Trendlyne Marketwatch
Trendlyne Marketwatch
24 Apr 2025
Market closes lower, Tamilnad Mercantile Bank's Q4 profit grows 15.3% YoY to Rs 291.9 crore
By Trendlyne Analysis

 

Nifty 50 closed at 24,246.70 (-82.3, -0.3%), BSE Sensex closed at 79,801.43 (-315.1, -0.4%) while the broader Nifty 500 closed at 22,180.65 (-57.0, -0.3%). Market breadth is neutral. Of the 2,415 stocks traded today, 1,197 were on the uptick, and 1,179 were down.

Indian indices closed lower after falling throughout the day. The Indian volatility index, Nifty VIX, rose 1.8% and closed at 16.3 points. Dalmia Bharat closed 4.5% higher as its net profit grew 38.1% YoY to Rs 435 crore in Q4FY25, led by lower power & fuel and freight expenses. 

Nifty Smallcap 100 and Nifty Midcap 100 closed flat. Nifty Realty and Nifty FMCG Indices were among the top index losers today. According to Trendlyne’s sector dashboard, Hardware Technology & Equipment emerged as the worst-performing sector of the day, with a fall of 2.6%.

Asian indices closed mixed. European indices are trading mixed. US index futures are trading lower, indicating a negative start to the trading session. Investors focus on Trump’s tariff stance and key earnings from Meta, IBM, ServiceNow, and Thermo Fisher. Brent crude futures are trading higher after falling 2.9% on Wednesday.

  • Pidilite Industries sees a long buildup in its April 24 futures series, with open interest increasing by 68.9% and a put-call ratio of 0.3.

  • Can Fin Homes' net profit grows 11.9% YoY to Rs 233.9 crore in Q4FY25, beating the Forecaster estimates by 5%. Revenue increases 7.8% YoY to Rs 999.6 crore during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Tamilnad Mercantile Bank rises sharply as its Q4FY25 net profit grows 15.3% YoY to Rs 291.9 crore, helped by a 26.8% YoY decline in provisions. Revenue increases 8.8% YoY to Rs 1,542.1 crore owing to improvements in the treasury, retail and corporate banking segments. The bank's asset quality improves as its gross and net NPAs decline by 19 bps YoY and 49 bps YoY, respectively.

  • Thyrocare Technologies rises sharply as its net profit surges 22.1% YoY in Q4FY25. Revenue increases 21.3% YoY to Rs 187.2 crore, driven by higher sales from the pathology and radiology segments during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding in the past month.

  • JSW Steel CEO Jayant Acharya highlights that safeguard duties and import tariffs support domestic steelmakers, easing margin pressures. He notes that the company may consider acquiring new coking coal assets if they are strategically and commercially viable. Acharya also expects a moderation in imports due to temporary tariffs.

  • Supreme Industries rises as its net profit beats Forecaster estimates by 1% despite falling by 17.2% YoY to Rs 293.9 crore in Q4FY25 due to higher raw materials and inventory costs. Revenue increases marginally by 0.6% YoY to Rs 3,027.1 crore, owing to improvements in the packaging products and consumer products segments. It features in a screener of stocks with growing costs YoY for long-term projects.

  • NTPC Green Energy's board of directors schedules a meeting for April 29 to consider and approve a borrowing limit of Rs 5,000 crore in FY26.

  • Devyani International is rising as it plans to acquire up to 80.7% stake in Sky Gate Hospitality, the parent company of food brands such as Biryani By Kilo, Goila Butter Chicken, and The Bhojan, for approximately Rs 419.6 crore.

  • Jefferies downgrades Waaree Energies to 'Underperform' with a target price of Rs 2,100. The brokerage notes high US module inventories and warns that FY26 imports may fall without protection from new tariffs. It also flags that reinstating the Basic Customs Duty from June 2026 could impact demand from H2FY27. Meanwhile, its Q4 order book fell 5% QoQ to 25.6GW amid weaker overseas demand.

  • Nestle India's net profit falls 6.5% YoY to Rs 873.5 crore in Q4FY25 due to higher raw materials, employee benefits and depreciation & amortisation expenses. However, revenue rises 4.5% YoY to Rs 5,503.9 crore, owing to improvements in the e-commerce, organised trade, and out-of-home (OOH) segments. It shows up in a screener of stocks with PE higher than industry PE.

  • Hindustan Unilever falls sharply as its Q4FY25 net profit declines 3.7% YoY to Rs 2,464 crore due to higher raw materials, inventory, and employee benefits expenses. However, revenue grows 3.4% YoY to Rs 15,979 crore, led by improvements in the home care, beauty & wellbeing, and personal care segments. It shows up in a screener of stocks near their 52-week lows.

  • Bajaj Finance's board of directors schedules a meeting on April 29 to consider a proposal for a bonus issue and stock split of equity shares.

  • TVS Motor is set to announce its Q4 results on April 28. Analysts at Axis Securities expect a ~15% YoY rise in revenue, driven by a similar increase in volumes and a richer domestic vehicle mix, though partly offset by higher export volumes. EBITDA margins are projected to improve by 77 bps YoY, supported by better operating leverage and cost controls, despite some pressure from margin-dilutive EV scooter sales.

  • Lupin receives US FDA approval for its abbreviated new drug application (ANDA) for Tolvaptan Tablets. The tablet, used to treat kidney diseases, recorded US sales of $1.4 billion in CY24.

  • Syngene falls sharply as its net profit declines 2.8% YoY to Rs 183.3 crore due to higher tax expenses. However, revenue grows 11.1% YoY to Rs 1,036.9 crore due to an increase in the biologics contract development and manufacturing organization (CDMO) business. The company's management projects single-digit revenue growth in FY26, compared to estimates of 15%.

  • Radhakishan Damani cuts stake in Sundaram Finance to below 1% in Q4FY25. He held a 2.4% stake in the company in Q3FY25.

  • UBS upgrades India to ‘Neutral’ from ‘Underweight’, citing recovering domestic demand, stable macroeconomic conditions, and improving consumption. It sees an 8% upside for the Nifty 50 over the next year, targeting 26,000, supported by steady earnings despite global risks.

  • Persistent Systems rises sharply as its Q4FY25 net profit grows 25.5% YoY to Rs 395.8 crore. Revenue increases 24.4% YoY to Rs 3,260.5 crore owing to improvements in the banking, financial services & insurance (BFSI), healthcare & life services, and software, hi-tech & emerging industries segments. It appears in a screener of stocks with increasing revenue over the past eight quarters.

  • Supreme Petrochem is rising as its net profit beats Forecaster estimates by 28% despite falling 18.7% YoY to Rs 106.9 crore due to inventory buildup in Q4FY25, impacting margins. Revenue decreases 1.5% YoY to Rs 1,539 crore during the quarter. The company appears in a screener of stocks with declining profits every quarter for the past three quarters.

  • Spandana Sphoorty’s Managing Director (MD) and Chief Executive Officer (CEO), Shalabh Saxena, tenders his resignation, effective April 23. The board appoints Ashish Kumar Damani as the company’s interim CEO.

  • The Institute of Chartered Accountants of India (ICAI) is set to investigate Gensol Engineering and BluSmart Mobility’s FY24 financials over fraud claims, following SEBI’s findings of fund diversion and governance lapses. This marks the second suo motu case by ICAI’s Financial Reporting Review Board (FRRB) in just over a month, highlighting a push for stronger auditor accountability.

  • Samhi Hotels is rising as it partners with Singapore’s sovereign wealth fund GIC to expand and upgrade hotel assets in India. GIC will acquire a 35% stake in three SAMHI subsidiaries for Rs 752 crore. Post-deal, the company expects to reduce debt by Rs 580 crore and achieve a 15–20% increase in profit.

  • Dalmia Bharat is rising as its net profit grows 38.1% YoY to Rs 435 crore in Q4FY25, led by lower power & fuel and freight expenses. However, revenue declines 5.5% YoY to Rs 4,184 crore due to a reduction in sales volumes. It appears in a screener of stocks with improving cash flow from operations for the last two years.

  • Tata Consumer Products' net profit grows 59.2% YoY to Rs 344.9 crore in Q4FY25, helped by price hikes. Revenue increases 17.4% YoY to Rs 4,608.2 crore, driven by higher sales from the India and International business segments during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • LTIMindtree's Q4FY25 net profit grows 4% QoQ to Rs 1,128.5 crore owing to lower sub-contracting and finance costs but misses Forecaster estimates by 2.8%. Revenue increases 1.1% QoQ, helped by improvements in the banking, financial services & insurance (BFSI), technology, media & communications and consumer business segments. It shows up in a screener of stocks where insiders sold their stakes.

  • Nifty 50 was trading at 24,272.05 (-56.9, -0.2%), BSE Sensex was trading at 79,903.40 (-213.1, -0.3%) while the broader Nifty 500 was trading at 22,218.75 (-18.9, -0.1%).

  • Market breadth is highly positive. Of the 1,951 stocks traded today, 1,367 were in the positive territory and 534 were negative.

Riding High:

Largecap and midcap gainers today include Thermax Ltd. (3,632, 5.3%), Divi's Laboratories Ltd. (6,215.50, 4.9%) and Dalmia Bharat Ltd. (1,974.10, 4.5%).

Downers:

Largecap and midcap losers today include Hindustan Unilever Ltd. (2,325.30, -4.1%), Macrotech Developers Ltd. (1,320.20, -3.4%) and Varun Beverages Ltd. (532.35, -3.1%).

Volume Rockets

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

Top high volume gainers on BSE included KIOCL Ltd. (284.46, 12.6%), Newgen Software Technologies Ltd. (1,101.40, 10.9%) and MMTC Ltd. (61.85, 10.8%).

Top high volume losers on BSE were Syngene International Ltd. (653.40, -12.8%), Hindustan Unilever Ltd. (2,325.30, -4.1%) and Laurus Labs Ltd. (645.50, -0.8%).

Natco Pharma Ltd. (902.85, 6.9%) was trading at 49.0 times of weekly average. GlaxoSmithKline Pharmaceuticals Ltd. (2,916, 2.4%) and Tamilnad Mercantile Bank Ltd. (456.55, 3.6%) were trading with volumes 19.6 and 12.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

12 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Bajaj Finance Ltd. (9,301, -0.2%), Bajaj Finserv Ltd. (2,105, 0.2%) and Divi's Laboratories Ltd. (6,215.50, 4.9%).

16 stocks climbed above their 200 day SMA including Newgen Software Technologies Ltd. (1,101.40, 10.9%) and Tamilnad Mercantile Bank Ltd. (456.55, 3.6%). 9 stocks slipped below their 200 SMA including Blue Star Ltd. (1,849.60, -3.9%) and 360 One Wam Ltd. (1,018.25, -3.9%).

 
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