Trendlyne Marketwatch
Trendlyne Marketwatch
28 Apr 2025, 04:05PM
Market closes higher, KPIT Tech's net profit grows 30.9% QoQ to Rs 244.7 crore in Q4
By Trendlyne Analysis

 

 

Nifty 50 closed at 24,328.50 (289.2, 1.2%), BSE Sensex closed at 80,218.37 (1,005.8, 1.3%) while the broader Nifty 500 closed at 22,101.85 (253.7, 1.2%). Market breadth is even. Of the 2,443 stocks traded today, 1,194 were on the uptrend, and 1,202 went down.

Indian indices closed in the green. The Indian volatility index, Nifty VIX, fell 1.3% and closed at 16.9 points. Reliance Industries closed 5.3% higher as its Q4FY25 net profit grew 19.3% YoY to Rs 22,611 crore and beat Forecaster estimates 23.6% due to lower inventory and excise duty expenses.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green. Nifty Auto and Nifty PSU Bank closed higher. According to Trendlyne’s sector dashboard, Oil & Gas emerged as the best-performing sector of the day, with a rise of 4.1%.

European indices are trading mixed. Major Asian indices closed mixed. US index futures are trading lower, indicating a negative start to the session. Brown & Brown, NXP Semiconductors, Nucor Corporation, and Cincinnati Financial are set to report their earnings later today. Meanwhile, NVIDIA falls on reports that China’s Huawei Technologies is set to test a new AI chip, Ascend 910D, to replace some of its higher-end products.

  • Money flow index (MFI) indicates that stocks like Max Financial Services, SBI Life Insurance, MRF, and AU Small Finance Bank are in the overbought zone.

  • KPIT Technologies is rising as its Q4FY25 net profit grows 30.9% QoQ to Rs 244.7 crore, helped by lower finance costs. Revenue increases 5.1% QoQ to Rs 1,574.5 crore, driven by improvements in the Americas and the rest of the world markets. It appears in a screener of stocks with increasing revenue for the past eight quarters.

  • Indian Overseas Bank is rising as its board of directors schedules a meeting for May 2 to consider the capital raising plan for FY26 by issuing equity shares.

  • Zensar Technologies rises sharply as its Q4FY25 net profit grows 10.4% QoQ to Rs 176.4 crore. Revenue rises 2.5% QoQ to Rs 1,358.9 crore, attributed to improvements in the digital & application services and cloud infrastructure & security segments. The company features in a screener of stocks with consistent highest returns over the past five years.

  • IOL Chemicals and Pharmaceuticals declines following a gas leak incident at its factory in Fatehgarh Chhana village, Barnala, Punjab. The incident involved the accidental release of hydrogen sulfide (H?S), a highly toxic gas, caused by the excessive use of hydrochloric acid (HCl) during a procedural operation. The leak resulted in one fatality and injured four individuals.

  • Ramkrishna Forgings falls sharply after discovering inventory discrepancies during its annual physical verification, estimating a 4-5% impact on its net worth. The company has appointed an external agency to investigate the matter.

  • Tata Technologies is rising as its net profit grows 12% QoQ to Rs 188.9 crore in Q4FY25, owing to lower expenses on purchases of technology solutions and employee benefits. Revenue remains flat at Rs 1,342.7 crore during the quarter. It appears in a screener of stocks with no debt.

  • Sonata Software rises sharply as it secures a $73 million (approximately Rs 622.2 crore) digital modernisation contract with a US-based Technology, Media, and Telecom (TMT) company. The company will set up an AI-enabled center in India to support the client’s engineering, cloud services, integration, and security needs.

  • Kotak Securities projects a 32% YoY growth in Bajaj Finance’s assets under management (AUM) and a 23% increase in net interest income (NII) in Q4FY25. The brokerage expects profit after tax (PAT) to grow by 17.6% YoY, driven by robust loan growth across various segments.

  • RBL Bank surges as its net profit beats Forecaster estimates by 186.3% despite falling 80.5% YoY to Rs 68.7 crore in Q4FY25 due to higher provisions. However, revenue increases 4.1% YoY to Rs 3,475.6 crore, driven by improvements in the treasury, wholesale, and retail banking segments during the quarter. The bank's asset quality improves as its gross and net NPAs contract by 5 bps and 45 bps YoY, respectively.

  • Manorama Industries surges to its all-time high of Rs 1,339.9 per share as its Q4FY25 net profit jumps 3.4x YoY to Rs 42.3 crore. Revenue increases 81.7% YoY to Rs 241.9 crore during the quarter. It features in a screener of stocks with consistently high returns over five years.

  • Tejas Networks plunges as it posts a net loss of Rs 71.8 crore in Q4FY25, compared to a net profit of Rs 146.8 crore in Q4FY24 due to higher raw materials, inventory, and finance costs. However, revenue grows 43% YoY to Rs 1,915 crore, helped by improvements in the domestic and international businesses. It shows up in a screener of stocks with low Piotroski scores.

  • Crude oil prices in Asia increase marginally amid ongoing uncertainty surrounding US-China trade talks and the planned supply increase by OPEC+, set to begin on May 5. Trade tensions, driven by US tariffs and China’s retaliatory actions, have raised concerns over global economic growth and fuel demand, adding to market volatility. Brent crude trades around $65-67 per barrel, reflecting these mixed pressures.

  • Lloyds Metals & Energy is falling as its net profit drops 27.1% YoY to Rs 201.9 crore in Q4FY25. Revenue decreases 23.2% YoY to Rs 1,193.3 crore due to lower sales from the mining, power, and pellet trading segments during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Goldman Sachs buys 59.8 crore shares worth Rs 457.9 crore in Vodafone Idea via a block deal on Friday. Meanwhile, Nokia Solutions and Networks India offload stakes in the company.

  • L&T Finance's net profit rises 14.9% YoY to Rs 636.2 crore in Q4FY25. Revenue grows 9.6% YoY to Rs 4,022.9 crore, helped by higher interest income. It features in a screener of stocks where promoters are decreasing their shareholding.

  • Warren Harris, MD and CEO of Tata Technologies, acknowledges the ongoing uncertainty in the macroeconomic landscape and the fluid nature of the current tariff situation. He emphasizes the company's focus on safeguarding profit margins amid these challenges. While the BMW joint venture is progressing ahead of schedule, he notes that their key client, Jaguar Land Rover, is experiencing some difficulties. Harris believes there will be more clarity regarding tariffs within the next month.

  • HAL rises sharply as India and France are set to finalise a Rs 63,000 crore deal for 26 Rafale-M fighter jets. Reports suggest deliveries will begin three and a half years after the contract is signed.

  • DCB Bank rises sharply as its net profit grows 13.7% YoY to Rs 177.1 crore in Q4FY25. Revenue increases 20.6% YoY to Rs 1,741.9 crore, driven by improvements in the treasury and retail banking segments. The bank's asset quality improves during the quarter as its gross NPAs contract by 24 bps YoY.

  • M&M plans to acquire around 59% stake in SML Isuzu for Rs 555 crore to strengthen its position in the commercial vehicle segment above 3.5 tonnes. The deal is expected to double its share to 6% from the current 3%.

  • Ather Energy raises Rs 1,340 crore from 36 anchor investors ahead of its IPO by allotting around 4.2 crore shares at Rs 321 each. Investors include SBI, Custody Bank of Japan, Aditya Birla Sun Life Insurance, Abu Dhabi Investment Authority, Invesco, Franklin Templeton, ICICI Prudential, Morgan Stanley, and Societe Generale.

  • Zydus Lifesciences receives Form 483 with six observations from the US FDA following an inspection at its active pharmaceutical ingredient (API) facility in Gujarat.

  • Indus Tower’s board of directors schedules a meeting on April 30 to consider a proposal for a bonus issue and buyback of equity shares.

  • IDFC First Bank is falling as its net profit plunges 59.6% YoY to Rs 304.1 crore in Q4FY25, impacted by a sharp rise in provisions and contingencies. However, revenue increases 14.5% YoY to Rs 9,412.9 crore, driven by improvements in the treasury, wholesale, and retail banking segments. The bank's asset quality improves during the quarter as its gross and net NPAs contract by 1 bps and 7 bps YoY, respectively.

  • Reliance Industries' Q4FY25 net profit grows 19.3% YoY to RS 22,611 crore owing to lower inventory and excise duty expenses. Revenue increases 10.5% YoY to Rs 2.7 lakh crore, helped by improvements in the oil to chemicals (O2C), retail and digital services segments. It features in a screener of stocks with improving cash flow over the past two years.

  • Nifty 50 was trading at 24,131.55 (92.2, 0.4%), BSE Sensex was trading at 79,343.63 (131.1, 0.2%) while the broader Nifty 500 was trading at 21,925.30 (77.2, 0.4%).

  • Market breadth is in the red. Of the 1,984 stocks traded today, 874 showed gains, and 1,053 showed losses.

Riding High:

Largecap and midcap gainers today include Hindustan Aeronautics Ltd. (4,426.30, 5.5%), Reliance Industries Ltd. (1,368.80, 5.3%) and Bharat Petroleum Corporation Ltd. (310, 4.8%).

Downers:

Largecap and midcap losers today include Shriram Finance Ltd. (622, -5.1%), 3M India Ltd. (29,430, -2.0%) and HCL Technologies Ltd. (1,549.30, -1.8%).

Volume Shockers

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

Top high volume gainers on BSE included Garden Reach Shipbuilders & Engineers Ltd. (1,749.60, 8.2%), Mishra Dhatu Nigam Ltd. (313.15, 7.5%) and Bharat Dynamics Ltd. (1,486.50, 5.2%).

Top high volume losers on BSE were Tejas Networks Ltd. (747.85, -12.9%), Shriram Finance Ltd. (622, -5.1%) and Ramkrishna Forgings Ltd. (624.75, -4.9%).

Chalet Hotels Ltd. (812.90, -1.5%) was trading at 4.7 times of weekly average. KPIT Technologies Ltd. (1,231.20, 0.8%) and Bajaj Finserv Ltd. (2,049.70, 0.2%) were trading with volumes 3.7 and 3.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

3 stocks made 52 week highs, while 1 stock tanked below their 52 week lows.

Stocks touching their year highs included - UltraTech Cement Ltd. (12,114, -1.0%), Krishna Institute of Medical Sciences Ltd. (671.25, -0.5%) and Anupam Rasayan India Ltd. (859.60, 0.4%).

Stock making new 52 weeks lows included - Ramkrishna Forgings Ltd. (624.75, -4.9%).

15 stocks climbed above their 200 day SMA including Garden Reach Shipbuilders & Engineers Ltd. (1,749.60, 8.2%) and Hindustan Aeronautics Ltd. (4,426.30, 5.5%). 18 stocks slipped below their 200 SMA including Shriram Finance Ltd. (622, -5.1%) and Equitas Small Finance Bank Ltd. (66.97, -4.3%).

 
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