Trendlyne Marketwatch
Trendlyne Marketwatch
14 Feb 2025
Market closes lower, Manappuram Finance's net profit declines 50.8% YoY to Rs 282.1 crore in Q3FY25
By Trendlyne Analysis

 

Nifty 50 closed at 22,929.25 (-102.2, -0.4%), BSE Sensex closed at 75,939.21 (-199.8, -0.3%) while the broader Nifty 500 closed at 20,633.10 (-271.3, -1.3%). Market breadth is sharply down. Of the 2,419 stocks traded today, 298 showed gains, and 2,095 showed losses.

Nifty 50 closed lower after paring losses from the afternoon session. The Indian volatility index, Nifty VIX, rose 0.4% and closed at 15 points. Deepak Nitrite plunged to its 52-week low of Rs 1,872.3 per share as its Q3FY25 net profit declined 51.5% YoY to Rs 98.1 crore, impacted by weak demand in agrochemical intermediates, rising employee costs, and higher finance expenses.

Nifty Smallcap 100 and Nifty Midcap 100 closed lower, following the benchmark index. Nifty Alpha 50 and Nifty Media Indices 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 5.2%.

Asian indices closed mixed. European indices are trading mixed. US index futures are trading either flat or lower as investors assess President Trump's plan for reciprocal tariffs. Set to take effect from April, the tariffs could impact most trading partners like India, Japan, and the European Union. Brent crude oil futures are trading higher.

  • Money flow index (MFI) indicates that SBI Cards & Payment Services is in the overbought zone.

  • Manappuram Finance plunges more than 10% as its net profit declines 50.8% YoY to Rs 282.1 crore in Q3FY25 due to higher finance, fees & commission, impairment on financial instruments, and employee benefits expenses. However, revenue grows 11% YoY to Rs 2,559.7 crore, owing to an improvement in the gold loans segments. It shows up in a screener of stocks with an increase in provisions in recent results.

  • NBCC (India) secures two orders worth Rs 851.7 crore. These include township construction in Durgapur, Koderma, and Raghunathpur for Damodar Valley Corp and maintenance work at New Moti Bagh GRPA Complex in Delhi for the Ministry of Housing and Urban Affairs.

  • Bank of Baroda's board approves raising funds up to Rs 8,500 crore by issuing equity shares. The company plans to do this through one or more public or private offerings, including a qualified institutional placement.

  • Jefferies' latest India strategy report notes that despite positive developments, the Indian equity market has not seen a major rally. Key factors such as pro-growth RBI commentary, no negative impact from the new tax bill, in-line earnings, and strong mutual fund inflows have not been enough to spark a rally. Jefferies remains cautious, noting that the equity market has yet to respond positively to these developments.

  • Bharat Rasayan is rising as its net profit surges 1.6X YoY to Rs 40.5 crore in Q3FY25, driven by inventory destocking and lower finance costs. Revenue increases 10.1% YoY to Rs 256.4 crore during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • RateGain Travel Technologies is rising as its Q3FY25 net profit grows 39.9% YoY to Rs 56.5 crore, helped by lower depreciation & amortisation and deferred tax expenses. Revenue jumps 10.6% YoY to Rs 278.7 crore, helped by new customer acquisitions. It features in a screener of stocks with increasing revenue for the past eight quarters.

  • GAIL (India) signs a memorandum of understanding (MoU) with Accelera by Cummins to collaborate on clean energy and energy transition technologies. The partnership will explore opportunities in green energy, including hydrogen production, blending, transportation, and storage, leveraging GAIL's gas infrastructure and Accelera’s expertise.

  • India's WPI inflation falls to 2.3% in January, down from 2.4% in December 2024, due to softening food prices. Food inflation fell sharply to 7.5% from 8.9% in December, largely due to vegetable inflation touching a five-month low of 8.4%.

  • Rites signs a memorandum of understanding (MoU) worth Rs 120.1 crore with Neyveli Uttar Pradesh Power (NUPPL) to operate and maintain the railway siding at the NUPPL Ghatampur Thermal Power Project (GTPP).

  • Afcons Infrastructure's net profit grows 35.7% YoY to Rs 148.9 crore in Q3FY25, led by lower raw materials and depreciation & amortisation expenses. Revenue rises 2.7% YoY to Rs 3,211.1 crore, helped by an improvement in the order book. It appears in a screener of stocks with high promoter pledges.

  • Mahindra Lifespace Developers' board of directors approves a fundraising of up to Rs 1,500 crore through the rights issue of equity shares.

  • Unsoo Kim, Managing Director of Hyundai Motor India, highlights that the company has exported over 3.7 million Made-in-India vehicles globally. Hyundai aims to establish India as its largest export hub outside South Korea. He adds that Hyundai exported around 1.6 lakh vehicles in 2024, with Saudi Arabia, South Africa, Mexico, Chile, and Peru as its leading overseas markets.

  • ITC Hotels's shares fall sharply as British American Tobacco (BAT) plans to divest its 15.3% stake, valued at Rs 5,405 crore, by 2026.

  • SJVN's Q3FY25 net profit grows 7.2% YoY to Rs 149 crore, owing to lower deferred tax expenses. Revenue jumps 23.5% YoY to Rs 671 crore during the quarter. It features in a screener of stocks with growth in net profit and profit margin (QoQ).

  • Kalpataru Projects International falls sharply as its net profit misses Forecaster estimates by 15%, rising marginally by 0.7% YoY to Rs 142 crore in Q3FY25. Revenue increases 17.1% YoY to Rs 5,732.5 crore, helped by an improvement in the engineering, procurement & construction (EPC) segment. The company features in a screener of stocks where FII / FPI or institutions are increasing their shareholding.

  • Asian Paints signs a share purchase agreement with Berger Paints Singapore Pte to sell its Indonesia operations for Rs 48 crore. The loss arising from divestment is approximately Rs 90 crore.

  • Godfrey Phillips India is rising as its net profit surges 48.7% YoY to Rs 315.9 crore in Q3FY25 due to inventory destocking. Revenue increases 27.3% YoY to Rs 1,591.3 crore during the quarter, driven by higher sales from the cigarettes and tobacco segment. The company appears in a screener of stocks with book value per share improving over the last two years.

  • Deepak Nitrite plunges to its 52-week low of Rs 1,930.1 per share as its Q3FY25 net profit declines 51.5% YoY to Rs 98.1 crore due to higher inventory, employee benefits, and finance costs. Revenue falls 5.3% YoY to Rs 1,903.4 crore, led by a reduction in the advance intermediates segment. It shows up in a screener of stocks where insiders sold shares.

  • Premier Energies' subsidiary, Premier Energies Photovoltaic, receives orders worth Rs 1,234 crore from existing customers to supply solar PV modules.

  • Suvankar Sen, Managing Director & CEO of Senco Gold, projects revenue growth of 18-20% for FY25 and FY26, with margins ranging from 7-7.5%. He believes the company's PAT will reach Rs 300 crore in FY26. Sen adds that the firm's Q3FY25 was impacted by Rs 70 crore due to hedging and customs duties.

  • Hindustan Construction falls sharply as it posts a net loss of Rs 38.9 crore in Q3FY25 compared to a net profit of Rs 182.3 crore in Q3FY24 due to higher inventory, finance, and deferred tax expenses. Revenue declines 31.7% YoY to Rs 1,006.8 crore, impacted by the engineering & construction and real estate segments. It appears in a screener of stocks with large swings between profit and loss.

  • KNR Constructions is falling as its Q3FY25 revenue declines 14.9% YoY to Rs 848.1 crore due to arbitration claims of Rs 209.9 crore from Patel KNR Infrastructures and its Orissa Project. However, net profit surges 78.1% YoY to Rs 248.6 crore, driven by lower raw materials, subcontracting, construction, spreading & assortment, and employee benefits expenses. It shows up in a screener of stocks with medium to low Trendlyne Momentum scores.

  • Carborundum Universal falls to its new 52-week low of Rs 983.2 as its net profit declines 68.8% YoY to Rs 34.8 crore in Q3FY25 due to an exceptional item charge of Rs 104.1 crore related to sanctions on its Russian subsidiary, Volzhsky Abrasive Works (VAW). However, revenue increases 9% YoY to Rs 1,255.5 crore during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Hindalco Industries is rising as its Q3FY25 net profit jumps 60.2% YoY to Rs 3,735 crore owing to lower inventory, employee benefits, and finance costs. Revenue grows 10.9% YoY to Rs 58,899 crore, led by improvements in the Novelis, aluminium upstream, aluminium downstream, and copper segments. It features in a screener of stocks with improving cash flow from operations over the past two years.

  • Nifty 50 was trading at 23,068.55 (37.2, 0.2%), BSE Sensex was trading at 76,419.83 (280.9, 0.4%) while the broader Nifty 500 was trading at 20,896.70 (-7.7, 0.0%).

  • Market breadth is in the red. Of the 1,967 stocks traded today, 677 were on the uptick, and 1,247 were down.

Riding High:

Largecap and midcap gainers today include Jubilant Foodworks Ltd. (670.50, 1.3%), Hindustan Zinc Ltd. (416.55, 1.2%) and Britannia Industries Ltd. (4,939.65, 1.0%).

Downers:

Largecap and midcap losers today include Deepak Nitrite Ltd. (1,900.50, -15.1%), JSW Energy Ltd. (437.10, -6.5%) and Coromandel International Ltd. (1,752.20, -5.4%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Ingersoll-Rand (India) Ltd. (3,532.55, 11.3%), Chalet Hotels Ltd. (693.65, 2.8%) and Ajanta Pharma Ltd. (2,560.25, 2.6%).

Top high volume losers on BSE were Concord Biotech Ltd. (1,692.30, -19.9%), Deepak Nitrite Ltd. (1,900.50, -15.1%) and Kalpataru Projects International Ltd. (879.55, -10.5%).

Go Digit General Insurance Ltd. (289, -2.8%) was trading at 36.9 times of weekly average. Anupam Rasayan India Ltd. (674.10, 0.9%) and Affle (India) Ltd. (1,501.60, -3.5%) were trading with volumes 10.7 and 5.3 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 94 stocks hit their 52 week lows.

Stock touching their year highs included - SBI Cards and Payment Services Ltd. (859, -0.1%).

Stocks making new 52 weeks lows included - Alembic Pharmaceuticals Ltd. (810, -1.9%) and Astral Ltd. (1,332.60, -2.8%).

4 stocks climbed above their 200 day SMA including Godfrey Phillips India Ltd. (5,999.50, 20%) and Cholamandalam Investment & Finance Company Ltd. (1,376, -1.1%). 22 stocks slipped below their 200 SMA including Concord Biotech Ltd. (1,692.30, -19.9%) and Manappuram Finance Ltd. (178.15, -8.2%).

 
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