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Trendlyne Marketwatch
03 Oct 2025, 04:04PM
Market closes higher, PTC Industries’ arm wins contract to supply RDH parts to Coolbrook
By Trendlyne Analysis

 

 

Nifty 50 closed at 24,894.25 (58.0, 0.2%), BSE Sensex closed at 81,207.17 (223.9, 0.3%) while the broader Nifty 500 closed at 23,027.70 (99.4, 0.4%). Market breadth is overwhelmingly positive. Of the 2,588 stocks traded today, 1,732 showed gains, and 811 showed losses.

Indian indices closed higher after switching between gains and losses throughout the day. The Indian volatility index, Nifty VIX, fell 2.2% and closed at 10.1 points. Nuvama Wealth Management closed 3.6% in the green after receiving SEBI approval to establish its mutual fund business and act as a sponsor for Nuvama Mutual Fund.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, tracking the benchmark index. Nifty India Defence and BSE Metal were among the best-performing indices of the day. According to Trendlyne’s sector dashboard, Telecommunications Equipment emerged as the highest-performing sector of the day, with a rise of 2.9%.

European indices are trading higher, except Russia’s RTSI and MOEX indices, which are trading 0.2% lower, each. Major Asian indices closed with varied trends. US index futures are trading mixed, indicating a positive start to the session, as AI deals struck between Hitachi & OpenAI, and Fujitsu & NVIDIA, boosted investor confidence.

  • Relative strength index (RSI) indicates that stocks like Tata Investment Corp, Sammaan Capital, Netweb Technologies, and Anant Raj are in the overbought zone.

  • Patanjali Foods is rising as it signs a memorandum of understanding (MoU) with the Ministry of Food Processing Industries (MoFPI), Government of India, to invest Rs 1,000 crore for greenfield and brownfield food processing projects.

  • Unimech Aerospace and Manufacturing falls to its 5% lower circuit as it expects a YoY decline in Q2FY26 revenue and net profit due to US tariffs.

  • Sai Silks (Kalamandir) surges more than 15% as its Q2FY26 revenue grows 28% YoY to Rs 444 crore, helped by new store additions. The company plans to add another 10 stores across Tamil Nadu, Karnataka, Andhra Pradesh, and Telangana.

  • Anand Agarwal, CFO of V-Mart Retail, says Q2 performance was slightly below expectations but gained from the early Durga Puja. He expects a strong Q3, supported by festive demand and GST tailwinds. The company plans to open 70–75 new stores and shut around 5 in FY26, targeting mid-to-high single-digit same-store sales growth.

  • Utkarsh Small Finance Bank is rising as its board of directors approves raising Rs 950 crore through the rights issue of equity shares.

  • Ashoka Buildcon acquires a majority stake in Jaora Nayagaon Toll Road Co (JTCL) for Rs 166.6 crore. The deal consolidates the company and its group's investments in JTCL and offers an exit to investors.

  • Larsen & Toubro rises as its buildings & factories (B&F) business bags an order worth Rs 5,000-10,000 crore to set up an IT park in Bengaluru with a development area of 59 lakh sq. ft.

  • Rakesh Sharma, Executive Director at Bajaj Auto, reports strong sales growth in the first 11 days of the festive season, driven by GST cuts across categories. In September, total sales reached 5.1 lakh units, with domestic sales up 4% YoY and exports rising 18% YoY. He notes that exports to Latin America hit a record high and expects this momentum to continue.

  • John Cockerill surges to its all-time high of Rs 6,569.9 as it bags an order from Godavari Power and Ispat to set up a 6-Hi reversible cold rolling mill (CRM) with an annual capacity of 3 lakh tonnes.

  • PC Jeweller surges as its Q2FY26 revenue rises 63% YoY, supported by festive demand. The company also reduces its outstanding bank debt by about 23% during the quarter.

  • PTC Industries rises sharply as its subsidiary, Trac Precision Solutions, bags a multi-million pound contract from Coolbrook to supply critical machined and cast components for its RotoDynamic Heater (RDH).

  • Goldman Sachs turns bullish on India’s aerospace and defence sector, favouring private players over PSUs. The brokerage highlights that India is raising its defence export target to Rs 50,000 crore by FY29, up from Rs 23,600 crore last year. Its top buy picks include Solar Industries, Bharat Electronics, Data Patterns, and PTC Industries, while it rates Bharat Dynamics as a 'Sell'.

  • TVS Motor's total wholesales grow 12% YoY to 5.4 lakh units in September, driven by an 11% YoY increase in two-wheelers and a 10% YoY growth in international business.

  • Sammaan Capital falls sharply as it receives an open offer from Avenir Investment RSC to acquire a 43.5% stake in the company for a consideration of $1 billion (~Rs 8,850 crore).

  • Jinkushal Industries' shares debut on the bourses at a 3.3% premium to the issue price of Rs 121. The Rs 116.2 crore IPO received bids for 65.1 times the total shares on offer.

  • Waaree Energies gains over 3% after its board approves major capacity expansions across battery, electrolyser, and inverter segments. It plans to boost its Lithium-ion cell and BESS (battery energy storage system) plant capacity from 3.5 GWh (gigawatt hour) to 20 GWh, with a fresh capex of Rs 8,000 crore. This brings the company's total additional capex to Rs 8,175 crore.

  • TruAlt Bioenergy's shares debut on the bourses at a 10% premium to the issue price of Rs 496. The Rs 839.3 crore IPO received bids for 71.9 times the total shares on offer.

  • Tata Motors is rising as its total passenger vehicle sales grow 47% YoY to 60,907 units in September, driven by the GST rate cut and higher demand during the Navratri festival. Its total commercial vehicle sales increase 19%.

  • V-Mart Retail is rising sharply as its Q2FY26 revenue jumps 22% YoY to Rs 807 crore, driven by improvements in same-store sales growth (SSSG) and new store additions.

  • Nuvama maintains a 'Buy' rating on Amara Raja Energy & Mobility with a target price of Rs 1,120. The brokerage expects two-wheeler aftermarket demand to grow by 6–7% and passenger vehicle demand by 10–11% in FY26. It projects EBITDA margins to reach 13% in Q4FY26 and 14% in FY27. Amara Raja’s lead acid battery (LAB) business is expected to outpace industry growth by 3–5% through market share gains and higher exports.

  • Hero MotoCorp's monthly wholesales grow 7.9% YoY to 6.9 lakh units in September due to higher motorcycle and scooter sales and domestic business. Exports surge by 94.8% YoY to 39,638 units during the month.

  • Nuvama Wealth Management rises sharply as it receives approval from the Securities and Exchange Board of India (SEBI) to set up its mutual fund business and act as a sponsor for Nuvama Mutual Fund.

  • Tata Power is rising as its subsidiary, Tata Power Renewable Energy, signs an agreement with Tata Power Mumbai Distribution to set up an 80 MW firm and dispatchable renewable energy project at Rs 1,200 crore.

  • Maruti Suzuki India's total wholesales rise 2.7% YoY to 1.9 lakh units in September, driven by a 52.2% increase in exports. However, total domestic passenger vehicle sales decline 8.4%.

  • Nifty 50 was trading at 24,781.85 (-54.5, -0.2%), BSE Sensex was trading at 80,684.14 (-299.2, -0.4%), while the broader Nifty 500 was trading at 22,906.90 (-21.4, -0.1%).

  • Market breadth is in the green. Of the 2,184 stocks traded today, 1,388 were on the uptick, and 734 were down.

Riding High:

Largecap and midcap gainers today include Lloyds Metals & Energy Ltd. (1,312.30, 6.2%), Kalyan Jewellers India Ltd. (492.15, 5.8%) and Indian Bank (765.95, 3.9%).

Downers:

Largecap and midcap losers today include Max Healthcare Institute Ltd. (1,069.20, -4.0%), Adani Power Ltd. (147.38, -3.4%) and Lodha Developers Ltd. (1,113, -2.4%).

Movers and Shakers

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

Top high volume gainers on BSE included KIOCL Ltd. (528.80, 20.0%), Aegis Logistics Ltd. (874, 11.0%) and Data Patterns (India) Ltd. (2,835.30, 7.8%).

Top high volume loser on BSE was Sapphire Foods India Ltd. (293.65, -0.9%).

EIH Ltd. (393.25, 7.6%) was trading at 25.3 times of weekly average. Shyam Metalics and Energy Ltd. (970.80, 5.0%) and PTC Industries Ltd. (16,648, 6.1%) were trading with volumes 7.4 and 7.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

14 stocks took off, crossing 52 week highs, while 1 stock were underachiever and hit their 52 week lows.

Stocks touching their year highs included - Canara Bank (125.90, 1.7%), Fortis Healthcare Ltd. (980.40, -0.9%) and Hindalco Industries Ltd. (780.35, 1.9%).

Stock making new 52 weeks lows included - Aditya Birla Real Estate Ltd. (1,619.20, -1.8%).

23 stocks climbed above their 200 day SMA including Aegis Logistics Ltd. (874, 11.0%) and EIH Ltd. (393.25, 7.6%). 14 stocks slipped below their 200 SMA including Ola Electric Mobility Ltd. (53.99, -3.3%) and Devyani International Ltd. (167.35, -2.6%).

 
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