Stock Market Today: All You Need To Know Going Into Trade On May 5 Vrathik Jain NDTV Profit

Good morning!

GIFT Nifty fell 0.07% to 24,400.70 as of 08:16 am, indicating a mildly negative start for Indian markets.

Asian stocks were closed for holidays in some major markets. US equity-index futures fell 0.5%, continuing their drop after US President Donald Trump stated he would not speak with his Chinese counterpart this week.

Futures contracts for the S&P 500 were down 0.63%, snapping their one-day gains.

In daily trade, US financial markets have stabilised over the last two weeks with the S&P 500 achieving its longest winning streak in two decades on Friday due to indications of progress in talks with Asian nations.

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Here’s everything that could influence Indian equities today:

Asian Markets Closed

• Asian markets including Japan, South Korea, and China remain closed on Monday.

Commodity Update

• West Texas Intermediate crude slipped 3.35% to $56.34per barrel.

• Spot gold fell 0.38% to $3,253.18 an ounce.

London Metal Exchange

• Copper saw a sharp rise to 1.73%, after muted gains in the last session.

• Nickel was up 1.49%, snapping its two-day losses.

• Aluminium climbed 0.64%, extending gains.

• Zinc rose 1.16%, reversing its downward trend.

• Lead fell 0.87%, extending losses.

US Markets Update

• The S&P 500 closed 1.47% higher, marking its ninth straight gain—its longest winning streak in two decades. Optimism over tech earnings and hopes that trade deals could soften the impact of steep tariffs unveiled on April 2 drove sentiment.

• The Nasdaq 100 echoed a similar 1.51% gain, as guidance by giants like Amazon.com Inc. to Microsoft Corp. suggest that demand will remain largely intact.

Indian Markets On Friday

India’s benchmark equity indices ended the holiday-shortened week higher on Friday, with the benchmark indices swinging to green, albeit a wafer-thin gain, after a day of declines. The NSE Nifty 50 closed 0.05% higher at 24,346.70 while the BSE Sensex ended 0.32% up at 80,501.99.

The indices have also logged a weekly gain, as the Nifty 50 had closed at 24,039.35 and Sensex settled at 79,212.53 in the week ended on April 25.

Foreign portfolio investors stayed net buyers of Indian equities for the 12th straight session on Friday, as they bought stocks worth Rs 2,769.8 crore.

Domestic institutional investors remained buyers for the fifth session in a row, mopping up equities worth Rs 3,290.5 crore, according to provisional data from the NSE.

Key Events And Economic Data

• Finance Minister Nirmala Sitharaman will attend the 58th Annual Meeting of the Board of Governors of ADB in Milan, Italy, from May 4 to May 7. She will also hold bilateral meetings with Finance Ministers of Italy, Japan, and Bhutan as well as heads of other international organisations.

• A high level Indian delegation led by Secretary of Ministry of Panchayati Raj Vivek Bharadwaj, is to present its Svamitva Scheme and Gram Manchitra platform at the World Bank Land Conference 2025, taking place from May 5 to May 8 at the World Bank Headquarters, Washington DC, US.

Nifty Earnings To Watch

• Mahindra & Mahindra

Other Earnings To Watch

• Computer Age Management Services

• CCL Products (India)

• Capri Global Capital

• Cigniti Technologies

• Coforge

• DCM Shriram

• Prataap Snacks

• Epigral

• Indian Hotels Company

• Jammu & Kashmir Bank

• Kalyani Steels.

Earnings Reactions To Watch

State Bank of India Q4FY25 Highlights (Standalone, YoY)

• Net Profit down 10% to Rs 18,643 crore versus Rs 20,698 crore (Bloomberg estimate: Rs 17,800 crore)

• Net Interest Income up 2.7% to Rs 42,775 crore versus Rs 41,655 crore (Bloomberg estimate: Rs 43,405 crore)

• Operating profit up 8.8% to Rs 31,286 crore versus Rs 28,748 crore

• Net NPA at 0.47% versus 0.53% (QoQ)

• Gross NPA at 1.82% versus 2.07% (QoQ)

• Provisions at Rs 6,442 crore versus Rs 1,608 crore (YoY) and Rs 911 crore (QoQ)

• Approves raising up to Rs 25,000 crore via QIP in one or more tranches during FY26.

• Board declared a dividend of Rs 15.9 per share.

Indian Bank Q4FY25 Highlights (Standalone, YoY)

• Net Interest Income up 6.2% to Rs 6,389 crore versus Rs 6,015 crore

• Net Profit up 31.6% to Rs 2,956 crore versus Rs 2,247 crore

• Net NPA at 0.19% versus 0.21% (QoQ)

• Gross NPA at 3.09% versus 3.26% (QoQ)

Vardhman Textiles Q4 FY25 Highlights (Consolidated, YoY)

• Revenue up 2% to Rs 2,509 crore versus Rs 2,459 crore

• Ebitda down 6.9% to Rs 287 crore versus Rs 308 crore

• Margin at 11.4% versus 12.5%

• Net Profit up 18.3% to Rs 237 crore versus Rs 201 crore

Avenue Supermarts Q4FY25 Highlights (Consolidated, YoY)

• Revenue up 16.9% to Rs 14,872 crore versus Rs 12,727 crore (Bloomberg estimate: Rs 14,642 crore)

• Ebitda up 1.2% to Rs 955 crore versus Rs 944 crore

• Margin at 6.4% versus 7.4%

• Net Profit down 2.2% to Rs 551 crore versus Rs 563 crore (Bloomberg estimate: Rs 630 crore)

Netweb Technologies Q4FY25 Highlights (Consolidated, QoQ)

• Revenue up 24.2% to Rs 415 crore versus Rs 334 crore (Bloomberg estimate: Rs 2,656 crore).

• EBIT up 38.6% to Rs 56.6 crore versus Rs 40.8 crore (Bloomberg estimate: Rs 144.7 crore).

• Margin at 13.6% versus 12.2% (Bloomberg estimate: 32.8%).

• Net Profit up 42% to Rs 42.9 crore versus Rs 30.3 crore (Bloomberg estimate: Rs 131 crore).

CDSL Q4FY25 Highlights (Consolidated, YoY)

• Total Income down 4.3% to Rs 256 crore versus Rs 267 crore

• Net profit down 22.4% to Rs 100 crore versus Rs 129 crore

• Board recommends final dividend of Rs 12.5 per share

Kotak Mahindra Bank Q4FY25 Highlights (Standalone, YoY)

• Net Interest Income up 5.4% to Rs 7,284 crore versus Rs 6,909 crore (Bloomberg estimate: Rs 7,347 crore)

• Net NPA at 0.31% versus 0.41% (QoQ)  

• Gross NPA at 1.42% versus 1.50% (QoQ)  

• Net Profit down 14% to Rs 3,552 crore versus Rs 4,133 crore (Estimate: Rs 3,606 crore)

• Provisions up 14.5% to Rs 909 crore versus Rs 794 crore (QoQ)  

• Operating profit up 0.2% to Rs 5,472 crore versus Rs 5,462 crore

• Board proposes dividend of Rs 2.5 per share

Parag Milk Foods Q4 FY25 Highlights (Consolidated, YoY)

• Revenue up 16% to Rs 918 crore versus Rs 790 crore

• EBITDA up 67.7% to Rs 62 crore versus Rs 37 crore

• Margin at 6.7% versus 4.7%

• Net Profit up 162% to Rs 26.2 crore versus Rs 10 crore.

Marico Q4FY25 Highlight (Consolidated, YoY)

• Revenue up 19.8% to Rs 2,730 crore versus Rs 2,278 crore (Bloomberg estimate: Rs 2,656 crore).

• Ebitda up 4% to Rs 458.00 crore versus Rs 442.00 crore (Bloomberg estimate: Rs 463.6 crore).

• Margin at 16.8% versus 19.4% (Bloomberg estimate: 17.5%).

• Net Profit up 8% to Rs 343.00 crore versus Rs 318.00 crore (Bloomberg estimate: Rs 336.7 crore).

• PAT aided by Other Income, Rs 47 crore versus Rs 15 crore.

• To pay dividend of Rs 7 per share.

Aether Industries Q4FY25 Highlights (Consolidated, YoY)

• Revenue at Rs 240 crore versus Rs 118 crore

• Ebitda at Rs 79.5 crore versus Rs 10 crore

• Margin at 33% versus 8.6%

• Net profit at Rs 50.2 crore versus loss of Rs 1.4 crore.

• Lower Exceptional this quarter at Rs 2.8 crore versus 7.3 crore.

City Union Bank Q4FY25 (Standalone, YoY)

• Net profit up 13% at Rs 288 crore versus Rs 255 crore (Bloomberg estimate: Rs 283 crore)

• Net Interest Income up 9.8% at Rs 600 crore versus Rs 547 crore (Estimate: Rs 609.4 crore)

• Net NPA at 1.25% versus 1.42% (QoQ)

• Gross NPA at 3.09% versus 3.36% (QoQ)

• Provisions at Rs 78 crore versus Rs 32 crore (YoY)

• Provisions up 4% at Rs 78 crore versus Rs 75 crore (QoQ)

• Operating Profit up 25.3% at Rs 441 crore versus Rs 352 crore (YoY)

Tatva Chintan Pharma Q4FY25 Highlights (Consolidated, YoY)

• Revenue up 9.8% to Rs 108 crore versus Rs 98 crore

• Ebitda down 43% to Rs 8.8 crore versus Rs 15.5 crore

• Margin at 8.2% versus 15.8%

• Net Profit down 89.6% to Rs 1 crore versus Rs 9.6 crore.

Sunteck Realty Q4FY25 Highlights (Consolidated, YoY)

• Revenue down 51.8% to Rs 206 crore versus Rs 427 crore (Bloomberg estimate: Rs 455 crore)

• Ebitda down 55% to Rs 68.8 crore versus Rs 153.1 crore (Bloomberg estimate: Rs 194.1 crore)

• Margin at 33.4% versus 35.9% (Bloomberg estimate: 42.7%)

• Net Profit down 50% to Rs 50.4 crore versus Rs 101.3 crore (Bloomberg estimate: Rs 115.6 crore)

• The board approved the enabling resolution for raising of funds for an overall limit of up to Rs 2,250 crore by various modes including QIP, FPO, ADR, GDR, rights issue, debt issue, preferential issue, FCCB etc.

RR Kabel Q4FY25 Highlight (Consolidated, YoY)

• Revenue up 26.39% to Rs 2217 crore versus Rs 1754 crore. (Estimate: Rs 2,065 crore)

• Ebitda  up 68.55% to Rs 193.5 crore versus Rs 114.8 crore. (Estimate: Rs 142.3 crore)

• Ebitda margin up 218 basis points to 8.72% versus 6.54%. (Estimate: 6.9%)

• Net profit up 63.91% at Rs 129 crore versus Rs 78.7 crore. (Estimate: Rs 90.1 crore)

Gravita India Q4FY25 (Consolidated, YoY)

• Revenue up 20.2% to Rs 1,037 crore versus Rs 863 crore

• Ebitda up 27.8% to Rs 92 crore versus Rs 72 crore

• Margin at 8.9% versus 8.4%

• Net Profit up 38% to Rs 95 crore versus Rs 69 crore

Archean Chemical Q4FY25 (Consolidated, YoY)

• Revenue up 21.7% to Rs 345 crore versus Rs 284 crore

• Ebitda up 1.3% to Rs 88.2 crore versus Rs 87 crore

• Margin at 25.5% versus 30.7%

• Net profit down 7% to Rs 53.5 crore versus Rs 57.6 crore

Voltamp Transformers Q4FY25 Highlights (Consolidated, YoY)

• Revenue up 24% to Rs 625 crore versus Rs 504 crore

• Ebitda up 15.5% to Rs 116 crore versus Rs 101 crore

• Margin at 18.6% versus 20%

• Net Profit up 3.5% to Rs 96.8 crore versus Rs 93.5 crore.

Stocks To Watch

• Adani Ports: The company, in its business update, reported a 4% year-on-year growth in overall cargo volumes for April, handling 37.5 million metric tonne (MMT) during the month.

• Tata Steel: LIC raised stake in the company to 7.85% from 5.84%.

• Railtel: The company received an order worth Rs 22.7 crore from Indian Railways.

• IGL: The company appointed Rajkumar Dubey as Chairman.

• PVR Inox: The company launched First Director’s cut with 5 screens in Noida.

• JSW Steel: The company’s revisionary authority sets aside Rs 702 crore demand made by deputy director of Mines over Odisha Mining. The matter has been demanded back to the state Government of Odisha to dispose-off.

• Prime Focus: The company signed an agreement with Maharashtra Govt for investment of Rs 3,000 crore in Mumbai’s infrastructure development. The Maharashtra Government to develop a new global Entertainment Ecosystem in Mumbai.

• Ircon International: The company received an order worth Rs 458 crore from Northeastern Electric Power Corporation.

• Tata Motors: The company approved raising up to Rs 500 crore via issuance of NCDs.

• Arvind Smartspace: Mitanshu Shah tender resignation from the post of CFO.

• Eicher Motors: The company appointed Siddhartha Lal as Executive Chairman for 5 Years with effect From February 13, 2025, and appointed Govindarajan Balakrishnan as MD for 5 Years effective February 13, 2025.

• Apollo Micro, GOCL Corporation: Apollo Micro bought IDL Explosive for Rs 107 crore from GOCL Corporation.

• SJVN: The Ministry of Power entrusts additional charge of Chairman and MD to Bhupendra Gupta for 3 Months.

• BSE: The company signed an agreement to divest 100% stake in BSE Institute to AV Financial experts Network for Rs 16.9 crore.

• RR Kabel: The company approved 36,000 MT Capacity Expansion of wires and cables at Waghodia Plant with an investment of Rs 1,050 crore and approved 6,000 MT capacity expansion at Silvassa plant with an Investment of Rs 400 crore.

• Neuland Labs: USFDA issued form 483 with one observation to Pashamylaram Manufacturing Facility. USFDA conducted inspection at Pashamylaram Facility from April 28 to May 2.

• Mahindra & Mahindra: Arm Tech Mahindra London to acquire 100% stake in Mahindra racing UK for Rs 13.5 crore.

• Shilpa Medicare: Arm Shilpa Biologics’s Dharwad site received European GMP certification for manufacturing of test batches. Austrian Agency For Health & Food Safety conducted inspection at arm between Feb 18-20.

• Enviro Infra: The company received new projects worth Rs 76.96 crore in domestic market.

• Adani Green Energy: A subsidiary signed a deal with Uttar Pradesh Power Corporation for 400 MW solar power project.

• Indraprastha Gas: The company took a Rs 1 per kg CNG price hike in Delhi, NCR and four other geographical areas.

• Fusion Finance: The company approved the allotment of 6.1 crore shares at Rs 131 per share on rights basis to eligible shareholders.

• Affle 3i: The company received a patent in the US for addressing challenge of detecting and preventing fraudulent activities in digital advertising.

• PN Gadgil: The jeweller recorded the highest-ever single-day festive sales of Rs 139.5 crore on the occasion of Akshaya Tritiya.

• Azad Engineering: The company signed a supply agreement worth Rs 452 crore with GE Steam Power.

Media Reports

• The Andhra Pradesh government has signed a deal for India’s first
  transmedia city titled Creator Land, which is expected to provide nearly 25,000 jobs, reported PTI.

Brokerage Radar

Jefferies On Avenue Supermarts

• Maintained a ‘hold’ call and trimmed target price to Rs 4,100 from Rs 4,225.

• Margin contracted to a low of 6.8%, which came as a big negative surprise.

• Management attributed this to high competition in FMCG, along with increase in wages and higher investments on service levels.

• Store additions accelerated in the final quarter as well as financial year to the highest level.

• CEO designate will take another four to five months to formally take over.

• Current CEO plans to dedicate more time on store openings, e-comm scale-up etc.

• Cut EPS by 4-7%.

Citi On Kotak Mahindra Bank

• Maintained ‘buy’ with a target price of Rs 2,525.

• Reported NIMs expand, calc NIMs decline.

• Slippages moderate reflecting relative resilience, credit cost at 87 basis points as coverage raised.

• Advances growth modest at 14% on an annual basis.

• RoA path tied to growth, credit cost.

Citi On SBI

• Maintained ‘buy’ and hiked target price to Rs 920 from Rs 905.

• NIMs hold, though pressure likely; one-offs boost earnings.

• Slippages steady as compared to last quarter, aggressive write-offs of Rs 10,000 crore.

• Core credit cost at 39 basis points.

• Flat NIMs surprised positively.

Follow all brokerage calls for the day here.

Block Deals

• PNB Housing Finance: Global investment firm Carlyle Group exited by selling its entire 10.44% stake for Rs 2,712 crore through open market transactions. Quality Investment Holdings PCC offloaded more than 1.73 crore shares on the NSE and 98.07 lakh shares on the BSE. Kotak Mahindra Mutual Fund bought 21.77 lakh shares, which represents 0.83% stake. Norway’s universal bank Norges Bank purchased 8 lakh shares or 0.3% stake. Societe Generale mopped up 10.52 lakh shares, which amounts to 0.4% stake.

Trading Tweaks

• Price Band changes from 10% to 20%: Spandana Sphoorty Financial.

• Price Band changes from 5% to 20%: Urja Global.

• Ex-Dividend: PTC India, Oberoi Realty.

• List of securities shortlisted in short-term ASM Framework Stage 1: Sonata Software.

• List of securities to be excluded from ASM Framework: Fino Payments Bank, SML Isuzu, GPT Infraprojects.

F&O Cues

• Nifty May Futures down by 0.1% to 24,395 at a premium of 49 points.

• Nifty May futures open interest down by 3%.

• Nifty Options May 8 Expiry: Maximum Call open interest at 26,000 and Maximum Put open interest at 24,000.

• Put-Call ratio at 1.12, with highest change in Call open interest at 24,500.

• Securities in ban period: RBL Bank.

Money Market Update

• Rupee closed 7 paise weaker at 84.56 a dollar. Intraday, the local currency gained 74 paise to 83.75, the highest since September 2024.

• The yield on the 10-year government bond yield ended flat at 6.35%.

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