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Trendlyne Marketwatch
07 Jul 2025, 03:55PM
Market closes flat, Sharda Motor's board approves 1:1 bonus share allotment
By Trendlyne Analysis

Nifty 50 closed at 25,461.30 (0.3, 0%), BSE Sensex closed at 83,442.50 (9.6, 0.0%) while the broader Nifty 500 closed at 23,551.20 (-11.3, -0.1%). Market breadth is in the red. Of the 2,498 stocks traded today, 937 showed gains, and 1,509 showed losses.

Indian indices closed flat amid anticipation of a potential India-US trade deal and renewed tariff threats by Donald Trump targeting BRICS nations. The Indian volatility index, Nifty VIX, rose 1.9% and closed at 12.6 points. Dreamfolks Services declined 6.1% after Adani Airports CEO, Arun Bansal announced direct access to Adani airport lounges via a digital platform, eliminating the need for intermediaries.

Nifty Midcap 100 & Nifty Smallcap 100 closed flat, following the benchmark index. Nifty Alpha Quality Value Low-Volatility 30 and Nifty FMCG were among the top index gainers today. According to Trendlyne’s Sector dashboard, FMCG emerged as the best-performing sector of the day, with a rise of 2.2%.

Asian indices closed lower, while European indices are trading mixed. US index futures traded in the red indicating a cautious start to the trading session. Oil prices declined after OPEC and its allies announced on July 5 a production increase of 548,000 bpd for August, surpassing the 411,000 bpd hikes implemented in May, June, and July. Meanwhile, BRICS leaders, meeting in Rio de Janeiro, sharply criticized US President Trump’s trade tariffs, labeling them illegal and a danger to the global economy.

  • Info Edge (India) sees a short buildup in its July 31 futures series, with open interest increasing by 8.8% and a put-call ratio of 0.8.

  • Sharda Motor Industries surges as its board approves the allotment of 2.9 crore bonus equity shares of the face value of Rs 2 each in the ratio 1:1.

  • Dreamfolks Services falls sharply after Adani Airports CEO Arun Bansal announces that flyers can directly access airport lounges via a digital platform, eliminating the need for intermediaries. The move may impact Dreamfolks’ core business model.

  • Prestige Estates Projects is rising as its wholly-owned subsidiary acquires the remaining 49% stake in Prestige Notting Hill Investments for Rs 300 crore.

  • A key inter-ministerial group (IMG) of the government is reportedly set to meet today to discuss the Share Purchase Agreement (SPA) for IDBI Bank. The meeting is expected to focus on finalizing the draft SPA and resolving other pending matters related to the bank's strategic disinvestment.

  • DCX Systems rises as it secures a 15-year industrial license to manufacture advanced radar, electronic warfare systems, avionics, and other category-A defence electronics. The license permits the production and testing of highly sensitive equipment under the Ministry of Commerce & Industry.

  • Keystone Realtors is rising as its pre-sales grow 75% YoY to Rs 1,068 crore in Q1FY26. Its collections increase 19% YoY to Rs 575 crore during the quarter, helped by the launch of three projects with a gross development value (GDV) of Rs 4,000 crore.

  • Hindustan Unilever rises sharply as UBS maintains a 'Buy' rating with a target price of Rs 2,800. This indicates a potential upside of 16%. The brokerage expects a recovery in H2FY26 if the company addresses gaps in parts of its portfolio and sees earnings momentum continuing into FY27.

  • Brent crude declines for the third consecutive day, dropping below $68 per barrel, after OPEC+ agreed to raise August output by 548,000 bpd, fueling oversupply concerns. Goldman Sachs now expects an additional 0.55 million bpd increase in September.

  • Shipping Corporation of India surges as it signs an agreement to acquire two second-hand Very Large Gas Carriers (VLGCs) with a cargo capacity of approximately 82,000 cubic metres (CBM). The deal is reportedly valued at $127 million (around Rs 1,091 crore). The vessels are expected to join the company’s fleet in the current quarter of FY26.

  • Puravankara surges as it secures redevelopment rights for eight residential societies in Chembur, Mumbai. The project offers a total development potential of over 1.2 million square feet across 4 acres, with an estimated gross development value (GDV) of Rs 2,100 crore.

  • Nuvama Wealth Management rises as PE firms CVC Capital, Permira, and EQT are reportedly in advanced talks to acquire a controlling stake from PAG in a potential deal valued at $1.6 billion (Rs 13,735 crore).

  • DK Sunil, CMD of Hindustan Aeronautics, projects an order inflow of Rs 1 lakh crore and an order book of Rs 2.5 lakh crore by FY26. He expects double-digit revenue growth with sustained margins going forward. Sunil notes that the Sukhoi-30 aircraft upgrade will take around five years to complete and highlights the company’s major push into drone development. He also confirms that the government has no plans to offload its stake in the company.

  • Senco Gold rises to its 5% upper limit as its total revenue grows 28% YoY in Q1FY26, with retail revenue up 24% YoY, driven by festive demand. The company opens nine new showrooms during the quarter, taking the total store count to 179.

  • IndusInd Bank's net advances decline 3.9% YoY to Rs 3.5 lakh crore in Q1FY26, and deposits fall marginally by 0.3% YoY to Rs 4 lakh crore. The bank's CASA ratio contracts by 518 bps YoY to 31.5%, indicating a higher cost of funds and lower margins.

  • Titagarh Rail Systems is rising as its board of directors schedules a meeting on July 9 to consider raising funds by issuing equity shares or other securities.

  • According to data from the Federation of Automobile Dealers Associations (FADA), retail sales of passenger vehicles (PVs) rise 2.5% YoY in June to 2.9 lakh units. Commercial vehicle retail sales increase 6.6% YoY to 73,367 units. The association notes that dealers express cautious optimism, driven by upcoming product launches, despite concerns over low customer inquiries and heavy rainfall.

  • 360 One Wam is rising as it receives approval from the National Stock Exchange (NSE) to acquire Credit Suisse Securities (India)'s stock broking and distribution business through its arm, 360 ONE Distribution Services.

  • Borosil Renewables' German subsidiary, GMB Glasmanufaktur Brandenburg GmbH, files for bankruptcy in a German insolvency court to wind up operations. Poor European Union (EU) market conditions, combined with cheap Chinese imports, contributed to a slump in demand for German solar panels.

  • Mahindra Lifespace launches a residential project in Pune, Mahindra Citadel, with an overall gross development value (GDV) of nearly Rs 2,500 crore.

  • Copper and other industrial metals extend losses after US President Donald Trump added fresh uncertainty to his trade agenda by pledging a 10% tariff on any country aligned with the BRICS bloc. Copper dropped 0.5% to $9,817 a ton, while aluminium also fell 0.5%, with all major metals declining on the London Metal Exchange.

  • CG Power & Industrial Solutions rises as its board of directors allocates 4.5 crore shares worth Rs 3,000 crore through a qualified institutional placement (QIP) at an issue price of Rs 660 per share.

  • Tourism Finance Corporation of India surges to its all-time high of Rs 275 as its board of directors schedules a meeting on July 10 to consider a stock split.

  • Rail Vikas Nigam is rising as it receives an order worth Rs 143.4 crore from Southern Railway. The order is for upgrading the electric traction system between Salem, Podanur, Irugur, and Coimbatore stations.

  • Tata Steel receives a Rs 1,902.7 crore demand order from the Office of Deputy Director of Mines, Jajpur, for a shortfall in supply of minerals from the Sukinda Chromite Block for the fourth consecutive year.

  • Nifty 50 was trading at 25,447.35 (-13.7, -0.1%), BSE Sensex was trading at 83,398.08 (-34.8, 0.0%) while the broader Nifty 500 was trading at 23,544.15 (-18.3, -0.1%).

  • Market breadth is in the red. Of the 2,064 stocks traded today, 845 were gainers and 1,137 were losers.

Riding High:

Largecap and midcap gainers today include Godrej Consumer Products Ltd. (1,268.40, 6.3%), Dabur India Ltd. (512.75, 3.6%) and Hindustan Unilever Ltd. (2,410.40, 3.0%).

Downers:

Largecap and midcap losers today include Indus Towers Ltd. (408.40, -3.9%), Info Edge (India) Ltd. (1,431.10, -3.7%) and Jubilant Foodworks Ltd. (684.10, -3.7%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Relaxo Footwears Ltd. (506.35, 9.0%), Godrej Consumer Products Ltd. (1,268.40, 6.3%) and Ratnamani Metals & Tubes Ltd. (3,006.70, 5.0%).

Top high volume losers on BSE were Jubilant Foodworks Ltd. (684.10, -3.7%) and Sanofi India Ltd. (6,001, -1.3%).

Jyothy Labs Ltd. (352.40, 3.0%) was trading at 13.8 times of weekly average. Metropolis Healthcare Ltd. (1,859.40, 4.9%) and BLS International Services Ltd. (377.35, 3.8%) were trading with volumes 12.6 and 7.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

7 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Apollo Hospitals Enterprise Ltd. (7,616, 0.8%), Fortis Healthcare Ltd. (806.90, 0.0%) and Glenmark Pharmaceuticals Ltd. (1,860.10, 1.6%).

11 stocks climbed above their 200 day SMA including Godrej Consumer Products Ltd. (1,268.40, 6.3%) and Akzo Nobel India Ltd. (3,609, 4.9%). 8 stocks slipped below their 200 SMA including Computer Age Management Services Ltd. (4,142, -2.1%) and Premier Energies Ltd. (1,042, -1.5%).

 
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The Baseline
04 Jul 2025
Five Interesting Stocks Today - July 04, 2025
By Trendlyne Analysis

1. Motilal Oswal Financial Services:

This financial services firm rose over 8% on Thursday after its asset management subsidiary reported that its Assets Under Management (AUM) had surpassed Rs 1.5 lakh crore. This marks a sharp increase from a quarter ago, when it was just above Rs 1.2 lakh crore. Over the past five years, its AUM has increased at a CAGR of 34%.

For FY25, the company reported an 18.5% increase in revenue, beating Forecaster estimates slightly by 0.7%. Net profit was flat for the year, mainly due to a Rs 743 crore loss in the treasury segment during Q4, which caused a 15% miss in profit estimates.

Wealth and asset management now contributes over 80% of group revenue, and the remainder comes from the broking and housing finance businesses. Housing finance grew by 13% in FY25, while other verticals saw 30%+ growth. Private Wealth Management remains the most profitable division, contributing more than 40% to operating income.

Group Managing Director, Navin Agarwal, said, “We believe the Private Wealth Management business will contribute a larger share of profitability for the group in the coming years due to higher growth as we continue to penetrate more customers with differentiated products and services.”

Agarwal added, “We believe that the Motilal Oswal Group is very well placed to benefit from the financialization theme, which is a long-term mega trend.” He expects this trend to play out over several decades, especially in India, given the low penetration of investment products and services.

Emkay Global maintains its ‘Buy’ rating on the stock with a lower target price of Rs 850, due to the treasury impact. Despite this, the brokerage expects revenue to grow at a CAGR of 10% and operating profit at a CAGR of 12% over FY26–28, citing the company’s historical resilience in volatile market conditions.

2. Torrent Pharmaceuticals:

This pharma company has risen by 4.5% over the past week after it signed an agreement to buy a controlling stake in JB Chemicals & Pharmaceuticals (JBCP) at a valuation of Rs 25,600 crore. The acquisition will be followed by a merger of the two entities. Torrent Pharma will acquire a 46.4% stake from US-based private equity firm KKR for Rs 11,900 crore, and will later launch a mandatory open offer to acquire up to 26% from public shareholders.

JBCP has reported sales and net profit CAGR of 17% and 19%, respectively over FY22–25, reaching Rs 3,900 crore in revenue and Rs 660 crore in profit. While cardiology is the leading therapy area for both JBCP and Torrent, their focus products differ, which could support complementary growth post-acquisition. Torrent’s market share in cardiology after the acquisition is projected to increase by 410 bps to 11.3%. However, analysts expect the contribution of the India business to Torrent’s overall revenue to rise by only 50 bps, to around 57%. In the international market, there is no overlap for the companies in the US business. In Russia, JB’s brands have been growing at a relatively faster pace, and it also has an established presence in South Africa.

Torrent will get access to JBCP’s international contract development and manufacturing organization (CDMO) business, a segment where it currently has no presence. JBCP leads globally in the lozenges CDMO segment—an oral treatment used to treat throat irritation, which has been a key driver of its international operations.

As of FY25, Torrent has an EBITDA margin of 32%, while JB Pharma’s stands at 26%. Commenting on the potential improvement, Aman Mehta, Whole-time Director, said, “The immediate 1–2 years could see gains in the cost side, through procurement savings, operational efficiencies, and elimination of overlaps. Revenue-side benefits like cross-selling and portfolio expansion should be visible in the following years.” He added that margins should improve over the 3–5 year period, with near-term gains largely driven by cost synergies.

ICICI Securities has a ‘Hold’ rating on Torrent with a target price of Rs 3,500. The brokerage highlights that JB Pharma’s ophthalmology (eye-care) brand could support overall margin expansion post-acquisition. Additionally, the deal may give Torrent an entry into contract manufacturing of lozenges and help strengthen its presence in the US, Russia, and South Africa.

3. Amber Enterprises India:

This consumer electronics company rose by 8.3% over the past week as its subsidiary, IL JIN Electronics entered into a definitive agreement to take a majority stake in Power-One Micro Systems, a battery storage and solar inverter manufacturer. The company’s Executive Chairman & CEO, Jasbir Singh, said, “This transaction will provide a foothold for Amber’s Electronic Division into the rapidly growing sector for batteries, EV chargers, UPS and the solar inverter market.

The company also laid out plans to invest Rs 6,000 crore in an electronics manufacturing plant near Noida International Airport at Jewar. The facility will produce printed circuit boards (PCBs), home appliances, and consumer electronics. Yamuna Expressway Industrial Development Authority (YEIDA) has already issued a Letter of Intent to the firm for 100 acres of land in Noida, near the Yamuna Expressway.

The company posted a 48.1% increase in revenue for FY25, while its net profit surged by 83.3% due to robust growth in consumer durables & electronics segment. It surpassed the Forecaster operating revenue estimate by 4.4%, but missed the net profit estimate by 6.2% as its railway sub-systems & mobility division saw a decline in revenues as the focus remained on non-AC coaches and due to delay in railway projects across regions. The company appears in a screener of stocks with strong momentum.

Mr. Singh, speaking on future guidance, said, “We expect the electronics business to grow by 30% in FY26, with segment PBT margins improving by 300 basis points to 9-10%.” The firm plans to invest Rs 3,000 crore in the electronics segment over the next five years. Of this, 65% of the capex is expected to be recovered through the PLI scheme and government subsidies, while the company will bear the remaining 35%.

Sharekhan has retained a ‘Buy’ rating on Amber Enterprises with a target price of Rs 8,142. The brokerage sees it well positioned to benefit from growing demand in the components ecosystem. It highlights long term growth drivers for the room air conditioner (RAC) industry, including low penetration, rising temperatures, changing lifestyles, and increasing demand from Tier II to Tier IV cities, all of which are expected to boost AC component demand and support Amber’s growth.

4. Apollo Hospitals Enterprise:

Thishospital company rose 3.5% on July 1 after announcing thedemerger of its non-hospital businesses into a new company, Apollo Healthtech, which isexpected to list on stock exchanges within 18 to 21 months.

Thedemerger consolidates Apollo’s existing pharmacy distribution business (offline and online), Keimed (third-party distribution), and telehealth into a single entity. Post-demerger, Apollo Hospitals will operate two separately listed businesses: one focused on healthcare services (hospitals, diagnostics, and primary/specialty care), and the other on omnichannel pharmacy and digital health through Apollo Healthtech.

In FY25, the businesses proposed for demergergenerated revenue of Rs 16,300 crore andaim to reach Rs 25,000 crore by March 2027, with a 7% EBITDA margin. Growth is expected to come from an expanded digital health offering and wider pharmacy reach.

Commenting on Apollo Healthtech's outlook, Madhivanan Balakrishnan, CEO of Apollo Health Co,said, “We are looking at a revenue growth of around 22–23% on a YoY basis. We remain committed to achieving a break-even on the digital Apollo 24/7 platform by the end of this financial year.” Sanjeev Gupta, CFO of Apollo Healthadded that Apollo 24/7 posted a loss of Rs 80 crore in the last quarter, which is expected to reduce to zero over the next four quarters. The loss wasdue to the high operating costs associated with scaling its digital healthcare platform.

Analystsbelieve that the listing of Apollo Healthtech will simplify Apollo’s overall structure and help investors see the value of each business separately. Meanwhile, Apollo Hospitals will focus on core hospital operations as theyplan to invest over Rs 8,000 crore in the next five years to add more than 4,300 beds across India. 

Apollo Healthtech willpay a royalty to Apollo Hospitals for the ‘Apollo’ brand name. This royalty is likely to be approximately Rs 10 crore annually, with an increase over time.

Following the announcement, Motilal Oswalreiterated its ‘Buy’ rating with an upgraded target price of Rs 8,720, citing the strategic demerger as a key catalyst. The move unlocks value, enables focused growth, and positions Apollo Healthtech as a leading digital health and pharmacy platform.

5. Gabriel India:

This auto parts & equipment manufacturer rose 44.2% over the past week and touched a 52-week high of Rs 1,011.4 on July 2, after its boardannounced a restructuring plan. Gabriel's parent company, the ANAND Group, plans to combine and restructure its businesses to achieve revenues of Rs 50,000 crore by 2030.

Gabriel India manufactures suspension parts for two-wheelers, passenger cars, commercial vehicles, and railways. Its parent company, ANAND Group, owns two other automobile-related businesses, Anchemco and Asia Investment. 

Anchemco manufactures vehicle brake fluids, coolants, and diesel exhaust fluids. Asia Investments, along with its joint ventures (JVs), manufactures driveshafts, sealants and sunroofs.

The merger plans involve the restructuring of these two businesses under one roof. Anchemco will merge with Asia Investments. Post merger, the entire automotive business of Asia Investments, including Anchemco and its joint ventures, will be separated and merged into Gabriel.

Alongside this merger, Gabriel is diversifying beyond suspension products into new areas, such as solar dampers for the renewable energy sector. Atul Jaggi, Managing Director,said, “We aim to scale new products like solar dampers to Rs 200-300 crore in revenue over the next 2-3 years. We plan to double sunroof production capacity in the second half of FY26 and intend to expand the product portfolio.”

The company’s net profit rose 14.4% to Rs 211.9 crore inFY25. Revenue grew 8.9% to Rs 3,643.3 crore, driven by higher sales in the two-wheeler segment and the utility vehicles (UVs) segment. Anchemco and its joint ventures generated annual revenue of Rs 4,000 crore in FY26. Post merger, Gabriel's revenue is expected to increase to Rs 8,000 crore.

Elara Securitiesmaintains its 'Buy' rating with a higher target price of Rs 1,115 per share, citing that the company’s transition from a single-product to a multi-product business is expected to improve margins. The brokerage believes that after the merger, the company will expand into multiple products, segments, and geographies. It projects EPS to grow at a 45% CAGR from FY25-27.

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

 
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Trendlyne Marketwatch
04 Jul 2025
Market closes higher, Bajaj Finance's AUM grows 25% YoY crore in Q1FY26
By Trendlyne Analysis

Nifty 50 closed at 25,461 (55.7, 0.2%), BSE Sensex closed at 83,432.89 (193.4, 0.2%) while the broader Nifty 500 closed at 23,562.45 (40.6, 0.2%). Market breadth is even. Of the 2,471 stocks traded today, 1,272 were gainers and 1,158 were losers.

Indian indices closed higher after rising in the afternoon session. The Indian volatility index, Nifty VIX, fell 0.6% and closed at 12.3 points. BSE closed 6.6% lower after SEBI barred US-based Jane Street from Indian markets for allegedly manipulating equity derivatives through high-frequency trading.

Nifty Smallcap 100 and Nifty Midcap 100 closed flat. Nifty Capital Markets and Nifty Midcap Liquid 15 Indices were among the top index losers today. According to Trendlyne’s sector dashboard, Retailing emerged as the worst-performing sector of the day, with a fall of 2%.

Asian indices closed mixed. European indices are trading lower. US index futures are trading lower as investors remain cautious ahead of potential tariff announcements, with the current pause set to end on July 8. US markets are closed today for Independence Day. Brent crude futures are trading lower after falling 0.5% on Thursday.

  • Relative strength index (RSI) indicates that stocks like DCM Shriram, Bayer Cropscience, Laurus Labs, and JM Financial are in the overbought zone.

  • ArisInfra Solutions rises sharply as its subsidiary, ArisUnitern RE Solutions, secures a development management project in Bengaluru’s Nandi Hills with a gross development value of Rs 288 crore. The contract is expected to add nearly Rs 100 crore to ArisInfra’s order book, with responsibilities including material supply, project monitoring, sales, and collections.

  • Prabhudas Lilladher retains its 'Buy' call on Apollo Hospitals, with a target price of Rs 8,350 per share. This indicates a potential upside of 10.5%. The brokerage believes that the stake sale in Apollo HealthCo to Advent and the merger with Keimed are positive steps and will lead to an integrated pharmacy distribution business. It expects the company's revenue to grow at a CAGR of 16.1% over FY26-27.

  • IRB InvIT Fund to acquire 100% stake in three special purpose vehicles (SPVs) from IRB Infrastructure Trust (Private InvIT) for Rs 8,436 crore. The SPVs operate DBFOT (design, build, finance, operate, and toll) road projects.

  • Shares of Indraprastha Gas and Mahanagar Gas rise after the Petroleum and Natural Gas Regulatory Board approves the 2025 reforms to Natural Gas Pipeline Tariff Regulations. Key changes include reducing tariff zones from three to two and extending zone 1 tariffs nationwide to CNG and PNG. Pipeline operators must now source at least 75% of system-use gas through long-term contracts of three years or more.

  • Zinka Logistics Solutions is rising as its subsidiary, TZF Logistics Solutions, receives a prepaid payment instruments (PPI) license from the Reserve Bank of India (RBI). This will allow the company to establish and operate payment systems for PPIs.

  • KPI Green Energy is rising as its subsidiary, Sun Drops Energia, receives an order from Avichal Power to build a 100 MW solar power plant in Gujarat. The order includes full project work such as design, equipment supply, construction, and ongoing maintenance.

  • Bajaj Finance rises as its AUM grows by 25% YoY to Rs 4.4 lakh crore in Q1FY26. New loans booked increase 23% YoY to 1.3 crore during the quarter. It appears in a screener of stocks with zero promoter pledge.

  • Nuvama Wealth Management drops 10.9% following regulatory action by SEBI against its US-based trading partner, Jane Street. SEBI accuses Jane Street of manipulating index levels on expiry days to profit from Nifty and Bank Nifty options, resulting in illegal gains of Rs 4,844 crore, which must be deposited into an escrow account.

  • VRL Logistics' board of directors approves a bonus issue of shares to equity holders in the ratio of 1:1. This means that each shareholder will receive one fully paid-up equity share with a face value of Rs 10 for every share they hold on the record date.

  • Trent plunges as Nuvama downgrades the stock to ‘Hold’ from 'Buy' and cuts its target price to Rs 5,884, citing slower growth. At its annual general meeting (AGM), Trent flagged a slowdown in revenue growth, with expectations of around 20% for Q1FY26. This figure contrasts sharply with the 35% CAGR achieved between FY20 and FY25 and falls short of the company's target to maintain a 25% CAGR in the coming years.

  • Prime Focus surges to a new all-time high of Rs 175 as its board of directors approves a preferential issue of 46.3 crore equity shares worth Rs 5,552 crore at an issue price of Rs 120 per share.

  • Oil futures edge lower as Iran reaffirms its commitment to nuclear non-proliferation and expectations grow that major producers may agree to increase output this weekend. Brent crude futures slip 0.5% to $68.4 a barrel, while US West Texas Intermediate crude drops 0.2%.

  • BSE falls sharply after SEBI bars US-based Jane Street from Indian markets for alleged manipulation in equity derivatives. SEBI claims the firm used high-frequency trading to distort indices and mislead retail traders.

  • Kaynes Technology's board of directors approves a $17.7 million (~ Rs 151.1 crore) investment in its subsidiary, Kaynes Holding, through the acquisition of 1.8 crore shares. The subsidiary will utilise it to enhance the company's market presence in the electronics system design and manufacturing segments.

  • GMM Pfaudler is rising as its wholly-owned subsidiary, Pfaudler Brazil, agrees to acquire a 100% stake in SEMCO, Brazil, for $18.5 million (~Rs 158 crore). The acquisition strengthens its mixing technologies platform and expands its presence in Brazil and South America.

  • The Nifty India Defence index rises by 1.5% as the Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, approves 10 capital acquisition proposals worth approximately Rs 1.1 lakh crore for the Indian armed forces, with a focus on indigenous sourcing under the Buy (Indian-IDDM) category.

  • PC Jewellers surges as its Q1FY26 revenue jumps 80% YoY on account of increased demand due to the wedding and festive seasons. Its outstanding debt falls 7.5% during the quarter, in line with the company's target to be debt-free by the end of FY26.

  • Piramal Pharma falls as Carlyle Group plans to sell a 10% stake worth over Rs 2,700 crore reportedly via a block deal.

  • Emcure Pharma falls as 45.5 lakh shares (2.4% stake) worth approximately Rs 574 crore reportedly change hands in a block deal at an average price of Rs 1,262 per share. Bain Capital-backed BC Investments IV is likely the seller in the transaction.

  • Reliance Industries is reportedly preparing to transfer all its consumer goods brands to a new wholly owned subsidiary as part of its strategy for a potential IPO of its retail business. Reliance Retail has approached the National Company Law Tribunal (NCLT) with an internal restructuring proposal to shift its entire FMCG business to Reliance Consumer Products (RCPL).

  • RBL Bank is rising as its deposits grow by 11% YoY to Rs 1.1 lakh crore, and advances increase 9% YoY to Rs 96,704 crore in Q1FY26. The bank's CASA deposits grow by 11% YoY during the quarter.

  • Yes Bank's Q1FY26 total deposits grow 4.1% YoY to Rs 2.8 lakh crore, and gross advances rise 13.9% YoY. Its CASA ratio jumps 190 bps to 32.7% during the quarter, indicating a reduction in the bank's cost of funds.

  • Angel One falls sharply as its average daily turnover (ADTO) drops 23.5% YoY to Rs 35 lakh crore in June. Its gross client acquisition drops 41.5% YoY to 5.5 lakh during the month. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Indian Energy Exchange rises as its electricity volume increases by 6.5% YoY to 10,852 million units (MU) in June. IEX Green Market achieves a volume growth of 30% YoY to 964 MU.

  • Nifty 50 was trading at 25,420.55 (15.3, 0.1%), BSE Sensex was trading at 83,306.81 (67.3, 0.1%) while the broader Nifty 500 was trading at 23,532.15 (10.3, 0.0%).

  • Market breadth is in the green. Of the 1,974 stocks traded today, 1,101 were on the uptick, and 811 were down.

Riding High:

Largecap and midcap gainers today include Bharat Petroleum Corporation Ltd. (346.20, 4.4%), Bosch Ltd. (35,930, 4.4%) and Mankind Pharma Ltd. (2,439.50, 3.3%).

Downers:

Largecap and midcap losers today include Trent Ltd. (5,456, -11.9%), Jindal Stainless Ltd. (679.90, -2.6%) and Schaeffler India Ltd. (3,930, -2.1%).

Volume Shockers

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

Top high volume gainers on BSE included Ventive Hospitality Ltd. (750.20, 9.3%), Chennai Petroleum Corporation Ltd. (771.15, 8.3%) and Mastek Ltd. (2,548.60, 5.2%).

Top high volume losers on BSE were Trent Ltd. (5,456, -11.9%), Nuvama Wealth Management Ltd. (7,261, -11.2%) and Sammaan Capital Ltd. (123.19, -9.2%).

Sapphire Foods India Ltd. (336.75, 5.1%) was trading at 221.9 times of weekly average. Emcure Pharmaceuticals Ltd. (1,252.30, -2.2%) and CreditAccess Grameen Ltd. (1,290.50, 4.0%) were trading with volumes 35.5 and 17.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

11 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Divi's Laboratories Ltd. (6,906.50, 0.4%), Fortis Healthcare Ltd. (807.05, 1.6%) and Glenmark Pharmaceuticals Ltd. (1,830.40, 2.6%).

12 stocks climbed above their 200 day SMA including Sapphire Foods India Ltd. (336.75, 5.1%) and Devyani International Ltd. (172.96, 3.5%). 10 stocks slipped below their 200 SMA including Trent Ltd. (5,456, -11.9%) and Aditya Birla Real Estate Ltd. (2,299, -2.8%).

 
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Trendlyne Marketwatch
03 Jul 2025
Market closes lower, PN Gadgil Jewellers to raise Rs 1,000 crore via QIP or other modes
By Trendlyne Analysis

Nifty 50 closed at 25,405.30 (-48.1, -0.2%), BSE Sensex closed at 83,239.47 (-170.2, -0.2%) while the broader Nifty 500 closed at 23,521.85 (-25.4, -0.1%). Market breadth is balanced. Of the 2,477 stocks traded today, 1,188 were in the positive territory and 1,239 were negative.

Indian indices closed lower after paring gains in the afternoon session. The Indian volatility index, Nifty VIX, fell 0.5% and closed at 12.4 points. Tata Power closed in the red as the arbitral tribunal, under the Singapore International Arbitration Centre (SIAC) rules, ordered the company to pay $490.3 million (~ Rs 4,192.9 crore) to Kleros Capital Partners.

Nifty Smallcap 100 closed higher, while Nifty Midcap 100 closed flat. Nifty Capital Markets and Nifty MidSmall Healthcare were among the best-performing indices of the day. According to Trendlyne’s sector dashboard, Diversified Consumer Services emerged as the best-performing sector of the day, with a rise of 1.4%.

European indices are trading mixed. Major Asian indices closed with varied trends. US index futures are also trading mixed, indicating a cautious start to the session as investors look ahead to the job data to be released later today. The US and Vietnam have announced a trade deal agreement.

  • Money flow index (MFI) indicates that stocks like Laurus Labs, Gland Pharma, Max Financial Services, and Multi Commodity Exchange are in the overbought zone.

  • PN Gadgil Jewellers' board of directors approves raising Rs 1,000 crore by issuing equity shares or other securities through a qualified institutional placement (QIP), preferential issue, private issue, or other modes.

  • Reliance Power and Reliance Infrastructure fall sharply as State Bank of India (SBI) flags Reliance Communications' loan account as fraud. This comes after a 2020 financial audit conducted by BDO, which claims an alleged diversion of Rs 12,692 crore in loans.

  • IndiGrid Infrastructure Trust partners with International Finance Corporation (IFC) to develop a 180 MW/360 MWh standalone battery energy storage system (BESS) project in Gujarat. IFC commits Rs 4.6 billion (around $55 million) in long-term funding.

  • Shapoorji Pallonji and Co, the construction arm of the Shapoorji Pallonji Group, is reportedly in talks with bankers to raise around $300 million (approximately Rs 2,500 crore) to refinance existing debt. The company is likely to raise the funds in Indian rupees, backed by shares of Afcons Infrastructure and select real estate assets.

  • Punjab National Bank's Q1FY26 domestic business reaches Rs 26.2 lakh crore, up 11.1% YoY. Domestic deposits grow 12.2% to Rs 15.4 lakh crore, while global deposits reach Rs 15.9 lakh crore, up 12.8% YoY.

  • Motilal Oswal retains its 'Buy' call on Ambuja Cements, with an upgraded target price of Rs 700 per share. This indicates a potential upside of 19.1%. The brokerage believes that the cement manufacturer's profitability will improve, driven by ongoing cost savings and a higher share of premium products. It expects the firm's net profit to grow at a CAGR of 36% over FY26-27.

  • MOIL is rising as its Q1FY26 production increases 6.8% YoY to 5 lakh tonnes. Production for June also grows 2% YoY to 1.7 lakh tonnes.

  • PNB Housing Finance plans to raise up to Rs 10,000 crore through non-convertible debentures (NCDs). The company's board has recommended the proposal, which will be put to shareholders for approval at the upcoming annual general meeting.

  • Tata Power is falling as the arbitral tribunal, under the Singapore International Arbitration Centre (SIAC) rules, orders the company to pay $490.3 million (~ Rs 4,192.9 crore) to Kleros Capital Partners.

  • Bajel Projects surges to its 5% upper limit as it secures an order worth Rs 300-400 crore from Power Grid Corp of India. The project involves building a 400kV transmission line between Siwani and Jind as part of the renewable energy infrastructure in the Bikaner region.

  • Arkade Developers to acquire Filmistan for Rs 183 crore, making it a wholly-owned subsidiary. Filmistan is engaged in the manufacturing, production, distribution, and exhibition of cinematographic films and pictures in India. The intent of the acquisition is to facilitate smoother expansion of operations in the real estate sector.

  • E-commerce platform Meesho files a Draft Red Herring Prospectus (DRHP) with SEBI through the confidential pre-filing route, aiming to raise Rs 4,250 crore (around $500 million) via an Initial Public Offering (IPO). Now fully domiciled in India following the merger of its Delaware-based entity with its Indian arm, Meesho plans to list on Indian stock exchanges by October 2025.

  • Hindustan Zinc's mined metal production grows 1% YoY to 265 kilo tonnes in Q1FY26. However, refined zinc and lead production declines 4% and 6% YoY during the quarter due to plant maintenance. Silver production falls 11% YoY on the back of lower silver input from the SK mine.

  • Indian Bank's Q1FY26 total business reaches Rs 13.4 lakh crore, up 10.2% YoY. Total deposits grow 9.3% to Rs 7.4 lakh crore, and gross advances rise 11.3% YoY during the quarter.

  • Coromandel International is rising as it receives approval from the Competition Commission of India (CCI) to acquire a 53.1% stake (or 10.7 crore shares) in NACL Industries.

  • Elara Securities believes global factors are creating room for an 8–10% upside in the Nifty 50. It notes that a softer US dollar and declining crude prices are likely to support Indian equities in the near term. Given the current market conditions, the brokerage remains bullish on large- and mid-cap stocks, while avoiding the small-cap segment.

  • Godrej Industries plans to invest Rs 750 crore in its chemicals business to expand fatty alcohol and erucic acid capacities by 35,000 tonnes per annum and 20,000 tonnes per annum, respectively.

  • Indogulf Cropsciences’ shares make a flat debut on the bourses at Rs 111. The Rs 200 crore IPO received bids for 26 times the total shares on offer.

  • Indian Overseas Bank’s shareholders approve raising up to Rs 4,000 crore in equity capital through various instruments, including Qualified Institutional Placements (QIPs) and rights issues.

  • India’s Services PMI rises to a 10-month high of 60.4 in June, up from 58.8 in May, remaining well above the 50-mark. Services firms benefited from strong domestic demand and a notable increase in new export orders, with overseas demand improving especially from Asia, the Middle East, and the US.

  • FSN E-Commerce (Nykaa) is falling sharply as its promoter, Harindarpal Singh Banga and family, reportedly plan to sell a 2.1% stake worth $140.3 million (~ Rs 1,201.9 crore) through a block deal.

  • Sheela Foam is falling as its Chief Executive Officer (CEO), Nilesh Sevabrata Mazumdar, tenders his resignation, effective July 1.

  • Alembic Pharmaceuticals' wholly-owned subsidiary acquires US-based Utility Therapeutics for approximately $12 million (Rs 102.8 crore). The deal gives Alembic access to one FDA-approved product and another under development for the US market.

  • Avenue Supermarts' (D-Mart) standalone revenue grows 16.2% YoY to Rs 15,932 crore in Q1FY26. The company adds 9 new stores during the quarter, bringing its total store count to 424.

  • Nifty 50 was trading at 25,521.05 (67.7, 0.3%), BSE Sensex was trading at 83,595.57 (185.9, 0.2%) while the broader Nifty 500 was trading at 23,592.20 (45.0, 0.2%).

  • Market breadth is horizontal. Of the 2,014 stocks traded today, 973 were in the positive territory and 978 were negative.

Riding High:

Largecap and midcap gainers today include Bosch Ltd. (34,400, 6.0%), Oil India Ltd. (452.95, 3.9%) and Ipca Laboratories Ltd. (1,415.70, 3.0%).

Downers:

Largecap and midcap losers today include FSN E-Commerce Ventures Ltd. (202.31, -4.4%), InterGlobe Aviation Ltd. (5,766, -3.2%) and Punjab National Bank (110.23, -3.2%).

Volume Shockers

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

Top high volume gainers on BSE included DCM Shriram Ltd. (1,425.50, 15.2%), Aster DM Healthcare Ltd. (650.05, 9.6%) and Motilal Oswal Financial Services Ltd. (929.10, 8.6%).

Top high volume losers on BSE were FSN E-Commerce Ventures Ltd. (202.31, -4.4%), Neuland Laboratories Ltd. (11,668, -2.6%) and Ratnamani Metals & Tubes Ltd. (2,864.60, -1.1%).

Honeywell Automation India Ltd. (41,200, 6.1%) was trading at 6.5 times of weekly average. Ventive Hospitality Ltd. (686.60, 0.0%) and Natco Pharma Ltd. (973.60, 5.6%) were trading with volumes 5.1 and 4.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

17 stocks overperformed with 52 week highs, while 1 stock tanked below their 52 week lows.

Stocks touching their year highs included - Apollo Hospitals Enterprise Ltd. (7,565, 1.7%), DCM Shriram Ltd. (1,425.50, 15.2%) and Deepak Fertilisers & Petrochemicals Corporation Ltd. (1,728.90, -0.7%).

Stock making new 52 weeks lows included - Ola Electric Mobility Ltd. (40.61, -1.1%).

17 stocks climbed above their 200 day SMA including Honeywell Automation India Ltd. (41,200, 6.1%) and Latent View Analytics Ltd. (446.70, 5.1%). 5 stocks slipped below their 200 SMA including ICICI Prudential Life Insurance Company Ltd. (639.90, -2.9%) and Sammaan Capital Ltd. (135.73, -0.2%).

 
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The Baseline
03 Jul 2025
Is India getting old before getting rich? | Screener: All star stocks with high five year returns
By Swapnil Karkare

In Zindagi Na Milegi Dobara (ZNMD), Hrithik Roshan's character dreams of retiring at 40, in arguably Bollywood’s first example of FIRE ambitions: Financially Independent, Retire Early.

But in Hollywood's The Intern, Robert De Niro plays a 70 year old widower who joins a startup as an intern — not for money, but purpose.

One kind of hero wants freedom after 40, and the other seeks meaning after 70.

ZNMD was released in 2011, when India’s fertility rate was 2.5. The Intern came out in the US in 2015, when its fertility rate was 1.8. Today, India’s fertility rate is at 1.9, below replacement and closer to the US. More of our movie viewers are older, with the median age in states like Maharashtra, Tamil Nadu and Karnataka between 30-35. Rather than focusing on the dreams of the young, there is talk about a Hindi remake of The Intern.

India has already begun ageing. As fertility rates decline, the share of older people in India's population is rising even as all other groups fall. The share of senior citizens (65+) has gone up from 5% in 2010 to 7% today and will hit 15% by 2050.

This puts pressure on the working population. They face a rising number of dependents, having to take care of their children as well as their parents. The share of this working population in India will peak in less than a decade, in 2034, at 69%.

In this week's Analyticks,

Is India greying early?: A fall in fertility rates is changing India's demographics
Screener: All Stars: High scorers across key metrics

Ageing like fine wine..or not?

Indian society is going through a quiet but significant change. Fewer children are being born, and people are living longer. You can already see the change on both ends of the age spectrum.

Our child population (ages 0-14) has been shrinking since 2010, and declined by 0.85% in 2o24 alone. The fertility rate, number of babies per woman, in India is now below the replacement rate of 2.1, which means that we are not replacing people who die.

As a result, over time the share of taxpayers in India's population will fall, while that of beneficiaries – older generations – will rise. This will put more pressure on government budgets and economic growth.

India has hit lower fertility faster than expected

India has reached below replacement levels at a relatively low per capita income compared to developed economies, but in line with some emerging Asian countries. Economists have some theories: educated women in conservative Asian societies are more reluctant to have children, and support systems for families in these societies are, unlike in Europe, quite limited.


The silver hair impact on GDP

When Indians hear that our population may fall in coming years, the usual response is "Good! The country is too crowded."

That is true, but the transition to a lower population is economically painful. Ageing economies, for instance, grow more slowly. Even if people delay retirement and work for a few more years, it doesn’t offset the drag on growth. European countries, where average ages are 45+, are expected to see an 8% decline in per capita incomes by 2050, even if current employment rates stay the same.

India has benefitted from its young population for decades. It has helped increase average incomes by 0.7 percentage points per year between 1997 and 2023, according to McKinsey. But this demographic dividend won’t last - by 2050, this advantage will shrink to just 0.2 percentage points per year, meaning India can no longer rely on population structure alone to drive growth.

The stock market hit from older people

Working people save some of their income, and after retirement, they use those savings. Younger people invest in equities, but as the population gets older, they prefer safer investments like bonds. They get rid of their loans and probably don’t need another post-retirement. Thus, overall debt levels go down.

The Reserve Bank of Australia found that these patterns hold for both developed and emerging economies. As the working population grows, equity markets and banks benefit. But once the 65+ group dominates, bond markets gain and savings drop.

Then there is the pensions impact. Today, only 12% of India’s population is covered by the formal pension system.  Older states like Himachal Pradesh, Punjab, and Kerala already spend over 20% of their revenues on pensions. These are the ageing states of India.

Are we getting old before getting rich?

Getting older fast is not great news for an emerging economy like India. Like people, economies growing old without enough financial security have a tough time. Unlike rich countries that have ample capital and already built infrastructure, developing countries face multiple challenges: job creation, defence needs, climate adaptation, and ageing. They all need resources.

In India, over 40% of senior citizens are poor, 78% have no pension cover, and only 18% have health insurance. At this pace, India could have 300 million elderly citizens without any pension support by 2050. McKinsey warns that India has a 33-year window to get rich before it gets old. 

Governments are adapting. Japan made long-term care a legal right in 2000. Singapore is building elderly-friendly housing with inbuilt medical and social facilities. China is aggressively developing senior-focused products and services, like chewable health foods, comfortable clothing, and targeted entertainment.

India’s silver economy is still nascent. Older folks contribute about 3% to GDP today, with the potential to add 1.5 percentage points if more seniors rejoin the workforce, according to Rohini Nilekani Philanthropies’ study. 

India is estimated to have the largest working-age population by 2100, followed by Nigeria, China and the US, despite a huge decline in the absolute number of workers. This means India has more time and headroom to prepare for its silver age. But a higher absolute number of working-age people alone won't guarantee growth unless they are productively employed, healthy, and skilled. The clock is ticking.

Screener: All Stars: High scorers across key metrics

All Stars: Top performing stocks with high scores across metrics

Despite the volatility of 2025, which has been marked with trade tensions and the drums of war, some Indian stocks continued to show financial strength and strong performance across metrics. This screener identifies such all-star  stocks that score high across metrics like the DVM scores, Piotroski score, buy-sell zone, checklist scores, and strengths, weaknesses, opportunities & threats (SWOT).

These all-star stocks come from the banking, telecom services, healthcare facilities, internet & catalogue retail, and heavy electrical equipment industries. Major stocks that show up in the screener are Schneider Electric Infrastructure, TVS Motor, Bharat Heavy Electricals, Apollo Hospitals Enterprise, State Bank of India, Adani Ports & Special Economic Zone, ICICI Bank, and Bharti Airtel. 

Schneider Electric Infrastructure’s stock has surged 940% over the past five years. This heavy electrical equipment manufacturer has a good Trendlyne durability score of 90, strong technicals and a high Piotroski score of 8. The firm turned profitable in FY22 with a net profit of Rs 27.6 crore. Since then, its net profit has increased to Rs 267.9 crore in FY25, up 55.7%. Its revenue grew 20.1% to Rs 2,661.3 crore in FY25, helping it achieve a five-year CAGR of 13.8%. The company’s focus on fast-growing segments, including developing data centres, electric vehicles (EVs), semiconductors, and services drove its revenue growth, while falling inflation, higher energy demand, and an improved product mix of products with higher margins helped improve profitability. 

Apollo Hospitals Enterprise also features in the screener after its stock jumped 639.8% over the past five years. This healthcare facilities provider has a good Trendlyne durability score of 80, helped by strong technicals and a healthy Piotroski score of 7. The company’s revenue grew for the past four consecutive years to Rs 19,165.5 crore in FY25, while net profit surged 60.9% YoY to Rs 1,445.9 crore. According to analysts at Geojit BNP Paribas, improvements in the healthcare services, diagnostics & retail health, and offline & online pharmacy segments helped revenue growth. Meanwhile, higher patient occupancy and improved pricing & product mix with higher margins have boosted profits. Its board also approved the demerger of its digital health, pharmacy distribution, and telehealth businesses into a new listed entity, NewCo, on June 30.

You can find some popular screeners here.

 
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Trendlyne Marketwatch
02 Jul 2025
Market closes lower, NBCC bags a Rs 355 crore order for Zoo project management services
By Trendlyne Analysis

Nifty 50 closed at 25,453.40 (-88.4, -0.4%) , BSE Sensex closed at 83,409.69 (-287.6, -0.3%) while the broader Nifty 500 closed at 23,547.25 (-68.2, -0.3%). Market breadth is in the red. Of the 2,482 stocks traded today, 975 were gainers and 1,447 were losers.

Indian indices closed in the red, dragged down by banking & finance, realty and fertilizer stocks. The Indian volatility index, Nifty VIX, declined 0.7% and closed at 12.4 points. Maruti Suzuki India's total wholesales declined 6.3% YoY to 1.7 lakh units in June. Passenger vehicle sales dropped 13.3% YoY, while exports rose 21.9% YoY.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the red, following the benchmark index. Nifty Alpha Quality Value Low-Volatility 30 and BSE Metal were among the top index gainers today. According to Trendlyne’s Sector dashboard, Consumer Durables emerged as the best-performing sector of the day, with a rise of 0.9%.

Asian indices closed mixed, while European indices are trading higher except Russia’s MOEX & RTSI indices. US index futures traded in the green indicating a positive start to the trading session. US President Donald Trump confirmed he wouldn’t extend the July 9 deadline for countries to finalize trade deals with the US, warning that those without agreements would receive formal notices of upcoming tariffs. He also expressed doubt over a deal with Japan, reiterating the possibility of imposing tariffs as high as 30-35% on Japanese imports.

  • CG Power and Industrial Solutions sees a short buildup in its July 31 futures series, with open interest increasing by 25% and a put-call ratio of 0.6.

  • Geojit BNP Paribas maintains its 'Accumulate' call on Torrent Power, with a target price of Rs 1,636 per share. This indicates a potential upside of 12%. The brokerage remains cautious about the company's debt levels but expects revenue growth, driven by orders in the thermal segment and distribution orders from privatisation in Uttar Pradesh. It expects the firm's revenue to grow at a CAGR of 8.3% over FY26-27.

  • Sigachi Industries plunges as an explosion at its Telangana plant kills 40 and injures over 33 employees. The company suspends operations at the Pashamylaram facility for 90 days to investigate and strengthen safety protocols.

  • NBCC (India) receives an order worth Rs 354.9 crore from Forest Development Corporation of Maharashtra (FDCM), Gorewada Zoo, for project management and supervision services. The work includes construction of the African Zoo, Safari Plaza, animal hospital, quarantine facility, and other related works.

  • ICICI Prudential Asset Management, India’s second-largest AMC by assets, is reportedly set to file draft papers with SEBI for an IPO, likely this week. The offer will be a pure OFS by UK-based Prudential Plc, aiming to raise up to Rs 10,000 crore by selling at least a 10% stake.

  • Hyundai Motor India is falling sharply as its monthly wholesales decline 6% YoY to 60,924 units in June due to a 12% YoY decline in domestic wholesales. However, exports grow 15% YoY to 16,900 during the month.

  • Dreamfolks Services falls sharply as it announces the closure of specific programmes for private lenders, such as Axis Bank and ICICI Bank, from July 1. The company states that the closures may have a material impact on its financials.

  • Keystone Realtors is rising as it secures the redevelopment project of residential societies in Andheri West, Mumbai. The project is expected to generate a gross development value (GDV) of Rs 3,000 crore.

  • Alok Gupta, MD of Allied Blenders & Distillers, anticipates that Maharashtra’s new excise duty on Indian Made Foreign Liquor (IMFL) will decrease volumes by 25-30%, with some segments potentially experiencing price hikes of up to 50%. He mentions that Maharashtra accounts for less than 10% of the

  • Ramkrishna Forgings plans to invest Rs 2,000 crore to set up a manufacturing plant for forged wheels in Chennai with an annual capacity of 2.3 lakh wheels.

  • Afcons Infrastructure secures a Rs 175 crore order from Reliance Industries for the civil & structural erection work at Jamnagar, Gujarat.

  • Cyient DLM's board appoints Rajendra Velagapudi as the new Chief Executive Officer (CEO), succeeding Anthony Montalbano, effective July 1.

  • Auto sales in June show a mixed trend, with passenger vehicle sales down 7% YoY, while two-wheeler sales increase by 5% YoY. Jefferies notes significant growth divergence among original equipment manufacturers in the passenger vehicle segment. Meanwhile, Morgan Stanley highlights a rise in two-wheeler retail sales, driven by stronger growth in rural areas compared to urban regions.

  • India Pestisides expands its formulations manufacturing facility by 3,500 metric tonnes (MT) to 10,000 MT to meet the increasing demand for its formulations.

  • Sambhv Steel Tubes’ shares debut on the bourses at a 34.1% premium to the issue price of Rs 82. The Rs 540 crore IPO received bids for 28.5 times the total shares on offer.

  • HDB Financial Services’ shares debut on the bourses at a 12.8% premium to the issue price of Rs 740. The Rs 12,500 crore IPO received bids for 16.7 times the total shares on offer.

  • The Indian government issues a tender for 10,900 electric buses across five major cities under the PM e-Drive scheme to promote cleaner urban transport. The tender covers procurement, operation, maintenance, and infrastructure development. Bids open on August 12 and are expected to attract major OEMs and fleet operators due to the long-term revenue potential under the Gross Cost Contract (GCC) model.

  • Motilal Oswal initiates coverage on Inox Wind with a ‘Buy’ rating and a target price of Rs 210. The brokerage highlights the company has a strong order book of 3.2 gigawatts (GW) and anticipates a ramp-up in wind turbine generator production from 705 megawatts (MW) in FY25 to 1.8 GW by FY28. It also expects an EBITDA CAGR of 38% over FY26–28.

  • Hero MotoCorp's monthly wholesales rise 10% YoY to 5.5 lakh units in June due to higher scooter sales and domestic business. Exports surge 140% YoY to 28,827 units during the month.

  • Adani Ports and Special Economic Zone handles 41.3 million metric tonnes (MMT) of cargo in June, led by a 15% YoY growth in the container segment. Its logistics rail volumes grew 14% YoY to 62,146 TEUs.

  • Goldman Sachs downgrades SBI Cards to a 'Neutral' rating with a target price of Rs 1,006. The brokerage believes the current stock price already reflects most of the company's positives. It anticipates growth to accelerate in H2FY26, driven by improving return on assets (ROAs) and loan growth. However, it expects earnings per share (EPS) growth to be gradual, citing slow loan conversion, limited leverage gains, and elevated credit costs.

  • JSW Energy secures a work order from Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) for developing three standalone battery energy storage system projects with a total capacity of 250 MW/500 MWh.

  • Lupin is rising as it receives US FDA approval for its abbreviated new drug application (ANDA) for Loteprednol Etabonate Ophthalmic Gel. The drug is a bioequivalent of Bausch & Lomb's Lotemax SM Ophthalmic Gel and is used for the treatment of postoperative inflammation and pain following ocular surgery. It has an estimated annual sales of $29 million, according to IQVIA.

  • Ceigall India rises sharply as its, subsidiary, Ceigall Northern Ayodhya Bypass, receives an order worth Rs 1,199.3 crore from National Highways Authority of India (NHAI). The contract involves constructing a 35.4 km, 4/6-lane bypass on both sides of NH-27 in Ayodhya, Uttar Pradesh.

  • Maruti Suzuki India's total wholesales decline 6.3% YoY to 1.7 lakh units in June. Passenger vehicle sales drop 13.3% YoY, while exports rise 21.9% YoY.

  • Nifty 50 was trading at 25,590.80 (49, 0.2%) , BSE Sensex was trading at 83,790.72 (93.4, 0.1%) while the broader Nifty 500 was trading at 23,646.50 (31.1, 0.1%)

  • Market breadth is in the green. Of the 2,018 stocks traded today, 1,135 showed gains, and 813 showed losses.

Riding High:

Largecap and midcap gainers today include Tata Communications Ltd. (1,807.50, 4.7%), Mankind Pharma Ltd. (2,384.70, 4.3%) and Tata Steel Ltd. (165.88, 3.6%).

Downers:

Largecap and midcap losers today include Hyundai Motor India Ltd. (2,123.70, -5.2%), Suzlon Energy Ltd. (64.79, -3.6%) and Lloyds Metals & Energy Ltd. (1,525.10, -3.5%).

Volume Rockets

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

Top high volume gainers on BSE included Sagility India Ltd. (43.72, 6.2%), Maharashtra Scooters Ltd. (15,314, 6.1%) and Rites Ltd. (295.10, 5.8%).

Top high volume losers on BSE were Phoenix Mills Ltd. (1,495, -3.3%), Mahindra & Mahindra Financial Services Ltd. (261.75, -2.0%) and ZF Commercial Vehicle Control Systems India Ltd. (13,179, -1.4%).

Sai Life Science Ltd. (789.10, 1.2%) was trading at 22.4 times of weekly average. Tata Communications Ltd. (1,807.50, 4.7%) and Latent View Analytics Ltd. (425, 3.6%) were trading with volumes 12.1 and 11.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

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

Stocks touching their year highs included - Bharti Airtel Ltd. (2,033.30, 0.7%), City Union Bank Ltd. (221.44, -3.9%) and Divi's Laboratories Ltd. (6,859.50, 0.0%).

Stock making new 52 weeks lows included - Ola Electric Mobility Ltd. (41.06, -2.3%).

11 stocks climbed above their 200 day SMA including Kajaria Ceramics Ltd. (1,130, 5.2%) and Tata Communications Ltd. (1,807.50, 4.7%). 13 stocks slipped below their 200 SMA including Sammaan Capital Ltd. (136, -3.1%) and CG Power and Industrial Solutions Ltd. (666.10, -2.5%).

 
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The Baseline
02 Jul 2025
By Omkar Chitnis

Global geopolitical tensions and economic slowdowns are reminding the corporate world of an important lesson: “Cash is king.”

The era of low interest rates post the 2008 crisis – when central banks worldwide reduced rates to record lows to stimulate growth – got businesses used to debt, and fuelled startups growing rapidly on borrowed money. But as interest rates climb back up, companies are seeing the benefits of having surplus cash on the balance sheet. 

There is, of course, a balance between too little cash and too much. Very high cash reserves suggest that investment opportunities are being missed or are not available. Excess undeployed cash is also vulnerable to inflation, which erodes its real value over time.

In FY25, the cash reserves of Nifty 500 companies grew 17% to Rs 17.5 lakh crore, supported by healthy operating margins alongside modest growth in capital expenditure.

Among sectors, the IT consulting & software industry led with cash reserves of Rs 1.17 lakh crore, followed closely by the automobile and auto ancillary sector at Rs 1.15 lakh crore. Metals and mining firms collectively held Rs 1.1 lakh crore, and engineering companies had over Rs 73,000 crore.

Bhavesh Shah, Head of Investment Banking at Equirus, says, “The Covid pandemic triggered a realisation among corporates to maintain higher liquidity for unforeseen challenges. Simultaneously, consumer behaviour, including post-pandemic revenge buying, boosted company performance and added to cash reserves.” 

In this edition of Chart of the Week, we analyse thestocks with the highest and lowest cash reserves and the reasons for the same.

Strong financial positions, steady profits and diversified businesses have enabled companies such as Reliance Industries in the oil and gas sector, Tata Motors in automobiles and auto components, Infosys in software and services, and Larsen & Toubro in the cement and construction sector to maintain high cash reserves.

On the other hand, when it comes to companies with low cash reserves, sectors such as food, beverages, and tobacco, pharmaceuticals and biotechnology, and chemicals and petrochemicals feature in the list. Some companies with low cash reserves include Balrampur Chini, Concord Biotech and Clean Science and Technology, mainly due to high spending on expansion and dividend payments.

Reliance Industries tops cash reserves to fuel expansion and green energy push

Reliance Industries holds the highest cash reserves among Indian companies. In FY25, it reported Rs 1.06 lakh crore in cash reserves, representing a 45.2% CAGR over the five years. 

Reliance generates strong cash flows from its retail and telecom businesses, which now contribute more than half of its consolidated EBITDA. Sanjay Mookim, an analyst at JPMorgan, says, “Back in FY17, a staggering 96% of Reliance’s EBITDA came from its core energy operations. Fast forward to FY25, consumer verticals have taken centre stage.”

For FY26, Reliance plans to invest Rs 75,000 crore through internal accruals and external borrowings for its new energy business, including the development of a 20 gigawatt (GW) solar photovoltaic (PV) manufacturing plant, expansion of retail stores, and a petrochemical expansion. 

Auto and IT strengthen their cash reserves to accelerate EV and AI investments

The growing adoption of electric vehicles (EVs) and rising demand for artificial intelligence (AI) are prompting automobile and software companies to strengthen their cash reserves to fund shifting market needs. 

Tata Motors holds the highest cash reserves in the automobile and auto components sector at Rs 40,834 crore, driven by a profit CAGR of 239% over the past two years. In FY25, Tata Motors repaid its Jaguar Land Rover (JLR) debt, earned higher earnings from increased sales of premium models, and benefited from better pricing. The company earns 70% of its revenue from the JLR business.

Despite its strong financial position, Tata Motors’ sales declined in recent months due to weak demand in both passenger and commercial vehicles, increased competition, macro headwinds, and the expiration of government subsidies such as the FAME scheme.

For FY26, Tata Motors plans to invest £3.8 billion (Rs 40,000 crore) in JLR’s electric vehicle manufacturing facilities in the United Kingdom (UK). In India, the company plans to invest Rs 33,000-35,000 crore by FY30, primarily through internal accruals, to launch new electric vehicle models and upgrade its passenger vehicle manufacturing facilities.

Ashok Leyland holds cash reserves of Rs 7,263.4 crore as of FY25. The company transitioned to a net cash surplus of Rs 4,242 crore from a net debt of Rs 89 crore in FY24, helped by improved margins resulting from lower raw material costs, a more favourable product mix, and higher sales.

K.M. Balaji, CFO, says, “In FY26, we plan to invest Rs 1,000 crore in product development for switch mobility (EV division) and expansion of Hinduja Leyland Finance, using internal accruals.”

Infosys leads the software and services sector with cash reserves of Rs 24,455 crore, supported by higher operating cash flow and better working capital management.

It consistently returned cash to shareholders through dividends and buybacks, raising its dividends at a 16% CAGR over five years to Rs 20,289 crore in FY25.

HCL Technologies holds Rs 21,289 crore in cash reserves in FY25, supported by strong operating cash flows of Rs 22,261 crore and lower acquisition spending of Rs 2,032 crore. New deals in AI and engineering research and development (R&D) services have boosted revenue growth, and high-margin businesses, such as the software segment, have helped the company grow its cash reserves.

C. Vijayakumar, CEO, says, “In FY26 and beyond, cash reserves will fund AI, generative AI, and acquisitions to strengthen market presence.” He also highlights the Rs 77,000 crore order pipeline for FY25 and steady cash reserves that support the company’s FY26 revenue growth target of 2% to 5%.

Cyclical sectors maintain high cash reserves to navigate market volatility

Cyclical sectors including cement and construction, utilities, and metals and mining, are vulnerable to market volatility, compelling companies to maintain substantial cash reserves as a cushion.

Engineering giant Larsen & Toubro (L&T), which operates in the cement and construction sector, had cash reserves of Rs 22,965 crore at the end of FY25, a 49.5% increase from the previous year. 

L&T’s net profit rose 15.1% to Rs 15,037 crore in FY25, on the back of a 15.3% increase in revenue, which reached Rs 2.5 lakh crore. The company reported a strong order book of Rs 5.7 lakh crore. 

R. Shankar Raman, CFO, says, “We expect order inflows and revenues to grow by 10% and 15%, respectively, in FY26. We aim for margins of 8.3% in the projects and manufacturing portfolio and plan to build three semiconductor fabrication facilities in India over the next five to ten years, with potential investments of over Rs 1 lakh crore.”

Grasim Industries, the flagship company of the Aditya Birla Group, held cash reserves of Rs 7,905 crore as of FY25, a 70% increase from the previous year. Strong revenue and dividend inflows from its core businesses—cement (UltraTech Cement), chemicals, and financial services (Aditya Birla Capital)—drove this growth.

In utilities, Tata Power leads with cash reserves of Rs 11,751 crore, supported by higher revenue from improved billing and collections from distribution companies, lower finance costs, and reduced capital expenditure in FY25.

CEO Praveer Sinha notes, “For FY26, we have planned an investment of Rs 25,000 crore, with 50% allocated to renewables, 20% to power generation, and 30% to transmission and distribution, funded through internal accruals and debt.”

In the metals and mining sector, Coal India holds cash reserves of Rs 34,215 crore in FY25, helped by higher coal production, strong demand, and increased e-auction premiums. 

Pharma, food, and beverage sectors face a cash crunch amid huge investments

Large investments have left stocks in the pharmaceutical and biotechnology sector, as well as in food, beverages, and tobacco, with the lowest cash reserves in FY25.

Concord Biotech holds the lowest cash reserves in the pharmaceutical and biotechnology sector, with Rs 1.2 crore as of FY25. Its stock has risen 17.08% over the past year. The company invested Rs 160 crore to upgrade its manufacturing facilities, bringing down its cash reserves from Rs 47 crore in the previous year.

Balrampur Chini holds the lowest cash reserves in thefood, beverages, and tobacco sector, at Rs 3.4 crore in FY25, following an investment of Rs 880.4 crore in the Polylactic Acid (PLA)project. It funded the project through internal accruals and debt, which reduced its reserves.

Godfrey Phillips' cash reserves declined to Rs 30.3 crore in FY25 due to higher spending on fixed assets and a 43.7% dividend payout.

BEML, a manufacturer of heavy-duty trucks and trailers, held Rs 5 crore in cash reserves in FY25, down from Rs 39.3 crore in FY23. This was due to increased spending on fixed assets and higher working capital needs. Despite lower cash flow, BEML paid Rs 85 crore in dividends in FY25, further decreasing its cash reserves.

 
logo
The Baseline
01 Jul 2025
Five stocks to buy from analysts this week - July 01, 2025
By Omkar Chitnis

1. Federal Bank:

Motilal Oswal maintains its ‘Buy’ rating on this bank with a target price of Rs 250, a 14.3% upside. Federal Bank is focusing on strengthening its deposit base by boosting growth in current account (CA) deposits. Overall deposit growth was moderate at 12% in FY25, led by a 15.6% increase in current and savings account (CASA) deposits. However, the CASA ratio remained modest at around 30.2%.

Analysts Nitin Aggarwal, Dixit Sankharva, and Disha Singhal expect deposit growth to pick up pace, projecting a CAGR of 15.1% over FY26–28. A push to grow CA deposits and a stronger non-resident (NR) customer base will be key here. They estimate that the CASA ratio will improve to 34–35% by FY28.

The bank's asset quality remains strong, with gross non-performing assets (GNPA) at 1.8% and net NPA at 0.4% in FY25, along with a healthy provision coverage ratio (PCR) of over 75%. While Federal Bank remains cautious on unsecured lending, it may gradually increase exposure as the environment improves. Analysts estimate the bank will achieve around 17% CAGR in loans over FY26–28.

The health of a bank has historically depended on management keeping a steady head during boom times, and limiting over-lending and unsecured lending. In this vein, Aggarwal, Sankharva, and Singhal note that the new CEO KVS Manian “is focusing on sustainable, returns-driven growth”. They expect return on assets and return on equity to improve by FY28, supported by better margins and a stronger asset mix. However, they add, “near-term net interest margins (NIMs) may face pressure from high funding costs.”

2. Metro Brands:

Emkay reiterates its ‘Buy’ rating on this footwear seller with a target price of Rs 1,400, a 23.2% upside. Metro is strategically filling product gaps in its portfolio and continues to be a preferred platform for international brands entering India. The company has been appointed as the exclusive retail and digital partner for Clarks in India and neighbouring countries—Bangladesh, Bhutan, Nepal, Maldives, and Sri Lanka.

Clarks is known for its comfort-focused premium footwear, with an average selling price of Rs 3,000–7,000. Metro will manage Clarks' e-commerce channels in India, including its website.

Kaushal Paresh, CFO, said during the Q4 results, “E-commerce is growing faster than our overall business. Going forward, the focus will shift to profitability while also exploring opportunities in quick commerce. We will continue to spend 3 to 4% of revenue on advertising to promote new launches and boost brand awareness.”

Metro has declined by 6.6% over the past six months. Analysts Devanshu Bansal and Mohit Dodeja highlight that the stock has delivered a 15% revenue CAGR over the last decade and has the potential to perform even better in the coming years.

3. Radico Khaitan:

Sharekhan initiates a ‘Buy’ rating on this beverage company with a target price of Rs 3,090, a 20.2% upside. In FY25, the company’s operating profit margin rose by 160 basis points to 13.9%, driven by higher sales of premium products and cost optimisation in its production and packaging verticals.

Since April 2022, the company has incurred a capex of Rs 950 crore (funded partly by debt of Rs 631 crore), for the expansion of its Rampur and Sitapur facilities. Management plans to reduce debt by 35–40% in FY26 and aims to become debt-free by FY27. Analysts believe this will improve earnings growth and expect the return on equity to rise to 18% by FY27 from the current 13%.

Over FY21–25, the company’s revenue and volume from the prestige & above (P&A) segment grew at a CAGR of 25% and 19%, respectively, thanks to strong performance in its core brands. Analysts expect a double-digit growth momentum in the P&A segment, with a CAGR volume growth of 52% by FY27 from new launches in premium and luxury brands and expansion in both domestic and international markets.

Management aims to improve profit margins by approximately 100 basis points each year, reaching a target of around 17–19% in three years. Analysts believe the UK-India free trade agreement (FTA) will reduce import duties and boost the company’s profitability on UK exports. They estimate revenue and net profit to grow by 18% and 41%, respectively, over FY26–27.

4. Escorts Kubota:

Geojit BNP Paribas initiates a ‘Buy’ rating on this commercial vehicle manufacturer with a target price of Rs 3,801, a 14.5% upside. In FY25, revenue rose 15.7% to Rs 10,705.1 crore, while net profit grew 20.5% to Rs 1,264.9 crore, driven by an increase in tractor sales, lower commodity costs and price realisation.

Analyst Saji John writes that Escorts Kubota is the third-largest agricultural tractor manufacturer in India with an 11.1% market share. He expects its volume growth to improve in FY26 due to strong agricultural output and the government’s infrastructure projects, which will support sales of construction equipment.

The company has planned a capital expenditure of Rs 350–400 crore for FY26 to expand its manufacturing facility and develop new products. Management plans to launch the new Powertrac paddy series of tractors in the 52–60 horsepower (HP) range for southern markets in Q3 FY26. Additionally, it aims to introduce mid-segment tractors in the 40–45 HP range in Q2 FY26 to fill product gaps.

The analyst projects mid-single-digit growth for the domestic tractor segment in FY26, driven by new product launches in both the construction equipment and tractor segments. They expect exports to grow by 20–25% in FY26 and estimate revenue and net profit will rise by 10.5% and 16%, respectively, over FY26–27.

5. GAIL (India):

ICICI Securities reiterates its ‘Buy’ rating on this utility company, with a target price of Rs 245, a 29.2% upside. In FY25, revenue rose 6.6%, while net profit grew 25.7% to Rs 12,499.8 crore, driven by higher gas and polymer production volumes.

The management aims to achieve a profit of Rs 4,000–4,500 crore from the gas business in FY26, down from Rs 4,833 crore in FY25. This is due to the shutdown of its Kanpur fertiliser plant and the delay in commissioning the Durgapur-Haldia and Dhamra-Haldia pipelines. However, the management plans to sell 105 million standard cubic meters per day (mmscmd) of gas in FY26, up from 101 mmscmd in FY25, through new domestic and international contracts.

The company plans to invest Rs 10,700 crore in FY26 to expand its petrochemical facility at Usar and the Dabhol Liquefied Natural Gas (LNG) terminal. Analysts Probal Sen and Hardik Solanki expect the company to boost its revenue by raising gas tariffs by 15–20% in the first half of FY26.

Analysts see strong business prospects for GAIL by FY27 and FY28, driven by a recovery in its petrochemicals segment and the commissioning of new LNG plants, which will boost demand for gas transportation and trading. They forecast net profit growth of 10% over FY26–28.

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

(You can find all analyst picks here)

 
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Trendlyne Marketwatch
01 Jul 2025
Market closes flat, TVS Motor's total wholesales grow 20% YoY to 4 lakh units in June
By Trendlyne Analysis

Nifty 50 closed at 25,541.80 (24.8, 0.1%), BSE Sensex closed at 83,697.29 (90.8, 0.1%) while the broader Nifty 500 closed at 23,615.45 (-1.8, 0.0%). Market breadth is balanced. Of the 2,465 stocks traded today, 1,179 were on the uptick, and 1,250 were down.

Indian indices closed flat after switching between losses and gains throughout the day. The Indian volatility index, Nifty VIX, fell 2% and closed at 12.5 points. India’s Manufacturing Purchasing Managers’ Index (PMI) rose to a 14-month high of 58.4 in June from 57.6 in May, driven by strong demand for finished goods.

Nifty Smallcap 100 and Nifty Midcap 100 closed flat. Nifty Media and Nifty FMCG Indices were among the top index losers today. According to Trendlyne’s sector dashboard, Fertilizers emerged as the worst-performing sector of the day, with a fall of 2.3%.

Asian indices closed mixed. European indices are trading lower, except for Portugal’s PSI and Spain’s IBEX 35, which are trading higher. US index futures are trading lower, indicating a negative start to the trading session. Investors await progress in the US-Canada trade talks and focus on the release of key labor market data later this week. Brent crude futures are trading lower after rising 0.8% on Monday.

  • Relative strength index (RSI) indicates that stocks like Max Financial Services, Hyundai Motor India, Multi Commodity Exchange, and Bayer Cropscience are in the overbought zone.

  • Indian Renewable Energy Development Agency’s loan sanctions rise 29% YoY to Rs 11,740 crore in Q1FY26, while disbursements grow 31%. Its outstanding loan book stands at Rs 79,960 crore as of June 30, up 27% YoY.

  • Axis Direct retains its 'Buy' call on HG Infra Engineering, with a lower target price of Rs 1,155 per share. This indicates a potential upside of 7.1%. The brokerage believes that the company's healthy order book, strong bidding pipeline, improvement in order inflow and diversification of segments will drive revenue growth. It expects the company's revenue to grow at a CAGR of 15% over FY26-27.

  • TVS Motor's total wholesales grow 20% YoY to 4 lakh units in June, driven by a 20% YoY increase in two-wheelers and a 54% YoY growth in international business.

  • India's finished steel imports decline by 27.6% in the first two months of FY26, as shipments from China and Japan drop. India imported 0.9 million metric tons of finished steel during April–May, with imports from China down 47.7% and from Japan down 65.6% YoY. In April, India imposed a 12% temporary tariff, known locally as a safeguard duty, on certain steel imports to curb a surge in cheap shipments, mainly from China.

  • Deep Industries rises as its board of directors approves the merger of its subsidiary, Kandla Energy & Chemicals, with itself.

  • Gabriel India surges to its 20% upper circuit as its board approves a strategic restructuring plan. The move involves absorbing Asia Investments' (AIPL) automotive business, including Anchemco India's operations in fluids and adhesives, and demerging AIPL’s holdings in key auto component joint ventures like Dana Anand, Henkel Anand, and Anand CY Myutec Automotive.

  • Coal India is falling as its monthly coal production drops 8.5% YoY to 57.8 million metric tonnes in June. Total sales decline 7.4% YoY to 60.4 million tonnes.

  • Nuvama retains a 'Buy' rating on Reliance Industries with a higher target price of Rs 1,801. The brokerage highlights the launch of RIL's first HJT (heterojunction solar panel) module manufacturing line with a capacity of 1 GW, which can be gradually scaled up to a fully integrated 10 GW facility by early CY26. It also notes that RIL has reportedly begun offering its HJT modules in the high-potential domestic market, as the rollout of its power generation business is still some time away.

  • Keystone Developers rises sharply as it receives a letter of acceptance (LoA) for the redevelopment of GTB Nagar, Sion, in partnership with the Maharashtra Housing and Area Development Authority (MHADA). The project has an estimated saleable area of 20.7 lakh square feet with a gross development value (GDV) of Rs 4,521 crore.

  • Nesco rises to its all-time high of Rs 1,218.2 per share as its board of directors approves a capex of Rs 3,500 crore for the development of Tower 2 in IT Park at Nesco Center, Mumbai.

  • Bajaj Auto's domestic wholesales decline by 13% YoY to 1.9 lakh units in June due to a decrease in two-wheeler sales by 16% YoY. However, the company's exports grow by 21% YoY to 1.7 lakh units during the month.

  • India’s Manufacturing PMI climbs to a 14-month high of 58.4 in June, up from 57.6 in May, remaining well above the 50-mark. The increase was driven by strong demand for finished goods, leading to growth in output, new orders, and employment.

  • Apollo Hospitals is rising as its board approves the demerger of its digital health, pharmacy distribution, and telehealth businesses into a new listed entity, NewCo. The plan includes the merger of Apollo HealthCo and Keimed with NewCo. The company expects NewCo to generate Rs 25,000 crore in revenue by FY27.

  • Ellenbarrie Industrial Gases’ shares debut on the bourses at a 21.5% premium to the issue price of Rs 400. The Rs 852.5 crore IPO received bids for 22.2 times the total shares on offer.

  • Kalpataru’s shares make a flat debut on the bourses at Rs 414. The Rs 1,590 crore IPO received bids for 2.3 times the total shares on offer.

  • Mahindra & Mahindra's total auto sales in June rise 14% YoY to 78,969 units. Passenger vehicle (PV) sales increase 18% YoY to 47,306 units, while exports stand at 2,634 units for the month.

  • Globe Civil Projects’ shares debut on the bourses at a 26.8% premium to the issue price of Rs 71. The Rs 119 crore IPO received bids for 86 times the total shares on offer.

  • NCC receives orders worth Rs 1,690.5 crore in June for its buildings division from state government agencies and a private company.

  • KSB secures an order from Larsen & Toubro to supply 15 sets of boiler feed pumps for NTPC’s power plant projects at the Gadarwara and Nabinagar facilities.

  • Ashish Chauhan, MD & CEO of NSE, says the company has submitted a No Objection Certificate (NOC) to SEBI for its Initial Public Offering (IPO). He expects the Red Herring Prospectus (RHP) process to take 3–4 months after the NOC, with the IPO likely within 8–9 months of its approval.

  • Shree Cements is rising as its subsidiary, Shree Cements East, emerges as the preferred bidder for the mining lease of Joga-IV Limestone Block (JO-IV) in Jaisalmer, Rajasthan. The block has an estimated 223.3 million tonnes of cement grade limestone.

  • Bharat Electronics rises to its all-time high of Rs 430.9 per share as it bags orders worth Rs 528 crore for radars, communication equipment, electronic voting machines (EVMs), and jammers, among others.

  • Kalpataru Projects International rises sharply as it secures new orders worth approximately Rs 989 crore in the power transmission and distribution segment from overseas markets.

  • CG Power & Industrial Solutions rises as its board of directors approves the qualified institutional placement (QIP) of shares worth Rs 3,000 crore at a floor price of Rs 679.1 per share.

  • Nifty 50 was trading at 25,538.15 (21.1, 0.1%), BSE Sensex was trading at 83,696.49 (90.0, 0.1%) while the broader Nifty 500 was trading at 23,643.75 (26.6, 0.1%).

  • Market breadth is highly positive. Of the 2,004 stocks traded today, 1,408 were in the positive territory and 544 were negative.

Riding High:

Largecap and midcap gainers today include IDFC First Bank Ltd. (77.24, 6.0%), Apollo Hospitals Enterprise Ltd. (7,496, 3.5%) and NTPC Green Energy Ltd. (107.56, 2.7%).

Downers:

Largecap and midcap losers today include Coromandel International Ltd. (2,325.60, -7.2%), Hitachi Energy India Ltd. (19,290, -3.6%) and NMDC Ltd. (67.95, -2.9%).

Volume Rockets

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

Top high volume gainers on BSE included Blue Dart Express Ltd. (6,846.50, 7.2%), Asahi India Glass Ltd. (806.30, 6.2%) and IDFC First Bank Ltd. (77.24, 6.0%).

Top high volume losers on BSE were JSW Holdings Ltd. (21,400, -5.0%), Kalpataru Projects International Ltd. (1,202.80, -2.0%) and Chalet Hotels Ltd. (904.40, -1.9%).

HBL Engineering Ltd. (620.40, 4.6%) was trading at 19.2 times of weekly average. TVS Holdings Ltd. (10,999, 0.4%) and Grindwell Norton Ltd. (1,721.70, -0.4%) were trading with volumes 10.0 and 9.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

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

Stocks touching their year highs included - Apollo Hospitals Enterprise Ltd. (7,496, 3.5%), Bharat Electronics Ltd. (432.25, 2.6%) and City Union Bank Ltd. (230.51, 5.4%).

Stock making new 52 weeks lows included - Ola Electric Mobility Ltd. (42.02, -2.6%).

11 stocks climbed above their 200 day SMA including Westlife Foodworld Ltd. (770, 3.3%) and Gujarat Narmada Valley Fertilizers & Chemicals Ltd. (568.90, 2.9%). 12 stocks slipped below their 200 SMA including Caplin Point Laboratories Ltd. (1,998.20, -5.6%) and Himadri Speciality Chemical Ltd. (502.90, -2.9%).

 
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Trendlyne Marketwatch
30 Jun 2025
Market closes lower, Torrent Pharma to acquire a 46.3% stake in JB Chemicals from KKR for Rs 11,917 cr
By Trendlyne Analysis

Nifty 50 closed at 25,517.05 (-120.8, -0.5%), BSE Sensex closed at 83,606.46 (-452.4, -0.5%) while the broader Nifty 500 closed at 23,617.20 (-3.0, 0.0%). Market breadth is in the green. Of the 2,496 stocks traded today, 1,423 were in the positive territory and 1,021 were negative.

Indian indices closed lower after extending losses in the afternoon session. The Indian volatility index, Nifty VIX, rose 3.2% and closed at 12.8 points. Torrent Pharma closed higher as it plans to acquire a 46.3% stake in JB Chemicals & Pharmaceuticals from KKR for Rs 11,917 crore at a valuation of Rs 25,689 crore.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green. Nifty PSU Bank and BSE Capital Goods were among the best-performing indices of the day. According to Trendlyne’s sector dashboard, Healthcare Equipment & Supplies emerged as the best-performing sector of the day, with a rise of 1.9%.

European indices are trading lower, except Russia’s RTSI and MOEX indices, which are trading 0.2% higher, each. Major Asian indices closed in the green, except China’s FTSE China 50 and Hong Kong’s Hang Seng indices, which closed 1% and 0.9% lower, respectively. US index futures are trading higher, indicating a positive start to the session after Canada withdrew its digital services tax aimed at American technology companies.

  • Money flow index (MFI) indicates that stocks like Kirloskar Brothers, Hyundai Motor India, Max Financial Services, and Narayana Hrudayalaya are in the overbought zone.

  • Sharekhan retains its 'Buy' call on Radico Khaitan, with a higher target price of Rs 3,090 per share. This indicates a potential upside of 18.9%. The brokerage expects the company's revenue to grow in the double-digits, driven by its focus on premiumisation, support of backward integration and distribution expansion. It expects the firm's revenue to grow at a CAGR of 18% over FY26-27.

  • Marksans Pharma’s subsidiary, Time-Cap Laboratories, receives a Form 483 with one observation from the US FDA after a good manufacturing practices (GMP) inspection at its New York manufacturing facility.

  • RattanIndia Enterprises is rising as its board of directors schedules a meeting on July 2 to consider raising funds by issuing equity shares or other securities.

  • Anish Shah, MD & CEO of Mahindra Group, aims for fivefold growth in core areas like EVs, farm equipment, real estate, and financial services, following a strong FY25. He points to solid execution across businesses, including a 33% profit rise at Mahindra Finance and improvements at Tech Mahindra. Shah emphasizes the group’s long-term focus on electric mobility, sustainability, and financial inclusion, backed by disciplined capital allocation.

  • NLC India is rising as it bags a letter of award (LoA) from NTPC to set up 450 MW inter-state transmission system (ISTS) Connected Wind-Solar Hybrid Power Project. As per the order NLC will establish a 300 MW project in Rajasthan and a 150 MW project in Gujarat. The companies have also entered a power purchase agreement (PPA) to supply power from the above projects to NTPC for the next 25 years.

  • VRL Logistics is rising as its board of directors schedules a meeting on July 4 to consider a proposal for issuing bonus shares.

  • Cochin Shipyard wins a Rs 100–250 crore order from Polestar Maritime to build two 70 T bollard pull tugs (powerful towing vessels). The tugs are scheduled for delivery in May and September 2027.

  • Sachin Agarwal, CMD of PTC Industries, projects FY26 revenue of around Rs 700 crore with margins in the high 20% range and a working capital cycle of about 100 days. He also highlights a recent MoU between the company's subsidiary, Aerolloy Technologies and Safran Aircraft Engines to manufacture components and materials for military aircraft. For FY29–30, he forecasts revenue of Rs 2,500–3,000 crore with margins exceeding 30%.

  • ITD Cementation India surges to a new all-time high of Rs 944 as it secures an international marine contract worth $67.4 million (~Rs 580 crore) for jetty construction at the Ruwais LNG project in Abu Dhabi.

  • CLSA initiates an ‘Outperform’ rating on Uno Minda with a target price of Rs 1,304 per share. The brokerage anticipates a recovery in the automotive sector, along with an improved product mix, which is expected to enhance EBITDA margins. It expects the company’s earnings to double by FY28, with an expected CAGR of 32% over FY26-28.

  • Prestige Estates Projects acquires a 3.4-acre land parcel in Chennai for a residential project. The project has a gross development value (GDV) of around Rs 1,600 crore.

  • Godrej Properties makes its entry into the Panipat, Haryana, real estate market with the acquisition of 43 acres of land for a plotted development project. The company estimates the project to have a revenue potential of over Rs 1,250 crore. Spanning over a million square feet, the development will feature residential plots in various sizes, complemented by a range of lifestyle amenities.

  • Karnataka Bank is falling sharply as its Managing Director (MD) and Chief Executive Officer (CEO), Srikrishnan Hari Hara Sarma, tenders his resignation, effective July 15.

  • Alembic Pharma receives final approval from the US FDA for its abbreviated new drug application (ANDA) for Doxorubicin Hydrochloride Liposome Injection, a medication used to treat breast and blood cancer. According to IQVIA, this drug had annual sales of $29 million as of March 2025.

  • Hind Rectifiers is rising as it secures two orders worth Rs 127 crore and Rs 101 crore each from Indian Railways to supply electrical components.

  • Oil prices decline as the geopolitical risk premium fades following the ceasefire between Iran and Israel. Adding further pressure, four OPEC+ delegates indicate that the group is set to boost production by 411,000 barrels per day in August, continuing similar output increases seen in May, June, and July.

  • Waaree Energies is rising as its wholly-owned subsidiary, Waaree Solar Americas, secures a 540 MW solar module supply order from a leading US utility-scale solar and energy storage project developer.

  • Jyoti CNC Automation falls as 1.3 crore shares (6% stake) worth approximately Rs 1,499 crore reportedly change hands in a block deal at an average price of Rs 1,087 per share.

  • Torrent Pharma to acquire a 46.3% stake in JB Chemicals & Pharmaceuticals from KKR for Rs 11,917 crore at a valuation of Rs 25,689 crore. Torrent Pharma also plans to purchase an additional 26% stake via an open offer to buy JB Pharma shares from shareholders at Rs 1,639.1 per share.

  • Citi maintains a 'Buy' rating on RBL Bank with a higher target price of Rs 285. The brokerage anticipates a 45–50 basis point improvement in the bank’s return on assets (RoA) in Q1FY26, primarily due to the long-awaited normalization of credit costs. It expects the stress in Joint Liability Group (JLG) and credit card to further subside in Q1, and the slippages are expected to moderate to 4.5%.

  • Granules India receives Form 483 with one observation from the US FDA after a pre-approval inspection (PAI) at its facility in Virginia, USA.

  • Bharat Heavy Electricals is rising as it receives a Letter of Award worth around Rs 6,500 crore from Adani Power for the supply of steam turbine generators and auxiliaries, along with supervision of erection and commissioning for six 800 MW thermal power units.

  • Rail Vikas Nigam is rising as it secures an order worth Rs 213.2 crore from South Central Railway to upgrade the overhead electrification system from single-phase 25kV to dual-phase 25kV system in the Duvvada–Rajahmundry and Samalkot–Kakinada Port sections under the Vijayawada Division.

  • Titagarh Rail Systems receives an order worth Rs 430.5 crore from Maharashtra Metro Rail Corporation (Maha Metro) to supply 12 additional trainsets for the Pune Metro Rail Project.

  • Nifty 50 was trading at 25,595.80 (-42, -0.2%), BSE Sensex was trading at 84,027.33 (-31.6, 0.0%) while the broader Nifty 500 was trading at 23,640.40 (20.3, 0.1%).

  • Market breadth is highly positive. Of the 2,059 stocks traded today, 1,565 showed gains, and 420 showed losses.

Riding High:

Largecap and midcap gainers today include Waaree Energies Ltd. (3,139.40, 6.5%), Ipca Laboratories Ltd. (1,389.80, 4.4%) and Punjab National Bank (110.50, 3.9%).

Downers:

Largecap and midcap losers today include SBI Cards and Payment Services Ltd. (953.10, -3.9%), Macrotech Developers Ltd. (1,384.20, -2.7%) and Tata Consumer Products Ltd. (1,098.90, -2.3%).

Volume Shockers

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

Top high volume gainers on BSE included Alembic Pharmaceuticals Ltd. (1,039.10, 7.3%), Deepak Fertilisers & Petrochemicals Corporation Ltd. (1,707.40, 7.1%) and Waaree Energies Ltd. (3,139.40, 6.5%).

Top high volume losers on BSE were J B Chemicals & Pharmaceuticals Ltd. (1,679.30, -6.8%), Jyoti CNC Automation Ltd. (1,059, -5.9%) and Balkrishna Industries Ltd. (2,445.30, -0.8%).

TBO Tek Ltd. (1,399.70, 0.6%) was trading at 13.3 times of weekly average. Aavas Financiers Ltd. (2,092.50, 5.4%) and SKF India Ltd. (4,815.80, 4.2%) were trading with volumes 7.8 and 7.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

24 stocks overperformed with 52 week highs,

Stocks touching their year highs included - City Union Bank Ltd. (218.71, 6.3%), Deepak Fertilisers & Petrochemicals Corporation Ltd. (1,707.40, 7.1%) and EID Parry (India) Ltd. (1,110, 5.1%).

22 stocks climbed above their 200 day SMA including Alembic Pharmaceuticals Ltd. (1,039.10, 7.3%) and The New India Assurance Company Ltd. (192.48, 4.8%). 7 stocks slipped below their 200 SMA including J B Chemicals & Pharmaceuticals Ltd. (1,679.30, -6.8%) and Mahindra & Mahindra Financial Services Ltd. (269.95, -1.0%).