Trendlyne Marketwatch
Trendlyne Marketwatch
16 Jun 2025, 03:55PM
Market closes higher, Belrise Industries' net profit surges 6.8X YoY in Q4
By Trendlyne Analysis

 

 

Nifty 50 closed at 24,946.50 (227.9, 0.9%) , BSE Sensex closed at 81,796.15 (677.6, 0.8%) while the broader Nifty 500 closed at 23,095.05 (188.9, 0.8%). Market breadth is neutral. Of the 2,469 stocks traded today, 1,170 showed gains, and 1,241 showed losses.

Indian indices closed higher after rising in the morning session. The Indian volatility index, Nifty VIX, fell 1.6% and closed at 14.8 points. India’s wholesale price index (WPI) inflation eased to a 14-month low of 0.4% in May, down from 0.9% in April. The decline was led by softer prices in food, fuel, and primary articles.

Nifty Smallcap 100 and Nifty Midcap 100 closed higher, following the benchmark index. Nifty IT and Nifty Realty Indices were among the top index gainers today. According to Trendlyne’s sector dashboard, Software & Services emerged as the top-performing sector of the day, with a rise of 1.3%.

Asian indices closed in the green, except for Indonesia’s IDX Composite and Thailand’s SET, which closed in the red. European indices are trading flat or higher. US index futures are trading higher, indicating a positive start to the trading session. Investors are monitoring the situation in the Middle East and awaiting the US Federal Reserve’s interest rate decision later this week. Brent crude futures are trading lower after rising around 9% over the last two trading sessions.

  • Money flow index (MFI) indicates that stocks like AstraZeneca Pharma, NAVA, Glenmark Pharma, and Pfizer are in the overbought zone.

  • Belrise Industries rises as its net profit surges 6.8X YoY to Rs 110 crore in Q4FY25, helped by inventory destocking, lower employee benefits and finance costs. Revenue grows 49% YoY to Rs 2,274.3 crore during the quarter. It appears in a screener of stocks with zero promoter pledges.

  • Biocon is rising as it reportedly plans to launch a qualified institutional placement (QIP) soon to raise up to Rs 4,500 crore, possibly as early as this week. The proceeds will be used to reduce the company’s debt.

  • Motilal Oswal retains its 'Neutral' call on Procter & Gamble Hygiene & Healthcare with a target price of Rs 15,000 per share. This indicates a potential upside of 12.1%. The brokerage is confident in the company's long-term growth, owing to strong growth potential in the feminine hygiene segment, led by product premiumisation. It expects the firm's revenue to grow at a CAGR of 8.2% over FY26-27.

  • According to data from the Ministry of Commerce and Industry, India's trade deficit narrows to $21.8 billion in May, down from $22 billion in 2024. Exports decline 2.2% YoY to $38.7 billion, while imports fall 1.8% YoY to $60.6 billion. This decline aligns with a broader trend of falling global commodity prices and reduced trade volumes.

  • Omaxe surges as it announces a Rs 1,000 crore investment in a new township near the Golden Temple in Amritsar. The company has acquired 260 acres of land for the project.

  • State Bank of India reportedly cuts its savings account interest rate to 2.5% per annum, effective June 15. Earlier, it offered 2.7% on deposits up to Rs 10 crore and 3% on deposits above Rs 10 crore.

  • IOL Chemicals and Pharmaceuticals registers Acetic Anhydride with the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH), enabling it to market the product across the European Union.

  • Jefferies maintains a 'Buy' rating on InterGlobe Aviation with a target price of Rs 6,300. The brokerage highlights IndiGo’s strong growth prospects, driven by international expansion, new fleet additions, and cost leadership. Key factors include a growing global network, its focus on low cost per available seat kilometre (CASK), and plans to expand its fleet to over 600 aircraft by FY30 from the current 400.

  • Indraprastha Gas is rising as the Delhi government reportedly plans to revise its EV policy by easing the deadline to transition from petrol and gas-powered vehicles, which the previous AAP-led administration introduced in November 2023. The delay in the EV transition will extend the demand window for CNG and support the company's volume growth.

  • Lupin signs a license and supply deal with Sino Universal Pharmaceuticals (SUP) to sell its Tiotropium Dry Powder Inhaler in China, used to treat chronic lung disease (COPD or chronic obstructive pulmonary disease). The global tiotropium market was valued at $2.5 billion in 2024.

  • SpiceJet's Q4FY25 net profit surges 166.6% YoY to Rs 318.9 crore, driven by lower fuel costs and higher ticket prices. Revenue falls 17.5% YoY to Rs 1,941 crore due to lower cargo volumes and delays in returning grounded planes to service. The company features in a screener of stocks benefiting from lower oil prices.

  • India’s wholesale price index (WPI) inflation drops to a 14-month low of 0.4% in May, down from 0.9% in April. The decline was driven by easing prices across key categories, including food, fuel, and primary articles.

  • Gujarat Themis Biosyn's Chief Executive Officer (CEO), Tapas Guha Thakurata, tenders his resignation due to personal health reasons, effective June 30. The board appoints Sachin Patel as the new Managing Director (MD) for five years, effective July 1.

  • Lemon Tree Hotels signs a license agreement for a new 70-room hotel in Itanagar, Arunachal Pradesh. The hotel will be managed by its subsidiary, Carnation Hotels.

  • Tata Motors falls sharply as its Jaguar Land Rover (JLR) unit projects FY26 EBIT margin between 5% and 7%, down from 8.5% in FY25 due to tariff uncertainty. JLR contributes 71% of Tata Motors' revenue.

  • The Society of Indian Automobile Manufacturers (SIAM) data reports a 2.2% YoY increase in domestic two-wheeler sales at 16.6 lakh units in May. Passenger vehicle sales decline 0.8% YoY to 3.4 lakh units. Total vehicle exports, however, are by 22.8% to 4.8 lakh units.

  • Birla Corp is rising as it emerges as the preferred bidder for the Gourum Khan Ki Dhani (South) limestone block with an area of 499.6-acres in an e-auction held by Director of Mines & Geology, Rajasthan.

  • Sun Pharmaceutical receives a Form 483 with eight observations from the US FDA following an inspection at its formulations and dosage facility in Halol, Gujarat.

  • Rekha Jhunjhunwala sells her entire stake of over 3%, worth Rs 334 crore, in Nazara Technologies via a block deal on Friday.

  • Reports suggest that 85 lakh shares of Asian Paints, amounting to Rs 1,876 crore, have changed hands in a pre-open block deal. Reliance Industries, through its subsidiary Siddhant Commercials, sold 3.5 crore shares worth Rs 7,703 crore in a block deal last week.

  • Godrej Properties plans to develop a premium residential project on a ~14-acre land parcel in Hoskote, East Bengaluru. The project will offer around 1.5 million square feet of saleable area, with an estimated revenue potential of approximately Rs 1,500 crore.

  • Natco Pharma receives Form 486 with one observation from the US FDA following an inspection at its active pharmaceutical ingredient (API) manufacturing facility in Hyderabad.

  • HBL Engineering is rising as it receives an order worth Rs 133 crore from South Central Railway to install the Kavach system across 48 stations in the Vijayawada–Ballarshah section.

  • Arkade Developers acquires a 6.3-acre land parcel in Thane for Rs 172.5 crore for a mixed-use development with a gross development value (GDV) of Rs 2,000 crore.

  • Nifty 50 was trading at 24,788.95 (70.4, 0.3%), BSE Sensex was trading at 81,034.45 (-84.2, -0.1%) while the broader Nifty 500 was trading at 22,961.40 (55.2, 0.2%).

Riding High:

Largecap and midcap gainers today include Indraprastha Gas Ltd. (212.33, 6.8%), Supreme Industries Ltd. (4,557.30, 4.8%) and PI Industries Ltd. (4,146.50, 4.4%).

Downers:

Largecap and midcap losers today include Tata Motors Ltd. (686.65, -3.6%), Schaeffler India Ltd. (4,018, -2.9%) and Gujarat Fluorochemicals Ltd. (3,631.10, -2.6%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Indraprastha Gas Ltd. (212.33, 6.8%), Newgen Software Technologies Ltd. (1,233.60, 5.7%) and Galaxy Surfactants Ltd. (2,507.60, 5.6%).

Top high volume losers on BSE were Craftsman Automation Ltd. (5,260.50, -0.8%) and Nuvoco Vistas Corporation Ltd. (349.90, -0.4%).

FDC Ltd. (490.25, 3.0%) was trading at 17.1 times of weekly average. Atul Ltd. (7,253.50, 3.6%) and Endurance Technologies Ltd. (2,459.10, 2.4%) were trading with volumes 8.1 and 8.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

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

Stocks touching their year highs included - Bharat Electronics Ltd. (403.85, 2.5%), JK Cement Ltd. (5,978.50, -1.7%) and Manappuram Finance Ltd. (278.81, -0.3%).

Stock making new 52 weeks lows included - Easy Trip Planners Ltd. (10.79, -0.8%).

20 stocks climbed above their 200 day SMA including Indraprastha Gas Ltd. (212.33, 6.8%) and Newgen Software Technologies Ltd. (1,233.60, 5.7%). 27 stocks slipped below their 200 SMA including Aegis Logistics Ltd. (775.25, -1.9%) and Tanla Platforms Ltd. (657.15, -1.4%).

 
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