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Trendlyne Marketwatch
28 Jul 2025
Market closes lower, CDSL's net profit misses Forecaster estimates by 10% in Q1FY26
By Trendlyne Analysis

 

Nifty 50 closed at 24,680.90 (-156.1, -0.6%), BSE Sensex closed at 80,891.02 (-572.1, -0.7%) while the broader Nifty 500 closed at 22,846.95 (-167.9, -0.7%). Market breadth is highly negative. Of the 2,512 stocks traded today, 650 were on the uptrend, and 1,830 went down.

Indian indices closed in the red, weighed down by stocks like Kotak Mahindra Bank, Bharti Airtel, Bajaj Finance, Lodha Developers and Titan. The Indian volatility index, Nifty VIX, rose 7% and closed at 12.1 points. Kotak Mahindra Bank closed 7.3% lower as its net profit plunged 47.5% YoY to Rs 3,281.7 crore in Q1FY26 due to rise in provisions and contingencies. The bank's asset quality deteriorated as its gross NPA expanded 9 bps YoY.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the red, following the benchmark index. BSE Realty Index and Nifty Realty were among the top index losers today. According to Trendlyne’s Sector dashboard, Realty emerged as the worst-performing sector of the day, with a fall of 3.3%.

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. US President Donald Trump announced a major trade deal with the EU. The new deal allows the US to impose a 15% tariff on EU imports, including automobiles. In return, the EU will buy $700 billion in US energy, invest $600 billion in the US, and purchase American defense products. It also commits to zero tariffs on US goods.

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

  • Central Depository Services is falling as its net profit declines 23.7% YoY to Rs 102.4 crore in Q1FY26 due to higher employee benefits and computer technology related expenses. However, revenue increases marginally by 0.6% YoY to Rs 258.8 crore, driven by improvements in the depository activity segment during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Lodha Developers' Q1FY26 net profit grows 42% YoY to Rs 674.7 crore owing tax returns worth Rs 230.5 crore. Revenue jumps 24.2% YoY to Rs 3,624.7 crore, driven by low home-ownership levels, rising household incomes, strong affordability, and low mortgage rates. It features in a screener of stocks with the highest FII holdings.

  • L&T Technology Services secures a $60 million (Rs 510 crore) order from a US-based telecom provider to deliver advanced network software and application related engineering solutions.

  • Ashok Nair, MD of RPG Life Sciences, projects 11–13% revenue growth for FY26 with margins in the 23–24% range. He expects Naprocyin to become a Rs 100 crore brand within the next few years. He also notes that the company’s domestic business outpaced the industry in Q1, with new product launches contributing around 2.5% to overall growth. The restoration of the company's API business is expected to be completed by Q2FY26.

  • Schaeffler India's net profit grows 17% YoY to Rs 287.1 crore in Q1FY26. Revenue increases 11.7% YoY to Rs 2,352.6 crore, led by improvements in the automotive technologies, vehicle lifetime solutions, and bearings & industrial solutions segments. It features in a screener of stocks with high gains and high volume.

  • Alembic Pharma receives US FDA approval for its abbreviated new drug application (ANDA) for Carbamazepine Extended-Release tablets. The drug treats seizures and nerve pain. According to IQVIA, the drug had a market size of $71 million as of March 2025.

  • Amber Enterprises is rising as it signs a definitive agreement to acquire a 40.2% stake in Israel-based Unitronics for Rs 404 crore. Unitronics specializes in industrial automation products, including programmable logic controllers and human-machine interfaces.

  • A McKinsey & Company report reveals that only 20–25% of India’s 850 million internet users shop online, significantly lower than in mature markets like the US and China, where over 85% do. As of FY23, e-commerce makes up just 7–9% of India’s total retail sales, but this is expected to more than double to 15–17% by 2030, highlighting strong growth potential.

  • Poonawalla Fincorp rises sharply as its Q1FY26 net interest income (NII) beats Forecaster estimates by 1.3%. Revenue grows 31.9% YoY to Rs 1,314 crore, helped by improvements in assets under management (AUM). However, net profit plunges 78.5% YoY to Rs 62.6 crore due to higher finance, impairment on financial instruments, and employee benefits expenses. The company's board of directors approves raising Rs 1,500 crore through the preferential issue of equity shares to its promoters.'

  • Zen Technologies falls to its 5% lower limit as its net profit declines 37.8% YoY to Rs 47.8 crore in Q1FY26. Revenue decreases 37.9% YoY to Rs 158.2 crore due to delays in large orders caused by changes in design requirements. The company appears in a screener of stocks with PE ratio higher than the Industry average.

  • Sobha’s Q1FY26 net profit grows 124.8% YoY to Rs 13.6 crore. Revenue increases 34.6% YoY to Rs 901.4 crore, driven by higher sales and improved revenue realisation. The firm appears in a screener of stocks where mutual funds are increasing their shareholding.

  • TCS plans to reduce its workforce by approximately 2%, or around 12,000 jobs, by March 2026 as part of a restructuring effort to remain agile amid technological shifts, particularly in AI. CEO K. Krithivasan says that the move is driven by the need to realign skills, rather than AI replacing jobs, citing challenges in redeploying employees whose roles no longer align with future needs.

  • Petronet LNG is rising as its Q1FY26 revenue beats Forecaster estimates by 2.9% despite falling 11% YoY to Rs 12,096.5 crore. Net profit declines 23.8% YoY to Rs 841.9 crore due to higher employee benefits and depreciation & amortisation expenses. The company's board of directors approves setting up a 5 MMTPA greenfield LNG terminal with an estimated capex of Rs 6,354.8 crore.

  • IDFC First Bank's net profit plunges 29.4% YoY to Rs 453.5 crore in Q1FY26, impacted by a sharp rise in provisions and contingencies. However, revenue increases 9.7% YoY to Rs 9,642.2 crore, driven by improvements in the treasury, wholesale, and retail banking segments. The bank's asset quality improves during the quarter as its net NPA contracts by 4 bps YoY during the quarter.

  • Tata Chemicals’ Q1 FY26 net profit grows 68% YoY to Rs 252 crore, driven by an income tax refund and lower raw material costs. But, revenue declines 0.5% YoY to Rs 3,815 crore during the quarter, due to lower price realisations. The firm appears in a screener of stocks where foreign institutional investors (FIIs) are increasing their shareholding.

  • Nuvama maintains a 'Hold' rating on Cipla with a higher target price of Rs 1,651. The brokerage attributes Cipla’s performance to strong operational execution, with a Q1FY26 EBITDA margin of 25.6%, surpassing consensus by 103 basis points. Gross margins reached 68.8%, reflecting effective cost management. Key product highlights include Lanreotide, which has secured a 21% market share, along with recent launches of gAbraxane and Nilotinib.

  • Jefferies downgrades Indian Energy Exchange to an 'Underperform' rating with a lower target price of Rs 105 per share. The brokerage believes that the implementation of new market coupling norms from January 2026 will accelerate IEX's market share loss, estimating it to fall to 50% by FY28, down from over 80%.

  • RITES is rising as it secures a Rs 177.2 crore order from Bharat Electronics to construct a mass manufacturing facility for export-related defence equipment in Andhra Pradesh.

  • VA Tech Wabag secures a Rs 380 crore order from the Bangalore Water Supply and Sewerage Board (BWSSB) to construct wastewater treatment plants.

  • Satyanarayana Chava, Founder & CEO of Laurus Labs, expects to maintain the current EBITDA margin momentum with a target of 25% for FY26. He highlights a Q1 gross margin of 59% and anticipates it will stay within the 55-60% range in FY26. He also notes that the CDMO business is approaching Rs 500 crore in revenue, with the current run rate likely to continue.

  • ACME Solar Holdings surges as it posts a Q1FY26 net profit of Rs 130.8 crore compared to a net profit of Rs 1.4 crore in Q1FY25. Revenue jumps 71.8% YoY to Rs 584 crore, led by improvements in capacity utilisation and new capacity additions. It features in a screener of stocks with rising net profit margins QoQ and trailing twelve-month (TTM).

  • Steel Authority of India (SAIL) is falling sharply as its Q1FY26 net profit misses Forecaster estimates by 33.7% despite surging 9.1x YoY to Rs 744.6 crore, owing to lower raw materials and finance costs. Revenue grows 7.9% YoY to Rs 26,083.9 crore, helped by improvements in the Bokaro steel plant and alloy steels plant. It shows up in a screener of stocks with increasing trend in non-core income.

  • Bank of Baroda's Q1FY26 net profit grows 1.9% YoY to Rs 4,541.4 crore. Revenue increases 4.9% YoY to Rs 31,091.5 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 60 bps and 9 bps YoY, respectively.

  • Kotak Mahindra Bank is falling as its net profit plunges 47.5% YoY to Rs 3,281.7 crore in Q1FY26 due to rise in provisions and contingencies. However, revenue increases 8.6% YoY to Rs 13,836.5 crore, driven by improvements in the retail and wholesale banking segments during the quarter. The bank's asset quality deteriorates as its gross NPA expands 9 bps YoY.

  • Nifty 50 was trading at 24,751.25 (-85.8, -0.4%), BSE Sensex was trading at 81,299.97 (-163.1, -0.2%) while the broader Nifty 500 was trading at 22,961.30 (-53.5, -0.2%)

  • Market breadth is in the red. Of the 2,064 stocks traded today, 890 showed gains, and 1,101 showed losses.

Riding High:

Largecap and midcap gainers today include MphasiS Ltd. (2,703.80, 3%), Adani Green Energy Ltd. (1,003.90, 2.9%) and Shriram Finance Ltd. (633.45, 2.9%).

Downers:

Largecap and midcap losers today include Kotak Mahindra Bank Ltd. (1,966.60, -7.4%), Lodha Developers Ltd. (1,203.20, -6.0%) and SBI Cards and Payment Services Ltd. (837.10, -5.8%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Laurus Labs Ltd. (889.25, 6.2%), Aadhar Housing Finance Ltd. (516.55, 4.1%) and Global Health Ltd. (1,351.60, 2.2%).

Top high volume losers on BSE were Kotak Mahindra Bank Ltd. (1,966.60, -7.4%), SBI Cards and Payment Services Ltd. (837.10, -5.8%) and Steel Authority of India (SAIL) Ltd. (125.59, -3.9%).

TTK Prestige Ltd. (636.95, 1.0%) was trading at 12.4 times of weekly average. Carborundum Universal Ltd. (934.10, -2.6%) and Poonawalla Fincorp Ltd. (420.65, 1.8%) were trading with volumes 8.2 and 7.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

8 stocks overperformed with 52 week highs, while 3 stocks hit their 52 week lows.

Stocks touching their year highs included - Fortis Healthcare Ltd. (846.65, 0.1%), Torrent Pharmaceuticals Ltd. (3,622.90, 0.5%) and UPL Ltd. (729.85, 1.1%).

Stocks making new 52 weeks lows included - Colgate-Palmolive (India) Ltd. (2,205.80, -0.5%) and Tejas Networks Ltd. (576.90, -4.1%).

10 stocks climbed above their 200 day SMA including MphasiS Ltd. (2,703.80, 3%) and Shriram Finance Ltd. (633.45, 2.9%). 47 stocks slipped below their 200 SMA including Tanla Platforms Ltd. (614.15, -5.4%) and Suzlon Energy Ltd. (60.85, -4.4%).

 
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