Trendlyne Marketwatch
Trendlyne Marketwatch
30 Jun 2025, 03:55PM
Market closes lower, Torrent Pharma to acquire a 46.3% stake in JB Chemicals from KKR for Rs 11,917 cr
By Trendlyne Analysis

 

Nifty 50 closed at 25,517.05 (-120.8, -0.5%), BSE Sensex closed at 83,606.46 (-452.4, -0.5%) while the broader Nifty 500 closed at 23,617.20 (-3.0, 0.0%). Market breadth is in the green. Of the 2,496 stocks traded today, 1,423 were in the positive territory and 1,021 were negative.

Indian indices closed lower after extending losses in the afternoon session. The Indian volatility index, Nifty VIX, rose 3.2% and closed at 12.8 points. Torrent Pharma closed higher as it plans to acquire a 46.3% stake in JB Chemicals & Pharmaceuticals from KKR for Rs 11,917 crore at a valuation of Rs 25,689 crore.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green. Nifty PSU Bank and BSE Capital Goods were among the best-performing indices of the day. According to Trendlyne’s sector dashboard, Healthcare Equipment & Supplies emerged as the best-performing sector of the day, with a rise of 1.9%.

European indices are trading lower, except Russia’s RTSI and MOEX indices, which are trading 0.2% higher, each. Major Asian indices closed in the green, except China’s FTSE China 50 and Hong Kong’s Hang Seng indices, which closed 1% and 0.9% lower, respectively. US index futures are trading higher, indicating a positive start to the session after Canada withdrew its digital services tax aimed at American technology companies.

  • Money flow index (MFI) indicates that stocks like Kirloskar Brothers, Hyundai Motor India, Max Financial Services, and Narayana Hrudayalaya are in the overbought zone.

  • Sharekhan retains its 'Buy' call on Radico Khaitan, with a higher target price of Rs 3,090 per share. This indicates a potential upside of 18.9%. The brokerage expects the company's revenue to grow in the double-digits, driven by its focus on premiumisation, support of backward integration and distribution expansion. It expects the firm's revenue to grow at a CAGR of 18% over FY26-27.

  • Marksans Pharma’s subsidiary, Time-Cap Laboratories, receives a Form 483 with one observation from the US FDA after a good manufacturing practices (GMP) inspection at its New York manufacturing facility.

  • RattanIndia Enterprises is rising as its board of directors schedules a meeting on July 2 to consider raising funds by issuing equity shares or other securities.

  • Anish Shah, MD & CEO of Mahindra Group, aims for fivefold growth in core areas like EVs, farm equipment, real estate, and financial services, following a strong FY25. He points to solid execution across businesses, including a 33% profit rise at Mahindra Finance and improvements at Tech Mahindra. Shah emphasizes the group’s long-term focus on electric mobility, sustainability, and financial inclusion, backed by disciplined capital allocation.

  • NLC India is rising as it bags a letter of award (LoA) from NTPC to set up 450 MW inter-state transmission system (ISTS) Connected Wind-Solar Hybrid Power Project. As per the order NLC will establish a 300 MW project in Rajasthan and a 150 MW project in Gujarat. The companies have also entered a power purchase agreement (PPA) to supply power from the above projects to NTPC for the next 25 years.

  • VRL Logistics is rising as its board of directors schedules a meeting on July 4 to consider a proposal for issuing bonus shares.

  • Cochin Shipyard wins a Rs 100–250 crore order from Polestar Maritime to build two 70 T bollard pull tugs (powerful towing vessels). The tugs are scheduled for delivery in May and September 2027.

  • Sachin Agarwal, CMD of PTC Industries, projects FY26 revenue of around Rs 700 crore with margins in the high 20% range and a working capital cycle of about 100 days. He also highlights a recent MoU between the company's subsidiary, Aerolloy Technologies and Safran Aircraft Engines to manufacture components and materials for military aircraft. For FY29–30, he forecasts revenue of Rs 2,500–3,000 crore with margins exceeding 30%.

  • ITD Cementation India surges to a new all-time high of Rs 944 as it secures an international marine contract worth $67.4 million (~Rs 580 crore) for jetty construction at the Ruwais LNG project in Abu Dhabi.

  • CLSA initiates an ‘Outperform’ rating on Uno Minda with a target price of Rs 1,304 per share. The brokerage anticipates a recovery in the automotive sector, along with an improved product mix, which is expected to enhance EBITDA margins. It expects the company’s earnings to double by FY28, with an expected CAGR of 32% over FY26-28.

  • Prestige Estates Projects acquires a 3.4-acre land parcel in Chennai for a residential project. The project has a gross development value (GDV) of around Rs 1,600 crore.

  • Godrej Properties makes its entry into the Panipat, Haryana, real estate market with the acquisition of 43 acres of land for a plotted development project. The company estimates the project to have a revenue potential of over Rs 1,250 crore. Spanning over a million square feet, the development will feature residential plots in various sizes, complemented by a range of lifestyle amenities.

  • Karnataka Bank is falling sharply as its Managing Director (MD) and Chief Executive Officer (CEO), Srikrishnan Hari Hara Sarma, tenders his resignation, effective July 15.

  • Alembic Pharma receives final approval from the US FDA for its abbreviated new drug application (ANDA) for Doxorubicin Hydrochloride Liposome Injection, a medication used to treat breast and blood cancer. According to IQVIA, this drug had annual sales of $29 million as of March 2025.

  • Hind Rectifiers is rising as it secures two orders worth Rs 127 crore and Rs 101 crore each from Indian Railways to supply electrical components.

  • Oil prices decline as the geopolitical risk premium fades following the ceasefire between Iran and Israel. Adding further pressure, four OPEC+ delegates indicate that the group is set to boost production by 411,000 barrels per day in August, continuing similar output increases seen in May, June, and July.

  • Waaree Energies is rising as its wholly-owned subsidiary, Waaree Solar Americas, secures a 540 MW solar module supply order from a leading US utility-scale solar and energy storage project developer.

  • Jyoti CNC Automation falls as 1.3 crore shares (6% stake) worth approximately Rs 1,499 crore reportedly change hands in a block deal at an average price of Rs 1,087 per share.

  • Torrent Pharma to acquire a 46.3% stake in JB Chemicals & Pharmaceuticals from KKR for Rs 11,917 crore at a valuation of Rs 25,689 crore. Torrent Pharma also plans to purchase an additional 26% stake via an open offer to buy JB Pharma shares from shareholders at Rs 1,639.1 per share.

  • Citi maintains a 'Buy' rating on RBL Bank with a higher target price of Rs 285. The brokerage anticipates a 45–50 basis point improvement in the bank’s return on assets (RoA) in Q1FY26, primarily due to the long-awaited normalization of credit costs. It expects the stress in Joint Liability Group (JLG) and credit card to further subside in Q1, and the slippages are expected to moderate to 4.5%.

  • Granules India receives Form 483 with one observation from the US FDA after a pre-approval inspection (PAI) at its facility in Virginia, USA.

  • Bharat Heavy Electricals is rising as it receives a Letter of Award worth around Rs 6,500 crore from Adani Power for the supply of steam turbine generators and auxiliaries, along with supervision of erection and commissioning for six 800 MW thermal power units.

  • Rail Vikas Nigam is rising as it secures an order worth Rs 213.2 crore from South Central Railway to upgrade the overhead electrification system from single-phase 25kV to dual-phase 25kV system in the Duvvada–Rajahmundry and Samalkot–Kakinada Port sections under the Vijayawada Division.

  • Titagarh Rail Systems receives an order worth Rs 430.5 crore from Maharashtra Metro Rail Corporation (Maha Metro) to supply 12 additional trainsets for the Pune Metro Rail Project.

  • Nifty 50 was trading at 25,595.80 (-42, -0.2%), BSE Sensex was trading at 84,027.33 (-31.6, 0.0%) while the broader Nifty 500 was trading at 23,640.40 (20.3, 0.1%).

  • Market breadth is highly positive. Of the 2,059 stocks traded today, 1,565 showed gains, and 420 showed losses.

Riding High:

Largecap and midcap gainers today include Waaree Energies Ltd. (3,139.40, 6.5%), Ipca Laboratories Ltd. (1,389.80, 4.4%) and Punjab National Bank (110.50, 3.9%).

Downers:

Largecap and midcap losers today include SBI Cards and Payment Services Ltd. (953.10, -3.9%), Macrotech Developers Ltd. (1,384.20, -2.7%) and Tata Consumer Products Ltd. (1,098.90, -2.3%).

Volume Shockers

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

Top high volume gainers on BSE included Alembic Pharmaceuticals Ltd. (1,039.10, 7.3%), Deepak Fertilisers & Petrochemicals Corporation Ltd. (1,707.40, 7.1%) and Waaree Energies Ltd. (3,139.40, 6.5%).

Top high volume losers on BSE were J B Chemicals & Pharmaceuticals Ltd. (1,679.30, -6.8%), Jyoti CNC Automation Ltd. (1,059, -5.9%) and Balkrishna Industries Ltd. (2,445.30, -0.8%).

TBO Tek Ltd. (1,399.70, 0.6%) was trading at 13.3 times of weekly average. Aavas Financiers Ltd. (2,092.50, 5.4%) and SKF India Ltd. (4,815.80, 4.2%) were trading with volumes 7.8 and 7.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

24 stocks overperformed with 52 week highs,

Stocks touching their year highs included - City Union Bank Ltd. (218.71, 6.3%), Deepak Fertilisers & Petrochemicals Corporation Ltd. (1,707.40, 7.1%) and EID Parry (India) Ltd. (1,110, 5.1%).

22 stocks climbed above their 200 day SMA including Alembic Pharmaceuticals Ltd. (1,039.10, 7.3%) and The New India Assurance Company Ltd. (192.48, 4.8%). 7 stocks slipped below their 200 SMA including J B Chemicals & Pharmaceuticals Ltd. (1,679.30, -6.8%) and Mahindra & Mahindra Financial Services Ltd. (269.95, -1.0%).

 
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