News & Impact

 

· Focus Today – Gift Nifty is down 134 points or 0.5% after the news of India Strikes Pakistan. India, UK reach free trade deal, PM Modi calls for CCS meeting at 11am. US Index Future is up 1% on optimism for US-China trade talks. US Fed interest rate decision ( Tomorrow domestic market impact). FIIs were net buyers nearly Rs3800cr yesterday. Results Today : Coal India, Dabur India, MRF, United Breweries, HUDCO, APL Apollo Tubes, Blue Star, Tata Chemicals, Niva Bupa, Sonata Software, Sapphire Food. Focus on Polycab. BSE, Godrej Consumer, KEI Industries, Polycab, Paytm, HPCL, JBM Auto and Sundaram Clayton announced impressive quarterly results. BoB, Kajaria announced weak quarterly results.

 

· ADR/GDR – Tata Steel and M&M up 2% and 4% respectively. SBI and Axis Bank down over 2% each.

 

· Market outlook Today –. Geopolitical tensions between India and Pakistan may lead to increased intraday market volatility following reports that India has carried out strikes in Pakistan, two weeks after a terrorist attack in Pulwama that killed over two dozen civilians. The Gift Nifty is currently down by 134 points, or 0.5%. Traders are advised to avoid panic selling and adopt a wait-and-watch approach as the situation unfolds. Meanwhile, U.S. index futures are up by 1% amid optimism over a potential trade deal with China. Continued buying interest from Foreign Institutional Investors (FIIs) and the prospect of a UK-India free trade agreement are likely to support long-term market sentiment.

 

· US Index Future – US stock-index futures rose 1% on confirmation of trade talks between the US and China, stoking hopes that tensions will ease between the world’s two largest economies.

 

Sector-wise outlook:

 

· India-UK Free trade deal – Expects positive for textiles, metal, auto parts after the news of free trade deal with India and UK

· Focus on Cable and Wire Stocks – Expect positive for cable and wire sectors after Polycab announced good quarterly results

· Focus on PSU Banks – Expect Volatility in PSU Banks after Bank of Baroda announced weak quarterly results, concerns of rising slippage and 14-quarter low NII

· Oil marketing stocks – Expect positive for oil marketing stocks after HPCL and IOC announced strong quarterly results.

· Focus on Exchange related stocks – Expect positive for exchange related stocks after BSE announced impressive Q4 results.

· Focus on defense stocks – Expect momentum on defense stocks on account of geo-political tension between India and Pakistan

 

Global Market Update

 

· Today Asian Market Trend –. — Asian stocks rose at the open and the dollar strengthened on confirmation the US and China will hold dialogue, spurring optimism trade tensions between the world’s two largest economies will ease

 

· US market Update ¬–. U.S. stocks closed lower up to 1% Tuesday ahead of US Fed policy outcome to be announce today while quarterly results show more companies are scrubbing their forecasts for upcoming profits because of uncertainty created by President Donald Trump’s tariffs. Both Dow Jones and Nasdaq Composite index declined nearly 1% each.

 

· European Market –. Germany led a broad selloff across European markets on signs that Friedrich Merz’s surprise loss in a parliamentary vote may hamstring his ability to enact his agenda. Germany and France index declined 0.5% each while UK Index is marginally positive

 

· Gold –. Gold fell 2% to $3360/ounce, snapping a two-day advance, as signs of progress on US-China trade talks curbed demand for havens even as military hostilities between India and Pakistan escalated.

 

· Brent Crude -. Oil rose sharply by 3% to above $62/bbl as the EIA cut its 2025 average U.S. oil production forecast to 13.4 million barrels a day from 13.5 million.

 

· Previous Day Market Summary – . The equity benchmarks, Sensex and Nifty, ended with a slight decline, while mid-cap and small-cap stocks saw a sharp drop as investors remained cautious amidst rising geopolitical tensions between India and Pakistan, which dampened market sentiment. The Nifty 500 stocks’ advance-decline ratio was 1:4, indicating significant profit booking in mid-cap and small-cap stocks, which fell over 2% each. Additionally, concerns over the US-China trade negotiations and anticipation of the US Federal Reserve’s interest rate decision, set to be announced tomorrow, contributed to increased intra-day volatility. The Nifty dropped 81 points, or 0.3%, closing at 24,379. PSU Banks were the biggest losers of the day, following Bank of Baroda’s weak Q4 results. FIIs were net buyers Rs3794cr while DIIs were net sellers Rs1397cr

 

· Brokers Radar – Jefferies TGT on M&M at 4000, Bank of America TGT on M&M at 3700 from 3385. Sunteck Realty TGT by Jefferies at 575 from 685. Jefferies TGT on Indian Hotel at 980 from 1000. Jefferies TGT on Coforge at 9000 from 7860.

 

· Event – PM Modi calls CCS meeting at 11am. US Fed interest rate decision ( Tomorrow domestic market impact).

 

· Results Today – Coal India, Dabur India, MRF, United Breweries, HUDCO, APL Apollo Tubes, Blue Star, Tata Chemicals, Niva Bupa, Sonata Software, Sapphire Food

 

· Corporate Action – CRISIL Ltd Interim Dividend Rs 8, Info Edge Ltd Stock Split Rs 10/- to Rs 2/-, Sundram Fasteners Ltd Interim Dividend Rs 4.2, OFSS Ltd. Interim Dividend Rs 265

 

· Global Data Today – US – MBA Mortgage Applications, FOMC Rate Decision, Factory Order(Germany), Construction PMI(Germany & UK), Japan – Foreign Reserves

 

· Market Summary – BSE, Godrej Consumer, KEI Industries, Polycab, Paytm, HPCL, JBM Auto and Sundaram Clayton announced impressive quarterly results. BoB, Kajaria announced weak quarterly results. KPIT Tech Approves Acquisition Of Caresoft Entities For $191 Million, Techno Electric & Engineering Incorporates Wholly-Owned Subsidiary, Swiggy Grants Kouzina Exclusive License To Scale Its Food Brands, Shilpa Medicare’s Karnataka Unit Gets Approval From European Medicines Agency, HUDCO To Raise Upto Rs 2,190 Crore Through NCDs, Gujarat Themis Biosyn Starts Production At Its API Plant IN Gujarat, Sterlite Technologies In Pact With Centre For Development of Telematics, SMFG Said to Be in Talks to Buy Minority Stake in Yes Bank. UP Cabinet Approves Deal To Buy 1,600 MW From Adani Power For 25 Years.

 

· Jubiliant Pharma – India Ratings and Research has retained its long-term issuer rating of IND AA+ for Jubilant Pharmova with a stable outlook,- positive

 

· Prestige Estates Projects: Prestige City residential project sees sales of over Rs 3,000 crore across 1,200 units within a week of launch. – positive

 

· Tera Software: A consortium led by their Partner IWs ITI received an orders from BharatNet Project for middle mile network – NER-II in Arunachal Pradesh, Nagaland and Manipur with a total worth of order value of Rs 1,901 crore. – positive

 

· Tamilnad Mercantile Bank: The company revised MCLR to 9.5% from 9.6% effective May 7. – positive

 

· GMDC: The company signed a long-term supply agreement with City Gold Pipes for supply of limestone to get the supply of 150 MT limestone over a period of 40 years from Kutch. – positive

 

· Cyient: The company appointed Sukamal Banerjee as CEO and Prabhakar Atla as CFO. – positive

 

· NLC India: A company unit signed a power purchase agreement for solar power project with Rajasthan Rajya Vidyut Utpadan Nigam. – positive

 

· Adani Power- The Uttar Pradesh Cabinet on Tuesday approved a deal between the state discom and Adani Power Ltd. to purchase power from a 1,600-megawatt thermal plant to be set up. The deal involves setting up a 2×800 MW ultra-supercritical technology-based greenfield thermal power plant in UP, which will deliver electricity to the state for 25 years.

 

· Patel Engineering – Company gets order worth of Rs 1320cr from CIDCO for construction of Kondhane Dam – Positive

 

· KPIT Tech – Company has approved the 100% acquisition of four Caresoft entities for a total consideration of $191 million. This strategic move is expected to enhance KPIT Technologies’ capabilities and expand its market presence. – Positive

 

· Techno Electric and Engineering – Company has incorporated a wholly-owned subsidiary named Techno Digital Infra. This new entity is part of an investment plan valued at $1 billion. The initiative aims to bolster digital infrastructure and support technological advancements – Positive

 

· Swiggy – Company has granted Kouzina an exclusive license to scale its food brands. Over time, Swiggy will transfer ownership of these brands to Kouzina. The food brands involved in this agreement include The Bowl Company, Homely, Soul Rasa, and Istah – Positive

 

· Paras Defense & Space – Company announces joint venture with Heven, a leading global drone innovator – Positive

 

· Shilpa Medicare – Company gets GMP approval from European Medicine Agency – Positive

 

· HUDCO – Company as announced that it will raise up to Rs 2,190 crore through the issuance of Non-Convertible Debentures on a private placement basis. This move is part of HUDCO’s strategy to secure funding for its various projects and initiative – Positive

 

· Readymix Construction(BSE) – Company bags order worth of Rs 44.3cr for new plants – Postive

 

· Apollo Tyres – Company buys 3.43% stake in Green Infra Wind Power Projects(GIWPPL) and currently holds a total of 21.27% in GIWPPL – Positive

 

· Kajaria Ceramics – Company has approved the discontinuation of its Kajaria Plywood operations and decided to withdraw its proposed investment of ₹30 crore in the unit – Positive

 

· Sterlite Technologies – Company has entered into an agreement with the Centre for Development of Telematics to demonstrate India’s first Quantum Key Distribution transmission. This collaboration aims to showcase advanced secure communication technologies, leveraging quantum mechanics to enhance data security. – Positive

 

· Gujarat Themis Biosyn – Company has commenced commercial production at its Active Pharmaceutical Ingredient plant in Gujarat. This marks a significant milestone for the company as it expands its manufacturing capabilities to meet growing demand in the pharmaceutical sector – Positive

 

· Yes Bank – Japan-based Sumitomo Mitsui Banking Corporation is in talks to acquire at least a 24% stake in Yes Bank. Sumitomo Mitsui Financial Group Inc., Japan’s second-biggest lender, is in talks to buy a significant minority stake in India’s Yes Bank Ltd

 

· Dividend – Kajaria Ceramics Rs4, Bank of Baroda Rs8.35 a share, Aptus Housing Rs2.5. Piramal Enterprises Rs11. HPCL Final dividend Rs11.50. BSE Rs23 (including special dividend Rs5)

 

· Filatex India has acquired 2cr equity Shares of face value of Rs.l each at a price of Rs. 10 each of Texfil Pvt, wholly olwned Subsidiary for an aggregate amount of ₹19.98 crore. – Long term positive

 

· CG Power Q4 Order Update – Order Intake At ₹3,824 Cr and unexecuted Order Backlog At ₹10,631 Cr – positive

 

· Polycab Q4 FY25– Topline, Ebitda and Ebitda margin ahead of expectation – Net Profit Rs726.6cr (up 33% YoY) – expectation Rs645cr, Revenue Rs6985.7cr (up 25% YoY) – expectation Rs6751.3cr, Ebitda Rs1025cr (up 34.6% YoY) – expectation Rs961cr and Ebitda Margin 14.7% vs 13.6% YoY – expectation 14.2%

 

· HPCL Q4 Ebitda and Ebitda margin ahead of expectation – improve GRM – GRM $5.74/bbl – expectation $5.5/bbl. Revenue down 0.5% (QoQ) at Rs 10.9 lakh crore – expectation Rs9.39 lakhcr, Net profit up 11% (QoQ) at Rs 3,355 crore – expectation Rs1470cr. Ebitda down 2.8% (QoQ) at Rs 5,804 crore – expectation Rs3580cr and Ebitda Margin at 5.3% versus 5.4%.(QoQ) – expectation 3.8%

 

· Sundaram Clayton Q4 FY25 reported impressive Ebitda margin. Net Profit Rs143.6cr (% YoY), Revenue Rs587cr (up 5.8% YoY), Ebitda Rs31.4cr (% YoY) and Ebitda Margin 5.4% vs 2.7% YoY

 

· Vedant Fashions Q4 FY25 – Lower than expected Ebitda and Ebitda margin. Net Profit Rs101cr (down 12.6% YoY) – expectation Rs113.5cr, Revenue Rs367.4cr (up 1.2% YoY) – expectation Rs384.4cr, Ebitda Rs165.6cr (down 5.3% YoY) – expectation Rs181cr and Ebitda Margin 45% vs 48% YoY – expectation 47.2%

 

· Kajaria Ceramics announce weak Q4 FY25 results. Net Profit Rs43cr (down 59% YoY), Revenue Rs1222cr (up 1.1% YoY) , Ebitda Rs138.4cr (down 20% YoY) and Ebitda Margin 11.3% vs 14.3% YoY

 

· JBM Auto impressive Q4 FY25 Ebitda and Ebitda margin. Net Profit Rs66.3cr (up 1 9% YoY), Revenue Rs1646cr (up 10.8% YoY), Ebitda Rs197cr (up 14.7% YoY) and Ebitda Margin 12% vs 11.5% YoY

 

· Bank of Baroda Q4 FY25 Net Profit Rs5048cr (up 3.2%YoY) – expectation Rs4900cr, Operating Profit Rs8130cr (up 0.2% YoY) – expectation Rs8390cr, NII Rs11019.6cr (down 6.6% YoY) – expectation Rs11660cr, GNPA 2.26% vs 2.43% QoQ – expectation 2.3%, Net NPA 0.58% vs 0.59% QoQ – expectation 0.6%, Provisional Rs1550cr (up 43% QoQ) – expectation Rs1500cr, Other Income Rs5210cr (up 24% YoY) – expectation Rs4570cr, Gross Slippages Rs 3159cr vs Rs 2915cr (QoQ)

 

· BSE Q4 Income and Net profit above expectation – Net Profit Rs493cr (up 360% YoY) – expectation Rs351.2cr, Revenue Rs847cr (up 75% YoY) – expectation Rs754.7cr. Operating Ebitda including Core SGF at Rs 593.6 crore versus Rs 95.7 crore (YoY) – expectation Rs396.8cr and Operating Ebitda margin including Core SGF (Settlement Guarantee Fund) at 70% versus 20% – expectation 52.6% – Excluding – Settlement Guarantee Fund

 

· Mahanagar Gas Q4 in line with expected Ebitda and Ebitda margin – Revenue up 5.7% (QoQ) to Rs 1,864.85 cror – estimate: Rs 1,828.5 crore, Net Profit up 12% (QoQ) to Rs 252.19 crore, estimate: Rs 258.2 crore, Ebitda up 20% (QoQ) to Rs 378.37 crore – estimate: Rs 375.4 crore and Ebitda Margin at 20.3% versus 17.9% – (QoQ) – estimate: 20.5%

 

· Paytm Q4 – Revenue below expectation while falling Ebitda loss – Revenue up 4.6% (QoQ) to Rs 1,911.5 crore – estimate: 2100cr, Net loss at Rs 544.6 crore versus loss of Rs 208.5 crore (QoQ) – Estimate: Loss of Rs110cr, One-time loss of Rs 522 crore in Q4, Ebitda loss at Rs 88.6 crore versus loss of Rs 222.4 crore (QoQ) – Estimate: Loss of Rs 140cr

 

· Godrej Consumer Q4 Ebitda and Ebitda margin marginally above expectation. Revenue up 6.2% (YoY) to Rs 3,598 crore – estimate: Rs 3,630.1 crore, Net profit to Rs 412 crore versus loss of Rs 1,893 crore – (YoY) – Estimate: Rs 512 crore, Ebitda up 0.4% (YoY) to Rs 759 crore – Estimate: Rs 734 crore and Ebitda Margin at 21.1% versus 22.3% – Estimate: 20.2%

 

· CG Power Q4 Net profit Rs272cr (up 16.2% YoY), Ebitda Rs347cr (up 22% YoY), Ebitda margin at 12.6% vs 13% (YoY) and Income Rs2753cr (up 25.6% YoY)

 

· Aadhar Housing announced stable Q4 results. Total income up 20.5% (YoY) to Rs 833.75 crore, Net Profit up 22% (YoY) to Rs 245.24 crore, Assets Under Management (AUM) up 21% (YoY) at Rs 25,531 crore. Gross NPA at 1.05% versus 1.08% (QoQ).

 

· Aptus Value Housing Finance announce stable Q4 results. Total Income up 24.7% (YoY to Rs 369.8 crore versus Rs 296 crore. Net profit up 38.8% (YoY to Rs 169.6 crore versus Rs 122 crore.

 

· Safari Industries announced weak Q4 results. Revenue up 15.2% (YoY to Rs 421.06 crore. Ebitda down 9% (YoY to Rs 60.85 crore, Ebitda Margin at 14.5% versus 18.3% (YoY). Net profit down 13% (YoY to Rs 37.59 crore.

 

· KEI Industries Q4 results – Ebitda and Ebitda margin ahead of expectation – Net Profit up 34.4% At ₹227 Cr Vs ₹168.5 Cr (YoY) – expectation Rs185.2cr. Revenue up 25% At ₹2,915 Cr Vs ₹2,330 Cr (YoY) – expectation Rs2647.8cr. EBITDA up 18% At ₹301.3 Cr Vs ₹255.2 Cr (YoY) – expectation Rs268.1cr and Ebitda Margin At 10.3% Vs 11% (YoY) – expectation 10.1%

 

· Piramal Enterprises Q4 Results – Net Loss ₹23.33 Cr Vs Profit Of ₹953.5 Cr (YoY), NII down 6.5% At ₹245 Cr Vs ₹262 Cr (YoY), Gross NPA Flat At 2.8% (QoQ) and Net NPA At 1.9% Vs 1.5% (QoQ)

 

· NSE Q4FY25 – Revenue down 13% (QoQ) at Rs 3,771 crore, Ebitda down 18% (QoQ) at Rs 2,790 crore, Ebitda margin 74% versus 78%(QoQ) and Net profit down 31% (QoQ) at Rs 2,650 crore

 

· EMudhra announced impressive Q4 results. Revenue up 6% ( QoQ) at Rs 149 crore versus Rs 141 crore, Net Profit up 13.8% ( QoQ) at Rs 24 crore versus Rs 21 crore EBIT up 21%( QoQ) at Rs 31 crore versus Rs 26 crore