My Newsfeed

Trendlyne Marketwatch
Trendlyne Marketwatch
18 Jun 2025, 03:28PM
Market trades lower, Motilal Oswal downgrades Voltas to a 'Neutral' rating
By Trendlyne Analysis

Nifty 50 was trading at 24,799.75 (-53.7, -0.2%), BSE Sensex was trading at 81,396.21 (-187.1, -0.2%) while the broader Nifty 500 was trading at 22,918.50 (-63, -0.3%). Market breadth is in the red. Of the 2,412 stocks traded today, 874 were on the uptrend, and 1,500 went down.

Nifty 50 opens lower after dropping 58.7 points in the pre-opening session. Indian indices closed in the red on Tuesday. FIIs bought shares worth Rs 1,482.8 crore, while DIIs bought Rs 8,207.2 crore in Indian equities on the same day.

Nifty Smallcap 100 and Nifty Midcap 100 open in the red, tracking the benchmark index. BSE Healthcare and BSE Metal open lower. Nifty IT opens in the red, tracking the tech-heavy Nasdaq 100 index, which closed 1% lower on Tuesday.

Most European indices closed lower on Tuesday, except Russia’s MOEX and RTSI indices, which closed 1.9% and 1.6% higher, respectively. Major Asian indices are trading mixed. US indices closed in the red on Tuesday, with the Dow Jones and S&P 500 closing 0.7% and 0.8% lower, respectively. T-Mobile closed 4.1% lower on Tuesday after SoftBank sold stake worth $4.8 billion to fund its AI plans.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Riding High:

Largecap and midcap gainers today include IndusInd Bank Ltd. (845.25, 4.5%), Escorts Kubota Ltd. (3,271, 3.7%) and Avenue Supermarts Ltd. (4,204.20, 3.6%).

Downers:

Largecap and midcap losers today include Hindustan Zinc Ltd. (459.40, -5.5%), PB Fintech Ltd. (1,880.20, -3.6%) and Max Healthcare Institute Ltd. (1,187.40, -3.2%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Zydus Wellness Ltd. (2,068.40, 6.2%), IndusInd Bank Ltd. (845.25, 4.5%) and Authum Investment & Infrastructure Ltd. (2,491.50, 2.3%).

Top high volume losers on BSE were Hindustan Zinc Ltd. (459.40, -5.5%) and KEI Industries Ltd. (3,606.40, -0.2%).

Vedant Fashions Ltd. (792.70, 1.7%) was trading at 5.6 times of weekly average. Elgi Equipments Ltd. (525.40, 0.1%) and Go Digit General Insurance Ltd. (344.60, 1.3%) were trading with volumes 4.5 and 3.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

7 stocks overperformed with 52 week highs, while 1 stock were underachiever and hit their 52 week lows.

Stocks touching their year highs included - Multi Commodity Exchange of India Ltd. (7,982.50, 0.7%), Redington Ltd. (299.50, 1.4%) and Au Small Finance Bank Ltd. (793.70, 2.7%).

Stock making new 52 weeks lows included - Easy Trip Planners Ltd. (10.68, -0.9%).

17 stocks climbed above their 200 day SMA including Rainbow Childrens Medicare Ltd. (1,452.90, 2.5%) and Minda Corporation Ltd. (539.20, 2.2%). 27 stocks slipped below their 200 SMA including Hindustan Zinc Ltd. (459.40, -5.5%) and MMTC Ltd. (69.61, -3.4%).

 
logo
The Baseline
17 Jun 2025, 05:50PM
Five stocks to buy from analysts this week - June 17, 2025
By Omkar Chitnis

1. Tata Consumer Products:

Motilal Oswal reiterates its ‘Buy’ rating on this tea & coffee company with a target price of Rs 1,360, a 26.9% upside. Analysts Sumant Kumar, Meet Jain, and others highlight the company’s focus on growing its new businesses while maintaining core operations strength. Tata Consumer’s market share rose by 30 bps in FY25, helped by growth in the salt business. Its tea segment now holds a 20% market share, boosted by new product launches and strategic pricing.

Tata Consumer has rapidly expanded its direct reach to around 20 lakh outlets by FY25, with total distribution rising to about 44 lakh outlets—this is more than double the FY21 level. The company introduced split salesman routes (smaller areas assigned to each salesperson) across metros and towns with populations over 5 lakh to improve execution and coverage in large cities.

Kumar and Jain highlighted that the company is unlocking value through acquisitions. Its recent buys, Capital Foods and Organic India, reported strong growth of 19% in FY25, with combined revenue reaching Rs 1,170 crore and a healthy gross margin of 49%.

Analysts expect Tata Consumer’s revenue to grow by 8% and net profit by 20% over FY26–27. This growth is expected to be driven by newer businesses like Tata Sampann, Tata Soulfull, and ready-to-eat products, along with a focus on core brands and an expanding distribution network.

2. Insecticides (India):

Axis Direct initiates coverage on this agrochemical company with a ‘Buy’ rating and a target price of Rs 955, a 4.9% upside. Analysts Sani Vishe and Shivani More note that the company’s focus on premium products is driving both revenue and profitability. Its shift toward high-margin brands such as Maharatna and Focus Maharatna lifted the EBITDA margin by 281 bps to 11.1% in FY25.

The management aims to achieve double-digit revenue growth in FY26, driven by premium products, new launches, and higher rural demand. Analysts expect the company’s diversification into higher-margin products, supported by steady demand from the rabi season and an early start for kharif, to drive strong demand for its products.

In FY25, the company launched 12 new products and plans to launch six more in FY26. With a strong pipeline of launches and healthy rural demand, the analysts expect robust revenue growth and margin expansion in the near term. They estimate revenue and net profit to grow by 9% and 14%, respectively, over FY26–27.

3. AU Small Finance Bank:

Sharekhan maintains a ‘Buy’ rating on this bank with an upgraded target price of Rs 900, a 16.4% upside. The management expects net interest margins (NIMs) to remain under pressure in the near term due to lower repo rates, since 30% of its loan book is on floating rates. The bank cut its savings account rates by 25 bps each in April and June 2025 to manage costs, with the peak rate now at 6.75%.

AU SFB expects profitability to improve from H2FY26, supported by a likely cut in policy rates and falling credit costs (loan repayment losses), particularly in the unsecured segment. The management believes this should help ease margin pressures. Additionally, lower non-performing assets (NPAs), along with a majority fixed-rate loan book (~70%), are expected to support margins, though with a time lag.

Analysts expect the bank’s return on assets (RoA) to improve by 20–30 bps over FY26–27, from 1.5% in FY25, driven by lower loan losses and slightly better NIMs.

4. Tata Power Company:

Geojit BNP Paribas maintains a ‘Buy’ rating on this electric utility company with a target price of Rs 468, a 18.2% upside. In FY25, the company’s revenue rose 6.5% to Rs 65,478 crore, driven by strong growth in renewables and the distribution segment. Net profit grew 7.4% during the year.

The management aims to increase net profit 2.5 times by FY30 compared to FY24. The company has planned a capital expenditure of Rs 1.5 lakh crore by FY30, with 60% allocated to renewables and the rest to transmission and distribution, and pumped storage businesses. Praveer Sinha, CEO and MD, said, “For FY26, we have planned a capex of Rs 25,000 crore, with half of it allocated to renewables. In FY25, we added 2.3 GW (gigawatt) capacity and aim to add 2.5 - 2.7 GW this year.”

Analysts expect Tata Power’s investments in renewable and power transmission businesses to play a crucial role in long-term earnings growth. They estimate revenue to grow by 12% over FY26–27.

5. Shree Cements:

ICICI Securities maintains a ‘Buy’ rating on this cement company with a target price of Rs 35,330, a 19.2% upside. But in FY25, the company’s revenue declined by 5.9% to Rs 19,872 crore due to weak cement prices. Net profit dropped 53.1% due to higher raw material costs and logistics expenses.

Analysts Navin Sahadeo and Amit Gupta note the company’s focus on price hikes over volume growth. The price gap with peers in North India has narrowed to Rs 20–25 per bag, down from Rs 30–35. They believe this will support better realisations and margin improvement.

For FY26, the management targets 2–3% volume growth and expects EBITDA per tonne to remain at Rs 1,400, up from the FY25 average of Rs 1,070. They aim to increase their selling price per tonne by 6%. Analysts believe a price rise will help cover the impact of slow volume growth, and expect revenue growth of 9% in FY26.

Shree Cements plans to commission two 3 million tonnes per annum (MTPA) clinker units (partially processed cement units) in Karnataka and Rajasthan in FY26. It also aims to expand total cement capacity to 80 MTPA by FY30 from the current 62.8 MTPA.

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

(You can find all analyst picks here)

 
Trendlyne Marketwatch
Trendlyne Marketwatch
17 Jun 2025, 03:54PM
Market closes lower, CG Power bags a Rs 641 cr order from Power Grid for 765/400 kV transformers
By Trendlyne Analysis

Nifty 50 closed at 24,853.40 (-93.1, -0.4%), BSE Sensex closed at 81,583.30 (-212.9, -0.3%) while the broader Nifty 500 closed at 22,981.50 (-113.6, -0.5%). Market breadth is overwhelmingly negative. Of the 2,441 stocks traded today, 773 showed gains, and 1,632 showed losses.

Indian indices closed in the red, with Nifty Pharma emerging as the biggest loser following renewed threats to the pharmaceutical sector from Donald Trump. The Indian volatility index, Nifty VIX, declined 2.9% and closed at 14.4 points. Siemens closed 1.5% higher as its consortium with R Agrawal Infracon and Siemens Mobility Gmbh bagged an order worth Rs 4,100 crore from National High Speed Rail Corp for India’s first high-speed rail project.

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

Asian indices closed mixed, while European indices are trading in the red except Russia’s MOEX & RTSI indices. US index futures traded in the red indicating a cautious start to the trading session. The Federal Reserve begins its two-day meeting today and is widely expected to keep interest rates steady at around 4.5%. Investors are focused on whether the central bank will hint at future rate cuts amid softer US inflation and signs of an economic slowdown.

  • Relative strength index (RSI) indicates that stocks like Manappuram Finance, Glenmark Pharma, Gland Pharma, and LTIMindtree are in the overbought zone.

  • CG Power and Industrial Solutions is rising as it secures an order worth Rs 641 crore from Power Grid Corporation of India to supply 765/400 kV single-phase transformers.

  • Rane (Madras) rises sharply after its board approves the sale of about 3.5 acres from its 4.5-acre property in Velachery, Chennai.

  • Sharekhan maintains its 'Buy' call on AU Small Finance Bank, with an upgraded target price of Rs 900 per share. This indicates a potential upside of 16.3%. The brokerage believes that the company's profitability will improve from H2FY26, backed by lower interest rates and normalisation of credit costs. It expects the lender's net interest income (NII) to grow at a CAGR of 23.7% over FY26-27.

  • Nomura upgrades Mahanagar Gas to a 'Buy' rating with a higher target price of Rs 1,680. The brokerage highlights MGL’s strong volume growth, limited exposure to volatile segments, and attractive valuation compared to peers like IGL and GGL. Nomura also notes MGL’s resilience to EV-related risks, citing its role in Maharashtra’s EV policy committee, which supports CNG’s continued relevance.

  • Happiest Minds surges as Anand Rathi initiates coverage with a 'Buy' rating and sets a target price of Rs 790, a 20% upside. The brokerage notes that a slowdown in the US market remains a big risk, but it anticipates discretionary tech spending to pick up in H2FY26. This is expected to boost the hi-tech, manufacturing, industrials, and BFSI segments, constituting 51% of revenue.

  • Hindustan Zinc plans to set up a 250 kilo tonnes (KT) integrated zinc metal complex at Debari, along with associated mining and milling facilities, with a total capital expenditure of up to Rs 12,000 crore.

  • Nelco receives very small aperture terminal (VSAT) virtual network operator authorisation across India from the Ministry of Communications, Government of India.

  • Brent crude prices surge amid rising tensions in West Asia after Israel shuts part of the Haifa refinery following an Iranian missile strike. Tanker operators are avoiding the Persian Gulf, driving up freight and insurance costs and further straining supply chains.

  • Siemens rises sharply as its consortium with R Agrawal Infracon and Siemens Mobility Gmbh bags an order worth Rs 4,100 crore from National High Speed Rail Corp for India’s first high-speed rail project. Siemens' share in the order is Rs 1,230 crore and involves designing, installing, and maintaining advanced signalling and telecommunications technologies.

  • Biocon's board of directors approves a Rs 4,500 crore qualified institutional placement (QIP) of equity shares at a floor price of Rs 340.2 per share.

  • Inox India is rising as it bags multiple orders worth Rs 373 crore across the industrial gas, cryo-scientific solutions, liquified natural gas (LNG), and beverage kegs businesses. The orders include Rs 151 crore in the cryo-scientific solutions business, Rs 141 crore in the industrial gas business, and Rs 71 crore in the LNG segment.

  • Sandeep Poundrik, Secretary at the Ministry of Steel, says the safeguard duty on steel has helped reduce imports. He believes per capita steel consumption will double to Rs 200/kg by 2035. Poundrik adds that steel prices should be balanced with consumer goods prices, which the Directorate General of Trade Remedies (DGTR) should consider. He also clarifies that no proposal exists to merge RINL with SAIL.

  • NBCC (India) receives an order worth Rs 172.5 crore from UCO Bank to construct a modern high-rise head office with a green building rating in New Town, Kolkata.

  • Citi initiates coverage on Max Financial Services with a 'Buy' rating and a target price of Rs 1,840. The brokerage expects improved margins in the near term, supported by a balanced product mix and diversified distribution channels.

  • Navin Fluorine International surges to its 52-week high of Rs 4,794.3 as Morgan Stanley upgrades its rating to 'Equalweight' call from 'Underweight', with a higher target price of Rs 4,160 per share. The brokerage believes that Indian chemical companies will see a volume growth cycle in the agrochemicals business in FY26, leading to higher orderbook growth, faster capacity monetisation, and margin improvement.

  • Goldman Sachs upgrades Schneider Electric to a 'Buy' rating with a target of Rs 910. The brokerage expects the company to expand its margin to 39.6% by FY32, partly supported by government initiatives. It also projects market share growth from 2.9% to 3.3%, reaching a total addressable market (TAM) of $14.5 billion.

  • Spiracca Ventures sells 20 lakh shares (4.2% stake) in Solara Active Pharma Sciences, worth Rs 99 crore, at an average price of Rs 495 per share in a block deal. Promoter Pronomz Ventures is the buyer in the transaction.

  • Axiscades Technologies is rising as it signs a Memorandum of Understanding (MoU) with Indra, a Europe-based defence equipment manufacturer, to produce aerospace and defence solutions in India. The partnership will cover antennas for tactical air navigation systems (TACAN), and countermeasure systems.

  • Bata India's board appoints Panos Mytaros as the new Chief Executive Officer (CEO), succeeding Sandeep Kataria, effective September 15.

  • Jefferies maintains an 'Underperform' rating on Tata Motors with a lower target price of Rs 600. The brokerage raises concerns over Jaguar Land Rover (JLR) after its Q3 results showed a 16% YoY drop in EBITDA, missing estimates. It also highlights challenges such as weaker demand in China and Europe, rising customer acquisition costs, and higher warranty expenses.

  • Vishal Mega Mart falls sharply as its promoter, Samayat Services LLP, plans to sell a 10% stake (or 45.9 crore shares) worth Rs 5,057 crore through a block deal at a floor price of Rs 110 per share.

  • Zydus Wellness rises as 46.3 lakh shares (7.3% stake), worth Rs 879 crore, reportedly change hands in a block deal at an average price of Rs 1,900 per share.

  • Tanla Platforms rises sharply as its board of directors approves a share buyback of up to Rs 175 crore. The company plans to repurchase up to 20 lakh fully paid-up equity shares, representing around 1.5% of its total equity, at Rs 875 per share through the tender offer route.

  • Nazara Technologies' board of directors approves raising Rs 495 crore by allotting 50 lakh equity shares to Axana Estates LLP via a preferential issue.

  • Nifty 50 was trading at 24,896.40 (-50.1, -0.2%), BSE Sensex was trading at 81,869.47 (73.3, 0.1%) while the broader Nifty 500 was trading at 23,062.90 (-32.2, -0.1%).

  • Market breadth is in the red. Of the 1,979 stocks traded today, 851 were on the uptrend, and 1,070 went down.

Riding High:

Largecap and midcap gainers today include Mazagon Dock Shipbuilders Ltd. (3,305.90, 4.4%), Aditya Birla Capital Ltd. (255.11, 2.6%) and PB Fintech Ltd. (1,950.10, 2.2%).

Downers:

Largecap and midcap losers today include Hindustan Zinc Ltd. (486.35, -5.2%), Sona BLW Precision Forgings Ltd. (479.95, -4.1%) and Jindal Steel & Power Ltd. (891, -3.4%).

Volume Rockets

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

Top high volume gainers on BSE included Happiest Minds Technologies Ltd. (668.45, 11.1%), Supreme Petrochem Ltd. (799.05, 5.1%) and Navin Fluorine International Ltd. (4,703.40, 4.2%).

Top high volume loser on BSE was Patanjali Foods Ltd. (1,657.80, -1.3%).

Latent View Analytics Ltd. (404.10, 0.9%) was trading at 22.6 times of weekly average. Supreme Industries Ltd. (4,644.40, 1.9%) and LMW Ltd. (16,264, 0.3%) were trading with volumes 4.6 and 4.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

11 stocks hit their 52 week highs,

Stocks touching their year highs included - Bharat Electronics Ltd. (401.75, -0.5%), Multi Commodity Exchange of India Ltd. (7,925.50, 1.3%) and Muthoot Finance Ltd. (2,645.70, 0.5%).

22 stocks climbed above their 200 day SMA including MMTC Ltd. (72.09, 5%) and Mahanagar Gas Ltd. (1,433.50, 3.2%). 24 stocks slipped below their 200 SMA including Hindustan Copper Ltd. (252.71, -3.8%) and FDC Ltd. (473.20, -3.5%).

 
logo
The Baseline
16 Jun 2025, 05:21PM
By Omkar Chitnis

When foreign Institutional Investors (FIIs) buy or reduce stakes, the ground moves under India’s stock market. Their large-figure decisions often trigger sharp stock reactions.

In recent quarters, FII flows have been unpredictable as India’s union election, the US presidential race, geopolitical tensions, and tariff worries kept Indian equity markets volatile. FII money tends to be hot money, and as news headlines shifted, the mood among FIIs yo-yoed between bullish and bearish.

FIIs hold 18.8% of Indian equities. They sold stocks worth Rs 2.5 lakh crore over the past year due to higher US bond yields and valuations which gave them better returns. Despite FII selling, the Nifty 50 gained nearly 6.3% over the year, helped by strong domestic institutional inflows and better-than-expected corporate earnings in Q3 and Q4.

FIIs have reduced their exposure to cyclical sectors, such as Oil & Gas, Cement, and Information Technology. They increased their stake in domestic growth-oriented sectors such as Banking and Finance, Capital Goods, and Automobiles, including companies like GE Vernova T&D, Home First Finance, Voltas, and Transformers & Rectifiers.

Vinit Bolinjkar, Head of Equity Research at Ventura Securities, said, “FPIs have sold significantly over the last few months, but this has been completely absorbed by DIIs despite low participation from retail investors. With the market rallying sharply from the March lows, we won’t be completely dependent on global flows only. This will give more confidence to domestic investors.”

In this edition of Chart of the Week, we will analyse the top sectors and stocks with the highest increase in FII holdings over the past year.

FIIs chase banking and finance on strong earnings, low valuations

Foreign institutional investors (FIIs) invested Rs 78,086 crore inBanking and Finance over the past year, accounting for nearly half of the total Rs 1.6 lakh croreinflows. This investment helped theNifty Financial Services Index climb 18.4%.

Improved asset quality and strong earnings in each quarter of FY25, along with valuations below the 5-year average of 20.6x, and expectations of Reserve Bank of India (RBI) rate cuts, strengthened FII interest in the Banking and Finance sector.

Consequently, FIIs increased stakes in companies with stable net profit and asset quality, such as Aptus Value Housing Finance, Home First Finance, Nuvama Wealth Management, and KFIN Technologies.

Aptus Value Housing Finance saw its FII holding rise by 8.2 percentage points to 27.7% in March 2025. Over the past five years, the company’s revenue grew at a CAGR of 28% and a net profit CAGR of 28.9%. It maintained a stable operating margin of 82.2%, supported by rising loan disbursements and assets under management (AUM). The stock trades at a reasonable valuation based on its five-year price-to-earnings.

Nuvama Wealth Management saw its FII stake rise by 9.6 percentage points to 16.6% in FY25 after promoters sold part of their holding. The NBFCimproved its return on equity (RoE) by 15.2 percentage points to 31.5% over the past five years, driven by better asset quality and growth in its capital markets and wealth management segments. These factors lifted its share price by 39.3% over the past year.

Pharmaceuticals gain traction post surprise outperformance in H1FY25 results

The Nifty Pharma index gained 10.7% over the past year, outperforming the benchmark Nifty 50 by 3.2 percentage points. The defensive sector, Pharmaceuticals and Biotechnology, attracted Foreign Institutional Investor (FII) investments totaling Rs 16,089 crore since May 2024.

The government’s Production-Linked Incentive (PLI) incentives for drug intermediates helped companies improve margins and expand capacity. Strong domestic sales and exports drove pharmaceutical firms to exceed revenue and profit estimates in H1FY25. The shifting supply chain from China to India prompted FIIs to raise their holdings by up to 7.2% in companies such as  J B Chemicals & Pharmaceuticals, Lupin, Gland Pharma, and Divi’s Laboratories over the past year.

J B Chemicals & Pharmaceuticals saw its share price rise 130% over the past three years. During the same period, revenue grew at a CAGR of 17.1%, driven by growth in the domestic formulation business and Contract Development and Manufacturing Organisation (CDMO) segment, supported by a healthy order book and new project wins. FIIs increased their stake in the company by 7.2 percentage points to 18.3% over the past year.

On the company’s growth plans for the CDMO segment, Nikhil Chopra, CEO, said, “We plan to double our CDMO business to $100 million over the next four years from the current $50 million, which accounts for 12% of our total revenue.”

Divi’s Laboratories’ stock hit an all-time high of Rs 6,764 on May 26 after strong Q4FY25 results. Over the past year, FIIs increased their holdings by 3.3 percentage points to 18%, fueled by growth in the Active Pharmaceutical Ingredient (API) segment and improved profit margins. The stock gained 45.7% during the same period.

The company earns 88% of its revenue from international markets. The management expects revenue from the custom synthesis and APIs segment to grow steadily by around 15–18% in FY26. To boost exports, it plans to invest up to Rs 700 crore to expand its custom synthesis capacity.

The government's infrastructure push draws FIIs to capital goods

The Indian government’spush for infrastructure development and utility modernisation has benefited thecapital goods sector. Rising public and private order books have boosted companies likeGE Vernova T&D India,Transformers & Rectifiers,Inox Wind, andThermax. As the global supply chain is shifting away from China, these manufacturers are seeing a surge in export orders.

GE Vernova T&D’s share price rose 44.3% over the past year, driven by strong demand from PSU clients, and doubled its order book to over Rs 12,600 crore in FY25. FIIs increased their stake by 11.8 percentage points during the year.

The company aims to increase international business to 30% of revenue by FY27 and plans to invest Rs 140 crore to expand manufacturing capacity for its High Voltage Direct Current (HVDC) systems.

On the growing order book from the energy sector, Vice President Johan Bindele said, “Our order backlog has tripled over the past year, driven by strong demand for transformers, switchgear, and grid technologies.”

Inox Wind holds a 15% market share in the wind turbine manufacturing industry and saw its share price rise 18.6% in the past year. After seven years, the company became profitable in FY25 by shifting to high-margin 3 MW and 4 MW turbine production and expanded its market reach in the renewable energy industry.

In July 2024, the promoter infused Rs 900 crore to improve operational flexibility and expand manufacturing capacity. The capital supported operations and raised the order book by 21% to Rs 3,203 crore in FY25. FIIs raised their stake by 6.2 percentage points to 15.7% in FY25.

Shifting consumer habits attract FII investments in consumer durables

The Consumer Durables sector is experiencing strong growth, driven by rising incomes, urbanisation, and shifting preferences toward branded, technologically advanced products. Favourable monsoons and growing rural demand also boost sales for companies like Voltas, Whirlpool, RR Kabel, and Dixon Technologies. Additionally, government incentives, including the PLI scheme, are helping companies improve margins and support capacity expansion.

Voltas holds a 19% market share in the room air conditioner industry. Over three years, revenue grew at a 24.7% CAGR and profit by 18.6%, driven by strong sales and a better product mix.

In-room air conditioners and air cooler business accounts for 73% of Voltas' total revenue. In Q4FY25, revenue from this segment grew 200 basis points, outperforming its peer Blue Star, driven by higher orders from international markets like the UAE and Saudi Arabia. In FY25, FIIs increased their stake by 7.3 percentage points to 22%.

To boost local manufacturing of air conditioner components, the government introduced the PLI scheme with an investment of Rs 6,238 crore in FY22. In addition, the company is investing  Rs 450 crore to increase its compressor production capacity to 2 million units by FY27 and expand its distribution network in South and West India. 

Dixon Technologies holds a 60% share in the mobile Electronics Manufacturing Services (EMS) market. The company manufactures eight of the top ten global smartphone brands. It has benefited from five PLI schemes in mobile phones, telecom equipment, and lighting product manufacturing. The ongoing global tariff war and the China+1 strategy have positioned Dixon Tech as a viable alternative for mobile phone manufacturers.

The company invested Rs 600 crore in backward integration, which boosted its net profit margin to 3.1% in FY25, and FII's stake in the company rose by 3.9 percentage points to 21.8%.

Dixon plans to increase phone manufacturing capacity to 60 million units by 2027, up from 45 million in FY25, driven by rising orders from new and existing clients. Saurabh Gupta, Chief Financial Officer, said, “We expect 40–45% revenue growth this year, supported by operational efficiencies, backward integration, and a higher contribution from our refrigerator business, which should expand margins by 20–25 basis points. We also plan to scale up IT hardware production in FY26 and display module manufacturing in FY27.”

 
Trendlyne Marketwatch
Trendlyne Marketwatch
16 Jun 2025, 03:55PM
Market closes higher, Belrise Industries' net profit surges 6.8X YoY in Q4
By Trendlyne Analysis

Nifty 50 closed at 24,946.50 (227.9, 0.9%), BSE Sensex closed at 81,796.15 (677.6, 0.8%) while the broader Nifty 500 closed at 23,095.05 (188.9, 0.8%). Market breadth is neutral. Of the 2,469 stocks traded today, 1,170 showed gains, and 1,241 showed losses.

Indian indices closed higher after rising in the morning session. The Indian volatility index, Nifty VIX, fell 1.6% and closed at 14.8 points. India’s wholesale price index (WPI) inflation eased to a 14-month low of 0.4% in May, down from 0.9% in April. The decline was led by softer prices in food, fuel, and primary articles.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher, following the benchmark index. Nifty IT and Nifty Realty Indices were among the top index gainers today. According to Trendlyne’s sector dashboard, Software & Services emerged as the top-performing sector of the day, with a rise of 1.3%.

Asian indices closed in the green, except for Indonesia’s IDX Composite and Thailand’s SET, which closed in the red. European indices are trading flat or higher. US index futures are trading higher, indicating a positive start to the trading session. Investors are monitoring the situation in the Middle East and awaiting the US Federal Reserve’s interest rate decision later this week. Brent crude futures are trading lower after rising around 9% over the last two trading sessions.

  • Money flow index (MFI) indicates that stocks like AstraZeneca Pharma, NAVA, Glenmark Pharma, and Pfizer are in the overbought zone.

  • Belrise Industries rises as its net profit surges 6.8X YoY to Rs 110 crore in Q4FY25, helped by inventory destocking, lower employee benefits and finance costs. Revenue grows 49% YoY to Rs 2,274.3 crore during the quarter. It appears in a screener of stocks with zero promoter pledges.

  • Biocon is rising as it reportedly plans to launch a qualified institutional placement (QIP) soon to raise up to Rs 4,500 crore, possibly as early as this week. The proceeds will be used to reduce the company’s debt.

  • Motilal Oswal retains its 'Neutral' call on Procter & Gamble Hygiene & Healthcare with a target price of Rs 15,000 per share. This indicates a potential upside of 12.1%. The brokerage is confident in the company's long-term growth, owing to strong growth potential in the feminine hygiene segment, led by product premiumisation. It expects the firm's revenue to grow at a CAGR of 8.2% over FY26-27.

  • According to data from the Ministry of Commerce and Industry, India's trade deficit narrows to $21.8 billion in May, down from $22 billion in 2024. Exports decline 2.2% YoY to $38.7 billion, while imports fall 1.8% YoY to $60.6 billion. This decline aligns with a broader trend of falling global commodity prices and reduced trade volumes.

  • Omaxe surges as it announces a Rs 1,000 crore investment in a new township near the Golden Temple in Amritsar. The company has acquired 260 acres of land for the project.

  • State Bank of India reportedly cuts its savings account interest rate to 2.5% per annum, effective June 15. Earlier, it offered 2.7% on deposits up to Rs 10 crore and 3% on deposits above Rs 10 crore.

  • IOL Chemicals and Pharmaceuticals registers Acetic Anhydride with the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH), enabling it to market the product across the European Union.

  • Jefferies maintains a 'Buy' rating on InterGlobe Aviation with a target price of Rs 6,300. The brokerage highlights IndiGo’s strong growth prospects, driven by international expansion, new fleet additions, and cost leadership. Key factors include a growing global network, its focus on low cost per available seat kilometre (CASK), and plans to expand its fleet to over 600 aircraft by FY30 from the current 400.

  • Indraprastha Gas is rising as the Delhi government reportedly plans to revise its EV policy by easing the deadline to transition from petrol and gas-powered vehicles, which the previous AAP-led administration introduced in November 2023. The delay in the EV transition will extend the demand window for CNG and support the company's volume growth.

  • Lupin signs a license and supply deal with Sino Universal Pharmaceuticals (SUP) to sell its Tiotropium Dry Powder Inhaler in China, used to treat chronic lung disease (COPD or chronic obstructive pulmonary disease). The global tiotropium market was valued at $2.5 billion in 2024.

  • SpiceJet's Q4FY25 net profit surges 166.6% YoY to Rs 318.9 crore, driven by lower fuel costs and higher ticket prices. Revenue falls 17.5% YoY to Rs 1,941 crore due to lower cargo volumes and delays in returning grounded planes to service. The company features in a screener of stocks benefiting from lower oil prices.

  • India’s wholesale price index (WPI) inflation drops to a 14-month low of 0.4% in May, down from 0.9% in April. The decline was driven by easing prices across key categories, including food, fuel, and primary articles.

  • Gujarat Themis Biosyn's Chief Executive Officer (CEO), Tapas Guha Thakurata, tenders his resignation due to personal health reasons, effective June 30. The board appoints Sachin Patel as the new Managing Director (MD) for five years, effective July 1.

  • Lemon Tree Hotels signs a license agreement for a new 70-room hotel in Itanagar, Arunachal Pradesh. The hotel will be managed by its subsidiary, Carnation Hotels.

  • Tata Motors falls sharply as its Jaguar Land Rover (JLR) unit projects FY26 EBIT margin between 5% and 7%, down from 8.5% in FY25 due to tariff uncertainty. JLR contributes 71% of Tata Motors' revenue.

  • The Society of Indian Automobile Manufacturers (SIAM) data reports a 2.2% YoY increase in domestic two-wheeler sales at 16.6 lakh units in May. Passenger vehicle sales decline 0.8% YoY to 3.4 lakh units. Total vehicle exports, however, are by 22.8% to 4.8 lakh units.

  • Birla Corp is rising as it emerges as the preferred bidder for the Gourum Khan Ki Dhani (South) limestone block with an area of 499.6-acres in an e-auction held by Director of Mines & Geology, Rajasthan.

  • Sun Pharmaceutical receives a Form 483 with eight observations from the US FDA following an inspection at its formulations and dosage facility in Halol, Gujarat.

  • Rekha Jhunjhunwala sells her entire stake of over 3%, worth Rs 334 crore, in Nazara Technologies via a block deal on Friday.

  • Reports suggest that 85 lakh shares of Asian Paints, amounting to Rs 1,876 crore, have changed hands in a pre-open block deal. Reliance Industries, through its subsidiary Siddhant Commercials, sold 3.5 crore shares worth Rs 7,703 crore in a block deal last week.

  • Godrej Properties plans to develop a premium residential project on a ~14-acre land parcel in Hoskote, East Bengaluru. The project will offer around 1.5 million square feet of saleable area, with an estimated revenue potential of approximately Rs 1,500 crore.

  • Natco Pharma receives Form 486 with one observation from the US FDA following an inspection at its active pharmaceutical ingredient (API) manufacturing facility in Hyderabad.

  • HBL Engineering is rising as it receives an order worth Rs 133 crore from South Central Railway to install the Kavach system across 48 stations in the Vijayawada–Ballarshah section.

  • Arkade Developers acquires a 6.3-acre land parcel in Thane for Rs 172.5 crore for a mixed-use development with a gross development value (GDV) of Rs 2,000 crore.

  • Nifty 50 was trading at 24,788.95 (70.4, 0.3%), BSE Sensex was trading at 81,034.45 (-84.2, -0.1%) while the broader Nifty 500 was trading at 22,961.40 (55.2, 0.2%).

Riding High:

Largecap and midcap gainers today include Indraprastha Gas Ltd. (212.33, 6.8%), Supreme Industries Ltd. (4,557.30, 4.8%) and PI Industries Ltd. (4,146.50, 4.4%).

Downers:

Largecap and midcap losers today include Tata Motors Ltd. (686.65, -3.6%), Schaeffler India Ltd. (4,018, -2.9%) and Gujarat Fluorochemicals Ltd. (3,631.10, -2.6%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Indraprastha Gas Ltd. (212.33, 6.8%), Newgen Software Technologies Ltd. (1,233.60, 5.7%) and Galaxy Surfactants Ltd. (2,507.60, 5.6%).

Top high volume losers on BSE were Craftsman Automation Ltd. (5,260.50, -0.8%) and Nuvoco Vistas Corporation Ltd. (349.90, -0.4%).

FDC Ltd. (490.25, 3.0%) was trading at 17.1 times of weekly average. Atul Ltd. (7,253.50, 3.6%) and Endurance Technologies Ltd. (2,459.10, 2.4%) were trading with volumes 8.1 and 8.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

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

Stocks touching their year highs included - Bharat Electronics Ltd. (403.85, 2.5%), JK Cement Ltd. (5,978.50, -1.7%) and Manappuram Finance Ltd. (278.81, -0.3%).

Stock making new 52 weeks lows included - Easy Trip Planners Ltd. (10.79, -0.8%).

20 stocks climbed above their 200 day SMA including Indraprastha Gas Ltd. (212.33, 6.8%) and Newgen Software Technologies Ltd. (1,233.60, 5.7%). 27 stocks slipped below their 200 SMA including Aegis Logistics Ltd. (775.25, -1.9%) and Tanla Platforms Ltd. (657.15, -1.4%).

 
logo
The Baseline
13 Jun 2025
Five Interesting Stocks Today - June 13, 2025
By Trendlyne Analysis

1. Multi Commodity Exchange of India:

This capital markets company has risen 6.5% over the past week after receiving approval from SEBI to launch electricity derivatives. Multi Commodity Exchange (MCX) offers online trading in commodity futures such as gold, crude oil, base metals, and options, along with data services.

The electricity derivatives contracts will allow power generators, distribution companies and large consumers to hedge against power price fluctuations and manage risks more effectively. The new revenue stream and increasing trading volumes will benefit MCX. 

In FY25, the average daily turnover (ADT) of futures and options on MCX doubled to Rs 2.2 lakh crore. The ADT for commodity futures alone rose 38%. Net profit surged 574% to Rs 560 crore, while revenue grew 59.3%. Gold prices have climbed 33% since April 2024, prompting greater investor and institutional participation in gold futures, which boosted MCX’s fee-based revenue. Trading in silver, energy, and agri-commodities also picked up due to sharp price movements.

Praveena Rai, CEO & MD,noted that MCX is ready with index options (contracts based on commodity indices) and is awaiting regulatory approvals. She mentioned that since the launch of gold options as monthly contracts, there has been a strong uptick in turnover. Rai added, “Between our indices and new products such as electricity, we see significant growth in the coming time,” noting that options are generally easier for retail participants to understand than futures and may gradually shift trading volumes toward options due to lower margin requirements.

MCX is currently undervalued based on both its current PE and future earnings estimates. However, it appears in a screener of stocks with PE higher than the industry average. The stock has surged 99.2% over the past year.

2. Welspun Living:

This textiles player rose by 5% on June 5 after Jefferies initiated coverage with a ‘Buy’ rating and target price of Rs 185. The brokerage sees Welspun as a key beneficiary of India’s potential FTAs (Free Trade Agreements) with the US and EU, similar to the one with the UK. This is the highest target in the consensus – the average target from analysts on Welspun Living, according to Trendlyne’s Forecaster, is Rs 176.

For Welspun Living, the US is its largest market, contributing over 60% of its revenue. Its key clients include Costco and Walmart. While near-term volatility from US reciprocal tariffs is a concern, the company seems unperturbed – it has reduced its export share to the US, bringing it down from 80% to 60–65%. It has also been expanding its footprint in the UK, EU, GCC (Gulf Cooperation Council) countries, Japan, Australia, and New Zealand.

In FY25, the textile company’s revenue grew around 9% to Rs 10,545.1 crore. EBITDA margins stood at 13.6%. Commenting on the outlook, Dipali Goenka, the MD & CEO, said, “While we’ve held back our guidance for FY26 due to ongoing macro and tariff-related headwinds, we remain confident of achieving our revenue target of Rs 15,000 crore and EBITDA margins at 15–16% by FY27. Our core business remains strong, and we expect continued momentum in emerging segments”. During the year, Welspun’s emerging businesses (including domestic consumer, branded products, advanced textiles, and flooring) contributed approx 30% of total revenue. 

Jefferies flags near-term risks due to tariff uncertainty in the US. However, it remains optimistic and notes that Welspun has diversified into new product categories and is building a branded business. It believes Welspun is well-positioned to manage tariff-related pressures. The company ranks high on Trendlyne’s Checklist, scoring 56.5.

3. Jindal Saw:

This steel pipe manufacturer surged 11% over the past week after its board approved $118 million (~Rs 1,009 crore) expansion plans in the Middle East. The investment includes a new manufacturing facility in the United Arab Emirates with a steel pipe capacity of over 3 lakh tonnes per annum, along with two joint ventures in Saudi Arabia, also focused on steel pipe production.

With this expansion, Jindal Saw aims to strengthen its presence in the GCC (Arab states of the Gulf), focusing on the oil and gas value chain. Management stated that establishing a facility within the region allows the company to leverage local “in-country value” incentives, an advantage that helps it become a preferred supplier.

The announcement comes amid plateauing performance in FY25. Revenue growth remained flat in FY25 and missed Forecaster estimates by 1.6%. Management attributed this to “not enough budgetary allocation” to the Jal Jeevan Mission, as it was an election year, which slowed down order inflows. “It’s an anomaly,” said Neeraj Kumar, Group CEO and Director, referring to the decline in sales in Q4. Net profit was slightly higher but fell 12% short of estimates due to a deferred tax expense of over Rs 250 crore. 

Despite 25% of sales coming from exports, the company has minimal direct exposure to US tariffs. “The indirect impact is stability in commodity prices, because China will have to make its adjustments,” Kumar added. Management highlights that while new capacity in the Middle East may temporarily dent export volumes, growing domestic demand will likely absorb the shortfall.

Three analysts' consensus recommendation on Jindal Saw is ‘Strong Buy.’ Based on analyst estimates, Trendlyne’s Forecaster projects an upside of 65%. The P/E buy-sell zone suggests that the stock is trading in the Neutral Zone.

4. Hyundai Motor India (HMIL):

This cars & utility vehicles company rose by 5.8% over the past week. It reported a 1.7% decline in revenue with net profit falling 6.9% in FY25 due to weak demand and high competitive pressures. It marginally surpassed the Forecaster net profit estimate by 3.7% led by an improved mix in both domestic & exports and price hikes in 2025. The company appears in a screener of companies with zero promoter pledges.

On June 2nd, the company announced total May sales of 58,701 units. This included 43,861 domestic sales (down 11% MoM) and 14,840 export units. Commenting on monthly sales, Tarun Garg, Whole-time Director and COO of HMIL, said, “May is a month of our routine week-long biannual maintenance shutdown at our Chennai manufacturing facility, which affected a few critical models.”

Society of Indian Automobile Manufacturers (SIAM) projects a 2% growth for passenger vehicles in FY26 and the company’s MD, Unsoo Kim aims to be in line with the industry. He highlighted the company’s target to launch 26 products (combination of new and refreshes) by FY30, of which 20 would be Internal Combustion Engine (ICE) and six would be EVs. 

KS Hariharan, Head-Investor Relations of HMIL, said, “ We're targeting 7-8% export growth and a Rs 7,000 crore capital expenditure in FY26. Of that capex, 40% is allocated to the new Pune plant and 25% to new product development.”

To address concerns about potential rare earth magnet supply restrictions by China, the company reportedly has planned to tap into its parent, Hyundai Motor Co.'s global supply network. It remains cautious but believes its current inventory is sufficient to prevent production disruptions through year-end.

Motilal Oswal maintains a ‘Buy’ rating on HMIL, with a higher target price of Rs 2,137. The brokerage believes that the company will deliver 7% volume CAGR over FY26-27. However it also believes that start-up costs of the new Pune plant will impact earnings in the near term and normalize in FY27. The brokerage has raised its FY26 EPS estimate by 1%, while it has increased FY27 EPS by 7%.

5. Dr. Reddy's Laboratories:

Thispharma company has surged 5.6% over the past week after announcing itscollaboration with Iceland-based biotech company Alvotech to develop a biosimilar of Keytruda (pembrolizumab) for global markets. Keytruda, one of the world’s top-selling cancer drugs, is used to treat various cancers including lung and skin, and recorded global sales of $29.5 billion in 2024.

This collaborationsupports Dr. Reddy’s entry into immuno-oncology and strengthens its oncology pipeline as it tries to reduce reliance on generic Revlimid (gRevlimid).

InQ4FY25, revenue rose 19.9% YoY to Rs 8,528 crore, with North America generics contributing Rs 3,570 crore and revenue in Europe nearly doubled YoY due to the Nicotine Replacement Therapy (NRT) acquisition, which added smoking cessation products like patches and gums to its portfolio. Its net profit increased 21.6% YoY to Rs 1,593.3 crore, beating Forecaster estimates by 10% during the quarter. 

ForFY25 the company’s revenue grew 16.7% to 33,741.2 crore, driven by the NRT acquisition and strong growth in the generics business across major markets such as North America, India, and Russia. Commenting on FY26, CEO Erez Israelisaid, “You are going to see similar growth overall in next year. This year, we grew ~16%. That kind of range of growth you are going to see also in FY26.” 

The company isfacing pressure in its US business, with gRevlimid set to lose market exclusivity in January 2026. The drug contributed around 35-40% of US revenue in FY25. Analysts at Nuvama and Citi havewarned that this could lead to a drop in US revenue if not offset. To manage this risk, the company is focusing on semaglutide, a diabetes and weight-loss drug with strong global demand. Israelisaid, “We are gearing up to launch Semaglutide during the calendar '26”. Initial launches are planned in Canada, Brazil, and India, with a US launch likely around 2031-32.

However, the Delhi High Court hasbarred the company from selling semaglutide in India following a patent dispute withNovo Nordisk. While Dr. Reddy’s has started manufacturing the drug, currently it is allowed to export to markets where Novo Nordisk lacks patent protection. The company canbegin selling in India after the patent expires in January 2026.

HSBCupgrades its rating to "Buy" from "Hold" and also raises target price to Rs1,445, citing strong upside from Semaglutide. The brokerage expects semaglutide sales to reach $280 million by FY27, led by Canada, with a best-case potential of $500 million.

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

 
Trendlyne Marketwatch
Trendlyne Marketwatch
13 Jun 2025
Market closes lower, NCLT admits IREDA’s insolvency plea against Gensol Engineering
By Trendlyne Analysis

Nifty 50 closed at 24,718.60 (-169.6, -0.7%), BSE Sensex closed at 81,118.60 (-573.4, -0.7%) while the broader Nifty 500 closed at 22,906.20 (-140.3, -0.6%). Market breadth is in the red. Of the 2,437 stocks traded today, 838 were in the positive territory and 1,557 were negative.

Indian indices closed in the red as Israel launched operation ‘Rising Lion’ against Iran, targeting its key military sites. The Indian volatility index, Nifty VIX, rose 7.6% and closed at 15.1 points. India's CPI inflation fell 34 bps to 2.8% in May from 3.2% in April, marking the lowest level since February 2019. The decline was mainly driven by a sharp drop in food prices.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the red, following the benchmark index. Nifty India Defence and Nifty MidSmall Healthcare were among the top index gainers today. According to Trendlyne’s Sector dashboard, Forest Materials 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 in the red except Russia’s MOEX & RTSI indices. US index futures traded in the red after Israel launched a large-scale airstrike on Iran, intensifying geopolitical tensions, driving oil prices sharply higher, and raising concerns over global economic growth. Crude oil futures surged more than 7% amid fears of potential disruption in the Strait of Hormuz, a key route for nearly 20% of the world’s oil supply.

  • Money flow index (MFI) indicates that stocks like Dr. Reddy's Labs, AstraZeneca Pharma, Manappuram Finance, and Pfizer are in the overbought zone.

  • UBS downgrades L&T Finance to 'Neutral' from 'Buy', but raises the target price to Rs 210 per share. The brokerage expects margins to remain rangebound and credit costs to remain around 2.4–2.5%, which could weigh on return on assets (RoA) and return on equity (RoE). It projects the loan book to grow at a CAGR of 20% over FY26–FY27.

  • Gensol Engineering falls after the National Company Law Tribunal (NCLT) Ahmedabad admits the Indian Renewable Energy Development Agency's (IREDA) insolvency plea and initiates proceedings against the company. The tribunal also appoints an interim resolution professional to take control of Gensol’s management and operations.

  • ACME Solar commissions an additional 19.8 MW at its wind project in Shapar, Gujarat, bringing the total commissioned wind capacity at the site to 46.2 MW out of the planned 50 MW. This raises its overall operational renewable energy capacity to 2,826.2 MW.

  • Crude oil futures surge over 7% following Israel’s strikes on Iran, raising fears of disruption in the Strait of Hormuz, a critical channel for nearly 20% of global oil flows. August Brent oil futures jump 9.9%, while July WTI (West Texas Intermediate) crude futures rise 10.6%.

  • Sharekhan maintains its 'Buy' call on LTIMindtree, with a higher target price of Rs 6,200 per share. This indicates a potential upside of 14%. The brokerage believes that despite headwinds, the company's strong order book, healthy deal pipeline, and execution capabilities will help with growth momentum. The fit-for-future program will drive margin improvement. It expects the firm's revenue to grow at a CAGR of 8.6% over FY26-27.

  • Kernex Microsystems (India) is rising as its Kernex-VRRC consortium secures orders worth Rs 311 crore from Southern Railways, Chennai. The orders involve Rs 173.1 crore to install the Kavach safety system in multiple railway sections of the Chennai Division. The second order, valued at Rs 137.9 crore, includes setting up the Kavach system, towers, and an optical fiber cable network in the Arakkonam–Jolarpettai section.

  • Oil and Natural Gas Corp is rising as Brent crude jumps $6 to $75.4 per barrel following Israel’s airstrike on Iran. The strike raises fears of supply disruptions amid escalating geopolitical tensions in the Middle East.

  • InterGlobe Aviation falls over 4% amid reports that its promoter, InterGlobe Enterprises, may sell around a 4% stake through block deals. InterGlobe Enterprises currently holds a 35.7% stake in the company and is looking to raise approximately $1 billion from the stake sale.

  • ICRA is rising as its board approves the acquisition of a 100% stake in Bengaluru-based Fintellix India for $26 million (approximately Rs 223.9 crore). The deal strengthens ICRA’s credit risk assessment and monitoring portfolio by adding risk reporting capabilities to its existing solutions.

  • Asian Paints is falling as Reliance Industries sells a 3.6% stake (or 3.5 crore shares) worth Rs 7,703 crore in the company through its subsidiary, Siddhant Commercials.

  • Lloyds Enterprises rises sharply as it acquires 3.7 crore shares in Lloyds Engineering Works via a rights issue. It now holds 49 crore shares, making up 33.3% of the company’s equity.

  • Shipping stocks like Shipping Corp of India and GE Shipping are rising as escalating tensions in the Middle East raise concerns over global trade disruptions and higher tanker rates. A volatile Strait of Hormuz could force vessels to reroute, impacting global oil and gas transportation.

  • Jubilant Ingrevia surges as around 98.7 lakh shares (~7% stake), worth Rs 667 crore, reportedly change hands in a block deal at an average price of Rs 676 per share. Promoter Bhartia family is likely the seller in the transaction.

  • Jubilant Foodworks rises as around 1.1 crore shares (~2% stake), worth Rs 702 crore, reportedly change hands in a block deal at an average price of Rs 662 per share. Promoter Bhartia family is likely the seller in the transaction.

  • Jubilant Pharmova rises as 48.3 lakh shares (3% stake) worth approximately Rs 527 crore reportedly change hands in a block deal at an average price of Rs 1,087 per share.

  • Motilal Oswal maintains its bullish outlook on the cables & wires sector, citing robust demand growth outpacing supply, favourable trends in exports and infrastructure as key long-term drivers. The brokerage projects global grid capex to double by 2030 and believes India is well-positioned due to cost and compliance strengths. It names Polycab as its top pick in the sector, with a 'Buy' rating and a target price of Rs 7,250.

  • Universal Cables falls as the European Commission imposes an 8.3% countervailing duty (CVD) on its single-mode optical fibre cable (OFC) exports to the European Union.

  • Dixon Technologies signs a 50:50 joint venture agreement with Signify Innovations for the original equipment manufacturing (OEM) of lighting products and accessories.

  • Genus Power falls as Singapore sovereign wealth fund GIC plans to sell a 3.6% stake worth approximately Rs 650 crore via a block deal at an average price of Rs 360 per share.

  • India's CPI inflation falls 34 bps to 2.8% in May from 3.2% in April, marking the lowest level since February 2019. The decline is mainly driven by a sharp drop in food prices. Rural inflation eases MoM to 2.6% from 2.9%, while urban inflation softens to 3.1% from 3.4%.

  • NBCC secures an order worth over Rs 518.4 crore from Navodaya Vidyalaya Samiti to construct Jawahar Navodaya Vidyalaya campuses across Arunachal Pradesh, Manipur, Assam, and Telangana.

  • DCM Shriram's board of directors approves acquiring a 100% stake in Hindustan Speciality Chemicals for a cash consideration of Rs 375 crore. This acquisition marks the company's entry into the epoxy and advanced materials space.

  • Crompton Greaves Consumer Electricals secures an order worth over Rs 101 crore from the Maharashtra Energy Development Agency (MEDA) to supply and install 4,500 off-grid solar water pumps across the state under Component-B of the PM-KUSUM scheme.

  • Torrent Power is rising as its wholly-owned subsidiary, Torrent Green Energy, receives orders worth approximately Rs 2,650 crore from Solar Energy Corporation of India (SECI) to develop 300 MW of ISTS-connected wind power projects under Wind Tranche-XVIII.

  • Market sinks in morning trading. Nifty 50 was trading at 24,601.15 (-287.1, -1.2%), BSE Sensex was trading at 80,427.81 (-1264.2, -1.6%) while the broader Nifty 500 was trading at 22,757.65 (-288.8, -1.3%).

  • Market breadth is moving down. Of the 2,011 stocks traded today, 149 showed gains, and 1,826 showed losses.

Riding High:

Largecap and midcap gainers today include Max Healthcare Institute Ltd. (1,232.80, 2.6%), Jubilant Foodworks Ltd. (682, 2.1%) and ICICI Lombard General Insurance Company Ltd. (1,940.70, 2.0%).

Downers:

Largecap and midcap losers today include Indian Renewable Energy Development Agency Ltd. (167.26, -4.7%), InterGlobe Aviation Ltd. (5,262, -3.9%) and Canara Bank (111.46, -3.6%).

Volume Shockers

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

Top high volume gainers on BSE included Jubilant Ingrevia Ltd. (793.55, 16.4%), Narayana Hrudayalaya Ltd. (1,913, 4.9%) and Jubilant Foodworks Ltd. (682, 2.1%).

Top high volume losers on BSE were Jubilant Pharmova Ltd. (1,094.20, -2.8%), Hindustan Petroleum Corporation Ltd. (386.25, -1.6%) and GMR Airports Ltd. (80.90, -1.2%).

Great Eastern Shipping Company Ltd. (989.45, 1.5%) was trading at 16.1 times of weekly average. V-Guard Industries Ltd. (377.50, -0.3%) and Go Digit General Insurance Ltd. (342.95, 0.7%) were trading with volumes 5.9 and 3.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

6 stocks took off, crossing 52 week highs, while 3 stocks hit their 52 week lows.

Stocks touching their year highs included - JK Cement Ltd. (6,082.50, 1.4%), Manappuram Finance Ltd. (279.54, 3.2%) and Muthoot Finance Ltd. (2,598.70, 1.7%).

Stocks making new 52 weeks lows included - Escorts Kubota Ltd. (3,130.20, -1.2%) and Aditya Birla Fashion and Retail Ltd. (73.80, -1.9%).

5 stocks climbed above their 200 day SMA including Jubilant Ingrevia Ltd. (793.55, 16.4%) and RHI Magnesita India Ltd. (503.15, 3.4%). 68 stocks slipped below their 200 SMA including Tata Teleservices (Maharashtra) Ltd. (71.60, -6.9%) and Chennai Petroleum Corporation Ltd. (641.95, -3.4%).

 
Trendlyne Marketwatch
Trendlyne Marketwatch
12 Jun 2025
Market closes lower, SG Mart bags orders worth Rs 266 crore for solar structures
By Trendlyne Analysis

Nifty 50 closed at 24,888.20 (-253.2, -1.0%), BSE Sensex closed at 81,691.98 (-823.2, -1%) while the broader Nifty 500 closed at 23,046.45 (-291.4, -1.3%). Market breadth is moving down. Of the 2,448 stocks traded today, 645 were on the uptick, and 1,768 were down.

Indian indices closed in the red, dragged down by IT and auto stocks, amid renewed tariff tensions. The Indian volatility index, Nifty VIX, rose around 2.6% and closed at 14 points. Shakti Pumps closed 2.9% higher as it received an order worth Rs 114.6 crore from the Maharashtra Energy Development Agency to supply 4,500 off-grid solar photovoltaic water pumping systems.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red, following the benchmark index. BSE Power and Nifty PSU Bank closed lower. According to Trendlyne’s sector dashboard, Utilities emerged as the worst-performing sector of the day, with a fall of 2.4%.

European indices are trading mixed. Major Asian indices closed mixed. US index futures are trading lower, indicating a negative start to the session. President Trump signalled he may extend the July 8 deadline for completing trade talks with countries before his reciprocal tariffs take effect. Meanwhile, Brent crude futures are trading lower amid rising tensions between Israel and Iran.

  • Oil India sees a long buildup in its June 26 futures series, with open interest increasing by 16.2% and a put-call ratio of 0.5.

  • Nazara Technologies’ committee of independent Directors reviews and recommends the ongoing open offer by Axana Estates, Plutus Wealth, and Junomoneta Finsol as fair and reasonable. The offer seeks to acquire a 26% stake for Rs 2,384 crore at Rs 990 per share.

  • SG Mart secures orders worth Rs 266 crore from multiple Independent Power Producers (IPPs) for its newly launched solar module mounting structures under the APL Apollo SunSteel brand, marking its entry into the renewable energy sector.

  • Coromandel International falls sharply as it issues a corporate guarantee worth $23.1 million (~ Rs 197.7 crore) to Citibank for a loan worth $21 million (~ Rs 179.8 crore) for its Senegal subsidiary, Baobab Mining & Chemicals Corp. The proceeds from the loan will be used for working capital requirements.

  • Elara Capital expects steel companies' margins to improve in Q1FY26, driven by price hikes in March & April. The brokerage notes that steel prices remain soft across geographies, and seasonal softness will likely set in. It highlights that steel imports from China into India were down by 11% YoY for the fourth consecutive month in April.

  • Ashoka Buildcon is falling after the Goods and Services Tax Department in Mumbai issues a search and seizure notice under Section 67 of the MGST Act.

  • Anupam Rasayan India receives a letter of intent (LoI) from E-Lyte Innovations and Fuchs Lubricants Germany for the long-term supply of up to 1,500 tonnes per annum (TPA) of Lithium Hexafluorophosphate.

  • Mahanagar Telephone Nigam rises sharply as the Union Cabinet reportedly meets to discuss an asset transfer under its revival plan. The company’s debt load is over Rs 33,500 crore, including loans, bonds, and borrowings from the Department of Telecommunications.

  • Rahul Bharti, Senior Executive Officer at Maruti Suzuki, highlights that the rare earth magnet shortage does not impact production. He adds that there is no disruption in the manufacturing of the e-Vitara and that the company is actively working on solutions to maintain operations. Bharti also says inventory is secure until July, but there is some uncertainty beyond that point.

  • Indian Overseas Bank falls as it cuts its external benchmark lending rate (EBLR) by 50 bps to 8.35%, effective June 12. The move follows the RBI’s repo rate cut to 5.5%.

  • Advait Energy rises sharply as Vijay Kedia buys 1 lakh shares (0.9% stake) worth Rs 17.2 crore in a bulk deal on Wednesday.

  • Hindustan Petroleum Corp and Bharat Petroleum Corp fall up to 4% as crude oil prices surge above $70 per barrel. Rising oil prices will increase raw material costs and reduce margins for these companies.

  • Adani Group reportedly plans to list its airports unit, Adani Airports, by March 2027 as part of its $100 billion (approx Rs 8.4 lakh crore) investment strategy across various sectors. This includes spinning off and publicly listing the airports division, which operates eight airports across India. Last week, it secured a $750 million (around Rs 6,250 crore) investment from a consortium of international banks.

  • Asian Paints falls as 3.5 crore shares (3.6% stake) worth approximately Rs 7,703 crore reportedly change hands in a block deal at an average price of Rs 2,201 per share.

  • Lemon Tree Hotels signs a new 72-room Lemon Tree Premier hotel in Indore, Madhya Pradesh. The hotel will be managed by its subsidiary, Carnation Hotels.

  • Shakti Pumps (India) is rising as it receives an order worth Rs 114.6 crore from the Maharashtra Energy Development Agency (MEDA) to supply 4,500 off-grid solar photovoltaic water pumping systems across Maharashtra under Component-B of the PM-KUSUM scheme.

  • Hyundai India reportedly plans to leverage the global supply network of its parent, Hyundai Motor Co, to source rare earth magnets amid rising concerns over potential supply restrictions. The company remains cautious but sees no short-term production disruptions, backed by sufficient inventory to meet its needs through year-end.

  • City Union Bank's board of directors approves raising Rs 500 crore through a qualified institutional placement (QIP) of equity shares.

  • Paytm falls as the Finance Ministry dismisses reports of introducing a merchant discount rate (MDR) on UPI payments. MDR is the fee merchants pay to banks or payment service providers like Paytm to process digital transactions.

  • C.E. Info Systems falls as 28.6 lakh shares (5.3% stake) worth approximately Rs 476.2 crore reportedly change hands in a block deal at an average price of Rs 1,750 per share. Phonepe is likely the seller in the transaction.

  • Antique Stock Broking maintains a 'Buy' rating on MOIL with a higher target price of Rs 434. The brokerage sees strong volume growth for the PSU and raises its FY27 volume estimate by 3.8%, leading to a 5.6% boost in projected EBITDA. It also highlights the company’s record production in April–May and affirms that the FY26 guidance of 2.5 metric tonnes (MT) remains on track.

  • Sterlite Technologies is rising as it receives an order worth Rs 2,631.1 crore from Bharat Sanchar Nigam Limited (BSNL) to design and construct Bharatnet's middle mile network in Jammu & Kashmir and Ladakh.

  • Tanla Platforms surges as its board of directors schedules a meeting on June 16 to consider the proposal for a buyback of equity shares.

  • SEPC rises sharply as it receives an order worth Rs 650 crore from Parmeshi Urja for the engineering, procurement, and construction (EPC) of a 133 MW AC solar power project across 26 locations in four districts of Maharashtra.

  • Hindustan Copper plans to expand its mining capacity to 12.2 million tonnes per annum (MTPA) from 4 MTPA with a capex of Rs 2,000 crore over the next 5-6 years. The company plans to expand its underground mine at Malanjkhand Copper Project (MCP) and Khetri Copper Complex (KCC) and reopen the Rakha mine at the Indian Copper Complex (ICC).

  • Nifty 50 was trading at 25,159.90 (18.5, 0.1%), BSE Sensex was trading at 82,571.67 (56.5, 0.1%) while the broader Nifty 500 was trading at 23,362.75 (24.9, 0.1%).

  • Market breadth is highly positive. Of the 1,988 stocks traded today, 1,424 were in the positive territory and 521 were negative.

Riding High:

Largecap and midcap gainers today include Torrent Pharmaceuticals Ltd. (3,258.80, 1.7%), Max Healthcare Institute Ltd. (1,202.20, 1.3%) and SBI Cards and Payment Services Ltd. (1,002.15, 1.0%).

Downers:

Largecap and midcap losers today include Hindustan Petroleum Corporation Ltd. (392.55, -5.4%), Bharat Petroleum Corporation Ltd. (318.65, -4.6%) and Central Bank of India (38.46, -4.2%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Tanla Platforms Ltd. (679.20, 9.1%), RHI Magnesita India Ltd. (486.55, 5.5%) and Route Mobile Ltd. (1,077.60, 4.9%).

Top high volume losers on BSE were C.E. Info Systems Ltd. (1,770.40, -9.4%), One97 Communications Ltd. (895.40, -6.8%) and Hindustan Petroleum Corporation Ltd. (392.55, -5.4%).

Eris Lifesciences Ltd. (1,791.10, 4.4%) was trading at 25.0 times of weekly average. Bombay Burmah Trading Corporation Ltd. (1,982.50, -1.3%) and Elgi Equipments Ltd. (531, 0.8%) were trading with volumes 15.5 and 12.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

12 stocks made 52 week highs,

Stocks touching their year highs included - Deepak Fertilisers & Petrochemicals Corporation Ltd. (1,562.80, -0.8%), Divi's Laboratories Ltd. (6725, 0.1%) and JK Cement Ltd. (6,001.50, 0.5%).

16 stocks climbed above their 200 day SMA including Tanla Platforms Ltd. (679.20, 9.1%) and RHI Magnesita India Ltd. (486.55, 5.5%). 35 stocks slipped below their 200 SMA including C.E. Info Systems Ltd. (1,770.40, -9.4%) and CIE Automotive India Ltd. (458.60, -4.1%).

 
logo
The Baseline
11 Jun 2025
Valuations in some sectors are too hot | Screener: Rising stocks with PE below long term averages
By Swapnil Karkare

"Momentum". "Narrative". "Buzz".

When you ask analysts why certain Indian stocks are climbing in gravity-defying fashion, that’s what they say. Kotak analysts call the current market environment ‘All Dressed Up and Nowhere to Go’, with valuations in several sectors higher than what fundamentals justify.

But not everyone agrees. A counter view comes from ICICISec analysts, who argue that current valuations are "reasonable" given strong returns and the growth forecast.

India's risk premium has hit a 20-year low of 175 basis points. That’s the smallest gap between Indian and US 10-year yields in two decades. Simply put, this means that the Indian market looks much less risky now, and returns have held up — the average RoE (Return on Equity) is at 15% in India compared to 19% for the US.

So are we in a bubble waiting to pop, or not? Let's find out.

In this week's Analyticks,

Up, up and away: Are stock valuations out of control?

Screener: Rising stocks whose PE is below long-term averages


Calm down everyone, large-cap valuations are ok

Many analysts have different opinions about India’s valuations. Jefferies notes that MSCI India is trading at 23x forward PE, 17% above the 10-year average. 

But Anand Rathi economist Sujan Hajra says that Indian stocks haven’t fully reflected the benefits of falling bond yields and improving business fundamentals. His approach looks true at least for the large-caps (Nifty 50), whose valuations have stayed within the long-term averages.

Searching for bubbles in India's equity market

In some Indian sectors however, valuations remain elevated.

We did an analysis of trailing PE ratios across Nifty sectoral indices and industries (based on market cap averages), and found some striking numbers. Hotels, Restaurants, and Tourism (195x), Chemicals (77x), Consumer Durables (69x), Defence (64x), and Cement (57x) are all trading at exceptionally high PE multiples.

Additionally, current PE ratios for Textiles, Metals and Energy have exceeded their historical averages by 10-27%, suggesting that investors need to be careful. 

Double trouble: Potentially high-risk stocks inside high risk sectors

As a next step, we used Trendlyne's PE Buy Sell Zone to find sell zone companies in the eight expensive sectors mentioned above. The PE sell zone is calculated based on how many days a stock has historically traded below its current PE level.

The list of stocks below have PE sell zone values close to 100%. This means that these stocks trade below their current PE nearly 100% of the time. 

We look at cement in a separate section, where we analyse EV/EBITDA ratios instead of PE multiples.

Some hot chemical stocks are seeing volume and profit declines

Axis Securities downgradedArchean Chemical from ‘Buy’ to ‘Hold’ due to execution risks over several quarters and a sequential decline in bromine volumes. While Sudarshan Chemical’s Q4 results aren't out yet, the trailing 12-month performance tells a troubling story. Declining profits have pushed its PEG ratio (price to earnings growth) into negative territory, making it one of the most overvalued names in the dyes and pigment space.

The harshest assessment comes for Anupam Rasayan, where Jefferies maintained an 'Underperform' rating with a brutal target price of Rs. 520 — roughly half the current trading level. The concerns are mounting: negative operating cash flow, rising net debt, and a stock price that's 3-standard deviations above its historical forward PE average.

The chemicals sector appears to be struggling with operational headwinds. Such high valuation disconnects suggest more pain ahead.

Consumer Durables stocks see a mix of good and bad news 

It's a mixed picture here — while jewellery continues to shine, building materials face demand pressures.

Kalyan Jewellersposted a 36.5% rise in net profits in Q4FY25. Its debt reduction efforts, plans to open 170 new showrooms in FY26, and strong demand outlook have made it attractive. Motilal Oswal is positive on the overall jewellery sector. 

But building materials has faced difficulties due to a sluggish demand environment. Century Plyboards posted a 34% decline in net profits in Q4. Last year’s 11% market returns and demand headwinds have prompted Elara Securities to cut the target price and downgrade from ‘Buy’ to ‘Accumulate’. Similarly, Kajaria Ceramics experienced a 20% YoY fall in FY25 EPS, leading to a downgrade from IDBI Capital, citing valuation concerns. 

Defence: Everyone's talking about it. But order books are not that pretty 

India’s defence sector is booming. While the sector’s long-term prospects look strong, the valuations are pretty eye-watering.

Kotak notes that prices of buzzy stocks like Bharat Dynamics and Solar Industries already have an optimistic future baked in, and Value Research warns that "much of the past performance is driven by valuation re-rating rather than earnings, order books remain patchy and dependence on a single client (the government) adds structural vulnerability." 

Energy stocks see earnings take a hit

The energy sector is struggling with weak earnings and lower volumes.  NHPC’s inoperative Teesta-V plant continues to drag its finances. The stock’s recent rally leaves little room for upside. ICICI Securities downgraded the stock to ‘Sell’.  

SJVN’s numbers have looked rough as it swung from profit in Q4FY24 to a loss in Q4FY25. Despite a 20% decline in the stock over the past year, valuations remain steep — its current PE and EV/EBITDA are still double their historical averages, implying a potential downside of over 30% from current levels.

GSPL has faced operational challenges. Cheaper liquid fuels and shutdowns at fertiliser plants have pulled GSPL’s transmission volume down, which is expected to recover only in FY26–27.

Hotels and restaurants: Indians are travelling but not eating out

While hotels are doing well, restaurant stocks are grappling with demand challenges and valuation concerns. 

ITC Hotels reported a healthy quarter, with a 41% rise in consolidated net profit, riding on higher room demand than supply. Elara is bullish on its outlook as it expects a 15% CAGR in revenue growth over the next 3-4 years. The analyst sees it as attractive even at current valuations, given the sectoral tailwinds.

Restaurant operators face a tougher environment. Analysts are waiting for the consumption to take off. In Q4FY25, Devyani International, which runs KFC, Pizza Hut and Costa Coffee, saw losses nearly double from Q4FY24 levels. Citi believes it is well-positioned to benefit when consumer sentiment improves.

Jubilant Foodworks, which runs Domino’s and Dunkin’, on the other hand, is aggressively driving volumes through innovations, value meals, and promotional offers in the weak demand environment. At current valuations, PL Capital projects limited upside, while UBS recommended selling it and booking profits.

Metals and textiles: Valuations are outpacing results

The metals sector is showcasing solid operational performance, but valuation gaps persist. 

APL Apollo reported a strong 25% YoY growth in sales volumes. Its management is confident of a 20% CAGR growth over the next 3–4 years, driven by rising infrastructure demand, capacity expansion, and a shift from scrap-based to HRC-based pipes. However, its valuations are way up there, compared to peers.

JSW Steel posted a 13.5% YoY rise in Q4 profit, despite weak steel prices. Analysts are optimistic about growth due to rising domestic demand and cost efficiencies.But Elara hit it with a ‘Reduce’ rating, pointing to oversupply concerns and the legal overhang from the Bhushan Steel case.

Textile stocks have been swinging up on hopes that global politics could work in India's favour, including the China+1 strategy and improving global demand. But valuations from every angle, are steep.

Cement sees a big disconnect 

The cement sector is a classic example of elevated valuations that are disconnected from the fundamentals. Despite low asset efficiency, large earnings downgrades and modest ROE, Kotak calls cement companies’ valuations ‘ridiculous’. 

Looking at two highly valued names (Dalmia Bharat and Star Cement) based on EV/EBITDA ratios reveals the stark contrasts within the sector.

Dalmia Bharat struggled in Q4FY25 with its revenue falling 5% YoY due to muted volumes and realisations. BOB Capital hit it with a ‘Sell’ rating, citing pricing pressure, rising debt and supply overhang despite ongoing expansion plans. 

Star Cement, a leader in the North-Eastern region, however, presents a more compelling story. Thanks to the rising share of renewable energy, government incentives, and firm prices in the region, Emkay expects an improvement in EBITDA margins from 18% in FY25 to 22-23% by FY27. Most brokers maintain ‘Buy’ ratings, though the stock trades at 5x its historical average valuation.

Overall, the numbers don’t lie. The Indian market looks healthy overall, and reflecting the fundamentals. But some sectors and stocks are running too hot.

Screener: Stocks with PE TTM lower than 3-year, 5-year and 10-year PE averages, with good financial results

Lupin, Bharti Airtel’s TTM PE is below 3-year average PE

With the Indian markets getting some relief with the RBI rate cut and growth recovery in Q4, we look at undervalued stocks with strong financials. This screener shows rising stocks with trailing twelve-month (TTM) PE lower than the 3-year, 5-year and 10-year average PE, alongside profit and revenue growth.

The screener contains stocks from the automobiles & auto components, pharmaceuticals & biotechnology, banking & finance, and telecom services sectors. Major stocks featured in the screener are Bharat Airtel, Eicher Motors, Lupin, Engineers India, Cipla, Jubilant Pharmova, HDFC Bank, and Bombay Burmah Trading.

Bharti Airtel’s TTM PE of 32.1 is lower than its 3-year, 5-year, and 10-year average PEs of 87.5, 82.3, and 303.7, respectively. This telecom services company’s net profit surged by 4.5x YoY to Rs 33,556.1 crore in FY25, helping to lower the TTM PE. Strong margin growth in the enterprise business, tariff hike in the India wireless business, full quarter integration of Indus Towers, and exit from low-margin businesses, led to the increase in net profit. 

Lupin also shows up in the screener with a TTM PE of 27.9, lower than its 3-year, 5-year, and 10-year average PEs of 79.3, 56.4, and 61.4, respectively. This pharma company’s net profit grew by 71.4% YoY to its highest level of Rs 3,281.6 crore in FY25, driving its PE lower. Improving product mix and products with higher margins, niche launches in the US, clearance from the US FDA for facilities, domestic formulations regaining momentum and cost optimisation measures led to higher profits.

You can find some popular screeners here.

 
Trendlyne Marketwatch
Trendlyne Marketwatch
11 Jun 2025
Market closes higher, Minda Corp forms JV with Toyodenso to make advanced auto switches
By Trendlyne Analysis

Nifty 50 closed at 25,141.40 (37.2, 0.2%), BSE Sensex closed at 82,515.14 (123.4, 0.2%) while the broader Nifty 500 closed at 23,337.85 (-2.1, 0.0%). Market breadth is in the green. Of the 2,463 stocks traded today, 1,334 were on the uptrend, and 1,094 went down.

Indian indices closed higher supported by Oil & Gas, Pharma & IT stocks. The Indian volatility index, Nifty VIX, declined 2.5% and closed at 13.7 points. Maruti Suzuki delayed the launch of its EV (e-Vitara) due to China’s export curbs on rare earth magnets. The company trimmed its FY26 production target to 67,000 units from 88,000.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the red. Nifty Oil & Gas and BSE Oil & Gas were among the top index gainers today. According to Trendlyne’s Sector dashboard, Hardware Technology & Equipment emerged as the best-performing sector of the day, with a rise of 2.7%.

Asian indices closed higher, while European indices are trading in the green. US index futures traded in the red, indicating a cautious start to the trading session. A US appeals court allowed President Trump's broad tariffs to remain in place during a review of a lower court ruling that deemed them an overreach of his authority. Meanwhile, investors are eyeing the upcoming US May CPI data release and next week's Fed meeting. The monthly annual inflation rate is expected to remain at 0.2%, with core CPI seen rising 0.3% MoM.

  • Relative strength index (RSI) indicates that stocks like Central Depository Services of India, Concord Biotech, Dr Reddy's Laboratories, and Multi Commodity Exchange of India are in the overbought zone.

  • Jio Financial Services' JV with BlackRock, Jio BlackRock Investment Advisers, secures SEBI approval to operate as an investment adviser in India.

  • Garden Reach Shipbuilders & Engineers signs a contract with the Geological Survey of India to build two coastal research vessels for oceanic exploration, mineral exploration, and environmental monitoring.

  • Wipro rises as 18.1 crore shares (1.8% equity), amounting to Rs 4,675 crore, reportedly change hands in a block deal.

  • KP Green Engineering secures new orders worth Rs 97.3 crore across various segments. These include Rs 47.8 crore for crash barriers, Rs 37.6 crore for solar structures, Rs 7.2 crore for transmission materials, and the rest for isolators and rooftop projects.

  • Minda Corp forms a 60:40 joint venture (JV) with Japan's Toyodenso to develop, manufacture, and sell advanced automotive switches in India.

  • Rekha Jhunjhunwala sells a 1.9% stake worth Rs 218 crore in Nazara Technologies in the first week of June. She now holds a 5.07% stake in the company.

  • Antique Stock Broking remains bullish on India's defence sector, citing strong order flow, rising self-reliance, and geopolitical risks. It maintains its 'Buy' rating on HAL, BEL, Mazagon Dock, and PTC Industries, attributing to the government's Rs 16 lakh crore domestic defence outlay target by 2030.

  • Geojit BNP Paribas maintains its 'Buy' call on NTPC with a higher target price of Rs 368 per share. This indicates a potential upside of 7.7%. The brokerage believes that the company's focus on capacity expansion in the renewables segment and improvement in operational efficiency will drive long-term growth. It expects the firm's revenue to grow at a CAGR of 6.9% over FY26-27.

  • BSE falls after it is added to Stage 1 of the Additional Surveillance Measures (ASM) framework. The ASM framework monitors factors like price volatility, trading volumes, and client concentration.

  • Waaree Energies is rising as its wholly-owned subsidiary, Waaree Solar Americas, secures a 599 MW solar module supply order from a leading US utility-scale solar and energy storage project developer.

  • Sula Vineyards and GM Breweries surge over 9% after Maharashtra exempts beer and wine from the excise duty hike on Indian-made foreign liquor (IMFL). The duty on IMFL has been raised from 3X to 4.5X of the declared manufacturing cost.

  • Economists expect India’s CPI inflation to ease to 2.98% in May, down from 3.16% in April, the lowest level since July 2019 and below RBI's 4% target. Rahul Bajoria, India economist at BofA, notes that food inflation is now lower than core inflation, as the rise in non-perishable prices has been easing for some time. He added that while vegetable prices likely increased in May, the rise was smaller than usual seasonal trends.

  • Reliance Infrastructure's subsidiary, Reliance Defence, and Germany's Diehl Defence strengthen their partnership for the urgent supply of system vulcano 155mm precision-guided munition to the Indian Armed Forces.

  • Reports suggest that 60.9 lakh shares (0.1% stake) of Eternal, worth Rs 156 crore, have changed hands in a block deal at an average price of Rs 256 per share. The stock has recently witnessed selling pressure following reports that Rapido is set to launch a food delivery pilot in Bengaluru by the end of the month.

  • Avendus Spark initiates coverage on Oil India with a 'Buy' rating and a target price of Rs 630. The brokerage expects an increase in near-term production, helped by infrastructure projects and higher gas prices. It projects earnings to grow by 80% by FY28.

  • Shree Cement Chairman, HM Bangur, projects a 2–3% volume growth and 5–6% cement price growth in FY26. He expects the company to maintain EBITDA per tonne at Rs 1,400 this year and aims to reach a capacity of 100 million metric tonnes within the next 3–4 years.

  • CreditAccess Grameen is rising after securing a $100 million (approximately Rs 855 crore) multi-currency syndicated social loan, classified as an external commercial borrowing (ECB) under the Reserve Bank of India’s automatic route.

  • Maruti Suzuki falls as the launch of its e-Vitara faces delays due to China’s export curbs on rare earth magnets. The company reportedly plans to trim its FY26 production target to 67,000 units from 88,000. By September, it plans to produce 8,200 units, down from 26,500.

  • Aditya Birla Capital is rising as 2.3 crore shares (0.9% stake) worth approximately Rs 568 crore reportedly change hands in a block deal at an average price of Rs 242.7 per share. Private equity firm Advent International is likely the seller in the transaction.

  • Tata Communications is falling as it defers its targets for revenue growth, margin expansion, and return on capital employed (RoCE). The company aims to achieve these goals by FY28 instead of the earlier target of FY27. Additionally, the management guides for double-digit EBITDA margins in its digital portfolio over time, compared to the EBITDA loss of Rs 900 crore reported in FY25.

  • Talbros Automotive is rising as it receives Rs 580 crore in domestic and export orders to supply gaskets, heat shield products, and forging components to original equipment manufacturers (OEMs).

  • Marksans Pharma rises as around 1 crore shares (2.3% stake), worth Rs 257 crore, reportedly change hands in a block deal at an average price of Rs 250 per share. OrbiMed Asia IV Mauritius FVCI is likely the seller in the transaction.

  • Kolte-Patil Developers rises sharply as the Competition Commission of India (CCI) approves Blackrock's acquisition of a 40% stake worth Rs 1,166 crore in the company.

  • Inox Wind receives approval from the National Company Law Tribunal (NCLT) to merge Inox Wind Energy with itself.

  • Nifty 50 was trading at 25,124.45 (20.2, 0.1%), BSE Sensex was trading at 82,473.02 (81.3, 0.1%) while the broader Nifty 500 was trading at 23,379.90 (40.0, 0.2%).

  • Market breadth is overwhelmingly positive. Of the 2,001 stocks traded today, 1,474 were on the uptick, and 467 were down.

Riding High:

Largecap and midcap gainers today include Oil India Ltd. (465.30, 6.4%), Bharat Petroleum Corporation Ltd. (333.85, 4.3%) and Biocon Ltd. (354.45, 3.9%).

Downers:

Largecap and midcap losers today include United Spirits Ltd. (1,503.80, -6.6%), Hindustan Zinc Ltd. (520.55, -2.5%) and Mazagon Dock Shipbuilders Ltd. (3,314.60, -2.5%).

Volume Shockers

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

Top high volume gainers on BSE included Oil India Ltd. (465.30, 6.4%), Tata Teleservices (Maharashtra) Ltd. (75.85, 6.1%) and Crisil Ltd. (5,838.50, 6.0%).

Top high volume losers on BSE were Indian Energy Exchange Ltd. (193.68, -7.8%), United Spirits Ltd. (1,503.80, -6.6%) and Jubilant Ingrevia Ltd. (680.20, -2.0%).

NMDC Steel Ltd. (40.92, 2.6%) was trading at 8.4 times of weekly average. Grindwell Norton Ltd. (1,802.20, -0.3%) and Natco Pharma Ltd. (934.10, 6.0%) were trading with volumes 8.0 and 7.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

14 stocks made 52 week highs,

Stocks touching their year highs included - Deepak Fertilisers & Petrochemicals Corporation Ltd. (1,575.90, 1.5%), Divi's Laboratories Ltd. (6,719, 0.7%) and Gillette India Ltd. (10,235.50, 1.0%).

24 stocks climbed above their 200 day SMA including Tata Teleservices (Maharashtra) Ltd. (75.85, 6.1%) and Prism Johnson Ltd. (159.97, 5.9%). 10 stocks slipped below their 200 SMA including Info Edge (India) Ltd. (1,505.90, -1.9%) and EIH Ltd. (372.70, -1.7%).