Trendlyne Marketwatch
Trendlyne Marketwatch
30 Apr 2025, 03:56PM
Market closes flat, Vedanta's net profit grows 154.4% YoY to Rs 3,483 crore in Q4
By Trendlyne Analysis

 

Nifty 50 closed at 24,334.20 (-1.8, 0.0%), BSE Sensex closed at 80,242.24 (-46.1, -0.1%) while the broader Nifty 500 closed at 22,030.05 (-82.4, -0.4%). Market breadth is moving down. Of the 2,421 stocks traded today, 494 were on the uptrend, and 1,891 went down.

Indian indices closed flat after switching between losses and gains throughout the day. The Indian volatility index, Nifty VIX, rose 4.9% and closed at 18.2 points. Schaeffler India closed 5.4% higher as its net profit grew 14.5% YoY to Rs 251.6 crore in Q4FY25, owing to lower inventory costs.

Nifty Smallcap 100 and Nifty Midcap 100 closed lower. Nifty PSU Bank and S&P BSE SME IPO Indices were among the top index losers today. According to Trendlyne’s sector dashboard, Diversified emerged as the worst-performing sector of the day, with a fall of 3.8%.

Asian indices closed in the green, except for India’s Nifty 50 and Korea’s KOSPI, which closed flat and lower, respectively. European indices are trading mixed. US index futures are trading lower or flat, indicating a negative start to the trading session. Investors focus on key earnings from Microsoft and Meta Platforms. Brent crude futures are trading lower after falling 2.3% on Tuesday.

  • Money flow index (MFI) indicates that stocks like Max Financial Services, Poly Medicure, Data Patterns India, and Atul are in the overbought zone.

  • Vedanta's net profit grows 154.4% YoY to Rs 3,483 crore in Q4FY25 owing to lower power & fuel and other expenses. Revenue rises 13.9% YoY to Rs 40,455 crore, led by improvements in the zinc, lead, & silver, aluminium, and copper segments. It appears in a screener of stocks with increasing revenue every quarter for the past three quarters.

  • Gland Pharma receives US FDA approval for its abbreviated new drug application (ANDA) for Latanoprostene Bunod Ophthalmic Solution. The drug is used to treat glaucoma or ocular hypertension. According to IQVIA, the drug has a market size of $171 million as of February 2025.

  • Balmer Lawrie’s board of directors schedules a meeting on May 21 to consider a proposal for a bonus issue, stock split, and buyback of equity shares.

  • Adani Green plans a Rs 31,000 crore capital expenditure for FY26. CEO Ashish Khanna highlights the company’s recent capacity additions are the largest by any renewable energy firm in India, more than double that of any other developer. He adds that over 4 GW of renewable power has been operationalized in Khavda, with the company on track to achieve 30 GW capacity in the region by 2029.

  • Jana Small Finance Bank is falling sharply as its Q4FY25 net profit declines 61.6% YoY to Rs 123.5 crore due to higher interest and employee benefits expenses. However, revenue grows 11% YoY to Rs 1,433.2 crore, attributed to improvements in the corporate and retail banking segments. The bank's asset quality worsens as its gross and net NPAs rise 60 bps and 38 bps YoY, respectively.

  • Coforge to sell its entire stake in Coforge Advantage Go to Sapiens UK for £43 million (approximately Rs 487.6 crore) as part of a business restructuring plan. The deal is expected to close within 4 to 6 weeks.

  • Varun Beverages' net profit misses Forecaster estimates by 1.7% despite growing 35.2% YoY to Rs 726.5 crore. Revenue increases 29.1% YoY to Rs 5,680 crore, led by improvements in the carbonated soft drink (CSD) and non-carbonated beverages (NCB) segments. It shows up in a screener of stocks where mutual funds increased their shareholding over the past quarter.

  • Zydus Lifesciences secures final approval from the US FDA for its Niacin Extended-Release tablets, used to lower elevated total cholesterol. According to IQVIA, the tablets recorded annual US sales of $5.5 million as of February 2025.

  • Sandur Manganese & Iron Ore rises sharply as it receives approval from the Karnataka State Pollution Control Board (KSPCB) to expand its iron ore production to 4.4 million tonnes per annum (MTPA) from 3.8 MTPA.

  • Schaeffler India rises sharply as its Q4FY25 net profit grows 14.5% YoY to Rs 251.6 crore, owing to lower inventory costs. Revenue increases 15.9% YoY to Rs 2,208 crore, led by improvements in the automotive technologies, vehicle lifetime solutions, and bearings & industrial solutions segments. It features in a screener of stocks with high gains and high volume.

  • Alembic Pharmaceuticals is rising as it receives an establishment inspection report (EIR) from the US FDA following an inspection at its oncology formulation facility in Panelav.

  • Dixon Technologies plans to invest Rs 750–800 crore over 2 years in a JV with China’s HKC Corp. to manufacture display modules for smartphones, laptops, and tablets. Dixon holds a 74% stake and HKC 26%. The JV has applied for approval under the Electronics Components Manufacturing Scheme (ECMS). The JV plans to invest Rs 250 crore initially, with production starting 8–10 months post-approval (likely Q3FY26), beginning with 2 million mobile displays/month and later scaling to 4 million.

  • Ceat rises sharply as its Q4FY25 revenue grows 3.7% YoY to Rs 3,420.6 crore, beating Forecaster estimates by 2.6%. However, its net profit falls 8.4% YoY to Rs 99.5 crore due to higher raw material, employee benefits and finance costs. It appears in a screener of stocks with zero promoter pledges.

  • Bajaj Finance's net profit grows 17.1% YoY to Rs 4,479.6 crore in Q4FY25. Revenue increases 23.6% YoY to Rs 18,456.9 crore, driven by a 26% YoY growth in assets under management (AUM). The company's board approves a 4:1 bonus share issue and also clears a 1-for-1 stock split.

  • CIE Automotive India is falling as its net profit declines 10.5% YoY to Rs 206.4 crore in Q4FY25. Revenue decreases 6.4% YoY to Rs 2,272.6 crore due to lower contributions from the Indian and European markets during the quarter. The company appears in a screener of stocks with expensive valuations according to Trendlyne's valuation score.

  • Premier Explosives falls by over 12% due to an accidental fire and explosion at its factory in Bhuvanagiri district, Telangana, on April 29. Three workers lost their lives, while six others were injured. The cause of the blast is under investigation, with authorities examining potential negligence or safety violations.

  • Samhi Hotels is falling as Blue Chandra Pte exits by selling its entire 3.9% stake at an average price of Rs 174.3 per share for Rs 152.01 crore via a block deal.

  • V-Mart Retail’s board of directors schedules a meeting on May 2 to consider a proposal for a bonus issue of shares.

  • IndusInd Bank is falling as its Managing Director (MD) and Chief Executive Officer (CEO), Sumant Kathpalia, tenders his resignation, effective April 29.

  • Trent's Q4FY25 net profit declines 36% YoY to Rs 318.2 crore due to higher inventory & depreciation expenses. However, its revenue increases 27.2% YoY driven by strong performance in its fashion brand 'Zudio'. The company's Chairman, Noel Tata, believes full-year performance reflects revenues, profitability, and expansion better than any quarter due to business seasonality, real estate trends, and inventory strategy.

  • SBI’s board of directors schedules a meeting on May 3 to consider the capital-raising plan for FY26 by issuing equity shares through a follow-on public offer (FPO), rights issue, or a qualified institutional placement (QIP).

  • IndiaMART InterMESH is rising as its Q4FY25 net profit surges 81.3% YoY to Rs 180.6 crore, helped by lower finance and depreciation & amortisation expenses. Revenue grows 18.4% YoY to Rs 463.9 crore, led by improvements in the web & related services and accounting software services segments. It features in a screener of stocks with increasing revenue for the past eight quarters.

  • Praj Industries falls sharply as its net profit declines 56.7% YoY to Rs 39.8 crore in Q4FY25 due to higher employee benefit expenses, finance costs, and depreciation. Revenue decreases 15.6% YoY to Rs 859.7 crore segments during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Bharat Petroleum Corp's Q4FY25 net profit declines 8.3% YoY to Rs 4,391.8 crore due to higher raw materials, excise duty, and depreciation & amortisation expenses. Revenue decreases 4.3% YoY to Rs 1.1 lakh crore during the quarter. It shows up in a screener of stocks with low Piotroski scores.

  • Nifty 50 was trading at 24,287.30 (-48.7, -0.2%), BSE Sensex was trading at 80,370.80 (82.4, 0.1%) while the broader Nifty 500 was trading at 22,029 (-83.4, -0.4%).

  • Market breadth is moving down. Of the 1,881 stocks traded today, 349 were on the uptick, and 1,479 were down.

Riding High:

Largecap and midcap gainers today include Bharti Hexacom Ltd. (1,689.10, 5.7%), Schaeffler India Ltd. (3,460, 5.4%) and Indraprastha Gas Ltd. (192.59, 4.1%).

Downers:

Largecap and midcap losers today include Bajaj Finserv Ltd. (1,951.60, -5.6%), Bajaj Finance Ltd. (8,634.50, -5.0%) and Gujarat Gas Ltd. (445.85, -4.8%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Sonata Software Ltd. (421.55, 12.1%), Ceat Ltd. (3,332, 8.9%) and R R Kabel Ltd. (1,038.50, 5.7%).

Top high volume losers on BSE were Praj Industries Ltd. (461.30, -9.3%), Shoppers Stop Ltd. (510, -7.0%) and Westlife Foodworld Ltd. (670.70, -6.7%).

Schaeffler India Ltd. (3,460, 5.4%) was trading at 27.4 times of weekly average. Star Health and Allied Insurance Company Ltd. (389.80, -2.1%) and IndiaMART InterMESH Ltd. (2,308.10, -1.0%) were trading with volumes 9.2 and 7.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

4 stocks took off, crossing 52 week highs, while 1 stock were underachiever and hit their 52 week lows.

Stocks touching their year highs included - Chambal Fertilisers & Chemicals Ltd. (692.65, 0.2%), Max Financial Services Ltd. (1,300, -0.5%) and Mazagon Dock Shipbuilders Ltd. (3,057.60, 1.0%).

Stock making new 52 weeks lows included - Sheela Foam Ltd. (644.30, -2.0%).

9 stocks climbed above their 200 day SMA including Maruti Suzuki India Ltd. (12,257, 3.5%) and Nippon Life India Asset Management Ltd. (638.70, 2.6%). 19 stocks slipped below their 200 SMA including Five-Star Business Finance Ltd. (705.95, -6.4%) and PTC Industries Ltd. (12,794, -5.9%).

 
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