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Trendlyne Marketwatch
15 Oct 2025, 04:02PM
Market closes higher, Jindal Stainless plans Rs 1,325 cr capex for slag plant
By Trendlyne Analysis

 

Nifty 50 closed at 25,323.55 (178.1, 0.7%), BSE Sensex closed at 82,605.43 (575.5, 0.7%) while the broader Nifty 500 closed at 23,377.35 (193.3, 0.8%). Market breadth is in the green. Of the 2,586 stocks traded today, 1,530 were gainers and 1,015 were losers.

Indian indices closed higher after extending gains in the afternoon session. The Indian volatility index, Nifty VIX, fell 5.6% and closed at 10.5 points. Tech Mahindra closed lower as its Q2FY26 net profit missed Forecaster estimates despite rising 4.7% QoQ to Rs 1,194.5 crore.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, tracking the benchmark index. Nifty Realty and S&P BSE Telecom were among the best-performing indices of the day. According to Trendlyne’s sector dashboard, Hardware Technology & Equipment emerged as the highest-performing sector of the day, with a rise of 3.3%.

European indices are trading higher, except Russia’s RTSI and the UK’s FTSE 100 indices, which are trading 0.3% and 0.4% lower, respectively. Major Asian indices closed in the green, except Indonesia’s IDX Composite index, which closed 0.5% lower. US index futures are trading higher, indicating a positive start to the session as investors anticipate more Federal Reserve rate cuts this year. Meanwhile, ASML Holding, Bank of America and Morgan Stanley are set to report their results later today.

  • Relative strength index (RSI) indicates that stocks like CE Info Systems, Multi Commodity Exchange, Federal Bank, and Tata Communications are in the overbought zone.

  • DCM Shriram rises as it expands its capacity by adding a 35,000 tonnes per annum (TPA) epichlorohydrin (ECH) plant in Gujarat. The company plans to add the remaining 17,000 TPA capacity in Q3FY26.

  • Tata Communications surges to its 52-week high of Rs 1,999 per share as its Q2FY26 revenue grows 6% YoY to Rs 6,082.5 crore, led by improvements in the campaign registry and data services segments. However, net profit declines 19.4% YoY to Rs 183.1 crore due to higher network & transmission, employee benefits, and finance costs. It features in a screener of affordable stocks with high RoE and momentum.

  • Indian Railway Finance Corp's net profit grows 10.2% YoY to Rs 1,777 crore in Q2FY26, helped by lower finance costs. However, revenue decreases by 7.6% YoY to Rs 6,371.9 crore due to lower lease income. It shows up in a screener of stocks where mutual funds increased their shareholding over the past quarter.

  • Hyundai Motor India plans to launch eight hybrid models across segments and expand its portfolio to 18 products by FY30, up from 14 currently. It aims to invest around Rs 45,000 crore between FY26 and FY30, targeting 7% CAGR in domestic sales. It also projects an EBITDA margin of 11–14% over the same period.

  • Jindal Stainless is rising as it plans to double its slag processing capacity by setting up a new plant in a partnership with Harsco Environmental, with a capex of $150 million (~Rs 1,324.9 crore).

  • Mishra Dhatu Nigam is rising as it bags an order worth Rs 306 crore, taking its open order book to Rs 2,212 crore.

  • TCC Concept rises as its board of directors approves acquiring a 95.2% stake in Pepperfry for Rs 659.4 crore.

  • Jefferies retains a 'Buy' rating on Larsen & Toubro with a higher target price of Rs 4,345. The brokerage believes L&T is well-positioned to meet or surpass its FY26 targets for revenue, order inflow, and margins. It notes that a strong growth outlook, with conservative guidance, should support the stock. It also highlights a recent order win to construct new 132kV substations in the Middle East to meet rising electricity demand.

  • Bank of Maharashtra rises sharply as its Q2FY26 net profit grows 25.2% YoY to Rs 1,668.6 crore, led by lower provisions expenses. Revenue jumps 17.1% YoY to Rs 7,973.9 crore, helped by improvements in the treasury operations, corporate and retail banking segments. The bank's asset quality improves as its gross and net NPA decline 12 bps and 2 bps YoY, respectively.

  • Power Mech Projects rises as it secures a Rs 2,500 crore order from Bharat Heavy Electricals (BHEL) for the 800 MW Singareni thermal power project in Telangana. The EPC contract includes design, supply, construction, and commissioning of key plant systems.

  • Star Cement's board of directors approves raising Rs 1,500 crore by issuing securities through a private placement, preferential issue or other modes.

  • The Society of Indian Automobile Manufacturers (SIAM) data reports a 6.7% YoY growth in domestic two-wheeler sales at 21.6 lakh units in September. Passenger vehicle sales rise 4.4% YoY to 3.7 lakh units. Three-wheeler sales increase by 5.5% to 84,000 units.

  • Ashish Kacholia cuts stake in Awfis Space Solutions to below 1% in Q2FY26. He held a 1.6% stake in the company in Q1FY26.

  • Hyundai Motor India is rising as its board of directors appoints Tarun Garg as its Managing Director (MD) & Chief Executive Officer (CEO), succeeding Unsoo Kim, effective January 1, 2026.

  • Thyrocare Technologies surges to its all-time high of Rs 1,474 per share as its Q2FY26 net profit jumps 79.9% YoY to Rs 48 crore, helped by lower inventory and finance costs. Revenue grows 22% YoY to Rs 219.6 crore, driven by an improvement in the diagnostic testing services segment. It features in a screener of stocks with YoY growth in operating profit and operating margins.

  • Nomura initiates coverage on LG Electronics India with a 'Buy' rating and a target price of Rs 1,800. The brokerage believes India’s favourable demographics and low penetration of major appliances provide strong medium-term growth potential. It projects the company to deliver a solid return on equity (RoE) of 31% and return on invested capital (RoIC) of 56% in FY28.

  • Ashish Kacholia adds Jain Resource Recycling to his portfolio in Q2FY26. He buys a 1.1% stake in the company.

  • ICICI Lombard General Insurance rises sharply as its Q2FY26 net profit grows 18.1% YoY to Rs 819.5 crore. Revenue jumps 12.5% YoY to Rs 6,582.7 crore, helped by improvements in the fire, marine, and health insurance segments. It appears in a screener of stocks with a decrease in provisions.

  • Cyient DLM is falling sharply as its Q2FY26 revenue declines 16% YoY to Rs 333.3 crore due to reductions in the defence and printed circuit board assembly (PCBA) segments. However, net profit surges 108% YoY to Rs 32.1 crore, led by lower raw materials, inventory, and finance costs. It shows up in a screener of stocks with growing costs YoY for long-term projects.

  • Elara maintains an 'Accumulate' rating on ICICI Prudential Life Insurance with a lower target price of Rs 690. The brokerage notes value of new business (VNB) margin rose to ~24.4% in Q2FY26, led by a favourable product mix and improved cost ratios. Annual premium equivalent (APE) declined ~3.3% YoY, impacted by a high base and weaker demand for Unit-Linked Insurance Plans (ULIPs) and annuities. However, it expects growth to rebound in H2FY26, and projects full-year APE growth of ~3%.

  • Persistent Systems rises sharply as its Q2FY26 net profit grows 11% QoQ to Rs 471.5 crore, owing to deferred tax returns of Rs 25.7 crore. Revenue jumps 7.2% QoQ to Rs 3,632.5 crore, driven by improvements in the banking, financial services & insurance (BFSI), healthcare & lifesciences, and software, hi-tech & emerging industries segments. It features in a screener of stocks with high trailing twelve-month (TTM) EPS growth.

  • Saatvik Green Energy's subsidiary, Saatvik Solar Industries, receives orders worth Rs 638.9 crore from independent power producers. The orders involve the supply of solar PV modules, scheduled for completion by June 2026.

  • Keystone Realtors falls sharply as it launches an offer for sale worth up to Rs 251.7 crore, with promoters Boman Irani, Chandresh Mehta, and Percy Chowdhry divesting up to a 3.6% stake. The floor price is set at Rs 550 per share, 10.2% below Tuesday's close.

  • Tech Mahindra's Q2FY26 net profit misses Forecaster estimates by 6.9% despite rising 4.7% QoQ to Rs 1,194.5 crore, helped by a deferred tax credit of Rs 78 crore. Revenue increases 4.8% QoQ to Rs 13,994.9 crore, driven by improvements in the IT and business process services (BPS) segments. It shows up in a screener of stocks with zero promoter pledge.

  • Nifty 50 was trading at 25,241.25 (95.8, 0.4%), BSE Sensex was trading at 82,197.25 (167.3, 0.2%), while the broader Nifty 500 was trading at 23,275.10 (91.1, 0.4%).

  • Market breadth is highly positive. Of the 2,070 stocks traded today, 1,346 were on the uptick, and 645 were down.

Riding High:

Largecap and midcap gainers today include ICICI Lombard General Insurance Company Ltd. (2,020.30, 8.9%), Persistent Systems Ltd. (5,724.60, 7.2%) and Prestige Estates Projects Ltd. (1,676, 4.5%).

Downers:

Largecap and midcap losers today include Oracle Financial Services Software Ltd. (8,757, -2.2%), PB Fintech Ltd. (1,674.10, -2.0%) and ICICI Prudential Life Insurance Company Ltd. (588, -1.7%).

Volume Shockers

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

Top high volume gainers on BSE included ICICI Lombard General Insurance Company Ltd. (2,020.30, 8.9%), Bank of Maharashtra (59.30, 7.6%) and Persistent Systems Ltd. (5,724.60, 7.2%).

Top high volume losers on BSE were Nuvoco Vistas Corporation Ltd. (404.70, -5.2%), Apar Industries Ltd. (8,355.50, -1.8%) and ICICI Prudential Life Insurance Company Ltd. (588, -1.7%).

Newgen Software Technologies Ltd. (887, 4.4%) was trading at 22.9 times of weekly average. Timken India Ltd. (2,929.30, 0.7%) and Sobha Ltd. (1,506.90, 4.7%) were trading with volumes 7.6 and 6.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

9 stocks took off, crossing 52 week highs, while 5 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Bajaj Finance Ltd. (1,059.90, 4%), Bank of Maharashtra (59.30, 7.6%) and Canara Bank (128.41, 2.6%).

Stocks making new 52 weeks lows included - SKF India Ltd. (2,266.10, -54.8%) and Godrej Agrovet Ltd. (652.95, -0.5%).

16 stocks climbed above their 200 day SMA including ICICI Lombard General Insurance Company Ltd. (2,020.30, 8.9%) and Persistent Systems Ltd. (5,724.60, 7.2%). 12 stocks slipped below their 200 SMA including SKF India Ltd. (2,266.10, -54.8%) and Oracle Financial Services Software Ltd. (8,757, -2.2%).

 
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