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Market closes lower, Exide Industries' net profit misses Forecaster estimates by 11% in Q1
By Trendlyne Analysis

Nifty 50 closed at 24,649.55 (-73.2, -0.3%), BSE Sensex closed at 80,710.25 (-308.5, -0.4%) while the broader Nifty 500 closed at 22,798.50 (-61.9, -0.3%). Market breadth is in the red. Of the 2,487 stocks traded today, 955 were on the uptick, and 1,484 were down.

Indian indices closed in the red after US President Donald Trump issued a fresh tariff threat on Monday, saying he would "substantially" raise levies on Indian goods over the country’s purchases of Russian oil. The Indian volatility index, Nifty VIX, declined 2.6% and closed at 11.7 points. RBI’s MPC meeting is set to conclude tomorrow. Rahul Bajoria of BofA Global Research expects the repo rate to be held at 5.5%, citing ongoing market uncertainty.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the red, following the benchmark index. Nifty India Defence and BSE Auto were among the top index gainers today. According to Trendlyne’s Sector dashboard, Fertilizers emerged as the best-performing sector of the day, with a rise of 2.8%.

Asian indices closed in the green except Indian indices, while European indices are trading in the green except Russia’s RTSI & MOEX indices. US index futures traded in the green indicating a positive start to the trading session. The US July jobs report confirmed worries about a slowing US economy, with payrolls rising by just 73,000, falling short of expectations. President Trump called the report "rigged" and claimed that previous months revisions were "concocted."

  • Relative strength index (RSI) indicates that stocks like Bosch, Schneider Electric, eClerx Services, and Sarda Energy & Minerals are in the overbought zone.

  • Exide Industries falls as its net profit misses Forecaster estimates by 11% despite rising 24.1% YoY to Rs 273 crore in Q1FY26. Revenue rises 5.8% YoY to Rs 4,695.1 crore, driven by improvement in the storage batteries and allied product segment. It features in screener of stocks with declining ROCE in the last two years.

  • Adani Ports & SEZ is falling as its Q1FY26 EBITDA margin contracts 214 bps YoY despite net profit growing 6.4% YoY to Rs 3,314.6 crore, owing to foreign exchange gains worth Rs 323.8 crore. Revenue rises 17% YoY to Rs 9,422.2 crore, driven by improvements in the port and special economic zone activities. It appears in a screener of stocks with increasing trend in non-core income.

  • Azad Engineering is rising as its net profit surges 73.6% YoY to Rs 29.7 crore in Q1FY26, helped by inventory destocking. Revenue increases 39.3% YoY to Rs 137.1 crore, driven by improvements in the energy and oil & gas segments during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past two months.

  • Shares of Reliance Infrastructure and Reliance Power have fallen up to 15% over the past five days following reports that the Enforcement Directorate (ED) will question bank officials involved in a Rs 17,000 crore loan fraud case linked to the group. On Monday, the ED issued summons to several senior executives of the Anil Ambani-led Reliance Group as part of an ongoing money laundering probe.

  • Alembic Pharmaceuticals falls as its Q1FY26 revenue misses Forecaster estimates by 32.7% despite rising 9.8% YoY to Rs 1,171.2 crore, helped by improvements in the domestic & international generics and API businesses. Net profit grows 14.6% YoY to Rs 154.4 crore during the quarter. It shows up in a screener of stocks with declining net cash flow.

  • BEML secures a Rs 282 crore order from the Ministry of Defence to supply high mobility vehicles. In addition to this, the company signs an agreement with IIT Madras startup TuTr Hyperloop to co-develop India’s first hyperloop transportation system, a high-speed travel method in vacuum tubes.

  • RailTel Corp secures a Rs 217 crore order from Bihar State Electronics Development Corporation (BSEDC). The project involves implementing traffic control, video surveillance, and red-light violation detection systems under the Mukhyamantri Surakshit Sushasit Shahar (MSSS) scheme.

  • Neeraj Akhoury, MD of Shree Cements, projects a volume growth of over 4–5% for FY26 and maintains revenue growth guidance at over 9%. He expects EBITDA per tonne to be in the range of Rs 1,350–1,400 during the period. He also notes that the company is pursuing a value-over-volumes strategy.

  • KPI Green Energy is falling as its Q1FY26 EBITDA margin contracts 291 bps YoY despite net profit growing 57.2% YoY to Rs 104 crore, due to higher raw materials, inventory, employee benefits, and finance costs. Revenue jumps 75.5% YoY to Rs 614.1 crore, led by improvements in sales power & services, and captive power projects. It appears in a screener of stocks with growing costs YoY for long term projects.

  • NBCC secures an order worth Rs 103 crore from the Lokpal of India for repairing, retrofitting, and upgrading its building.

  • Aurobindo Pharma is falling as its Q1FY26 net profit declines 10.3% YoY to Rs 825 crore due to higher raw materials, inventory, and employee benefits expenses. However, revenue grows 2.4% YoY to Rs 7,973 crore, driven by improvements in Europe and emerging markets. It shows up in a screener of stocks where promoters increase pledged shares QoQ.

  • Rahul Bajoria, Head of India and ASEAN Economic Research at BofA Global Research, expects the RBI to hold the repo rate at 5.5% in the ongoing policy meeting, despite having room to cut. He cites ongoing market uncertainty as a reason for a likely pause, adding that the RBI may use its limited policy space cautiously, as hinted by Governor Sanjay Malhotra in the previous policy statement.

  • Bosch's net profit rises 139.4% YoY to Rs 1,116 crore in Q1FY26, helped by a one-time gain from the sale of its building technologies business. Revenue grows 10.9% YoY to Rs 4,788.6 crore, helped by improvements in the automotive products and consumer goods segments. It shows up in a screener of stocks with QoQ growth in quarterly net profit and profit margin.

  • Goldman Sachs maintains a ‘Buy’ rating on PNB Housing with a target price of Rs 1,386. The brokerage highlights that profitability remains intact despite the exit of its MD & CEO, driven by stable asset quality and growth in its lending business. It also expects a net profit CAGR of 15% over FY26–28.

  • Laxmi Finance's shares debut on the bourses at a 13% discount to the issue price of Rs 158. The Rs 254.3 crore IPO received bids for 1.9 times the total shares on offer.

  • Aditya Khemka, Managing Director of Aditya Infotech, states that their 'CP Plus' brand holds a market share of over 20% as of FY25. He highlights that the surveillance camera industry has been growing at a rate of 16–17% in recent years. Khemka also points to the company’s ten strategically located warehouses across India and emphasizes its position as a leading player in the country’s CCTV and surveillance market.

  • Aditya Infotech's shares debut on the bourses at a 50.4% premium to the issue price of Rs 675. The Rs 1,300 crore IPO received bids for 100.7 times the total shares on offer.

  • Kansai Nerolac Paints' net profit drops 4.3% YoY to Rs 220.9 crore in Q1FY26 due to higher raw material costs. Revenue rises 2.2% YoY to Rs 2,214.6 crore, driven by muted demand for decorative paints and infrastructure-related segments. The firm appears in a screener of stocks with low debt.

  • Siemens Energy India surges to its all-time high of Rs 3,419 as its Q1FY26 net profit surges 80.2% YoY to Rs 262.7 crore. Revenue jumps 23.8% YoY to Rs 1,837.1 crore, driven by improvements in the power generation and power transmission segments. It appears in a screener of stocks outperforming their industries in price change over the past month.

  • Hero MotoCorp discontinues its "Mavrick 440" motorcycle less than 18 months after launch due to poor sales. The bike sees no production or dispatches across India for the past three months. The company has halted production and dispatches, and several dealerships has stopped accepting bookings, marking the end of the model’s run.

  • Triveni Turbine falls sharply as its net profit declines 19.4% YoY to Rs 64.5 crore in Q1FY26. Revenue decreases 19.9% YoY to Rs 371.3 crore due to export delays amid geopolitical tensions during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Godfrey Phillips India surges to its all-time high of Rs 9,881.5 as its Q1FY26 net profit jumps 55.9% YoY to Rs 356.3 crore. Revenue grows 28.5% YoY to Rs 1,562.9 crore during the quarter. Its board of directors approves a bonus issue of equity shares of the face value of Rs 2 each in the ratio 2:1.

  • IndusInd Bank surges as its board appoints Rajiv Anand as the new Chief Executive Officer (CEO) and Managing Director (MD) for three years, effective August 25.

  • One97 Communications (Paytm) is falling as the Chinese investor, Ant Group, reportedly plans to exit the company by selling its 5.8% stake worth $434 million (~ Rs 3,800 crore) through a block deal.

  • Nifty 50 was trading at 24,690.60 (-32.2, -0.1%), BSE Sensex was trading at 80,946.43 (-72.3, -0.1%) while the broader Nifty 500 was trading at 22847.50 (-12.9, -0.1%).

  • Market breadth is surging up. Of the 1,990 stocks traded today, 1,308 were on the uptick, and 622 were down.

Riding High:

Largecap and midcap gainers today include UNO Minda Ltd. (1,103.10, 3.9%), Solar Industries India Ltd. (14,920, 3.9%) and Coromandel International Ltd. (2,619, 3.0%).

Downers:

Largecap and midcap losers today include Swiggy Ltd. (385.55, -3.4%), Biocon Ltd. (372.35, -2.6%) and Britannia Industries Ltd. (5,635.50, -2.6%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Newgen Software Technologies Ltd. (941.70, 12.9%), Tanla Platforms Ltd. (672.10, 11.6%) and Godfrey Phillips India Ltd. (9,874.50, 9.9%).

Top high volume losers on BSE were Triveni Turbine Ltd. (532.85, -9.7%), Medplus Health Services Ltd. (876.75, -4.6%) and One97 Communications Ltd. (1,053, -2.3%).

Tata Investment Corporation Ltd. (7,138, 2.3%) was trading at 14.7 times of weekly average. Alembic Pharmaceuticals Ltd. (946.50, -2.1%) and UNO Minda Ltd. (1,103.10, 3.9%) were trading with volumes 6.7 and 5.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

12 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Bosch Ltd. (40,595, -1.3%), Fortis Healthcare Ltd. (867.90, 0.7%) and JK Cement Ltd. (6,928, 2.1%).

24 stocks climbed above their 200 day SMA including Tanla Platforms Ltd. (672.10, 11.6%) and Chambal Fertilisers & Chemicals Ltd. (567.50, 6.6%). 11 stocks slipped below their 200 SMA including Timken India Ltd. (2,991.20, -3.2%) and LIC Housing Finance Ltd. (579.65, -1.9%).

Market closes higher, Marico's revenue grows 23.3% YoY to Rs 3,259 crore in Q1
By Trendlyne Analysis

Nifty 50 closed at 24,722.75 (157.4, 0.6%), BSE Sensex closed at 81,018.72 (418.8, 0.5%) while the broader Nifty 500 closed at 22,860.40 (186.8, 0.8%).Market breadth is in the green. Of the 2,518 stocks traded today, 1,430 showed gains, and 1,038 showed losses.

Indian indices closed higher after extending gains throughout the day. The Indian volatility index, Nifty VIX, fell marginally and closed at 12 points. MCX closed 5% higher after its Q1FY26 revenue rose 60.3% YoY to Rs 405.8 crore, driven by an increase in average daily turnover (ADT) in the futures and options segments.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher. Nifty Capital Markets and BSE 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 2.4%.

Asian indices closed mixed. European indices are trading in the green, except for Switzerland's SMI, which is trading in the red. US index futures are trading higher as weak jobs data has raised hopes of a rate cut as early as September. Investors are also watching for upcoming earnings from major companies like Williams, Axon and Oneok due later today. Brent crude futures are trading lower after falling 3.9% on Friday.

  • Money flow index (MFI) indicates that stocks like Dr Lal Pathlabs, Fortis Healthcare, GE Vernova T&D India, and Schneider Electric are in the overbought zone.

  • Marico's revenue grows 23.3% YoY to Rs 3,259 crore in Q1FY26, driven by growth in the Indian and international businesses. Net profit rises 8.6% YoY to Rs 504 crore during the quarter. The company appears in a screener of stocks with annual profits improving from last two years.

  • Epigral is falling sharply as its Q1FY26 revenue misses Forecaster estimates by 1.7% after declining 5.9% YoY to Rs 614.8 crore due to reductions in volumes and realisations. However, net profit surges 87.1% YoY to Rs 160.7 crore, driven by lower raw materials expenses and tax returns worth Rs 79.1 crore. It shows up in a screener of stocks where promoters are decreasing their shareholdings.

  • Neogen Chemicals is falling as its net profit declines 10.6% YoY to Rs 10.3 crore in Q1FY26 due to higher employee costs and operational disruption from the Dahej plant fire. However, revenue grows 3.8% YoY to Rs 186.7 crore, supported by new launches in its battery chemicals division during the quarter. The company appears in a screener of stocks with PE ratio higher than the Industry average.

  • The RBI’s Monetary Policy Committee begins its meeting today, concluding on August 6. Majority of experts in a poll expect a pause in rate cuts, citing lower-than-expected growth and inflation. They also point to possible global trade shifts from US tariffs on Chinese goods, which could influence RBI’s stance. Easing inflation concerns, with June CPI at a 5.5-year low, add to the policy uncertainty.

  • Tata Investment Corp is rising as its board approves a 10-for-1 stock split.

  • Larsen & Toubro's renewables business unit receives a significant order worth Rs 1,000–2,500 crore from Bihar State Power Generation Company (BSPGCL). The work involves developing a grid-connected 241 MWh battery energy storage system (BESS) at Kajra in Bihar.

  • GR Infraprojects is rising as its Q1FY26 net profit jumps 57% YoY to Rs 244.1 crore, helped by lower construction, employee benefits, and depreciation & amortisation expenses. However, revenue declines 1.2% YoY to Rs 2,027.3 crore due to reductions in the build, operate & transfer (BOT) projects. It appears in a screener of stocks with dividend yield greater than sector dividend yield.

  • Sharan Bansal, Director at Skipper, projects revenue growth of over 25% in FY26, with expected order inflows between Rs 6,500–7,000 crore. He highlights that the company’s bidding pipeline as of Q1FY26 stands at over Rs 30,000 crore. Exports currently make up 10% of the order book, which he expects to rise to 15% in FY26. He also notes that the US accounts for just 1% of the current order book.

  • Narayana Hrudayalaya is falling as its net profit declines 2.4% YoY to Rs 196.7 crore in Q1FY26 due to higher employee costs and spending on new hospitals and services. However, revenue grows 12.4% YoY to Rs 1,507.3 crore, driven by increased patient volumes and expansion in both India and overseas markets, particularly the Cayman Islands. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Honeywell Automation is falling as its net profit drops 8.7% YoY to Rs 125 crore in Q1FY26 due to higher raw material costs and employee benefit expenses. Revenue rises 21.9% YoY to Rs 1,225 crore, driven by ramp-up in project execution. The firm appears in a screener of stocks where foreign institutional investors (FIIs) are increasing their shareholding.

  • UPL rises sharply as its net loss narrows to Rs 88 crore in Q1FY26 from Rs 384 crore a year ago, helped by a deferred tax credit of Rs 219 crore. Revenue grows 1.6% YoY to Rs 9,216 crore, driven by improvements in the seeds and non-agro segments. The company shows up in a screener of stocks with zero promoter pledge.

  • Oil prices decline after OPEC+ approves a significant output hike, raising concerns over global oversupply amid slowing economic growth from the US-led trade war. Brent slipped toward $69 a barrel and WTI neared $67, as the group backed a 5,47,000 bpd increase from September. Uncertainty remains over further easing of supply curbs.

  • Delhivery surges to its 52-week high of Rs 452.6 as its Q1FY26 net profit jumps 67.5% YoY to Rs 91.1 crore. Revenue grows 6.2% YoY to Rs 2,423.9 crore owing to improvements in the express parcel and part truck load segments. It features in a screener of stocks with high trailing twelve-month (TTM) EPS growth.

  • Titagarh Rail is rising as it secures an order worth Rs 1,599 crore from NCC. The work involves designing, manufacturing, and commissioning 108 metro coaches for the Mumbai Metro Rail Project.

  • Axiscades Tech is rising as it secures a Rs 223.9 crore order from the Ministry of Defence to supply 212 trailers, each with a capacity of 50 tons, for tank transport.

  • Godrej Properties is reportedly planning to enter the corporate bond market later this month with its largest issuance to date. The company is expected to raise approximately Rs 2,000 crore (around $230 million) through the sale of short-term bonds, with maturities ranging between three and five years.

  • JSW Steel plans to invest Rs 5,845 crore to expand its grain-oriented electrical steel (GOES) manufacturing capacity to 350,000 tons per annum. The expansion will take place at its Karnataka and Maharashtra facilities through its Japanese joint venture partner, JFE Steel Corporation.

  • ABB India is falling as its net profit drops 20.6% YoY to Rs 351.7 crore in Q1FY26 due to forex volatility and higher expenses. Revenue rises 12.2% YoY to Rs 3,275.1 crore, driven by strong order execution in the electrification segment and higher exports. The firm appears in a screener of stocks with zero promoter pledge.

  • Dilip Buildcon is rising as its joint venture (JV) with RBL bags a Rs 1,503.6 crore order from Gurugram Metro Rail (GMRL) to construct a viaduct and 14 elevated stations.

  • Adani Group clarifies that the Bloomberg report suggesting possible tie-ups with Chinese companies is inaccurate and misleading. The company states that it is not exploring any form of collaboration with BYD for battery manufacturing in India and is not engaged in any discussions with Beijing Welion New Energy for any kind of partnership.

  • Sarda Energy & Minerals rises sharply as its net profit surges 1.2X YoY to Rs 434.4 crore in Q1FY26. Revenue increases 76.3% YoY to Rs 1,633.1 crore, driven by improvements in the ferro alloys and power segments during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past two months.

  • Multi Commodity Exchange of India is rising sharply as its Q1FY26 net profit surges 83.2% YoY to Rs 203.1 crore. Revenue jumps 60.3% YoY to Rs 405.8 crore, driven by improvements in average daily turnover (ADT) in the futures and options segments. It appears in a screener of stocks with negative to positive growth in sales & profit, and strong price momentum.

  • Federal Bank is falling as its net profit drops 14.6% YoY to Rs 861.8 crore in Q1FY26 due to rise in provisions and contingencies. However, revenue increases 5.6% YoY to Rs 6,686.6 crore, driven by improvements in the treasury, retail and wholesale banking segments during the quarter. The bank's asset quality improves as its gross and net NPAs declines by 20 bps and 12 bps YoY, respectively.

  • Tata Power's Q1FY26 net profit grows 9.2% YoY to Rs 1,059.9 crore owing to lower power and fuel expenses. Revenue increases 4.9% YoY to Rs 18,396.8 crore, led by improvements in the renewables and transmission & distribution segments. It features in a screener of stocks with rising returns on capital employed (RoCE) over the past two years.

  • Nifty 50 was trading at 24,633.40 (68.1, 0.3%), BSE Sensex was trading at 80,765.83 (165.9, 0.2%) while the broader Nifty 500 was trading at 22,722.25 (48.6, 0.2%).

  • Market breadth is in the green. Of the 2,047 stocks traded today, 1,064 were on the uptrend, and 906 went down.

Riding High:

Largecap and midcap gainers today include Aditya Birla Capital Ltd. (278.45, 10.7%), UPL Ltd. (711.70, 7%) and Hero MotoCorp Ltd. (4,535.90, 5.2%).

Downers:

Largecap and midcap losers today include Thermax Ltd. (3,539, -6.3%), ABB India Ltd. (5,092.50, -5.5%) and GlaxoSmithKline Pharmaceuticals Ltd. (2,869, -2.3%).

Volume Shockers

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

Top high volume gainers on BSE included Sarda Energy & Minerals Ltd. (524.25, 19.3%), Aditya Birla Capital Ltd. (278.45, 10.7%) and Capri Global Capital Ltd. (190.12, 8.4%).

Top high volume losers on BSE were Narayana Hrudayalaya Ltd. (1,829.70, -6.0%), ABB India Ltd. (5,092.50, -5.5%) and AIA Engineering Ltd. (3,070, -0.8%).

Endurance Technologies Ltd. (2,606, 5.2%) was trading at 13.7 times of weekly average. Gujarat Mineral Development Corporation Ltd. (408.55, 7.0%) and Star Cement Ltd. (262.86, 7.8%) were trading with volumes 10.4 and 7.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

10 stocks overperformed with 52 week highs, while 4 stocks hit their 52 week lows.

Stocks touching their year highs included - Bosch Ltd. (41,115, 1.8%), CCL Products India Ltd. (930, 4.0%) and eClerx Services Ltd. (4,087.30, 7.6%).

Stocks making new 52 weeks lows included - AIA Engineering Ltd. (3,070, -0.8%) and Tata Consultancy Services Ltd. (3,074.40, 2.4%).

14 stocks climbed above their 200 day SMA including Sarda Energy & Minerals Ltd. (524.25, 19.3%) and Capri Global Capital Ltd. (190.12, 8.4%). 28 stocks slipped below their 200 SMA including Thermax Ltd. (3,539, -6.3%) and PNB Housing Finance Ltd. (778.50, -3.7%).

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The Baseline
01 Aug 2025
Five Interesting Stocks Today - August 1, 2025
By Trendlyne Analysis

1. Gravita India:

Thisrecycling company rose 3% on July 29 after announcing its Q1results. Revenue went up 17% YoY, outperformingForecaster estimates, driven by higher volumes and a better product mix. Net profit also came in ahead of estimates, rising 39% YoY.

Chairman and MD Rajat Agrawal credited the aluminium recycling business for this outperformance,saying, “Our aluminium business has contributed significantly, with profitability across the value chain: from scrap procurement to ingot manufacturing and downstream products.”

The companygets 90% of its revenue from lead recycling, and the remaining from aluminium and plastics. Aluminium was the clear outperformer in Q1, with volumes doubling from a year ago. The lead and plastics businesses remained steady, pushing total volumes up 12% YoY. The revenue share of value-added products improved to 47%, helping EBITDA margins expand to 11.8%.

Gravita has an ambitiousroadmap: it aims to grow volumes at 25% CAGR and profits at 35% CAGR through FY28. It also plans to double its recycling capacity with a capex of Rs 1,500 crore over the next four years. The company is entering new verticals such as lithium-ion battery, rubber, paper, and steel. Of these, rubber and paper are expected to go live this fiscal year.

The global business continues to play a big role, contributing over 50% to the topline. Agrawalsaid, “We are working on expanding our overseas recycling facilities, with a focus on Africa and Latin America.” We are also securing new collection and supply partnerships to de-risk procurement and improve operating leverage.

Axis Securitiesmaintains a ‘Buy’ rating on Gravita with a target price of Rs 2,600, implying a 45% upside. It sees the company’s integrated model, rising share of value-added products, and policy support from the government as strong positives. That said, it flags base metal price volatility as a key short-term risk to margins.

2. Cipla:

This pharma company gave up its post-result gains after Trump sent a letter to 17 global drugmakers on August 1, asking them to cut US drug prices and match what other countries pay. He also demanded lower prices for existing drugs and guarantees that future medicines will be priced in line with other countries. These moves could hit US revenue for Indian pharma exporters. Cipla earns over a quarter of its revenue from the US.

The company had jumped over 5% in two sessions following a target price upgrade to Rs 1,651 from Nuvama, with the ‘Hold’ rating maintained. This came after its Q1FY26 results, where net profit rose 10% YoY, beating Forecaster estimates by 7.4% on higher other income and lower depreciation costs.

Cipla’s revenue rose 5% YoY but fell short of estimates due to a drop in US sales, which came in at $226 million. This was mainly due to weaker sales in its cancer drug Revlimid, while Lanreotide, used for rare tumors, saw flat sales. The company is targeting $1 billion in US revenue by FY27, backed by new product launches in areas like respiratory, cancer, peptides, and biosimilars.

Cipla’s India business grew 6% in Q1, slower than expected due to a dip in demand for acute therapies (treatments like colds, fevers, and infections), which rose only 4–5%. However, the management expects growth to align with the market over the next 2–3 quarters. MD & CEO Umang Vohra said the company is preparing to launch GLP-1 products (used for diabetes and weight loss) in India and other global markets, and sees it as a major growth opportunity from FY27 onwards.

Vohra added, “We ended the quarter with a net cash balance of Rs 10,400 crore, which we plan to use to fill gaps in our India portfolio through acquisitions, expand manufacturing capacity, and acquire specialised assets in the US and other international markets.”

Axis Securities has a ‘Buy’ rating on Cipla, noting its focus on expanding the branded prescription business in India through new launches and a stronger sales team. It projects Cipla’s sales and net profit to grow at a CAGR of 8.1% and 7.9%, respectively, over FY26–28.

3. Zen Technologies:

Thisdefence company has fallen 17.9% over the past week after it announced weakQ1FY26 results. Its net profit declined 37.8% YoY to Rs 47.8 crore, while revenue fell 37.9% YoY to Rs 158.2 crore. This was a twinForecaster estimate miss. The company underperformedbecause it could not book Rs 60-70 crore in revenue this quarter as customers requested changes in product specifications, which delayed this revenue to the next quarter (Q2FY26).

Commenting on the results, Ashok Atluri, the company's Chairman and Managing Director,said, “Regular procurements slowed down because of new emergency procurement happening post Operation Sindoor.” Regular procurements such as simulators, were slightly delayedas the Ministry of Defence prioritised emergency purchases following the operation.

Zen Technologies remains optimistic about its future order inflow and revenue. The managementexpects an order inflow of Rs 650 crore by the end of Q2FY26, driven by anticipated orders for anti-drone systems (ADS) as part of emergency procurement. The company’s order bookstands at Rs 754.6 crore. Atlurisaid, “We are confident in maintaining our targeted cumulative revenue of Rs 6,000 crore over the next three financial years.”

So far this year, the company has invested around Rs 160 crore in fouracquisitions to strengthen its presence in naval simulation, drones, defense robotics, and loitering munitions. These include Vector Technics, Applied Research International (ARIPL) and its affiliate ARI Labs (ALPL), Bhairav Robotics, and TISA Aerospace, which are all expected to open new areas for growth.

Following the results, ICICI Securitiesdowngraded the stock to ‘Hold’ from ‘Buy’, citing weaker Q1FY26 performance due to execution delays. However, it remains positive on Zen’s long-term outlook, backed by strong revenue guidance and expected order inflows. But to deliver growth, Zen must improve order flow and execute key contracts like the anti-drone system.

4. Nestle India:

The stock of this packaged foods company dropped 1.9% over the past week following the announcement of its Q1FY26 results. The company posted a 5.1% YoY increase in revenue, led by strong performance in the powdered & liquid beverages and breakfast cereal segments. However, net profit dropped 13.4% to Rs 646.6 crore, impacted by high input costs for milk, cocoa, and edible oil. The profit figure also missed Forecaster estimates by 18.9%, largely due to increased operational expenses from recent capacity expansions. The stock features in a screener of companies where FIIs and FPIs are raising their holdings.

Nestle’s revenue growth in the milk products & nutrition segment remained muted, with a mid-single-digit decline in infant nutrition due to advertising restrictions and increased competition. Commenting on the category’s performance, Nestlé India Chairman and MD, Suresh Narayanan, said, “The milk and nutrition category has been hit by inflation and price hikes, limiting volume growth. It also faces strong competition from cooperatives, pressuring both volumes and pricing. We remain focused on sustainable, profitable growth and have proactively removed refined sugar from baby food to meet regulatory and consumer expectations. Portfolio challenges in this category are also being addressed.”

The company’s e-commerce segment maintained its growth momentum, contributing 12.5% to domestic sales, driven by quick commerce and new product launches. Export revenue rose 16% YoY to Rs 214 crore, recovering from a 7% drop in Q1FY25, with solid performance in coffee, instant tea, and breakfast cereals, despite pressure from high commodity costs.

Sharekhan maintained a ‘Buy’ rating on Nestlé India but lowered the target price to Rs 2,600. The brokerage noted that Q1FY26 was weak due to multiple headwinds impacting profitability. Despite this, Nestlé’s strong domestic presence, expanding distribution & capacity, and rising out-of-home consumption position it well for growth in a stable demand environment. While volatile commodity prices are expected to pressure margins, the company’s pricing power and cost-saving efforts could help offset the impact.

5. MphasiS:

ThisIT consulting and software firm rose 5% on July 25 after reporting total contract value (TCV) wins of $760 million inQ1FY26, nearly double the previous quarter. AI-led deals made up 68% of the TCV, compared to 30% a year earlier. Management expects to complete these orders within the next two quarters.

Mphasis' revenue grew 1.2% QoQ in Q1FY26, supported by strong order execution and demand for its AI-led digital transformation services. Net profit declined slightly due to a higher tax rate, and delayed client payments.

Management noted that macro volatility and slower decision-making, influenced by tariff and geopolitical uncertainties, have delayed client spending. Despite these delays, CEO Nitin Rakesh is optimistic,saying, “We aim to grow revenue at nearly twice the industry pace in FY26, targeting over 8% growth.”

The top four IT firms—TCS, Infosys, HCLTech, and Wipro—reported flat to mixed results in Q1FY26, as US tariff-related risks slowed deal activity. TCS’s deal wins fell 22.9% QoQ due to the BSNL contract wind-down and client payment delays, while HCLTech posted a 39.4% QoQ drop from delays in new deal closures and project ramp-downs.

In contrast, Infosys and Wipro reported deal growth of 46.1% and 24.1% QoQ, supported by strong demand for AI, cloud, and digital transformation services across the banking, energy, and manufacturing sectors.

Mphasis earns 13.7% of its revenue from the insurance segment, which grew 20.4% QoQ. Rakeshnotes, “We closed several deals in this segment over the past three months, turning them into revenue. Insurance has become a key growth driver, and we expect this momentum to continue in FY26, helped by large signed deals and new client wins in the pipeline.”

Following the results, Jefferiesupgraded Mphasis to 'Buy' and raised its target price to Rs 3,100. The brokerage noted that Q1 earnings were in line with estimates, with strong deal bookings as a key positive. It expects revenue growth to improve in the near term, supported by deal wins and higher client spending in the BFSI vertical. Jefferies projects earnings per share to grow at a 12% CAGR over FY26–28.

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

Market closes lower, Godrej Properties' revenue beats Forecaster estimates by 40% in Q1
By Trendlyne Analysis

Nifty 50 closed at 24,565.35 (-203, -0.8%), BSE Sensex closed at 80,599.91 (-585.7, -0.7%) while the broader Nifty 500 closed at 22,673.65 (-241.3, -1.1%). Market breadth is sharply down. Of the 2,480 stocks traded today, 631 were gainers and 1,796 were losers.

Indian indices closed lower after extending losses in the afternoon session. The Indian volatility index, Nifty VIX, rose 3.8% and closed at 12 points. Eicher Motors closed higher as its net profit grew 9.4% YoY to Rs 1,205.2 crore in Q1FY26, helped by inventory destocking. Revenue increased 14.8% YoY to Rs 5,041.8 crore.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red, tracking the benchmark index. Nifty Pharma and S&P BSE Telecom were among the worst-performing indices of the day. According to Trendlyne’s sector dashboard, Pharmaceuticals & Biotechnology emerged as the worst-performing sector of the day, with a fall of 3.1%.

European indices are trading lower, except Russia’s RTSI and MOEX indices, which are trading 0.5% higher, each. Major Asian indices closed in the red, except Malaysia’s KLCI and Sri Lanka’s CSE All-Share indices, which closed 1.3% and 1.2%, respectively. US index futures are trading lower, indicating a cautious start to the session as the White House says it will raise tariffs on multiple countries as President Trump’s August 1 deadline passes.

  • Relative strength index (RSI) indicates that stocks like Bosch, Syrma SGS Technology, EID Parry, and Schneider Electric are in the overbought zone.

  • Adani Power's Q1 FY26 net profit falls 15.5% YoY to Rs 3,305 crore due to higher operating expenses. Revenue declines 5.8% YoY to Rs 14,573.7 crore on lower power tariff realisations. The board approves a stock split in the proportion of 1:5.

  • Great Eastern Shipping is falling as its Q1FY26 net profit declines 37.9% YoY to Rs 504.5 crore. Revenue decreases 21.5% YoY to Rs 1,336.9 crore due to reductions in the shipping and offshore segments. It shows up in a screener of stocks with declining revenue for the past four quarters.

  • Textile stocks like KPR Mill, Welspun Living, and Gokaldas Exports fall after the US cuts import duties on Bangladeshi goods to 20% from 35%, giving an edge to a key competitor of Indian garment exporters. These companies derive 40–70% of their revenue from the US and now face pricing pressure.

  • Oil marketing companies cut the price of a 19 kg commercial LPG cylinder by Rs 33.5, effective August 1. The revised retail price for the 19 kg cylinder is now Rs 1,631.5, while prices for 14.2 kg domestic cylinders remain unchanged.

  • Godrej Properties' Q1FY26 net profit rises 15.4% YoY to Rs 600 crore, driven by lower finance costs and higher other income. Revenue declines 4.7% YoY to Rs 1,620.3 crore due to a drop in project bookings. The firm appears in a screener of stocks with zero promoter pledge.

  • Chalet Hotels rises to a new all-time high of Rs 1,082 as its net profit surges 2.3X YoY to Rs 203.2 crore in Q1FY26. Revenue increases 1.5X YoY to Rs 894.6 crore, driven by a one-time revenue of Rs 439 crore from its Bengaluru residential project during the quarter. The company appears in a screener of stocks outperforming their industry price change over the past quarter.

  • RR Kabel's net profit jumps 39.4% YoY to Rs 89.7 crore in Q1FY26. Revenue grows 13.4% YoY to Rs 2,070.9 crore, driven by higher exports and strong growth in the wires & cables segment. The firm appears in a screener of stocks where foreign institutional investors (FIIs) are increasing their shareholding.

  • The Andhra Pradesh government approves the Electronics Component Manufacturing Policy 4.0, offering a wide range of incentives to attract large-scale investments in electronics component production. Valid until 2030, the policy is expected to benefit Indian manufacturers like Syrma SGS and Dixon Technologies, with Syrma SGS likely to be the first major applicant.

  • TCPL Packaging's revenue grows 4.7% YoY to Rs 426.9 crore, driven by strong growth in the paperboard and flexible packaging segments. Net profit declines 29.7% YoY to Rs 22.3 crore due to higher interest expenses. The firm appears in a screener of stocks with zero promoter pledge.

  • Sun Pharmaceutical Industries is falling sharply as its Q1FY26 net profit declines 19.6% YoY to Rs 2,278.6 crore due to higher raw materials, inventory, employee benefits, and finance costs. However, revenue grows 8.6% YoY to Rs 14,315.9 crore, driven by improvements in the Indian, US, emerging markets (EM), and rest of the world (RoW) formulations segments. It shows up in a screener of stocks with high promoter pledges.

  • IIFL Finance falls sharply as its net profit declines 19% YoY to Rs 233.4 crore in Q1FY26, due to higher finance costs and impairment of some financial assets. However, its revenue rises 12.7% YoY, driven by a 21% rise in assets under management (AUM). The company shows up in a screener of stocks where promoters are decreasing their shareholding.

  • G. Shivakumar, Executive Director and CFO of Great Eastern Shipping, says dry bulk freight rates are currently above Q1 levels. He notes that replacing Russian oil with supplies from West Asia could hurt the market. He adds that average dry bulk rates range between $15,000 and $16,000.

  • Coal India's Q1FY26 net profit beats Forecaster estimates by 2.4% despite dropping 20.2% YoY to Rs 8,743.4 crore due to higher finance and contractual expenses. Revenue decreases 2.3% YoY to Rs 37,458.1 crore amid lower coal production. It appears in a screener of stocks with prices below short, medium, and long-term moving averages.

  • Pricol's Q1FY26 net profit grows 9.5% YoY to Rs 49.8 crore. Revenue rises 44.3% YoY to Rs 897.5 crore, driven by higher sales volumes and strong order inflow from automobile original equipment manufacturers. The stock appears in a screener of companies with low debt.

  • Shanti Gold International's shares debut on the bourses at a 14.3% premium to the issue price of Rs 199. The Rs 360.1 crore IPO received bids for 81.2 times the total shares on offer.

  • Jane Street is reportedly not cooperating with the Income Tax Department in the ongoing investigation. Reports indicate the firm maintains its books overseas, despite Indian company law requiring local record-keeping. It has only a minimal staff presence in India, who are also said to be uncooperative. This development follows an I-T survey conducted a day earlier at the Mumbai office of Jane Street’s local trading partner, Nuvama Wealth Management.

  • Aarti Industries is falling as its net profit declines 68.6% YoY to Rs 43 crore in Q1FY26 due to higher raw material prices and lower realisation in its specialty chemicals segment. Revenue falls 9.8% YoY to Rs 1,679 crore due to weak demand. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past month.

  • Suzlon Energy is rising as it bags a 381 MW wind turbine order from Zelestra. The company will supply 127 S144 wind turbine generators and commission the project across Maharashtra, Madhya Pradesh, and Tamil Nadu.

  • PNB Housing Finance is falling as its Chief Executive Officer (CEO) & Managing Director (MD), Girish Kousgi, tenders his resignation, effective October 28.

  • India's manufacturing PMI hits a 16-month high of 59.1 in July, up from 58.4 in June, driven by robust growth in new orders and output. However, business confidence and hiring showed signs of softening.

  • JSW Energy's Q1FY26 net profit jumps 42.4% YoY to Rs 743.1 crore. Revenue grows 77.8% YoY to Rs 5,411.2 crore, driven by improvements in the thermal and renewables segments. It features in a screener of stocks with high trailing twelve-month (TTM) EPS growth.

  • City Union Bank is rising as its net profit grows 15.7% YoY to Rs 305.9 crore in Q1FY26. Revenue increases 15.6% YoY to Rs 1,605.3 crore, driven by improvements in the treasury, retail and wholesale banking segments during the quarter. The bank's asset quality improves as its gross and net NPAs declines by 89 bps and 67 bps YoY, respectively.

  • Swiggy is falling sharply as its Q1FY26 net loss expands 95.9% YoY to Rs 1,197 crore due to higher inventory, employee benefits, finance, advertising & sales, and delivery expenses. However, revenue grows 52.5% YoY to Rs 5,048 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 low Piotroski scores.

  • Eicher Motors is rising as its net profit grows 9.4% YoY to Rs 1,205.2 crore in Q1FY26, helped by inventory destocking. Revenue increases 14.8% YoY to Rs 5,041.8 crore, driven by strong sales of new and updated models like the Hunter 350 and higher exports. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past two months.

  • Nifty 50 was trading at 24,726 (-42.4, -0.2%), BSE Sensex was trading at 81,074.41 (-111.2, -0.1%) while the broader Nifty 500 was trading at 22,902.65 (-12.3, -0.1%).

  • Market breadth is in the green. Of the 1,979 stocks traded today, 1,262 showed gains, and 674 showed losses.

Riding High:

Largecap and midcap gainers today include Suzlon Energy Ltd. (65.95, 7.1%), Waaree Energies Ltd. (3,104, 3.7%) and Trent Ltd. (5,180, 3.2%).

Downers:

Largecap and midcap losers today include GlaxoSmithKline Pharmaceuticals Ltd. (2,900, -8.3%), UPL Ltd. (665.15, -5.5%) and Aurobindo Pharma Ltd. (1,079.80, -5.3%).

Volume Rockets

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

Top high volume gainers on BSE included KIOCL Ltd. (362.05, 13.9%), Suzlon Energy Ltd. (65.95, 7.1%) and Supreme Petrochem Ltd. (830, 5.6%).

Top high volume losers on BSE were PNB Housing Finance Ltd. (808.45, -18.0%), IIFL Finance Ltd. (427.20, -10.6%) and GlaxoSmithKline Pharmaceuticals Ltd. (2,900, -8.3%).

Chalet Hotels Ltd. (890.35, -2.1%) was trading at 82.4 times of weekly average. Network18 Media & Investments Ltd. (57.47, 3.6%) and Procter & Gamble Health Ltd. (6217, 5.5%) were trading with volumes 22.2 and 9.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

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

Stocks touching their year highs included - Bosch Ltd. (40,115, -0.7%), eClerx Services Ltd. (3,790, 0.6%) and Fortis Healthcare Ltd. (860.95, 0.4%).

Stocks making new 52 weeks lows included - Tata Consultancy Services Ltd. (3,003, -1.1%) and Five-Star Business Finance Ltd. (598.25, 0.8%).

8 stocks climbed above their 200 day SMA including Network18 Media & Investments Ltd. (57.47, 3.6%) and MMTC Ltd. (66.27, 2.5%). 37 stocks slipped below their 200 SMA including PNB Housing Finance Ltd. (808.45, -18.0%) and Capri Global Capital Ltd. (175.36, -5.9%).

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The Baseline
31 Jul 2025
By Abdullah Shah

2025 began with US President Trump launching a wave of reciprocal import tariffs on all its trading partners, sparking fears of an economic slowdown, and launching a global race to cut trade deals with the US. Just before the August 1 deadline, Trump announced a 25% tariff on Indian imports and warned of additional penalties over India’s ongoing oil and arms trade with Russia. The move has raised concerns about the future of India–US trade relations.

The US also imposed 50% tariffs on most Brazilian goods, 19% on the Philippines, and 15% on South Korea. A flat 50% tariff was also introduced on all semi-finished copper products and copper-intensive derivatives, disrupting global supply chains in manufacturing and electronics.

The US economy has long had a reputation for policy stability. This over the decades, has made US treasuries and the dollar the chosen “safe haven” for countries globally. But these tariffs, along with Trump’s threats on Truth Social, a new deficit-busting spending bill and the Federal Reserve's slowing rate cuts, have added fresh uncertainty and weakened the dollar. 

The Fed paused rate cuts in late 2024, but investors now expect two more cuts in the second half of 2025. Other central banks, including Brazil, Mexico and Japan, are holding rates steady. This has given the ‘carry trade’ strategy a boost, where investors borrow in low-interest currencies (like the USD) and invest in higher-yielding ones, making money off the higher interest.

Growing concern about the country’s long-term finances is adding pressure to the US dollar. The government’s rising debt, ongoing budget deficits, and repeated political standoffs over the debt ceiling have spooked investors. In May, Moody’s downgraded the US credit outlook from ‘stable’ to ‘negative’, warning that “persistent, large fiscal deficits will drive the government’s debt and interest burden higher” without stronger fiscal policies. 

Speaking on the deteriorating US dollar, RBC Global Asset Management’s Managing Director & Senior Portfolio Manager, Daniel Mitchell, said, “Trump's second term, we think, will come to be known as marking the beginning of a multi-year dollar decline and a momentous shift for foreign-exchange markets that will impact the broader investment landscape.”

In this week’s Chart of the Week, we explore the dollar’s performance in 2025. The Russian ruble, euro, and Singapore dollar have gained ground. India stands out as the only major economy whose currency has weakened against the dollar. The rupee's fall is driven by foreign investor outflows, volatile crude prices, and US tariffs, all adding pressure on the Indian economy.

Foreign outflows, oil swings and policy worries weigh on the rupee

The Indian rupee has weakened against the US dollar in 2025, hitting an all-time low of Rs 87.7 per dollar on July 31. The decline deepened after US President Trump announced 25% import tariffs on Indian goods, excluding pharmaceuticals and electronics, effective August 1.

The US is India’s largest export destination, generating $86 billion in FY25. These tariffs are expected to reduce Indian exports, widen the overall trade deficit, and lower demand for the rupee among US importers.

Although global crude oil prices have stayed low, occasional spikes—driven by tensions in the Middle East—have raised India’s import costs and increased the demand for US dollars, adding further pressure on the rupee.

Another factor weighing on the rupee is persistent selling by foreign investors. In 2025, they have remained net sellers due to a mix of weak stock performance and uncertainty over India–US trade negotiations. Add to that expectations of interest rate cuts from the RBI, and the rupee appears less attractive to global investors.

The RBI has cut interest rates by 100 bps this year to support growth and may ease further. In contrast, the US Federal Reserve has held rates steady. While India’s rates are still higher than the US, the narrowing interest rate gap reduces the appeal of rupee-denominated assets, making dollar assets more attractive. Despite RBI’s earlier interventions in the forex market to support the rupee, these efforts have not been enough to stem its decline.

Carry trade drives Brazilian real and Mexican peso’s appreciation against the US dollar

The Brazilian real and Mexican peso have surged 13% and 10.9% against the US dollar in 2025, fueled by the popular ‘carry trade’ strategy.

To combat rising inflation, Brazil hiked interest rates from 11.3% in November 2024 to 15% by June 2025—far above the US rate of 4.5%. This wide interest rate gap attracted global investors seeking higher returns.

The Bank of Mexico (Banxico) has also kept rates relatively high, cutting gradually to 8% in June 2025 from 11.3% in 2023. Despite the drop, the rate remains attractive compared to the US.

Additionally, Mexico is benefiting from the nearshoring trend, as companies shift supply chains closer to the US, driving foreign investment into its manufacturing sector and boosting exports.

Eurozone’s euro & UK’s pound get a boost from foreign investments

The Eurozone’s euro and the United Kingdom’s (UK’s) British pound improved by 10.6% and 5.9%, respectively against the US dollar in 2025. The Eurozone and the UK have seen strong growth in foreign investments during the year. The Eurozone won investments in the green initiatives and AI infrastructure sectors, while the UK attracted investments in the real estate, fintech, and green energy sectors. 

The Eurozone’s European Central Bank (ECB) cut its policy rate to 2.2%, but indicated that there will be no further rate cuts. Meanwhile, the UK’s Bank of England (BoE) kept the policy rate unchanged at 4.3% in its meeting in June, citing persistent inflation in the services sector.

The UK’s GDP growth in the first quarter of 2025 was stronger than expected, outperforming other G7 economies and reinforcing confidence in its ability to withstand global pressures, further driving the momentum of the British pound.

Yen recovers, yuan holds firm as Asian currencies strengthen

Japan’s yen is making a comeback in 2025 after hitting record lows last year. In January, the Bank of Japan raised its interest rate from 0.25% to 0.5%, its biggest hike since 2007, ending years of ultra-low rates. This move has encouraged global investors to return to Japanese bond markets. At the same time, large domestic investors, such as insurers and pension funds, are bringing money back home to invest locally. 

The Chinese yuan has remained stable in 2025 despite ongoing concerns about economic growth. While foreign investors have largely stayed away, the Chinese government has rolled out new stimulus measures to revive demand. State-owned banks have stepped in to support the yuan when needed. This combination of targeted support and early signs of recovery has helped keep the currency steady.

The Singapore dollar has risen 5.5% this year. With low inflation and no major policy shifts, investors continue to see it as a safe and dependable currency.

The Australian dollar is also holding up well in 2025, backed by strong global demand for commodities, especially iron ore. China’s consistent need for Australian iron ore has been a key driver. The Reserve Bank of Australia has kept interest rates unchanged this year, which has further supported the currency.

The Russian ruble surges against the US dollar, backed by a high policy rate

The Russian ruble (RUB) has endured extreme volatility against the US dollar since Russia's 2022 invasion of Ukraine. It initially plunged to RUB 134 per dollar in February 2022 due to sweeping Western sanctions

Aggressive countermeasures by the Russian Central Bank, including strict capital controls and demands for ruble payments for natural gas, coupled with high energy prices, led to a remarkable recovery to RUB 54.2 by June 2022.

From that peak, the ruble depreciated steadily, hitting RUB 110.4 per dollar in January 2025, influenced by declining export revenues, rising imports, and new US sanctions. Yet, 2025 has brought a rebound, with the ruble strengthening to RUB 77.2 per dollar by May. The general weakening of the US dollar, combined with the Russian Central Bank's high 18% policy rate, has made the ruble a more attractive currency to hold.

Market closes lower, Emami's net profit grows 7.6% YoY to Rs 164.3 crore in Q1
By Trendlyne Analysis

Nifty 50 closed at 24,768.35 (-86.7, -0.4%), BSE Sensex closed at 81,185.58 (-296.3, -0.4%) while the broader Nifty 500 closed at 22,914.95 (-118.6, -0.5%). Market breadth is in the red. Of the 2,472 stocks traded today, 847 were in the positive territory and 1,583 were negative.

Indian indices closed in the red following US President Donald Trump’s announcement of a 25% tariff on Indian exports, along with an unspecified additional tariff for importing from Russia. The Indian volatility index, Nifty VIX, rose 3% and closed at 11.5 points. Hindustan Unilever closed 3.4% higher as its Q1FY26 net profit grew 5.6% YoY to Rs 2,756 crore, helped by lower advertising & promotion expenses and inventory destocking.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the red, following the benchmark index. Nifty FMCG and BSE FMCG Sector were among the top index gainers today. According to Trendlyne’s Sector dashboard, FMCG emerged as the best-performing sector of the day, with a rise of 1.4%.

Asian indices closed in the red, while European indices are trading mixed. US index futures traded in the green indicating a positive start to the trading session. South Korea became the latest nation to finalize a trade deal with the US. Under the agreement, it will pay a 15% tariff, invest $350 billion in the US, and buy $100 billion worth of LNG or other energy products. In return, South Korea will impose zero tariffs on US goods.

  • Money flow index (MFI) indicates that stocks like Anand Rathi Wealth, Craftsman Automation, EID Parry, and Syrma SGS Technology are in the overbought zone.

  • Dr Lal PathLabs' Q1 FY26 net profit rises 24.3% YoY to Rs 134 crore. Revenue grows 11.3% YoY to Rs 670 crore, driven by a higher number of medical tests and supported by expansion across metro, Tier-I, and Tier-III markets. The stock appears in a screener of companies with no debt.

  • Emami is rising as its net profit grows 7.6% YoY to Rs 164.3 crore in Q1FY26, driven by lower inventory-related expenses. However, revenue falls marginally by 0.2% YoY to Rs 904.1 crore due to weaker domestic sales during the quarter. The company appears in a screener of stocks with improving RoCE over the past two years.

  • Jubilant Ingrevia rises sharply as its Q1FY26 net profit jumps 54.1% YoY to Rs 75.1 crore, driven by lower raw materials, finance, and power & fuel expenses. Revenue grows 14.8% YoY to Rs 1,049.2 crore, helped by improvements in the speciality chemicals segment. It appears in a screener of stocks where promoters are decreasing their pledged shares.

  • Textile and apparel stocks decline following the Trump's 25% tariff announcement on Indian exports. The US is India's largest market for textile and apparel products, accounting for nearly 42% of the country's total textile exports. According to the Commerce Ministry, India exported $34.4 billion worth of textiles in FY24, underscoring the sector's importance to the nation’s manufacturing and export economy.

  • TVS Motor's revenue rises 18.4% YoY to Rs 12,210 crore in Q1FY26, driven by improvements in the automobiles, vehicles & parts and financial services segments. Net profit surges 32.3% YoY to Rs 610 crore during the quarter. It features in a screener of stocks with improving book value per share over the past two years.

  • DCB Bank's Q1FY26 net profit rises 19.7% YoY to Rs 157.3 crore. Revenue increases 21.8% YoY to Rs 1,813.6 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 declines by 35 bps and 4 bps YoY, respectively.

  • Hitachi Energy India is falling sharply as its Q1FY26 net profit misses Forecaster estimates by 5.9% despite surging 12.6x YoY to Rs 132 crore. Revenue grows 15.3% YoY to Rs 1,530 crore, driven by improvements in operational efficiency and order execution. It shows up in a screener of stocks with high market capitalisation and low public shareholding.

  • The Securities and Exchange Board of India (SEBI) issues a confirmatory order against Gensol Engineering and its promoter-directors, Anmol Singh Jaggi and Puneet Singh Jaggi, upholding its April order that had prima facie found them involved in fund diversion and document falsification. SEBI rejected the brothers’ arguments challenging the order, stating that the challenge was unwarranted.

  • GMR Power & Urban Infra is falling sharply as it posts a Q1FY26 net loss of Rs 7.8 crore compared to a net profit of Rs 1,225.2 crore due to higher raw materials, inventory, and employee benefits expenses. However, revenue rises 1.9% YoY to Rs 1,768.1 crore, helped by improvements in the power and smart meter infrastructure segments. It shows up in a screener of stocks with high interest payments compared to earnings.

  • Tata Steel's Q1FY26 net profit surges 116.5% YoY to Rs 2,077.7 crore, helped by lower raw materials and inventory expenses. However, revenue declines 2.8% YoY to Rs 53,466.8 crore, caused by reductions in the Indian and Rest of the World markets. The company's board approves acquiring a 27% stake in Italy-based commercial vehicle manufacturer, Iveco SPA, at a valuation of Euro 3.8 billion (~ Rs 33,360 crore).

  • HEG's Q1 FY26 net profit grows 355% YoY to Rs 104.8 crore. Revenue rises 15.5% YoY to Rs 683.8 crore, driven by strong demand for graphite electrodes and lower finance costs. The board approves a capacity expansion plan to add 15,000 tonnes per annum (TPA) to its current 100,000 TPA, with an investment of Rs 650 crore.

  • The US imposes sanctions on six India-based companies over their alleged involvement in the trade of Iranian petroleum, petroleum products, or petrochemicals. The sanctioned firms are Kanchan Polymers, Alchemical Solutions, Ramniklal S Gosalia and Company, Jupiter Dye Chem, Global Industrial Chemicals, and Persistent Petrochem. Additionally, any entity that is 50% or more owned by these companies is also sanctioned.

  • Aurobindo Pharma's US subsidiary signs an agreement to acquire a 100% stake in Lannett Co, a US-based complex generic drugs maker. The deal is valued at $250 million (approx Rs 2,185 crore).

  • Navin Fluorine's Q1 FY26 net profit grows 128.8% YoY to Rs 117.1 crore. Revenue rises 38.5% YoY to Rs 739.3 crore, driven by strong growth in the contract development and manufacturing organisation (CDMO) and the specialty chemicals segments. The firm appears in a screener of stocks where foreign institutional investors (FIIs) are increasing their shareholding.

  • Brigade Hotel Ventures' shares debut on the bourses at a 9.9% discount to the issue price of Rs 90. The Rs 759.6 crore IPO received bids for 4.5 times the total shares on offer.

  • Shares of domestic shrimp feed exporters such as Apex Frozen Foods, Avanti Feeds and Coastal Corporation decline after US President Donald Trump imposed a 25% tariff and additional penalties on Indian exports. Indian shrimp exports to the US currently face a combined duty of 17.7%, including a 5.7% countervailing duty and a 1.8% anti-dumping duty, which is now expected to increase to 25%.

  • Kaynes Technology is rising as its net profit grows 46.9% YoY to Rs 74.6 crore in Q1FY26. Revenue increases 33.6% YoY to Rs 673.5 crore, driven by improvements in the electronics manufacturing businesses during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past two months.

  • ITD Cementation's Q1 FY26 net profit grows 37% YoY to Rs 137.2 crore. Revenue rises 6.7% YoY to Rs 2,556.8 crore, driven by strong order execution and lower finance costs. The firm appears in a screener of stocks where mutual funds have increased their shareholding in the past month.

  • Indus Towers is falling as its net profit declines 9.8% YoY to Rs 1,736.8 crore in Q1FY26 due to higher power and fuel costs, employee benefit expenses, and maintenance costs. However, revenue rises 9% YoY to Rs 8,057.6 crore, driven by higher tower deployments during the quarter. The company appears in a screener of stocks with improving ROE over the past two years.

  • Crude oil prices hit six-week highs, with Brent at $72.6 and WTI at $69.2 per barrel. The surge follows US President Trump's 25% tariff on Indian exports, penalties over India’s Russian oil trade, and the toughest sanctions on Iran since 2018. These sanctions target over 115 entities allegedly linked to Mohammad Hossein Shamkhani, the son of a senior adviser to Iran’s Supreme Leader.

  • Hindustan Unilever's Q1FY26 net profit grows 5.6% YoY to Rs 2,756 crore, helped by lower advertising & promotion expenses and inventory destocking. Revenue increases 0.5% YoY to Rs 16,715 crore, led by improvements in the home care, beauty & wellbeing, personal care, and food segments. It features in a screener of stocks with improving net cash flow over the past two years.

  • InterGlobe Aviation (Indigo) rises as its Q1FY26 revenue grows 6.4% YoY to Rs 21,542.6 crore during the quarter. However, net profit declines 20.2% YoY to Rs 2,176.3 crore due to higher aircraft maintenance, airport fees, inventory, employee benefits, and finance costs. It appears in a screener of affordable stocks with high returns on equity (RoE) and Trendlyne momentum scores.

  • CESC's Q1FY26 net profit grows 2.4% YoY to Rs 387 crore, helped by lower energy and fuel costs. Revenue rises 7% YoY to Rs 5,202 crore due to power demand across its distribution circles, especially in Kolkata, and improved electricity sales volumes. The company appears in a screener of stocks outperforming their industry price change over the quarter.

  • Mahindra & Mahindra rises as its Q1FY26 net profit jumps 24.4% YoY to Rs 4,083.3 crore owing to inventory destocking and higher tax returns. Revenue grows 23.4% YoY to Rs 46,446.1 crore, driven by improvements in the automotive, farm equipment, financial services, and industrial businesses & consumer services segments. It features in a screener of stocks with increasing revenue for the past eight quarters.

  • Markets fell in early trading. Nifty 50 was trading at 24,680.30 (-174.8, -0.7%), BSE Sensex was trading at 80,695.50 (-786.4, -1.0%) while the broader Nifty 500 was trading at 22,861.60 (-172.0, -0.8%).

  • Market breadth is highly negative. Of the 2,003 stocks traded today, 294 were in the positive territory and 1,651 were negative.

Riding High:

Largecap and midcap gainers today include Godrej Consumer Products Ltd. (1,259, 3.5%), Hindustan Unilever Ltd. (2,521.20, 3.4%) and Aditya Birla Capital Ltd. (256.65, 3.2%).

Downers:

Largecap and midcap losers today include Indus Towers Ltd. (363, -5.4%), Waaree Energies Ltd. (2,992.40, -4.8%) and Ambuja Cements Ltd. (592.70, -4.1%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Sagility India Ltd. (46.62, 10.0%), Kaynes Technology India Ltd. (6,172, 9.5%) and HEG Ltd. (573.10, 7.3%).

Top high volume losers on BSE were Aarti Industries Ltd. (420.05, -5.7%), Indus Towers Ltd. (363, -5.4%) and Sonata Software Ltd. (391.95, -5.3%).

Emami Ltd. (600.65, 6.3%) was trading at 17.5 times of weekly average. Zen Technologies Ltd. (1,464.10, -4.1%) and Graphite India Ltd. (572.75, 3.3%) were trading with volumes 15.0 and 12.7 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, while 2 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Bosch Ltd. (40,385, 0.8%), Coromandel International Ltd. (2,670, 0.7%) and EID Parry (India) Ltd. (1,228, -0.7%).

Stocks making new 52 weeks lows included - Tata Consultancy Services Ltd. (3,036.80, -0.6%) and Five-Star Business Finance Ltd. (593.80, -2.7%).

11 stocks climbed above their 200 day SMA including Emami Ltd. (600.65, 6.3%) and Thermax Ltd. (3,940.40, 2.7%). 31 stocks slipped below their 200 SMA including Hindustan Copper Ltd. (243.35, -5.8%) and Aarti Industries Ltd. (420.05, -5.7%).

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The Baseline
31 Jul 2025
The twenty year winners among sectoral indices | Screener: Stocks with rising momentum
By Tejas MD

Earnings season is underway, and no one is bursting fireworks yet. The early performance has been muted.

Heavyweights such as Bajaj Finance and Kotak Mahindra Bank took hits after reporting disappointing results. On the other hand, Eternal (Zomato) surprised with good numbers, thanks to its quick commerce segment Blinkit growing rapidly, and the stock shot up.

Overall, the mood on the street is not super upbeat.

The mixed earnings have weighed on sentiment, and the Nifty 50 is down 3% in July. But if you zoom out, the bigger picture still looks good: the index is up 4.5% for 2025 and on course for its tenth straight year of gains. Over the past two decades, it has ended the year in the red only three times. 

The positive trend for the Nifty is expected to continue in 2025. Nomura Research says, “With Indian fundamentals holding up amid global weakness, we’ve raised our Nifty target to 26,140 as select domestic-oriented sectors continue to outperform”. 

Looking past the short-term, have the top sectoral Nifty indices beaten the Nifty50 in the past few years? Let’s find out.

In this week’s Analytics,

  • Sectoral plays: Which Nifty index comes out on top?

  • Screener: Stocks outperforming the Nifty over the past year, with rising momentum scores


Two decades of sector performance: what worked, what didn't?

Over the last five years, investors seeking returns have been drawn to sectors such as Nifty Realty, Nifty Auto, and Nifty Metal, which have delivered impressive absolute returns. Six out of eight major sectoral indices beat the benchmark Nifty 50 over this period.

Nifty Realty and Metal lead in 5Yr gains—But do they hold up over time?

But if we dig deeper using Trendlyne’s share price analysis tool and check performance through the lens of risk-adjusted returns and a 20 year period, a different picture takes shape.

Returns vs risk: Nifty Healthcare and Consumer Durables race ahead

To get a clear view of sector performance, we analysed the median return and standard deviation of top sectoral indices over the last twenty years, covering multiple market upcycles and downturns.

If we just look at the previous chart, Nifty Realty looks like a star performer with the highest five year gain. But it is also one of the most volatile indices. Its median return is just 5%, the lowest among the eight, compared to the Nifty 50’s 13.5%. 

Realty also has the second-highest standard deviation, signaling a moody index that takes its investors on a roller coaster ride. When it does well, it's spectacular. When it does badly, it is a portfolio killer. During the 2008 housing crash, it tanked 83% in a single year, a stark reminder of its cyclical nature.

Nifty Healthcare and FMCG deliver high median returns with lower volatility 

In contrast, the Nifty Consumer Durables and Nifty Healthcare indices stand out for their strength and stability. Consumer Durables delivered a strong median return of 23%, while Healthcare followed with 18%, both comfortably ahead of the broader index.

What sets Healthcare apart is not just return, but risk. With a standard deviation even lower than the Nifty 50, it offers a rare mix of high returns and low volatility—a stable combination for long-term investors. Everyone needs healthcare, even during lean times.

Beating the cycles: who is the 20 year outperformer?

If you are looking for consistency, look no further than the Nifty 50 itself.

Over the past 20 years, the index has ended in the red in only three years: 2008, 2011, and 2015. It's now on track for a tenth consecutive year of gains.

Among sectoral indices, Nifty FMCG has been the most stable, closing in the green in 80% of the 20 years. 

Nifty 50: the king of consistent yearly gains over the past 20 years

Nifty FMCG has shown its defensive strength during volatile periods, posting positive returns in both 2011 and 2015, when the Nifty 50 fell. In 2011, it outperformed the benchmark by a staggering 32 percentage points, cementing its reputation as a go-to sector in uncertain times.

When it comes to outperformance, Bank Nifty comes out on top, beating the Nifty 50 in 14 out of 20 years. Consumer Durables and Auto follow closely, outperforming in 13 of those years.

Which sector is in the spotlight now?

Over the past year, only Nifty Healthcare and Nifty Bank have emerged as the major sectoral indices that outperformed the Nifty 50. Interestingly, both carry lower beta than the index, meaning they are less sensitive to market swings.

Vinod Nair, head of research at Geojit Investments, said “Optimism is building around the possibility of a favorable India-US trade deal, especially after the trade deal between the US and European Union (EU) suggests lower-than-expected tariff rates. This could help ease uncertainty around Indian pharma exports”.

Nifty Healthcare and Bank Nifty: The only major indices that beat the Nifty 50 last year

What about valuations? Only two Nifty indices, the Bank Nifty and Nifty Metal, trade at a lower P/E ratio than the Nifty 50. 

Nifty 50 and Bank Nifty trade below their 5-year average with lower PEs

Nifty Bank has the lowest PE ratio among major indices, and still ranks as the best performer over the last year. 

What’s powering the market: Sector leaders and stock outperformers

Of the two indices that outperformed the Nifty 50 in the past year, Nifty Healthcare shows broader strength, with 12 of its 20 stocks in the green.

While Bank Nifty is the top performer, it is heavily reliant on HDFC Bank’s 24% surge. Just five of its 12 constituents posted gains, with the rest dragging.

Nifty Healthcare’s momentum is driven by strong domestic pharma demand, global contract manufacturing growth, and easing US pricing pressures. Laurus Labs, Glenmark Pharma and Divi’s Labs are benefiting from these tailwinds. 

Hospital stocks, such as Fortis and Max Healthcare, are also among the top performers, driven by rising patient volumes, increased bed capacity, and higher revenue per bed.

Nifty Healthcare outpaces Nifty 50 with broad-based momentum

Over the past year, banking stocks have benefited from strong net interest income, falling repo rate, low NPAs, and digital upgrades. HDFC Bank, ICICI Bank, Au Small Finance Bank, Kotak Mahindra Bank, and Federal Bank are the top-performing stocks in the Bank Nifty over the past year. Kotak Mahindra Bank makes it to the list despite falling sharply post its weak results. 


Screener: Stocks outperforming the Nifty over the past year with rising momentum scores

Laurus Labs, Syrma SGS have the highest Trendlyne momentum

With the Indian markets under pressure in July, we look at stocks with strong price growth, which are seeing a rise in momentum. This screener shows stocks outperforming the Nifty over the past year, and gaining over five years, with growing Trendlyne momentum scores. 

The screener is dominated by stocks from the pharmaceuticals, healthcare facilities, asset management, housing finance, iron & steel products, and capital markets industries. Major stocks in the screener are Laurus Labs, Syrma SGS Technology, SBI Life Insurance, Krishna Institute of Medical Sciences, HDFC Asset Management, Fortis Healthcare, UPL, and Anand Rath Wealth

Syrma SGS Technologies has the highest Trendlyne momentum score of 70.8, with the stock rising 56.9% over the past month. This electrical equipment company’s Q1FY26 net profit surged 157.8% YoY, beating Forecaster estimates by 28.5%. An improvement in product mix, driven by reduced contribution from the lower margin consumer segment (34% of revenue vs 53% in Q1FY25) and increased contribution from the higher margin automotive and industrial segments, helped net profit to grow.

However, its revenue declined 18.3% YoY due to a reduction in the consumer and railways segments. But this is in line with the management’s aim to reduce the consumer segment’s contribution to 30% of revenue in FY26.

Laurus Labs also shows up in the screener with a Trendlyne momentum score of 69.5. This pharma stock surged 102.6% over the past year. The company’s momentum increased after its Q1FY26 net profit and revenue jumped 13x and 32% YoY, beating Forecaster estimates by 55.1% and 8.2%, respectively. Its revenue growth outpaced the rise in expenses, helping improve profitability. On the other hand, improvements across the contract development & manufacturing organisation (CDMO) and generics businesses drove revenue growth. 

You can find some popular screeners here.

Market closes higher, Punjab National Bank's gross NPAs fall 120 bps YoY in Q1
By Trendlyne Analysis

Nifty 50 closed at 24,855.05 (34.0, 0.1%), BSE Sensex closed at 81,481.86 (143.9, 0.2%) while the broader Nifty 500 closed at 23,033.55 (26.2, 0.1%). Market breadth is holding steady. Of the 2,468 stocks traded today, 1,207 were in the positive territory and 1,225 were negative.

Indian indices closed higher after switching between losses and gains throughout the day. The Indian volatility index, Nifty VIX, fell 2.8% and closed at 11.2 points. Larsen & Toubro closed 4.9% higher after its Q1FY26 revenue grew 16.1% YoY to Rs 65,035.7 crore, beating Forecaster estimates by 3.3%.

Nifty Smallcap 100 closed lower, while Nifty Midcap 100 closed flat. Nifty Media and Nifty Realty were among the top index losers today. According to Trendlyne’s sector dashboard, Telecommunications Equipment emerged as the worst-performing sector of the day, with a fall of 1.5%.

Asian indices closed mixed. European indices are trading mixed. US index futures are trading flat or higher as investors await the Federal Reserve’s interest rate decision, due later tonight. The Fed is widely expected to keep rates unchanged. Key earnings from Microsoft, Meta and Robinhood are also due later today. Brent crude futures are trading lower after rising 3.4% on Tuesday.

  • Relative strength index (RSI) indicates that stocks like Laurus Labs, Syrma SGS Technology, Bosch, and Torrent Pharma are in the overbought zone.

  • KPIT Technologies rises sharply as its management credits strong deal wins from top 25 clients to drive revenue growth in H2FY26. However, the company's revenue falls 1.3% QoQ to Rs 1,554 crore and net profit drops 29.8% to Rs 171.9 crore. It features in a screener of stocks where mutual funds increased their shareholding in the past quarter.

  • Redington's Q1 FY26 net profit surges 11.9% YoY to Rs 275.2 crore. Revenue grows 21.9% YoY to Rs 26,001 crore, driven by growth in the mobility and cloud businesses and strong order execution. The company appears in a screener of stocks where mutual funds have increased their shareholding over the past month.

  • Analysts maintain a positive outlook on Varun Beverages, citing strong growth potential. Goldman Sachs raises its target price to Rs 610, while CLSA lowers it to Rs 774. Goldman notes that despite weaker volume growth in India, the company maintains profit margins through operational efficiencies. While, CLSA highlights that capex in the company's India segment is expected to reduce to Rs 600 crore from Rs 700 crore.

  • Punjab National Bank is falling as its net profit plunges 48.5% YoY to Rs 1,675 crore in Q1FY26 due to higher taxes. However, revenue increases 11.9% YoY to Rs 31,963.9 crore, driven by improvements in the treasury, retail and wholesale banking segments during the quarter. The bank's asset quality improves as its gross and net NPAs declines by 120 bps and 22 bps YoY, respectively.

  • Procter & Gamble Hygiene & Healthcare rises sharply as its Q1FY26 net profit surges 136.9% YoY to Rs 192.1 crore, helped by lower raw materials, inventory, employee benefits, and advertising & sales expenses. Revenue grows 0.6% YoY to Rs 944.7 crore during the quarter. It features in a screener of stocks with zero promoter pledge.

  • Tilaknagar Industries' board of directors approves a preferential issue of equity shares and warrants worth Rs 2,296 crore. The proceeds are intended to fund the acquisition of the Imperial Blue business division and meet general corporate expenses.

  • With Europe's solar market weakening due to declining electricity prices, India is reportedly exploring new export opportunities in the United States and West Asia. Ongoing efforts aim to resolve export-related challenges, and India is actively collaborating with the US-India Business Council (USIBC) to promote the export of solar modules.

  • IFB Industries' Q1FY26 net profit falls 30.3% YoY to Rs 26.2 crore due to higher raw material costs and increased purchase of finished goods. However, revenue rises 5.5% YoY to Rs 1,338.3 crore, driven by improvements in the home appliances and engineering segments during the quarter. The company appears in a screener of stocks with improving ROE over the past two years.

  • NTPC is rising as its Q1FY26 net profit grows 9.8% YoY to Rs 6,010.6 crore, helped by lower fuel, electricity, and employee benefits expenses. However, revenue declines 2.4% YoY to Rs 47,821.1 crore due to lower power generation revenues. It appears in a screener of stocks where FIIs are increasing their shareholding.

  • Asian Paints' Q1FY26 revenue falls marginally by 0.3% YoY to Rs 8,938.6 crore, impacted by the decorative business segment. Net profit decreases 6% YoY to Rs 1,099.8 crore during the quarter. The company appears in a screener of stocks where promoters increased pledged shares QoQ.

  • Counterpoint Research highlights that India’s smartphone market records its best-ever second quarter in value terms, driven by a surge in ultra-premium device sales and aggressive affordability programs from Apple and Samsung. In the April–June period, the market grew 18% in value and 8% in volume compared to the same quarter last year. The ultra-premium segment (above Rs 45,000) was the fastest-growing price tier, rising 37% YoY.

  • KEC International is rising as it secures an order worth Rs 1,509 crore across its businesses. Its transmission & distribution (T&D) unit receives orders to supply transmission towers in the Americas and the Middle East. In the cables & conductors segment, it secures a contract to supply cables and conductors in India and the overseas market.

  • Dilip Buildcon is rising sharply as its Q1FY26 net profit surges 91.6% YoY to Rs 229 crore, driven by sales of hybrid annuity model (HAM) projects worth Rs 169.3 crore. However, revenue declines 10.1% YoY to Rs 2,836.5 crore due to reductions in the engineering, procurement & construction (EPC) projects and road infrastructure maintenance segments. It features in a screener of undervalued growth stocks.

  • GNG Electronics’ shares debut on the bourses at a 49.8% premium to the issue price of Rs 237. The Rs 460.4 crore IPO received bids for 147.9 times the total shares on offer.

  • Manoj Tulsian, Joint MD and CEO of Greenply Industries, says Q1FY26 was subdued, but demand has picked up in July. He expects net debt to fall to Rs 400–425 crore and PAT to reach Rs 120–130 crore by FY26, supported by double-digit margins.

  • Indiqube Spaces' shares debut on the bourses at a 8.9% discount to the issue price of Rs 237. The Rs 700 crore IPO received bids for 12.4 times the total shares on offer.

  • Aadhar Housing Finance promoter BCP Topco VII Pte (Blackstone) to sell 4.41 crore shares (6.3% stake) at Rs 425 per share to AXDI LDII SPV 1 (Advent International), worth Rs 1,870 crore.

  • Tata Motors falls as it reportedly plans to acquire Italian truck maker Iveco group's truck business from the Agnelli family for Rs 37,350 crore ($4.5 billion).

  • Motilal Oswal maintains a 'Neutral' rating on Asian Paints with a target price of Rs 2,500. The brokerage sees ongoing challenges for the company, noting that a full recovery is still some time away. It observes early signs of demand improvement in urban areas, while rural demand remains stable. Management expects recovery in September this year and aims for single-digit value and volume growth, with EBITDA margin guidance of 18–20% for FY26.

  • GE Vernova T&D India's Q1 FY26 net profit grows 116.5% YoY to Rs 291.2 crore. Revenue rises 38.8% YoY to Rs 1,330 crore, driven by strong order execution and higher export orders. The firm appears in a screener of stocks where foreign institutional investors (FIIs) are raising their shareholding.

  • Larsen & Toubro rises sharply as its Q1FY26 net profit jumps 29.8% YoY to Rs 3,617.2 crore, owing to inventory destocking and lower sales & administration and finance costs. Revenue grows 16.1% YoY to Rs 65,035.7 crore, helped by improvements in the infrastructure projects, energy projects, hi-tech manufacturing, IT & technology services, and development projects segments. It appears in a screener of stocks near their 52-week highs, with significant volumes.

  • Allied Blenders & Distillers rises to its new all-time high of Rs 512 as its net profit surges 4X YoY to Rs 56.6 crore in Q1FY26 due to lower excise duty on sales. Revenue increases 21.8% YoY to Rs 922.9 crore, driven by strong volume growth in the Prestige & Above (P&A) segment during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Bank of India rises as its Q1FY26 net profit grows 32.3% YoY to Rs 2,252.1 crore, helped by lower provisions. Revenue jumps 12.5% YoY to Rs 20,518.3 crore, helped by improvements in the treasury operations, retail and corporate banking segments. The bank's asset quality improves as its gross and net NPAs decline by 170 bps and 24 bps YoY, respectively.

  • Nifty 50 was trading at 24,862.05 (41.0, 0.2%), BSE Sensex was trading at 81,594.52 (256.6, 0.3%) while the broader Nifty 500 was trading at 23,064 (56.7, 0.3%).

  • Market breadth is ticking up strongly. Of the 1,956 stocks traded today, 1,509 were gainers and 395 were losers.

Riding High:

Largecap and midcap gainers today include Avenue Supermarts Ltd. (4,281.40, 7.1%), Coromandel International Ltd. (2,652.70, 6.3%) and Procter & Gamble Hygiene & Healthcare Ltd. (13,870, 6.0%).

Downers:

Largecap and midcap losers today include Samvardhana Motherson International Ltd. (98.92, -3.6%), Tata Motors Ltd. (668.45, -3.5%) and Swiggy Ltd. (401.10, -3.1%).

Volume Shockers

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

Top high volume gainers on BSE included The New India Assurance Company Ltd. (204.35, 17.8%), Sumitomo Chemical India Ltd. (652.25, 7.9%) and Jubilant Pharmova Ltd. (1,236.30, 7.2%).

Top high volume losers on BSE were Birla Corporation Ltd. (1,384.70, -8.5%), Redington Ltd. (265.45, -7.8%) and Blue Dart Express Ltd. (6,166, -4.7%).

Craftsman Automation Ltd. (6,863.50, 6.4%) was trading at 11.9 times of weekly average. General Insurance Corporation of India (381.95, 2.8%) and Star Health and Allied Insurance Company Ltd. (447.80, 4.9%) were trading with volumes 11.9 and 9.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

16 stocks made 52 week highs,

Stocks touching their year highs included - Bosch Ltd. (40,060, 0.4%), Coromandel International Ltd. (2,652.70, 6.3%) and EID Parry (India) Ltd. (1,228, 1.6%).

22 stocks climbed above their 200 day SMA including The New India Assurance Company Ltd. (204.35, 17.8%) and Procter & Gamble Hygiene & Healthcare Ltd. (13,870, 6.0%). 12 stocks slipped below their 200 SMA including Samvardhana Motherson International Ltd. (98.92, -3.6%) and Motherson Sumi Wiring India Ltd. (37.77, -3.1%).

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The Baseline
30 Jul 2025
Five stocks to buy from analysts this week - July 29, 2025
By Omkar Chitnis

1. Dixon Technologies:

Emkay maintains a ‘Buy’ rating on this consumer electronics company with a target price of Rs 19,000, a 13.2% upside. Analysts Chirag Jain and Jaimin Desai note that Dixon is expanding its smartphone manufacturing capacity to over 45 million units by FY26, up from 28.3 million in FY25, driven by in-house manufacturing and a strong order book.

Analysts believe that the company’s in-house manufacturing, including display modules, camera modules, and precision components, along with its upcoming facility expansion, will reduce dependency on external suppliers and improve profitability across the value chain. For FY26, Dixon has planned a capital expenditure of Rs 1,200 crore to scale up its camera and display module capacities.

Management highlights that Dixon is diversifying into higher-value segments by focusing on assembling printed circuit boards (PCBs) for industrial and automotive applications. Analysts expect this move will help Dixon tap into new demand segments and expand its customer base beyond consumer electronics.

The company is also gaining traction in third-party manufacturing for brands such as Panasonic, Samsung and Motorola across its home appliances, consumer electronics, and IT hardware segments, supported by a strong order book. Analysts expect healthy volume growth in H2FY26, driven by festive demand and rising orders from new brands. They forecast revenue and profit to grow at a CAGR of 28% and 50% respectively, by FY28.

2. Mastek:

Geojit BNP Paribas has a ‘Buy’ rating on this IT consulting & software firm, with a target price of Rs 3,260, a 32.9% upside. Mastek reported revenue of Rs 915 crore in Q1FY26, up 12.5% YoY, led by strong growth in the UK and Europe. Its UK healthcare segment benefited from digital upgrades under the national health service, supported by a £10 billion government investment in electronic records.

The company's 12-month order backlog increased 8.3% to Rs 2,348 crore, supported by steady demand for digital engineering, data analytics, and Oracle-led projects in the healthcare and commercial sectors. Management expects deal activity to pick up in the second half of the year as recent go-to-market investments, new leadership hires, and sales team expansion begin to show results.

Analysts are optimistic on Mastek due to its strong client relationships and healthy order pipeline, projecting 13.7% revenue growth and 15.3% net profit growth over FY26–27.

3. PCBL Chemical:

Prabhudas Lilladhar initiates a ‘Buy’ rating on this refinery company, with a target price of Rs 474, a 21.2% upside. In Q1FY26, revenue declined 1.6% YoY to Rs 2,119 crore, due to lower carbon black (CB) sales volume and weak realisations. Net profit fell 20.3% to Rs 94 crore, primarily due to higher employee expenses and depreciation.

The management expects strong opportunities for PCBL in North America and Europe following the shutdown of Luxembourg-based carbon black manufacturer Orion's facilities. The company plans to add 20,000 metric tonnes per annum (MTPA) of specialty black capacity at Mundra, increasing the total to 132,000 MTPA by the end of FY26.

Kaushik Roy, M.D, notes, "We aim to achieve 1 million tons of CB capacity by FY28. To support this, we have planned a capital expenditure of Rs 3,500 crore over the next five years to expand manufacturing capacity and increase exports to Europe and the US.

Analysts Saurabh Ahire and Swarnendu Bhushan expect CB volumes to grow 8% in FY26, supported by capacity expansion. They project EBITDA per tonne to rise to Rs 20,392 from Rs 17,791, led by a higher contribution from specialty products.

Analysts Ahire and Bhushan note that PCBL is expanding its specialty carbon black capacity and entering high-margin segments such as superconductivity-grade carbon black, acetylene black, and nano silicon. These additions are expected to enhance the product mix and improve the margin per tonne. They estimate PCBL’s revenue and net profit to grow at a CAGR of 14% and 36%, respectively, over FY26–FY27.

4. HDFC Bank:

IDBI Capital maintains a ‘Buy’ rating on this bank with a target price of Rs 2,250, indicating an 11.3% upside. In Q1FY26, the bank’s net interest margin (NIM) dropped 11 basis points YoY to 3.3% due to rising deposit costs and the impact of policy rate cuts. The management expects NIMs to normalise in the range of 3.5-3.6% by the end of FY27.

Analyst Bunty Chawla notes that in Q1FY26, the bank reported muted growth in net interest income (NII) amid a slowdown in loan growth. Despite this, substantial other income from the HDB stake sale boosted operating profit by 49%. The bank’s gross non-performing assets increased seven bps YoY to 1.4%, led by higher slippages during the quarter.

The management highlighted that the bank’s credit-to-deposit (CD) ratio improved to 95% from 110% in FY24, driven by strong deposit growth. They aim to reduce the CD ratio to around 85% by FY27. 

Analysts expect short-term pressure on NIM due to slower loan growth, as the bank prioritises strengthening its balance sheet over aggressive lending, but Chawla maintains a positive long-term outlook. They project NII to grow at a CAGR of 11% over FY26–27, supported by stable asset quality and stronger credit growth.

5. CreditAccess Grameen:

ICICI Securities maintains a ‘Buy’ rating on this microfinance NBFC with a target price of Rs 1,400, a 23.6% upside. Analysts Renish Bhuva, Chintan Shah, and Gaurav Toshniwal highlight that the company performed better than most of its peers. Its credit cost was 8% in FY25, significantly lower than the industry average of over 10%, indicating a stronger asset quality and a resilient business model.

Analysts also believe that while the rest of the industry struggles with high costs from risky loans, CreditAccess Grameen is positioned for better results. This is due to its stable repayment trends, improving collections and limited stress from newer loans.

The company's management reports that although microfinance is still its core business, it is expanding into other areas like retail lending. This move helps to diversify its services and reduce overall financial risk. Consequently, the share of non-microfinance loans has more than doubled YoY in Q1FY26, now making up 6.8% of the business.

CA Grameen’s total provisions (safety fund for bad loans) declined for the third quarter in a row, which helped its net profit grow by 27% in Q1. Following this trend, analysts expect the company's net profit to grow at a CAGR of 76% over FY26–27.

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

(You can find all analyst picks here)

Market closes higher, Apar Industries' Q1 net profit rises 29.8% YoY to Rs 262.9 crore
By Trendlyne Analysis

Nifty 50 closed at 24,821.10 (140.2, 0.6%), BSE Sensex closed at 81,378.84 (487.8, 0.6%) while the broader Nifty 500 closed at 23,007.35 (160.4, 0.7%). Market breadth is in the green. Of the 2,472 stocks traded today, 1,545 were in the positive territory and 889 were negative.

Indian indices closed higher after extending gains in the afternoon session. The Indian volatility index, Nifty VIX, fell 4.5% and closed at 11.5 points. GAIL closed in the green as its Q1FY26 net profit beat Forecaster estimates by 22.9% despite falling 25.6% YoY to Rs 2,369.2 crore. Revenue increases 1.7% YoY to Rs 35,428.8 crore during the quarter.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher, tracking the benchmark index. Nifty Pharma and S&P BSE Telecom were among the best-performing indices of the day. According to Trendlyne’s sector dashboard, Fertilizers emerged as the best-performing sector of the day, with a rise of 2.8%.

European indices are trading in the green, except Portugal’s PSI index, which is trading 0.2% lower. Major Asian indices closed mixed. US index futures are trading higher, indicating a positive start to the session as the US and China enter fresh talks to finalise a trade deal, with reports suggesting that the countries will extend the trade truce.

  • Money flow index (MFI) indicates that stocks like Anand Rathi Wealth, Global Health, Syrma SGS Technology, and Dixon Technologies are in the overbought zone.

  • Craftsman Automation is rising as its net profit grows 17% YoY to Rs 69.6 crore in Q1FY26, helped by inventory destocking. Revenue rises 55% YoY to Rs 1,784 crore, driven by improvements in the aluminium products and powertrain segments during the quarter. The company appears in a screener of stocks with increasing revenue every quarter for the past four quarters.

  • Apar Industries surges as its net profit grows 29.8% YoY to Rs 262.9 crore in Q1FY26, helped by lower finance costs and inventory destocking. Revenue increases 27.3% YoY to Rs 5,104.2 crore, driven by improvements in the conductors and power cables segments during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Amber Enterprises rises sharply as its Q1FY26 net profit grows 43.6% YoY to Rs 103.9 crore. Revenue jumps 43.6% YoY to Rs 3,478.8 crore, helped by improvements in the consumer durables, electronics and railway sub-system & defense segments. It features in a screener of stocks with increasing returns on equity (RoE), momentum and earnings yield.

  • Motilal Oswal retains a 'Neutral' rating on Balkrishna Industries with a lower target price of Rs 2,510. The brokerage highlights that the company continues to face challenges in key international markets, particularly due to weak global demand for Off-Highway tires. Investors are closely monitoring the company's expansion into new segments for traction and its effects on profit margins.

  • JK Paper's Q1FY26 net profit drops 41.9% YoY to Rs 81.2 crore due to higher raw materials, employee benefits, finance, and power & fuel expenses. Revenue declines 2.5% YoY to Rs 1,699.3 crore due to a reduction in the paper and packaging segments. The company's board of directors approves acquiring a 72% stake in Borkar Packaging for a cash consideration of Rs 234.6 crore.

  • Adani Power surges as its board of directors schedules a meeting for August 1 to consider a proposal for a stock split. The company will also announce its Q1FY26 results.

  • RPSG Ventures rises as its unit, RPSG Sports Ventures, acquires a 70% stake in England-based cricket franchise Manchester Originals for GBP 81.21 million (~ Rs 870 crore). The company aims to expand its presence in international sports assets, particularly in cricket.

  • Godfrey Phillips India gains over 2% as its board plans to consider the company’s first-ever bonus issue of shares alongside its Q1 financial results on August 4. The proposed bonus issue is in the ratio of 2:1, meaning shareholders will receive two fully paid-up equity shares of Rs 2 each for every one existing share held.

  • Varun Beverages is rising as its net profit grows 5.1% YoY to Rs 1,317 crore in Q1FY26, helped by lower finance costs. However, revenue decreases 2.5% YoY to Rs 7,017.4 crore due to unusually high unseasonal rainfall during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past month.

  • NTPC Green Energy posts a Q1FY26 net profit of Rs 220.5 crore compared to Rs 138.6 crore in Q1FY25, helped by lower employee benefits expenses. Revenue jumps 23.8% YoY to Rs 751.7 crore during the quarter. It features in a screener of stocks with YoY growth in quarterly net profit and profit margin.

  • Gravita India is rising as its net profit grows 38.5% YoY to Rs 93.3 crore in Q1FY26, helped by lower finance costs. Revenue increases 14.6% YoY to Rs 1,039.9 crore, driven by improvements in the lead segment during the quarter. The company appears in a screener of stocks with improving book value per share over the past two years.

  • Lenskart Solutions, an omnichannel eyewear brand, files its draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise funds via an initial public offering (IPO). The offer includes a fresh issue of equity shares worth up to Rs 2,150 crore and an offer for sale of up to 13.2 crore equity shares.

  • Piramal Pharma is falling as it reports a net loss of Rs 81.7 crore in Q1FY26. The loss narrowed from Rs 88.6 crore in Q1FY25. Revenue decreases 0.9% YoY to Rs 1,933.7 crore, due to weak performance in the contract development & manufacturing organisation (CDMO) segment. It shows up in a screener of stocks with PE higher than industry PE.

  • Waaree Energies is rising sharply as its Q1FY26 net profit jumps 89.1% YoY to Rs 745.2 crore, led by inventory destocking worth Rs 760.1 crore. Revenue grows 31.5% YoY to Rs 4,597.2 crore, attributed to improvements in the solar photovoltaic modules and engineering, procurement & construction (EPC) contracts segments. It appears in a screener of stocks with rising net cash flow and cash from operating activities.

  • Paradeep Phosphates surges to its all-time high of Rs 234.4 as it posts a Q1FY26 net profit of Rs 255.9 crore compared to a net profit of Rs 5.4 crore in Q1FY25, owing to lower finance costs and inventory destocking. Revenue jumps 57.8% YoY to Rs 3,781.4 crore during the quarter. It features in a screener of high DVM stocks among mid and largecaps.

  • Gensol Engineering, currently under the Corporate Insolvency Resolution Process (CIRP), issues an advertisement inviting bids from interested parties to lease 4,000 pre-owned electric vehicles on a fixed monthly rental basis. Companies operating EV cab services in major cities—such as Evera Cabs, Uber Electric, and Everest Fleet—are expected to participate in the bidding.

  • Five-Star Business Finance is falling as its Q1FY26 net profit misses Forecaster estimates by 4.2% despite rising 5.9% YoY to Rs 266.3 crore. Revenue increases 18.1% YoY to Rs 786.7 crore, driven by higher interest and fee-based income during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past two months.

  • KEC International's Q1FY26 net profit grows 42.3% YoY to Rs 124.6 crore. Revenue increases 10.4% YoY to Rs 5,028.2 crore during the quarter, driven by strong project execution in the transmission and distribution (T&D) segment and lower interest expenses. The firm appears in a screener of stocks where foreign institutional investors (FIIs) are increasing their shareholding.

  • Torrent Pharmaceuticals rises to its all-time high of Rs 3,721.7 as its Q1FY26 net profit grows 19.9% YoY to Rs 548 crore, helped by lower raw materials and finance costs. Revenue jumps 8.9% YoY to Rs 3,141 crore, led by improvements in the Indian, Brazilian, European, and US markets. The company's board of directors appoints Aman Mehta as the Managing Director for the next five years, effective August 1.

  • Amarendu Prakash, Chairman and Managing Director of SAIL, projects sales volume growth of over 8% in FY26. He anticipates a 200 bps margin improvement in both H1 and H2FY26. He also expects the company’s net debt to decline by Rs 5,000 crore by the end of FY26. He believes that future profitability will depend on volume growth and cost efficiency.

  • PNC Infratech is rising as it secures a Rs 2,956.6 crore order from South Eastern Coalfields for coal extraction and transportation to various destinations in Chhattisgarh.

  • Mazagon Dock Shipbuilders falls sharply as its Q1FY26 net profit drops 35% YoY to Rs 452.2 crore due to higher procurement of spares, employee benefits, sub-contracting, power & fuel, project, and provisions expenses. However, revenue grows 10.9% YoY to Rs 2,914.9 crore, driven by improvements in order execution. It shows up in a screener of stocks with negative profit growth, where promoters are decreasing their shareholding QoQ.

  • GAIL is rising as its Q1FY26 net profit beats Forecaster estimates by 22.9% despite falling 25.6% YoY to Rs 2,369.2 crore due to higher material costs. Revenue increases 1.7% YoY to Rs 35,428.8 crore, driven by improvements in the petrochemicals and city gas segments during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • IndusInd Bank's Q1FY26 net profit plunges 68.2% YoY to Rs 684.3 crore due to rise in provisions and contingencies. Revenue decreases 2.3% YoY to Rs 12,263.9 crore, driven by lower contribution from the wholesale and treasury banking segments during the quarter. The bank's asset quality deteriorates as its gross and net NPAs expands by 162 bps and 52 bps YoY, respectively.

  • Nifty 50 was trading at 24,683.75 (2.9, 0.0%), BSE Sensex was trading at 80,620.25 (-270.8, -0.3%) while the broader Nifty 500 was trading at 22,856.10 (9.2, 0.0%).

  • Market breadth is in the green. Of the 1,941 stocks traded today, 1,015 showed gains, and 863 showed losses.

Riding High:

Largecap and midcap gainers today include Abbott India Ltd. (34,705, 5.5%), Varun Beverages Ltd. (512.15, 5.2%) and Hitachi Energy India Ltd. (19,745, 4.6%).

Downers:

Largecap and midcap losers today include Petronet LNG Ltd. (292.85, -2.8%), Mazagon Dock Shipbuilders Ltd. (2,720.40, -2.5%) and SBI Cards and Payment Services Ltd. (821.40, -1.9%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Apar Industries Ltd. (9,681.50, 11.7%), Affle 3I Ltd. (1,985.40, 7.9%) and Welspun Corp Ltd. (924.55, 7.1%).

Top high volume losers on BSE were Five-Star Business Finance Ltd. (649.35, -3.1%), Mazagon Dock Shipbuilders Ltd. (2,720.40, -2.5%) and Jubilant Pharmova Ltd. (1,153.60, -1.8%).

Go Digit General Insurance Ltd. (360.80, 4.9%) was trading at 43.6 times of weekly average. Happiest Minds Technologies Ltd. (619.35, 3.0%) and Procter & Gamble Hygiene & Healthcare Ltd. (13,091, 0.9%) were trading with volumes 18.0 and 9.5 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 5 stocks hit their 52 week lows.

Stocks touching their year highs included - Bosch Ltd. (39,915, 4.4%), EID Parry (India) Ltd. (1,208.80, 2.4%) and Fortis Healthcare Ltd. (848.65, 0.3%).

Stocks making new 52 weeks lows included - Colgate-Palmolive (India) Ltd. (2,215, 0.4%) and Tata Consultancy Services Ltd. (3,056, -0.8%).

22 stocks climbed above their 200 day SMA including Tata Chemicals Ltd. (1,000, 7.0%) and J B Chemicals & Pharmaceuticals Ltd. (1,802.60, 5.4%). 19 stocks slipped below their 200 SMA including Mangalore Refinery And Petrochemicals Ltd. (131.32, -2.7%) and Aavas Financiers Ltd. (1,760, -2.5%).