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Trendlyne Marketwatch
24 Jul 2025
Market closes lower, ACC's net profit misses Forecaster estimates by 25.1% in Q1,
By Trendlyne Analysis

 

Nifty 50 closed at 25,062.10 (-157.8, -0.6%), BSE Sensex closed at 82,184.17 (-542.5, -0.7%) while the broader Nifty 500 closed at 23,301.10 (-127.3, -0.5%). Market breadth is in the red. Of the 2,480 stocks traded today, 916 were gainers and 1,522 were losers.

Indian indices closed in the red amid delay in the US-India trade deal & FPI outflows. The Indian volatility index, Nifty VIX, rose 1.9% and closed at 10.7 points. India and the UK signed a Free Trade Agreement today during PM Modi’s visit. The deal aims to boost bilateral trade by £25.5 billion (approx. Rs 2.8 lakh crore) annually.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the red, following the benchmark index. Nifty PSU Bank and Nifty MidSmall Healthcare 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 2.2%.

Asian indices closed mixed, while European indices are trading in the green except Russia’s MOEX & RTSI indices. US index futures traded mixed amid mixed Q2 earnings from giants like Alphabet, Tesla & IBM. Alphabet (Google’s parent company) posted Q2 revenue of $96.4 billion, exceeding the analysts estimate of $94 billion, driven by strong growth in core segments such as YouTube Advertising and Google Cloud.

  • Relative strength index (RSI) indicates that stocks like Anand Rathi Wealth, One97 Communications, Patanjali Foods, and Schneider Electric are in the overbought zone.

  • ACC is falling as its Q1FY26 net profit misses Forecaster estimates by 25.1% despite rising 4.4% YoY to Rs 375.4 crore, helped by inventory destocking. Revenue increases 18.1% YoY to Rs 6,036.1 crore, driven by higher sales from the cement and ready mix concrete segments during the quarter. The company appears in a screener of stocks with improving RoCE over the past two years.

  • B L Kashyap & Sons secures a Rs 152 crore order from Embassy Development for civil and structural work in Bengaluru.

  • Canara Bank rises to its 5% upper limit as its net profit rises 21.7% YoY to Rs 4,752 crore in Q1FY26. Revenue increases 8% YoY to Rs 31,002.8 crore, driven by improvements in the treasury, retail and wholesale banking segments during the quarter. The bank's asset quality improves as its gross and net NPAs declines by 145 bps and 61 bps YoY, respectively.

  • Manoj Verma, COO of Bikaji Foods, expects Hazelnut Factory, the recently acquired sweet brand, to generate Rs 100 crore in revenue this year, with margins rising to 10–12% as the business scales. He notes that exports currently contribute around 4% to Bikaji’s revenue and could reach Rs 125–130 crore this year. He also anticipates receiving Rs 50 crore annually under the government's Performance Linked Incentive (PLI) scheme.

  • Indian Bank rises sharply as its net profit rises 23.7% YoY to Rs 2,972.8 crore in Q1FY26. Revenue increases 8.3% YoY to Rs 16,282.7 crore, driven by improvements in the treasury, retail and wholesale banking segments during the quarter. The bank's asset quality improves as its gross and net NPAs declines by 76 bps and 21 bps YoY, respectively.

  • Larsen & Toubro's Buildings & Factories vertical secures an order worth Rs 2,500–5,000 crore from the Andhra Pradesh State Secretariat for construction of residential towers in Amaravati.

  • Nestle India is falling as its net profit declines 13.4% YoY to Rs 646.6 crore in Q1FY26, impacted by higher prices of core commodities such as cocoa, coffee, and milk. However, revenue increases 5.9% YoY to Rs 5,096.2 crore during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Sudhir Singh, CEO of Coforge, targets EBIT margins of 14% for FY26, up from 13.2% in Q1. He remains confident that the company will outperform in H2CY25 as compared to its first half. Singh adds that the previously guided $85 million in capex will primarily go toward acquisitions and establishing an AI data center. He also clarifies that the company has no plans to acquire R Systems International.

  • Reliance Infrastructure and Reliance Power fall sharply after the Enforcement Directorate (ED) raids 40–50 locations linked to Anil Ambani. The searches are part of an investigation into suspected laundering of Rs 3,000 crore in Yes Bank loans.

  • Zydus Lifesciences is rising as it receives tentative approval from US FDA for Ibrutinib tablets. The drug is used for the treatment of Chronic lymphocytic leukaemia. According to IQVIA, the drug had a market size of $2.1 billion as of May 2025.

  • Coforge plunges as its Q1FY26 net profit misses Forecaster estimates by 6.2% despite rising 21.5% QoQ to Rs 317.4 crore, helped by a 70.2 crore gain from discontinued operations. Revenue jumps 8.2% QoQ to Rs 3,688.6 crore, driven by improvements in the Americas, Europe, Middle East & Africa (EMEA), Asia Pacific, and Indian markets. It features in a screener of stocks with declining RoE over the past two years.

  • India and the UK are set to sign a Free Trade Agreement today during PM Modi’s visit, aiming to boost bilateral trade by £25.5 billion (approx. Rs 2.8 lakh crore) annually. The deal, described as India’s most comprehensive and the UK’s most significant post-Brexit, includes zero-duty access for 99% of Indian goods, benefiting MSMEs and labor-intensive sectors. Tariff reductions will make British goods like whisky, gin, cars, cosmetics, and medical devices more affordable in India.

  • Bikaji Foods International's Q1FY26 net profit grows 2.3% YoY to Rs 59.9 crore. Revenue jumps 14.4% YoY to Rs 662.6 crore, driven by higher demand in its ethnic snacks and packaged sweets segments. The company appears in a screener of stocks where mutual funds have increased their shareholding over the past month.

  • Lupin is rising as it receives US FDA approval for its abbreviated new drug application (ANDA) for Liraglutide and Glucagon injectable vials. The drug is a bioequivalent of Novo Nordisk's Victoza injection and is used for the treatment of type 2 diabetes mellitus. According to IQVIA, the drug had a market size of $458 million as of May 2025.

  • IEX falls sharply as the electricity regulator CERC approves the implementation of market coupling with the Day-Ahead Market (DAM) from January 2026. Market coupling merges electricity bids from all power exchanges to determine a single clearing price.

  • The Rs 4,000 crore IPO of National Securities Depository (NSDL) is set to open on July 30 and close on August 1, featuring an offer for sale of 5 crore shares by key shareholders including NSE, Union Bank, SBI, HDFC Bank and IDBI Bank. The company is targeting a Rs 16,000 crore valuation.

  • Force Motors' Q1FY26 net profit grows 52.4% YoY to Rs 176.3 crore. Revenue jumps 22.2% YoY to Rs 2,322.3 crore, driven by higher sales in the commercial and passenger vehicle segments. The firm appears in a screener of stocks where foreign institutional investors (FIIs) are increasing their shareholding.

  • Supreme Petrochem is falling as its net profit declines 33.6% YoY to Rs 80.9 crore in Q1FY26, impacted by higher employee benefits and depreciation & amortisation expenses. Revenue decreases 11.9% YoY to Rs 1,386.5 crore due to lower exports during the quarter. The company appears in a screener of stocks with PE ratio higher than the Industry average.

  • Natco Pharma’s board approves acquisition of a 35.7% stake in South Africa-based Adcock Ingram Holdings for Rs 2,000 crore. The deal will give Natco Pharma entry into the Southern African market.

  • India’s Composite PMI rises to 60.7 in July from 58.4 in June, driven by growth in total sales, export orders, and output. Meanwhile, the Services PMI eases to 59.8 from 60.4, indicating continued expansion, though at a slightly slower pace and still strong by historical standards.

  • Tilaknagar Industries is rising after entering a definitive agreement to acquire the Imperial Blue whisky brand from Pernod Ricard India for Rs 4,150 crore. Imperial Blue is the third-largest whisky brand in India by volume and reported revenue of Rs 3,067 crore in FY25.

  • Dr Reddy's Laboratories is rising as its Q1FY26 net profit grows 1.8% YoY to Rs 1,418.1 crore. Revenue increases 12.4% YoY to Rs 8,862.4 crore, driven by improvements in the Indian and European markets. It features in a screener of stocks with the highest FII holdings.

  • BEML is rising as it secures an order worth Rs 293.8 crore from the Ministry of Defence to supply 150 units of 6x6 heavy mobility vehicles (HMVs).

  • Infosys' Q1FY26 net profit falls 1.6% QoQ to Rs 6,921 crore due to higher employee benefit expenses. However, revenue rises 3.3% QoQ to Rs 42,279 crore, driven by higher sales from Europe during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past quarter.

  • Nifty 50 was trading at 25,204.90 (-15, -0.1%), BSE Sensex was trading at 82,779.95 (53.3, 0.1%) while the broader Nifty 500 was trading at 23,428.10 (-0.3, 0%).

  • Market breadth is ticking up strongly. Of the 1,965 stocks traded today, 1,311 were gainers and 591 were losers.

Riding High:

Largecap and midcap gainers today include Ipca Laboratories Ltd. (1,540.80, 5.5%), Canara Bank (113.51, 5.3%) and Indian Bank (652.15, 4.4%).

Downers:

Largecap and midcap losers today include Coforge Ltd. (1676, -9.4%), Persistent Systems Ltd. (5,174, -7.7%) and Nestle India Ltd. (2,322.10, -5.3%).

Volume Rockets

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

Top high volume gainers on BSE included Olectra Greentech Ltd. (1,532.40, 15.5%), Rainbow Childrens Medicare Ltd. (1,623.90, 5.8%) and Ipca Laboratories Ltd. (1,540.80, 5.5%).

Top high volume losers on BSE were Indian Energy Exchange Ltd. (132.32, -29.6%), Coforge Ltd. (1,676, -9.4%) and Persistent Systems Ltd. (5,174, -7.7%).

JBM Auto Ltd. (674.05, 4.5%) was trading at 13.2 times of weekly average. G R Infraprojects Ltd. (1,282, 1.6%) and Supreme Petrochem Ltd. (810, -1.0%) were trading with volumes 12.2 and 8.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

17 stocks took off, crossing 52 week highs, while 2 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - DCM Shriram Ltd. (1,432, -0.7%), EID Parry (India) Ltd. (1,186.40, 0.2%) and Fortis Healthcare Ltd. (846.55, 2.8%).

Stocks making new 52 weeks lows included - Colgate-Palmolive (India) Ltd. (2,259.50, -1.1%) and Indian Energy Exchange Ltd. (132.32, -29.6%).

14 stocks climbed above their 200 day SMA including Olectra Greentech Ltd. (1,532.40, 15.5%) and Ipca Laboratories Ltd. (1,540.80, 5.5%). 15 stocks slipped below their 200 SMA including Indian Energy Exchange Ltd. (132.32, -29.6%) and MphasiS Ltd. (2,653.50, -3.0%).

 
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