Markets Soar, Earnings Roar, and Corporate Drama Galore

Today's Market at 08:30am
US Market (Futures)
      Nasdaq = +435.80
      Dow Jones = +592.80
      S&P 500 = +101.70
European (Futures)
      Ftse 100 = +46.50
      Cac 40 = +55.30
      Dax = +260.00
Asian
      Nikkei 225 = +678.60
      ASX 200 = +26.70
      Straits Times = -5.94
      Hang Seng = +99.69
      KOSPI = +45.78
      Taiwan weighted = +121.46
      Shanghai (SSE) = +25.65
Gift Nifty = 24844.00 (+95.50)

FII and DII Trading Activity May 28, 2025 in Cash market:
FIIs: Net Buy of ₹4,662.92 crore
DIIs: Net Buy of ₹7,911.99 crore

Results Today:
Alkem Laboratories, Amara Raja Energy & Mobility, Bajaj Auto, Mrs. Bectors Food Specialities, Campus Activewear, Century Plyboards (India), Concord Biotech, Confidence Petroleum India, Engineers India, Gujarat Pipavav Port, ICRA, IPCA Laboratories, ISGEC Heavy Engineering, JNK India, KNR Constructions, Landmark Cars, Lemon Tree Hotels, Lumax Auto Technologies, Mazagon Dock Shipbuilders, Samvardhana Motherson International, NBCC (India),  Ola Electric Mobility, Procter & Gamble Health, Prestige Estates Projects, Samhi Hotels, Shivalik Bimetal Controls, Senco Gold, Shalby, SJVN, Sobha, Suzlon Energy, Tarc, Technocraft Industries (India),  Varroc Engineering, Welspun Living, Wockhardt Yatra Online.

Earnings Impact [Positive]

Insecticides (India)
Strong revenue growth (up 31.7%), massive profit jump (up 84.7%), EBITDA up significantly; margin improved. Robust product performance. (Positive)
SAIL:
Revenue up 19.7%, EBITDA up 72%, profit surged 393%; very strong quarterly growth despite exceptional loss. (Positive)
Avanti Feeds:
Revenue up 7.9%, EBITDA up 36.5%, Net profit up 45.8%; margin improved. Strong bottom-line growth. (Positive)
IRCTC:
Revenue up 10.1%, Profit up 26%, exceptional gain; despite slight margin dip, overall growth is strong. (Positive)
Natco Pharma:
Revenue up 14.3%, profit up 5.3%, healthy EBITDA and high margin maintained (~45%). (Positive)
Mishra Dhatu Nigam:
Profit up 21.3%, revenue up slightly (1.2%); despite modest revenue, strong profit growth. (Positive)
Heidelbergcement India:
Revenue up 2.7%, profit up 4.8%, stable EBITDA and margins; slight but consistent improvement. (Positive)

Earnings Impact [Neutral]

Cummins India:
Revenue growth, but EBITDA and profit declined; misses estimates. Export growth is a positive, but domestic weakness weighs. (Neutral)
Nuvama Wealth Management:
QoQ revenue and profit slightly up, but EBITDA slightly down due to rising costs. Strong growth in underlying businesses. (Neutral)
Birlasoft:
Revenue declined, but profit and margins improved slightly. Mixed performance. (Neutral)
Welspun Corp:
Revenue declined 12%, but EBITDA and net profit surged (exceptional gain driven). Operational improvement but not purely organic. (Neutral)
FDC:
Revenue up slightly, profit and margin declined; overall flat performance. (Neutral)

Earnings Impact [Negative]

Bata India:
Revenue, EBITDA, and profit all declined; margins also contracted. Weak overall performance. (Negative)
Balaji Amines:
Profit down 44.2%, revenue down 14.8%. Weak results despite dividend declaration. (Negative)
Deepak Nitrite:
Revenue and EBITDA up marginally, but net profit down 20% (partly due to prior base effect). Exceptional gain noted. Mixed overall. (Negative)
Cohance Lifesciences:
Revenue up 30.5%, but profit and EBITDA down; margin erosion despite top-line growth. (Negative)
Jindal Worldwide:
Revenue up marginally, but profit and EBITDA down significantly; a mixed and subdued performance. (Negative)

Key Corporate Developments and Updates:

RITES:
The company has entered into a Memorandum of Understanding (MoU) with Shree Cement for the development of rail infrastructure and allied services. (Positive)
Aurobindo Pharma:
Curateq Biologics, a wholly owned subsidiary of the company, has incorporated a new wholly owned subsidiary in the Netherlands, named CuraTeQ Biologics B.V., to expand its biopharma products business in Europe. (Positive)
IndusInd Bank:
SEBI has barred former IndusInd Bank MD & CEO Sumant Kathpalia, former Deputy CEO Arun Khurana, and three other former senior officials of the bank—Sushant Sourav (Head, Treasury Operations), Rohan Jethanna (Head, GMG Operations), and Anil Marco Rao (Chief Administrative Officer, Consumer Banking Operations)—for alleged insider trading. All of them have been restrained from buying, selling, or dealing in securities. (Negative)

Bulk Deals

ITC:
Tobacco Manufacturers India, a subsidiary of British American Tobacco (BAT), sold two tranches of 15.65 crore equity shares each of ITC at average prices of Rs 413.12 and Rs 413.78 per share, respectively. The total transaction amounted to Rs 12,940.98 crore and represented a 2.5% equity stake. As of March 2025, BAT—through its subsidiaries Tobacco Manufacturers (India), Myddleton Investment Company, and Rothmans International Enterprises—held a 25.44% stake in ITC.
ADF Foods:
Abakkus Emerging Opportunities Fund 1, owned by ace investor Sunil Singhania, exited ADF Foods by selling its entire 16,86,435 shares at an average price of Rs 225 per share. Infinity Capital acquired 16,85,653 shares—equivalent to a 1.53% stake—at the same price.

SME Listing on May 29
Unified Data Tech Solutions
Stocks Trade Ex-Dividend
Tata Consumer Products, Shyamkamal Investments
Stock Trades Ex-Date for Rights
Aplab
Stock Trades Ex-Date for Income Distribution (InvIT)
POWERGRID Infrastructure Investment Trust
Stocks in F&O ban
NIL

Source: NDTV Profit, Moneycontrol, NSE India, Investing.com