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Markets in a Holding Pattern: Mixed Global Cues, Earnings Fireworks, and Strategic Corporate Moves Shape the Day


Updated: May 06, 2025 08:17

Image Source: Wownews24x7

Today's Market at 08:00am
US Market (Futures) 
      Nasdaq = -116.20
      Dow Jones = -45.10
      S&P 500 = -16.60
 European (Futures) 
      Ftse 100 = -16.20
      Cac 40 = -52.50
      Dax = -16.10
 Asian 
      Nikkei 225 = -22.50 (Futures) (Trading Holiday)
      ASX 200 = -13.60
      Straits Times = +0.16
      Hang Seng = +96.32
      Taiwan weighted = +25.79
      Shanghai (SSE) = +27.87
Gift Nifty = 24565.00 (+3.50)

 FII and DII Trading Activity May 5, 2025 in Cash market: 
FIIs: Net Buy of ₹497.79 crore
DIIs: Net Buy of ₹2,788.66 crore

 Results Today: 
Bank of Baroda, Hindustan Petroleum Corporation, One 97 Communications Paytm, Alembic Pharmaceuticals, Godrej Consumer Products, Mahanagar Gas, Piramal Enterprises, Polycab India, Aadhar Housing Finance, Aarti Drugs, Aptus Value Housing Finance India, Avalon Technologies, CG Power and Industrial Solutions, eMudhra, JBM Auto, Kajaria Ceramics, Kansai Nerolac Paints, KEI Industries, Radico Khaitan, and Sundaram-Clayton will release their quarterly earnings on May 6.

Post Market Corporate Earnings

 Indian Hotels Company Q4 (Consolidated YoY): 
- Profit jumps 25% to Rs 522.3 crore Vs Rs 417.8 crore
- Revenue grows 27.3% to Rs 2,425.1 crore Vs Rs 1,905.3 crore
- EBITDA soars 30% to Rs 856.8 crore Vs Rs 659.8 crore
- Margin expands to 35.3% Vs 34.6%
- Board recommends dividend of Rs 2.25 per share
 CCL Products India Q4 (Consolidated YoY): 
- Profit zooms 56.2% to Rs 101.9 crore Vs Rs 65.2 crore
- Revenue grows 15% to Rs 835.8 crore Vs Rs 726.7 crore
- Board recommends final dividend of Rs 5 per share
 DCM Shriram Q4 (Consolidated YoY): 
- Profit surges 51.9% to Rs 178.9 crore Vs Rs 117.8 crore
- Revenue jumps 19.9% to Rs 2,876.8 crore Vs Rs 2,399.3 crore
- Board recommends final dividend of Rs 3.40 per share
 Computer Age Management Services (CAMS) Q4 (Consolidated YoY): 
- Profit grows 10.2% to Rs 114 crore Vs Rs 103.5 crore
- Revenue increases 14.7% to Rs 356.2 crore Vs Rs 310.5 crore
- Board recommends dividend of Rs 19 per share
 Bombay Dyeing & Manufacturing Company Q4 (Consolidated YoY): 
- Profit tanks 82.6% to Rs 11.5 crore Vs Rs 66.5 crore
- Revenue declines 5.7% to Rs 359 crore Vs Rs 380.7 crore
 Zee Media Corporation Q4 (Consolidated YoY): 
- Loss widens to Rs 36.8 crore Vs Rs 6.5 crore
- Revenue drops 13% to Rs 156 crore Vs Rs 179 crore
 Jammu & Kashmir Bank Q4 (Standalone YoY): 
- Profit falls 8.5% to Rs 584.5 crore Vs Rs 638.7 crore
- Net interest income grows 13.3% to Rs 1,480 crore Vs Rs 1,306.1 crore
- Gross NPA drops sharply to 3.37% Vs 4.08% (QoQ)
- Net NPA declines to 0.79% Vs 0.94% (QoQ)
- Board recommends dividend of Rs 2.15 per share
 Prataap Snacks Q4 (YoY): 
- Loss stands at Rs 11.9 crore Vs profit of Rs 12.4 crore
- Revenue increases 3.2% to Rs 400.6 crore Vs Rs 388.1 crore
 Hind Rectifiers Q4 (Consolidated YoY): 
- Profit zooms 95.3% to Rs 9.99 crore Vs Rs 5.1 crore
- Revenue grows 22.3% to Rs 185 crore Vs Rs 151.4 crore
- Board recommends dividend of Rs 2 per share
 Cigniti Technologies Q4 (Consolidated QoQ) 
- Profit increases 15.1% to Rs 73.2 crore Vs Rs 63.6 crore
- Revenue rises 2.7% to Rs 530.3 crore Vs Rs 516.4 crore
 Coforge Q4 (Consolidated QoQ): 
- Profit jumps 21.2% to Rs 261.2 crore Vs Rs 215.5 crore
- Revenue grows 4.7% to Rs 3,409.9 crore Vs Rs 3,258.1 crore
- Board declares fourth interim dividend of Rs 19 per share

 Key Corporate Developments and Updates 

 Senores Pharmaceuticals: 
- Through its US subsidiary, the company has acquired the USFDA-approved ANDA for Topiramate HCl (25, 50, 100, 200 mg) tablets from Wockhardt, used for treating epilepsy and migraine.
 Glenmark Pharmaceuticals: 
- Ichnos Glenmark Innovation received USFDA Fast Track designation for ISB 2001, a trispecific antibody targeting BCMA, CD38, and CD3 for treating relapsed/refractory multiple myeloma. 
- It is in Phase 1 dose-expansion.
 Indian Energy Exchange: 
- Achieved 10,584 MU electricity trade in April, up 26% YoY. DAM volume was 4,231 MU (+3% YoY), RTM was 3,893 MU (+48% YoY), with average DAM price at Rs 5.20/unit.
 Paras Defence and Space Technologies: 
- Signed an MoU with Israel’s Heven Drones to form a joint venture in India for logistics and cargo drone development for defence and civil use.
 IRCON International: 
- Received a Rs 187.08 crore order from Kerala State IT Infrastructure to build a Dedicated Rural Industrial Park in Thiruvananthapuram.
 RateGain Travel Technologies: 
- Appointed Deepak Kapoor as CTO and Rohan Mittal as CFO.
 Cyient: 
- US subsidiary Cyient Inc. received a $26,779.74 penalty order from the US IRS under the Employer Shared Responsibility Payment provision.
 Reliance Industries & ONGC: 
- Along with Shell (BGEPIL), successfully completed India’s first offshore facilities decommissioning at mid and south Tapti fields.
 Fortis Healthcare: 
- Subsidiary Fortis Hospitals received an income tax rectification order reducing the original Rs 89.53 crore demand for AY 2022–23 to Rs Nil.
 Veranda Learning Solutions: 
- Appointed Saurani Pathan Mohasin Khan as CFO, replacing Saradha Govindarajan, who resigned for personal reasons.
 Ola Electric Mobility: 
- Clarified it holds a perpetual, royalty-free, global licence for certain IP, including its logo, for use in its electric vehicle business.
 Ceigall India: 
- Signed a Rs 1,064 crore agreement with NHAI to develop a six-lane bypass road.

 Bulk Deals 
 Kesoram Industries: 
- HDFC Life Insurance Company sold 20,35,305 equity shares of Kesoram at an average price of Rs 4 per share, and an additional 18.5 lakh shares at an average price of Rs 4.01 per share.

 Mainboard Listing on May 6 
Ather Energy
 SME Listing on May 6 
Iware Supplychain Services
 Stock Trades Ex-Date for Income Distribution RITES,
Mindspace Business Parks REIT
 Stocks in F&O ban 
Manappuram Finance, RBL Bank

Source: Moneycontrol, NDTVPROFIT, NSE India, Investing.com

 

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