StockReport Archive

Weekly Report: 28th April 2025

Weekly Trend Report

Week Gone By

This week, the stock market ended with small gains, as investors responded to mixed signals from around the world. The Sensex rose by 659 points to 79,212.53, and the Nifty gained 188 points to close at 24,039.35. Markets started strong, boosted by good earnings from Indian companies, but lost some momentum later in the week due to rising geopolitical tensions, especially after a terrorist attack in Kashmir. The IMF also lowered India’s growth outlook for FY26 to 6.2% because of global trade uncertainties. Meanwhile, China kept interest rates unchanged, Japan’s inflation hit a two-year high, and global markets showed cautious optimism after China expressed openness to trade talks with the US—though it firmly rejected any talks under pressure of sanctions.

Week Ahead

Next week, the market will watch important economic updates from India and around the world. In India, industrial production data for March comes out on April 28, followed by the final HSBC Manufacturing PMI on May 2. Globally, China will release two key manufacturing PMI numbers on April 30. In the US, job openings data (JOLTs) will be out on April 29, while inflation and manufacturing data will be shared on April 30. The Bank of Japan will announce its interest rate decision on May 1, along with Japan’s consumer confidence numbers. Finally, the US will release crucial jobs data, including non-farm payrolls and the unemployment rate, on May 2. All these events are likely to impact market sentiment and trading direction.

Technical Overview

Nifty ended the week strong near 24,040 and formed a bullish candle, showing steady buying interest throughout the week.
The index closed well above the 20-week EMA, confirming a short-term positive trend.
The 9-week EMA is turning upward and is now crossing the 20-week EMA, forming a strong support zone.
RSI has moved above 50 and is now at 55 — showing growing strength, but it’s not overbought yet.
MACD’s bearish signals are fading, and a bullish crossover may happen if this uptrend continues.
ADX shows trend strength is returning — the +DI line is now above -DI, which supports the bullish case.
Bullish candles in recent weeks had higher trading volumes than the bearish ones, signaling accumulation.
Nifty has entered the Ichimoku cloud on the weekly chart, which can act as a resistance — a breakout above it will further boost the bullish view.
The index has formed higher lows for three weeks in a row — a sign of ongoing upward momentum.
Outlook: Holding above 24,000 is key to keeping the rally alive. If Nifty crosses 24,500, it may head toward previous all-time highs.

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Newsletter: 29th April 2025

Big Selloff Hits Tata

Aaj Ka Bazaar

The US market fluctuated before ending mixed overnight, and gold advanced as investors looked for signs of progress in tariff negotiations at the top of an eventful week of corporate earnings and economic data. Asian markets were broadly higher this morning as senior Chinese officials outlined plans to support jobs and help exporters and hinted at the possibility of more stimulus. China’s top diplomat warned countries against caving into US tariff threats after reports emerged that Asian economies like South Korea, Japan, and India are taking the lead in trade talks with Trump’s administration. Domestic markets are anticipated to open flat to positive on Tuesday due to mixed global cues, despite weak IIP data and varied corporate results keeping pressure on the market. Official data revealed that India’s industrial production rose 3% YoY in March, faster than the revised 2.7% growth in February. The expected increase was 3.3%. The overall growth in March was mainly due to the developments in the manufacturing and electricity segments.

Markets Around Us

BSE Sensex – 80,594.07 (0.47%)

Nifty 50 – 24,445.30 (0.48%)

Bank Nifty – 55,815.95 (0.69%)

Dow Jones – 40,287.32 (-0.42%)

Nasdaq – 17,366.13 (-0.10%)

FTSE – 8,417.34 (0.02%)

Nikkei 225 – 35,839.99 (0.00%)

Hang Seng – 22,020.68 (0.21%)

Sector: IT Services

Tata Tech Falls on TPG Stake Sale

Tata Technologies shares dropped 6% to an intraday low of ₹663.45 on Tuesday after reports that TPG Rise Climate sold a 3.95% stake through a bulk deal. The U.S.-based investor likely offloaded around 1.6 crore shares worth ₹1,094 crore at ₹683 per share, offering a discount of up to 5% to the current market price. As of March 2025, TPG held a 6.01% stake, and post-sale, the remaining shares will have a 60-day lock-in. BofA Securities is handling the deal, but official confirmation is still awaited. This comes shortly after Tata Technologies posted strong Q4 results with a 20% year-on-year profit jump to ₹189 crore, despite a slight revenue dip.

Why it Matters:

TPG’s bulk stake sale in Tata Technologies has raised concerns among investors, putting pressure on the stock despite strong Q4 results. The discounted deal suggests a cautious outlook from institutional players. Combined with bearish analyst ratings, this could affect near-term sentiment and valuation.

NIFTY 50 GAINERS

BEL – 311.45 (2.10%)

TATAMOTORS – 676.50 (1.25%)

TRENT– 5264.00 (1.05%)

NIFTY 50 LOSERS

NESTLEIND – 2360.40 (-1.90%)

DRREDDY – 1178.30 (-1.70%)

SUNPHARMA – 1812.60 (-1.57)

Sector : Pharma

Aurobindo Shares Dip After kakinada fire

Aurobindo Pharma shares dropped over 3% on April 29 after a fire broke out at its Penicillin-G manufacturing facility in Kakinada, Andhra Pradesh. The fire occurred on April 27 near the coal crusher area and damaged some supporting equipment, though the main plant infrastructure was not affected. Thankfully, no injuries were reported. As a result, the plant’s operations will be paused for about 20 to 25 days to replace the damaged equipment. The company stated that this incident is unlikely to have a major impact on its overall operations or financials and that the facility is fully insured. Aurobindo is still assessing the full extent of the damage. At 10 am, the stock was trading at ₹1,211, down 3% on the BSE. The stock’s 52-week range is between ₹1,010 and ₹1,592, and its current market value stands at ₹70,400 crore. The fire is believed to have started due to coal self-ignition.

Why it Matters:

Aurobindo Pharma’s shares fell after a fire incident paused operations at its Kakinada plant for up to 25 days. While the core infrastructure remains intact and the financial impact is expected to be minimal, the market reacted quickly. This reflects investor caution around operational risks, even when disruptions seem manageable.

Around the World

Most Asian stock markets moved higher on Tuesday, led by gains in auto stocks after the U.S. announced it would ease some auto tariffs, especially on foreign parts used in U.S.-made cars. This helped lift shares of automakers like NIO and Geely in Hong Kong and Hyundai in South Korea. Japan’s markets were closed for a holiday, though Nikkei futures rose 0.3%, suggesting gains when trading resumes. Investors are also watching the upcoming Bank of Japan policy meeting, where interest rates are expected to stay unchanged despite strong inflation. Meanwhile, China’s markets slipped slightly, with the Shanghai Composite down 0.1%, as Beijing held back on announcing new stimulus measures even amid continued U.S.-China trade tensions. While the U.S. signaled ongoing contact with China, no fresh progress on trade talks has been confirmed. Investors now await key Chinese manufacturing data on Wednesday for insights into the impact of tariffs on factory activity.

Option Traders Corner

Max Pain

Nifty 50 – 24300

Bank Nifty – 54600

Nifty 50 – 24245 (Pivot)

Support – 24,136, 23,944, 23,835

Resistance – 24,437, 24,546, 24,738

Bank Nifty – 55197 (Pivot)

Support – 54,817, 54,202, 53,822

Resistance – 55,812, 56,192, 56,807

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India’s Retail Investor Surge: Market Participation Hits Record Highs in 2024

India’s stock market has seen a 36% rise in retail participation, with over 50 million investors active by 2024. This surge is driven by increased financial literacy, digital trading platforms, and government initiatives. Systematic Investment Plans (SIPs) have also gained popularity, with monthly contributions hitting ₹14,000 crore in early 2025. These trends reflect growing confidence in India’s equity markets.

Newsletter: 28th April 2025

Tata Tech Profit Surge

Aaj Ka Bazaar

The US market ended on a firm note Friday and logged substantial gains for the week amid optimism that the worst tariff-induced uncertainty is over. Asian market edged higher at the open in a cautious start to the week as investors await progress in US trade negotiations with the region and signs of further stimulus from China. Indian equity markets might be poised for a start in the green on April 28, snapping a two-session losing streak as a result of global volatility and geopolitical tensions. On stock-specific news, RailTel Corporation of India will remain focused today following the company’s receipt of the work order worth Rs 90 crores from The Institute Of Road Transport. The contract is for the ERP’s design, development, supply, implementation, operations and maintenance for MTC Chennai, TNSTC-Coimbatore and TNSTC Madurai and will be executed by 2026. Investors will focus on key economic data this week – the Bank of Japan’s rate decision, the US jobs report, and gross domestic product data – to see if the recent steadiness in markets will continue as tariff tensions tamp down.

Markets Around Us

BSE Sensex – 79,637.19 (0.54%)

Nifty 50 – 24,157.00 (0.49%)

Bank Nifty – 55,164.75 (0.92%)

Dow Jones – 39,945.52 (-0.42%)

Nasdaq – 17,382.94 (1.26%)

FTSE – 8,415.25 (0.09%)

Nikkei 225 – 35,841.16 (0.38%)

Hang Seng – 21,999.79 (0.09%)

Sector: IT Services

Tata Tech Q4 Profit Surges 20%

Tata Technologies is likely to stay in focus after reporting a 20% year-on-year rise in net profit to ₹189 crore in Q4FY25, up from ₹157 crore a year ago. The profit also grew 12% from the previous quarter’s ₹169 crore. However, revenue dipped slightly to ₹1,286 crore, down 1.2% YoY and 2.4% QoQ. The company managed to keep its expenses in check, which helped drive strong profit growth despite lower revenue. Quarterly costs dropped to ₹1,088 crore from ₹1,119 crore in Q3 and ₹1,094 crore in the same period last year. The board also approved a total dividend of ₹11.70 per share, including a final and special payout. Despite these strong results, the stock has dropped 35.19% in the past year and is down 22.19% year-to-date. On Friday, Tata Technologies shares closed at ₹693.25 on the BSE, down 3.34%.

Why it Matters:

Tata Technologies’ strong profit growth despite falling revenue highlights its effective cost control. The generous dividend payout shows management’s confidence in the company’s financial health. With shares down significantly over the past year, this performance could attract renewed investor interest.

NIFTY 50 GAINERS

RELIANCE – 1342.90 (3.27%)

BEL – 304.60 (2.35%)

ICICIBANK– 1429.70 (1.77%)

NIFTY 50 LOSERS

SHRIRAMFIN – 603.50 (-7.89%)

TECHM – 1439.70 (-1.53%)

HCLTECH – 1539.40 (-1.53)

Sector : Telecom Services

RailTel Shares Rise on 90-Crore

RailTel Corporation shares edged up in early trade on April 28 after the company won a new order worth ₹90 crore from the Institute of Road Transport. The project involves implementing an ERP system for transport units in Chennai, Coimbatore, and Madurai, and is set for completion by October 18, 2026. At 9:30 am, the stock was trading at ₹304.30 on the BSE, up 0.90%. This comes after RailTel recently secured another contract worth nearly ₹20 crore from UTI Infrastructure for managed cloud services over three years. In March, the company also bagged a ₹25.15 crore order from Hindustan Petroleum for a five-year network renewal project. Despite recent wins, the stock remains 50.76% below its 52-week high of ₹618, though it’s 14.7% above its 52-week low of ₹265.30, recorded in March 2025. RailTel’s growing order book signals steady business momentum, which could attract investor interest going forward.

Why it Matters:

RailTel’s consistent order wins highlight strong demand for its digital and infrastructure services. The latest ₹90 crore ERP contract boosts its revenue visibility and business momentum. With the stock trading well below its 52-week high, these developments may drive renewed investor interest.

Around the World

Most Asian currencies weakened on Monday, while the dollar gained slightly due to ongoing uncertainty about the U.S.-China trade war. Traders were reacting to mixed signals about trade talks, with Treasury Secretary Scott Bessent’s comments adding doubts about real negotiations between the two countries. The Japanese yen stood out as it benefited from safe-haven demand, although it faces pressure ahead of the Bank of Japan meeting this week. The U.S. dollar index rose by 0.2%, but it remains close to a three-year low. Meanwhile, the Chinese yuan weakened, though its losses were limited by a stronger fix from China’s central bank. The Indian rupee was stable around 85.35 against the dollar after recent sharp declines. Broader market sentiment remains cautious, with traders focused on upcoming economic data, including China’s PMI figures and inflation reports from Australia, while uncertainty around the trade war continues to affect currency movements.

Option Traders Corner

Max Pain

Nifty 50 – 24100

Bank Nifty – 54500

Nifty 50 – 24084 (Pivot)

Support – 23,802, 23,566, 23,285

Resistance – 24,320, 24,601, 24,838

Bank Nifty – 54730 (Pivot)

Support – 54,110, 53,556, 52,936

Resistance – 55,284, 55,904, 56,458

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India’s Retail Investor Surge: Market Participation Hits Record Highs in 2024

Newsletter: 25th April 2025

Patel Engineering Bags Big Projects

Aaj Ka Bazaar

Wall Street indices ended in the positive territory on Thursday, driven by gains in tech stocks and as investors assessed mixed corporate earnings. The S&P 500 rose by 2.03%, the tech-heavy Nasdaq Composite surged 2.74%, and the Dow Jones climbed 1.23%. Buoyed by the strong performance of U.S. markets, Asian indices also posted gains. Japan’s Nikkei 225 advanced 1.41%, Hong Kong’s Hang Seng Index rose 0.78%, and China’s CSI 300 edged up 0.28%. In line with the global rally, Indian benchmark indices are expected to open on a positive note, as suggested by higher trading levels in the GIFT Nifty. On the stock-specific front, Container Corporation of India (CONCOR) signed a Memorandum of Understanding (MoU) with the Ministry of Railways, Ministry of Petroleum and Natural Gas, and GAIL to jointly develop LNG infrastructure across various terminals.

Markets Around Us

BSE Sensex – 79,830.15 (0.04%)

Nifty 50 – 24,283.95 (0.15%)

Bank Nifty – 55,274.10 (0.13%)

Dow Jones – 40,121.83 (0.07%)

Nasdaq – 17,166.04 (2.74%)

FTSE – 8,407.44 (0.05%)

Nikkei 225 – 35,705.68 (1.92%)

Hang Seng – 22,228.20 (1.46%)

Sector: Civil Construction

Patel Engineering bags ₹2,036cr

Patel Engineering shares rose for the fifth straight session on April 25 after being declared the lowest bidder (L1) for two major projects worth ₹2,036.89 crore. The first is a ₹718 crore contract from NEEPCO for a 240 MW hydroelectric project in Arunachal Pradesh, expected to generate 1,000 million units of energy annually. The second is a ₹1,318.89 crore contract from CIDCO for building the Kondhane Dam in Maharashtra. Both projects involve extensive civil, hydro-mechanical, and electrical work and are expected to be completed in about 3.5 years. The stock recently hit a 52-week low of ₹33.65 on April 7 but is now trading over 30% above that level. However, it’s still down more than 40% from its 52-week high of ₹74.38. With a market cap of ₹3,744 crore, the company’s strong project wins could continue driving momentum in the stock.

Why it Matters:

Patel Engineering’s recent project wins worth over ₹2,000 crore strengthen its order book and boost revenue visibility. These contracts highlight the company’s execution strength in large-scale infrastructure projects. With the stock rebounding from its 52-week low, investor confidence appears to be gaining momentum.

NIFTY 50 GAINERS

SBILIFE – 1704.90 (6.01%)

HDFCLIFE – 723.80 (2.17%)

TCS– 3469.80 (2.00%)

NIFTY 50 LOSERS

AXISBANK – 1168.20 (-3.22%)

NESTLEIND – 2407.00 (-1.08%)

BEL – 303.75 (-0.64)

Sector : Housing Finance Company

Macrotech Q4 Profit Soars 38.5%

Macrotech Developers, known for its Lodha brand, will be in focus after reporting a strong Q4 performance with a 38.5% YoY jump in net profit to ₹921.7 crore. EBITDA rose 16.6% to ₹1,220.7 crore, with margins improving to 28.9% due to better pricing and cost control. The company posted a 21% rise in sales bookings for FY25 at ₹17,630 crore, backed by strong collections of ₹14,490 crore. Despite investing in 10 new land parcels worth ₹23,700 crore in future revenue, it reduced net debt by 7% to ₹3,990 crore. The board also declared a ₹4.25 per share dividend. Focus remains on expanding mid-income and affordable housing, which contributes 60% of its revenue. While the stock closed 3.3% lower at ₹1,320.3 in the last session, it has gained 19% in two weeks and 191% in two years.

Why it Matters:

Macrotech’s strong profit growth, improved margins, and solid sales bookings signal healthy business momentum. The company’s ability to reduce debt while expanding through new land acquisitions shows financial discipline. Its focus on affordable and mid-income housing positions it well for long-term demand and growth.

Around the World

Asian stock markets moved higher on Friday, led by gains in technology stocks after strong earnings from Alphabet boosted U.S. markets overnight. Japan’s Nikkei led the rally, supported by hopes of progress in U.S.-Japan trade talks, despite hotter-than-expected Tokyo inflation data raising the chances of future rate hikes. Tech-heavy indexes like the Hang Seng, KOSPI, and Nikkei rose 0.6% to 1.4%, driven by continued optimism around AI from companies like Alphabet, Amazon, and Nvidia. Baidu jumped 4% after launching its upgraded Ernie AI model, while BYD gained ahead of its earnings. U.S. rate cut hopes also supported sentiment. However, Chinese stocks underperformed due to concerns over the ongoing trade tensions with the U.S., as mixed signals emerged from both sides. Japan’s TOPIX also gained 1.1%, while Singapore’s Straits Times slipped 0.5%. India’s Nifty 50 was expected to open flat, reflecting cautious sentiment across broader Asian markets.

Option Traders Corner

Max Pain

Nifty 50 – 24200

Bank Nifty – 54800

Nifty 50 – 24270 (Pivot)

Support – 24,192, 24,138, 24,060

Resistance – 24,324, 24,401, 24,456

Bank Nifty – 55280 (Pivot)

Support – 55,009, 54,818, 54,547

Resistance – 55,471, 55,742, 55,933

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India’s Retail Investor Surge: Market Participation Hits Record Highs in 2024

Newsletter: 24th April 2025

Persistent Delivers Strong Q4

Aaj Ka Bazaar

Wall Street indices closed higher on Wednesday, buoyed by comments from Treasury Secretary Scott Bessent, who stated that the high tariffs between the US and China were unsustainable. Additionally, former President Trump signaled openness to easing trade tensions between the world’s two largest economies. The Dow Jones Industrial Average rose 1.07%, the S&P 500 gained 1.67%, and the Nasdaq Composite advanced 2.50%. Meanwhile, markets in the Asia-Pacific region showed a mixed trend. Japan’s Nikkei climbed 0.89%, while Hong Kong’s Hang Seng Index and mainland China’s CSI 300 edged down by 0.1% and 0.16%, respectively. Indian benchmark indices are expected to open lower, as indicated by the GIFT Nifty trading in the red. Sentiment is likely to be impacted by diplomatic and economic actions taken in response to the terrorist attack in Pahalgam on Tuesday. These include the suspension of the Indus Waters Treaty, halting trade with Pakistan via the Attari-Wagah border, and visa cancellations. On the stock-specific front, Bharat Petroleum Corporation Ltd (BPCL) has signed a joint venture agreement with GPS Renewables Pvt Ltd to set up a nationwide network of compressed biogas (CBG) plants. The initiative aims to strengthen India’s renewable energy infrastructure and support BPCL’s Net Zero ambitions. The JV will focus on converting organic biomass waste into CBG using advanced waste-to-energy technologies.

Markets Around Us

BSE Sensex – 79,927.42 (-0.24%)

Nifty 50 – 24,255.10 (-0.30%)

Bank Nifty – 55,389.20 (0.03%)

Dow Jones – 39,527.57 (-0.20%)

Nasdaq – 16,708.05 (2.50%)

FTSE – 8,403.18 (0.89%)

Nikkei 225 – 35,121.09 (0.72%)

Hang Seng – 21,786.80 (-1.29%)

Sector: Computer software

Persistent Q4 Profit Surges

Persistent Systems’ shares rose 3% after the company posted strong Q4 results for FY25. Net profit jumped 25.5% year-on-year to ₹396 crore, while revenue grew over 25% to ₹3,242 crore. The company also declared a final dividend of ₹15 per share, taking the total FY25 payout to ₹35 as it marks its 35th anniversary. CEO Sandeep Kalra highlighted it was their 20th consecutive quarter of revenue growth, with a stable EBIT margin of 15.6%. He credited the performance to client trust, disciplined execution, and a focus on innovation. Persistent plans to hit $2 billion in annual revenue by FY27 through AI-led, platform-driven services. The company also reported a healthy Total Contract Value (TCV) of $517.5 million and Annual Contract Value (ACV) of $350.2 million for the quarter. Founder Anand Deshpande emphasized their early bets on AI and consistent focus on delivering tech solutions that add long-term value.

Why it Matters:

Persistent Systems reported a strong Q4 with a 25% jump in profit and over 25% revenue growth, showing solid business momentum. The ₹35 total dividend marks its 35th anniversary and reflects investor-friendly policies. With a sharp focus on AI-driven services, the company is well-positioned for long-term growth and market leadership.

NIFTY 50 GAINERS

INDUSINDBK – 826.05 (4.01%)

NESTLEIND – 2482.50 (2.02%)

ASIANPAINT – 2479.10 (2.02%)

NIFTY 50 LOSERS

TATACONSUM – 1126.40 (-2.06%)

BHARTIARTL – 1856.90 (-1.31%)

ETERNAL- 237.10 (-0.89)

Sector : Housing Finance Company

Bajaj Housing Q4 Profit Soars

Bajaj Housing Finance shares rose 4.5% to ₹137 after reporting strong Q4FY25 results. Net profit jumped 54% YoY to ₹587 crore, while net interest income increased 31% to ₹823 crore. Asset quality remained stable, with gross NPAs at 0.29% and net NPAs at 0.11%. Disbursements also rose to ₹14,250 crore, up from ₹11,393 crore a year ago. The company’s Assets Under Management (AUM) crossed ₹1.14 lakh crore, marking 26% annual growth. While the numbers look strong, HSBC maintained a “Reduce” rating, citing concerns over rising costs, margin pressure, and expected slowdown in earnings growth. Still, Bajaj Housing has delivered robust performance despite industry competition. So far in 2025, the stock has gained 3.6%, outpacing the Nifty 50’s 2% rise. The company remains on a growth path, but analysts will be watching how it manages margins and credit costs in the coming quarters.

Why it Matters:

Bajaj Housing Finance delivered a strong Q4 with a 54% profit surge and steady asset quality, signaling solid operational performance. Disbursements and AUM saw healthy growth, reflecting strong demand. While analysts remain cautious about margin pressure, the company’s consistent profitability shows its resilience in a competitive market.

Around the World

Most Asian markets edged up on Thursday, following gains on Wall Street after President Trump hinted at easing U.S.-China trade tensions and softer comments on the Federal Reserve. However, optimism faded as there was no clear progress, and U.S. officials suggested China must make the first move. Japan led the gains, with the Nikkei 225 rising nearly 1% on reports of renewed U.S. trade talks. Japanese automakers like Toyota and Honda jumped after news that Trump might exclude auto parts from tariffs. Nintendo also surged on strong demand for its upcoming Switch 2. In contrast, South Korea’s KOSPI fell 0.6% after GDP unexpectedly shrank in Q1, overshadowing strong earnings from chipmaker SK Hynix. China, Singapore, and Australia posted moderate gains, while Hong Kong dipped due to profit booking in tech stocks. Indian markets were cautious, with futures indicating a weak open amid geopolitical tensions in Kashmir. Markets await earnings from major Chinese firms like BYD and PetroChina.

Option Traders Corner

Max Pain

Nifty 50 – 24200

Bank Nifty – 54200

Nifty 50 – 24269 (Pivot)

Support – 24,179, 24,030, 23,940

Resistance – 24,418, 24,508, 24,658

Bank Nifty – 55543 (Pivot)

Support – 54,988, 54,607, 54,052

Resistance – 55,925, 56,479, 56,861

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India’s Retail Investor Surge: Market Participation Hits Record Highs in 2024

Newsletter: 23rd April 2025

Ashoka Buildcon Bags Big

Aaj Ka Bazaar

Wall Street indices rebounded on Tuesday, recovering from the previous day’s losses and closing in positive territory after US President Donald Trump announced plans to ease tariff rates on China. He also clarified that he has “no intention” of removing Federal Reserve Chair Jerome Powell. The Dow Jones Industrial Average gained 2.66%, the S&P 500 rose 2.51%, and the Nasdaq Composite advanced 2.71%. Markets in the Asia-Pacific region also experienced a relief rally, trading in the green following Trump’s remarks on easing trade tensions with China. Taking cues from the global market recovery and the potential easing of trade tensions, Indian benchmark indices are expected to open on a positive note. This is further supported by GIFT Nifty trading higher. On the stock-specific front, Ashoka Buildcon Limited received a Letter of Acceptance (LoA) for a ₹568.86 crore project from Central Railway. The project involves gauge conversion work between Pachora and Jamner in Maharashtra, including earthworks, construction of major and minor bridges, road under-bridges (RUBs), permanent way works, and other related civil infrastructure.

Markets Around Us

BSE Sensex – 80,090.07 (0.62%)

Nifty 50 – 24,318.15 (0.62%)

Bank Nifty – 55,883.50 (0.42%)

Dow Jones – 39,632.78 (1.14%)

Nasdaq – 16,300.42 (2.71%)

FTSE – 8,328.60 (0.64%)

Nikkei 225 – 34,916.67 (2.03%)

Hang Seng – 22,077.33 (2.35%)

Sector: Civil Construction

Ashoka Builcon share surge

Ashoka Buildcon shares rose 4% in early trade on April 23 after the company received a Letter of Acceptance (LoA) from Central Railway for a ₹568.86 crore infrastructure project. This contract involves construction work for gauge conversion over a 53.3 km stretch between Pachora and Jamner, excluding some specific areas, and must be completed within 30 months. At 09:16 am, the stock was trading at ₹206 on the BSE, up ₹8. This marks the fourth straight session of gains for the stock. Earlier this month, Ashoka Buildcon also sold a 51% stake in its renewable energy subsidiary and secured another LoA worth ₹311.92 crore from the Maharashtra electricity board. The stock is currently 35% below its 52-week high of ₹319 (hit on Dec 31, 2024), but 30% above its 52-week low of ₹158 (touched on April 7, 2025). The company’s market cap now stands at ₹5,782.90 crore.

Why it Matters:

This matters because the ₹568.86 crore railway project win adds significant value to Ashoka Buildcon’s order book, strengthening its revenue outlook over the next 30 months. Consistent project wins also highlight the company’s strong execution capabilities and market credibility, which builds investor confidence. The recent stock rally reflects this positive momentum, indicating potential for further upside if the company continues to secure and deliver large-scale infrastructure contracts.

NIFTY 50 GAINERS

HCLTECH – 1581.70 (6.88%)

TECHM – 1434.90 (4.24%)

INFY– 1468.40 (3.20%)

NIFTY 50 LOSERS

SBILIFE – 1609.90 (-0.56%)

KOTAKBANK – 2260.10 (-0.38%)

BAJFINANCE- 9227.00 (-0.36)

Sector : IT

HCL Tech Surges 7%

HCL Technologies’ shares jumped over 7% to ₹1,587 on April 23 after the company posted its Q4FY25 results, which were mostly in line with market expectations. The company reported a 6% year-on-year increase in revenue to ₹30,246 crore and an 8% rise in net profit to ₹4,307 crore. Its EBIT margin stood at 18.3%, within its guided range. For the full fiscal year FY25, HCL saw a 6.5% growth in revenue and a 10.8% rise in profit. While the company offered slightly better-than-expected revenue guidance for FY26 at 2–5% growth in constant currency terms, its management remained cautious, citing uncertainty in the market and weak performance in new deal wins. This has tempered investor enthusiasm, despite the sharp jump in share price. The results indicate stability, but growth in the coming quarters may be moderate due to a challenging environment.

Why it Matters:

HCL Tech’s strong Q4 results highlight its ability to stay stable in a weak market. While revenue and profit grew, the cautious outlook and lower deal wins suggest growth may slow down in FY26. Despite this, the 7% stock surge shows investors welcomed the clarity and guidance.

Around the World

Asian stock markets jumped on Wednesday, following a strong rally on Wall Street after U.S. President Donald Trump suggested he might reduce trade tariffs on China. His softer tone, along with remarks from Treasury Secretary Scott Bessent calling the trade war unsustainable, boosted investor sentiment. Hong Kong and Japan led the gains, rising around 2%, while tech stocks across Asia rebounded sharply after recent losses. Australia’s market also rose on gains in mining and banking stocks, and futures indicated a strong start for India’s Nifty 50. However, Chinese markets underperformed, trading flat to lower, as investors remain cautious about the country’s economic outlook and ongoing tensions. Trump stated that any deal depends on China coming to the table, while China has so far maintained high retaliatory tariffs. Concerns persist as BofA cut its 2025 China growth forecast to 4%. Still, expectations are rising that Beijing will increase stimulus to support its economy.

Option Traders Corner

Max Pain

Nifty 50 – 24000

Bank Nifty – 54200

Nifty 50 – 24160 (Pivot)

Support – 24,078, 23,990, 23,908

Resistance – 24,249, 24,331, 24,419

Bank Nifty – 55617 (Pivot)

Support – 55,217, 54,899, 54,555

Resistance – 55,991, 56,334, 56,708

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Newsletter: 22nd April 2025

Battery Project Boosts HG Infra

Aaj Ka Bazaar

Wall Street indices closed lower on Monday after US President Donald Trump intensified his criticism of Federal Reserve Chair Jerome Powell, raising concerns about the central bank’s independence. Trump stated that Powell’s reluctance to cut interest rates immediately could slow the economy. This comes after Powell, last week, highlighted concerns about growth and inflation following Trump’s tariff announcements. The S&P 500 dropped 2.4%, the Nasdaq 100 fell 2.5%, and the Dow Jones Industrial Average also declined by 2.5%. Meanwhile, most markets in the Asia-Pacific region remained subdued due to global uncertainty. Indian benchmark indices are expected to open on a muted slightly on the positive side, driven by investor optimism over better-than-expected corporate earnings. On the stock-specific front, state-owned Coal India has entered into a partnership with Damodar Valley Corporation (DVC) to set up a 1,600 MW (2×800 MW) ultra-supercritical thermal power plant in Jharkhand. The brownfield project, estimated at ₹16,500 crore, will be an expansion of the existing Chandrapura Thermal Power Station (CTPS), which currently operates with a capacity of 2×250 MW.

Markets Around Us

BSE Sensex – 79,622.96 (0.27%)

Nifty 50 – 24,180.25 (0.23%)

Bank Nifty – 55,633.40 (0.58%)

Dow Jones – 38,306.08 (0.35%)

Nasdaq – 15,870.90 (-2.55%)

FTSE – 8,275.66 (0.00%)

Nikkei 225 – 34,197.14 (-0.26%)

Hang Seng – 21,387.39 (-0.04%)

Sector: Civil Construction

HG Infra Gains on Gujrat Bid Win

HG Infra Engineering shares rose 5% to ₹1,197 after being declared a qualified bidder for a major battery storage project by Gujarat Urja Vikas Nigam. The company may set up a 300 MW or 600 MWh standalone battery energy storage system under a global bidding process. Over the past week, the stock has jumped 12%, outperforming Nifty 50’s 8% gain. HG Infra, based in Jaipur, is known for building and managing infrastructure projects. Analysts at Axis Securities recently gave the stock a “buy” rating with a ₹1,201 target price. As of December 2024, the company had a strong order book of ₹15,080 crore—almost 3x its FY24 revenue—with 94% of the orders coming from government projects. It also won ₹2,195 crore worth of new orders in Q4FY25 and is targeting ₹10,000–12,000 crore more in FY26, with a focus on expanding beyond roads into other infrastructure sectors.

Why it Matters:

HG Infra’s selection for Gujarat’s battery storage project highlights its entry into the high-growth energy sector. With a strong order book and new wins worth ₹2,195 crore, the company is diversifying beyond roads. Backed by a bullish analyst view and rising stock price, HG Infra shows strong growth potential ahead.

NIFTY 50 GAINERS

ETERNAL – 241.45 (3.08%)

KOTAKBANK – 2290.80 (2.20%)

HDFCBANK– 1960.00 (1.71%)

NIFTY 50 LOSERS

INDUSINDBK – 800.05 (-3.40%)

HEROMOTOCO – 3835.70 (-2.08%)

INFY- 1427.00 (-1.65)

Sector : Residential, Commercial Projects

Anant Raj Soars on Profit Surge

Anant Raj shares jumped 7% to ₹525 after the company reported strong Q4FY25 results. Net profit rose 52% year-on-year to ₹118.6 crore, while revenue increased 22% to ₹540.7 crore. The company’s operating profit (EBITDA) grew 36.5% to ₹142.4 crore, and margins improved to 26.3%. It also declared a dividend of ₹0.73 per share. Despite this solid quarter, the stock is still down 28% over the last six months. Anant Raj has built over 20 million square feet across commercial, residential, hospitality, and retail segments. It is now expanding into the data center business by converting 5.66 MSF of commercial space into a 300 MW facility, partnering with government bodies for the project. This move could diversify revenues and improve long-term growth. The recent strong financials, shift into high-demand sectors, and a rewarding dividend point to a potential turnaround for the stock.

Why it Matters:

Anant Raj’s strong Q4 results, with a 52% profit jump and improved margins, highlight its solid financial recovery. The company’s move into the data center space marks a strategic shift toward high-growth opportunities. Despite recent stock declines, the performance signals potential for a long-term comeback.

Around the World

Asian currencies mostly rose on Tuesday as the U.S. dollar dropped to a three-year low after President Trump renewed pressure on the Federal Reserve to cut interest rates. Trump’s comments, along with White House advisors hinting at possible changes in Fed leadership, weakened the dollar further. This pushed currencies like the Japanese yen and Australian dollar higher. The yen gained 0.5% and the Aussie dollar rose 0.4%, while the Indian rupee, Singapore dollar, and Korean won saw minor gains. However, the Chinese yuan slipped due to ongoing U.S.-China trade tensions, despite the People’s Bank of China setting the yuan’s value much stronger than expected to support stability. The offshore yuan dropped 0.3%, while the onshore rate weakened by 0.2%. This shows Beijing’s effort to manage currency volatility, even as U.S. tariffs and diplomatic tensions weigh on market sentiment. Overall, the dollar’s weakness supported most Asian currencies, but China’s situation remains pressured by external risks.

Option Traders Corner

Max Pain

Nifty 50 – 24000

Bank Nifty – 54200

Nifty 50 – 24072 (Pivot)

Support – 23,956, 23,787, 23,670

Resistance – 24,242, 24,358, 24,528

Bank Nifty – 55147 (Pivot)

Support – 54,832, 54,360, 54,045

Resistance – 55,619, 55,933, 56,405

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Weekly Report: 21st April 2025

Weekly Trend Report

Week Gone By

The Indian stock market ended the truncated week on a strong note, with key indices rising sharply. This upbeat trend was largely supported by a drop in both retail and wholesale inflation — the Consumer Price Index (CPI) fell to 3.34% in March 2025, and the Wholesale Price Index (WPI) dropped to 2.05%. Lower inflation often signals that the Reserve Bank of India may keep interest rates steady, which is generally good news for both businesses and investors. Adding to the positive sentiment, several big companies announced better-than-expected quarterly earnings, reinforcing confidence in India’s economic recovery.

On the flip side, India’s trade deficit widened significantly to $21.54 billion in March, compared to $15.6 billion a year ago. This was due to a sharp 11.4% rise in imports, which touched a record $63.51 billion for the month — showing strong demand, possibly for raw materials or capital goods. Meanwhile, global cues were mixed but mostly positive. In the Eurozone, inflation eased to 2.2% in March, offering relief to European markets. In Japan, exports grew for the sixth straight month by 3.9% year-on-year, and imports rose by 2%, resulting in a trade surplus of 544.1 billion yen — a sign of economic resilience in Asia.

Together, the domestic and global data gave investors enough reasons to stay optimistic, pushing the markets higher despite the short trading week.

Week Ahead

Investor sentiment on Dalal Street remains positive, backed by India’s strong economic fundamentals and a relatively stable global backdrop for now. With Q4FY25 earnings season in full swing, corporate results are expected to guide market direction. Strong numbers could push markets higher, while weak performance may lead to short-term corrections. However, global uncertainty continues, especially due to ongoing geopolitical tensions between the US and China, which could trigger volatility. Despite this, Indian markets have stayed steady and resilient. Key domestic data, such as HSBC’s Flash Composite, Manufacturing, and Services PMI for April, will be released on Wednesday, 23 April, offering insights into the health of the Indian economy. Globally, US Durable Goods Orders and Existing Home Sales data for March are due on Thursday, 24 April. Japan will also release its Jibun Bank Flash PMIs on Wednesday. These updates will be closely watched and could influence short-term market movements.

Technical Overview

Nifty rallied sharply and ended the session near the 23,850 mark, clocking gains of over 400 points — a strong positive move after recent consolidation.
The index has approached a key level around 23,900, which has earlier seen supply. Holding above this would be crucial for continuation of the uptrend.
Momentum has clearly shifted in favour of the bulls, with recent price action breaking above the short-term consolidation range convincingly.
A short-term trend reversal is visible with the price moving above key moving averages, and the slope of these averages turning upward, supporting the upward bias.
Indicators show buying strength picking up — the directional movement index signals that positive momentum has overtaken selling pressure.
RSI is steadily rising but not in overbought territory yet, suggesting the market still has room to move higher before any signs of fatigue.
The MACD histogram has turned positive again, indicating fresh bullish momentum after a period of mild weakness.

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Weekly Report: 15th April 2025

Weekly Trend Report

Week Gone By

The Indian stock market ended the shortened trading week with moderate losses, largely due to rising global trade tensions and mixed investor sentiment. Throughout the week, the market was volatile, with traders reacting to uncertain global cues—especially concerns around new tariffs from the U.S. However, there was a sharp turnaround on Friday when U.S. President Trump announced a 90-day pause on imposing new tariffs. This move provided temporary relief to global markets, helping Indian indices recover some lost ground. Domestically, the Reserve Bank of India also played a supportive role by cutting the repo rate by 25 basis points to 6%, aiming to boost liquidity and support economic growth.

Despite these positive developments towards the end of the week, the benchmark indices still closed in the red. The Sensex dropped by 207 points (0.28%) to end at 75,157, and the Nifty slipped 75 points (0.33%) to close at 22,828. Broader market indices also showed weakness, with the BSE Mid-Cap falling 0.58% and the BSE Small-Cap down 0.15%. Investors are now closely watching the upcoming corporate earnings and any further policy changes globally, especially from the U.S., which could continue to influence market sentiment in the coming days.

ered by President Trump’s unexpected tariff hike. This move led to a sharp decline in global markets. Despite the volatility, Moody’s projected India’s growth at 6.5%, reflecting resilience. The RBI announced an Rs 80,000 crore Open Market Operation to boost liquidity. The domestic equity benchmarks extended their losing streak for the second consecutive session on Tuesday, The S&P BSE Sensex tanked 1,390.41 points, or 1.80%, to 76,024.51. The Nifty 50 index tumbled 353.65 points, or 1.50%, to 23,165.70. On the macroeconomic front, the US ADP National Employment Report showed that private payrolls increased by 155,000 in March, following an upwardly revised 84,000 gain in February—a sign that the labor market remains resilient despite economic uncertainties.

Week Ahead

The upcoming shortened trading week is likely to be volatile, with market direction heavily influenced by global developments—especially the progress or setbacks in the ongoing US-China trade talks. These negotiations could significantly impact export-focused sectors in India. Alongside this, investor sentiment will also depend on the movement of foreign and domestic institutional investments, as well as global cues like crude oil prices and the US dollar index. On the domestic front, the spotlight will be on Q4 corporate earnings, which are expected to guide the short-term trend of the market. Important economic data releases are also lined up for Tuesday, 15 April 2025, including India’s Wholesale Price Index (WPI) inflation, Consumer Price Index (CPI) inflation, and trade balance figures for March—all of which could influence market sentiment.

Technical Overview

Markets concluded the week on a robust note, rising nearly 2% in response to positive global signals.
The U.S. announcement to defer tariffs for all nations except China alleviated recession fears, significantly boosting sentiment and easing concerns about a worldwide economic slowdown.
Consequently, the Nifty index opened strongly with a gap-up, testing resistance near the 20-day exponential moving average (DEMA)around 22,900.
It subsequently traded within a narrow range before closing at 22,828.55.
In terms of sector performance, metals, energy, and pharmaceuticals drove the gains, with broader indices also experiencing a notable rebound, increasing between 1.82% and 2.86%. This recovery, underscored by a continued decline in the volatility index, presents a positive outlook; however, such sharp price movements can be challenging to navigate.
On the index front, a decisive close above 22,900 may set the stage for a retest of the significant moving average zone around 23,400.
Conversely, immediate support is positioned at 22,300. Until greater stability is achieved, we advise maintaining a hedged strategy. Participants should remain attentive to global developments and corporate earnings for further guidance

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Newsletter: 21st April 2025

HDFC Bank Delivers Strong Q4

Aaj Ka Bazaar

Wall Street indices posted losses for the third consecutive session on Thursday and remained closed on Friday in observance of Good Friday. The US index futures declined by 0.5% each after President Donald Trump made comments about terminating Jerome Powell, following Powell’s criticism of Trump’s trade policies. Tracking cues from Wall Street, Japan’s Nikkei slipped 0.74%, while the Hong Kong market remained shut for Easter holiday. Indian benchmark indices are expected to open on a slightly positive note, as indicated by GIFT Nifty trading in the green. However, markets may trend lower during the day, mirroring global sentiment. On the stock-specific front, TCS announced a partnership with Vianai Systems (a leading provider of enterprise-grade, domain-specific generative AI applications) to equip business leaders with advanced GenAI tools for decision intelligence.

Markets Around Us

BSE Sensex – 78,897.41 (0.44%)

Nifty 50 – 23,935.75 (0.35%)

Bank Nifty – 55,048.10 (1.40%)

Dow Jones – 38,856.87 (-0.76%)

Nasdaq – 16,286.45 (-0.13%)

FTSE – 8,275.66 (0.00%)

Nikkei 225 – 34,322.08 (-1.18%)

Hang Seng – 21,395.14 (0.00%)

Sector: Banking

HDFC Bank gains on strong growth

HDFC Bank, India’s largest private lender, reported strong Q4 results for FY25, with a 6.7% year-on-year rise in net profit to ₹17,616 crore and a 10.3% growth in net interest income (NII). The improvement was supported by solid loan growth and better asset quality—its gross NPA ratio dropped to 1.33% from 1.42% last quarter. The bank’s net interest margin remained healthy, reflecting efficient lending and deposit management. Analysts said the performance shows a turnaround from the past few weak quarters. Brokerages remained bullish, noting gains in deposit market share, stable slippages, and potential for better returns going forward. As a result, HDFC Bank’s stock rose nearly 2% in early trade. Overall, the bank appears well-positioned for steady growth in FY26 with a strong balance sheet and improving profitability.

Why it Matters:

HDFC Bank’s strong Q4 results show it’s bouncing back after a few weak quarters, driven by solid loan growth and stable asset quality. This performance boosts investor confidence and highlights the bank’s ability to manage costs and expand profitably. With brokerages staying bullish, it signals potential upside for the stock in the coming quarters.

NIFTY 50 GAINERS

TECHM – 1362.00 (4.82%)

INDUSINDBK – 820.00 (3.18%)

SBIN– 820.50 (2.89%)

NIFTY 50 LOSERS

ADANIPORTS – 1228.90 (-2.42%)

HDFCLIFE – 705.45 (-2.03%)

ITC- 422.00 (-1.23)

Sector : Computers- Software & Consulting

Tata Elxsi Q4 Disappoints

Tata Elxsi’s Q4 results were below market expectations, with net profit falling 13% YoY to ₹172 crore and revenue rising slightly to ₹908 crore—both missing estimates. The biggest drag was its transportation segment, which saw a nearly 10% drop in revenue due to global uncertainties and paused projects from major auto clients, especially in the US and Europe. These issues are linked to ongoing tariff and geopolitical challenges. As a result, Morgan Stanley downgraded the stock, cutting the target price to ₹4,660 and maintaining an ‘Underweight’ rating. The brokerage believes high valuations, weak earnings momentum, and a soft media segment could put more pressure on the stock. While the company is hopeful for improvement in the next quarter, near-term visibility remains uncertain. Traders and investors should watch the stock closely as further corrections are possible if macro challenges persist.

Why it Matters:

Tata Elxsi’s underwhelming Q4 performance signals trouble in its core automotive segment, hit by global uncertainties and project delays. With Morgan Stanley downgrading the stock and cutting its target price, investor sentiment may turn cautious. Given the company’s high valuation and weak near-term outlook, further downside in the stock is possible.

Around the World

Asian markets had a mixed start to the week in a low-volume session due to Easter holidays in Australia, New Zealand, and Hong Kong. Chinese stocks edged up after the People’s Bank of China kept its key loan rates unchanged, signaling a shift toward using fiscal measures to support growth. Meanwhile, Japan’s markets fell over 1% as higher-than-expected inflation raised uncertainty around future rate hikes by the Bank of Japan, pushing forecasts from May to July. The Nikkei dropped 1.2%. Trade tensions also kept investors cautious, with ongoing concerns about tariffs under U.S. President Trump, especially with China and Japan. While China is open to talks, it wants more respect from the U.S. South Korea’s KOSPI was flat, Thailand’s index slipped, and Singapore gained. India’s Nifty 50 futures showed a positive start, up 0.4%. Overall, markets remained cautious, influenced by inflation, central bank decisions, and global trade uncertainty.

Option Traders Corner

Max Pain

Nifty 50 – 23800

Bank Nifty – 53000

Nifty 50 – 23674 (Pivot)

Support – 23,476, 23,100, 22,902

Resistance – 24,049, 24,247, 24,623

Bank Nifty – 53927 (Pivot)

Support – 53,447, 52,605, 52,125

Resistance – 54,769, 55,249, 56,092