My Newsfeed

T
Trendlyne Marketwatch
25 Jun 2025
Market closes higher, Reliance Infra bags a Rs 600 cr export order for ammunition from Rheinmetall
By Trendlyne Analysis

Nifty 50 closed at 25,244.75 (200.4, 0.8%), BSE Sensex closed at 82,755.51 (700.4, 0.9%) while the broader Nifty 500 closed at 23,296.85 (183.7, 0.8%). Market breadth is ticking up strongly. Of the 2,459 stocks traded today, 1,773 were in the positive territory and 645 were negative.

Indian indices closed higher after President Trump brokered a ceasefire between Iran and Israel. The Indian volatility index, Nifty VIX, fell 4.9% and closed at 13 points. Timex Group closed at its 5% lower circuit as its promoter plans to sell a 15% stake in the firm via an Offer for Sale (OFS).

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, tracking the benchmark index. Nifty Media and BSE Tech were among the best-performing indices of the day. According to Trendlyne’s sector dashboard, Textiles, Apparels & Accessories emerged as the best-performing sector of the day, with a rise of 2.7%.

European indices are trading mixed. Major Asian indices closed higher, except Indonesia’s IDX Composite index, which closed 0.6% lower. US index futures are trading mixed, indicating a cautious start to the session as investors await Federal Reserve Chair Jerome Powell’s remarks on interest rates later in the day.

  • Money flow index (MFI) indicates that stocks like Alkyl Amines Chemicals, Gland Pharma, Authum Investment, and Hyundai Motor India are in the overbought zone.

  • Reliance Infrastructure rises sharply as its subsidiary, Reliance Defence, bags an export order worth Rs 600 crore for ammunition from Rheinmetall Waffe Munition GmbH.

  • Exicom Tele-Systems rises sharply as its board of directors approves a fundraising of up to Rs 260 crore through the rights issue of equity shares.

  • Servotech Renewables secures a 16 MW grid-connected solar rooftop project from Urja Vikas Nigam in Madhya Pradesh.

  • Motilal Oswal maintains a 'Buy' rating on Federal Bank with a higher target price of Rs 250. The brokerage expects the bank to see a steady improvement in Return on Assets (RoA), with recovery beginning in FY27 and rising sharply to 1.5% by FY28. The bank targets a loan CAGR of around 17% between FY25 and FY28, while maintaining strong asset quality.

  • V-Mart Retail's board of directors allocates equity shares to shareholders in a 3:1 ratio through a bonus issue.

  • Philip Capital maintains a ‘Sell’ rating on Dixon Technologies and cuts the target price to Rs 11,077 per share. The brokerage expects rising competition in the mobile phone assembly segment to pose a risk to the company. It has reduced its FY27 revenue estimate by 4% and PAT estimate by 9%.

  • ACME Solar Holdings subsidiary, ACME Sikar Solar Private, signs a 25-year power purchase agreement with Solar Energy Corp of India for a 300 MW solar project in Sikar, Rajasthan. The project is set at a fixed tariff of Rs 3.05 per kWh.

  • India’s Ministry of Defence (MoD) finalizes 13 contracts worth Rs 1,981.9 crore under the Emergency Procurement (EP) mechanism to strengthen the Indian Army’s counter-terrorism capabilities. Sanctioned under a Rs 2,000 crore allocation, these contracts are fast-tracked to meet urgent operational requirements.

  • Emkay retains its 'Buy' call on Metro Brands with a target price of Rs 1,400 per share. This indicates a potential upside of 23.8%. The brokerage remains positive on the stock due to its expanding product portfolio, partnerships with Fila and Footlocker, and distribution agreement with Clarks. It expects the firm's revenue to grow at a CAGR of 17.6% over FY26-28.

  • Lupin receives approval from the US FDA for its abbreviated new drug application (ANDA) for Prucalopride Tablets. The drug is a bioequivalent to Takeda Pharma's Motegrity Tablets, used to treat chronic idiopathic constipation (CIC) in adults. As of April 2025, the drug has an estimated market size of $184 million, according to IQVIA.

  • Multi Commodity Exchange of India rises sharply to hit an all-time high of Rs 8,808 after UBS raises its target price to Rs 10,000 from Rs 7,000, while maintaining a ‘Buy’ rating. The brokerage expects increased volatility in key commodities to drive higher trading volumes and sees improved pace and visibility of new product launches.

  • Citi maintains a 'Buy' rating on Reliance industries with a higher target price of Rs 1,585. The brokerage highlights that while the market remains focused on the next round of tariff hikes, it is overlooking several structural growth drivers that offer a long-term growth runway for the Indian telecom sector, particularly for Jio. It expects Jio Platforms to deliver a consolidated EBITDA CAGR of 16% over the next three years and values the business at an enterprise value of $135 billion.

  • Indian Railway Catering & Tourism Corp rises as Indian Railways is reportedly set to hike passenger fares from July 1. The revision includes a 1 paise/km hike for non-AC and 2 paise/km for AC classes.

  • L&T Technology Services secures Rs 417 crore ($50 million) five-year deal from an energy company to provide enterprise data and digital services.

  • Arisinfra Solutions’ shares debut on the bourses at a 7.7% discount to the issue price of Rs 222. The Rs 499.6 crore IPO received bids for 2.6 times the total shares on offer.

  • Defence stocks see sharp losses as hopes for increased order inflows fade amid a potential Iran-Israel ceasefire. The Nifty Defence index drops by 1.4%, marking its second straight session of decline.

  • Nuvama upgrades IndiaMART Intermesh to a 'Buy' rating with a higher target price of Rs 3,800 per share. The brokerage expects the company's subscriber additions to improve from Q2 or Q3, and it has raised its profit estimates to grow 9% in FY26.

  • KEC International rises sharply as it secures new orders worth Rs 1,236 crore for high-rise residential projects in Western India. The contracts, awarded by reputed real estate developers, involve developing over 50 lakh square feet of residential space along with related infrastructure.

  • Bajel Projects surges to its 5% upper circuit as it bags a large order worth Rs 100–200 crore for the establishment of a 400kV substation.

  • Walmart CEO Doug McMillon says the company is expanding its sourcing from India beyond a few limited categories as it strengthens its focus on MSME empowerment and digital growth. He notes that what began with a narrow range of products has grown significantly, with a goal to reach $10 billion in annual sourcing from India.

  • Timex Group falls as promoter plans to sell a 15% stake in the firm via the Offer for Sale (OFS) route. The floor price for the offer is Rs 175 per share.

  • Aurobindo Pharma is rising as its subsidiary, CuraTeQ Biologics, receives approval from the UK’s Medicines and Healthcare Products Regulatory Agency (MHRA) to market Dyrupeg. The drug is used for the treatment of neutropenia in patients with cancer.

  • J B Chemicals & Pharmaceuticals receives approval from the US Food and Drug Administration (US FDA) for its abbreviated new drug application (ANDA) for Amitriptyline Hydrochloride Tablets, used to treat symptoms of depression. As of 2024, the drug has a global market size of approximately $1.2 billion.

  • Hindalco Industries signs an agreement to acquire US-based AluChem Companies for $125 million (approximately Rs 1,075 crore) via its step-down subsidiary, Aditya Holdings, to strengthen its global specialty alumina portfolio.

  • Nifty 50 was trading at 25,161.85 (117.5, 0.5%), BSE Sensex was trading at 82,448.80 (393.7, 0.5%) while the broader Nifty 500 was trading at 23,217.30 (104.1, 0.5%).

  • Market breadth is ticking up strongly. Of the 1,984 stocks traded today, 1,559 were on the uptrend, and 381 went down.

Riding High:

Largecap and midcap gainers today include Page Industries Ltd. (48,250, 4.3%), Kalyan Jewellers India Ltd. (540.35, 3.8%) and Titan Company Ltd. (3,652.20, 3.6%).

Downers:

Largecap and midcap losers today include Bharat Electronics Ltd. (406.05, -3.0%), Mazagon Dock Shipbuilders Ltd. (3,192.70, -2.7%) and Dixon Technologies (India) Ltd. (14,165, -2.4%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Kirloskar Brothers Ltd. (2,161, 16.4%), Network18 Media & Investments Ltd. (61.82, 15.2%) and Sammaan Capital Ltd. (143.50, 15.1%).

Top high volume loser on BSE was Pidilite Industries Ltd. (2,998.90, -0.1%).

Star Health and Allied Insurance Company Ltd. (430.10, 0.5%) was trading at 31.5 times of weekly average. IndiaMART InterMESH Ltd. (2,660.60, 6.6%) and Welspun Living Ltd. (139.82, 6.5%) were trading with volumes 14.1 and 12.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

12 stocks made 52 week highs, while 1 stock hit their 52 week lows.

Stocks touching their year highs included - Bharti Airtel Ltd. (1,965.60, 1.7%), EID Parry (India) Ltd. (1,055, 8.7%) and Fortis Healthcare Ltd. (779.80, 1.9%).

Stock making new 52 weeks lows included - Aditya Birla Lifestyle Brands Ltd. (156, 1.9%).

40 stocks climbed above their 200 day SMA including Kirloskar Brothers Ltd. (2,161, 16.4%) and Network18 Media & Investments Ltd. (61.82, 15.2%). 7 stocks slipped below their 200 SMA including Oil India Ltd. (441.10, -1.1%) and Vedanta Ltd. (441.95, -0.9%).

 
logo
The Baseline
25 Jun 2025
Five stocks to buy from analysts this week - June 25, 2025
By Divyansh Pokharna

1. Container Corp of India:

Motilal Oswal maintains its ‘Buy’ rating on this logistics company with a target price of Rs 980, a 31.5% upside. The company’s domestic volumes rose 12% in FY25, supported by its entry into new commodity segments. For FY26, it targets 13% overall volume growth (including 20% domestic), helped by high-margin segments and faster cargo movement through the dedicated freight corridor (DFC) — a rail line built exclusively for goods.

Analysts Alok Deora and Saurabh Dugar note that the Dadri–Mundra rail freight route, operational since May 2023, has already shifted a significant share of cargo from road to rail. With the full DFC set to be operational by FY26, more cargo from northern India is likely to shift toward the Jawaharlal Nehru Port Trust (JNPT), benefiting Container Corp due to its strong presence at the port.

Container Corp holds a strong market position, with around 58% share at JNPT and 56% across India as of March 2025. In FY25, the company invested Rs 810 crore, and plans to increase capex to Rs 860 crore in FY26. The funds will be used to expand its container and rake fleet, develop new terminals, and upgrade IT systems.

Deora and Dugar project a 10% CAGR in volumes and expect EBITDA margins to remain healthy at 23–24% over FY26–27.

2. Axis Bank:

Emkay reiterates its ‘Buy’ rating on this bank with a target price of Rs 1,400, a 14.6% upside. The bank’s management sees the RBI’s policy stance as supportive of credit growth but believes it is still too early to revise system-wide loan growth estimates. However, they expect Axis Bank’s credit growth to be 300–400 bps higher than the industry average.

Analysts Anand Dama, Nikhil Vaishnav, and Kunaal N note that the recent sharp cut in the RBI’s repo rate could put pressure on bank margins in H1FY26, especially in Q2. However, as deposit rates adjust downward, some of this pressure may ease in the second half. Axis Bank expects its net interest margin (NIM) to settle around 3.8% in the medium term, down from 4% in FY25.

The bank has no plans to introduce any new policy changes that might affect its non-performing assets or loan loss provisions (LLP). Dama, Vaishnav, and Kunaal believe the LLP has largely peaked and is unlikely to increase further.

3. Happy Forgings:

ICICI Securities initiates coverage on this forging company with a ‘Buy’ rating and a target price of Rs 1,150, an upside of 18.6%. Over FY20–25, the company’s revenue from commercial vehicles (CV) and farm equipment (FES) segments grew at a CAGR of 15% and 17%, respectively, outpacing the industry by a wide margin. This was driven by a broader product portfolio, the addition of new customers, and higher wallet share from existing clients.

Analysts Ronak Mehta, Vivek Kumar and Vishakha Maliwal expect CV volumes to grow at 4–5% over FY26–27, supported by the vehicle scrappage policy (a government initiative to remove old, polluting vehicles from roads).

Happy Forgings designs, manufactures, and supplies forged and machined parts that are essential for safety in automotive and other industries. In FY25, it secured new orders worth Rs 250 crore. As of March 2025, its order book stood at around Rs 650 crore, to be executed over the next 2–3 years. The company also expects to receive about Rs 300 crore in new orders over the next 12–24 months, mainly from the passenger vehicle (PV) and industrial export segments.

The company is expected to maintain high capex in the near term as it expands its forging and machining capacity by adding new 10,000-tonne, 3,000-tonne, and 4,000-tonne forging presses. HFL recently announced a capex of Rs 650 crore for heavy forging expansion, while analysts estimate total capex to reach Rs 850 crore over FY26–28.

4. Privi Speciality Chemicals (PSCL):

Ventura initiates a ‘Buy’ rating on this speciality chemicals company with a target price of Rs 3,253, implying a 42.8% upside. In FY25, revenue rose 19.9% to Rs 2,101 crore, while net profit nearly doubled to Rs 187 crore, driven by higher demand from Europe and North America and new product launches.

The management has planned an investment of Rs 1,100 crore by FY28 to increase its aroma chemicals production capacity to 54,000 million tonnes per annum (MTPA) from 48,000 MTPA. The company is also investing in backward integration, such as the procurement of raw materials and the generation of green energy, to lower power costs and increase efficiency. Analysts expect this to improve return on equity by 120 bps to 18.1% by FY28.

Analysts believe PSCL’s focus on improving its supply chain and expanding its distributor base in EMEA (Europe, Middle East, and Africa) by introducing new speciality aroma molecule products will help expand internationally. They expect revenue to grow at a CAGR of 19.5% over FY26–28, driven by capacity expansion, changing consumer trends, and growth in the value-added segment.

5. Lloyds Metals & Energy:

Axis Securities initiates a ‘Buy’ rating on this mining company with a target price of Rs 1,670, implying a 9.4% upside. Analysts Aditya Welekar and Darsh Solanki highlight the company's long-term mining rights at the Surjagarh mining complex till 2057 with 157 million tonnes of hematite ore. They expect this will support volume-driven revenue growth and provide raw material security over the long term.

The company plans to invest Rs 32,700 crore over the next 5–6 years to expand its infrastructure. This includes two 85 km and 190 km slurry pipelines for transporting ore to its steel plants, a 1.2 million tonnes per annum (MTPA) wire rod mill, and a 12 MTPA pellet plant at Konsari, Maharashtra.

Analysts note that Lloyds Metals does not pay auction premiums to the government, as it holds a mining lease under pre-2015 regulations. Peers with post-2015 leases pay an average 110% premium over the notified price. Analysts believe this gives Lloyds a cost advantage and greater pricing flexibility during down cycles.

In FY25, the company’s revenue rose 3% to Rs 6,721.4 crore, while net profit increased 16.6% to Rs 1,449 crore—both slightly below Forecaster estimates. During the year, Lloyds Metals acquired a 79.8% stake in Thriveni Earthmovers. Analysts believe this acquisition will help internalise mining operations and drive cost efficiency in FY26.

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

(You can find all analyst picks here)

 
T
Trendlyne Marketwatch
24 Jun 2025
Market closes higher, Bondada Engg bags a Rs 836 crore order in Tamil Nadu
By Trendlyne Analysis

Nifty 50 closed at 25,044.35 (72.5, 0.3%) , BSE Sensex closed at 82,055.11 (158.3, 0.2%) while the broader Nifty 500 closed at 23,113.20 (111.7, 0.5%). Market breadth is surging up. Of the 2,456 stocks traded today, 1,632 showed gains, and 773 showed losses.

Indian indices fell from their day highs amid reports of ceasefire violations between Iran and Israel. However, the benchmark Nifty 50 index managed to close in the green. The Indian volatility index, Nifty VIX, declined 3.7% and closed at 13.5 points. Vodafone Idea closed 5% higher as the government is reportedly exploring options to ease its Rs 84,000 crore adjusted gross revenue (AGR) dues.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the green, following the benchmark index. Nifty Alpha Quality Value Low-Volatility 30 and S&P BSE SME IPO were among the top index gainers today. According to Trendlyne’s Sector dashboard, Transportation emerged as the best-performing sector of the day, with a rise of 1.7%.

Asian indices closed higher, while European indices are trading in the green except Russia’s MOEX & RTSI indices. US index futures traded in the green indicating a positive start to the trading session. Federal Reserve Governor Michelle Bowman signaled a dovish shift, saying a rate cut should be considered at the July meeting if inflation and labor market conditions remain favorable. She added that Trump’s broad tariff plans would likely have only a temporary impact on US inflation.

  • Relative strength index (RSI) indicates that stocks like Aditya Birla Capital, DCM Shriram, Max Financial Services, and Bharat Electronics are in the overbought zone.

  • Capacit'e Infraprojects surges as it receives a letter on intent (LOI) worth Rs 621 crore from Saifee Burhani Upliftment Trust (SBUT). The order includes building structure work and completing internal works such as electrical, plumbing, and finishing for Sector 7 of the Saifee Burhani Upliftment Project in Bhendi Bazaar, Mumbai.

  • Astec Lifesciences surges as its board of directors approves a fundraising of up to Rs 250 crore through the rights issue of equity shares.

  • Bondada Engineering's stock rises sharply as it bags a letter of award (LoA) worth Rs 836 crore from Tamil Nadu Green Energy Corp (TNGECL) to set up 400 megawatt-hour (MWh) battery energy storage systems (BESS) in the state.

  • Nuvama maintains a 'Buy' rating on Jindal Steel & Power with a target price of Rs 1,193. The brokerage views the recent correction, caused by seasonal weakness, as a good buying opportunity. It expects EBITDA to nearly double by FY27, driven by new 4.6 mtpa blast furnace and 3 mtpa basic oxygen furnace (BoF) commissioning in FY26.

  • Delhivery rises sharply as it expands the capacity of its Chandigarh Gateway Hub by 30%. The expanded hub is equipped with a hub conveyor solution with a 4,000 throughput per hour capacity and a cross belt sorter (CBS) with a 12,000 throughput per hour capacity.

  • Bajaj Consumer Care surges as its board appoints Naveen Pandey as the new Managing Director (MD) for five years, succeeding Jaideep Nandi, effective July 1.

  • Motilal Oswal initiates coverage on Aditya Birla Lifestyle Brands with a 'Neutral' call and a target price of Rs 190 per share. This indicates a potential upside of 22.6%. The brokerage believes that the company's revenue and profitability will improve on the back of retail store additions in lifestyle brands, improvement in store productivity, scale-up of emerging brands, lower discounting, an improved channel mix, and operating leverage benefits. It expects the firm's revenue to grow at a CAGR of 10.2% over FY26-27.

  • Jitendra Kumar Agarwal, Joint MD of Genus Power Infrastructures, projects 18% margins for FY26 and expects a reduction in working capital days. He highlights a strong order book of Rs 30,110 crore as of March and anticipates Rs 45,000 crore in tenders to be finalized over the next 9 months. He sees a significant growth opportunity with 300 million smart meters due for replacement in India.

  • Vodafone Idea rises sharply as the government reportedly explores options to ease its Rs 84,000 crore adjusted gross revenue (AGR) dues. The reported options include extending repayment to 20 years or applying simple interest on the outstanding amount instead of compound interest.

  • Gland Pharma is rising as it receives an establishment inspection report (EIR) from the US FDA following a pre-approval inspection (PAI) for sterile APIs at its Visakhapatnam facility conducted in February 2025, marking the closure of the inspection.

  • Ugro Capital rises sharply as its board of directors appoints its Chief Risk Officer (CRO), Anuj Pandey, as the Chief Executive Officer (CEO), effective July 1.

  • Defence stocks like Cochin Shipyard and Hindustan Aeronautics fall sharply as easing West Asia tensions trigger profit booking. However, Vishnu Kant Upadhyay of Master Capital Services says the long-term outlook remains strong, backed by government plans to raise defence spending to 3–4% of GDP and target of Rs 25,000 crore in exports by FY26.

  • NTPC falls as 4.8 crore shares (0.9% stake) worth approximately Rs 1,547 crore reportedly change hands in a block deal.

  • Garware Technical Fibres is rising as it plans to acquire Norway's Offshore & Trawl Supply and Advanced Mooring Supply for NOK 122 million (approximately Rs 104.7 crore) through its wholly-owned subsidiary, Garware Technical Fibres UK. This acquisition aims to strengthen its premium synthetic rope and offshore wind energy business.

  • Enviro Infra Engineers secures engineering, procurement, and construction (EPC) order worth Rs 306.3 crore from Chhattisgarh municipal bodies to construct sewage treatment plants.

  • Brent crude oil prices drop over 4% to around $65 per barrel after reports of a ceasefire agreement announced by US President Donald Trump, with Israel reportedly agreeing. Meanwhile, Iran’s foreign minister denied any formal deal but stated Tehran would stop attacks if Israel ended its aggression.

  • Marathon Nextgen's board of directors approves raising Rs 900 crore via qualified institutional placement (QIP) for debt repayment and land acquisition.

  • HG Infra Engineering is rising as it emerging as the lowest bidder for a Rs 117.7 crore order from the Military Engineer Services for the development of an integrated material handling facility at the Naval Dockyard in Mumbai, Maharashtra.

  • Kolte-Patil Developers' board of directors approves a preferential issue of 1.3 crore equity shares worth Rs 417 crore to BREP Asia III India Holding Co VII at an issue price of Rs 329 per share.

  • Rajan Sethuraman, CEO of Latent View Analytics guides a revenue growth of over 18%-19% along with 23% margin in FY26. He expresses confidence in doubling Gen AI revenue by that time. ICICI Securities expects global analytics outsourcing market size to rise to $32 billion by 2030.

  • Dixon Technologies falls after promoter Sunil Vachani sells a 2.7% stake on Monday, worth approximately Rs 2,200 crore, in a block deal at an average price of Rs 13,301.4 per share.

  • Devyani International is rising as it signs an agreement to raise its stake in Sky Gate Hospitality from 80.7% to 86.1% for Rs 106.3 crore.

  • Hindustan Construction Company's Chief Executive Officer & Managing Director, Jaspreet Bhullar, tenders his resignation, effective June 23.

  • Cochin Shipyard rises as its subsidiary, Hooghly Cochin Shipyard, bags an order reportedly worth Rs 100-250 crore from Heritage River Journeys to construct two luxury river cruise vessels.

  • Markets opened high. Nifty 50 was trading at 25,228.50 (256.6, 1.0%), BSE Sensex was trading at 82,534.61 (637.8, 0.8%) while the broader Nifty 500 was trading at 23,229.85 (228.4, 1.0%).

  • Market breadth is highly positive. Of the 1,978 stocks traded today, 1,721 were on the uptick, and 224 were down.

Riding High:

Largecap and midcap gainers today include Hyundai Motor India Ltd. (2,071.40, 3.6%), Ambuja Cements Ltd. (554.20, 3.5%) and Siemens Energy India Ltd. (2,706.40, 3.5%).

Downers:

Largecap and midcap losers today include Oil India Ltd. (445.85, -5.6%), Linde India Ltd. (6,562.50, -4.4%) and Oil And Natural Gas Corporation Ltd. (243.92, -3.0%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included JM Financial Ltd. (150.29, 7.8%), Usha Martin Ltd. (332.05, 7.1%) and Titagarh Rail Systems Ltd. (922.85, 5.4%).

Top high volume losers on BSE were KPIT Technologies Ltd. (1,306.10, -6.1%) and NTPC Ltd. (329.95, -0.8%).

Swan Energy Ltd. (445.70, 4.5%) was trading at 13.0 times of weekly average. Garware Technical Fibres Ltd. (906, 5.2%) and Timken India Ltd. (3,387.50, 4.3%) were trading with volumes 9.9 and 6.9 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 - Bharat Electronics Ltd. (418.50, -0.6%), Bharti Airtel Ltd. (1,933.60, -0.1%) and L&T Finance Ltd. (200.06, 3.5%).

47 stocks climbed above their 200 day SMA including Kajaria Ceramics Ltd. (1,105.30, 4.9%) and Ambuja Cements Ltd. (554.20, 3.5%). 10 stocks slipped below their 200 SMA including Oil India Ltd. (445.85, -5.6%) and Linde India Ltd. (6,562.50, -4.4%).

 
T
Trendlyne Marketwatch
23 Jun 2025
Market closes lower, ideaForge bags a Rs 137 crore order from MoD to supply mini UAVs
By Trendlyne Analysis

Nifty 50 closed at 24,971.90 (-140.5, -0.6%), BSE Sensex closed at 81,896.79 (-511.4, -0.6%) while the broader Nifty 500 closed at 23,001.50 (-39.6, -0.2%). Market breadth is in the red. Of the 2,476 stocks traded today, 1,129 were on the uptick, and 1,300 were down.

Indian indices closed lower amid US airstrikes on Iran’s Fordow, Natanz, and Isfahan nuclear sites over the weekend. The Indian volatility index, Nifty VIX, rose 2.7% and closed at 14 points. India’s Composite Purchasing Managers’ Index (PMI) rose to a 14-month high of 61 in June from 59.3 in May, driven by strong demand and record exports.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. Nifty Media and Nifty India Defence Indices were among the top index gainers today. According to Trendlyne’s sector dashboard, Media emerged as the top-performing sector of the day, with a rise of 2.1%.

Asian indices closed mixed. European indices are trading lower, except for Netherlands’ AEX, which is trading higher. US index futures are trading higher or flat, as investors assess the impact of US strikes on Iranian nuclear sites. Brent crude futures are trading higher amid concerns over potential supply disruptions through the Strait of Hormuz following the US strike on Iran.

  • Money flow index (MFI) indicates that stocks like Muthoot Finance, Authum Investment, AU Small Finance Bank, and DCM Shriram are in the overbought zone.

  • GAIL (India) rises as its board approves an investment of Rs 844 crore to expand pipeline capacity. The company plans to add 2.5 million metric standard cubic meters per day (MMSCMD) to its existing 19.9 MMSCMD capacity over three years.

  • Waaree Renewable Technologies is rising as it signs a memorandum of understanding (MoU) with Viet Khanh Joint Stock Company to develop a 100 MWp ground-mounted solar power project.

  • ideaForge Technology surges to its 10% upper limit as it receives an order worth Rs 137 crore from the Ministry of Defence to supply mini unmanned aerial vehicles (UAVs) with accessories.

  • Macquarie holds a positive outlook on India’s metal sector, citing strong domestic demand and supportive government policies. The brokerage notes the stable and elevated trend in steel prices and sees the 12% import safeguard duty as a key protective measure that enables Indian steel to maintain a premium over imports. Macquarie names JSW Steel as its top pick, viewing it as best positioned to capitalize on India’s growing steel consumption.

  • NBCC (India) is rising as it receives an order worth Rs 296.5 crore from Meerut Development Authority (MDA) to redevelop projects in Meerut, Uttar Pradesh.

  • Sharekhan retains its 'Buy' call on Trent with a higher target price of Rs 6.781 per share. This indicates a potential upside of 12.6%. The brokerage believes that the company's focus on improving its product portfolio, 100% contribution from its brands, store expansion, scaling up the Star business and leveraging digital presence will be key growth drivers in the medium term. It expects the firm's revenue to grow at a CAGR of 26.3% over FY26-27.

  • Embassy Developments signs a joint development agreement for a 17.9-acre land parcel in Whitefield, Bengaluru, to develop a residential project with a gross development value of Rs 1,600 crore.

  • Shipping Corporation of India rises by 3.5%, driven by speculative bets on higher freight rates amid Strait of Hormuz risks. The Baltic Dry Index (BDI), a key indicator of shipping rates, has shown volatility, dropping 13.5% last week, indicating mixed signals for sustained gains.

  • Hero MotoCorp, TVS Motor Company, and Mahindra & Mahindra fall as the government proposes making anti-lock braking system (ABS) mandatory for all new two-wheelers from January 1, 2026. Nomura expects a 2–4% demand hit due to higher vehicle costs from the regulation.

  • Union Bank of India's board of directors schedules a meeting on June 25 to consider and approve a plan to raise capital through a public issue, including further public offer, rights issue, or private placement.

  • Zee Entertainment rises sharply as it projects a breakeven in its digital business, Zee5, in FY26. This comes after an EBITDA loss of Rs 548 crore in FY25. The company targets an operating margin between 18% and 20%, compared to 14.6% in FY25.

  • Jefferies names Bharti Airtel as its top telecom sector pick, setting a target price of Rs 2,370. The brokerage anticipates strong mid-teen revenue growth and emphasizes a structurally declining capex trend. However, it also cautions about potential risks, including a lack of tariff hikes, higher-than-expected capital spending, weaker 5G monetization, and possible market share losses.

  • Northern Arc Capital rises sharply as Madhusudan Kela buys 10 lakh shares worth Rs 20 crore in a block deal on Friday.

  • HG Infra Engineering receives a letter of intent (LoI) from PFC Consulting to set up an interstate transmission system for the Eastern Region Generation Scheme–I (ERGS-I) in Odisha.

  • Jana Small Finance Bank is rising as the Reserve Bank of India (RBI) reduces priority sector lending (PSL) requirements from 75% to 60%. Priority sector in small finance banks includes lending to sectors like agriculture, Micro, Small and Medium Enterprises (MSMEs), and weaker sections.

  • Union Minister Hardeep Singh Puri addresses concerns over potential oil supply disruptions from the Israel-Iran conflict, highlighting India’s reduced dependence on the Strait of Hormuz. He notes that over 4 million of India’s 5.5 million daily crude imports now come from alternative sources like Russia, the US, and Brazil. Russian crude, which bypasses the Strait, makes up 38% of imports as of May 2025, up from less than 1% in early 2022.

  • Ola Electric falls as 2.4 crore shares (0.5% stake) worth approximately Rs 107 crore reportedly change hands in a block deal at an average price of Rs 44 per share.

  • Dr. Lal PathLabs and Metropolis Healthcare fall over 2.5% as Amazon launches home lab testing service, Amazon Diagnostics, across six cities.

  • NLC India secures a Letter of Award (LoA) from Tamil Nadu Green Energy Corporation (TNGECL) for developing three standalone battery energy storage system projects with a total capacity of 250 MW/500 MWh.

  • India's Composite PMI climbs to a 14-month high of 61 in June, up from 59.3 in May. The uptrend is driven by a sharp rise in private sector activity, supported by strong domestic and international demand, record export growth, and solid hiring momentum.

  • Bajel Projects secures an engineering, procurement, and construction (EPC) contract worth over Rs 400 crore from Power Grid Corporation of India for transmission line and substation bay extension works in Madhya Pradesh.

  • Granules India is falling as it receives Form 483 with one observation from the US FDA after an inspection at its active pharmaceutical ingredient (API) facility in Telangana.

  • Unichem Laboratories is falling as it receives Form 483 with three observations from the US FDA following an inspection at its API facility in Roha.

  • Bharat Electronics bags multiple orders worth Rs 585 crore to supply fire control & sighting systems for missiles, communication equipment, jammers, spares, and services, among others.

  • Market sinks in morning trading. Nifty 50 was trading at 24930 (-182.4, -0.7%) , BSE Sensex was trading at 81947.20 (-461.0, -0.6%) while the broader Nifty 500 was trading at 22888.65 (-152.5, -0.7%)

  • Market breadth is moving down. Of the 2050 stocks traded today, 413 were gainers and 1583 were losers.

Riding High:

Largecap and midcap gainers today include Linde India Ltd. (6,867, 5.3%), Polycab India Ltd. (6,289.50, 4.8%) and Trent Ltd. (6,120, 3.8%).

Downers:

Largecap and midcap losers today include Astral Ltd. (1,498.70, -3.8%), Siemens Ltd. (3,091.60, -3.8%) and United Spirits Ltd. (1,419.90, -2.7%).

Movers and Shakers

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

Top high volume gainers on BSE included Zee Entertainment Enterprises Ltd. (149.66, 12.5%), Chennai Petroleum Corporation Ltd. (702.35, 11.0%) and Supreme Petrochem Ltd. (867.20, 9.1%).

Top high volume losers on BSE were Ola Electric Mobility Ltd. (43.33, -6.0%), United Spirits Ltd. (1,419.90, -2.7%) and UCO Bank (29.23, -2.4%).

Mangalore Refinery And Petrochemicals Ltd. (145.74, 7.9%) was trading at 12.7 times of weekly average. Alkyl Amines Chemicals Ltd. (2,159.60, 4.5%) and Kirloskar Brothers Ltd. (1,922.60, 6.7%) were trading with volumes 6.4 and 5.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

9 stocks hit their 52 week highs, while 2 stocks hit their 52 week lows.

Stocks touching their year highs included - Bharat Electronics Ltd. (420.90, 3.1%), Bharti Airtel Ltd. (1,936.30, 0.0%) and Multi Commodity Exchange of India Ltd. (8,292, 2.6%).

Stocks making new 52 weeks lows included - Siemens Energy India Ltd. (2,615.80, -1.0%) and Ola Electric Mobility Ltd. (43.33, -6.0%).

27 stocks climbed above their 200 day SMA including Chennai Petroleum Corporation Ltd. (702.35, 11.0%) and Mangalore Refinery And Petrochemicals Ltd. (145.74, 7.9%). 19 stocks slipped below their 200 SMA including TVS Holdings Ltd. (10,655, -2.7%) and Bosch Ltd. (31,540, -2.3%).

 
logo
The Baseline
20 Jun 2025
Five Interesting Stocks Today - June 20, 2025
By Trendlyne Analysis

1. Schneider Electric Infrastructure:

This heavy electrical equipment manufacturer has risen by 8% in three sessions following Goldman Sachs’ upgrade to a ‘Buy’ rating from 'Sell' with a target of Rs 910 per share. The brokerage projects a strong 31% CAGR in order inflows between FY26-FY28, driven by rising power demand and the need to upgrade India’s distribution infrastructure. It also expects the company’s operating margins to improve by 110 bps to 39.6% by FY32. The report added “We revise the total addressable market upward to $14.5 billion by FY32, from an earlier $9 billion”

On June 11, Schneider Electric partnered with NVIDIA to develop infrastructure for AI applications. They are working on systems for power, cooling, and high-density racks aimed at making data centers more efficient. As part of the effort, they are setting up thirteen AI factories and five AI gigafactories (large-scale facilities) across Europe.

In FY25, the company’s net profit rose 56% to Rs 268 crore. Schneider turned profitable in FY22, with profit growing at a CAGR of 76.5% over FY22–25. Revenue increased 20% during the year, in line with Forecaster estimates. Its order inflows rose 13.4% to Rs 2,690 crore, helped by key wins in advanced transformers, smart switchgear, and solutions for utilities and renewable projects.

The company’s management has announced two major capex projects. It will invest nearly Rs 100 crore at the Vadodara plant to increase the switchgear panel capacity by 75% to 14,000 units by FY27. At the Kolkata plant, a new greenfield facility in Dankuni will receive about Rs 90 crore to expand breaker (electrical safety device) capacity from 5,000 to 45,000 units, also by FY27.

Suparna Bhattacharyya, CFO, commented on the expected gains from the capex, saying, “We are seeing good traction in orders that we want to execute. It will be a staggered but profitable increase, at least at the gross margin level. There may be some depreciation impact early on, but we’re optimistic about revenue growth from these (capex) lines.”

CEO & MD Udai Singh noted that while private sector capex announcements for FY26 are down 10–12%, falling inflation at 3.1% may help revive demand. He added that government schemes like the Rs 76,000 crore production-linked incentive (PLI) for digitalization, along with rising demand for data centers, could further support investment momentum.

2. BEML:

Thiscommercial vehicle manufacturer rose 2% on June 18, after its Chairman and Managing Director, Shantanu Roy,said the company expects to double its order book by the end of FY26. BEML is a state-owned company that builds vehicles and equipment for mining, defence, and metro rail. It also supplies coaches for various metro and rail projects in India.

The company endedFY25 with an order book of Rs 14,610 crore and aims to secure over Rs 14,000 crore in new orders in FY26, taking the total to nearly Rs 28,000 crore. The company expects railway, metro, defence, and aerospace segments to drive this growth. 

InFY25, BEML posted its highest-ever net profit of Rs 292.5 crore, up 3.8%, driven by the execution of high-margin orders in the metro and defence segments. However, revenue fell slightly by 0.8% to Rs 4,022.2 crore due to delays in executing metro and rail orders, especially in Q3. 

Regarding the slow order execution, Roysaid, ”The order execution that we were planning could not happen because of prototype clearance and a waiting period, which is generally 18 to 24 months for the first prototype.” The management plans to speed up execution in FY26 as key metro and Vande Bharat projects progress. It expects a 20% revenue increase in FY26, supported by a strong order pipeline.

Commenting on the future plans, Roysaid, “The next big thing we are working on is the high-speed train, the bullet train, which should be a game changer for the country. It's a collaborative effort of the Indian Railways, National Highspeed Rail Corporation, and BEML.” The company is developing a prototype for the Mumbai-Ahmedabad bullet train and aims to begin trials by December 2026.

BEML is alsobidding for the Rs 30,000-40,000 crore Vande Metro project in Mumbai, and plans to launch Vande Bharat Sleeper prototypes this year. On June 9, itsigned agreements with the Defence Research and Development Organisation (DRDO) to build three defence mobility platforms, including support systems for Arjun tanks.

Elara Securities hasreiterated its ‘Accumulate’ rating on BEML, citing strong order visibility, 20% revenue growth guidance for FY26, and robust metro and defence prospects, with a target price of Rs 4,860.

3. RHI Magnesita India:

This refractory producer surged over 3% on June 16 after Axis Securities reiterated its ‘Buy’ rating with a target price of Rs 550 over the next three to six months. The brokerage believes that RHI Magnesita is well-positioned to benefit from rising demand, thanks to its leadership in the Indian refractory market, where it holds a 30% share. India is currently the fastest-growing refractory market globally, with a projected 6-8% CAGR through FY30.

FY25 performance was slightly below expectations however, with annual revenue declining marginally, and missing Forecaster estimates by 1.6% due to heightened competition and rising input costs. Net profit came in 9% below estimates as EBITDA margins fell by 100 bps, weighed down by pressure on realisation rates, higher raw material prices, and increased employee expenses.

The company has earmarked Rs 150 crore in capex for FY26. According to CFO Azim Syed, a significant portion of this investment will go toward acquiring modern presses, which are expected to lower manpower costs once commissioned over the next 12 to 14 months. He also highlighted that net debt was reduced by 53%, ending FY25 at Rs 146 crore.

MD and CEO Pramod Sagar says, “Medium-term demand fundamentals remain intact, with domestic steel capacity poised to expand and infrastructure-led cement demand expected to recover in FY26.” RHI’s high-grade refractory products are used in high-temperature industrial processes of over 1,200°C across sectors like steel, cement, and glass. He also stated that the company is selectively raising prices to offset cost increases and expects EBITDA margins to reach 15% by Q2 FY26 from 13.7% currently.

While Axis Securities sees strong medium-term potential, it flags short-term risks such as elevated input costs and intensified competition. The brokerage projects a sales CAGR of 13% and net profit CAGR of 30% over FY26–27. The company appears in the screener of stocks where FIIs and mutual funds have increased their stake over the past quarter.

4. Siemens:

Thisheavy electrical equipment company rose 3% on June 17 after receiving a Rs 1,230 crore order from the National High-Speed Rail Corporation (NHSRCL). The order includes developing a signalling and telecommunication system for the Mumbai–Ahmedabad high-speed rail project.

Siemens operates in the industrial automation, mobility, and infrastructure sectors. In line with parent company Siemens AG’s restructuring plan, the Indian arm announced the demerger of its energy business (Siemens Energy) on May 14, 2024, to focus on power generation equipment, transmission systems, and renewable energy.

Sunil Mathur, MD and CEO,said, “The two businesses operate in very different markets and need different types of investment. The demerger allows both companies to focus on their core areas, use resources more efficiently, and helps us work towards doubling Siemens’ order book in five years.”

InQ2FY25 (In fiscal year of Oct to Sept), Siemens' revenue declined 2.5% YoY to Rs 4,259 crore, following weaker demand in its factory automation and industrial control systems business. Meanwhile, its order book rose 7.2% to Rs 41,460 crore. Mathursaid, “The industrial automation and mobility segments faced weak demand due to sluggish private capex, and fewer large projects were executed and billed, which impacted revenue and profitability.”

Siemens plans to invest Rs 1,100 crore over the next two to three years to expand its main businesses. It aims to increase export revenue share from 12% to 20% over the next three to five years.

Management is optimistic about the mobility segment in H2FY25. Mathursaid, “We expect stronger revenue and volume, driven by project deliveries of the 9,000 horsepower locomotive, and aim to scale production from 5 to 100 units annually by FY27.”

Prabhudas Lilladhermaintains an ‘Accumulate’ rating on Siemens with a target price of Rs 3,497. The brokerage expects large orders from Indian Railways, metro projects, and growth in public capital expenditure to drive long-term growth in the mobility and smart infrastructure segments. They believe the demerger of the energy business will help Siemens focus on core verticals and improve capital allocation.

5. Oil India (OIL):

This exploration & production company rose by 5.1% on June 12 as it signed a memorandum of understanding (MoU) with the Cochin Port Authority to establish a support base for offshore oil exploration in the Kerala-Konkan Basin. In a recent interview, India’s Minister of Petroleum and Natural Gas, Hardeep Singh Puri, highlighted key reforms in exploration policy. He pointed out that India has transitioned from a production-sharing to a revenue-sharing model. Puri believes that oil discoveries and regulatory simplification could drive a significant leap in the country's economic growth. He believes that India is on the brink of a ‘Guyana-sized’ oil discovery in the Andaman Sea.

The company reported a 1.1% rise in revenue with a net profit jump of 3.4% in FY25 due to growth in natural gas & pipeline transportation revenue. It marginally missed the Forecaster net profit estimate by 1.2%, led by a decline in crude oil segment revenue and high volatility in crude oil prices. The company appears in a screener of stocks with strong momentum.

Debojeet Hazarika - GM Finance at OIL, stated, “Our capex for FY25 was Rs 8,467 crore. Around 80% of the capex was allocated to upstream (finding and extracting), while the remaining went into midstream (transportation & storage) and downstream (refining & distribution). FY26 remains broadly similar, with an emphasis on exploration, development drilling, and strategic downstream growth. Additionally, a planned capex of Rs 9,133 crore has been earmarked for Numaligarh refinery in FY26.”

Avendus Spark has initiated a ‘Buy’ rating on OIL with a target price of Rs 630, citing strong production visibility and capacity expansion as key positives, despite recent corrections in oil prices. It highlights “high-octane growth at low valuation” with over 80% earnings growth potential in three years, which it considers a rarity in the sector. Growth is expected to be volume-driven, supported by a threefold increase in Numaligarh refinery capacity and steady upstream output.

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

 
T
Trendlyne Marketwatch
20 Jun 2025
Market closes higher, Hindustan Aeronautics bags an order worth Rs 500 crore from ISRO
By Trendlyne Analysis

Nifty 50 closed at 25,112.40 (319.2, 1.3%), BSE Sensex closed at 82,408.17 (1,046.3, 1.3%) while the broader Nifty 500 closed at 23,041.10 (277.6, 1.2%). Market breadth is in the green. Of the 2,448 stocks traded today, 1,561 showed gains, and 837 showed losses.

Indian indices closed higher after extending gains in the afternoon session, after the Reserve Bank of India (RBI) relaxed provisioning norms for project financing. The Indian volatility index, Nifty VIX, fell 4.1% and closed at 13.7 points. Nestle India closed in the green as its board of directors scheduled a meeting on June 26 to consider a proposal for issuing bonus shares.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, tracking the benchmark index. Nifty Capital Markets and S&P BSE IPO were among the best-performing indices of the day. According to Trendlyne’s sector dashboard, Telecom Services emerged as the best-performing sector of the day, with a rise of 3.2%.

European indices are trading in the green, except Russia’s RTSI and MOEX indices, which are trading 0.3% lower each. Major Asian indices closed mixed. US index futures are trading lower, indicating a cautious start to the session as investors await President Trump’s decision on involvement in the Middle Eastern war.

  • Relative strength index (RSI) indicates that stocks like Aditya Birla Capital, Muthoot Finance, DCM Shriram, and Gillette are in the overbought zone.

  • Bansal Wire Industries rises after Anand Rathi initiates coverage with a 'Buy' rating and a target price of Rs 550. The brokerage highlights the company’s plan to expand capacity 2.5X to 6.8 lakh tonnes, potentially surpassing Tata Steel’s 7–8% market share in steel wiring. It also projects a 24% sales volume growth over FY26–27, driven by capex, backward integration of raw materials, and a diversified customer base.

  • Hindustan Aeronautics secures an order worth Rs 500 crore to manufacture Small Satellite Launch Vehicles (SSLVs) for the Indian Space Research Organisation (ISRO).

  • Privi Speciality Chemicals is falling as its promoters sell a 4.1% stake for Rs 329.9 crore through an open market transaction in the price range of Rs 2,055-2,087.7 per share. After this sale, the promoter's stake decreases to 70% from 74.1%.

  • Raamdeo Agarwal, Co-founder and Chairman of Motilal Oswal Financial Services, states that the Indian market could witness 1,000 IPOs over the next five years.

  • United Spirits announces acquisition of NAO Spirits & Beverages for Rs 130 crore. NAO, maker of premium Indian craft gin brands Greater Than and Hapusa, strengthens United Spirits’ presence in the craft gin market.

  • Dilip Buildcon is rising as it receives an order worth Rs 1,341 crore from Konkan Railway Corporation to build a twin-tube tunnel and a four-lane approach road in Kerala's Kozhikode and Wayanad districts.

  • Northern Arc Capital falls as 2.2 crore shares (13.8% stake) worth approximately Rs 440 crore reportedly change hands in a block deal at an average price of Rs 197 per share.

  • The European Union's new sanctions proposed on carbon tax on imports of Russian crude oil will impact India's $63 billion petroleum product exports. Analysts believe this will affect Reliance Industries, which accounts for 89% of crude oil exports, of which 60% are procured from Russia.

  • Sun TV Network plunges after reports of a family dispute. Chairman Kalanithi Maran has received a legal notice from his brother, Dayanidhi Maran, who is also a Member of Parliament. The notice accuses Kalanithi of fraudulent practices and mismanagement in taking control of Sun TV following their father, Murasoli Maran's death in 2003.

  • India Pesticides is rising as the government imposes a five-year anti-dumping duty on Pretilachlor imports from China. Pretilachlor is a herbicide widely used in rice and paddy farming.

  • Nestle India is rising as its board of directors schedules a meeting on June 26 to consider a proposal for issuing bonus shares.

  • HDB Financial Services, a subsidiary of HDFC Bank, sets a price band of Rs 700-740 per share for its Rs 12,500 crore IPO.

  • Oswal Pumps’ shares debut on the bourses at a 3.3% premium to the issue price of Rs 614. The Rs 1,387.3 crore IPO received bids for 34.4 times the total shares on offer.

  • UNO Minda is rising as its board approves a capital expenditure of Rs 210 crore to set up a greenfield aluminium die-casting facility in Sambhaji Nagar (Aurangabad), Maharashtra. This expansion aims to meet the rising demand for casting components, especially electric two-wheelers and four-wheelers.

  • Kaynes Technology's board of directors approves a Rs 1,600 crore qualified institutional placement (QIP) of equity shares at a floor price of Rs 5,625.7 per share.

  • IREDA, HUDCO, and REC rise sharply as the Reserve Bank of India (RBI) lowers the standard asset provisioning requirement for under-construction infrastructure projects from 5% to 1%.

  • Suzlon bags a 170.1 MW wind turbine order from AMPIN Energy. The company will supply 54 S144 wind turbine generators with Hybrid Lattice Towers, each with a rated capacity of 3.15 MW, and commission the project.

  • Infibeam Avenues is rising as its board of directors sets June 26 as the record date for its Rs 700 crore rights issue.

  • GMM Pfaudler's subsidiary, Pfaudler Normag Systems, secures a Rs 330 crore contract from a European customer to design and supply acid recovery equipment and systems.

  • Jefferies downgrades Delhivery to an 'Underperform' rating with a lower target price of Rs 315 per share. This indicates a potential downside of 10.7%. The brokerage believes Meesho's insourcing will pressure its third-party logistics express parcel (EP) business. It expects the firm's EP business volume to grow at a CAGR of 10% over FY25-30.

  • Sai Life Sciences falls as 2 crore shares (10% stake) worth approximately Rs 851 crore reportedly change hands in a block deal at an average price of Rs 710 per share. Private equity firm TPG Asia is likely the seller in the transaction.

  • ITD Cementation bags orders worth Rs 960 crore for project works at Trivandrum International Airport in Kerala and the construction of a multi-storey commercial building in Kolkata.

  • Container Corporation of India's board of directors sets July 4 as the record date for its 1:4 bonus share issue. The shareholders will receive one new fully paid equity share of Rs 5 each for every four existing equity shares.

  • Natco Pharma receives Form 483 with seven observations from the US FDA following an inspection at its Pharma Division located in Kothur, Hyderabad.

  • Nifty 50 was trading at 24,875.50 (82.3, 0.3%), BSE Sensex was trading at 81,354.85 (-7.0, 0.0%) while the broader Nifty 500 was trading at 22,835.80 (72.3, 0.3%).

  • Market breadth is in the green. Of the 1,918 stocks traded today, 1,079 were on the uptick, and 772 were down.

Riding High:

Largecap and midcap gainers today include Power Finance Corporation Ltd. (409.05, 4.8%), Max Healthcare Institute Ltd. (1,213.80, 4.4%) and Macrotech Developers Ltd. (1,483.20, 4.1%).

Downers:

Largecap and midcap losers today include Siemens Energy India Ltd. (2,640.80, -3.4%), Thermax Ltd. (3,423.10, -3.2%) and Linde India Ltd. (6,522.50, -3.1%).

Volume Rockets

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

Top high volume gainers on BSE included BEML Ltd. (4,639.50, 8.2%), Endurance Technologies Ltd. (2,576, 6.7%) and KFIN Technologies Ltd. (1,272.50, 6.2%).

Top high volume losers on BSE were Concord Biotech Ltd. (1,837.30, -6.9%), Intellect Design Arena Ltd. (1,077.80, -5.6%) and India Cements Ltd. (306.15, -4.2%).

Ratnamani Metals & Tubes Ltd. (2,834, 0.1%) was trading at 21.0 times of weekly average. Nestle India Ltd. (2,360.40, 1.8%) and Shree Cements Ltd. (28,875, -1.5%) were trading with volumes 20.2 and 18.1 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, while 2 stocks hit their 52 week lows.

Stocks touching their year highs included - Bharat Electronics Ltd. (408.25, 2.4%), Bharti Airtel Ltd. (1,936.70, 3.2%) and Multi Commodity Exchange of India Ltd. (8,085, 4.1%).

Stocks making new 52 weeks lows included - Easy Trip Planners Ltd. (10.50, 0.2%) and Siemens Energy India Ltd. (2,640.80, -3.4%).

25 stocks climbed above their 200 day SMA including J B Chemicals & Pharmaceuticals Ltd. (1,772.60, 6.0%) and Housing and Urban Development Corporation Ltd. (227.15, 4.4%). 25 stocks slipped below their 200 SMA including Concord Biotech Ltd. (1,837.30, -6.9%) and Cera Sanitaryware Ltd. (6,604, -3.8%).

 
T
Trendlyne Marketwatch
19 Jun 2025
Market closes flat, Ashoka Buildcon wins a Rs 584 crore road project in Guyana
By Trendlyne Analysis

Nifty 50 closed at 24,793.25 (-18.8, -0.1%), BSE Sensex closed at 81,361.87 (-82.8, -0.1%) while the broader Nifty 500 closed at 22,763.50 (-161.7, -0.7%). Market breadth is sharply down. Of the 2,451 stocks traded today, 422 showed gains, and 1,997 showed losses.

Indian indices closed flat after switching between losses and gains throughout the day. The Indian volatility index, Nifty VIX, fell 0.6% and closed at 14.1 points. ESAF Small Finance Bank closed 4.2% higher as its board of directors approved the sale of a portfolio consisting of non-performing assets (NPA) and written-off loans, totalling Rs 735.2 crore.

Nifty Smallcap 100 and Nifty Midcap 100 closed lower. S&P BSE SME IPO and Nifty High Beta 50 Indices 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 2.5%.

Asian indices closed mixed. European indices are trading lower, except for Portugal’s PSI, which is trading higher. US index futures are trading lower, indicating investor cautiousness after the Federal Reserve keeps the policy rate unchanged at 4.25-4.5%.

  • KPIT Technologies sees a short buildup in its June 26 futures series, with open interest increasing by 17% and a put-call ratio of 0.6.

  • Axis Direct retains its 'Buy' call on Lloyds Metals & Energy with a target price of Rs 1,670 per share. This indicates a potential upside of 13.4%. The brokerage remains positive on the stock's growth outlook, driven by its focus on scaling of mining & manufacturing capacities, improving share of value added products, and lower royalty on allocated mines. It expects the firm's revenue to grow at a CAGR of 74% over FY26-27.

  • Tata Technologies announces its selection as a strategic supplier by Volvo Cars. The collaboration aims to support product engineering, vehicle systems, embedded software, and product lifecycle management (PLM) solutions across Volvo’s global operations.

  • Ashoka Buildcon receives a Letter of Acceptance worth $67.3 million (approximately Rs 584 crore) from the Government of Guyana's Public Works Department for the East Bank–East Coast Road Linkage Project.

  • S&P Global Ratings says new RBI rules will push gold loan lenders to revise lending practices, likely raising initial costs. Non-bank lenders with large gold loan portfolios, especially specialists like Muthoot Finance and Manappuram Finance, are expected to face the most significant impact from stricter cash flow assessments and loan-to-value monitoring.

  • Sharekhan maintains its 'Buy' call on Bharat Electronics with a higher target price of Rs 445 per share. This indicates a potential upside of 12.6%. The brokerage believes that the Indian Government's 'Make in India' and 'Atmanirbhar Bharat' initiatives in defence will help the company drive revenue growth. It expects the firm's revenue to grow at a CAGR of 16.8% over FY26-27.

  • Ashish Kacholia acquires 6.2 lakh shares (6.7% stake) in Cosmic CRF, raising his total holding to 18.4%.

  • MTAR Technologies signs a 10-year contract with Weatherford Products GMBH to supply Whipstock assemblies and other critical components. It expects to execute orders worth Rs 10 crore in FY26 and around Rs 90 crore annually from FY27 onwards. The orders will be fulfilled at a new facility in Adibatla, set to be operational by June 2026.

  • Indosolar gets relisted under the management of Waaree Energies after receiving approvals from BSE and NSE. The company was acquired by Waaree through insolvency proceedings initiated in October 2018 under the Insolvency and Bankruptcy Code, 2016, due to significant financial losses. Following the acquisition, Indosolar reported a net profit of Rs 55 crore in FY25.

  • Seamec enters an agreement with Mubarak Bridge Maritime FZCO, Dubai for the supply of air diving equipment for its vessel, SEAMEC-III.

  • KPI Green Energy’s subsidiary, Sun Drops Energia, receives orders from multiple clients to set up 36.9 MW solar power projects under the Captive Power Producer (CPP) segment.

  • Jio Financial Services (JFSL) acquires State Bank of India's (SBI) entire 17.8% stake in Jio Payments Bank for Rs 104.5 crore. With this, Jio Payments Bank becomes a wholly-owned subsidiary of JFSL.

  • HSBC retains a 'Buy' rating on Biocon with a lower target price of Rs 390. The brokerage highlights Biocon’s Rs 4,500 crore QIP aimed at reducing debt. HSBC notes that while a successful raise would ease the debt burden, scaling up new biosimilars remains crucial. FDA approval and the US launch of insulin aspart are key catalysts.

  • ESAF Small Finance Bank surges as its board of directors approves the sale of a portfolio consisting of non-performing assets (NPA) and written-off loans, totalling Rs 735.2 crore. This portfolio includes Rs 362.4 crore in NPAs and Rs 372.8 crore in written-off loans, and it will be sold to an asset reconstruction company.

  • IIFL Capital initiates coverage on Swiggy with a 'Buy' rating and a target price of Rs 535. The brokerage cites improving execution, strong positioning in food delivery, and underappreciated potential in quick commerce as key near-term drivers for the company. It expects the company's revenue to grow at a CAGR of 28% over FY26–28.

  • Siemens Energy shares begins trading today at 14% above the discovery price of Rs 2,478. The company was spun off from Siemens Ltd on March 25, 2025. Each shareholder received one Siemens Energy India share for every Siemens Ltd share they owned.

  • India’s IT sector shows mixed signals as the Nifty IT index rises nearly 6% in 11 sessions. Due to this rally, valuations stay high, prompting analyst caution. Morgan Stanley remains wary but notes a slightly improved growth outlook. CLSA highlights strong BFSI demand and expects robust order bookings after positive commentary regarding the deal pipeline this quarter.

  • R Systems International rises as Coforge reportedly plans to acquire a significant stake in the company.

  • Marksans Pharma is rising as its subsidiary, Relonchem, receives marketing approval for Oxybutynin hydrochloride oral solution from the UK Medicines & Healthcare Products Regulatory Agency (UK MHRA). The drug is used to treat an overactive bladder.

  • Sky Gold falls as promoters sell a 4.7% stake on Wednesday worth approximately Rs 244 crore in a block deal at an average price of Rs 348.6 per share.

  • Krishana Phoschem hits a new 52-week high of Rs 530 after its board approves the setup of a 500-tonne-per-day (TPD) Di-Ammonium Phosphate (DAP) and Nitrogen, Phosphorus, and Potassium (NPK) fertilizer plant, along with a 300 TPD sulphuric acid unit in Meghnagar, Madhya Pradesh.

  • Inventurus Knowledge Solutions (IKS) falls as 30 lakh shares (1.7% stake) worth approximately Rs 499 crore reportedly change hands in a block deal at an average price of Rs 1,659 per share.

  • Medplus Health Services' subsidiary, Optival Health Solutions, receives four drug license suspension orders for stores located in Bangalore.

  • Puravankara rises sharply as its wholly-owned subsidiary, Starworth Infrastructure & Construction, receives an order worth Rs 272 crore from TRU Dwellings to build a residential apartment project in Varthur, Bengaluru.

  • Zydus Lifesciences receives Form 483 with two observations from the US FDA after a good manufacturing practices (GMP) inspection at its oncology injectable facility in Ahmedabad.

  • Nifty 50 was trading at 24,756.20 (-55.9, -0.2%), BSE Sensex was trading at 81,300.64 (-144.0, -0.2%) while the broader Nifty 500 was trading at 22,888.35 (-36.9, -0.2%).

  • Market breadth is in the red. Of the 1,944 stocks traded today, 806 were on the uptrend, and 1,072 went down.

Riding High:

Largecap and midcap gainers today include Tata Consumer Products Ltd. (1,088.30, 2.2%), Biocon Ltd. (348.60, 1.9%) and Eicher Motors Ltd. (5,493.50, 1.9%).

Downers:

Largecap and midcap losers today include JSW Energy Ltd. (480.55, -4.7%), Varun Beverages Ltd. (448.65, -4.4%) and Adani Total Gas Ltd. (622.60, -4.4%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Aegis Logistics Ltd. (800.85, 3.4%), Tata Consumer Products Ltd. (1,088.30, 2.2%) and Ramkrishna Forgings Ltd. (638.50, 1.1%).

Top high volume losers on BSE were Minda Corporation Ltd. (510.75, -5.1%), Cyient Ltd. (1,289.20, -5.0%) and Asahi India Glass Ltd. (738.45, -4.3%).

Equitas Small Finance Bank Ltd. (64.22, -3.1%) was trading at 3.9 times of weekly average. Poly Medicure Ltd. (2,052, -3.9%) and Sapphire Foods India Ltd. (324.50, -0.5%) were trading with volumes 3.6 and 3.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

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

Stocks touching their year highs included - Muthoot Finance Ltd. (2,629.90, -0.2%), Au Small Finance Bank Ltd. (789.05, -0.7%) and Authum Investment & Infrastructure Ltd. (2,549.80, 0.3%).

Stock making new 52 weeks lows included - Easy Trip Planners Ltd. (10.48, -2.0%).

9 stocks climbed above their 200 day SMA including Aegis Logistics Ltd. (800.85, 3.4%) and Biocon Ltd. (348.60, 1.9%). 45 stocks slipped below their 200 SMA including Minda Corporation Ltd. (510.75, -5.1%) and MMTC Ltd. (66.55, -4.1%).

 
logo
The Baseline
19 Jun 2025
Winners and losers of 2025 in global indices | Screener: Nifty outperformers (so far) this year
By Tejas MD

No one wants the news to be too interesting. But that's what has happened in 2025. After Trump's tariffs came the India-Pakistan conflict, and now it's the Iran-Israel war. It’s been a year where one should ask: "Who needs Netflix?" Just refresh the news page.

Everyone praises the patient, long-term investor. And sure, patience may be a virtue, but these days it’s being tested everyday. 

How are the world’s major indices holding up in the storm? Trendlyne’s global indices dashboard has the answers, and we take a closer look.  

In this week’s Analyticks,

  • Markets versus global shocks: A performance check of global indices
  • Screener: Stocks beating the Nifty 50 and their sectors over the past quarter and year

Global indices: 2025's winners and losers

Only three major indices have posted gains so far in 2025: Hong Kong’s Hang Seng Index, followed by Germany’s DAX and the UK’s FTSE 100. 

The Taiwan Weighted Index, 2024’s top performer, has tumbled to the bottom, hit by a cooling AI-tech boom and worries over US tariffs targeting semiconductors.

Only Hang Seng and DAX post double-digit gains in the past six months

Nifty 500 and Nasdaq 100 bounced back with double-digit gains over the past quarter. But despite the recent recovery, both indices have been flat overall in 2025 due to a weak start to the year.

India’s Nifty 500 is the top performer over five years, with the Nasdaq 100 in the second spot. The Hang Seng, FTSE 100, and Shanghai Composite lag over the same time period.

Despite continued global upheaval, indices recovered in the past quarter. The top stock gainers in the respective indices indicate that tech was the top performer for the US, while energy, pharma, and industrials won elsewhere. 

Top-performing stocks across global indices in the past quarter

Palantir Tech, a major US tech player in defence, national security and healthcare, was the top S&P 500 performer in 2024 and has extended its momentum in 2025.

Garden Reach Shipbuilders is the Nifty 500’s best performer in the past quarter. This aerospace and defence company is rising after strong Q4 results. 

Rising oil prices keep central bankers on their toes

Most central banks started easing rates last year, after rate hikes to tackle record inflation in 2022. The Reserve Bank of India (RBI) initially held back but joined the rate-cutting cycle in 2025.


RBI and ECB cut rates in 2025; US Fed hits pause

Under the new RBI Governor Sanjay Malhotra, who took office in December, the central bank has moved quickly to boost growth, and has cut rates by a whole percentage point.

The US Fed, in contrast, has been more cautious in 2025, holding rates steady amid the uncertainty around Trump tariffs. Analysts project two rate cuts of 25 basis points this year, with the first likely in September. But this is far from guaranteed.

Now, the Israel–Iran conflict has oil prices surging. Brent crude jumped 10–13% since the first attack by Israel, briefly hitting $78 per barrel. Any instability in the Strait of Hormuz—which Iran controls, and which handles around 20% of global crude oil shipments—could send energy prices past $100, complicating central banks' efforts to reduce inflation.

According to the Fed’s model, a $10 increase in oil prices is expected to increase US inflation by 0.4% and lower GDP by 0.4%.

What’s driving equity markets in India and the US?

The Nifty 50 has recovered in the past quarter, hovering around the 25,000 mark again, thanks to better-than-expected Q4 results. Sectors like general industrials, realty, transportation, and commercial services and supplies stole the spotlight.

General Industrials emerges as the star sector in the past quarter

The top four contributors in the general industrials sector are from the defence industry: Hindustan Aeronautics, Bharat Electronics, Solar Industries, and Bharat Dynamics. As the Indian government focused on national security, it boosted spending on domestic defence equipment and product manufacturing.

Real estate stocks rallied in the last quarter, led by DLF, as Indians aspired to luxury apartments that come with fancy flooring, big balconies, and giant gyms that will be rarely used. Analysts point to easing interest rates as a key driver for rising home purchases.

Transportation stocks jumped on falling crude oil prices, though the recent spike in oil may pose risks ahead. Meanwhile, commercial services and supplies continued their upward trend, emerging as one of the top-performing sectors over the past year.

Commercial services and consumer durables are the star segments in the US

In the past quarter, strong consumer demand, falling interest rates, and solid earnings from retail giants have boosted commercial services and consumer durables in the US.

Visa and Mastercard led gains in commercial services, helped by rising digital transactions and strong financials. In consumer durables, lower borrowing costs and a retail recovery drove demand.

Commercial services & supplies: Top-performing sector in the past quarter

In hardware tech, Nvidia and Broadcom jumped on AI and hardware momentum, while Tesla lifted the auto sector with strong deliveries and renewed investor confidence, after Elon Musk departed from the US government and cut down on his late-night posting on X.

Screener: Stocks outperforming the Nifty 50 and their sectors over the past quarter and year

Banking, general industrials rise the most in the past quarter and year

With global markets in turmoil after the rising tensions between Iran and Israel, we look at stocks that have outperformed the benchmark Nifty 50 index and their sectors. This screener shows stocks that have outperformed the Nifty 50 and their respective sectors over the past year and quarter. 

The screener is dominated by stocks from the banking & finance, general industrials, software & services, realty, and pharmaceuticals & biotechnology sectors. Major stocks in the screener are Garden Reach Shipbuilders & Engineers, BSE, Intellect Design Arena, Valor Estate, Reliance Power, Authum Investment, Multi Commodity Exchange, and GE Vernova T&D India. 

Garden Reach Shipbuilders & Engineers’ stock price has surged 143.3% and 94.6% over the past quarter and year. This aerospace & defence company’s Q4FY25 net profit and revenue jumped 118.9% and 60.9% YoY, respectively. Inventory destocking, lower purchase of products for resale, sub-contracting, and finance costs helped increase net profit, while improvement in order execution drove revenue growth. The company also won multiple contracts from India and overseas, including an order reportedly worth Rs 25,000 crore to supply eight Next Generation Corvettes (NGC) for the Indian Navy.

Intellect Design Arena also features in the screener after its stock price rose 93.4% and 16.1% over the past quarter and year, respectively. This IT software products company’s revenue and net profit jumped 18.7% and 85.4% YoY during Q4FY25. Improvements in collections and the license, platform and asset management company (AMC) segments helped revenue growth. The company secured nine new customer wins for its digital transformation journey and achieved 16 product implementations for global financial institutions.

You can find some popular screeners here.

 
logo
The Baseline
18 Jun 2025
By Omkar Chitnis

The Gujarati phrase Bhav Bhagwan Che — Price is God — has echoed louder than ever in recent months. Since hitting a year-to-date low of 21,760 on April 7, the Nifty 50 has surged 14.2% and now hovers near the 25,000 mark. Riding this rally, promoters have wasted no time offloading stakes through a flurry of bulk and block deals.

Generally, high promoter and institutional shareholding signals investor confidence in a company. So retail investors usually see stake sales as a red flag, but they aren’t always negative. Promoters and institutions often sell shares to raise funds for expansion, meet public shareholding norms, reduce debt, adjust family holdings, or book profits.

In FY25, Nifty 500 companies recorded a profit-to-GDP growth of 4.7%, the highest in 17 years. Strong March quarter results helped the Nifty50 rise 11.3% over the last three months, outperforming global peers despite geopolitical and trade risks.

Amid these gains, promoters and institutional investors have sold large stakes through block and bulk deals. Promoters sold shares worth over Rs 57,720 crore in just the past month—this is higher than the Rs 37,100 crore sold by institutional investors. So far in 2025, promoters have offloaded shares worth Rs 71,000 crore.

Amit Ramchandani, CEO of Motilal Oswal Investment Banking, said,  “Valuations have risen over the past month, so sales of shares by promoters and Private Equity (PEs) could continue at this pace until the end of June. The window to sell is not very large because the results season will begin. The geopolitical situation could also worsen.”

In this Chart of the Week, we analyse these stake sales through block and bulk deals over the past month, and the reasons behind them.

According to a Trendlyne screener that tracks bulk and block deals of promoters and institutional investors in Nifty500 firms, 29 companies have witnessed significant deals over the past month. Major names include Jubilant Pharmova, Bharti Airtel, InterGlobe Aviation, Asian Paints, Aptus Value Housing, and KFIN Technologies.

Rising valuations, changing priorities: promoters sell stakes

Promoters’ shareholding in the Nifty 500 reached a record low of 49.5% in FY25, down from 52.1% in FY15, due to high valuations, increased participation from domestic institutional investors (DIIs), retail investors, and regulatory requirements. 

Over the past month, promoters reduced stakes in sectors such as infrastructure, manufacturing, pharmaceuticals, and financial services, driven by regulatory policies, investment requirements, and profit booking across stocks including JSW Infrastructure, PG Electroplast, KPR Mill, Suzlon Energy, and Bajaj Finserv.

JSW Infrastructure’s promoter entity, Sajjan Jindal Family Trust, sold a 2% stake worth Rs 1,210 crore on May 17 to meet SEBI’s minimum public shareholding requirement of 75%. The company plans to use the proceeds to support its Rs 39,000 crore investment to expand port operations and its logistics network over the next five years. 

Post-deal, promoter holding decreased to 83.6%. The JSW management has planned to reduce promoter shareholding below 75% by September 2026.

Since its October 2023 listing, JSW Infrastructure shares have soared 154.1%, driven by a five-year revenue CAGR of 31.3% and profit growth of 50.5%, as the company scaled up cargo volumes and expanded its port and logistics operations.

PG Electroplast promoters sold a 5.6% stake worth Rs 1,177 crore on May 27, reducing their holding to 43.8%. The stake sale took place on the same day the company was announced for inclusion in the NSE’s Futures and Options (F&O) segment, effective June 27.

For FY26, the company targets a 30–35% increase in revenue, driven by demand across key categories like air conditioners and washing machines.

Vikas Gupta, Managing Director, said, “We expect the air conditioner segment to contribute around Rs 4,000 crore in FY26, up from Rs 3,000 crore last year. We’ve planned a capex of Rs 800–900 crore for setting up new plants and expanding our air conditioner business. Over the next three years, we’re targeting a CAGR of 35%.”

Similarly, on June 5, Bajaj Finserv's promoter group–Jamnalal Sons and Bajaj Holdings—offloaded a 1.9%  stake worth Rs 5,828 crore via a block deal.

Jubilant backs beverage bet, Reliance unlocks value in paints

Conglomerates trimmed stakes in speciality chemicals, pharmaceuticals, and paints industries to realign priorities and support diversification. Jubilant Bhartia Group reduced holdings across three stocks, while Reliance Industries cut its long-term stake in Asian Paints. 

Jubilant Bhartia Group, the promoters of Jubilant FoodWorks, Jubilant Pharmova, and Jubilant Ingrevia, offloaded minority stakes in all three listed companies to raise Rs 2,000 for acquiring a 40% stake in Hindustan Coca-Cola Beverages (HCCB).

In December 2024, the group decided to acquire the stake in HCCB for Rs 12,500 crore and planned to fund it through Rs 5,650 crore in Non-Convertible Debentures, stake sales, and internal accruals.

On July 13, the promoters sold a combined 10.2% stake across the three companies. Post the deal, their holding fell to 40.3% in Jubilant FoodWorks, 45.2% in Jubilant Pharmova, and 48.1% in Jubilant Ingrevia.

Asian Paintsholds a 52% share of the paint market and saw a large block deal on June 12 and 16 after Reliance Industries, through Siddhant Commercials, sold a 4.4% stake worth Rs 9,580 crore. Following the deal, Reliance’s stake decreased to 1.3%.

Reliance had acquired a 4.9% stake in Asian Paints for Rs 500 crore in January 2008. Seventeen years later, the investment has delivered a 1,440% return. However, over the past year, Asian Paints’ share price has declined 22.5% due to a drop in revenue and profit in FY25.

Analysts at Morgan Stanley note that Asian Paints has lost market share from 59% to 52% over the past year, and they expect the decline to continue over the next three years. New entrants like JSW Paints are poaching customers,  and this trend is unlikely to change in the coming years.

Promoters cash out after strong gains

Promoters of three large-cap stocks—InterGlobe Aviation, Bharti Airtel, and ITC—executed block deals worth over 37,500 crore in the past month to rebalance portfolios, reduce debt, capitalise on valuation gains, and fund long-term strategies. 

Telecom player Bharti Airtel recorded a 1.2% stake sale by its promoter Singtel via a block deal on May 16 for Rs 13,221 crore. Singtel’s holding fell to 28.3% after the transaction. Trendlyne data shows Bharti Airtel's promoter holding has decreased by 14.3% over the past decade, while the stock has gained 341.8% in the same period.

Meanwhile, InterGlobe Aviation (IndiGo) co-founder and promoter Rakesh Gangwal, through the family trust, sold a 5.7% equity stake worth over Rs 11,385 crore. The sale reduced the Gangwal-backed promoter group’s holding to 7.8%, down from 36.7% in 2019. Over the past three years, Gangwal has raised Rs 40,000 crore through stake sales.

The saga between co-founders Rahul Bhatia and Rakesh Gangwal began in 2019 when Gangwal formally raised concerns over corporate governance. In February 2022, Gangwal resigned from IndiGo’s board as a non-executive, non-independent director and announced plans to reduce his stake.

Rakesh Gangwal had said, “I have been a long-term investor in IndiGo and plan to gradually reduce my equity stake over the next five-plus years.”

ITC’s institutional shareholder, British American Tobacco (BAT), divested a 2.5% stake worth Rs 12,926 crore on May 28, bringing its holding down to 23.1%. BAT sold the stake to reduce its debt and support its share buyback program. The transaction reduced the overall institutional holding in ITC to 82.6%. 

 
T
Trendlyne Marketwatch
18 Jun 2025
Market closes lower, HDFC Bank CEO challenges FIR over disputed loan disclosure
By Trendlyne Analysis

Nifty 50 closed at 24,812.05 (-41.4, -0.2%), BSE Sensex closed at 81,444.66 (-138.6, -0.2%) while the broader Nifty 500 closed at 22,925.20 (-56.3, -0.2%). Market breadth is in the red. Of the 2,449 stocks traded today, 832 were gainers and 1,574 were losers.

Indian indices closed lower after paring gains in the morning session. The Indian volatility index, Nifty VIX, fell 0.9% and closed at 14.3 points. Optiemus Infracom closed 9% higher as its subsidiary, Optiemus Electronics, partnered with OnePlus to manufacture and deliver internet of things (IoT) devices in India.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red, tracking the benchmark index. Nifty Media and S&P BSE India Infrastructure were among the worst-performing indices of the day. According to Trendlyne’s sector dashboard, Hardware Technology Equipment emerged as the worst-performing sector of the day, with a fall of 1.4%.

European indices are trading mixed. Major Asian indices closed mixed. US index futures are trading higher, indicating a positive start to the session ahead of the Federal Reserve interest rate decision later in the day.

  • Money flow index (MFI) indicates that stocks like Muthoot Finance, Happiest Minds Technologies, Gland Pharma, and Inventurus Knowledge Solutions are in the overbought zone.

  • DLF announces approximately Rs 11,000 crore in sales from its luxury residential project, DLF Privana North, in Gurugram. The development spans over 17.7 acres and includes 1,164 residences across six towers.

  • Reliance Infrastructure rises sharply as its subsidiary, Reliance Aerostructure, enters a partnership with Dassault Aviation to manufacture Falcon 2000 business executive jets in India.

  • Avenue Supermarts (DMart) gains over 4% after opening a new store in Agra, Uttar Pradesh, bringing its total store count to 421. Morgan Stanley, however, maintains an 'Underweight' rating on the stock with a target price of Rs 3,260, citing ongoing competitive pressures and operational challenges. The brokerage views the expansion as a positive move, given the significant growth potential in Uttar Pradesh.

  • Welcure Drugs & Pharmaceuticals rises sharply as it secures a Rs 517 crore sourcing mandate from Thailand’s Fortune Sagar Impex. The deal is expected to generate Rs 25.9 crore in service income in FY26.

  • RailTel Corporation of India is rising as it receives an order worth Rs 44 crore from Zoram Electronics Development Corp (Zenics) to implement the Mizo Fibre Grid Network (MFGN) project.

  • Motilal Oswal downgrades Voltas to a 'Neutral' call from 'Buy', with a lower target price of Rs 1,350 per share. This indicates a potential upside of 5%. The brokerage is cautious on the company's sales growth due to a decline in demand, near-term headwinds, and lower orders in the international projects segment. It expects the firm's revenue to grow at a CAGR of 7% over FY26-27.

  • DAM Capital downgrades Voltas to a 'Neutral' rating with a target price of Rs 1,370. The brokerage points out that the company has seen a 25% drop in Refrigeration and Air Conditioning (RAC) sales during April-May. It adds that weaker commercial refrigeration revenues and channel checks indicate a potential loss in market share. For Q1FY26, the brokerage projects a 15% decline in revenue from the Unit Control Panel (UCP) segment.

  • Ventive Hospitality's board of directors approves the merger of its wholly owned subsidiaries Eon-Hinjewadi Infrastructure, Restocraft Hospitality and Wellcraft Infraprojects into the parent company.

  • Optiemus Infracom surges more than 10% as its subsidiary, Optiemus Electronics, enters a partnership with OnePlus to manufacture and deliver internet of things (IoT) devices in India.

  • Neuland Laboratories is falling as it receives an administrative warning letter from the Securities and Exchange Board of India (SEBI) over a violation of insider trading regulations by a designated person.

  • India's Chief Economic Adviser, V Anantha Nageswaran, says the country’s FY25 GDP growth of 6.5% amid global economic and political uncertainty is a "creditable achievement." He highlights that the gap in growth between India and developed economies is now wider than it was during the high-growth phase from 2003 to 2008. He also emphasises that changes in tariffs should not be immediately perceived as detrimental to Indian exports.

  • Mahindra & Mahindra is rising as it receives approval from the Competition Commission of India (CCI) for the acquisition of SML Isuzu.

  • BSE falls as SEBI approves shifting NSE’s weekly expiry from Thursday to Tuesday. BSE’s weekly contracts, currently expiring on Tuesday, will move to Thursday starting September 1, 2025.

  • Glenmark Pharma receives Form 483 with five observation from the US FDA following an inspection at its formulations facility in North Carolina, USA.

  • Nuvama Alternative & Quantitative Index believes that Vishal Mega Mart is set for inclusion in the FTSE Global Midcap Index. Currently part of the FTSE Russell Universe, the stock is expected to be added during the June review. The brokerage anticipates that this inclusion will lead to net inflows of $115 million (approximately Rs 960 crore) when the index adjustments take effect on June 20.

  • Nomura upgrades IndusInd Bank to a 'Buy' rating and raises the target price to Rs 1,050 per share. The brokerage believes RBI’s support for bank’s governance recovery is encouraging and views possible promoter stake approval as a boost to investor confidence. It has raised FY28 EPS by 14–16%, driven by higher net interest income and lower credit costs.

  • Alembic Pharmaceuticals is falling as it issues a corporate guarantee worth $22 million (~ Rs 189.9 crore) in favour of JP Morgan Chase Bank for a loan taken by its subsidiary, Alembic Pharmaceuticals Inc, USA.

  • GMR Airports' passenger traffic increases 0.8% YoY to 1 crore in May, while aircraft movements grow by 6.3% YoY to 64,931.

  • Pavitra Shankar, Managing Director of Brigade Enterprises, welcomes the RBI's rate cut, viewing it as a positive step to boost demand. She notes that around 50% of the company's customers rely on home loans, and expects lower borrowing costs to lead to a 10–15% rise in real estate realizations. Shankar emphasizes the company’s focus on strengthening its presence in southern markets before expanding into new regions.

  • Hindustan Zinc falls as Vedanta sells 7.2 crore shares (1.7% stake) worth approximately Rs 3,323 crore in a block deal at an average price of Rs 460.5 per share. As of March 31, 2025, Vedanta holds a 63.4% stake in the company.

  • EMS is rising as it secures an order worth Rs 183.8 crore from UP Jal Nigam to construct components of the Fatehpur Sewerage and Sewage Treatment Scheme (Zone-1) in Fatehpur district.

  • Ugro Capital rises sharply as its board of directors approves the acquisition of a 100% stake in Profectus Capital for a cash consideration of Rs 1,398.6 crore. The company also enters a share purchase agreement (SPA) with Actis PC Investment (Mauritius), Actis PC (Mauritius), and Profectus Capital for the acquisition.

  • Polycab India is rising as it secures an order worth Rs 6,447.5 crore from Bharat Sanchar Nigam (BSNL) to develop and maintain the middle-mile network of BharatNet in Karnataka, Goa, and Puducherry. The project includes design, supply, construction, installation, and upgradation work.

  • Nifty 50 was trading at 24,830.35 (-23.1, -0.1%), BSE Sensex was trading at 81,314.62 (-268.7, -0.3%) while the broader Nifty 500 was trading at 22,930.10 (-51.4, -0.2%).

  • Market breadth is moving down. Of the 1,934 stocks traded today, 484 were in the positive territory and 1,403 were negative.

Riding High:

Largecap and midcap gainers today include IndusInd Bank Ltd. (850.50, 5.1%), Avenue Supermarts Ltd. (4,228.40, 4.2%) and Escorts Kubota Ltd. (3,270.20, 3.7%).

Downers:

Largecap and midcap losers today include Hindustan Zinc Ltd. (452.80, -6.9%), Max Healthcare Institute Ltd. (1,181.70, -3.7%) and Biocon Ltd. (342, -3.0%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Zydus Wellness Ltd. (2,054.30, 5.5%), IndusInd Bank Ltd. (850.50, 5.1%) and Authum Investment & Infrastructure Ltd. (2,541.10, 4.3%).

Top high volume losers on BSE were Hindustan Zinc Ltd. (452.80, -6.9%), The Ramco Cements Ltd. (1,032.35, -3.5%) and Elgi Equipments Ltd. (519.85, -0.9%).

Vedant Fashions Ltd. (810.60, 4.0%) was trading at 7.9 times of weekly average. KEI Industries Ltd. (3,590.70, -0.6%) and Avenue Supermarts Ltd. (4,228.40, 4.2%) were trading with volumes 4.6 and 4.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

7 stocks hit their 52 week highs, while 1 stock tanked below their 52 week lows.

Stocks touching their year highs included - Multi Commodity Exchange of India Ltd. (7,936.50, 0.1%), Redington Ltd. (296.45, 0.4%) and Au Small Finance Bank Ltd. (794.50, 2.8%).

Stock making new 52 weeks lows included - Easy Trip Planners Ltd. (10.69, -0.8%).

16 stocks climbed above their 200 day SMA including Rainbow Childrens Medicare Ltd. (1,458.90, 2.9%) and Minda Corporation Ltd. (538.40, 2.1%). 32 stocks slipped below their 200 SMA including Hindustan Zinc Ltd. (452.80, -6.9%) and MMTC Ltd. (69.37, -3.8%).