Trendlyne Marketwatch
Trendlyne Marketwatch
16 May 2025, 04:01PM
Market closes lower, Center plans to allocate a defence budget of Rs 7 lakh crore by FY27
By Trendlyne Analysis

 

Nifty 50 closed at 25,019.80 (-42.3, -0.2%) , BSE Sensex closed at 82,330.59 (-200.2, -0.2%) while the broader Nifty 500 closed at 22,870.90 (82.1, 0.4%). Market breadth is surging up. Of the 2,436 stocks traded today, 1,626 were on the uptrend, and 768 went down.

Indian indices closed lower after opening flat, with the Indian volatility index, Nifty VIX, falling 2% and closing at 16.6 points. Crompton Greaves closed 7.4% higher as its Q4FY25 net profit grew 22.5% YoY to Rs 169.5 crore, helped by lower raw materials and finance costs. Revenue increases 5% YoY to Rs 2,076.6 crore during the quarter.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green. S&P BSE Industrials and Nifty PSE were among the best-performing indices of the day. According to Trendlyne’s sector dashboard, Healthcare Equipment & Supplies emerged as the best-performing sector of the day, with a rise of 3.1%.

European indices are trading higher. Major Asian indices closed mixed. US index futures are trading mixed, indicating a cautious start to the session, with investors expecting further developments in the US tariff situation.

  • Relative strength index (RSI) indicates that stocks like Ceat, Apar Industries, RR Kabel and Intellect Design Arena are in the overbought zone.

  • HAL and Mazagon Dock Shipbuilders rise sharply following reports that the Indian Government plans to allocate more than Rs 7 lakh crore towards defence spending by FY27, up from the current Rs 6.8 lakh crore.

  • PB Fintech's (PolicyBazaar) revenue grows 38.4% YoY to Rs 1,507.9 crore in Q3FY25, driven by improvements in insurance brokerage services. Net profit surges 181.6% YoY to Rs 170.6 crore, beating Forecaster estimates by 31%. It appears in a screener of stocks with book value per share improving over the last two years.

  • LT Foods is rising as its Q4FY25 net profit grows 7.9% YoY to Rs 160.5 crore, owing to lower inventory expenses. Revenue increases 8% YoY to Rs 2,259.6 crore, driven by improvements in the basmati and other specialty rice and organic segments. It appears in a screener of stocks with high momentum scores.

  • Jefferies notes that India’s valuations are “expensive again,” after rising 14% from their March lows and approaching last September’s peaks. The brokerage expects moderate earnings and believes the US-India trade deal is a potential near-term catalyst. Jefferies adds defence firm BEL and cement major Ambuja Cements to its Model Portfolio while dropping Shriram Finance and Coal India.

  • Waaree Renewable is rising as it secures an engineering, procurement, and construction (EPC) order worth Rs 114.2 crore from the Government of Maharashtra to develop a 131.6 MW solar power plant under the Mukhyamantri Saur Krushi Vahini Yojana 2.0 (MSKVY 2.0).

  • ZF Commercial Vehicle Control Systems India is falling as its Q4FY25 net profit misses Forecaster estimates by 11.5% despite growing 26.5% YoY to Rs 126.7 crore, driven by inventory destocking. Revenue increases 5.6% YoY to Rs 1,011.9 crore during the quarter. The company appears in a screener of stocks with increasing profits every quarter for the past three quarters.

  • South Indian Bank's Q4FY25 net profit grows 19.2% YoY to Rs 342.4 crore, helped by lower employee benefits expenses. Revenue rises 12.4% YoY to Rs 2,945.8 crore, driven by improvements in the treasury operations, retail and commercial banking segments. The bank's asset quality improves as its gross and net NPAs decline 130 bps YoY and 54 bps YoY, respectively.

  • According to data from the Ministry of Commerce and Industry, India's trade deficit widens to $26.4 billion in April from $21.5 billion in March. Barclays attributes the rise primarily to an unexpected increase in oil imports. While overall exports underperform, shipments to the US show strong double-digit growth, and imports from China increase noticeably in March-April.

  • Patanjali Foods' Q4FY25 net profit grows 73.8% YoY to Rs 358.5 crore, helped by inventory destocking. Revenue increases 16.7% YoY to Rs 9,744.7 crore during the quarter, attributed to an improvement in the edible oils segment. It features in a screener of stocks underperforming their industry price change in the quarter.

  • Crompton Greaves Consumer Electricals rises sharply as its Q4FY25 net profit grows 22.5% YoY to Rs 169.5 crore, helped by lower raw materials and finance costs. Revenue increases 5% YoY to Rs 2,076.6 crore, led by improvements in the electric consumer durables and Butterfly products segments. It appears in a screener of stocks with the highest foreign institutional investor (FII) holdings.

  • Balrampur Chini Mills' Q4FY25 net profit grows 12.7% YoY to Rs 229.1 crore, helped by lower material costs and inventory destocking. Revenue increases 4.8% YoY to Rs 1,503.7 crore, driven by higher sales from the sugar segment during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding over the past two months.

  • Chanchal Agarwal, Chief Investment Officer at Equirus Credence Family Office, says India’s economic outlook is improving as the RBI shifts from earlier monetary tightening. With inflation cooling, she expects the central bank to cut rates by another 50 basis points and maintain surplus liquidity over the next two policy meetings, paving the way for a stronger recovery.

  • LIC Housing Finance's net profit rises 25.4% YoY to Rs 1,368 crore in Q4FY25, surpassing Forecaster estimates by 2.1%. Revenue grew 5% YoY to Rs 7,283.3 crore, driven by higher interest income and gain on fair value changes. It appears in a screener of stocks with prices above short, medium, and long-term moving averages.

  • Balmer Lawrie falls sharply after the board of directors rejects the proposal of a bonus, buyback, and stock split in its May 15 meeting. According to an April 28 exchange filing, the company announced that its board would consider these proposals at the meeting.

  • Endurance Technologies is rising as its net profit grows 16.6% YoY to Rs 245.1 crore in Q4FY25, helped by lower inventory buildup and finance costs. Revenue increases 10.4% YoY to Rs 2,963.5 crore during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Sharad Mehta, Director & CEO of JSW Energy, says the company closed FY25 with 10.9 GW capacity, supported by organic and inorganic growth. Under its 3.0 strategy, JSW aims to scale up to 30 GW of operational capacity by 2030. He adds that the green hydrogen project is in its final phase and is expected to be operational by June-July 2025. The company has outlined a capex plan of around Rs 1.3 lakh crore over FY26-30.

  • Abbott India is rising as its Q4FY25 net profit grows 27.9% YoY to Rs 367 crore, led by lower inventory and depreciation & amortisation expenses. Revenue increases 10.6% YoY to Rs 1,680.6 crore during the quarter. It appears in a screener of stocks with rising returns on equity (RoE), momentum and earnings yield.

  • JSW Infrastructure falls as 4.2 crore shares (2% equity) worth approximately Rs 1,239 crore reportedly change hands in a block deal at an average price of Rs 290.6 per share. The Sajjan Jindal family trust is likely the seller in the transaction.

  • IndusInd Bank falls sharply as its internal audit department (IAD) reveals Rs 674 crore wrongly recorded as interest in its microfinance portfolio over 9MFY25, later reversed by January 10. The IAD also discovered Rs 595 crore in unsubstantiated balances in the other assets account, adjusted against other liabilities in January 2025.

  • JM Financial maintains a 'Buy' rating on Crompton Greaves Consumer Electricals with a lower target price of Rs 420. The brokerage notes weak demand in Q4 but remains confident in the company’s direction. It highlights the firm's entry into the solar rooftop segment, which complements its solar pump business. JM Financial trims EPS estimates for FY26 by around 4% due to ongoing earnings challenges in the consumer sector.

  • Bharti Airtel falls as 3.1 crore shares (1.3% stake) worth approximately Rs 8,500 crore reportedly change hands in a block deal at an average price of Rs 1,820 per share. Private equity firm Pastel is likely the seller in the transaction.

  • Godrej Industries is rising as it posts a net profit of Rs 183.1 crore in Q4FY25 compared to a net loss of Rs 311.8 crore in Q4FY24. Revenue grows 25.4% YoY to Rs 6,399.8 crore, driven by improvements in the chemicals, vegetable oils, estate & property development, finance & investments, and crop protection segments. It features in a screener of growth stocks where promoters are increasing stakes.

  • Rail Vikas Nigam is rising as it receives an order worth Rs 115.8 crore from Central Railways for overhead equipment (OHE) modification work. The contract involves upgrading the existing electric traction system in the Itarsi–Amla section of the Nagpur division to support a 3,000 MT loading target.

  • JSW Energy is rising as its net profit surges 16.1% YoY to Rs 408.1 crore in Q4FY25, helped by lower fuel costs. Revenue increases 15.7% YoY to Rs 3,189.4 crore, driven by higher sales from the thermal and renewables segments during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Nifty 50 was trading at 25,002.20 (-59.9, -0.2%), BSE Sensex was trading at 82,392.63 (-138.1, -0.2%) while the broader Nifty 500 was trading at 22,780.60 (-8.2, 0.0%).

  • Market breadth is in the green. Of the 1,966 stocks traded today, 1,188 were in the positive territory and 729 were negative.

Riding High:

Largecap and midcap gainers today include Mazagon Dock Shipbuilders Ltd. (3,522.40, 10.7%), Rail Vikas Nigam Ltd. (409.60, 8.9%) and Star Health and Allied Insurance Company Ltd. (450.90, 7.3%).

Downers:

Largecap and midcap losers today include JSW Infrastructure Ltd. (288.25, -3.0%), Bharti Airtel Ltd. (1,814, -2.9%) and HCL Technologies Ltd. (1,659.90, -2.1%).

Volume Rockets

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

Top high volume gainers on BSE included IFCI Ltd. (51.77, 15.7%), Rites Ltd. (286.99, 15.6%) and Titagarh Rail Systems Ltd. (912.85, 12.8%).

Top high volume losers on BSE were Garware Technical Fibres Ltd. (886.30, -3.8%), Global Health Ltd. (1,203.50, -3.2%) and JSW Infrastructure Ltd. (288.25, -3.0%).

Bharti Airtel Ltd. (1,814, -2.9%) was trading at 15.4 times of weekly average. Jubilant Pharmova Ltd. (945.60, 4.4%) and SKF India Ltd. (4,565, 5.6%) were trading with volumes 9.7 and 8.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

13 stocks hit their 52 week highs,

Stocks touching their year highs included - Bajaj Holdings & Investment Ltd. (13,111, 3.8%), Bharat Electronics Ltd. (363.90, 3.9%) and Coromandel International Ltd. (2,450.90, -0.8%).

29 stocks climbed above their 200 day SMA including Rites Ltd. (286.99, 15.6%) and Sapphire Foods India Ltd. (331, 7.7%). 3 stocks slipped below their 200 SMA including ZF Commercial Vehicle Control Systems India Ltd. (13,200, -2.1%) and UNO Minda Ltd. (989.50, -0.5%).

 
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