T
Trendlyne Marketwatch
08 Oct 2025, 04:07PM
Market closes lower, Tilaknagar Ind gets CCI nod to acquire Imperial Blue for Rs 4,150 cr
By Trendlyne Analysis

 

Nifty 50 closed at 25,046.15 (-62.2, -0.3%), BSE Sensex closed at 81,773.66 (-153.1, -0.2%) while the broader Nifty 500 closed at 23,109.35 (-100.2, -0.4%). Market breadth is in the red. Of the 2,579 stocks traded today, 987 were on the uptrend, and 1,554 went down.

Indian indices closed lower after switching between losses and gains throughout the day. The Indian volatility index, Nifty VIX, rose 2.6% and closed at 10.3 points. Titan closed 4.3% higher as its revenue grew 20% YoY in Q2FY26, driven by improvements in the jewellery, watches, CaratLane, and eyecare segments.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red, following the benchmark index. Nifty Media and Nifty Auto closed lower. According to Trendlyne’s Sector dashboard, Media emerged as the worst-performing sector of the day, with a fall of 1.3%.

European indices are trading mixed. Major Asian indices ended mixed. US index futures are trading in the green, indicating a positive start to the session. Investors await the release of the US Fed’s latest policy meeting minutes. Meanwhile, Nvidia is reportedly part of a group investing in xAI’s $20 billion fundraising round.

  • Money flow index (MFI) indicates that stocks like Netweb Technologies, Anant Raj, Muthoot Finance, and Mangalore Refinery are in the overbought zone.

  • Motilal Oswal retains its 'Buy' call on Endurance Technologies with a higher target price of Rs 3,311 per share. This indicates a potential upside of 12.8%. The brokerage believes that the company's new order wins and focus on ramping up presence in the passenger vehicle segment will drive revenue growth. It expects the firm to deliver a revenue CAGR of 12% over FY26-27.

  • ABB plans to divest its robotics division to Japan's SoftBank Group for nearly $5.4 billion and not pursue its earlier intention to spin off the business as a separately listed company.

  • Tilaknagar Industries rises as it reportedly receives approval from the Competition Commission of India (CCI) to acquire the Imperial Blue Whiskey business from Pernod Ricard for Rs 4,150 crore.

  • UBS initiates coverage on Canara Bank with a 'Buy' rating and a target price of Rs 150. The brokerage expects key business metrics to remain stable, with ROA and ROE at around 1% and 16%, respectively, over FY26–28. It notes that the bank’s loan growth outlook is steady, NIM pressure is expected to be limited, and credit costs are likely to stay under control.

  • Godrej Consumer Products falls as it expects short-term profit impact from GST reforms. The company states that distributors and retailers are adjusting their existing stock, which has delayed new orders. It anticipates mid-single-digit consolidated revenue growth in Q2FY26.

  • Utkarsh Small Finance Bank is rising as its board of directors approves a rights issue at Rs 14 per share and sets the record date as October 14. The issue involves 67.8 crore shares worth Rs 949.1 crore.

  • Kolte-Patil Developers is rising as it receives approval from the National Company Law Tribunal (NCLT) to merge its subsidiary, Kolte-Patil Integrated Townships, with itself.

  • Tyre makers like MRF and Ceat rise as GST cuts and strong OEM wholesale volumes for September 2025 lift sentiment. ICICI Securities notes steady YoY export growth for most OEMs and healthy volumes in the CV segment, with early signs of recovery in LCVs. The brokerage expects margin recovery and improving volumes to drive profit growth for domestic tyre companies.

  • Ajmera Realty & Infra India rises sharply as its pre-sales surge 184% YoY to Rs 720 crore in Q2FY26. Collections jump 66% YoY to Rs 220 crore. The company launches two projects in Mumbai with a total gross development value (GDV) of Rs 2,100 crore during the quarter.

  • Tata Motors falls as Jaguar Land Rover (JLR) retail sales decline 17.1% YoY to 85,495 units in Q2FY26. Wholesales drop 24.2% YoY due to a production pause after a cyberattack that impacted the company's operations.

  • P N Gadgil Jewellers is rising as its Q2FY26 revenue from continuing operations (excluding refinery) rises 31% YoY to Rs 2,173 crore. The company opens eight new showrooms, bringing its total store count to 63.

  • JM Financial maintains a positive outlook on India’s alcoholic beverages sector, forecasting 9.5% revenue growth in Q2FY26. It expects spirits makers to outperform beer companies, with Radico Khaitan as its top pick. Stable input costs and strong sales are expected to support margins and drive expansion for select players in the sector. The brokerage rates Radico Khaitan a 'Buy' with a target price of Rs 3,515.

  • SML Isuzu's monthly wholesales decline 17.8% YoY to 812 units in September. However, exports jump 106% YoY during the month.

  • Indogulf Cropsciences rises as Sunil Singhania adds the company to his portfolio. He buys a 4% stake in the firm in Q2FY26.

  • Anant Raj's board of directors approves a qualified institutional placement (QIP) of equity shares worth approx. Rs 1,000 crore at a floor price of Rs 695.8 per share.

  • Anand Agarwal, CFO of VMart Retail, expects festive-led momentum to sustain through Q2 and Q3, driving 17–23% sales growth. He believes the GST impact on value retailers will be minimal and projects mid-to-high single-digit same-store sales growth for FY26.

  • Om Freight Forwarders' shares debut on the bourses at a 39.6% discount to the issue price of Rs 135. The Rs 122.3 crore IPO received bids for 3.9 times the total shares on offer.

  • Advance Agrolife's shares debut on the bourses at a 14% premium to the issue price of Rs 100. The Rs 192.9 crore IPO received bids for 56.9 times the total shares on offer.

  • IRB Infrastructure Developers is rising as its total toll collection rises 10.9% YoY to Rs 556.7 crore in September.

  • Nuvama maintains a 'Buy' rating on Godrej Consumer with a target price of Rs 1,450. The brokerage expects revenue to rise 6% YoY, though EBITDA may slip 3% YoY due to the GST transition impact. It projects 8% YoY growth in the home care segment, while the personal care segment may fall 2% on weaker soap sales and grammage cuts. The brokerage remains optimistic that GCPL will post double-digit growth in value and volume in the coming quarters.

  • Keystone Realtors' pre-sales grow 9% YoY to Rs 763 crore in Q2FY26. Its collections increase 9% to Rs 601 crore during the quarter, helped by the launch of a project with a gross development value (GDV) of Rs 949 crore.

  • Lodha Developers' pre-sales grow 7% YoY to Rs 4,570 crore in Q2FY26. Collections for the quarter increase by 13% YoY to Rs 3,480 crore. The company adds a new project in Mumbai, with a total gross development value (GDV) of Rs 2,300 crore.

  • Saatvik Green Energy surges to a new all-time high of Rs 483 as it secures two letters of award (LoA) worth Rs 707.6 crore from independent power producers to supply solar photovoltaic (PV) modules.

  • Titan rises sharply as its revenue grows by 20% YoY in Q2FY26, driven by improvements in the jewellery, watches, CaratLane, and eyecare segments. The company adds 55 new stores during the quarter, expanding its total store network to 3,377.

  • Nifty 50 was trading at 25,146.05 (37.8, 0.2%), BSE Sensex was trading at 81,899.51 (-27.2, 0.0%), while the broader Nifty 500 was trading at 23,243.70 (34.2, 0.2%).

  • Market breadth is in the green. Of the 2,083 stocks traded today, 1,311 were gainers and 714 were losers.

Riding High:

Largecap and midcap gainers today include Titan Company Ltd. (3,565.60, 4.3%), Escorts Kubota Ltd. (3,627.20, 2.9%) and Infosys Ltd. (1,495, 2.5%).

Downers:

Largecap and midcap losers today include UNO Minda Ltd. (1,311.40, -4.0%), Oberoi Realty Ltd. (1,577.50, -3.6%) and Aditya Birla Capital Ltd. (295.25, -2.7%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included ITI Ltd. (356.65, 10.0%), Aster DM Healthcare Ltd. (698.55, 5.6%) and Sonata Software Ltd. (370.70, 5.1%).

Top high volume losers on BSE were Ajanta Pharma Ltd. (2,418, -1.7%), Happiest Minds Technologies Ltd. (491.25, -1.4%) and Concord Biotech Ltd. (1,607, -1.2%).

Graphite India Ltd. (590.35, 2.8%) was trading at 14.5 times of weekly average. IFCI Ltd. (58.93, 4.1%) and Century Plyboards (India) Ltd. (820.10, 0.4%) were trading with volumes 10.7 and 7.5 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

7 stocks took off, crossing 52 week highs, while 7 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Canara Bank (126.04, -1.6%), Hero MotoCorp Ltd. (5,512.50, -1.8%) and MRF Ltd. (1,55,210, 1.0%).

Stocks making new 52 weeks lows included - United Breweries Ltd. (1,745.80, -2.5%) and Crompton Greaves Consumer Electricals Ltd. (285.95, -0.5%).

8 stocks climbed above their 200 day SMA including Federal Bank Ltd. (202.61, 1.7%) and Pidilite Industries Ltd. (1,493.70, 1.6%). 19 stocks slipped below their 200 SMA including RHI Magnesita India Ltd. (458.30, -6.1%) and Godrej Industries Ltd. (1,071.90, -3.1%).

 
More from Trendlyne Marketwatch
More from Trendlyne Analysis
Recommended
Market closes higher, L&T bags an order worth over Rs 15,000 crore
Trendlyne Marketwatch | 09 Oct 2025, 04:08PM
Diamonds in the dust: Who's thriving in a tough Q2 earnings season?
The Baseline | 09 Oct 2025, 02:29PM
Markets close flat, RailTel's IPO oversubscribed on Day 1
Trendlyne Marketwatch | 16 Feb 2021