Good morning!

The GIFT Nifty traded 0.10% lower at 24,922 as of 8:14 a.m., signalling a weaker start to Indian equities.

Asian shares rose, tracking overnight gains on Wall Street, after investors viewed the US-China trade truce as a possible end to the tariff dispute.

Stocks in Japan and Australia opened higher after the S&P 500 jumped more than 3%. Japan’s Topix rose for a 13th straight session.

NDTV Profit Live

Indian Markets On Monday

Back home, India’s benchmark indices clocked their record single-day gains in absolute terms, buoyed by the India-Pakistan ceasefire, thawing geo-political uncertainties like the US-China trade deal, the US-UK trade deal, the India-UK FTA.

Nifty 50 ended 3.82% higher at 24,924.70 and Sensex ended 3.74% up at 82,429.90.

Overseas investors turned net buyers of Indian equities on Monday after a day of selling as India-Pakistan tensions ease after a ceasefire. Foreign portfolio investors mopped up equities worth Rs 1,246.48 crore.

Domestic institutional investors remained net buyers for the second session, as they bought equities worth Rs 1,448.37 crore, according to provisional data from the National Stock Exchange.

Here’s everything that could influence Indian equities today: 

Global Markets (As Of 7:00 AM)

  • S&P 500 futures were down 0.25%.

  • Australia’s S&P/ASX 200 rose 0.54%.

  • Euro Stoxx 50 futures rose 0.15%.

  • Topix up 1.29%.

Commodity Updates

  • West Texas Intermediate crude declined 0.08% to $61.92 per barrel.

  • Spot gold advanced 0.04% to $3,236.14 an ounce.

London Metal Exchange

  • Copper rose 0.79%, marking a third straight session of gains.

  • Nickel fell 1.07%, reversing gains.

  • Aluminium rose 2.59%, extending its three-day winning streak.

  • Zinc added 1.00%, continuing an upward trend. 

  • Lead fell 0.20%, reversing gains from the previous session.

US Markets Update

With Washington and Beijing nearing a truce on tariff talks, Wall Street sentiment soared, driving the S&P 500 up over 3%, while defensive corners of the market such as bonds, gold and haven currencies sank. The S&P 500 breached its 200-day moving average.

Big techs witnessed a rally, propelling the Nasdaq 100 back into the bull race a month after it slipped into bear territory. The tech index rallied 4%.The Dow Jones, too, added over a 1,000 points, rallying nearly 3%.

Nifty Earnings To Watch

  • Bharti Airtel

  • Cipla

  • Hero MotoCorp

  • Tata Motors

Other Earnings To Watch

Aditya Birla Capital, Advanced Enzyme Technologies, The Anup Engineering, ASK Automotive, Aurionpro Solutions, Bharti Hexacom, Chemplast Sanmar, Dalmia Bharat Sugar and Industries, Gail (India), GlaxoSmithKline Pharmaceuticals, Garden Reach Shipbuilders & Engineers, Honeywell Automation India, ITD Cementation India, Jubilant Ingrevia, Metropolis Healthcare, Max Financial Services, NIIT, Patel Engineering, Sai Life Sciences, Shaily Engineering Plastics, Siemens, Suven Life Sciences, Syrma SGS Technology, VIP Industries, VST Tillers Tractors.

Earnings Reactions To Watch

Tata Steel Q4 Highlights (Consolidated, QoQ)

  • Revenue rises 4.8% to Rs 56,218 crore versus Rs 53,648.3 crore. (Bloomberg estimate: Rs 57,295 crore).

  • Ebitda up 11.12% at Rs 6,560 crore versus Rs 5,903 crore. (Estimate: Rs 6,616.1 crore).

  • Margin expands 66 basis points to 11.66% versus 11% (Estimate: 11.5%).

  • Net profit zooms 298% to Rs 1,301 crore versus Rs 326.64 crore (Estimate: Rs 1,160.4 crore).

Carborundum Universal Q4 FY25 Results Highlights (Consolidated, YoY)

  • Revenue up 1.3% at Rs 1,217 crore versus Rs 1,201 crore.

  • Ebitda down 0.5% at Rs 1,000.8 crore versus Rs 1,005.6 crore.

  • Margin at 82.2% versus 83.7%.

  • Net profit down 78.4% at Rs 29.1 crore versus Rs 134.8 crore.

Zaggle Prepaid Q4 FY25 Results Highlights (Consolidated, QoQ)

  • Revenue up 22.25% at Rs 412 crore versus Rs 337 crore.

  • Ebitda  up 24.74% at Rs 36.3 crore versus Rs 29.1 crore.

  • Ebitda margin up 17 bps at 8.81% versus 8.63%.

  • Net profit up 57.86% at Rs 31.1 crore versus Rs 19.7 crore.

  • Net Profit aided by an increase in other incomes; other income increased by 3.5 times.

Raymond Lifestyle Q4 FY25 Results Highlights (Consolidated, YoY)

  • Revenue down 11.3% at Rs 1,494 crore versus Rs 1,684 crore.

  • Ebitda down 94.5% at Rs 13.6 crore versus Rs 246.2 crore.

  • Margin at 1% versus 14.6%.

  • Net loss of Rs 45 crore versus profit of Rs 236 crore.

Novelis Q4FY25 Results Highlights (Consolidated, QoQ)

  • Revenue at $4587 million versus $4080 million.

  • Adjusted Ebitda at $473 million versus $367 million.

  • Adjusted Ebitda/tonne at $494 versus $406 million.

  • Volumes 957 KT versus 904 KT.

Krsnaa Diagnostics Q4FY25 Results Highlights (Consolidated, YoY)

  • Revenue up 12% to Rs 186 crore versus Rs 166.2 crore.

  • Ebitda up 21.3% to Rs 53 crore versus Rs 43.6 crore.

  • Margin at 28.4% versus 26.2%.

  • Net profit up 10% to Rs 20.6 crore versus Rs 18.7 crore.

  • To pay a final dividend of Rs 2.75 per share.

Sagar Cements Q4 FY25 Results Highlights (Consolidated, YoY)

  • Revenue down 7% at Rs 658 crore versus Rs 709 crore

  • Ebitda down 46% at Rs 36.8 crore versus Rs 68 crore

  • Margin at 5.6% versus 9.6%

  • Net loss of Rs 73 crore versus profit of Rs 11.6 crore

Chalet Hotels Q4 FY25 Results Highlights (Consolidated, YoY)

  • Revenue up 24.8% to Rs 521.97 crore versus Rs 418.26 crore.

  • Ebitda up 24% to Rs 339.46 crore versus Rs 272.84 crore.

  • Margin at 65.0% versus 65.2%.

  • Net profit up 50% to Rs 123.83 crore versus Rs 82.44 crore.

Morepen Labs Q4 FY25 Results Highlights (Consolidated, YoY)

  • Revenue up 10.1% to Rs 465.8 crore versus Rs 423 crore.

  • Ebitda down 12.6% to Rs 42.3 crore versus Rs 48.4 crore.

  • Margin at 9.1% versus 11.4%.

  • Net Profit down 29.3% to Rs 20.3 crore versus Rs 28.7 crore.

Raymond Q4 FY25 Results Highlights (Consolidated, YoY)

  • Revenue up 109.4% to Rs 557 crore versus Rs 266 crore.

  • Ebitda up 90% to Rs 55 crore versus Rs 29 crore.

  • Margin at 9.8% versus 10.9%.

  • Net profit down 42% to Rs 133 crore versus Rs 229 crore.

Prudent Corporate Advisory Q4 FY25 Results Highlights (Consolidated, YoY)

  • Revenue up 18.1% to Rs 283 crore versus Rs 240 crore.

  • Ebitda up 13% to Rs 68.7 crore versus Rs 60.8 crore.

  • Margin at 24.3% versus 25.4%.

  • Net profit up 15.9% to Rs 51.7 crore versus Rs 44.6 crore.

Care Ratings Q4 FY25 Results Highlights (Consolidated, QoQ)

  • Total Income up 15.7% to Rs 125 crore versus Rs 108 crore.

  • Net profit up 53.6% to Rs 42.6 crore versus Rs 27.8 crore.

Ventive Hospitality Q4 FY25 Results Highlights (Consolidated, YoY)

  • Revenue up 461.9% to Rs 697.93 crore versus Rs 124.21 crore.

  • Ebitda up 363% to Rs 351.55 crore versus Rs 75.96 crore.

  • Margin at 50.4% versus 61.2%.

  • Net profit up 170.7% to Rs 127.87 crore versus Rs 47.22 crore.

Thomas Cook Q4 FY25 Results Highlights (Consolidated, YoY)

  • Revenue up 18.3% to Rs 1,969 crore versus Rs 1,664 crore.

  • Ebitda up 8% to Rs 98.2 crore versus Rs 91 crore.

  • Margin at 5% versus 5.5%.

  • Net profit up 13.96% to Rs 64.5 crore versus Rs 56.6 crore.

Stocks To Watch

  • One 97 Communications: Antfin Netherlands Holding B.V. will sell 2.6 crore shares, equivalent to a 4% stake in the company, through a block deal tomorrow. The floor price for the transaction is set at Rs 809.75 per share, reflecting a 6.5% discount from the prevailing market price. The block deal is valued at approximately Rs 2,065 crore, with Citigroup and Goldman Sachs serving as the managing bankers.

  • KFin Technologies: A block deal by promoter General Atlantic Singapore Fund Pte is set to take place tomorrow. The floor price for the transaction is Rs 1,025 per share, reflecting an 8.3% discount from the current market price. The offer includes up to 1.18 crore shares, accounting for a 6.9% stake in the company, with a total deal value of approximately Rs 1,210 crore. As of earlier this month, General Atlantic Singapore Fund Pte Ltd., along with General Atlantic Singapore KFT Pte Ltd., collectively held a 32.91% stake in Kfin Technologies.

  • Gensol Engineering:  The company’s promoter, Anmol Singh Jaggi, has resigned as Managing Director, while Puneet Singh Jaggi has stepped down from his role as Whole-time Director.

  • Marine Electricals (India): The company has finalised the acquisition of Marks Marine Radio, increasing its shareholding from 49.2% to 59.2%.

  • Aether Industries: Promoter Purnima Desai plans to sell a 6.77% stake in the company on May 13 and 14, with the floor price for the offer-for-sale set at Rs 700 per share.

  • Arvind: The company has entered into an agreement with Torrent Green Energy and Torrent Urja 28 to acquire a minimum 26% stake in Torrent Urja 28 for the establishment of a hybrid wind-solar power plant in Gujarat. It will invest 15.96% of Torrent Urja 28’s equity share capital as its proportionate contribution to the project capacity.

  • HFCL: The company has received a purchase order worth Rs 157 crore from Tera Software Ltd., a consortium partner of ITI Limited, for the supply of various types of optical fiber cables for the BharatNet Phase III project.

  • TVS Motor Co.: VS Trust, a member of the promoter and promoter group of the company, has acquired 5.5 lakh shares of TVS Holdings from Sundaram Finance Holdings.

  • Bliss GVS Pharma: Arm has transferred its entire 51% stake in Greenlife Bliss Healthcare to Greenlife Pharmaceuticals.

  • Shree Cement: The company has received a grant order for limestone mines with mineral resources of 211 million tonnes in Rajasthan.

Brokerage Radar

Macquarie on IT Sector

  • Current pause in US-China tariffs lends support to thesis that sharp cutbacks to IT spending unlikely.

  • See a resolution or at least indications of progress in trade talks over the next 90 days.

  • This could give confidence to firms to embark on larger IT programs, potentially providing upside to current estimates.

  • Continue to be optimistic about medium-term growth prospects.

  • See multi-year technology refresh due to significant changes in underlying hardware.

  • Expect to drive enterprise technology architecture changes.

  • In a multiyear supercycle of spending – the first since the 2000s.

Citi on Pharmaceuticals

  • Reasons behind high US drug prices lie in the insurance system.

  • Partly reflect the margins taken by middlemen.

  • Simply lowering headline drug prices may not resolve the issue.

  • Feasibility of such measure is uncertain.

  • View such headlines as negative, especially for pharma companies like Sun Pharma.

  • Generics would be least impacted.

BofA on PVR Inox

  • Maintain ‘underperform’ and cut target price to Rs 945 from Rs 990.

  • Revenues in-line, but miss on Ebitda and profit after tax.

  • Capital-light expansion better for cashflows but not for margins.

  • Direct-to-OTT versus theaters: No major screen closures ahead.

Follow stocks on brokerages’ radar here.

Bulk deals

  • Gensol Engineering: Nova Global Opportunities Fund PCC- Touchstone sold 3 lakh shares (0.79%) at Rs 53.95 apiece.

  • Sundaram Clayton: Srinivasan Trust sold 6.2 lakh shares (3.06%) at Rs 1990.09 apiece, Tata Mutual Fund bought 6.21 lakh shares (3.06%) at Rs 1990 apiece.

  • Tanla Platforms: Dasari Uday Kumar Reddy bought 18.62 lakh shares (1.38%) at Rs 470.15 apiece, Smallcap World Fund Inc sold 16.31 lakh shares (1.21%) at Rs 470.15 apiece.

Block Deals

  • Motilal Oswal Financial Services: Citigroup Global Markets Mauritius Pvt Ltd bought 2.03 lakh shares (0.03%) at Rs 679.5 apiece, Morgan Stanley Asia Singapore Pte sold 2.03 lakh shares (0.03%) at Rs 679.5 apiece.

  • Tanla Platforms: American Funds Insurance Series Global Small Capitalization Fund sold 2.31 lakh shares (0.17%) at Rs 470.15 apiece, Dasari Uday Kumar Reddy bought 18.62 lakh shares (1.38%) at Rs 470.15 apiece, Smallcap World Fund Inc sold 16.31 lakh shares (1.21%) at Rs 470.15 apiece.

Insider Trade

  • Paisalo Digital: Promoter Equilibrated Venture Cflow revoked a pledge for 75 lakh shares on May 12.

Trading Tweaks

  • List of securities to be excluded from ASM Framework: Paradeep Phosphates, Sonata Software, Websol Energy System.

  • List of securities to be included from ASM Framework: K.P.R. Mill, Ksolves India.

  • Ex-record dividend: Godrej Consumer Products

F&O Cues

  • Nifty May Futures up by 4.1% to 25,051 at a premium of 127 points.

  • Nifty May futures open interest up by 0.19%.

  • Nifty Options May 15 Expiry: Maximum Call open interest at 26,000 and Maximum Put open interest at 24,200.

  • Put-Call ratio at 0.89, with highest change in Put open interest at 24,500.

  • Securities in ban period: CDSL, Manappuram Finance. 

. Read more on Markets by NDTV Profit.Stocks in the news, big brokerage calls of the day, complete trade setup and much more!  Read MoreMarkets, Business, Notifications 

​NDTV Profit