Trendlyne Marketwatch
Trendlyne Marketwatch
11 Apr 2025, 04:01PM
Market closes higher, Aurobindo Pharma's US plant gets Form 483 with 11 FDA observations
By Trendlyne Analysis

 

Nifty 50 closed at 22,828.55 (429.4, 1.9%), BSE Sensex closed at 75,157.26 (1,310.1, 1.8%) while the broader Nifty 500 closed at 20,752.85 (396.1, 2.0%). Market breadth is highly positive. Of the 2,431 stocks traded today, 1,984 were gainers and 401 were losers.

Indian indices closed in the green, supported by Trump’s tariff pause, an RBI rate cut, and an improved inflation outlook. The Indian volatility index, Nifty VIX, declined 6.2% and closed at 20.1 points. TCS' Q4FY25 net profit fell marginally by 0.1% QoQ to Rs 12,224 crore. Revenue grew marginally by 0.8% QoQ, led by improvements in the banking, financial services & insurance (BFSI), manufacturing, and consumer business segments.

Nifty Midcap 100 and Nifty Smallcap 100 closed in the green, following the benchmark index. Nifty Metal & BSE Metal were among the top index gainers today. According to Trendlyne’s Sector dashboard, Healthcare Equipment & Supplies emerged as the best-performing sector of the day, with a rise of 5.1%.

Asian indices closed mixed, while European indices are trading lower except Russia’s MOEX & RTSI indices. US index futures traded in the green, indicating a positive start to the trading session. Investors are gearing up for the first-quarter earnings season kicking off today, starting with results from major banks including JPMorgan Chase, Wells Fargo and Morgan Stanley. Meanwhile, Accenture formed a 30:70 JV with Fincantieri (an Italian shipbuilding company) to drive digitalization across cruise, defense, and port infrastructure sectors.

  • PI Industries sees a long buildup in its April 24 futures series, with open interest increasing by 26.7% and a put-call ratio of 0.3.

  • Aurobindo Pharma receives Form 483 with 11 observations from the US FDA following an inspection at its Raleigh plant in the US.

  • ICICI Securities maintains its 'Buy' call on Tata Steel with a target price of Rs 180 per share. This indicates a potential upside of 35.7%. The brokerage believes the company's revenue will grow due to its focus on maximising production efficiencies, lowering fixed costs, optimising product mix, and improving margins. It expects the firm's revenue to grow at a CAGR of 6.3% over FY25-27.

  • Choice International is rising as its wholly-owned subsidiary, Choice Consultancy Services (CCSPL), secures an order from the Maharashtra State Electricity Distribution Company (MSEDCL) to develop a 45 MW (AC) solar plant.

  • HSBC maintains its 'Buy' and 'Hold' rating on Eternal (Zomato) and Swiggy with lower target prices of Rs 280 and Rs 385, respectively. The brokerage highlights intense competition in quick commerce, noting that gross order value (GOV) growth will be a key investor focus amid ongoing pricing and delivery pressures.

  • Reliance Industries is rising as its step-down subsidiary, Nauyaan Tradings, acquires an additional 10% stake in Nauyaan Shipyard from Welspun Corp for Rs 51.7 crore.

  • Rail Vikas Nigam is rising as it emerges as the preferred bidder for a Rs 143.4 crore order from Southern Railway to upgrade electric traction systems in the Salem division.

  • Hindustan Copper is rising as it resumes ore production at the Kolihan Copper Mine in the Khetri Copper Complex, Khetrinagar, Rajasthan, effective April 10.

  • According to data released by the Association of Mutual Funds in India (AMFI), mutual funds' net outflows stand at Rs 1,64,435 crore in March, compared to inflows of Rs 40,063 crore in February. Meanwhile, monthly equity inflows decline to Rs 25,082 crore in March compared to Rs 29,303 crore last month.

  • Greaves Cotton rises sharply as it enters a partnership with Chara Technologies to manufacture synchronous reluctance motors and controllers. The motors and controllers will be manufactured at Greaves' facility in Aurangabad, using Chara's technology and expertise.

  • Bank of India is rising as it reduces its repo-based lending rate (RBLR) by 25 basis points to 8.85% from 9.1%, effective April 9. This follows the Reserve Bank of India’s 25 bps cut in repo rate to 6%.

  • Sky Gold and Diamonds rises to its 5% upper limit as it secures a recurring export order from a leading jewellery brand to supply 200 kg of gold jewellery per month.

  • BofA Securities analysts expect Vodafone Idea’s net subscriber losses to ease to 3 million in Q4FY25, down from 5.1 million and 5.2 million in Q2 and Q3, respectively. The brokerage believes positive net additions remain distant and anticipates flat average revenue per user (ARPU), leading to a 2.1% sequential drop in revenue for Q4FY25.

  • Morepen Laboratories rises sharply as it plans to expand its workforce by adding 1000 medical representatives over the next three years to improve its formulations business. It expects to add 200 team members in FY26.

  • Motilal Oswal initiates coverage on Hindustan Aeronautics with a 'Buy' call and a target price of Rs 5,100 per share. This indicates a potential upside of 24%. The brokerage believes that the commencement of aircraft deliveries and order book inflows will help in revenue growth. It expects the firm's revenue to grow at a CAGR of 29% over FY25-27.

  • Ajmera Realty & Infra India rises sharply as its pre-sales increase 6.3% YoY to 1,080 crore in FY25. Collections surge 13% YoY to Rs 646 crore. The company has a total launch pipeline of approximately 26 lakh sq ft with a gross development value (GDV) of Rs 6,800 crore.

  • Morgan Stanley upgrades Godrej Consumer and Hindustan Unilever to 'Overweight' and 'Equalweight'. The brokerage highlights the resilience of select consumer staples amid global and domestic uncertainty, naming GCPL and Tata Consumer as its top picks due to their strong growth outlook and margin levers. It also notes that any sharp rise in commodity prices could negatively impact its earnings growth estimates.

  • NBCC (India) is rising as it sells 1,185 residential units in Aspire Dream Valley, Phase-III, Greater Noida, for Rs 1,504.7 crore through an e-auction.

  • Goodluck India rises sharply as its sales volume increases by 19% YoY in FY25, driven by higher sales of high-margin products and expansion in the international market. Its Q4FY25 volume grows by 12.8% QoQ.

  • Cipla rises sharply as it receives final approval from the US FDA for the abbreviated new drug application (ANDA) for Paclitaxel Protein-bound Particles for injectable suspension. The drug is a generic therapeutic equivalent to Bristol Myers Squibb’s Abraxane for injectable suspension and is used to treat breast cancer. The drug had a market value of $88 billion as of 2023 and is expected to grow to $139.7 billion in 2031.

  • RBI’s draft guidelines on gold-backed lending draw mixed responses from brokerages. CLSA highlights the rules aim to protect consumers and align practices across lenders, but it expects an impact on NBFCs like Muthoot and Manappuram due to their business models. Jefferies notes that restrictions on loans against primary gold or silver and the cap on bullet repayments may push NBFCs to diversify their portfolios.

  • GAIL is rising as it adds 3,119 km to its gas transmission network, commissioning over 96% of the Jagdishpur–Haldia pipeline. The project currently supplies 12.3 million standard cubic meters per day (MMSCMD) of natural gas to eastern and northeastern India.

  • SRF rises sharply as it sets up an agrochemical intermediate manufacturing facility in Gujarat, with a capex of Rs 190 crore.

  • Anand Rathi Wealth is rising as its net profit surges 29.8% YoY to Rs 73.5 crore in Q4FY25. Revenue increases 20.4% YoY to Rs 222 crore, driven by a 30% rise in assets under management during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Tata Consultancy Services' Q4FY25 net profit falls marginally by 0.1% QoQ to Rs 12,224 crore, due to higher employee benefits expenses. Revenue grows marginally by 0.8% QoQ to Rs 64,479 crore, led by improvements in the banking, financial services & insurance (BFSI), manufacturing, and consumer business segments. It shows up in a screener of stocks with expensive valuations according to Trendlyne valuation scores.

  • Markets opened high. Nifty 50 was trading at 22,777.80 (378.7, 1.7%), BSE Sensex was trading at 74,858.78 (1011.6, 1.4%) while the broader Nifty 500 was trading at 20,673.55 (316.8, 1.6%).

  • Market breadth is highly positive. Of the 2,000 stocks traded today, 1,852 were in the positive territory and 121 were negative.

Riding High:

Largecap and midcap gainers today include PI Industries Ltd. (3,607.45, 9.5%), Dixon Technologies (India) Ltd. (14,301.90, 7.7%) and SRF Ltd. (2,947.35, 7.4%).

Downers:

Largecap and midcap losers today include Muthoot Finance Ltd. (2,017, -5.8%), ICICI Lombard General Insurance Company Ltd. (1,718.55, -3.8%) and Max Healthcare Institute Ltd. (1,089.30, -3.0%).

Volume Rockets

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

Top high volume gainers on BSE included TVS Holdings Ltd. (8,950, 10.9%), Atul Ltd. (5,727.35, 10.2%) and PI Industries Ltd. (3,607.45, 9.5%).

Cello World Ltd. (523.75, 0.8%) was trading at 12.5 times of weekly average. Grindwell Norton Ltd. (1,600, 0.9%) and Supreme Petrochem Ltd. (617.70, 4.3%) were trading with volumes 10.0 and 5.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

2 stocks made 52 week highs,

Stocks touching their year highs included - Chambal Fertilisers & Chemicals Ltd. (645.25, 1.1%) and Coromandel International Ltd. (2,060, 2.8%).

27 stocks climbed above their 200 day SMA including Suven Pharmaceuticals Ltd. (1,149.60, 8.6%) and Piramal Pharma Ltd. (219.83, 5.5%). 6 stocks slipped below their 200 SMA including Muthoot Finance Ltd. (2,017, -5.8%) and Dalmia Bharat Ltd. (1,811.35, -0.8%).

 
More from Trendlyne Marketwatch
More from Trendlyne Analysis
Recommended
Five Interesting Stocks Today - April 11, 2025
The Baseline | 11 Apr 2025, 05:20PM
Five stocks to buy from analysts this week - April 10, 2025
The Baseline | 10 Apr 2025
Markets close higher, Rakesh Jhunjhunwala buys a 2.2% stake in Indiabulls Housing Finance
Trendlyne Marketwatch | 22 Jul 2021