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Market Sees A Mixed Move, Benchmark Indices Fall While Broader Markets Rise
Midcap Index Rises More Than 1% & Nifty Bank Up Nearly 1%
35 Nifty Stocks Give Negative Returns This Week, ITC & UltraTech Top Losers
Trent, IndusInd, Adani Ports & SBI Are Top Nifty Gainers
Cummins, LIC, Strides Pharma, NBCC & BSE Are Top Midcap Gainers
Nifty Bank Outperforms, Top Gainers Are Canara Bank & PNB
Sensex Falls 182 Points To 81,451 & Nifty 83 Points To 24,751
Nifty Bank Gains 204 Points To 55,750 While Midcap Index Falls 37 Points To 57,420
Suzlon Energy Jumps 9% After Q4 Profit Beats Expectations
Muthoot Fin Surges Over 7% As DFS Urges RBI To Protect Small Gold Loan Borrowers
Metal Stocks Lower As US-China Tariff Stocks Are A Bit Stalled, Hindalco Down Over 2%
PSU Banks Recover, Up 3%, PNB Rebounds 5% From The Lows
BSE Is The Top Nifty Gainer, Rises Over 8%
Bajaj Auto Falls Over 3% On Cautious Outlook
Ola Electric Down 4% After Q4 Net Loss Widens
PNC Infratech Falls 4% As Q4 Profit Drops 81%
Mazagon Dock Falls 7% After 51% Drop In Q4 Net Profit
SJVN Drops 6% As Co Slips Into Loss In Q4
Alkem Lab Down 4% As Q4 EBITDA Margin Contracts To 12.45%
Shalby Declines 5% After Q4 Loss Widens Sequentially, Margins Narrow
Market Breadth Favour Declines, NSE Advance- Decline Ratio At 1:1
LTIMindtree MD & CEO Debashis Chatterjee has opted for an early retirement w.e.f. May 30, 2025
Board appoints Venugopal Lambu as the MD & CEO of co w.e.f May 31
Shahina Mukadam, Independent Market Expert
Piramal Pharma
The CDMO side of the business has done quite well if you take the full year, FY25 versus FY24 and even going forward, it is a segment which will do well for them. It accounts for about 65% of their revenues. Having said that, I still would suggest a switch and re-look at the stock a couple of quarters down the line. Exit now, because the US FDA had inspected their plant and they were issued some observations. Now I think this could to some extent impact their growth for the current couple of quarters. I would suggest exit now and then re-look at it couple of quarters down the line.
Hero Motocorp
It’s not one of my top picks in the two-wheeler side. And overall, I think the two-wheeler side is going to see a lot of competition. So even, in my view, if one wants to be in a two-wheeler, I would say Bajaj Auto looks better in my view, with even shorter-term and even medium to longer-term investment. Hero Motocorp on a valuation basis, is not too expensive; on a PE basis, current year, it’s about 16 times, even on price to book about four times EV by EBITDA also it’s not-so-it’s not really an expensive stock, just about 11 times EV by EBITDA. Having said that, I think the increased competition is likely to impact overall growth for at least the next couple of quarters, year or two years. I would say, if you want to be two-wheelers, Bajaj Auto looks better as of now.
Vaishali Parekh, Prabhudas Lilladher
ITC
ITC- it has hardly been showing any momentum as such. It is just consolidating for now between ₹410 to ₹440 levels. If one has to buy, I would say, yes, ₹410 acts as a very good support, so very close to that one can buy over here. Look for this stock to move past ₹440 that would bring in further strength. We are looking at a long-term target of around ₹500-520, so I guess it’s a good level to buy.
Piramal Pharma
It is showing signs of revival. We have seen this stock falling right from ₹310 and now to ₹207 levels. So there has been a long consolidation at these levels. I would say, keep a stop loss of ₹190 now that you have held on for so long. Average it out, and I think there is a bounce back possibility coming to at least ₹230-240. Once we see a clarity of the stock moving about ₹240 and sustaining, I think we are back on track for further upside. So for now, follow a range of ₹190 as stop loss and ₹230-240 as resistance.
The shares of Patanjali are under pressure. The FMCG company’s share price fell by over 4.5%. As per sources who spoke to CNBC-TV18, Patanjali is under scrutiny by the Corporate Affairs Ministry.
#JustIn | #PatanjaliAyurved is under scrutiny of Corporate Affairs Ministry, sources to @TimsyJaipuria
DG investigations sends notice to Patanjali Ayurved under Sec 210 of Companies Act. Investigations are underway, likely to be completed in 3 months
????Alert: Section 210 of… pic.twitter.com/N4CcaF25tu
— CNBC-TV18 (@CNBCTV18Live) May 30, 2025
NCL Industries Ltd, a diversified building materials company based in Secunderabad, reported a steep decline in its financial performance for the fourth quarter of FY2025.
The company posted a net profit of ₹7 crore, marking a 71% drop compared to ₹24 crore in the same period last year.
Net Profit Up 1.3% At ₹53 Cr Vs ₹52.3 Cr (YoY)
Revenue Up 13.5% At ₹771.4 Cr Vs ₹679.6 Cr (YoY)
EBITDA Up 27% At ₹90.4 Cr Vs ₹71.2 Cr (YoY)
Margin At 11.72% Vs 10.48% (YoY)
Net Profit Down 81% At ₹75.50 Cr Vs ₹395.90 Cr (YoY)
Revenue Down 34.50% At ₹1,704 Cr Vs ₹2,600 Cr (YoY)
EBITDA Down 51% At ₹362 Cr Vs ₹736 Cr (YoY)
Margin At 21.26% Vs 28.32% (YoY)
Kiri Industries reported its March quarter earnings on Friday, May 30, in which the company posted a net loss of ₹84.6 crore. This compares to a loss of ₹9.6 crore in the same period last year.
The company’s revenue fell 6.5% to ₹205 crore as against ₹219.3 crore in the corresponding quarter of last year.
Shares of Shalby Ltd. declined over 5% on Friday, May 30, after the company’s losses expanded sequentially in the fourth quarter, with lower margins in comparison to the previous year and quarter. Its margins were also at a multi-year low.
#CNBCTV18Market | PSU Banks recover, up over 2%, #PNB surges more than 3% pic.twitter.com/dIOTyi7A6Q
— CNBC-TV18 (@CNBCTV18Live) May 30, 2025
The shares of Alembic Pharma surged by over 1.2% on Friday. This came to pass after the company announced on Friday, May 30, that it had received approval for Bosutinib Tablets, a drug used in the treatment of blood cancer, from the United States Food and Drug Administration, or USFDA.
The shares of NBCC surged on Friday after the company reported its Q4 results. The company shares jumped by over 7%.
In the Q4 results, the state-owned NBCC Ltd on Thursday reported a 29.4% year-on-year (YoY) jump in net profit at ₹176 crore for the fourth quarter ended March 31, 2025, up from ₹136 crore in Q4FY24.
#JustIn | Relief for L&T in Mumbai Metro case, MMRDA decides to scrap the tender in which it had disqualified the co
Alert: MMRDA decides to scrap the tender after SC raised concerns pic.twitter.com/Q0mANGH99q
— CNBC-TV18 (@CNBCTV18Live) May 30, 2025
IndiGo has no plans to cancel its leasing arrangement with Turkish Airlines unless mandated by regulatory changes, CEO Pieter Elbers confirmed on Friday (May 30), amid questions about the airline’s expanding international footprint and use of foreign-operated aircraft.
IndiGo shares were trading at gains of 0.32%.
The shares of Apollo Hospitals are in focus ahead of results.
Shares of Prestige Estates Projects Ltd. snapped their five-day gaining streak on Friday, May 30, after the company reported a weak set of fourth quarter earnings after market hours on Thursday.
The shares of Zomato’s parent company, Eternal, rose for the second consecutive day. The company shares rose by over 3% on Friday. At 11:27, the company shares rose to ₹235.10, after a rise of ₹6.73 or 2.95%.
Market Watch: Jay Kale, Exec VP-Research, Elara Cap
Bajaj Auto
Our growth estimates are more of the full-year side, so we are expecting around 4 to 5% motorcycle growth for Bajaj Auto, largely in line with the industry for FY26. What will also drive growth for the domestic two-wheeler market for them is the EV Chetak. EV two-wheelers have been doing pretty well.
That growth will be much higher than this, but overall domestic motorcycle segment will be in the mid-single-digit kind of growth rate for them.
Market Watch
Shrikant Chouhan of Kotak Securities
Buy Cummins India for a target price of ₹3,500- with a stop loss of ₹3090
Buy Maruti Suzuki India for a target price of ₹12,750-12,800 with a stop loss of ₹12,200
Mitessh Thakkar, Technical Analyst
Buy Hindustan Zinc for a target price of ₹480 with a stop loss of ₹458
Buy Jindal Stainless for a target price of ₹695 with a stop loss of ₹657
Buy Crompton for a target price of ₹370 with a stop loss of ₹354
Sell Apollo Tyres for a target price of ₹463 with a stop loss of ₹487
The National Stock Exchange (NSE) has introduced futures and options contracts for nine new stocks from Friday, May 30, which is the start of the June F&O series. The new entrants include PSU stocks like Bharat Dynamics, Mazagon Dock and RVNL.
The shares of Bharat Dynamics surged by over 5% on Friday. Despite a mixed performance in Q4 results, brokerage firm Nuvama Institutional Equities maintained a ‘Buy’ rating on Bharat Dynamics stocks. The brokerage has also raised its price target by 36% to ₹2,250 from ₹1,650 earlier.
Shares of Mazagon Dock Shipbuilders Ltd. fell as much as 7% on Friday, May 30, in response to its fourth quarter results, which were reported after market hours on Thursday.
Mazagon Dock’s net profit halved from the same quarter last year, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) declined by over 80%.
#CNBCTV18Market | #MuthootFin extends gains, up nearly 4% after #FinMin tells #RBI to ensure interest of small #goldloan borrowers are not impacted by new draft guidelines pic.twitter.com/umCw73mCoC
— CNBC-TV18 (@CNBCTV18Live) May 30, 2025
Kiri Ind has sold Its Entire 37.6% Stake In DyStar Global For Up To $697 million
To Sell Its Entire 37.6% Stake In DyStar Global To Zhejiang Longsheng Group.
Shares of two- and three-wheeler manufacturer Bajaj Auto Ltd. opened with losses of 2% on Friday, May 30. The company’s stock is also one of the top losers on the Nifty 50 index. This is despite the company reporting an in-line revenue and EBITDA performance, led by a 3% volume growth in the March quarter.
#FinMin posts on #X | Draft directions on lending against gold collateral issued by #RBI examined by #DFS
DFS Suggestions: Requirements of small #goldloan borrowers should not be adversely affected
RBI is reviewing the feedback received on the draft guidelines pic.twitter.com/WVRWUDEvo2
— CNBC-TV18 (@CNBCTV18Live) May 30, 2025
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