Trendlyne Marketwatch
Trendlyne Marketwatch
19 Jun 2025, 04:10PM
Market closes flat, Ashoka Buildcon wins a Rs 584 crore road project in Guyana
By Trendlyne Analysis

 

 

Nifty 50 closed at 24,793.25 (-18.8, -0.1%), BSE Sensex closed at 81,361.87 (-82.8, -0.1%) while the broader Nifty 500 closed at 22,763.50 (-161.7, -0.7%). Market breadth is sharply down. Of the 2,451 stocks traded today, 422 showed gains, and 1,997 showed losses.

Indian indices closed flat after switching between losses and gains throughout the day. The Indian volatility index, Nifty VIX, fell 0.6% and closed at 14.1 points. ESAF Small Finance Bank closed 4.2% higher as its board of directors approved the sale of a portfolio consisting of non-performing assets (NPA) and written-off loans, totalling Rs 735.2 crore.

Nifty Smallcap 100 and Nifty Midcap 100 closed lower. S&P BSE SME IPO and Nifty High Beta 50 Indices were among the top index losers today. According to Trendlyne’s sector dashboard, Healthcare Equipment & Supplies emerged as the worst-performing sector of the day, with a fall of 2.5%.

Asian indices closed mixed. European indices are trading lower, except for Portugal’s PSI, which is trading higher. US index futures are trading lower, indicating investor cautiousness after the Federal Reserve keeps the policy rate unchanged at 4.25-4.5%.

  • KPIT Technologies sees a short buildup in its June 26 futures series, with open interest increasing by 17% and a put-call ratio of 0.6.

  • Axis Direct retains its 'Buy' call on Lloyds Metals & Energy with a target price of Rs 1,670 per share. This indicates a potential upside of 13.4%. The brokerage remains positive on the stock's growth outlook, driven by its focus on scaling of mining & manufacturing capacities, improving share of value added products, and lower royalty on allocated mines. It expects the firm's revenue to grow at a CAGR of 74% over FY26-27.

  • Tata Technologies announces its selection as a strategic supplier by Volvo Cars. The collaboration aims to support product engineering, vehicle systems, embedded software, and product lifecycle management (PLM) solutions across Volvo’s global operations.

  • Ashoka Buildcon receives a Letter of Acceptance worth $67.3 million (approximately Rs 584 crore) from the Government of Guyana's Public Works Department for the East Bank–East Coast Road Linkage Project.

  • S&P Global Ratings says new RBI rules will push gold loan lenders to revise lending practices, likely raising initial costs. Non-bank lenders with large gold loan portfolios, especially specialists like Muthoot Finance and Manappuram Finance, are expected to face the most significant impact from stricter cash flow assessments and loan-to-value monitoring.

  • Sharekhan maintains its 'Buy' call on Bharat Electronics with a higher target price of Rs 445 per share. This indicates a potential upside of 12.6%. The brokerage believes that the Indian Government's 'Make in India' and 'Atmanirbhar Bharat' initiatives in defence will help the company drive revenue growth. It expects the firm's revenue to grow at a CAGR of 16.8% over FY26-27.

  • Ashish Kacholia acquires 6.2 lakh shares (6.7% stake) in Cosmic CRF, raising his total holding to 18.4%.

  • MTAR Technologies signs a 10-year contract with Weatherford Products GMBH to supply Whipstock assemblies and other critical components. It expects to execute orders worth Rs 10 crore in FY26 and around Rs 90 crore annually from FY27 onwards. The orders will be fulfilled at a new facility in Adibatla, set to be operational by June 2026.

  • Indosolar gets relisted under the management of Waaree Energies after receiving approvals from BSE and NSE. The company was acquired by Waaree through insolvency proceedings initiated in October 2018 under the Insolvency and Bankruptcy Code, 2016, due to significant financial losses. Following the acquisition, Indosolar reported a net profit of Rs 55 crore in FY25.

  • Seamec enters an agreement with Mubarak Bridge Maritime FZCO, Dubai for the supply of air diving equipment for its vessel, SEAMEC-III.

  • KPI Green Energy’s subsidiary, Sun Drops Energia, receives orders from multiple clients to set up 36.9 MW solar power projects under the Captive Power Producer (CPP) segment.

  • Jio Financial Services (JFSL) acquires State Bank of India's (SBI) entire 17.8% stake in Jio Payments Bank for Rs 104.5 crore. With this, Jio Payments Bank becomes a wholly-owned subsidiary of JFSL.

  • HSBC retains a 'Buy' rating on Biocon with a lower target price of Rs 390. The brokerage highlights Biocon’s Rs 4,500 crore QIP aimed at reducing debt. HSBC notes that while a successful raise would ease the debt burden, scaling up new biosimilars remains crucial. FDA approval and the US launch of insulin aspart are key catalysts.

  • ESAF Small Finance Bank surges as its board of directors approves the sale of a portfolio consisting of non-performing assets (NPA) and written-off loans, totalling Rs 735.2 crore. This portfolio includes Rs 362.4 crore in NPAs and Rs 372.8 crore in written-off loans, and it will be sold to an asset reconstruction company.

  • IIFL Capital initiates coverage on Swiggy with a 'Buy' rating and a target price of Rs 535. The brokerage cites improving execution, strong positioning in food delivery, and underappreciated potential in quick commerce as key near-term drivers for the company. It expects the company's revenue to grow at a CAGR of 28% over FY26–28.

  • Siemens Energy shares begins trading today at 14% above the discovery price of Rs 2,478. The company was spun off from Siemens Ltd on March 25, 2025. Each shareholder received one Siemens Energy India share for every Siemens Ltd share they owned.

  • India’s IT sector shows mixed signals as the Nifty IT index rises nearly 6% in 11 sessions. Due to this rally, valuations stay high, prompting analyst caution. Morgan Stanley remains wary but notes a slightly improved growth outlook. CLSA highlights strong BFSI demand and expects robust order bookings after positive commentary regarding the deal pipeline this quarter.

  • R Systems International rises as Coforge reportedly plans to acquire a significant stake in the company.

  • Marksans Pharma is rising as its subsidiary, Relonchem, receives marketing approval for Oxybutynin hydrochloride oral solution from the UK Medicines & Healthcare Products Regulatory Agency (UK MHRA). The drug is used to treat an overactive bladder.

  • Sky Gold falls as promoters sell a 4.7% stake on Wednesday worth approximately Rs 244 crore in a block deal at an average price of Rs 348.6 per share.

  • Krishana Phoschem hits a new 52-week high of Rs 530 after its board approves the setup of a 500-tonne-per-day (TPD) Di-Ammonium Phosphate (DAP) and Nitrogen, Phosphorus, and Potassium (NPK) fertilizer plant, along with a 300 TPD sulphuric acid unit in Meghnagar, Madhya Pradesh.

  • Inventurus Knowledge Solutions (IKS) falls as 30 lakh shares (1.7% stake) worth approximately Rs 499 crore reportedly change hands in a block deal at an average price of Rs 1,659 per share.

  • Medplus Health Services' subsidiary, Optival Health Solutions, receives four drug license suspension orders for stores located in Bangalore.

  • Puravankara rises sharply as its wholly-owned subsidiary, Starworth Infrastructure & Construction, receives an order worth Rs 272 crore from TRU Dwellings to build a residential apartment project in Varthur, Bengaluru.

  • Zydus Lifesciences receives Form 483 with two observations from the US FDA after a good manufacturing practices (GMP) inspection at its oncology injectable facility in Ahmedabad.

  • Nifty 50 was trading at 24,756.20 (-55.9, -0.2%), BSE Sensex was trading at 81,300.64 (-144.0, -0.2%) while the broader Nifty 500 was trading at 22,888.35 (-36.9, -0.2%).

  • Market breadth is in the red. Of the 1,944 stocks traded today, 806 were on the uptrend, and 1,072 went down.

Riding High:

Largecap and midcap gainers today include Tata Consumer Products Ltd. (1,088.30, 2.2%), Biocon Ltd. (348.60, 1.9%) and Eicher Motors Ltd. (5,493.50, 1.9%).

Downers:

Largecap and midcap losers today include JSW Energy Ltd. (480.55, -4.7%), Varun Beverages Ltd. (448.65, -4.4%) and Adani Total Gas Ltd. (622.60, -4.4%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Aegis Logistics Ltd. (800.85, 3.4%), Tata Consumer Products Ltd. (1,088.30, 2.2%) and Ramkrishna Forgings Ltd. (638.50, 1.1%).

Top high volume losers on BSE were Minda Corporation Ltd. (510.75, -5.1%), Cyient Ltd. (1,289.20, -5.0%) and Asahi India Glass Ltd. (738.45, -4.3%).

Equitas Small Finance Bank Ltd. (64.22, -3.1%) was trading at 3.9 times of weekly average. Poly Medicure Ltd. (2,052, -3.9%) and Sapphire Foods India Ltd. (324.50, -0.5%) were trading with volumes 3.6 and 3.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

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

Stocks touching their year highs included - Muthoot Finance Ltd. (2,629.90, -0.2%), Au Small Finance Bank Ltd. (789.05, -0.7%) and Authum Investment & Infrastructure Ltd. (2,549.80, 0.3%).

Stock making new 52 weeks lows included - Easy Trip Planners Ltd. (10.48, -2.0%).

9 stocks climbed above their 200 day SMA including Aegis Logistics Ltd. (800.85, 3.4%) and Biocon Ltd. (348.60, 1.9%). 45 stocks slipped below their 200 SMA including Minda Corporation Ltd. (510.75, -5.1%) and MMTC Ltd. (66.55, -4.1%).

 
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