Stock Market Today: All You Need To Know Before Going Into Trade On May 26

Good morning

The GIFT Nifty, an early indicator for the benchmark Nifty 50, is down 0.12% at 24,098 as of 6:38 a.m. Equity-index futures for the US (S&P 500) rose 0.64% and Europe (Euro Stoxx 50) dipped 0.29%.

India Market Recap

Benchmarks advanced on Monday as sentiment improved amid hopes of easing tensions around the Strait of Hormuz. The NSE Nifty 50 closed at 24,031.70, rising 312.40 points or 1.32%, crossing 24,000 for the first time in 11 trading sessions. The BSE Sensex ended higher by 1,073.61 points, or 1.42%, at 76,488.96, marking its biggest one-day gain in nearly six weeks.

US Market Recap

Wall Street remained closed on Friday due to Memorial Day holiday. On Friday, US stocks jumped, marking gains ahead of a long holiday weekend led by hopes for resolution of the Middle East conflict and enthusiasm for artificial intelligence-linked trades. The S&P 500 rose 0.4% , an eighth straight week of gains, its longest winning streak since 2023, while Nasdaq 100 advanced 0.2%, Bloomberg reported.

Asian Market Update

South Korea’s Kospi hit a fresh record of 8,094.90 on Tuesday, and the small-cap Kosdaq advanced 2.12%. Japan’s Nikkei dipped 0.18%, while the Topix declined 0.36%. On Monday, Nikkei 225 breached the 65,000 mark on Monday. Australia’s S&P/ASX 200 opened 0.17% lower.

Commodity Check

Oil surged after tumbling over 7% on Monday, as reports of fresh military strikes in Iran raised doubts over a peace deal between Tehran and Washington to reopen the Strait of Hormuz. Brent rose toward $98 a barrel, while West Texas Intermediate was near $91, according to Bloomberg data. Meanwhile, gold gained, trading at around $4,560 an ounce, after rising 1.4% the day before.

Earnings Today

ONGC, Siemens, Venus Pipes, Transrail Lighting, Marksans Pharma, Morepen Laboratories, Landmark Cars, Kirloskar Electric, IRCTC, JK Tyre, EIH, EID Parry, Gandhar Oil, TCI, Redtape, Kaveri Seed Company, Honda India Power Products, Goodluck India Ltd, Bayer CropScience, Astra Microwave Products, AIA Engineering Ltd, Aequs Ltd, Jubilant Ingrevia, Ion Exchange, GIC, Gujarat Fluorochemicals, Gujarat Gas, Brainbees Solutions, Timex Group India, Sumitomo Chemical India, Steel Strips Wheels, Shringar House of Mangalsutra, Senco Gold, Refex Industries, Roto Pumps, Procter & Gamble Health, Pondy Oxides, Popular Vehicles and Services, Jash Engineering, Carraro India, Camlin Fine Sciences, and Apeejay Surrendra Park Hotels.

Earnings Post Market Hours

HMA Agro (Q4, Consolidated YoY)

• Revenue up 5.3% to Rs 158 crore versus Rs 150 crore.
• Ebitda up 4.3% to Rs 16.7 crore versus Rs 16 crore.
• Margin at 10.6% versus 10.7%.
• Net profit down 40.2% to Rs 7.9 crore versus Rs 13.2 crore.

Awfis Space (Q4, Consolidated YoY)

• Revenue up 20.7% to Rs 410 crore versus Rs 340 crore.
• Ebitda up 30.8% to Rs 152 crore versus Rs 116 crore.
• Margin at 37.0% versus 34.1%.
• Net profit up 108.0% to Rs 23.3 crore versus Rs 11.2 crore.

Jindal Worldwide (Q4, Consolidated YoY)

• Revenue up 5.7% to Rs 640 crore versus Rs 606 crore.
• Ebitda down 16.0% to Rs 41.2 crore versus Rs 49.1 crore.
• Margin at 6.4% versus 8.1%.
• Net profit up 18.7% to Rs 26.1 crore versus Rs 22 crore.

Aditya Birla Fashion (Q4, Consolidated YoY)

• Revenue up 15.7% to Rs 1,990 crore versus Rs 1,720 crore.
• Ebitda down 3.7% to Rs 197 crore versus Rs 205 crore.
• Margin at 9.9% versus 11.9%.
• Net loss at Rs 148 crore versus loss of Rs 17 crore.

Kama Holdings (Q4, Consolidated YoY)

• Total income up 6.8% to Rs 4,662 crore versus Rs 4,366 crore.
• Net profit up 11.0% to Rs 294 crore versus Rs 265 crore.

Pine Labs (Q4, Consolidated YoY)

• Revenue up 17.0% to Rs 701 crore versus Rs 599 crore.
• Ebitda up 88.0% to Rs 106.4 crore versus Rs 56.6 crore.
• Margin at 15.2% versus 9.5%.
• Net profit at Rs 59.4 crore versus loss of Rs 28.9 crore.

KSH International (Q4, YoY)

• Revenue at Rs 1,028 crore versus Rs 510 crore.
• Ebitda up 76.6% to Rs 65.6 crore versus Rs 37.2 crore.
• Margin at 6.4% versus 7.3%.
• Net profit up 87.0% to Rs 34.5 crore versus Rs 18.5 crore.

RVNL (Q4, Consolidated YoY)

• Revenue up 4.2% to Rs 6,696 crore versus Rs 6,427 crore.
• Ebitda down 38.4% to Rs 269 crore versus Rs 436 crore.
• Margin at 4.0% versus 6.8%.
• Net profit down 58.9% to Rs 187 crore versus Rs 455 crore.

Insolation Energy (Q4, Consolidated YoY)

• Revenue at Rs 794 crore versus Rs 397 crore.
• Ebitda up 92.8% to Rs 110.7 crore versus Rs 57.4 crore.
• Margin at 13.9% versus 14.5%.
• Net profit up 65.3% to Rs 70 crore versus Rs 42 crore.

Suprajit Engineering (Q4, Consolidated YoY)

• Revenue up 18.8% to Rs 1,042 crore versus Rs 877 crore.
• Ebitda up 38.4% to Rs 120.4 crore versus Rs 87 crore.
• Margin at 11.6% versus 9.9%.
• Net profit at Rs 71.1 crore versus Rs 27.2 crore.
• Board declared final dividend of Rs 2/share.

Amara Raja (Q4, Consolidated YoY)

• Revenue up 15.2% to Rs 3,524 crore versus Rs 3,060 crore.
• Ebitda up 9.6% to Rs 374 crore versus Rs 341 crore.
• Margin at 10.6% versus 11.1%.
• Net profit up 94.5% to Rs 314 crore versus Rs 161 crore.
• Company recorded one-time gain of Rs 181 crore in Q4.
• Board declared final dividend of Rs 5.20/share.

Container Corp (Q4, Consolidated YoY)

• Revenue down 1.1% to Rs 2,263 crore versus Rs 2,288 crore.
• Ebitda down 3.0% to Rs 428 crore versus Rs 441 crore.
• Margin at 18.9% versus 19.3%.
• Net profit down 12.4% to Rs 263 crore versus Rs 300 crore.

Sudarshan Chemical (Q4, Consolidated YoY)

• Revenue at Rs 2,790 crore versus Rs 1,349.4 crore.
• Ebitda up 79.0% to Rs 227.4 crore versus Rs 127 crore.
• Margin at 8.2% versus 9.4%.
• Net profit at Rs 78.7 crore versus loss of Rs 4 crore.
• Board declared final dividend of Rs 5/share.

NESCO (Q4, Consolidated YoY)

• Revenue up 31.0% to Rs 252 crore versus Rs 192 crore.
• Ebitda up 10.5% to Rs 118 crore versus Rs 107 crore.
• Margin at 46.9% versus 55.6%.
• Net profit up 5.1% to Rs 93.1 crore versus Rs 88.6 crore.
• Board declared final dividend of Rs 7/share.

IFB Industries (Q4, YoY)

• Revenue up 12.3% to Rs 1,498 crore versus Rs 1,334 crore.
• Ebitda up 28.7% to Rs 78.7 crore versus Rs 61.1 crore.
• Margin at 5.3% versus 4.6%.
• Net profit up 126.0% to Rs 42.7 crore versus Rs 18.9 crore.

Hitachi Energy (Q4, YoY)

• Revenue up 46.2% to Rs 2,754 crore versus Rs 1,884 crore.
• Ebitda up 74.9% to Rs 416 crore versus Rs 238 crore.
• Margin at 15.1% versus 12.6%.
• Net profit up 79.7% to Rs 330 crore versus Rs 184 crore.
• Board declared final dividend of Rs 8/share.

TVS Supply Chain (Q4, Consolidated YoY)

• Revenue up 21.3% to Rs 3,032 crore versus Rs 2,499 crore.
• Ebitda up 29.1% to Rs 218 crore versus Rs 169 crore.
• Margin at 7.2% versus 6.8%.
• Net profit at Rs 17.6 crore versus loss of Rs 4.8 crore.
• Appointed Vikas Chadha as Global CEO effective July 1.
• Ravi Viswanathan to step down as MD effective June 30.

Man Industries (Q4, Consolidated YoY)

• Revenue down 5.0% to Rs 1,157 crore versus Rs 1,219 crore.
• Ebitda up 4.6% to Rs 140 crore versus Rs 134 crore.
• Margin at 12.1% versus 11.0%.
• Net profit down 25.4% to Rs 50.9 crore versus Rs 68.2 crore.

Techno Electric (Q4, Consolidated YoY)

• Revenue up 23.8% to Rs 1,010 crore versus Rs 816 crore.
• Ebitda up 4.3% to Rs 132 crore versus Rs 127 crore.
• Margin at 13.1% versus 15.5%.
• Net profit down 14.9% to Rs 115 crore versus Rs 135 crore.
• Board declared final dividend of Rs 7/share.

Aarti Pharmalabs (Q4, Consolidated YoY)

• Revenue up 3.3% to Rs 582.6 crore versus Rs 563.8 crore.
• Ebitda down 21.0% to Rs 113.1 crore versus Rs 143.2 crore.
• Margin at 19.4% versus 25.4%.
• Net profit down 30.8% to Rs 61 crore versus Rs 88.3 crore.
• Board declared final dividend of Rs 2/share.

Entero Healthcare (Q4, Consolidated YoY)

• Revenue up 42.6% to Rs 1,910 crore versus Rs 1,339 crore.
• Ebitda up 76.1% to Rs 86.1 crore versus Rs 48.9 crore.
• Margin at 4.5% versus 3.7%.
• Net profit up 8.9% to Rs 28 crore versus Rs 25.7 crore.
• Company arm to acquire Vishal Surgicals and Vishal Surgicals & Medicals via Business Transfer Agreement.

Travel Food Services (Q4, Consolidated YoY)

• Revenue up 25.7% to Rs 461 crore versus Rs 367 crore.
• Ebitda up 38.3% to Rs 186 crore versus Rs 135 crore.
• Margin at 40.4% versus 36.7%.
• Net profit up 17.4% to Rs 121 crore versus Rs 103 crore.
• Board declared dividend of Rs 10.25/share.

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Bulk/Block Deals

Insider Trades/Pledge

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Trading Tweaks

Short-Term ASM

F&O Cues

Currency Check

The rupee appreciated 35 paise to close at 95.25 (provisional) against the US dollar on Monday, registering the third straight session of gain, on optimism that the US and Iran were moving close to a peace deal even though they remained at odds over key issues, including blockades on the Strait of Hormuz.

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