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Trendlyne Marketwatch
23 Jul 2025
Market closes higher, Welspun Specialty's Q1 revenue grows 25.6% YoY to Rs 211 crore
By Trendlyne Analysis

 

 

Nifty 50 closed at 25,219.90 (159, 0.6%), BSE Sensex closed at 82,726.64 (539.8, 0.7%) while the broader Nifty 500 closed at 23,428.40 (107.5, 0.5%). Market breadth is in the red. Of the 2,491 stocks traded today, 1,119 were on the uptick, and 1,312 were down.

Indian indices closed in the green, tracking Asian market gains after the US-Japan trade deal boosted hopes of more agreements. The Indian volatility index, Nifty VIX, declined 2.2% and closed at 10.5 points. Dixon Technologies closed 2.8% higher as its Q1FY26 revenue surged 94.9% YoY to Rs 12,837.3 crore, driven by improvements in the mobiles & other electronic manufacturing services (EMS) and home appliances segments.

Nifty Midcap 100 closed in the green, while Nifty Smallcap 100 closed flat. S&P BSE Telecom and BSE Auto were among the top index gainers today. According to Trendlyne’s Sector dashboard, Telecom Services emerged as the best-performing sector of the day, with a rise of 1.9%.

Asian indices closed higher, while European indices are trading in the green. US index futures traded in the green followed by a Japan-US trade deal and positive earnings expectations. US President Donald Trump announced a new trade deal with the Philippines, setting a 19% tariff on Philippine goods and zero tariffs on US exports. The agreement followed President Marcos Jr.'s visit to the White House and was slightly below the previously threatened 20%, but above the 17% reciprocal tariff rate set in April.

  • Money flow index (MFI) indicates that stocks like UTI Asset Management, Anand Rathi Wealth, Balkrishna Industries, and Thermax are in the overbought zone.

  • SpiceJet rises sharply as the Supreme Court dismisses a long-standing Rs 1,323 crore damages claim by KAL Airways and Kalanithi Maran. The case stemmed from a 2015 share transfer dispute after Maran sold his 58.5% stake in the airline to Chairman Ajay Singh.

  • Welspun Specialty's revenue grows 25.6% YoY to Rs 211 crore, driven by higher sales volume of stainless steel products; however, the company reported a loss of Rs 0.7 crore, compared to a profit in the same quarter last year, due to higher material costs. The company appears in a screener of firms reducing their debt.

  • Sapphire Foods reports a net loss of Rs 1.8 crore in Q1FY26, compared to a profit of Rs 8.5 crore in Q1FY25, due to higher raw material and employee benefits expenses. However, revenue increases 8.1% YoY to Rs 777 crore during the quarter. The company appears in a screener of stocks where mutual funds have decreased their shareholding in the past quarter.

  • Avendus Spark downgrades Mahindra Logistics to a 'Sell' rating with a target price of Rs 300. The brokerage expects the company's profitability to remain under pressure due to delays in scaling up express operations and a slowdown in freight forwarding. However, it anticipates Mahindra Logistics will benefit from steady third-party-led growth, driven by new contract ramp-ups and rising e-commerce demand.

  • Surya Roshni is rising as it bags an order worth Rs 175 crore to supply mild steel spiral-coated pipes to a construction company.

  • Aditya Birla Real Estate falls sharply as it posts a Q1FY26 net loss of Rs 25.5 crore compared to a net profit of Rs 7.8 crore in Q1FY25. Revenue plunges 56.9% YoY to Rs 157.4 crore during the quarter. It appears in a screener of stocks with high interest payments compared to earnings.

  • Tata Motors and Maruti Suzuki rise as global auto stocks rally after a US–Japan deal cuts tariffs on Japanese car exports from 25% to 15%. The move sparks hopes of a similar India–US agreement, lifting interest in Indian automakers.

  • The Asian Development Bank (ADB) lowers India’s FY26 growth forecast to 6.5% from 6.7% in its recent report, citing the impact of US tariffs. However, it also revises India’s inflation forecast downward to 3.8%, reflecting a faster-than-expected decline in food prices due to improved agricultural output.

  • Shyam Metalics and Energy's Q1FY26 net profit grows 5.8% YoY to Rs 292 crore, helped by inventory destocking. Revenue rises 22.4% YoY to Rs 4,419 crore, driven by 32% volume growth across core steel and aluminum product segments during the quarter. The board approves raising up to Rs 4,500 crore through equity shares or other securities via qualified institutional placement (QIP), preferential issue, or other modes.

  • Cyient DLM is falling as its Q1FY26 net profit declines 29.6% YoY to Rs 7.4 crore due to higher employee benefits, finance, and depreciation & amortisation expenses. However, revenue grows 5.9% YoY to Rs 282.6 crore during the quarter. It shows up in a screener of stocks where promoters are decreasing their shareholdings.

  • KEI Industries' Q1FY26 net profit grows 30.3% YoY to Rs 195.8 crore. Revenue increases 25.7% YoY to Rs 2,590.3 crore, driven by higher sales from the cables & wires segment during the quarter. The company appears in a screener of stocks with improving cash flow from operations over the past two years.

  • India’s port sector is set for strong growth, driven by rising consumption and government infrastructure push, according to a recent report by PL Capital. Non-major ports are experiencing significant growth in cargo volumes, primarily driven by the adoption of multimodal logistics. India currently has 12 major ports and over 200 non-major ports, with a total capacity of around 2,700 million metric tonnes (MMT).

  • Dalmia Bharat falls sharply as its Q1FY26 revenue misses Forecaster estimates by 1.4% after growing marginally YoY to Rs 3,685 crore. However, net profit surges 178.7% YoY to Rs 393 crore, driven by lower raw materials, power & fuel, and freight expenses. It shows up in a screener of stocks with declining net cash flow.

  • United Breweries' net profit grows 5.9% YoY to Rs 184 crore in Q1FY26, driven by a sharp growth in premium segment. Net sales increase 16% YoY to Rs 2,862 crore, supported by an 11% volume growth. The company appears in a screener of stocks where mutual funds increased their shareholding in the last quarter.

  • Lodha Developers falls as 1% stake worth approximately Rs 1,380 crore change hands via a block deal at an average price of Rs 1,384.6 per share.

  • GMDC shares surge nearly 25% over the past five sessions, hitting a 52-week high of Rs 472.4, fueled by strong volumes and rising interest in rare earth stocks. The rally is driven by policy speculation, China’s export rebound, and buzz around a high-level meeting on rare earths chaired by Prime Minister Narendra Modi.

  • Tejas Networks falls as Vijay Kedia sells a 1% stake during Q1FY26. He held 18 lakh shares (1.02% stake) in the company at the end of Q4FY25.

  • Alpex Solar is rising as it secures an order worth Rs 230 crore to supply solar modules.

  • Oberoi Realty falls as 1.1 crore shares (3.1% stake) worth approximately Rs 1,956 crore change hands via a block deal at an average price of Rs 1,762 per share.

  • JP Morgan maintains an 'Overweight' rating on Colgate Palmolive with a lower target price of Rs 2,625. The brokerage notes that Colgate faced a challenging first half, and expects a recovery in the second half. Price growth remained muted in Q1 due to trade promotions. However, they anticipate a positive turnaround in the second half, driven by a more stable competitive landscape, the phasing out of past promotions, and accelerated growth in the premium segment.

  • Jana Small Finance Bank falls sharply as its net profit plunges 40.2% YoY to Rs 101.9 crore in Q1FY26 due to higher employee and interest expenses. However, revenue rises 7.1% YoY to Rs 1,250.2 crore, driven by improvements in the treasury, retail and wholesale banking segments during the quarter. The bank's asset quality deteriorates as its gross NPA expands by 29 bps YoY.

  • Dixon Technologies is rising as its Q1FY26 net profit jumps 68.3% YoY to Rs 225 crore, owing to inventory destocking. Revenue surges 94.9% YoY to Rs 12,837.3 crore, driven by improvements in the mobiles & other electronic manufacturing services (EMS) and home appliances segments. It appears in a screener of newly affordable stocks with good financials and durability.

  • JSW Infrastructure is rising as its net profit grows 31.5% YoY to Rs 384.7 crore in Q1FY26, helped by lower employee benefit expenses. Revenue increases 21.2% YoY to Rs 1,223.9 crore, driven by higher sales from the ports and logistics segments during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past two months.

  • One97 Communications (Paytm) posts a net profit of Rs 122.5 crore in Q1FY26 compared to a net loss of Rs 838.9 crore in Q1FY25, helped by lower marketing, employee benefits, data centre, and depreciation & amortisation expenses. Revenue jumps 31.7% YoY to Rs 2,158.9 crore during the quarter. It features in a screener of stocks with improving returns on equity (RoE) over the past two years.

  • Nifty 50 was trading at 25,132.60 (71.7, 0.3%), BSE Sensex was trading at 82,451.87 (265.1, 0.3%) while the broader Nifty 500 was trading at 23,367.85 (47.0, 0.2%).

  • Market breadth is in the green. Of the 1,996 stocks traded today, 1,249 were on the uptick, and 694 were down.

Riding High:

Largecap and midcap gainers today include Sona BLW Precision Forgings Ltd. (489, 3.4%), Kalyan Jewellers India Ltd. (611.80, 3.2%) and Indian Railway Finance Corporation Ltd. (134.85, 3.1%).

Downers:

Largecap and midcap losers today include Lodha Developers Ltd. (1,334, -7.5%), Colgate-Palmolive (India) Ltd. (2,285.30, -4.0%) and Oberoi Realty Ltd. (1,769.60, -3.1%).

Volume Rockets

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

Top high volume gainers on BSE included KIOCL Ltd. (358.80, 15.5%), Mangalore Refinery And Petrochemicals Ltd. (155.89, 7.7%) and Elgi Equipments Ltd. (589.75, 6.4%).

Top high volume losers on BSE were Lodha Developers Ltd. (1,334, -7.5%), Aditya Birla Real Estate Ltd. (2,018.30, -5.6%) and Colgate-Palmolive (India) Ltd. (2,285.30, -4.0%).

CreditAccess Grameen Ltd. (1,354.90, 5.9%) was trading at 21.0 times of weekly average. Oberoi Realty Ltd. (1,769.60, -3.1%) and Westlife Foodworld Ltd. (772.10, 1.6%) were trading with volumes 8.8 and 8.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

15 stocks overperformed with 52 week highs, while 2 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Fortis Healthcare Ltd. (823.70, 1.8%), HDFC Bank Ltd. (2,024.30, 0.9%) and ICICI Bank Ltd. (1,488.60, 1.0%).

Stocks making new 52 weeks lows included - Colgate-Palmolive (India) Ltd. (2,285.30, -4.0%) and Tejas Networks Ltd. (615.55, -1.6%).

14 stocks climbed above their 200 day SMA including KIOCL Ltd. (358.80, 15.5%) and Mangalore Refinery And Petrochemicals Ltd. (155.89, 7.7%). 16 stocks slipped below their 200 SMA including Triveni Turbine Ltd. (629, -4.8%) and Mastek Ltd. (2,549.30, -4.1%).

 
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