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Informist, Monday, Oct. 27, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Mazagon Dock up 0.5% ahead of Q2 earnings; PAT seen up 16% YoY

 

MUMBAI--0945 IST--Shares of Mazagon Dock Shipbuilders rose 0.5% to an intraday high of INR 2,820.50 Monday ahead of the comapny's September quarter earnings, due later in the day. At 0933 IST, the stock traded 0.4% higher at INR 2,817.60 on the NSE. 

 

Nirmal Bang Equities expects the shipbuilder's consolidated net profit to rise 16% on year and 50% sequentially to INR 6.77 billion in the September quarter. The brokerage also sees the company's top line rising 12% on year and 18% sequentially to INR 30.88 billion. 

 

However, the Mumbai-based company's earnings before earnings before interest, tax, depreciation, and amortisation is seen falling 21% on year and rising just 2% on quarter to INR 6.03 billion in the reporting quarter, the brokerage said. It has a positive view on the company's longer-term earnings, and expects its revenue, EBITDA, and net profit to grow at a compounded annual growth rate of 20%, 21%, and 17%, respectively, over 2024-25 (Apr-Mar) and FY27. 

 

"The company is confident about securing the P75 additional submarine and P75I submarine contracts in FY26, which is expected to expand its order book from INR 320 bln to over INR 1.25 tln...the leverage from these large-scale contracts, combined with operational efficiencies from initiatives like Shipyard4.0 and its digital transformation roadmap, should enhance margins and overall profitability," the brokerage said in its report.

 

Till 0933 IST, 125,044 shares of the company were traded on the NSE, lower than the 176,903 shares traded till the same time Friday. Of the three brokerage reports on the company available with Informist, two have a 'buy' rating on the stock and one has a 'sell' rating.  (Akash Mandal)

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Equity Alert: Indices open higher; broader market, most sectors gain

 

MUMBAI--0932 IST--Benchmark equity indices began the session on a positive note Monday, with most index heavyweights such as Reliance Industries, HDFC Bank, ICICI Bank, and Axis Bank trading with gains. At 0929 IST, the Nifty 50 was at 25889.90 points, up 94.75 points or 0.4%. The BSE Sensex was at 84528.23 points, up 316.35 points or 0.4%.

 

SBI Life Insurance Co. was up over 3%, the top gainer in the Nifty 50, with brokerages positive on the stock as its margins for Jul-Sept beat estimates despite the hit from the new goods and service tax rates. Tata Steel, Tata Consumer Products, and Reliance Industries were up around 1?ch. On the other hand, Infosys was down 1% and was the worst hit in the 50-stock index. Kotak Mahindra Bank fell nearly 1?ter its September quarter net profit fell short of analysts' estimates.

 

Most sectoral indices were higher, with the Nifty Realty, Nifty Metal, and Nifty PSU Banks gaining around 1?ch and being the top gainers. All broader market indices traded with gains. 

 

Among other stocks, Coforge was up 4% and was the top gainer in the Nifty 500 after its September quarter net profit came in above the Steet's expectations. "Coforge delivered a strong Q2FY26 with broad-based growth across verticals and geographies, supported by robust deal momentum and margin expansion," ICICI Direct Research said in a note. SBI Cards and Payment Services was down 3?ter its bottom line for the quarter fell short of analysts' estimates.

 

eClerx Services was up 5?ter its consolidated net profit and revenue for the September quarter beat expectations. On the other hand, Zen Technologies fell 5?d was the worst hit in the Nifty 500 after its profit and revenue both fell on year in the second quarter.  (Akash Mandal)

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Equity Alert: Asian mkts soar with Japan, S Korea indices at record highs

 

MUMBAI--0816 IST--Indices in Asia soared Monday with Japanese and South Korean indices notching record highs as investors cheered the progress in US-China trade talks and due to strong cues from US indices.

 

Indices across Asia rose sharply following reports that top US and Chinese trade negotiators had worked out a framework on several disputed issues. This will pave the way for US President Donald Trump and Chinese President Xi Jinping to sign off on the terms.

 

US Treasury Secretary Scott Bessent in an interview with CBS News Sunday said that Trump's proposed 100% tariffs on Chinese imports are "effectively off the table." He added that China is expected to make significant soybean purchases and to delay broad restrictions on rare earth exports. The US, however, will maintain its current export controls on China, Bessent said.

 

Also, newly-elected Japanese Prime Minister Sanae Takaichi is expected to meet US President Donald Trump this week during his visit to Japan. "It is expected that the message she would convey is to significantly expand domestic demand through a high-pressure economy," CNBC reported quoting Credit Agricole CIB as saying in a note. A strong expansion of the country's domestic demand would "completely lift Japan out of its deflationary structural stagnation" and make progress toward reducing the US trade deficit, resulting in a win-win for both countries, strategists said.

 

Asian markets also mirrored gains in the US indices on Friday. Indices in the US rose to all-time highs as the country's consumer price index inflation was softer than expected, spurring optimism among investors that the US Federal Reserve can stay on its rate-cutting path, boosting the US economy and justifying higher valuations for equities.

 

Following were the levels of key Asian indices at 0813 IST:

 

Index	Level	Change in %
CSI 300 Index	4699.8314	0.84
Hang Seng Index	26375.53	0.82
Nikkei 225 Day	50374.54	2.18
TOPIX FIRST SECTION	3320.92	1.57
KOSPI	4031.96	2.29
FTSE Singapore Strait Times	4440.42	0.41
S&P/ASX 200 Index	9052.90	0.38

 

(Simran Rede)

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Equity Alert: Indices seen in range Mon but Nifty 50 may test 26000 this wk

 

MUMBAI--0757 IST--Benchmark equity indices are likely to start flat to slightly higher Monday but are expected to continue on their positive trajectory during the week. The Nifty 50 may test the 26000 level this week, analysts said. The 50-stock index is seen moving in a range of 25750-26000 points in the near term, technical analysts said. 

 

"For day traders, it will be important to keep an eye on the 26100 level...as long as the market continues to trade below this level, profit-booking is likely to continue," Shrikant Chouhan, head of equity research at Kotak Securities, said in a note.

 

The derivatives contracts of the GIFT Nifty also indicate a muted opening for the market. At 0747 IST, the October contract of the GIFT Nifty was 17.50 points higher at 25905 points. The November contract was at 26058.50 points, up 30 points. On Friday, the Nifty 50 ended at 25795.15 points, down 96.25 points or 0.4%. The BSE Sensex closed at 84211.88 points, down 344.52 points or 0.4%.

 

On Friday, indices in the US ended sharply higher after the inflation print for September came in lower than expected. The US Consumer Price Index rose 0.3% last month, slightly less than the expected 0.4%, raising hopes of a rate cut by the US Federal Reserve at its policy meeting next week. Investors also parsed upbeat earnings data. Indices in Asia were up in early trade Monday as markets in Hong Kong, Japan, and South Korea rose 1-2%. This rise comes as trade tensions ease, with investors eyeing a trade deal between the US and China.  (Akash Mandal)

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Equity Alert: Wall Street ends at fresh record highs Fri on soft Sept CPI

 

MUMBAI--0726 IST--Indices on Wall Street closed at fresh record highs on Friday after data showed inflation in the US was lower than expected, while the US dollar index was nearly flat. All the three benchmark indices extended gains for the second session, with information technology stocks leading the gains.

 

The consumer price index in the US rose 0.3% in September, paving the way for more interest rate cuts. This was slightly lower than the 0.4% expected and 0.4% recorded in August. "Today's inflation data shows that we're not in a crisis like 2022. Prices are growing, but at a controlled pace. That's good news if you're hoping the Fed will continue to cut interest rates," Reuters cited Callie Cox, chief market strategist at Ritholtz Wealth Management, as saying.

 

The Federal Open Market Committee will meet this week. The central bank is expected to cut interest rates two more times this year, with a quarter-percentage-point cut baked in for the Oct. 28-29 meeting, according to LSEG's calculations using rate futures, the report said. 

 

Upbeat earnings reports also boosted the US market. Shares of Ford Motor jumped 12.2?ter the company beat expectations for profit for the reporting quarter. Analysts now expect the September quarter earnings growth of S&P 500 companies to be 10.4% year-on-year overall. That is higher than the estimated growth of 8.8% for the quarter at the start of the month, according to LSEG, Reuters said.

 

The technology-heavy Nasdaq Composite rose the most among the three major indices on Friday. Analysts believe a trade deal between the US and China would be a boon for large technology stocks. On Thursday, White House Press Secretary Karoline Leavitt had confirmed a meeting between US President Donald Trump and Chinese President Xi Jinping this week in South Korea. 

 

Five of the so-called 'magnificent seven' US companies, including Apple and Microsoft, are due to report earnings this week. The indices broke new records with the S&P 500 and the Nasdaq Composite recording their largest weekly percentage gains since August, while the blue-chip Dow Jones Industrial Average logged its biggest weekly jump since June. "US stock markets have surged this year, and some analysts see signs of a bubble," Reuters reported.

 

Following are the closing levels of US indices Friday:

 

Index	Level	Change in %
S&P 500	6791.69	0.79
NASDAQ Composite	23204.867	1.15
Dow Jones Industrial Average	47207.12	1.01

 

(Simran Rede)

 

End

 

US$1 = INR 87.97

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Vandana Hingorani

 

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.

 

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