Trendlyne Marketwatch
Trendlyne Marketwatch
08 Apr 2025
Market closes higher, Info Edge's standalone billings grow 19% YoY in Q4FY25
By Trendlyne Analysis

 

 

Nifty 50 closed at 22,535.85 (374.3, 1.7%) , BSE Sensex closed at 74,227.08 (1,089.2, 1.5%) while the broader Nifty 500 closed at 20,480.80 (375.1, 1.9%). Market breadth is ticking up strongly. Of the 2,421 stocks traded today, 2,010 were gainers and 384 were losers.

Indian indices closed higher, rebounding from Monday’s decline. The Indian volatility index, Nifty VIX, plunged 10.3% and closed at 20.4 points. Info Edge closed 3.9% higher as its standalone billings grew 19% YoY to Rs 983.8 crore in Q4FY25, recruitment billings rose over 18% YoY, while 99acres reported a 22% YoY jump.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, following the benchmark index. Nifty Media and Nifty PSU Bank were the highest-performing indices of the day. According to Trendlyne’s sector dashboard, Fertilizers emerged as the best-performing sector of the day, with a rise of 4.8%.

European indices are trading higher. Major Asian indices closed in the green, except Indonesia’s IDX Composite and Thailand’s SET indices, which closed 8.4% and 4.5% lower. US index futures are trading higher, indicating a positive start to the session, as investors expect U.S. Trade Representative Jamieson Greer to reveal several countries that have approached the White House to negotiate on tariffs.

  • Siemens sees a short buildup in its April 24 futures series, with open interest increasing by 16.5% and a put-call ratio of 0.5.

  • Brigade Enterprises is rising as it signs a deal to develop premium residential projects on 10 acres of prime land in Mysuru. The project has a gross development value of around Rs 225 crore and a total development potential of 3.7 lakh square feet.

  • Info Edge rises sharply as its standalone billings grow 19% YoY to Rs 983.8 crore in Q4FY25. The company’s recruitment billings rise over 18% YoY, while 99acres reports a 22% YoY jump.

  • Indo Tech Transformers falls sharply as its Chief Executive Officer (CEO), Shridhar Gokhale, tenders his resignation, effective April 7.

  • Goldman Sachs cautions that Brent crude could fall below $40 a barrel by late 2026 in extreme cases like a global GDP slowdown and complete reversal of OPEC+ production cuts. While this is not a base-case scenario, it forecasts Brent to reach $55 by next December. The bank cites downside risks due to escalating trade war tensions and increasing global supply.

  • Housing and Urban Development Corp is rising as it signs a memorandum of understanding (MoU) with the Mumbai Metropolitan Region Development Authority (MMRDA) to provide funding of up to Rs 1.5 lakh crore over five years for infrastructure projects in the Mumbai Metropolitan Region.

  • Tata Motors rises as Jaguar Land Rover (JLR) wholesales increase 1.1% YoY to 1.1 lakh units in Q4FY25, driven by higher sales across the Range Rover, Range Rover Sport, and Defender models. However, JLR wholesales remains flat YoY for FY25, largely due to weak performance in China.

  • Paisalo Digital is rising as its board of directors approves raising Rs 2,700 crore by issuing shares, foreign currency bonds, or other securities via a preferential issue, private placement, qualified institutional placement (QIP), or other modes.

  • Analysts expect RBI's MPC to announce a 25 bps rate cut on April 9. G Chokkalingam, founder of Equinomics Research, believes a 25 bps cut won't significantly impact markets due to global tariff concerns, but a 50 bps cut could boost market sentiment. He cites sluggish credit growth, weak corporate earnings, and trade tensions as bigger investor concerns.

  • Keystone Realtors is rising as its collections grow 11% to Rs 746 crore, and pre-sales increase 1% to Rs 854 crore in Q4FY25. The growth is driven by the completion of two RERA projects in Mumbai and the addition of three new projects with a gross development value (GDV) of Rs 1,487 crore.

  • Mahindra & Mahindra's wholesales increase 19.3% YoY to 79,751 units in March. Commercial vehicle sales rise 14.4% YoY, while exports jumps 2.6X during the month.

  • Arkade Developers rises sharply as it enters an agreement for cluster redevelopment in Borivali, with an estimated gross development value (GDV) of Rs 865 crore. The company will redevelop Satya Shreepal Nagar A, B & C Co-operative Housing Society (CHS), Sheetal Shreepal CHS, and Sai Shreepal CHS with a total saleable carpet area of 2.4 lakh square feet.

  • Goldman Sachs upgrades its ratings on PNB Housing Finance and Axis Bank to 'Buy' and 'Neutral' on State Bank of India. The brokerage notes that Axis Bank is a beneficiary of liquidity infusion in the system, which should support its loan growth trajectory. For PNB Housing, Goldman Sachs expects the lender's improving outlook to result in strong loan growth and healthy profitability. It also sees a balanced risk/reward scenario for SBI.

  • Goldman Sachs initiates coverage on Suven Pharma with a ‘Buy’ call and a target price of Rs 1,350. The brokerage expects a strong rebound and structural growth this fiscal year, driven by new drug approvals and a turnaround in AgChem macros.

  • Bank of Maharashtra is rising as its deposits grow by 13.5% YoY to Rs 3.1 lakh crore, and gross advances increase 17.8% YoY to Rs 2.4 lakh crore in Q4FY25. The bank's CASA deposits grow by 17.8% YoY during the quarter.

  • Dolly Khanna cuts stake in India Metals & Ferro Alloys to below 1% in Q4FY25. She held a 1.2% stake in the company in Q3FY25.

  • India's Commerce Minister, Piyush Goyal, says India will withhold market access to BYD, citing strategic concerns and caution over investments from China. This move could have significant implications for M&M in the competitive EV market as it continues to expand its electric vehicle portfolio. M&M still relies on BYD's blade battery for its current EV lineup.

  • Godrej Properties' bookings grow 7% YoY to Rs 10,163 crore in Q4FY25, selling 3,703 homes, led by new launches like Godrej Riverine in Noida, Godrej Astra in Gurugram, and Godrej Madison Avenue in Hyderabad.

  • Sobha is rising as its Q4FY25 sales value increases by 22.1% YoY to Rs 1,835.7 crore. Its average price realisation improves by 4.9% YoY to Rs 11,781 per square foot.

  • PN Gadgil Jewellers is rising as its Q4FY25 revenue grows 5.1% YoY, helped by a 50% YoY jump in the retail segment and a 243.8% YoY surge in the e-commerce segment.

  • The Indian Government hikes excise duty on petrol and diesel by Rs 2 per litre. The duty on diesel now stands at Rs 10 per litre and on petrol at Rs 13. The public won't be impacted by the hike, as OMCs have announced to absorb the cost. However, this will reduce their marketing margin by Rs 2 per litre, though their overall retail fuel margin still exceeds Rs 11.

  • Nuvama Wealth Management promoter PAG employs JP Morgan and Morgan Stanley to exit its 54.9% stake, worth Rs 10,579 crore.

  • KPI Green Energy terminates its order from Sai Bandhan Infinium for a 66.2 MW hybrid power project under the captive power producer (CPP) segment due to changes in technical requirements after receiving the order.

  • Titan is rising as its revenue grows by 25% YoY in Q4FY25, driven by improvements in the jewellery, watches & wearables, CaratLane, and eyecare segments. The company adds 72 new stores during the quarter, expanding its total store network to 3,312.

  • Bharat Electronics secures a contract worth Rs 2,210 crore from the Ministry of Defence to supply Radar Warning Receivers (RWR), Missile Approach Warning Systems (MAWS), and Counter Measure Dispensing Systems (CMDS) for the Indian Air Force’s Mi-17 V5 helicopters.

  • Upbeat trading today, as Nifty 50 was trading at 22,524.35 (362.8, 1.6%), BSE Sensex was trading at 74,013.73 (875.8, 1.2%) while the broader Nifty 500 was trading at 20,461.75 (356.1, 1.8%).

  • Market breadth is overwhelmingly positive. Of the 1,959 stocks traded today, 1,818 were gainers and 113 were losers.

Riding High:

Largecap and midcap gainers today include GlaxoSmithKline Pharmaceuticals Ltd. (2,728.40, 6.0%), PB Fintech Ltd. (1,531.95, 6.0%) and Cholamandalam Investment & Finance Company Ltd. (1,463.30, 5.6%).

Downers:

Largecap and midcap losers today include Indraprastha Gas Ltd. (180.16, -4.1%), Siemens Ltd. (2,763.45, -1.7%) and Mankind Pharma Ltd. (2,347.50, -1.5%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Cholamandalam Financial Holdings Ltd. (1,718.45, 10.2%), Five-Star Business Finance Ltd. (713.25, 6.7%) and Esab India Ltd. (4,601.25, 5.7%).

Top high volume losers on BSE were Delhivery Ltd. (248.90, -7.3%) and Craftsman Automation Ltd. (4,398.50, -1.1%).

AIA Engineering Ltd. (3,100, 0.3%) was trading at 8.5 times of weekly average. Bharti Hexacom Ltd. (1,427.90, 2.0%) and Sonata Software Ltd. (305.50, 1.5%) were trading with volumes 4.0 and 3.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

1 stock hit their 52 week highs,

Stock touching their year highs included - InterGlobe Aviation Ltd. (5,157.05, 3.4%).

20 stocks climbed above their 200 day SMA including Cholamandalam Financial Holdings Ltd. (1,718.45, 10.2%) and Authum Investment & Infrastructure Ltd. (1,640, 8.4%). 15 stocks slipped below their 200 SMA including Aegis Logistics Ltd. (778.35, -2.0%) and Redington Ltd. (201.24, -1.1%).

 
More from Trendlyne Marketwatch
More from Trendlyne Analysis
Recommended
Five Interesting Stocks Today - April 11, 2025
The Baseline | 11 Apr 2025
Market closes higher, Aurobindo Pharma's US plant gets Form 483 with 11 FDA observations
Trendlyne Marketwatch | 11 Apr 2025
Markets close higher, Rakesh Jhunjhunwala buys a 2.2% stake in Indiabulls Housing Finance
Trendlyne Marketwatch | 22 Jul 2021