Market closes lower, SBI's Q1 net profit grows 12.5% YoY to Rs 19,160.4 crore
By Trendlyne Analysis

 

 

Nifty 50 closed at 24,363.30 (-232.9, -1.0%), BSE Sensex closed at 79,857.79 (-765.5, -1.0%) while the broader Nifty 500 closed at 22,443.15 (-251.0, -1.1%). Market breadth is in the red. Of the 2,498 stocks traded today, 817 were in the positive territory and 1,629 were negative.

Indian indices closed in the red amid escalated trade tensions and continued foreign selling. The Indian volatility index, Nifty VIX, rose 3.7% and closed at 12.1 points. Swiggy, Vishal Mega Mart, Hitachi Energy, and Waaree Energies were added to the MSCI’s Global Standard Index as part of its latest semi-annual review.

Nifty Midcap 100 & Nifty Smallcap 100 closed in the red, following the benchmark index. Nifty India Defence and BSE Realty Index were among the top index losers today. According to Trendlyne’s Sector dashboard, Telecommunications Equipment emerged as the worst-performing sector of the day, with a fall of 2.9%.

Asian indices closed lower, while European indices are trading mixed. US index futures traded in the green indicating a positive start to the trading session. US President Donald Trump nominated Stephen Miran, Chairman of the Council of Economic Advisers, to fill the recently vacated seat on the Federal Reserve Board, with a term lasting until January 31, 2026. Meanwhile, Federal Reserve Governor Christopher Waller is reportedly emerging as a top contender to succeed Jerome Powell as Chair of the US central bank.

  • Money flow index (MFI) indicates that stocks like Fortis Healthcare, Sarda Energy & Minerals, eClerx Services, and 3M are in the overbought zone.

  • Sequent Scientific’s Q1FY26 revenue rises 13.3% YoY to Rs 445.2 crore, driven by growth in the active pharmaceutical ingredient (API) and formulation segments. Net profit grows 119.8% YoY to Rs 14.3 crore, driven by lower finance and depreciation costs. The company appears in a screener of stocks with two consecutive quarters of rising revenue.

  • State Bank of India's Q1FY26 net profit grows 12.5% YoY to Rs 19,160.4 crore. Revenue rises 10.3% YoY to Rs 1.4 lakh crore, driven by improvements in the treasury operations, retail and corporate banking segments. The bank's asset quality improves as its gross and net NPAs decline 38 bps and 10 bps YoY, respectively.

  • JK Tyre & Industries rises as its Q1FY26 net profit beats Forecaster estimates by 3.3% despite falling 21.8% YoY to Rs 165.4 crore due to higher raw materials, inventory, employee benefits and finance costs. However, revenue grows 6.5% YoY to Rs 3,890.6 crore, helped by improvements in the domestic market. It appears in a screener of stocks outperforming their industries over the past week.

  • Jefferies maintains a 'Hold' rating on BSE with a lower target price of Rs 2,790. The brokerage highlights concerns over weak options trading volumes and potential revenue impact from structural changes in the derivatives segment. It lowers the EPS (earnings per share) estimates by 5–6%, though the company’s core fundamentals remain strong.

  • Schneider Electric Infrastructure falls to its 5% lower limit as its net profit drops 14.9% YoY to Rs 55.9 crore in Q1FY26 due to inventory buildup and higher employee benefit expenses. However, revenue increases 4.8% YoY to Rs 621.6 crore during the quarter. The company appears in a screener of stocks with declining ROE over the past two years.

  • Kalpataru Projects' Q1FY26 revenue rises 34.2% YoY to Rs 6,187.5 crore, driven by strong execution of engineering, procurement and construction (EPC) contracts. Net profit grows 129.7% YoY to Rs 213.6 crore due to lower finance costs. The firm appears in a screener of stocks where foreign institutional investors (FIIs) have increased their shareholding.

  • CE Info Systems' Q1FY26 revenue rises 21.2% YoY to Rs 135.2 crore, driven by growth in the automotive & mobility and tech & enterprise segments. Net profit grows 28.7% YoY to Rs 46.1 crore. The company appears in a screener of stocks with low debt.

  • Ritesh Tiwari, CFO of Hindustan Unilever, says the company aims to complete the demerger and listing of its ice cream business, Kwality Wall's (India), by the end of FY26. He expects the business to double in size over the next 2–3 years, driven by improving margins. The new entity will include brands like Kwality Wall’s, Cornetto, Magnum, and The Dairy Factory, along with HUL’s five ice cream factories, licenses, and cold storage logistics.

  • Crompton Greaves' Q1FY26 revenue falls 6.5% YoY to Rs 2,022 crore due to a reduction in the electric consumer durables segment. Net profit declines 19.4% YoY to Rs 122.2 crore due to higher raw material costs. The firm appears in a screener of stocks with zero promoter pledge.

  • Biocon is falling as its Q1FY26 net profit plunges 95.2% YoY to Rs 31.4 crore due to a one-time gain of Rs 1,075 crore in Q1FY25 from the sale of its branded formulations business to Eris Lifesciences. Revenue declines 11.9% YoY to Rs 4,021.6 crore during the quarter. It shows up in a screener of stocks where promoters decrease their holdings by more than 2% QoQ.

  • Marksans Pharma receives US FDA approval for its abbreviated new drug application (ANDA) for Omeprazole Delayed-Release tablets. The drug treats heartburn and stomach acid problems. According to IQVIA, the drug had a market size of $1.1 billion in 2024.

  • Surendran Chemmenkotil, MD of Metropolis Healthcare, aims for 25% growth in the 'TruHealth' brand and 12% growth in overall organic revenue for FY26. He also projects margins of 25% during the same period. Chemmenkotil highlights that the specialty diagnostics segment posted the highest YoY revenue growth of 32% in Q1. He also expects a 5–6% improvement in realisations this year.

  • Cummins India is rising sharply as its Q1FY26 net profit jumps 30.5% YoY to Rs 603.9 crore, led by inventory destocking. Revenue grows 25.7% YoY to Rs 3,040.7 crore, attributed to improvements in the engines and lubricants segments. It appears in a screener of stocks with negative to positive growth in sales and net profit with strong price momentum.

  • Data Patterns' Q1 net profit falls 22.2% YoY to Rs 25.5 crore. Revenue declines 5.6% YoY to Rs 109.8 crore due to delays in customer approvals and a drop in order execution. The firm appears in a screener of stocks with low debt.

  • The Ramco Cements is falling as its Q1FY26 net profit misses Forecaster estimates by 7.1% despite surging 1.3x YoY to Rs 85 crore, helped by inventory destocking and lower finance, freight, and handling costs. However, revenue declines 1% YoY to Rs 2,074 crore due to lower cement demand amid early monsoon rains in Kerala. The company appears in a screener of stocks with PE ratio higher than the industry average.

  • Avendus maintains an 'Accumulate' rating on Hero MotoCorp with a higher target price of Rs 4,765. The brokerage highlights the company’s growing focus on the electric two-wheeler segment and the Rs 600 crore capex plan to expand its non-auto business. Avendus believes new product launches and sustained volume growth are key factors to watch going forward.

  • AU Small Finance Bank is rising as it receives principal approval from the Reserve Bank of India (RBI) to transition from a small finance bank to a universal bank.

  • Kalyan Jewellers' Q1FY26 revenue rises 31.6% YoY to Rs 7,314.7 crore, driven by growth in same-store sales and the international business. Net profit grows 48.6% YoY to Rs 264 crore. The company appears in a screener of stocks where mutual funds increased their shareholding during the past quarter.

  • Bharti Airtel falls as 1% equity worth about Rs 12,563 crore changes hands in a block deal at an average price of Rs 1,862 per share. Indian Continent Investment, a Sunil Mittal-led promoter group entity, is likely the seller.

  • Swiggy, Vishal Mega Mart, Hitachi Energy, and Waaree Energies enter MSCI’s Global Standard Index as part of its latest semi-annual review. Meanwhile, three companies, including Sona BLW Precision Forgings and Thermax, have been removed. Analysts estimate that the inclusion of these four stocks could attract inflows of over $1 billion.

  • Hindustan Petroleum Corp is rising as its Q1FY26 net profit surges 6.5x YoY to Rs 4,110.9 crore, helped by lower inventory expenses. However, revenue declines 2.7% YoY to Rs 1.1 lakh crore, due to reductions in the downstream petroleum segment. It appears in a screener of stocks with good Trendlyne valuation scores.

  • Global Health is rising as its net profit surges 49.6% YoY to Rs 159 crore in Q1FY26, helped by lower finance and goods costs. Revenue increases 19.7% YoY to Rs 1,030.8 crore, driven by higher average revenue per occupied bed (ARPOB) during the quarter. The company appears in a screener of stocks outperforming their industry price change over the past quarter.

  • Life Insurance Corp of India rises sharply as its Q1FY26 net profit grows 3.9% YoY to Rs 10,957.1 crore, helped by lower provisions and employee benefits expenses. Net premium income increases 4.7% YoY to Rs 1.2 lakh crore, driven by improvements in the life and non-life insurance segments. It features in a screener of stocks with a decrease in provisions in recent results.

  • Titan is rising as its net profit surges 52.6% YoY to Rs 1,091 crore in Q1FY26. Revenue increases 24.6% YoY to Rs 16,523 crore, driven by improvements in the watches and jewellery segments during the quarter. The company appears in a screener of stocks where mutual funds have increased their shareholding in the past two months.

  • Nifty 50 was trading at 24,561 (-35.2, -0.1%) , BSE Sensex was trading at 80,494.76 (-128.5, -0.2%) while the broader Nifty 500 was trading at 22,671.60 (-22.5, -0.1%).

  • Market breadth is in the green. Of the 2,057 stocks traded today, 1,195 showed gains, and 811 showed losses.

Riding High:

Largecap and midcap gainers today include General Insurance Corporation of India (393.25, 4.1%), Cummins India Ltd. (3,806.90, 3.6%) and Life Insurance Corporation of India (912.95, 3.2%).

Downers:

Largecap and midcap losers today include Kalyan Jewellers India Ltd. (528.10, -10.6%), Biocon Ltd. (343.35, -5.7%) and Coforge Ltd. (1,606.80, -5.7%).

Movers and Shakers

20 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Global Health Ltd. (1,423.20, 7.3%), Gujarat State Fertilizer & Chemicals Ltd. (213.20, 7.2%) and Kalpataru Projects International Ltd. (1,183.60, 6.4%).

Top high volume losers on BSE were PG Electroplast Ltd. (588.80, -20.1%), Kalyan Jewellers India Ltd. (528.10, -10.6%) and The Ramco Cements Ltd. (1,071.80, -5.7%).

Bharti Airtel Ltd. (1,858.60, -3.3%) was trading at 20.2 times of weekly average. Sai Life Science Ltd. (827.90, 4.6%) and Procter & Gamble Hygiene & Healthcare Ltd. (13,200, -0.1%) were trading with volumes 15.6 and 11.2 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

6 stocks took off, crossing 52 week highs, while 2 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - JK Cement Ltd. (6,995, 1.6%), TVS Motor Company Ltd. (2,968.90, -1.5%) and Star Cement Ltd. (259.77, -0.9%).

Stocks making new 52 weeks lows included - Sun TV Network Ltd. (551, -1.7%) and Tejas Networks Ltd. (556.65, -2.4%).

12 stocks climbed above their 200 day SMA including Network18 Media & Investments Ltd. (57.76, 2.6%) and Caplin Point Laboratories Ltd. (2,111, 2.6%). 33 stocks slipped below their 200 SMA including Kalyan Jewellers India Ltd. (528.10, -10.6%) and Varroc Engineering Ltd. (510.95, -7.8%).

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