Trendlyne Marketwatch
Trendlyne Marketwatch
31 Jan 2025
Market closes higher, Marico's net profit grows 4.2% YoY to Rs 399 crore in Q3FY25
By Trendlyne Analysis

 

 

Nifty 50 closed at 23,508.40 (258.9, 1.1%) , BSE Sensex closed at 77,500.57 (740.8, 1.0%) while the broader Nifty 500 closed at 21,580.90 (283.4, 1.3%). Market breadth is ticking up strongly. Of the 2,406 stocks traded today, 1,728 were gainers and 641 were losers.

Indian indices closed in the green, with the benchmark Nifty 50 index closing at 23,508.4 points. The Indian volatility index, Nifty VIX, declined 6.6% and closed at 16.3 points. The 2025 Economic Survey forecasted India's FY26 GDP growth at 6.3-6.8%. As of December 2024, India's foreign exchange reserves totaled $640.3 billion (approximately Rs 47.6 lakh crore).

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, following the benchmark index. BSE Cap Goods and S&P BSE Industrials were among the top index gainers today. According to Trendlyne’s Sector dashboard, General Industrials emerged as the best-performing sector of the day, with a rise of 3.2%.

Asian indices closed mixed, while European indices are trading in the green. US index futures traded in the green, indicating a positive start to the trading session. Brent crude oil futures are trading in the red. Investors are awaiting US PCE inflation data for insights on interest rate direction. The dollar strengthened in anticipation, driven further by Trump’s 100% tariff threat on BRICS nations, including China, and his confirmation of 25% tariffs on Canada and Mexico from Saturday.

  • Relative strength index (RSI) indicates that SRF is in the overbought zone.

  • Marico's net profit grows 4.2% YoY to Rs 399 crore in Q3FY25, driven by inventory destocking and lower finance costs. Revenue rises 15.1% YoY to Rs 2,836 crore owing to improvements in the domestic and international markets. It appears in a screener of stocks near their 52-week highs with significant volumes.

  • Vodafone Idea receives a penalty order of Rs 363.3 crore under Section 74 of the Central Goods and Services Tax Act, 2017, issued by the Joint Commissioner, Central Tax, Pune-II Commissionerate.

  • Nestle India rises sharply as its net profit grows 5% YoY to Rs 688 crore in Q3FY25. Revenue rises 3.9% YoY to Rs 4,779.7 crore, owing to improvements in the e-commerce, organised trade, and out-of-home (OOH) segments. It shows up in a screener of stocks with increasing return on capital employed (RoCE) over the last two years.

  • The 2025 Economic Survey forecasts India's FY26 GDP growth at 6.3-6.8%. It highlights that the current account deficit was 1.2% of GDP in Q2FY25. As of December 2024, India's foreign exchange reserves totaled $640.3 billion (approximately Rs 47.6 lakh crore).

  • Jubilant Pharmova's net profit grows 51% YoY to Rs 100.9 crore in Q3FY25 owing to lower inventory, employee benefits, finance, and depreciation & amortisation expenses. Revenue increases 6.9% YoY to Rs 1,830.9 crore, driven by improvements in the radiopharma, allergy immunotherapy contract development & manufacturing organisation (CDMO), and contract research, development & manufacturing organisation (CRDMO) segments. It features in a screener of stocks with high momentum scores.

  • Punjab National Bank is rising as its net profit doubles YoY to Rs 4,508.2 crore in Q3FY25 due to higher income and lower provisions. Revenue increases 16% YoY to Rs 34,751.7 crore, driven by improvements in the treasury, wholesale, and retail banking segments. The bank's asset quality improves as its gross and net NPAs contract by 215 bps and 55 bps YoY, respectively, during the quarter.

  • Shree Cements' Q3FY25 net profit plunges 72.4% YoY to Rs 193.4 crore due to higher inventory, employee benefits, freight & forwarding, and depreciation & amortisation expenses. Revenue declines 12.3% YoY to Rs 4,683.5 crore during the quarter. It shows up in a screener of stocks with expensive valuations according to Trendyne valuation scores.

  • The Economic Survey, presented by Finance Minister Nirmala Sitharaman, highlights that supply chain issues and extreme weather caused food inflation, but efforts to stabilize prices are proving effective. The Reserve Bank of India and IMF project India will bring inflation closer to 4% by FY26, easing the burden on households and supporting economic stability.

  • HCL Technologies and Microsoft partner with Cricket Australia to improve fan experience using generative AI in the Cricket Australia Live app. The new AI Insights feature delivers real-time text updates, highlighting key events, player performances, and milestones beyond live scores and commentary.

  • Waaree Energies is surging as its Q3FY25 net profit jumps 4x YoY to Rs 492.7 crore. Revenue grows 114.6% YoY to Rs 3,545.3 crore, attributed to improvements in the solar photovoltaic modules and engineering, procurement & construction (EPC) contract segments. It appears in a screener of stocks with low debt.

  • Wockhardt surges to its 10% upper circuit as its flagship drug, Zaynich, achieves a 97% efficacy in a global phase-III trial for complicated urinary tract infections. The drug also showed effectiveness against meropenem-resistant infections, including ventilator-associated bacterial pneumonia.

  • Defence stocks like Hindustan Aeronautics, Bharat Electronics, and Bharat Dynamics are rising ahead of the 2025 Union Budget. Amey Belorkar, Fund Manager at IDBI Capital, expects the budget to boost India’s self-reliance in defence and aerospace. He notes that focusing on emerging fields like UAS (unmanned aerial systems), advanced materials, cyber defence, and space tech could attract significant private investment.

  • Tata Consumer Products rises sharply as its revenue grows 17.1% YoY to Rs 4,495.2 crore in Q3FY25, led by improvements in the domestic and international markets. However, net profit remains flat at Rs 278.9 crore as higher raw materials, inventory, employee benefits, finance, and depreciation & amortisation expenses offset the revenue growth. It features in a screener of stocks outperforming their industries over the past week.

  • Paradeep Phosphates is rising as it signs a memorandum of understanding (MoU) with the Government of Odisha to invest Rs 4,000 crore over five years. The investment aims to expand fertilizer production, integrate key raw materials, and improve sustainability in the sector.

  • PB Fintech rises as its revenue grows 48.3% YoY to Rs 1,291.6 crore in Q3FY25, driven by improvements in insurance brokerage services. Net profit surges 88% YoY to Rs 71.5 crore during the quarter. It appears in a screener of stocks outperforming their industry price change over the past quarter.

  • Ved Goel, CFO of Dr. Lal PathLabs, highlights that Q3 is generally a weaker quarter for the company due to seasonal factors. However, SwasthFit's strong growth and positive market response are helping drive the company forward. He notes that competition has stabilized over the past 3-4 quarters. Additionally, revenue per patient is rising while sample revenue remains steady. Goel affirms that the company has no plans for price hikes in the near future.

  • Container Corp of India falls to its 52-week low of Rs 704.6 per share as its Q3FY25 revenue remains flat at Rs 2,304 crore, missing Forecaster estimates by 2.7% due to a reduction in the export-import business. However, net profit rises 10.9% YoY to Rs 366.7 crore, driven by lower rail freight and depreciation & amortisation expenses. It shows up in a screener of stocks with declining net cash flow.

  • Ircon International is rising as its joint venture with AMRIL secures an order worth Rs 631.2 crore from the Public Works Department (PWD), Manipur. The contract includes road construction and drainage work in the Imphal East Division.

  • Larsen & Toubro is rising sharply as its Q3FY25 net profit grows 14% YoY to Rs 3,358.8 crore. Revenue increases 17.3% YoY to Rs 65,635.7 crore, driven by improvements in the infrastructure projects, energy projects, hi-tech manufacturing, IT & technology services, financial services, and development projects segments. It features in a screener of stocks with the highest FII holdings.

  • Vahan data shows that Ola Electric has regained its lead in India's electric two-wheeler market with a 25% share in January 2025, registering 22,656 units, up 65% MoM. This surge is driven by the strong S1 portfolio, expanded sales and service network, and the upcoming Gen 3 platform.

  • Jindal Steel & Power plunges as its net profit declines 50.7% YoY to Rs 950.5 crore in Q3FY25 due to higher inventory and depreciation & amortisation expenses. However, revenue grows marginally by 0.3% YoY to Rs 11,777.1 crore, helped by an improvement in steel producton. It appears in a screener of stocks with high promoter pledges.

  • Kalyan Jewellers India rises sharply as its net profit grows 21.2% YoY to Rs 218.8 crore in Q3FY25. Revenue increases 39.5% YoY to Rs 7,286.9 crore, driven by higher demand during the festive and wedding seasons. The company appears in a screener of stocks with improving return on equity (ROE) over the past two years.

  • Biocon's Q3FY25 net profit plunges 96.2% YoY to Rs 25.1 crore due to higher inventory, employee benefits, and depreciation & amortisation expenses. Revenue declines 14.7% YoY to Rs 3,856.2 crore, impacted by the generics and biosimilars segments. It shows up in a screener of stocks with growing costs YoY for long-term projects.

  • Bank of Baroda's net profit rises 8.9% YoY to Rs 4,837.3 crore in Q3FY25. Revenue increases 8.1% YoY to Rs 30,907.6 crore, driven by improvements in the treasury, corporate, and retail banking segments. The bank's asset quality improves as its gross and net NPAs contract by 65 bps and 11 bps YoY, respectively, during the quarter.

  • Nifty 50 was trading at 23,305.75 (56.3, 0.2%) , BSE Sensex was trading at 76,888.89 (129.1, 0.2%) while the broader Nifty 500 was trading at 21,343.65 (46.2, 0.2%)

  • Market breadth is in the green. Of the 1,919 stocks traded today, 1,204 were in the positive territory and 661 were negative.

Riding High:

Largecap and midcap gainers today include Rail Vikas Nigam Ltd. (476.30, 9.0%), NHPC Ltd. (80.55, 6.7%) and UPL Ltd. (603.75, 6.5%).

Downers:

Largecap and midcap losers today include Jindal Steel & Power Ltd. (791.55, -5.8%), Bank of Baroda (213.39, -4.1%) and Divi's Laboratories Ltd. (5,577.70, -2.8%).

Volume Shockers

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

Top high volume gainers on BSE included Kalyan Jewellers India Ltd. (503.10, 14.2%), Jupiter Wagons Ltd. (400.65, 12.6%) and Ircon International Ltd. (221.43, 9.2%).

Top high volume losers on BSE were Whirlpool of India Ltd. (1,139.80, -9.6%), Vedant Fashions Ltd. (933.80, -9.2%) and Jindal Steel & Power Ltd. (791.55, -5.8%).

Mahindra Holidays & Resorts India Ltd. (339.45, 5.2%) was trading at 15.4 times of weekly average. Navin Fluorine International Ltd. (4,148.70, 6.2%) and Container Corporation of India Ltd. (780.10, 3.2%) were trading with volumes 15.3 and 6.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

4 stocks hit their 52 week highs, while 7 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - SRF Ltd. (2,809.85, -0.8%), UPL Ltd. (603.75, 6.5%) and Zensar Technologies Ltd. (870, 1.2%).

Stocks making new 52 weeks lows included - Bank of Baroda (213.39, -4.1%) and Can Fin Homes Ltd. (667.70, 2.1%).

29 stocks climbed above their 200 day SMA including Rail Vikas Nigam Ltd. (476.30, 9.0%) and Anant Raj Ltd. (598.30, 6.6%). 7 stocks slipped below their 200 SMA including JK Lakshmi Cement Ltd. (804.10, 0.4%) and Aavas Financiers Ltd. (1,712.80, 0.5%).

 
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