In a highly volatile session on May 2, the Indian benchmark indices ended with marginal gains with Nifty around 24,350 level led by IT, media, oil & gas stocks.

At close, the Sensex was up 259.75 points or 0.32 percent at 80,501.99, and the Nifty was up 12.50 points or 0.05 percent at 24,346.70.

For the week, BSE Sensex rose 1.6 percent and Nifty50 added 1.2 percent.

03/05/25, I O C. Q4 RESULTS

 The shares of Indian Oil Corporation (IOC) gained nearly 4 percent on May 2 after the oil major reported strong results for the January-March quarter of the financial year 2024-2025. Indus Towers and Jindal Saw results however sent their shares down in the red sharply.

Indus Towers shares tumbled strongly by over 7 percent to close at Rs 378.60 apiece, while Jindal Saw ended the session nearly 2 percent lower at Rs 243.50 apiece.

Indian Oil Corporation on April 30 had reported a 50 percent year-on-year rise in standalone net profit to Rs 7,265 crore in Q4 FY25 on account of inventory gains and robust domestic sales. It had earlier reported a net profit of Rs 4,838 crore in the year-ago period.

The oil major's revenue from operations however fell to Rs 2.18 lakh crore during the quarter, from the Rs 2.20 lakh crore reported in the same period last year. Along with the , Q4 results IOC also announced a final dividend of Rs 3 per equity share for FY25.

02/05/25, stocks in news

 

Eternal Ltd: Eternal, which owns the Zomato and Blinkit brands, on Thursday reported a consolidated net profit of ₹39 crore for the fourth quarter ended March.

The online platform also announced that it was shutting its Zomato Quick and Everyday businesses.

The company, which rebranded itself from Zomato to Eternal in March, had reported a net profit of ₹175 crore in the year-ago period.

The filing showed that Eternal's revenue from operations in the January-March quarter stood at ₹5,833 crore against ₹3,562 crore a year ago.

Adani Enterprises: Adani Enterprises Ltd, the flagship company of the billionaire Gautam Adani's group, on Thursday reported a 7.5x jump in its fourth quarter net profit on the back of a one-time gain from stake sale in consumer goods venture, and strong growth in solar manufacturing and airports.

Net profit of ₹3,845 crore in January-March - the fourth quarter of April 2024 to March 2025 fiscal year - compared with ₹450.58 crore earnings in the same period a year back, according to a company statement.

The profit rise was helped by a ₹3,286 crore gain made from the sale of stake in Wilmar.

After adjusting for one-time gains from the Wilmar stake sale, the net profit came to ₹1,313 crore.

Adani Ports and Special Economic Zone (APSEZ): The company on Thursday reported a 50% jump in its March quarter net profit and issued a higher year-on-year revenue growth forecast for the current fiscal, citing a strong growth in port volumes and a robust rise in logistics business.

Net profit of ₹3,025 crore in January-March - the fourth quarter of April 2024 to March 2025 fiscal year - compared with ₹2,015 crore earnings in the same period a year back, the company said in a statement.

Cargo handled by APSEZ-operated 15 ports soared 8 % to 118 million tonnes in Q4 and by 7 % to 450 million tonnes in the full fiscal (2024-25).

Mahindra & Mahindra: Mahindra & Mahindra Ltd on Thursday reported a 19 % year-on-year increase in overall auto sales to 84,170 units in April 2025.

In the passenger vehicles segment, the company said its utility vehicle sales surged 28 % to 52,330 units in the domestic market last month against 41,008 units in the year-ago period, up 28 %.

Domestic sales for commercial vehicles stood at 22,989 units, M&M said in a regulatory filing.

Maruti Suzuki India: Maruti Suzuki India on Thursday reported a 7 % increase in total sales to 1,79,791 units in April.

The company sold a total of 1,68,089 units in the same month last year, Maruti Suzuki India (MSI) said in a statement.

Its total domestic passenger vehicle sales rose marginally to 1,38,704 units compared to 1,37,952 units in the year-ago month, it added.

Sales of mini-segment cars, comprising Alto and S-Presso, dropped to 6,332 units against 11,519 units in April last year.

TVS Motor Company: TVS Motor Company on Thursday said its overall sales rose 16 % year-on-year to 4,43,896 units in April.

The company sold 3,83,615 units in April 2024.

The total two-wheeler registered a growth of 15 % in sales, increasing from 3,74,592 units in April 2024 to 4,30,330 units in April 2025, the company said in a statement.

Domestic two-wheeler sales increased 7 % year-on-year to 3,23,647 units last month as compared with 3,01,449 units in the year-ago period.

Eicher Motors: on Thursday said its arm VE Commercial Vehicles Ltd posted a 27.3 % increase in total sales at 6,846 units in April 2025 as compared to the same month last year.

VE Commercial Vehicles (VECV), a joint venture of the Volvo Group and Eicher Motors, had sold 5,377 units in April 2024, Eicher Motors said in a regulatory filing.

April 2025 sales included 6,717 units of the Eicher brand and 129 units of the Volvo brand, it added.

Besides this, Royal Enfield on Thursday said its overall sales increased 6 % year-on-year to 86,559 units in April.

The company sold 82,043 units in April last year.

Domestic dispatches to dealers stood at 76,002 units last month, an increase of 1 %, as compared with 75,038 units in April last year.

JSW Energy: JSW Energy on Thursday said its subsidiary JSW Neo Energy Ltd has signed an agreement with Uttar Pradesh Power Corporation Ltd for the procurement of pumped hydro energy storage.

"JSW Neo Energy has signed a pumped hydro storage power procurement agreement (PHSPPA) with Uttar Pradesh Power Corporation Ltd. (UPPCL) for procurement of 1,500 MW / 12,000 MWh of pumped hydro energy storage," the company said.

The PHSPPA is for the supply of energy storage capacity for 40 years, where the company will be entitled to receive a fixed capacity charge of ₹77.2 lakh per MW per annum.

Tata Motors: Tata Motors Ltd on Thursday reported a 6.1 % decline in overall sales to 72,753 units in April 2025.

The company posted the total sales at 77,521 units during April 2024.

Total domestic sales were down 7 % to 70,963 units last month as compared to 76,399 units in April 2024, Tata Motors said in a regulatory filing.

Hyundai Motor India: Hyundai Motor India on Thursday said its total sales declined 5 % year-on-year to 60,774 units in April.

The company's sales stood at 63,701 units in April last year.

The automaker said its domestic and export sales stood at 44,374 and 16,400 units, respectively, last month.

The company had sold 50,201 units in the domestic market and 13,500 units in overseas regions in April 2024.

The company has also crossed the 9 million cumulative sales mark in India since 1996, it added.

Sundram Fasteners: Auto-component maker Sundram Fasteners Ltd reported a standalone net profit of ₹134.37 crore for the January-March 2025 quarter, driven by strong financial discipline and best practices in quality management and automation, a top official said.

Dixon Technologies: Electronics manufacturing services company Dixon Technologies has entered into a joint venture agreement with Taiwanese IT hardware giant Inventec Corporation for manufacturing personal computers, components, and serve₹in India.

The joint venture, Dixon IT Devices Private Limited, will focus on manufacturing notebook PC products, desktop PC products, including components, and serve₹within India, according to a regulatory filing.

Indus Towers, the telecom infrastructure company, on Wednesday, April 30, reported a net profit of ₹1,779 crore for the March quarter (Q4 FY25), registering a decline of 4% year-on-year.

The revenue for the just-ended quarter came in at ₹7,727 crore, up 7.4% year on year.

Federal Bank: Federal Bank reported a 13.7% increase in its net profit at ₹1,030.23 crore for the January to March quarter as compared to ₹906.20 crore seen in the same quarter last fiscal year.

The bank's net interest income during the period grew 8.3% to ₹2,377.4 crore as against ₹2,195.2 crore year-on-year (YoY).

The net interest income (NII) is one of the key metrics to assess a banking or financial entity's financial performance.

JSW Infra: JSW Infrastructure on Wednesday, April 30, declared a 19% year-on-year (YoY) fall in its standalone net profit to ₹84.86 crore in the March quarter of FY25. Its net profit stood at ₹104.70 crore in the corresponding period a year ago.

Coromandel International: Agrochemicals major Coromandel International, on Wednesday, reported a consolidated net profit of ₹578.46 crore for the fourth quarter of FY25, marking a significant over 3-fold jump from ₹163.92 crore in the same quarter last year.

Total income for the fourth quarter stood at ₹5,114.34 crore, reflecting a 28.72% increase compared to ₹3,996.25 crore in the corresponding period of FY24. The company's total expenses also rose to ₹4,714.65 crore, up from ₹3,764.40 crore, indicating higher costs amid increased activity and expansion initiatives.

Bandhan Bank: Bandhan Bank on Wednesday, April 30, reported a more than five-fold increase in its net profit for the quarter ended March 31, 2025 (Q4 FY25), at ₹318 crore, compared to ₹55 crore logged in the year-ago period.

The surge in profit was driven by lower provisions despite a decline in net interest income (NII). NII is the difference between the interest earned and the interest expended.

NII is one of the key metrics to assess a banking or financial entity's financial performance.

Paras Defence: Paras Defence and Space Technologies reported a consolidated net profit of ₹19.72 crore for the quarter ended March 31, 2025 (Q4 FY25) on Wednesday, April 30. This translates to an increase of 97.79% year-on-year (YoY) against the ₹9.97 crore profit logged in the year-ago period.

Revenue from operations came in at ₹108.23 crore, up 35.8% from ₹79.69 crore registered in the corresponding period of the previous fiscal year.

Indian Oil: Indian Oil Corporation (IOC) reported a 152% increase in its standalone net profit at ₹7265 crore for the quarter ending March 31, 2025. The company had reported a net profit of ₹2873.5 crore in the previous quarter of the financial year 2024-25.

The oil firm's revenue from operations, however, grew marginally to ₹2.17 lakh crore from ₹2.16 lakh crore quarter-on-quarter (QoQ).

02/05/25, The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open flat on Friday, despite positive global market cues.

 The trends on Gift Nifty indicate a muted start for the Indian benchmark index. The Gift Nifty was trading around 24,430 level, a premium of nearly 12 points from the Nifty futures' previous close.

The Indian stock market was closed on Thursday, 1 May 2025, on account of Maharashtra Day holiday.

On Wednesday, the domestic equity market ended marginally lower, with the benchmark Nifty 50 holding the 24,300 level.

The Sensex fell 46.14 points, or 0.06%, to close at 80,242.24, while the Nifty 50 settled 1.75 points, or 0.01%, lower at 24,334.20.

Sensex Prediction

Sensex is consistently facing selling pressure near the 80,500 resistance zone, and it also formed a double top pattern on intraday charts on Wednesday, which supports temporary weakness from the current levels.

"We believe that as long as Sensex trades below 80,500, the weak sentiment is likely to continue. On the downside, the index could retest the 79,300 level. Further downward movement may also continue, potentially dragging the index to 79,000. On the flip side, a dismissal of the 80,500 level could change the sentiment. Above this level, Sensex could move up to 81,000 - 81,300," said Shrikant Chouhan, Head Equity Research, Kotak Securities.

Nifty OI Data

Nifty Open Interest (OI) data shows the highest concentration on the call side at the 24,400 and 24,500 strike prices, suggesting strong resistance levels at these points. On the put side, significant OI build-up is seen at the 24,300 and 24,200 strike prices, marking these levels as key support zones, said Hardik Matalia, Derivative Analyst at Choice Broking.

Nifty 50 Prediction

Nifty 50 ended flat on April 30 at 24,334, forming a small bearish-bodied candle with a long upper and lower wick on the daily chart, indicating indecision in the market and a tug-of-war between bulls and bears.

"Technically, Nifty 50 formed a doji candle on the daily chart, suggesting uncertainty at higher levels, with immediate resistance at 24,460, while the 200-Day Simple Moving Average around 24,050 will act as key support, followed by 23,850. If Nifty 50 sustains above 24,460, then the rally could extend towards the 24,800 - 24,850 levels," said Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd.

Bajaj Broking Research expects the Nifty 50 to extend consolidation going ahead in the range of 24,550 - 23,800, with 23,800 being the confluence of last week's low and recent breakout area and 24,550 is the 61.8% retracement of the entire decline (26,277 - 21,744).

"We believe the current consolidation will help the Nifty 50 index work off the overbought condition developed after the recent strong rally. Stock specific action will continue to remain in focus as we progress through the Q4 earnings season. Volatility is expected to stay elevated due to ongoing geopolitical tensions, developments related to tariffs, and the unfolding Q4 earnings season and major US economic data points," said the broking house.

VLA Ambala, Co-Founder of Stock Market Today, highlighted that the Nifty 50 closed above its 20-month EMA (Exponential Moving Average), which is seen as an essential support level for mid-term investors.

"From the technical perspective, Nifty formed a Doji Star candlestick pattern during the last session and has traded in a narrow range for eight consecutive sessions. This pattern suggests that we could see a movement of 2% to 3.5% in the coming two weeks. In this situation, I advise traders to have a neutral trading view," Ambala said.

Amidst these market developments, she expects Nifty 50 to gain support near 24,200 and 24,000 and meet resistance near 24,560 and 24,700.

Bank Nifty Prediction

Bank Nifty index declined 304.10 points, or 0.55%, to close at 55,087.15 on Wednesday, forming a bear candle on the daily chart.

"Bank Nifty formed a bear candle with a lower high and lower low signaling profit booking for the second session in a row after Monday's strong up move. A sustained move above the recent high of 56,098 could trigger further upside toward the 56,800 levels in the coming sessions. However, if the Bank Nifty index fails to surpass this level, the index is likely to extend the last 5 sessions consolidation within the 54,000 - 56,000 range, helping to ease the overbought conditions created by the recent sharp rally," said Bajaj Broking Research.

On the downside, key support is seen between 54,000 - 53,500, which corresponds to the gap-up region and the previous significant breakout zone, it added.

According to Hrishikesh Yedve, the Bank Nifty index has formed a red candle following a shooting star, indicating underlying weakness.

"On the upside, 56,000 will act as a stiff hurdle for the index while on downside 54,450 will act as major support. A firm break below 54,450 could trigger a fresh round of selling pressure in the Bank Nifty index; however, until that support is decisively breached, the index is likely to remain in a consolidation phase within the 54,450 - 56,000 range," Yedve said.

source: Mint

30/04/25, market closed on 1/5/25

 Stock Market Open or Closed Tomorrow, May 1?

As per the NSE and BSE holiday calendar, both the stock exchanges will remain closed on Thursday, May 1. The exchanges NSE and BSE informed they will not conduct any trading or settlement in stocks, derivatives, or securities lending and borrowing (SLB) segments tomorrow.

MCX Holiday Tomorrow, May 1

Trading on the Multi Commodity Exchange (MCX) will remain closed for the morning session on Thursday i.e. from 9 am to 5 pm. However, MCX trading will start in the evening from 5 pm to 11:55 pm.

Stock Market Holidays 2025

Apart from the May 1 trading holiday, trading on NSE and BSE will remain closed on Independence Day on August 15 and Ganesh Chaturthi on August 27. Additionally, markets will remain closed on account of Mahatma Gandhi Jayanti and Dussehra on October 2, Diwali and Laxmi Pujan on October 21, Diwali Balipratipada on October 22, Prakash Gurpurb on November 5 and Christmas on December 25.

30/04/25, CRISIL, Rating and analytics firm CRISIL has reported a robust financial performance for the quarter ended 31 March 2025, demonstrating resilience amid varying economic conditions.

 

The company's net profit saw a significant year-on-year increase, while revenue growth and operational efficiencies contributed to expanded margins.

Financial Performance

For the fourth quarter of the fiscal year 2025 (Q4 FY25), CRISIL's consolidated net profit rose 16% to ₹159.8 crore. This compares favourably to a net profit of ₹137.7 crore recorded in the corresponding period last year (Q4 FY24). The results, reported on 30 April 2025, were supported by healthy revenue growth. Revenue for the March quarter stood at ₹813.2 crore, marking a 10.2% increase from the ₹737.7 crore reported in Q4 FY24.

Operational performance

Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) increased by 20.8% to ₹232 crore in Q4 FY25, up from ₹192 crore a year earlier. This growth outpaced revenue, leading to margin expansion. The EBITDA margin expanded to 28.5% in Q4 FY25, compared to 26% in the same period last year. This margin improvement is attributed to better cost control and robust demand for CRISIL's various services, including analytics, ratings, and risk management solutions. The results underscore CRISIL's ability to maintain growth momentum across its service lines, navigating a dynamic economic environment.

Management Commentary

CRISIL reported resilient performance across its businesses, supported by a customer-focused strategy and strong domain expertise. Despite rising global uncertainties, including tariff actions that may impact client budgets and discretionary spending, the company remains optimistic about growth. Its domestic operations are well-positioned to capitalize on emerging opportunities in the Indian economy. The company reaffirmed its focus on long-term value creation through continued investments in technology and talent development.

Dividend Recommendation

Alongside the financial results, CRISIL's board recommended an interim dividend of ₹8 per equity share.

Market Performance

Following the announcement, shares of CRISIL are trading on the NSE at ₹4,436.10, with a slight increase of 0.91%.

Conclusion

In summary, CRISIL's Q4 FY25 results reflect solid execution with strong growth in both profit and revenue, supported by enhanced operating efficiency and demand for its core services. While management remains mindful of global headwinds, the focus on domestic opportunities and strategic investments appears to be key pillars for future performance

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

30/04/25, Stock Market Today: The Benchmark Nifty-50 index, on a cautious note, ended almost flat (up 0.03%) at 24,335.95 on Tuesday. The Bank Nifty at 55,391.29 also ended marginally lower though metals, Pharma were key losers while IT index gained the most.

The Nifty 50 witnessed consolidation and rangebound trading on April 29, closing on a flat note after recording a 1.2 percent rally in the previous session. The index maintained a higher highs–higher lows formation, and all moving averages trended upward alongside an expansion in Bollinger Bands, despite the elevated VIX. However, the attempt to break out failed due to profit booking. According to experts, as long as the index defends the 24,300 level on a closing basis, it is likely to move upward toward 24,550, followed by 24,860, which remains a crucial hurdle. On the downside, key support is placed in the 24,100–24,000 zone.

 Trade Setup for Wednesday

Th consolidation may continue in the short term, especially as the Nifty 50 index has yet to give a decisive breakout above 24,550, where the 61.80% retracement level lies. On the lower end, support is placed at 24,250; a breach below this level could trigger increased selling pressure in the market, said Rupak De, Senior Technical Analyst at LKP Securities.

The index is expected to consolidate between 54,450 and 56,000 in the near term as per Asit C Mehta.

Levels For Nifty50:

Resistance based on pivot points: 24,425, 24,465, and 24,528

Support based on pivot points: 24,298, 24,258, and 24,195

The Nifty 50 formed a small red candle with an upper shadow on the daily charts, indicating selling pressure at higher levels and a failed upside breakout attempt near the 24,350–24,400 resistance zone. Despite this, the overall trend remains strong, with the index trading well above all key moving averages, all of which are trending northward. The Bollinger Bands continued to expand, suggesting heightened volatility. The Relative Strength Index (RSI) remained above 60, closing at 65.05, and the MACD sustained a positive crossover, remaining well above the zero line, further reinforcing bullish momentum.

Levels For Nifty Bank(55,391)

Resistance based on pivot points: 55,803, 55,967, and 56,233

Support based on pivot points: 55,271, 55,107, and 54,842

Resistance based on Fibonacci retracement: 56,307, 58,648

Support based on Fibonacci retracement: 54,117, 52,891

The Nifty Bank attempted to move toward its record high but failed to sustain those gains, forming a small bearish candlestick pattern with an upper shadow on the daily timeframe. This signaled selling pressure in the higher zone. The index closed down by 42 points. Despite the bearish candlestick, technical indicators remained strong. All exponential moving averages (EMAs) continued to trend upward, and the upper line of the Bollinger Bands expanded further, indicating a potential target near 57,000. The RSI stood at 70, and the MACD continued to move upward, reinforcing bullish undercurrents.

Global Markets and Q4 Results

The domestic market exhibited largely range-bound oscillation, as caution prevailed amid geopolitical concerns over border tensions. The sustained inflows from FIIs provided support to market sentiment and restricted further pessimism. Meanwhile, mixed Q4 results have raised the risk of downward revisions to FY26 projections. In combination with apprehensions surrounding potential retaliatory actions, these developments may lead to some consolidation in the near term, said Vinod Nair, Head of Research, Geojit Investments Limited.

Sstocks to buy today

Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for today. Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, suggested three stocks, while Shiju Koothupalakkal, Senior Manager - Technical Research, at Prabhudas Lilladher has given three stocks picks.

These Include Hindustan Aeronautics Ltd, Punjab Chemicals & Crop Protection Ltd, BEML Ltd, Infosys Ltd , Triveni Engineering & Industries Ltd, GlaxoSmithKline Pharmaceuticals Ltd , Shipping Corporation of India Ltd and Bharat Dynamics Ltd.

Sumeet Bagadia's stock picks

1.Hindustan Aeronautics Ltd- Bagadia recommends buying Hindustan Aeronautics (HAL) at ₹4610 keeping Stoploss at ₹4433 for a target price of ₹4930.

HAL urged by a remarkable 4.13% in Tuesday trade. The rally was backed by strong volumes and a sharp bullish candle, suggesting aggressive accumulation at lower levels. The counter has been on an strong uptrend since early March, marking a decisive breakout from a prolonged consolidation phase. A large bullish candle with strong range expansion underscores renewed investor confidence and robust momentum in the stock

2 Punjab Chemicals & Crop Protection Ltd - Bagadia recommends buying Punjab Chemicals at around ₹1080 keeping Stoploss at ₹1040 for a target price of ₹1160.

PUNJABCHEM, is currently trading at 1080, exhibits a strong uptrend, supported by its consistent position above key exponential moving averages (EMAs). Recent price action indicates a consolidation phase and showing strong signs of an impending breakout from its consolidation phase, and the technical indicators are aligning for a potential fresh upside rally.,

Ganesh Dongre's stocks to buy today

3. BEML Ltd- Dongre recommends buying BEML at around ₹3215 keeping Stoploss at ₹3150 for a target price of ₹3350.

In the short-term trend analysis, BEML is showing a strong bullish setup. On the daily chart, the stock has formed a Bullish Engulfing pattern, signalling a potential reversal after a recent correction. Additionally, BEML is sustaining above its short-term moving averages, further strengthening the bullish view. Currently holding a crucial support at ₹3150, the stock presents a buying opportunity at ₹3215. Traders can look for an upside move towards ₹3350, keeping a stop-loss placed at ₹3215 to manage risk effectively.

4. Infosys Ltd- Dongre recommends buying Infosys at around ₹1495 keeping Stoploss at around ₹1465 for a target price of ₹1535.

Similarly, INFY Saw has also demonstrated a positive reversal on its daily chart. The stock has formed a Morning Star pattern on weekly chart, which is a reliable bullish reversal signal after a downward phase. INFY is respecting its 20-day EMA, suggesting that fresh buying interest is returning at lower levels. With a strong support zone around ₹1450-60, the stock is favorably positioned for a buy at ₹1495, aiming for a short target of ₹1560. A protective stop-loss should be maintained at ₹1465.

5. Triveni Engineering & Industries Ltd - Dongre recommends buying Triveni Engineering at around ₹418 keeping Soploss at around ₹408 for a target price of ₹435.

Triveni Engineering has exhibited a Hammer candlestick formation near its important support area, indicating that the recent selling pressure may have exhausted. The stock is also holding well above its 50-day EMA, adding further conviction to the bullish setup. With the current market price around ₹418 and support firmly placed at ₹408, a buying opportunity emerges for a potential move towards ₹435. Traders are advised to keep a stop-loss at ₹408 to safeguard against unexpected downside movements.

Shiju Koothupalakkal's intraday stocks for today

6. GlaxoSmithKline Pharmaceuticals Ltd (GLAXO)- Koothupalakkal recommends buying GLAXO at around ₹2902 keeping Target price of ₹3070 keeping Stop loss at ₹2845

The stock has once again taking support near the 2800 zone has indicated an optimistic move with a positive candle formation accompanied by decent volume participation to improve the bias and can expect for further upward move in the coming session. The RSI is well placed and having much upside potential visible, it can once again regain for another fresh round of momentum. With the chart technically maintained strong, we suggest to buy the stock for an upside target of 3070 level keeping the stop loss of 2845 level.

7. Shipping Corporation of India Ltd- Koothupalakkal recommends buying Shipping Corporation at around ₹182.67 Target: ₹194 Stop loss: ₹178

The stock has slowly and gradually picked up recently taking support near the important 50EMA zone at 173 level and currently with a bullish candle formation along with tremendous volume participation visible has improved the bias anticipating for a decent rise in the coming sessions. The RSI is steadily on the rise signifying strength and has indicated much upside potential from current rate to carry on with the positive move further ahead. With the chart technically looking good, we suggest to buy the stock for an upside target of ₹194 level keeping the stop loss of ₹178 level.

8. Bharat Dynamics Ltd- Koothupalakkal recommends buying BHARAT DYNAMICS at around ₹1536 for a target price of ₹1620 keping Stop loss at ₹1500.

The stock has indicated a clear breakout above the rising trend line zone at ₹1470 level with huge volume participation visible to strengthen the trend and has high probability for further strong upward move in the coming sessions. With the RSI maintained strong, we expect further rise in the stock having much upside potential from current rate to carry on with the positive move. With the chart looking good, we suggest to buy the stock for an upside target of ₹1620 keeping the stop loss of ₹1500 level.

source: Mint

29/04/25, Pakistan has claimed that three countries have supported Islamabad amidst tensions with India. After China and Turkey, Azerbaijan has also announced its support for Pakistan.

 

After the terrorist attack in Pahalgam on April 22, there are fears that India and Pakistan could go to war. While Iran and Saudi Arabia have talked to the leaders of both countries to reduce tensions, reports concerning China and Turkey suggest that they have provided Pakistan with lethal weapons. In addition to supplying weapons to Islamabad, China announced on Sunday that it will support Pakistan in "protecting its sovereignty and security interests."

The Chinese foreign ministry has stated that "this conflict is not in the fundamental interests of India and Pakistan, nor is it conducive to regional peace and stability. It is hoped that both sides will exercise restraint, work together, and help to calm the situation." Meanwhile, Pakistani journalists have claimed that Azerbaijan has also announced its support for Pakistan.

China, Turkey, and Azerbaijan have always stood by Pakistan, so it is not surprising that these three countries have come together to support Islamabad. Under the China-Pakistan Economic Corridor (CPEC), China has invested billions of dollars in Pakistan and fears that in the event of war, India may attack the ports built by China. India has also sent one of its aircraft carriers to the Arabian Sea, which could pose a threat to the Gwadar port. In addition, China has also supplied Pakistan with PL-15 missiles in emergency situations. Meanwhile, Pakistan has claimed that Turkey has delivered six aircraft to Pakistan, five of which landed in Islamabad and one in Karachi.

Turkey also sells weapons to Pakistan. Pakistan has purchased MILGEM-class warships from Turkey. On the Kashmir issue, Turkey has openly supported Pakistan.

Azerbaijan received open support from Turkey during the 2020 Nagorno-Karabakh war, while Pakistan also continues to support Azerbaijan. Military cooperation between Pakistan and Azerbaijan has also increased in recent days. Both countries are strengthening their ties through arms deals as well as military exercises.

According to Indian security expert Sushant Sareen, India's friends and enemies have identified themselves and has named China, Turkey, and Azerbaijan to be on Pakistan's side. He expressed pessimism over the stance taken by the USA, the European Union, the UK, and India's long-time friend and ally Russia. However, he has expressed hope that at least Israel will support India.

source: India.com

28/04/25, The Nifty settled above the 24,300 level. Barring the IT index, all the sectoral indices on the NSE were ended in green, with Oil & Gas, PSU bank and pharma shares gaining the most.

--------------------------

As per provisional closing, the barometer index, the S&P BSE Sensex, zoomed 1,005.84 points or 1.27% to 80,218.37. The Nifty 50 index soared 298.75 points or 1.20% to 24,328.50.

In the broader market, the S&P BSE Mid-Cap index gained 1.34% and the S&P BSE Small-Cap index rose 0.39%.

The market breadth was positive. On the BSE, 1,961 shares rose and 2,034 shares fell. A total of 184 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, slipped 1.26% to 16.94.

Economy:

India's foreign exchange reserves rose by $8 billion to a six-month high of $686 billion in the week ended April 18 on the back of a rise in gold reserves and foreign currency assets, the latest data by the Reserve Bank of India (RBI) showed.

Foreign currency assets increased by $3.5 billion in the previous week. The rupee appreciated by 0.8% during the week.

Gold reserves increased by $4.5 billion during the week.

The special drawing rights (SDRs) were up $212 million to $18.5 billion. India's reserve position with the International Monetary Fund (IMF) was also up by $7 million to $4.5 billion in the reporting week.

IPO Update:

The initial public offer of Ather Energy received bids for 77,76,852 shares as against 5,33,63,160 shares on offer, according to stock exchange data at 15:25 IST on 28 April 2025. The issue was subscribed 0.15 times.

The issue opened for bidding on 28 April 2025 and it will close on 30 April 2025. The price band of the IPO is fixed between Rs 304 and Rs 321 per share. An investor can bid for a minimum of 46 equity shares and in multiples thereof.

Ather Energy, incorporated in 2013, is an Indian electric two-wheeler (E2W) company engaged in the design, development, and in-house assembly of electric scooters, battery packs, charging infrastructure, smart accessories, and supporting software systems.

Buzzing Index:

The Nifty Oil & Gas index rallied 3.18% to 11,132.10. The index slipped 1.53% in the past two consecutive trading sessions.

Reliance Industries (up 5.27%), Bharat Petroleum Corporation (up 4.92%), Mahanagar Gas (up 4.17%), Indraprastha Gas (up 4.16%), Hindustan Petroleum Corporation (up 3.1%), Castrol India (up 3.02%), Adani Total Gas (up 2.9%), Oil & Natural Gas Corpn (up 1.6%), Oil India (up 1.45%) and GAIL (India) (up 1.42%) added.

Reliance Industries (RIL) rallied 5.27% after the company's consolidated profit after tax and share of profit/(loss) of associates & JVs increased by 6.4% year-on-year to Rs 22,611 crore in Q4 March 2025 over Q4 March 2024.

During the quarter, RIL's gross revenue increased by 8.8% Y-o-Y to Rs 288,138 crore, while EBITDA increased by 3.6% Y-o-Y to Rs 48,737 crore. EBITDA margin contracted by 90 basis points Y-o-Y and by 1.1% quarter-on-quarter to 16.9%.

Meanwhile, RIL's board approved raising up to Rs 25,000 crore through issuance of listed, secured/unsecured, redeemable non-convertible debentures, in one or more tranches, on private placement basis. It also recommended a dividend of Rs 5.50 per equity share for the financial year ended 31 March 2025.

Further, the board approved acquisition of 100% equity stake of Kandla GHA Transmission Limited ("KGTL"), from PFC Consulting Limited ("PFCCL"), for an aggregate consideration not exceeding Rs 20 crore. This is in accordance with the terms of the tender awarded to the company, for establishment of turnkey construction of 765/400kV GIS substation at Kandla including transformers and reactors, 765kV transmission lines between Halvad and Kandla, 765kV Bay extension at Halvad and STATCOM. Post acquisition, KGTL will become a wholly owned subsidiary of the company. KGTL was incorporated in India on 27 November 2024 and is yet to commence commercial operations.

The said investment will enable the company to execute the Independent Transmission Project (ITP) "Transmission System for Supply of Power to Green Hydrogen / Ammonia manufacturing potential in Kandla area of Gujarat (Phase-I: 3 GW)".

Stocks in Spotlight:

Mangalore Refinery & Petrochemicals (MRPL) slipped 1.17% after the company reported 68.05% decline in standalone net profit to Rs 363.14 crore in Q4 FY25 as against Rs 1,136.84 crore posted in Q4 FY24. Revenue from operations (excluding excise duty) declined 2.89% YoY to Rs 24,595.87 crore in the quarter ended 31 March 2025.

IDBI Bank advanced 2.70% after the bank's standalone net profit jumped 25.95% to Rs 2,051.18 crore on 14.56% rise in total income to Rs 9,035.29 crore in Q4 FY25 over Q4 FY24.

RBL Bank soared 10.25% after the bank reported a reduction in its gross non-performing assets (GNPA) and net non-performing assets (NNPA) ratios in Q4 March 2025.

The private lender's standalone net profit tumbled 80.52% to Rs 68.70 crore in Q4 FY25 as against Rs 352.64 crore posted in Q4 FY24. Total income increased 6.19% year on year (YoY) to Rs 4,475.60 crore in the quarter ended 31 March 2025.

IDFC First Bank rose 0.48%. The bank reported 58.02% decline in standalone net profit to Rs 304.08 crore in Q4 FY25 as against Rs 724.35 crore posted in Q4 FY24. Total income during the quarter increased 14.67% YoY to Rs 11,308.35 crore.

Rossari Biotech shed 0.97%. The company's consolidated net profit rose marginally to Rs 34.44 crore in Q4 FY25 as against Rs 34.13 crore posted in Q4 FY24. Revenue from operations jumped 22.60% to Rs 579.56 crore in the fourth quarter of FY25 as against Rs 472.72 crore posted in the corresponding quarter last year.

SML Isuzu hit a lower limit of 10% after Mahindra & Mahindra announced plans to acquire a 58.96% stake in the company at Rs 650 per share, aggregating to Rs 555 crore.

Mahindra & Mahindra (M&M) entered into an agreement with the Sumitomo Corporation, Japan, and SML Isuzu for acquiring 63,62,306 equity shares, representing 43.96% of the equity share capital of SML Isuzu. The share would be acquired at Rs 650 apiece and the aggregate consideration for the same would be Rs 413.55 crore. M&M has also inked an agreement with Isuzu Motors, Japan, for acquiring 21,70,747 equity shares (representing 15% stake in SML Isuzu) for a total consideration of Rs 141.10 crore.

In addition M&M launched an obligatory open offer to acquire up to 26% stake of SML Isuzu from eligible public shareholders. The shares would be acquired at Rs 1,554.60 per share, which is at a discount of 12.01% to the scrip's previous close of Rs 1,766.70, dampening investor sentiment and triggering a sell-off.

UGRO Capital fell 1.22%. The company reported 24.04% jump in standalone net profit to Rs 40.55 crore in Q4 FY25 as against Rs 32.69 crore posted in Q4 FY24. Total income increased 24.83% YoY to Rs 412.44 crore in the quarter ended 31 March 2025.

Tejas Networks slumped 13.05% after the company reported a consolidated net loss of Rs 71.80 crore in Q4 FY25 as against a net profit of Rs 146.78 crore posted in Q4 FY24. Total revenue from operations soared to Rs 1,906.94 crore in Q4 FY25 from Rs 1,326.88 crore recorded in the corresponding quarter the previous year.

Bank of Maharashtra rose 1.64% after the bank reported a standalone net profit of Rs 1,493.08 crore in Q4 FY25, registering a growth of 22.61% as against Rs 1,217.67 crore posted in Q4 FY24. Total income jumped 18.85% to Rs 7,711.44 crore in the fourth quarter of FY25 as against Rs 6,488.25 crore posted in the corresponding quarter the previous year.

Lloyds Metal and Energy slumped 3.20% after the company's consolidated net profit fell 27.1% to Rs 201.88 crore on 23.49% decline in revenue from operations to Rs 1,182.66 crore in Q4 FY25 over Q4 FY24.

Indian Railway Finance Corporation (IRFC) declined 1.17% after the company's net profit fell by 2.06% to Rs 1,681.87 crore in Q4 FY25 as against Rs 1,717.32 crore posted in Q4 FY24. Total revenue from operations rose by 3.83% year on year (YoY) to Rs 6,722.83 crore in the quarter ended 31 March 2025.

Zensar Technologies added 2.66% after the company's consolidated net profit jumped 10.39% to Rs 176.4 crore on 2.51% increase in revenue from operations to Rs 1358.9 crore in Q4 FY25 over Q3 FY25.

Global Markets:

European markets surged on Monday, as investors brace for a slew of major earnings and data releases both in Europe and the U.S. this week.

Asian markets ended mixed as investors assessed China's promises to support domestic businesses as well as developments in trade negotiations between the U.S. and countries in the region.

Over the weekend, China's finance minister, Lan Fo'an, tried to play economic cheerleader, promising that Beijing would roll out "more proactive macroeconomic policies" to hit its full-year growth targets - and, by extension, lend a helping hand to the global economy's recovery efforts.

More details could be just around the corner, with Chinese authorities scheduled to host a press conference later today.

Meanwhile, trade tensions are back in the spotlight. Investors are watching developments between the U.S. and its trading partners closely after President Donald Trump, according to the media, suggested he's not keen on hitting the brakes on his "reciprocal tariffs" strategy anytime soon.

Over on Wall Street, optimism made a small comeback on Friday. Tech stocks led the charge, pushing most major indexes higher. The S&P 500 wrapped up the day with a solid 0.74% gain, the Nasdaq jumped 1.26%, and even the lagging Dow Jones managed a tiny 0.05% uptick. Meanwhile, the dollar posted its first weekly rise in over a month, as traders hunted for any clue that the U.S.-China economic standoff might be losing steam.

source: DIlyhunt 

28/04/25, Stocks to watch

 

Shares of IRFC, Ultratech Cement, Adani Green, Adani Total Gas, TVS Motor are likely to be in the focus as these companies are set to announce their Q4 results

Reliance Industries

Reliance has posted a robust fourth-quarter profit, with its bottom line increasing by 2% year-on-year (YoY) to ₹19,407 crore, surpassing the Street's expectation of ₹18,471 crore.

IDFC First Bank posted a 58% year-on-year decline in its standalone net profit for the March quarter, reaching ₹304 crore compared to ₹724 crore in the same period last year.

India Cements reported a consolidated net profit of ₹19 crore for the quarter ending in March, compared to a loss of ₹50 crore in the same period last year.

Hindustan Zinc, a subsidiary of the Vedanta group, plans to venture into potash mining and is targeting a block in Rajasthan that is also likely to contain lithium reserves.

The company has secured a work order valued at ₹90.08 crore from the Institute of Road Transport.

L&T Finance

L&T Finance reported a 15% year-on-year increase in net profit, totaling ₹636.2 crore in Q4, up from ₹553.9 crore in the same quarter last year.

GAIL

GAIL and CONCOR have signed a Memorandum of Understanding (MoU) to explore the use of Liquefied Natural Gas (LNG) as an alternative fuel for the logistics industry.

On July 1, 2024, JSW Steel Coated Products (JSWSCPL), a subsidiary of the company, submitted a resolution plan as part of the corporate insolvency resolution process for Colour Roof India. The Committee of Creditors has approved the plan and recognized JSWSCPL as the successful resolution applicant.