Stock Market Today: All You Need To Know Going Into Trade On May 7 Vrathik Jain NDTV Profit

Good morning! 

The GIFT Nifty traded 0.4% higher at 24,316 as of 7:10 am, signalling a positive start to Indian equities.

Asian stocks rose at the open and the dollar strengthened on confirmation the US and China will hold dialogue, spurring optimism trade tensions between the world’s two largest economies will ease.

The S&P 500 closed down 0.8% Tuesday after Trump said he would prescribe tariff levels and concessions for partners looking to avoid higher duties, appearing to move away from the idea that he would engage in back-and-forth negotiations.

Back home, India’s benchmark equity indices snapped a two-day gaining streak on Tuesday. The NSE Nifty 50 and BSE Sensex snapped a two-day gaining streak. The NSE Nifty 50 closed 114.45 points or 0.47% higher at 24,461.15, while the BSE Sensex ended 294.85 points or 0.37% up at 80,796.84.

Global Market Moves (As Of 6:45 am IST):

• Hang Seng futures rose 1.3%.

• S&P 500 futures rose 0.8%.

• Japan’s Topix rose 0.3%.

• Australia’s S&P/ASX 200 was little changed.

• Euro Stoxx 50 futures fell 0.4%.

India Conducts Operation Sindoor

• Precision strikes carried out on terrorist sites in Pakistan & PoK.

• Nine locations including JeM & LeT headquarters hit in precision strikes.

• The forces used Kamikaze drones – weapons designed to crash into a target.

• “Our actions have been focused, measured and non-escalatory in nature”: MoD Spokesperson.

• No Pakistani military, economic facilities have been targeted: MoD Spokesperson.

• India has demonstrated considerable restraint in the selection of targets and the method of execution: MoD Spokesperson.

• Pakistan resorted to violation of ceasefire along the border in Jammu.

• All air defence units have been activated all along the India-Pakistan border.

Catch all the live updates here.

Nifty Earnings To Watch

• Coal India

Other Earnings To Watch

Apcotex Industries, APL Apollo Tubes, Blue Star, Car Trade Tech, Craftsman Automation, Dabur India, Housing & Urban Development Corporation, Lloyds Engineering Works, Man Industries (India), MRF, Niva Bupa Health Insurance Company, Route Mobile, Sapphire Foods India, Satin Creditcare Network, Somany Ceramics, Sonata Software, Symphony, Tata Chemicals, United Breweries, Voltas and Wonderla Holiday.

Earnings Reactions To Watch

HPCL Q4FY25 Highlights (Standalone, QoQ)

• Revenue down 0.92% at Rs 1,09,492 crore versus Rs 1,10,505 crore. (Bloomberg estimate: Rs 1,09,544 crore)

• Ebitda down 2.78% at Rs 5803 crore versus Rs 5969 crore.

• Ebitda margin down 10 bps at 5.29% versus 5.4%.

• Net profit up 10.98% at Rs 3,354 crore versus Rs 3,022 crore.

Paytm FY25 Highlights (Consolidated, QoQ)

• Revenue up 4.6% to Rs 1,911.5 crore versus Rs 1,827.8 crore (Bloomberg estimate: 2,035.2 crore)

• Net loss at Rs 544.6 crore versus loss of Rs 208.5 crore (Estimate: Loss of Rs 178 crore)

• Ebitda loss at Rs 88.6 crore versus loss of Rs 222.4 crore (Estimate: Loss of Rs 62.7 crore)

• One-time loss of Rs 522 crore in Q4.

• 522 crore includes an accelerated charge of Rs 492 crore after CEO said they will forego ESOPs.

• Net payment margin of Rs 578 crore. Excluding UPI incentive, net payment margin was Rs 508 crore, up 4% QoQ.

• Gross merchant value up by 1% QoQ to Rs 5.1 lakh crore.

• Financial services revenue increased to Rs 545 crore, up 9% QoQ.

• Merchant subscriber base for devices has reached 1.24 crore as of March 2025, an addition of eight lakh QoQ.

• Cash balance of Rs 12,809 crore.

Radico Khaitan Q4FY25 Highlights (Consolidated, YoY)

• Revenue up 15% at Rs 1,304 crore versus Rs 1,078 crore.

• Ebitda up 45% at Rs 178 crore versus Rs 122 crore.

• Margin at 13.6% vs 11.3%

• Net Profit up 59.7% at Rs 90.7 crore versus Rs 56.8 crore.

Mahanagar Gas Q4FY25 Highlights (Standalone, QoQ)

• Revenue up 5.7% to Rs 1,864.85 crore versus Rs 1,757.57 crore (Bloomberg estimate: Rs 1,803 crore)

• Ebitda up 20% to Rs 378.37 crore versus Rs 314.41 crore (Bloomberg estimate: Rs 353 crore)

• Margin at 20.3% versus 17.9% (Bloomberg estimate: 19.6%)

• Net Profit up 12% to Rs 252.19 crore versus Rs 225.37 crore (Bloomberg estimate: Rs 245.1 crore)

Kansai Nerolac Q4FY25 Highlights (Consolidated, YoY)

• Revenue up 2.7% to Rs 1,816.65 crore versus Rs 1,769.39 crore

• Net Profit down 6.5% to Rs 108.46 crore versus Rs 116.03 crore

• Ebitda down 7.4% to Rs 165.72 crore versus Rs 178.99 crore

• Margin at 9.1% versus 10.1%

Aptus Value Housing Finance Q4FY25 Highlights (Standalone, YoY)

• Total Income up 24.7% to Rs 370 crore versus Rs 296 crore.

• NII up 11.39% at Rs 215 crore versus Rs 193 crore.

• Net profit up 38.8% to Rs 170 crore versus Rs 122 crore.

• AUM as of FY25 at Rs.10,865 crores, growth of 25% year-on-year.

• GNPA at 1.18% vs 1.2% (QoQ)

• NNPA at 0.88% vs 0.89% (QoQ)

• Aim for Rs. 25,000 crore AUM by FY28

Avalon Tech Q4FY25 Highlights (Consolidated, YoY)

• Revenue up 58% at Rs 343 crore versus Rs 217 crore.

• Ebitda Rs 41 crore versus Rs 17 crore

• Margin at 12% versus 7.9%

• Net Profit at Rs 24.2 crore versus Rs 7 crore

• Order book has increased by 29.0% YoY

• India manufacturing representing 87% of revenue, delivered 14.2% Ebitda and 9.5% PAT in FY25.

EMudhra Q4FY25 Highlights (Consolidated, QoQ)

• Revenue up 6% at Rs 149 crore versus Rs 141 crore

• EBIT up 21% at Rs 31 crore versus Rs 26 crore

• EBIT Margin At 20.8% versus 18.2%

• Net Profit up 13.8% at Rs 24 crore versus Rs 21 crore

KEI Industries Q4FY25 Highlights (Consolidated, YoY)

• Revenue up 25.1% to Rs 2,914.78 crore versus Rs 2,330 crore. (Estimate Rs 2,914 crore)

• Ebitda up 17% to Rs 301.27 crore versus Rs 258.35 crore.

• Margin at 10.3% versus 11.1%.

• Net profit up 34% to Rs 226.54 crore versus Rs 168.47 crore. (Estimate Rs 226 crore)

Aadhar Housing Finance Q4FY25 Highlights (Standalone, YoY)

• Total income up 20.5% to Rs 833.75 crore versus Rs 691.73 crore

• NII up 21.79% at Rs 408 crore versus Rs 335 crore.

• Net Profit up 22% to Rs 245.24 crore versus Rs 201.15 crore

• AUM up 21% at Rs 25,531 crore versus Rs 21,121 crore.

• Gross NPA at 1.08% versus 1.42% (QoQ)

• NNPA at 0.71% versus 0.92% (QoQ)

• Board increased the Borrowing powers limits up to Rs 30,000 crore.

Godrej Consumer Products Q4FY25 Highlights (Consolidated, YoY)

• Revenue up 6.2% to Rs 3,598 crore versus Rs 3,385 crore (Bloomberg estimate: Rs 3,616.94 crore).

• Ebitda up 0.4% to Rs 759 crore versus Rs 756 crore (Estimate: Rs 739.02 crore)

• Margin at 21.1% versus 22.3% (Estimate: 20.4%)

• Net profit to Rs 412 crore versus loss of Rs 1,893 crore (Estimate: Rs 490.78 crore)

Segmental breakup

• Home care grew by 14%

• Personal care grew by 4%

• Household insecticides grew in double digits

Aarti Drugs Q4FY25 Highlights (Consolidated, YoY)

• Revenue up 9% to Rs 676 crore versus Rs 620 crore

• Ebitda up 8% to Rs 93.2 crore versus Rs 86.1 crore

• Margin at 13.8% versus 13.9%

• Net Profit up 33% to Rs 63 crore versus Rs 47.4 crore

BSE Q4FY25 Highlights (Consolidated, QoQ)

• Revenue up 7.7% to Rs 846.6 crore versus Rs 786 crore (Bloomberg estimate: Rs 770.04 crore)

• Net Profit up 127% to Rs 493 crore versus Rs 217 crore (Bloomberg estimate: Rs 409.84 crore)

• Operating Ebitda including Core SGF at Rs 593.6 crore versus Rs 235 crore

• Operating Ebitda margin including Core SGF at 70% versus 31%

• Alert: SGF is Settlement Guarantee Fund

NSE Q4 (Consolidated, QoQ)

• Revenue from operations at 3,771 cr vs 4,349 cr down 18% YoY, 13 QoQ

• Operating EBITDA at 2799 cr vs 3,398 cr down 8% YoY, 18% QoQ

• Operating EBITDA Margin 74% vs 78%

• PAT 2,650 cr vs 3,834 cr down 31% QoQ, up 7% YoY

FY25

• Cash Market volume grew by 40%

• Equity Futures volume grew by 40%

• Equity Options volume grew 2%

• Currency Derivatiives volume degrew 81%

Q4

• Cash Market volume degrew by 13%

• Equity Futures volume degrew by 9%

• Equity Options volume degrew 31%

• Currency Derivatiives volume degrew 81%

Piramal Enterprises Q4 Highlights (Consolidated, YoY) — Below Estimates

• Total Income up 20% to Rs 3,032.6 crore versus Rs 2,528.16 crore.

• Net Profit down 25% to Rs 102.44 crore versus Rs 137 crore (Bloomberg estimate: Rs 126.5 crore).

• GNPA at 2.8% versus 2.8%

• NNPA at 1.9% versus 1.5%

• Total assets under management of Rs 80,689 crore, up 36%.

• Retail AUM up 35% YoY (80% of total AUM)

Outlook for FY26

• AUM growth of 25% (YoY)

• Growth AUM to grew by 30%

• Retail AUM to grow to 85%

• PAT at Rs 1,300-1,500 crore

Kansai Nerolac Q4FY25 Highlights (Consolidated, YoY)

• Revenue up 2.7% to Rs 1,816.65 crore versus Rs 1,769.39 crore

• Ebitda down 7.4% to Rs 165.72 crore versus Rs 178.99 crore

• Margin at 9.1% versus 10.1%

• Net Profit down 6.5% to Rs 108.46 crore versus Rs 116.03 crore

Stocks To Watch

• Prestige Estates Projects: Prestige City residential project sees sales of over Rs 3,000 crore across 1,200 units within a week of launch.

• Tera Software: A consortium led by their Partner IWs ITI received an orders from BharatNet Project for middle mile network – NER-II in Arunachal Pradesh, Nagaland and Manipur with a total worth of order value of Rs 1,901 crore.

• Tamilnad Mercantile Bank: The company revised MCLR to 9.5% from 9.6% effective May 7.

• GMDC: The company signed a long-term supply agreement with City Gold Pipes for supply of limestone to get the supply of 150 MT limestone over a period of 40 years from Kutch.

• Cyient: The company appointed Sukamal Banerjee as CEO and Prabhakar Atla as CFO.

• NLC India: A company unit signed a power purchase agreement for solar power project with Rajasthan Rajya Vidyut Utpadan Nigam.

Brokerage Radar

Macquarie on Kansai Nerolac

• Maintain ‘Neutral’ with price target of Rs 255.

• Q4 Ebitda miss on higher subsidiary losses.

• Sales beat offset by weak subsidiary performance.

• Liked the market leading growth in automotive segment and strong growth in performance coatings.

Macquarie on Paytm

• Maintained ‘Underperform’ with a price target of Rs 730.

• Heading towards profitability.

• Improving distribution revenue, operating leverage drive profitability.

• Management expects MDR on UPI to improve payment revenue.

• Upside risks to earnings, primarily driven by higher distribution revenue.

Jefferies on Kajaria Ceramics

• Maintained ‘Buy’; cut price target to Rs 1,120 from Rs 1,420.

• Plywood Business Closure Drags Financials.

• A muted quarter in Bathware, and losses in the UK operation.

• Cut EPS and target PE to 30 times  from 35 times.

• Now, we estimate +9% YoY volumes in FY26 vs double-digit earlier.

Jefferies on Polycab

• Maintain Buy; Hike TP to Rs 7,050 from Rs 6,485.

• Q4 Beat; Strong Exit to FY25.

• Market share gains continued, with organized share now at 26-27%.

• Over FY25-27, see no financial impact from new entrants.

• Est strong sales/PAT CAGR at +20%/+26%, driven by C&W, new orders and FMEG improvement.

HSBC on Avenue Supermarts

• Downgraded to ‘Reduce’ from ‘Hold’; Cut TP to Rs 3,500 from Rs 4,500.

• Too many carts to choose.

• 7% miss on consensus Ebitda in Q4 as competition dents Ebitda margin.

• Expect overall gross margins in the mature metro towns to remain soft for a certain period.

Bulk Deals

• Capacite Infraproject: Capri Global Holdings sold 6.5 lakh shares (0.76%) at Rs 338.61 apiece.

Trading Tweaks

• Ex/dividend: Sundram Fasteners, Varun Beverages, Crisil, Avantel.

• List of securities shortlisted in Short – Term ASM Framework Stage 1: Kalyani Forge, Krystal Integrated Services.

• List of securities to be excluded from ASM Framework: Focus Lighting and Fixtures, Jyoti Structures.

F&O Cues

• Nifty May Futures down by 0.56% to 24,415 at a premium of 36 points.

• Nifty May futures open interest up by 0.06%.

• Nifty Options May 8 Expiry: Maximum call open interest at 24,500 and maximum put open interest at 24,000.

• Put-Call ratio at 0.73, with highest change in Call open interest at 24,400.

• Securities in ban period: CDSL, RBL Bank, Manappuram Finance. 

Currency/Bond

• The rupee settled 19 paise weaker at 84.44 against the US dollar.

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

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