More Stories

Informist, Tuesday, May 27, 2025                                      Tel +91 (22) 6985-4000

Equity Alert: Bosch shares slightly up ahead of Jan-Mar earnings

KOLKATA--1142 IST--Shares of Bosch Ltd. rose 0.4% to an intraday high of INR 32,610 ahead of the announcement of the company's Jan-Mar earnings on Tuesday.

Of the two brokerages that have estimates for the company's March quarter earnings, ICICI Securities Ltd. expects Bosch's top line to rise over 6% on year to INR 44.9 billion, while Motilal Oswal Financial Services Ltd. projected it marginally lower at INR 44.8 billion.

However, ICICI Securities expects the company's net profit for the March quarter to decline nearly 11% to INR 5 billion. Motilal Oswal projected it to increase almost 4% to INR 5.8 billion.

ICICI Securities projected the earnings before interest, tax, depreciation, and amortisation for the quarter at INR 5.8 billion, and Motilal Oswal Financial Services expects it at INR 5.7 billion.

At 1142 IST, shares of the company were marginally higher at INR 32,500 on NSE. Over 7,100 shares of the company changes hands on the bourse so far Tuesday, almost similar to the number of shares traded during the same period Monday. (Avishek Rakshit)

Equity Alert: Borana Weaves hits 5% upper band; lists 12.5% over IPO price

MUMBAI--1030 IST--Shares of Borana Weaves hit the 5% upper circuit of INR 255.15 shortly after listing at INR 243 on the NSE. Shares of the company listed at a premium of 12.5% to the issue price of INR 216. Till 1037 IST, 1.87 million shares of the company had changed hands on the NSE.

Its initial public offering concluded Thursday last week with bumper subscription. Its offer was subscribed nearly 149 times and saw bids for nearly 549 million shares. The public offer comprised a fresh issue of 7 million shares. Borana Weaves had raised INR 652 million from anchor investors by issuing 3.02 million shares at INR 216 per share ahead of its initial public offering. 

Borana Weaves is a Gujarat-based textile manufacturer which specialises in manufacturing of unbleached synthetic grey fabric that is widely used as a base for further processing in fashion and traditional textiles. For 2023-24 (Apr-Mar), the company reported a net profit of INR 235.86 million on a revenue of INR 1.99 billion. (Arya S. Biju)

Equity Alert: Schneider Electric at 4-mo high; Jan-Mar PAT up manifold on yr

MUMBAI--1038 IST--Shares of Schneider Electric Infrastructure rose over 8% to a four-month high of INR 735 after the company's bottom line for the March quarter rose manifold on year. At 1030 IST, shares of the company were at INR 728 on the NSE, up 7.3%. The stock has risen 32% in the last 12 sessions, ending lower in only two of these sessions.

The company's net profit for the March quarter rose nearly 17 times on year to INR 546.10 million, while its revenue rose 24% to INR 5.87 billion. The bottom line for the year-ago quarter was dragged down by adjustment of tax of INR 304 million relating to earlier periods. The company said it would invest INR 2 billion cumulatively to increase capacity at its switchgear plant in Vadodara, Gujarat, and its breaker plant in Kolkata, West Bengal.

The only brokerage report on the company available with Informist is by LKP Securities, which has a 'buy' rating on the stock with a target price of INR 690. As of 1030 IST, 1.84 million shares of the company were traded on the NSE, sharply higher than the 146,015 shares traded till the same time Monday.  (Akash Mandal)

Equity Alert: KEC Intl hits 4-mo high after co posts on-year earnings growth

MUMBAI--1030 IST--Shares of KEC International Tuesday rose almost 8% to a four-month high of INR 926.65 after the company posted strong on-year earnings growth for the March quarter. Motilal Oswal Financial Services said the company's bottom line figure beat its estimates by 11% due to lower-than-expected tax rate. The broking firm has a 'neutral' rating on the stock. 

The company's consolidated bottom line for the reporting quarter grew 77% on year to INR 2.68 billion and revenue rose 11% to INR 68.72 billion. The top line growth was largely supported by double-digit rise in cables and transmission and distribution segments. The company's tax outgo was INR 739.6 million, compared to INR 415.4 million in the year-ago period. However, the company's order inflow fell 51% on year to INR 26 billion during the quarter, Motilal Oswal said. 

At 1003 IST, the stock was up 7% at INR 917. It rose for the fifth straight session, gaining 16% during this period. Almost 6 million shares of the company have changed hands on the bourse so far Tuesday, almost eight times the 768,000 shares traded during the same period Monday. 

Of the 14 research reports available on the company with Informist, 11 have a 'buy' or equivalent rating on the stock with an average target price of INR 991, which is 8% higher than the current market price. The remaining three brokerages have a 'hold' view on the stock.  (Anjana Therese Antony)

Equity Alert: Bayer Crop surges 12% as Jan-Mar PAT, revenue rise on year

MUMBAI--1027 IST--Shares of Bayer Cropscience rose 12% to an intraday high of INR 5,746, its highest level since Jan. 9, after its top line and bottom line saw robust on-year growth in the March quarter. At 1000 IST, shares of the company traded at INR 5,704.80 on the NSE, up 11.2%. 

The company's net profit for the March quarter grew 49% on year to INR 1.43 billion. Its revenue also rose 32% on year to INR 10.46 billion during the quarter. On the other hand, its total expenses for the quarter rose 28% on year to INR 9.16 billion. The company's board had also announced a final dividend of INR 35 per share for 2024-25 (Apr-Mar).

Both brokerage reports on the company available with Informist have a 'buy' or equivalent rating on the company. Elara Securities (India) has an 'accumulate' rating with a target price of INR 6,443, and Anand Rathi Share and Stock Brokers has a 'buy' rating with a target price of INR 7,030. At 1000 IST, 417,807 shares of the company were being traded on the NSE, sharply higher than the 6,950 shares traded till the same time Monday.  (Akash Mandal)

Equity Alert: LIC shares slightly down ahead of Jan-Mar earnings

MUMBAI--1025 IST--Shares of Life Insurance Corp. of India Ltd. traded 0.4% lower at INR 866.85 on the National Stock Exchange ahead of the company's Jan-Mar earnings, scheduled for later in the day. Motilal Oswal Financial Services expects the state-owned insurer to report an 8% on year increase in net profit to INR 147.88 billion for the quarter ended March. 

Sequentially, the company is seen reporting a 34% jump in its bottomline, according to the brokerage. A fall in commissions and employee costs had pushed up Life Insurance Corp.'s net profit by 17% year-on-year in Oct-Dec to INR 110.56 billion..

Motilal Oswal expects the net premium income to fall by 3% on year to INR 1.48 trillion in the March quarter. Net premium income in Oct-Dec fell 9% to INR 1.07 trillion. 

LIC's shares have risen over 7% since the insurer declared its earnings for Oct-Dec on Feb. 8. Motilal has precribed a 'buy' rating on the stock. (Kabir Sharma)

Equity Alert: Mkt opens lower after 2 sessions; IT, fincl stocks fall most

MUMBAI--0941 IST--Benchmark indices fell more after opening slightly lower Tuesday, following a rise of almost 2% in the past two sessions. The Nifty 50 fell below the psychologically crucial 25000 level at open and most sectoral indices were in the red. Information technology and financial stocks were the biggest drag on the Nifty 50. Shares of Infosys, Tata Consultancy Services, and Tech Mahindra were down over 1% each, as was the Nifty IT index. IT stocks have been under pressure due to worries about the strength of the US economy and the debt profile of the country, which is a major revenue generator for Indian tech players. 

At 0928 IST, the Nifty 50 was at 24790.45 points, down 210.70 points or 0.8%, and the BSE Sensex was at 81410.68 points, down 765.77 points or 0.9%. Index heavyweights such as Reliance Industries, HDFC Bank, and ICICI Bank were down around 1% each. In contrast, most broader market indices were higher. 

Defence stocks rose for the fifth staright session and the Nifty India Defence was up nearly 1%. BEML, Garden Reach Shipbuilders & Engineers, and Bharat Dynamics were up around 3% each. 

Shares of KEC International rose 6% after the company's bottom line for the March quarter rose 77% on year and narrowly beat the Street's view. Akums Drugs and Pharmaceuticals was up 4% after the company posted a net profit for the reporting quarter against a loss a year ago. Bayer Cropscience surged over 11% and was the top gainer in the Nifty 500 after its net profit for the March quarter rose 49% on year.

InterGlobe Aviation fell 2% after media reports said promotor Rakesh Gangwal was likely to divest 3.4% stake in the company for INR 68.31 billion through block deals. Sumitomo Chemical India fell 4% after its bottom line for the latest quarter fell 9% on year. Shares of Blue Dart Express were down 3% after its bottom line for the quarter declined 30%. 

Sagility India fell 5% and was among the worst hit in the Nifty 500 after promoter Sagility B.V. proposed to sell up to 7.39% stake in the company through an offer for sale, with an option to sell up to another 7.62% stake through an oversubscription option.  (Akash Mandal)

Equity Alert: Mkt seen flat at open, may remain in range with positive bias

MUMBAI--0815 IST--Benchmark indices are expected to be in range through after posting two sessions of gains. The sentiment for the near term remains positive and the Nifty 50 is expected to test the 25300-25350 levels by the end of the week, analysts said. Expectations of a rate cut by the Reserve Bank of India in its Jun 4-6 meeting and improved earnings in the March quarter will continue to be tailwinds for the market, analysts said.

The Nifty 50 is seen flattish at open and is likely to trade in a narrow range with a positive bias, said Anshul Jain, head of research at Lakshmishree Investment and Securities. The May contract of the GIFT Nifty indicates a slightly higher opening for the Nifty 50. At 0749 IST, the contract traded at 25024 points, up around 23 points from the Nifty 50's close on Monday. "Profit booking is not likely today...there was some profit booking seen mid-session yesterday (Monday), so the Nifty is expected to be rangebound," Jain said.

On Monday, the Nifty 50 ended at 25001.15 points, up 148 points or 0.6%. The BSE Sensex closed 455.37 points or 0.6% higher at 82176.45 points. Heavyweights such as Reliance Industries, Infosys, ICICI Bank, and Larsen & Toubro each ended around 1% higher. For Tuesday, Jain expects the Nifty 50 to move in a range of 24900-25100 points.

Markets in the US were closed Monday on the occasion of Memorial Day. Markets in Asia were mixed in early trade Tuesday as investors assessed US President Donald Trump's tariff threats to the European Union. South Korea's Kospi traded lower after ending 2% higher Monday. Indices in Japan were mixed, while those in Singapore, Australia, and Hong Kong were in the green.

Tuesday will be a relatively slow day on the earnings front with Bosch, Info Edge (India), Life Insurance Corp. of India, NMDC, and Bharat Dynamics being the only companies in the Nifty 200 which will announce their March quarter earnings during the day.  (Akash Mandal)

Equity Alert: Asian mkts open mixed; investors assess US tariff postponement

MUMBAI--0809 IST--Asian equity indices were mixed in early trade Tuesday as investors gauged US President Donald Trump's decision to postpone the 50% tariff on imports from the European Union. China's CSI 300 was lower for the fourth straight session despite the country's industrial profits rising 1.4% year-on-year in Jan-Apr, Reuters reported. The country's industrial profits surged 3% in April. 

Markets in the US were closed Monday on account of Memorial Day. Asian indices take cues from overnight movement in US indices.

Japan's Nikkei 225 was down 0.2%, and the broader Topix index was flat. The yield on the 30-year Japanese government bond fell 10 basis points to 2.935%, its lowest since May 10, and the 40-year bond yield fell 10.5 bps to 3.43%. In 2024, Japan's net external assets hit a record 533.1 trillion yen ($3.73 trillion), marking a seventh consecutive yearly rise due to a weak yen and active overseas acquisitions. Germany overtook Japan as the top global creditor for the first time in 34 years, while China ranked third.

In South Korea, the Kospi index fell 0.4%, pulling back from its three-month high reached during Monday's session, while the Kosdaq, which focusses on small-cap stocks, remained largely unchanged. Australia's S&P/ASX 200 was flat. Hong Kong's Hang Seng was up 0.2% and the FTSE Singapore Straits was also up slightly. 

Following are the levels of key Asian indices at 0751 IST

(Ishaan Sharma)

US$1 = INR 85.37

Edited by Nishant Maher

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000 

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.