Stock Market Today: All You Need To Know Going Into Trade On May 19 NDTV Profit Research NDTV Profit

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The GIFT Nifty was trading 0.26% lower at 25,065 as of 08:40 a.m., signaling a tepid start to Indian markets today.

US equity-index futures inched downwards after Moody’s Ratings cut its credit rating on the US government by a notch, on account of rising government debt. Shares in Asian markets including Japan, Australia and South Korea were also weaker at the open.

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Markets On The Home Turf

India’s benchmark equity indices closed lower on Friday after rallying for two consecutive sessions. The NSE Nifty 50 closed 42.30 points or 0.17% lower at 25,019.8 and the BSE Sensex ended 200.15 points or 0.24% lower at 82,330.59.

Foreign portfolio investors remained net buyers of Indian equities for the third straight day on Friday, as they mopped up equities worth Rs 8,831.1 crore, the highest since March 27, according to the provisional data from the National Stock Exchange.

Domestic institutional investors turned net buyers after a day of selling, as they mopped up equities worth Rs 5,187.1 crore, the data showed.

Here’s what could influence Indian equities today:

Global Market Moves (As Of 06:30 AM)

• S&P 500 futures were down 0.77%.

• Australia’s S&P/ASX 200 fell 0.39%.

• Euro Stoxx 50 futures rose 0.04%.

• Topix was down 0.27%.

Commodity Updates

• West Texas Intermediate crude advanced 0.05% to $62.52 per barrel.

• Spot gold was up 1.44% to $3,248.77 an ounce.

London Metal Exchange

• Copper fell 1.35%, extending losses.

• Nickel fell 0.96%, continuing downward trend.

• Aluminium fell 0.30%, continuing its two-day downward streak.

• Zinc fell 1.21%, reversing its upward trend.

• Lead fell 0.22%, reversing gains.

US Market Updates

American markets saw a hit in sentiment on late Friday as bonds rose after Moody’s Ratings downgraded the US, amid rising concerns on America’s status as a global safe haven. The downgrade was prompted by rising US government debt.

Moody’s lowered its credit score to Aa1 from Aaa, alongside the likes of Fitch Ratings and S&P Global Ratings in a downgrade spree.

The S&P 500 ended 0.70% up. The Dow Jones Industrial Average also saw an increase, adding 0.70%. The Nasdaq 100 saw an advance of 0.43%.

Nifty Earnings To Watch

• Bharat Electronics

Other Earnings To Watch

• ACME Solar Holdings

• Binani Industries

• Borosil

• CMS Info Systems

• Cravatex

• DLF

• Dodla Dairy

• DOMS Industries

• Eris Lifesciences

• Everest Industries

• Globus Spirits

• GMR Power and Urban Infra

• Gujarat Gas

• HEG

• Hindustan Media Ventures

• Hindustan Foods

• Honda India Power Products

• IG Petrochemicals

• Innova Captab

• IRB Infrastructure Developers

• JK Paper

• Jupiter Wagons

• Karur Vysya Bank Limited

• Kwality Pharmaceuticals

• Kaveri Seed Company

• One Mobikwik Systems

• Mold-Tek Packaging

• Navneet Education

• NCL Research & Financial Services

• The New India Assurance Company

• NLC India

• Northern Arc Capital

• Petronet LNG

• Pfizer

• PI Industries

• Power Grid Corporation of India

• Quess Corp

• Restaurant Brands Asia

• Redington

• Repro India

• Sun Pharma Advanced Research Company

• Steel Exchange India

• Zydus Wellness

Earnings Post Market Hours

Texmaco Rail & Engineering Q4 FY25 Highlights (Consolidated, YoY)

• Revenue up 17.6% at Rs 1,346 crore versus Rs 1,145 crore.

• Ebitda up 16.7% at Rs 97.6 crore versus Rs 83.6 crore.

• Margin at 7.2% versus 7.3%.

• Net profit down 12.2% at Rs 39.7 crore vs Rs 45 crore.

What led to dip in net profit?

• Other income down 14.7% at Rs 166.6 crore.

• Tax expense up 34.1% at Rs 33.56 crore.

Gujarat Alkalies and Chemicals Q4 FY25 Highlights (Consolidated, YoY)

• Revenue up 7.4% at Rs 1,075.5 crore versus Rs 1,002 crore.

• Ebitda at Rs 114 crore versus Rs 28.8 crore.

• Margin at 10.6% versus 2.8%.

• Net profit at Rs 8.8 crore versus loss of Rs 46.2 crore.

• To pay dividend of Rs 15.8 per share.

What led to higher net profit?

• Other income stood at Rs 24.4 crore versus Rs 2.54 crore.

• Lower loss in joint venture of Rs 12.5 crore versus Rs 25.0 crore.

• Changes in inventories.

Delhivery Q4 FY25 Highlights (Consolidated, YoY)

• Revenue up 5.6% at Rs 2,191.5 crore versus Rs 2,075.5 crore.

• Ebitda at Rs 119 crore versus Rs 45.8 crore.

• Margin at 5.4% versus 2.2%.

• Net profit at Rs 72.6 crore versus loss of Rs 68.5 crore.

Heritage Foods Q4 Highlights (Consolidated, YoY)

• Revenue up 10.3% at Rs 1,048 crore versus Rs 950.5 crore

• Ebitda up 14% at Rs 79.8 crore versus Rs 70.1 crore.

• Margin at 7.6% versus 7.4%.

• Net profit down 5.7% at Rs 38.1 crore versus Rs 40.4 crore.

CreditAccess Grameen Q4 FY25 Highlights (YoY)

• Total Income down 3.5% at Rs 1,408 crore versus Rs 1,459 crore.

• Net profit down 88% at Rs 47 crore versus Rs 397 crore.

India Glycols Q4 FY25 Highlights (Consolidated, YoY)

• Revenue up 6.8% at Rs 863 crore versus Rs 926 crore.

• Ebitda up 39% at Rs 146 crore versus Rs 105 crore.

• Margin at 16.9% versus 11.3%.

• Net profit up 52% at Rs 64 crore versus Rs 42 crore.

• To pay dividend of Rs 10 per share.

Repco Home Finance Q4FY25 Highlights (YoY)

• Total income up 9.5% at Rs 435 crore versus Rs 397 crore.

• Net profit up 6.3% at Rs 115 crore versus Rs 108.1 crore.

• To pay dividend of Rs 4 per share

Indraprastha Medical Corp. Q4 FY25 Highlights (Consolidated, YoY)

• Revenue at Rs 333.75 crore versus Rs 314.73 crore, up 6.04%.

• Ebitda at Rs 61.32 crore versus Rs 48.44 crore, up 26.58%.

• Margin at 18.37% versus 15.39%, up 298 bps.

• Net profit at Rs 41 crore versus Rs 31 crore, up 32.25%.

Kalpataru Projects International Q4FY25 Highlights (Consolidated, YoY)

• Revenue up 18% at Rs 7,067 crore versus Rs 5,971 crore.

• Ebitda up 19% at Rs 538 crore versus Rs 452 crore.

• Margin flat at 7.6%.

• Net profit up 37% at Rs 225.4 crore versus Rs 164.4 crore.

Ratnamani Metals & Tubes Q4FY25 Highlights (Consolidated YOY)

• Revenue up 14.71% at Rs 1,715 crore versus Rs 1,495 crore.

• Ebitda up 23.04% at Rs 302.29 crore versus Rs 245.67 crore.

• Margin up 119 bps at 17.62% versus 16.43%.

• Net profit up 5.19% at Rs 203.15 crore versus Rs 193.11 crore.

Bharat Bijlee Q4FY25 Highlights (Standalone, YOY)

• Revenue at Rs 619.1 crore versus Rs 587.47 crore, up 5.38%.

• Ebitda at Rs 63.87 crore versus Rs 62.28 crore, up 2.55%.

• Margin at 10.31% versus 10.6%, down 28 bps.

• Net profit at Rs 50.31 crore versus Rs 48.53 crore up 3.66%.

IOL Chemicals and Pharmaceuticals Q4FY25 Highlights (Consolidated, YoY)

• Revenue up 4.76% at Rs 528 crore versus Rs 504 crore.

• Ebitda up 26.34% at Rs 62.97 crore vs Rs 49.84 crore.

• Margin up 203 bps at 11.92% versus 9.88%.

• Net profit up 13.75% at Rs 31.42 crore versus Rs 27.62 crore.

Shipping Corp. of India Q4FY25 Highlights (Consolidated, YoY)

• Revenue down 6.17% at Rs 1,325 crore versus Rs 1,412 crore.

• Ebitda down 10.65% at Rs 363.8 crore versus Rs 407.13 crore.

• Margin down 137 bps at 27.45% versus 28.83%.

• Net profit down 39.73% at Rs 185 crore versus Rs 307 crore.

S H Kelkar and Co. Q4FY25 Highlights (Consolidated, YoY)

• Revenue up 10.5% at Rs 567 core versus Rs 513 crore.

• Ebitda down 18% at Rs 73.4 crore versus Rs 89.5 crore.

• Margin at 12.9% versus 17.4%.

• Net profit at Rs 102.5 crore versus Rs 33.9.

• One-time gain of Rs 59 crore in Q4 FY25.

• To pay final dividend of Rs 1 per share.

KRBL Q4FY25 Highlights (Consolidated, YoY)

• Revenue 9.4% at Rs 1,442 crore versus Rs 1,318 crore.

• Ebitda 25.4% at Rs 224 crore versus Rs 178 crore.

• Margin at 15.5% versus 13.5%.

• Net profit 35% at Rs 154.2 crore versus Rs 114.1 crore.

• To pay final dividend of Rs 3.5 per share.

Galaxy Surfactants Q4FY25 Highlights (Consolidated, YoY)

• Revenue up 23% at Rs 1,145 crore versus Rs 929 crore.

• Ebitda rose 25% at Rs 127 crore versus Rs 102 crore.

• Margin at 11.1% vs 10.9%.

• Net profit down 2% at Rs 75.9 crore versus Rs 77.5 crore.

• To pay final dividend of Rs 4 per share.

Nava Q4FY25 Highlights (Consolidated, YoY)

• Revenue up 10% at Rs 1,018 crore versus Rs 924 crore.

• Ebitda flat at Rs 382 crore.

• Ebitda margin at 37% vs 41%. 

• Net profit up 13.5% at Rs 234 crore versus Rs 206 crore.

Nesco Q4 FY25 Highlights (Consolidated, YoY)

• Revenue up 1.6% at Rs 192 crore versus Rs 189 crore.

• Ebitda down 9% at Rs 107 crore versus Rs 117 crore.

• Margin at 55.6% versus 62%.

• Net profit down 15.7% at Rs 88.6 crore versus Rs 105 crore.

Divi’s Labs Q4 Highlights (Consolidated, YoY)

• Revenue up 12% to Rs 2,585 crore versus Rs 2,303 crore.

• Ebitda up 21% to Rs 886 crore versus Rs 731 crore.

• Margin at 34.3% versus 31.7%.

• Net profit up 23% to Rs 662 crore versus Rs 538 crore.

• To pay final dividend of Rs 30 per share.

• Board appoints Venkatesa Perumallu Pasumarthy as Chief Financial Officer.

Zen Technologies Q4 Highlights (Consolidated, YoY)

• Revenue to Rs 325 crore versus Rs 141 crore.

• Ebitda to Rs 138 crore versus Rs 50.4 crore.

• Margin at 42.5% versus 35.7%.

• Net profit to Rs 101 crore versus Rs 35 crore.

Data Patterns (India) Q4 Highlights (YoY)

• Revenue to Rs 396 crore versus Rs 182 crore.

• Ebitda up 60.7% to Rs 149.5 crore versus Rs 93 crore.

• Margin at 37.7% versus 51%.

• Net profit up 60.5% to Rs 114 crore versus Rs 71 crore.

Happy Forgings Q4 Highlights (Consolidated, YoY)

• Revenue up 2.5% to Rs 352 crore versus Rs 343 crore.

• Ebitda up 5.3% to Rs 102 crore versus Rs 97 crore.

• Margin at 29.1% versus 28.3%.

• Net profit up 2.8% to Rs 67.6 crore versus Rs 65.8 crore.

Arvind Fashions Q4 Highlights (Consolidated, YoY)

• Revenue up 8.7% to Rs 1,189 crore versus Rs 1,094 crore.

• Ebitda up 17.4% to Rs 158.7 crore versus Rs 135.1 crore.

• Margin at 13.3% versus 12.4%.

• Net loss at Rs 93.15 crore versus profit of Rs 24.32 crore.

Gujarat Ambuja Q4 Highlights (Consolidated, YoY)

• Revenue down 6% to Rs 1,267 crore versus Rs 1,346 crore.

• Ebitda down 44% to Rs 62.3 crore versus Rs 111.4 crore.

• Margin at 4.9% versus 8.3%.

• Net profit down 65% to Rs 32 crore versus Rs 91.4 crore.

Precision Wires Q4 Highlights (YoY)

• Revenue up 19% to Rs 1,046 crore versus Rs 878 crore.

• Ebitda up 36% to Rs 50.6 crore versus Rs 37.3 crore.

• Margin at 4.8% versus 4.2%.

• Net profit up 35% to Rs 29.6 crore versus Rs 22 crore.

Premier Energies Q4 Highlights (Consolidated, QoQ)

• Revenue down 5% to Rs 1,621 crore versus Rs 1,713 crore.

• Ebitda up 3% to Rs 529 crore versus Rs 514 crore.

• Margin at 32.6% versus 30%.

• Net profit up 9% to Rs 278 crore versus Rs 255 crore.

• Won orders worth Rs 3,100 crore – up 40%.

Amber Enterprises Q4 Highlights (Consolidated, YoY)

• Revenue up 34% to Rs 3,754 crore versus Rs 2,806 crore.

• Ebitda up 33% to Rs 295 crore versus Rs 222 crore.

• Margin at 7.9% versus 7.9%.

• Net profit up 23% to Rs 116 crore versus Rs 95 crore.

• Consumer durables revenue up 28% YoY to Rs 2,860 crore due to strong primary air conditioner sales.

• Electronics segment revenue grew 74% to Rs 840 crore; fiscal 2025 revenue up 77%, surpassing 55% guidance.

• Railway sub-systems and mobility revenue grew 2% to Rs 130 crore.

Neogen Chemical Q4 Highlights (Consolidated, QoQ)

• Revenue up 0.7% to Rs 203 crore versus Rs 201 crore.

• Ebitda up 5% to Rs 36.4 crore versus Rs 34.7 crore.

• Margin at 17.9% versus 17.2%.

• Net profit down 75% to Rs 2.4 crore versus Rs 10 crore.

• Exceptional loss of Rs 14 crore pulled net profit lower.

• Fire incident caused estimated damage of Rs 363 crore; company expects Rs 349 crore insurance recovery. Balance shown as exceptional loss.

Stocks In News

• JSW Steel: The company’s board will meet on May 23 to consider raising funds via qualified institutional placements and other means.

• Newgen Software Technologies: The company has secured a patent in India for its system and method for data compression, further strengthening its intellectual property portfolio. It has filed a total of 55 patents, with 25 successfully granted across India and the US. The latest patent adds to its growing collection of innovations.

• Paradeep Phosphates: The court has directed the government to release Rs 53.50 crore to the company under the nutrient based subsidy within six weeks. This subsidy relates to a consignment of imported DiAmmonium Phosphate fertilizer, supplied to multiple states in 2013. The ruling is anticipated to positively impact the company’s financial standing.

• GlaxoSmithKline Pharmaceuticals: A fire incident at a contract manufacturing facility has led to a temporary disruption in production operations at the site.

• NBCC: The company has successfully sold 446 residential units at Aspire Silicon City in Noida through an e-auction, generating Rs 1,468 crore in sales. Additionally, it will receive a marketing fee of 1% of the total sale value.

• Ashok Leyland: The company will pay its second interim dividend of Rs 4.25 per share.

• KSB: The company got a Letter of Acceptance worth Rs 25 crore for 1,161 solar water pumping systems.

• Samvardhana Motherson International: The company incorporated its step-down arm Motherson Sanko Sustainable Packaging Products.

• Kesoram Industries: Rohit Shah resigned as the company’s chief financial officer.

• Lumax Auto Technologies: The company plans to acquire the remaining 25% stake in IAC India for Rs 221 crore, making IAC India a wholly owned material subsidiary following the acquisition.

• Yes Bank: The Reserve Bank of India has imposed a monetary penalty of Rs 29.6 lakh on the lender for non-compliance with its regulatory norms.

• Sun Pharmaceutical Industries: The company has received a pre-market approval for its blue light photodynamic therapy Illuminator.

• Rail Vikas Nigam: The company has incorporated its wholly owned arm in Andhra Pradesh.

• Gujarat Alkalies and Chemicals: The company has installed a 90-120 MTPD HCL synthesis unit and three additional plants for downstream chlorotoluene production, with a combined capacity of 40 TPD. The total estimated investment for these installations at Dahej is Rs 81 crore.

• Dhampur Sugar Mills: The company has set May 23 as the record date for its buyback offer.

• Bharat Electronics: The company has secured an order worth of Rs 572 crore.

• CCL Products (India): India Ratings and Research has updated its rating from IND AA-/Negative/IND A1+ to IND AA-, while maintaining a negative outlook.

• Motherson Sumi Wiring India: Mahender Chhabra, the chief financial officer of the company, will step down from his position, effective June 4, 2025, citing personal reasons for his resignation.

• Endurance Technologies: The company has acquired an additional stake in Maxwell Energy Systems Pvt., increasing its ownership to 38.5%. As a result, Maxwell has now become a wholly owned subsidiary of the company.

• India Glycols: The board has approved the demerger of the Bio Pharma Undertaking, establishing it as a separate entity named Ennature Bio Pharma Ltd. Additionally, the Spirits and Biofuel Undertaking will be spun off into a distinct company called IGL Spirits Ltd.

• Bajaj Consumer Care: The company has finalised the acquisition of the remaining 51% stake in Vishal Personal Care for Rs 61 crore, officially making it a subsidiary following the transaction.

• Electrosteel Castings: The company has received a provisional compensation order of Rs 499 crore from the Ministry of Coal.

• Premier Energies: The company announced capacity expansion of cell and module plants by 0.8 GW and 1.6 GW respectively. The company will spend a total capex of Rs 475 crore for this expansion which will be met via internal accruals. It also signed a 74:26 joint venture with Taiwan-based Sino-American Silicon Products Inc., whose subsidiary, GlobalWafers Co. Ltd., is the world’s third-largest manufacturer of semiconductor silicon wafer. Expected commissioning of the wafer plant is by June 2026.

• KEC International: The company wins new T&D order worth Rs 1,113 crore from Power Grid and a private player.

• Protean eGov Technologies: The company has not been selected by the Income Tax Department for the project of Technology revamp which include Design, Development, Implementation, Operations and Maintenance of PAN systems at ITD.

• Tube Investments: The company signed contract to supply train sets for a project with a business potential of about Rs 1,000 crore.

• General Insurance Corp: The company got a penalty of Rs 1,188 crore from the Income Tax Department.

• PNC Infra: The Arbitral Tribunal has passed an arbitration award of Rs 485 crore in favour of the company.

• Dr. Reddy’s Laboratories: The United States Food and Drug Administration issued Form 483 with two observations to the New York facility. The US FDA conducted an inspection at the New York facility from May 12 to May 16.

• Premier Energies: Premier Energies entered into a joint venture with Sino-American Silicon Products for solar wafer manufacturing.
  It also formed a joint venture with Nuevosol Energy to manufacture aluminium frames for solar modules. The arm commissioned enhanced capacity of 1.4 gigawatts solar photovoltaic manufacturing facility in Telangana.

• Cipla: The company’s arm received a Voluntary Action Indicated tag for its Navi Mumbai facility. The US FDA conducted an inspection at the Navi Mumbai facility between February 18 and February 20.

• Aarti Industries: The company received an income tax demand order of Rs 163 crore.

• Landmark Cars: The automaker plans to acquire Kia workshop in Hyderabad to further strengthen its presence.

• Max Healthcare: The company’s arm executed a sale deed worth Rs 120 crore to acquire a 4,000 square meters land parcel in Uttar Pradesh.

• VIP Industries: A fire incident occurred at Guwahati’s warehouse. Operations of the warehouse were temporarily disrupted, with no casualties reported. Initial assessment of loss is estimated in the range of Rs 5-6 crore.

• DEE Development Engineers: The company received an order to supply process piping solutions for customer’s upcoming and ongoing projects.

• Baazar Style Retail: The company opened a new store in West Bengal. The total number of stores as on date stands at 226.

• Nazara Technologies: The company’s arm completed acquisition of intellectual property rights of Titan Insider Digital for $1.25 million.

• Hindustan Zinc: The company Received a penalty of Rs 146 crore from Visakhapatnam tax body for the period from July 2022 to March 2024.

• GMR Airports: The arm divested 50% stake in Delhi Aviation Services to Bird Flight Services (India) for Rs 12.79 crore.

Brokerage Radar

Jefferies on Hindustan Aeronautics

• Maintain ‘buy’ and hike target price to Rs 6,475 from Rs 4,715.

• Management articulated that margins are sustainable at 30-31% as cost optimisation is a focus.

• High margin service income and aircraft deliveries should drive double digit revenue growth for three to five years.

• 8-10% revenue guidance for fiscal 2026 looks conservative.

• Recent India-Pakistan tensions saw PM Modi laud Made in India equipment.

• This points to further domestic manufacturing focus.

 Morgan Stanley on Kaynes Technologies

• Downgrade to ‘equal-weight’ from ‘overweight’ and cut target price to Rs 6,155 from Rs 6,633.

• Stock has outperformed in the past three months and now trades at 67 times the fiscal 2027 core EMS business.

• This adequately factors in 39% core compound Ebitda growth over fiscals 2025 to 2030.

• Core EMS on a strong footing; asset turns likely to improve.

• Cash flow and new business execution hold the key.

CLSA on NCC

• Maintain ‘outperform’ with a target price of Rs 315.

• Lofty pipeline and conservative guidance.

• Any volatility in regards to cyclically weak fiscal 2026 guidance would be another opportunity to add.

• Believe the government water and urban infrastructure programmes should create years of growth visibility for NCC.

Catch all brokerage calls here.

Bulk Deals

• Bharti Airtel: Pastel Ltd. sells 7.1 crore shares (1.2%) at Rs 1,814.08.

• JSW Infrastructure: Sajjan Jindal Family Trust sold 4.2 crore shares (2%) at Rs 288.21. Government of Singapore bought 1.84 crore shares (0.88%) at Rs 288.1.

Insider Trade

• Mastek Ltd.: Promoter group Chinmay Ashank Desai sold 1,000 shares.

• Navin Fluorine International Ltd.: Mr. Vishad P. Mafatlal, promoter and director sold 2.1 lakh shares.

Trading Tweaks

• Price band change from 10% to 5%: Valiant Organics, Zaggle Prepaid Ocean Services, Apar Industries, Paras Defence and Space Tech.

F&O Cues

• Nifty May futures up 0.01% at a premium of 58.9 points.

• Nifty May futures open interest down 1.78%.

• Nifty May 22 Expire: Max call open interest at 26,000, Max put open interest at 25,000.

• Securities in ban period: Hindustan Copper, Manappuram Finance, Titagarh Rail Systems.

Money Market Update 

The rupee ended stronger against the US dollar on Friday, after a one-day blip. The currency closed 3 paise stronger at 85.52 against US Dollar.

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