Stock Market Today: All You Need To Know Going Into Trade On May 30 Prajwal Jayaraj NDTV Profit

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The GIFT Nifty was up 0.04% at 24,948.50 as of 8:15 a.m., signaling a higher start to Indian markets today.

Asian stocks dipped on Friday as fresh data pointed to a cooling US economy and investors assessed the legal overhangs tied to President Trump’s trade policies. Futures on the S&P 500 slipped 0.3%, reflecting a cautious mood across global markets.

In Tokyo, consumer prices surged at the fastest pace in two years—a troubling development for Prime Minister Shigeru Ishiba as he heads into a crucial summer election. Adding to the uncertainty, Trump reportedly urged Federal Reserve Chair Jerome Powell in a White House meeting to slash interest rates, arguing that maintaining current borrowing costs is a policy misstep.

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Markets On The Home Turf

The benchmark equity indices closed higher, snapping a two-day slump on Thursday as share prices of IndusInd Bank Ltd. and Sun Pharmaceutical Industries Ltd. gained the most.

The NSE Nifty 50 closed 81.15 points or 0.33% higher at 24,833.60 and the BSE Sensex ended 320.7 points or 0.39% up at 81,633.02. During the day, the Nifty rose 0.57% to 24,892.6, while the Sensex also rose 0.62% to 81,816.89.

Foreign portfolio investors remained net buyers of Indian equities for the fifth straight session on Thursday, mopping up stocks worth Rs 884 crore, according to the provisional data from the National Stock Exchange.

Domestic institutional investors stayed net buyers for the eighth straight session as they bought equities worth Rs 4,286.5 crore, the data showed.

The FPIs had bought shares worth Rs 4,662.9 crore on Monday.

Everything That Could Influence Indian Equities Today:

Asian Markets Update

• S&P 500 futures fell 0.24%.

• Hang Seng index futures were up 0.90%.

• Futures for the Nikkei 225 on the Osaka Exchange fell 0.29%.

• Japan’s Topix index fell 0.90%.

• Australia’s S&P/ASX 200 index fell marginally.

• Euro Stoxx 50 futures were down 0.15%.

Commodity Check

• West Texas Intermediate crude declined 0.44% to trade at $60.67 per barrel.

• Spot gold declined by 0.07% to $3,315.75 per ounce.

London Metal Exchange

• Copper rose 0.03%, reversing losses.

• Nickel was up 2.43%, reversing downward trend.

• Aluminium was down 0.73%, extending losses.

• Zinc was down 0.43%, extending downward streak.

• Lead fell 0.98%, extending declines.

US Market Updates

Wall Street traders, buoyed by Nvidia Corp.’s strong earnings, were soon met with sobering signs of a cooling economy and fresh legal clouds over Donald Trump’s trade policies. President Trump also ramped up pressure on Federal Reserve Chair Jerome Powell, accusing him of making a mistake by holding off on rate cuts.

The early optimism on the Street faded, with the S&P 500 giving up most of its nearly 1% intraday gain after data showed the US economy contracted at the start of the year, dragged down by weaker consumer spending and a deeper trade hit than previously estimated. Meanwhile, pending home sales in April posted their sharpest drop since September 2022, and a rise in continuing jobless claims hinted at growing unemployment.

The S&P 500 ended up 0.4%, the Nasdaq 100 added 0.2%, and the Dow Jones Industrial Average rose 0.3%.

Nifty Earnings To Watch

• Apollo Hospitals Enterprise

Other Earnings To Watch

• Vodafone Idea

• FSN E-Commerce Ventures (Nykaa)

• Ashiana Housing

• AstraZeneca Pharma India

• Ahluwalia Contracts (India)

• Valor Estate

• Easy Trip Planners

• Fiem Industries

• Genesys International Corporation

• Genus Power Infrastructures

• Greenlam Industries

• Indo Count Industries

• Ingersoll-Rand (India)

• Inox Green Energy Services

• Inox Wind

• Inox Wind Energy

• Jamna Auto Industries

• La Opala RG

• National Fertilizers

• PNC Infratech

• PTC Industries

• Puravankara

• Ramkrishna Forgings

• Rolex Rings

• SML Isuzu

• SMS Pharmaceuticals

• Spandana Sphoorty Financial

• Sun TV Network

• Swan Energy

• TCI Express

• TCPL Packaging

• Titagarh Rail Systems.

Stocks In The News

• Castrol India: The company issued a clarification stating that it cannot confirm the details of a media report suggesting that Reliance Industries, Aramco, and other entities are eyeing British Petroleum’s lubricant business. The company further clarified that it is not involved in any negotiations between the parties mentioned and is not aware of any information beyond the announcement.

• Cipla: The company’s UK arm Incorporates wholly owned subsidiary Ciplarna GmbH In Germany.

• Wipro: The company unveiled its Global Wipro Innovation Network to accelerate co-innovation with clients.

• NLC: The company entered into an agreement with Mahatma Phule Renewable Energy and Infrastructure Technology Ltd. to establish a joint venture focused on green energy initiatives.

• Yes Bank: The bank will consider fundraising on June 3.

• Lumax Auto: Ashish Dubey resigned as chief financial officer.

• UltraTech Cement: The company completed the acquisition of Wonder Wallcare.

• Allcargo Logistics: The company’s Less Than Container Load volume stood at 707,000 cubic meters as compared to 724,000 cubic meters (YoY).

• Himadri Speciality Chemical: The company’s commercial production commences at tyre facility in Balasore.

• Rail Vikas Nigam: The company in memorandum of understanding with Texmaco Rail to establish a framework for collaboration in the railway sector.

• Allcargo Logistics: The Less than Container Load volume stood at 707,000 cubic meters as compared to 724,000 cubic meters (YoY).

Earnings Post Market Hours

Bajaj Auto Q4 FY25 Results Highlights (Standalone, YoY)

• Revenue up 5.8% to Rs 12,147 crore versus Rs 11,484 crore. (Estimate Rs 12,113 crore)

• Ebitda up 6% to Rs 2,450 crore versus Rs 2,306 crore. (Estimate Rs 2,434 crore)

• Margin at 20.2% versus 20.1%. (Estimate Rs 20%)

• Net Profit up 6% to Rs 2,049 crore versus Rs 1,936 crore. (Estimate Rs 2,013 crore)

Suzlon Energy Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue up 73.15% at Rs 3,773 crore versus Rs 2,179 crore.

• Ebitda up 88.42% at Rs 646.53 crore versus Rs 343.12 crore.

• Ebitda margin up 138 bps at 17.13% versus 15.74%.

• Net profit up 365.35% at Rs 1,182 crore versus Rs 254 crore.

Mazagon Dock Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue up 2.28% at Rs 3174 crore versus Rs 3103 crore.

• Ebitda  down 82.88% at Rs 89.71 crore versus Rs 524.2 crore.

• Ebitda margin down 1406 bps at 2.82% versus 16.89%.

• Net profit down 50.9% at Rs 325 crore versus Rs 662 crore.

• Other Income at 309 crore vs 348 crore.

SJVN Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue up 4.56% at Rs 504 crore versus Rs 482 crore.

• Ebitda  up 0.83% at Rs 241 crore versus Rs 239 crore.

• Ebitda margin down 176 bps at 47.81% versus 49.58%.

• Net loss at Rs 127 crore versus profit of Rs 61 crore.

• Exceptional Gain of Rs 103.84 crore in last year same quarter.

Landmark Cars Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue up 26.3% to Rs 1,091 crore versus Rs 864 crore.

• Ebitda up 2% to Rs 54.64 crore versus Rs 53.47 crore.

• Margin at 5.0% versus 6.2%.

• Net Profit down 86% to Rs 1.42 crore versus Rs 10.50 crore.

• Higher proportion of total expenses in the current quarter.            

Ola Electric Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue down 61.8% to Rs 611.00 crore versus Rs 1,598.00 crore.

• Ebitda loss widens by 123% to Rs 695.00 crore versus Rs 312.00 crore.

• Net Loss widens by 109% to Rs 870.00 crore versus Rs 416.00 crore.

Sobha Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue up 62.6% to Rs 1,240.61 crore versus Rs 762.86 crore.

• Ebitda up 52% to Rs 94.05 crore versus Rs 62.06 crore.

• Margin at 7.6% versus 8.1%.

• Net Profit up 476% to Rs 40.85 crore versus Rs 7.09 crore.

• Higher proportion of total expenses in the last year same quarter.           

ICRA Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue up 10% to Rs 136 crore versus Rs 124 crore.

• Ebitda up 18.7% to Rs 59.2 crore versus Rs 49.8 crore.

• Margin at 43.4% versus 40.2%.

• Net Profit up 19% to Rs 55.7 crore versus Rs 47 crore.

• To pay dividend of Rs 60.

Amara Raja Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue up 5.2% to Rs 3,060 crore versus Rs 2,908 crore.

• Ebitda down 16.9% to Rs 341 crore versus Rs 410 crore.

• Margin at 11.1% versus 14.1%.

• Net Profit down 29.7% to Rs 162 crore versus Rs 230 crore.

• To pay final dividend of Rs 5.20.

KNR Constructions Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue down 31% to Rs 975 crore versus Rs 1,414 crore.

• Ebitda down 40.8% to Rs 222 crore versus Rs 375 crore.

• Margin at 22.7% versus 26.5%.

• Net Profit down 60.6% to Rs 139 crore versus Rs 353 crore.

Mrs. Bectors Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue increased 9.9% to Rs 446 crore versus Rs 406 crore.

• EBITDA fell 4.5% to Rs 55.7 crore versus Rs 58.3 crore.

• Margin at 12.5% versus 14.4%.

• Net Profit rose 2% to Rs 34.3 crore versus Rs 33.6 crore.

Procter & Gamble Health Q4 FY25 Results Highlights (YoY)

• Revenue grew 23.2% to Rs 311 crore versus Rs 252.5 crore.

• Ebitda increased 20% to Rs 81 crore versus Rs 67.4 crore.

• Margin at 26% versus 26.7%.

• Net Profit jumped 31.4% to Rs 61.2 crore versus Rs 46.6 crore.

Shivalik Bimetal Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue rose 3.7% to Rs 132 crore versus Rs 128 crore.

• Ebitda surged 29.9% to Rs 28.6 crore versus Rs 22 crore.

• Margin at 21.6% versus 17.2%.

• Net Profit declined 18% to Rs 21 crore versus Rs 25.7 crore.

• PAT declined due to lower other Income at Rs 3.38 crore vs Rs 13.97 crore.

Technocraft Industries Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue increased 18.5% to Rs 702 crore versus Rs 592 crore.

• Ebitda climbed 31.3% to Rs 110 crore versus Rs 84 crore.

• Margin at 15.7% versus 14.2%.

• Net Profit grew 20.2% to Rs 66 crore versus Rs 54.9 crore.

TARC Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue up 24.6% to Rs 11.8 crore versus Rs 9.5 crore.

• Ebitda Loss at Rs 83.6 crore versus loss of Rs 17 crore.

• Net Loss at Rs 104.5 crore versus loss of Rs 51.7 crore.

Senco Gold Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue up 21% to Rs 1,378 crore versus Rs 1,137 crore.

• Ebitda up 44.9% to Rs 127 crore versus Rs 87.6 crore.

• Margin at 9.2% versus 7.7%.

• Net Profit up 93.8% to Rs 62 crore versus Rs 32 crore.

Lemon Tree Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue up 15.6% to Rs 379 crore versus Rs 327 crore.

• Ebitda up 19% to Rs 204 crore versus Rs 171 crore.

• Margin at 53.9% versus 52.4%.

• Net Profit up 26.4% to Rs 84.6 crore versus Rs 67 crore.

Concord Biotech Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue up 34.8% to Rs 430 crore versus Rs 319 crore.

• Ebitda up 41.8% to Rs 190 crore versus Rs 134 crore.

• Margin at 44.3% versus 42.1%.

• Net Profit up 47.8% to Rs 140 crore versus Rs 95 crore.

• To pay a dividend of Rs 10.7.

Gujarat Pipavav Port Q4 FY25 Results Highlights (Consolidated, YoY)

• Revenue flat At Rs 252 crore

• Net Profit up 70.7% At Rs 112 crore versus Rs 65.8 crore

• Ebitda flat at Rs 157 crore

• Margin at 62.2% versus 62.6%

Confidence Petroleum Q4 FY25 Results Highlights (Consolidated, QoQ)

• Revenue up 32.6% at Rs 925 crore versus Rs 697 crore

• Net Profit down 25.7% at Rs 22.8 crore versus Rs 30.7 crore

• Ebitda up 12% at Rs 90.5 crore versus Rs 80.8 crore

• Margin at 9.8% versus 11.6%

NBCC Q4 Highlights (Consolidated, YoY)

• Revenue up 16.2% to Rs 4,643 crore versus Rs 3,996 crore.

• Ebitda up 19.4% to Rs 290 crore versus Rs 243 crore.

• Margin at 6.2% versus 6.1%.

• Net Profit up 29.3% to Rs 176 crore versus Rs 136 crore.

IPO Offering

• Prostarm Info Systems: The public issue was subscribed 97.2 times on day 3. The bids were led by qualified institutional investors (104.49 times), non-institutional investors (222.14 times), retail investors (39.49 times).

• Scoda Tubes: The public issue was subscribed 8.11 times on day 2. The bids were led by qualified institutional investors (1.93 times), non-institutional investors (20.21 times), retail investors (6.46 times).

Brokerage Radar

Jefferies on Bajaj Auto

• Maintained ‘hold’ and hiked target price to Rs 8,000 from Rs 7,750.

• The quarter ended March 2024 was decent, supported by an improvement in average selling price.

• The brokerage remains positive on growth prospects for both domestic and export two-wheelers.

• Jefferies likes Bajaj Auto’s expanding electric vehicle franchise.

• It is concerned about the dip in domestic motorcycle market share and the decline in volume share in India’s two-wheeler exports.

• Jefferies expects a 13% compound annual growth rate in Earnings Per Share over fiscals 2025 to 2028.

• However, the stock is trading at 26 times estimated EPS for the year ending March 2026, which is not considered cheap. 

Investec on Suzlon

• Maintained a ‘buy’ call with a target price of Rs 70.

• Strong execution and order book affirm positive outlook.

• The company has evolved into a net-cash entity with strong RoE and RoCE.

• Aided by a rapidly expanding order book, a robust pipeline of bids and fully optimised supply chain.

• Investec forecasts Suzlon to register compound growth of 49% and 26% respectively in revenue and PAT over fiscals 2025 to 2027.

Jefferies on Alkem Labs

• Jefferies maintained an ‘underperform’ rating and lowered the target price to Rs 4,460 from Rs 4,580.

• The quarter ended March was below expectations, with the company now shifting focus towards accelerating growth.

• After an 18-month period of margin improvement, Alkem is pivoting to growth-led initiatives.

• Backed by stronger growth in India, Alkem has guided for high single-digit revenue growth in the year ending March 2026 and double-digit growth in the year ending March 2027.

• Ebitda margin guidance for fiscal 2026 is flat year-on-year at 19.5%, as the new initiatives require increased research and development spending.

• Jefferies has cut its Earnings Per Share estimates for fiscals 2026 and 2027 by 3–6%.

Block Deals

• Interglobe Aviation: BNP Paribas Financial Markets bought 0.46 lakh shares (0.01%) at Rs 5246.35 apiece, while Morgan Stanley Asia (Singapore) Pte. sold 0.46 lakh shares (0.01%) at Rs 5246.35 apiece.

Bulk Deals

• Axiscades Technologies: Sudhakar Gande sold 2.26 lakh shares (0.54%) at Rs 1045 apiece, while Hindusthan Infrastructure bought 2.26 lakh shares (0.54%) at Rs 1045 apiece.

• Gensol Engineering: Neo Apex Venture Llp bought 3.8 lakh shares (1%) at Rs 61.72 apiece, while Ra International sold 2 lakh shares (0.52%) at Rs 61.72 apiece.

• Harsha Engineers Int: DSP Mutual Fund bought 4.64 lakh shares (0.5%) at Rs 383 apiece.

Insider Trading

• Thirumalai Chemicals: Promoter Narayan Santhanam sold 7,000 shares.

• Ultramarine & Pigments: Promoter Narayan S sold 4000 shares.

• NRB Bearings: Promoter Harshbeena Zaveri bought 4700 shares.

• Wardwizard Innovations & Mobility: Promoter Yatin Sanjay Gupte sold 64.50 lakh shares between May 21 and May 27.

• Insolation Energy: Promoter Vikas Jain Huf bought 14000 shares

• Aarti Pharmalabs: Promoter Orchid Family Trust (Relacion Trusteeship Services Private Limited) sold 30000 shares.

• Aarti Pharmalabs: Promoter Tulip Family Trust (Gloire Trusteeship Services Private Limited) sold 20000 shares.

Pledge Shares

• Wardwizard Innovations & Mobility: Promoter Yatin Sanjay Gupte created a pledge for 50 lakh shares.

Trading Tweaks

• Price Band change from 10% to 5%: ITI, Unimech Aerospace and Manufacturing, Sejal Glass.

• Price Band change from 20% to No Band: Bharat Dynamics, Blue Star, Fortis Healthcare, Kaynes Technology India, Mankind Pharma, Mazagon Dock Shipbuilders, Piramal Pharma, RVNL, UNO Minda.

• Price Band change from no band to 20%: Apollo Tyres, Deepak Nitrite, Escorts Kubota, MRF, The Ramco Cements.

• Price Band change from 20% to 10%: Centum Electronics, Godavari Biorefineries, Garden Reach Shipbuilders & Engineers.

• Shares to Exit-Lock In: Fedbank Financial Services.

• Ex-Dividend: Infosys, Bajaj Finance, Caplin Point Labs, GlaxoSmithkline Pharma, Home First Finance, UNO Minda, Jagran Prakashan, Advani Hotels and Resorts.

F&O Cues

• Nifty May Futures up by 0.42% to 24,965 at a premium of 132 points.

• Nifty May futures open interest up by 2.36%.

• Nifty Options June 6 Expiry: Maximum Call open interest at 26,800 and Maximum Put open interest at 24,000.

• Securities in ban period: Nil.

Currency Update 

The Indian rupee weakened by 16 paise to close at Rs 85.53 against the US dollar on Thursday, extending its fall for the third day, in comparison to its previous close of Rs 85.37 on Wednesday. This significant depreciation comes amid various global and domestic economic factors influencing the currency markets.

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