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Market Highlights

Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

April 25, 2025

  • Daily Morning Report Date: 25.04.2025
  • NIFTY OUTLOOK: 24246.70 FII: 8250.53 cr DII: -534.54 cr
  • As discussed yesterday, market behaviour remained on expected lines. The index opened with mild profit booking but held above the 24240 support throughout the day and closed near it at 24246.70.
  • A small bearish candle appeared, following a bearish Doji Star and Hanging Man on the daily chart. This setup suggests a prolonged uptrend showing signs of weakening and market indecision. A decisive breakdown below 24163 could lead to a correction towards 24085–24005. If supply intensifies, it may further slip to 23920.
  • However, market sentiment remains positive. If Nifty breaks above 24327, a rally towards 24425–24490 is possible. Further demand could push it to test 24571.
  • Bank Nifty OUTLOOK:
  • SPOT: 55201.40 | PCR: 1.12 | Max CE OI: 53000 | Max PE OI: 53000
  • On 24th April 2025, Bank Nifty closed at 55201.40, down 0.30% from the previous day. The index moved 462.05 points during the session, with an intraday high of 55550.45 and a low of 55088.40.
  • The previous day’s high of 55550.45 and low of 55088.40 may act as resistance and support, respectively, for today’s trading.
  • Technical View on Daily Chart:
  • Key technical levels for Bank Nifty are 55700 as resistance and 54900 as support. If the index crosses 55700, it may move towards 56278. On the downside, a break below 54900 may lead it to 53960.
  • The RSI for Bank Nifty stands at 72.30, indicating overbought conditions, so some profit booking may occur. (Below 30 is oversold, above 70 is overbought.)
  • Bank Nifty Day SMA Analysis:
  • Bank Nifty is trading above all 8 SMAs (5, 10, 20, 30, 50, 100, 150, 200-day).
  • It is trading below none of the SMAs.
  • One bullish candlestick pattern was identified in Bank Nifty.
  • • Inverted Hammer
  • Macros
  • 1. . Dollar index @ 99.36
  • 2..Vix @26.47
  • 3.Crude @66.86
  • 4.10 years bond yield @ 4.30
  • Note: Most Asian stocks advanced on Friday, with technology shares tracking strong overnight gains in U.S. peers after better-than-expected earnings from Alphabet.
  • Regional markets followed Wall Street, which closed higher on Thursday amid optimism over U.S.-China trade talks. Hints of more Fed rate cuts also supported sentiment.
  • Tariff talks have eased tensions, but now China holds the upper hand. It will be interesting to see how China responds, as no official statement or reaction has come from Chinese authorities yet.
  • Overall, the scenario is positive for all asset classes—lower dollar index and crude prices support equities and commodities.
  • Contributed by
  • Ashok bhandari : INH000019549
  • -------------------------------------xxxxxxx-------------------------------------------------------------------xxxxxxx---------------------------------
  • News Headlines from Business News Agencies:*
  • *Business Standard*
  • India Inc revenue growth flat in Q4, but margins to widen: Crisil
  • India confident of achieving steel production target by 2030: Poundrik
  • Govt support key to growth of India's domestic comics industry, says ICA
  • Jaypee Infratech to invest Rs 6,000 cr to finish 20,000 homes in 3 years
  • PepsiCo cuts 2025 profit forecast amid trade tensions and cost pressures
  • GreenGrahi raises ₹32 cr in a seed funding round led by Avaana Capital
  • Laurus Labs Q4 results: Net profit rises three-fold to Rs 234 crore
  • Indian Rupee reverses early losses to end 15 paise stronger at 85.27/$
  • Devyani to acquire 80.72% stake in Sky Gate Hospitality for ₹419.6 cr
  • NaBFID plans $2 billion overseas fundraise via loans, bonds in FY25
  • IndiGo names ex-FAA administrator Michael Whitaker as independent director
  • GreenLine, Bekaert partner to drive sustainable logistics with LNG trucks
  • *Economic Times*
  • Zomato food delivery CEO Rakesh Ranjan still part of leadership team: Eternal
  • Cisco bags networking gear deal from Vodafone Idea
  • Tesla doubles down on robotaxi timeline; investors enthused and skeptical
  • Bhartiya Urban ventures into GCC space with Bhartiya Converge
  • India likely to export up to 700,000 tons of sugar this season, ISMA member says
  • Macrotech Developers inks pact for 5-acre joint development in Pune’s Wakad
  • NSE raises entry bar for SMEs seeking main board migration
  • India's safeguard steel tariff will help check imports, JSW Steel CEO says
  • NBFC's credit growth to moderate to 13-15% in FY25 and FY26 from 17% witnessed in last two fiscals: ICRA
  • Andromeda crosses Rs 1.08 lakh crore in loan disbursals in FY25, eyes Rs 1.20 lakh crore in FY26
  • First half of FY26 to be better than previous 6 months, gross margin to moderate further: HUL
  • *Mint*
  • 'India’s FY26 GDP may grow 6.5%; Trump tariffs to have limited impact'
  • Sebi tweaks framework for ESG Rating Providers using subscriber-pays model
  • Axis Bank Q4 Results: Profit comes flat; NII grows 6%, NIM declines YoY
  • Tycoon Palmer Agrees to Iron Ore Mine Expansion by China’s Citic
  • Adani Energy Solutions Q4 Results: Net profit surges 79% to ₹647.2 crore
  • Nestle Q4 consolidated net profit at ₹873 crore declines 6.5% year on year
  • Safety assessment rating for trucks, heavy vehicles on lines of Bharat NCAP soon: Gadkari
  • Terai gin maker Globus Spirits eyes new categories in craft space
  • Norway’s $1.7 Trillion Wealth Fund Reports Tech-Driven Loss
  • Google Blocked Motorola Use of Perplexity AI, Witness Says
  • TITAGARH RAIL: Titagarh-BHEL Launch Vande Bharat Sleeper Train Production in Kolkata
  • Titagarh Rail and BHEL inaugurated a new production line for Vande Bharat Sleeper trains at Uttarpara.
  • Part of a ₹24,000 Cr contract for 80 trains under Make in India including long-term maintenance of 35 years
  • Production includes advanced, energy-efficient, semi high-speed coaches with rollout expected next year.
  • Facility capacity being ramped up from 300 to 850 coaches annually.
  • @beatthestreet10
  • MPHASIS Q4 : CONS. NET PROFIT UP 4 % AT 446 CR (QOQ) , UP 14 % (YOY)
  • REVENUE UP 4 % AT 3710 CR (QOQ) ,UP 9 % (YOY)
  • EBIT UP 4 % AT 568 CR (QOQ) , UP 12 % (YOY)
  • MARGINS AT 15.3 % V 15.3 % (QOQ) , 14.9 % (YOY)
  • @beatthestreet10
  • UBS On SBI Life
  • Maintain Buy; Hike target price to Rs 1,915 from Rs 1,880
  • Q4FY25 review: Beat in VNB
  • APE grew 9% YoY while VNB grew 7% YoY in FY25
  • Banca channel growth stabilises while change in mix impacted agency growth
  • @beatthestreet10
  • Citi On ACC
  • Maintain Buy; Hike target price to Rs 2,500 from Rs 2,350
  • Q4: EBITDA ahead on volumes; await commentary post Ambuja results
  • Most capacity expansion will likely be at Ambuja
  • ACC should benefit from cost efficiencies targeted by the group and valuations are inexpensive
  • @beatthestreet10
  • Macquarie On Axis Bank
  • Maintain Outperform with target price of Rs 1,440
  • All eyes on loan growth trajectory
  • PAT in line: High opex, low treasury income offset by higher NIM, lower provisions
  • Credit cost lower than expected; GNPA declines 18 bps QoQ
  • @beatthestreet10
  • ROSSARI BIOTECH: Rossari Biotech Approves Capacity Expansion at Two Subsidiaries
  • Unitop Chemicals to add 18,500 MTPA by Q4 FY26 with Rs 77 Cr investment
  • Tristar Intermediates to add 3,600 MTPA with Rs 20 Cr outlay.
  • Both funded via internal accruals and debt to meet market demand and improve efficiency.
  • @beatthestreet10
  • MPHASIS Q4 ; OUTLOOK
  • Outlook: Focused on the Micro in an Uncertain Macro
  • Continue to execute with focus on the Micro, in an uncertain Macro
  • Focused on investing in growth initiatives
  • Strengthening and expanding our AI-led propositions
  • Focused on conversion of pipeline to TCV and TCV to revenue
  • Expect to be above industry growth, gaining from strong TCV wins and steady conversion of TCV to revenue across the portfolio
  • Target operating (EBIT) margin within band of 14.75% - 15.75%
  • @beatthestreet10
  • MORGAN STANLEY ON MPHASIS
  • Maintains 'Equal-Weight' Rating With Target Price Of ₹2,570
  • Q4 Results: In-Line Set Of Numbers In A Weak Environment
  • EBIT Margin Of 15.3% Was Better Than The Street
  • New Deal Wins In Q4 At $390 Mn Were Largely In-Line
  • Co Continues To See Strong Deal Pipeline Growth
  • @beatthestreet10
  • MORGAN STANLEY ON AAVAS FINANCIERS
  • Maintains 'Equal-Weight' Rating With Target Price Of ₹1,780
  • Q4 Earnings: Pre-Provision Operating Profit Missed Estimate; PAT In Line
  • Management Expects Over 20% Disbursements Growth & 20% Loan Growth In FY26
  • Targets ₹50,000 Cr AUM In The Next 5 Years
  • Valuations Appear Full
  • @beatthestreet10
  • MACQUARIE ON NESTLE
  • Maintains 'Neutral' Rating With Target Price Of ₹2,375
  • Lower Other Expenses Drive Q4 EBITDA Beat
  • Believe Lower Marketing Spends Drove This Beat
  • Do Not See Q4 Margin Performance Sustaining
  • See Limited Upside At Current Valuations Given No Major Uptick In Volume Growth Rates
  • See Limited Upside At Current Valuations Given Limited Room For Margin Expansion
  • @beatthestreet10
  • MORGAN STANLEY ON MACROTECH
  • Maintain 'Equal-Weight' Rating With Target Price Of ₹1,230
  • FY26 Guidance Bullish; Valuation Limits Upside
  • Bullish Guidance: Pre-Sales ₹21,000 Cr (+20%) In FY26 & ₹50,000 Cr By FY31
  • Implied P/E Is 31x, Which Is Expensive Vs Peers Due To Its Large Land Bank In Palava
  • @beatthestreet10
  • MACQUARIE ON TECH MAHINDRA
  • Maintains 'Underperform' Rating With Target Price Of ₹1,050
  • Encouraging Deal Wins, But Misses Estimates
  • Q4 Saw Revenue & Margin Benefits From Comviva Seasonality That Could Reverse For Q1 FY26
  • Management Suggests Original FY27 Margin Target Was Based On Normal Industry Growth Rates
  • Management Says FY27 Margin Target Was Not Based Factoring Current Industry-Wide Growth Headwinds
  • Expect Co Will Find It Difficult To Reach Its 15% EBIT Margin Target By FY27
  • @beatthestreet10
  • JEFFERIES ON NESTLE
  • Maintains 'Hold' Rating With Target Price Of ₹2,350
  • A Slight Miss In Q4 Results
  • Miss On Gross Margins; Volume Growth Was Anemic, But Broadly Mirrors Industry Trend
  • Input Cost Inflation Trend Is Mixed
  • Cuts Earnings Per Share By 3%
  • @beatthestreet10
  • BOFA ON AUTO
  • Delhi Proposes Road Tax Waiver For Hybrid
  • Delhi With 5% Salience In PV Cannot Move Needle By Itself For Hybrid Adoption In India
  • Delhi Is Seen As A Progressive State On Green Mobility & Can Set A Precedent For Other States
  • More Hybrid Models Needed For Wider Adoption
  • Proposed Road Tax Waiver For Hybrid Is Positive Move For Maruti Suzuki
  • @beatthestreet10
  • NELCO Q4 :CONS NET LOSS AT 4.08 CR LOSS V 6.1 CR PROFIT (YOY), 4.95 CR PROFIT (QOQ)
  • REVENUE DOWN 17 % AT 675 CR (YOY) ,DOWN 46 % (QOQ)
  • EBITDA DOWN 55 % AT 66.3 CR (YOY),DOWN 46 %(QOQ)
  • MARGINS AT 9.8 % V 18 % (YOY), 15.1 % (QOQ)
  • @beatthestreet10
  • NOMURA ON AXIS BANK
  • Maintain Buy, target price ₹1,450 vs ₹1230
  • Pickup in loan growth will be key
  • Build loan/deposit growth of 12%/13% CAGR in FY25-FY27F
  • Current valuation of 1.7x FY26 BVPS looks inexpensive
  • @beatthestreet10
  • INVESTEC ON AXIS BANK
  • Maintain Buy, target price ₹1,430 vs ₹1,298
  • A steady quarter; sustained follow-through key for re-rating
  • Inline NII and core PPoP; lower credit costs lead to PAT beat
  • Healthy QoQ deposits, while loan growth stays soft
  • GNPA and NNPA fell due to lower seasonal slippages and strong recoveries
  • Factor in ~100bps repo rate cuts in FY26 driving ~20bp YoY NIM decline, along with elevated CD ratios and credit cost
  • @beatthestreet10
  • NUVAMA ON AXIS BANK
  • Maintain Buy, target price raised to ₹1,400 vs ₹1,220
  • Sequential traction in growth and NPL
  • Lower slippage, tighter classification and peak of corporate credit NPLs
  • Asset quality in corporate credit has stabilized while personal loans will take a few quarters
  • Tightened asset classification on certain loans will lead to marginally higher credit cost and lower recoveries in FY26E
  • @beatthestreet10
  • JEFFERIES ON AXIS BANK
  • (CMP: ₹1207.10)
  • TARGET PRICE: 1,450
  • MAINTAIN BUY
  • Q4FY25 Profit Of ₹7,100 Cr Was Flat YoY & In-line With Estimates
  • Lower Credit Cost Supported Profits, Though Treasury Income Was Weak
  • Lags Peers On Growth & Asset Quality Maintain NIMs Better
  • With Improving Growth & Liquidity, Axis Could Bridge The 25-35% Valuation Discount To Peers
  • EPS Cut Reflects Anticipated Rate Cuts
  • @beatthestreet10
  • JEFFERIES ON SYNGENE INTL
  • Maintains 'Hold' Rating & Cuts Target Price To ₹650 From ₹860
  • Q4 Results Miss & Subdued FY26 Guidance
  • FY26 Margin Guidance Implies EBITDA Decline Of 11-12%
  • Co's FY26 Is Impacted By Lower Sales Outlook For Librela & Higher Opex From New Capacity
  • Cuts FY26, FY27 EBITDA Estimates By 28%, 27% Each
  • @beatthestreet10
  • UBS ON ACC
  • Maintains 'Buy' Rating With Target Price Of ₹2,250
  • Q4 Results: Beat; Robust Rebound Post Weak Q3 Comforting
  • Sustained Volume Growth, Robust Margin Improvement 8 Post Weak Q3 Will Give Comfort To Investors
  • Might Potentially See Increase In Margin Estimates Driven By Better Pricing & Cost Control
  • @beatthestreet10
  • Investec On Nestle
  • Downgrade to Sell from Hold; Hike target price to Rs 2,386 from Rs 2,379
  • Valuations outpacing growth expectations
  • Topline growth remains soft
  • Raw material pressure weighs on operating margins
  • @beatthestreet10
  • JEFFERIES ON CAN FIN HOMES
  • (CMP: ₹708.65)
  • MAINTAIN BUY
  • TARGET PRICE: ₹900
  • Q4 PAT At 230 Cr Slightly Beat Est As Lower Tax Offset Minor NII Miss & Higher Opex
  • Loan Growth Is Expected To Improve Gradually In FY26
  • NIMs Should Remain Stable Despite Rate Easing, Thanks To Slower Repricing Of Back-book Vs 60% EBLR/CP-linked Liabilities.
  • Asset Quality Remains Stable
  • Jefferies Sees 12% EPS CAGR & 17-18% RoE Over FY25-27
  • Valuation At 1.6x FY26 BV Is Seen As Reasonable
  • @beatthestreet10
Panchkarma