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Trendlyne Marketwatch
03 Nov 2025
Market closes higher, Japan’s MUFG is in talks to buy 20% stake in Shriram Finance
By Trendlyne Analysis

 

Nifty 50 closed at 25,763.35 (41.3, 0.2%), BSE Sensex closed at 83,978.49 (39.8, 0.1%) while the broader Nifty 500 closed at 23,810.70 (100.3, 0.4%). Market breadth is in the green. Of the 2,592 stocks traded today, 1,378 were gainers and 1,162 were losers.

Indian indices closed higher after switching between gains and losses throughout the day. The Indian volatility index, Nifty VIX, rose 4.2% and closed at around 12.7 points. Bharat Petroleum Corp hit a 52-week high as its Q2FY26 net profit surged 2.7x YoY, led by lower raw materials and finance costs. Revenue grew 2.3% YoY during the quarter. 

Nifty Smallcap 100 and Nifty Midcap 100 closed in the green, following the benchmark index. Nifty PSU Bank and Nifty Pharma closed higher. According to Trendlyne’s Sector dashboard, Telecom Services emerged as the best-performing sector of the day, with a rise of 1.9%.

European indices are trading flat or higher. Major Asian indices closed mixed. US index futures are trading in the green, indicating a positive start to the session. BP signed an agreement to divest its US midstream assets to Sixth Street for $1.5 billion as part of its ongoing efforts to reduce net debt. Meanwhile, Palantir Technologies, Vertex Pharmaceuticals, and Williams Companies are set to report their earnings today.

  • Money flow index (MFI) indicates that stocks like Five-Star Business Finance, Navin Fluorine International, Mangalore Refinery and Petrochemicals, and State Bank of India are in the overbought zone.

  • Ambuja Cements is rising as its Q2FY26 net profit surges 3.7x YoY to Rs 1,765.7 crore, led by a Rs 1,464.8 crore tax return. Revenue jumps 19% YoY to Rs 9,431.5 crore, supported by improvements in the cement and ready mix concrete segments. It features in a screener of stocks with prices above short, medium, and long-term moving averages.

  • Shriram Finance rises to its all-week high of Rs 799.9 as reports suggest Japan’s MUFG is in advanced talks to acquire a 20% stake for $3.5–4 billion (Rs 33,000–35,000 crore) via fresh capital infusion.

  • Mahindra Holidays & Resorts India rises as its Q2FY26 net profit surges 47% YoY to Rs 16.9 crore, supported by higher occupancies and strong operating leverage. Revenue grows 6% YoY to Rs 749.5 crore, driven by steady resort income and expansion in the India vacation ownership business. It appears in a screener of stocks with high TTM EPS growth.

  • Vodafone Idea jumps over 9% after the Supreme Court allows the government to reconcile all AGR dues up to FY2016–17. The move provides major relief ahead of its Rs 18,000 crore AGR installment due in March 2026.

  • AWL Agri Business is falling as its Q2FY26 net profit declines 21.3% YoY to Rs 244.9 crore due to higher raw materials, inventory, employee benefits, and finance costs. However, revenue grows 20.4% YoY to Rs 17,525.6 crore, led by improvements in the edible oil and industry essentials segments. It shows up in a screener of stocks where promoters are decreasing their shareholding.

  • NOCIL falls as its Q2FY26 revenue misses Forecaster estimates by 7%, declining 11% YoY to Rs 657 crore. Net profit drops 58% YoY to Rs 29 crore, weighed down by pricing pressure, weaker exports, and lower margins. It appears in a screener of stocks with growing costs YoY for long-term projects.

  • Zensar Technologies falls as its Q2FY26 net profit misses Forecaster estimates by 2.6% despite rising 17.4% YoY to Rs 176.8 crore. Revenue grows 7.8% YoY to Rs 1,673 crore, driven by strength in the hi-tech & manufacturing segments, and steady demand from key markets. It appears in a screener of stocks with expensive valuations according to the Trendlyne valuation score.

  • Rajesh Jain, COO of RR Kabel, projects volume growth of 18% by FY26. He expects consolidated margins to be around 8% and wires & cables (W&C) business margins at about 8.5% during the same period. Jain anticipates the fast-moving electrical goods (FMEG) segment to break even by FY26. He adds that the company aims to maintain its market share and believes the industry is large enough to accommodate new entrants.

  • SBFC Finance rises to its 52-week high of Rs 123 as its Q2FY26 revenue grows 31% YoY to Rs 411 crore, driven by strong loan growth in the secured MSME segment. Net profit climbs 30% YoY to Rs 109 crore, aided by higher loan yields and better cost control. It appears in a screener of stocks with high TTM EPS growth.

  • Hindustan Unilever receives a tax demand of Rs 1,986.3 crore from the Income Tax Department for FY21. The order cites transfer pricing adjustments and disallowance of related-party payments and depreciation claims.

  • Eicher Motors rises as its sales increase 13% YoY to 1.2 lakh units in October, driven by a 15% growth in domestic sales. However, exports decline by 7% YoY during the month.

  • India’s manufacturing PMI rises to 59.2 in October, up from 57.7 in September. The rise was fueled by GST relief measures, enhanced productivity, and increased investments in technology.

  • TVS Motor rises as its total wholesales grow 11% YoY to 5.4 lakh units in October, driven by a 10% YoY increase in two-wheelers and a 21% YoY growth in international business.

  • Schaeffler India is rising sharply as its Q2FY26 net profit jumps 22.4% YoY to Rs 289.3 crore, led by inventory destocking. Revenue grows 14.9% YoY to Rs 2,463 crore, helped by improvements in the automotive technologies, vehicle lifetime solutions, bearings & industrial solutions, and intercompany exports segments. It features in a screener of stocks with increasing profits over the past four quarters.

  • Medplus Health Services is rising as its net profit jumps 43.3% YoY to Rs 55.5 crore in Q2FY26, helped by inventory destocking. Revenue increases 6.5% YoY to Rs 1,679.3 crore, driven by improvements in the retail and diagnostic services segments during the quarter. The company appears in a screener of stocks with improving book value per share over the past two years.

  • Zen Technologies gains over 3% after securing two major contracts worth Rs 289 crore from the Ministry of Defence (MoD) to upgrade its anti-drone systems (ADS). The company expects to complete the projects within a year.

  • JK Cement falls as its Q2FY26 net profit misses Forecaster estimates by 11.4% despite rising 17% YoY to Rs 160.5 crore. Revenue grows 18% YoY to Rs 3,019 crore, driven by higher cement volumes and improved capacity utilisation. It appears in a screener of stocks with a PE higher than the industry PE.

  • Tata Chemicals is falling as its Q2FY26 net profit declines 60.3% YoY to Rs 77 crore, caused by higher raw materials, inventory, employee benefits, and freight & forwarding expenses. Revenue decreases 2.2% YoY to Rs 4,015 crore due to reductions in the basic chemistry products and specialty products segments. It shows up in a screener of stocks with PE higher than the industry PE.

  • Bharat Petroleum Corp rises to its 52-week high of Rs 362 as its Q2FY26 net profit surges 2.7x YoY to Rs 6,191.5 crore, led by lower raw materials and finance costs. Revenue grows 2.3% YoY to Rs 1.1 lakh crore, owing to improvements in the downstream petroleum and hydrocarbons exploration & production segments. It appears in a screener of stocks with high trailing twelve-month (TTM) EPS growth.

  • Shankha Banerjee, CEO of Dr Lal PathLabs, says the company is on track to achieve 11–12% growth in FY26. He expects margins to remain in the 27–28% range for the year. Banerjee adds that there are no immediate plans to increase prices in the second half of FY26. He notes that higher volumes and an improved product mix drove Q2 growth.

  • Balkrisha Industries is falling as its Q2FY26 net profit declines 21.3% YoY to Rs 273.2 crore, driven by higher inventory, employee benefits, and depreciation & amortisation expenses. Revenue decreases 1.8% YoY to Rs 2,464.7 crore during the quarter. It shows up in a screener of stocks with medium to low Trendlyne momentum scores.

  • Phoenix Mills rises as its Q2FY26 net profit grows 39.4% YoY to Rs 304 crore, helped by lower finance and electricity expenses. Revenue jumps 20% YoY to Rs 1,146.2 crore, driven by improvements in the property & related services, hospitality services, and residential business segments. It features in a screener of stocks with consistently high returns over the past five years.

  • Patanjali Foods' Q2FY26 net profit surges 67.4% YoY to Rs 516.7 crore, helped by lower inventory buildup. Revenue increases 20.2% YoY to Rs 9,798.8 crore, driven by improvements in the edible oils and FMCG segments during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past two months.

  • Bank of Baroda's net profit falls 8.2% YoY to Rs 4,809.4 crore in Q2FY26. Revenue increases 4.1% YoY to Rs 31,510.8 crore, driven by improvements in the treasury and retail banking segments. The bank's asset quality improves as its gross and net NPAs contract by 34 bps and 3 bps YoY, respectively, during the quarter.

  • Nifty 50 was trading at 25,687.85 (-34.3, -0.1%), BSE Sensex was trading at 83,935.38 (-3.3, 0%) while the broader Nifty 500 was trading at 23,727.50 (17.1, 0.1%).

  • Market breadth is in the green. Of the 2,182 stocks traded today, 1,291 were gainers and 798 were losers.

Riding High:

Largecap and midcap gainers today include Schaeffler India Ltd. (4,278.70, 6.4%), Shriram Finance Ltd. (796.45, 6.4%) and Godrej Consumer Products Ltd. (1,178.60, 5.4%).

Downers:

Largecap and midcap losers today include Patanjali Foods Ltd. (578.15, -4.0%), Maruti Suzuki India Ltd. (15,651, -3.3%) and Adani Green Energy Ltd. (1,105.20, -3.1%).

Movers and Shakers

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

Top high volume gainers on BSE included Wockhardt Ltd. (1,413.80, 10.3%), Sterling and Wilson Renewable Energy Ltd. (238.70, 8.5%) and Medplus Health Services Ltd. (820.05, 7.5%).

Top high volume losers on BSE were Zensar Technologies Ltd. (755.90, -5.2%), Aptus Value Housing Finance India Ltd. (301.35, -5.1%) and JK Cement Ltd. (5,899.50, -5.1%).

Schaeffler India Ltd. (4,278.70, 6.4%) was trading at 18.1 times of weekly average. Patanjali Foods Ltd. (578.15, -4.0%) and 3M India Ltd. (30,700, 3.9%) were trading with volumes 9.6 and 8.9 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

24 stocks took off, crossing 52 week highs, while 6 stocks tanked below their 52 week lows.

Stocks touching their year highs included - Bank of Baroda (291.20, 4.6%), Bank of India (142.13, 1.6%) and Bharat Petroleum Corporation Ltd. (367.30, 2.9%).

Stocks making new 52 weeks lows included - Westlife Foodworld Ltd. (588.20, -0.9%) and Cohance Lifesciences Ltd. (742.85, -1.4%).

26 stocks climbed above their 200 day SMA including Medplus Health Services Ltd. (820.05, 7.5%) and Indus Towers Ltd. (382.75, 5.3%). 14 stocks slipped below their 200 SMA including Zensar Technologies Ltd. (755.90, -5.2%) and Patanjali Foods Ltd. (578.15, -4.0%).

 
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