Market closes higher, Hatsun Agro's Q2 net profit rises 70% YoY
By Trendlyne Analysis

 

 

Nifty 50 closed at 25,966.05 (170.9, 0.7%), BSE Sensex closed at 84,778.84 (567.0, 0.7%) while the broader Nifty 500 closed at 23,840.90 (154.3, 0.7%). Market breadth is horizontal. Of the 2,617 stocks traded today, 1,248 were gainers and 1,321 were losers.

Indian indices closed in the green amid easing US-China trade tensions and the US Fed rate cut hopes. The Indian volatility index, Nifty VIX, rose 2.3% and closed at 11.9 points. NCC closed 1.9% higher after receiving a Rs 6,828.9 crore letter of award (LoA) from Central Coalfields for coal extraction and transportation in Jharkhand.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the green, following the benchmark index. S&P BSE Telecom and Nifty PSU Bank were among the top index gainers today. According to Trendlyne’s Sector dashboard, Telecom Services emerged as the best-performing sector of the day, with a rise of 2.8%.

Asian indices closed higher, while European indices are trading mixed. US index futures traded higher, indicating a positive start to the trading session. The US finalized trade deals with Cambodia and Malaysia on Sunday, along with two framework agreements covering about 68% of its $475 billion trade with the Association of Southeast Asian Nations (ASEAN) members. Both countries will grant preferential market access to US exports, while the US will maintain a 19% reciprocal tariff on Malaysian and Cambodian imports, excluding certain products.

  • Relative strength index (RSI) indicates that stocks like Sammaan Capital, Shipping Corp of India, Federal Bank, and Shriram Finance are in the overbought zone.

  • Supreme Industries is falling as its net profit declines 20.3% YoY to Rs 164.7 crore in Q2FY26 due to higher material costs. However, revenue increases 5.3% YoY to Rs 2,393.9 crore, driven by higher sales in the plastic piping products segment during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past two months.

  • Hatsun Agro Products surges to its 20% upper circuit as its Q2FY26 net profit jumps 70.3% YoY to Rs 109.5 crore owing to lower finance costs. Revenue grows 17% YoY to Rs 2,431.9 crore during the quarter. It appears in a screener of stocks with improving RoCE over the past two years.

  • Chennai Petroleum Corp is rising sharply as it posts a net profit of Rs 719.2 crore in Q2FY26 compared to a net loss of Rs 633.7 crore, helped by lower inventory and finance costs. Revenue jumps 38.9% YoY to Rs 20,039.9 crore during the quarter. It features in a screener of stocks near their 52-week highs with significant volumes.

  • Japan’s AICA Kogyo reportedly plans to acquire a 40% stake in Stylam Industries through a mix of a 14% promoter stake purchase and an open offer for an additional 26%.

  • PTC Industries is rising sharply as it bags an order from the Defence Research and Development Organisation (DRDO) to supply turbine blades.

  • Vodafone Idea surges to its 52-week high of Rs 10.6 per share as the Supreme Court reportedly allows the government to reconsider the adjusted gross revenue (AGR) dues.

  • Vikran Engineering surges as it secures an order worth Rs 354.2 crore from Ellume Energy MH SolarOne to develop a 100 MW solar PV power project in Maharashtra.

  • Axis Direct initiates coverage on Krishna Institute of Medical Sciences (KIMS) with a ‘Buy’ rating and a target price of Rs 792. The brokerage highlights that KIMS is close to completing a structured expansion phase that has been underway in the past 2-3 years. The company plans to add about 1,800 beds over the next 12 months through brownfield projects in Telangana and Andhra Pradesh, and new hospitals in Karnataka, Maharashtra, and Odisha.

  • SBI Cards and Payment Services is falling as its Q2FY26 net profit misses Forecaster estimates by 22.8% despite growing 10% YoY to Rs 444.8 crore. Revenue increases 12.2% to Rs 4,961 crore. It appears in a screener of stocks with PE higher than the industry PE.

  • Waaree Energies is rising as it bags multiple international and domestic orders to supply 220 MW, 210 MW, 140 MW and 122 MW solar modules.

  • Knowledge Marine & Engineering Works surges as it receives an order worth Rs 385.8 crore from V O Chidambaranar Port Authority (VOCPA) to supply and manage a 60-ton electric tug under the Green Tug Transition Program. The contract includes crew, operations, and maintenance services.

  • Reliance Industries' arm, Reliance Intelligence, forms a JV with Facebook Overseas. The JV, Reliance Enterprise Intelligence (REIL), will focus on developing, marketing, and distributing enterprise AI services, with Reliance Intelligence holding 70% and Facebook Overseas 30%. Both partners commit an initial investment of about Rs 855 crore.

  • SBI Life Insurance rises to its 52-week high of Rs 1,923.9 as its Q2FY26 net premium income grows 22.6% YoY to Rs 24,848 crore. However, net profit declines 6.6% to Rs 494.6 crore during the quarter. It appears in a screener of stocks with high momentum scores.

  • Dr Reddy's Laboratories' Q2FY26 net profit rises 7.3% YoY to Rs 1,347.1 crore. Revenue grows 9.7% YoY to Rs 9,152.2 crore, led by improvements in the global generics and pharmaceutical services & active ingredients segments. It features in a screener of affordable stocks with high RoE and momentum.

  • Zen Technologies is falling as its net profit declines 5.2% YoY to Rs 59.4 crore in Q2FY26. Revenue decreases 28.2% YoY to Rs 173.6 crore due to delays in order finalisation and project deliveries during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Elara maintains a 'Buy' rating on ITC Hotels with a higher target price of Rs 266. The brokerage notes that the company’s Q2 results were in line with its expectations. The average room rate (ARR) increased 6.4% YoY to Rs 11,250, supported by the ramp-up of newly launched hotels. During Q2, the company signed management contracts for seven new hotels (~780 keys). It aims to expand its pipeline to 59 managed hotels, adding one new hotel each month over the next two years.

  • NCC is rising as it bags a letter of award (LoA) worth Rs 6,828.9 crore from Central Coalfields for the extraction and transportation of overburden (OB) and coal from the Amrapali Opencast project (OCP) in Jharkhand.

  • eClerx Services rises to its all-time high of Rs 4,745 as its Q2FY26 net profit grows 30.6% YoY to Rs 183.2 crore. Revenue jumps 22.1% YoY to Rs 1,032.1 crore during the quarter. It appears in a screener of stocks with high trailing twelve-month (TTM) EPS growth.

  • Puravankara's wholly-owned subsidiary receives an order worth Rs 211.5 crore from SBR Builders for the construction of core and shell with finishing works for a residential project.

  • Reports suggest that 53.3 lakh shares (1.3% stake) of 360 One Wam, worth Rs 629 crore, have changed hands in a block deal at an average price of Rs 1,180 per share.

  • Housing and Urban Development Corp rises as it signs a Rs 5,000 crore memorandum of understanding (MoU) with Jawaharlal Nehru Port Authority (JNPA) for infrastructure development at Jawaharlal Nehru port.

  • Ola Electric Mobility's board of directors approves raising Rs 1,500 crore by issuing securities through a follow-on public offer (FPO), rights issue, qualified institutional placement (QIP) or other modes.

  • Kotak Mahindra Bank is falling as its net profit declines 2.7% YoY to Rs 3,253.3 crore in Q2FY26 due to rise in provisions and contingencies. However, revenue increases 3.3% YoY to Rs 13,649.4 crore, driven by improvements in the retail and wholesale banking segments during the quarter. The bank's asset quality improves as its gross and net NPAs decline by 10 bps and 11 bps YoY, respectively.

  • Coforge is rising sharply as its Q2FY26 net profit jumps 18.4% QoQ to Rs 375.8 crore, helped by lower finance costs. Revenue grows 8.6% QoQ to Rs 4,024.20 crore, driven by improvements in the Americas, Europe, Middle East, & Africa (EMEA), Asia Pacific and Indian markets. It features in a screener of stocks with rising net cash flow and cash from operating activities.

  • Nifty 50 was trading at 25,855 (59.9, 0.2%), BSE Sensex was trading at 84,443.36 (231.5, 0.3%), while the broader Nifty 500 was trading at 23,754.40 (67.8, 0.3%).

  • Market breadth is in the green. Of the 2,179 stocks traded today, 1,320 were gainers and 780 were losers.

Riding High:

Largecap and midcap gainers today include Bharti Hexacom Ltd. (1,870.10, 4.6%), Bank of India (139.71, 4.3%) and Coforge Ltd. (1,830.60, 4.0%).

Downers:

Largecap and midcap losers today include SBI Cards and Payment Services Ltd. (900.80, -3.0%), Adani Power Ltd. (162.96, -2.8%) and Gujarat Fluorochemicals Ltd. (3,608.90, -2.6%).

Volume Shockers

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

Top high volume gainers on BSE included Hatsun Agro Products Ltd. (1,079.90, 19.5%), Firstsource Solutions Ltd. (352.65, 8.1%) and eClerx Services Ltd. (4,787.30, 7.7%).

Top high volume losers on BSE were Zen Technologies Ltd. (1,339.80, -4.1%), Galaxy Surfactants Ltd. (2,192.30, -3.8%) and Britannia Industries Ltd. (5,912, -2.3%).

R R Kabel Ltd. (1,327.40, 6.6%) was trading at 68.7 times of weekly average. Ratnamani Metals & Tubes Ltd. (2,567.90, 5.1%) and Supreme Petrochem Ltd. (800, -1%) were trading with volumes 22.9 and 12.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

25 stocks overperformed with 52 week highs, while 4 stocks hit their 52 week lows.

Stocks touching their year highs included - Bank of Baroda (273.65, 2.8%), Bank of India (139.71, 4.3%) and Bharti Airtel Ltd. (2080.10, 2.5%).

Stocks making new 52 weeks lows included - SKF India Ltd. (2,187, -0.6%) and Westlife Foodworld Ltd. (587.45, 0.0%).

23 stocks climbed above their 200 day SMA including Hatsun Agro Products Ltd. (1,079.90, 19.5%) and Firstsource Solutions Ltd. (352.65, 8.1%). 5 stocks slipped below their 200 SMA including Gujarat Fluorochemicals Ltd. (3,608.90, -2.6%) and Exide Industries Ltd. (379.95, -2.3%).

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