Forecaster estimates by 56.1% despite falling 27.3% YoY to Rs 96 crore due to higher raw material and energy costs. Revenue increases 9.9% YoY to Rs 1,949 crore, driven by higher volumes across key product segments such as Nitro Toluene, NCB, and Ethylation-based chemicals during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Ashok Sonthalia, CFO of Titan, projects a growth of over 15-20% for the jewellery business in FY26 and margins in the range of 11-11.5%. He believes that rising gold prices will impact consumer sentiment, but will not permanently damage it. He notes that the company is simultaneously working on growing the studded jewellery space and gold jewellery.

  • Birla Corporation board approves a Rs 3,475 crore investment to set up a 3.7 MTPA brownfield clinker manufacturing unit in Madhya Pradesh and two greenfield grinding units with a total capacity of 3.4 MTPA in Uttar Pradesh.

  • Britannia Industries is rising as its Q4FY25 net profit grows 4% YoY to Rs 560 crore. Revenue increases 8.9% YoY to Rs 4,495.2 crore during the quarter. It shows up in a screener of stocks with improving cash flow from operations in the last two years.

  • Brigade Enterprises acquires an 11-acre land parcel in Bengaluru for a commercial project. The project has a gross development value (GDV) of around Rs 2,000 crore.

  • According to data released by the Association of Mutual Funds in India (AMFI), mutual funds' net inflows stand at Rs 2,76,827 crore in April, compared to outflows of Rs 1,64,435 crore in March. Meanwhile, monthly equity inflows decline to Rs 24,269 crore in April from Rs 25,082 crore last month.

  • Zydus Lifesciences receives final approval from the US FDA for its Glatiramer Acetate injection. The injection is used to treat multiple sclerosis, a nerve disease. According to IQVIA, the drug has a market size of $719 million in the US as of March 2025.

  • Senores Pharmaceuticals acquires the US FDA-approved abbreviated new drug application (ANDA) for Tramadol tablets from APDM Pharmaceuticals. These tablets are used to treat arthritis and back pain. According to IQVIA, the drug had a market size of $61.9 million in 2024.

  • Pidilite Industries' net profit grows 40.5% YoY to Rs 427.5 crore in Q4FY25. Revenue increases 9.2% YoY to Rs 3,221.5 crore, driven by volume growth across the consumer and industrial segments. The firm appears in a screener of stocks where foreign institutional investors (FII) increased their stakes in Q4FY25.

  • Morgan Stanley maintains an 'Underweight' rating on Asian Paints with a target price of Rs 2,126. The brokerage expresses concern over increased competitive pressures, rising raw material costs, and weakening demand in the Indian paint industry. It maintains a cautious growth outlook, factoring in the disappointing Q4 results.

  • Biocon's Q4FY25 net profit surges 154.2% YoY to Rs 344.5 crore, helped by lower raw materials, finance and tax expenses. Revenue grows 12.3% YoY to Rs 4,453.9 crore, led by improvements in the generics, biosimilars, and research services segments. It appears in a screener of stocks with rising net profit and profit margin QoQ.

  • Titan rises sharply as its Q4FY25 net profit grows 13% YoY to Rs 871 crore, driven by inventory destocking. Revenue jumps 18.8% YoY to Rs 15,032 crore, attributed to improvements in the watches & wearables, jewellery, and eyecare segments. It features in a screener of stocks with superstar investor buys.

  • Union Bank of India is rising as its net profit surges 50.6% YoY to Rs 4,984.9 crore in Q4FY25. Revenue increases 5.1% YoY to Rs 27,695.2 crore, driven by improvements in the treasury and retail banking segments during the quarter. The bank's asset quality improves as its gross and net NPAs contract by 116 bps and 40 bps YoY, respectively.

  • Larsen & Toubro is rising as its net profit grows 25.1% YoY to Rs 5,497.3 crore in Q4FY25. Revenue increases 10.9% YoY to Rs 74,392.3 crore, driven by higher sales from infrastructure projects, energy projects, and hi-tech manufacturing segments during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Markets opened on a low note. Nifty 50 was trading at 24,080.80 (-193, -0.8%), BSE Sensex was trading at 79,880.55 (-454.3, -0.6%) while the broader Nifty 500 was trading at 21,617.10 (-226.0, -1.0%)

  • Market breadth is overwhelmingly negative. Of the 2,054 stocks traded today, 159 were on the uptick, and 1,864 were down.

Riding High:

Largecap and midcap gainers today include YES Bank Ltd. (20.02, 9.8%), Union Bank of India (122.90, 6.3%) and Bharat Forge Ltd. (1,165.60, 4.7%).

Downers:

Largecap and midcap losers today include Indian Hotels Company Ltd. (718.75, -4.2%), Mahindra & Mahindra Financial Services Ltd. (244.25, -4.2%) and Macrotech Developers Ltd. (1,234.30, -4.2%).

Movers and Shakers

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

Top high volume gainers on BSE included KPR Mill Ltd. (1,306.25, 9.9%), YES Bank Ltd. (20.02, 9.8%) and Supreme Petrochem Ltd. (702.60, 7.3%).

Top high volume losers on BSE were Mahindra & Mahindra Financial Services Ltd. (244.25, -4.2%), DLF Ltd. (631.70, -3.6%) and Mahindra Lifespace Developers Ltd. (305.65, -3.3%).

Craftsman Automation Ltd. (4,867.50, 6.3%) was trading at 7.5 times of weekly average. Union Bank of India (122.90, 6.3%) and Cera Sanitaryware Ltd. (5,832, 5.6%) were trading with volumes 6.4 and 5.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

2 stocks made 52 week highs, while 9 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - KPR Mill Ltd. (1,306.25, 9.9%) and Redington Ltd. (259.35, 4.8%).

Stocks making new 52 weeks lows included - Central Bank of India (34.15, -0.6%) and Syngene International Ltd. (614.10, 0.6%).

6 stocks climbed above their 200 day SMA including Union Bank of India (122.90, 6.3%) and Devyani International Ltd. (176.74, 2.4%). 33 stocks slipped below their 200 SMA including Multi Commodity Exchange of India Ltd. (5,670.50, -5.6%) and Jyoti CNC Automation Ltd. (1,134.50, -4.3%).

 
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The Baseline
09 May 2025, 12:37AM
Superstar investor portfolios take a hit from market volatility | Screener: Promoters reducing their stakes
By Tejas MD

A diet that includes five cans of Coca Cola every day, potato chips and weekly meals at McDonald's. No exercise. This is the secret to Warren Buffett's longevity (he is now 94) and 75-year career.

The famous Oracle of Omaha is retiring with a legacy that is difficult to imitate — whether in terms of his food habits, his success, or in the returns he generated at Berkshire Hathaway.

Buffett's timeless quote,“Our favourite holding period is forever”, has inspired generations of investors.  Retail investors look up to superstar investors like Buffett, hoping to figure out their high-return strategies.

But investing strategies vary. Some of these investors stick to Buffett’s mantra of patience. Others move fast, reshuffling their portfolios to ride out the storm. So, how are India’s superstar investors navigating the turbulence of 2025? Who’s holding firm? Who’s making bold moves? And how has their net worth changed in the recent market volatility? 

In this week’s Anlayticks, 

  • Portfolio pain: Superstar investors see their net worth take a hit in Q4FY25
  • Screener: Promoters decreasing their shareholding QoQ

Market volatility roils superstar investor portfolios in Q4

The last quarter of the financial year ending March 2025 was volatile, with benchmark indices plunging 16%+ from their record highs. Trump’s ‘Liberation Day’ rattled markets in April with tariff uncertainty. Even superstar investors haven't been spared, with their portfolios taking a hit.

Major superstar investors see their net worth fall in the March qtr (Q4FY25)

Rakesh Jhunjhunwala & Associates’ public portfolio (now managed by Rare Enterprises), saw a rise in net worth in the March quarter, mainly due to a Rs 14,953 crore fund infusion into a newly listed company, Inventurus Knowledge.

Other top investor portfolios saw their net worth drop. Vijay Kedia took a big hit, with his top holdings, Atul Auto and TAC Infosec, falling 16% and 30% over the past quarter. These two stocks make up over 30% of his public portfolio. The struggle highlights the dangers of a volatile market, that even the best in the business can’t avoid.

Most expert investors sat tight during this period, or cautiously trimmed their stakes. But Ashish Kacholia took a different route, going for an aggressive reshuffle. In Q4FY25, he cut his holdings in 10 companies and added eight new names.

Breaking the trend: Ashish Kacholia snaps up new stocks in a volatile market

Interestingly, this mirrors Mukul Agrawal’s strategy from the previous quarter, when he picked up eight new stocks while cutting his stake in 12 companies. However, Agrawal went into sell mode this quarter, trimming his position in 13 stocks while buying a new stake in just one company.

New stakes are in recently listed, expensive companies

Some top investors acquired new stakes in 10 companies in Q4,all in the small-cap space. Ashish Kaholia contributed eight of these new additions.

New Buys: Kacholia picks up expensive, newly listed stocks

One sector in particular, is in the spotlight — commercial services & supplies, which features prominently across these portfolio moves.

Two clear patterns stand out from this list. First, seven of the 10 new buys are fresh listings from 2024-25. Second, they come with expensive valuations, as flagged by Trendlyne’s valuation scores.

Superstar investors pick up new stakes in 2024-25 newcomers

Only one of the seven recently listed companies outperformed the Nifty50 in the past quarter, Qualitek Labs. 

Superstar investors sell stakes in underperforming companies

Ten stocks exited superstar portfolios in the past quarter. Barring Ceat, all other companies have underperformed the Nifty50 in the past quarter.

These exits spanned sectors from transportation to banking and finance. The biggest loser was Quick Heal Tech, a software and services firm that Mukul Agrawal chose to offload.

Fundamentally strong stocks feature in superstar investors’ Sell list

Interestingly, even fundamentally strong stocks were cut out, as price underperformance forced superstar investors to exit in Q4.

Among long-term winners for superstars, Vijay Kedia’s Neuland Labs shines

Neuland Labs, the pharma player, stands out as the best-performing long-term bet for both Vijay Kedia and Mukul Agrawal. However, Kedia has outpaced Agrawal in returns, thanks to his timely entry in 2019 when the stock was trading at lower levels.

Best long-term holdings for superstars: Kedia's Neuland Labs tops the list

Akash Bhanshali’s Gujarat Fluorochemicals (30% of total holding value), on the other hand, has lagged since they bought the stock. However, Bhanshali's net worth has almost tripled in the past two years due to high performance in their other holdings and fresh buys in new stocks.

Screener: Promoters decreasing their shareholding QoQ

Banking & finance stocks see QoQ drop in promoter holdings in Q4FY25

2025 began with heightened volatility across global markets, triggered by President Donald Trump's new import tariffs. As benchmark indices slipped into correction territory, promoters of several Indian companies reduced their holdings. This screener highlights stocks where promoters cut their stakes quarter-on-quarter in Q4 FY25.

The screener is dominated by stocks from the banking & finance, pharmaceuticals & biotechnology, FMCG, software & services, and consumer durables sectors. Major stocks that feature in the screener are AWL Agri Business, JB Chemicals & Pharmaceuticals, UCO Bank, Central Bank of India, Hitachi Energy, Aditya Birla Fashion, Home First Finance, and Indian Overseas Bank.

JB Chemicals shows up in the screener after its promoter cut their stake by 5.8 percentage points to 47.8% in Q4FY25. Its stock price declined 9.9% over the past quarter. This pharmaceutical company’s promoter, Tau Investment Holdings, sold 89.8 lakh shares (a 5.8% stake) for Rs 1,459.8 crore. A mutual fund, Kotak Emerging Equity Scheme (bought a 1.4% stake), and a foreign institutional investor (FII), Smallcap World Fund, Inc (bought a 1.1% stake), picked up the stake sold by the promoters.

Public sector undertaking (PSU) banks like UCO Bank, Central Bank of India, and Indian Overseas Bank saw a 4.4 percentage points, 3.8 percentage points, and 1.8 percentage points reduction in promoter holding in Q4FY25. The Government plans to reduce its holdings in these banks to below 75%, with an official stating, “This will be done to comply with the Securities and Exchange Board of India’s (Sebi’s) minimum public-shareholding norms. While market conditions will be considered, the government plans to use both the offer for sale (OFS) and qualified institutional placement (QIP) routes." FIIs and mutual funds picked up stakes in UCO Bank and Central Bank of India, while retail investors also picked up stakes in Indian Overseas Bank.

You can find more screeners here.

 
Trendlyne Marketwatch
Trendlyne Marketwatch
08 May 2025, 04:03PM
Market closes lower, Asian Paints' Q4 revenue misses Forecaster estimates by 3.5%
By Trendlyne Analysis

Nifty 50 closed at 24,273.80 (-140.6, -0.6%) , BSE Sensex closed at 80,334.81 (-412.0, -0.5%) while the broader Nifty 500 closed at 21,843.05 (-229.4, -1.0%). Market breadth is overwhelmingly negative. Of the 2,413 stocks traded today, 692 were on the uptrend, and 1,667 went down.

Indian indices closed in the red amid escalating tensions with Pakistan. The Indian volatility index, Nifty VIX, rose 10.2% and closed at 21 points. India signed a Free Trade Agreement (FTA) with the UK, aiming to double bilateral trade by 2030. It retained duties on sensitive goods such as diamonds, silver, smartphones, and optical fibers, while agreeing to significantly reduce tariffs on auto and whiskey imports.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the red, following the benchmark index. Nifty Realty & BSE Realty Index were among the top index losers today. According to Trendlyne’s Sector dashboard, Healthcare Equipment & Supplies emerged as the worst-performing sector of the day, with a fall of 3.4%.

Asian indices closed mixed, while European indices are trading in the green. US index futures traded higher, indicating a positive start to the trading session. David Perdue was sworn in as the new US ambassador to China on Wednesday, ahead of key trade talks set for May 9-10 in Geneva. Meanwhile, major chip stocks such as Nvidia gained 3.1% after the Trump administration indicated plans to roll back Biden-era restrictions on exporting advanced AI chips.

  • Siemens sees a short buildup in its May 29 futures series, with open interest increasing by 15.6% and a put-call ratio of 0.8.

  • Escorts Kubota's net profit rises 17.9% YoY to Rs 318.4 crore in Q4FY25, helped by lower purchases of stock-in-trade. Revenue increases 6.3% YoY to Rs 2,444.9 crore, driven by higher sales from the agri machinery products segments during the quarter. The company appears in a screener of stocks with book value per share improving over the last two years.

  • Asian Paints falls as its Q4FY25 revenue declines 4.3% YoY to Rs 8,358.9 crore, missing Forecaster estimates by 3.5%, impacted by the decorative business segment. Net profit decreases 44.9% YoY to Rs 692.1 crore during the quarter. The company appears in a screener of stocks where promoters increased pledged shares QoQ.

  • KR Choksey maintains its 'Buy' call on Varun Beverages with a lower target price of Rs 639 per share. This indicates a potential upside of 26.5%. The brokerage remains confident in the company's long-term performance, led by increasing penetration in newly acquired African territories, sustained growth in the domestic business, and capacity additions that increase operating leverage. It expects the firm's revenue to grow at a CAGR of 22% over FY25-26.

  • Sanjay Kulshrestha, CMD of HUDCO, anticipates the company's assets under management (AUM) will reach Rs 1.5 lakh crore by FY26. He expects net interest margins (NIMs) to rise to 3.3%, driven by lower borrowing costs. Kulshrestha also projects disbursals to be in the range of Rs 50,000 to Rs 55,000 crore during this period.

  • Canara Bank is rising as its net profit grows 33.1% YoY to Rs 5,002.7 crore in Q4FY25. Revenue increases 7.6% YoY to Rs 31,002 crore, driven by improvements in the treasury, wholesale and retail banking segments during the quarter. The bank's asset quality improves as its gross and net NPAs contract by 129 bps and 57 bps YoY, respectively.

  • DB Corp falls sharply as its net profit declines 57.3% YoY to Rs 52.3 crore in Q4FY25 due to higher employee benefits, finance, and other expenses. Revenue drops 11.7% YoY to Rs 566.7 crore, impacted by the printing, publishing and allied businesses. It shows up in a screener of stocks with growing costs YoY for long term projects.

  • Sonata Software rises as its Q4FY25 net profit grows 2.4% QoQ to Rs 107.5 crore, owing to inventory destocking and lower raw materials, finance, and depreciation & amortisation expenses. However, revenue declines 8.2% QoQ to Rs 2,628.4 crore due to a reduction in the Indian business. It appears in a screener of stocks with improving cash flow from operations over the past two years.

  • According to IIFL Alternate Desk, Nykaa, Coromandel International, and One97 Communications (Paytm) will likely be added to the MSCI India Index in the upcoming review on May 14. These potential inclusions could draw combined inflows of over $770 million (approx. Rs 6,400 crore).

  • APL Apollo Tubes is rising as its net profit surges 72% YoY to Rs 293.1 crore in Q4FY25, helped by inventory destocking. Revenue increases 15.6% YoY to Rs 5,508.6 crore during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • CLSA upgrades MRF to an 'Outperform' rating and raises the target price to Rs 1,68,426 per share. The brokerage expects the company's margins to expand in the coming months, driven by lower domestic natural rubber prices. It projects the firm’s revenue to grow at a CAGR of 9% over FY25–27.

  • Niva Bupa Health Insurance surges almost 10% as its Q4FY25 net profit grows 31.2% YoY to Rs 206.1 crore, helped by lower employee benefits and advertisement & publicity expenses. Revenue rises 18.6% YoY to Rs 1,564.7 crore, led by improvements in premiums from the health, personal accident and travel insurance segments. It features in a screener of stocks with high trailing twelve month (TTM) earnings per share (EPS) growth.

  • India signs a free trade agreement (FTA) with the UK, aiming to double bilateral trade by 2030. India retains duties on sensitive goods like diamonds, silver, smartphones, and optical fibres, while offering limited concessions on petrol, diesel, and EVs. Tariffs on auto and whiskey imports will drop significantly, benefiting Indian auto component makers and consumers.

  • Aadhar Housing Finance's revenue grows 20.4% YoY to Rs 832.6 crore in Q4FY25, helped by improvements in interest and fees & commission income. Net profit rises 21.3% YoY to Rs 244.8 crore during the quarter. The company appears in a screener of stocks with improving cash flow for the past two years.

  • Nomura downgrades Bank of Baroda to a ‘Neutral’ rating from ‘Buy’ and lowers the target price to Rs 235 per share. The brokerage expects the company’s net interest margins (NIMs) to stay weak in FY26, in line with FY25 levels. It also lowers its EPS estimates for FY26 and FY27 by 8% and 10%, citing lower net interest income (NII).

  • Blue Star is falling as its Q4FY25 net profit misses Forecaster estimates by 8.5% despite growing 21.2% YoY to Rs 193.6 crore. Revenue increases 20.8% YoY to Rs 4,019 crore, driven by higher sales from the commercial air conditioning systems and unitary products segments during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • S&P Global warns that rising tensions between India and Pakistan could weaken both countries' credit metrics, with any escalation likely to pressure sovereign ratings. India holds a 'BBB-' rating with a positive outlook, while Pakistan is rated 'CCC+' with a stable outlook. S&P expects the current military flare-up to ease soon, followed by occasional minor clashes.

  • United Breweries' net profit grows 20.1% YoY to Rs 97.5 crore in Q4FY25. Revenue increases 7.9% YoY to Rs 2,330 crore, driven by premiumization and volume growth across Andhra Pradesh, Uttar Pradesh, Maharashtra & Assam. The firm appears in a screener of stocks where foreign institutional investors (FII) increased their stakes in Q4FY25.

  • Tata Chemicals is rising as its Q4FY25 net loss contracts to Rs 56 crore compared to Rs 850 crore in Q4FY24, helped by lower raw materials and power & fuel expenses. However, revenue declines 1.1% YoY to Rs 3,551 crore during the quarter. It appears in a screener of stocks with the lowest Trendlyne momentum scores.

  • Lupin launches eslicarbazepine acetate tablets in the US after receiving approval for its abbreviated new drug application (ANDA) from the US FDA. The tablet is used to treat seizures. According to IQVIA, the drug has annual sales of $395 million as of March 2025.

  • Private equity firm General Atlantic reportedly considers offloading around 6% of its stake in KFin Technologies via block deals. The sale will likely be priced at a 5-8% discount to the stock's closing price on May 7.

  • Symphony rises sharply as its net profit surges 64.6% YoY to Rs 79 crore in Q4FY25, helped by lower material costs. Revenue increases 47% YoY to Rs 488 crore, driven by higher sales from the air cooling and other appliances segment during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding over the past two months.

  • Coal India is rising as its Q4FY25 net profit grows 10.6% YoY to Rs 9,604 crore, helped by lower employee benefits expenses and inventory destocking. Revenue increases 5.3% YoY to Rs 41,761.8 crore, led by improvements in coal production and offtake. It features in a screener of under-the-radar stocks with good durability and valuations.

  • Voltas is rising as its net profit surges 1.1X YoY to Rs 241 crore in Q4FY25. Revenue increases 13.4% YoY to Rs 4,767.6 crore, driven by higher sales from the unitary cooling products and electro-mechanical projects & services segments during the quarter. The company appears in a screener of stocks with increasing revenue every quarter for the past two quarters.

  • Dabur India's Q4FY25 net profit declines 8.4% YoY to Rs 320.13 crore due to higher raw materials, finance and depreciation & amortisation expenses. However, revenue grows marginally by 0.9% YoY to Rs 2,971.3 crore, driven by an improvement in the consumer care business. It shows up in a screener of stocks with medium to low Trendlyne momentum scores.

  • Nifty 50 was trading at 24,404.65 (-9.8, 0.0%), BSE Sensex was trading at 80,870.22 (123.4, 0.2%) while the broader Nifty 500 was trading at 22,088.80 (16.4, 0.1%).

  • Market breadth is surging up. Of the 1,884 stocks traded today, 1,381 were on the uptick, and 461 were down.

Riding High:

Largecap and midcap gainers today include Coforge Ltd. (7,754.50, 2.0%), Schaeffler India Ltd. (3,692.70, 2.0%) and Canara Bank (95.37, 1.8%).

Downers:

Largecap and midcap losers today include Torrent Power Ltd. (1,420, -5.5%), Jubilant Foodworks Ltd. (671.85, -5.0%) and Godrej Properties Ltd. (2,030.30, -4.6%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Grindwell Norton Ltd. (1,771.30, 14.7%), KPR Mill Ltd. (1,188.85, 8.0%) and Concord Biotech Ltd. (1,484, 6.3%).

Top high volume losers on BSE were Sapphire Foods India Ltd. (299.80, -3.5%), Dabur India Ltd. (468.70, -2.8%) and Alkem Laboratories Ltd. (4,924.50, -2.2%).

Aegis Logistics Ltd. (798.45, 1.1%) was trading at 16.4 times of weekly average. Ingersoll-Rand (India) Ltd. (3,627.40, -0.8%) and Apar Industries Ltd. (6,031, 4.6%) were trading with volumes 10.2 and 8.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

9 stocks overperformed with 52 week highs, while 5 stocks hit their 52 week lows.

Stocks touching their year highs included - Ceat Ltd. (3,674, 1.2%), Coromandel International Ltd. (2,278.60, -1.5%) and ICICI Bank Ltd. (1,435.50, 0.0%).

Stocks making new 52 weeks lows included - Syngene International Ltd. (610.70, -1.7%) and Vedant Fashions Ltd. (723.05, -2.5%).

12 stocks climbed above their 200 day SMA including Crisil Ltd. (5,010.30, 6.6%) and Intellect Design Arena Ltd. (842.80, 3.5%). 19 stocks slipped below their 200 SMA including Devyani International Ltd. (172.61, -5.7%) and Adani Energy Solutions Ltd. (839, -3.7%).

 
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The Baseline
07 May 2025
By Omkar Chitnis

A richer, more urban and brand-conscious consumer is rapidly changing the Indian market.

Over the past decade, India’s private consumption has nearly doubled, rising from $1 trillion in 2013 to $2.1 trillion in 2024. This surge in spending is fueling demand across key sectors such as automotive, FMCG, and metals. The shift is happening in the backdrop of a weak global economy, where political upheaval, tariffs and falling profits have forced Indian companies to refocus on the domestic market. 

In response, Indian companies are ramping up investments to strengthen their domestic footprint. Government initiatives like ‘Vocal for Local’ have accelerated this shift, encouraging production within India, and boosting local manufacturing.

Dr. Rumki Majumdar, Economist at Deloitte India, notes, “Domestic consumption will remain the cornerstone of India’s economic growth, with both rural and urban demand playing key roles. Improved agricultural incomes, subsidies, government employment initiatives, and services sector growth will support consumption spending.”

This shift is pushing companies to adjust their capacity and investments toward the domestic market, rather than exports. 

In this edition of the Chart of the Week, we analyze major Indian companies that shifted their focus from international markets to domestic between FY15 and FY25.

A growing middle class, higher disposable income, and PLI schemes have boosted domestic automobile sales for Bajaj Auto, Mahindra & Mahindra, and Tata Motors, helping them expand their market share within India.

Government initiatives like Make in India and PM Gati Shakti have nudged manufacturing companies such as Tata Steel, JSW Steel, and Hindalco Industries into increasing domestic production, by shielding them from anti-dumping duties.

Rising rural consumption and growing purchasing power have also led FMCG companies Dabur, Marico, and Tata Consumer Products to strengthen their domestic supply chains and product offerings. The growth in these sectors has attracted over $709.8 billion in foreign direct investment between April 2014 and March 2024.

Richer, urban Indians are buying more vehicles, boosting domestic auto sales growth

India’s automobile sector, valued at $122.5 billion in FY24, ranks fourth globally, up from $74 billion in FY15. It has grown at a 6.4% CAGR and contributes 7.1% to GDP.

Two-wheelers lead with a 75.3% market share, followed by passenger vehicles at 17.6% of total automobile sales. Rising incomes, urbanization, growing EV demand, and government initiatives are driving automobile sector growth.

Bajaj Auto, the fourth-largest two-wheeler manufacturer by market share, operates in 70 countries. In FY25, international revenue dropped by 13.2 percentage points over the past decade to 33%, while domestic revenue rose by 13 percentage points to 67%. Impacted by import restrictions, weaker margins, and currency fluctuations. Opportunities in the Indian market also made Bajaj turn towards the domestic market. 

To strengthen its position in the domestic market, Bajaj Auto launched electric scooters and motorcycles priced under Rs 1.1 lakh for rural and semi-urban areas. It also entered the premium segment with Triumph Motorcycles and expanded its touchpoints to 4,000 locations. Strong growth in domestic demand drove revenue to a 7.6% CAGR from Rs 22,198 crore in FY15 to Rs 46,306 crore in FY24. This growth boosted Bajaj Auto’s share price by 285.9% over the same period.

Bajaj Auto’s domestic EV business is ramping up fast. Rajiv Bajaj, Managing Director of Bajaj Auto, said, “With the rapid launch of new products in the coming months, we aim to achieve an annual sales rate of half a million electric vehicles by the end of FY26. Our expanded portfolio, including the new Chetak electric scooters and electric three-wheelers, will play a key role here.”

Mahindra & Mahindra generates 72.5% of its revenue from the automotive segment. Over the past decade, the company reduced its reliance on international markets due to legal disputes, operational issues, and weak profitability across its U.S. electric two-wheeler business, South Korean EV business, and in Bangladesh. Instead, M&M increased its focus on the domestic market, raising its revenue share from 68% in FY15 to 89% in FY25.

M&M expanded its domestic product lineup by introducing new SUV models, including the Thar, XUV700, and Scorpio. This expansion drove its Sport Utility Vehicle (SUV) market share to 22.5% in FY25, and profit grew fourfold from Rs 3,137.5 crore in FY15 to Rs 12,929.1 crore in FY25.

Policy support fuels surge in construction and manufacturing sectors

The steel industry dominates India’s metal sector, contributing 53% of total production. Output grew from 90 million tonnes in 2015 to 150 million tonnes (MT) by 2025. Sectors such as construction, automotive, and defense are driving consumption. Initiatives, including PM Gati Shakti and National Steel Policy, are reducing India's reliance on steel imports by enhancing logistics and increasing domestic production.

Tata Steel, JSW Steel, Hindalco Industries, and Jindal Steel & Power are expanding domestic capacities to capitalize on this growth.

Tata Steel, one of India’s largest steel producers, increased its focus on domestic operations, raising its domestic revenue share from 32% in FY15 to 75% in FY25. The company reduced its dependence on international markets, in the UK and the Netherlands, due to high energy costs, competition from cheap imports, and strict regulations at its plants.

JSW Steel also reduced its international exposure from 17% of total revenue in FY15 to 8% in FY25 due to mounting losses at its U.S. and Italy plants caused by high costs and labor issues. These challenges led to a 30% drop in exports in FY19, leading the company to shift its focus towards the domestic market. To support domestic growth and capacity targets, Jayant Acharya, Joint MD & CEO of JSW Steel, said,“For FY26, we are targeting 15 million tonnes of production from our Karnataka mines. Our new mining projects in Goa and Odisha will further boost our growth trajectory.” The companyaims to reach 50 million tonnes per annum (MTPA) production capacity by FY31, up from 28 MTPA.

Shifting consumer habits drive growth in India’s FMCG sector

The Indian FMCG market is valued at $245.39 billion in 2024 and is expected to grow at a CAGR of 27.9% by 2030. Rising disposable incomes, urbanization, and the expansion of e-commerce and Government initiatives, along with tax reductions, are driving the growth and supporting local manufacturing. 

Shifting consumer preferences for premium, health-conscious, and sustainable products are driving growth for FMCG companies, including  Tata Consumer, Godrej Consumer Products, Dabur, Hindustan Unilever, and Marico. This focus on quality and wellness is improving sales and market share.

Tata Consumer Products (TCPL), which operates in 40 countries, increased its domestic revenue share from 38% in FY15 to 74% in FY25 by reducing its international presence.  The company restructured its operations in  Russia, China, and Sri Lanka due to intense competition and weak margins.

In India, TCPL expanded its portfolio beyond tea and beverages into food products such as snacks, pulses, spices, and packaged foods. The company acquired and integrated its brands in the food and wellness sectors, growing its retail outlets' reach to 4 million in FY25. These initiatives doubled revenue in the past 10 years, and EBITDA margins increased from 10.4% to 15%.

Building on this momentum, Sunil D'Souza, MD & CEO of Tata Consumer Products, said, “We are targeting double-digit revenue growth across all businesses in FY26, with a focus on improving margins through price adjustments and the normalization of tea prices.”

Dabur, operating in over 120 countries, faced regulatory scrutiny and tighter import screening in the UK, and currency volatility, particularly in Egypt and North Africa, impacted its international business, squeezing profitability and revenue growth. 

Over time, the company shifted its focus from international revenue to the Indian market, capitalizing on the rising demand for natural, herbal, and Ayurvedic products, particularly in oral care and honey. Dabur expanded its reach to 122,000 rural areas and grew its product offerings from 1000 to 2000 Stock Keeping Units (SKUs) between FY15 and FY25.

 
Trendlyne Marketwatch
Trendlyne Marketwatch
07 May 2025
Market closes flat, Lloyds Engineering Works' Q4 net profit declines 13.4% YoY to Rs 18.3 crore
By Trendlyne Analysis

Nifty 50 closed at 24,414.40 (34.8, 0.1%), BSE Sensex closed at 80,746.78 (105.7, 0.1%) while the broader Nifty 500 closed at 22,072.45 (115.9, 0.5%). Market breadth is in the green. Of the 2,396 stocks traded today, 1,433 were gainers and 919 were losers.

Indian indices end flat amid high volatility after the Indian military's Operation Sindoor targeted nine terror camps in Pakistan. The Indian volatility index, Nifty VIX, rose 0.3% and closed at 19.1 points. MRF closed 4% higher as its net profit grew 29.3% YoY to Rs 512.1 crore in Q4FY25, helped by inventory destocking and lower employee benefit expenses.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. Nifty Midcap Liquid 15 and Nifty Midcap Select Indices were among the top index gainers today. According to Trendlyne’s sector dashboard, Textiles Apparels & Accessories emerged as the best-performing sector of the day, with a rise of 2.7%.

Asian indices closed in the green, except for China’s FTSE China 50 and Japan's Nikkei 225, which closed lower. European indices are trading mixed. US index futures are trading higher, indicating a positive start to the trading session as investors await a US-China trade meeting and focus on the upcoming Federal Reserve's interest rate decision. Brent crude futures are trading higher after rising 3.2% on Tuesday.

  • Relative strength index (RSI) indicates that stocks like Ceat, RR Kabel, MRF and Chambal Fertilisers & Chemicals are in the overbought zone.

  • Lloyds Engineering Works' Q4FY25 net profit declines 13.4% YoY to Rs 18.3 crore due to higher raw materials, employee benefits, manufacturing, and finance costs. However, revenue grows 25.1% YoY to Rs 238.7 crore during the quarter. It shows up in a screener of stocks where promoters are increasing pledged shares QoQ.

  • Gensol Engineering hits its 5% lower circuit as the Securities Appellate Tribunal rejects the company's appeal against the SEBI order issued on April 15, denying any relief.

  • MRF rises sharply as its net profit grows 29.3% YoY to Rs 512.1 crore in Q4FY25, helped by inventory destocking and lower employee benefit expenses. Revenue increases 11.4% YoY to Rs 7,074.8 crore during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding over the past two months.

  • Bengaluru-based EV startup Simple Energy plans to launch a $350 million (around Rs 3,000 crore) IPO by FY27 to support its expansion and R&D initiatives. Ahead of the IPO, the company targets cumulative sales of 1 lakh electric vehicles and aims to capture a 5% share of the two-wheeler EV market.

  • Gujarat Mineral Development Corp signs a long-term supply agreement (LSA) with City Gold Pipes to supply 150 million tons (MT) of limestone for 40 years from its Lakhpat mine in Gujarat.

  • NLC India rises as its subsidiary, NLC India Renewables, signs a power purchase agreement (PPA) with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) for an 810 MW solar power project. The project is expected to generate about 2 billion units of green electricity annually.

  • Geojit BNP Paribas downgrades LTIMindtree to a 'Hold' call from 'Buy' with a lower target price of Rs 4,960 per share. This indicates a potential upside of 8.4%. The brokerage believes that while AI-driven technology transformation and operational efficiencies support future scalability, challenges such as delayed ramp-up and deferral of deals, as well as a ramp-down in the healthcare vertical, will affect revenue growth. It expects the company's revenue to grow at a CAGR of 8.3% over FY25-27.

  • Gandharv Tongia, Executive Director & CFO of Polycab India, expects margins to stay within the 11–13% range. He anticipates both the cables & wires and fast-moving electrical goods (FMEG) segments will outpace industry growth. Tongia adds that the current cables & wires market is robust enough to accommodate new entrants like Birla and Adani.

  • Aster DM Healthcare is rising as it signs a lease agreement to set up a new multi-specialty hospital in Bengaluru. The facility will have around 430 beds, with an estimated investment of Rs 430 crore.

  • Welspun Corp secures an export order for coated pipes and bends, along with additional domestic orders worth Rs 1,950 crore. The orders will be executed in FY26 and FY27.

  • Godrej Consumer Products is falling as its Q4FY25 net profit misses Forecaster estimates by 16.1% despite posting a net profit of Rs 411.9 crore compared to a net loss of Rs 1,893.2 crore. Revenue grows 6.4% YoY to Rs 3,671.6 crore, helped by improvements in the Indian, Indonesian, and African markets. It shows up in a screener of stocks with high promoter pledges.

  • HSBC downgrades Avenue Supermarts (DMart) to 'Reduce' and cuts its target price to Rs 3,500. The brokerage highlights that EBITDA missed consensus estimates by 7% in Q4FY25 amid rising competition. It notes that margins in mature metro markets remain soft and lowers its FY26 and FY27 EPS estimates by 19% and 21%, respectively.

  • Gokaldas Exports and Arvind rises around 15% as India signs a free trade agreement (FTA) with the United Kingdom. The deal eliminates the 8–12% UK import duty on textiles and garments from India, making these exports more competitive than those from Bangladesh and Vietnam.

  • Tata Motors rises sharply as shareholders approve its plan to split into two listed entities. The move will separate its passenger vehicle (PV) business, including Jaguar Land Rover (JLR), from its commercial vehicle (CV) arm focused on trucks and buses.

  • Mahanagar Gas is rising as its Q4FY25 net profit beats Forecaster estimates by 5% despite declining 2.1% YoY to Rs 247 crore due to higher raw materials, excise duty, employee benefits, and depreciation & amortisation expenses. Revenue grows 21.1% YoY to Rs 2,006.4 crore, driven by higher piped natural gas (PNG) sales. It features in a screener of stocks with the highest foreign institutional investor (FII) holdings.

  • Adani Power wins a 25-year contract from Uttar Pradesh Power Corporation (UPPCL) to supply 1,500 MW of electricity at Rs 5.4 per unit. The company will supply power from a new thermal plant to be developed within the state.

  • BSE rises sharply as its net profit surges 3.6X YoY to Rs 494.4 crore in Q4FY25. Revenue increases 68.3% YoY to Rs 917 crore, driven by growth in transaction charges and services to corporates during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Aarti Drugs' net profit grows 32.8% YoY to Rs 62.8 crore in Q4FY25. Revenue increases 9.2% YoY to Rs 678.6 crore, led by higher volumes from the active pharmaceutical ingredients (API) and formulation businesses. The firm shows up in a screener of stocks where foreign institutional investors (FIIs) increased stakes in Q4FY25.

  • Radico Khaitan's net profit grows 70% YoY to Rs 92 crore in Q4FY25. Revenue increases 20.7% YoY to Rs 1,305.4 crore, driven by strong demand for premium products and lower taxes on premium alcohol in Karnataka and Andhra Pradesh, which boosted volumes. The firm appears in a screener of stocks where mutual funds increased their stakes in Q4FY25.

  • Indian pharma stocks are falling after US President Donald Trump warns of possible sector-specific tariffs on pharmaceuticals within the next two weeks. However, the industry finds some reassurance that the US Department of Commerce will likely take several months to complete its review and submit a final report to the President.

  • Kansai Nerolac Paints is falling as its net profit declines 6.5% YoY to Rs 108.5 crore in Q4FY25. However, revenue increases 2.7% YoY to Rs 1,816.7 crore, driven by improvement in the decorative, paint+, construction chemicals, wood finishes, and projects segments during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Hindustan Petroleum Corp's Q4FY25 net profit grows 26.1% YoY to Rs 3,415.4 crore, driven by lower inventory and employee benefits expenses. However, revenue declines 4.3% YoY to Rs 1.1 lakh crore due to a reduction in the downstream petroleum segment. It appears in a screener of stocks with PEG lower than the industry PEG.

  • KEI Industries is rising as its net profit grows 34.5% YoY to Rs 226.6 crore in Q4FY25, aided by lower purchases of traded goods and reduced inventory levels. Revenue increases 25.7% YoY to Rs 2,914.8 crore, driven by an improvement in the cables and wires segment during the quarter. The company appears in a screener of stocks with improving ROE over the past two years

  • One97 Communications' Q4FY25 net loss contracts 1.8% YoY to Rs 539.8 crore, helped by lower payment processing, employee benefits, software, cloud & data centre, and depreciation & amortisation expenses. However, revenue declines 11% YoY to Rs 2,135.3 crore during the quarter. It shows up in a screener of stocks with low Piotroski scores.

  • Nifty 50 was trading at 24,365.90 (-13.7, -0.1%), BSE Sensex was trading at 80,377.91 (-263.2, -0.3%) while the broader Nifty 500 was trading at 21,987.15 (30.6, 0.1%).

  • Market breadth is in the red. Of the 1,976 stocks traded today, 748 were in the positive territory and 1,180 were negative.

Riding High:

Largecap and midcap gainers today include Samvardhana Motherson International Ltd. (142.46, 5.2%), Tata Motors Ltd. (680.30, 5.0%) and Bharat Forge Ltd. (1,140.90, 4.9%).

Downers:

Largecap and midcap losers today include Mazagon Dock Shipbuilders Ltd. (2,816.20, -5.3%), Adani Energy Solutions Ltd. (871.60, -4.0%) and Asian Paints Ltd. (2,334.10, -3.5%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Welspun Living Ltd. (134.98, 12.0%), KPR Mill Ltd. (1,107, 8.6%) and Endurance Technologies Ltd. (2,022.60, 8.1%).

Top high volume losers on BSE were Radico Khaitan Ltd. (2,445.90, -3.6%), Sapphire Foods India Ltd. (306, -2.8%) and Craftsman Automation Ltd. (4,648.70, -2.4%).

Vardhman Textiles Ltd. (474, 5%) was trading at 14.2 times of weekly average. Piramal Enterprises Ltd. (1,034.60, 7.5%) and Housing and Urban Development Corporation Ltd. (214.21, -1.7%) were trading with volumes 10.4 and 5.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

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

Stocks touching their year highs included - Bharti Airtel Ltd. (1,896.80, -0.2%), Ceat Ltd. (3,631.80, 1.6%) and Marico Ltd. (736.35, 2.3%).

Stocks making new 52 weeks lows included - Hatsun Agro Products Ltd. (890, 2.4%) and Vedant Fashions Ltd. (740, 0.5%).

13 stocks climbed above their 200 day SMA including CCL Products India Ltd. (772.60, 11.3%) and Piramal Enterprises Ltd. (1,034.60, 7.5%). 27 stocks slipped below their 200 SMA including Adani Energy Solutions Ltd. (871.60, -4.0%) and Suven Pharmaceuticals Ltd. (1,088.80, -2.8%).

 
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The Baseline
06 May 2025
Five stocks to buy from analysts this week - May 06, 2025
By Omkar Chitnis

1. IDFC First Bank:

BOB Capital Markets maintains a ‘Buy’ rating on this bank with a higher target price of Rs 79, an upside of 20.6%. In Q4FY25, the bank’s net interest margins (NIMs) dropped 58 basis points YoY to 6%, because of a decline in its microfinance (MFI) loan portfolio by 28%. MFI loans now make up just 4% of the bank’s total loan book, compared to 6.6% a year ago. The company's management also expects a slight impact on NIMs in FY26 due to possible interest rate cuts.

On April 17, IDFC Bank approved a preferential equity capital raise of Rs 7,500 crore by issuing compulsorily convertible preference shares (CCPS) at Rs 60 per share. Analysts Niraj Jalan and Vijiya Rao believe this will boost the bank’s core capital ratio (which shows how well a bank can absorb losses) to 16.5%, up from 13.2% as of March 2025. This added capital is expected to support future growth and improve cost efficiency.

Jalan and Rao believe that improved operating efficiency and asset quality will lift the return on assets (RoA) to 0.9–1.3% by FY26–27, from 0.5% in FY25.

2. Eternal (Zomato):

Emkay Global initiates a ‘Buy’ rating on this food delivery company with a target price of Rs 290, indicating a potential upside of 24.6% %. In Q4FY25, the company’s revenue rose 63.8% YoY to Rs 58,330 crore, owing to improvements in its quick commerce (QC) and Hyperpure segments.

Eternal's QC unit Blinkit's Gross Order Value (GOV) grew 20% QoQ. However, Blinkit’s EBITDA margin dropped by 60 bps to -1.9% QoQ in Q4, driven by higher costs from new store openings and customer acquisition.

Analysts highlight that management is prioritizing market share and growth over immediate profits due to heightened competition. Quick Commerce has become crowded with both new startups and established players like BigBasket fighting for market share. They expect the stock price to remain range-bound in the near term due to increased competitive intensity in QC and planned investments in the going-out (dining out, events, and ticketing) business.

Analysts note that in Q4, the company added 294 dark stores, bringing its total to 1,301. They highlight that management plans to open 2,000 dark stores by December 2025, and maintain an EBITDA margin of 4–5% of GOV in quick commerce. Analysts also project Eternal’s EBITDA margin to improve to 7.5% by FY27, up from 3.1% in FY25.

3. Dalmia Bharat:

Sharekhan retains its ‘Buy’ rating on this cement manufacturer with a target price of Rs 2,300, indicating an upside potential of 17.8%. The company’s Q4FY25 revenue fell 5% YoY to Rs 4,091 crore due to lower cement volumes. But net profit rose 38% to Rs 435 crore, helped by reduced fuel costs and a higher share of renewable energy.

The company’s management aims to reduce the cost of cement manufacturing to an EBITDA/ tonne of Rs 150–200 over the next two years, down from the current Rs 820. They plan to achieve half of this target by FY26 through lower input costs and a doubling of renewable power capacity to 595 MW. Analysts are optimistic that the company will balance volume growth and profitability once it reduces manufacturing costs.

In FY25, Dalmia Bharat expanded its cement capacity by 2.9 metric tonnes (mt), bringing the total to 49.5 mt. It plans to invest Rs 3,520 crore to establish a clinker unit (partially processed cement unit) and a 6 mt grinding unit in Karnataka and Maharashtra. Analysts expect cement volumes to grow 7–8% in FY26, driven by increased government infrastructure spending. They also expect the company to receive Rs 400 crore in subsidies for setting up cement plants in Northeast India.

4. Bandhan Bank:

Anand Rathi reiterates its ‘Buy’ rating on this bank with a target price of Rs 207, indicating an upside of 31.5%. In Q4FY25, Bandhan Bank's slippages (bad loans) were up 8% QoQ to Rs 1,750 crore, or 5.5% of its total loans. Analysts Yuvraj Choudhary, Kaitav Shah and Subhanshi Rathi expect slippages to stay high for a few more quarters but ease later, as most of the older loans have already been recognised and new loan stress is limited. 

The bank has been dealing with stress in its emerging enterprises banking (EEB) loan book (loans to small and growing businesses) for the past 17 quarters. However, the analysts believe future stress will likely be lower than the industry average. In Q4, the bank’s collection efficiency in the EEB book was 97.8%, slightly up from 97.4% in Q3. Choudhary, Shah, and Rathi expect gross NPAs to drop below 4% by FY26, from 4.7% during the quarter.

5. Ambuja Cement:

Axis Direct initiates a ‘Buy’ rating on this cement manufacturer with a target price of Rs 655, indicating an upside potential of 22.4%. Analysts Uttam Srimal and Shikha Doshi note that the company is targeting a cement capacity of 140 MTPA by FY28, up from its current capacity of 100 MTPA. They expect volume and revenue to grow at a CAGR of 11% and 10%, respectively, over FY25–FY27.

Shrimal and Doshi write that the company has reduced costs by Rs 150 per tonne through operational improvements. They highlight that the management aims to achieve additional savings of Rs 300–350 per tonne by FY28 by lowering logistics costs, increasing the use of renewable energy, and expanding the share of blended cement.

Management is aiming to optimize cost savings and increase operational efficiency by consolidating their acquired assets—Penna, Sanghi, and Orient Cements—across the companies. Analysts expect that synergies between the companies will improve EBITDA margins to 21% by FY27, up from 17% in FY25.

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

(You can find all analyst picks here)

 
Trendlyne Marketwatch
Trendlyne Marketwatch
06 May 2025
Market closes lower, Polycab's Q4 net profit beat Forecaster estimates by 17.8%
By Trendlyne Analysis

Nifty 50 closed at 24,379.60 (-81.6, -0.3%), BSE Sensex closed at 80,641.07 (-155.8, -0.2%) while the broader Nifty 500 closed at 21,956.60 (-238.6, -1.1%). Market breadth is moving down. Of the 2,427 stocks traded today, 382 were gainers and 2,013 were losers.

Indian indices closed in the red after extending losses from the afternoon session. The Indian volatility index, Nifty VIX, rose 3.6% and closed at 19 points. Ather Energy's shares made their debut on the bourses at a 2.2% premium to the issue price of Rs 321. The Rs 2,980.8 crore IPO received bids for 1.4 times the total shares on offer. 

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red. Nifty PSU Bank and Nifty Consumer Durables closed lower. According to Trendlyne’s sector dashboard, Hardware Technology & Equipment emerged as the worst-performing sector of the day, with a fall of 3.9%.

European indices are trading mixed. Major Asian indices closed mixed. US index futures are trading lower, indicating a negative start to the session ahead of the Federal Reserve policy meeting, which begins later today. Meanwhile, DoorDash enters an agreement to acquire British rival Deliveroo for about $3.9 billion to expand its reach and take on competition.

  • Money flow index (MFI) indicates that stocks like RR Kabel, Atul, Reliance Industries, and SBI Life Insurance are in the overbought zone.

  • Polycab India rises sharply as its revenue grows 24.9% YoY to Rs 6,985.8 crore in Q4FY25, driven by strong performance in the wires & cables, FMEG, and EPC segments. Net profit increases 33.1% YoY to Rs 726.7 crore, beating Forecaster estimates by 17.8%. It shows up in a screener of stocks outperforming their industry price change in the quarter.

  • Sundaram-Clayton rises sharply as it posts a net profit of Rs 143.6 crore in Q4FY25, compared to a loss of Rs 47.3 crore in Q4FY24, helped by an exceptional gain of Rs 208 crore during the quarter. Revenue increases 5.8% YoY to Rs 586.9 crore. The company features in a screener of stocks with zero promoter pledges.

  • Senores Pharmaceuticals acquires the US FDA-approved abbreviated new drug application (ANDA) for Topiramate tablets from Wockhardt. These tablets are used to treat migraines. According to IQVIA, the drug had a market size of $111.4 million in 2024.

  • Challa Srishant, Managing Director of CCL Products, projects a 10–20% increase in volumes for FY25 and targets 40% growth in the domestic business by FY26. The company looks to expand its global market share to 10% from the current 7%. Srishant expects EBITDA/kg to remain steady at around Rs 120/kg and is confident in the company’s ability to meet volume targets despite rising coffee prices and shorter contract cycles.

  • KR Choksey downgrades Cholamandalam Investment & Finance to an 'Accumulate' call from 'Buy', with a lower target price of Rs 1,627 per share. This indicates a potential upside of 5.4%. The brokerage is cautious on the stock as it expects elevated credit costs in newer segments to persist for the next two quarters before gradual normalization. It expects the firm's net interest income (NII) to grow at a CAGR of 22.2% over FY25-27.

  • Ircon International secures a Rs 187 crore order from Kerala State IT Infrastructure (KSITIL) to construct a rural industrial park in Thiruvananthapuram.

  • Jammu & Kashmir Bank is falling as its net profit declines 8.5% YoY to Rs 584.5 crore due to lower write-backs from provisions in Q4FY25. Revenue increases 10.4% YoY to Rs 3,211.9 crore, driven by improvements in the treasury, wholesale, and retail banking segments during the quarter. The bank's asset quality improves as its gross NPAs contract by 71 bps YoY.

  • India’s manufacturing PMI rises marginally to 58.2 in April, up from 58.1 in March, driven by a modest growth in exports and continued expansion in production, employment, and purchases.

  • Computer Age Management Services (CAMS) falls sharply as its Q4FY25 net profit declines 7.7% QoQ to Rs 114 crore due to higher depreciation & amortisation expenses. Revenue drops 3.9% QoQ to Rs 369.6 crore during the quarter. It appears in a screener of stocks with growing costs YoY for long term projects.

  • Aurobindo Pharma and Sun Pharma fall up to 3% after US President Donald Trump signs an executive order to boost drug manufacturing in the US. Aurobindo Pharma and Dr. Reddy's Laboratories make 48% and 47% of their total revenue from the US market.

  • KPIT Technologies approves the acquisition of four Caresoft entities for $191 million (~Rs 1,613 crore). The deal, to be completed over three years, includes Caresoft’s engineering, benchmarking, and manufacturing solutions segments across key mobility industries.

  • India's Services PMI rises marginally to 58.7 in April, up from 58.5 in March, staying well above the 50-mark. New business volumes rose sharply, and international demand saw its fastest expansion since July 2024.

  • Cummins India falls as its parent company, Cummins Inc., suspends its full-year guidance amid tariff uncertainties. Cummins Inc. had earlier guided revenue growth of -2% to 3%.

  • Ather Energy's shares debut on the bourses at a 2.2% premium to the issue price of Rs 321. The Rs 2,980.8 crore IPO received bids for 1.4 times the total shares on offer.

  • DCM Shriram rises sharply as its net profit surges 51.8% YoY to Rs 178.9 crore in Q4FY25. Revenue increases 19.5% YoY to Rs 2,898 crore, driven by higher caustic soda volumes due to capacity expansion and domestic sugar prices. The firm appears in a screener of stocks where mutual funds increased their stakes in Q4FY25.

  • Shailesh Chandra, President of the Society of Indian Automobile Manufacturers (SIAM), expects the two-wheeler segment to maintain its current growth momentum in FY26, supported by several favourable factors. Manufacturers anticipate that sales will reach pre-pandemic peak levels this year, driven by lower EMIs due to interest rate cuts and increased disposable income from income tax reforms.

  • Ceigall secures a Rs 923 crore order from the National Highways Authority of India (NHAI) to construct a 6-lane Greenfield Southern Ludhiana Bypass highway in Punjab.

  • G R Infraprojects is rising as it receives an order worth Rs 1,257 crore from Bharat Sanchar Nigam Limited (BSNL) for the design and construction of Bharatnet's middle mile network in Kerala.

  • Indian Hotels is falling as its Q4FY25 net profit misses Forecaster estimates by 0.5% despite growing 25% YoY to Rs 522.3 crore. Revenue jumps 27.4% YoY to Rs 2,486.8 crore, helped by improvements in same-store performance and growth of new businesses. It shows up in a screener of stocks with growing costs YoY for long term projects.

  • Puneet Chhatwal, CEO of IHCL, anticipates 25–35% growth from the company's 'Re-imagine' business in FY26 and plans to sustain the current EBITDA margin of 35%. He notes strong occupancy trends in Delhi NCR and Mumbai, while Goa remains the only market where occupancy levels have not improved.

  • CCL Products India rises sharply as its net profit surges 56.2% YoY to Rs 101.9 crore, driven by inventory destocking and lower depreciation cost in Q4FY25. Revenue increases 15% YoY to Rs 835.9 crore during the quarter. The company appears in a screener of stocks with increasing revenue every quarter for the past two quarters.

  • YES Bank rises sharply as Japanese lender, Sumitomo Mitsui Banking Corp (SMBC), is reportedly in talks with State Bank of India to acquire a 51% stake in YES Bank. However, banking sources state that the Reserve Bank of India (RBI) has received no application from SMBC for the acquisition.

  • Patel Engineering is rising as it receives an order worth Rs 1,318.9 crore from the City and Industrial Development Corporation of Maharashtra (CIDCO) to construct the Kondhane Dam using Roller-Compacted Concrete (RCC) technology. The order includes construction of the dam, related civil works, installation of three radial gates, and other electrical and mechanical works.

  • Coforge's Q4FY25 net profit grows 21.2% QoQ to Rs 261.2 crore, driven by a deferred tax return of Rs 29.6 crore. Revenue jumps 1.9% QoQ to Rs 3,441.3 crore, helped by improvements in the Americas, Europe, Middle East & Africa (EMEA), Asia Pacific, and Indian markets. It features in a screener of stocks with rising net cash flow and cash from operating activities.

  • Nifty 50 was trading at 24,455.85 (-5.3, 0.0%), BSE Sensex was trading at 80,791 (-5.8, 0.0%) while the broader Nifty 500 was trading at 22,177.80 (-17.4, -0.1%).

  • Market breadth is in the red. Of the 1,919 stocks traded today, 758 were on the uptrend, and 1,109 went down.

Riding High:

Largecap and midcap gainers today include Hero MotoCorp Ltd. (3,872.60, 2.8%), Coromandel International Ltd. (2,284.10, 2.5%) and Max Healthcare Institute Ltd. (1,156, 2.2%).

Downers:

Largecap and midcap losers today include Bank of Baroda (223.91, -10.1%), Union Bank of India (118.22, -6.3%) and Bank of India (109.07, -6.3%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included CCL Products India Ltd. (694.45, 17.2%), Poly Medicure Ltd. (2,775, 7.1%) and Chambal Fertilisers & Chemicals Ltd. (726.65, 5.2%).

Top high volume losers on BSE were Bank of Baroda (223.91, -10.1%), Vedant Fashions Ltd. (735, -6.9%) and Indian Hotels Company Ltd. (753.25, -6.1%).

DCM Shriram Ltd. (1011.10, -0.6%) was trading at 53.8 times of weekly average. YES Bank Ltd. (17.93, 1.1%) and Kama Holdings Ltd. (2,624, 2.9%) were trading with volumes 8.7 and 8.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

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

Stocks touching their year highs included - Bharti Airtel Ltd. (1,901, 1.9%), Ceat Ltd. (3,575.90, 4.2%) and Chambal Fertilisers & Chemicals Ltd. (726.65, 5.2%).

Stock making new 52 weeks lows included - Vedant Fashions Ltd. (735, -6.9%).

14 stocks climbed above their 200 day SMA including CCL Products India Ltd. (694.45, 17.2%) and Kama Holdings Ltd. (2,624, 2.9%). 23 stocks slipped below their 200 SMA including Bank of Baroda (223.91, -10.1%) and Union Bank of India (118.22, -6.3%).

 
Trendlyne Marketwatch
Trendlyne Marketwatch
05 May 2025
Market closes higher, Netweb Tech's Q4FY25 net profit grows 41.8% QoQ to Rs 43 crore
By Trendlyne Analysis

Nifty 50 closed at 24,461.15 (114.5, 0.5%), BSE Sensex closed at 80,796.84 (294.9, 0.4%) while the broader Nifty 500 closed at 22,195.15 (189.2, 0.9%). Market breadth is overwhelmingly positive. Of the 2,449 stocks traded today, 1,655 were in the positive territory and 753 were negative.

Indian indices closed higher after extending gains in the morning session. The Indian volatility index, Nifty VIX, rose 0.4% and closed at 18.3 points. Mahindra & Mahindra closed 3.3% higher as its Q4FY25 net profit grew 19.6% YoY to Rs 3,295.2 crore, owing to inventory destocking. Revenue jumped 20.9% YoY to Rs 43,301 crore, driven by improvements across its manufacturing & services segments.

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

European indices are trading mixed. Major Asian indices closed in the green, except Australia’s S&P ASX 200 index, which closed 1% lower. US index futures are trading lower, indicating a cautious start to the session ahead of the Federal Reserve’s decisions on rate cuts later in the week. President Donald Trump said that some tariff deals may be signed as early as this week.

  • Dr. Reddy's Laboratories sees a short buildup in its May 29 futures series, with open interest increasing by 18.4% and a put-call ratio of 0.8.

  • Azad Engineering rises sharply as it signs a six-year supply deal worth Rs 452.5 crore with GE Vernova Power. The agreement covers delivery of precision airfoil components for nuclear, industrial, and thermal power projects globally.

  • Netweb Technologies surges more than 10% as its Q4FY25 net profit grows 41.8% QoQ to Rs 43 crore, owing to lower finance costs. Revenue jumps 24.3% QoQ to Rs 417.2 crore during the quarter. It features in a screener of stocks with consistent high returns over the past five years.

  • Archean Chemical Industries is rising as its revenue grows 21.7% YoY to Rs 345.6 crore in Q4FY25. However, net profit decreases 7% YoY to Rs 53.5 crore due to higher finance and materials costs during the quarter. The company appears in a screener of stocks with increasing revenue every quarter for the past three quarters.

  • Rajan Sethuraman, CEO of Latent View Analytics, projects revenue at 18-19% for FY26 but highlights the company’s target to achieve over 25% growth. He forecasts margins at 23-24% for the year. Sethuraman adds that GenAI contributed 8-9% to the revenue and expects it to double next year.

  • Mahindra & Mahindra rises sharply as its Q4FY25 net profit grows 19.6% YoY to Rs 3,295.2 crore owing to inventory destocking. Revenue jumps 20.9% YoY to Rs 43,301 crore, driven by improvements in the automotive, farm equipment, financial services, and industrial business & consumer services segments. It features in a screener of stocks with improving return on capital employed (RoCE) over the past two years.

  • Adani Ports and Special Economic Zone rises sharply as it handles 37.5 million metric tonnes (MMT) of cargo in April, driven by 21% YoY rise in containers and 8% in liquids & gas. Its logistics rail volume grows 17% YoY during the month.

  • RR Kabel surges almost 15% as its Q4FY25 net profit jumps 64% YoY to Rs 129.1 crore. Revenue grows 25.7% YoY to Rs 2,229.8 crore, led by improvements in the wires & cables and fast-moving electrical goods segments. The company's board of directors approves a capacity expansion of its wires & cables plant in Gujarat by 36,000 metric tonnes (MT), with a capex of Rs 1,050 crore.

  • Biocon is rising sharply as its arm, Biocon Biologics, secures multiple market access agreements for Yesintek in the US. Yesintek gets approval for the treatment of Crohn’s disease, ulcerative colitis, plaque psoriasis, and psoriatic arthritis.

  • Apollo Micro Systems rises sharply as its subsidiary, Apollo Defence Industries (ADIPL), acquires a 100% stake in IDL Explosives for a total cash consideration of Rs 107 crore. The acquisition strengthens the company’s capacity to meet the growing domestic demand for defence explosives across artillery, missile, and other high-impact segments.

  • Eicher Motors reappoints Siddhartha Lal as Executive Chairman and B Govindarajan as Managing Director (MD) for five years, effective February 13, 2025.

  • Marico is rising as its net profit grows 7.9% YoY to Rs 343 crore in Q4FY25. Revenue increases 19.8% YoY to Rs 2,730 crore, driven by growth in the Indian and international businesses during the quarter during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Emkay initiates coverage on ABB India with an ‘Add’ rating and a target price of Rs 6,100. The brokerage notes strong growth in new-age segments like data centres, electrification, railways and PLI-led capex. It also gives a ‘Buy’ rating on CG Power, citing strong execution and growth visibility.

  • Ircon International rises sharply as it secures a Rs 458.1 crore civil works contract from North Eastern Electric Power Corp (NEEPCO) for the Tato-I Hydro Electric project in Arunachal Pradesh. The project includes major infrastructure like tunnels, surge shafts, and a powerhouse and will be completed in 45 months.

  • Gravita India rises sharply as its net profit surges 37.9% YoY to Rs 95.1 crore in Q4FY25. Revenue increases 20.1% YoY to Rs 1,037.1 crore, driven by higher sales from the lead and aluminium segments during the quarter. The company appears in a screener of stocks with increasing revenue every quarter for the past four quarters.

  • Avenue Supermarts (DMart) is falling as its Q4FY25 net profit declines 2.2% YoY to Rs 550.9 crore due to higher raw materials, employee benefits and finance costs. However, revenue grows 16.9% YoY to Rs 14,896.9 crore owing to new store additions. It shows up in a screener of stocks where relative strength index (RSI) indicates price weakness.

  • Retail sales for the automotive industry increase 3% YoY to 22.9 lakh units in April, shows data from the Federation of Automotive Dealers' Association. Two-wheeler retail sales are up 2.3% YoY, while commercial vehicles decline by 1.1% YoY.

  • CDSL is falling as its net profit declines 22.5% YoY to Rs 100.3 crore in Q4FY25. Revenue decreases 4.3% YoY to Rs 255.7 crore due to the decline in new demat accounts. The company appears in a screener of stocks outperforming their industry in terms of price change for the quarter.

  • AU Small Finance is falling as 92.3 lakh shares (1.4% stake) worth approximately Rs 600 crore reportedly change hands in a block deal at a floor price of Rs 650 per share. Private equity firms True North, Indium IV (Mauritius), and Silver Leaf Oak are likely the sellers in the transaction.

  • Tata Motors reportedly resumes Jaguar Land Rover (JLR) vehicle exports from Britain to the US after pausing in April due to tariffs. JLR accounts for 69% of Tata Motors' total revenue.

  • Bharti Airtel terminates discussions with the Tata Group for a potential merger of their DTH (Direct-To-Home) businesses after failing to reach a satisfactory resolution.

  • Kotak Mahindra Bank falls sharply as its Q4FY25 net profit declines 14.1% YoY to Rs 3,551.7 crore due to higher provisions, employee benefits, and interest expenses. However, revenue grows 9.3% YoY to Rs 16,712.2 crore, driven by improvements in the corporate and retail banking segments. The bank's asset quality worsens as its gross NPA grows 3 bps YoY.

  • City Union Bank is rising as its net profit grows 13% YoY to Rs 288 crore in Q4FY25. Revenue increases 11.5% YoY to Rs 1,532.7 crore, driven by improvements in the wholesale and retail banking segments during the quarter. The bank's asset quality improves as its gross and net NPAs contract by 90 bps and 72 bps YoY, respectively.

  • Indian Bank is rising as its Q4FY25 net profit grows 31.6% YoY to Rs 2,956.1 crore, helped by lower provisions. Revenue increases 10.1% YoY to Rs 18,599.2 crore, helped by improvements in the treasury operations, corporate and retail banking segments. The bank's asset quality improves as its gross and net NPAs decline YoY by 86 bps and 24 bps, respectively.

  • State Bank of India is falling as its net profit declines 9.9% YoY to Rs 18,642.6 crore in Q4FY25. However, revenue increases 7.8% YoY to Rs 1,19,666.2 crore, driven by improvements in the treasury, wholesale, and retail banking segments during the quarter. The bank's asset quality improves as its gross and net NPAs contract by 42 bps and 10 bps YoY, respectively.

  • Nifty 50 was trading at 24,436.90 (90.2, 0.4%), BSE Sensex was trading at 80,661.62 (159.6, 0.2%) while the broader Nifty 500 was trading at 22,081 (75, 0.3%).

  • Market breadth is neutral. Of the 1,972 stocks traded today, 990 were on the uptrend, and 915 went down.

Riding High:

Largecap and midcap gainers today include Adani Total Gas Ltd. (665.55, 11.0%), Adani Enterprises Ltd. (2,455.50, 7.0%) and Indraprastha Gas Ltd. (206.34, 7.0%).

Downers:

Largecap and midcap losers today include Kotak Mahindra Bank Ltd. (2,084.90, -4.6%), JSW Steel Ltd. (955.50, -1.8%) and Oil And Natural Gas Corporation Ltd. (239.20, -1.7%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included R R Kabel Ltd. (1,175.80, 14.9%), Adani Total Gas Ltd. (665.55, 11.0%) and Motilal Oswal Financial Services Ltd. (696.30, 9.4%).

Top high volume losers on BSE were Jindal Saw Ltd. (235.37, -4.1%), Aether Industries Ltd. (803.05, -2.6%) and LMW Ltd. (15,986, -0.7%).

Finolex Cables Ltd. (913.25, 6.5%) was trading at 20.7 times of weekly average. JBM Auto Ltd. (692.35, 7.5%) and Capri Global Capital Ltd. (169.35, 3.6%) were trading with volumes 15.5 and 8.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

4 stocks hit their 52 week highs,

Stocks touching their year highs included - ICICI Bank Ltd. (1,429.40, -0.2%), Navin Fluorine International Ltd. (4,640, 2.2%) and Godfrey Phillips India Ltd. (8,806.50, 5%).

22 stocks climbed above their 200 day SMA including Adani Ports & Special Economic Zone Ltd. (1,347.10, 6.3%) and Adani Power Ltd. (556.45, 6.0%). 9 stocks slipped below their 200 SMA including Atul Ltd. (6,900, -2.0%) and JSW Steel Ltd. (955.50, -1.8%).

 
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The Baseline
02 May 2025
Five Interesting Stocks Today - May 02, 2025
By Trendlyne Analysis

1. TVS Motor Company:

This two-wheeler manufacturer rose 1.6% on May 2 after reporting a 16% YoY increase in total sales for April 2025. The company sold 3.8 lakh vehicles during the month, driven by a 59% jump in electric vehicle (EV) sales. Exports grew 45%, while three-wheeler sales rose 50% YoY.

In Q4FY25, TVS Motor's electric scooter sales rose 55% YoY. The company’s revenue jumped 17.5%, supported by a 16% rise in volumes to 12.2 lakh units. Net profit saw an impressive spike of 75% during the quarter. Both revenue and net profit beat Trendlyne Forecaster estimates.

The company benefited from raw material costs coming down to about 69.3% of sales, compared to 72.8% in Q4FY24. It reported an EBITDA margin of 14% in Q4, which includes the full-year PLI benefit booked during the quarter. Export growth was strong in Latin America and Asia, while African markets were slower due to inflation and currency issues. TVS Motor’s overall market share increased by 160 bps YoY to 20.4%.

The company’s investments rose to around Rs 4,000 crore in FY25, up from Rs 2,450 crore in FY24. Of this, about Rs 500 crore went to TVS Credit Services, its non-banking finance subsidiary, which added over 40 lakh new customers during the year, taking the total to 1.9 crore. A significant portion also went to Norton, its premium motorcycle brand, where new product launches are expected by Q4FY26.

Regarding the demand outlook, CEO K N Radhakrishnan said that the company expects domestic two-wheeler demand in FY26 to remain steady, similar to FY25, driven by the ongoing need for vehicle replacements. He added, “A 50 bps cut in the repo rate, leading to lower EMIs, more wedding dates, and a normal monsoon will drive positive sentiment. May and June are expected to see a boost due to the wedding season.”

Post results, Anand Rathi has assigned a ‘Buy’ rating. The brokerage expects 7% CAGR in domestic 2W volumes from FY25-27, driven by rising EV adoption, replacement demand, and easy access to finance. They believe investments in TVS Credit Services, Norton, e-cycles, and TVS Digital will materialize over the next 1-2 years.

2. CEAT:

This tyre manufacturer surged 9.5% over the past week following the announcement of its annual result. In Q4, the company reported 14.4% YoY revenue growth, surpassing Forecaster estimates by 3%, driven by both volume and price increases. However, net profit came 8% lower compared to the same period last year and missed estimates by 12% due to elevated rubber prices.

CEAT gets the majority of its revenue from the replacement market, while 28% comes from OEMs and 19% from exports. Within its portfolio, tyres for trucks, buses, and two- and three-wheelers account for 60% of total revenue. CEO Arnab Banerjee expects falling crude prices to help offset the impact of high rubber costs and projects gross margins to improve to over 40%, up from 37.5% in Q4.

Banerjee also highlighted that rural demand outpaced urban by 4–5% in Q4, a trend he expects to continue in the current quarter. Over the long term, the company anticipates the domestic tyre industry to grow at a CAGR of 6–7%, while exports are projected to grow at 10–11%.

Integration of Camso, an off-road tyre and tracks company that CEAT acquired from Michelin in December last year, is on track for completion by Q2FY26. This move is likely to increase export revenue to 25%, up from the current 19%. Notably, about 30% of Camso’s exports to the US originate from Sri Lanka, which faces a 44% tariff. However, management notes that tyre tracks, which constitute nearly 50% of US-bound exports, attract only a 4% duty.

Motilal Oswal maintains a ‘Buy’ rating on the stock, viewing the replacement segment as the key growth driver. Analysts at Motilal believe that CEAT’s focus on 2W, passenger car and off-road tyre segments will boost margins and lower its dependence on the truck segment.

3. Maruti Suzuki India:

This car manufacturer fell 1.7% on April 25 following the announcement of its Q4FY25 results. Maruti Suzuki India’s net profit declined 1% YoY to Rs 3,911.1 crore, missing Forecaster estimates by 3.8%. The dip in profit was driven by higher discounts on small cars, increased marketing expenses, and costs related to the launch of its first electric vehicle, the e-Vitara SUV.

During the quarter, the operating margin contracted 210 bps to 8.7%. This was due to higher overheads, increased steel costs and start-up expenses for the new Kharkhoda plant, which began commercial production in March 2025. The Kharkhoda plant in Haryana adds 2.5 lakh units to Maruti's annual production capacity, bringing the total to 26 lakh units. The plant has the potential to scale annual capacity up to 10 lakh units.

Maruti Suzuki’s revenue grew 6.4% YoY to Rs 40,920.1 crore, aided by a 2.8% increase in domestic sales volume, totalling 5.2 lakh units. Segment-wise, the compact segment (Baleno, Swift, WagonR) grew 1.9% YoY, while the mini segment (Alto, S-Presso) declined 14.9% YoY. The mid-size segment (Ciaz) saw growth of 77.2% YoY.

Looking ahead, the company expects strong export momentum, targeting at least 20% YoY growth in exports for FY26, supported by demand in Latin America and Africa. Maruti Suzuki currently constitutes nearly 43% of India's total vehicle exports.

One of the key growth drivers for exports for FY26 is expected to be the e-Vitara. Rahul Bharti, Chief Investor Relations Officer, said, “We expect to do a volume of about 70,000 units annually of e-Vitara in FY26, and a large part of it will come from exports.” 

Commenting on the future market outlook, Senior Executive Officer of Marketing and Sales, Partho Banerjee, said, “The PV industry is expected to grow by around 1-2% and fundamentally, we are not expecting very high growth in the automotive industry.”

Post results, Motilal Oswal reiterated its ‘Buy’ rating, citing exports as a key growth driver. The brokerage expects the company’s export volumes to reach 7.5- 8 lakh units by FY31 and has given a target price of Rs 13,985.

4. Trent:

This department stores company declined by 4.8% after it announced its Q4FY25 & full year results on April 29. The company’s Q4FY25 net profit declined by 36% YoY to Rs 318.2 crore due to higher inventory & depreciation expenses. However, its revenue increased 27.2% YoY driven by strong performance in its fashion brand 'Zudio'. The stock appears in a screener for stocks which have given consistent high returns over 5 years.

The company beat the Trendlyne forecaster Q4FY25 revenue estimate by 4.1% and the net profit estimate by 7.3%. Driven by store optimization efforts that boosted EBITDA margins by 101 bps to 16% YoY, the company strategically grew its store network. They added a net of 10 Westside locations, reaching 248 in total, and significantly expanded their Zudio presence with 130 new stores, now totaling 765. This growth supports Trent’s strategy of deepening its reach in metro and Tier-1 cities while boosting performance in important micro markets.

Noel N Tata, Chairman of Trent, said, “Given business seasonality, real estate dynamics, and our inventory approach, full-year results better reflect performance across revenue, profitability, and expansion than any single quarter. Our fashion portfolio remains distinct through clear choices and discipline. In FY25, Zudio surpassed $1 billion in revenue. In the Star business, we’re leveraging Trent’s model, with own brands contributing over 70% of revenue. ”

Axis Securities has maintained a ‘Buy’ rating on Trent, citing the company’s strong revenue growth despite macroeconomic challenges. The brokerage highlights that the recent stock price correction presents an attractive entry point for long-term investors. With structural tailwinds in organized retail and significant room for market share expansion, Trent is well-positioned to capitalize on the sector’s long-term growth. However, it has revised its target price downward to Rs 6,650, factoring in increased competitive intensity.

5. Persistent Systems:

This IT consulting & software company has risen 5.2% over the past week after its Q4FY25 net profit grew 6.1% QoQ to Rs 395.8 crore. Revenue increased 5% QoQ to Rs 3,260.5 crore owing to improvements in the banking, financial services & insurance (BFSI), healthcare & life services, and software, hi-tech & emerging industries segments. The stock features in a screener of stocks with increasing revenue over the past eight quarters.

The company’s revenue and net profit beat Forecaster estimates by 0.8% and 0.3%, respectively. North American, Indian, and European business also improved on the back of client wallet expansion and deeper penetration across existing accounts. Its highest contributing segment, software, hi-tech & emerging industries (contributing 40.9% of revenue), improved during the quarter, thanks to increased traction in product engineering mandates, platform modernisation, and AI-led productivity initiatives. 

The total contract value (TCV) of the company grew 15.6% YoY to $ 517.5 million (~ Rs 4,361.7 crore) on the back of new bookings of $ 329 million (~ Rs 2,773 crore) during the quarter. However, the TCV declined 12.9% QoQ due to the quarter being seasonally weak. Additionally, the US Department of Government Efficiency (DOGE) and United States Agency for International Development (USAID) implemented cost rationalization initiatives, which impacted several provider and payer clients.

Speaking on the company’s aspirations, Sandeep Kalra, Executive Director and Chief Executive Officer, states, “We target to reach $2 billion in annual revenues by FY27, with a longer-term goal of $5 billion by FY31. We are confident in achieving these targets through strategies tailored to both organic growth and potential acquisitions.”

Post results, KR Choksey upgrades Persistent Systems to a ‘Hold’ rating from ‘Reduce’, with a target price of Rs 5,324 per share. The brokerage is confident in the stock due to its strong Q4FY25 execution, a healthy deal pipeline, and platform-led operating leverage. However, \macro risks like geopolitical uncertainty, tariff overhang, and an elongated deal cycle are rising across the industry. The brokerage expects the firm’s revenue to grow at a CAGR of 19.3% over FY25-27.

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