Trendlyne Marketwatch
Trendlyne Marketwatch
06 May 2025, 03:53PM
Market closes lower, Polycab's Q4 net profit beat Forecaster estimates by 17.8%
By Trendlyne Analysis

 

 

Nifty 50 closed at 24,379.60 (-81.6, -0.3%) , BSE Sensex closed at 80,641.07 (-155.8, -0.2%) while the broader Nifty 500 closed at 21,956.60 (-238.6, -1.1%). Market breadth is moving down. Of the 2,427 stocks traded today, 382 were gainers and 2,013 were losers.

Indian indices closed in the red after extending losses from the afternoon session. The Indian volatility index, Nifty VIX, rose 3.6% and closed at 19 points. Ather Energy's shares made their debut on the bourses at a 2.2% premium to the issue price of Rs 321. The Rs 2,980.8 crore IPO received bids for 1.4 times the total shares on offer. 

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red. Nifty PSU Bank and Nifty Consumer Durables closed lower. According to Trendlyne’s sector dashboard, Hardware Technology & Equipment emerged as the worst-performing sector of the day, with a fall of 3.9%.

European indices are trading mixed. Major Asian indices closed mixed. US index futures are trading lower, indicating a negative start to the session ahead of the Federal Reserve policy meeting, which begins later today. Meanwhile, DoorDash enters an agreement to acquire British rival Deliveroo for about $3.9 billion to expand its reach and take on competition.

  • Money flow index (MFI) indicates that stocks like RR Kabel, Atul, Reliance Industries, and SBI Life Insurance are in the overbought zone.

  • Polycab India rises sharply as its revenue grows 24.9% YoY to Rs 6,985.8 crore in Q4FY25, driven by strong performance in the wires & cables, FMEG, and EPC segments. Net profit increases 33.1% YoY to Rs 726.7 crore, beating Forecaster estimates by 17.8%. It shows up in a screener of stocks outperforming their industry price change in the quarter.

  • Sundaram-Clayton rises sharply as it posts a net profit of Rs 143.6 crore in Q4FY25, compared to a loss of Rs 47.3 crore in Q4FY24, helped by an exceptional gain of Rs 208 crore during the quarter. Revenue increases 5.8% YoY to Rs 586.9 crore. The company features in a screener of stocks with zero promoter pledges.

  • Senores Pharmaceuticals acquires the US FDA-approved abbreviated new drug application (ANDA) for Topiramate tablets from Wockhardt. These tablets are used to treat migraines. According to IQVIA, the drug had a market size of $111.4 million in 2024.

  • Challa Srishant, Managing Director of CCL Products, projects a 10–20% increase in volumes for FY25 and targets 40% growth in the domestic business by FY26. The company looks to expand its global market share to 10% from the current 7%. Srishant expects EBITDA/kg to remain steady at around Rs 120/kg and is confident in the company’s ability to meet volume targets despite rising coffee prices and shorter contract cycles.

  • KR Choksey downgrades Cholamandalam Investment & Finance to an 'Accumulate' call from 'Buy', with a lower target price of Rs 1,627 per share. This indicates a potential upside of 5.4%. The brokerage is cautious on the stock as it expects elevated credit costs in newer segments to persist for the next two quarters before gradual normalization. It expects the firm's net interest income (NII) to grow at a CAGR of 22.2% over FY25-27.

  • Ircon International secures a Rs 187 crore order from Kerala State IT Infrastructure (KSITIL) to construct a rural industrial park in Thiruvananthapuram.

  • Jammu & Kashmir Bank is falling as its net profit declines 8.5% YoY to Rs 584.5 crore due to lower write-backs from provisions in Q4FY25. Revenue increases 10.4% YoY to Rs 3,211.9 crore, driven by improvements in the treasury, wholesale, and retail banking segments during the quarter. The bank's asset quality improves as its gross NPAs contract by 71 bps YoY.

  • India’s manufacturing PMI rises marginally to 58.2 in April, up from 58.1 in March, driven by a modest growth in exports and continued expansion in production, employment, and purchases.

  • Computer Age Management Services (CAMS) falls sharply as its Q4FY25 net profit declines 7.7% QoQ to Rs 114 crore due to higher depreciation & amortisation expenses. Revenue drops 3.9% QoQ to Rs 369.6 crore during the quarter. It appears in a screener of stocks with growing costs YoY for long term projects.

  • Aurobindo Pharma and Sun Pharma fall up to 3% after US President Donald Trump signs an executive order to boost drug manufacturing in the US. Aurobindo Pharma and Dr. Reddy's Laboratories make 48% and 47% of their total revenue from the US market.

  • KPIT Technologies approves the acquisition of four Caresoft entities for $191 million (~Rs 1,613 crore). The deal, to be completed over three years, includes Caresoft’s engineering, benchmarking, and manufacturing solutions segments across key mobility industries.

  • India's Services PMI rises marginally to 58.7 in April, up from 58.5 in March, staying well above the 50-mark. New business volumes rose sharply, and international demand saw its fastest expansion since July 2024.

  • Cummins India falls as its parent company, Cummins Inc., suspends its full-year guidance amid tariff uncertainties. Cummins Inc. had earlier guided revenue growth of -2% to 3%.

  • Ather Energy's shares debut on the bourses at a 2.2% premium to the issue price of Rs 321. The Rs 2,980.8 crore IPO received bids for 1.4 times the total shares on offer.

  • DCM Shriram rises sharply as its net profit surges 51.8% YoY to Rs 178.9 crore in Q4FY25. Revenue increases 19.5% YoY to Rs 2,898 crore, driven by higher caustic soda volumes due to capacity expansion and domestic sugar prices. The firm appears in a screener of stocks where mutual funds increased their stakes in Q4FY25.

  • Shailesh Chandra, President of the Society of Indian Automobile Manufacturers (SIAM), expects the two-wheeler segment to maintain its current growth momentum in FY26, supported by several favourable factors. Manufacturers anticipate that sales will reach pre-pandemic peak levels this year, driven by lower EMIs due to interest rate cuts and increased disposable income from income tax reforms.

  • Ceigall secures a Rs 923 crore order from the National Highways Authority of India (NHAI) to construct a 6-lane Greenfield Southern Ludhiana Bypass highway in Punjab.

  • G R Infraprojects is rising as it receives an order worth Rs 1,257 crore from Bharat Sanchar Nigam Limited (BSNL) for the design and construction of Bharatnet's middle mile network in Kerala.

  • Indian Hotels is falling as its Q4FY25 net profit misses Forecaster estimates by 0.5% despite growing 25% YoY to Rs 522.3 crore. Revenue jumps 27.4% YoY to Rs 2,486.8 crore, helped by improvements in same-store performance and growth of new businesses. It shows up in a screener of stocks with growing costs YoY for long term projects.

  • Puneet Chhatwal, CEO of IHCL, anticipates 25–35% growth from the company's 'Re-imagine' business in FY26 and plans to sustain the current EBITDA margin of 35%. He notes strong occupancy trends in Delhi NCR and Mumbai, while Goa remains the only market where occupancy levels have not improved.

  • CCL Products India rises sharply as its net profit surges 56.2% YoY to Rs 101.9 crore, driven by inventory destocking and lower depreciation cost in Q4FY25. Revenue increases 15% YoY to Rs 835.9 crore during the quarter. The company appears in a screener of stocks with increasing revenue every quarter for the past two quarters.

  • YES Bank rises sharply as Japanese lender, Sumitomo Mitsui Banking Corp (SMBC), is reportedly in talks with State Bank of India to acquire a 51% stake in YES Bank. However, banking sources state that the Reserve Bank of India (RBI) has received no application from SMBC for the acquisition.

  • Patel Engineering is rising as it receives an order worth Rs 1,318.9 crore from the City and Industrial Development Corporation of Maharashtra (CIDCO) to construct the Kondhane Dam using Roller-Compacted Concrete (RCC) technology. The order includes construction of the dam, related civil works, installation of three radial gates, and other electrical and mechanical works.

  • Coforge's Q4FY25 net profit grows 21.2% QoQ to Rs 261.2 crore, driven by a deferred tax return of Rs 29.6 crore. Revenue jumps 1.9% QoQ to Rs 3,441.3 crore, helped by improvements in the Americas, Europe, Middle East & Africa (EMEA), Asia Pacific, and Indian markets. It features in a screener of stocks with rising net cash flow and cash from operating activities.

  • Nifty 50 was trading at 24,455.85 (-5.3, 0.0%), BSE Sensex was trading at 80,791 (-5.8, 0.0%) while the broader Nifty 500 was trading at 22,177.80 (-17.4, -0.1%).

  • Market breadth is in the red. Of the 1,919 stocks traded today, 758 were on the uptrend, and 1,109 went down.

Riding High:

Largecap and midcap gainers today include Hero MotoCorp Ltd. (3,872.60, 2.8%), Coromandel International Ltd. (2,284.10, 2.5%) and Max Healthcare Institute Ltd. (1,156, 2.2%).

Downers:

Largecap and midcap losers today include Bank of Baroda (223.91, -10.1%), Union Bank of India (118.22, -6.3%) and Bank of India (109.07, -6.3%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included CCL Products India Ltd. (694.45, 17.2%), Poly Medicure Ltd. (2,775, 7.1%) and Chambal Fertilisers & Chemicals Ltd. (726.65, 5.2%).

Top high volume losers on BSE were Bank of Baroda (223.91, -10.1%), Vedant Fashions Ltd. (735, -6.9%) and Indian Hotels Company Ltd. (753.25, -6.1%).

DCM Shriram Ltd. (1011.10, -0.6%) was trading at 53.8 times of weekly average. YES Bank Ltd. (17.93, 1.1%) and Kama Holdings Ltd. (2,624, 2.9%) were trading with volumes 8.7 and 8.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

5 stocks made 52 week highs, while 1 stock were underachiever and hit their 52 week lows.

Stocks touching their year highs included - Bharti Airtel Ltd. (1,901, 1.9%), Ceat Ltd. (3,575.90, 4.2%) and Chambal Fertilisers & Chemicals Ltd. (726.65, 5.2%).

Stock making new 52 weeks lows included - Vedant Fashions Ltd. (735, -6.9%).

14 stocks climbed above their 200 day SMA including CCL Products India Ltd. (694.45, 17.2%) and Kama Holdings Ltd. (2,624, 2.9%). 23 stocks slipped below their 200 SMA including Bank of Baroda (223.91, -10.1%) and Union Bank of India (118.22, -6.3%).

 
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