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Trendlyne Marketwatch
28 Oct 2025, 04:05PM
Market closes lower, Jomei Investments to sell 2% stake in Aditya Birla Capital for Rs 1,624 cr
By Trendlyne Analysis

 

Nifty 50 closed at 25,936.20 (-29.9, -0.1%) , BSE Sensex closed at 84,628.16 (-150.7, -0.2%) while the broader Nifty 500 closed at 23,812.55 (-28.4, -0.1%). Market breadth is in the red. Of the 2,591 stocks traded today, 1,074 were on the uptick, and 1,468 were down.

Indian indices closed lower after falling throughout the day. The Indian volatility index, Nifty VIX, rose 0.8% and closed at 12 points. Newgen Software closed 12% higher as its Q2FY26 net profit jumped 64.4% QoQ to Rs 81.7 crore owing to lower finance costs.

Nifty Smallcap 100 and Nifty Midcap 100 closed flat. Nifty PSU Bank and BSE Metal were among the best-performing indices of the day. According to Trendlyne’s sector dashboard, Fertilizers emerged as the highest-performing sector of the day, with a rise of 0.7%.

European indices are trading lower, except Russia’s RTSI and MOEX indices, which are trading 0.8% lower, each. Major Asian indices closed in the red. US index futures are trading mixed, indicating a cautious start to the session as investors await the Fed rate decision later in the week. Meanwhile, Visa, United Health Corp and Novartis AG are set to report their results later today.

  • Money flow index (MFI) indicates that stocks like Shipping Corp of India, eClerx Services, Federal Bank, and Angel One are in the overbought zone.

  • Newgen Software is surging as its Q2FY26 net profit jumps 64.4% QoQ to Rs 81.7 crore owing to lower finance costs. Revenue grows 18.3% QoQ to Rs 414 crore, driven by improvements in the Indian, Europe, Middle East, & Africa (EMEA), Asia Pacific, and USA markets. It appears in a screener of stocks with improving RoE over the past two years.

  • Aditya Birla Real Estate is falling sharply as it posts a net loss of Rs 15.7 crore in Q2FY26 compared to a net profit of Rs 2.6 crore due to higher employee benefits and finance costs. Revenue declines 58.9% YoY to Rs 113.2 crore, caused by a reduction in the real estate business. It shows up in a screener of stocks with high interest payments compared to earnings.

  • Citi Research believes the Supreme Court’s decision permitting the government to reassess Vodafone Idea’s adjusted gross revenue (AGR) dues without judicial intervention could pave the way for timely relief. Such relief may enable a fresh equity raise, reduce the government’s 49% stake, and allow additional debt-to-equity conversions, potentially triggering a series of positive developments for the telecom operator. Citi expects this relief to materialize well before the deadline, likely within the next few weeks or months.

  • Dilip Buildcon is rising as it secures an order worth Rs 879.3 crore from the National Highways Authority of India (NHAI) for four-laning the Paramakudi–Ramanathapuram section of NH-49 (New NH-87) in Tamil Nadu.

  • Kaynes Technology is rising after receiving government approval for four projects worth Rs 3,280 crore under the Electronics Component Manufacturing Scheme (ECMS). Its subsidiary, Kaynes Circuits, will lead the initiatives spanning PCBs, HDI boards, camera modules, and laminates.

  • TTK Prestige is surging as its Q2FY26 net profit grows 21.5% YoY to Rs 93.3 crore, helped by inventory destocking. Revenue jumps 10.2% YoY to Rs 849 crore during the quarter. It features in a screener of stocks with a PEG lower than the industry PEG.

  • Choice Institutional Equities reiterates its 'Buy' rating on Zen Technologies with a target price of Rs 2,150. The brokerage highlights the company’s strong fundamentals and robust order pipeline. Management remains confident that delayed simulator and anti-drone orders worth about Rs 650 crore will materialize in H2FY26. Choice expects a sharp rebound in order inflows in the second half of the year, supported by growing domestic and global demand for the company’s systems.

  • KFIN Technologies' Q2FY26 net profit grows 4.5% YoY to Rs 93.3 crore. Revenue jumps 10% YoY to Rs 320 crore owing to improvements in the domestic mutual fund investor solutions, issuer solutions, and international & other investor solutions segments. It appears in a screener of stocks with improving cash flow from operations over the last two years.

  • Indian Oil Corporation hits a new 52-week high of Rs 157.5 as it reports a net profit of Rs 7,817.6 crore in Q2FY26 compared to a net loss of Rs 169.6 crore in Q2FY25, aided by better refinery margins, inventory gains and cost optimisation. Revenue increases 2.1% YoY to Rs 1.8 lakh crore, driven by higher sales in the petroleum products and gas segments during the quarter. The company appears in a screener of stocks with zero promoter pledges.

  • CarTrade Tech surges to its all-time high of Rs 3,009.9 as its Q2FY26 net profit jumps 114% YoY to Rs 59.7 crore, helped by lower depreciation & amortisation expenses. Revenue grows 29% YoY to Rs 222.1 crore, driven by improvements in the consumer, remarketing, and classifieds segments. It features in a screener of stocks with the highest FII holdings.

  • Salee Sukumaran Nair, MD & CEO of Tamilnad Mercantile Bank, projects the bank's loan growth will reach about 14% this year, with a potential upside to nearly 15% by the end of FY26. For FY27, he anticipates growth will be 100–200 basis points (bps) higher than FY26, noting that TMB's expansion will remain independent of overall industry trends. Nair projects deposit growth for FY26 at approximately 12%.

  • Jubilant Ingrevia is rising as its net profit grows 17.8% YoY to Rs 69.5 crore in Q2FY26, helped by lower employee benefits, power and fuel expenses. Revenue increases 7.2% YoY to Rs 1,120.7 crore, driven by higher sales in the speciality chemicals and chemical intermediates segments during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past two months.

  • Sona BLW Precision Forgings' Q2FY26 net profit grows 20% YoY to Rs 172.8 crore, helped by lower finance costs and inventory destocking. Revenue jumps 22.7% YoY to Rs 1,160.5 crore during the quarter. It features in a screener of stocks with improving net cash flow over the past two years.

  • Raymond is falling as its net profit declines 81% YoY to Rs 11.4 crore in Q2FY26 due to higher finance costs and employee benefit expenses. Revenue rises 11.4% YoY to Rs 527.7 crore, led by strong growth in the aerospace & defence and precision technology & auto components segments. It appears in a screener of stocks with declining net cash flow.

  • Anand Rathi initiates coverage on InterGlobe Aviation (IndiGo) with a 'Buy' rating and a target price of Rs 7,000. The brokerage believes IndiGo’s disciplined low-cost model, strong market share, and global expansion position it as a long-term compounding story in Indian aviation. Despite a weak first half of FY26, Anand Rathi expects a strong rebound in the second half, driven by festive travel, higher discretionary spending after GST cuts, and resilient air travel demand.

  • Multi Commodity Exchange of India is falling as the exchange delays the commencement of trading due to a technical issue.

  • Tamilnad Mercantile Bank is rising as its net profit grows 4.7% YoY to Rs 317.5 crore in Q2FY26 due to lower provisions and contingencies. Revenue increases 5.7% YoY to Rs 1,413.4 crore, driven by improvements in the treasury and retail banking segments during the quarter. The bank's asset quality improves as its gross and net NPAs decline by 36 bps and 20 bps YoY, respectively.

  • Bata India is falling sharply as its Q2FY26 net profit plunges 73.3% YoY to Rs 13.9 crore, caused by higher inventory, finance and depreciation & amortisation expenses. Revenue declines 3.7% YoY to Rs 822.8 crore amid the deferment of purchases following GST rate rationalisation and disrupted operations at its warehouses in July. It appears in a screener of stocks with prices below short, medium and long-term averages.

  • CLSA initiates coverage on Indus Towers with an 'Outperform' rating and a target price of Rs 520. The brokerage notes that core revenue for Q2 rose 11% YoY, exceeding estimates. Tenancy additions for the quarter came in at 4,505, slightly below expectations, though the overall base grew 10% YoY. CLSA reiterates its positive outlook on the telecom tower operator’s long-term prospects, citing its strong balance sheet with net cash of Rs 2,960 crore.

  • Adani Energy Solutions is falling as its Q2FY26 net profit declines 20.9% YoY to Rs 534 crore due to higher power, construction, and finance costs. However, revenue grows 6.4% YoY to Rs 6,767.2 crore, helped by improvements in the transmission, distribution and smart meter segments. It shows up in a screener of stocks with high promoter pledges.

  • Mazagon Dock Shipbuilders is rising as its Q2FY26 net profit grows 28.1% YoY to Rs 749.5 crore owing to lower raw materials & employee benefits expenses, and a return from provisions. Revenue jumps 6.1% YoY to Rs 3,199.9 crore during the quarter. It appears in a screener of stocks with a dividend yield greater than the sector dividend yield.

  • JK Tyre & Industries rises as its net profit surges 64% YoY to Rs 221.4 crore in Q2FY26, helped by lower finance costs. Revenue increases 10.8% YoY to Rs 4,011.3 crore, driven by higher sales from the India and Mexico regions during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Indus Towers rises as its Q2FY26 net profit beats Forecaster estimates by 5.6% despite declining 17.3% YoY to Rs 1,839.3 crore due to higher power & fuel and finance costs. However, revenue grows 10.3% YoY to Rs 8,357.7 crore, led by improvements in towers and co-locations. It features in a screener of stocks with increasing revenue over the past four quarters.

  • Nifty 50 was trading at 25,968.10 (2.1, 0.0%), BSE Sensex was trading at 84,849.72 (70.9, 0.1%), while the broader Nifty 500 was trading at 23,855.05 (14.2, 0.1%).

  • Market breadth is in the green. Of the 2,092 stocks traded today, 1,297 were on the uptick, and 718 were down.

Riding High:

Largecap and midcap gainers today include IDBI Bank Ltd. (102.18, 6.7%), Suzlon Energy Ltd. (56.22, 4.7%) and Indus Towers Ltd. (385.90, 3.9%).

Downers:

Largecap and midcap losers today include Supreme Industries Ltd. (3,814.20, -4.7%), Torrent Power Ltd. (1,277.20, -3.4%) and Waaree Energies Ltd. (3,486.40, -2.8%).

Volume Rockets

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

Top high volume gainers on BSE included Newgen Software Technologies Ltd. (996.55, 11.2%), TTK Prestige Ltd. (716.15, 10.7%) and Chennai Petroleum Corporation Ltd. (843.20, 9.5%).

Top high volume losers on BSE were Bata India Ltd. (1,101, -5.6%), Supreme Industries Ltd. (3,814.20, -4.7%) and Grindwell Norton Ltd. (1,549.80, -2.2%).

Kirloskar Oil Engines Ltd. (1,005.70, 6.8%) was trading at 23.4 times of weekly average. IDBI Bank Ltd. (102.18, 6.7%) and Deepak Fertilisers & Petrochemicals Corporation Ltd. (1,519.40, 4.1%) were trading with volumes 10.2 and 9.8 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

24 stocks made 52 week highs, while 1 stock tanked below their 52 week lows.

Stocks touching their year highs included - Bank of India (141.09, 1.0%), Bharti Airtel Ltd. (2,090.20, 0.5%) and Canara Bank (129.98, 0.7%).

Stock making new 52 weeks lows included - Westlife Foodworld Ltd. (587.15, -0.1%).

17 stocks climbed above their 200 day SMA including TTK Prestige Ltd. (716.15, 10.7%) and Swan Corp Ltd. (472.35, 5.0%). 14 stocks slipped below their 200 SMA including Metro Brands Ltd. (1,145.60, -2.7%) and Brigade Enterprises Ltd. (1,011.05, -2.4%).

 
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