T
Trendlyne Marketwatch
30 Oct 2025
Market closes lower, Cipla's Q2 revenue beats Forecaster estimates by 6%
By Trendlyne Analysis

 

Nifty 50 closed at 25,877.85 (-176.1, -0.7%), BSE Sensex closed at 84,404.46 (-592.7, -0.7%) while the broader Nifty 500 closed at 23,841.30 (-111.1, -0.5%). Market breadth is in the red. Of the 2,575 stocks traded today, 1,112 were gainers and 1,409 were losers.

Indian indices closed lower after extending losses throughout the day. The Indian volatility index, Nifty VIX, rose 0.8% and closed at 12.1 points. Bharat Heavy Electricals closed 6.5% higher after its Q2FY26 net profit surged 3.5 times YoY to Rs 374.9 crore, driven by inventory destocking and lower finance costs.

Nifty Smallcap 100 and Nifty Midcap 100 closed flat. S&P BSE Telecom and BSE Tech were among the top index losers today. According to Trendlyne’s sector dashboard, Telecom Services emerged as the worst-performing sector of the day, with a fall of 1.9%.

Asian indices closed mixed. European indices are trading mixed. US index futures are trading lower after Federal Reserve Chair Jerome Powell signalled that the central bank may not cut interest rates in December. Meanwhile, President Trump said the US will reduce tariffs on Chinese goods to 47% from 57% following his summit with Chinese President Xi Jinping in South Korea.

  • Money flow index (MFI) indicates that stocks like Blue Dart Express, Newgen Software, Godawari Power, and Kisloskar Oil Engines are in the overbought zone.

  • Coromandel International falls sharply as its Q2FY26 EBITDA margin contracts 94 bps YoY despite net profit growing 21.3% YoY to Rs 805.3 crore. Revenue jumps 30.3% YoY to Rs 9,770.6 crore, helped by improvements in the nutrient & other allied business and crop protection segments. It shows up in a screener of stocks with declining net cash flow.

  • Adani Power's Q2FY26 net profit falls 11.4% YoY to Rs 2,952.8 crore due to higher fuel and depreciation & amortisation costs. However, revenue increases 1.7% YoY to Rs 14,307.8 crore during the quarter. It shows up in a screener of stocks with high promoter pledges.

  • Union Bank of India is falling as its net profit declines 10% YoY to Rs 4,249.1 crore in Q2FY26. Revenue decreases marginally by 0.2% YoY to Rs 26,650.2 crore due to lower contribution from the treasury and wholesale segments during the quarter. The bank's asset quality improves as its gross and net NPAs decline by 107 bps YoY and 43 bps YoY, respectively.

  • Indian Energy Exchange declines over 3% after the Electricity Appellate Tribunal (APTEL) postpones the hearing of the company’s petition challenging the Central Electricity Regulatory Commission’s (CERC) July order mandating market coupling among major power exchanges.

  • Cipla's Q2FY26 net profit grows 3.7% YoY to Rs 1,351.2 crore, driven by lower finance costs. Revenue jumps 8.5% YoY to Rs 7,858.4 crore, led by improvements in the pharmaceuticals and new ventures segments. The company's board appoints Achin Gupta as its Managing Director (MD) and Chief Executive Officer (CEO), succeeding Umang Vohra, effective April 1, 2026.

  • Canara Bank surges to its all-time high of Rs 132.9 as its Q2FY26 net profit grows 18.9% YoY to Rs 4,774 crore, led by lower provisions. Revenue jumps 11.2% YoY to Rs 38,597.7 crore, helped by improvements in the treasury operations, retail and wholesale banking segments. The bank's asset quality improves as its gross and net NPAs decline 138 bps and 45 bps YoY, respectively.

  • Kalyani Investment Corp plunges to its 5% lower circuit as its Chief Executive Officer (CEO), Shekhar D Bhivpathaki, tenders his resignation, effective November 7.

  • Nomura maintains a 'Neutral' rating on Premier Energies with a target price of Rs 1,100. The brokerage notes that the company delivered strong Q2 results, though the profit beat was largely driven by higher-than-expected other income. Order inflows surged 227% YoY, but operational performance fell short of estimates, leaving limited upside for the stock. The brokerage has trimmed its FY26 EBITDA forecast by 2% to reflect a slower-than-anticipated ramp-up in H1FY26.

  • Fino Payments Bank is falling as its Q2FY26 profit drops 27.4% YoY to Rs 15.4 crore, as higher operating expenses and employee costs weigh on margins. However, net interest income surges 43.1% YoY to Rs 32.5 crore, driven by strong growth in the investment book and higher yields on balances with the RBI and interbank funds. It appears in a screener of stocks with expensive valuations.

  • NTPC Green Energy's Q2FY26 net profit grows 138.7% YoY to Rs 87.6 crore, helped by a higher share of profits from joint venture companies. Revenue jumps 21.5% YoY to Rs 612.3 crore during the quarter. It features in a screener of stocks with YoY growth in quarterly net profit and profit margin.

  • LE Travenues Technology (Ixigo) plunges as it posts a Rs 3.5 crore net loss in Q2FY26 versus a Rs 13 crore net profit in Q2FY25, hit by a one-off Rs 26.9 crore ESOP expense. However, revenue rises 36.9% YoY to Rs 282.7 crore, driven by strong growth in the bus and flight segments amid robust festive and leisure travel demand. It appears in a screener of stocks with a PE higher than the industry PE.

  • ICICI Securities highlights that India’s domestic demand remains strong, supported by GST reforms and continued infrastructure spending. While global trade challenges persist, a potential trade deal with the US could boost export prospects. Industrial activity, especially in manufacturing and consumer durables, continues to expand, with the IIP rising 4% YoY in September, matching August’s growth rate.

  • Hindustan Petroleum rises to its all-time high of Rs 478.8 as its Q2FY26 net profit surges 27.1x YoY to Rs 3,859.3 crore, helped by lower raw materials, inventory, and finance costs. Revenue grows 0.9% YoY to Rs 1 lakh crore, driven by an improvement in the downstream petroleum segment. It appears in a screener of stocks with rising RoE, momentum and earnings yield.

  • VST Industries is rising sharply as its Q2FY26 net profit jumps 24.5% YoY to Rs 59.2 crore, helped by lower raw materials, inventory, and employee benefits expenses. However, revenue declines 5.4% YoY to Rs 348.1 crore due to a reduction in sales. It shows up in a screener of stocks with trailing twelve-month (TTM) PE lower than its 3-year, 5-year, and 10-year PE.

  • Mahanagar Gas is falling as its net profit declines 32.5% YoY to Rs 191.4 crore in Q2FY26 due to higher gas procurement costs and discounts in industrial/commercial sales. However, revenue increases 14.8% YoY to Rs 2,050.4 crore during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past two months.

  • Abhishek Khaitan, MD of Radico Khaitan, expects over 20% growth in overall volumes as well as in the prestige and above (P&A) segment in FY26. He aims to surpass Rs 500 crore in revenue from the luxury portfolio during the year. Khaitan notes a 200 bps margin improvement and expects to sustain growth of over 150 bps in FY26.

  • PB Fintech is rising as its Q2FY26 net profit surges 165% YoY to Rs 135 crore, beating Forecaster estimates by 18.2%. Revenue surges 38% YoY to Rs 1,614 crore, led by strong growth in its online protection business and health insurance segment. It appears in a screener of stocks giving a positive breakout from its first resistance.

  • Sagility is rising sharply as its Q2FY26 net profit surges 113.8% YoY to Rs 250.8 crore, owing to lower finance and depreciation & amortisation expenses. Revenue jumps 28.1% YoY to Rs 1,716.7 crore during the quarter. It features in a screener of stocks with high durability and EPS growth.

  • United Breweries is falling as its net profit plunges 64.8% YoY to Rs 46.5 crore in Q2FY26 due to inventory buildup and higher finance costs. Revenue decreases 3% YoY to Rs 2,052.8 crore, driven by lower sales from the beer segment during the quarter. The company appears in a screener of stocks underperforming their industry price change in the quarter.

  • Elara Securities maintains an 'Accumulate' rating on Coal India with a target price of Rs 432. The brokerage notes the company’s Q2 results were weak, with revenue declining 3% YoY and PAT falling 32% YoY due to lower output and muted power demand. Coal production dropped 4% YoY, while offtake was down 1% YoY, both missing targets. Elara has reduced its FY26–28 earnings estimates by 19–21% due to weak volumes and lower premiums.

  • Steel Authority of India (SAIL) is falling as its Q2FY26 net profit declines 53.3% YoY to Rs 418.7 crore, driven by higher inventory, employee benefits, and depreciation & amortisation expenses. However, revenue grows 8.3% YoY to Rs 26,910 crore, driven by improvements at the Rourkela, Bokaro, Salem, and alloy steel plants. It shows up in a screener of stocks with increasing trend in non-core income.

  • Larsen & Toubro rises to its all-time high of Rs 4,050 as its Q2FY26 net profit grows 15.6% YoY to Rs 3,926.1 crore owing to lower construction materials, inventory, stores, spares & loose tools, and finance costs. Revenue jumps 10.7% YoY to Rs 69,367.8 crore, led by improvements in the energy projects, hi-tech manufacturing, IT & technology services, financial services, and development projects segments. It appears in a screener of stocks with improving RoCE over the past two years.

  • Brigade Enterprises is falling as its Q2FY26 net profit misses Forecaster estimates by 15% despite growing 36.6% YoY to Rs 162.5 crore, helped by inventory destocking. Revenue increases 29% YoY to Rs 1,383.4 crore, driven by higher sales from the real estate, hospitality, and leasing segments during the quarter. The company appears in a screener of stocks with improving book value per share over the past two years.

  • Bharat Heavy Electricals rises sharply as its Q2FY26 net profit surges 3.5x YoY to Rs 374.9 crore, led by inventory destocking and lower finance costs. Revenue jumps 14.8% YoY to Rs 7,686.4 crore, driven by improvements in the power and industry segments. It features in a screener of affordable stocks with good financials and durability.

  • Nifty 50 was trading at 25,985.15 (-68.8, -0.3%), BSE Sensex was trading at 84,810.27 (-186.9, -0.2%), while the broader Nifty 500 was trading at 23,913.45 (-39.0, -0.2%).

  • Market breadth is in the green. Of the 2,093 stocks traded today, 1,141 were in the positive territory and 904 were negative.

Riding High:

Largecap and midcap gainers today include PB Fintech Ltd. (1,844.50, 7.0%), Bharat Heavy Electricals Ltd. (261.29, 6.5%) and Aditya Birla Capital Ltd. (326.80, 5.2%).

Downers:

Largecap and midcap losers today include IDBI Bank Ltd. (97.90, -3.9%), Dr. Reddy's Laboratories Ltd. (1,202.20, -3.9%) and Coromandel International Ltd. (2,174.20, -3.6%).

Volume Shockers

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

Top high volume gainers on BSE included Sagility Ltd. (54.58, 7.3%), PB Fintech Ltd. (1,844.50, 7.0%) and Grindwell Norton Ltd. (1,676.30, 6.5%).

Top high volume losers on BSE were Dr. Reddy's Laboratories Ltd. (1,202.20, -3.9%), LIC Housing Finance Ltd. (570.45, -3.9%) and Coromandel International Ltd. (2,174.20, -3.6%).

India Cements Ltd. (400, 2.2%) was trading at 40.1 times of weekly average. Bharat Heavy Electricals Ltd. (261.29, 6.5%) and Five-Star Business Finance Ltd. (642.75, 6.2%) were trading with volumes 9.3 and 7.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

20 stocks took off, crossing 52 week highs, while 2 stocks hit their 52 week lows.

Stocks touching their year highs included - Bharat Petroleum Corporation Ltd. (357.60, 2.7%), Canara Bank (132.89, 3.2%) and Cummins India Ltd. (4,384.20, 0.6%).

Stocks making new 52 weeks lows included - Clean Science & Technology Ltd. (1,015, -3.3%) and Tejas Networks Ltd. (536.20, -1.1%).

18 stocks climbed above their 200 day SMA including Grindwell Norton Ltd. (1,676.30, 6.5%) and Oil India Ltd. (434.75, 3.4%). 13 stocks slipped below their 200 SMA including Dr. Reddy's Laboratories Ltd. (1,202.20, -3.9%) and LIC Housing Finance Ltd. (570.45, -3.9%).

 
More from Trendlyne Marketwatch
More from Trendlyne Analysis
Recommended
Market closes lower, Godrej Properties' Q2 revenue beats Forecaster estimates by 68%
Trendlyne Marketwatch | 06 Nov 2025, 04:05PM
The banking boom: Rising profits, and a wave of investor confidence
The Baseline | 06 Nov 2025, 03:07PM
Markets close flat, RailTel's IPO oversubscribed on Day 1
Trendlyne Marketwatch | 16 Feb 2021