Closing Bell: Nifty below 24,850, Sensex down 720 pts; Bajaj Finance, PowerGrid, Tech Mahindra, Bajaj Finserv top losers

The recent correction reflects growing concerns around earnings disappointments and cautious management commentary, which are weighing heavily on investor confidence. Additionally, continued selling by FIIs is exacerbating the pressure. With Nifty breaching 24,900, immediate support is now seen near 24,700, while the major support lies in the 24,450–24,550 zone. Traders are advised to align their positions with the prevailing trend and refrain from averaging down on loss-making trades.

Market sentiment is down due to worse than expected earnings for the June quarter, lack of FPI buying, MFs diverting funds towards fresh equity offerings and uncertainties surrounding Indo-US tariff agreement

Sectorally, Nifty Oil & Gas led the decline with a 2 percent drop, followed by Nifty Metal and PSU Bank, which fell 1.7 percent each. Nifty IT slipped 1.4 percent, while Nifty Auto shed 1.3 percent. Nifty FMCG, Private Bank, and Realty indices also ended lower by 1 percent each. On the other hand, Nifty Pharma stood out as the sole gainer, rising 0.5 percent amid the broader market weakness.

#2 Revenue at Rs1,570 cr vs CNBC-TV18 poll of Rs1,514.2 cr

#3 EBITDA at Rs383 cr vs CNBC-TV18 poll of Rs324 cr

#4 Margin at 24.4% vs CNBC-TV18 poll of 21.4%

EBITDA down 0.6 percent at Rs 50 crore vs Rs 50.3 crore (YoY)

EBITDA margin at 14.53 percent vs 13.32 percent (YoY)

#2 Volume growth at 12 percent YoY, boosted by likely intercompany sales

#3 Cement realisation rises 4.8 percent QoQ, beating estimate of 3 percent

#4 Higher-than-expected costs lead to margin miss

#5 Strong Pan-India presence with 40 mtpa capacity, 17 plants & over 69,000 dealer network

#6 Key risks are execution delays, regional clinker overcapacity & prolonged fuel inflation

#7 Industry-wide pricing discipline at risk amid ongoing market share battle

NII - 5.31 times

Retail – 10.88 times

Employee Reserved - 5.90 times

Overall – 6.57 times

NII - 188.35 times

Retail – 38.99 times

Overall – 82.74 times

#2 EBIT margin at 13.2 percent missed by 50 bps, increasing margin scrutiny

#3 Management expects 14 percent margin by FY26

#4 Recent stock correction seen as good entry point

#2 Revenue down 12 percent QoQ despite 10 percent YoY growth

#3 Downside risk to consensus due to Chinese pricing pressure & product delays

Also,  received the work order from Central Coalfields Limited for Work Order amounting to Rs. 40,19,99,096 (Including Tax).

#2 Adjusted EBITDA margin improved to 23.6 percent on higher CRO share & operating leverage

#3 Company confident of early-teens growth across verticals in FY26

Syngene International was quoting at Rs 688.75, up Rs 19.35, or 2.89 percent.

It has touched an intraday high of Rs 693.45 and an intraday low of Rs 667.15.

It was trading with volumes of 37,994 shares, compared to its five day average of 65,938 shares, a decrease of -42.38 percent.

In the previous trading session, the share closed down 1.51 percent or Rs 10.25 at Rs 669.40.

The share touched a 52-week high of Rs 960.00 and a 52-week low of Rs 598.55 on 02 December, 2024 and 09 May, 2025, respectively.

Currently, the stock is trading 28.26 percent below its 52-week high and 15.07 percent above its 52-week low.

Market capitalisation stands at Rs 27,752.45 crore.

#2 Credit costs remain elevated at 202 bps vs guidance of 185–195 bps

#3 RoA at 4.5 percent in middle of recently lowered target range

#4 Expect profitability pressures ahead due to declining loan spreads

paid up equity shares of the company having a face value of Re 1 per equity share not exceeding 6,434,482 Equity Shares (representing 4.69% of the total paid-up capital of the Company as of March 31, 2025) from all shareholders/ beneficial owners of the Equity Shares of the Company, as on record date.

#2 NII up 10.3% at Rs 5,773 crore versus Rs 5,234 crore, YoY

It has touched an intraday high of Rs 12,565.00 and an intraday low of Rs 12,358.65.

It was trading with volumes of 4,063 shares, compared to its five day average of 6,401 shares, a decrease of -36.53 percent.

In the previous trading session, the share closed down 0.57 percent or Rs 71.40 at Rs 12,554.10.

The share touched a 52-week high of Rs 13,675.00 and a 52-week low of Rs 10,725.00 on 01 August, 2024 and 24 December, 2024, respectively.

Currently, the stock is trading 9.22 percent below its 52-week high and 15.75 percent above its 52-week low.

Market capitalisation stands at Rs 390,305.64 crore.

It has touched an intraday high of Rs 191.40 and an intraday low of Rs 171.80.

It was trading with volumes of 204,890 shares, compared to its five day average of 133,563 shares, an increase of 53.40 percent.

In the previous trading session, the share closed up 3.21 percent or Rs 5.65 at Rs 181.90.

The share touched a 52-week high of Rs 196.50 and a 52-week low of Rs 111.05 on 05 December, 2024 and 09 May, 2025, respectively.

Currently, the stock is trading 10.99 percent below its 52-week high and 57.5 percent above its 52-week low.

Market capitalisation stands at Rs 2,682.37 crore.

Bharat Dynamics was quoting at Rs 1,658.60, down Rs 39.20, or 2.31 percent.

It has touched an intraday high of Rs 1,692.00 and an intraday low of Rs 1,640.05.

It was trading with volumes of 110,015 shares, compared to its five day average of 126,168 shares, a decrease of -12.80 percent.

In the previous trading session, the share closed down 0.33 percent or Rs 5.55 at Rs 1,697.80.

The share touched a 52-week high of Rs 2,096.00 and a 52-week low of Rs 897.15 on 30 May, 2025 and 18 November, 2024, respectively.

Currently, the stock is trading 20.87 percent below its 52-week high and 84.87 percent above its 52-week low.

Market capitalisation stands at Rs 60,798.06 crore.

It has touched an intraday high of Rs 1,150.35 and an intraday low of Rs 1,062.85.

It was trading with volumes of 23,910 shares, compared to its five day average of 10,973 shares, an increase of 117.91 percent.

In the previous trading session, the share closed down 4.24 percent or Rs 50.50 at Rs 1,141.75.

The share touched a 52-week high of Rs 1,255.00 and a 52-week low of Rs 555.05 on 17 June, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 14.67 percent below its 52-week high and 92.94 percent above its 52-week low.

Market capitalisation stands at Rs 14,890.80 crore.

#2 Revenue rises 3.3 percent to 546.9 crore Vs Rs 529.2 crore, YoY

UTI Asset Management Company was quoting at Rs 1,336.30, down Rs 78.90, or 5.58 percent.

It has touched an intraday high of Rs 1,414.00 and an intraday low of Rs 1,327.85.

It was trading with volumes of 12,870 shares, compared to its five day average of 22,397 shares, a decrease of -42.54 percent.

In the previous trading session, the share closed down 3.67 percent or Rs 53.90 at Rs 1,415.20.

The share touched a 52-week high of Rs 1,494.95 and a 52-week low of Rs 906.40 on 22 July, 2025 and 05 March, 2025, respectively.

Currently, the stock is trading 10.61 percent below its 52-week high and 47.43 percent above its 52-week low.

Market capitalisation stands at Rs 17,114.51 crore.

#2 Revenue falls 2 percent to Rs 1,706.9 crore Vs Rs 1,742.7 crore, YoY

It has touched an intraday high of Rs 400.70 and an intraday low of Rs 393.50.

It was trading with volumes of 387,232 shares, compared to its five day average of 549,709 shares, a decrease of -29.56 percent.

In the previous trading session, the share closed down 0.52 percent or Rs 2.10 at Rs 398.15.

The share touched a 52-week high of Rs 435.95 and a 52-week low of Rs 240.15 on 01 July, 2025 and 19 February, 2025, respectively.

Currently, the stock is trading 9.38 percent below its 52-week high and 64.5 percent above its 52-week low.

Market capitalisation stands at Rs 288,772.81 crore.

#2 Revenue up 3.9% at Rs 6,957 crore versus RS 6,694 crore, YoY

It has touched an intraday high of Rs 79.75 and an intraday low of Rs 75.48.

It was trading with volumes of 1,235,456 shares, compared to its five day average of 466,515 shares, an increase of 164.83 percent.

In the previous trading session, the share closed down 1.82 percent or Rs 1.47 at Rs 79.25.

The share touched a 52-week high of Rs 171.00 and a 52-week low of Rs 71.50 on 23 September, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 55.32 percent below its 52-week high and 6.85 percent above its 52-week low.

Market capitalisation stands at Rs 11,022.02 crore.

Wipro will implement a Smart Meter Data Management (MDM) system for the transmission network to modernize the client’s meter data platform, enhance operational efficiencies, and better manage risks.

NII - 4.39 times

Retail – 10.19 times

Employee Reserved - 5.73 times

Overall – 5.02 times

#2 TRN energy resolution & provision reversals key drivers

#3 Loan growth at 10 percent below guidance

#4 Loss on fair value dragged other income

#5 Await management commentary on fair value loss

It is just incidental that the pattern of shareholding came out that way. And there's no identifiable promoter anyway. There's no obligation to put more equity down the line.

These are areas as a part of routine operations of depository. It happened off market hours and didn't hamper the market. Things are settled now. Financial implications have been already discussed in the DRHP.

#2 AUM grew 10.4 percent YoY, disbursements up 36.3 percent YoY

#3 Resolution of one NPA supported performance

#4 Strong RoA & RoE at 2.9 percent & 23 percent respectively

As far as valuations are concerned, this process requires investor feedback. Then also presented to our independent directors, who then after due diligence have then approved the price.

It has touched an intraday high of Rs 209.20 and an intraday low of Rs 201.05.

It was trading with volumes of 361,699 shares, compared to its five day average of 1,405,698 shares, a decrease of -74.27 percent.

In the previous trading session, the share closed down 1.50 percent or Rs 3.20 at Rs 210.25.

The share touched a 52-week high of Rs 214.80 and a 52-week low of Rs 129.15 on 23 July, 2025 and 13 January, 2025, respectively.

Currently, the stock is trading 5.38 percent below its 52-week high and 57.38 percent above its 52-week low.

Market capitalisation stands at Rs 50,765.99 crore.

#2 Product mix shift away from ULIPs drove margin expansion

#3 APE growth at 9 percent YoY dragged by flat agency channel

#4 Management confident of mid-teens APE growth in FY26

It has touched an intraday high of Rs 72.76 and an intraday low of Rs 71.53.

It was trading with volumes of 330,013 shares, compared to its five day average of 1,424,835 shares, a decrease of -76.84 percent.

In the previous trading session, the share closed down 0.42 percent or Rs 0.31 at Rs 72.71.

The share touched a 52-week high of Rs 83.03 and a 52-week low of Rs 59.56 on 01 August, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 13.33 percent below its 52-week high and 20.82 percent above its 52-week low.

Market capitalisation stands at Rs 63,265.92 crore.

#2 SME segment stress driving elevated credit costs

#3 Stock not pricing in growth guidance cuts or higher credit costs

#4 Valuation at 4.4x FY27EP/B already reflects 24–25 percent AUM growth

Enviro Infra Engineers was quoting at Rs 273.00, down Rs 3.25, or 1.18 percent.

It has touched an intraday high of Rs 285.95 and an intraday low of Rs 272.10.

In the previous trading session, the share closed down 0.61 percent or Rs 1.70 at Rs 276.25.

The share touched a 52-week high of Rs 392.00 and a 52-week low of Rs 170.10 on 17 December, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 30.36 percent below its 52-week high and 60.49 percent above its 52-week low.

Market capitalisation stands at Rs 4,791.97 crore.

It has touched an intraday high of Rs 125.00 and an intraday low of Rs 122.35.

It was trading with volumes of 203,574 shares, compared to its five day average of 295,084 shares, a decrease of -31.01 percent.

In the previous trading session, the share closed up 0.24 percent or Rs 0.30 at Rs 124.80.

The share touched a 52-week high of Rs 132.35 and a 52-week low of Rs 95.20 on 27 August, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 7.18 percent below its 52-week high and 29.04 percent above its 52-week low.

Market capitalisation stands at Rs 72,150.48 crore.

NII - 3.50 times

Retail – 9.55 times

Employee Reserved - 5.62 times

Overall – 3.54 times

NII - 126.64 times

Retail – 32.26 times

Overall – 44.74 times

G R Infraprojects was quoting at Rs 1,255.65, down Rs 22.00, or 1.72 percent.

It has touched an intraday high of Rs 1,311.25 and an intraday low of Rs 1,255.65.

It was trading with volumes of 4,309 shares, compared to its five day average of 3,462 shares, an increase of 24.48 percent.

In the previous trading session, the share closed up 1.40 percent or Rs 17.70 at Rs 1,277.65.

The share touched a 52-week high of Rs 1,809.00 and a 52-week low of Rs 902.05 on 01 August, 2024 and 17 March, 2025, respectively.

Currently, the stock is trading 30.59 percent below its 52-week high and 39.2 percent above its 52-week low.

Market capitalisation stands at Rs 12,147.20 crore.

#2 Power orders soared 115 percent YoY driven by large wins

#3 Despite LT motor degrowth, company took 5 percent price hike in July

#4 Focus on margin trajectory remains key

CG Power and Industrial Solutions was quoting at Rs 670.30, down Rs 10.15, or 1.49 percent.

It has touched an intraday high of Rs 692.25 and an intraday low of Rs 668.00.

It was trading with volumes of 132,129 shares, compared to its five day average of 501,758 shares, a decrease of -73.67 percent.

In the previous trading session, the share closed down 0.33 percent or Rs 2.25 at Rs 680.45.

The share touched a 52-week high of Rs 874.50 and a 52-week low of Rs 518.35 on 11 October, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 23.35 percent below its 52-week high and 29.31 percent above its 52-week low.

Market capitalisation stands at Rs 105,541.44 crore.

#2 PAT ahead of estimates due to higher other income

#3 Company retains FY26 credit cost guidance of 1.85–1.95 percent

#4 No near-term uncertainty around leadership

#5 Successor to be named closer to 2028

#2 Consultation becomes very imp, not only for monetary policy, but also for regulation making

Torrent Power was quoting at Rs 1,335.00, down Rs 20.65, or 1.52 percent.

It has touched an intraday high of Rs 1,357.80 and an intraday low of Rs 1,333.20.

It was trading with volumes of 999 shares, compared to its five day average of 12,637 shares, a decrease of -92.09 percent.

In the previous trading session, the share closed down 0.12 percent or Rs 1.65 at Rs 1,355.65.

The share touched a 52-week high of Rs 2,037.35 and a 52-week low of Rs 1,207.20 on 22 October, 2024 and 17 February, 2025, respectively.

Currently, the stock is trading 34.47 percent below its 52-week high and 10.59 percent above its 52-week low.

Market capitalisation stands at Rs 67,271.12 crore.

#2 Revenue jumps 42.3 percent to Rs 256.1 crore Vs Rs 180 crore, YoY

Aether Industries was quoting at Rs 811.60, up Rs 2.70, or 0.33 percent.

It has touched an intraday high of Rs 844.35 and an intraday low of Rs 810.00.

It was trading with volumes of 30,540 shares, compared to its five day average of 6,534 shares, an increase of 367.40 percent.

In the previous trading session, the share closed up 0.22 percent or Rs 1.80 at Rs 808.90.

The share touched a 52-week high of Rs 1,066.30 and a 52-week low of Rs 724.60 on 10 September, 2024 and 21 May, 2025, respectively.

Currently, the stock is trading 23.89 percent below its 52-week high and 12.01 percent above its 52-week low.

Market capitalisation stands at Rs 10,761.02 crore.

#2 Revenue jumps 15.4 percent to Rs 274 crore Vs Rs 237.6 crore, YoY

KFin Technologies was quoting at Rs 1,162.55, down Rs 69.95, or 5.68 percent.

It has touched an intraday high of Rs 1,205.70 and an intraday low of Rs 1,139.15.

It was trading with volumes of 85,144 shares, compared to its five day average of 48,792 shares, an increase of 74.51 percent.

In the previous trading session, the share closed down 2.31 percent or Rs 29.10 at Rs 1,232.50.

The share touched a 52-week high of Rs 1,640 and a 52-week low of Rs 766.80 on 30 December, 2024 and 26 July, 2024, respectively.

Currently, the stock is trading 29.11 percent below its 52-week high and 51.61 percent above its 52-week low.

Market capitalisation stands at Rs 20,020.09 crore.

#2 Revenue increases 2.2 percent to Rs 1,711.8 crore Vs Rs 1,675.7 crore, YoY

#2 Revenue grows 12.7 percent to Rs 14,737.5 crore Vs Rs 13,078.7 crore, YoY

REC was quoting at Rs 401.40, down Rs 3.45, or 0.85 percent.

It has touched an intraday high of Rs 408.80 and an intraday low of Rs 400.65.

It was trading with volumes of 237,901 shares, compared to its five day average of 526,423 shares, a decrease of -54.81 percent.

In the previous trading session, the share closed up 1.12 percent or Rs 4.50 at Rs 404.85.

The share touched a 52-week high of Rs 650.40 and a 52-week low of Rs 357.45 on 30 July, 2024 and 28 February, 2025, respectively.

Currently, the stock is trading 38.28 percent below its 52-week high and 12.3 percent above its 52-week low.

Market capitalisation stands at Rs 105,697.61 crore.

#2 Net interest income drops 15.7 percent to Rs 247 crore Vs Rs 293 crore, YoY

#3 Net NPA jumps to 5.6 percent Vs 4.6 percent, QoQ

#4 Gross NPA rises to 8.5 percent Vs 7.2 percent, QoQ

#2 Revenue falls 14.4 percent to Rs 852.6 crore Vs Rs 996 crore, YoY

Johnson Controls -Hitachi Air Conditioning India was quoting at Rs 1,741.90, down Rs 13.85, or 0.79 percent.

It has touched an intraday high of Rs 1,746.35 and an intraday low of Rs 1,720.05.

It was trading with volumes of 2,267 shares, compared to its five day average of 1,112 shares, an increase of 103.79 percent.

In the previous trading session, the share closed up 0.53 percent or Rs 9.20 at Rs 1,755.75.

The share touched a 52-week high of Rs 2,620.95 and a 52-week low of Rs 1,604.30 on 17 October, 2024 and 28 February, 2025, respectively.

Currently, the stock is trading 33.54 percent below its 52-week high and 8.58 percent above its 52-week low.

Market capitalisation stands at Rs 4,736.38 crore.

#2 Revenue jumps 25.6 percent to Rs 592.4 crore Vs Rs 471.8 crore, YoY

Anant Raj was quoting at Rs 591.10, up Rs 28.70, or 5.10 percent.

It has touched an intraday high of Rs 606.00 and an intraday low of Rs 574.00.

It was trading with volumes of 705,480 shares, compared to its five day average of 195,267 shares, an increase of 261.29 percent.

In the previous trading session, the share closed down 0.11 percent or Rs 0.60 at Rs 562.40.

The share touched a 52-week high of Rs 947.25 and a 52-week low of Rs 366.15 on 08 January, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 37.6 percent below its 52-week high and 61.44 percent above its 52-week low.

Market capitalisation stands at Rs 20,290.14 crore.

Sectors like textiles, leather, food processing, automobiles, pharmaceuticals and gems and jewellery, which are expected to benefit from the FTA, will be on the market radar.

The near-term market construct has turned weak. Sustained FII selling of Rs 11572 crores in the last four trading days will weigh on the market. The weakness in the broader market, particularly in smallcaps, might continue since valuations had turned excessive and difficult to justify.

#2 Revenue rises 5.4 percent to Rs 953 crore Vs Rs 904.1 crore, YoY

#3 Company to buy 49 percent stake in subsidiary Island Star Mall Developers from CPP Investments for Rs 5,449 crore

Bears will continue to have the upper hand until we have a daily close above 25340. Asian cues this morning are not too supportive while US index futures are trading higher.

#2 Revenue rises 3.8 percent to Rs 1,040.7 crore Vs Rs 1,002.2 crore, YoY

Tanla Platforms was quoting at Rs 661.00, down Rs 15.35, or 2.27 percent.

It has touched an intraday high of Rs 662.80 and an intraday low of Rs 645.05.

It was trading with volumes of 16,497 shares, compared to its five day average of 119,620 shares, a decrease of -86.21 percent.

In the previous trading session, the share closed down 0.33 percent or Rs 2.25 at Rs 676.35.

The share touched a 52-week high of Rs 1,012.75 and a 52-week low of Rs 409.40 on 31 July, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 34.73 percent below its 52-week high and 61.46 percent above its 52-week low.

Market capitalisation stands at Rs 8,898.21 crore.

It has touched an intraday high of Rs 33.59 and an intraday low of Rs 32.35.

It was trading with volumes of 2,571,303 shares, compared to its five day average of 1,395,808 shares, an increase of 84.22 percent.

In the previous trading session, the share closed up 1.68 percent or Rs 0.52 at Rs 31.52.

The share touched a 52-week high of Rs 41.49 and a 52-week low of Rs 23.20 on 31 July, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 20.03 percent below its 52-week high and 43.02 percent above its 52-week low.

Market capitalisation stands at Rs 16,908.38 crore.

It has touched an intraday high of Rs 2,751.10 and an intraday low of Rs 2,250.00.

It was trading with volumes of 6,694,163 shares, compared to its five day average of 10,428 shares, an increase of 64,094.12 percent.

In the previous trading session, the share closed down 2.73 percent or Rs 78.95 at Rs 2,809.25.

The share touched a 52-week high of Rs 2,897.95 and a 52-week low of Rs 985.45 on 22 July, 2025 and 05 August, 2024, respectively.

Currently, the stock is trading 17.56 percent below its 52-week high and 142.43 percent above its 52-week low.

Market capitalisation stands at Rs 40,576.84 crore.

It has touched an intraday high of Rs 1,999.05 and an intraday low of Rs 1,936.15.

It was trading with volumes of 19,462 shares, compared to its five day average of 32,779 shares, a decrease of -40.63 percent.

In the previous trading session, the share closed down 1.40 percent or Rs 28.90 at Rs 2,032.05.

The share touched a 52-week high of Rs 2,134.45 and a 52-week low of Rs 1,523.75 on 24 April, 2025 and 16 August, 2024, respectively.

Currently, the stock is trading 8.74 percent below its 52-week high and 27.84 percent above its 52-week low.

Market capitalisation stands at Rs 311,254.02 crore.