Trendlyne Marketwatch
Trendlyne Marketwatch
22 Apr 2025
Market closes higher, Pitti Engineering's revenue surges 43% YoY to Rs 468.8 crore in Q4
By Trendlyne Analysis

 

 

Nifty 50 closed at 24,167.25 (41.7, 0.2%), BSE Sensex closed at 79,595.59 (187.1, 0.2%) while the broader Nifty 500 closed at 22,085.15 (79.4, 0.4%). Market breadth is in the green. Of the 2,452 stocks traded today, 1,516 were on the uptick, and 897 were down.

Indian indices closed in the green. The Indian volatility index, Nifty VIX, fell 1.9% and closed at 15.2 points. Dixon Technologies (India) closed over 5% higher amid reports that Alphabet (Google's parent company) may shift part of its Pixel smartphone production from Vietnam to India due to potential US tariff hikes.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green. Nifty FMCG and Nifty Auto closed higher. According to Trendlyne’s sector dashboard, Telecommunications Equipment emerged as the best-performing sector of the day, with a rise of 2.7%.

European indices are trading mixed. Major Asian indices closed mixed. US index futures are trading higher, indicating a positive start to the session. Tesla, Verizon Communications, Capital One, Lockheed Martin and Intuitive Surgical are set to report their earnings later today. Brent crude futures are trading higher after sharp losses in the last session, but caution remains amid global economic uncertainty driven by US trade tariffs.

  • Emkay upgrades Devyani International to a 'Buy' rating with a target price of Rs 200 per share. The brokerage believes that the acquisition of ‘Biryani By Kilo’ (BBK) and a return to mid-teen growth for the India business in FY26 will drive growth. BBK’s revenue grew at a 55% CAGR from FY19 to FY24, reaching Rs 300 crore.

  • Brigade Enterprises is rising as it signs a joint development agreement for a plotted development project in Malur, East Bengaluru. The project spans approximately 20 acres, with a gross development value (GDV) of around Rs 175 crore and a total development potential of 0.5 million square feet.

  • Voltas and Blue Star rise sharply as the government plans to relax Bureau of Indian Standards (BIS) norms for ACs and AC components below two tonnes.

  • HDFC Bank becomes the third Indian company to surpass a market capitalization of Rs 15 lakh crore, following Reliance Industries and Tata Consultancy Services (TCS). This comes after the stock hit a record high, driven by a 12% rally over six days.

  • Jupiter Wagons halts production at its Jabalpur plant for 15–20 days due to unavoidable circumstances, potentially affecting operations.

  • Mahindra Logistics’ revenue grows 8.1% YoY to Rs 1,571 crore in Q4FY25 due to a rise in third-party logistics and express services. Net loss narrows to Rs 6.8 crore during the quarter. The company appears in a screener of stocks where mutual funds increased stakes in Q4FY25.

  • Pitti Engineering is rising as its revenue surges 43% YoY to Rs 468.8 crore in Q4FY25, driven by a 50.3% YoY increase in sales volume to 17,185 metric tonnes. However, net profit falls 10.5% YoY to Rs 36.1 crore due to higher material costs and employee benefit expenses during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • The government imposes a 12% provisional safeguard duty on select non-alloy and alloy steel flat products for 200 days, effective April 21, to curb low-cost imports, especially from China and Vietnam. The move follows a DGTR investigation that found imports surged to 9.5 million tonnes in FY25, the highest since FY16, posing a threat to domestic manufacturers.

  • Sunil Singhania cuts stake in Uniparts India to below 1% in Q4FY25. He held a 1.8% stake in the company in Q3FY25.

  • IndusInd Bank falls as reports suggest that Ernst & Young (E&Y) will conduct a second forensic audit into a Rs 600 crore discrepancy in its microfinance portfolio. This follows an ongoing audit by Grant Thornton Bharat into irregularities in the bank’s forex derivatives portfolio.

  • Tata Investment Corp falls as its revenue drops by 71.2% YoY to Rs 16.4 crore in Q4FY25 due to a decline in interest income and loss on fair value changes. Net profit decreases 37.6% YoY to Rs 37.7 crore during the quarter. It shows up in a screener of stocks with PE higher than industry PE.

  • UBS sees a rebound in the consumer sector. It highlights that potential income boosts from lower taxes and the upcoming eighth pay commission over the next three years could drive demand across multiple categories and support an extended phase of earnings growth. The brokerage favours value retailers Avenue Supermarts and Trent, citing their resilient, value-focused retail models as key beneficiaries of this income stimulus.

  • Arkade Developers is rising as its pre-sales increase 19.8% YoY to Rs 773 crore in FY25, driven by a 22.7% growth in area sold. Collections surge 21.8% to Rs 716 crore.

  • Hindustan Unilever is rising as it acquires a 90.5% stake in Uprising Science for a cash consideration of Rs 2,706.4 crore.

  • RBL Bank is falling as 2.3 crore shares (3.9% stake) worth approximately Rs 432.4 crore reportedly change hands in a block deal at an average price of Rs 188 per share. British International Investment is likely the seller in the transaction.

  • Jefferies downgrades Bajaj Auto and Hero MotoCorp to 'Hold' and 'Underperform' with target prices of Rs 7,500 and Rs 3,200, respectively. The brokerage attributes a weaker growth outlook for the two-wheeler industry. It lowers its volume growth estimates for the 2W industry for FY26-27 by 6 and 2 percentage points, respectively, while still projecting a 10% CAGR over FY25-28.

  • 360 One Wam signs a deal to acquire UBS AG’s India wealth management business for Rs 307 crore. The acquisition includes stock broking and portfolio management services, with assets under management (AUM) of Rs 26,000 crore. UBS will acquire 2.1 crore warrants, convertible into about a 5% stake in 360 One Wam, valued at Rs 2,112 crore.

  • Tata Power is rising as its subsidiary, Tata Power Renewable Energy, enters a power purchase agreement (PPA) with Tata Motors to set up a 131 MW wind-solar hybrid project.

  • Waaree Energies rises sharply as the US imposes anti-dumping duties on solar equipment imports from Cambodia, Vietnam, Malaysia, and Thailand. The US imposes new duties as high as 3,521% on solar imports from these Southeast Asian countries. As of 9MFY25, Waaree Energies generated 21% of its revenue from the international market.

  • Dixon Technologies (India) rises over 4% amid reports that Alphabet (Google's parent company) may shift part of its Pixel smartphone production from Vietnam to India due to potential US tariff hikes. With India offering lower tariffs (26% vs. Vietnam’s 46%), the country is becoming a more cost-effective manufacturing base. Through its subsidiary Padget Electronics, Dixon currently produces 43,000-45,000 Pixel units monthly and is in talks with Foxconn to scale up production.

  • Persistent Systems is rising as it receives approval from the National Company Law Tribunal (NCLT) for a merger with its subsidiary, Capiot Software.

  • HG Infra Engineering emerges as the qualified bidder by Gujarat Urja Vikas Nigam to set up a standalone battery energy storage system in the state with a 300 MW/600 MWh capacity.

  • Anant Raj is rising as its net profit grows 51.5% YoY to Rs 118.6 crore in Q4FY25, driven by lower sales and finance costs. Revenue increases 22.2% YoY to Rs 540.7 crore during the quarter. The company appears in a screener of stocks with increasing revenue every quarter for the past four quarters.

  • Himadri Speciality Chemical's net profit rises 35.1% YoY to Rs 155.6 crore in Q4FY25, driven by lower material costs. However, revenue falls 3.6% YoY to Rs 1,134.6 crore due to lower sales from the carbon materials & chemicals, and power segments during the quarter. The company appears in a screener of stocks with increasing profits every quarter for the past four quarters.

  • Nifty 50 was trading at 24,089.10 (-36.5, -0.2%), BSE Sensex was trading at 79,728.39 (319.9, 0.4%) while the broader Nifty 500 was trading at 21,966.15 (-39.6, -0.2%).

  • Market breadth is in the red. Of the 2,026 stocks traded today, 761 were in the positive territory and 1,213 were negative.

Riding High:

Largecap and midcap gainers today include Dixon Technologies (India) Ltd. (16,675, 5.4%), Max Healthcare Institute Ltd. (1,128.70, 5.2%) and Berger Paints (India) Ltd. (579.20, 4.7%).

Downers:

Largecap and midcap losers today include Cholamandalam Investment & Finance Company Ltd. (1,566.40, -5.6%), IndusInd Bank Ltd. (787.50, -4.9%) and JSW Infrastructure Ltd. (303.75, -2.7%).

Movers and Shakers

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

Top high volume gainers on BSE included Alok Industries Ltd. (19.49, 18.3%), Trident Ltd. (29.28, 6.8%) and Asahi India Glass Ltd. (715.30, 6.6%).

Top high volume losers on BSE were Aether Industries Ltd. (776.55, -4.4%), RBL Bank Ltd. (189.52, -1.3%) and Procter & Gamble Health Ltd. (5,168.50, -1.1%).

Hatsun Agro Products Ltd. (949.20, 0.0%) was trading at 15.3 times of weekly average. Shoppers Stop Ltd. (549.85, 4.1%) and IIFL Finance Ltd. (367.20, 5.7%) were trading with volumes 6.6 and 6.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

13 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Bajaj Finance Ltd. (9,260.50, -0.1%), Chambal Fertilisers & Chemicals Ltd. (684.70, -0.8%) and Eicher Motors Ltd. (5,784, -0.5%).

28 stocks climbed above their 200 day SMA including Asahi India Glass Ltd. (715.30, 6.6%) and Phoenix Mills Ltd. (1,682.30, 4.5%). 7 stocks slipped below their 200 SMA including JSW Infrastructure Ltd. (303.75, -2.7%) and Power Grid Corporation of India Ltd. (312.55, -2.3%).

 
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