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Trendlyne Marketwatch
13 Oct 2025, 04:02PM
Market closes lower, L&T bags power orders worth over Rs 2,500 crore
By Trendlyne Analysis

 

Nifty 50 closed at 25,227.35 (-58, -0.2%), BSE Sensex closed at 82,327.05 (-173.8, -0.2%) while the broader Nifty 500 closed at 23,294.80 (-42.8, -0.2%). Market breadth is highly negative. Of the 2,590 stocks traded today, 819 were in the positive territory and 1,708 were negative.

Indian indices closed in the red amid heightened trade tensions between US & China over export of rare earth magnets. The Indian volatility index, Nifty VIX, rose 8.8% and closed at 10.9 points. Waaree Renewable Technologies closed 8% higher after its Q2FY26 net profit surged 117.2% YoY to Rs 116.3 crore, driven by lower finance costs. Meanwhile, Tata Capital's shares debuted on the bourses at a 1.2% premium to the issue price of Rs 326.

Nifty Midcap 100 closed flat, while Nifty Smallcap 100 closed in the red. Nifty Capital Markets and Nifty200 Alpha30 were among the top index gainers today. According to Trendlyne’s Sector dashboard, Diversified emerged as the best-performing sector of the day, with a rise of 1.2%.

Asian indices closed in the red, while European indices are trading higher except Russia’s MOEX & RTSI indices. US index futures traded higher, rebounding from last week’s sharp losses, after President Donald Trump struck a reassuring tone on US-China trade relations, easing concerns over a potential escalation. Meanwhile, the US earnings season kicks off this week, with major banks including Citigroup, JPMorgan Chase, Wells Fargo, and Goldman Sachs set to report on Tuesday.

  • Relative strength index (RSI) indicates that stocks like Yes Bank, Tata Communications, Indian Bank, and Dr Agarwals Health Care are in the overbought zone.

  • Biocon is falling as it receives Form 483 with one observation from the US FDA after an inspection at its manufacturing facility in New Jersey, US.

  • Bank of Baroda cuts its marginal cost of funds-based lending rates (MCLR) for select tenures, effective October 12. The one-month MCLR falls to 7.9% from 7.95%, the six-month to 8.6% from 8.65%, and the one-year to 8.75% from 8.8%.

  • ICICI Direct upgrades Tata Consultancy Services to a 'Buy' call from 'Hold', with a target price of Rs 3,640 per share. This indicates a potential upside of 20.8%. The brokerage believes that the company's AI and data centre expansion will drive long-term growth. It expects the firm's revenue to grow at a CAGR of 5.2% over FY26-27.

  • Nomura reiterates its 'Reduce' rating on Phoenix Mills with a target price of Rs 1,350. The brokerage calls the company’s consumption growth “unexciting” and warns that retail income growth in Q2FY26 will lag due to tenant churn. Nomura expects consumption growth to slow in H2FY26 compared to H1 due to a higher base, with limited visibility on when retail income growth will bottom out.

  • Computer Age Management Services' board of directors approves a five-for-one stock split.

  • Stallion India Fluorochemicals rises sharply as its net profit jumps 13.4X to Rs 11.4 crore in Q2FY26, helped by lower finance and other expenses. Revenue grows 56.2% YoY to Rs 105.6 crore during the quarter. The company features in a screener of stocks with near their 52-week high with significant volumes.

  • Hind Rectifiers' board of directors appoints Manoj Nair as the Chief Executive Officer (CEO), succeeding Suramya Nevatia, effective October 10.

  • Jefferies initiates coverage on Au Small Finance Bank with a 'Buy' rating and a price target of Rs 910. The brokerage believes the bank is at a pivotal stage, where its transition to a universal bank could lower funding costs, boost fees, and strengthen its brand, supporting growth. It expects return on assets (RoA) to reach 1.7% by FY27 and factors in a capital raise next year, noting that robust growth and profitability will support the bank’s valuation premium.

  • Mankind Pharma enters an agreement with its arm, Bharat Serums and Vaccines, to acquire its branded generics business relating to the women health portfolio for Rs 797 crore.

  • Welspun Enterprises is rising as it emerges as the preferred bidder for a Rs 7,300 crore order from the Ministry of Road Transport and Highways (MoRTH) to construct the 6-lane Pune–Shirur highway. The company also bags a Rs 3,145 crore order in partnership with Veolia Water Technologies to set up a 910 million litres per day (MLD) water treatment plant in Maharashtra.

  • Larsen & Toubro's power transmission & distribution (PT&D) business bags an order worth Rs 2,500–5,000 crore in the Middle East. The 400 kV project will connect power networks across Gulf Cooperation Council (GCC) countries to make electricity supply more stable and efficient.

  • JM Financial maintains a 'Buy' rating on Suzlon Energy with a lower target price of Rs 66. The brokerage believes that localizing wind energy components and data centers will create a level playing field for Indian manufacturers. While solar combined with Battery Energy Storage Systems (BESS) is partially replacing wind in hybrid renewable energy projects, a full substitution appears unlikely. It also notes that a recalibration of India’s renewable energy strategy is imminent and anticipates an increase in project tenders that include a wind component.

  • Signatureglobal (India) falls as its Q2FY26 pre-sales decline 28% YoY to Rs 2,010 crore due to a 46% YoY reduction in the number of units sold. However, collections grow 2% YoY to Rs 940 crore.

  • Euro Pratik Sales falls as its Q2FY26 net profit declines 34.6% YoY to Rs 96.9 crore due to higher raw materials, employee benefits, finance costs, and a one-time loss of Rs 78.9 crore caused by a fire incident. However, revenue grows 23.7% YoY to Rs 658.2 crore during the quarter. It appears in a screener of stocks with low Piotroski scores.

  • Tata Capital's shares debut on the bourses at a 1.2% premium to the issue price of Rs 326. The Rs 15,511.9 crore IPO received bids for 1.9 times the total shares on offer.

  • Reliance Power and Reliance Infrastructure fall sharply after the Enforcement Directorate (ED) arrests senior executive Ashok Kumar Pal over alleged fake bank guarantees and invoicing. The investigation, tied to Rs 3,000 crore in loans from Yes Bank, is part of an ongoing probe under the Prevention of Money Laundering Act (PMLA) into financial irregularities within the Anil Ambani Group.

  • Lupin falls as it receives Form 483 with one observation from the US FDA after an inspection at its manufacturing facility in New Jersey, US.

  • HDFC Asset Management Company is rising as its board of directors schedules a meeting for October 15 to consider a proposal for a bonus issue of shares. The company will also announce its Q2FY26 results.

  • BLS International plunges more than 10% as the Ministry of External Affairs (MEA) temporarily restricts the company from participating in India Mission tenders for two years. The India Missions contributed to 12% of the company's revenue in Q1FY26.

  • Manmohan Sharma, CFO of Waaree Renewable Technologies, says margins improved in Q2 and are expected to stay above 15% due to strong execution and financial discipline. He adds that the 3.5 GWp projects are on track and the EPC segment requires no new debt. The company plans to expand its independent power producer (IPP) assets by 54 MW in FY26, with most projects being ground-mounted across Rajasthan, Gujarat, Andhra Pradesh, and Maharashtra.

  • Mahindra Lifespace Developers is rising as it acquires a 13.5-acre land parcel in Nande-Mahalunge, Pune, with an estimated gross development value (GDV) of Rs 3,500 crore.

  • Waaree Renewable Technologies rises sharply as its Q2FY26 net profit surges 117.2% YoY to Rs 116.3 crore, led by lower finance costs. Revenue jumps 47.6% YoY to Rs 779.2 crore, helped by improvements in the engineering, procurement & construction (EPC) contracts and power sale segments. It features in a screener of affordable stocks with high RoE and momentum.

  • Hindustan Construction Company is rising as it secures an order worth Rs 204 crore from Hindalco Industries for fabricating, supplying, and erecting pot shells and superstructures under the Aditya Aluminium smelter expansion project in Odisha.

  • Avenue Supermarts is falling as its Q2FY26 net profit misses Forecaster estimates by 2.5% despite growing 3.9% YoY to Rs 685 crore. Revenue jumps 15.3% YoY to Rs 16,695.9 crore, driven by an improvement in the foods segment. It shows up in a screener of stocks with declining net cash flow.

  • Indian markets slumped today. Nifty 50 was trading at 25,206.30 (-79.1, -0.3%), BSE Sensex was trading at 82,049.16 (-451.7, -0.6%) while the broader Nifty 500 was trading at 23,262.50 (-75.1, -0.3%).

  • Market breadth is moving down. Of the 2,170 stocks traded today, 605 showed gains, and 1,487 showed losses.

Riding High:

Largecap and midcap gainers today include Torrent Power Ltd. (1,283.60, 3.6%), Adani Power Ltd. (154.43, 3.2%) and HDFC Asset Management Company Ltd. (5,669, 2.7%).

Downers:

Largecap and midcap losers today include Tata Communications Ltd. (1,798.20, -3.9%), Balkrishna Industries Ltd. (2,218.20, -3.0%) and L&T Technology Services Ltd. (4,193.80, -2.9%).

Volume Rockets

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

Top high volume gainers on BSE included Jubilant Ingrevia Ltd. (706.25, 8.5%), KFIN Technologies Ltd. (1,143.80, 6.7%) and C.E. Info Systems Ltd. (1,788.80, 5.0%).

Top high volume losers on BSE were BLS International Services Ltd. (299.80, -11.1%), Timken India Ltd. (2,927.20, -2.0%) and International Gemmological Institute (India) Ltd. (343.90, -1.0%).

Sheela Foam Ltd. (678.25, -0.4%) was trading at 30.3 times of weekly average. Aditya Birla Sun Life AMC Ltd. (857.95, 4.5%) and Just Dial Ltd. (861.50, 3.5%) were trading with volumes 12.3 and 9.4 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

11 stocks took off, crossing 52 week highs, while 4 stocks hit their 52 week lows.

Stocks touching their year highs included - Bajaj Finance Ltd. (1,036.75, 1.3%), Fortis Healthcare Ltd. (1,095.15, 3.3%) and Indian Bank (783.50, 0.9%).

Stocks making new 52 weeks lows included - Godrej Agrovet Ltd. (672, 1.7%) and Westlife Foodworld Ltd. (626.15, -2.4%).

9 stocks climbed above their 200 day SMA including Jubilant Ingrevia Ltd. (706.25, 8.5%) and KFIN Technologies Ltd. (1,143.80, 6.7%). 16 stocks slipped below their 200 SMA including Century Plyboards (India) Ltd. (746.40, -3.1%) and Voltas Ltd. (1,378.50, -2.7%).

 
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