The Indian stock markets are expected to open on a positive note, as indicated by the GIFT Nifty. On Monday, the key benchmark indices ended in the red. The BSE Sensex closed at 77,186.74, down by 319 points or 0.41%, while the Nifty50 settled at 23,361.05, registering a decline of 121 points or 0.52%.
Stocks to Watch
Banking Sector
- The Department of Financial Services (DFS) Secretary stated that the government has conveyed its views on the Liquidity Coverage Ratio (LCR) to the Reserve Bank of India (RBI) and does not want banks’ funds to be locked up.
Defence Stocks
- The Defence Secretary highlighted the need to ensure that contract values are three times higher than last year.
Key Corporate Updates
- Samvardhana, Sona BLW: The US has paused tariffs on Canada and Mexico for one month, potentially impacting related businesses.
- Garden Reach: Q3 results were in line with estimates, with margins improving by 60 basis points (bps) year-on-year (YoY).
- NLC India: Reported a revenue increase of 39.4%, with margins at 41.4% versus 28.6% YoY.
- Titagarh Rail: Expanded into two new business verticals, including shipbuilding.
- Castrol: Margins increased by 180 bps, and revenue rose by 7% YoY.
- HFCL: EBITDA grew 31% YoY, though the company has temporarily halted its Optical Fiber Cable (OFC) manufacturing project in Poland.
- Premier Energies: Margins improved to 29.9% from 17.3%, with EBITDA rising 4.2 times YoY.
- GIC: Gross premiums written rose by 13.6%, and net premium earned increased by 10.1% YoY.
- Subros: EBITDA climbed 30.5%, with margins improving to 9.5% from 8.1% YoY.
- Paradeep Phosphates: EBITDA increased by 19%, with revenue rising by 58% YoY.
- Power Grid: Q3 results missed estimates, with margins falling to 84.9% from 88.5% YoY.
- Tata Chemicals: Disappointed the market, with Q3 margins declining by 240 bps.
- Gland Pharma: Revenue declined 10.4% YoY, missing expectations.
- KEC International: Reported 9% revenue growth for 9MFY25, falling short of its 15% annual growth guidance.
- Spandana Sphoorty: CARE Ratings downgraded its rating to A (Negative).
- Shalby: Reported a net loss versus a profit last year, with margins shrinking to 12.3% from 19.6% YoY.
- DOMS: Margins dropped by 110 bps, although revenue grew by 35% YoY.
- Welspun Enterprises: Net profit declined by 13.4%, with margins slipping to 14.8% from 17.9% YoY.
- Gateway Distriparks: EBITDA fell by 5.9%, with margins at 24% versus 26.2% YoY.
- Thomas Cook: Net profit dropped by 47.7%, with margins at 5.6% compared to 6.1% YoY.
- Dredging Corporation of India: EBITDA decreased by 24.1%, with margins falling to 16.1% from 25.9% YoY.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
