Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
At 09:26 IST, the barometer index, the S&P BSE Sensex, added 76.59 points or 0.09% to 82,136.01. The Nifty 50 index advanced 25 points or 0.09% to 24,964.70.
The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.20% and the S&P BSE Small-Cap index shed 0.19%.
The market breadth was positive. On the BSE, 1,423 shares rose and 1,421 shares fell. A total of 129 shares were unchanged.
Foreign portfolio investors (FPIs) sold shares worth 525.95 crore, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 237.93 crore in the Indian equity market on 19 May 2025, provisional data showed.
Stocks in Spotlight:
Power Grid Corporation of India shed 0.89%. The company’s consolidated net profit fell 0.56% to Rs 4142.87 crore in Q4 FY25 compared with Rs 4166.33 crore in Q4 FY24. Revenue from operations increased 2.48% YoY to Rs 12,275.35 crore in Q4 FY25.
Bharat Electronics (BEL) fell 0.59%. The company reported an 18.36% jump in consolidated net profit to Rs 2127.04 crore on 6.84% increase in revenue from operations to Rs 9149.59 crore in Q4 FY25 over Q4 FY24.
ACME Solar Holdings declined 3.21% after the company’s consolidated net profit declined 76.83% to Rs 123.36 crore despite of a 64.96% jump in revenue from operations to Rs 486.88 crore in Q4 FY25 over Q4 FY24.
Numbers to Track:
The yield on India's 10-year benchmark federal paper was flat at 6.222.
In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 85.4300, compared with its close of 85.4200 during the previous trading session.
MCX Gold futures for 5 June 2025 settlement fell 0.39% to Rs 92,929.
The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.02% to 100.35.
The United States 10-year bond yield shed 0.38% to 4.458.
In the commodities market, Brent crude for July 2025 settlement added 1 cent or 0.02% to $65.55 a barrel.
Global Markets:
Asian shares advanced on Tuesday as investors awaited the Reserve Bank of Australia's monetary policy decision and digested fresh economic measures from China.
The People’s Bank of China reduced its key lending rates by 10 basis points in an effort to support economic growth amid ongoing trade tensions. The 1-year loan prime rate was lowered from 3.1% to 3.0%, while the 5-year LPR, commonly used for mortgage pricing, was cut from 3.6% to 3.5%.
In equity markets, shares of Contemporary Amperex Technology, the world’s largest battery manufacturer, rose over 11% during their trading debut in Hong Kong.
Meanwhile, U.S. markets closed higher overnight. The S&P 500 gained 0.09%, extending its winning streak to six sessions as Treasury yields eased and investors looked past Moody’s recent downgrade of the U.S. credit outlook.
The Dow Jones Industrial Average rose 0.32%, supported by an 8% rebound in UnitedHealth following recent losses. The Nasdaq Composite edged up 0.02%.
Hindustan Copper, Manappuram Finance, and Titagarh Rail Systems are banned from F&O trading on 20 May 2025.
Upcoming Results:
Hindalco Industries, Zydus Lifesciences, Aster DM Healthcare, Automotive Axles, Dixon Technologies (India), EIH, Fortis Healthcare, Gland Pharma, JK Tyre & Industries, Laxmi Organic Industries, Max Healthcare Institute, NHPC, Solar Industries India, Talbros Engineering, Torrent Pharmaceuticals, United Spirits, Whirlpool of India, and J Kumar Infraprojects will release their quarterly earnings later today.
Stocks to Watch:
Power Grid Corporation of India’s consolidated net profit fell 0.56% to Rs 4142.87 crore in Q4 FY25 compared with Rs 4166.33 crore in Q4 FY24. Revenue from operations increased 2.48% YoY to Rs 12,275.35 crore in Q4 FY25.
Bharat Electronics (BEL) reported an 18.36% jump in consolidated net profit to Rs 2127.04 crore on 6.84% increase in revenue from operations to Rs 9149.59 crore in Q4 FY25 over Q4 FY24.
ACME Solar Holdings’ consolidated net profit declined 76.83% to Rs 123.36 crore despite of a 64.96% jump in revenue from operations to Rs 486.88 crore in Q4 FY25 over Q4 FY24.
Eris Lifesciences reported a 30.29% jump in consolidated net profit to Rs 92.01 crore on 28.38% increase in revenue from operations to Rs 702.60 crore in Q4 FY25 over Q4 FY24.
Ashok Leyland’s board is scheduled to meet on 23 May to consider the proposal for the issue of bonus shares.
Adani Ports & Special Economic Zone (APSEZ) will meet on 23 May to consider issuing non-convertible debentures (NCDs) via a private placement basis.
For the full year,net profit declined 0.33% to Rs 15521.44 crore in the year ended March 2025 as against Rs 15573.16 crore during the previous year ended March 2024. Sales declined 0.11% to Rs 45792.32 crore in the year ended March 2025 as against Rs 45843.10 crore during the previous year ended March 2024.
Profit before tax stood at Rs 5,011.30 crore in Q4 FY25, down 5.46% from Rs 5,300.89 crore posted in same quarter last year.
Total expenses rose 6.84% YoY to Rs 7,549.92 crore in the quarter ended 31 March 2025. Employee expenses stood at Rs 769.36 crore (up 19.45% YoY), finance cost was at Rs 2,302.66 crore (up 19.42%YoY) during the period under review.
On segmental front, revenue from transmission business stood at Rs 11,710.65 crore (down 0.47% YoY), revenue from consultancy business stood at Rs 517.74 crore (up 120.39% YoY) and revenue from telecom business stood at Rs 302.85 crore (up 21.29% YoY) during the quarter.
On a full-year basis, the company’s consolidated net profit declined marginally to Rs 15,521.44 crore in FY25, compared to Rs 15,573.16 crore in FY24. Revenue from operations also saw a slight decrease, falling to Rs 45,792.32 crore in FY25 from Rs 45,843.10 crore in the previous fiscal year.
Meanwhile, the company’s board has recommended a final dividend of Rs 1.25 per equity share for the financial year 2024-25, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The dividend will be paid within 30 days of its declaration at the AGM.
The Power Grid Corporation of India has been established by the Government of India (GoI) as the central transmission utility of India. The firm is a Maharatna' company under the Ministry of Power, GoI. As of 31 December 2024, the Government of India owned a 51.34% stake in the company.
The counter declined 1.92% to Rs 298.25 on the BSE.
Power Grid Corporation of India Ltd is up for a third straight session today. The stock is quoting at Rs 303.85, up 1.22% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.06% on the day, quoting at 25005.2. The Sensex is at 82286.23, down 0.05%. Power Grid Corporation of India Ltd has slipped around 5.05% in last one month.
Meanwhile, Nifty Energy index of which Power Grid Corporation of India Ltd is a constituent, has slipped around 3.39% in last one month and is currently quoting at 35664.8, up 0.42% on the day. The volume in the stock stood at 71.4 lakh shares today, compared to the daily average of 122.86 lakh shares in last one month.
The benchmark May futures contract for the stock is quoting at Rs 304.8, up 1.21% on the day. Power Grid Corporation of India Ltd is down 6.69% in last one year as compared to a 10.99% jump in NIFTY and a 12.58% jump in the Nifty Energy index.
The PE of the stock is 18.45 based on TTM earnings ending December 24.