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Trendlyne Marketwatch
14 Oct 2025, 04:05PM
Market closes lower, ICICI Prudential's Q2 revenue falls 52% YoY
By Trendlyne Analysis

 

 

Nifty 50 closed at 25,145.50 (-81.9, -0.3%), BSE Sensex closed at 82,029.98 (-297.1, -0.4%) while the broader Nifty 500 closed at 23,184.05 (-110.8, -0.5%). Market breadth is sharply down. Of the 2,593 stocks traded today, 605 were on the uptrend, and 1,937 went down.

Indian indices closed lower after erasing gains in the morning session. The Indian volatility index, Nifty VIX, rose 1.3% and closed at around 11.2 points. LG Electronics India's shares made their debut on the bourses at a 50% premium to the issue price of Rs 1,140. The Rs 11,607 crore IPO received bids for 54 times the total shares on offer.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red, following the benchmark index. Nifty PSU Bank and Nifty Metal closed lower. According to Trendlyne’s Sector dashboard, Telecommunications Equipment emerged as the worst-performing sector of the day, with a fall of 3.2%.

European indices are trading flat or lower. Major Asian indices ended mixed. US index futures are trading in the red, indicating a cautious start to the session as investors await comments from Federal Reserve Chair Jerome Powell. Meanwhile, JPMorgan Chase, Johnson & Johnson, Wells Fargo, Goldman Sachs, and Citigroup are set to report their earnings today.

  • Money flow index (MFI) indicates that stocks like CE Info Systems, Fortis Healthcare, Yes Bank, and Pfizer are in the overbought zone.

  • LT Foods is rising as it plans to acquire a 100% stake in Hungary-based Global Green Europe Kft. for €25 million (approximately Rs 256.5 crore). The acquisition helps the company diversify into the European canned food market and expand its presence in Central and Southern Europe.

  • SG Finserve rises sharply as its Q2FY26 net profit surges 101.1% YoY to Rs 28.4 crore, led by lower employee benefits and impairment on financial instruments expenses. Revenue jumps 141.9% YoY to Rs 74.7 crore during the quarter. The company's board appoints Vinay Gupta as the Chief Executive Officer (CEO), succeeding Sorabh Dhawan, effective November 24.

  • ICICI Prudential Life Insurance's Q2FY26 net profit surges 17.8% YoY to Rs 295.8 crore, driven by a 10% YoY growth in net premium income. However, revenue decreases 52% YoY to Rs 12,015 crore due to a sharp drop in income from investments. Value of new business (VNB) rises 1% YoY. The company appears in a screener of stocks with book value per share improving over the last two years.

  • HDFC Securities maintains a 'Buy' rating on MCX with a target price of Rs 10,000. The brokerage highlights strong growth in the company’s options premium average daily traded value (ADTV), which rose to Rs 6,700 crore in October 2025 from Rs 4,100 crore in Q2FY25. This increase is driven by a surge in gold and silver volumes, now contributing 60% of total notional volume and 30% of premium ADTV.

  • Cochin Shipyard is rising as it bags an order worth over Rs 2,000 crore from a European client for six 1,700 twenty-foot equivalent unit (TEU) feeder container vessels powered by liquified natural gas (LNG).

  • Kernex Microsystems surges to its 10% upper circuit as it receives approval from the Research Designs and Standard Organization (RDSO) for its Kavach System 4.0. This gives the company the nod to begin deliveries for orders worth Rs 3,346.4 crore for the Kavach System.

  • Landmark Cars surges over 9% as its Q2FY26 revenue rises 30.5% YoY to Rs 1,655 crore, driven by a 35% increase in vehicle sales.

  • India’s WPI inflation eases to 0.1% in September from 0.5% in August, led by a decline in prices of food, fuel, and primary articles. Manufactured products, the largest component of the WPI basket, record a slight rise of 0.2% during the month.

  • Motilal Oswal upgrades Swiggy to a 'Buy' call from 'Neutral' with a higher target price of Rs 550 per share. This indicates a potential upside of 26.1%. The brokerage believes that the company's food delivery growth, improvement in Instamart average order value (AOV), and focus on increasing operating efficiency will drive growth. It expects the firm's revenue to deliver a CAGR of 38.4% over FY26-28.

  • Vijay Kedia buys a 1.9% stake in Global Vectra Helicorp in Q2FY26. He now holds a 4.9% stake in the company.

  • Zuari Maroc Phosphates acquires a 24.5% stake (or 2.9 crore shares) in Mangalore Chemicals & Fertilizers, worth approx. Rs 911.9 crore.

  • Nuvama stays cautious on Indian equities, citing an unfavourable risk–reward despite policy easing. The brokerage expects continued earnings downgrades due to weak exports and slower government spending, which outweigh gains from GST cuts. It downgrades banking and financial services (BFSI) while upgrading information technology (IT), indicating a potential sectoral rotation in portfolios.

  • Indian Renewable Energy Development Agency is rising as its Q2FY26 net profit jumps 41.7% YoY to Rs 549.3 crore, helped by a reduction in provisions. Revenue grows 26.2% YoY to Rs 2,057.3 crore during the quarter. It features in a screener of stocks with increasing revenue over the past four quarters.

  • LE Travenues Technology is falling as Saif Partners India IV sells a 3.3% stake worth approximately Rs 4,450 crore. It now holds a 2.5% stake in the company.

  • RBL Bank is rising as Dubai-based Emirates NBD Bank reportedly plans to acquire a 51% stake in the bank in a deal worth approx Rs 15,000 crore. Emirates NBD plans to acquire a 26% stake in RBL Bank from institutional investors and a 25% stake via an open offer.

  • Tata Motors' stock opens at Rs 400 following the demerger of its commercial vehicle business, effective October 1. Shareholders holding shares on or before October 13 will receive one share of Tata Motors Commercial Vehicles (TMLCV) for every Tata Motors share held. TMLCV shares are expected to list on the BSE and NSE in November.

  • LG Electronics India's shares debut on the bourses at a 50% premium to the issue price of Rs 1,140. The Rs 11,607 crore IPO received bids for 54 times the total shares on offer.

  • Oil India rises as it enters a gas sale and purchase agreement (GSPA) with North Eastern Electric Power Corp (NEEPCO) to supply 1.4 million metric standard cubic meters per day (MMSCMPD) of natural gas to NEEPCO's gas-based power station in Assam.

  • Anand Rathi Wealth surges to its all-time high of Rs 3,180.2 crore as its Q2FY26 net profit jumps 30.5% YoY to Rs 99.4 crore. Revenue rises 23.1% YoY to Rs 307.2 crore, driven by improvements in equity mutual fund inflows and assets under management (AUM). It appears in a screener of stocks with decreasing promoter pledges.

  • India’s CPI inflation falls to an eight-year low of 1.5% in September, down from 2.1% in August, driven by a favourable base effect and easing food prices. Rural and urban inflation decline to 1.1% and 2%, respectively, during the same period.

  • Just Dial is falling sharply as its Q2FY26 net profit declines 22.5% YoY to Rs 119.4 crore, due to higher employee benefits expenses. Revenue decreases 5.5% YoY to Rs 376.4 crore, caused by a reduction in total traffic. It shows up in a screener of stocks with medium to low Trendlyne momentum scores.

  • Lodha Developers is rising as it buys a 100% stake in Chaitanya Bilva (CBPL) for Rs 499.6 crore to acquire approximately an 8.4-acre land parcel in Bengaluru.

  • KEC International is rising as it secures new orders worth Rs 1,174 crore for transmission & distribution (T&D) projects in India and the Middle East. The projects include transmission line works from a private developer in India and additional line projects in Saudi Arabia.

  • HCL Technologies is rising as its Q2FY26 net profit grows 10.2% QoQ to Rs 4,235 crore, helped by lower depreciation & amortisation expenses. Revenue jumps 5% QoQ to Rs 32,357 crore, driven by improvements in the IT & business services, engineering and R&D services, and HCL software segments. It features in a screener of stocks with increasing revenue for the past four quarters.

  • Nifty 50 was trading at 25,293.30 (66.0, 0.3%), BSE Sensex was trading at 82,404.54 (77.5, 0.1%), while the broader Nifty 500 was trading at 23,366.95 (72.2, 0.3%).

  • Market breadth is surging. Of the 2,087 stocks traded today, 1,371 were on the uptick, and 643 were down.

Riding High:

Largecap and midcap gainers today include Tata Communications Ltd. (1,872.60, 4.1%), Sona BLW Precision Forgings Ltd. (452.80, 3.9%) and Indian Renewable Energy Development Agency Ltd. (154.52, 3.0%).

Downers:

Largecap and midcap losers today include Tata Motors Ltd. (395.45, -40.2%), UNO Minda Ltd. (1,185.40, -3.9%) and Dixon Technologies (India) Ltd. (16,634, -3.3%).

Movers and Shakers

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

Top high volume gainers on BSE included C.E. Info Systems Ltd. (1,949.20, 9.0%), Anand Rathi Wealth Ltd. (3,163.20, 7.8%) and Indian Renewable Energy Development Agency Ltd. (154.52, 3.0%).

Top high volume losers on BSE were Just Dial Ltd. (819.50, -4.8%), Sobha Ltd. (1,439.20, -0.6%) and KEC International Ltd. (857.15, -0.1%).

TTK Prestige Ltd. (645.40, 1.3%) was trading at 12.2 times of weekly average. Premier Energies Ltd. (1,057, 2.5%) and Angel One Ltd. (2,404.60, 2.7%) were trading with volumes 3.5 and 3.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

9 stocks hit their 52 week highs, while 5 stocks hit their 52 week lows.

Stocks touching their year highs included - Bajaj Finance Ltd. (1,019.15, -1.7%), L&T Finance Ltd. (262.93, -1.4%) and Multi Commodity Exchange of India Ltd. (9,397.50, 5.2%).

Stocks making new 52 weeks lows included - Tata Motors Ltd. (395.45, -40.2%) and KNR Constructions Ltd. (185.75, -2.4%).

10 stocks climbed above their 200 day SMA including C.E. Info Systems Ltd. (1,949.20, 9.0%) and KPR Mill Ltd. (1,010.60, 2.0%). 16 stocks slipped below their 200 SMA including Alembic Pharmaceuticals Ltd. (915.90, -3.0%) and Zensar Technologies Ltd. (755.80, -2.9%).

 
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