Trendlyne Marketwatch
Trendlyne Marketwatch
11 Feb 2025
Market closes lower, NBCC bags orders worth Rs 272 crore from the University of Punjab
By Trendlyne Analysis

 

 

Nifty 50 closed at 23,071.80 (-309.8, -1.3%) , BSE Sensex closed at 76,293.60 (-1,018.2, -1.3%) while the broader Nifty 500 closed at 20,950.45 (-420.9, -2.0%). Market breadth is highly negative. Of the 2,423 stocks traded today, 192 showed gains, and 2,217 showed losses.

Indian indices closed in the red. Investors saw a loss of Rs 9 lakh crore as the Sensex plunged more than 1,000 points. Key factors contributing to the decline included Trump's tariff hike on steel and aluminum, weak earnings, and foreign investor sell-offs. The Indian volatility index, Nifty VIX, rose 2.9% and closed at 14.9 points. Escorts Kubota’s Q3FY25 net profit missed Forecaster estimates by 0.3% despite growing 7.4% YoY to Rs 320.6 crore owing to lower inventory and finance costs. Revenue increased 8.1% YoY to Rs 3,057.9 crore.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red, following the benchmark index. S&P BSE SME IPO and Nifty Microcap 250 were among the top index losers today. According to Trendlyne’s Sector dashboard, Telecommunications Equipment emerged as the worst-performing sector of the day, with a fall of 4.4%.

Asian indices closed lower, while European indices are trading mixed. US index futures traded in the red, indicating a cautious start to the trading session. McDonald's surged over 4% following stronger-than-expected Q4 global comparable sales, despite a decline in US sales due to the aftermath of an E. coli outbreak last year, which was traced to one of its burgers. Brent crude oil futures are trading in the green. Meanwhile, BP's Q4 profit dropped to $1.2 billion, the lowest in four years, as weak margins impacted its refining business.

  • Eicher Motors sees a short buildup in its February 27 futures series, with open interest increasing by 24.1% and a put-call ratio of 0.9.

  • Cera Sanitaryware is falling as its net profit declines 10% YoY to Rs 45.8 crore in Q3FY25 due to higher raw materials and employee benefit expenses. However, revenue increases 3.1% YoY to Rs 452.3 crore during the quarter. The company features in a screener of stocks with improving cash flow from operations over the past two years.

  • Schneider Electric Infrastructure's revenue rises 15.2% YoY to Rs 857.2 crore in Q3FY25. Net profit surges 103.5% YoY to Rs 110.5 crore due to gains from exceptional items. The company features in a screener of stocks with increasing net profit and profit margin (QoQ).

  • NBCC (India) bags two orders worth Rs 272.3 crore from the Central University of Punjab and Navodaya Vidyalaya Samiti (NVS). The former order involves planning, designing, and developing infrastructure at The Central University of Punjab, while the latter includes the construction of a regional office building and central covered courtyards in Assam; and MP halls in Meghalaya and Nagaland. The company also completes the sale of 1,233 units of ASPIRE Golf Homes Amrapali Projects in Noida for a total value of Rs 3,217 crore.

  • Bharat Dynamics signs an initial supply agreement with Thales UK for Laser Beam Riding Man Portable Air Defence Systems (LBRM) to meet the Indian Government's requirement to support India's air defence capabilities. The deal also includes the supply of High Velocity Missiles (STARStreak) and launchers this year.

  • Genus Powers Infrastructures' revenue surges 2.3X to Rs 604.2 crore in Q3FY25, driven by an improvement in the metering business. The company posts a net profit of Rs 56.7 crore during the quarter compared to a Rs 10 crore loss in Q3FY24, helped by a deferred tax credit of Rs 6.8 crore. It appears in a screener of stocks with book value per share improving over the past two years.

  • Gujarat State Fertilizers & Chemicals' Q3FY25 net profit grows 13.4% YoY to Rs 133.9 crore, owing to lower inventory and power & fuel expenses. Revenue rises 37.4% YoY to Rs 2,870 crore, driven by improvements in the fertiliser products and industrial products segments. It features in a screener of stocks with dividend yields greater than their sector dividend yield.

  • Chalet Hotels' board approves the acquisition of Mahananda Spa and Resorts, a wholly owned subsidiary of Mankind Pharma and the owning entity of The Westin Resort & Spa, Himalayas, for an enterprise value of Rs 530 crore. The acquisition aims to expand the company's presence in India’s luxury and leisure segment.

  • Bajaj Group reportedly plans to make an initial investment of Rs 10,000 crore ($1.1 billion) to establish a network of hospitals across India. The conglomerate will invest the amount in phases to develop a chain of affordable, high-quality hospitals and healthcare facilities.

  • Devyani International falls sharply as it posts a net loss of Rs 50 lakh in Q3FY25 compared to a profit of Rs 9.6 crore in Q3FY24 due to higher raw materials, employee benefits and tax expenses. However, revenue increases 53.5% YoY to Rs 1,294.4 crore during the quarter. It features in a screener of stocks where mutual funds decreased their shareholding in the last quarter.

  • Grasim Industries is rising as its Q3FY25 revenue beats Forecaster estimates by 2% after growing 26.1% YoY to Rs 8,221.8 crore, led by improvements in the cellulosic fibres and chemicals segments. However, it posts a net profit of Rs 168.7 crore during the quarter compared to Rs 236.3 crore in Q3FY24 due to higher raw materials, inventory, employee benefits, finance, depreciation & amortisation, and power & fuel expenses. It appears in a screener of stocks with PEG lower than their industry average PEG.

  • Bondada Engineering receives an order worth Rs 228.2 crore from South Central Railways for ground infrastructure works. The project includes installing Kavach, a 4G LTE-R high-density network, and pile foundations for towers.

  • JM Financial anticipates that Paytm is a strong candidate for inclusion in the MSCI index during its rejig tomorrow, which could attract around $169 million (approximately Rs 1,400 crore) in inflows. The brokerage identifies Coforge, Fortis Healthcare, IndusInd Bank and Coromandel International as potential high-probability inclusions in the MSCI India Standard Index.

  • Patanjali Foods' Q3FY25 net profit grows 20.1% YoY to Rs 370.9 crore, helped by inventory destocking. Revenue increases 15.1% YoY to Rs 9,103.1 crore during the quarter, attributed to an improvement in the edible oils segment. It features in a screener of stocks with rising net profit margins (QoQ and TTM).

  • Escorts Kubota falls sharply as its Q3FY25 net profit misses Forecaster estimates by 0.3% despite growing 7.4% YoY to Rs 320.6 crore owing to lower inventory and finance costs. Revenue increases 8.1% YoY to Rs 3,057.9 crore due to improvements in the agri machinery products and construction equipment segments. It shows up in a screener of stocks with declining net cash flow.

  • FSN E-Commerce Ventures (Nykaa) is rising as its net profit surges 61.4% YoY to Rs 26.1 crore in Q3FY25 due to lower materials cost. Revenue increases 26.7% YoY to Rs 2,267.2 crore during the quarter, driven by higher sales from the beauty and fashion segments. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • CLSA upgrades Muthoot Finance to an 'Outperform' rating with a higher target price of Rs 2,400. The brokerage highlights strong momentum in the gold loan segment during 9MFY25 despite challenges in personal loans. Muthoot Finance saw a 31% YoY growth, benefiting from restrictions on competitors. The brokerage raises its FY25-27 earnings forecast by 1-4%, driven by higher loan growth expectations.

  • Sansera Engineering falls sharply as its Q3FY25 revenue misses Forecaster estimates by 5.4% despite rising 2.1% YoY to Rs 727.8 crore, owing to improvements in the auto tech-agnostic & xEV segment. Net profit increases 16% YoY to Rs 55.7 crore, driven by inventory destocking and lower tax expenses. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Bata India is rising as its net profit grows 1.3% YoY to Rs 58.7 crore in Q3FY25 due to lower raw material costs. Revenue increases 1.7% YoY to Rs 918.8 crore during the quarter, driven by higher sales from its premium offerings (Hush Puppies) segment. The company appears in a screener of stocks with zero promoter pledges.

  • Ashoka Buildcon is rising as its net profit surges 6.8x YoY to Rs 654.5 crore in Q3FY25, helped by a deferred tax return of Rs 406.2 crore and lower raw materials, finance, and depreciation & amortisation expenses. However, revenue declines 10.1% YoY to Rs 2,426.4 crore, driven by a reduction in the construction & contract and build, operate & transfer (BOT) projects segments. It appears in a screener of profit making stocks with high return on capital employed (RoCE) and low PE.

  • K Natarajan, Managing Director of Galaxy Surfactants, projects a 4% volume growth in FY25. He highlights the company saw a volume dip of 7% in India operations and 1% globally during Q3FY25. Natarajan expects fatty alcohol prices to decline as new supply enters the market.

  • Crisil is falling as its net profit misses Forecaster estimates by 14.2% despite rising 6.9% YoY to Rs 224.7 crore in Q3FY25, driven by lower employee benefit expenses. Revenue decreases marginally YoY to Rs 912.9 crore during the quarter due to lower sales from the ratings services segment. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Apollo Hospitals Enterprise's Q3FY25 net profit grows 51.8% YoY to Rs 372.3 crore owing to inventory destocking and lower finance costs. Revenue jumps 14.6% YoY to Rs 5,590.7 crore, led by improvements in healthcare services, retail health & diagnostics, and digital health & pharmacy distribution. It features in a screener of stocks with increasing revenue for the past eight quarters.

  • National Aluminium Company is rising as its net profit surges 2.3X YoY to Rs 1,566.3 crore in Q3FY25 due to lower employee benefits expenses, material, and finance costs. Revenue increases 39.3% YoY to Rs 4,662.2 crore during the quarter, driven by higher sales realisation in Alumina & Metal. The company appears in a screener of stocks with book value per share improving over the last two years.

  • Eicher Motors falls sharply as its Q3FY25 net profit misses Forecaster estimates by 1.2% despite growing 17.5% YoY to Rs 1,170.5 crore, driven by lower inventory and tax expenses. Revenue increases 18.7% YoY to Rs 5,261.9 crore, helped by higher two-wheeler and commercial vehicle sales. It shows up in a screener of stocks where promoters are decreasing their shareholding.

  • Nifty 50 was trading at 23,347.90 (-33.7, -0.1%), BSE Sensex was trading at 77,287.64 (-24.2, 0.0%) while the broader Nifty 500 was trading at 21,274.45 (-96.9, -0.5%).

  • Market breadth is sharply down. Of the 1,954 stocks traded today, 448 were on the uptick, and 1,455 were down.

Riding High:

Largecap and midcap gainers today include Oil India Ltd. (412.20, 1.7%), Adani Power Ltd. (498.15, 1.4%) and Adani Enterprises Ltd. (2,321.75, 1.4%).

Downers:

Largecap and midcap losers today include UNO Minda Ltd. (986.50, -8.1%), PB Fintech Ltd. (1,539.30, -7.4%) and Eicher Motors Ltd. (4,972.35, -6.8%).

Movers and Shakers

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

Top high volume gainers on BSE included Happiest Minds Technologies Ltd. (705.10, 5.9%), Timken India Ltd. (2,818.15, 5%) and Crisil Ltd. (5,349.20, 4.7%).

Top high volume losers on BSE were HBL Engineering Ltd. (481.95, -8.9%), Piramal Pharma Ltd. (204.28, -7.7%) and Eicher Motors Ltd. (4,972.35, -6.8%).

FSN E-Commerce Ventures Ltd. (166.83, -1.5%) was trading at 7.1 times of weekly average. Adani Enterprises Ltd. (2,321.75, 1.4%) and Sterling and Wilson Renewable Energy Ltd. (295.35, -5.8%) were trading with volumes 6.9 and 6.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

1 stock took off, crossing 52 week highs, while 65 stocks were underachievers and hit their 52 week lows.

Stock touching their year highs included - Kotak Mahindra Bank Ltd. (1,918.60, -2.1%).

Stocks making new 52 weeks lows included - Astral Ltd. (1,415.15, -2.2%) and Bayer Cropscience Ltd. (4,787.80, -1.5%).

2 stocks climbed above their 200 day SMA including Star Cement Ltd. (204.14, 0.8%) and CCL Products India Ltd. (608.65, -4.8%). 52 stocks slipped below their 200 SMA including Godfrey Phillips India Ltd. (5,125.95, -8.2%) and UNO Minda Ltd. (986.50, -8.1%).

 
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