Nifty 50 closed at 24,609.70 (-203.8, -0.8%), BSE Sensex closed at 80,951.99 (-644.6, -0.8%) while the broader Nifty 500 closed at 22,595 (-135.7, -0.6%). Market breadth is in the red. Of the 2,427 stocks traded today, 1,077 were on the uptrend, and 1,303 went down.
Indian indices closed lower after dropping in the morning session due to fears of a high US fiscal deficit. The Indian volatility index, Nifty VIX, fell 1.7% and closed at 17.3 points. Mankind Pharma closed 3.8% in the red as its Q4FY25 net profit declined 10.7% YoY to Rs 420.8 crore due to higher raw materials, inventory, employee benefits, finance, and depreciation & amortisation expenses. However, revenue grew 32.5% YoY to Rs 3,330.7 crore.
Nifty Smallcap 100 and Nifty Midcap 100 closed lower, following the benchmark index. Nifty FMCG and Nifty IT were among the worst-performing indices of the day. According to Trendlyne’s sector dashboard, Hardware Technology & Equipment emerged as the worst-performing sector of the day, with a fall of 2.4%.
European indices are trading in the red, except Portugal’s PSI index, which is trading 0.2% higher. Major Asian indices closed lower, except Indonesia’s IDX Composite and Sri Lanka’s CSE All-Share indices, which closed 0.4% and 1.2% higher. US index futures are trading mixed, indicating a cautious start to the session, ahead of the US House of Representatives’ vote on President Donald Trump’s sweeping tax and spending bill.
Aditya Birla Fashion & Retail sees a short buildup in its May 29 futures series, with open interest increasing by 22.8% and a put-call ratio of 0.5.
Strides Pharma's Q4FY25 net profit surges 5x YoY to Rs 113 crore. Revenue jumps 17% YoY to Rs 1,190 crore, driven by new product launches in the US and Africa. The firm appears in a screener of stocks where mutual funds (MF) increased their stakes over the past two months.
Astral surges as its Q4FY25 net profit beats Forecaster estimates by 1.7% despite falling 1.3% YoY to Rs 179.3 crore due to higher employee benefit expenses. However, revenue increases 3.5% YoY to Rs 1,681.4 crore, driven by higher sales from the plumbing and paints & adhesives segments during the quarter. The company appears in a screener of stocks with increasing profits every quarter for the past two quarters.
VRL Logistics' Q4FY25 net profit surges 244.7% YoY to Rs 74.2 crore. Revenue rises 5% YoY to Rs 811.5 crore, driven by higher freight rates and exits from low-margin business segments. It appears in a screener of stocks with lower PEG ratio than the industry.
Bajaj Auto announces plans to acquire majority control of Austrian motorcycle manufacturer KTM AG through its wholly owned subsidiary, Bajaj Auto International (BAIHBV), in a deal worth Rs 7,765 crore. The company says the acquisition supports KTM’s ongoing restructuring, ensures operational continuity, and expands Bajaj’s global footprint in the motorcycle market.
Gulf Oil Lubricants India's Q4FY25 net profit rises 6.9% YoY to Rs 92.2 crore, helped by inventory destocking. Revenue increases 9.6% YoY to Rs 952.7 crore, driven by growth in the personal mobility and motorcycle oils segments during the quarter. The company appears in a screener of stocks with improving cash flow from operations over the past two years.
Salzer Electronics secures an order worth Rs 192 crore from Bruhat Bengaluru Mahanagara Palike (BBMP) to install a centralized control and monitoring system (CCMS) for street lights and replace existing conventional streetlights in Bengaluru.
Star Cement is falling as its Q4FY25 net profit misses Forecaster estimates by 5%, despite growing 40.5% YoY to Rs 123.2 crore, driven by lower raw materials expenses and inventory destocking. Revenue rises 14.7% YoY to Rs 1,057.1 crore during the quarter. It shows up in a screener of stocks where promoters increased pledged shares QoQ.
Ashok Kumar Tyagi, Managing Director of DLF, highlights the rental run rate of around Rs 600 crore for FY25 and expects it to rise to Rs 7,500 crore by March 2026, supported by contributions from DLF and Cyber City. He reiterates DLF’s pre-sales target of Rs 22,000 crore for FY26 and emphasises the company's focus on maintaining strong free cash flows and embedded margins over volume growth.
HG Infra Engineering plunges as its Q4FY25 net profit declines 22.7% YoY to Rs 147 crore, owing to higher employee benefits and finance costs. Revenue falls 20.4% YoY to Rs 1,363.9 crore during the quarter. It features in a screener of stocks with declining returns on equity (RoE) over the past two years.
Ircon International is falling as its Q4FY25 net profit declines 14.6% YoY to Rs 210.9 crore, caused by higher raw materials and finance costs. Revenue decreases 9.7% YoY to Rs 3,515.3 crore due to reductions in the international and domestic businesses. It appears in a screener of stocks with low Piotroski scores.
Mankind Pharma falls sharply as its Q4FY25 net profit declines 10.7% YoY to Rs 420.8 crore due to higher raw materials, inventory, employee benefits, finance, and depreciation & amortisation expenses. However, revenue grows 32.5% YoY to Rs 3,330.7 crore, driven by improvements in the consumer healthcare, domestic and export businesses. It appears in a screener of stocks with an increasing trend in non-core income.
India’s Composite PMI rose to 61.2 in May, up from 59.7 in April, the fastest increase since April 2024. The increase is primarily driven by robust growth in the services sector, strong domestic and international demand, and continued investments in technology and capacity expansion.
Oil India is falling as its Q4FY25 net profit declines 38.8% YoY to Rs 1,310.1 crore due to higher contract, consumption of stores & spare parts, and finance costs. Revenue decreases 1.8% YoY to Rs 9,190.6 crore, caused by reductions in the crude oil, refinery products, and pipeline transportation segments. It shows up in a screener of stocks with growing costs YoY for long-term projects.
BSE falls sharply after reports suggest that the Securities and Exchange Board of India (SEBI) will likely approve the National Stock Exchange’s (NSE) request to introduce Tuesday as the weekly expiry day for derivatives contracts.
Colgate-Palmolive (India) is falling as its net profit declines 6.5% YoY to Rs 355 crore in Q4FY25 due to higher stock-in-trade purchases, employee benefit expenses, and advertising costs. Revenue decreases 1.9% YoY to Rs 1,462.5 crore during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.
Goldman Sachs reiterates its 'Sell' rating on Colgate-Palmolive (India) with a target price of Rs 2,630, citing a weak Q4 performance. The firm notes a 1.8% YoY decline in domestic revenue, falling 3% short of its estimates. It expects intense competition in the oral care segment to challenge Colgate’s margin expansion efforts, further pressured by a 100 basis point rise in advertising expenditure.
Va Tech Wabag's Q4FY25 net profit surges 37.4% YoY to Rs 99.5 crore. Revenue jumps 23.9% YoY to Rs 1,167.6 crore, driven by higher order inflows. The firm appears in a screener of stocks where foreign institutional investors (FII) increased their stakes in Q4FY25.
Garden Reach Shipbuilders is rising as it emerges as the lowest bidder for a Rs 25,000 crore order from the Ministry of Defence (MoD) to build five Next Generation Corvette (NGC) ships for the Indian Navy.
National Aluminium is rising as its Q4FY25 net profit surges 107.4% YoY to Rs 2,067.2 crore, helped by lower raw materials, employee benefits, and depreciation & amortisation expenses. Revenue jumps 47.2% YoY to Rs 5,393.4 crore, led by improvements in the chemicals and aluminium segments. It features in a screener of undervalued growth stocks.
Nomura retains a 'Neutral' rating on IndusInd Bank with a target price of Rs 700, citing concerns over accounting lapses and elevated slippages in the microfinance institution (MFI) segment. The brokerage anticipates subdued business growth and profitability. It also reduces its FY26–27 EPS estimates by 36–38%.
NBCC secures an order worth Rs 161.5 crore from Power Finance Corporation (PFC) for interior works at the World Trade Centre, New Delhi.
IndusInd Bank posts a net loss of Rs 2,328.9 crore in Q4FY25 compared to a net profit of Rs 2,349.2 crore due to higher interest, employee benefits and provisions expenses. Revenue declines 22.9% YoY to Rs 11,342.7 crore due to reductions in the treasury operations and retail banking segments. The bank's asset quality worsens as its gross and net NPAs grow 121 bps and 38 bps YoY, respectively.
InterGlobe Aviation's Q4FY25 net profit surges 61.9% YoY to Rs 3,067.5 crore due to lower fuel cost. Revenue increases 24.3% YoY to Rs 22,151.9 crore, driven by higher air traffic and ticket prices during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.
Oil And Natural Gas Corp's Q4FY25 net profit declines 27.6% YoY to Rs 7,322.8 crore due to higher material and exploration well costs. However, revenue increases 2.4% YoY to Rs 1,70,811.7 crore, driven by higher sales from the exploration and production segment in India during the quarter. The company appears in a screener of stocks with improving cash flow from operations over the past two years.
Nifty 50 was trading at 24,643.05 (-170.4, -0.7%), BSE Sensex was trading at 81,220.46 (-376.2, -0.5%) while the broader Nifty 500 was trading at 22,608.85 (-121.8, -0.5%).
Market breadth is in the red. Of the 1,937 stocks traded today, 819 showed gains, and 1,062 showed losses.
Riding High:
Largecap and midcap gainers today include Solar Industries India Ltd. (15,008, 5.8%), Astral Ltd. (1,442.40, 4.7%) and Berger Paints (India) Ltd. (566.40, 3.2%).
Downers:
Largecap and midcap losers today include Colgate-Palmolive (India) Ltd. (2,487.10, -6.5%), General Insurance Corporation of India (420.55, -3.6%) and Mankind Pharma Ltd. (2,439.20, -3.6%).
Volume Rockets
19 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Tata Teleservices (Maharashtra) Ltd. (76.68, 11.0%), Fortis Healthcare Ltd. (723.80, 7.7%) and Astral Ltd. (1,442.40, 4.7%).
Top high volume losers on BSE were Aditya Birla Fashion and Retail Ltd. (89.85, -66.6%), Colgate-Palmolive (India) Ltd. (2,487.10, -6.5%) and Mankind Pharma Ltd. (2,439.20, -3.6%).
Network18 Media & Investments Ltd. (48.56, 4.0%) was trading at 6.5 times of weekly average. Relaxo Footwears Ltd. (439.65, 1.8%) and Craftsman Automation Ltd. (5,535.50, 4.5%) were trading with volumes 5.1 and 4.2 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
8 stocks overperformed with 52 week highs, while 1 stock hit their 52 week lows.
Stocks touching their year highs included - Bharat Electronics Ltd. (383.40, 0.1%), Solar Industries India Ltd. (15,008, 5.8%) and APL Apollo Tubes Ltd. (1,829.50, 0.8%).
Stock making new 52 weeks lows included - Aditya Birla Fashion and Retail Ltd. (89.85, -66.6%).
12 stocks climbed above their 200 day SMA including Tata Teleservices (Maharashtra) Ltd. (76.68, 11.0%) and Jubilant Pharmova Ltd. (1,069.15, 7.6%). 20 stocks slipped below their 200 SMA including Mankind Pharma Ltd. (2,439.20, -3.6%) and CESC Ltd. (168.21, -2.2%).