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Trendlyne Marketwatch
29 Oct 2025
Market closes higher, Adani Green Energy's Q2 net profit surges 111% YoY
By Trendlyne Analysis

 

Nifty 50 closed at 26,053.90 (117.7, 0.5%), BSE Sensex closed at 84,997.13 (369.0, 0.4%) while the broader Nifty 500 closed at 23,952.40 (139.9, 0.6%). Market breadth is in the green. Of the 2,578 stocks traded today, 1,544 were on the uptick, and 975 were down.

Indian indices closed higher after extending gains in the afternoon session. The Indian volatility index, Nifty VIX, rose 0.2% and closed at 12 points. Varun Beverages closed 9% in the green as its Q2FY26 net profit grew 17.6% YoY to Rs 741.2 crore, helped by lower inventory and finance costs.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, tracking the benchmark index. BSE Power and Nifty Oil & Gas were among the best-performing indices of the day. According to Trendlyne’s sector dashboard, Utilities emerged as the highest-performing sector of the day, with a rise of 2.3%.

European indices are trading higher, except France’s CAC 40 and Switzerland’s SMI indices, which are trading flat. Major Asian indices closed with varied trends. 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, Microsoft Corp, Alphabet and Meta Platforms are set to report their results later today.

  • Relative strength index (RSI) indicates that stocks like Federal Bank, Hindalco Industries, Indian Bank, and Samman Capital are in the overbought zone.

  • Swan Defence rises to its all-week high after it signs an agreement with Mazagon Dock Shipbuilders to jointly design and build landing platform docks (LPDs) for the Indian Navy. The companies will jointly bid for four LPD vessels valued at Rs 33,000 crore, which the Defence Ministry is set to tender soon.

  • Gujarat Pipavav Port rises sharply as it signs a memorandum of understanding (MoU) with the Gujarat Maritime Board to invest Rs 17,000 crore to upgrade infrastructure and expand capacity at Pipavav port.

  • Aegis Vopak Terminals expands its operations in Haldia, West Bengal, following the acquisition of a group company that manages liquefied petroleum gas storage. The company’s board approves the purchase of a 75% equity stake in Hindustan Aegis LPG from promoters Aegis Gas (LPG) and Vopak India BV for Rs 1,130 crore.

  • Oil India rises as it partners with BPCL and NRL to expand in refining and petrochemicals. The collaborations include a Rs 1 lakh crore greenfield refinery project and a Rs 3,500 crore pipeline deal.

  • Motilal Oswal Financial Services falls sharply after SEBI proposes to lower brokerage fee caps for mutual funds. The regulator suggests reducing cash market fees to 2 basis points from 12, and derivatives fees to 1 basis point from 5, impacting brokerage income expectations.

  • Solarworld Energy Solutions surges as it secures an order worth Rs 802.8 crore from a leading renewable energy company for the engineering, procurement and construction (EPC) of a 200 megawatt (MW) / 272 megawatt peak (MWp) ground-mounted solar power project.

  • JM Financial reiterates its 'Accumulate' rating on Tata Capital with a higher target price of Rs 370. The brokerage notes the company's target to deliver an AUM growth of 18–20% for FY26, with RoA of 2–2.1% and RoE of 13–14%. Over the longer term, management aims for a three-year AUM CAGR of around 23–25% and plans to raise RoE to 17–18%.

  • Varun Beverages rises sharply as its Q2FY26 net profit grows 17.6% YoY to Rs 741.2 crore, helped by lower inventory and finance costs. Revenue jumps 4.8% YoY to Rs 5,195.8 crore, driven by improvements in the carbonated soft drinks (CSD), non-carbonated beverages (NCB) and water segments. It features in a screener of stocks with rising net cash flow and cash from operating activities.

  • Vardhman Textiles surges as US President Donald Trump hints at an imminent trade deal with India. The remarks boost investor sentiment on hopes of lower tariffs on Indian exports to the US, benefiting export-oriented sectors and businesses.

  • CreditAccess Grameen plunges as its net profit declines 32.4% YoY to Rs 125.8 crore in Q2FY26 due to increased finance costs and employee benefit expenses. Revenue grows 3.8% to Rs 1,509 crore during the quarter. It appears in a screener of stocks with a PE higher than the industry PE.

  • Dr Reddy’s Laboratories files a petition with the Delhi High Court challenging FSSAI’s directive restricting the use of the “ORS” label for its Rebalanz VITORS brand. The company says the sudden regulatory action may lead to significant financial losses, as large quantities of the product have already been manufactured, distributed, or are in production.

  • Star Health and Allied Insurance falls as its Q2FY26 net profit falls 50.7% YoY to Rs 54.9 crore due to higher commission & brokerage and claims paid. Revenue grows 9% YoY to Rs 4,265.7 crore, helped by increased retail health premiums. The company appears in a screener of stocks with a PE higher than the industry PE.

  • Adani Green Energy rises sharply as its Q2FY26 net profit surges 111.2% YoY to Rs 583 crore owing to lower equipment costs. However, revenue declines 3.8% YoY to Rs 3,249 crore during the quarter. It features in a screener of growth stocks where promoters are increasing their shareholdings.

  • Premier Energies' Q2FY26 net profit surges 71.6% YoY to Rs 353.4 crore, driven by inventory destocking and lower contract execution expenses. Revenue increases 20.3% YoY to Rs 1,836.9 crore during the quarter. The company appears in a screener of stocks where mutual funds decreased their shareholding last quarter.

  • CLSA maintains a 'Hold' rating on CreditAccess Grameen with a higher target price of Rs 1,600. The brokerage notes that the company’s Q2 results beat expectations, though the near-term outlook remains mixed. Margins expanded 50 bps QoQ on higher lending yields and lower funding costs, with CLSA expecting further gains ahead. However, the company raised its credit cost guidance for this year and the next, citing higher overdue accounts due to heavy rainfall in certain regions.

  • Cohance Lifesciences plunges to its 52-week low of Rs 766.8 per share as its Managing Director, V Prasada Raju, tenders his resignation, effective October 28.

  • Happiest Minds Technologies falls as its Q2FY26 net profit declines 5.4% QoQ to Rs 54 crore due to higher employee benefits and finance costs. However, revenue grows 2.6% QoQ to Rs 595.2 crore, helped by improvements in the product & digital engineering services (PDES) and generative AI business services (GBS) segments. It shows up in a screener of stocks with low DVM scores.

  • DCM Shriram surges as its net profit soars 153% YoY to Rs 159 crore in Q2FY26, driven by strong gains in the chemicals & vinyl segment. Revenue increases 10% YoY to Rs 3,432 crore during the quarter. It appears in a screener of stocks with rising net cash flow and cash from operating activities.

  • Nuvama maintains a 'Buy' rating on TVS Motor Co with a target price of Rs 4,100. The brokerage notes that the company delivered a strong Q2 performance, with revenue up 29% YoY and EBITDA up 40% YoY, both in line with expectations. It anticipates double-digit growth across domestic and export markets, with market share increasing to 19% by FY28. Nuvama also expects margin expansion, driven by an improved product mix, PLI benefits, and cost efficiencies.

  • Computer Age Management Services is falling as its net profit declines 6.1% YoY to Rs 114.9 crore in Q2FY26 due to higher employee benefit expenses. However, revenue increases 3.2% YoY to Rs 376.7 crore, driven by improvements in the mutual funds and non-mutual funds segments during the quarter. The company appears in a screener of stocks with improving ROE over the past two years.

  • Mahindra & Mahindra Financial Services surges to its 52-week high of Rs 324.2 as its Q2FY26 net profit jumps 45% YoY to Rs 564.5 crore. Revenue grows 12.7% YoY to Rs 5,049.5 crore, driven by improvements in disbursements and assets under management. It appears in a screener of stocks with increasing revenue for the past eight quarters.

  • Jindal Steel rises as its Q2FY26 net profit beats Forecaster estimates by 10.3% despite falling 25.9% YoY to Rs 638.2 crore due to higher raw materials, inventory, employee benefits, and finance costs. However, revenue grows 4.1% YoY to Rs 11,707.8 crore during the quarter. It features in a screener of stocks with high momentum scores.

  • Blue Dart Express surges as its net profit jumps 29.5% YoY to Rs 81.4 crore in Q2FY26. Revenue increases 7% YoY to Rs 1,549.3 crore, driven by higher shipment volumes across its core B2B/B2C express during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past two months.

  • Shree Cements' Q2FY26 net profit surges 3x YoY to Rs 308.5 crore, helped by lower depreciation and amortisation expenses. Revenue increases 17.4% YoY to Rs 4,761.1 crore, driven by higher volumes, a premiumisation push, and a value-over-volume strategy during the quarter. The company appears in a screener of stocks with improving book value per share over the past two years.

  • Nifty 50 was trading at 25,977.60 (41.4, 0.2%), BSE Sensex was trading at 84,728.94 (100.8, 0.1%), while the broader Nifty 500 was trading at 23,832.80 (20.3, 0.1%).

  • Market breadth is in the green. Of the 2,125 stocks traded today, 1,284 were in the positive territory and 780 were negative.

Riding High:

Largecap and midcap gainers today include Adani Green Energy Ltd. (1,112.60, 10.8%), Varun Beverages Ltd. (495.45, 9.1%) and Steel Authority of India (SAIL) Ltd. (140.55, 6.4%).

Downers:

Largecap and midcap losers today include HDFC Asset Management Company Ltd. (5,398, -4.4%), Bosch Ltd. (37,380, -3.0%) and Dr. Reddy's Laboratories Ltd. (1,250.90, -3.0%).

Crowd Puller Stocks

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

Top high volume gainers on BSE included Blue Dart Express Ltd. (6,572, 18.7%), Five-Star Business Finance Ltd. (605.05, 12.7%) and Adani Green Energy Ltd. (1,112.60, 10.8%).

Top high volume losers on BSE were Cohance Lifesciences Ltd. (786.45, -8.5%), Motilal Oswal Financial Services Ltd. (1,007.80, -7.7%) and NMDC Steel Ltd. (45.07, -5.5%).

DCM Shriram Ltd. (1,330.20, 2.1%) was trading at 33.2 times of weekly average. Mahindra & Mahindra Financial Services Ltd. (317.45, 5.9%) and Adani Total Gas Ltd. (634.25, 2.1%) were trading with volumes 18.7 and 17.7 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

24 stocks overperformed with 52 week highs, while 2 stocks hit their 52 week lows.

Stocks touching their year highs included - Bank of India (140.77, -0.2%), Bharti Airtel Ltd. (2,100.60, 0.5%) and City Union Bank Ltd. (236.12, -1.3%).

Stocks making new 52 weeks lows included - Westlife Foodworld Ltd. (587.35, 0.0%) and Cohance Lifesciences Ltd. (786.45, -8.5%).

27 stocks climbed above their 200 day SMA including Blue Dart Express Ltd. (6,572, 18.7%) and Welspun Living Ltd. (132.98, 3.6%). 9 stocks slipped below their 200 SMA including Computer Age Management Services Ltd. (3,855.50, -3.3%) and PB Fintech Ltd. (1,723.40, -2.9%).

 
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