• Hero MotoCorp (+6.17%)

• JSW Steel (+4.82%)

• Tata Motors (+4.3%)

• Trent (+3.80%)

• Shriram Finance (3.38%)

After an incredible session on Thursday, Indian stock market indices settled at a remarkable high, with all sectoral indices settling in green. The market capitalisation of BSE-listed firms climbed ₹5 lakh crore.

Stock market in India ended on a seven-month high on Thursday as BSE SENSEX settled 1,200.18 points higher at 82,530.74, while NSE NIFTY50 closed above the 25K level at 25,062.10, up 395.20 points.

Tube Investment posted a net profit of ₹814 crore for the fourth quarter of FY25 as against ₹248 crore in the year-ago period. The company's revenue in Q4 FY25 was at ₹1,957 crore, down from ₹1,962 crore in Q4 FY24. Shares of the company remain in focus following the Q4 earnings announcement.

Shares of HDFC Bank were trading 1.17% up at ₹1,933 apiece on the NSE near the market close on Thursday, May 15. Banking stocks made a strong comeback after the NIFTY Bank index tanked in the early session.

Shares of Gujarat Mineral Development Corporation (GMDC) were trading nearly 3% higher at ₹328.20 apiece on the BSE.

The company on Thursday reported a 20.8% rise in consolidated profit at ₹226.22 crore in the quarter ended March 31, 2025.

The company had posted a consolidated profit of ₹187.24 crore in the year-ago period, GMDC said in a regulatory filing to BSE.

The consolidated income during the fourth quarter rose to ₹904.33 crore against ₹822.04 crore a year ago, the filing said.

The total expenses during the quarter rose to ₹619.44 crore as compared to ₹585.02 crore during the same quarter of the preceding fiscal, it said.

Shares of metal companies were trading with impressive gains owing to the improving macroeconomic situation globally. The NIFTY METAL index was trading 1.63% higher at 9,199.35 levels. Out of 15 components, 10 were trading in positive territory, and the rest five in the red.

Digital services provider BLS E-Services has reported a consolidated profit after tax (PAT) of ₹17.3 crore for the fourth quarter ended March 2025, a growth of 58.7% year-on-year.

The profit after tax (PAT) was ₹10.9 crore during the January-March period of 2023-24.

Total income in the quarter nearly tripled to ₹245.2 crore from ₹78.7 crore a year ago, the company said in a statement.

The growth in income was driven by higher transaction volume and value in BC business, and also due to a consolidation of Aadifidelis, acquired in November 2024, it said. EBITDA stood at ₹25.4 crore compared to ₹16 crore in Q4 FY24.

Shares of Kalpataru Projects International were trading 4% higher at ₹1,061 apiece on the NSE after the company announced a new order win worth ₹2,372 crore.

Kalpataru Projects International, along with its international subsidiaries, have secured new orders/notification of awards of around ₹2,372 crore. The company has received orders in the Power Transmission & Distribution (T&D) business in India and the overseas market. The company has also received orders in the Buildings and Factories (B&F) business in India.

Healthy buying was witnessed across-the-board in the last hour of the trade. The NIFTY AUTO index was trading over 2% higher at 23,836.15 levels. 13 out of 15 constituents were trading in the green.

Shares of Cochin Shipyard held on to morning gains in afternoon deals after it reported its March quarter earnings. Cochin Shipyard shares were trading 4.45% higher at ₹1,775.

Cochin Shipyard Q4 earnings highlights:

• Revenue rises 37% to ₹1,758 crore from ₹1,286 crore (YoY)
• Net profit rises 11% to ₹287 crore versus ₹259 crore (YoY)
• EBITDA declines 8% to ₹266 crore versus ₹288 crore (YoY)
• EBITDA margin at 15.12% versus 22.40% (YoY)

Shares of Arvind fell as much as 4.42% to hit an intraday low of ₹381 after it reported March quarter earnings.

Arvind Q4 earnings highlights

• Revenue up 7% to ₹2,220.7 crore versus ₹2,074.5 crore
• Net profit up 48% to ₹154.6 crore versus ₹104.4 crore
• EBITDA up 1% to ₹245.5 crore versus ₹242.8 crore
• Margin at 11% versus 11.7%
• Recommends dividend of ₹3.75/share

The measure of banking stocks on the National Stock Exchange, NIFTY Bank index, staged a strong rebound in afternoon trading. The NIFTY Bank index surged as much as 733 points from the day's lowest level to hit an intraday high of 55,175.75. The index earlier in the touched a low of 54,442.30.

As of 1:24 pm, NIFTY Bank index was up 289 points at 55,090.35

NIFTY Bank gainers

• ICICI Bank (0.97%)
• Axis Bank (0.90%)
• HDFC Bank (0.83%)
• Bank of Baroda (0.51%)
• Federal Bank (0.25%)

According to the report, this is specifically for the apparel and home textile sectors, which are also likely to be benefitted from the ongoing tariff by the US on various countries, as India will be taxed at lower rate than its key competing nations as per the current announcement.

Solar Industries, a defence equipment and explosives manufacturer was in the spotlight today after its shares hit a fresh 52-week high. The stock rose 1.3% to hit a new lifetime high of ₹13,910 per share on NSE.

The stock has gained nearly 5% so far in May and is up over 41% in 2025. Solar Industries is one of the leading manufacturers of industrial and military explosives, rockets, missiles and drones. The company has worldwide presence with 40 manufacturing facilities and a global footprint in 82+ countries.

The equity benchmark indices were oscillating between positive and negative territory in the afternoon deals on Thursday, May 15.

At 12:24 PM, the S&P BSE SENSEX was trading at 81,187.95, down 142.61 points, or 0.18%, while the NSE's NIFTY50 index was trading at 24,657.90, down 9 points, or 0.04%.

Here are buzzing stocks in Thursday's session

The loan, which attracted 55 lenders, is the largest syndicated loan bank group in Asia this year, which shows strong lender interest in high-quality assets amid a deal-scarce market.

The facility, signed on May 9, comprises a $2.4 billion tranche and a ¥67.7 billion ($462 million) portion, reported Bloomberg.

The gold financier on Wednesday reported a 22% jump in consolidated profit to ₹1,444 crore for the March quarter of the 2024-25 fiscal year (Q4 FY25).

The company had reported a consolidated profit after tax (PAT) of ₹1,182 crore in the year-ago period.

On a standalone basis, Muthoot Finance's net profit grew 41% to ₹1,479 crore. The gross assets under management (AUM) stood at ₹1.06 lakh crore, a year-on-year (YoY) growth of 41%.

The Indian equity benchmarks were trading lower dragged down by weakness in Infosys, Kotak Mahindra Bank, HDFC Bank, ICICI Bank, NTPC and Power Grid. As of 11:47 am, the SENSEX was down 136 points at 81,196.60 and NIFTY50 index slipped 21 points to 24,640.

NIFTY50 top gainers

• Hero MotoCorp (4.11%)
• JSW Steel (2.85%)
• Tata Motors (2.49%)
• Shriram Finance (2.21%)
• Adani Enterprises (1.19%)

NIFTY50 top losers

• Power Grid (-1.47%)
• NTPC (-1.43%)
• IndusInd Bank (-1.39%)
• Kotak Mahindra Bank (-1.06%)
• Infosys (-0.96%)

Shares of Jubilant FoodWorks, which operates pizza chain Domino's in India, fell as much as 2.58% to hit an intraday loqw of ₹675.85 after it reported March quarter earnings.

Jubilant FoodWorks on Wednesday reported a consolidated net profit of ₹49.33 crore during the March quarter.

The company's revenue from operations was ₹2,103.18 crore during the quarter, the company said in a regulatory filing. The company reported a net profit of ₹208.24 crore for the March quarter of FY24, and its revenue from operations was at ₹1,573.8 crore, it said.

JFL reported a net profit of ₹217.12 crore during the 2024-25 financial year. It was ₹400.07 crore in FY24. Its total consolidated income for FY25 was ₹8,217.07 crore as against ₹5,695.97 crore, a year earlier.

The base offer proposes to sell up to 6 lakh equity shares of the company, representing 30% of the total issued and paid-up equity share capital of Wendt India.

The floor price for the offer will be ₹6,500 per equity share. This is 38% discount to Wendt's Wednesday's closing of ₹10,460 per share.

The OFS will take place over two trading days in a separate window of the stock exchanges on May 15 and May 16.

The measure of banking stocks on the National Stock Exchange recovered partial losses in late morning deals. The NIFTY Bank index was down 0.27% or 143 points at 54,658. As many as seven out of 12 shares in the index were trading lower.

NIFTY Bank top losers

• IndusInd Bank (-1.08%)
• Kotak Mahindra Bank (-0.81%)
• HDFC Bank (-0.40%)
• Canara Bank (-0.39%)
• Axis Bank (-0.23%)

Shares of the state-run shipbuilder rose as much as 4.44% to hit an intraday high of ₹1,775 ahead of its earnings announcement due later in the day.

The quarterly revenue is expected to show moderate growth due to slow order wins and lower executions. However, the operational efficiency is expected to be strong. Going forward, the order book growth is expected to remain strong due robust order pipeline by the government on warships.

The Q3FY25 revenue for the quarter grew by 8.6% to ₹1,147 crore as against ₹1,056 crore in the previous year's similar quarter. The operating profit for the quarter declined 23% YoY to ₹237 crore as compared to ₹310 crore in the previous year's similar quarter. Similarly, the net profit for the quarter also declined by 27% YoY to ₹176 crore.

Shares of Tata Power declined as much as 1.08% to hit an intraday low of ₹392.65 a day after it reported March quarter earnings.

Its revenue from operations for Q4 FY25 stood at ₹17,095.88 crore, increasing nearly 8% from ₹15,846.58 crore recorded in the corresponding quarter of the previous fiscal.

Sequentially, profit after tax (PAT) rose 1.2% from ₹1,030.70 crore reported in Q3 FY25. The revenue of the company also saw an 11.1% quarter-on-quarter (QoQ) increase from ₹15,391.06 crore posted in the October-December period.

Shares of Royal Enfield motorcycle maker fell as much as 1.58% to hit an intraday low of ₹5,360 on the National Stock Exchange a day after it reported its March quarter earnings.

The Royal Enfield maker’s revenue from operations for Q4 FY25 stood at ₹5,241.11 crore, growing 23.1% year-on-year (YoY) from ₹4,256 crore.

The auto firm’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the quarter under review rose 11.4% YoY to ₹1,258 crore as compared to ₹1,129 crore in the corresponding quarter last fiscal year. Its margin is reported at 24% as against 26.5% YoY.

For the full financial year, Eicher Motors' net profit advanced to ₹4,734 crore in contrast to ₹4,001 crore in FY24, registering an 18% growth. Sales jumped 14% to Rs 18,870 crore in FY25 as against ₹16,536 crore in FY24.

Broader markets were outperforming their larger peers as NIFTY Midcap 100 index rose 0.21% and NIFTY Smallcap 100 index advanced 0.47%. Meanwhile, NIFTY 500 index was trading on a flat note.

NIFTY Midcap 100 gainers

• Cochin Shipyard (3.15%)
• HUDCO (2.52%)
• Supreme Industries (2.28%)
• Tata Technologies (2.05%)
• IRB Infrastructure (1.95%)

NIFTY Smallcap 100 gainers

• Zen Technologies (5%)
• JBM Auto (4.33%)
• RK Forgings (4.05%)
• Firstcry (3%)
• Credit Access Grameen (2.71%)

Seven of 15 major sector gauges compiled by the National Stock Exchange were trading lower led by the NIFTY Bank index's 0.35% fall. NIFTY Financial Services, FMCG, IT, Pharma, PSU Bank, Private Bank, Realty and Healthcare indices were also trading lower.

On the other hand, auto, metal, consumer durables and oil & gas were witnessing a mild buying interest.

Shares of trouble-hit Gensol Engineering will be in focus on Thursday, May 15, as the Indian Renewable Energy Development Agency (IREDA) filed a bankruptcy application against the firm before the National Company Law Tribunal.

As per news reports, Gensol had borrowed ₹977.75 crore from IREDA and Power Finance Corporation, out of which ₹663.89 crore was for purchasing electric vehicles for BluSmart.

India’s leading shipping company, Cochin Shipyard, is scheduled to announce its Q4FY25 earnings on May 15, Thursday. The shares traded over 7% higher on the NSE at ₹1,699 apiece. Along with the results, the company is also expected to announce a dividend for the FY25. In one of the latest developments, Cochin Shipyard signed a collaboration with Drydocks World.

The Q3FY25 revenue for the quarter grew by 8.6% to ₹1,147 crore as against ₹1,056 crore in the previous year's similar quarter. The operating profit for the quarter declined 23% YoY to ₹237 crore as compared to ₹310 crore in the previous year's similar quarter. Similarly, the net profit for the quarter also declined by 27% YoY to ₹176 crore.

Foreign institutional investors (FIIs) turned net buyers after a day's pause in the previous session on Wednesday. FIIs bought shares worth ₹931.80 crore on Wednesday a day after they sold Indian equities worth ₹476.86.

FIIs have so far this month bought shares worth ₹9,558.65 so far this month, according to NSE data.

Eicher Motors, Tata Power, Jubilant FoodWorks and Brigade Enterprises shares will be in focus as they will react to their March quarter earnings.

The Royal Enfield maker’s revenue from operations for Q4 FY25 stood at ₹5,241.11 crore, growing 23.1% year-on-year (YoY) from ₹4,256 crore.

Its revenue from operations for Q4 FY25 stood at ₹17,095.88 crore, increasing nearly 8% from ₹15,846.58 crore recorded in the corresponding quarter of the previous fiscal.

Sequentially, profit after tax (PAT) rose 1.2% from ₹1,030.70 crore reported in Q3 FY25. The revenue of the company also saw an 11.1% quarter-on-quarter (QoQ) increase from ₹15,391.06 crore posted in the October-December period.

Its revenue from operations, however, fell 14% to ₹1,460 crore as against ₹1,702 crore in the year-ago period.

The company's revenue from operations was ₹2,103.18 crore during the quarter, the company said in a regulatory filing. The company reported a net profit of ₹208.24 crore for the March quarter of FY24, and its revenue from operations was at ₹1,573.8 crore, it said.

JFL reported a net profit of ₹217.12 crore during the 2024-25 financial year. It was ₹400.07 crore in FY24. Its total consolidated income for FY25 was ₹8,217.07 crore as against ₹5,695.97 crore, a year earlier.

The company had reported a net profit of ₹113.7 crore a year ago, a company statement said. Its total income rose to ₹1,921.85 crore in the quarter from ₹1,699.20 crore in the year-ago period.

Shares of Hitachi Energy India closed 5.16% higher at ₹16,800 apiece on the NSE.

The board of directors has recommended a final dividend of 300% or ₹6 per share of face value of ₹2 each, subject to shareholders' approval at the ensuing annual general meeting.

Shares of PB Fintech, ITC Hotels, JSW Energy, Cochin Shipyard and JSW Energy among others will be in focus in trade on Thursday as they will report their March quarter earnings later in the day.

Kaynes Technology India, Endurance Technologies, Inventurus Knowledge Solutions, Crompton Greaves Consumer Electrical, SKF India, Bikaji Foods International, Inox India, PN Gadgil Jewellers, Orient Technologies, Welspun Enterprises and others are also expected to announce their earnings for Q4 FY25.

NIFTY50 crossed the 20 and 50 EMA on the 15-minute chart, indicating positive bias for expiry day trading. It also formed a descending triangle pattern on the 15-minute chart. If the index breaks out of the lower highs trendline of the triangle, it could lead to a rally towards 25,000. Similarly, a breakdown on the trendline support of 24600 could take the index towards 24,400.

On the options front, 25,000 levels hold the highest open interest on the call side, indicating strong resistance for today’s expiry. On the downside, 24,500 puts hold the highest open interest, indicating support for today's expiry.

Overnight, US markets ended their choppy session on a mixed note as gains by several big technology stocks helped temper losses.

The S&P 500 edged up 0.1% after wavering between small gains and losses much of the day. Most of the stocks in the index lost ground, but solid gains for several heavyweight technology companies like Nvidia helped counter a decline in health care and other sectors.

The Dow Jones Industrial Average slipped 0.2%, while the Nasdaq composite rose 0.7%.

Super Micro Computer surged 15.7% after signing a partnership agreement with Saudi Arabian data center company DataVolt. Advanced Micro Devices gained 4.7% after announcing a $6 billion stock buyback program.

Nvidia rose 4.2% and Google parent Alphabet added 3.7%.

Most of the Asian markets were trading lower with Japan's Nikkei declining 1.11%, Australia's S&P/ASX 200 falling 0.20%, China's Shanghai Composite down 0.30% and Hong Kong's Hang Seng trading on a flat note.

Analysts said that Asian markets took cues from weak closing of US stocks.