Trendlyne Marketwatch
Trendlyne Marketwatch
12 Feb 2025, 04:14PM
Market closes flat, Aegis Logistics' revenue falls 8.9% YoY to Rs 1,707 crore in Q3FY25
By Trendlyne Analysis

 

Nifty 50 closed at 23,045.25 (-26.6, -0.1%), BSE Sensex closed at 76,171.08 (-122.5, -0.2%) while the broader Nifty 500 closed at 20,907.85 (-42.6, -0.2%). Market breadth is in the red. Of the 2,419 stocks traded today, 897 were on the uptrend, and 1,489 went down.

Indian indices closed flat, with the benchmark Nifty 50 index closing at 23,045.3 points. The Indian volatility index, Nifty VIX, rose 0.1% and closed at 14.9 points. Bharat Heavy Electricals secured a letter of intent (LoI) from Damodar Valley Corp for a Rs 6,200 crore steam generator island package at the 2x660 MW Raghunathpur thermal power station phase-II in West Bengal.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red. Nifty Metal and Nifty PSU Bank closed higher. According to Trendlyne’s sector dashboard, Healthcare Equipment & Supplies emerged as the worst-performing sector of the day, with a fall of 2.2%.

European indices are trading mixed. Major Asian indices closed flat or higher. US index futures are trading mixed, indicating a cautious start to the trading session, as markets await the consumer price index (CPI) inflation print scheduled for release later today. CPI inflation is expected to rise 2.9% YoY in January, matching December's pace, while it is seen cooling to 0.3% from 0.4% on a MoM basis.

  • Relative strength index (RSI) indicates that stocks like Bosch and Whirlpool of India are in the oversold zone.

  • Aegis Logistics' revenue falls 8.9% YoY to Rs 1,707 crore in Q3FY25 due to lower sales in the gas terminal division. Net profit declines 4.5% YoY to Rs 124.3 crore during the quarter. It features in a screener of stocks where mutual funds decreased their shareholding in the last quarter.

  • Patel Engineering is rising sharply as its net profit grows 18.4% YoY to Rs 81.5 crore in Q3FY25, helped by reduced finance costs. Revenue increases 17.6% YoY to Rs 1,265.1 crore, driven by improvements in the civil construction and real estate segments. It appears in a screener of newly affordable stocks with good financials and durability.

  • Suzlon Energy secures a 201.6 MW wind energy order from Oyster Renewable in Madhya Pradesh. The project includes supplying 64 units of S144 wind turbine generators with Hybrid Lattice Towers, each with a capacity of 3.2 MW.

  • Infosys plans to issue salary increment letters by the end of February, with hikes ranging from 5-8%, effective April 2025. The company has also issued promotion letters in batches since December, reflecting a strategic response to the anticipated rise in technology budgets for the upcoming fiscal year.

  • Power Finance Corp's Q3FY25 net profit grows 23% YoY to Rs 4,154.9 crore, owing to decreasing impairment of financial instruments and transaction exchange gains. Revenue rises 10.1% YoY to Rs 13,043.7 crore during the quarter. It features in a screener of stocks with increasing revenue for the past eight quarters.

  • BEML signs a strategic partnership with South Korea’s STX Engine to co-develop, manufacture, and market battle tank and marine engines, along with spares and components. BEML will focus on localisation, optimising production, and enhancing India’s self-reliance in defence manufacturing.

  • MOIL is rising as its net profit grows 17.7% YoY to Rs 63.7 crore in Q3FY25, helped by lower material costs. Revenue increases 19.8% YoY to Rs 366.8 crore during the quarter, driven by higher sales from the mining and manufactured products segments. The company appears in a screener of stocks with book value per share improving over the last two years.

  • Manish Gulati, Executive Director at HEG, highlights that the company’s Q3FY25 realizations declined 5% QoQ but anticipates an improvement in the coming quarters. He notes that steel production has remained stagnant, particularly in Europe. Gulati projects production volumes at 80,000 tonnes by FY25 and expects margins to improve by FY26.

  • Steel Authority of India (SAIL) rises sharply as its Q3FY25 net profit of Rs 141.9 crore beats Forecaster estimates of a net loss of Rs 20.8 crore despite plunging 66.4% YoY due to higher inventory, finance, and depreciation & amortisation expenses. However, revenue grows 4.9% YoY to Rs 24,489.9 crore, led by improvements in the Bhilai, Durgapur, and alloy steel plants. It features in a screener of strong-performing, under-radar stocks.

  • TVS Motor signs a memorandum of understanding (MoU) with the Karnataka Government to invest Rs 2,000 crore over five years to set up a global capability centre and expand Mysuru operations. The investment includes the development of a new test track and upgraded office infrastructure.

  • Bayer Cropscience falls to its new 52-week low of Rs 4,402 as its net profit declines 63.3% YoY to Rs 34.2 crore in Q3FY25 due to higher materials cost. However, revenue increases 10.7% YoY to Rs 1,056.9 crore during the quarter, driven by growth in the corn business. The company appears in a screener of stocks with declining profits every quarter for the past two quarters.

  • Angan Guha, CEO of Birlasoft, highlights that the company’s Q3FY25 revenue was affected by an increase in furloughs, up 150 bps QoQ, especially in the life sciences and manufacturing segments. He projects a muted Q4 due to project rampdowns and extended furloughs. Guha expects the company to reach a 15% EBITDA margin within four quarters.

  • EIH's Q3FY25 net profit grows 20.6% YoY to Rs 264.5 crore. Revenue rises 8% YoY to Rs 831.2 crore during the quarter. The company shows up in a screener of stocks with improving return on equity (RoE) over the past two years.

  • Bharat Heavy Electricals secures a letter of intent (LoI) from Damodar Valley Corp for a Rs 6,200 crore steam generator island package at the 2x660 MW Raghunathpur thermal power station phase-II in West Bengal.

  • Kirloskar Oil Engines falls to its new 52-week low of Rs 691 as its net profit declines 20.6% YoY to Rs 71.3 crore in Q3FY25 due to higher finance costs and employee benefit expenses. However, revenue increases 4.6% YoY to Rs 1,453.7 crore during the quarter, driven by higher sales from the B2B and financial services segments. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Mutual Funds' net inflows rise to Rs 1,87,551 crore in January, compared to outflows of Rs 80,355 crore in December 2024, according to data released by the Association of Mutual Funds in India (AMFI). Meanwhile, equity inflows increase to Rs 39,688 crore in January, compared to Rs 1,156 crore last month.

  • HG Infra Engineering's joint venture (JV) with DEC Infrastructure & Projects secures a Rs 2,195.7 crore contract from the Rail Land Development Authority (RLDA) to redevelop the New Delhi Railway Station. The project is awarded under the engineering, procurement, and construction (EPC) mode and includes station infrastructure upgrades, set for completion in 45 months.

  • Lupin's Q3FY25 net profit jumps 39.5% YoY to Rs 855.2 crore, driven by lower raw materials, inventory, and finance costs. Revenue grows 11% YoY to Rs 5,767.7 crore owing to a rise in sales in the North American, Indian, and Europe, Middle East & Africa (EMEA) markets. It features in a screener of stocks with improving cash flow from operations over the past two years.

  • Jupiter Wagons secures a letter of acceptance (LoA) worth Rs 600 crore from Ambuja Cements and ACC to manufacture and supply Bogie Covered Fly Ash/Cement (BCFCM) wagons and Bogie Brake Van Type (BVCM) wagons.

  • Reports suggest there will be no changes in short-term capital gains (STCG) and long-term capital gains (LTCG) in the new Income Tax Bill. In the July 2024 budget, Finance Minister Nirmala Sitharaman stated that STCG from stocks, equity funds, and business trust units (InvIT and REIT) would be taxed at 20%, up from the previous 15%. The Budget also announced a uniform 12.5% tax rate on LTCG across all asset classes.

  • EID Parry (India)'s net profit grows 64.8% YoY to Rs 19.5 crore in Q3FY25, owing to lower raw material costs. Revenue rises 12.2% YoY to Rs 872 crore, led by improvements in the nutrient & allied, crop protection, distillery, and consumer products businesses. It appears in a screener of stocks with low debt.

  • Berger Paints (India) is rising as its net profit beats Forecaster estimates by 1.8% despite falling 1.5% YoY to Rs 295.1 crore in Q3FY25 due to price cuts in prior quarters, currency depreciation and the inventory impact of higher monomer prices. Revenue increases 3.2% YoY to Rs 2,975.1 crore during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Vodafone Idea is falling as its Q3FY25 revenue misses Forecaster estimates by 1.1% despite growing 4.2% YoY to Rs 11,117.3 crore, driven by price hikes. However, net loss contracts 5.4% YoY to Rs 6,609.3 crore, helped by lower trading, network & IT outsourcing, marketing, content, customer acquisition & service, and finance costs. It shows up in a screener of stocks with high interest payments compared to earnings.

  • Indian Railway Catering & Tourism Corp's net profit rises 13.7% YoY to Rs 341.1 crore in Q3FY25 due to lower materials cost and inventory destocking. Revenue increases 9.5% YoY to Rs 1,224.7 crore during the quarter, driven by higher sales from the catering, rail neer, internet ticketing, and tourism segments. The company features in a screener of stocks with improving cash flow from operations over the past two years.

  • Nifty 50 was trading at 23,040.40 (-31.4, -0.1%) , BSE Sensex was trading at 76,165.26 (-128.3, -0.2%) while the broader Nifty 500 was trading at 20,880.60 (-69.9, -0.3%)

  • Market breadth is sharply down. Of the 1,938 stocks traded today, 613 were gainers and 1,257 were losers.

Riding High:

Largecap and midcap gainers today include Ashok Leyland Ltd. (219.35, 7.7%), Steel Authority of India (SAIL) Ltd. (105.75, 5.7%) and SBI Cards and Payment Services Ltd. (816.40, 4.1%).

Downers:

Largecap and midcap losers today include Prestige Estates Projects Ltd. (1,220.15, -6.9%), Godrej Properties Ltd. (1,929.75, -4.8%) and DLF Ltd. (680.05, -4.1%).

Movers and Shakers

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

Top high volume gainers on BSE included Ashok Leyland Ltd. (219.35, 7.7%), Campus Activewear Ltd. (282.05, 7.5%) and Steel Authority of India (SAIL) Ltd. (105.75, 5.7%).

Top high volume losers on BSE were Bayer Cropscience Ltd. (4,389.50, -8.3%), Archean Chemical Industries Ltd. (463.95, -7.9%) and Prestige Estates Projects Ltd. (1,220.15, -6.9%).

Elgi Equipments Ltd. (549, 2.4%) was trading at 22.3 times of weekly average. Kirloskar Oil Engines Ltd. (748.50, -4.2%) and Schneider Electric Infrastructure Ltd. (685.55, 3.5%) were trading with volumes 13.8 and 10.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

107 stocks hit their 52 week lows.

Stocks making new 52 weeks lows included - 3M India Ltd. (27,664.95, 0.4%) and Asian Paints Ltd. (2,228.25, -0.6%).

8 stocks climbed above their 200 day SMA including Godfrey Phillips India Ltd. (5,463, 6.6%) and Godrej Agrovet Ltd. (754.45, 4.8%). 38 stocks slipped below their 200 SMA including Metro Brands Ltd. (1,143.50, -6.1%) and Westlife Foodworld Ltd. (760.30, -3.6%).

 

 
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