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Trendlyne Marketwatch
17 Oct 2025, 04:18PM
Market closes higher, RARE Enterprises buys 0.9% stake in Federal Bank in Q2
By Trendlyne Analysis

 

Nifty 50 closed at 25,709.85 (124.6, 0.5%) , BSE Sensex closed at 83,952.19 (484.5, 0.6%) while the broader Nifty 500 closed at 23,598.05 (34.3, 0.2%). Market breadth is in the red. Of the 2,571 stocks traded today, 886 were on the uptick, and 1,640 were down.

Indian indices closed higher after erasing losses in the morning session. The Indian volatility index, Nifty VIX, rose 6.9% and closed at 11.6 points. Nikhil Gadkari’s Cian Agro fell 10% in the last two days. However, the stock is still up 1,389% over the past year.

Nifty Smallcap 100 closed flat, while Nifty Midcap 100 closed in the red. BSE Consumer Durables and Nifty FMCG closed higher. According to Trendlyne’s Sector dashboard, Telecom Services emerged as the best-performing sector of the day, with a rise of 1.7%.

European indices are trading in the red, except for Russia’s MOEX and RTSI. Major Asian indices closed mixed. US index futures are trading lower, indicating a cautious start to the session. Novo Nordisk and Eli Lilly fall in premarket trading after President Trump signals potential price cuts for popular weight loss medications. Meanwhile, American Express, Truist Financial, Regions Financial, and Fifth Third Bancorp are set to report their earnings today.

  • Relative strength index (RSI) indicates that stocks like RBL Bank, SRF, Tata Communications, and Kotak Mahindra Bank are in the overbought zone.

  • JSW Steel is falling as its Q2FY26 net profit misses Forecaster estimates by 6.3% despite surging 3.7x YoY to Rs 1,623 crore, helped by lower mining premium & royalties expenses and a low base in Q2FY25 due to a Rs 342 crore provision. Revenue grows 14.1% YoY to Rs 45,436 crore, helped by higher sales. The company's board approves the merger of its subsidiaries, Amba River Coke, Monnet Cement, and JSW Retail and Distribution, with itself.

  • Sterling & Wilson Renewable Energy is falling sharply as it posts a Q2FY26 net loss of Rs 473.2 crore compared to a net profit of Rs 7.1 crore in Q2FY25 due to higher raw materials, project, and finance costs and an exceptional loss of Rs 580.1 crore. However, revenue grows 74.7% YoY to Rs 1,859.7 crore, led by improvements in the engineering, procurement & construction (EPS) contracts and operations & maintenance (O&M) services segments. It shows up in a screener of stocks with medium to low Trendlyne momentum scores.

  • Rakesh Jhunjhunwala's RARE Enterprises buys a 0.9% stake in Federal Bank in Q2FY26. He now holds a 2.4% stake in the company.

  • JM Financial retains a 'Buy' rating on Zee Entertainment with a target price of Rs 170. The brokerage notes a 10.6% YoY decline in ad revenue due to weak FMCG spending, while subscription revenue grew 5.5% YoY, driven by growth in the digital segment. ZEE5 was a standout, with revenue up 32% YoY, supported by subscriber growth and cost cuts. Margins may improve as one-off marketing costs ease, but the brokerage finds the FY26 exit margin target of 18-20% ambitious.

  • Dalmia Bharat is rising as its Q2FY26 net profit surges 5.1x YoY to Rs 236 crore, helped by lower freight charges and depreciation & amortisation expenses. Revenue grows 10.2% YoY to Rs 3,483 crore during the quarter. It appears in a screener of stocks where FIIs are increasing their shareholdings.

  • Acutaas Chemicals surges to its all-time high of Rs 1,625 as its Q2FY26 net profit grows 93.5% YoY to Rs 72.2 crore, owing to lower raw materials expenses. Revenue grows 23.9% YoY to Rs 316 crore, driven by an improvement in the advanced intermediates segment. It features in a screener of stocks with high trailing twelve-month (TTM) EPS growth.

  • Rallis India's Q2FY26 net profit rises 4.1% YoY to Rs 102 crore, helped by lower inventory expenses. Revenue declines 7.1% YoY to Rs 871 crore during the quarter. It appears in a screener of stocks with prices below short, medium and long-term averages.

  • Global beverage giant Coca-Cola Co. reportedly considers taking its Indian bottling subsidiary, Hindustan Coca-Cola Beverages (HCCB), public. According to reports, the company has recently engaged with investment bankers to explore a potential $1 billion (approx. Rs 8,300 crore) IPO, which could value the unit at around $10 billion (approx. Rs 83,000 crore). The listing could take place as early as next year, although details such as structure and offer size are still under discussion.

  • CIE Automotive India is rising as its Q2FY26 net profit grows 9.6% YoY to Rs 213.9 crore, led by lower finance costs. Revenue jumps 10.8% YoY to Rs 2,391 crore, driven by improvements in the Indian and European markets. It features in a screener of stocks outperforming their industries over the past month.

  • Metro Brands is falling as its Q2FY26 net profit declines 3.9% YoY to Rs 69 crore, weighed down by higher lease costs from new store openings. However, revenue rises 11.2% YoY to Rs 651 crore, supported by early festive demand and 39% growth in the e-commerce segment. It appears in a screener of stocks with a PE higher than the industry PE.

  • JSW Infrastructure falls sharply as its Q2FY26 net profit declines 2.8% YoY to Rs 361.2 crore due to higher raw materials, inventory, and finance costs. However, revenue grows 26.1% YoY to Rs 1372.3 crore, driven by improvements in the port operations and logistics segments. It shows up in a screener of stocks with growing costs YoY for long-term projects.

  • Ambarish Kenghe, Group CEO of Angel One, highlights market share gains across all verticals in Q2. Its commodities segment rises to 65% and the average client funding book increases by 26.1% QoQ. He expects recent pricing changes to boost PBT by Rs 50–60 crore and remains confident in achieving the FY26 operating margin guidance of 40–45%.

  • Jio Financial Services' net profit grows by 0.9% YoY to Rs 695 crore in Q2FY26. Revenue increases 41.5% YoY to Rs 981.4 crore during the quarter, helped by higher interest and fee, commission & other services income. It shows up in a screener of stocks where FIIs and institutions are increasing their shareholding.

  • Adani Power rises sharply as the Centre reportedly approves an overhead transmission line linking its Godda thermal power plant, currently supplying power to Bangladesh, to the Indian grid. The 400 kV line will pass through 56 villages in Jharkhand’s Godda district.

  • Punjab & Sind Bank's Q2FY26 net profit grows 22.9% YoY to Rs 294.5 crore, helped by lower employee benefits and provisions expenses. Revenue rises 8.9% YoY to Rs 3,373.3 crore, driven by improvements in the corporate and retail banking segments. The bank's asset quality improves as its gross and net NPAs decline 129 bps and 63 bps YoY, respectively.

  • Nuvama maintains a 'Buy' rating on Eternal with a higher target price of Rs 400. The brokerage notes that Q2 was a healthy quarter, with revenue exceeding consensus estimates. However, EBITDA margin stood at 1.8%, falling short of the expected 2.7%. The brokerage attributes this to a slower-than-expected reduction in quick commerce losses, mainly due to higher marketing expenses. Despite this, management guides for 100% CAGR growth in Blinkit over the next two years.

  • Canara HSBC Life Insurance’s shares make a flat debut on the bourses at Rs 106. The Rs 2,517.5 crore IPO received bids for 2.3 times the total shares on offer.

  • Waaree Energies' Q2FY26 net profit misses Forecaster estimates by 3.5% despite rising 133% YoY to Rs 842.6 crore, led by inventory destocking worth Rs 407 crore. Revenue grows 69.7% YoY to Rs 6,065.6 crore, attributed to improvements in the solar photovoltaic modules and engineering, procurement & construction (EPC) contracts segments. It appears in a screener of stocks with rising net cash flow and cash from operating activities.

  • Godrej Industries increases its stake in subsidiary Godrej Capital from 90.9% to 91.1% through a rights issue worth Rs 409 crore. GCL is a core investment company holding stakes in Godrej Housing Finance and Godrej Finance.

  • Goldman Sachs maintains a 'Buy' rating on Kajaria Ceramics with a higher target price of Rs 1,170. The brokerage notes that Q2 marked the 15th consecutive quarter of muted topline growth. Margins remained strong, driven by effective cost management, while volumes declined 1% YoY. The brokerage anticipates a demand recovery, supported by a strong real estate cycle and a favourable base.

  • Cyient is falling as its Q2FY26 net profit declines 17.1% QoQ to Rs 127.5 crore due to higher employee benefits and raw materials expenses. However, revenue grows 2.8% QoQ to Rs 1,831 crore, driven by improvements in the design-led manufacturing (DLM) and semiconductor segments. It shows up in a screener of stocks near their 52-week lows.

  • LTIMindtree's Q2FY26 net profit jumps 11.7% QoQ to Rs 1,401.1 crore, helped by lower finance costs and a deferred tax return of Rs 17 crore. Revenue grows 4.5% QoQ to Rs 10,694.7 crore owing to improvements in the banking, financial services & insurance (BFSI), technology, media & communications, manufacturing & resources, consumer business, and healthcare, life sciences & public services segments. It appears in a screener of stocks with increasing revenue for the past four quarters.

  • Wipro is falling as its Q2FY26 net profit declines 2.5% QoQ to Rs 3,246.2 crore due to higher raw materials, employee benefits, sub-contracting & technical fees, communication, and legal & professional expenses. However, revenue grows 1.9% QoQ to Rs 23,645 crore, helped by improvements in the Americas, Europe, and Asia-Pacific, Middle East, & Africa (APMEA) markets. It shows up in a screener of stocks where promoters are decreasing their shareholding.

  • Infosys' Q2FY26 net profit grows 6.4% QoQ to Rs 7,364 crore, led by deferred tax returns of Rs 324 crore. Revenue jumps 5% QoQ to Rs 45,472 crore, driven by improvements in the financial services, manufacturing, energy, utilities, resources & services, communication, hi-tech, and life sciences segments. It features in a screener of stocks with rising cash flow and cash from operating activities.

  • Nifty 50 was trading at 25,556.75 (-28.6, -0.1%), BSE Sensex was trading at 83,357.76 (-109.9, -0.1%), while the broader Nifty 500 was trading at 23,536.55 (-27.3, -0.1%).

  • Market breadth is in the red. Of the 2,109 stocks traded today, 972 were on the uptick, and 1,072 were down.

Riding High:

Largecap and midcap gainers today include Adani Power Ltd. (165.98, 5.5%), Asian Paints Ltd. (2,507.80, 4.1%) and Bharti Hexacom Ltd. (1,816.20, 3.8%).

Downers:

Largecap and midcap losers today include Wipro Ltd. (240.90, -5.1%), JSW Infrastructure Ltd. (297.20, -3.8%) and YES Bank Ltd. (22.25, -3.8%).

Movers and Shakers

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

Top high volume gainers on BSE included Whirlpool of India Ltd. (1,384.40, 11.8%), Bombay Burmah Trading Corporation Ltd. (1,999.70, 5.9%) and Delhivery Ltd. (465.35, 4.2%).

Top high volume losers on BSE were Sterling and Wilson Renewable Energy Ltd. (226.47, -6.8%), Wipro Ltd. (240.90, -5.1%) and G R Infraprojects Ltd. (1,175, -4.8%).

CIE Automotive India Ltd. (431.90, 1.4%) was trading at 24.8 times of weekly average. Go Digit General Insurance Ltd. (350.05, -2.5%) and Atul Ltd. (5,952, 2.1%) were trading with volumes 12.4 and 9.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

11 stocks overperformed with 52 week highs, while 4 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Apollo Hospitals Enterprise Ltd. (7,901.50, 0.9%), Fortis Healthcare Ltd. (1,084.90, -0.9%) and Mahindra & Mahindra Financial Services Ltd. (300.10, 2.3%).

Stocks making new 52 weeks lows included - Finolex Cables Ltd. (782.90, -1.1%) and SKF India Ltd. (2,219, -0.3%).

23 stocks climbed above their 200 day SMA including Whirlpool of India Ltd. (1,384.40, 11.8%) and Bombay Burmah Trading Corporation Ltd. (1,999.70, 5.9%). 21 stocks slipped below their 200 SMA including G R Infraprojects Ltd. (1,175, -4.8%) and JSW Infrastructure Ltd. (297.20, -3.8%).

 
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