Trendlyne Marketwatch
Trendlyne Marketwatch
02 Jun 2025
Market closes flat, Inox Wind's Q4 revenue rises 132.8% YoY to Rs 1,310.7 crore
By Trendlyne Analysis

 

 

Nifty 50 closed at 24,716.60 (-34.1, -0.1%), BSE Sensex closed at 81,373.75 (-77.3, -0.1%) while the broader Nifty 500 closed at 22,834.50 (32.6, 0.1%). Market breadth is neutral. Of the 2,486 stocks traded today, 1,246 were gainers and 1,200 were losers.

Indian indices closed flat ahead of the Reserve Bank of India’s Monetary Policy Committee meeting. The central bank is expected to cut rates by 25 bps on June 6. The Indian volatility index, Nifty VIX, rose 6.7% and closed at around 17.2 points. The Leela Hotels operator, Schloss Bangalore’s shares made their debut on the bourses at a 6.7% discount to the issue price of Rs 435. The Rs 3,500 crore IPO received bids for 4.5 times the total shares on offer.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green. Nifty Realty and Nifty PSU Bank closed higher. According to Trendlyne’s sector dashboard, Telecommunications Equipment emerged as the worst-performing sector of the day, with a fall of 1.3%.

European indices are trading mixed. Major Asian indices closed mixed. US index futures are trading lower, indicating a negative start to the session, as renewed tensions with China raised trade war concerns. China called Trump’s claims that Beijing broke the Geneva trade deal “groundless” and vowed strong countermeasures to protect its interests. Meanwhile, Brent crude futures are trading higher after OPEC+ announced plans to increase production by 411,000 barrels per day in July.

  • Money flow index (MFI) indicates that stocks like Pfizer, Jubilant Pharmova, MMTC, and Engineers India are in the overbought zone.

  • Titagarh Rail Systems is rising as its revenue beats Forecaster estimates by 6.3% despite falling 4.5% YoY to Rs 1,005.6 crore in Q4FY25 due to lower sales from the freight and passenger rail systems segments. Net profit decreases 18.4% YoY to Rs 64.5 crore due to higher finance costs and employee benefit expenses during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Maruti Suzuki India's wholesales increase 3.2% YoY to 1.8 lakh units in May, helped by a 79.8% growth in exports. Commercial vehicle sales increase 1.3% YoY, while passenger vehicle sales are down 5.6%.

  • Inox Wind falls sharply as its Q4FY25 revenue misses Forecaster estimates by 6.5% despite jumping 132.8% YoY to Rs 1,310.7 crore, owing to improvements in order execution. Net profit surges 4.1x YoY to Rs 190.3 crore, led by lower finance costs and inventory destocking. The company's Chief Executive Officer, Kailash Lal Tarachandani, tenders his resignation, effective June 1.

  • The Nifty Metal index falls after US President Trump announces a hike in steel import duty to 50% starting June 4. Exporters, who earlier reported a $5 billion impact from similar tariff hikes, raised concerns with India’s Commerce Ministry.

  • Escorts Kubota is rising as its total wholesales grow 0.7% YoY to 10,354 units in May. Exports surge 71.3% to 651 units, while domestic wholesales decline by 2% to 9,703 units.

  • Ahluwalia Contracts (India) falls as its Q4FY25 net profit declines 58.3% YoY to Rs 83.3 crore due to higher construction, sub-contracting, and employee benefits expenses. However, revenue grows 4.9% YoY to Rs 1,233.9 crore, driven by an improvement in the contract work segment. It appears in a screener of stocks with a major fall in trailing twelve-month (TTM) net profits.

  • Healthcare Global Enterprises' Chief Executive Officer (CEO), Meghraj Arvindrao Gore, tenders his resignation, effective June 30. The board appoints Manish Mattoo as the new CEO.

  • May auto sales show a mixed trend, with strong exports and SUV demand offsetting weak urban passenger car growth. TVS reports a 17% YoY increase, selling 4.3 lakh units, including a 50% jump in electric two-wheeler sales to 27,976 units. Mahindra's wholesales also grow 17% to 84,110 units, driven by SUV strength. Meanwhile, Maruti reports a 5.6% YoY decline in domestic PV sales. OEMs continue to boost exports and focus on utility vehicles to sustain growth.

  • Mahindra & Mahindra rises as its wholesales increase 17% YoY to 84,110 units in May, driven by strong demand for its SUV lineup. Passenger vehicle sales rise 21% YoY, while exports jumps 37% during the month.

  • Mphasis falls as FedEx reportedly plans to end its agreement with the company by the end of this year. It accounted for 8% of overall revenue in FY24.

  • Aegis Vopak Terminals' shares debut on the bourses at a 6.4% discount to the issue price of Rs 235. The Rs 2,800 crore IPO received bids for 2.1 times the total shares on offer.

  • PSU bank stocks like Union Bank and Bank of India are rising on expectations of a rate cut by the Reserve Bank of India (RBI) at its upcoming Monetary Policy Committee (MPC) review later this week. Strong GDP figures also support the rally, boosting hopes of robust credit demand.

  • Schloss Bangalore’s shares debut on the bourses at a 6.7% discount to the issue price of Rs 435. The Rs 3,500 crore IPO received bids for 4.5 times the total shares on offer.

  • Adani Energy Solutions secures an order worth approximately Rs 1,660 crore in Maharashtra to develop inter-state transmission and establish 3,000 Mega Volt-Amperes (MVA) of substations.

  • Zydus Lifesciences receives tentative approval from the US FDA for its Rifaximin tablets, used to treat irritable bowel syndrome in adults. According to IQVIA, the drug had a market size of $2.6 billion as of March 2025.

  • A poll of economists anticipates that the Reserve Bank of India's monetary policy committee will cut the repo rate by 25 basis points to 5.75% amid easing inflation and economic growth concerns. Nine out of ten anticipate a 25 bps reduction, while SBI calls for a steeper 50 bps cut.

  • Godrej Properties acquires a 14-acre land parcel in Pune for a residential project. The project has a gross development value (GDV) of around Rs 4,200 crore.

  • FSN E-Commerce (Nykaa) is falling as its Q4FY25 net profit misses Forecaster estimates by 0.5% despite surging 2.9x YoY to Rs 20.3 crore. Revenue jumps 23.6% YoY to Rs 2,070.7 crore, driven by improvements in the beauty and fashion segments. It shows up in a screener of stocks with an increasing trend in non-core income.

  • Niva Bupa Health Insurance falls as 56 lakh shares worth approximately Rs 1,082 crore reportedly change hands in a block deal at an average price of Rs 82 per share. Fettle Tone and CEO Krishnan Ramchandra are likely the sellers in the transaction.

  • India's Q4FY25 GDP at 7.4% beats expectations of 6.9%, driven by higher government capex. However, gross value added (GVA) rises by a slower 6.8%, indicating softer underlying momentum. GDP growth stood at 6.5% in FY25, the lowest in four years, with economists forecasting a further slowdown to 6.3% due to US tariff-related trade disruptions and weaker global growth.

  • Apollo Hospitals Enterprise is rising as its Q4FY25 net profit jumps 53.5% YoY to Rs 389.6 crore, owing to inventory destocking and deferred tax returns. Revenue grows 13.7% YoY to Rs 5,653.3 crore, driven by improvements in the healthcare services, retail health & diagnostics, and digital health & pharmacy distribution segments. The company acquires a 200-bed hospital and an adjacent 2.5-acre land parcel to set up a 700-bed hospital in Sarjapur, Bangalore, with an investment of Rs 1,229 crore.

  • Solar Industries India is rising as it receives orders worth Rs 402 crore from Coal India to supply cartridge explosives and accessories.

  • Ircon International is rising as it receives an order worth Rs 1,068.4 crore from East Central Railway for an engineering, procurement and construction project. The work involves building a new broad-gauge rail bridge over the River Ganga between Bikramshila and Katareah stations. The project includes a double-line base and a single-line track using steel structures.

  • Vodafone Idea's Q4FY25 net loss contracts 6.6% YoY to Rs 7,166.1 crore, helped by lower networking & IT outsourcing and depreciation & amortisation expenses. Revenue grows 5.5% YoY to Rs 11,228.3 crore during the quarter. The company's board of directors approves raising Rs 20,000 crore by issuing equity or other securities.

  • Nifty 50 was trading at 24,568.55 (-182.2, -0.7%), BSE Sensex was trading at 81,214.42 (-236.6, -0.3%) while the broader Nifty 500 was trading at 22,688.90 (-113.1, -0.5%).

  • Market breadth is in the red. Of the 2,092 stocks traded today, 728 showed gains, and 1,304 showed losses.

Riding High:

Largecap and midcap gainers today include YES Bank Ltd. (23.28, 8.4%), Indian Overseas Bank (42.06, 5.6%) and Prestige Estates Projects Ltd. (1,539.60, 5.0%).

Downers:

Largecap and midcap losers today include FSN E-Commerce Ventures Ltd. (194.55, -4.3%), Mazagon Dock Shipbuilders Ltd. (3,384.50, -2.7%) and MphasiS Ltd. (2,491.10, -2.7%).

Movers and Shakers

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

Top high volume gainers on BSE included AstraZeneca Pharma India Ltd. (9,336.50, 17.1%), YES Bank Ltd. (23.28, 8.4%) and Sterling and Wilson Renewable Energy Ltd. (305.50, 8.2%).

Top high volume losers on BSE were Inox Wind Ltd. (185.37, -4.9%), MphasiS Ltd. (2,491.10, -2.7%) and Metropolis Healthcare Ltd. (1,665, -0.9%).

Capri Global Capital Ltd. (152.01, 0.2%) was trading at 9.3 times of weekly average. Indian Overseas Bank (42.06, 5.6%) and Kama Holdings Ltd. (2,655, -0.8%) were trading with volumes 7.8 and 7.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

10 stocks hit their 52 week highs, while 1 stock hit their 52 week lows.

Stocks touching their year highs included - CCL Products India Ltd. (889.85, 0.6%), City Union Bank Ltd. (198.64, 1.5%) and Indian Bank (646.25, 4.8%).

Stock making new 52 weeks lows included - Aditya Birla Fashion and Retail Ltd. (87.56, 2.0%).

21 stocks climbed above their 200 day SMA including Brigade Enterprises Ltd. (1,176.30, 7.5%) and Sun Pharma Advanced Research Company Ltd. (198.54, 7.2%). 19 stocks slipped below their 200 SMA including Inox Wind Ltd. (185.37, -4.9%) and Alembic Pharmaceuticals Ltd. (996, -2.2%).

 
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