Trendlyne Marketwatch
Trendlyne Marketwatch
02 May 2025, 03:55PM
Market closes flat, Ami Organics' Q4 net profit beats Forecaster estimates by 30%
By Trendlyne Analysis

 

 

Nifty 50 closed at 24,346.70 (12.5, 0.1%) , BSE Sensex closed at 80,501.99 (259.8, 0.3%) while the broader Nifty 500 closed at 22,006 (-24.1, -0.1%). Market breadth is in the red. Of the 2,416 stocks traded today, 961 were on the uptick, and 1,409 were down.

Indian indices closed flat after switching between gains and losses throughout the day. The Indian volatility index, Nifty VIX, rose 0.2% and closed at 18.2 points. Bajaj Auto closed 2.8% lower as it reported a 6% YoY decline in total wholesales to 3,65,810 units in April. Its domestic two-wheeler sales declined 13% YoY to 1,83,006 units.

Nifty Midcap 100 closed in the red, while Nifty Smallcap 100 closed flat. S&P BSE Services & S&P BSE Dollex 30 were among the top index gainers today. According to Trendlyne’s Sector dashboard, Transportation emerged as the best-performing sector of the day, with a rise of 1.6%.

Asian indices closed higher, while European indices are trading in the green except Russia’s MOEX & RTSI indices. US index futures traded higher, indicating a positive start to the trading session. China signaled willingness to negotiate with the US, with a Commerce Ministry spokesperson confirming that Washington had recently sent messages through official channels to initiate bilateral trade talks. Meanwhile, Japan stepped up efforts to secure a trade deal by June. Apple, which manufactures about 90% of its devices in China, flagged a $900 million hit in Q2 due to Trump's tariffs.

  • Relative strength index (RSI) indicates that stocks like MRF, Max Financial Services, SBI Life Insurance and Reliance Industries are in the overbought zone.

  • Indian Overseas Bank is rising as its Q4FY25 net profit grows 30% YoY to Rs 1,051.1 crore. Revenue increases 15.2% YoY to Rs 7,633.6 crore owing to improvement in the retail banking segment. The bank's asset quality improves as its gross and net NPAs decline by 96 bps YoY and 20 bps YoY, respectively.

  • Ami Organics rises sharply as its Q4FY25 net profit grows 148.4% YoY to Rs 62.5 crore. Revenue increases 38.8% YoY to Rs 314.3 crore, supported by strong growth in its advanced intermediates segment. The stock appears in a screener of companies where foreign institutional investors (FIIs) raised their stakes in Q4FY25.

  • Ashok Leyland reports total wholesales of 13,421 units in April, a 6% decrease compared to 14,271 units in April 2024. Its Medium and Heavy Commercial Vehicles (M&HCV) sales decline to 8,153 units in April, marking a 5% decrease from 8,611 units last year.

  • Alembic Pharmaceuticals receives final approval from the US Food & Drug Administration (US FDA) to manufacture Ticagrelor Tablets. The tablet to prevent heart attacks and strokes. According to IQVIA, the drug has a market size of $1 bn as of March 2025.

  • Nitco is rising as it receives an order worth Rs 111 crore from Prestige Estates Projects to supply tiles and marbles.

  • Godrej Properties is rising as its revenue grows 48.8% YoY to Rs 2,121.7 crore in Q4FY25, helped by improvements in the real estate and hospitality segments. Net profit falls 18.9% YoY to Rs 382 crore due to higher raw materials costs and a surprise loss from JVs and associates. The company shows up in a screener of stocks with improving book value over the past two years.

  • Newgen Software rises sharply as its Q4FY25 net profit grows 21.7% QoQ to Rs 108.3 crore, owing to lower depreciation & amortisation expenses. Revenue increases 14% QoQ to Rs 444 crore, helped by improvements in the Indian, Europe, the Middle East and Africa (EMEA), Asia-Pacific (APAC), and USA markets. It features in a screener of stocks with high trailing twelve month (TTM) earnings per share (EPS) growth.

  • India's GST collections for April touch an all-time high of Rs 2.4 lakh crore, marking a 12.6% YoY increase from Rs 2.1 lakh crore in April 2024. Domestic transaction grows 10.7% YoY to 1.9 lakh crore. Revenue from imported goods rises 20.8% YoY to Rs 46,913 crore.

  • HBL Engineering is rising as it secures an order worth Rs 145.8 crore from the Western Railway to implement the Kavach system across 48 stations covering 428 km.

  • RailTel Corporation rises sharply as its Q4FY25 revenue grows 56% YoY to Rs 1,328.7 crore, and net profit increases 46.3% to Rs 113.5 crore, driven by higher revenue from telecom services and the Project Work Services vertical.

  • JSW Infrastructure is rising as its Q4FY25 net profit grows 54.3% YoY to Rs 509.4 crore, helped by lower tax expenses. Revenue increases 14.3% YoY to Rs 1,371.9 crore, helped by an improvement in the port operations and logistic operations segments. It appears in a screener of stocks with reducing debt.

  • Bajaj Auto reports total wholesales of 3,65,810 units in April, a 6% decrease compared to 3,88,256 units in April 2024. Domestic two-wheeler sales decline 13% YoY to 1,83,006 units, while exports rise 4% YoY to 1,45,804 units. Commercial vehicle sales increased 3% YoY to 47,873 units.

  • Godrej Agrovet plunges as its net profit misses Forecaster estimates by 12.8% despite rising 23.9% YoY to Rs 70.8 crore in Q4FY25 helped by inventory destocking and lower tax expenses. Revenue remains flat YoY at Rs 2,133.6 crore. The company appears in a screener of stocks with increasing trend in non-core income.

  • Sundram Fasteners is rising as its revenue grows 4.4% YoY to Rs 1,530.6 crore in Q4FY25. However, net profit decreases 6.8% YoY to Rs 124.4 crore due to higher materials cost and employee benefit expenses during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding over the past two months.

  • Reliance Power’s subsidiary, Reliance NU Suntech, plans to develop a solar and battery energy storage system (BESS) project within the next 24 months, with an investment of up to Rs 10,000 crore.

  • Oil prices decline at the end of a volatile week as traders weigh a potential supply increase from OPEC+ and the impact of the ongoing trade war on demand, against the fresh threat of US sanctions on Iranian oil. Brent crude trades around $62 a barrel, on track for a weekly loss of over 7%, while West Texas Intermediate hovers near $59. The Saudi-led alliance is set to meet on Monday to decide June's supply policy.

  • Phoenix Mills is falling as its net profit declines 17.7% YoY to Rs 268.8 crore in Q4FY25. Revenue decreases 22.2% YoY to Rs 1,016.3 crore due to lower contribution from the residential business. The company appears in a screener of stocks underperforming their industry over the past quarter.

  • Jindal Steel & Power is falling as it posts a net loss of Rs 303.6 crore in Q4FY25 compared to a net profit of Rs 933.5 crore in Q4FY24 due to higher provisions for mining assets. Revenue declines 2% YoY to Rs 13,254.9 crore during the quarter. It shows up in a screener of stocks with high promoter pledges.

  • Indus Towers shares fall sharply after the board of directors defers the announcement of the bonus issue and share buyback programme in its April 30 meeting. According to the April 27 exchange filing, the company had announced that its board would consider both proposals at the meeting.

  • Ajay Goel, CFO of Vedanta, states that the company’s resource-related debt has reduced to Rs 5 billion and is expected to decline further to Rs 3 billion over the next two years. He anticipates aluminium EBITDA to remain steady at $1,000 per tonne, generating around Rs 4,500 crore per quarter. Goel also confirms that the company’s demerger process is progressing as planned and is on track for completion by September 2025.

  • PNB Housing Finance rises as 2.7 crore shares (10.4% stake) worth approximately Rs 2,603.9 crore reportedly change hands in a block deal at an average price of Rs 960 per share. Private equity firm Carlyle is likely the seller in the transaction.

  • Adani Ports & SEZ rises sharply as its Q4FY25 net profit grows 47.8% YoY to Rs 3,014.2 crore. Revenue increases 21.8% YoY to Rs 8,769.6 crore, driven by improvements in the ports and special economic zones (SEZ) business. It features in a screener of stocks with high trailing twelve-month (TTM) earnings per share (EPS) growth.

  • Federal Bank's net profit rises 13.7% YoY to Rs 1,030.2 crore in Q4FY25. Revenue increases 11.2% YoY to Rs 6,648.4 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 29 bps and 16 bps YoY, respectively.

  • Eternal (Zomato) reports a 77.7% YoY decline in Q4FY25 net profit to Rs 39 crore due to higher costs related to inventory, employee benefits, finance, advertisement & sales promotion, and delivery & related expenses. However, revenue grows 63.3% YoY to Rs 6,201 crore, led by improvements in the Indian food ordering & delivery, hyperpure supplies, quick commerce, and going out segments. It shows up in a screener of stocks with declining net profit for the past three quarters.

  • Nifty 50 was trading at 24,410.50 (76.3, 0.3%), BSE Sensex was trading at 80,300.19 (58.0, 0.1%) while the broader Nifty 500 was trading at 22,097.25 (67.2, 0.3%).

  • Market breadth is ticking up strongly. Of the 1,968 stocks traded today, 1,294 were on the uptick, and 623 were down.

Riding High:

Largecap and midcap gainers today include Adani Ports & Special Economic Zone Ltd. (1,267.10, 4.2%), Godrej Properties Ltd. (2,249.30, 4.1%) and Indian Oil Corporation Ltd. (143.28, 3.9%).

Downers:

Largecap and midcap losers today include Phoenix Mills Ltd. (1,537.30, -7.6%), Indus Towers Ltd. (379.30, -7.1%) and JSW Steel Ltd. (973.20, -5.5%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Timken India Ltd. (2,728.40, 11.3%), CreditAccess Grameen Ltd. (1,162.90, 6.8%) and Nuvoco Vistas Corporation Ltd. (338.10, 5.9%).

Top high volume losers on BSE were Godrej Agrovet Ltd. (665.45, -13.6%), Phoenix Mills Ltd. (1,537.30, -7.6%) and Indus Towers Ltd. (379.30, -7.1%).

CIE Automotive India Ltd. (395.90, -2.5%) was trading at 6.2 times of weekly average. Crisil Ltd. (4,664.80, 4.8%) and Adani Ports & Special Economic Zone Ltd. (1,267.10, 4.2%) were trading with volumes 5.4 and 4.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

8 stocks took off, crossing 52 week highs, while 3 stocks hit their 52 week lows.

Stocks touching their year highs included - Coromandel International Ltd. (2,249.70, 1.6%), ICICI Bank Ltd. (1,432.40, 0.4%) and UPL Ltd. (680.80, 1.6%).

Stocks making new 52 weeks lows included - Sheela Foam Ltd. (663.50, 3.0%) and Praj Industries Ltd. (451.95, -2.0%).

13 stocks climbed above their 200 day SMA including Nuvoco Vistas Corporation Ltd. (338.10, 5.9%) and Atul Ltd. (7,040, 4.4%). 23 stocks slipped below their 200 SMA including Godrej Agrovet Ltd. (665.45, -13.6%) and Data Patterns (India) Ltd. (2,310.30, -7.1%).

 
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