
Nifty 50 closed at 24,853.15 (243.5, 1.0%), BSE Sensex closed at 81,721.08 (769.1, 1.0%) while the broader Nifty 500 closed at 22,781.05 (186.1, 0.8%). Market breadth is in the green. Of the 2,418 stocks traded today, 1,414 were on the uptick, and 959 were down.
Indian indices closed higher after rising in the morning session. The Indian volatility index, Nifty VIX, rose 0.1% and closed at 17.2 points. Honasa Consumer closed 18.8% higher as its Q4FY25 revenue increased 13% YoY to Rs 554.3 crore, beating Forecaster estimates by 9.1%, driven by double-digit growth in the e-commerce segment.
Nifty Smallcap 100 and Nifty Midcap 100 closed higher. S&P BSE Dollex 30 and Nifty FMCG Indices were among the top index gainers today. According to Trendlyne’s sector dashboard, Retailing emerged as the top-performing sector of the day, with a rise of 2%.
Asian indices closed higher, except for South Korea’s KOSPI, which closed lower. European indices are trading mixed. US index futures are trading flat, as investors stay cautious amid high US debt and a major tax cut bill. Brent crude futures are trading flat after falling 0.7% on Thursday.
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Relative strength index (RSI) indicates that stocks like Pfizer, Bharat Electronics, Intellect Design Arena, and SKF are in the overbought zone.
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Devyani International’s Q4FY25 revenue grows 15.4% YoY to Rs 1,225.7 crore. Net losses widen to Rs 14.7 crore from Rs 7.4 crore YoY, driven by higher employee costs and increased price of food ingredients. The firm appears in a screener of stocks where foreign institutional investors (FII) increased their stakes in Q4FY25.
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BEML rises sharply as its Q4FY25 net profit grows 12% YoY to Rs 287.6 crore, helped by lower raw materials expenses. Revenue jumps 9.1% YoY to Rs 1,656.4 crore during the quarter. It appears in a screener of stocks with improving returns on equity (RoE) over the last two years.
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Grasim Industries rises as its Q4FY25 net profit grows 9.2% YoY to Rs 1,495.9 crore, led by lower inventory expenses. Revenue jumps 17% YoY to Rs 44,650.7 crore, attributed to improvements in the cellulosic fibres, chemicals, building materials, and financial services segments. It features in a screener of stocks with consistently high returns over the past five years.
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ICICI Bank expects global crude oil prices to trend lower in 2025, revising its Brent forecast to $60–70/bbl, with a potential dip to $55. It cites factors like the OPEC+ output, China’s stimulus, and Iran-related geopolitical risks.
Global crude oil prices are likely to trade with a downward bias in 2025, according to a recent report by ICICI Bank.
— businessline (@businessline) May 23, 2025
Click here to read more: https://t.co/9dTDCSVEpI -
Premier Explosives' Q4FY25 net profit declines 44.6% YoY to Rs 3.7 crore. Revenue decreases 14.6% YoY to Rs 74.6 crore, driven by weak growth in bulk explosives and the defence service segment. The company appears in a screener of stocks outperforming their industry price change in the quarter.
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GMR Airports is falling as its net loss expands 96.4% YoY to Rs 237.6 crore in Q4FY25 due to higher revenue share payable to concessionaire grantors and material costs. However, revenue increases 17% YoY to Rs 2,863.3 crore, driven by higher passenger traffic during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding over the past two months.
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Bondada Engg surges to its 10% upper circuit as it bags a Rs 9,000 crore order from the Andhra Pradesh Govt for 2000 megawatt (MW) alternating current (AC)/2600 megawatt peak (MWp) direct current (DC) solar power plants. The company will set up the plants in the Ananthapuramu and Sri Sathya Sai districts.
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RBI Governor Sanjay Malhotra says India’s economic growth may face short-term pressures from global tariff tensions, particularly due to US trade policies under President Trump. However, he expects the economy to remain resilient, helped by strong domestic demand, robust services exports, and a low dependence on goods exports, constituting just 12% of the GDP.
India’s economic growth will see a short-term impact of the ongoing tariff tensions, the central bank governor said https://t.co/YG5MbHXb4C
— Bloomberg (@business) May 23, 2025 -
Alembic Pharmaceuticals receives final approval from the US FDA to manufacture Amlodipine and Atorvastatin tablets used to treat high blood pressure and lower cholesterol levels. Amlodipine has a market size of $1.8 billion, and Atorvastatin tablets have a market size of $1.2 billion.
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Indoco Remedies is rising as it receives final approval from the US FDA for its abbreviated new drug application (ANDA) for Allopurinol Tablets. The tablets, used to treat joint pain, had a market size of $1.2 billion in 2024.
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Honasa Consumer's Q4FY25 net profit declines 18% YoY to Rs 24.9 crore due to increased advertising expenses. However, revenue increases 13% YoY to Rs 554.3 crore, driven by double-digit growth in the e-commerce segment. The firm appears in a screener of stocks where foreign institutional investors (FII) increased their stakes in Q4FY25.
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Jindal Poly Films declines due to a fire at its subsidiary JPFL Films' Nashik plant, which started on May 21. The fire, which reportedly affected 90% of the plant’s production capacity, continues to smoulder into its fourth day, causing major operational disruptions. The blaze began in a raw material warehouse and was fueled by chemicals and plastics. No fatalities were reported.
#JindalPolyfilms' share price extends decline to 4% as fire continues to smoulder in unit's Nashik plant.
— NDTV Profit (@NDTVProfitIndia) May 23, 2025
Read more: https://t.co/5slaDbKHlI pic.twitter.com/tdk6UCiiPE -
Power Mech Projects rises sharply as its Q4FY25 net profit grows 38.7% YoY to Rs 117.2 crore, helped by lower inventory costs. Revenue increases 42.5% YoY to Rs 1,870 crore during the quarter. It features in a screener of stocks with strong QoQ earnings per share (EPS) growth in recent results.
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Greenpanel Industries is falling as its net profit plunges 56.8% YoY to Rs 29.8 crore in Q4FY25 due to inventory build-up. Revenue decreases 5.5% YoY to Rs 345.3 crore, driven by lower sales from the plywood and medium density fibreboard segments during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding in the past quarter.
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The Ramco Cements' Q4FY25 net profit plunges 78.8% YoY to Rs 27.4 crore due to higher raw materials and finance costs. Revenue declines 10.9% YoY to Rs 2,409.7 crore, caused by lower cement sales. It shows up in a screener of stocks with decreasing net cash flows.
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Goldman Sachs maintains its 'Buy' rating on HPCL & BPCL and a 'Neutral' rating on IOC with revised target prices of Rs 475, Rs 410, and Rs 125, respectively. The brokerage believes OMCs are in a "sweet spot" due to improving macro outlook and strong refining and marketing margins. It also raises FY26–27 EBITDA estimates by an average of 26% and 5%, respectively.
OMCs in a sweet spot, says Goldman Sachs; raises price targets on #HPCL, BPCL, IOC@senmeghna https://t.co/Ng0DkUQXMs
— CNBC-TV18 (@CNBCTV18Live) May 23, 2025 -
Tata Steel expands its crude steel capacity from 3 MTPA to 8 MTPA at its Kalinganagar plant in Odisha with an investment of Rs 27,000 crore.
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Waaree Energies falls sharply as US President Donald Trump signs a bill to eliminate funding granted under the Biden Administration, removing the 30% federal tax credit for solar rooftop installations. As of Q1FY26, exports make up 57% of Waaree Energies' order book.
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Gujarat State Petronet is falling as its net profit plunges 53.6% YoY to Rs 220.3 crore in Q4FY25 due to higher material costs and the absence of a one-time gain from exceptional items last year. Revenue decreases 5.3% YoY to Rs 4,290.5 crore during the quarter. The company appears in a screener of stocks with declining profits every quarter for the past four quarters.
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Lloyds Engineering Works rises over 4% as 2.7 crore shares (2.3% equity), amounting to Rs 130 crore, reportedly change hands in a block deal.
Lloyds Engg #LargeTrade | 2.68 Cr Shares (2.30% Eq) Worth ?130 Cr Change Hands At ?48.50/sh In Block Deal Window pic.twitter.com/7cDy3UKOgA
— CNBC-TV18 (@CNBCTV18Live) May 23, 2025 -
Trent and Bharat Electronics will replace Nestle India and IndusInd Bank in the BSE Sensex index, effective June 23. The rebalancing is expected to bring passive inflows of Rs 2,592 crore ($304 million) into Trent and Rs 2,947 crore ($354 million) into Bharat Electronics.
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Deepak Fertilisers & Petrochemicals is falling as its Q4FY25 EBITDA margin contracts 414 bps YoY despite net profit growing 29.1% YoY to Rs 277.2 crore, driven by lower tax expenses. Revenue rises 25.9% YoY to Rs 2717 crore due to improvements in the traded and manufactured fertilisers segments. It features in a screener of top loser stocks.
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Metro Brands is rising as its net profit beats Forecaster estimates by 13.4% despite falling 38.9% YoY to Rs 94.8 crore in Q4FY25 due to the absence of last year's tax benefits. However, revenue increases 10.3% YoY to Rs 642.8 crore, helped by strong demand for its premium products during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.
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Sun Pharmaceutical Industries' Q4FY25 net profit declines 18.9% YoY to Rs 2,153.9 crore due to higher raw materials, and employee benefits expenses, and an exceptional loss of Rs 361.7 crore for legal expenses and foreign exchange losses. However, revenue grows 7.8% YoY to Rs 13,571.7 crore, driven by improvements in the formulations and specialty segments. It shows up in a screener of stocks with high promoter pledges.
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Nifty 50 was trading at 24,618.50 (8.8, 0.0%), BSE Sensex was trading at 81,043.57 (91.6, 0.1%) while the broader Nifty 500 was trading at 22,584.85 (-10.2, 0.0%).
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Market breadth is in the red. Of the 1,905 stocks traded today, 697 were gainers and 1,164 were losers.
Riding High:
Largecap and midcap gainers today include Bajaj Holdings & Investment Ltd. (13,748, 4.2%), Varun Beverages Ltd. (488.75, 4.1%) and Max Financial Services Ltd. (1,470, 4.0%).
Downers:
Largecap and midcap losers today include GMR Airports Ltd. (86.86, -2.4%), Container Corporation of India Ltd. (720.90, -2.3%) and Sun Pharmaceutical Industries Ltd. (1,683.60, -2.0%).
Crowd Puller Stocks
19 stocks in BSE 500 are trading on high volumes today.
Top high volume gainers on BSE included Honasa Consumer Ltd. (329.25, 19.7%), IFCI Ltd. (55.26, 10.7%) and TBO Tek Ltd. (1,320.90, 10.2%).
Top high volume loser on BSE was Sun Pharmaceutical Industries Ltd. (1,683.60, -2.0%).
The Ramco Cements Ltd. (1,006.10, 1.9%) was trading at 18.2 times of weekly average. Metro Brands Ltd. (1,210.60, 1.8%) and Clean Science & Technology Ltd. (1,433.20, 7.9%) were trading with volumes 15.8 and 12.2 times weekly average respectively on BSE at the time of posting this article.
BSE 500: highs, lows and moving averages
12 stocks hit their 52 week highs, while 1 stock were underachiever and hit their 52 week lows.
Stocks touching their year highs included - Bharat Electronics Ltd. (383.80, 0.1%), EID Parry (India) Ltd. (999.25, 1.8%) and MRF Ltd. (14,3670, 0.9%).
Stock making new 52 weeks lows included - Aditya Birla Fashion and Retail Ltd. (88.55, -1.5%).
18 stocks climbed above their 200 day SMA including Honasa Consumer Ltd. (329.25, 19.7%) and Clean Science & Technology Ltd. (1,433.20, 7.9%). 10 stocks slipped below their 200 SMA including Poly Medicure Ltd. (2,406.20, -1.7%) and Kirloskar Brothers Ltd. (1,837.70, -1.3%).