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Stock Market today | Share Market Highlights – Find here all the highlights related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 4 June 2025.
India may boost US imports of shale gas, LNG & crude oil to diversify its trade basket, as talks resume amid global uncertainties
Rupee weakens on geopolitical tensions and oil prices, awaiting RBI rate cut decision, impacting forex trading and equity markets.
360 ONE Asset has invested ₹170.6 crore in Paras Healthcare through a mix of primary and secondary transactions. The funding supports Paras’ expansion across North India and aligns with 360 ONE’s pre-IPO investment strategy
Flipkart Investments, an arm of e-commerce firm Flipkart, on Wednesday exited Aditya Birla Fashion and Retail by selling its entire 6% stake in the company through block deals worth ₹583 crore.
UBS urges investors to reassess exposure to the US dollar as slowing US growth and global shifts raise risks. The bank recommends diversifying into euros, gold, and other currencies to protect investment value
L&T Technology Services and Tennant Company have signed a strategic deal to set up an Offshore Development Centre focused on smart, sustainable industrial cleaning solutions. The collaboration leverages LTTS’ digital engineering expertise to accelerate innovation.
Reliance Infrastructure informed that NCLAT, Delhi, has suspended the Order dated May 30, 2025 passed by NCLT, Mumbai, admitting the Company into Corporate Insolvency Resolution Process.
Swan Energy (+8.78%), Inventurus Knowledge Solutions (+6.05%), GRSE (+6.05%), AsterDM (+5.72%), RITES (+5.57%)
Sun Pharma's clinical trial failure impacts SPARC stock, highlighting the challenges in derma-oncology research.
“The RBI is expected to cut the repo rate by 25 basis points to 5.75% to support economic growth while keeping inflation in check. It may maintain its accommodative stance, and a potential downward revision in inflation forecasts could raise expectations of further rate cuts. With inflation remaining below the 4% target, the central bank is likely to prioritize growth, making a rate cut a strong possibility.
Anticipation of a rate cut is likely to benefit the bond market, as falling interest rates typically lead to a rise in bond prices. Yields, especially on government securities, may decline further, enhancing returns for existing bondholders and boosting demand for fixed-income assets.”
Stocks advanced on BSE at 3 pm on June 4, 2025, were 2,128 against 1,840 stocks that declined, and 151 remained unchanged. Total stocks traded were 4,119. The number of stocks that recorded a 52-week high was 105, and those that hit a 52-week low was 47. A total of 264 stocks traded in the upper circuit, and 226 in the lower circuit.
GRSE has clarified that the company has entered into a non-binding MoU with Kongsberg to receive design expertise for indigenous construction of a Polar Research Vessel (PRV). This MoU represents a general understanding and has been signed in the ordinary course of business. “The said MoU does not involve any financial commitment or obligation and does not have any financial impact on the Company”
Shares zoom 5.71% on the NSE to ₹3,330.30.
“The upcoming RBI MPC meeting is coming at the backdrop of strong GDP growth print of 7.4% which was significantly higher than market expectation of 6.8%. While it is difficult to make forward looking projections on global growth where significant uncertainties still exist, the latest domestic growth data suggest limited downside risks to growth.
Therefore, we expect a 25 bp cut in policy rate at the June MPC meeting. This coupled with the ongoing accommodative stance will position MPC to react to any data surprises on either side. By adequate modulation in the systemic liquidity, RBI has ensured overnight rates hovering at lower end of LAF corridor in the recent past, thus effectively easing by 75 bp as against 50bp rate reduction till now in this rate reduction cycle.
The lowering interest rate differential between US and India and its impact on overseas investments (FPI flows) in India and the mid to long term trajectory of the inflation factoring in adverse base effect (lower base increasing the YOY number) will weigh in MPC decisions as the policy rate goes further lower.
Therefore, we expect one more 25bp cut in next MPC meeting to be held in August most likely ending the rate easing cycle with Repo rate getting floored at 5.50% followed by a prolonged pause.”
Sobha (-2.20%), Brigade (-1.88%), Anant Raj (-1.51%), Oberoi Realty (-1.33%)
“A 25 basis point cut in the repo rate to 5.75% appears likely in the upcoming RBI MPC policy, given the sustained moderation in inflation and a broader need to support growth amid global uncertainties. With headline CPI inflation easing well below the 4% target and growth showing signs of softness, the case for continued monetary support is strong.
Global economic growth is projected to slow by 50 basis points in 2025, with trade volume growth expected to decline to 1.7% due to persistent geopolitical tensions.
Domestically, liquidity remains in surplus and interest rates on liabilities are adjusting swiftly amid the ongoing rate cut cycle. Banks have already reduced savings rates to as low as 2.70%, while fixed deposit rates have been lowered by 30–70 bps since February 2025. With strong transmission expected ahead, diminishing concerns around liquidity and financial stability, and inflation likely to remain within target, conditions appear favorable for a policy rate cut.
Lower interest rates typically improve liquidity and sentiment, benefiting rate-sensitive sectors such as banking, real estate, and automobiles. Banks, in particular, may see stronger credit demand, while real estate could witness better affordability and improved buyer interest. The auto sector may also benefit from lower EMIs, potentially boosting sales across segments.
Overall, a 25 bps cut would reinforce confidence in the central bank’s support for growth, and sectors tied to domestic consumption and credit cycles are likely to be the early beneficiaries.”
Marcellus Investment Managers, in collaboration with Dun & Bradstreet, today released its India Wealth Survey 2025, an in-depth study capturing the evolving financial behaviours, asset preferences, and retirement planning patterns among high-net-worth individuals (HNIs) across India. The survey spans over 465 households across 28 cities, cutting across age groups, occupations, income brackets, and city types, offering a comprehensive view of India is growing affluent class.
“As nifty maintained sustained gains in May , the noticeable thing to watch out will be India Inc’s promoter cashing out. A sustained selling by the promoters which is considered a red flag for market participants , it is notable to see promoters and other large shareholders have offloaded shares worth a staggering Rs 43,400 crore in May alone.
The small cap funds delivered an average return of 8.20% in May, with FII and DII pumping in INR 80k Crs into the market. The 4QFY25 earnings season broadly tracked our expectations, with PAT growth for the Nifty and BSE500 at 0.5% and 8.7%, reinforcing our constructive stance. The Nifty has rallied ~10% since Trump’s pause on 9-Apr.We view current Nifty levels as fundamentally supported, with further upside likely as the earnings cycle shows signs of inflection.
Waaree Renewable Technologies stock surged 3.14% on the BSE to ₹1,063.75. Company had secured a solar project worth ₹345 crore in Rajasthan from a prominent domestic renewable energy generation company.
Waaree Renewable Technologies Ltd, has secured a ₹345 crore order for the turnkey execution of a 300 MW AC / 435 MW DC ground-mounted solar photovoltaic project in Bikaner, Rajasthan.
Western Carriers (India) has received a work order from Jindal Stainless Ltd (JSL) for hiring & trip basis of trailers for container movement inside the JSL plant in Jajpur
Western Carriers stock traded flat on the NSE at ₹112, and JSL shares traded at ₹658.80.
Caplin Point Far East Ltd, Hong Kong, a wholly-owned subsidiary of Caplin Point Laboratories, executed a Share Purchase Agreement on June 3, 2025 to acquire the entire stake in Triwin Pharma S.A DE C.V
Caplin Point Laboratories stock traded flat on the NSE at ₹2,164.60.
Equity benchmark indices trade in the consolidation phase amid mixed global cues and foreign fund outflows. Market experts believe that the investor sentiment is cautious but optimistic with global developments and upcoming RBI policy decisions influencing market movement.
After a muted opening, Sensex rose marginally by 220.17 pts to 80,957.68 as at 12.52 pm, and Nifty 50 inched up 52.85 ptsto 24,595.35
According to CareEdge Ratings, India’s warehousing sector is estimated to reach $35 billion by 2027, witnessing a CAGR of ~15% from 2022. CareEdge Ratings anticipates that India’s total grade A warehousing stock will exceed 420 million square feet (msf) by 2028, with vacancy rates expected to stay below 10% supported by rising demand for Grade A warehouse spaces.
· While the dollar increased, gold prices saw some profit-booking despite a prediction of declining US GDP due to the nation’s international tariff disputes. The drop comes as the OECD cut its forecast for US economic growth this year to 1.6% from its prior 2.2% estimate as President Trump’s erratic tariff policies slow imports. The group also cut its forecast for global growth in 2025 to 2.9% from 3.1%.
· The market outlook remains significantly impacted by geopolitical concerns. There are concerns about another trade war as a result of US President Donald Trump’s increased claims against China. Uncertainty increased when he decided to quadruple steel tariffs.
· Peace negotiations between Russia and Ukraine are still pending, and continuous drone attacks point to a potential escalation. These changes may encourage gold safe-haven flows.
Technical Triggers
· Gold prices have broken the range of $3275(~Rs 95000) and $3375(~Rs 96400) on the upside. If this positive momentum continues, we are likely to see the price rise towards $3450 (~Rs 99000).
· Silver prices have broken the one-month range of $32.5(~Rs 96000) and $34(~Rs 99000), next resistance is $35 (~Rs 101,500).
Of 3,971 stocks traded on the BSE at 12 noon on June 4, 2025, 2,017 advanced against 1,779 stocks that declined, and 175 remained unchanged. While 88 stocks recorded a 52-week high, 34 hit a 52-week low. A total of 221 stocks traded in the upper circuit, and 193 in the lower circuit.
In line with the Reserve Bank of India’s accommodative stance, the possibility of a rate cut remains on the table in the upcoming RBI policy meeting. It is anticipated that the suggested actions will increase the economy’s money supply, boost consumer demand, increase liquidity, and encourage borrowing. By lowering the cost of borrowing, such a move is likely to boost credit demand and improve investments in various industries.
Additionally, the anticipated rate cut, when viewed together with other macroeconomic indicators such as robust GDP growth, improving industrial output, and controlled inflation may create a favourable environment for medium-term outlook. Further, will set a stronger groundwork for sectoral recovery in the upcoming quarters. Sectors such as real estate, which are highly sensitive to interest rate movements, are poised to benefit meaningfully along with a positive stimulate to allied industries. Investors are optimistic about decreased borrowing costs, which would stimulate demand for automotive and many other discretionary products, subsequently enhancing lending activities, benefitting both banks and non-banking financial institutions.
Zydus Lifesciences shares inched up 0.90% on the BSE to ₹934.80. The company is acquiring two US-based biologics manufacturing facilities from Agenus for $75 million upfront, and has also secured exclusive licensing rights for Agenus’s next-generation immuno-oncology platforms, Botensilimab and Balstilimab.
Citi today announced the appointment of Dr Tooba Modassir as Chief Human Resources Officer for India and the Indian Subcontinent, as well as the Banking HR Advisor (HRA) for the sub-cluster.
Tooba succeeds Aditya Mittal, who has retired from Citi after a career of over 30 years.
The company secured $750 million of financing through ECBs from international banks. The proceeds will be utilised towards refinancing the existing $400 million debt, and the remaining towards growth capex of six of its airports and AAHL’s non-aero business. Financing was led by First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank
Epigral Limited has executed Share Subscription and Shareholder’s Agreement with ‘Prozeal Green Power Private Limited’ and ‘Pro-Zeal Green Power Ten Private Limited’ (Power Producer), and Energy Supply Agreement with ‘Pro-Zeal Green Power Ten Private Limited’ to source a contracted capacity of 19.80 MW ‘Wind Solar Hybrid (WSH) Power’ (“Project”) as a Captive Consumer from WSH power plant located in the State of Gujarat.
Stock traded flat on the NSE at ₹1,797.40
Servotech Renewable Power System shares rallied 11.18% to ₹163.72 (hitting a high of ₹168.50 in early trade) on securing a 7.8 MW Grid-Connected Solar Rooftop Project from Northeast Frontier Railway
Adani Airports Holdings Ltd (AAHL), India’s largest private airport operator and a subsidiary of Adani Enterprises Ltd, has raised $750 million via External Commercial Borrowings (ECB) from a consortium of international banks. The transaction was led by First Abu Dhabi Bank, Barclays PLC, and Standard Chartered Bank.
Adani Enterprises traded flat on the NSE at ₹2,475.
The rupee depreciated 25 paise to 85.86 against the US dollar in early trade on Wednesday amid outflows of foreign funds.
Rupee weakens against US dollar due to foreign fund outflows, softer oil prices, and positive equity market.
Sun Pharmaceuticals stock traded flat on the NSE at ₹1,659.90. It had announced top-line results from the Phase-2 clinical trial evaluating the safety and efficacy of SCD-044 (a novel, orally bioavailable sphingosine-1-phosphate (S1P) receptor 1 agonist) for moderate to severe psoriasis.
Bombay Dyeing & Mfg Company informed that the High Court of Judicature at Bombay heard the company’s amended Writ Petition challenging the notice involving the company under Section 79(1)(c) of the Central Goods and Services Tax Act, 2017. The court has granted a stay on the impugned order dated 28th February, 2025 until the next date of hearing, which is scheduled for June 16, 2025 and has directed the company to deposit 10% of the demand
Stock slipped 0.95% on the NSE to ₹151,72
Nifty Bank index is stuck between 55,350 and 56,160 over the last few days. Within this range, it is currently trading at 55,518, down 0.15 per cent. The advances/declines ratio is at 3:9. This can keep the bias negative.
Nifty Bank index is stuck between 55,350 and 56,160 over the last few days. Within this range, it is currently trading at 55,518, down 0.15 per cent.
Nifty 50 continues its struggle to rise. The 24,850-24,900 resistance region continues to hold very well. On Tuesday, the index touched a high of 24,845 and then fell sharply giving back all the gains. It is now currently trading marginally down by 0.04 per cent at 24,535. The advances/declines ratio is at 25:25. This leaves the outlook mixed and keeps equal chances for the index to move either side from here.
Nifty 50 struggles at resistance, outlook mixed with equal chances for index to move either way, key levels highlighted.
Crude oil futures fell on Wednesday morning as the OECD (Organisation for Economic Cooperation and Development) lowered its global economic growth outlook for the year.
Crude oil futures fall as OECD lowers global economic growth outlook
Crude oil futures fell on Wednesday morning as the OECD (Organisation for Economic Cooperation and Development) lowered its global economic growth outlook for the year.
Crude oil futures fell on Wednesday morning as the OECD (Organisation for Economic Cooperation and Development) lowered its global economic growth outlook for the year.
Benchmark stock indices Sensex and Nifty rebounded in early trade on Wednesday after three days of decline tracking a rally in global markets.
The 30-share BSE Sensex climbed 230.17 points to 80,967.68 in early trade. The NSE Nifty went up by 70.25 points to 24,612.75.
Sensex and Nifty rebound in early trade, with major gainers and laggards, supported by global market rally.
Optare Plc. UK, (Buyer – Subsidiary of Ashok Leyland Ltd.,) has entered into a Share Purchase Agreement with Dana Ltd. (Seller), for purchase of their 1.01% stake in Switch Mobility Ltd, UK (SML UK). Post this acquisition, Optare Plc’s shareholding in SML UK would increase from 98.56% to 99.57% and consequently, Optare Plc. UK along with Hinduja Automotive Ltd, UK, will hold 100% in SML UK.
Ashok Leyland shares traded flat on the NSE at ₹235.76
Track share price movements of YES Bank live here
Top gainers: Tata Motors (+1.80%), Shriram Finance (+1.50%), Eternal (+1.31%), Bharti Airtel (+1.24%), BEL (+1.02%)
Top losers: UltraTech (-0.80%), JSW Steel (-0.70%), Coal India (-0.69%), Titan (-0.59%), ICICI Bank (-0.54%)
Crude oil futures fell on Wednesday morning as the OECD (Organisation for Economic Cooperation and Development) lowered its global economic growth outlook for the year. At 9.27 am on Wednesday, August Brent oil futures were at $65.41, down by 0.34 per cent, and July crude oil futures on WTI (West Texas Intermediate) were at $63.16, down by 0.39 per cent. June crude oil futures were trading at ₹5432 on Multi Commodity Exchange (MCX) during the initial hour of trading on Wednesday against the previous close of ₹5455, down by 0.42 per cent, and July futures were trading at ₹5377 against the previous close of ₹5395, down by 0.33 per cent.
Indian Energy Exchange, India’s premier electricity exchange, achieved monthly electricity traded volume of 10,946 MU in May’25, marking a 14%increase on a year-on-year basis. A total of 17.43 lakh Renewable Energy Certificates were traded during the month, marking a 65% year-on-year increase
IEX dipped 0.62% on the NSE to ₹199.93.
Ashok Leyland: Company received an order worth Rs 184 crore to supply 543 BSVI diesel chassis and fully built buses (Positive)
Praj Industries Ltd: Company, IATA, and ISMA Join Forces to Advance SAF Carbon Assessment and Certification in India (Positive)
IDFC First: CCI approves the proposed acquisition of up to 9.99% of the paid up share capital of IDFC First Bank by Currant Sea Investments BV. (Positive)
Texmaco Rail: Company bags Rs 122-crore contract for traction substation in Mumbai Suburban Railway. (Positive)
Techno Electric: Company selected by RailTel as managed service partner for 10MW Data Centre project in Noida (Positive)
Zydus Life: Company arm, Zynext Ventures acquires stake in Agenus, expands its Immuno-oncology pipeline & global reach (Positive)
NLC India: Company Sets Up Renewable Energy JV with Rajasthan Rajya Vidyut Utpadan Nigam. (Positive)
Solarium Green: Company Partners with WattPower Systems to Expand Solar Inverter Reach (Positive)
Garden Reach Shipbuilders: Company to Build First-Ever Polar Research Vessel (PRV) As Co Signs MoU with Norway’s Kongsberg. (Positive)
Samrat Pharmachem: Company’s bank facilities have been upgraded by CRISIL. The long-term rating is now ‘Crisil BBB-/Stable’ 9upgraded from ‘Crisil BB+/Stable). (Positive)
R Systems: Company and Mavvrik have announced a strategic partnership to help enterprises gain financial control over AI, cloud, and hybrid infrastructure investments. (Positive)
Wipro: Company has entered into a multiyear agreement with Entrust, a global leader in identity-centric security solutions. (Positive)
Piccadily Agro: Company aims to target 1 million cases of whistler barrel aged blended malt whisky in the next 3 years. (Positive)
Servotech: Company received Rs 33.6 crore order for 7.8MW grid-connected solar rooftop project from Northeast Frontier Railway. (Positive)
Tata Chemicals: IT department granted a refund of Rs 55.7 crore including interest. (Positive)
Ather Energy: Ather Rizta Crosses 1 Lakh Unit Retail Sales Mark. (Positive)
HDFC Bank: SEBI approves India IPO plan of HDB Financial Services. (Positive)
Prostarm: PG Foils bought 6.29 lakh shares at Rs 120 per share (Positive)
Nazara: Ram Babu Gupta bought 4.75 lakh shares at Rs 1,281 per share. (Positive)
Barak Valley: Company reported cement production of 86,430 MT and dispatch of 86,054 MT for the quarter ending March 31, 2025. (Neutral)
Nuvoco Vistas: Company received a Show Cause Notice from the Excise & Taxation Officer, Chakri Dadri, Haryana, on June 2, 2025. The notice, related to input tax credit for FY19, demands Rs 6.5 Cr. (Neutral)
Ashoka Buildcon: Company’s credit ratings, as assessed by ACUITE Ratings & Research Limited, have been reaffirmed. The long-term debt rating is ‘ACUITE AA’. (Neutral)
One 97 Communications: Company announced the incorporation of Paytm Singapore Pte. Ltd. in Singapore. This new entity is a wholly-owned subsidiary of Paytm Cloud Technologies Limited (Neutral)
Inox Green: Promoter Entity Devansh Trademart Acquires Stake in Inox Green Energy. (Neutral)
Adani Total Gas: Nikhil Vohra designated as senior management personnel resigns. (Neutral)
ABFRL: Flipkart to sell entire 6% stake in co via block deals. Floor price at Rs 80 per share, 7% discount to CMP (Neutral)
Alkem Laboratories: Jayanti Sinha is set to offload a 1.42% stake in Alkem Laboratories via Block Deal. Floor price at Rs 4850 per share, 3% discount to CMP (Neutral)
Indegene: CA Dawn to sell 10.2% stake worth Rs 1420 cr via block deals. Floor price at Rs 580 per share, 6.4% discount to CMP (Neutral)
Tata Tech: TPG RISE to sell entire 2% stake in co worth Rs 635 crores via block deals. Floor price at Rs 744.5 per share, 3% discount to CMP (Neutral)
Adani Ent: Adani mulls entering airport ground services after Celebi’s exit. (Neutral)
OLA Elect: Hyundai Motor and Kia Corp sell shares worth Rs 690 crore in Ola Electric via open market transactions: NDTV (Neutral)
Yes Bank: Board approved raising funds up to Rs 16,000 crore via debt and equity. The bank will raise Rs 7,500 crore from equity and Rs 8,500 crore from debt securities (Neutral)
Paytm: Paytm Cloud Technologies has incorporated its wholly owned arm Paytm Singapore. (Neutral)
Usha Martin: Promoter Peterhouse Investments India sold 3 lakh shares (Neutral)
Dixon: Company seeks government nod to partner with Chinese firm HKC to make display modules (Neutral)
Rallis: Ex-Date tomorrow, Dividend Rs 2.5/Sh (Neutral)
Jindal Saw: Ex-Date tomorrow, Dividend Rs 2.0/Sh (Neutral)
TCS: Ex-Date today, Dividend Rs 30.0/Sh (Neutral)
Shesha Paper: Ex-Date today, Dividend Rs 2.5/Sh (Neutral)
Tata Motors: Ex-Date today, Dividend Rs 6.0/Sh (Neutral)
Inox India: Ex-Date today, Dividend Rs 2.0/Sh (Neutral)
Coforge: Stock Split at today, Face Value Split from Rs 10/- per share to Rs 2/- per share (Neutral)
Sun Pharma: Psoriasis Drug, SCD-044 fails to meet goal in phase 2 trial (Negative)
75% households, firms in South Asia to face extreme weather next decade
More than 60 per cent of households and firms in South Asia have experienced extreme weather in the last five years, and over 75 per cent expect it for the next decade, a new report by the World Bank revealed. By 2030, 89 per cent of the region’s population are projected to be exposed to extreme heat, while 462 million people (21 per cent) are projected to be exposed to severe flooding.
Indian banks’ asset quality to stay stable amid global risks: Moody’s
Global rating agency Moody’s today said the Indian banking sector will be able to broadly preserve asset quality despite trade tensions posing risks for the global economy. The non-performing loan (NPL) ratio is expected to stay at the 2–3 per cent level over the next 12 months, the agency said.
India moves WTO on extra US tariffs on auto parts
India has approached the WTO over 25% additional US tariffs on auto parts, calling them unjust safeguard measures. With $6B in annual exports at stake, India seeks consultations, citing lack of WTO notification. The move follows US rejection of India’s earlier steel and aluminium retaliation bid.
Meta becomes latest big tech company turning to nuclear power for AI needs
Meta has cut a 20-year deal with Constellation Energy Illinois to secure nuclear power to help meet surging demand for artificial intelligence and other computing needs. Also last fall, Amazon said it was investing in small nuclear reactors, two days after a similar announcement by Google.
US JOLTs job openings surge
The reported number of 7.391 million job openings significantly outpaced the forecasted figure of 7.110 million and compared to the previous figure of 7.200 million. Both hires and total separations were little changed at 5.6 million and 5.3 million, respectively.
Chinese travel more during Dragon Boat holiday but spending lags
Overall spending over the period rose to 42.73 billion yuan ($5.94 billion, a year-on-year increase of 5.9%, but the average amount spent per traveller was a little under 360 yuan ($50), according to Reuters calculations, remaining stubbornly below 2019 levels of around 410 yuan per trip. Inter-regional trips, which include tourist trips, were up 2.5% year-on-year.
EU May inflation below 2%
Eurozone consumer price inflation eased to 1.9% year-on-year in May 2025, down from 2.2% in April and below market expectations of 2.0%. Core inflation eased to 2.3%, the lowest reading since January 2022.
South African economy stagnated in Q1 2025
South Africa’s economy stagnated in the first quarter, eking out quarter-on-quarter growth of just 0.1%, as contractions in sectors like mining and manufacturing offset a strong performance by agriculture. 4Q CY24 growth revised to 0.4% quarter-on-quarter, from an initial estimate of 0.6%.
Asian markets
Asian markets opened on a positive note following strong US markets. Eyes will be on KRW as the markets look for cues from the new President. Also, developments on Xi-Trump call would be closely watched.
Brent 65.51, DXY 99.19, US 10y 4.44%, Gift Nifty +0.2%
Aptus Value Housing (APTUS): Westbridge Crossover Fund Sells 61.97M Aptus Value Housing Shrs
Ethos (ETHOSLTD): Approves raising up to INR4.1b via rights issue of shares
Garden Reach Shipbuilders (GRSE): Signs pact with Norway’s Kongsberg: PIB
InterGlobe Aviation (INDIGA): Sign Codeshare partnership with Garuda Indonesia
Ola Electric Mobility (OLAELEC): Hyundai Motor, Kia Sell Ola Electric Shares in Block: NSE Data
Premier Explosives (PRE): To restart Telangana plant operations at earliest
Sansera Engineering (SANSERA): In long-term contract with Airbus valued at INR1.68b for ICTM programs
SEAMAC (SEAM): Approves buying Seamec Anant Vessel from HAL Offshore for $70 million
Tata Motors (TTMT): Introduces Harrier EV SUV starting at INR2.15M
Techno Electric (TECHNOE): Selected by Railtel as DataCentre partner to build 10mw data centre
Texmaco Rail (TXMRE): Gets INR1.22b order from Western railway
TVS Motor Co (TVSL): Signs accord with Kadam Mobility to deploy 500 EVs 3-wheelers during FY26
Wipro (WPRO): Won multiyear deal from Entrust to accelerate growth strategy
Yes Bank (YES): Carlyle Affiliate Sells 410M Yes Bank Shares in Block Deal: NSE
Zinka Logistics (BLACKBUC): Adia Buys 2.3M Zinka Logistics Shares via Block: NSE
Zydus Lifesciences (ZYDUSLIF): Agenus and Zydus Lifesciences Enter $141m Partnership
MS on Godrej CP: Maintain Overweight on Company, target price at Rs 1431/Sh (Positive)
MS on M&M: Maintain Overweight on Company, target price at Rs 3668/Sh (Positive)
MS on Tata Power: Maintain Overweight on Company, target price at Rs 449/Sh (Positive)
Nomura on CEAT: Maintain Buy on Company, target price at Rs 3945/Sh (Positive)
HSBC on Embassy Office Parks: Maintain Buy on REIT, target price at Rs 435/Sh (Positive)
HSBC on Brook: Maintain Buy on REIT, target price at Rs 330/Sh (Positive)
HSBC On Indian Economy: Inflation likely to trend below target and expect 25 bps rate cut. (Positive)
Jefferies on Cement stocks: Cement universe delivered a strong rebound in Q4, Q1 should benefit from further recovery in pricing in South (Positive)
Moody’s on Indian Banks: Indian banks’ asset quality to hold up despite global economic worries Expect RBI’s draft gold loan norms to slow growth of gold loans (Neutral)
MS on JSW Steel: Maintain Equal weight on Company, target price at Rs 1000/Sh (Neutral)
MS on ICICI Lombard: Maintain Equal weight on Company, target price at Rs 1855/Sh (Neutral)
MS on Tata Motors: Maintain Equal weight on Company, target price at Rs 715/Sh (Neutral)
Nomura on Tata Motors: Maintain Neutral on Company, target price at Rs 799/Sh (Neutral)
MS on Infosys: Maintain Overweight on Company, target price at Rs 1800/Sh (Neutral)
Nuvama on CEAT: Maintain Buy on Company, target price at Rs 3800/Sh (Positive)
Company: PSP Projects Ltd (PSPPROJECT)
Type of Offer: Acquisition
Acquirer: Adani Infra (India) Limited
Issue of Public Announcement: 19-Nov-2024
Offer price Rs: 642.06
CMP: Rs 637.10
(%Prem.)/Disc.: 0.80%
Offer Size : Rs 662 cr
Proposed Acq. No. of shares: 1.03 cr
Proposed Acq. : 26%
Schedule of Activity:
Start Date: 22 May 2025
End Date: 4 June 2025 (Today)
Settlement Date: 18 June 2025
Issue Open – 13-June-25
Issue Close – 20-June-25
Right issue Size: Rs. 399.33 Crs (2.47 Crs Shares)
CMP – 179.40/-
Rights Price: Rs. 162.00/-
Payment Terms: Rs. 162.00/- (To be paid on application)
Rights Entitlement Ratio: 50 Rights Equity Share for every 189 shares held (Effectively 0.26 for every 1 share held).
Last Trade date (Cum Right): Wednesday, 04th June, 2025 (Today)
Ex-Right Trading date: Thursday, 05th June, 2025
Record Date: Thursday, 05th June, 2025
Date of Allotment (on or about): Not Yet Announced
Date of listing (on or about): Not Yet Announced
Effective Discount Per share – Rs. 3.29
{CMP-[(no. of Shares * CMP) + (No. of RE * Right issue Price) ]/ No. of Shares incl. RE}
Route : Tender Route
Buyback Price : 185/-
Buyback Size (in Rs) : 20 Crore
Buyback Size (in Shares) : 10,81,081 shares(representing 1.65% of total paid up Equity Share Capital)
Retail Quota – 1,62,162 shares
Record Date – 23 May 2025
CMP : 146.60/-
Schedule of Activity:
Start Date: 29 May 2025
End Date: 4 June 2025 (Today)
Settlement Date: 11 June 2025
Symbol: SCODATUBES
Series:
Equity “T Group”
BSE Code: 544411
ISIN: INE090501011
*Face Value:*Rs 10/-
Issue Price:
Rs 140/- per share
CMP: INR 24 | Market Cap: INR 2,352 Mn
Forward Guidance
* For FY26, the company is looking at a topline run of 20% to 30% growth.
* The focus for FY26 is on the bottom line, which is expected to see a significant jump, largely due to the monetisation of byproducts.
* The expected margin for FY26 is in the range of 15% to 18% or possibly 15% to 20%. There is a contingency that margins could remain around 15-16% or even higher in FY27 if the global scenario remains stable.
* Annual savings from the cogen plant are expected to be about INR 40 Mn to INR 50 Mn per year.
* Current plant capacity utilisation at the existing facility is 60%. Post-capex, pigment capacity utilisation is expected to increase to 70% to 75%. Specifically, the capacity utilisation of existing products (CPC -> Alpha/Beta) is expected to go up from 60% to 75-80%, meaning around 750 tons will be used out of a total capacity of 1,000 tons.
* Expected monthly capacities after Q1, with new production, are 200 tons for Alpha (up from 150 tons) and 250 tons for Beta (up from 200 tons).
* The byproduct fertiliser plant is targeted to reach a capacity of 6,000 tons per annum once completely stabilised. The goal is to reach 80% of this capacity by Q2.
Forward Looking Statements
* The cogen plant is expected to be operational next month.
* Raw material for the new plant is expected to stabilise by the second quarter of this year.
* The power plant (cogen plant) is expected to start in the coming quarter.
* The capital expenditure (capex) has been done to efficiently utilise waste products, which the company is going to monetise in the near future.
* The entire capex run is aimed at efficiently managing costs and monetising byproducts. The capex is also intended to achieve production at the right cost for long-term consistency in production capacities.
* The new plant (likely referring to the cogen and byproduct/fertiliser projects) will enable the running of the plant more efficiently 24/7, addressing potential disruptions in water and electricity supply.
* The waste product monetisation plant (part of the capex) is planned to produce 6,000 tons of certain high-value fertilisers per annum once production is stabilised.
* The byproduct fertiliser plant is targeted to be absolutely stabilised by Q2. The ramp-up will start in Q1 and stabilisation will be by Q2.
* The company aims to achieve an integrated ecosystem, where increased Alpha and Beta production is supported by the monetisation of the generated waste, killing two birds with one stone.
* There are plans to reduce borrowings to negligible levels in the next one to one and a half years. The company aims to become a zero-debt company.
* No significant capex is expected for the next year beyond routine maintenance capex.
* Initial batches from the new plant have started and are promising, with commercialisation not seen as an issue as these products are relatively easier to commercialise compared to the CPC to downstream pigment transformation previously undertaken.
* Numbers from the new plant are targeted for Q2.
Key Financials
* This CWIP of INR 560 Mn includes INR 250 Mn for the boiler and cogen plant, and INR 200 Mn for ‘the’ (likely the byproduct/fertiliser plant mentioned later), with the rest for balancing equipment.
* Current monthly production capacities are approximately 600 tons for CPC, 150 tons for Alpha, and 200 tons for Beta. The total capacity is stated as 1,000 tons.
* The value (price) of products per kilogram in the market is around 300-350 rupees for CPC blue crude, 500-550 rupees for Alpha, and 400-420 rupees for Beta.
* The high-value fertilisers from waste monetisation are valued at anywhere between 80 rupees to 110 rupees per kilo. The input cost for producing this fertiliser is described as negligible, suggesting the topline from this product would largely flow to the bottom line.
* Long-term borrowing is about INR 400 Mn, used only for capex.
Others
* The company manufactures blue and green pigments which are used in end-user industries such as printing inks, paints, plastics, rubber master batches, and textiles.
* India has a monopoly in this specific chemistry globally, manufacturing about 80% of the pigment for the entire world, compared to China which does about 20%.
* Growth in all major sectors in India is about 4-5%, while world growth is about 1-1.5% for this chemistry.
* Raw materials are primarily oil downstream products, with almost 90% sourced in-house and mostly from India (e.g., phthalo anhydride, copper chloride).
* The enhancement in margins, increasing from 4-5% to 9%, is primarily due to the product mix change from being a CPC crude manufacturer to becoming a pigment manufacturer (downstream product), which has higher margins. This product change started being stabilised at current volumes from last year.
* The company is achieving an integrated ecosystem by manufacturing CPC blue, additants, and pigment in one facility. The waste generated is also monetised using the capex done.
* The integrated facility allows the company to give a better product, have more control over quality, and offer an aggressive pricing structure.
* The company’s market share in India is anywhere between 12% to 15%.
* Nearest competitors with similar capacity in India are Asahi and Make Money Organics. The top three or four players are stated to be among the largest, with capacities being similar or almost equal. These Indian competitors are unlisted.
* Pricing in India generally follows a cost-plus model due to the significant production volumes. Raw material fluctuations are passed on to customers via price with a lag time of about one and a half months.
* Customer contracts are typically monthly. The price is fixed in the monthly contract with no price escalation clause within the month.
* With the increased internal consumption of CPC blue crude for producing Alpha and Beta, the company will become the biggest customer of its own product, using about 75% internally.
* The company is the first player to use the byproducts generated in its process to create a fertiliser plant, utilising proprietary in-house technology. This waste monetisation is a competitive advantage, especially for Alpha production, where waste generation is a challenge for others.
* Kesar Petro is promoted by Shares & Securities. Shares & Securities previously operated in the blue segment but consolidated its business into Kesar Petro (which it bought in 2008) around 2014. Shares & Securities is also listed but is not currently doing revenue; Kesar Petro books the entire business.
* Almost 80% of the company’s product is exported, with about 20% to 25% being direct exports and the rest via merchant exporters.
Arihant Capital Markets Ltd
03 June 2025 (Rs. In Crs.)
Turnover: (NSE + BSE)
Cash Volume: 116211.91 + 11722.58 Total: 127934.49
F&O Volume: 12583808.13 + 44048529.28 Total: 56632337.41
Provisional Cash
FII/FPI: NET SELL: -2,853.83
(17,063.43 – 19,917.26)
DII: NET BUY: +5,907.97
(15,703.72 – 9,795.75)
13:30 EURO Final Services PMI (Expected: 48.9 versus Previous: 48.9)
14:00 U.K. Final Services PMI (Expected: 50.2 versus Previous: 50.2)
17:45 U.S. ADP Non-Farm Employment Change (Expected: 110K versus Previous: 62K)
18:00 U.S. FOMC Member Bostic Speaks
18:00 U.S. FOMC Member Cook Speaks
19:30 U.S. ISM Services PMI (Expected: 52.0 versus Previous: 51.6)
Dollar Tree, Inc (Pre market) (Sector- Retail)
The Descartes Systems Group Inc (Post market) (Sector- Technology)
The outlook for Federal Bank is bullish. The 2 per cent rise on Tuesday has taken the share price well above a key resistance level of ₹205. It also confirms a cup and handle bullish pattern on the daily chart. The level of ₹205 will now act as a good support and limit the downside.
Federal Bank's bullish outlook with key resistance level surpassed, cup and handle pattern confirmed, potential rise to ₹230-235.
Published on June 4, 2025
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