Published on: April 2, 2025
IndusInd Bank shares closed 2.88% higher at ₹702.40 on Wednesday, marking an 8.13% gain over two sessions. The recent rebound followed reports that the crisis-hit lender had transferred highly-rated corporate loans to private banks like Federal Bank and ICICI Bank to improve liquidity.
Despite this recovery, IndusInd Bank has faced headwinds, including a 2.35% overstatement in its derivatives portfolio due to internal accounting discrepancies. Analysts have mixed views on the stock’s technical outlook. While some see potential for further upside if it crosses ₹710-730 levels, others believe the broader trend remains bearish and consider it a ‘sell-on-rise’ candidate.
Key support is observed in the ₹630-637 range, with resistance at ₹710. A decisive breakout above ₹710 could push the stock towards ₹810 in the near term, while resistance at ₹748-776 remains a supply zone. Technical indicators suggest weakness, as the stock trades below major moving averages, and its 14-day RSI stands at 37.21, signaling it is approaching oversold territory.
Fundamentally, IndusInd Bank has a price-to-equity (P/E) ratio of 7.57 and a price-to-book (P/B) value of 0.84, with an earnings per share (EPS) of ₹92.75 and a return on equity (RoE) of 11.07. As of December 2024, promoters held a 16.29% stake in the bank. With a one-year beta of 1.1, the stock exhibits high volatility.
Published on: April 2, 2025
The Securities and Exchange Board of India (Sebi) has granted an extension to the National Securities Depository Ltd (NSDL) for listing its shares on a recognized stock exchange until July 31, 2025. The extension provides NSDL with additional time to prepare for its much-anticipated Initial Public Offering (IPO) and align with favorable market conditions.
Sebi had approved NSDL’s IPO in September 2024, which will be a complete Offer For Sale (OFS) of over 57.2 million equity shares by existing shareholders, including NSE, SBI, and HDFC Bank. Since the offering is purely an OFS, NSDL will not receive any proceeds from the IPO.
As India's first depository to cross ₹500 trillion ($6 trillion) in asset custody, NSDL has played a critical role in securities dematerialization. Once listed, it will become the second publicly traded depository in India after Central Depository Services (CDSL).
The listing is essential for NSDL to comply with Sebi’s ownership norms, which mandate that no entity can hold more than 15% in a depository company. IDBI Bank and NSE, which currently hold 26.10% and 24% stakes, respectively, must reduce their ownership to meet the regulatory cap.
Financially, NSDL reported a 30% rise in consolidated net profit to ₹85.8 crore for Q3 FY25, compared to ₹66.09 crore in the same quarter last year. Total income grew by 16.2% to ₹391.21 crore from ₹336.67 crore in the previous fiscal’s corresponding quarter.
Published on: April 2, 2025
Indian stock markets bounced back in early trade on Wednesday, recovering from the sharp losses of the previous session. The BSE Sensex climbed 256.82 points to 76,281.33, while the NSE Nifty gained 84.9 points to reach 23,250.60, driven by strong buying in blue-chip stocks.
Leading the recovery were major financial and tech stocks, including HDFC Bank, ICICI Bank, Tech Mahindra, Infosys, Maruti, Bharti Airtel, Zomato, and Adani Ports. Positive sentiment in global markets also contributed to the rebound, helping lift investor confidence.
Market analysts attribute the uptrend to bargain hunting in key sectors after the previous day's sharp decline, as well as optimism surrounding economic growth prospects and corporate earnings.
Published on: April 2, 2025
V-Mart Retail Ltd.'s stock jumped nearly 7% on Wednesday after the company reported strong business performance for Q4 FY25. The retailer’s total revenue surged 17% to ₹780 crore, compared to ₹669 crore in the same quarter last year. For the full fiscal year, revenue reached ₹3,254 crore, reflecting an overall 17% growth. Excluding its subsidiary LimeRoad, V-Mart recorded an 18% year-on-year revenue increase, while same-store sales grew by 8% in the quarter.
During the quarter, V-Mart expanded its footprint by opening 13 new stores across Uttar Pradesh, Bihar, Jharkhand, West Bengal, Jammu & Kashmir, Assam, Arunachal Pradesh, and Tamil Nadu, while closing four outlets.
Following the announcement, V-Mart’s stock climbed 6.94% to ₹3,157.90, its highest level since February 20, before settling 2.93% higher at ₹3,039.70 as of 9:24 a.m. The stock has gained 44.94% year-to-date but remains 21.87% lower over the past 12 months. The relative strength index (RSI) stood at 56.
According to Bloomberg data, 11 out of 17 analysts maintain a ‘buy’ rating, four recommend ‘hold,’ and two suggest ‘sell.’ The average 12-month price target indicates a potential upside of 42.1%.
Published on: April 2, 2025
Indian equity markets opened on a positive note on April 2, following strong cues from Asian and US markets. The NSE Nifty 50 climbed 45 points to 23,210, while the BSE Sensex gained 177 points, opening at 76,201. Bank Nifty surged 230 points to 51,037.85, and the Nifty Midcap 100 index also saw an uptick of 172 points.
Despite the upbeat opening, market sentiment remained cautious due to concerns over reciprocal tariffs. Experts noted that recent FII buying was likely driven by end-of-year considerations, but selling has resumed with foreign institutional investors offloading ₹10,255 crore in the cash market over the past two days.
Top gainers in the Nifty 50 included Tata Consumer Products, Infosys, HDFC Bank, HDFC Life, and Maruti Suzuki, while BEL, Nestle India, Jio Financial Services, Hindustan Unilever, and Power Grid were among the major losers.
Meanwhile, gold prices in India reached a new high of ₹89,340 per 10 grams, reflecting a 1.4% increase from last week’s ₹88,100. The 22-karat gold rate stood at ₹81,895, while 18-karat gold was priced at ₹67,005.
Published on: April 1, 2025
Shares of Steel Strips Wheels Ltd. (SSWL) jumped 6% to ₹188.36 on Tuesday, April 1, 2025, following the company’s March business update, which revealed a significant year-on-year growth. The automotive wheel manufacturer reported its highest-ever net turnover of ₹433.70 crore for March 2025, a 27.29% increase compared to ₹340.72 crore in March 2024. The company’s gross turnover also rose by 27.49%, reaching ₹529.15 crore from ₹415.05 crore in the same period last year.
SSWL's alloy segment, including exports, saw a remarkable 50% volume growth, while the truck and tractor segments recorded year-on-year growth of 32% and 23%, respectively. The company, which supplies wheels to major OEMs like Maruti Suzuki, Tata Motors, and Hyundai, clarified that recent U.S. tariffs on automobile imports would not affect its steel and alloy wheel rims.
Despite a 37% drop from its peak, Steel Strips Wheels' stock has risen 425% over the past five years, with a stunning 1,450% increase from its March 2020 low. The company is also expanding its alloy wheel production capacity at its Mehsana plant in Gujarat, aiming for 48 lakh wheels annually by FY26.
Published on: April 1, 2025
Mahindra & Mahindra Ltd. reported a significant 34% year-on-year increase in its total tractor sales for March 2025, reaching 34,934 units compared to 26,024 units in March 2024. Domestic sales saw a similar rise, with 32,582 tractors sold in March 2025, up from 24,276 units in the previous year.
Exports also contributed with 2,325 units sold during the same period. Hemant Sikka, President of Mahindra's Farm Equipment Sector, highlighted that favorable weather, strong rabi crop forecasts, and positive terms of trade for farmers have fueled this growth.
Mahindra also achieved its highest-ever tractor sales in FY25, marking a 12% growth over the previous year, driven by strong retail sales and minimal dealer channel inventory. The momentum is expected to continue into Q1 FY26, bolstered by the ongoing harvest season and improved cash flow for farmers.
Published on: April 1, 2025
Hyundai Motor India Ltd. reported a 2.6% year-on-year increase in total sales, reaching 67,320 units in March 2025, with domestic sales contributing 51,820 units and exports at 15,500 units. However, the company's overall sales for the fiscal year ended March 31, 2025, saw a 3% decline, totaling 5,98,666 units compared to 6,14,717 units in FY24.
Meanwhile, Tata Motors Ltd.'s domestic sales were flat in March 2025, with 90,500 units sold, marginally down from 90,822 units in March 2024. The company's total domestic sales in Q4 2025 were down 5%, while passenger vehicle sales grew by 3%.
Maruti Suzuki India Ltd. saw a 3.1% increase in total sales, reaching 192,984 units in March 2025, compared to 187,196 units in the previous year. For FY25, Maruti Suzuki achieved its highest-ever sales at 22,34,266 units, driven by record domestic sales and exports.
Ashok Leyland Ltd. recorded a 6% rise in total sales to 24,060 units in March 2025, with truck and bus sales increasing by 10%. However, its light commercial vehicle (LCV) sales saw a 4% decline. For FY25, the company’s overall sales remained largely flat compared to FY24.
Eicher Motors Ltd.'s commercial vehicle unit saw strong growth with a 7.6% increase in sales to 12,094 units in March 2025, driven by a 44.3% surge in exports.
These reports reflect varying performance trends in the automotive sector for March 2025 and the fiscal year, highlighting gains in certain segments while others faced slight declines.
Published on: April 1, 2025
Shares of Aditya Birla Real Estate surged by up to 3% in intraday trading on April 1, 2025, reaching a high of Rs 2,028.30 per share, after the company announced the sale of its Century Pulp & Paper business to ITC Ltd. for Rs 3,498 crore on a slump sale basis. The transaction, which includes the production, distribution, and sale of various paper products, is subject to shareholder and regulatory approvals and is expected to close within six months.
The deal is seen as a strategic move to unlock capital for Aditya Birla Real Estate's high-growth real estate business. Brokerages have reacted positively, with Antique Broking maintaining a 'Buy' rating and a target price of Rs 3,448, citing the potential for increased growth.
Nomura also issued a 'Buy' rating, noting that the sale will significantly reduce the company's debt, potentially making it nearly net-debt-free, which enhances its ability to pursue business development.
At 10:31 AM, Aditya Birla Real Estate shares were trading 1.36% higher at Rs 1,996.05, outperforming the broader market, as the BSE Sensex was down 1.22%.
Published on: April 1, 2025
LIC Ltd. is reportedly in the final stages of acquiring a 40-49% stake in ManipalCigna Health Insurance for Rs 3,500-3,700 crore, a deal expected to reshape the health insurance market. The acquisition would give LIC access to ManipalCigna's portfolio, which is currently owned by Manipal Education and Medical Group (51%) and Cigna Holding Overseas (49%). This strategic move aims to leverage LIC’s vast agency distribution network of 1.4 million agents to rapidly scale its health insurance offering.
J.P. Morgan analysts predict that LIC's entry into the health insurance space could disrupt the market with competitive pricing to capture significant market share. However, managing the health loss ratio remains a key challenge for LIC in this venture.
Despite ManipalCigna's smaller market share (1.4% in the total health insurance sector), the deal is expected to bring long-term value. The acquisition's impact on LIC’s financials is expected to be minimal, but the potential for offering combined life and health insurance products could provide significant growth opportunities.
Published on: April 1, 2025
On April 1, 2025, shares of ITC Ltd. and Aditya Birla Real Estate Ltd. (ABREL) experienced mixed movements following ITC’s announcement of acquiring Century Pulp and Paper for Rs 3,498 crore. ITC’s acquisition is part of its strategy to expand its Paperboards and Specialty Papers Business, with the move expected to increase its paper capacity by 60%, from 8 lakh MT to 12.8 lakh MT per annum.
ABREL, which is divesting its Pulp and Paper business to ITC, stated that this move will allow it to focus on growth opportunities in its core real estate business. ITC shares saw mild losses of 0.25%, trading at Rs 408.75, while ABREL shares surged over 3%, trading at Rs 2,019. The acquisition is subject to legal and regulatory approvals, including from the Competition Commission of India (CCI).
Published on: April 1, 2025
On April 1, 2025, stock markets are expected to remain volatile as investors anxiously await US President Donald Trump’s announcement on reciprocal tariffs, scheduled for April 2. The uncertainty surrounding global tariffs has caused a ripple effect across equity markets, with investors keeping a close eye on upcoming macroeconomic data, including Manufacturing PMI reports and US job data. Back home, the market is also focused on auto sales data, foreign fund activity, and Rupee-Dollar movement.
Asia-Pacific markets have shown signs of recovery after a rough start to the week, while gold prices hit record highs amid the uncertainty. Key stocks in focus today include ITC, Aditya Birla Real Estate, Hindustan Aeronautics, and Vodafone Idea, with important corporate updates driving investor sentiment. Key technical levels to watch on Sensex and Nifty will determine market direction in the short term.
Published on: April 1, 2025
Godrej Properties Ltd has achieved remarkable sales in its newly launched luxury housing project, Godrej Riverine, located in Sector 44, Noida, Uttar Pradesh. The company announced that it has sold over 275 homes, totaling more than Rs 2,000 crore, during the initial launch phase.
This strong demand highlights the appeal of the luxury development, marking a successful entry into the premium real estate market in Noida.
Published on: April 1, 2025
ONGC Green Limited, a wholly owned subsidiary of Oil and Natural Gas Corporation (ONGC), has outlined its ambitious growth plans for 2030. The company aims to meet its parent’s 10 GW renewable energy target by the end of the decade, contributing an EBITDA of Rs 6,000 crore, nearly 9% of ONGC’s standalone EBITDA for FY24, CEO Sanjay Kumar Mazumder told NDTV Profit.
Mazumder highlighted the significant acquisition of Ayana Renewable Power, which has a 4.1 GW portfolio of operational and under-construction assets, with a target EBITDA of Rs 3,300 crore from the acquisition by FY27. The company has also acquired PTC Energy, which holds 289 MW of wind energy capacity, and is planning to float a tender for 600 MW of solar energy and 1,200 MW of battery energy storage.
ONGC, as a group, has committed to investing Rs 1 lakh crore in renewables by 2030, with ONGC Green expecting an equity infusion of Rs 25,000 crore from its parent. While a listing of ONGC Green is not planned in the short term, Mazumder hinted at the possibility in the coming years.
Published on: April 1, 2025
TVS Motor Company reported a 17% year-on-year increase in total sales, reaching 4,14,687 units in March 2025, compared to 3,54,592 units in the same month last year. The company’s two-wheeler sales saw a 16% rise, with 4,00,120 units sold in March, up from 3,44,446 units in March 2024.
Domestic two-wheeler sales grew by 14%, totaling 2,97,622 units, as compared to 2,60,532 units in the previous year. This performance underscores TVS Motor's ongoing strength in the market and growing demand for its two-wheelers.