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Trendlyne Marketwatch
04 Nov 2025, 04:16PM
Market closes lower, Suzlon Energy's Q2 net profit surges 6.4x YoY
By Trendlyne Analysis

 

 

Nifty 50 closed at 25,597.65 (-165.7, -0.6%), BSE Sensex closed at 83,459.15 (-519.3, -0.6%) while the broader Nifty 500 closed at 23,675.45 (-135.3, -0.6%). Market breadth is in the red. Of the 2,580 stocks traded today, 853 were gainers and 1,684 were losers.

Indian indices closed lower after extending losses in the afternoon session. The Indian volatility index, Nifty VIX, closed flat at 12.7 points. Hitachi Energy India closed 13.5% as its Q2FY26 net profit jumped 5.1x YoY to Rs 264.4 crore, led by inventory destocking.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red, tracking the benchmark index. Nifty CPSE and S&P BSE Utilities were among the worst-performing indices of the day. According to Trendlyne’s sector dashboard, Telecom Services emerged as the highest-performing sector of the day, with a rise of 1.7%.

European indices are trading lower, except Russia’s RTSI and MOEX indices, which are trading 1.5% higher, each. Major Asian indices closed in the red, except Malaysia’s KLCI and Sri Lanka’s CSE All-Share indices, which closed flat. US index futures are trading lower, indicating a cautious start to the session as investors look for opinions on the state of the US economy from Federal Reserve members. Meanwhile, Advanced Micro Devices (AMD), Shopify and Uber Technologies are set to report their results later today.

  • Relative strength index (RSI) indicates that stocks like Indian Bank, Navin Fluorine, Shriram Finance, and Federal Bank are in the overbought zone.

  • State Bank of India rises to its all-time high of Rs 958.6 as its Q2FY26 net profit jumps 10% YoY to Rs 20,159.7 crore. Revenue grows 4.5% YoY to Rs 1.3 lakh crore, owing to improvements in the corporate and retail banking segments. The bank's asset quality improves as its gross and net NPAs decline by 40 bps and 11 bps YoY, respectively.

  • Adani Ports & SEZ's Q2FY26 net profit grows 27.2% YoY to Rs 3,109.1 crore. Revenue jumps 35.7% YoY to Rs 10,004.1 crore, led by an improvement in port & SEZ activities. It features in a screener of stocks with increasing revenue for the past three quarters.

  • Mahindra & Mahindra's Q2FY26 net profit jumps 17.7% YoY to Rs 4,520.5 crore owing to inventory destocking and higher tax returns. Revenue grows 21.3% YoY to Rs 33,421.6 crore, driven by improvements in the farm equipment, financial services, and industrial businesses & consumer services segments. It features in a screener of stocks near their 52-week high with significant volumes.

  • JM Financial downgrades CDSL to a 'Reduce' rating with a target price of Rs 1,500. The brokerage notes that its average daily turnover (ADTO) across BSE and NSE fell about 18% YoY in Q2. It adds that while KFintech’s entry into the KYC segment adds competition, CDSL hasn’t seen any material impact. It believes CDSL is well-positioned to benefit from rising market participation, though muted activity and lower trading volumes may pressure earnings.

  • TBO Tek rises as its Q2FY26 net profit surges 33% YoY to Rs 90.8 crore, driven by strong growth in its hotels and packages segment. Revenue jumps 26% YoY to Rs 567.5 crore, led by higher bookings and wider platform adoption. It appears in a screener of stocks with increasing profits every quarter for the past three quarters.

  • Kirloskar Brothers falls as its Q2FY26 net profit plunges 25% YoY to Rs 72.2 crore due to higher employee and operating costs. Revenue declines 1% YoY to Rs 1,027.7 crore, impacted by muted domestic demand and slower project execution. It appears in a screener of stocks with expensive valuations according to the Trendlyne valuation score.

  • One Mobikwik Systems is falling as its Q2FY26 net loss expands 8x YoY to Rs 28.6 crore, caused by higher finance costs. Revenue declines 4.9% YoY to Rs 279.3 crore during the quarter. It shows up in a screener of stocks with negative profit growth, where promoters are decreasing their shareholdings.

  • Jefferies maintains a 'Buy' rating on Ajanta Pharma with a lower target price of Rs 3,120. The brokerage notes that the company’s Q2 results beat estimates after adjusting for forex, reflecting strong execution. Management expects continued momentum in the US in FY26, driven by new launches and generics expansion, along with faster growth in Africa from a larger field force and deeper market reach. Jefferies projects an EBITDA margin of 27%, supported by ongoing investments in Asia and Africa.

  • SJS Enterprises rises to its 52-week high of Rs 1,786.4 as its Q2FY26 net profit jumps 48% YoY to Rs 43.3 crore, driven by premium product demand and strong growth in the 2W segment. Revenue climbs 25% YoY to Rs 241.8 crore, supported by robust 2W sales and higher exports. It appears in a screener of stocks with high TTM EPS growth.

  • Suzlon Energy is rising as its Q2FY26 net profit surges 6.4x YoY to Rs 1,279.4 crore, driven by a deferred tax credit of Rs 718.2 crore. Revenue jumps 83.7% YoY to Rs 3,897.3 crore, supported by improvements in the wind turbine generator, foundry & forging, and operation & maintenance services segments. It appears in a screener of stocks with rising net cash flow over the past two years.

  • 3M India surges as its net profit jumps 43% YoY to Rs 191.3 crore in Q2FY26, helped by lower material and finance costs. Revenue increases 14% YoY to Rs 1,266.5 crore, driven by broad-based growth across business segments during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past two months.

  • Bernstein initiates coverage on Swiggy and Eternal with an ‘Outperform’ rating and target prices of Rs 570 and Rs 390, respectively. The brokerage cites the strong positioning of both companies in India’s expanding food delivery (FD) and quick commerce (QC) markets. While QC remains a key growth driver, Bernstein cautions about rising competition. The firm estimates the QC market could reach $35 billion by FY30.

  • Bharti Hexacom falls as its Q2FY26 net profit misses Forecaster estimates by 2.2% despite rising 66.4% YoY to Rs 421.2 crore, helped by lower access charges, finance and sales & marketing expenses. Revenue grows 10.5% YoY to Rs 2,317.3 crore, driven by higher income from mobile services and home, office & other services segments. It shows up in a screener of stocks with PE higher than the industry PE.

  • Axis Direct upgrades Maruti Suzuki to a 'Buy' call from 'Hold', with a higher target price of Rs 18,170. This indicates a potential upside of 17.2%. The brokerage believes that GST reforms and Maruti’s two new launches, which aim to strengthen its presence in the high-growth utility vehicles segment, will help drive growth in a stagnant small passenger car market. It expects the company to deliver a revenue CAGR of 10% over FY26-28.

  • Cipla enters an agreement to acquire a 100% stake in Inzpera Healthsciences for a cash consideration of Rs 110.7 crore to strengthen its presence in the paediatrics and wellness segments.

  • Manish Tandon, CEO and MD of Zensar Technologies, says Q2 revenue growth was impacted by the slowdown in the telecom, media, and tech segments, as well as spending cuts by tech clients. He highlights that the company’s exposure to these segments has come down to 20% from 27–28% last year. Tandon expects Zensar to perform in line with the industry in FY26 and maintains margin guidance in the mid-teens, around 15%.

  • Gland Pharma is falling sharply as its Q2FY26 net profit misses Forecaster estimates by 16.6% despite growing 12.3% YoY to Rs 183.7 crore, led by lower inventory expenses. Revenue jumps 7.2% YoY to Rs 1,571 crore, driven by improvements in the USA and European markets. It appears in a screener of stocks with declining RoCE over the past two years.

  • JK Paper is falling as its net profit plunges 41.8% YoY to Rs 74.8 crore in Q2FY26 due to higher wood costs and lower sales realisations amid cheap imports. However, revenue increases 3.9% YoY to Rs 1,748.5 crore, driven by higher sales from the paper and packaging segment during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter.

  • Power Grid Corp of India is falling as its Q2FY26 net profit declines 6% YoY to Rs 3,566.1 crore due to higher employee benefits expenses. Revenue decreases 1.5% YoY to Rs 11,670.2 crore, caused by reductions in the transmission and telecom segments. It shows up in a screener of stocks with growing costs YoY for long-term projects.

  • Elara maintains an 'Accumulate' rating on Westlife Foodworld with a lower target price of Rs 640. The brokerage notes that Q2 results missed expectations due to weak same-store sales growth (SSSG) and cost pressures. Store count rose 10% YoY to 450, and the company targets 572 stores by FY28. It expects recovery from Q3 and SSSG to turn positive in H2.

  • Titan is rising as its Q2FY26 net profit jumps 59.1% YoY to Rs 1,120 crore, owing to inventory destocking. Revenue grows 28.5% YoY to Rs 18,837 crore, supported by improvements in the watches, jewellery, and eyecare segments. It appears in a screener of stocks where superstar investors are buying stakes.

  • Hitachi Energy India surges almost 10% as its Q2FY26 net profit jumps 5.1x YoY to Rs 264.4 crore, led by inventory destocking. Revenue grows 23.3% YoY to Rs 1,915.2 crore, driven by higher order execution. It features in a screener of stocks with rising net cash flow and cash from operating activities.

  • City Union Bank is rising as its net profit grows 15.2% YoY to Rs 328.6 crore in Q2FY26. Revenue increases 15.3% YoY to Rs 1,653.1 crore, driven by improvements in the treasury, retail and wholesale banking segments during the quarter. The bank's asset quality improves as its gross and net NPAs decline by 112 bps and 72 bps YoY, respectively.

  • Bharti Airtel is rising as its net profit surges 89% YoY to Rs 6,791.7 crore in Q2FY26, helped by lower access charges. Revenue increases 25.7% YoY to Rs 52,145.4 crore, driven by broad-based growth across both India and Africa operations 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 25,755.40 (-8.0, 0.0%), BSE Sensex was trading at 84,000.64 (22.2, 0.0%), while the broader Nifty 500 was trading at 23,806.55 (-4.2, 0.0%).

  • Market breadth is in the green. Of the 2,098 stocks traded today, 1,229 were on the uptrend, and 800 went down.

Riding High:

Largecap and midcap gainers today include Hitachi Energy India Ltd. (20,457, 14.2%), Balkrishna Industries Ltd. (2,361.20, 2.8%) and Dabur India Ltd. (517.05, 2.7%).

Downers:

Largecap and midcap losers today include Hero MotoCorp Ltd. (5,309, -4.2%), Solar Industries India Ltd. (13,640, -3.7%) and Schaeffler India Ltd. (4,137.80, -3.3%).

Movers and Shakers

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

Top high volume gainers on BSE included 3M India Ltd. (35,780, 16.6%), Hitachi Energy India Ltd. (20,457, 14.2%) and City Union Bank Ltd. (258.65, 9.6%).

Top high volume losers on BSE were Hero MotoCorp Ltd. (5,309, -4.2%), Affle 3I Ltd. (1,832.80, -3.4%) and Alkyl Amines Chemicals Ltd. (1,828.40, -3.3%).

TBO Tek Ltd. (1,589, 6.2%) was trading at 82.2 times of weekly average. Alembic Pharmaceuticals Ltd. (960.70, 4.0%) and Star Cement Ltd. (251.30, -3.3%) were trading with volumes 19.1 and 14.3 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 6 stocks hit their 52 week lows.

Stocks touching their year highs included - Bank of India (142.16, 0.0%), Bharat Petroleum Corporation Ltd. (372.95, 1.5%) and Bharti Airtel Ltd. (2,113.30, 1.9%).

Stocks making new 52 weeks lows included - Godrej Agrovet Ltd. (649.15, -1.8%) and KNR Constructions Ltd. (179.46, -1.0%).

13 stocks climbed above their 200 day SMA including Alembic Pharmaceuticals Ltd. (960.70, 4.0%) and Ajanta Pharma Ltd. (2,610.70, 2.8%). 30 stocks slipped below their 200 SMA including Supreme Petrochem Ltd. (692.10, -3.9%) and Bharat Dynamics Ltd. (1,481.10, -3.6%).

 
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