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Trendlyne Marketwatch
18 Jul 2025, 03:58PM
Market closes lower, Hindustan Zinc's net profit declines 4.7% YoY in Q1FY26
By Trendlyne Analysis

 

Nifty 50 closed at 24,968.40 (-143.1, -0.6%) , BSE Sensex closed at 81,757.73 (-501.5, -0.6%) while the broader Nifty 500 closed at 23,275.15 (-144.6, -0.6%). Market breadth is in the red. Of the 2,485 stocks traded today, 887 were in the positive territory and 1,549 were negative.

Indian indices closed in the red amid FII selling and rising oil prices. The Indian volatility index, Nifty VIX, rose 1.3% and closed at 11.4 points. Afcons Infrastructure secured two road construction orders worth Rs 4,535.4 crore from Croatian Motorways as part of the A1 Zagreb–Split–Dubrovnik motorway project.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the red, following the benchmark index. Nifty Media and S&P BSE SME IPO were among the top index gainers today. According to Trendlyne’s Sector dashboard, Hotels, Restaurants & Tourism emerged as the best-performing sector of the day, with a rise of 1.2%.

Asian indices closed mixed, while European indices are trading in the green. US index futures traded in the green indicating a positive start to the trading session. Core inflation in the US rose at an annual rate of 2.9% in June, just below the 3% consensus estimate. Increases in food and energy prices pushed headline inflation up to 2.7%, compared to 2.4% in the previous month. Fed officials anticipated a summer uptick in inflation due to the delayed impact of tariffs being passed on by businesses. June data suggests they may hold off on rate cuts until clearer signals emerge.

  • Relative strength index (RSI) indicates that stocks like Syrma SGS Technology, Glenmark Pharmaceuticals, Bosch, and Laurus Labs are in the overbought zone.

  • Hindustan Zinc is falling as its Q1FY26 net profit declines 4.7% YoY to Rs 2,234 crore due to higher depreciation & amortisation expenses. Revenue decreases 4.1% YoY to Rs 8,050 crore, caused by reductions in the zinc and lead segment. It shows up in a screener of stocks with prices below short, medium and long-term averages.

  • Atul falls sharply as its Q1FY26 net profit misses Forecaster estimates by 9.4% despite growing 14.2% YoY to Rs 127.8 crore. Revenue jumps 12.7% YoY to Rs 1,504.2 crore, driven by improvements in the life science chemicals and performance & other chemicals segments. It appears in a screener of stocks with declining net cash flow from operations over the past two years.

  • Indian Overseas Bank is rising as its net profit surges 75.6% YoY to Rs 1,111 crore in Q1FY26 due to lower provisions and contingencies. Revenue increases 13% YoY to Rs 7,385.6 crore, driven by improvements in the treasury, wholesale, and retail banking segments during the quarter. The bank's asset quality improves as its gross and net NPAs contract by 92 bps and 19 bps YoY, respectively.

  • Renewable energy companies such as Waaree Energies, Premier Energies, and SW Solar decline after the Alliance for American Solar Manufacturing and Trade accuse them of dumping low-cost products to undercut emerging American solar manufacturers. The US firms have called for tariffs on solar imports from India.

  • Indostar Capital Finance rises as it sells its subsidiary, Niwas Housing Finance, to PE firm Witkopeend B.V. for Rs 1,706 crore. The company plans to use the proceeds to strengthen its core businesses of vehicle finance and micro-finance loans.

  • Lupin is falling as it receives Form 483 with three observations from the US FDA after an inspection at its Pithampur Unit-3 manufacturing facility.

  • Antique Broking initiates coverage on Raymond with a 'Buy' rating and a target price of Rs 903. It highlights the company's entry into the high-margin precision manufacturing business following the demerger of its fabric and real estate businesses. As a result of these value-unlocking measures, the brokerage predicts that operating margins will rise to 12.6% in FY26, up from 8.4% in FY25.

  • Analysts estimate Reliance Industries' Q1FY26 net sales to be in the range of Rs 2.3–2.5 lakh crore, with EBITDA projected between Rs 44,500 and Rs 45,500 crore. On a sequential basis, EBITDA is expected to see a modest single-digit growth. According to Equirus, Reliance Jio's EBITDA is likely to grow 19% YoY, driven by a 14% rise in average revenue per user (ARPU) and strong subscriber additions.

  • Inox Wind's board of directors approves raising Rs 1,250 crore by issuing equity shares through a rights issue.

  • Sunteck Realty is falling as its revenue declines 40.5% YoY to Rs 188.3 crore in Q1FY26, missing Forecaster estimates by 34%. However, net profit rises 46.5% YoY to Rs 33.4 crore, driven by lower inventory expenses. The company appears in a screener of stocks with an increasing trend in non-core income.

  • Route Mobile falls sharply as its net profit declines 32.2% YoY to Rs 53.2 crore in Q1FY26. Revenue decreases 4.8% YoY to Rs 1,050.8 crore due to a slowdown in international business and the discontinuation of certain low-margin customer contracts during the quarter. The company also announces a leadership change, with Chief Executive Officer Gautam Badalia stepping down and Rajdipkumar Gupta set to assume the role effective July 17.

  • UBS maintains a 'Buy' rating on Newgen Software with a lower target price of Rs 1,300. The brokerage notes that Q1 is typically a smaller quarter, so delays in deal closures can significantly affect growth. However, it views the muted Q1 performance as a temporary setback rather than a structural concern, in line with broader market trends. The brokerage highlights management’s expectations of resilient demand for Banking, Financial Services, and Insurance (BFSI) solutions.

  • Tata Communications' Q1FY26 net profit plunges 42.9% YoY to Rs 190 crore due to higher network & transmission, employee benefits, finance, and depreciation & amortisation expenses. However, revenue grows 5.6% YoY to Rs 5,977 crore, driven by improvements in the data services and campaign registry segments. It shows up in a screener of stocks with high debt levels.

  • Sarla Performance Fibers is rising as Dolly Khanna and Anil Kumar Goel add it to their portfolios. Khanna buys a 1% stake, while Goel acquires a 4.2% stake in the firm during Q1FY26.

  • Mukul Agrawal adds Tatva Chintan Pharma to his portfolio in Q1FY26. He buys a 1.2% stake in the company.

  • Aakash Ohri, MD of DLF, highlights the company’s return to Mumbai’s real estate market with 'WestPark', a luxury residential project in Andheri West. He views the launch as a strategic step toward establishing a strong and "impactful" presence in the city. Reports indicate that the project could generate pre-sales worth Rs 2,500 crore. Spread across 5.2 acres, units are priced between Rs 42,000 and Rs 47,000 per sq. ft.

  • Ceat's Q1FY26 revenue grows 10.5% YoY to Rs 3,534.1 crore, led by strong demand from original equipment manufacturers (OEMs). Net profit falls 27.1% YoY to Rs 112.4 crore due to increased marketing expenses and higher raw material costs. The firm appears in a screener of stocks where foreign institutional investors (FIIs) are increasing their shareholding.

  • Indian Hotels' Q1FY26 net profit grows 26.6% YoY to Rs 329.3 crore. Revenue increases 31.7% YoY to Rs 2,102.1 crore during the quarter, driven by a higher occupancy rate. The company appears in a screener of stocks where mutual funds have increased their shareholding over the past quarter.

  • Veranda Learning's board of directors approves raising Rs 380 crore through a qualified institutional placement (QIP) of equity shares at a floor price of Rs 225.2 per share.

  • The electronics industry has reportedly written to the Indian government, raising concerns over 'informal sanctions' imposed by China. It warns that export-linked smartphone manufacturing could face a hit of $32 billion (approximately Rs 2.7 lakh crore) in FY26 due to these actions. The industry body claims Beijing is issuing verbal directives targeting three key choke points: rare-earth metals, the recall of Chinese workers, and restrictions on equipment.

  • LTIMindtree's Q1FY26 net profit grows 11.1% QoQ to Rs 1,254.1 crore, led by lower employee benefits and depreciation & amortisation expenses. Revenue rises 2.1% QoQ to Rs 10,232.7 crore, attributed to improvements in the banking, financial services & insurance (BFSI), manufacturing & resources, and consumer business segments. It appears in a screener of stocks with increasing revenue over the past four quarters.

  • Axis Bank is falling as its net profit declines 3.8% YoY to Rs 5,806.1 crore in Q1FY26 due to rise in provisions and contingencies. However, revenue increases 3.3% YoY to Rs 31,063.5 crore, driven by improvements in the treasury and wholesale banking segments during the quarter. The bank's asset quality deteriorates as its gross and net NPAs expand by 3 bps and 11 bps YoY, respectively.

  • Afcons Infrastructure surges as it secures two road construction orders worth Rs 4,535.4 crore from Croatian Motorways as part of the A1 Zagreb–Split–Dubrovnik motorway project. The first order, worth Rs 2,398 crore, involves building a 9 km stretch between Rudine and Slano. The second project, valued at Rs 2,137 crore, covers the construction of an 11.5 km section between Slano and Puo Mravinjak.

  • Wipro rises sharply as its Q1FY26 net profit beats Forecaster estimates by 2.3%, despite falling 6.7% QoQ to Rs 3,330.4 crore, caused by higher employee benefits, sub-contracting, and travel expenses. Revenue decreases 2.1% QoQ to Rs 23,201.1 crore due to reductions in the Americas and Europe businesses. It features in a screener of stocks with improving net cash flow over the past two years.

  • Nifty 50 was trading at 25,096.05 (-15.4, -0.1%), BSE Sensex was trading at 82,193.62 (-65.6, -0.1%) while the broader Nifty 500 was trading at 23,423.45 (3.8, 0.0%).

  • Market breadth is in the green. Of the 1,993 stocks traded today, 1,190 were in the positive territory and 736 were negative.

Riding High:

Largecap and midcap gainers today include NMDC Ltd. (71.44, 2.7%), Wipro Ltd. (266.95, 2.4%) and Steel Authority of India (SAIL) Ltd. (136.45, 2.1%).

Downers:

Largecap and midcap losers today include Axis Bank Ltd. (1,099.30, -5.2%), CG Power and Industrial Solutions Ltd. (667.60, -3.2%) and Shriram Finance Ltd. (645.50, -3%).

Movers and Shakers

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

Top high volume gainers on BSE included Gujarat Mineral Development Corporation Ltd. (435.30, 14.7%), PVR INOX Ltd. (1,019.40, 4.4%) and Chennai Petroleum Corporation Ltd. (779.40, 4.3%).

Top high volume losers on BSE were Clean Science & Technology Ltd. (1,318.70, -8.8%), Newgen Software Technologies Ltd. (962.60, -6.1%) and Axis Bank Ltd. (1,099.30, -5.2%).

Sapphire Foods India Ltd. (342.10, -0.1%) was trading at 20.8 times of weekly average. Tata Communications Ltd. (1,763.80, 1.9%) and Elgi Equipments Ltd. (548.95, -0.8%) were trading with volumes 9.0 and 8.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

12 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Biocon Ltd. (398.75, 0.4%), Fortis Healthcare Ltd. (798.50, -1.5%) and JK Cement Ltd. (6,500, 1.1%).

12 stocks climbed above their 200 day SMA including Sammaan Capital Ltd. (136.12, 4.0%) and Star Cement Ltd. (226.19, 2.7%). 19 stocks slipped below their 200 SMA including Clean Science & Technology Ltd. (1,318.70, -8.8%) and Axis Bank Ltd. (1,099.30, -5.2%).

 
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