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Trendlyne Marketwatch
Trendlyne Marketwatch
12 Jun 2025, 04:08PM
Market closes lower, SG Mart bags orders worth Rs 266 crore for solar structures
By Trendlyne Analysis

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Riding High:

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

Downers:

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

Crowd Puller Stocks

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

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

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

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

BSE 500: highs, lows and moving averages

12 stocks made 52 week highs,

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

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

 
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The Baseline
11 Jun 2025, 10:07PM
Valuations in some sectors are too hot | Screener: Rising stocks with PE below long term averages
By Swapnil Karkare

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

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

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

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

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

In this week's Analyticks,

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

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


Calm down everyone, large-cap valuations are ok

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

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

Searching for bubbles in India's equity market

In some Indian sectors however, valuations remain elevated.

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

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

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

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

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

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

Some hot chemical stocks are seeing volume and profit declines

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

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

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

Consumer Durables stocks see a mix of good and bad news 

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

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

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

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

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

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

Energy stocks see earnings take a hit

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

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

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

Hotels and restaurants: Indians are travelling but not eating out

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

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

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

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

Metals and textiles: Valuations are outpacing results

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

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

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

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

Cement sees a big disconnect 

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

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

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

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

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

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

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

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

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

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

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

You can find some popular screeners here.

 
Trendlyne Marketwatch
Trendlyne Marketwatch
11 Jun 2025, 04:02PM
Market closes higher, Minda Corp forms JV with Toyodenso to make advanced auto switches
By Trendlyne Analysis

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Riding High:

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

Downers:

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

Volume Shockers

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

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

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

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

BSE 500: highs, lows and moving averages

14 stocks made 52 week highs,

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

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

 
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The Baseline
10 Jun 2025
Five stocks to buy from analysts this week - June 10, 2025
By Divyansh Pokharna

1. PNC Infratech:

Axis Direct reiterates its ‘Buy’ rating on this roads & highways developer with a target price of Rs 340, a 7.9% upside. The company’s executable order book stands at Rs 17,792 crore, over 3.2 times its FY25 revenue, providing revenue visibility for the next 2 to 2.5 years. About 63% of the order book comes from highway and expressway projects, while the remaining 37% is from railways, water, and other segments.

Analysts Uttam Srimal and Shikha Doshi note that the company is diversifying beyond roads. It is actively bidding for railway and water projects, to build a more stable revenue base.

The company’s management expects an order inflow of Rs 15,000 crore in FY26. This is supported by a strong bid pipeline of Rs 40,000 crore in non-Ministry of Road Transport and Highways (MoRTH) projects and about Rs 60,000 crore from NHAI and MoRTH projects. 

In FY25, PNC Infratech’s revenue fell 28.4% to Rs 5,513 crore due to slow project execution and delays in awarding new contracts. Net profit declined 17.9% to Rs 706 crore but beat Forecaster estimates by 5.8%. For FY26, the management expects revenue to grow by 20%, but Srimal and Doshi are more optimistic, projecting a higher growth of 43.8%.

2. KPR Mill:

Sharekhan maintains a ‘Buy’ rating on this textiles company with a target price of Rs 1,287, a 14.6% upside. In Q4FY25, the company’s revenue grew 4% YoY, but profit after tax fell 4% due to a 94 bps drop in EBITDA margin and a higher tax rate. Margins were hit mainly by the sugar business, where profitability declined from higher sugarcane prices.

In FY25, its revenue rose 5.4% to Rs 6,388 crore, and net profit increased 1.2% to Rs 815 crore. However, both numbers were slightly below Forecaster estimates. Sales volumes increased by more than 6% across all segments in FY25, including garments, yarn & fabrics, and sugar.

Analysts are bullish about the company’s strong exposure to Europe, which contributed 58% of its revenue in FY25. They say, “ KPR will likely benefit from the recently concluded FTA between India and the UK. Removing tariffs will make its exports more competitive than those from Bangladesh and Vietnam.” 

Analysts also highlight that increasing opportunities in the US provide scope for consistent growth in the high-margin garment segment, which makes up around 40% of the company’s total revenue. They estimate revenue and net profit to grow by 13% and 26%, respectively, over FY26–27.

3. Shriram Finance:

Motilal Oswal maintains a ‘Buy’ rating on this NBFC with a target price of Rs 800, a 14.2% upside. The company reported strong growth in assets under management (AUM) in Q4FY25. However, margins were under pressure due to surplus liquidity on Shriram Finance’s balance sheet. This excess liquidity, around Rs 31,000 crore as of March 2025, was largely due to external commercial borrowings (ECBs) raised between December 2024 and March 2025.

Analysts Abhijit Tibrewal, Nitin Aggarwal and Raghav Khemani expect margins to improve as excess liquidity normalises and interest rates decline. The 100 bps repo rate cut in CY25 so far and the possibility of further cuts should make borrowing cheaper. Around 30% of the company’s borrowings are due for repayment in FY26 and are likely to be refinanced at lower rates, reducing its overall cost of debt. As a result, the analysts expect the company’s net interest margins (NIMs) to improve to 8.4% in FY26 and 8.6% in FY27, compared to around 8.2% in FY25.

Tibrewal, Aggarwal, and Khemani also mention that the company is yet to fully leverage its expanded distribution network. They expect it to show more results over the next 12–18 months, helping improve its performance further.

4. FSN E-Commerce Ventures (Nykaa):

Geojit BNP Paribas reiterates its ‘Buy’ rating on this internet retail company with a target price of Rs 229, a 14.9% upside. In Q4FY25, the company’s revenue rose 23.6% YoY to Rs 2,062 crore, driven by sales of premium products, international brands, and a higher retail footprint. Net profit grew 110% to Rs 19 crore, supported by lower expenses and higher other income.

Analyst Arun Kailasan notes that Nykaa delivered strong Q4 results with consistent sales growth across its beauty and fashion segments. He expects the company to see significant growth in its beauty segment in the near term from new international brands, the opening of more retail stores, and a broader product range.

FY25 revenue grew 24.5% and net profit rose 81.4%, driven by retail store expansion and higher B2B sales. However, Nykaa’s fashion segment faced muted demand and margin pressure. Analysts expect the fashion segment to improve in FY26 due to better inventory management and a shift toward premium products. They also mention that the focus on acquiring customers efficiently and improving operational scale will improve profits and growth.

5. Indian Bank:

Emkay reiterates its ‘Buy’ rating on this bank with a target price of Rs 675, a 7.3% upside. In FY25, the bank’s net NPA ratio improved by 20bps to 0.2%, supported by lower slippages and better recoveries. Analysts Anand Dama, Nikhil Vaishnav, and Kunaal N note that the bank’s NPA is the lowest among its peers, who include HDFC Bank and ICICI Bank. They expect lower asset quality risk as a result.

The company’s management expects moderate credit growth of 10-12% and deposit growth of 8-10% in FY26. They plan to increase exposure to mid-corporate and SME loans for higher yields and to attract more current account (CA) deposits. For FY26, analysts anticipate a further decline in NPAs and lower provisioning requirements, supported by expected loan recoveries between Rs 550-600 crore.

For FY25, the bank’s net profit rose 33.7% to Rs 11,261.4 crore, while revenue grew 12.1%, driven by higher interest income and lower provisions. Dama and the team expect the bank to deliver a return on assets (RoA) of 1.1-1.3% over FY26-28, supported by strong asset quality, lower credit costs, and expected loan recoveries.

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

(You can find all analyst picks here)

 
Trendlyne Marketwatch
Trendlyne Marketwatch
10 Jun 2025
Market closes flat, DoT advises state governments to use BSNL and MTNL services
By Trendlyne Analysis

Nifty 50 closed at 25,104.25 (1.1, 0%), BSE Sensex closed at 82,391.72 (-53.5, -0.1%) while the broader Nifty 500 closed at 23,339.95 (9.4, 0.0%). Market breadth is in the green. Of the 2,455 stocks traded today, 1,303 were on the uptick, and 1,112 were down.

Indian indices closed flat after switching between losses and gains throughout the day. The Indian volatility index, Nifty VIX, fell 4.6% and closed at 14 points. ITD Cementation surged 6.7% to its all-time high of Rs 830 after securing an Rs 893 crore order for berth and breakwater construction in Odisha.

Nifty Smallcap 100 and Nifty Midcap 100 closed flat, following the benchmark index. Nifty IT and Nifty India Defence Indices were among the top index gainers today. According to Trendlyne’s sector dashboard, Hardware Technology & Equipment emerged as the top-performing sector of the day, with a rise of 2.8%.

Asian indices closed mixed. European indices are trading mixed. US index futures are trading flat or higher as investors await details from the second day of US-China trade talks in London, hoping for eased tensions. Brent crude futures are trading higher after rising 0.8% on Monday.

  • Money flow index (MFI) indicates that stocks like AstraZeneca Pharma, Concord Biotech, Schneider Electric, and Cummins India are in the overbought zone.

  • TIL rises sharply as it forms a strategic business unit (SBU), TIL Defence, to consolidate its defence portfolio and accelerate indigenous production of military systems.

  • MTNL is rising as the Department of Telecommunications advises state governments to use state-run BSNL and MTNL services, citing data security as a key reason for the preference.

  • Morgan Stanley maintains its 'Overweight' call on UltraTech Cement with a target price of Rs 14,000 per share. The brokerage expects the company to gain market share in capacity and volume, driven by its pan-India presence and increasing number of retail outlets. It expects volumes to grow at a CAGR of 10% by FY28.

  • Kent RO Systems, Karamtara Engineering, Vidya Wires, and Mangal Electrical Wires receive SEBI approval to launch their initial public offerings (IPOs). These firms, which submitted their draft papers in January, are collectively looking to raise around Rs 2,500 crore through their public issues.

  • Schloss Bangalore is falling as its subsidiary, Tulsi Palace Resort, gets a show cause notice from the Central Goods and Service Tax (CGST) Audit Commissionerate, Jaipur.

  • Zydus Lifesciences receives an establishment inspection report (EIR) with a voluntary action indicated (VAI) status from the US FDA for its API plant in Dabhasa, Vadodara.

  • Avenue Supermarts falls as 16 lakh shares (0.2% stake), worth Rs 634 crore, reportedly change hands in a block deal at an average price of Rs 4,000 per share.

  • D Arul Selvan, President and CFO of Cholamandalam Investment & Finance, projects an AUM growth of 20–25% for FY26. He expects margins to improve by 10–15 bps following RBI’s recent rate cut, while credit costs will likely ease to around 1.3–1.35%. He adds that the company remains cautious after the rate cut and does not plan to scale up operations immediately.

  • Confidence Petroleum India is rising as it commissions five new compressed natural gas (CNG) stations in Bangalore. This move helps the company to set up 50 stations in the city, with a target of reaching 100 stations.

  • United Spirits is rising as parent company Diageo reportedly plans to sell its stake in IPL team Royal Challengers Bengaluru, seeking a valuation of up to $2 billion for the franchise.

  • Mahindra & Mahindra increases its stake in M&M Financial Services (MMFSL) by investing around Rs 1,652 crore through a rights issue. It receives 8.5 crore shares at Rs 194 each, raising its holding from 52.2% to 52.5%.

  • According to data released by the Association of Mutual Funds in India (AMFI), mutual funds' net inflows decline to Rs 29,108 crore in May, compared to Rs 2,76,827 crore in April. Meanwhile, monthly equity inflows decrease MoM to Rs 19,013 crore in May from Rs 24,269 crore.

  • Grasim Industries rises sharply as Morgan Stanley upgrades it to an 'Overweight' rating from 'Equalweight', with a higher target price of Rs 3,500 per share. This indicates a potential upside of 29%. The brokerage is positive on the stock, led by a better-than-expected performance in the newly launched paints business.

  • Jana Small Finance Bank is rising as it submits an application to the Reserve Bank of India, seeking approval to voluntarily transition into a Universal Bank.

  • Morgan Stanley cuts the target price on Asian Paints to Rs 1,909. The brokerage notes that India’s paint industry is moving from steady double-digit growth to intense competition. It highlights that Asian Paints lost 424 bps of market share in FY25 and expects the company to lose another 209 bps over FY26-28 in the overall decorative paints segment.

  • Defence stocks are rising following reports that the Indian Army plans to acquire indigenous Quick Reaction Surface-to-Air Missile (QRSAM) systems worth Rs 30,000 crore. The Defence Ministry is expected to approve the purchase of three QRSAM regiments developed by DRDO for deployment along the borders.

  • Nibe surges in trade as it signs a licensing agreement with the Defence Research and Development Organisation (DRDO) to manufacture and sell modular bridging systems ranging from 14m to 46m.

  • Capri Global Capital's board of directors approves raising funds worth up to Rs 2,000 crore through a qualified institutional placement (QIP) of equity shares at a floor price of Rs 153.9.

  • Protean eGov Technologies is rising as it receives an order worth Rs 100 crore from Bima Sugam India Federation (BSIF) to build and manage the Bima Sugam digital insurance platform. The work includes design, development, support, and integration.

  • Crude oil prices increase by 7% over the past week, supported by renewed optimism around US-China trade talks and strong summer travel demand in the US and Canada. A Reuters survey suggests that the OPEC oil output increased in May, though the rise remained modest as Iraq produced below the target to offset earlier overproduction, while Saudi Arabia and the United Arab Emirates made smaller increases than permitted.

  • Premier Energies is rising as 2.5 crore shares (5.5% stake) worth approximately Rs 2,629 crore reportedly change hands in a block deal at an average price of Rs 1,052 per share. South Asia Growth Fund II is likely the seller in the transaction.

  • Jindal Saw rises sharply as it plans to set up a 3 lakh tonnes per annum (TPA) seamless pipe manufacturing facility in the UAE over the next three years, with an investment of $105 million (~ Rs 898.5 crore).

  • AstraZeneca Pharma India is falling as its Managing Director (MD), Sanjeev Kumar Panchal, tenders his resignation, effective June 30. The board appoints Praveen Rao Akkinepally as the new MD.

  • ITD Cementation surges to its all-time high of Rs 830 as it bags an order worth Rs 893 crore to construct berth & breakwater for the development of greenfield captive jetties in Odisha.

  • Nifty 50 was trading at 25,127.10 (23.9, 0.1%), BSE Sensex was trading at 82,643.73 (198.5, 0.2%) while the broader Nifty 500 was trading at 23,372.55 (42, 0.2%).

  • Market breadth is highly positive. Of the 2,015 stocks traded today, 1,551 were on the uptrend, and 414 went down.

Riding High:

Largecap and midcap gainers today include Adani Power Ltd. (596.05, 5.9%), AWL Agri Business Ltd. (278.05, 3.8%) and Grasim Industries Ltd. (2,708, 3.8%).

Downers:

Largecap and midcap losers today include Indian Bank (628.75, -3.5%), Coromandel International Ltd. (2,330.50, -3.4%) and Macrotech Developers Ltd. (1,467.40, -2.9%).

Movers and Shakers

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

Top high volume gainers on BSE included Prism Johnson Ltd. (151.07, 8.5%), Jindal Saw Ltd. (247.99, 7.0%) and Alok Industries Ltd. (20.86, 6.8%).

Top high volume losers on BSE were Avenue Supermarts Ltd. (4,080, -2.4%) and Vinati Organics Ltd. (1,867.20, -0.9%).

Adani Power Ltd. (596.05, 5.9%) was trading at 9.5 times of weekly average. Sun TV Network Ltd. (627.05, 0.2%) and Affle 3I Ltd. (1939, 3.8%) were trading with volumes 8.0 and 6.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

22 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Bank of India (126.28, -2.3%), Bharat Electronics Ltd. (397.40, 1.3%) and City Union Bank Ltd. (206.27, 0.8%).

33 stocks climbed above their 200 day SMA including Alok Industries Ltd. (20.86, 6.8%) and Adani Power Ltd. (596.05, 5.9%). 10 stocks slipped below their 200 SMA including Avenue Supermarts Ltd. (4,080, -2.4%) and Sapphire Foods India Ltd. (319.10, -2.3%).

 
Trendlyne Marketwatch
Trendlyne Marketwatch
09 Jun 2025
Market closes higher, Bank of Baroda cuts lending rate by 50 bps to 8.15%
By Trendlyne Analysis

Nifty 50 closed at 25,103.20 (100.2, 0.4%), BSE Sensex closed at 82,445.21 (256.2, 0.3%) while the broader Nifty 500 closed at 23,330.55 (165.5, 0.7%). Market breadth is surging up. Of the 2,483 stocks traded today, 1,673 were gainers and 772 were losers.

Indian indices closed higher after gains in the morning session. The Indian volatility index, Nifty VIX, rose 0.5% and closed at 14.7 points. Kalpataru Projects International closed in the green after bagging new orders worth ~Rs 3,789 crore in the buildings and factories (B&F) and transmission & distribution (T&D) segments in India and overseas..

Nifty Smallcap 100 and Nifty Midcap 100 closed higher, tracking the benchmark index. S&P BSE Utilities and S&P BSE IPO were among the best-performing indices of the day. According to Trendlyne’s sector dashboard, Hardware Technology Equipment emerged as the best-performing sector of the day, with a rise of 3%.

European indices are trading in the red, except Spain’s IBEX 35 and Switzerland’s SMI indices, which are trading 0.3% and 0.4% higher, respectively. Major Asian indices closed in the green, except Australia’s S&P ASX 200 and Thailand’s SET indices, which closed 0.3% lower and flat, respectively. US index futures are trading flat, indicating a cautious start to the session ahead of fresh trade talks between the US and China, and release of the inflation numbers later in the week.

  • Piramal Pharma sees a long buildup in its June 26 futures series, with open interest increasing by 47% and a put-call ratio of 0.2.

  • Olectra Greentech’s Chairman and Managing Director (MD), K V Pradeep, tenders his resignation, due to personal reasons.

  • Bank of Baroda rises after it cuts Baroda Repo Linked Lending Rate (BRLLR) by 50 bps to 8.15%, effective June 7, after a reduction in the benchmark repo rate.

  • Life Insurance Corp of India rises as the Ministry of Finance appoints MD Sat Pal Bhanoo as the new Chief Executive Officer (CEO) and Managing Director (MD), succeeding Siddhartha Mohanty, for three months, effective June 8.

  • Puneet Gupta, Director for India & ASEAN Auto Market at S&P Global Mobility, highlights that India’s auto industry faces a new wave of disruption, as growth projections for 2025 come under pressure from China’s export curbs on rare earth magnets. He warns that potential production halts due to these restrictions could lead the industry into negative growth.

  • Eternal and Swiggy fall up to 4% after Rapido reportedly plans to launch a food delivery pilot in Bengaluru by month-end. Reports suggest Rapido is onboarding restaurants and plans to offer a flat Rs 25 delivery fee on orders below Rs 400, with an 8–15% commission for delivery partners.

  • Bajaj Finance rises to its all-time high of Rs 9,788 as its board of directors sets June 16 as the record date for its 4:1 bonus issue and 1:2 stock split.

  • Kernex Microsystems is rising as it receives a Rs 182.8 crore order from Western Railways to deploy Kavach system.

  • Wipro rises as reports suggest, 20.2 crore shares (2% equity), amounting to Rs 5,057 crore, change hands in a block deal.

  • UPL’s Brazil unit, Advanta Comercio, sells all assets of its associate company, Serra Bonita Sementes, for $125 million.

  • JSW Steel is rising as its consolidated steel production grows 8% YoY to 22.7 lakh tonnes in May. Capacity utilisation at its Indian operations stands at 80% in the month.

  • Tata Motors is rising as it projects a 40% market share in the commercial vehicle segment, implying a gain of 650 bps from its current level. The company also expects a double-digit EBITDA margin in its passenger EV business by FY27, up from the current 8.1%.

  • Cement stocks such as Dalmia Bharat and Nuvoco are declining amid concerns over the potential impact of the West Bengal government's decision to withdraw several incentives. Dalmia Bharat states that incentives worth Rs 236 crore granted to its wholly-owned subsidiary, Dalmia Cement (Bharat), may be affected. The company is currently reviewing the situation and exploring legal options.

  • HDFC Bank cuts its marginal cost of lending rate (MCLR) by 10 bps across all tenures, effective June 7. The revised MCLR, applicable to loans like home loans, now ranges from 8.9% to 9.1%.

  • Larsen & Toubro's heavy civil infrastructure (HCI) unit receives a significant order worth Rs 1,000–2,500 crore from JSW Energy. The order involves civil-related work for the 1500 MW Bhavali pumped storage project (PSP) in Maharashtra.

  • Lupin receives tentative approval from the US FDA for its abbreviated new drug application (ANDA) for Oxcarbazepine ER tablets. The tablet is used to treat seizures and has annual sales of $206 million as of April 2025, according to IQVIA.

  • Kotak Institutional Equities warns of a significant disconnect between the fundamentals and valuations of railway stocks like IRCON and RVNL. The brokerage notes these PSU stocks trade at high P/E multiples and several times their book value, which is difficult to justify given their financials and limited growth prospects. Kotak also sees no major pickup in railway capex to support such steep valuations.

  • RailTel Corporation is rising as it receives an order worth Rs 243.1 crore from the Bihar Education Department to supply student kits for students in classes 1-12 in government schools.

  • MCX rises sharply as the Securities and Exchange Board of India (SEBI) approves the introduction of electricity derivatives. The electricity derivatives contracts will enable power generation, distribution, and consumer companies to hedge against price volatility and manage price risks.

  • Suzlon Energy is rising as 19.8 crore shares (1.4% stake) worth approximately Rs 1,309 crore reportedly change hands in a block deal at an average price of Rs 64.7 per share. Promoters Tanti Family & Trust are likely the sellers in the transaction.

  • Arun Misra, CEO and Whole-time Director of Hindustan Zinc, emphasizes that silver demand is exceeding supply and expects this shortfall to continue through 2030. He projects that silver prices could rise to $41–42 per ounce by early 2027. Additionally, he mentions that the company may revise its silver volume guidance by July 2025.

  • Bikaji Foods International is rising as it receives approval from the National Company Law Tribunal (NCLT) to merge Vindhyawasini Sales with itself.

  • Kalpataru Projects International rises as it bags a new order worth ~Rs 3,789 crore. This includes its biggest order in the buildings and factories (B&F) segment in India to build over 12 million square feet of residential space with related facilities. The company also wins power transmission and distribution (T&D) orders in overseas markets.

  • PNC Infratech is rising as it receives an order worth Rs 239.9 crore from PWD-Rajasthan to construct a flyover from Heeradas Chouraha to Kumher Gate Chouraha in Bharatpur city.

  • Afcons Infrastructure secures an order worth Rs 700 crore from Reliance Industries (RIL) to execute construction work for Vinyl Projects in Dahej, Gujarat.

  • Nifty 50 was trading at 25126.20 (123.2, 0.5%), BSE Sensex was trading at 82,574.55 (385.6, 0.5%) while the broader Nifty 500 was trading at 23,301.45 (136.4, 0.6%).

  • Market breadth is surging up. Of the 2,056 stocks traded today, 1,697 were on the uptrend, and 314 went down.

Riding High:

Largecap and midcap gainers today include Coromandel International Ltd. (2,411.20, 4.9%), Indian Renewable Energy Development Agency Ltd. (183.24, 4.8%) and Hindustan Zinc Ltd. (525, 4.5%).

Downers:

Largecap and midcap losers today include APL Apollo Tubes Ltd. (1,883, -2.0%), Eternal Ltd. (256.84, -1.9%) and Berger Paints (India) Ltd. (571.50, -1.7%).

Volume Shockers

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

Top high volume gainers on BSE included Capri Global Capital Ltd. (181.34, 19.3%), Westlife Foodworld Ltd. (738, 10.6%) and Five-Star Business Finance Ltd. (800.80, 9.6%).

Top high volume losers on BSE were Century Plyboards (India) Ltd. (773.85, -2.0%) and Chemplast Sanmar Ltd. (425.05, -0.2%).

G R Infraprojects Ltd. (1,394.50, 8.8%) was trading at 17.5 times of weekly average. JBM Auto Ltd. (735.30, 3.9%) and Happiest Minds Technologies Ltd. (615.85, 4.6%) were trading with volumes 12.3 and 12.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

23 stocks took off, crossing 52 week highs,

Stocks touching their year highs included - Bajaj Finance Ltd. (9,607.50, 2.5%), Bank of India (129.31, 4.0%) and City Union Bank Ltd. (204.67, 1.7%).

39 stocks climbed above their 200 day SMA including Five-Star Business Finance Ltd. (800.80, 9.6%) and G R Infraprojects Ltd. (1,394.50, 8.8%). 4 stocks slipped below their 200 SMA including BLS International Services Ltd. (384.45, -3.6%) and Century Plyboards (India) Ltd. (773.85, -2.0%).

 
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The Baseline
06 Jun 2025
Five Interesting Stocks Today - June 06, 2025
By Trendlyne Analysis

1. Cummins India:

This engine manufacturer surged 6.8% over the past week after announcing its Q4 and FY25 results. Revenue growth was 7.4% in FY25, slightly belowForecaster estimates due to weaker-than-expected performance in the power generation (powergen) segment. Net profit declined marginally on a high base from FY24, but still came ahead of estimates. The company appears in a screener of stocks that have delivered consistently high returns over the past five years.

Cummins India gets 38% of its revenue from the powergen segment, 26% from the distribution segment, and around 16% from the industrial segment. The rest comes from exports and other segments. Powergens saw 14% growth in FY25, but declined 8% YoY in Q4 due to decline in volumes. Analysts expect recovery this year as competitive intensity is stabilising, and demand is also rebounding in the residential, commercial, and infrastructure sectors.

Revenue from industrials outperformed other segments with annual growth of 29%, thanks to resilient construction activity and momentum in rail orders. Exports grew 6% in FY25, with 39% YoY growth in Q4. Latin America and Europe were the strongest-performing export markets. 

Going forward, MD Shveta Arya says, “We anticipate double-digit revenue growth in FY26, while remaining cautiously optimistic, given the uncertainty from changes in global tax and trade policies, along with the geopolitical issues.” She highlights demand from emerging segments like quick commerce and data centres, adding to revenue growth.

Prabhudas Lilladher maintains a ‘Buy’ rating on Cummins India, citing robust domestic demand in the powergen segment, particularly for CPCB IV+ (new emission standard) products, which are seeing strong market traction. The brokerage expects the company to maintain its margin profile and sees significant growth potential in the distribution business. Key risks include higher commodity prices, increased competitive intensity and lower-than-expected demand from core segments.

2. United Spirits:

This breweries & distilleries company rose 5.1% over the past week and is trading near its 52-week high of Rs 1,700. The firm reported a 7.4% growth in revenue with net profit growth of 12.4% in FY25. It marginally missed Forecaster operating revenue estimate by 1.5% due to decline in sports drinks segment revenue. The company appears in a screener of stocks with strong momentum.

During the year, the company witnessed policy gains in several states. Uttar Pradesh (UP) introduced a key reform in its 2025-26 excise policy. Praveen Someshwar, MD & CEO of USL, discussed the regulatory changes, “Liquor shops in UP that earlier sold only beer or spirits will now operate as composite outlets, doubling spirits retail points from 6,500 to around 12,500. This year, we resumed business in Andhra Pradesh after five years, supported by progressive policy changes, with our trademarks quickly regaining near-national market share.”

In the recent India-UK free trade agreement, the duty on scotch has been halved from 150% to 75%. The company is set to benefit from this and the management believes that this step will lead to a high single-digit reduction in consumer prices. Mr. Someshwar, added, “As the clear leader in scotch and Indian Made Foreign Liquor (IMFL) in India, with a portfolio spanning the full consumer spectrum from Rs 120 to Rs 25,000 per bottle, we see a significant opportunity to drive the next phase of growth.”

JP Morgan has raised its rating on United Spirits to 'Overweight' and raised its target price to Rs 1,760. This upgrade is primarily due to several favorable regulatory changes including the reopening of the market in Andhra Pradesh, expanded retail presence in Uttar Pradesh, an improved excise policy in Madhya Pradesh, and the privatization of retail alcohol sales in Jharkhand. The brokerage also noted the significant growth prospects within United Spirits' 'Prestige and above' (luxury) segment, leading to an increase in its FY26 and FY27 EBITDA estimates by 3% and 7%, respectively.

3. Bata India:

This footwear maker has fallen by 3.2% over the past week after announcing its Q4 and FY25 results on May 29. Bata’s net profit declined 27.9% YoY to Rs 45.9 crore in Q4FY25 due to lower sales and higher employee benefit and depreciation & amortisation expenses. The company appears in a screener of stocks underperforming their industry price change in the quarter.

While revenue decreased 1.2% YoY to Rs 788.2 crore on account of a weak demand environment, Bata’s overall quarterly volumes were up 8% driven by the e-commerce and franchise channels, store expansion, improved inventory management and merchandising. 

The company has been focusing on value-driven offerings to boost volumes amid subdued demand. The management noted volume-led growth in the sub Rs 1,000 product range and the Floatz portfolio. The Floatz category surpassed Rs 100 crore in revenue in FY25. Gunjan Shah, the MD and CEO, said, “This year, my sense is if this momentum continues, we should be in the range of about Rs 200 crore.” The more premium Hush Puppies and Power brands also witnessed strong growth.

For FY25, Bata’s revenue fell marginally by 1.2% to Rs 665.3 crore. EBITDA margins stood at 21.1%. The company continued its retail expansion, bringing the total number of company-owned company-operated (COCO) and franchise stores to 1,962, with a focus on scaling the franchise model. Currently, Bata maintains an 80:20 split between franchise and COCO models. Its franchise network grew to 624 stores.

Over the past year, Bata’s share price has declined by 14.4%. Bata may be a household name when it comes to footwear, but it’s being squeezed by strong competition from both the premium and affordable players in the market – global brands like Nike, Adidas, and Puma, as well as local, affordable brands like Relaxo and Campus Activewear. To stay competitive, Bata has been focusing on a brand refresh and launching new product lines, including sneakers. Analysts believe that Bata’s focus on premiumisation, casualisation, and a simplified product portfolio, combined with franchise-led expansion in Tier 3 and 5 towns, should deliver positive results over time. But intense competition will persist.

Motilal Oswal has maintained its ‘Neutral’ rating with a lower target price of Rs 1,200. The brokerage believes that Bata is seeing early traction in the value segment. It adds that a strategic inventory cleanup, curated product refreshes, and franchise-led expansion will help the company improve efficiency and drive margin recovery, despite near-term pressures.

4. Genus Power Infrastructures:

Thiselectrical equipment company has risen 2.2% in the past week after announcing itsQ4FY25 results. It reported a 119.7% YoY revenue increase to Rs 957.5 crore, thanks to its fast-growing smart-metering project order book. Higher capacity utilization and improved operational efficiency drove net profit up 406.4% to Rs 123.3 crore.

Genus Power manufactures smart electricity meters and executes power distribution projects. It holds an order book of Rs 30,110 crore as of FY25, and has outperformed theconsumer durables sector by 15.3% over the past year.

In FY25, Genus Power’s revenue was up 96.5% at Rs 2,524 crore, and net profit rose 259.2% to Rs 311.3 crore, driven by cost control on raw materials and favourable product mix. The company’s backwardintegration into software solutions such as meter data management (MDM) and head-end systems (HES) enhanced efficiency and boosted the EBITDA margin by 7.9 percentage points in FY25.

The company revised its revenue guidance by 10% for FY26, targeting 60% growth to Rs 4,000 crore. It expects tenders from states like Kerala and West Bengal, and plans to install 70-80 lakh meters during FY26. Jitendra Kumar Agarwal, Joint Managing Director,said, “We have increased our capacity from 1 crore meters at the end of last year to 1.5 crore now. This capacity ramp-up will support growing demand, and we expect installation numbers to rise steadily through FY26.”

Genus Power holds a 27% market share in the electricity metering solutions industry. Under the National Smart Grid Mission, the governmentplans to install 25 crore smart meters by the end of FY26, of which 12% have already been installed. Management anticipates significant long-term opportunities to increase market share in this segment from upcoming tenders.

Following the company’s earnings announcement, Axis Securitiesmaintains a ‘Buy’ rating on the stock. The brokerage believes Genus Power can achieve a production capacity of 10 lakh smart meters per month based on sectoral demand, and they expect revenue and margins to improve over the long term as production capacity ramps up.

5. NMDC:

This mining company has risen 9.9% over the past month but gave up some gains recently after announcing a price cut in June. It reduced iron ore lump prices by Rs 140 per tonne and iron ore fines by Rs 150 per tonne. The company is now shifting to formula-based pricing, which it sees as a potential 'game changer'. Formula-based pricing links domestic ore prices to international benchmarks and market conditions.

NMDC’s iron ore prices are currently about 30% lower than international rates, which averaged $100 per tonne in May, down from around $108 per tonne in January. Global prices have come under pressure due to a sharp slowdown in China’s manufacturing activity, which is at its lowest level in over two years. Analysts caution that with weak demand and rising trade concerns, prices may fall further, possibly returning to the $90 per tonne levels last seen in 2019.

NMDC expects to maintain EBITDA margin at 42% in FY26, despite ongoing pricing pressures. Amitava Mukherjee, the Chairman & MD, said, “Price pressure will obviously be there throughout the year, but we are counting on the volumes to manage the margins.” The company had reported a 42% EBITDA margin in FY25 as well.

In Q4FY25, the company’s revenue increased 8% YoY to Rs 7,000 crore from higher volumes and improved realisation. Volume growth picked up in Q4 after a slow start to the year. NMDC also implemented regular price hikes in FY25, which helped offset the impact of lower volumes earlier in the year.

For FY25, NMDC’s revenue grew 12% and net profit rose 13%. However, both missed Forecaster estimates by 0.8% and 8.2%, respectively. Iron ore production stood at 44 million tonnes (MT), down 2%, while sales volume was flat at 44.6 MT.

NMDC is targeting a production volume of 55 MT for FY26, up from the current level of 53 MT. It plans to scale this up to 82 MT over the next 12 to 18 months. Mukherjee said, “For FY26, we are guiding a capex of Rs 4,000-4,200 crore. A significant ramp-up is expected in FY27-28, potentially exceeding Rs 10,000 crore annually as projects move into execution.”

Motilal Oswal maintains its ‘Buy’ rating on NMDC, expecting healthy volume growth and stable realisations to support strong performance. The brokerage also noted that NMDC’s planned capex will help improve its product mix and raise production capacity to around 100 MT by FY29–30.

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

 
Trendlyne Marketwatch
Trendlyne Marketwatch
06 Jun 2025
Market closes higher, RBI’s MPC slashes the Cash Reserve Ratio from 4% to 3%
By Trendlyne Analysis

Nifty 50 closed at 25,003.05 (252.2, 1.0%), BSE Sensex closed at 82,188.99 (747.0, 0.9%) while the broader Nifty 500 closed at 23,165.10 (230.6, 1.0%). Market breadth is in the green. Of the 2,452 stocks traded today, 1,294 were in the positive territory and 1,107 were negative.

Indian indices closed higher after the Reserve Bank of India announced a larger-than-expected rate cut. RBI lowered the repo rate by 50 bps to 5.5%. It also slashed the Cash Reserve Ratio (CRR) by 100 bps to 3%, which is expected to inject Rs 2.5 lakh crore in liquidity and lower funding costs for banks. The Indian volatility index, Nifty VIX, fell around 3% and closed at around 14.6 points. Tejas Networks closed 1.6% higher after the Ministry of Communications awarded a Rs 123 crore PLI scheme for telecom and networking products.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green. BSE Realty Index and Nifty Private Bank closed higher. According to Trendlyne’s sector dashboard, Diversified emerged as the best-performing sector of the day, with a rise of 4.2%.

European indices are trading mixed. Major Asian indices closed mixed. US index futures are trading higher, indicating a positive start to the session as investors await the key labor market report today. The US economy is expected to add 126,000 jobs in May, down from 177,000 in the previous month, while the unemployment rate is likely to remain flat at 4.2%.

  • Relative strength index (RSI) indicates that stocks like Solar Industries, Pfizer, Central Depository Services India, and Bharat Electronics are in the overbought zone.

  • IndusInd Bank rises as RBI officials express confidence that the recent accounting issues will soon stabilise, indicating improved regulatory sentiment towards the lender.

  • Dishman Carbogen Amcis plans to co-invest over CHF 25 million (approx. Rs 260.8 crore) with a long-standing Japanese customer to expand manufacturing capacity at its Aarau and Neuland sites in Switzerland. The investment will help the company produce more drug linkers to meet increasing global demand.

  • Praj Industries rises sharply as it secures an international assignment from Enersur SA to support a biorefinery project in South America. Praj will assist in planning, evaluating, and executing the plant to produce ethanol and co-products.

  • Jairam Sampath, Whole-time Director & CFO of Kaynes Technologies, reiterates the company’s FY28 revenue guidance of $1 billion. He also projects electronics manufacturing services (EMS) revenue of Rs 4,500 crore for FY26, with a 100 bps margin improvement. The company plans a capex of Rs 800 crore for geographic expansion and Rs 400 crore to strengthen its technology capabilities. It also plans a Rs 1,600 crore QIP to support inorganic growth and expand its tech footprint.

  • Oriana Power is rising as it receives an order worth Rs 98.6 crore for the engineering, procurement, construction, and commissioning of a 20 MW ground-mounted solar photovoltaic project in Banka, Bihar. The contract also includes operation and maintenance services for three years.

  • Rama Steel Tubes rises sharply as it forms a joint venture with Onix IPP to develop a 225 MW solar power project under the PM-KUSUM scheme. The project spans multiple locations in Maharashtra and has 25-year power purchase agreements with Maharashtra State Electricity Distribution (MSEDCL).

  • Tata Investment Corp rises sharply after reports indicate Tata Capital may soon get SEBI’s nod for its Rs 17,200 crore initial public offering (IPO), boosting sentiment around group-linked financial entities.

  • According to data from the Federation of Automobile Dealers Associations (FADA), retail sales of passenger vehicles (PV) decline 3.1% in May to 3,02,214 units, down from 3,11,908 units last year. The association notes that supply chain challenges due to rare-earth mineral shortages in EV components and ongoing geopolitical tensions may dampen urban consumer sentiment.

  • JSW Energy rises as it commissions 281?MW of renewable energy capacity, taking its total installed capacity to 12,499?MW. Additionally, the company's subsidiary, JSW Renew Energy Three, signs a 25-year power purchase agreement (PPA) with Adani Electricity for a 250?MW wind project at a tariff of Rs 3.65/kWh.

  • Muthoot Finance is rising as the Reserve Bank of India (RBI) revises the loan-to-value (LTV) ratio on small gold loans up to Rs 2.5 lakh to 85% from 75%, including the interest component. LTV is the percentage of a loan amount compared to the value of the collateral.

  • Canara Bank's board of directors schedules a meeting on June 12 to consider the capital raising plan for FY26.

  • RBI keeps the FY26 GDP growth forecast unchanged at 6.5% but lowers the CPI inflation forecast to 3.7% from the earlier estimate of 4%. Governor Sanjay Malhotra says an above-normal monsoon bodes well for kharif crops. He adds that India remains an attractive investment destination and highlights that the country's forex reserves are sufficient to cover 11 months of imports.

  • Imagicaaworld Entertainment signs a Rs 275 crore loan deal with HDFC Bank to fund the acquisition of Wet’n Joy parks in Lonavala and Shirdi, including the Shirdi-based Saiteerth Devotional Theme Park.

  • Bharat Electronics receives orders worth Rs 2,323 crore from Mazagon Dock Shipbuilders (MDL) and Garden Reach Shipbuilders & Engineers (GRSE) to supply base and depot spares for missile systems on Indian Naval ships.

  • City Union Bank is rising as its board of directors schedules a meeting on June 11 to consider and approve raising funds through the issue of one or more instruments/ securities.

  • The RBI’s Monetary Policy Committee (MPC) slashes the Cash Reserve Ratio (CRR) from 4% to 3%, which is expected to inject Rs 2.5 lakh crore in liquidity and lower funding costs for banks. The central bank shifts its policy stance to ‘Neutral.’ RBI Governor Sanjay Malhotra notes that global growth and trade projections are revised downward as the growth-inflation trade-off becomes increasingly challenging.

  • Indian Renewable Energy Development Agency's board of directors approves raising funds worth up to Rs 5,000 crore through a qualified institutional placement (QIP) of equity shares at a floor price of Rs 173.8.

  • CLSA maintains its 'Outperform' call on Bajaj Auto with a target price of Rs 10,149 per share. The brokerage expects 15–20% export growth in FY26, driven by strong demand from Latin America and Africa. The company also plans to launch a new Chetak electric scooter to strengthen its share in the electric two-wheeler (e2W) market.

  • Azad Engineering falls as 48 lakh shares (7.4% stake) worth approximately Rs 780 crore reportedly change hands in a block deal at an average price of Rs 1,640 per share.

  • The Reserve Bank of India(RBI) cuts repo rate for the third consecutive time by 50 bps to 5.5%. The central bank shifts its stance to ‘Neutral’ from Accommodative, during the Monetary Policy Committee meeting.

  • Bajaj Finserv's promoters, Bajaj Holdings and Jamnalal Sons, reportedly plan to sell 3.1 crore shares (1.9% stake), worth Rs 5,800 crore, via a block deal at an average price of Rs 1,880 per share.

  • ZF Commercial Vehicle Control Systems rises as 6 lakh shares (3.2% stake), worth Rs 792 crore, reportedly change hands in a block deal at an average price of Rs 13,191 per share. Promoter WABCO is likely the seller in the transaction.

  • Ashoka Buildcon is rising as its subsidiary secures orders worth Rs 1,387.2 crore from the Maharashtra Motor Vehicles Department to design, implement, operate, and maintain an Intelligent Traffic Management System across various circles in the state.

  • The Ministry of Communications, Department of Telecommunications, awards Tejas Networks a Rs 123 crore PLI (Production Linked Incentive) scheme for telecom and networking products.

  • Nifty 50 was trading at 24,750.35 (-0.6, 0%), BSE Sensex was trading at 81,434.24 (-7.8, 0.0%) while the broader Nifty 500 was trading at 22,963.20 (28.7, 0.1%).

  • Market breadth is overwhelmingly positive. Of the 1,993 stocks traded today, 1,445 showed gains, and 492 showed losses.

Riding High:

Largecap and midcap gainers today include IDFC First Bank Ltd. (71.55, 7.1%), ICICI Lombard General Insurance Company Ltd. (2,006.20, 6.9%) and Godrej Properties Ltd. (2,467, 6.7%).

Downers:

Largecap and midcap losers today include Sona BLW Precision Forgings Ltd. (510.15, -3.4%), Bharti Hexacom Ltd. (1,819.20, -3.2%) and Solar Industries India Ltd. (16,523, -2.9%).

Volume Shockers

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

Top high volume gainers on BSE included Godrej Industries Ltd. (1,359.50, 14.2%), Ramkrishna Forgings Ltd. (656.75, 9.4%) and Aditya Birla Real Estate Ltd. (2,355.80, 9.1%).

Top high volume loser on BSE was Capri Global Capital Ltd. (152.04, -1.3%).

Route Mobile Ltd. (1,021.35, 6.0%) was trading at 13.6 times of weekly average. Ujjivan Small Finance Bank Ltd. (47.83, 7.5%) and PNB Housing Finance Ltd. (1,104.90, 3.9%) were trading with volumes 10.0 and 7.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

21 stocks made 52 week highs,

Stocks touching their year highs included - Abbott India Ltd. (31,300, -1.3%), Bajaj Holdings & Investment Ltd. (14,251, 5.7%) and Bharat Electronics Ltd. (390.70, -0.7%).

33 stocks climbed above their 200 day SMA including Aditya Birla Real Estate Ltd. (2,355.80, 9.1%) and ICICI Lombard General Insurance Company Ltd. (2,006.20, 6.9%). 8 stocks slipped below their 200 SMA including BLS International Services Ltd. (398.65, -2.5%) and CG Power and Industrial Solutions Ltd. (681.60, -2.1%).

 
Trendlyne Marketwatch
Trendlyne Marketwatch
05 Jun 2025
Market closes higher, Tata Motors' JLR wholesales fall 24% YoY in May
By Trendlyne Analysis

Nifty 50 closed at 24,750.90 (130.7, 0.5%) , BSE Sensex closed at 81,442.04 (443.8, 0.6%) while the broader Nifty 500 closed at 22,934.50 (126.7, 0.6%). Market breadth is in the green. Of the 2,445 stocks traded today, 1,381 were on the uptick, and 1,020 were down.

Indian indices closed in the green supported by a sharp rebound in pharma, oil & gas, and realty stocks. The Indian volatility index, Nifty VIX, declined 4.2% and closed at 15.1 points. Welspun Corp surged to a new all-time high of Rs 970 as it received a repeat export order worth Rs 450 crore from the Middle East to supply 50 km of LSAW pipes and bends.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the green, following the benchmark index. Nifty India Defence & BSE Realty Index were among the top index gainers today. According to Trendlyne’s Sector dashboard, Retailing emerged as the best-performing sector of the day, with a rise of 2.6%.

Asian indices closed higher except Japan’s Nikkei 225, while European indices are trading in the green. US index futures traded in the green, indicating a positive start to the trading session. Barclays raised its S&P 500, 2025 year-end target to 6,050 from 5,900, citing easing trade uncertainty and expected earnings normalization.

  • Money flow index (MFI) indicates that stocks like Pfizer, Central Depository Services, GE Vernova T&D India, and Gillette India are in the overbought zone.

  • Valor Estate is rising as it receives a letter of award from Brihanmumbai Municipal Corp (BMC) to develop 13,374 affordable homes under the PAP scheme in Zone IV, Mumbai, with an estimated GDV of Rs 7,000 crore.

  • Tata Motors' Jaguar Land Rover (JLR) wholesales decline 24% YoY to 4,643 units in May, as Jaguar records zero sales vs 1,363 last year. Land Rover volumes remain steady, falling just 2% YoY.

  • Zaggle Prepaid Ocean Services plans to acquire a 100% stake in Dice Enterprises for Rs 123 crore to expand its product range and customer base.

  • India's general insurance sector anticipates faster growth in FY26, led by strong performance from private insurers. ICRA projects an 8.7% rise in premium income for FY26, reaching Rs 3.21–3.24 lakh crore, followed by a 10.9% growth in FY27. Private insurers are expected to continue gaining market share, while public sector insurers may struggle with weak capital positions.

  • IEX falls as Dalmia Cement sells 1 crore shares worth Rs 200 crore through a bulk deal at an average price of Rs 201.

  • Emkay maintains its 'Buy' rating on Indian Bank with a target price of Rs 675. The brokerage highlights the management’s guidance for 10–12% credit growth in FY26, with a focus on boosting the share of mid-corporate and SME loans. This shift is expected to support margins in the long term. Emkay also notes the bank has peer-best asset quality, with a net non-performing asset (NPA) ratio of just 0.2%.

  • TVS Motor Company falls as its board appoints Managing Director Sudarshan Venu as the company's new Chairman, succeeding Ralf Speth, effective August 25.

  • Central Bank of India acquires a 24.9% equity stake (around 35.1 crore shares) in Future Generali India Insurance (FGIICL) for up to Rs 451 crore, marking its entry into the general insurance space. Generali Group retains a controlling 74% stake in FGIICL. The move aligns with Central Bank of India’s strategy to broaden its presence in the financial services ecosystem.

  • Man Industries (India) is rising as it receives an export order worth Rs 1,150 crore from an international customer to supply various types of pipes.

  • RailTel Corp of India rises sharply as it receives a letter of intent (LoI) from Maharashtra’s Motor Vehicles Department for a Rs 274.4 crore order. The company will implement and maintain an intelligent traffic management system (ITMS) in Vidarbha Circle, eastern Maharashtra, till September 4, 2036.

  • Welspun Corp surges to a new all-time high of Rs 970 as it receives a repeat export order worth Rs 450 crore from the Middle East to supply 50 km of LSAW pipes and bends with anti-corrosion and concrete weight coatings.

  • Arun Shukla, President & Director of JK Lakshmi Cement, expects the industry to grow over 6–7% YoY and aims to outperform this pace. He does not anticipate a near-term increase in cement prices. Renewable energy now makes up 50% of the company’s total energy use, with a target of 53% by FY26. Premium products account for 25% of trade volume, with plans to increase this to 30% in 1.5 to 2 years.

  • Deccan Gold Mines surges as its associate firm, Geomysore, receives consent to operate (CTO) the Jonnagiri Gold Project from the Andhra Pradesh Pollution Control Board (APPCB). This allows the company to begin operations at the gold ore processing plant.

  • Honasa Consumer receives approval from the National Company Law Tribunal (NCLT) to merge Fusion Cosmeceutics and Just4Kids Services with itself.

  • HSBC retains its 'Buy' rating on Mahindra and Mahindra with a target price of Rs 3,470 per share. The brokerage believes the company's electric vehicles business margins will improve to mid-single digits over the next 12–18 months. It expects strong production-linked incentives (PLI) to boost its profitability further.

  • Goldman Sachs reiterates its 'Sell' rating on IDFC First Bank with a target price of Rs 64, citing concerns over elevated credit costs and low net interest margins. The brokerage expects credit costs to remain high in the first half of FY26, with recovery in the microfinance segment playing a key role. It forecasts a subdued return on assets (ROA), averaging 0.4% in H1FY26 and improving to 0.7% in H2 as credit costs ease.

  • JPMorgan maintains its 'Overweight' call on Reliance Industries with a target price of Rs 1,568 per share. The brokerage expects an improvement in earnings over the next two years than the previous two, driven by growth in the consumer business segment.

  • CESC’s subsidiary, Purvah Green Power, signs an agreement with Envision Energy India to supply and commission 1 GW of wind turbine generators. The deal includes 10 years of operations and maintenance services post commissioning.

  • Dr. Reddy's Laboratories is rising as it collaborates with Alvotech to co-develop a biosimilar of Keytruda, a drug used to treat lung and skin cancer. The drug recorded global sales of $29.5 billion in 2024.

  • Antique Stock Broking projects strong domestic steel demand in India, expecting it to grow 8.5% YoY to 156 million tonnes in CY25, driven by the infrastructure and automotive sectors. It notes a 7% rebound in domestic hot-rolled coil (HRC) prices, supported by safeguard duties, while Chinese steel exports may decline due to US tariffs and production curbs. The brokerage maintains a 'Buy' rating on Tata Steel and JSPL, with target prices of Rs 165 and Rs 1,013, respectively.

  • Angel One's average daily turnover (ADTO) drops 18.2% YoY to Rs 35.8 lakh crore in May. Its gross client acquisition drops 43.1% YoY to 5 lakh during the month. The company appears in a screener of stocks where promoters are decreasing their shareholding.

  • NTPC Green Energy is rising as its subsidiary, NTPC Renewable Energy, signs a power purchase agreement with Uttar Pradesh Power Corp (UPPCL) for a 1,000 MW solar photovoltaic project.

  • Bharat Electronics receives orders worth Rs 537 crore for communication systems, jammers, simulators, spares, software, and related services across various defence and technology segments.

  • Force Motors is rising as its monthly wholesales rise 19% YoY to 3,088 units in May. Meanwhile, monthly exports drop 52.2% YoY to 86 units.

  • Nifty 50 was trading at 24,627.30 (7.1, 0.0%), BSE Sensex was trading at 81,196.08 (197.8, 0.2%) while the broader Nifty 500 was trading at 22,838 (30.2, 0.1%).

  • Market breadth is highly positive. Of the 1,990 stocks traded today, 1,523 were on the uptick, and 420 were down.

Riding High:

Largecap and midcap gainers today include Hindustan Zinc Ltd. (491.60, 5.0%), JSW Infrastructure Ltd. (307.10, 4.9%) and Eternal Ltd. (256.56, 4.4%).

Downers:

Largecap and midcap losers today include Sona BLW Precision Forgings Ltd. (528.10, -1.9%), Federal Bank Ltd. (207.07, -1.9%) and Dixon Technologies (India) Ltd. (14,694, -1.8%).

Volume Rockets

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

Top high volume gainers on BSE included Cochin Shipyard Ltd. (2,350.80, 12.7%), JM Financial Ltd. (141.62, 8.2%) and Welspun Living Ltd. (140.61, 5%).

Top high volume losers on BSE were Ajanta Pharma Ltd. (2,582.40, -0.2%) and Newgen Software Technologies Ltd. (1,224.40, 0.0%).

PNC Infratech Ltd. (299, 4.8%) was trading at 29.2 times of weekly average. Sheela Foam Ltd. (656.10, 4.7%) and JSW Infrastructure Ltd. (307.10, 4.9%) were trading with volumes 9.7 and 6.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

15 stocks made 52 week highs,

Stocks touching their year highs included - Abbott India Ltd. (31,695, 1.3%), Bharat Electronics Ltd. (393.50, 0.7%) and Fortis Healthcare Ltd. (754.75, 2.2%).

35 stocks climbed above their 200 day SMA including Hindustan Zinc Ltd. (491.60, 5.0%) and 360 One Wam Ltd. (1,074, 4.9%). 6 stocks slipped below their 200 SMA including Concord Biotech Ltd. (1,852, -1.3%) and Bandhan Bank Ltd. (166.86, -1.3%).

 
Trendlyne Marketwatch
Trendlyne Marketwatch
04 Jun 2025
Market closes higher, TVS signs MoU with Kadam Mobility to deploy 500 electric 3-wheelers in FY26
By Trendlyne Analysis

Nifty 50 closed at 24,620.20 (77.7, 0.3%), BSE Sensex closed at 80,998.25 (260.7, 0.3%) while the broader Nifty 500 closed at 22,807.85 (96.6, 0.4%). Market breadth is in the green. Of the 2,446 stocks traded today, 1,289 were gainers and 1,104 were losers.

Indian indices closed higher after rising throughout the day. The Indian volatility index, Nifty VIX, fell 4.9% and closed at 15.7 points. Garden Reach Shipbuilders surged 6.5% to its all-time high of Rs 3,465.5 after signing a memorandum of understanding (MoU) with Norway's Kongsberg to build a polar research vehicle.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher, following the benchmark index. Nifty India Digital and S&P BSE Telecom Indices were among the top index gainers today. According to Trendlyne’s sector dashboard, Telecom Services emerged as the top-performing sector of the day, with a rise of 1.6%.

Asian indices closed higher, except for Thailand’s SET, which closed lower. European indices are trading higher, except for Portugal’s PSI, which is trading lower. US index futures are trading flat or higher as investors weigh increased metal tariffs against hopes of progress in US-China trade talks. Brent crude futures are trading higher after rising 1.7% on Tuesday.

  • Coforge sees a short buildup in its June 26 futures series, with open interest increasing by 4x and a put-call ratio of 0.5.

  • Yes Bank rises as its board of directors approves raising up to Rs 7,500 crore in equity and Rs 8,500 crore via debt instruments in FY26. The funds will be raised in tranches across domestic and global markets, with dilution capped at 10%.

  • Swiggy surges as Morgan Stanley initiates coverage with a 'Buy' call and a target price of Rs 405 per share. This indicates a potential upside of 12.4%. The brokerage believes that the company's food delivery and quick commerce businesses will grow due to aggressive investments in infrastructure. It expects the firm's quick commerce business to grow at a CAGR of 63% over FY26-28.

  • TVS Motor signs a memorandum of understanding (MoU) with Kadam Mobility to deploy 500 TVS King EV MAX electric three-wheelers in FY26. The company plans to roll out the vehicles in phases starting in Q2FY26.

  • Nomura maintains a 'Neutral' rating on Tata Motors with a target price of Rs 799. The brokerage expects the newly launched Harrier EV to drive higher EV penetration with its competitive pricing. Nomura projects EV penetration to increase to 4% in FY26 and 5% in FY27, up from 2.3% in FY25. The new model's price aligns with entry-level diesel automatic SUVs in the high SUV segment.

  • Geojit BNP Paribas retains its 'Buy' call on Bharat Electronics, with a target price of Rs 441 per share. This indicates a potential upside of 13.9%. The brokerage remains positive on the stock due to the government's focus on domestic manufacturing, the growing contribution of electronics in defense, healthy market positioning, a robust order backlog, and consistently strong margins. It expects the firm's revenue to grow at a CAGR of 17.7% over FY26-27.

  • Chennai Petroleum Corp allocates Rs 400 crore as capital expenditure to re-enter the direct fuel retail segment. It plans to set up petrol and diesel outlets over the next 2–3 years as part of its expansion plan.

  • Kaynes Technology India is falling as it provides a corporate guarantee for a Rs 250 crore loan from multiple banks for its step-down subsidiary, Kaynes Canada. The company also invests $8.8 million (~ Rs 75.6 crore) in its subsidiary, Kaynes Holding.

  • Crude oil futures decline as the OECD (Organisation for Economic Cooperation and Development) lowers its global GDP growth outlook from 3.3% in 2024 to 2.9% in the next two years, assuming that mid-May tariff rates remain in place. It expects growth through 2025 to remain weak, with global output projected to rise just 2.6% YoY by the fourth quarter and only 1.1% in the US.

  • Ethos is rising as its board of directors approves a fundraising of up to Rs 410 crore through the rights issue of equity shares.

  • Reports suggest that 63.4 crore shares (0.6% stake) of Vodafone Idea, worth Rs 428.4 crore, have changed hands in a block deal at an average price of Rs 6.8 per share. Ericsson India is likely the seller in the transaction.

  • Garden Reach Shipbuilders surges to its all-time high of Rs 3,465.5 per share as it enters a memorandum of understanding (MoU) with Norway's Kongsberg to construct a polar research vehicle.

  • Nuvama maintains a 'Buy' rating on Ceat with a target price of Rs 3,800. The brokerage believes the Camso acquisition will enhance the company’s margin profile and increase the export share of revenue to 25–26%. It anticipates strong export growth in FY26 and domestic replacement growth in single digits. It also projects a decline in raw material costs during Q1–Q2FY26 and estimates a capital expenditure of Rs 900–1,000 crore for FY26.

  • Sun Pharma Advanced Research Co plunges as it fails to meet key goals in phase-2 trials of its drug, Vibozilimod, for skin conditions like psoriasis and eczema. The company discontinues the drug’s development with no further trials planned.

  • Scoda Tubes’ shares make a flat debut on the bourses at Rs 140. The Rs 220 crore IPO received bids for 53.8 times the total shares on offer.

  • Tata Technologies falls as private equity TPG reportedly plans to divest its entire 2.1% stake (or 85.1 lakh shares) at a floor price between Rs 744.5 and Rs 767.5 per share, aggregating to Rs 634.1 crore through a block deal.

  • India's Services PMI rises marginally to 58.8 in May, up from 58.7 in April, staying well above the 50-mark. This represents the fastest expansion since February, driven by continued growth in output and new orders. Foreign sales touched record highs on the back of robust international demand.

  • Gland Pharma receives final approval from the US FDA for Angiotensin II Acetate injection, used to treat very low blood pressure. According to IQVIA, the drug had a market size of $58 million in the US as of March 2025.

  • Alkem Laboratories falls as a 1.4% equity stake worth approximately Rs 825 crore reportedly changes hands in a block deal at an average price of Rs 4,850 per share. Promoter Jayanti Sinha is likely the seller in this transaction.

  • Aditya Birla Fashion and Retail plunges as 10.7 crore share (8.8% stake), worth Rs 862 crore, reportedly change hands in a block deal at an average price of Rs 80 per share. Flipkart is likely the seller in the transaction.

  • Adani Enterprises' arm, Adani Airports Holdings, raises $750 million (approximately Rs 6,240 crore) through external commercial borrowings (ECB) from a consortium of international banks. These include First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank. The proceeds will be used to refinance existing debt, invest in infrastructure upgrades, and expand capacity across the six airports.

  • Indegene falls sharply as Carlyle Group reportedly plans to divest its entire 10.2% stake (or 2.4 crore shares) at a floor price of Rs 580 per share, aggregating to Rs 1,420 crore through a block deal.

  • Indian Energy Exchange's electricity volume increases by 14% YoY to 10,946 million units (MU) in May. IEX Green Market achieves a volume growth of 47% YoY to 915 MU.

  • Ashok Leyland is rising as it secures an order worth Rs 183.8 crore from Tamil Nadu State Transport Corp (TNSTC) to supply 543 BSVI diesel chassis and fully built buses.

  • Zydus Lifesciences' subsidiary, Zyus Pharmaceuticals USA, acquires two US-based biologics manufacturing facilities in California from Agenus for a cash consideration of $75 million (~ Rs 643.2 crore). This acquisition allows Zydus to enter the global biologics contract development and manufacturing organisation (“CDMO”) business.

  • Nifty 50 was trading at 24,572.45 (30.0, 0.1%), BSE Sensex was trading at 80,777.65 (40.1, 0.1%) while the broader Nifty 500 was trading at 22,764.30 (53, 0.2%).

  • Market breadth is in the green. Of the 1,964 stocks traded today, 1,278 showed gains, and 641 showed losses.

Riding High:

Largecap and midcap gainers today include Rail Vikas Nigam Ltd. (429.95, 6.5%), PB Fintech Ltd. (1,841.40, 5.8%) and GlaxoSmithKline Pharmaceuticals Ltd. (3,420, 5.4%).

Downers:

Largecap and midcap losers today include Cholamandalam Investment & Finance Company Ltd. (1,512.70, -3.4%), Alkem Laboratories Ltd. (4,868.50, -2.6%) and Suzlon Energy Ltd. (66.72, -2.1%).

Movers and Shakers

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

Top high volume gainers on BSE included Ircon International Ltd. (220.46, 13.7%), Swan Energy Ltd. (449.20, 9.0%) and Rail Vikas Nigam Ltd. (429.95, 6.5%).

Top high volume losers on BSE were Sun Pharma Advanced Research Company Ltd. (156.83, -19.7%), Aditya Birla Fashion and Retail Ltd. (76.77, -10.7%) and Kaynes Technology India Ltd. (5,737.50, -0.9%).

SKF India Ltd. (4,776, 3.0%) was trading at 6.2 times of weekly average. Aether Industries Ltd. (775.20, 3.9%) and Aster DM Healthcare Ltd. (582.85, 5.6%) were trading with volumes 4.3 and 4.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

14 stocks took off, crossing 52 week highs, while 3 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - CCL Products India Ltd. (889.60, -0.2%), Fortis Healthcare Ltd. (738.85, 1.3%) and GlaxoSmithKline Pharmaceuticals Ltd. (3,420, 5.4%).

Stocks making new 52 weeks lows included - Aditya Birla Fashion and Retail Ltd. (76.77, -10.7%) and Sheela Foam Ltd. (626, 0.4%).

14 stocks climbed above their 200 day SMA including Ircon International Ltd. (220.46, 13.7%) and Rail Vikas Nigam Ltd. (429.95, 6.5%). 20 stocks slipped below their 200 SMA including Sun Pharma Advanced Research Company Ltd. (156.83, -19.7%) and Star Health and Allied Insurance Company Ltd. (467.10, -1.2%).