Trendlyne Marketwatch
Trendlyne Marketwatch
04 Feb 2025
Market closes higher, Asian Paints Q3FY25 revenue falls 6% YoY to Rs 8,549 crore
By Trendlyne Analysis

 

 

Nifty 50 closed at 23,739.25 (378.2, 1.6%) , BSE Sensex closed at 78,583.81 (1397.1, 1.8%) while the broader Nifty 500 closed at 21,727.45 (324.9, 1.5%). Market breadth is overwhelmingly positive. Of the 2,403 stocks traded today, 1,595 were on the uptick, and 771 were down.

Nifty 50 closed higher after rising throughout the day. The Indian volatility index, Nifty VIX, fell 2.3% and closed at 14 points. Godrej Properties surged as its revenue grew 2.9X YoY to Rs 968.9 crore in Q3FY25, driven by improvements in the real estate and hospitality segments.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher, following the benchmark index. BSE Capital Goods and Nifty PSE Index were among the top index gainers today. According to Trendlyne’s sector dashboard, Healthcare Equipment & Supplies emerged as the top-performing sector of the day, with a rise of 4.2%.

Asian indices closed in the green, except for Thailand’s SET and Australia’s S&P/ASX 200, which closed in the red. European indices are trading mixed. US index futures are trading lower as investors assess the impact of escalating trade tensions after China imposed a retaliatory 15% tariff on US coal and liquefied natural gas imports, along with a 10% duty on crude oil, agricultural equipment, and automobiles. Brent crude oil futures are trading lower.

  • Money flow index (MFI) indicates that stocks like Navin Fluorine International, SRF, TVS Motor, and UPL are in the overbought zone.

  • General Insurance Corp of India is rising sharply as its Q3FY25 net profit grows 16.5% YoY to Rs 1,676.6 crore owing to lower employee benefits expenses and a Rs 71.8 crore return from provisions. Revenue increases 1.5% YoY to Rs 10,418.4 crore, driven by improvements in premiums from the fire, motor, engineering, workmen compensation, liability, personal accident, health, and agriculture insurance segments. It features in a screener of stocks with good Trendlyne valuation scores.

  • Asian Paints Q3FY25 revenue falls 6% YoY to Rs 8,549 crore, missing Forecaster estimates by 4.2%, amid muted demand conditions and a weak festive season. Net profit decreases 23.3% YoY to Rs 1,110.5 crore during the quarter. The company appears in a screener of stocks with declining profits every quarter for the past three quarters.

  • Bajaj Electricals is rising as its net profit beats Forecaster estimates by 24.6% despite decreasing 10.7% YoY to Rs 33.4 crore in Q3FY25. Revenue rises 5% YoY to Rs 1,289.7 crore, driven by higher sales from the consumer products segment during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Allied Blenders and Distillers acquires the Pumori gin and Woodburns whiskey brands from Fullarton Distilleries for nearly Rs 40 crore. This acquisition strengthens the company’s position in the premium spirits market, expanding its portfolio and reinforcing its focus on premiumisation.

  • Godrej Properties is rising as its revenue grows 2.9X YoY to Rs 968.9 crore in Q3FY25, helped by improvements in the real estate and hospitality segments. Net profit surges 2.6X YoY to Rs 162.6 crore during the quarter but misses Forecaster estimates by 34.8%. The company shows up in a screener of stocks with improving book value over the past two years.

  • Ujjivan Small Finance Bank (SFB) files an application with the Reserve Bank of India (RBI) for a Universal Banking License following approval from its Board.

  • Eris Lifesciences falls sharply as its net profit declines 18.6% YoY to Rs 83.6 crore in Q3FY25 due to higher raw materials, inventory, employee benefits, finance, and depreciation & amortisation expenses. However, revenue grows 49.2% YoY to Rs 731.7 crore, driven by an improvement in the domestic branded formulations segment. It appears in a screener of stocks with an increasing trend in non-core income.

  • The State Bank of India’s economic research department (ERD) projects that the second round of rate cuts could start in October 2025, following a pause in June 2025. The repo rate will likely decline to 5.8% from the current 6.5%. ERD suggests that the central bank may increasingly use the cash reserve ratio (CRR) as a regulatory intervention tool rather than just as a liquidity tool in the future.

  • Tata Chemicals falls sharply as its revenue declines 3.8% YoY to Rs 3,590 crore in Q3FY25, impacted by the basic chemistry and specialty products segments. The company posts a net loss of Rs 53 crore due to an exceptional items loss of Rs 70 crore, compared to a profit of Rs 158 crore in Q3FY24. It appears in a screener of stocks near their 52-week low.

  • NLC India surges almost 10% as its net profit surges 166.8% YoY to Rs 668.1 crore in Q3FY25. Revenue increases 50.7% YoY to Rs 4,897.9 crore, helped by improvements in the mining and power generation segments. It features in a screener of strong performing under radar stocks.

  • Welspun Enterprises is falling as its net profit misses Forecaster estimates by 21.2% after decreasing marginally YoY to Rs 71.5 crore in Q3FY25. Revenue increases 22.7% YoY to Rs 866.9 crore, driven by higher sales from the water and tunneling & rehabilitation segments during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding over the past two months.

  • Pranav Amin, Managing Director of Alembic Pharmaceuticals, expects the India business to grow in line with the industry initially and later outperform it. He aims to achieve an 18% margin gradually. The management plans to invest in new facilities to boost growth in domestic formulations, while Amin also anticipates continued strong growth in the company’s US business.

  • Gland Pharma falls sharply as its Q3FY25 revenue declines 8.8% YoY to Rs 1,442.5 crore due to lower sales in the USA, Europe, and Indian markets. However, net profit grows 6.7% YoY to Rs 204.7 crore, driven by reduced raw materials, inventory, power & fuel, and depreciation & amortisation expenses. It shows up in a screener of stocks with declining return on capital employed (RoCE) in the past two years.

  • Aditya Birla Capital falls sharply, as its net profit declines 3.8% YoY to Rs 708 crore in Q3FY25 due to higher finance costs, employee benefits, and policyholders' life insurance expenses. However, revenue grows 9.3% YoY to Rs 9,381.4 crore, helped by improvements in the NBFC, life insurance, and health insurance segments. The company features in a screener of stocks underperforming their industry price change over the past quarter.

  • Garden Reach Shipbuilders & Engineers is falling as its net profit misses Forecaster estimates by 6.6% despite growing 11.3% YoY to Rs 98.2 crore in Q3FY25 due to lower sub-contracting expenses. Revenue increases 37.7% YoY to Rs 1,271 crore during the quarter. The company appears in a screener of stocks with improving ROE over the past two years.

  • Sumant Kathpalia, CEO of IndusInd Bank, states the bank will wait 1-2 more quarters before confirming the stabilization of its Microfinance Institution (MFI) business. He adds that the credit card book will take 2-3 quarters to stabilize, while forward flows in the microfinance book have already steadied. Kathpalia expects the vehicle finance segment to deliver its best performance in Q4FY25.

  • Dr. Agarwal's Health Care’s shares make a flat debut on the bourses at Rs 402. The Rs 3,027.3 crore IPO received bids for 1.6 times the total shares on offer.

  • Gateway Distriparks rises sharply as its Q3FY25 net profit surges 7.2x YoY to Rs 455.4 crore, owing to lower finance costs and a fair value gain of Rs 390.8 crore from the acquisition of Snowman Logistics. Revenue grows 3.1% YoY to Rs 407 crore, led by an improvement in the cold-chain logistics and distribution segment. It appears in a screener of newly affordable stocks with good financials and durability.

  • Larsen & Toubro is rising as its Minerals & Metals (M&M) business secures an order worth Rs 5,000-10,000 crore from a steel producer in the Middle East & North Africa (MENA) region. The order involves designing, supplying, and constructing a pellet plant and a direct reduction of iron (DRI) plant.

  • Morgan Stanley maintains an 'Overweight' rating on Maruti Suzuki India with a target price of Rs 14,942. The brokerage notes the company’s new 'Jimny' model bookings exceeded 50,000 within four days of its launch on January 30. Maruti's export volumes constitute 15% of total sales, compared to 18% in Q3FY25. It expects the 8th Pay Commission salary hike to boost first-time buyers in FY27.

  • Castrol India rises sharply as its Q3FY25 net profit grows 12.2% YoY to Rs 271.4 crore. Revenue increases 7.1% YoY to Rs 1,377.1 crore during the quarter. It features in a screener of stocks with dividend yields greater than their sector dividend yield.

  • Premier Energies rises sharply as its net profit surges 5.9x YoY to Rs 255.2 crore in Q3FY25. Revenue grows 2.5x YoY to Rs 1,749.4 crore, helped by new order bookings worth Rs 224 crore during the quarter. It features in a screener of stocks where FIIs have increased shareholding.

  • KEC International is falling as its net profit misses Forecaster estimates by 19.3% despite growing 33.8% YoY to Rs 129.6 crore in Q3FY25 due to lower finance costs and sub-contracting expenses. Revenue increases 6.8% YoY to Rs 5,349.4 crore during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Power Grid Corp of India is falling as its Q3FY25 net profit declines 4.1% YoY to Rs 3,861.6 crore due to higher tax expenses. Revenue decreases marginally by 0.6% YoY to Rs 11,743.1 crore, caused by a reduction in the transmission segment. It shows up in a screener of stocks with declining net cash flow.

  • The market opened on an upbeat note. Nifty 50 was trading at 23,502.70 (141.7, 0.6%), BSE Sensex was trading at 77,678.56 (491.8, 0.6%) while the broader Nifty 500 was trading at 21,587.25 (184.7, 0.9%).

  • Market breadth is highly positive. Of the 1,929 stocks traded today, 1,592 were on the uptrend, and 297 went down.

Riding High:

Largecap and midcap gainers today include ABB India Ltd. (5,629.55, 8.3%), Hindustan Aeronautics Ltd. (3,729.75, 5.7%) and Cummins India Ltd. (2,853.50, 5.7%).

Downers:

Largecap and midcap losers today include Trent Ltd. (5,750.30, -6.3%), ITC Hotels Ltd. (163.74, -4.5%) and Bajaj Holdings & Investment Ltd. (11,735.85, -3.8%).

Volume Shockers

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

Top high volume gainers on BSE included Aegis Logistics Ltd. (758.75, 12.0%), Techno Electric & Engineering Company Ltd. (1,107.45, 11.7%) and Nuvama Wealth Management Ltd. (5,695, 11.5%).

Top high volume losers on BSE were Triveni Turbine Ltd. (573.55, -9.5%), Zydus Wellness Ltd. (1,782.60, -4.1%) and Gland Pharma Ltd. (1,458.55, -3.7%).

NLC India Ltd. (227.74, 7.8%) was trading at 32.9 times of weekly average. Procter & Gamble Hygiene & Healthcare Ltd. (14,485.05, -0.9%) and Castrol India Ltd. (187.89, 6.5%) were trading with volumes 15.1 and 11.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

4 stocks overperformed with 52 week highs, while 5 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Bajaj Finance Ltd. (8,475.35, 0.6%), Mahindra & Mahindra Ltd. (3,189.05, 0.5%) and SRF Ltd. (2,970.25, 0.9%).

Stocks making new 52 weeks lows included - 3M India Ltd. (28,756.15, -2.4%) and Kajaria Ceramics Ltd. (959.85, -2.4%).

20 stocks climbed above their 200 day SMA including Aegis Logistics Ltd. (758.75, 12.0%) and Cholamandalam Investment & Finance Company Ltd. (1,394.90, 4.3%). 20 stocks slipped below their 200 SMA including Kirloskar Brothers Ltd. (1,839.35, -3.9%) and Bata India Ltd. (1,368.35, -3.3%).

 
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