Trendlyne Marketwatch
Trendlyne Marketwatch
26 Jun 2025, 03:27PM
Market trades higher, Jio Fin Serv invests Rs 190 crore in arm, Jio Payments Bank
By Trendlyne Analysis

 

Nifty 50 was trading at 25,410.10 (165.4, 0.7%), BSE Sensex was trading at 83,400.72 (645.2, 0.8%) while the broader Nifty 500 was trading at 23,402.10 (0.45%). Market breadth is in the red. Of the 2,410 stocks traded today, 1,029 were on the uptick, and 1,315 were down.

Nifty 50 opens higher after rising around 42 points in the pre-opening session. On Wednesday, Indian indices closed higher after President Trump brokered a ceasefire between Iran and Israel. FIIs sold equity worth Rs 2,427.7 crore, while DIIs bought equity worth Rs 2,373 crore in Indian markets on the same day. 

Nifty Midcap 100 and Nifty Smallcap 100 open higher, tracking the benchmark index. Nifty Energy and Nifty Metal indices open higher. 

Major US indices closed mixed on Wednesday. European indices closed in the red, except for Russia’s RTSI and MOEX, which closed in the green. Asian indices are trading mixed. Meanwhile, QXO shares fell 7.2% after it priced its $2 billion stock offering at $22.25, about 5% below Tuesday’s close.

  • Union Bank of India sees a long buildup in its June 26 futures series, with open interest increasing by 88% and a put-call ratio of 0.6.

  • Whirlpool of India rises after reports say Panasonic is exiting India’s washing machine and refrigerator segments. Panasonic is closing its Jhajjar factory line as part of a broader strategy to exit loss-making categories in India.

  • Arkade Developers acquires a 1.1-acre redevelopment project in Goregaon West, Mumbai. The project offers a saleable area of ~86,000 sq ft with an estimated revenue potential of Rs 350 crore.

  • Tata Steel rises as its board of directors approves a $2.5 billion (~ Rs 21,429 crore) investment in its subsidiary, T Steel Holdings, in multiple tranches over FY26 via equity subscription. Post approval, the company invests $180 million (~ Rs 1,562.5 crore) in the arm by acquiring 179.1 crore shares.

  • Fintech firm Pine Labs files its Draft Red Herring Prospectus (DRHP) with SEBI. The company aims to raise up to Rs 2,600 crore through a fresh issue of shares, while existing investors like PayPal, Mastercard, Peak XV Partners, and Macritchie Investments are reportedly expected to offload up to 14.8 crore shares. Pine Labs may also explore a pre-IPO placement of shares worth up to Rs 520 crore.

  • Motilal Oswal initiates a ‘Buy’ rating on Astral with a target price of Rs 1,800. It highlights Astral’s leadership in plastic pipes, backed by diversification into five segments and a Rs 1.6 lakh crore addressable market. The brokerage expects revenue, EBITDA, and net profit to grow at a CAGR of 16%, 17%, and 23%, respectively, over FY26-28, driven by strong volume growth and strategic expansion.

  • Western Carriers rises sharply as it secures a Rs 558 crore logistics contract from Jindal Stainless. The deal involves transporting slabs, coils, and sheet plates across India in DSO (domestic shipping order) containers over a three-year period.

  • Tejas Networks rises sharply as it enters a partnership with Rakuten Symphony to set up integrated open radio access network (RAN) across India and internationally.

  • Citi maintains a 'Sell' rating on Dr. Reddy's Laboratories with a lower target price of Rs 990. The brokerage flags concerns about declining gRevlimid sales, reduced production-linked incentives (PLI), and overly optimistic expectations for the Canadian GLP-1 market. Despite a strong Q4FY25 performance with 22% YoY net profit growth, Citi points to continued pressure on gross margins.

  • Aurionpro Solutions bags an order to set up an automated fare collection (AFC) system for Egypt's public transport system. The company will deploy its validators and mobile data terminals (MTDs) across the country as part of the order.

  • Jio Financial Services rises as it announces a capital infusion of Rs 190 crore into its wholly owned subsidiary, Jio Payments Bank. It receives 19 crore equity shares of Rs 10 each in return for the investment.

  • Reports suggest that 9.8 lakh shares (1.5% stake) of Coforge, worth Rs 183.3 crore, have changed hands in a block deal at an average price of Rs 1,876.5 per share.

  • PhonePe is gearing up for a $1.5 billion (Rs 12,500 crore) IPO in 2025, aiming for a $15 billion (Rs 1.3 lakh crore) valuation. The fintech firm has posted strong revenue growth, crossing Rs 5,000 crore last year, and reduced losses, though it remains heavily dependent on UPI.

  • ACME Solar Holdings secures a work order from NHPC to develop a standalone battery energy storage system with a 275 MW / 550 MWh capacity in Andhra Pradesh.

  • One Mobikwik Systems rises as 8.9% stake worth approximately Rs 168 crore reportedly change hands in a block deal. Net 1 Applied Technologies is likely the seller in the transaction.

  • Lloyds Metals & Energy rises to a new all-time high of Rs 1,558 as it receives environmental clearance (EC) from the Ministry of Environment, Forest, and Climate Change (MoEFCC) to expand its iron ore mining capacity to 55 million tonnes per annum (MTPA).

  • Boman Rustom Irani, CMD of Keystone Realtors, targets Rs 7,000 crore in launches and Rs 4,000 crore in pre-sales for FY26. He sees strong potential in the redevelopment market but notes increasing competition. He also highlights that the mid-market and aspirational segment is the fastest-growing segment in Mumbai.

  • ASK Automotive rises sharply as its board of directors approves forming a joint venture (JV) with TD Holding GMBH to manufacture, marketing and selling of sunroof control cables and helix cables for passenger vehicles.

  • JSW Energy's subsidiaries file petitions before Andhra Pradesh High Court against Southern Power Distribution Company of Andhra Pradesh and Andhra Pradesh Power Coordination Committee for unpaid dues worth Rs 506.5 crore.

  • Nestle India is rising as its board of directors approves the issue of one bonus shares for every share held in the company.

  • B&K Securities initiates a 'Buy' rating on InterGlobe Aviation (Indigo) with a target price of Rs 7,256. The brokerage believes the company effectively combines customer-centricity with cost leadership. It notes that India remains under-penetrated in air travel, and ongoing aircraft supply constraints will likely keep demand ahead of supply.

  • PB Fintech rises as 50.5 lakh shares (1.1% stake), worth Rs 920 crore, reportedly change hands in a block deal at an average price of Rs 1,821.5 per share. Co-founders Yashish Dahiya and Alok Bansal are likely the seller in the transaction.

  • Can Fin Homes is rising as its board of directors approves raising Rs 1,000 crore by issuing equity shares through a qualified institutional placement (QIP), preferential issue, rights issue, or other modes.

  • Au Small Finance Bank rises to a new all-time high of Rs 820.8 as its board of directors schedules a meeting on June 28 to consider the annual fundraising and borrowing plan.

  • Texmaco Rail & Engineering surges as it bags an order worth Rs 535 crore from Camalco SA to manufacture, supply and maintain 560 open top wagons.

  • Nifty 50 was trading at 25,287.90 (43.2, 0.2%), BSE Sensex was trading at 82,882.92 (127.4, 0.2%) while the broader Nifty 500 was trading at 23,342.55 (45.7, 0.2%).

  • Market breadth is overwhelmingly positive. Of the 1,963 stocks traded today, 1,468 were gainers and 442 were losers.

Riding High:

Largecap and midcap gainers today include Tube Investments of India Ltd. (2,990.30, 4.7%), Abbott India Ltd. (32,950, 4.0%) and Shree Cements Ltd. (29,985, 3.1%).

Downers:

Largecap and midcap losers today include Prestige Estates Projects Ltd. (1,702, -2.7%), Bharti Hexacom Ltd. (1,819.80, -2.6%) and UPL Ltd. (635.20, -2.4%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Brainbees Solutions Ltd. (378.20, 11.5%), Apar Industries Ltd. (8,832.50, 9.3%) and Newgen Software Technologies Ltd. (1,224.80, 6.4%).

Top high volume losers on BSE were Metro Brands Ltd. (1,130.10, -0.9%) and KNR Constructions Ltd. (230, -0.3%).

Alok Industries Ltd. (20.68, 5.8%) was trading at 11.7 times of weekly average. Tejas Networks Ltd. (719.50, 3.2%) and Trident Ltd. (31.32, 2.4%) were trading with volumes 5.4 and 5.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

19 stocks took off, crossing 52 week highs, while 1 stock hit their 52 week lows.

Stocks touching their year highs included - Abbott India Ltd. (32,950, 4.0%), Bharti Airtel Ltd. (1,990.90, 1.3%) and EID Parry (India) Ltd. (1,028, -2.6%).

Stock making new 52 weeks lows included - Ola Electric Mobility Ltd. (43.29, 0.1%).

20 stocks climbed above their 200 day SMA including Apar Industries Ltd. (8,832.50, 9.3%) and Newgen Software Technologies Ltd. (1,224.80, 6.4%). 9 stocks slipped below their 200 SMA including Brigade Enterprises Ltd. (1,129.80, -2.4%) and The New India Assurance Company Ltd. (185.99, -2.2%).

 
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