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Trendlyne Marketwatch
14 May 2025, 03:55PM
Market closes higher, HAL's Q4 revenue beats Forecaster estimates by 13.5%
By Trendlyne Analysis

Nifty 50 closed at 24,666.90 (88.6, 0.4%), BSE Sensex closed at 81,330.56 (182.3, 0.2%) while the broader Nifty 500 closed at 22,499.50 (150.1, 0.7%). Market breadth is ticking up strongly. Of the 2,430 stocks traded today, 1,813 were on the uptrend, and 566 went down.

Indian indices closed in the green, led by metal, realty & defence stocks. The Indian volatility index, Nifty VIX, declined 5.6% and closed at 17.2 points. MSCI added Coromandel International and Nykaa in its global standard index during its May 2025 review, with no exclusions. Meanwhile, India’s CPI and WPI inflation for April declined MoM to 3.2% and 0.9%, respectively.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the green, following the benchmark index. BSE Metal & Nifty Metal were among the top index gainers today. According to Trendlyne’s Sector dashboard, Metals & Mining emerged as the best-performing sector of the day, with a rise of 2.5%.

Asian indices closed higher, while European indices are trading in the red. US index futures traded lower, indicating a cautious start to the trading session. The annual inflation rate in the US declined to 2.3% in April, the lowest since February 2021, down from 2.4% in March and below the analyst expectations of 2.4%. Core consumer price inflation remained unchanged at 2.8%, marking a four-year low and matching market expectations.

  • Money flow index (MFI) indicates that stocks like RR Kabel, Ceat, Intellect Design Arena, and Schaeffler are in the overbought zone.

  • Berger Paints is rising as its Q4FY25 net profit grows 18% YoY to Rs 262.1 crore, driven by lower inventory and finance costs. Revenue jumps 7.3% YoY to Rs 2,721.1 crore, led by improvements in the decorative and industrial segments. It appears in a screener of stocks with high momentum scores.

  • Hindustan Aeronautics rises sharply as its Q4FY25 net profit beats Forecaster estimates by 86.1% despite declining 7.7% YoY to Rs 3,976.7 crore due to higher raw materials and depreciation & amortisation expenses. Revenue declines 6.4% YoY to Rs 14,351.4 crore during the quarter. It features in a screener of stocks with annual profit growth higher than sector profit growth.

  • Honeywell Automation India is rising as its Q4FY25 net profit beats Forecaster estimates by 4.5% despite falling 5.6% YoY to Rs 139.9 crore due to higher material costs and employee benefit expenses. However, revenue increases 17.2% YoY to Rs 1,114.5 crore during the quarter. The company appears in a screener of stocks with increasing revenue every quarter for the past four quarters.

  • SRF and Navin Fluorine decline after Chemplast Sanmar announces its entry into the R32 refrigerant gas segment. The company's MD, Ramkumar Shankar, unveils a greenfield investment of Rs 340 crore for setting up R32 production.

  • Max Financial Services rises sharply as it reports a net profit of Rs 31.3 crore in Q4FY25, compared to a loss of Rs 44 crore in Q4FY24, helped by a reduction in policyholders' insurance operations expenses. Revenue falls 16.8% YoY to Rs 12,396.1 crore, impacted by the life insurance segment. The company features in a screener of stocks with improving net cash flow over the past two years.

  • REC falls sharply as it cuts its assets under management (AUM) growth guidance to 11–13% for FY26, from the projected 15%–17%. The management expects net interest margins (NIM) to remain around 3.5-3.75% going forward.

  • Caplin Point Laboratories is rising as it receives final approval from the US FDA for its abbreviated new drug application (ANDA) for Haloperidol Decanoate injection. The drug is a generic therapeutic equivalent to Janssen Pharmaceuticals' HALDOL injection, used to treat schizophrenia. According to IQVIA, the drug has a market size of $16.4 million in the US as of March 2025.

  • India's wholesale price index (WPI) inflation declines to 0.9% in April as compared to 2.1% last month. This decline was primarily due to a moderation in food and primary articles prices, though manufactured products continued to exert some upward pressure.

  • Garden Reach Shipbuilders & Engineers surges as its Q4FY25 net profit jumps 118.9% YoY to Rs 244.2 crore, helped by inventory destocking, lower purchase of products, and sub-contracting expenses. Revenue grows 60.9% YoY to Rs 1,756 crore during the quarter. It appears in a screener of stocks with rising net cash flow and cash from operating activities.

  • KPI Green Energy rises sharply as its revenue grows 97.2% YoY to Rs 577.8 crore in Q4FY25, driven by higher power and solar power plant sales. Net profit surges 130.3% YoY to Rs 99.1 crore during the quarter. It shows up in a screener of stocks where mutual funds increased their shareholding over the past two months.

  • Dalmia Bharat Sugar rises sharply as its Q4FY25 revenue grows 35.2% YoY to Rs 1,038.5 crore, driven by increased ethanol and sugar sales. Net profit surges 120.9% YoY to Rs 206.3 crore due to higher net sales realisation (NSR). The company appears on a screener of stocks outperforming their industry’s price change in the quarter.

  • Crude oil prices rise for the fourth consecutive day, driven by a combination of a temporary US-China tariff truce and renewed sanction threats against Iran. The 90-day pause on new tariffs between the US and China, the world’s two largest oil consumers, has eased fears of a broader trade war that could dampen global oil demand.

  • Ask Automotive is rising as its Q4FY25 net profit grows 20.6% YoY to Rs 57.6 crore. Revenue increases 8.5% YoY to Rs 852.6 crore during the quarter, driven by improvements in the advanced braking systems and aluminium lightweighting precision segments. The firm appears in a screener of stocks where foreign institutional investors (FII) increased their stakes in Q4FY25.

  • Metropolis Healthcare falls sharply as its net profit declines 20% YoY to Rs 29.1 crore in Q4FY25 due to higher material costs and employee benefit expenses. However, revenue rises 4.3% YoY to Rs 345.3 crore during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • ITD Cementation India surges as it secures a Rs 593 crore order for infrastructure works at Jaipur International Airport in Rajasthan.

  • MSCI includes Coromandel International and Nykaa in its Global Standard Index during its May 2025 review, with no exclusions. IIFL Alternate Research and JM Financial estimate passive inflows of Rs 1,800–1,890 crore for Coromandel and Rs 1,430–1,510 crore for Nykaa.

  • Motilal Oswal reiterates its ‘Buy’ rating on Suzlon Energy with a target price of Rs 75 per share. The brokerage notes that the draft Revised List of Models and Manufacturers of Wind Turbines (RLMM) notification mandating local content is positive for Suzlon. It expects Suzlon's share of engineering, procurement, and construction (EPC) contracts in the overall order book to rise from 20% to 50% in the medium term.

  • GE Vernova is rising as it plans to invest Rs 140 crore to expand its grid infrastructure facility. The expansion includes a new manufacturing line for high-voltage direct current (HVDC) valves at its existing facility in Chennai, and a new engineering and testing centre in Noida.

  • Bharti Airtel is rising as its Q4FY25 net profit surges 5.3x YoY to Rs 11,021.8 crore, helped by tax returns of Rs 2,891.9 crore. Revenue jumps 27.6% YoY to Rs 48,362 crore, driven by improvements in the mobile services, passive infrastructure services, and home services segments. It features in a screener of stocks with prices above short, medium, and long-term moving averages.

  • Nuvama upgrades Tata Steel to a 'Buy' rating with a higher target price of Rs 177. The brokerage notes that Q4FY25 results were in line with expectations. While the company’s European business remains loss-making, it expects a turnaround starting Q1FY26. It projects EBITDA per tonne to rise to around Rs 72,000/tonne in Q1FY26, driven by higher prices and lower coal costs.

  • PTC India is rising as it appoints Manoj Kumar Jhawar as its new Chairman and Managing Director (CMD), effective May 13.

  • GlaxoSmithKline Pharmaceuticals rises sharply as its net profit surges 35.2% YoY to Rs 262.9 crore in Q4FY25, driven by lower material costs, stock-in-trade purchases, and employee benefit expenses. Revenue increases 4.8% YoY to Rs 974.4 crore during the quarter. The company features in a screener of stocks with improving cash flow from operations over the past two years.

  • Siemens rises sharply as its Q4FY25 revenue beats Forecaster estimates by 3.5% despite falling 1.5% YoY to Rs 4,410.5 crore due to reductions in the mobility and digital industries segments. Net profit declines 27.5% YoY to Rs 582 crore due to higher raw materials, inventory, and employee benefits expenses. It features in a screener of stocks with improving returns on equity (RoE) over the past two years.

  • Tata Motors is falling as its net profit plunges 51.3% YoY to Rs 8,470 crore in Q4FY25 due to the absence of last year's one-time tax gain of over Rs 9,000 crore and an exceptional expense of Rs 566 crore this quarter. Revenue drops marginally by 0.4% YoY to Rs 1,19,503 crore during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Nifty 50 was trading at 24,660 (81.7, 0.3%), BSE Sensex was trading at 81,356.85 (208.6, 0.3%) while the broader Nifty 500 was trading at 22,419.35 (70.0, 0.3%).

  • Market breadth is highly positive. Of the 1,966 stocks traded today, 1,364 were in the positive territory and 556 were negative.

Riding High:

Largecap and midcap gainers today include Aditya Birla Capital Ltd. (218.33, 6.6%), Linde India Ltd. (6,834, 5.8%) and Steel Authority of India (SAIL) Ltd. (122.68, 5.8%).

Downers:

Largecap and midcap losers today include REC Ltd. (389.50, -3.1%), Patanjali Foods Ltd. (1,783.30, -2.0%) and Asian Paints Ltd. (2,282.30, -1.8%).

Volume Rockets

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

Top high volume gainers on BSE included Mishra Dhatu Nigam Ltd. (392.40, 15.0%), Garden Reach Shipbuilders & Engineers Ltd. (2,188, 14.3%) and TVS Holdings Ltd. (10,630.50, 12.9%).

Top high volume losers on BSE were Metropolis Healthcare Ltd. (1,614.50, -5.1%), REC Ltd. (389.50, -3.1%) and Krishna Institute of Medical Sciences Ltd. (640.05, -2.9%).

HBL Engineering Ltd. (569.05, 12.3%) was trading at 23.7 times of weekly average. KIOCL Ltd. (270, 6.9%) and Aether Industries Ltd. (748.85, -2.2%) were trading with volumes 14.0 and 12.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

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

Stocks touching their year highs included - Bharat Electronics Ltd. (344.35, 2.6%), Ceat Ltd. (3,890, 3.2%) and City Union Bank Ltd. (194.37, 1.9%).

Stock making new 52 weeks lows included - Aether Industries Ltd. (748.85, -2.2%).

19 stocks climbed above their 200 day SMA including Mishra Dhatu Nigam Ltd. (392.40, 15.0%) and HBL Engineering Ltd. (569.05, 12.3%). 6 stocks slipped below their 200 SMA including Poly Medicure Ltd. (2,352, -3.0%) and Patanjali Foods Ltd. (1,783.30, -2.0%).

 
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The Baseline
14 May 2025, 09:48AM
Chart of the week: From partnerships to diversification: Dixon Technologies powers ahead to new highs
By Omkar Chitnis

From the moment we wake up, devices shape our routines—the smartphone by our bedside, the TV in our living room, the washing machine humming in the background, and the laptop powering our workdays. In a world increasingly reliant on electronics, Dixon Technologies is seizing the chance to solidify its position as a leading player in the industry.

Over the past year, this third-party consumer electronics manufacturer saw its shares reach new highs. Strong financial results, strategic partnerships with global brands, and a rapid expansion of production capacity, supported by India’s Production-Linked Incentive (PLI) scheme, have fuelled this growth.

The company's share price tripled since January 2024, rising from Rs 6,500 in January 2024 to Rs 19,148 in May 2025 as it expanded its presence beyond electronics manufacturing services.

Saurabh Gupta, CFO of Dixon Technologies, said, “India’s push for electronics manufacturing presents a $10 billion opportunity in IT hardware. We expect Dixon to grow in this segment at a rate of 35–40% annually in the next few years.”

However, this optimism comes with a caveat. Dixon’s share price, with a P/E ratio of 122.6, is trading above the industry average of 85.1. Yet, it remains below the company’s historical averages. Dixon’s 5-year average P/E and forward P/E suggest the stock is still undervalued.

In this edition of the Chart of the Week, we analyze the company’s price action from its early joint ventures (JVs) with global brands in 2024 to its recent diversification.

Amid the reversal of US-China tariffs, companies like Apple and Alphabet view the tariff exemption as temporary relief. However, they plan to shift production to India to reduce dependency on a single country and mitigate future political risks. 

Indian Electronics Manufacturing Service (EMS) companies like Dixon Technologies, Kaynes Technology, and PG Electroplast are capitalizing on this shift.

Dixon’s new deals power growth in CY24, but policy shift cools momentum

Dixon started CY24 with strong momentum, with its stock rising nearly 11.6% in February 2024, after commissioning a new manufacturing facility in Dehradun to produce washing machines for domestic and global players. The company also entered a contract manufacturing agreement with Compal Smart Device to manufacture mobile phones.

Three months later, Dixon's stock rose 27.5% in June 2024 after it signed a JV agreement with HKC Corporation to manufacture Liquid Crystal Modules (LCM) for smartphones, TVs, and auto displays.

However, Dixon’s momentum faced a temporary setback in July 2024 when the Indian government reduced import duties on mobile phones and chargers from 20% to 15%. While the move aimed to make devices more affordable for consumers, it raised concerns about increased competition from imported phones, potentially dampening the demand for Dixon’s local assembly services.

Despite the import duty change, Dixon's management expressed optimism. Atul Lall, MD of Dixon Technologies, stated, “We are optimistic on the government's positive response to the production-linked incentives scheme in electronics manufacturing. The mobile manufacturing ecosystem in India has matured, and the changes in import duties do not affect India’s competitiveness or strength.”

Following the brief downturn, Dixon’s stock regained momentum in September 2024, driven by its subsidiary Padget Electronics signing a Memorandum of Understanding (MoU) with Asus India to manufacture IT products and laptops.

After a series of agreements and MoUs, investors’ focus shifted to Dixon's Q2FY25 results. The stock gained after its net profit grew 263.2% YoY to Rs 389.9 crore on November 6, 2024, driven by higher mobile phone production and strong growth in the electronics manufacturing services (EMS) segment. Revenue rose 133.3% YoY to Rs 11,534 crore following its acquisition of an EMS provider, Ismartu, in mid-August.

Saurabh Gupta, CFO at Dixon Technologies, stated, “The 56% stake in Ismartu India, with its strong presence in smartphones and feature phones, is expected to add Rs 7,000–8,000 crore to Dixon's revenue by FY27.”Currently, Dixon derives 9% of its total revenue from the US market, primarily through manufacturing Motorola phones. 

Dixon's CY24 rally stalls in early CY25

Building on a series of agreements and MoUs, Dixon Technologies' stock rose for six straight sessions in December 2024. The upward trend continued after it signed a JV with Vivo India to establish an original equipment manufacturing (OEM) business for Vivo's smartphones in the Indian market.

Dixon delivered an impressive 173.6% return in CY24, driven by strong growth and expanding partnerships. However, the momentum faltered at the start of CY25. On January 8, the Tata Group announced an $18 billion investment to enter the electronics and semiconductor space, extending far beyond its existing work with Apple, which had started in 2023. This news led to a 12.2% drop in Dixon’s share price as investors reassessed the competitive landscape.

Ekta Mittal, senior analyst at CCS Insight, notes, “Tata Electronics, looking to add clients like Xiaomi and Oppo, will intensify competition in the market, and a price war will follow. Smaller EMS players will find it difficult to match Tata’s scale, supplier deals, and end-to-end delivery capabilities.”

Dixon’s challenges worsened on January 21, 2025, when it missed Q3FY25 net profit estimates by 18.5%, due to higher depreciation and interest costs. The stock plunged 13% as brokerages responded with caution. Jefferies maintained an “underperform” rating, while Goldman Sachs initiated a “sell,” pointing to steep valuations and signs of slowing growth.

Despite a 7.4% decline in its stock price over the first four months of CY25, Dixon’s shares began to recover in late March 2025 after the company partnered with Signify Innovations (Philips Lighting) to expand its product portfolio in lighting products and accessories.

In April, Dixon stock gained momentum on reports suggesting that Alphabet may shift part of its Pixel smartphone production from Vietnam to India due to higher US tariffs on Vietnamese goods than Indian goods. Dixon currently manufactures nearly 70% of Pixel phones in India, and the stock also rose following the government announcement of the Rs 22,919 crore PLI scheme for non-semiconductor electronic components.

Dixon derives 89% of its revenue from mobile phone manufacturing. The company is expanding its product portfolio to include home appliances and consumer electronics to reduce its reliance on this segment.

Dixon plans to invest Rs 1,000 crore in high-margin components such as camera modules, battery packs, and precision parts. In H2FY25, the company secured orders from four global IT brands—HP, Lenovo, Acer, and Asus—for laptops and related IT hardware components. To cater to this demand, Dixon is setting up a dedicated manufacturing unit for IT hardware and telecom products, with production expected to begin in FY26.

Based on this development, Dixon is targeting Rs 3,500 crore in revenue from its IT hardware business by FY26. Atul Lall, MD of Dixon Technology, said, “For the sector and Dixon, the growth path is going to be extremely aggressive in investment and diversification in the future.”

 
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The Baseline
13 May 2025, 05:09PM
Five stocks to buy from analysts this week - May 13, 2025
By Divyansh Pokharna

1. Godrej Consumer Products:

Anand Rathi reiterates its ‘Buy’ rating on this personal products maker with a target price of Rs 1,430, indicating an upside of 12.9%. In Q4FY25, the company’s revenue rose 6.3% YoY to Rs 3,598 crore, driven by 6% volume growth. However, EBITDA margin declined 120 bps to 21.1% due to inflation in palm oil costs. 

Analyst Ajay Thakur expects the overall EBITDA margin to rise by 130 bps to 22.2% over FY25–27. He attributes this to price hikes in soaps, easing palm oil prices, and improving profitability in the international business. The management also projects a 24–27% EBITDA margin in the domestic business over the medium term and expects double-digit EBITDA growth in FY26. In Q4, revenue from Indonesia grew by 5%, while the GUAM region (Africa, the US, and the Middle East) posted 23% organic growth.

Thakur is optimistic as the company’s focus on building new categories, and product innovation have driven high-potential launches like Fab liquid detergent and its entry into pet care. It introduced a pet care brand, Godrej Ninja, in Tamil Nadu, and plans a national rollout in FY26.

The company is also focusing on expanding rural distribution. Through Project VISTAAR, its distribution network grew from 35,000 to 80,000 villages, reaching 6,20,000 rural outlets in FY25. This project had a 100bps impact on EBITDA margin. Analyst projects a 9.7% growth in revenue for FY26-27.

2. Hindustan Petroleum Corp (HPCL):

Emkay retains its ‘Buy’ rating on this refineries & petro-products company with a target price of Rs 500, an upside of 28.6%. HPCL’s refining volume rose 15% YoY to 6.7 million metric tonnes (mmt) in Q4FY25, with strong utilisation at 118%. Domestic sales grew 2.6% even as the overall industry declined 1.8%. For FY25, HPCL gained 0.25% market share, outperforming its other PSU peers. It features in a screener of stocks outperforming their industry price change in the quarter.

HPCL’s capex for FY25 stood at Rs 14,510 crore. Analysts Sabri Hazarika and Arya Patel note that its current major investment cycle is nearing completion. The focus now is on generating returns from this capex before starting the next phase under its 5-year plan of Rs 77,000 crore. The company is also working to maintain a healthy debt-to-equity ratio and ensure that repayments stay manageable. Its capex for FY26-27 is targeted at Rs 13,000–14,000 crore annually, including Rs 4,000 crore in equity, Rs 5,000 crore for refining, and the rest on marketing and other areas.

Hazarika and Patel project HPCL’s revenue and net profit to grow at a CAGR of 2.7% and 6.9%, respectively, over FY26–28.

3. Alembic Pharmaceuticals:

BOB Capital Markets maintains a ‘Buy’ rating on this pharma company with a target price of Rs 1,032, a potential upside of 15.2%. Alembic Pharma’s US sales grew 20% YoY in Q4FY25, driven by higher volumes and four new product launches. The company plans to launch 15 new products in FY26, with analysts expecting 3–4 of them to generate significant revenue.

The company’s research & development (R&D) spending is set to rise to Rs 6,000 crore in FY26 from Rs 5,200 crore in FY25. About 40% of this will go towards peptides, complex injectables, and ophthalmic products (eye-related), while the rest will focus on active pharmaceutical ingredients (APIs) and oral solids. US sales are expected to grow at 13% CAGR over FY26–27.

In FY25, Alembic’s net profit fell 8% YoY due to a 40% jump in finance costs from higher short-term debt. Inventory days increased to 148 from 110 last year, as the company built up stock for multiple delayed product launches and its new Jarod plant in Gujarat. Analyst Foram Parekh expects this to normalise in FY26.

Parekh expects FY26 to outperform FY25 across all key areas, with double-digit growth in domestic sales, new product launches in the US, and stronger growth in the high-margin Rest of the World (RoW) markets.

4. Ami Organics:

IDBI Capital upgrades its rating to 'Buy' on this pharma company with a target price of Rs 1,368, a potential upside of 16.5%. The company's revenue grew 37.2% in Q4FY25, and profit increased by 148.4%, driven by growth in its contract development and manufacturing organization (CDMO) business.

The management aims to achieve 25% revenue growth in FY26, up from the current 23%, driven by new product launches such as lithium-ion battery additives and a new specialty chemical product. The company plans to invest Rs 2,000 crore in FY26 to develop electrolyte additives, a solar power plant, and a pilot plant in Gujarat.

Analyst Jason highlights that the company aims to generate Rs 1,000 crore in revenue from its CDMO business by FY28 to meet growing demand. They expect the company to benefit from new CDMO contracts in H2FY26, driven by the shift from China to India. Analysts project a revenue CAGR of 25-30% for the company over the next two years.

5. APL Apollo Tubes:

Axis Direct maintains a ‘Buy’ rating on the steel tube manufacturer with a target price of Rs 1,920, implying a 11.3% upside. In Q4FY25, the company’s revenue grew 17% YoY to Rs 5,324 crore, driven by higher steel tube prices. Net profit rose 72% to Rs 293 crore, helped by lower energy costs and improved plant efficiency.

Analysts Aditya Welekar and Darsh Solanki expect the company to achieve EBITDA/tonne of Rs 5,000 in FY26, up from Rs 4,864, driven by higher volumes in the value-added products (VAP) portfolio and a reduction in employee cost per tonne from Rs 1,000 to Rs 600 by FY27.

Management aims to increase capacity from 4.5 million tonnes per annum (MTPA) to 6.8 MTPA by FY28 to tap into new markets in East India and raise exports to 10% from the current 6%, with an investment of Rs 1,500 crore. Analysts expect steel tube volumes to grow by 20% annually over the next 2–3 years and return on capital employed (ROCE) to improve to 35% in FY26, up from 25% 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
13 May 2025, 03:56PM
Market closes lower, Hero MotoCorp's Q4 net profit grows 6.4% YoY to Rs 1,080.9 crore
By Trendlyne Analysis

Nifty 50 closed at 24,578.35 (-346.4, -1.4%), BSE Sensex closed at 81,148.22 (-1,281.7, -1.6%) while the broader Nifty 500 closed at 22,349.40 (-162, -0.7%). Market breadth is overwhelmingly positive. Of the 2,420 stocks traded today, 1,664 were in the positive territory and 719 were negative.

Indian indices closed lower as investors booked profits after Monday’s sharp 3.8% rally. The Indian volatility index, Nifty VIX, fell 1.1% and closed at 18.2 points. Happiest Minds Technologies closed 2.7% lower as its net profit fell 32.1% QoQ to Rs 34 crore in Q4FY25, due to a bad debt provision and a one-time payout related to an earlier deal.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. Nifty IT and BSE Tech Indices were among the top index losers today. According to Trendlyne’s sector dashboard, Telecom Services emerged as the worst-performing sector of the day, with a fall of 2.4%.

Asian indices closed mixed. European indices are trading mixed. US index futures are trading either flat or lower, indicating a cautious start to the trading session as investors await new inflation data and assess the trade agreement between the US and China. Brent crude futures are trading higher after rising 1.6% on Monday.

  • One97 Communications (Paytm) sees a short buildup in its May 29 futures series, with open interest increasing by 41.9% and a put-call ratio of 0.6.

  • Hero MotoCorp is rising as its Q4FY25 net profit grows 6.4% YoY to Rs 1,080.9 crore, aided by inventory destocking. Revenue rises 4.4% YoY to Rs 9,938.7 crore, driven by price hikes. It features in a screener of stocks with book value per share improving over the last two years.

  • Patel Engineering is falling as its net profit plunges 72.8% YoY to Rs 38.2 crore in Q4FY25 due to an exceptional items loss of Rs 87.1 crore. Revenue increases 20% YoY to Rs 1,611.9 crore, driven by higher sales from the civil construction and real estate segments during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding over the past two months.

  • Happiest Minds Technologies falls as its net profit declines 32.1% QoQ to Rs 34 crore in Q4FY25. Revenue increases 2.6% QoQ to Rs 544.6 crore due to higher sales from the product & digital engineering services segment. The company appears in a screener of stocks with PE higher than industry PE.

  • Goldman Sachs maintains a 'Neutral' rating on Britannia Industries with a higher target price of Rs 5,650. The brokerage maintains a positive FY26 outlook for Britannia, driven by steady growth, improving margins, and easing input costs. It notes recent price hikes to offset inflation and a pickup in underlying FMCG industry growth.

  • Cipla is rising as its net profit grows 30.1% YoY to Rs 1,221.8 crore in Q4FY25, helped by inventory destocking. Revenue increases 9.2% YoY to Rs 6,729.7 crore, driven by higher sales from the pharmaceuticals and new ventures segments during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding in the past quarter.

  • Krishna Institute of Medical Sciences is rising as its net profit surges 55.5% YoY to Rs 101.8 crore in Q4FY25, helped by an exceptional gain of Rs 10.8 crore. Revenue increases 25.7% YoY to Rs 796.9 crore, driven by a 21% YoY growth in average revenue per occupied bed (ARPOB) during the quarter. The company features in a screener of stocks with improving cash flow from operations over the past two years.

  • Chalet Hotels' Q4FY25 net profit surges 50.2% YoY to Rs 123.9 crore, helped by lower finance costs. Revenue increases 24.8% YoY to Rs 522 crore, driven by higher sales from the hospitality and rental businesses during the quarter. The company appears in a screener of stocks with book value per share improving over the last two years.

  • Aether Industries declines over 4% as its promoter, Purnima Desai, proposes to sell a 6.8% stake (equivalent to 89.8 lakh equity shares with a face value of Rs 10 each) in the company via an offer for sale (OFS).

  • UPL falls sharply as its net profit misses Forecaster estimates by 25.7% despite rising 22.4X YoY to Rs 896 crore in Q4FY25, helped by lower raw materials, finance and depreciation & amortisation expenses. Revenue grows 10.6% YoY to Rs 15,573 crore, due to improvements in the crop protection, seeds, and non-agro segments. It shows up in a screener of stocks where promoters are decreasing their shareholding.

  • Piramal Pharma is rising as it plans to invest $90 million (approximately Rs 764 crore) to expand manufacturing capacity at two US facilities. The move aims to meet growing demand from US customers and support the shift toward local drug manufacturing.

  • Larsen & Toubro’s buildings & factories (B&F) vertical secures orders worth Rs 2,500-5,000 crore from the Central Public Works Department (CPWD) to construct Central Secretariat buildings in New Delhi.

  • Morgan Stanley names HPCL its top pick among Indian oil retailers, citing its leverage to rising global oil supply and improved refinery capacity. The brokerage forecasts HPCL’s EBITDA to reach $4.5 billion (approx. Rs 37,500 crore) in FY28. It also notes the company has moved past the peak of its capital expenditure and is now entering a new investment cycle.

  • Raymond Lifestyle reports a net loss of Rs 45 crore in Q4FY25, compared to a profit of Rs 129.4 crore in Q4FY24, due to higher stock purchases, finance, manufacturing & operating costs. Revenue falls 11.3% YoY to Rs 1,494.2 crore due to weak demand across the textiles, shirting, apparel, and garmenting segments. It appears in a screener of stocks where promoters increased pledged shares QoQ.

  • Allied Blenders & Distillers rises sharply as its board of directors schedules a meeting on May 15 to consider raising funds through the issuance of equity shares or other securities. The board will also announce the company's Q4FY25 and FY25 results during the meeting.

  • CLSA upgrades Tech Mahindra to a 'High Conviction Outperform' rating with the target price of Rs 1,976 per share. The brokerage believes the company is sticking to its three-year turnaround plan announced in April 2024 and is on track to meet its FY27 target of a 15% EBIT margin.

  • Motilal Oswal initiates coverage on Jindal Stainless with a 'Buy' rating and a target price of Rs 770. The brokerage believes the company is well-positioned for sustainable growth, expecting JSL to reinforce its market leadership and deliver a 14% revenue CAGR. It projects a 17% EBITDA CAGR over FY25–27, supported by robust topline growth and an improved cost structure. Strong cash flows during FY26–27 are also expected to drive further deleveraging.

  • KEC International is rising as it secures an order worth Rs 1,034 crore across its businesses. Its transmission & distribution (T&D) unit receives orders to supply transmission towers in the USA. In the construction segment, it secures a contract to build a semiconductor plant in India.

  • Power Mech Projects is rising as it receives an order worth Rs 971.9 crore from the Telangana Power Generation Corporation (TPGC) to develop a township at the Yadadri thermal power station in Nalgonda district, Telangana.

  • Prudent Corporate Advisory is rising as its net profit grows 16.1% YoY to Rs 51.7 crore in Q4FY25, helped by lower finance costs. Revenue increases 18.1% YoY to Rs 283 crore, driven by higher income from commissions and fees during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • KFIN Technologies declines over 4% as 87 lakh shares (10% equity), amounting to Rs 918.8 crore, reportedly change hands in a block deal. General Atlantic Singapore Fund Pte is likely the seller in the transaction.

  • HFCL is rising as it secures a purchase order worth Rs 157 crore from Tera Software, a consortium partner of ITI. The order involves the supply of various types of optical fiber cables for the BharatNet Phase III project in the West Bengal Telecom Circle.

  • Gensol Engineering is falling as its promoter, Anmol Singh Jaggi, resigns as Managing Director, while Puneet Singh Jaggi steps down as Whole-time Director, following SEBI’s interim order, effective May 12.

  • One97 Communications (Paytm) falls as 1.7 crore shares (4.1% stake) worth approximately Rs 2,066 crore reportedly change hands in a block deal at an average price of Rs 809.8 per share. Chinese firm Antfin is likely the seller in the transaction.

  • Tata Steel's net profit surges 112.7% YoY to Rs 1,300.8 crore in Q4FY25, helped by lower raw materials, employee benefits, finance costs, and a deferred tax credit of Rs 387.5 crore. However, revenue falls by 4.2% YoY to Rs 56,218.1 crore due to weak performance in India, Europe and trade-related operations. The company features in a screener of stocks outperforming their industry price change in the quarter.

  • Nifty 50 was trading at 24,869.10 (-55.6, -0.2%), BSE Sensex was trading at 82,436.47 (6.6, 0.0%) while the broader Nifty 500 was trading at 22,487 (-24.4, -0.1%)

  • Market breadth is in the green. Of the 1,986 stocks traded today, 1,081 were gainers and 857 were losers.

Riding High:

Largecap and midcap gainers today include Schaeffler India Ltd. (3,951.90, 5.9%), Star Health and Allied Insurance Company Ltd. (389.40, 4.3%) and Bharat Electronics Ltd. (335.75, 4.0%).

Downers:

Largecap and midcap losers today include UPL Ltd. (642.85, -5.0%), United Breweries Ltd. (2,035.60, -4.0%) and Infosys Ltd. (1,568.60, -3.6%).

Volume Shockers

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

Top high volume gainers on BSE included Tanla Platforms Ltd. (557.35, 12.7%), Bharat Dynamics Ltd. (1,746.70, 11.3%) and Laxmi Organic Industries Ltd. (193.45, 7.1%).

Top high volume losers on BSE were KFIN Technologies Ltd. (1,047.80, -6.3%), Aether Industries Ltd. (765.75, -5.0%) and Jyothy Labs Ltd. (336.20, -4.2%).

JM Financial Ltd. (110.13, 4.1%) was trading at 14.6 times of weekly average. Birla Corporation Ltd. (1,334.80, 5.2%) and Jubilant Ingrevia Ltd. (699.90, -2.5%) were trading with volumes 7.9 and 6.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

7 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - City Union Bank Ltd. (190.74, 3.7%), Coromandel International Ltd. (2,433.30, 0.4%) and Redington Ltd. (272.52, 4.4%).

50 stocks climbed above their 200 day SMA including Gujarat State Petronet Ltd. (347.25, 5.3%) and Birla Corporation Ltd. (1,334.80, 5.2%). 7 stocks slipped below their 200 SMA including KFIN Technologies Ltd. (1,047.80, -6.3%) and Jubilant Ingrevia Ltd. (699.90, -2.5%).

 
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The Baseline
12 May 2025
Which stocks did superstar investors buy in Q4FY25?
By Divyansh Pokharna

The final quarter of FY25 was marked by volatility. US President Trump’s ‘Liberation Day’ tariffs, announced in April, sparked trade war concerns and added to the uncertainty. India and the US are now actively discussing the first phase of a Bilateral Trade Agreement. US Commerce Secretary Howard Lutnick mentioned that around 7,000 tariff lines could be modified or changed under the deal.

To invest in a changing market, people closely follow superstar investors like RARE Enterprises, Ashish Kacholia, Sunil Singhania, and Vijay Kedia for insights into the market. Their buying and selling activity helps retail investors identify promising sectors and stocks. We take a look at their top buys in Q4FY25.

(You can now invest in shadow superstar baskets available on Starfolio, which are updated and rebalanced in line with Trendlyne's superstar portfolios).

In Q4, most superstar investors stayed cautious as markets turned volatile, making fewer additions and more stake sales, continuing the trend from the December quarter. The chart below shows changes in their current public portfolio net worth.

Superstar net worth includes current holding changes, as well as new buys and sells. 

Each superstar investor's portfolio reflects their unique investing style and sector preferences. The chart below highlights the dominant sectors in each investor’s public portfolio. 

Sector preferences vary among superstar investors – RARE Enterprises leans towards the textiles, apparels & accessories sector, while Ashish Kacholia favours general industrials. Sunil Singhania focuses on the metals & mining sector, and Vijay Kedia’s preferred industry is automobiles & auto components. Dolly Khanna leans more towards the oil & gas industry, and Porinju Veliyath’s top sector is software & services.

Ashish Kacholia made the highest number of new investments in Q4, adding six new companies to his portfolio. His new picks lead the list of best-performing stocks over the past quarter. One of Dolly Khanna’s stocks also features in this list. Here’s a look at the top-performing stocks held by superstar investors.

Kacholia’s Qualitek Labs topped the list with a 11.3% rise over the past quarter, followed by Infinium Pharmachem. Among Dolly Khanna’s holdings, Polyplex Corp gained 8.8% during the same period. 

Porinju’s M M Rubber Company and Kacholia’s Z-Tech have dipped slightly during the quarter, with both falling around 1.5%. Meanwhile, GHCL and Concord Control declined by 7.2% and 8.1%, respectively.

RARE Enterprises adds a minor stake in a banking stock

Rakesh Jhunjhunwala’s portfolio, currently managed by Rekha Jhunjhunwala and RARE Enterprises, has risen by 16.2% to Rs 57,245 crore as of May 12. During Q4, RARE Enterprises only made a minor stake increase in a banking stock.

RARE increased a minor 0.1% stake in Federal Bank in the March quarter. The portfolio now holds a 1.5% stake in this banking stock. Over the past year, the bank’s share price has increased by 21.6%, outperforming its industry by 5.6% points. It also has an affordable valuation score of 66.5.

RARE also bought minor stakes in Canara Bank and Titan during the quarter, taking its holding to 1.5% and 5.2% in the banking and gems & jewellery companies, respectively.

Ashish Kacholia adds six new companies in Q4

Ashish Kacholia’s net worth has declined by 21.3% to Rs 2,506.8 crore as of May 12. During the quarter, the ace investor added six new companies to his portfolio and raised stake in one firm. 

Kacholia’s biggest buy during the December quarter was Qualitek Labs, a consulting servicescompany. The investor bought a 5.1% stake in the company. The company’s share price has increased by 92.8% over the past year, outperforming its industry by 98.2% points.

During Q4, he acquired a 4.6% stake in Infinium Pharmachem. Over the past year, the pharma company has risen by 31.6%, outperforming its industry by 11.5% points. Kacholia also added construction & engineering company Z-Tech (India) by buying a 3.5% stake. The firm has surged 405.5% in the past year, and outperformed its industry by 395.5% points.

The marquee investor added Thomas Scott, a textiles company, in the March quarter, buying 2.4%. The company has a high durability score of 60. Kacholia’s portfolio also revealed a 1.9% stake in wires & cables maker Quadrant Future Tek. The company debuted on the bourses on January 14, 2025, with its IPO oversubscribed by 186.7x. 

Kacholia also added a 1.2% stake in Concord Control to his portfolio in Q4. The electronic components manufacturer has risen by 74.4% over the past year. It features in a screener of companies with low debt.

He increased his stake in Tanfac Industries by 0.4%, bringing his holding to 1.6%. Tanfac has a high Durability score of 75 and ranks high on Trendlyne’s checklist with a score of 65.2%.

Sunil Singhania’s Abakkus Fund discloses stake in a recently listed company

Sunil Singhania’s Abakkus Fund saw its net worth fall by 21.6% to Rs 2,339.7 crore as of May 6. The fund disclosed a 1.3% stake in a water management solutions company during the March quarter.

Denta Water and Infra Solutions debuted on the bourses on January 29, 2025, with its IPO oversubscribed by 221.7 times. The stock has risen marginally by 0.3% over the quarter. The company has strong financials, with revenue and net profit rising by 13.7% and 127.3%, respectively, in Q3FY25. It appears in a screener of stocks showing rising quarterly net profit and profit margin (YoY).

The fund also marginally increased its stake in Technocraft Industries and HG Infra Engineering, now holding 2.4% and 1.4% in these companies, respectively.

Vijay Kedia makes no new buys in Q4

Vijay Kedia's net worth has fallen by 31.2%, reaching Rs 1,347.2 crore as of May 12. He has remained relatively quiet in recent months, making no new purchases or increasing stakes during the quarter. However, he has sold stakes in a few companies.

Dolly Khanna adds two new companies in Q4, raises stakes in eight

Dolly Khanna's net worth increased by 11%, reaching Rs 533.7 crore as of May 6. She publicly holds 17 companies and continued to expand her portfolio in Q4 by adding two new companies and increasing stakes in eight others. Her new investments include a 1.2% stake in Polyplex Corp, a packaging films maker, and a 1% stake in GHCL, a commodity chemicals manufacturer. 

Both companies have high Valuation scores, indicating they are attractively priced. Over the past year, Polyplex Corp's share price has risen by 45.2%, while GHCL’s increased by 24%.

During Q4FY25, Khanna also bought a 1% stake in Som Distilleries & Breweries, raising her holding to 2.4%. She increased her stake in Prakash Industries by 0.8%, now holding 2.1%. Both companies have high Trendlyne checklist scores of over 60.

Additionally, Khanna added a 0.4% stake each in Prakash Pipes, Mangalore Chemicals & Fertilizers, and 20 Microns. Her holdings in these companies are now 4.1%, 2.2%, and 1.7%, respectively. All three have outperformed their industry price change over the last quarter.

The ace investor also raised her stake by 0.2% in Stove Kraft and 0.1% in KCP Sugar during Q4. Her current stakes in these companies are 1.3% and 19%, respectively. Khanna increased her stake slightly in Savera Industries as well.

Porinju Veliyath adds two new companies to his portfolio in Q4

Porinju Veliyath's net worth decreased by 40.4%, reaching Rs 176.8 crore. During the March quarter, he added Apollo Sindoori Hotels to his portfolio, acquiring a 1.7% stake in the hotels company. The company’s share price has fallen by 24.1% over the past year, underperforming its industry by 37%. However, it has a high Durability score of 65.

Veliyath also bought a 1% stake in M M Rubber Company, a rubber products manufacturer. The company features in a screener of stocks with zero promoter pledges.

Additionally, Veliyath acquired a 0.1% stake in IT software company Aurum Proptech, increasing his holding to 6%. The company's share price has risen by 22.7% in the past year, outperforming its industry by 12.3%.

 
Trendlyne Marketwatch
Trendlyne Marketwatch
12 May 2025
Market closes higher, Triveni Turbine's Q4 net profit grows 23.6% YoY to Rs 93.9 crore
By Trendlyne Analysis

Nifty 50 closed at 24,924.70 (916.7, 3.8%), BSE Sensex closed at 82,429.90 (2,975.4, 3.7%) while the broader Nifty 500 closed at 22,511.40 (835.9, 3.9%). Market breadth is overwhelmingly positive. Of the 2,465 stocks traded today, 2,226 were on the uptrend, and 214 went down.

Indian indices closed 3.8% higher after India and Pakistan made a ceasefire agreement following days of drones and missile attacks across the border. The Indian volatility index, Nifty VIX, fell 15% and closed at 18.4 points. Birla Corp closed 20% higher as its Q4FY25 net profit grew 32.7% YoY to Rs 256.6 crore, helped by lower raw materials, employee benefits, finance, power & fuel, and transport & forwarding expenses. Revenue rose 6.7% YoY to Rs 2,863.1 crore.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, following the benchmark index. BSE IT Sector and Nifty Realty were the best-performing indices of the day. According to Trendlyne’s sector dashboard, Telecommunications Equipment emerged as the best-performing sector of the day, with a rise of 6.5%.

European indices are trading higher, except Switzerland’s SMI index, which is trading flat. Major Asian indices closed in the green. US index futures are trading higher, indicating a positive start to the session after the US and China enter a trade deal, agreeing to a 30% tariff on Chinese goods and a 10% tariff on US goods.

  • Relative strength index (RSI) indicates that stocks like Ceat, RR Kabel, KPR Mill and Elecon Engineering are in the overbought zone.

  • Jupiter Life Line Hospitals' Q4FY25 net profit falls marginally by 0.9% YoY to Rs 44.9 crore due to higher finance costs. However, revenue increases 12.5% YoY to Rs 326.7 crore, driven by higher occupancy across its hospital units during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • LTIMindtree rises sharply as it secures a $450 million, seven-year deal from a global agribusiness firm. The company will deliver AI-powered application management, infrastructure support, and cybersecurity services.

  • Triveni Turbine is surging as its Q4FY25 net profit grows 23.6% YoY to Rs 93.9 crore, helped by inventory destocking. Revenue rises 17.4% YoY to Rs 557.9 crore, attributed to improvements in the domestic and export segments. It features in a screener of stocks with increasing revenue for the past eight quarters.

  • Nomura maintains its 'Buy' rating on Larsen & Toubro but lowers the target price to Rs 3,670. The brokerage notes that while L&T's core operational performance was largely in line, the outlook for core margins remains subdued.

  • Shakti Pumps' Q4FY25 net profit grows 22.9% YoY to Rs 110.2 crore. Revenue increases 9.8% YoY to Rs 669.8 crore, driven by an improvement in the Indian market. It shows up in a screener of stocks with the highest recovery from their 52-week lows.

  • Sun Pharma is falling as US President Donald Trump plans to sign an executive order on Monday to cut drug prices by 30-80% with immediate effect. Sun Pharma makes 32% of its total revenue from the US market.

  • Adani Power rises sharply as it secures an order from Uttar Pradesh Power Corp (UPPCL) to supply 1,500 MW of thermal power for 25 years from its upcoming 1,600 MW thermal power project in Uttar Pradesh.

  • ideaForge Technology jumps over 6% to a three-month high amid rising expectations of increased defence spending due to India-Pakistan geopolitical tensions. Porinju Veliyath, Founder & CEO of Equity Intelligence India, says the strong performance of Indian defence firms highlights their indigenous capabilities, positioning India as a potential major exporter of defence equipment.

  • Thermax is rising as its net profit grows 8.1% YoY to Rs 205.7 crore in Q4FY25. Revenue increases 11.6% YoY to Rs 3,084.9 crore, helped by higher sales from the industrial products, industrial infra and green solutions segments during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • NTPC Green Energy's board appoints Sarit Maheshwari as the new Chief Executive Officer (CEO), succeeding Rajiv Gupta, effective May 10.

  • Cyient DLM's Chief Executive Officer (CEO), Anthony Montalbano, tenders his resignation, effective May 8. The board assigns Managing Director Rajendra Velagapudi to assume responsibility for overall operations over the next few weeks.

  • Ashu Shinghal, MD of Mahanagar Gas, says CNG and industrial demand have driven volume growth. He expects around 10% volume growth in FY26 and forecasts EBITDA/scm to range between Rs 9-10.5 in the coming quarters. He adds that the administered pricing mechanism (APM) gas allocation has been reduced to 36% for CNG against 70% in early 2024. Shinghal also highlights a Rs 100 crore investment in a three-wheeler manufacturing company.

  • Manappuram Finance reports a net loss of Rs 191.2 crore in Q4FY25, compared to a net profit of Rs 561.5 crore in Q4FY24 due to a sharp rise in impairment on financial instruments. However, revenue grows marginally by 0.5% YoY to Rs 2,359.7 crore, owing to an improvement in the gold loans segment. The company appoints Deepak Reddy as Chief Executive Officer (CEO), effective August 1, succeeding Nandakumar VP.

  • Yes Bank rises as Japanese financial institution Sumitomo Mitsui Banking Corporation (SMBC) acquires a 20% stake from State Bank of India for Rs 13,483 crore. The deal is valued at Rs 21.5 per share, a 7.5% premium over Friday's closing price.

  • Birla Corp surges almost 20% as its Q4FY25 net profit grows 32.7% YoY to Rs 256.6 crore, helped by lower raw materials, employee benefits, finance, power & fuel, and transport & forwarding expenses. Revenue rises 6.7% YoY to Rs 2,863.1 crore, led by an improvement in the cement segment. It features in a screener of stocks with dividend yields greater than their sector dividend yield.

  • Motilal Oswal upgrades Aurobindo Pharma to a 'Buy' rating with a target price of Rs 1,360. The brokerage notes the company's focus on high-growth segments to drive long-term growth. The firm is also expanding its US generics portfolio with limited-competition products. It projects a 10% revenue CAGR for FY25–27.

  • Puravankara is rising as it forms a joint venture(JV) with KVN Property Holdings to develop a 24.5-acre land parcel in North Bengaluru. The project has a gross development value (GDV) of Rs 3,300 crore.

  • Reliance Power reports a net profit of Rs 125.6 crore in Q4FY25, compared to a loss of Rs 397.5 crore in Q4FY24, driven by lower expenses. Revenue declines 5.8% YoY to Rs 2,065.6 crore. The company features in a screener of stocks where foreign institutional investors (FIIs) increased their stakes in Q4FY25.

  • ABB India's net profit grows 3.3% YoY to Rs 474.6 crore in Q1CY25. Revenue increases 2.6% YoY to Rs 3,251.8 crore, driven by improvements in the electrification, railway, and robotics automation segments. The firm features in a screener of stocks where mutual funds increased their stakes in the past quarter.

  • Tourism-linked stocks like InterGlobe Aviation, IRCTC, and Ixigo are rising after India and Pakistan paused military action along the border over the weekend. These stocks also gain momentum as the Indian Air Force instructs the cancellation of the Notice to Airmen (NOTAM) regarding the closure of 32 airports.

  • Swiggy is falling as its Q4FY25 net loss expands 94.9% YoY to Rs 1,081.2 crore due to higher inventory, employee benefits, finance, advertising & sales promotion, and delivery & related expenses. However, revenue grows 44.1% YoY to Rs 4,530.7 crore, driven by improvements in the food delivery, out-of-home consumption, quick-commerce, and supply-chain & distribution segments. It shows up in a screener of stocks with falling return on capital employed (RoCE).

  • Bank of India is rising as its net profit grows 82.5%% YoY to Rs 2,625.9 crore in Q4FY25 due to lower provisions and contingencies. Revenue increases 13.4% YoY to Rs 18,323.2 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 171 bps and 40 bps YoY, respectively.

  • Great Eastern Shipping is falling as its Q4FY25 net profit declines 59.9% YoY to Rs 363.1 crore due to higher consumption of spares & stores, and depreciation & amortisation expenses. Revenue decreases 20.5% YoY to Rs 1,373.2 crore, caused by reductions in the shipping segment. It appears in a screener of stocks with declining revenue for the past three quarters.

  • Dr. Reddy's Laboratories is rising as its net profit grows 21.6% YoY to Rs 1,593.3 crore in Q4FY25. Revenue increases 19.9% YoY to Rs 8,528.4 crore, driven by higher sales from the global generics and pharmaceutical services & active ingredients segments during the quarter. The company appears in a screener of stocks with increasing revenue every quarter for the past four quarters.

  • The market opened on an upbeat note. Nifty 50 was trading at 24,561.40 (553.4, 2.3%), BSE Sensex was trading at 81,112.58 (1658.1, 2.1%) while the broader Nifty 500 was trading at 22,228.45 (552.9, 2.6%)

  • Market breadth is overwhelmingly positive. Of the 2,061 stocks traded today, 1,930 were in the positive territory and 94 were negative.

Riding High:

Largecap and midcap gainers today include Rail Vikas Nigam Ltd. (359.45, 11.3%), Escorts Kubota Ltd. (3,413.10, 9.0%) and Oracle Financial Services Software Ltd. (8,714, 9.0%).

Downers:

Largecap and midcap losers today include IndusInd Bank Ltd. (788.50, -3.6%), Sun Pharmaceutical Industries Ltd. (1,686.20, -3.4%) and United Breweries Ltd. (2,119.80, -2.5%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Birla Corporation Ltd. (1,268.80, 20.0%), Cera Sanitaryware Ltd. (6,614.50, 13.4%) and Rail Vikas Nigam Ltd. (359.45, 11.3%).

Top high volume losers on BSE were Jyothy Labs Ltd. (350.80, -4.3%), Sun Pharmaceutical Industries Ltd. (1,686.20, -3.4%) and Bank of India (110.09, -0.1%).

C.E. Info Systems Ltd. (1,950, 6.1%) was trading at 11.2 times of weekly average. The Ramco Cements Ltd. (952.30, 1.4%) and Triveni Turbine Ltd. (559.50, 8.5%) were trading with volumes 9.2 and 8.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

11 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Ceat Ltd. (3,750, -0.4%), Coromandel International Ltd. (2,424.50, 3.5%) and ICICI Bank Ltd. (1,448.50, 4.3%).

52 stocks climbed above their 200 day SMA including Birla Corporation Ltd. (1,268.80, 20.0%) and Aavas Financiers Ltd. (1,874.90, 9.2%).

 
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The Baseline
09 May 2025
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
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
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
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%).