Stock Market Today: All You Need To Know Going Into Trade On May 20 Vrathik Jain NDTV Profit

Good morning!

The GIFT Nifty was trading largely unchanged at 25,102 as of 06:30 a.m., signaling a muted start to Indian markets today.

Asian shares climbed for the first time in four days, reflecting gains in the US that brought the S&P 500 index close to entering a bull market. The dollar edged higher alongside US equity-index futures.

In both Europe and the US, stocks shrugged off the recent downgrade of US credit ratings after Treasury Secretary Scott Bessent minimised concerns, emphasising the government’s commitment to reducing spending and stimulating economic growth.

Meanwhile, investors in Asia remain focused on the progress of US trade negotiations with India and Japan, following renewed optimism sparked by talks with China aimed at lowering tariffs.

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Key Events To Watch

Core industrial data from eight infrastructure industries are expected on Tuesday, according to Bloomberg.

Markets On The Home Turf

The benchmark equity indices closed lower on Monday for the second consecutive session amid volatility in the stock markets following Moody’s downgrade of the US by a notch.

The NSE Nifty 50 closed 74.35 points or 0.3% lower at 24,945.45 and the BSE Sensex ended 271.17 points or 0.33 down at 82,059.42. During the day, the Nifty fell 0.41% to 24,916.65, while the Sensex declined 0.44% to 81,964.57.

Foreign portfolio investors turned net sellers on Monday, offloading equities worth Rs 526 crore, according to the provisional data from the National Stock Exchange.

Domestic institutional investors turned net sellers after a session of buying as they net sold equities worth Rs 237.9 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 up 0.038%.

• Australia’s S&P/ASX 200 rose 0.75%.

• Euro Stoxx 50 futures rose 0.68%.

• Topix was up 0.75%.

Commodity Updates

• West Texas Intermediate crude advanced 0.26% to $62.85 per barrel.

• Spot gold was down 0.34% to $3,219.49 an ounce.

London Metal Exchange

• Copper rose 0.80%, reversing losses.

• Nickel fell 0.55%, continuing downward trend.

• Aluminium fell 1.27%, continuing its three-day downward streak.

• Zinc fell 0.56%, extending losses.

• Lead fell 1.93%, sharply extending decline.

US Market Updates

A renewed wave of dip buying propelled stocks higher on Monday, as traders looked beyond Moody’s recent downgrade of the US credit rating, which had initially caused bond yields to spike.

After an early session drop exceeding 1%, the S&P 500 reversed course to rise 0.09%, marking its sixth consecutive day of gains and closing just shy of a bull market. The Nasdaq 100 remained mostly flat with a 0.02% increase, while the Dow Jones Industrial Average gained 0.32%, boosted notably by an 8% rebound in UnitedHealth shares following recent losses.

Several Wall Street strategists viewed any market pullback linked to the downgrade as a buying opportunity, supported by momentum from easing global trade tensions.

Nifty Earnings To Watch

• Hindalco Industries

Other Earnings To Watch

• Arvind SmartSpaces, Aster DM Healthcare, Automotive Axles, Dixon Technologies (India), Dredging Corporation of India, EIH, Electronics Mart India, Fineotex Chemical, Fortis Healthcare, Gabriel India, Gland Pharma, Godawari Power and Ispat, Gujarat State Fertilizers & Chemicals, Johnson Controls-Hitachi Air Conditioning India, J. Kumar Infraprojects, JK Tyre & Industries, Kirloskar Industries, Laxmi Organic Industries, Man Infraconstruction, Max Healthcare Institute, NHPC, Religare Enterprises, Sanghvi Movers, Sequent Scientific, Solar Industries India, Torrent Pharmaceuticals, Updater Services, United Spirits, Whirlpool of India, Zydus Lifesciences.

Earnings Post Market Hours

Karur Vysya Bank Q4 FY25 Results Highlights (YoY)

• Net Interest Income up 9% at Rs 1,089 crore versus Rs 998 crore

• Gross NPA at 0.76% versus 0.83% (QoQ)

• Net NPA flat at 0.2% (QoQ)

• Provisions down 45% at Rs 161 crore versus Rs 293 crore

• Provisions up 9.5% at Rs 161 crore versus Rs 147 crore (QoQ)

• Net Profit up 12.5% to Rs 513 crore versus Rs 456 crore

• Operating Profit down 3.7% at Rs 835 crore versus Rs 867 crore

Eris Lifesciences Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue up 28% at Rs 705.3 crore versus Rs 551 crore (Bloomberg estimate: Rs 758 crore)

• Ebitda up 70% at Rs 252 crore versus Rs 148 crore (Bloomberg estimate: Rs 265 crore)

• Margin at 35.8% versus 26.9% (Bloomberg estimate: 35%)

• Net Profit up 32% at Rs 93.8 crore versus Rs 71 crore (Bloomberg estimate: Rs 106.4 crore)

• 18 crore deferred tax credit in Q4 FY24.

NLC India Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue up 8.3% at Rs 3,836 crore versus Rs 3,541 crore

• Ebitda up 43% at Rs 861 crore versus Rs 602 crore

• Margin at 22.5% versus 17%

• Net profit up at Rs 482 crore versus Rs 114 crore

• Income of 820.64 crore in current quarter due to movement in regulatory referral account.

• Deferred tax Credit of 108 crore in Q4 FY24.            

The board recommended a final dividend of Rs 1.5 per share for FY25.

Bharat Electronics Q4 Highlights (Consolidated, YoY)

• Revenue up 6.8% to Rs 9,149 crore versus Rs 8,564 crore (Bloomberg estimate: Rs 8,890 crore)

• Ebitda up 23% to Rs 2,815.5 crore versus Rs 2,287.5 crore (Bloomberg estimate: Rs 2,250 crore)

• Margin at 30.8% versus 26.7% (Bloomberg estimate: 25.3%)

• Net Profit up 18.4% to Rs 2,127 crore versus Rs 1,797 crore (Bloomberg estimate: Rs 1,752 crore)

• Other Expenses fall by 33% which aided Ebitda.

IRB Infrastructure Developers Q4 FY25 Earnings Highlights (Consolidated, YoY)

• Revenue up 4.3% at Rs 2,149 crore versus Rs 2,061 crore

• Ebitda up 12% at Rs 998 crore versus Rs 890 crore

• Margin at 46.4% versus 43.2%

• Net profit up 13.7% at Rs 215 crore versus Rs 189 crore

Power Grid Q4 Highlights (Consolidated, YoY)

• Revenue up 2.5% to Rs 12,275.35 crore versus Rs 11,978.11 crore.

• Ebitda up 1% to Rs 10,223.60 crore versus Rs 10,099.03 crore.

• Margin at 83.3% versus 84.3%.

• Net profit down 0.6% to Rs 4,142.87 crore versus Rs 4,166.33 crore.

DOMS Industries Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue up 26% at Rs 509 crore versus Rs 404 crore

• Ebitda up 16% at Rs 88.3 crore versus Rs 76 crore

• Margin at 17.4% versus 18.8%

• Net profit up 7.2% at Rs 48.4 crore versus Rs 45.2 crore

Globus Spirits Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue up 11% at Rs 655 crore versus Rs 590 crore

• EBITDA up 97% at Rs 39 crore versus Rs 20 crore

• Margin at 5.9% vs 3.3%

• Net Profit up at Rs 5.5 crore versus Rs 25 lakh

• Current Tax expense is at 1.42 crore vs 7 lakh.

Borosil Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue up 15.7% at Rs 270 crore versus Rs 233 crore

• Ebitda up 57% at Rs 37 crore versus Rs 23.6 crore

• Margin at 13.7% versus 10.1%

• Net Profit up at Rs 11 crore versus Rs 5 crore

Honda India Power Products Q4 FY25 Results Highlights (YoY)

• Revenue up 16.2% at Rs 269 crore versus Rs 231 crore

• Ebitda up at Rs 43.4 crore versus Rs 10.4 crore

• Margin at 16.2% versus 4.5%

• Net Profit up at Rs 36.2 crore versus Rs 15.8 crore

• Exceptional item of Rs3.98 crore in Q4 FY24.         

Gujarat Gas Q4 FY25 Results Highlights (Standalone, QoQ)

• Revenue down 1% to Rs 4,102 crore versus Rs 4,152 crore (Bloomberg estimate: Rs 4,046 crore)

• Ebitda up 18.5% to Rs 450 crore versus Rs 379.7 crore (Bloomberg estimate: Rs 410 crore)

• Margin at 11% versus 9.1% (Bloomberg estimate: 10.4%)

• Net Profit up 29% to Rs 287 crore versus Rs 222 crore (Bloomberg estimate: Rs 235 crore)

GMR Power Q4 Highlights (Consolidated, YoY)

• Revenue up 6.3% to Rs 1,737 crore versus Rs 1,634 crore.

• Ebitda down 14.4% to Rs 380 crore versus Rs 444 crore.

• Margin at 21.9% versus 27.2%.

• Net profit down 73% to Rs 43.7 crore versus Rs 162 crore.

Redington Ltd Q4 Highlights (Consolidated, YoY)

• Revenue up 17.9% to Rs 26,439.68 crore versus Rs 22,433.41 crore.

• Ebitda up 25.7% to Rs 576.91 crore versus Rs 459.32 crore.

• Margin at 2.2% versus 2.0%.

• Net profit up 104.3% to Rs 665.62 crore versus Rs 325.59 crore.

DLF Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue up 46.5% to Rs 3,128 crore versus Rs 2,135 crore

• Ebitda up 30% to Rs 978.6 crore versus Rs 755 crore

• Margin at 31.3% versus 35.4%

• Net Profit up 39% to Rs 1,282 crore versus Rs 921 crore

Innova Captab Q4 Highlights (Consolidated, YoY)

• Revenue up 19.8% to Rs 315 crore versus Rs 263 crore.

• Ebitda up 25.3% to Rs 47.6 crore versus Rs 38 crore.

• Margin at 15.1% versus 14.5%.

• Net profit up 2.8% to Rs 29.5 crore versus Rs 28.7 crore.

PI Industries Q4 Highlights (Consolidated, YoY)

• Revenue up 2.6% to Rs 1,787 crore versus Rs 1,741 crore.

• Ebitda up 3.1% to Rs 455.6 crore versus Rs 442 crore.

• Margin at 25.5% versus 25.4%.

• Net profit down 10.7% to Rs 330.5 crore versus Rs 370 crore.

Petronet LNG Q4 FY25 Results Highlights (Standalone, QoQ)

• Revenue up 0.7% to Rs 12,316 crore versus Rs 12,227 crore (Bloomberg estimate: Rs 12,462 crore)

• Ebitda up 21.3% to Rs 1,513.65 crore versus Rs 1,247.67 crore (Bloomberg estimate: Rs 1,178 crore)

• Margin at 12.3% versus 10.2% (Bloomberg estimate: 9.5%)

• Net profit up 23.4% to Rs 1,070 crore versus Rs 867 crore (Bloomberg estimate: Rs 821 crore)

HEG Q4 Highlights (Consolidated, YoY)

• Revenue down 0.9% to Rs 542 crore versus Rs 547 crore.

• Ebitda loss of Rs 55.5 crore versus an Ebitda profit of Rs 42.8 crore.

• Net loss of Rs 73.7 crore versus a net profit of Rs 32.9 crore.

Restaurant Brands Asia Q4 Highlights (Standalone, YoY)

• Revenue up 11.6% to Rs 490 crore versus Rs 439 crore

• Ebitda up 36.4% to Rs 75 crore versus Rs 55 crore

• Margin at 15.3% versus 12.5%

• Net loss of Rs 25.4 crore versus net loss of Rs 31 crore

JK Paper Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue down 1.7% at Rs 1,689 crore versus Rs 1,719 crore

• Ebitda down 39.6% at Rs 217 crore versus Rs 359 crore

• Margin at 12.8% versus 20.9%

• Net profit down 72.4% at Rs 76.2 crore versus Rs 276 crore

Hindustan Foods Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue up 27.7% at Rs 933 crore versus Rs 731 crore

• Ebitda up 27.7% at Rs 77.4 crore versus Rs 60.6 crore

• Margin flat at 8.28%

• Net profit up 34% at Rs 30.7 crore versus Rs 23 crore.

Northern Arc Q4 Highlights (Consolidated, YoY)

• Revenue up 7.7% to Rs 603 crore versus Rs 560 crore.

• Ebitda down 25.5% to Rs 236 crore versus Rs 317 crore.

• Margin at 39.2% versus 56.7%.

• Net profit down 57.4% to Rs 37.8 crore versus Rs 88.8 crore.

Sun Pharma Advanced Research Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue up 64.2% at Rs 27 crore versus Rs 16.6 crore

• Ebitda loss reduced to Rs 53.2 crore from a loss of Rs 106 crore

• Net loss reduced to Rs 60 crore from a loss of Rs 106 crore

Acme Solar Q4 Highlights (Consolidated, YoY)

• Revenue up 65.1% to Rs 487 crore versus Rs 295 crore.

• Ebitda up significantly to Rs 488 crore versus Rs 233 crore.

• Margin at 89.5% versus 68%.

• Net profit down 76.9% to Rs 123 crore versus Rs 532 crore.

CMS Info Systems Q4 Highlights (Consolidated, QoQ)

• Revenue up 6.5% to Rs 619 crore versus Rs 581 crore.

• Ebitda up 1.9% to Rs 162 crore versus Rs 159 crore.

• Margin at 26.2% versus 27.4%.

• Net profit up 4.8% to Rs 97.5 crore versus Rs 93 crore.

Carysil Q4 Highlights (Consolidated, YoY)

• Revenue up 7.1% to Rs 204 crore versus Rs 190.5 crore.

• Ebitda up 1.4% to Rs 35 crore versus Rs 34.5 crore.

• Margin at 17.1% versus 18.1%.

• Net profit up 19.6% to Rs 18.6 crore versus Rs 15.5 crore.

New India Assurance Q4 Earnings

• Net Profit up 4.5% at Rs 322 crore versus Rs 308 crore

• Total Income up 1.2% at Rs 11,009 crore versus Rs 10,875 crore

Marksans Pharma Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue up 26.5% at Rs 708 crore versus Rs 560 crore

• Ebitda up 14.7% at Rs 126 crore versus Rs 110 crore

• Margin at 17.7% versus 19.6%

• Net Profit up 15.7% at Rs 90.5 crore versus Rs 78.2 crore

Quess Corp Q4 FY25 Results Highlights (Consolidated, QoQ)

• Revenue down 9% at Rs 3,656 crore versus Rs 4,019 crore

• Ebit up 8.8% at Rs 57 crore versus Rs 52.5 crore

• Margin at 1.6% versus 1.3%

• Net loss of Rs 95.5 crore versus profit of Rs 41.7 crore

• To pay final dividend of Rs 6 per share.

Pfizer Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue up 8.3% to Rs 591.91 crore versus Rs 546.63 crore

• Net Profit up 85% to Rs 330.94 crore versus Rs 178.86 crore

• Ebitda up 20% to Rs 227.50 crore versus Rs 189.43 crore

• Margin at 38.4% versus 34.7%

• To pay final dividend of Rs 35 per share.

Stocks In News

• HCL Technologies: The company appointed Kiran Cherukuri as Global Global Capability Center Practice Leader.

• Ashok Leyland: The company, in its board meeting on May 23, may consider the proposal for the issue of bonus shares.

• Shyam Metalics & Energy: The company announced its foray into the wagon manufacturing segment with a state-of-the-art greenfield facility at Kharagpur, West Bengal. The facility will be capable of producing 4,800 wagons per annum in two phases. The facility is slated to commence operations by March 2026.

• Waaree Energies: The company acquired 100% stake in Kamath transformers for Rs 293 crore.

• Rail Vikas Nigam: The company emerged as the lowest bidder for an order worth Rs 179 crore from Ircon International.

• Bajaj Auto: The company clarified that its wholly owned subsidiary, Bajaj Auto International Holdings BV, Netherlands is in negotiations and exploring various alternatives to participate in the restructuring of KTM AG, pursuant to a plan approved by its creditors.

• Acme Solar Holdings: The company arm commissions Phase-II of a project in Bikaner, Rajasthan.

• JSW Infrastructure: Promoter undertakes a 2% stake in the company through market sale.

• Mastek: The company has appointed Raghavendra Jha as CFO.

• Azad Engineering: The company signed an agreement with Nuovo Pignone Sr to supply high-complex and critical components for five years.

• Power Grid Corp: The company sells its entire stake and exits from joint ventures Torrent Power Grid and Sikkim Power Transmission.

• Adani Ports: The company to consider the issue of non-convertible debentures on a private placement basis on May 22.

• Vodafone Idea: The Supreme Court rejected the plea from telecom operators Vodafone Idea and Bharti Airtel Ltd. along with others on its adjusted gross revenue dues, days after the companies filed a fresh petition, calling them “misconceived”.

Brokerage Radar

Nomura on Godrej Consumer Products

• Maintain buy rating with a target price of Rs 1,485, up from Rs 1,450.

• Analyst meet update: The company has taken new bold steps in deodorants and launched a pet care segment.

• India volumes expected to grow in the mid-to-high single digits in fiscal 2026, with Ebitda growth in double digits.

• The company is persistently investing in future growth categories.

• Fiscal 2026 guidance indicates volume-led Ebitda growth, which is better than peers.

JPMorgan on Bharat Electronics

• Maintain overweight rating with a target price of Rs 396.

• Fourth-quarter results were ahead of expectations on stronger margins.

• Commentary on fiscal 2026 estimates and medium-term order inflow, revenue growth, and margin profile will be important to watch.

UBS on Automobile Sector

• Discretionary demand is slowing sharply due to rising commodity prices.

• Two-wheeler demand in non-marriage markets remains weak.

• Mahindra & Mahindra and TVS Motors stand out positively.

• Eicher Motors, despite growth on a favourable year-on-year base, has started seeing sequential demand weakness.

• Maruti Suzuki, Tata Motors, Bajaj Auto, and Hero MotoCorp continue to underperform.

Catch all brokerage calls for Tuesday here.

Primary Market Action

• Borana Weaves: The company will offer its shares for bidding on Tuesday. The price band is set from Rs 205 to Rs 216 per share. The Rs 144.89-crore IPO issue is entirely a fresh Issue.

Block Deals

• Ami Organics: Chetankumar Chhaganlal Vaghasia sold 13.48 lakh shares (3.29%) at Rs 1,115 apiece, Kotak Mahindra Mutual Fund bought 13.48 lakh shares (3.29%) at Rs 1115 apiece, Nareshkumar Ramjibhai Patel sold 13.48 lakh shares (3.29%) at Rs 1115 apiece, Kotak Mahindra Mutual Fund. bought 13.48 lakh shares (3.29%) at Rs 1115 apiece.

Insider Trade

• D. B. Corp: Promoter D B Power Limited bought 33,000 shares on May 15 and 16.

• K.P. Energy: Promoter Farukbhai Gulambhai Patel bought 4400 shares on May 19.

• KPI Green Energy: Promoter Farukbhai Gulambhai Patel bought 4,300 shares on May 19.

Trading Tweaks 

• Price Band change from 10% to 5%: KPI Green Energy.

• Price Band change from 5% to 2%: Gensol Engineering.

• List of securities to be excluded from ASM Framework: Alpex Solar, DCM Financial Services,

• List of securities to be included from ASM Framework: IFCI, Khaitan Chemicals & Fertilizers, Kirloskar Oil Engines, Nucleus Software Exports, Onward Technologies, RITES, Titagarh Rail Systems, Zaggle Prepaid Ocean Services.

F&O Cues

• Nifty May Futures down by 0.45% to 24,965 at a discount of 30 points.

• Nifty May futures open interest down by 1.66%.

• Nifty Options May 22 Expiry: Maximum call open interest at 26,000 and maximum put open interest at 24,000.

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

Currency 

The rupee closed 12 paise stronger at 85.40 against US dollar. It closed at 85.52 a dollar on Friday.

. Read more on Markets by NDTV Profit.The NSE Nifty 50 closed 0.3% lower at 24,945.45 and the BSE Sensex ended 0.33 down at 82,059.42.  Read MoreMarkets, Notifications 

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