Trendlyne Marketwatch
Trendlyne Marketwatch
06 Feb 2025
Market closes lower, NMDC's Q3FY25 net profit grows 26.8% YoY to Rs 1,882 crore
By Trendlyne Analysis

 

Nifty 50 closed at 23,603.35 (-93.0, -0.4%) , BSE Sensex closed at 78,058.16 (-213.1, -0.3%) while the broader Nifty 500 closed at 21,672.45 (-111.8, -0.5%). Market breadth is in the red. Of the 2,409 stocks traded today, 1,124 were gainers and 1,257 were losers.

Indian indices closed lower, as investors await the RBI's monetary policy decision on Friday, amid ongoing trade war concerns. The Indian volatility index, Nifty VIX, rose 0.7% and closed at 14.2 points. UNO Minda's net profit grew 20.2% YoY to Rs 232.6 crore in Q3FY25, helped by inventory destocking. Revenue increased 18.7% YoY during the quarter. 

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red, following the benchmark index. Nifty Realty and Nifty Consumer Durables closed lower. According to Trendlyne’s sector dashboard, Retailing emerged as the worst-performing sector of the day, with a fall of 4%.

European indices are trading in the green. Major Asian indices closed mixed. US index futures are trading higher, indicating a positive start to the trading session. Amazon, Eli Lilly, AstraZeneca, Philip Morris International, Honeywell, Bristol Myers Squibb, and ConocoPhillips are set to report their earnings later today.

  • Phoenix Mills sees a short buildup in its February 27 futures series, with open interest increasing by 40.4% and a put-call ratio of 0.5.

  • Voltas is falling as it faces a legal setback in Qatar after the court orders to pay Rs 402 crore in a dispute with the JV of OHL International, Spain, and Contrack, Cyprus (OHL&C). The case, linked to a subcontract agreement, was filed at the Investment and Trade Court in Doha in August 2023.

  • NMDC's Q3FY25 net profit grows 26.8% YoY to Rs 1,882 crore, driven by inventory destocking. Revenue rises 20.8% YoY to Rs 6,942.9 crore, led by improvements in the iron ore, pellet, other minerals, products, and services segments. It features a screener of profit making stocks with high return on capital employed (RoCE) and low PE.

  • MTAR Technologies is rising as it secures orders worth Rs 200 crore across its Clean Energy, Civil Nuclear Power, MNC Aerospace, and Space verticals. These include Rs 157.4 crore in fuel cell orders from Bloom Energy, Rs 2.7 crore in first article orders for energy storage systems from Fluence, Rs 22 crore in civil nuclear power, and Rs 17.9 crore in space and aerospace, including from ISRO and MNC aerospace customers.

  • According to Nuvama Alternative & Quantitative Research, the Nifty 50 reshuffle in March is expected to bring major changes. Zomato and Jio Financial Services are poised to replace state-owned Bharat Petroleum Corporation (BPCL) and Britannia Industries in the benchmark index.

  • MRF is falling as its net profit declines by 39.6% YoY to Rs 306.7 crore in Q3FY25 due to higher raw materials and employee benefits expenses. However, revenue grows by 13.8% YoY to Rs 6,883.2 crore during the quarter. It shows up in a screener of stocks with current prices below short, medium, and long-term moving averages.

  • Avalon Technologies rises to its 5% upper limit as its net profit surges 2.6x YoY to Rs 24 crore in Q3FY25, driven by inventory destocking. Revenue increases 31.1% YoY to Rs 280.9 crore during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Uno Minda's Q3FY25 net profit grows 20.2% YoY to Rs 232.6 crore in Q3FY25, helped by inventory destocking. Revenue rises 18.7% YoY to Rs 4,192.4 crore during the quarter. It features in a screener of stocks with improving cash flow from operations over the past two years.

  • Anuj Jain, MD & CEO of Kansai Nerolac Paints, notes a 1-2% volume growth in the decorative segment in Q3FY25. During the quarter, industrial growth surpassed decorative growth due to higher inflation, which impacted demand. He highlights the company's target to maintain EBITDA margins at approximately 13%.

  • Bharat Dynamics is rising as its net profit grows 9% YoY to Rs 147.1 crore in Q3FY25 due to lower employee benefit expenses and inventory destocking. Revenue increases 38.3% YoY to Rs 832.1 crore during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Reliance Power rises sharply as it posts a net profit of Rs 42 crore in Q3FY25 compared to a net loss of Rs 1,136.8 crore in Q3FY24, helped by lower finance, depreciation & amortisation, generation, and administration expenses. Revenue grows 8% YoY to Rs 2,159.4 crore during the quarter. It appears in a screener of stocks with the highest recovery from their 52-week lows.

  • KPI Green Energy surges to its 5% upper circuit as its revenue grows 38.8% YoY to Rs 458.4 crore in Q3FY25, driven by higher power and solar power plant sales. Net profit rises 68.2% YoY to Rs 85.2 crore during the quarter. It shows up in a screener of stocks where mutual funds increased their shareholding over the past two months.

  • The Defence Ministry is set to sign a contract worth over Rs 10,200 crore with Solar Industries for ammunition for the Pinaka multi-barrel rocket launcher systems. The agreement includes a Rs 5,700 crore deal for high-explosive pre-fragmented ammunition and Rs 4,500 crore for area denial munitions.

  • VRL Logistics is rising as its net profit grows 3.4X YoY to Rs 59.4 crore in Q3FY25 due to lower freight, handling, servicing cost, and finance costs. Revenue increases 12% YoY to Rs 825.2 crore during the quarter. The company appears in a screener of stocks with zero promoter pledges.

  • Azad Engineering rises as it signs a long-term agreement with Rolls-Royce PLC to manufacture critical civil aircraft engine components in India for the entire lifecycle of the engine program.

  • Triveni Engineering & Industries is rising as it signs a memorandum of understanding (MoU) with Rolls-Royce Marine North America to explore opportunities to collaborate on 4MW marine gas turbine generators (GTG) for customers in India. The partnership will focus on design, development, manufacturing, and providing sales and support services for the marine GTGs.

  • According to data from the Federation Of Automobile Dealers Associations (FADA), India’s automobile retail sales rose 7% YoY in January to 22.9 lakh units, driven by strong demand across segments. Two-wheeler sales increased 4% MoM to 15.3 lakh units, while PV sales grew 16% YoY to 4.7 lakh units. Dealers noted improved demand but highlighted that heavy discounting helped clear out older models and boost registrations last year.

  • Redington is rising as its Q3FY25 net profit grows 17.5% YoY to Rs 400.3 crore, owing to inventory destocking and finance costs. Revenue rises 13.7% YoY to Rs 26,764.4 crore, driven by an increase in the Singapore, India & South Asia (SISA) and rest of the world (RoW) markets. It features in a screener of stocks with prices above short, medium, and long-term moving averages.

  • Sula Vineyard falls sharply as its net profit declines 34.7% YoY to Rs 28.1 crore in Q3FY25 due to higher raw materials, inventory, excise duty, employee benefits, and selling, distribution & marketing expenses. Revenue decreases 0.6% YoY to Rs 217.5 crore during the quarter. It appears in a screener of stocks with medium to low Trendlyne momentum scores.

  • HG Infra Engineering is rising as its net profit grows 12.9% YoY to Rs 115.2 crore in Q3FY25 due to lower material costs. However, revenue declines 7.3% YoY to Rs 1,264.8 crore during the quarter. The company appears in a screener of stocks with book value per share improving over the past two years.

  • Praveer Sinha, CEO of Tata Power, announces plans to enter the small modular nuclear reactor market after accessing the government's policy decisions and the possible amendments to the Atomic Energy Act. The company also intends to divest $1 billion(~Rs 8,250 crore) in non-core international assets, focusing on the Indian power sector and expanding its rooftop solar market share.

  • GE Vernova T&D India falls sharply as its Q3FY25 revenue misses Forecaster estimates by 4.9% despite growing 31.7% YoY to Rs 1,099.5 crore due to lower order intake. However, net profit surges 2.9x YoY to Rs 142.7 crore, helped by lower finance and depreciation & amortisation expenses. It shows up in a screener of stocks with degrowth in revenue, net profit, and operating profit margin QoQ.

  • Sagility India is rising sharply as its Q3FY25 net profit surges 3.1x YoY to Rs 216.9 crore owing to lower finance and depreciation & amortisation expenses. Revenue grows 18.3% YoY to Rs 1,497 crore during the quarter. It appears in a screener of stocks outperforming their industries over the past quarter.

  • Data Patterns (India) is falling as its net profit declines 12.4% YoY to Rs 44.7 crore in Q3FY25, driven by higher cost of materials. Revenue decreases 16.1% YoY to Rs 117 crore due to delays in order receipts and deferment of delivery of completed products by a customer during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Welspun Corp is rising as its Q3FY25 net profit surges 131.2% YoY to Rs 674.7 crore due to lower raw material costs. However, revenue declines 23.2% YoY to Rs 3,656.6 crore during the quarter, led by a reduction in sales of steel products. It features in a screener of undervalued growth stocks.

  • Nifty 50 was trading at 23,731.60 (35.3, 0.2%), BSE Sensex was trading at 78,513.36 (242.1, 0.3%) while the broader Nifty 500 was trading at 21,826 (41.8, 0.2%).

  • Market breadth is overwhelmingly positive. Of the 1,908 stocks traded today, 1,337 showed gains, and 526 showed losses.

Riding High:

Largecap and midcap gainers today include GlaxoSmithKline Pharmaceuticals Ltd. (2,260.65, 13.1%), Abbott India Ltd. (29,117, 4.7%) and Sona BLW Precision Forgings Ltd. (533.25, 3.5%).

Downers:

Largecap and midcap losers today include Trent Ltd. (5,277.10, -8.2%), Solar Industries India Ltd. (9,115, -5.6%) and Macrotech Developers Ltd. (1,198.70, -5.5%).

Volume Rockets

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

Top high volume gainers on BSE included GlaxoSmithKline Pharmaceuticals Ltd. (2,260.65, 13.1%), Castrol India Ltd. (210.10, 8.3%) and JK Lakshmi Cement Ltd. (839.45, 7.1%).

Top high volume losers on BSE were Trent Ltd. (5,277.10, -8.2%), Timken India Ltd. (2,717.80, -2.8%) and 360 One Wam Ltd. (1,009.70, -1.9%).

Redington Ltd. (228, 6.4%) was trading at 17.7 times of weekly average. Just Dial Ltd. (884.10, 1.6%) and TTK Prestige Ltd. (747, 4.5%) were trading with volumes 15.5 and 9.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

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

Stocks touching their year highs included - Bajaj Finance Ltd. (8,507.30, 0.0%) and Laurus Labs Ltd. (636.80, 0.9%).

Stocks making new 52 weeks lows included - 3M India Ltd. (28,485.80, 0.0%) and MRF Ltd. (1,13,857.75, -1.0%).

20 stocks climbed above their 200 day SMA including JK Lakshmi Cement Ltd. (839.45, 7.1%) and Abbott India Ltd. (29,117, 4.7%). 11 stocks slipped below their 200 SMA including Phoenix Mills Ltd. (1,615.60, -5.0%) and CCL Products India Ltd. (649.40, -4.6%).

 
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