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Trendlyne Marketwatch
31 Oct 2025, 04:01PM
Market closes lower, Bharat Electronics' Q2 net profit beats Forecaster estimates by 15%
By Trendlyne Analysis

 

Nifty 50 closed at 25,722.10 (-155.8, -0.6%) , BSE Sensex closed at 83,938.71 (-465.8, -0.6%) while the broader Nifty 500 closed at 23,710.40 (-130.9, -0.6%). Market breadth is in the red. Of the 2,578 stocks traded today, 995 were in the positive territory and 1,522 were negative.

Indian indices closed in the red, weighed down by renewed foreign investor selling despite easing global trade tensions. The Indian volatility index, Nifty VIX, rose 0.7% and closed at 12.2 points. United Spirits closed 2.5% higher as its Q2FY26 net profit jumped 34.5% YoY to Rs 464 crore, owing to inventory destocking and lower advertisement expenses. Revenue grew 8.2% YoY to Rs 7,280 crore, driven by improvement in the alcoholic beverages segment.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the red, following the benchmark index. Nifty PSU Bank and Nifty India Defence were among the top index gainers today. According to Trendlyne’s Sector dashboard, General Industrials emerged as the best-performing sector of the day, with a rise of 0.4%.

Asian indices closed lower, while European indices are trading in the red. US index futures traded higher, indicating a positive start to the trading session. The NASDAQ Composite fell 1.6% on Thursday, dragged down by losses in mega-cap tech stocks. Meta dropped 11% after forecasting higher AI spending, while Microsoft and Nvidia also declined amid investment and valuation concerns. Meanwhile, the US and China signed a one-year rare earth supply deal, and overall US tariffs on China were reduced from 57% to 47%.

  • Relative strength index (RSI) indicates that stocks like Blue Dart Express, Hindalco Industries, Shriram Finance, and Federal Bank are in the overbought zone.

  • GAIL (India)'s Q2FY26 net profit declines 26.8% YoY to Rs 1,972.4 crore due to higher raw materials, inventory, finance, and employee benefits expenses. However, revenue grows 4.8% YoY to Rs 35,893.8 crore, driven by improvements in the transmission services, natural gas marketing, and city gas segments. It appears in a screener of stocks with declining net cash flow.

  • Strides Pharma surges as its Q2FY26 net profit jumps 82% YoY to Rs 131.5 crore, helped by lower material and finance costs. Revenue jumps 4.6% YoY to Rs 1,220.8 crore during the quarter. The company features in a screener of stocks where FIIs or institutions are increasing their shareholding.

  • Bharat Electronics is rising as its Q2FY26 net profit jumps 17.9% YoY to Rs 1,287.8 crore. Revenue grows 24.8% YoY to Rs 5,946 crore during the quarter. It features in a screener of stocks with improving RoE over the past two years.

  • K Satyanarayana Raju, MD & CEO of Canara Bank, says the bank has developed efficient systems that enable gold loan disbursals within 15–20 minutes. Over the past two and a half years, the bank has increased the share of its RAM (Retail, Agriculture, MSME) portfolio from 54% to 58% as part of its strategy to build a more granular book and reduce concentration risk. He adds that the RAM segment is currently growing at about 17–19% annually.

  • Pidilite Industries is falling as its Q2FY26 net profit misses Forecaster estimates by 6.2% despite growing 8.4% YoY to Rs 579.2 crore. Revenue increases 9.9% YoY to Rs 3,554.4 crore, driven by higher sales from the business-to-business and consumer & bazaar segments during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • TD Power Systems rises to its 52-week high of Rs 768 as its net profit grows 46% YoY to Rs 45 crore. Revenue increases 25% YoY to Rs 360 crore, driven by robust project execution and sustained growth in export orders for its generators. It appears in a screener of stocks with a PEG lower than the industry PEG.

  • NTPC is falling as its Q2FY26 net profit declines 3.9% YoY to Rs 5,066.8 crore, caused by higher electricity, employee benefits, and depreciation & amortisation expenses. Revenue remains flat at Rs 45,262.1 crore due to a reduction in power generation. It shows up in a screener of stocks where mutual funds decreased their shareholding over the past quarter.

  • JM Financial retains its 'Buy' rating on Varun Beverages with a target price of Rs 570. The brokerage terms Q3CY25 a soft quarter but notes strong execution and stable margins in VBL’s India business despite weak monsoons and rising competition. As part of its long-term strategy, VBL is diversifying into new categories, including alcoholic beverages, frozen foods, and noodles.

  • Mphasis' Q2FY26 net profit grows 6.2% QoQ to Rs 469.1 crore, helped by a deferred tax credit of Rs 32 crore. Revenue increases 4.5% QoQ to Rs 3,901.9 crore, driven by improvements in the banking & financial services, technology, media & telecom, and insurance segments. It shows up in a screener of stocks with RSI indicating price strength.

  • Gravita is rising as its Q2FY26 net profit surges 33% to Rs 96 crore, driven by higher volumes, value-added mix, and efficient scrap sourcing. Revenue climbs 12% YoY to Rs 1,036 crore, beating Forecaster estimates by 3.4%. It appears in a screener of stocks with rising net cash flow and cash from operating activities.

  • DLF falls as its Q2FY25 net profit declines 14.6% YoY to Rs 1,180.1 crore. Revenue grows 3.7% YoY to Rs 2,261.8 crore, led by higher collections and new sales bookings. It appears in a screener of stocks underperforming their industries over the past quarter.

  • Mohit Malhotra, CEO of Dabur, highlights that the company gained market share in 95% of its portfolio and expects improved margins in FY26. While the GST transition impacted volumes, long-term prospects remain positive. He plans to revamp the 'Real' brand, fill gaps in the beverage portfolio, and grow Dabur Ventures to focus on new-age, digital brand mergers & acquisitions (M&A).

  • United Spirits is rising sharply as its Q2FY26 net profit jumps 34.5% YoY to Rs 464 crore, owing to inventory destocking and lower advertisement & sales promotion expenses. Revenue grows 8.2% YoY to Rs 7,280 crore, driven by an improvement in the alcoholic beverages segment. It features in a screener of stocks with prices above short, medium, and long-term moving averages.

  • Lodha Developers is rising as its net profit surges 86.5% YoY to Rs 788.7 crore in Q2FY26. Revenue increases 44.7% YoY to Rs 3,798.5 crore, driven by higher presales and collections during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past two months.

  • MTAR Technologies rises to its 52-week high as it secures new orders worth Rs 263.5 crore from an existing overseas client. The orders will be completed over the next year, starting from Q3FY26.

  • Rajesh Sharma, MD of Capri Global Capital, highlights the company's target to deliver assets under management (AUM) of Rs 50,000 crore by FY28. He projects a return on equity (ROE) of 4% and a return on assets (ROA) of 16–18%, driven by robust fee-based income, steady performance in gold loans, and limited stress in the MSME portfolio.

  • Manappuram Finance's Q2FY26 net profit plunges 61.5% YoY to Rs 219.9 crore due to higher impairment on financial instruments and depreciation & amortisation expenses. Revenue declines 13.3% YoY to Rs 2,285.4 crore, caused by a reduction in the micro finance segment. It appears in a screener of stocks with expensive valuations according to Trendlyne valuation scores.

  • Welspun Corp is rising as its Q2FY26 revenue rises 31% YoY to Rs 4,409 crore, led by strong growth in line and ductile iron pipes. Net profit surges 53% to Rs 440 crore on better operating leverage, lower finance costs, and higher JV contributions. EBITDA margins expand 50 bps to 14.2%, driven by improved product mix and cost efficiencies. It appears in a screener of affordable stocks with high ROE & momentum.

  • ITC is rising as its Q2FY26 revenue rises 7.1% YoY, led by strong growth in cigarettes and other FMCG businesses. PAT increases 4.1% YoY to Rs 5,180 crore, driven by premiumisation, cost control, and stable inputs despite agri and paper pressure. EBITDA margin expands 185 bps YoY to 35.1%, aided by operating leverage, cost efficiency, and improved mix across core businesses. It appears in a screener of undervalued growth stocks.

  • ICRA notes that India’s mutual fund industry registered modest growth in assets under management (AUM) in September, rising 0.6% MoM to Rs 75.6 lakh crore, despite recording the steepest net outflows of the fiscal year. The modest growth was driven by strong inflows into Gold ETFs and steady equity investments, offsetting heavy redemptions from debt funds.

  • LT Foods' Q2FY26 net profit grows 10.4% YoY to Rs 163.9 crore, helped by lower material costs. Revenue increases 31.2% YoY to Rs 2,765.7 crore, driven by improvements in the organic and basmati & speciality rice segments during the quarter. The company appears in a screener of stocks with improving book value per share over the past two years.

  • Bandhan Bank falls sharply as its Q2FY26 net profit plunges 88.1% YoY to Rs 111.9 crore due to higher provisions, interest and employee benefits expenses. Revenue declines 3.4% YoY to Rs 5,900.3 crore during the quarter. The bank's asset quality declines as its gross and net NPAs grow 34 bps and 8 bps YoY, respectively.

  • Navin Fluorine International surges to a new all-time high of Rs 5,689.9 as its net profit jumps 1.5X YoY to Rs 148.4 crore in Q2FY26, helped by lower employee benefit expenses. Revenue increases 46.3% YoY to Rs 758.4 crore due to strong performance across all business segments during the quarter. The company appears in a screener of stocks where mutual funds increased their shareholding in the last quarter.

  • Swiggy rises as its Q2FY26 revenue grows 52.5% YoY to Rs 5,620 crore, supported by improvements in the food delivery, out-of-home consumption, quick commerce, and supply chain distribution segments. However, net loss widens 74.6% YoY to Rs 1,092 crore due to higher raw materials, inventory, employee benefits, finance, advertising & sales promotion, and delivery expenses. Swiggy's board is set to meet on November 7 to consider a proposal to raise Rs 10,000 through a private placement, public placement, qualified institutional placement (QIP), or other modes.

  • Nifty 50 was trading at 25,862.85 (-15, -0.1%), BSE Sensex was trading at 84,379.79 (-24.7, 0.0%), while the broader Nifty 500 was trading at 23,847.25 (6.0, 0.0%).

  • Market breadth is in the green. Of the 2,060 stocks traded today, 1,209 were in the positive territory and 761 were negative.

Riding High:

Largecap and midcap gainers today include IDBI Bank Ltd. (103.80, 6.0%), Union Bank of India (148.67, 4.5%) and Bharat Electronics Ltd. (426.10, 4.0%).

Downers:

Largecap and midcap losers today include MphasiS Ltd. (2,764.40, -4.5%), Jindal Stainless Ltd. (753.70, -3.7%) and Eternal Ltd. (317.75, -3.5%).

Volume Rockets

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

Top high volume gainers on BSE included Navin Fluorine International Ltd. (5,687.40, 14.3%), Intellect Design Arena Ltd. (1,133.50, 8.3%) and IDBI Bank Ltd. (103.80, 6.0%).

Top high volume losers on BSE were Bandhan Bank Ltd. (156.56, -8.2%), MphasiS Ltd. (2,764.40, -4.5%) and Global Health Ltd. (1,311.50, -4.5%).

Inventurus Knowledge Solutions Ltd. (1,645.90, 5.0%) was trading at 40.2 times of weekly average. United Spirits Ltd. (1,431.40, 2.6%) and Gillette India Ltd. (9,016.50, -1.0%) were trading with volumes 14.0 and 7.0 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

21 stocks took off, crossing 52 week highs, while 7 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Bank of Baroda (278.40, 2.1%), Bank of India (139.88, 0.8%) and Bharat Petroleum Corporation Ltd. (356.80, -0.2%).

Stocks making new 52 weeks lows included - Deepak Nitrite Ltd. (1,728.40, -0.7%) and KNR Constructions Ltd. (181.23, -1.6%).

16 stocks climbed above their 200 day SMA including Inventurus Knowledge Solutions Ltd. (1,645.90, 5.0%) and Aurobindo Pharma Ltd. (1,138.90, 3.3%). 21 stocks slipped below their 200 SMA including Bandhan Bank Ltd. (156.56, -8.2%) and ZF Commercial Vehicle Control Systems India Ltd. (12,424, -3.1%).

 
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