Latest news with #Nifty-50
Mint
5 hours ago
- Business
- Mint
Nifty 50 to reach 26,600 level by 2025-end; IT among top sectors that can create wealth: Achin Goel, Bonanza Group
Expert View: Achin Goel, PMS Fund Manager at Bonanza Group, believes that Nifty 50 can reach at 26,600 level by the end of 2025, helped by 11% EPS growth in Nifty-50 constituent companies. Furthermore, he expects the FII to remain bullish on the Indian stock market as India's solid economic growth and ongoing reforms will mitigate geopolitical risks and maintain strong foreign investor interest. Edited excerpts: India's strong macroeconomic fundamentals are acting as a powerful tailwind for the equity markets. We're seeing a combination of high GDP growth, strong tax collections, manageable inflation, and consistent government capital expenditure—all of which are laying a solid foundation for sustainable earnings growth. From an investor's perspective, this kind of macro stability builds confidence. For example, a disciplined fiscal approach and RBI's measured monetary policy help keep inflation and interest rate volatility in check, which is crucial for long-term equity flows, especially from institutional investors. Moreover, the government's emphasis on infrastructure, manufacturing through PLI schemes and digital public infrastructure is accelerating a multi-sector capex cycle. This directly benefits sectors like capital goods, construction, banking and industrials. In addition, India's demographic dividend and rising middle class continue to support domestic consumption, which strengthens sectors such as FMCG, autos and retail. Put simply, strong macros don't just support the market—they help broaden the rally and deepen sectoral participation, making India one of the attractive investment destinations among emerging markets. The recent stellar run of the smallcap index, which has outperformed the Nifty 50 and large caps with gains like 6.87% in May 2025 and double-digit returns for many stocks, is driven by strong growth potential and renewed investor interest in sectors such as railways, defense, and financials. Smallcaps benefit from their higher growth prospects and are seen as attractive for medium-to long-term investors willing to tolerate higher risk. However, this rally comes amid significant challenges: Q4FY25 smallcap profits contracted by 19%, contrasting with midcap and largecap earnings growth. Earnings downgrades, government capex slowdowns, and sector-specific weaknesses—especially in cement, private banks, consumer, and auto sectors—have raised concerns about sustainability. Thus, while smallcaps offer compelling upside due to valuation discounts and sectoral tailwinds, the earnings misses and macro uncertainties warrant caution. Investors should balance the growth potential against heightened volatility and selectivity risks amid an uneven earnings backdrop. The outlook for Indian IT sector in FY26 appears challenging, primarily due to the impact of discretionary spending cuts in the US amid rising recessionary pressures. The US, which accounts for over half of India's US$190bn software exports, is experiencing a cautious consumer sentiment with many consumers planning to reduce spending on discretionary items. This cautiousness is exacerbated by tariffs imposed by the US administration, which have fueled inflation and heightened fears of a recession. Tariffs, which is not directly targeting IT services, but indirectly affect Indian IT companies as their clients in manufacturing, logistics and retail sectors face higher costs and uncertainty, leading to delayed projects and slower deal cycles. As a result, current scenario is marked by limited new outsourcing opportunities and pressure on margin due to pricing and limited rupee depreciation benefits. However, Indian IT companies specialising in AI, Gen AI and cloud services are poised for robust growth, driven by rapid digital transformation and increasing adoption of AI-as-a-Service and hybrid cloud models. US companies, facing recessionary pressures are intensifying cost optimization efforts by prioritizing scalable, efficient cloud solutions and AI deployments that reduce operational expenses while enhancing productivity. This focus on cost efficiency is influencing Indian IT firms to offer optimized cloud and AI services that align with US clients' budget-conscious strategies. Defence and railway stocks have shown a notable upward movement recently, fueled by strong government initiatives and strategic sectoral developments. Defence stocks are signaling a potential turnaround after previous corrections, supported by India's aggressive push for indigenisation and export growth. Further, Operation Sindoor has significantly boosted investor interest defence stocks, as some of the stocks rising up to 35% shortly after the conflict began. The surge reflects expectations of increased defence spending, replenishment of military inventories and export opportunities driven by India's demonstrated indigenous military strength and technological edge. Meanwhile, railway stocks also rallied strongly on the back of a significant capex push, with government budget allocations of Rs.2.62 lakh crore for railway capital spending in 2025–26 aimed at infrastructure upgrades and electrification projects. However, given the sustained government focus on modernization, 'Make in India' initiatives and technological adoption in both sectors, the upward trend appears poised to continue in the medium term, provided macroeconomic stability and policy continuity remain intact. The ₹ 43,400 crore promoter selloff in May warrants cautious interpretation rather than outright alarm. While the timing coincides with Nifty's 12% surge, this appears driven by liquidity dynamics rather than fundamental concerns. With FIIs and DIIs injecting Rs.80,000 crore, promoters are naturally stepping in to provide supply through block deals, as individual retail investors cannot facilitate large institutional purchases. However, the dichotomy between companies guiding strong growth while promoters dump shares at high valuations does raise questions about insider sentiment. Large-cap withdrawals such as InterGlobe ( ₹ 11,560 crore) and ITC-BAT ( ₹ 12,900 crore) may indicate portfolio rebalancing, while small and midcap promoter selling may be seen with caution and may warrant a deeper analysis. While not strictly a red warning, this pattern suggests that bulls should exercise greater caution given the current values. Many leading brokerages have recently upgraded their Nifty-50 target for the year 2025, reflecting a bullish outlook based on fundamental analysis. This optimism is driven by strong corporate earnings growth, robust economic indicators, and favourable monetary policy with 50bps rate cut by the RBI. FIIs have also turned net buyers amid a weakening dollar index and volatile US bond yields, further supporting market sentiment. On the above thesis, we are also expecting ~11% EPS growth in Nifty-50 constituent companies to reach to ~Rs.1,300 in FY26. On this basis, we are expecting Nifty-50 to reach at 26,600 level, a further upside of 6.5% by end of 2025. Foreign investors have shown renewed confidence in Indian markets, pumping in ₹ 4,223 crore in April followed by a record ₹ 19,860 crore in May 2025, marking the strongest inflows this year. This enthusiasm comes from a mix of positive factors: India's GDP growth surprised everyone with a strong 7.4% in the last quarter, the weakening US dollar made Indian assets more attractive and talks of a possible US–India trade deal have boosted long-term optimism. On top of that, policy changes like easing investment rules for Saudi Arabia's sovereign fund show India's commitment to welcoming foreign capital. While the near-term uncertainties such as geopolitical risks and rising US treasury yields may reverse this trend. However, India's solid economic growth and ongoing reforms will mitigate these risks and maintain strong foreign investor interest in the months ahead. Technology and IT services are top sectors for wealth creation, driven by digital transformation and AI adoption. Renewable energy and electric vehicles benefit from strong global sustainability trends and supportive policies. The pharmaceutical and healthcare sector offers consistent growth due to innovation and export opportunities. Infrastructure development is propelled by urbanization and government projects. Financial services and FinTech are growing through digital inclusion and financial deepening. Lastly, consumer goods thrive on rising middle-class consumption and rural market penetration. Diversifying across these sectors can help investors build and preserve wealth. As of early June 2025, the Indian rupee is stable, trading between ₹ 85.80 and ₹ 86 against the US dollar. It has strengthened slightly by 7 paise, helped by foreign money coming into the country and a soft approach by the RBI. The RBI surprised everyone by cutting the repo rate by 0.5% to 5.5%—its biggest cut in five years. It also reduced the CRR by 1%. This shows the RBI is confident because inflation in India has fallen to about 3.16% in May, which is low and manageable. A weaker US dollar, lower inflation in India, and cheaper oil prices have reduced India's import costs. This helps the economy since India imports a lot of oil and goods priced in dollars. Exporters, especially in IT and pharma, could benefit as their products become more competitive globally. However, their earnings in dollars may be worth less in rupees. Upcoming US job data could also affect how strong or weak the dollar remains and influence investment into countries like India. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
17 hours ago
- Business
- Mint
Stock market today: Trade setup for Nifty 50 to global markets; Eight stocks to buy or sell on Tuesday — 10 June 2025
Stock Market Today: The benchmark Nifty-50 index started new week on a positive note ending 0.4% higher at 25,103.20 on Monday. Bank Nifty also gained 0.46% in tandem to 56,839.60 level and most other sectors led by IT, Metals, Healthcare, oil & gas also ended with gains. In the broader indices mid and small caps gained up to 1.5%% For the Nifty-50 index, 25,000 would act as a sacrosanct support zone and as long as the market is trading above this level, the uptrend is likely to continue. On the higher side, it could move up to 25,350-25,400 while on the flip side, falling below 25,000 would render the uptrend vulnerable, said Shrikant Chouhan, Head Equity Research, Kotak Securities. For the Bank Nifty holding above the 56,100–56,200 breakout zone remains critical though a sustained move beyond 57,120 could open the path toward 57,700-57,900, said Om Mehra, Technical Research Analyst, SAMCO Securities. Financial stocks extended their rally in Indian markets, driven by the RBI's supportive aggressive policy of rate and CRR cut. These actions have boosted investor confidence and are expected to enhance liquidity in the near to medium term, especially in midcaps. The positive U.S. jobs data and renewed optimism over U.S.-China trade talks lifted global sentiment. Domestically even large caps expressed renewed momentum led by FIIs inflows, said Vinod Nair, Head of Research, Geojit Investments Ltd. 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 stock picks These include Sudarshan Chemical Industries Ltd, Skipper Ltd , NHPC Ltd, Bharat Heavy Electricals Ltd , ICICI Prudential Life Insurance Company Ltd, Bank of Maharashtra , Himatsingka Seide Ltd and Sarda Energy & Minerals Ltd Sudarshan Chemical Industries Ltd - Bagadia recommends buying Sudarshan Chemical Industries or SUDARSCHEM at around ₹ 1291.9 keeping Stoploss at ₹ 1240 for a target price of ₹ 1380 SUDARSCHEM is exhibiting strong bullish momentum, currently trading at an all-time high of 1300 levels. SUDARSCHEM surged nearly 8%, indicating firm buying interest throughout the session. SUDARSCHEM has convincingly broken past a multi-month consolidation zone, decisively crossing its resistance zone around ₹ 1,234. The price action indicates strength, with candles exhibiting a strong bullish body and minimal upper wick—suggesting buyers remained in control throughout the day. 2. Skipper Ltd - Bagadia recommends buying SKIPPER at around ₹ 524.8 keeping Stoploss at ₹ 505 for a target price of ₹ 560 SKIPPER is currently positioned at 524.8 levels, has shown robust upward momentum. The stock's showing an impressive turnaround on the charts, as the stock gears up for a fresh upside rally following a strong breakout from its earlier congestion zone. After spending past few sessions in a sideways to corrective phase, the counter has decisively crossed over multiple critical moving averages, indicating renewed bullish momentum 3. NHPC Ltd- Dongre recommends buying NHPC at around ₹ 90 keeping Stoploss at ₹ 87 for a target price of ₹ 97 In the latest short-term technical analysis, stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 90 and holding above a key support level at ₹ 87. This support zone serves as a critical point for risk management. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 87 to manage downside risk. The target for this trade is set at ₹ 97, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 4. Bharat Heavy Electricals Ltd or BHEL- Dongre recommends buying BHEL at around ₹ 258 keeping Stoploss at ₹ 250 for a target price of ₹ 270 Stock has exhibited a strong notable continue bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 258 and maintaining a strong support at ₹ 250. The technical setup indicates the potential for a price retracement towards the ₹ 270 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 250 offers a prudent approach to capturing the anticipated upside. 5. ICICI Prudential Life Insurance Company Ltd or ICICIPRULI - Dongre recommends buying ICICIPRULI at around ₹ 638 keeping Stoploss at ₹ 618 for a target price of ₹ 675. Stock is currently trading at ₹ 638 and appears to be in bullish zone for short term. A bullish reversal pattern has emerged on the daily chart, indicating a potential upmove. The critical support level lies at ₹ 618, which also acts as a key stop-loss point for this trade. With bullish cues signaling a possible retracement towards the ₹ 675 target, this setup provides a favorable entry opportunity for traders looking to capitalize on a technical rebound. 6. Bank of Maharashtra - Koothupalakkal recommends buying BANK OF MAHARASHTRA at around ₹ 56.85 for a target price of ₹ 62 keeping Stop loss at ₹ 55 The stock after recently witnessing a significant spurt has been consolidating for quite a while, with currently once again indicating a bullish candle formation on the daily chart with huge volume participation visible to improve the bias and anticipate for further rise in the coming sessions. The RSI has indicated strength and can carry on with the positive move further ahead. With the chart technically well positioned, we suggest buying the stock for an upside target of ₹ 62 level keeping the stop loss of ₹ 55 level. 7. Himatsingka Seide Ltd - Koothupalakkal recommends buying HIMATSINGKA SEIDE at around ₹ 154 for a target price of ₹ 164 keeping Stop loss at ₹ 150 The stock after witnessing a short period of correction has consolidated and stabilised near the ₹ 150 zone, with currently indicating a pullback with positive candle formation and moving past the important 50EMA level at ₹ 152 zone to improve the bias. The RSI is well positioned and indicating a positive trend reversal to signal a buy, there is much upside potential visible to carry on with the positive move further ahead. With the chart technically looking good, we suggest buying the stock for an upside target of ₹ 164 keeping the stop loss of ₹ 150 level. 8. Sarda Energy & Minerals Ltd- Koothupalakkal recommends buying SARDA ENERGY at around ₹ 449.50 for a target price of ₹ 480 keeping Stop loss at ₹ 440 The stock after the consolidation period has witnessed a positive candle development on the daily chart with decent volume participation visible improving the bias and can anticipate for further rise in the coming sessions. The RSI is well placed and indicating a buy signal has much upside potential visible from current rate. With the chart looking good, we suggest buying the stock for an upside target of ₹ 480 level keeping the stop loss of ₹ 440 level. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
2 days ago
- Business
- Mint
Stock market today: Trade setup for Nifty 50 to global markets; Eight stocks to buy or sell on Monday — 9 June 2025
Stock Market Today: During the week ending 6 June 2025, the benchmark Nifty-50 index managed to end at 25,003.0, up 1.0% week on week , primarily helped by favorable domestic cues. Bank Nifty also gained 1.4% to 56,578.40 levels while Realty, auto and even Metals were among other key gainers though IT in wake of unfavorable global cues was a key loser. The broader markets saw smart gains with mid and small caps rising between 2.8% and 4%. For the Nifty-50 index the 20-day SMA, around 24,800, will act as a trend decider level and above this level, the bullish formation is likely to continue, with 25,100 serving as the immediate resistance.. A successful breakout above 25,100 could push the market up to 25,400–25,500, and conversely below 24,800 the market may retest the 24,500/80600 level, as per Amol Athawale, VP-technical Research, Kotak Securities. For Bank Nifty the key support zones are around 56,000 and 55,500, above this the positive momentum could continue towards 57,200–57,700, added Athawale. Going forward, market participants will focus on key macroeconomic data for further cues. High-frequency indicators such as CPI inflation will be closely tracked to gauge demand trends and the central bank's next steps. Additionally, the progress of the monsoon and sowing patterns will be monitored due to their implications for rural consumption. On the global front, developments in trade negotiations and movements in U.S. bond yields will continue to influence investor sentiment. 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 stock picks These Include Infosys Ltd , ICICI Bank , CESC Ltd , Bajaj Finserv Ltd, Bharat Heavy Electricals Ltd, Poonawalla Fincorp Ltd, Fino Payemts Bank and Bajaj Housing Finance Ltd Infosys Ltd- Bagadia recommends buying Infosys or INFY at around ₹ 1568 keeping Stoploss at ₹ 1515 with a target price of ₹ 1660 INFY is currently trading at 1586, showing signs of stabilization after a sharp decline earlier in the year. The price action over the past few weeks has entered a narrow consolidation band, indicating a phase of base-building. This sideways movement, occurring after a pronounced downtrend, may be laying the groundwork for a potential reversal, though confirmation through stronger price follow-through is still awaited. 2. ICICI Bank Ltd - Bagadia recommends buying ICICIBANK at around ₹ 1460 keeping Stop loss at ₹ 1400 with a target price of ₹ 1575 ICICIBANK is currently trading at 1460 and is showing signs of strength after retesting its all-time high zone. The stock has been consolidating in a narrow range near its lifetime highs, indicating healthy digestion of prior gains and suggesting that market participants are not rushing to book profits. This consolidation near the peak levels generally acts as a continuation pattern, with a potential breakout likely to propel the stock into uncharted territory 3. CESC Ltd - Dongre recommends buying CESC at around ₹ 168 keeping Stoploss at ₹ 160 for a target price at around ₹ 183 Stock has exhibited a strong notable continue bullish pattern, offering another promising opportunity for short-term traders. The stock is currently priced at ₹ 168 and maintaining a strong support at ₹ 160. The technical setup indicates the potential for a price retracement towards the ₹ 183 level. With the stock reversing from a support base and showing signs of renewed strength, entering at the current market price with a stop-loss at ₹ 160 offers a prudent approach to capturing the anticipated upside. 4. Bajaj Finserv Ltd- Dongre recommends buying BAJAJFINSV at around ₹ 1992 keeping Stoploss at around ₹ 1950 for a target price of ₹ 2100 In the latest short-term technical analysis, stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 1992 and holding above a key support level at ₹ 1950. This support zone serves as a critical point for risk management. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 1950 to manage downside risk. The target for this trade is set at ₹ 2100, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 5. Bharat Heavy Electricals Ltd- Dongre recommends buying Bharat Heavy Electricals or BHEL at around ₹ 255 keeping Stoploss at around ₹ 250 for a target price of ₹ 267 In the latest short-term technical analysis, stock has shown a strong and consistent bullish trend, indicating the potential for an extended upward move. The stock is currently trading at ₹ 255 and holding above a key support level at ₹ 250. This support zone serves as a critical point for risk management. Given the bullish momentum, traders are advised to consider a buying opportunity with a stop-loss placed strategically at ₹ 250 to manage downside risk. The target for this trade is set at ₹ 267, suggesting a favorable risk-to-reward ratio and a continuation of the prevailing upward trend. 6. Poonawalla Fincorp Ltd- Koothupalakkal recommends buying POONAWALLA FINCORP at around ₹ 421 for a target price of ₹ 445keeping Stoploss at around ₹ 410 The stock has indicated a strong bullish candle on the daily chart to give a breakout above the previous peak zone of ₹ 416 level to strengthen the bias and can anticipate for further rise in the coming sessions. The RSI is currently maintained strong and can expect for further positive move in the coming sessions with significant volume participation also visible during the session. With the chart technically well positioned, we suggest buying the stock for an upside target of ₹ 445 level keeping the stop loss of ₹ 410 level. 7. Fino Payments Bank Ltd- recommends buying FINO PAYMENTS BANK at around ₹ 266 for a target price of ₹ 282 keeping Stop loss at ₹ 260 The stock has witnessed a decent pullback from near the important 50EMA at ₹ 246 level and has strengthened the bias with a series of positive candles to expect for further upward move in the coming sessions. The stock has corrected well and has much scope for further upward movement with the chart setup looking good. The RSI has indicated a positive trend reversal to signal a buy and with much upside potential visible, one can anticipate for another fresh round of momentum to carry on with the positive move further ahead. 8. Bajaj Housing Finance Ltd - Koothupalakkal recommends buying Bajaj Housing Finance or BAJAJ HSG FIN at around ₹ 125.66 for a target price of ₹ 135 keeping Stop loss at ₹ 122 The stock has witnessed an overall gradual uptrend after bottoming out near 104 zone and currently after a short period of consolidation has indicated a positive candle formation on the daily chart taking support near the 50EMA level at ₹ 123 zone to anticipate for further rise in the coming sessions. The RSI is well placed and has much upside potential visible from current rate. With the chart looking good, we suggest buying the stock for an upside target of ₹ 135 level keeping the stop loss of ₹ 122 level. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
4 days ago
- Automotive
- Mint
15,600% rally in five years! Small-cap EV stock jumps in a rally post-RBI MPC meeting outcome
Stock Market Today: Having seen 15,600% rally in five years, the small-cap EV stock gained in the intraday trades on Friday in a rally post-RBI MPC meeting outcome was announced. Check details While the sharp gain in the Indian Stock Markets following a sunrise 50 bps or basis point. also supported the gain for the small-cap EV stock MERCURY EV-TECH LIMITED. A surprising 50 basis point rate Cut decision boosts the Indian stock market, sending the benchmark Indices as S&P BSE Sensex up 800 points and the Nifty-50 index above the 25,000 mark. Besides the strong market sentiments led by RBI's interest rate decisions, the gains for Mercury EV-tech Ltd also were driven by the announcement following Business update. Small-cap EV stock Mercury EV-Tech business on Thursday 5, June, 2025 intimated the BSE or the Bombay stock Exchange about a business update. As per the business u[date announced by Mercury Ev-Tech Limited, the company has inaugurated a new showroom located at Shop No. 5, Near Sagar Complex, Jashonath Circle, Bhavnagar, Gujarat. Its other business its faculties include a chassis Manufacturing. unit. This is a state-of-the-art facilities with advanced machinery for diverse chassis types. MANUFACTURING FACILITY & CAPACITY: It has a 3.2 GW Lithium-Ion Battery Manufacturing Facility (Vadodara), The company has placed additional order for a fully robotic, high-throughput production line from a top-tier equipment provider. Equipment is expected by end of May, pilot production by mid-June 2025. It has Designed as a next-generation battery architecture hub with infrastructure for a wide range of chemistries. Multi-chemistry flexibility to cater to electric mobility and stationary energy storage. Capable of producing LFP, NMC, Sodium-Ion Cells, and Super Capacitor Modules Small-cap EV stock Mercury EV-Tech Share price touched intraday highs of ₹ 59.94 , which translated in to gains of more 1% The Small-cap EV stock Mercury EV-tech share price despite sharp corrections in the recent past, the Mercury EV-tech is still up 1560 % in the last 5 years. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
6 days ago
- Business
- Mint
Adani Ports, Cipla, Trent and 25 other Nifty 50 companies beat Q4 net profit estimates. Do you own any?
Q4 earnings review: The March quarter earnings brought much-needed relief to the Indian stock market, as corporate performance beat Street estimates, led by OMCs, PSU banks, automobiles, healthcare, technology, and capital goods, easing valuation concerns to some extent. This recovery in performance, after three consecutive quarters of subdued growth, was largely driven by lower input costs and moderating inflation, which supported operational profitability. Although the net profit growth for Nifty 50 companies remained in the single digits — marking the fourth consecutive quarter of such growth since the pandemic (June 2020) — it still exceeded analysts' projections. Adjusted net profits of the Nifty 50 index rose 3.7% year-on-year, coming in 3.8% above Kotak Institutional Equities' expectations. Similarly, adjusted net profits of the BSE Sensex increased 3.6% year-on-year, which was 5.3% above KIE's expectation of a 1.6% year-on-year decline. While the reported net income of the Nifty 50 index rose 2.4% year-on-year and 4.8% quarter-on-quarter. Several companies, including Asian Paints, Bharti Airtel, Tata Steel, Dr. Reddy's, and Sun Pharma, reported extraordinary items in Q4FY25. According to Kotak Institutional Equities (KIE), among the Nifty-50 stocks, 28 companies significantly outperformed their net income estimates in Q4FY25. These include Adani Ports, where the beat was driven by strong performance across both port operations and marine/logistics businesses. Cipla delivered better-than-expected results, supported by strong traction in the US, One Africa, and EM/EU regions. Coal India reported higher other income, contributing to its outperformance. The brokerage further said that Dr. Reddy's also benefitted from higher other income, primarily led by forex gains. Eicher Motors outperformed due to increased other income, while SBI reported a strong beat on the back of robust non-interest income. Tata Steel and Tech Mahindra both posted higher other income and benefited from lower-than-expected effective tax rates. Titan also exceeded the brokerage estimates owing to higher-than-expected revenues, and Trent outperformed due to strong other income. On the other hand, companies that underperformed KIE's net income estimates include Asian Paints, which showed weakness across all metrics; Grasim, impacted by a weaker-than-expected performance in its chemicals and VSF businesses; and IndusInd Bank, which reported higher-than-expected losses after recognizing several discrepancies in income and expenses from previous years, leading to a large reversal of past income. Tata Motors also fell short of estimates, primarily due to lower-than-expected profitability in its Jaguar Land Rover (JLR) business. At the EBITDA level, companies that exceeded KIE's expectations were M&M, driven by stronger-than-expected sales and gross margins; Nestle, which reported a solid gross margin print and lower other expenses; and Titan, which again benefited from higher-than-expected sales. However, some Nifty-50 companies underperformed at the EBITDA level. These included Asian Paints, which continued to show weakness across the board; Coal India, affected by weak volume and realizations; and Dr. Reddy's, which was weighed down by lower gross margins and higher staff costs. Further, Grasim, again reflecting pressure in the chemicals and VSF segments, and Maruti Suzuki, where a bunching up of certain expenses impacted performance, according to the brokerage. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
