Published on: May 15, 2025
Eicher Motors Ltd. witnessed volatile trading on Thursday following the release of its Q4 FY25 financial results. The stock swung between a decline of 1.59% to ₹5,360 and a rise of 1.35% to ₹5,520, before trading 0.18% higher at ₹5,456.50 by 9:57 a.m. This comes as the company reported a 27.3% year-on-year rise in consolidated net profit to ₹1,362 crore, on revenue of ₹5,241 crore—up 23% from the previous year.
Despite the profit beat, margins disappointed, with Ebitda margin falling 250 basis points to 24%, missing both Morgan Stanley’s and Bloomberg consensus estimates. Ebitda stood at ₹1,258 crore, below the estimated ₹1,303.3 crore. While Citi viewed the strong volume growth and management's focus on expanding market share positively, Morgan Stanley remained cautious, citing valuation concerns.
The stock has gained 2.91% year-to-date and 17.36% over the past 12 months. Trading volumes spiked to nearly seven times the 30-day average. According to Bloomberg, of the 40 analysts tracking Eicher, 20 have a 'buy' rating, 13 recommend 'hold', and 7 suggest 'sell', with the consensus price target indicating a modest 0.6% upside.
Published on: May 15, 2025
Tata Motors announced on Thursday a strategic partnership with Vertelo, an electric mobility solutions provider, to offer customised leasing solutions for its electric commercial vehicle (CV) portfolio.
The two companies have signed a Memorandum of Understanding (MoU) aimed at enabling fleet owners to transition to sustainable mobility with flexible and attractive leasing options.
According to Tata Motors, this collaboration represents a key step toward democratising electric mobility, expanding accessibility to its advanced EV commercial offerings. Rajesh Kaul, Vice President & Business Head – Trucks at Tata Motors Commercial Vehicles, noted the partnership will facilitate broader adoption of green transport solutions across customer segments.
Published on: May 15, 2025
Greater Noida-based Alpex Solar Ltd. announced on Thursday that it has secured orders worth ₹1,068.84 crore from various clients, including government-backed agencies such as Central Mine Planning and Design Institute Ltd (CMPDIL)—a subsidiary of Coal India Ltd—and the Haryana Renewable Energy Development Agency.
Among the contracts, the most significant is a ₹349.99 crore order from CMPDIL, which Alpex Solar will execute in consortium with NVNR Power & Infra Ltd. The project involves the full-cycle execution—including design, engineering, procurement, construction, and commissioning—of a grid-connected ground-mounted solar power plant at Nandan Washery, located in the Kanhan area under Western Coalfields.
This major win underscores Alpex Solar’s growing presence in India’s renewable energy space and its capacity to deliver large-scale infrastructure projects in collaboration with public sector entities.
Published on: May 15, 2025
Mumbai-based pharmaceutical major Lupin Ltd. reported a 112.4% year-on-year (YoY) surge in its Q4FY25 consolidated net profit to ₹782.4 crore, compared to ₹368.2 crore in the same quarter last year. The company’s revenue from operations rose 14.2% YoY to ₹5,671 crore, driven by strong growth in its formulations business and increased sales in key geographies, notably North America.
While quarterly profit and revenue declined sequentially by 8.9% and 1.7% respectively, operational performance remained robust. EBITDA rose 34.3% YoY to ₹1,371 crore, with EBITDA margin expanding to 24.8% from 21%.
Lupin’s formulations business grew 15% YoY to ₹5,330.6 crore, with North America contributing 41% of global sales at ₹2,261.8 crore, up 19% YoY. Sales in India grew 6.9% YoY, while other developed markets surged 30% to ₹691.5 crore.
However, its API business declined 10.3% YoY to ₹231.6 crore. According to Managing Director Nilesh Gupta, FY25 performance was driven by both new and in-line product momentum and efficiency improvements.
Lupin’s shares closed marginally higher at ₹2,072 on the BSE after the earnings release.
Published on: May 15, 2025
Equity analysts have spotlighted Hindustan Aeronautics Ltd. (HAL), Coal India, Pidilite Industries, Shree Cement, and CG Power as top stock picks this Thursday, citing strong technical setups and favorable risk-reward profiles.
• HAL:
Amit Goel recommends a buy on HAL with a target price of ₹5,142 and a stop loss at ₹4,519, at a current market price of ₹4,786. According to Bloomberg, 19 out of 20 analysts have a buy rating. The stock offers a potential upside of 4.6% based on the 12-month consensus.
• Pidilite Industries:
Goel also suggests buying Pidilite with a target of ₹3,251 and stop loss at ₹3,013, against a current price of ₹3,108.60. Among 17 analysts, 10 recommend a buy, while the average 12-month price target implies a 3% upside.
• Shree Cement:
Another of Goel's picks, Shree Cement, comes with a target of ₹32,315 and stop loss at ₹29,490, based on a current price of ₹30,620. Despite this, Bloomberg data shows that consensus estimates predict a 9% downside, with a mixed analyst outlook.
• Coal India:
Nilesh Jain advises a buy with a target price of ₹416 and stop loss at ₹396, from the current level of ₹402. Of 24 analysts, 17 recommend a buy, with the stock offering a 10% upside, the highest among the picks.
• CG Power:
Jain also favors CG Power at a target of ₹695 and stop loss of ₹661, with the current price at ₹673. Bloomberg data indicates 9 out of 12 analysts suggest a buy, with a 5.9% upside expected.
These recommendations highlight a selective bullish outlook on key industrial, manufacturing, and infrastructure stocks, with HAL and Coal India leading the upside potential.
Published on: May 15, 2025
Shares of companies like Eicher Motors, Jubilant FoodWorks, Hindustan Aeronautics (HAL), Lupin, and Sai Life were in focus on Thursday as leading brokerages issued new ratings and target price revisions post-Q4 earnings.
• Eicher Motors:
Citi retained a ‘buy’ rating and raised the target price to ₹6,200, citing positive demand outlook supported by tax cuts and rural strength. However, Morgan Stanley remained ‘underweight’ despite a revised target of ₹4,079, noting margin misses and concerns over valuation.
• Jubilant FoodWorks:
Citi remained bullish, increasing its price target to ₹805, calling it a preferred QSR play on strong market share and margin improvement. Goldman Sachs stayed ‘neutral’ but also raised its target to ₹730, citing sustained like-for-like sales growth and rising Ebitda margins.
• Hindustan Aeronautics (HAL):
JPMorgan maintained an ‘overweight’ rating with a price target of ₹5,040, highlighting better-than-expected margins in Q4 and accepting volatility as inherent to HAL’s business model.
• Sai Life Sciences:
Morgan Stanley stayed ‘overweight’ with a target of ₹911, impressed by its aggressive capex and strong growth in CRDMO offerings.
• Lupin:
Macquarie maintained an ‘outperform’ call with a revised price of ₹2,515 after a modest Q4 beat, aligned with increasing R&D spend.
• Biocon:
Investec initiated coverage with a ‘buy’ rating and ₹400 target, citing strategic wins in biosimilars and formulary placements as key growth levers.
• Muthoot Finance:
Morgan Stanley held an ‘equal-weight’ rating with a ₹2,400 target, recognizing a robust 43% AUM growth supported by high gold prices and 22% ROE.
• Blue Jet Healthcare:
Macquarie reiterated an ‘outperform’ with a target of ₹1,000, pointing to a strong Q4 and potential upside from 20 active CDMO projects and new sweetener launches.
• Shree Cement:
Nomura retained a ‘buy’ rating with a target price of ₹34,000, citing industry-best Ebitda per tonne from strong realisations.
Overall, analysts appear selectively optimistic across sectors, with positive momentum in QSR, pharma, and defence, while concerns remain around auto sector margins and valuation risks.
Published on: May 15, 2025
Tata Consultancy Services (TCS) has been named one of the 100 most valuable global brands in the Kantar BrandZ Most Valuable Global Brands 2025 report, achieving a brand value of $57.3 billion — a 28% year-on-year increase. The recognition places TCS among the world’s elite brands across industries and reflects its continued investment in marketing, innovation, and customer engagement.
An independent brand audit by Momentum-ITSMA further revealed that TCS now enjoys 95% aided brand awareness among business executives across 26 countries — a significant jump from 29% in 2010. The company attributes this to long-term brand-building efforts, including global sports sponsorships and AI-driven service innovation.
“This growth in brand value and equity highlights TCS’ sustained brand building efforts,” said Abhinav Kumar, Chief Marketing Officer at TCS. He credited the company’s global teams for driving brand momentum at the pace of a “sprint.”
Kantar BrandZ’s Martin Guerrieria also emphasized TCS’s scale of innovation and strategic sponsorships as key contributors to its brand strength.
In addition to the Kantar ranking, TCS was named the #1 IT services provider in Europe for customer satisfaction by Whitelane Research. It also retained its position as a Global Top Employer across over 30 countries and regions, including North America, Asia Pacific, the Middle East, and Latin America, as per the Top Employers Institute.
Published on: May 15, 2025
Shares of Tilaknagar Industries surged as much as 13.91% on Thursday to ₹344.80 — a three-month high — after the company reported a robust 146% year-on-year jump in consolidated net profit to ₹77.3 crore for the March quarter. Revenue rose 14.3% to ₹881 crore, while Ebitda jumped 63% to ₹78.4 crore, with margin improving by 270 basis points to 8.9%.
The impressive earnings performance was supported by a 20.1% increase in sales volume, with 34.2 lakh cases sold during the quarter, up from 28.5 lakh a year ago. Growth was led by strong demand in Andhra Pradesh, Karnataka, and Tamil Nadu.
Tilaknagar Industries also announced that it is now net debt-free, holding a cash position of ₹107 crore. “Quarterly growth was driven by resumption of strong performance in our largest state of Andhra Pradesh,” said Chairman and MD Amit Dahanukar.
By 12:28 p.m., the stock trimmed gains to trade 10.56% higher at ₹334.65, compared to a 0.13% decline in the Nifty 50. Despite a 20.36% drop year-to-date, the stock has gained 44.87% over the past 12 months. Trading volumes were 10 times the 30-day average, and the relative strength index stood at 57.79. The sole analyst covering the stock maintains a 'buy' rating, with a 12-month price target implying an upside of 38.4%.
Published on: May 14, 2025
Metal stocks rallied sharply on Wednesday, May 14, 2025, with the Nifty Metal index rising 2.8% to touch a day’s high of 9,085.05, driven by improved global sentiment following a temporary US-China trade truce. All 15 constituents of the index traded in the green as of 10:09 AM.
Tata Steel led the pack with a 4% surge, while Lloyds Metal and Energy and National Aluminium Company (Nalco) gained over 4% each. Jindal Stainless and SAIL were up more than 3%, and heavyweights like Hindalco, Vedanta, Jindal Steel & Power, and NMDC saw gains between 2% to 3%.
Analysts attribute the rally to easing geopolitical tensions and improved trade relations between the US and China. Kranti Bathini, Director of Equity Strategy at WealthMills Securities, noted that the metal sector is rebounding from a consolidation phase, boosted by positive developments in global trade. Independent analyst Ambareesh Baliga highlighted that fear of metal dumping has subsided, encouraging investor confidence.
The US and China this week agreed to a 90-day tariff truce, with the US slashing import duties on Chinese goods from 145% to 30%, while China reduced tariffs on American imports from 125% to 10%. This geopolitical shift, combined with a revised growth outlook for China, has spurred optimism in commodity markets.
While Nifty Metal had surged over 5% on Monday in response to the deal, it saw minor profit booking on Tuesday, slipping nearly 1%. Analysts describe Wednesday’s rebound as a “lag effect”, where the positive impact of a macro event materializes with a short delay in market pricing.
Published on: May 14, 2025
Garden Reach Shipbuilders & Engineers (GRSE) witnessed a sharp rally in its share price on Wednesday, May 14, 2025, surging 18.25% intraday to a high of ₹2,264.65, before trimming gains to trade 15.78% higher at ₹2,217.20 around noon. The rally outpaced broader market performance, with the BSE Sensex up just 0.20% at the time.
The stock spiked following the announcement of exceptional Q4FY25 earnings, where net profit surged 118.9% YoY to ₹244 crore from ₹112 crore in Q4FY24. Revenue from operations jumped 61.7% YoY to ₹1,642 crore. Operating performance was also strong, with EBITDA rising 101% YoY to ₹335 crore, driven by project maturity and execution efficiency.
Cmde Hari PR (Retd), Chairman and MD of GRSE, expressed confidence in further growth citing the company’s robust order book, improved execution capabilities, and expanding presence in commercial shipbuilding.
Additionally, the company announced a final dividend of ₹4.90 per share for FY25, subject to shareholder approval at the upcoming AGM.
GRSE, a Ministry of Defence undertaking, is a key player in India’s naval defense production, known for constructing over 100 warships for the Indian Navy and Coast Guard. It also engages in commercial vessel construction, engineering products, and MTU engine services, cementing its position as a major defence exporter and a diversified shipbuilding enterprise.
Published on: May 14, 2025
Equity benchmark indices witnessed volatility on Wednesday as geopolitical concerns weighed on sentiment despite a positive start, driven by a significant drop in retail inflation to 3.16% in April—the lowest in nearly six years. By 12:54 PM, the Sensex was down 172.14 points (0.21%) at 80,976.08, while the Nifty 50 slipped 10.75 points (0.04%) to 24,567.60. The India VIX, a measure of market volatility, dropped 3.96% to 17.48.
Smallcap stocks outperformed, rising over 1%, while midcaps traded largely flat. On the sectoral front, metal and realty indices gained 1–2%, whereas banking, private banks, and FMCG sectors saw declines. The defence index rallied over 3%, fuelled by strong interest in the wake of ‘Operation Sindoor’ following the Pahalgam terror attack.
A total of 2,840 stocks were traded on the NSE by 12:32 PM, with 2,139 advancing and 616 declining. About 161 stocks hit upper circuits, including Sagility and Sakthi Pumps, while 22 hit lower circuits. 54 stocks, including Authum Investment, BEL, and Force Motors, touched 52-week highs, while 13 hit new lows.
Top gainers among Nifty components included Tata Steel (+4.03%), BEL (+2.49%), Shriram Finance, Hindalco, and ONGC, as strong earnings and positive brokerage commentary boosted investor sentiment. Tata Steel traded at ₹155.45 following a strong Q4 performance.
Top losers included Tata Motors (-2.08%), after its Q4 consolidated net profit fell 51%, along with Asian Paints (-1.63%), Cipla, Kotak Mahindra Bank, and Power Grid.
Defence stocks surged with Mishra Dhatu Nigam (Midhani), Zen Technologies, Mazagon Dock, BEL, and BDL leading gains in the sector. Bharti Airtel, GRSE, and Cipla also moved on the back of Q4 results, while companies like HAL, Lupin, and Tata Power were set to announce results later in the day.
Among smallcaps, HBL Engineering, Nuvama, Railtel, and Ircon rallied 6–10%, while Mazagon Dock, National Aluminium, and Suzlon saw strong momentum in the midcap space. On the BSE, GRSE surged 17%, topping the gainer list, whereas Kaveri Seed, Syrma, VIP Industries, and EPL fell between 3–6%.
Overall, markets remained choppy amid a mix of global cues, inflation data, corporate earnings, and defence-related developments, with broader market sentiment supported by strong action in small and midcap stocks.
Published on: May 14, 2025
A total of 126 companies, including Hindustan Aeronautics (HAL), Lupin, Eicher Motors, and Muthoot Finance, are set to report their Q4FY25 and full-year FY25 earnings today, Tuesday, May 14, 2025. These announcements come at a critical time when investors are closely monitoring corporate performance to gauge the economic recovery and sectoral momentum.
In addition to these major players, Tata Power, Torrent Power, and Hitachi Energy will also release their financial results, offering insights into the performance of India’s evolving energy sector. Jubilant FoodWorks, the operator of popular food chains like Domino’s Pizza, Popeyes, and Dunkin’ Donuts, will announce its earnings, providing a glimpse into consumer demand in the QSR (Quick Service Restaurant) space.
The results come on the heels of a sharp market decline on Monday, May 13, when the Sensex plunged 1,281.68 points (1.5%) to close at 81,148.22, and the Nifty50 lost 346.35 points (1.39%) to settle at 24,578.35.
Market movements today may be influenced by a combination of domestic and global triggers. Key among them are:
India’s and the US’s April CPI data
India’s April WPI inflation
Ongoing Q4 earnings season
Developments in US-China trade relations
Institutional fund flows
Mixed global market cues
As of 6:40 AM, GIFT Nifty futures were up by 90 points at 24,730, suggesting a positive opening for Indian equities, potentially supported by investor anticipation of strong corporate results and easing macroeconomic concerns.
With heavyweight results due across sectors, market participants are expected to respond actively to earnings surprises and forward guidance, making May 14 a crucial day for market direction.
Published on: May 14, 2025
Shares of Cipla Ltd. declined by up to 2.9% on May 14, 2025, following the company’s Q4FY25 earnings announcement and a mixed response from brokerages. At 11:35 AM, the stock traded 1.5% lower at ₹1,474.1 on the BSE, underperforming the benchmark Sensex, which was up 0.4%.
Cipla reported a 30% year-on-year rise in net profit to ₹1,221 crore for Q4FY25 and revenue growth of 9% to ₹6,729 crore. Key growth drivers included strong sales in emerging markets (up 22%) and the SAGA region (up 33.9%). However, US sales growth remained subdued at just 2% YoY, while API sales fell 3.7%.
The company’s gross margin improved by 70 basis points to 67.5%, and EBITDA margin expanded by 150 bps to 22.8%, aided by a better segment mix and lower R&D expenses. For FY25, Cipla posted revenue of ₹27,500 crore, EBITDA of ₹7,100 crore, and PAT of ₹5,050 crore, marking a healthy annual performance.
Looking ahead, Cipla guided for an EBITDA margin of 23.5–24.5% in FY26 and maintained its US sales run rate at $220 million in Q1FY26. It also plans to launch three peptide assets and file several more respiratory and peptide products over the next 12–24 months.
However, brokerages reacted cautiously:
Elara Capital downgraded Cipla to ‘Reduce’, cutting the target price to ₹1,465, citing weaker margin guidance and risk from gRevlimid losses in FY27.
Motilal Oswal retained a ‘Neutral’ rating with a lower target of ₹1,510, projecting just 2% earnings CAGR for FY25-27.
Emkay Global also maintained a ‘Reduce’ rating and a ₹1,500 target, citing muted US growth and margin headwinds.
In contrast, Antique Stock Broking upgraded Cipla to ‘Buy’ with a target of ₹1,760, pointing to stronger visibility on US generics growth and a robust product pipeline including gAdvair, gSymbicort, and peptide assets. Kotak Institutional Equities echoed this optimism with a ‘Buy’ call and a target price of ₹1,800, citing Cipla’s focus on domestic prescriptions, cost efficiencies, and complex generics.
While short-term pressures weigh on sentiment, some analysts believe Cipla is positioned for long-term structural growth, especially in the US complex generics market.
Published on: May 14, 2025
Wipro Limited has announced a strategic digital transformation partnership with Hachette UK, one of the largest publishing houses in the United Kingdom. As part of the initiative, Wipro will implement SAP S/4HANA using the RISE with SAP framework to upgrade Hachette’s IT infrastructure.
The transformation aims to streamline finance, procurement, and sales systems, enhancing efficiency and enabling Hachette to better respond to dynamic market conditions. The partnership will also help the publisher accelerate data-driven decision-making and business agility.
Brendan Goss, Group CIO of Hachette UK and Hachette Book Group USA, said, “Adopting SAP S/4HANA is a vital step in our digital journey, equipping us to capitalise on growth opportunities with improved operational efficiency.”
Wipro’s role includes developing a comprehensive roadmap for modernising Hachette UK’s IT systems with minimal disruption. Sarat Chand, Wipro's Managing Director for the UK and Ireland, said the company’s AI-powered, consulting-led approach will deliver faster innovation and agility for Hachette.
This deal reinforces Wipro’s growing leadership in the SAP ecosystem, with the company recently recognised as a RISE with SAP Validated Partner for its excellence in executing complex ERP cloud projects.
Published on: May 14, 2025
Shares of several Indian companies, including FSN E-Commerce Ventures (Nykaa), Acme Solar, and Authum Investment & Infrastructure, rallied on Wednesday following their inclusion in various MSCI indices as part of the global index provider's semi-annual review.
Nykaa gained as much as 3.45% intraday before trimming gains to end 1.5% higher. It is projected to receive passive inflows of $181 million. Acme Solar jumped 9.8%, while Authum Investment surged 10.5% after being added to the MSCI India Domestic Smallcap Index. Both stocks led the broader rally, even as the Nifty50 advanced 0.67%.
Coromandel International, despite inclusion in the MSCI Global Standard Index with estimated inflows of $227 million, traded flat. Its stock is already up 30% year-to-date, while Nykaa has gained 20%, outperforming the Nifty50’s 4% rise in the same period.
In contrast, Paytm’s parent, One97 Communications, slumped 3.14% after being excluded from key index changes, defying market expectations. The stock has fallen nearly 18% in 2025.
GMR Airports rose 1.2% after being added to the MSCI India Domestic Index, and Sona BLW Precision Forging gained 3.7% despite being removed.
Other gainers among the 12 additions to the Smallcap Index included International Gemmologic, Godrej Agrovet, and Sagility India.
Meanwhile, 20 stocks were dropped from the small-cap index and could face selling pressure. Notable names include Aarti Drugs, Godrej Industries, Prince Pipes, Rossari Biotech, and Shyam Metalics.
All changes will take effect after the close of trade on May 30, 2025, according to MSCI’s announcement.