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Trendlyne Marketwatch
21 Aug 2025, 03:55PM
Market closes higher, Valor Estate partners with GHV Infra for a Rs 2,000 cr housing project in Mumbai
By Trendlyne Analysis

 

Nifty 50 closed at 25,083.75 (33.2, 0.1%), BSE Sensex closed at 82,000.71 (142.9, 0.2%) while the broader Nifty 500 closed at 23,137.15 (-6, 0.0%). Market breadth is balanced. Of the 2,519 stocks traded today, 1,219 were on the uptick, and 1,257 were down.

Indian indices closed in the green after extending gains in the morning session. The Indian volatility index, Nifty VIX, fell around 3.6% and closed at 11.4 points. Star Health and Allied Insurance closed 0.9% higher on reports that the Government may exempt life and health insurance premiums for individuals from GST.

Nifty Smallcap 100 closed flat, while Nifty Midcap 100 closed in the red. Nifty Auto and Nifty PSU Bank closed lower. According to Trendlyne’s sector dashboard, Hardware Technology & Equipment emerged as the best-performing sector of the day, with a rise of 3.6%.

European indices are trading flat or lower. Major Asian indices closed mixed. US index futures are trading lower, indicating a cautious start to the session. Investors await the start of the Federal Reserve’s Jackson Hole symposium later in the session, as well as the release of the weekly jobless claims data. Meanwhile, Walmart, Intuit, Workday, and Ross Stores are set to report their earnings today.

  • Money flow index (MFI) indicates that stocks like HBL Power Systems, Ola Electric Mobility, TVS Motor, and Fortis Healthcare are in the overbought zone.

  • Valor Estate rises as it partners with GHV Infra for a Rs 2,000 crore housing project in Malad, Mumbai. GHV Infra will act as the engineering, procurement, and construction (EPC) partner, with the project targeted for completion in 60 months from commencement.

  • Deven Choksey retains its 'Buy' call on Ashok Leyland, with a target price of Rs 155 per share. This indicates a potential upside of 18.3%. The brokerage expects the company to grow in the medium term, driven by growth in the light, medium & heavy commercial vehicle segments, combined with margin expansion. It expects the firm's revenue to grow at a CAGR of 8.3% over FY26-27.

  • JSW Steel's subsidiary, Mivaan Steels, emerges as the successful bidder for a coal block, Rajgamar Dipside, in Chhattisgarh, in an auction held by the Ministry of Coal (MoC).

  • IDBI Bank jumps over 8% after Arunish Chawla, Secretary at the Department of Investment and Public Asset Management (DIPAM), says that due diligence for the bank’s divestment is nearly complete and is expected to conclude by September. Reports suggest that financial bids for the 60.7% stake sale (30.5% from the government and 30.2% from LIC) are likely to be invited in Q3FY26.

  • Garden Reach Shipbuilders & Engineers rises after reports indicate the Centre may approve schemes worth around Rs 65,000 crore for the shipping sector. The Union Cabinet is expected to clear the proposals within a month.

  • PTC Industries receives an order worth over Rs 100 crore from BrahMos Aerospace to supply critical titanium castings for the supersonic cruise missile programme.

  • Angel One falls sharply as Securities and Exchange Board of India (SEBI) Chairman Tuhin Kanta Pandey discloses plans to increase the tenure of equity derivatives. He highlights that SEBI is exploring ways to extend the maturity of derivatives contracts and deepen volumes in the cash market. Derivatives broking contributes 45% of the company’s revenue.

  • Motilal Oswal initiates coverage on HDB Financial Services with a 'Neutral' rating and a target price of Rs 860. It believes current valuations already account for medium-term growth. The brokerage is looking for clearer signs of stronger loan growth, better management of industry and product cycles, and lasting improvements in return ratios before turning more positive.

  • Computer Age Management Services is rising as it receives approval from the Reserve Bank of India (RBI) to transfer its online payment aggregator business to its subsidiary, CAMS Payment Services.

  • Transrail Lighting is rising as it receives orders worth Rs 837 crore from domestic and international markets for engineering, procurement and construction (EPC) of transmission line towers.

  • IndiGrid Infrastructure Trust rises to its all-time high of Rs 160 per share as it enters an agreement with Techno Electric & Engineering to acquire NERES XVI Power Transmission at an enterprise value of Rs 460 crore.

  • HSBC notes muted growth in the Indian IT sector, citing structural issues like productivity gains and market share loss to Global Capability Centres (GCCs). It expects a cyclical recovery, with 6–7% growth likely by FY27 as spending picks up. It prefers LTIMindtree, Tech Mahindra, and Infosys among large caps, and Mphasis, Hexaware, and Persistent Systems in mid caps.

  • PTC India Financial Services is rising as it enters an agreement with Enviro Infra Engineering's subsidiary, EIE Engineering, to transfer Vento Power Infra's management for Rs 115.6 crore. This comes after the company issued a letter of intent (LoI) to Enviro Infra for the resolution of debt of Vento Power.

  • Kotak Institutional downgrades InterGlobe Aviation to an 'Add' call from 'Buy' with a lower target price of Rs 6,850 per share, citing operational challenges. The brokerage notes that despite falling crude prices, airline yields have remained flat for the past three years. It believes phasing out damp leases and deferring new aircraft deliveries resulted in capacity cuts. IndiGo’s average monthly flights have declined to about 2,000 this month, down 11% QoQ.

  • Fortis Healthcare hits an all-time high of Rs 971 as it signs an agreement with Ekana Group to operate and manage a 550-bed greenfield super specialty hospital near Gomti Nagar in Lucknow.

  • India’s Composite PMI rises to 65.2 in August, up from 61.1 in July, indicating stronger demand conditions. New business rose sharply for both goods producers and service providers. Export orders surged at the fastest rate since composite data tracking began in 2014, driven by higher inflows from Asia, the Middle East, Europe, and the US.

  • Insurance stocks like Niva Bupa Health Insurance, Star Health and Allied Insurance, and SBI Life Insurance are rising as reports suggest that life and health insurance bought by individuals may be exempt from the 18% GST levy. The GST Council will take the final decision after wider consultations with states.

  • Godrej Properties wins the bid for a 7.8-acre land parcel from the Telangana Housing Board in Hyderabad for Rs 547 crore. The project has an estimated revenue potential of around Rs 3,800 crore.

  • V-Guard Industries promoter Kochouseph Chittilappilly sells 41.5 lakh shares worth Rs 154 crore through a block deal on Wednesday at an average price of Rs 370 per share.

  • Nuvama initiates coverage on Hexaware Technologies with a 'Buy' rating and a target price of Rs 950. The brokerage notes that the company’s revenue is well-positioned to surpass industry growth, supported by stable cash flows and margins. It also highlights the firm’s strong growth potential in a niche IT segment, driven by its diversified presence across multiple verticals.

  • Ujaas Energy's board of directors schedules a meeting on August 26 to consider a proposal for issuing bonus shares.

  • India Cements rises sharply as its promoter, Ultratech Cement, plans to sell a 6.5% stake (or 2 crore shares) worth Rs 745 crore through an offer for sale (OFS).

  • Clean Science & Technology plunges as 2.1 crore shares (20% stake), worth Rs 2,343 crore, reportedly change hands in a block deal at an average price of Rs 1,124 per share. Promoters Ashok Boob and Krishna Boob are likely the sellers in the transaction.

  • Jupiter Wagons' subsidiary, Jupiter Tatravagonka Railwheel Factory, bags a letter of intent (LoI) worth Rs 215 crore to supply 5,376 wheelsets for the Vande Bharat train.

  • Nifty 50 was trading at 25,087.75 (37.2, 0.2%), BSE Sensex was trading at 82,220.46 (362.6, 0.4%) while the broader Nifty 500 was trading at 23,180.30 (37.2, 0.2%).

  • Market breadth is overwhelmingly positive. Of the 2,011 stocks traded today, 1,456 were gainers and 500 were losers.

Riding High:

Largecap and midcap gainers today include IDBI Bank Ltd. (97.58, 8.2%), Mankind Pharma Ltd. (2,600.10, 3.7%) and Swiggy Ltd. (435.70, 3.5%).

Downers:

Largecap and midcap losers today include Dabur India Ltd. (515.70, -3.6%), Tata Communications Ltd. (1,589, -3.4%) and Suzlon Energy Ltd. (58.16, -2.8%).

Volume Shockers

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

Top high volume gainers on BSE included KIOCL Ltd. (444.25, 10.4%), IDBI Bank Ltd. (97.58, 8.2%) and Lemon Tree Hotels Ltd. (166.34, 6.9%).

Top high volume losers on BSE were Angel One Ltd. (2,537.80, -6.7%), Tata Communications Ltd. (1,589, -3.4%) and Clean Science & Technology Ltd. (1,149, -2.7%).

Jupiter Wagons Ltd. (343.25, 4.1%) was trading at 65.8 times of weekly average. India Cements Ltd. (390.95, 5.6%) and Happiest Minds Technologies Ltd. (597.25, 0.9%) were trading with volumes 35.2 and 18.1 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

18 stocks took off, crossing 52 week highs, while 1 stock hit their 52 week lows.

Stocks touching their year highs included - Apollo Hospitals Enterprise Ltd. (7,926.50, 0.6%), Fortis Healthcare Ltd. (947.55, -1.7%) and Grasim Industries Ltd. (2,881.20, 0.6%).

Stock making new 52 weeks lows included - Clean Science & Technology Ltd. (1,149, -2.7%).

20 stocks climbed above their 200 day SMA including Mankind Pharma Ltd. (2,600.10, 3.7%) and PVR INOX Ltd. (1,122.55, 3.3%). 13 stocks slipped below their 200 SMA including Angel One Ltd. (2,537.80, -6.7%) and Tata Communications Ltd. (1,589, -3.4%).

 
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