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Trendlyne Marketwatch
15 Jul 2025, 03:56PM
Market closes higher, ICICI Prudential's Q1 net profit surges 34.2% YoY to Rs 301 crore
By Trendlyne Analysis

 

 

Nifty 50 closed at 25,195.80 (113.5, 0.5%), BSE Sensex closed at 82,570.91 (317.5, 0.4%) while the broader Nifty 500 closed at 23,449.15 (140.1, 0.6%). Market breadth is in the green. Of the 2,491 stocks traded today, 1,603 were on the uptrend, and 843 went down.

Indian indices closed in the green amid easing retail inflation and rising hopes of an RBI rate cut. The Indian volatility index, Nifty VIX, declined 4.2% and closed at 11.5 points. India's CPI inflation declined to a six year low of 2.1% in June from 2.8% in May, marking the lowest level since January 2019. The decline was mainly driven by price drops in key food items.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the green, following the benchmark index. Nifty Capital Markets and BSE Auto were among the top index gainers today. According to Trendlyne’s Sector dashboard, Fertilizers emerged as the best-performing sector of the day, with a rise of 2.6%.

Asian indices closed higher, while European indices are trading in the green. US index futures traded in the green indicating a cautious start to the trading session. Nvidia has announced the resumption of H20 AI chip sales to China, following assurances from the US government regarding license approvals, with deliveries anticipated shortly. In parallel, market attention this week is squarely on the Q2 earnings announcements expected from six major banks, including JPMorgan Chase, Bank of America, and Goldman Sachs.

  • Money flow index (MFI) indicates that stocks like Syrma SGS Technology, Ramco Cements, Anand Rathi Wealth, and Global Health are in the overbought zone.

  • ICICI Prudential Life Insurance's Q1FY26 net profit surges 34.2% YoY to Rs 301 crore, driven by a 8% YoY growth in net premium income. However, revenue decreases marginally to Rs 25,320.2 crore during the quarter. The company appears in a screener of stocks with increasing profits every quarter for the past four quarters.

  • Yes Bank is rising as Sumitomo Mitsui Financial Group (SMFG) reportedly considers a $1.1 billion investment in the bank. SMFG plans to acquire a 5% stake from Carlyle Group and others, potentially increasing its total holding in Yes Bank to 25%.

  • Bank of Maharashtra is rising as its Q1FY26 net profit grows 16.2% YoY to Rs 1,504.4 crore, led by lower employee benefits and provisions expenses. Revenue jumps 16.4% YoY to Rs 7,879.2 crore, helped by improvements in the treasury operations, corporate and retail banking segments. The bank's asset quality improves as its gross and net NPA decline 11 bps and 2 bps YoY, respectively.

  • Warren Harris, MD & CEO of Tata Technologies, expects Q2 to outperform Q1FY26 and is confident of achieving 18% margins by Q4FY26. He emphasizes that Q2 performance will rely on the order book, customer engagement, and pipeline, rather than trade negotiation outcomes.

  • JTEKT India's board of directors approves a fundraising of up to Rs 250 crore through the rights issue of equity shares.

  • Tejas Networks plunges to its 52-week low of Rs 627.5 per share as it posts a net loss of Rs 193.9 crore in Q1FY26, compared to a net profit of Rs 77.5 crore in Q1FY25. Revenue drops 86.6% YoY to Rs 211.5 crore due to delays in new purchase orders. It shows up in a screener of stocks where promoters are decreasing their shareholding.

  • Oberoi Realty rises as the Committee of Creditors of Hotel Horizon approves a Rs 919 crore settlement plan submitted by a consortium including Oberoi Realty. The move allows the consortium to take over the distressed hotel asset, subject to National Company Law Tribunal (NCLT) approval.

  • Two-wheeler helmet maker STUDDS Accessories is set to launch its long-awaited IPO after receiving SEBI approval. The offering will be entirely an Offer for Sale (OFS) of up to 7.8 million equity shares. Promoters Madhu Bhushan Khurana, Sidhartha Bhushan Khurana, and Chand Khurana plan to offload up to 6.7 million shares.

  • Deven Choksey downgrades Tata Elxsi to a 'Sell' call from 'Hold', with a lower target price of Rs 4,965 per share. This indicates a potential downside of 22.3%. The brokerage is cautious on the stock due to slower-than-anticipated recovery in media and healthcare, weak revenue visibility, and a delayed margin normalisation trajectory. It expects the company's revenue to grow at a CAGR of 6% over FY26-27.

  • JM Financial initiates a ‘Buy’ rating on Kalyan Jewellers with a target price of Rs 700. The brokerage notes that Kalyan has transitioned from being a South-focused player to a pan-India player, which has helped it increase its profit before tax (PBT) margin to 4.4% in FY25, compared to 2.2% in FY18. They expect profit to grow at a CAGR of 31% over FY26-28.

  • KPI Green Energy is rising as it receives an order from Gujarat Urja Vikas Nigam (GUVNL) to build a 150 MW wind power plant. The order includes design, equipment supply and construction of the power plant.

  • Kotak Equities expects Tech Mahindra’s Q1FY26 revenue to decline, citing weakness in the hi-tech vertical and seasonal softness in the BPO segment, outweighing the seasonal boost from its subsidiary, Comviva. However, it projects a 30 bps rise in EBIT margin, driven by Project Fortius and net new deal wins of $750 million (approx. Rs 6,260 crore).

  • Life Insurance Corporation of India is rising as the Government of India appoints Managing Director (MD) R Doraiswamy as the new Chief Executive Officer (CEO) for three years, effective July 14.

  • Deepak Fertilisers & Petrochemicals Corp rises as it signs a Rs 1,200 crore liquefied natural gas (LNG) deal with Petronet LNG. Under the 20-year agreement, Petronet will supply LNG to Deepak Fertilisers’ Taloja unit in Maharashtra.

  • Mishra Dhatu Nigam is rising as it secures an order worth Rs 6,000 crore from Hindustan Aeronautics Limited (HAL) for the supply of specialised superalloys for aerospace applications.

  • The Society of Indian Automobile Manufacturers (SIAM) data reports a 3.4% YoY decline in domestic two-wheeler sales at 15.2 lakh units in June. Passenger vehicle sales decline 7.4% YoY to 3.1 lakh units. Three wheeler sales, however, were up by 3.8% to 61,828 units.

  • Patanjali Foods is rising as its board of directors schedules a meeting on July 17 to consider a proposal for issuing bonus shares.

  • Inox Wind's board of directors schedules a meeting on July 17 to consider raising funds by issuing equity shares or other securities.

  • Power Mech Projects is rising as it secures an order worth Rs 498.3 crore from SJVN Thermal. The order involves commissioning support and a maintenance contract for the coal-based supercritical Buxar Thermal Power Project (BTPP) in Bihar.

  • India's CPI inflation falls to a six year low of 2.1% in June from 2.8% in May, marking the lowest level since January 2019. The decline is mainly driven by price drop of key food items.

  • Rallis India surges to its all-time high of Rs 384.4 per share as its Q1FY26 net profit jumps 97.9% YoY to Rs 95 crore, driven by lower inventory and depreciation & amortisation expenses. Revenue grows 23% YoY to Rs 969 crore during the quarter. It appears in a screener of stocks with dividend yield greater than sector dividend yield.

  • Tata Technologies is rising sharply as its Q1FY26 net profit beats Forecaster estimates by 11% despite declining 9.8% QoQ to Rs 170.3 crore due to higher employee benefits and depreciation & amortisation expenses. Revenue decreases 2.6% QoQ to Rs 1,307.9 crore, caused by reductions in the services and technology solutions segments. It features in a screener of stocks with zero debt.

  • RailTel Corporation of India is rising as it receives an order worth Rs 264 crore from East Central Railway. The order is for installing Kavach, a train collision avoidance system, on 607 km of railway tracks.

  • HCL Technologies' Q1FY26 net profit declines 10.8% QoQ to Rs 3,843 crore due to lower employee utilisation on client projects and higher investments in Generative AI. However, revenue increases 0.3% QoQ to Rs 30,349 crore during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Nifty 50 was trading at 25,131.35 (49.1, 0.2%), BSE Sensex was trading at 82,233.16 (-20.3, 0.0%) while the broader Nifty 500 was trading at 23,397.85 (88.8, 0.4%).

  • Market breadth is surging up. Of the 2,004 stocks traded today, 1,688 were on the uptick, and 271 were down.

Riding High:

Largecap and midcap gainers today include Hero MotoCorp Ltd. (4,454, 4.8%), Patanjali Foods Ltd. (1,744.50, 4.2%) and HDFC Asset Management Company Ltd. (5,283.50, 3.8%).

Downers:

Largecap and midcap losers today include HCL Technologies Ltd. (1,566.40, -3.3%), JSW Infrastructure Ltd. (310, -2.2%) and IDBI Bank Ltd. (98.14, -2.1%).

Volume Rockets

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

Top high volume gainers on BSE included Swan Energy Ltd. (502.25, 11.4%), Sobha Ltd. (1,647.60, 6.7%) and Anant Raj Ltd. (607.20, 6.3%).

Top high volume losers on BSE were Inox Wind Ltd. (164.75, -6.7%), Tejas Networks Ltd. (653.20, -6.5%) and Ola Electric Mobility Ltd. (44.10, -6.3%).

Nuvoco Vistas Corporation Ltd. (365.30, 1.3%) was trading at 10.0 times of weekly average. Rashtriya Chemicals & Fertilizers Ltd. (156.36, 3.3%) and Aether Industries Ltd. (824.20, 6.2%) were trading with volumes 8.6 and 6.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

14 stocks overperformed with 52 week highs, while 1 stock hit their 52 week lows.

Stocks touching their year highs included - Ceat Ltd. (3,861.70, -1.2%), EID Parry (India) Ltd. (1,160.70, 0.3%) and Gillette India Ltd. (10,998, 2.9%).

Stock making new 52 weeks lows included - Tejas Networks Ltd. (653.20, -6.5%).

25 stocks climbed above their 200 day SMA including Hero MotoCorp Ltd. (4,454, 4.8%) and KEI Industries Ltd. (3,892.40, 4.3%). 7 stocks slipped below their 200 SMA including C.E. Info Systems Ltd. (1,797, -0.7%) and Metropolis Healthcare Ltd. (1,871.10, -0.5%).

 
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