Priyanka Tiwari
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Suspense crime, Digital Desk : Indian stock markets on May 14 registered a modest increase. The Sensex closed 182 points higher at 81,330, whereas the Nifty advanced 0.36% to 24,667. The broader indices performed better as midcap and smallcap indices increased by more than 1%.
Top Gainers: GRSE, Tata Steel, Bharti Airtel
GRSE (Garden Reach Shipbuilders & Engineers) recorded net earnings for Q4FY25 which resulted in revenues surging by 61.7% year over year to 1642 crores, leading to an increase in profits for the quarter. This caused shares to soar over 18 percent, granting them a ten month high of over 1,642 crore.
Tata Steel also performed well with a consolidated profit surpassing expectations, increasing by 117 percent to 1,200.88 crore, which caused shares to rise by five percent. Emkay Global also maintained its Buy rating with a set target price of 185.
Post Quarter 4 earnings, Bharti Aretail’s adjusted net profit rose 77%, which increases shares by three percent and drove positive sentiments from brokerage firms.
Other Key Movers
Union Bank Of India witnessed a raise of three percent during the intraday session, due to good remarks from brokers. Prabhudas Lilladher kept a Buy rating mainly due to better qualitative earnings.
Jindal Stainless saw an increase of four percent amid high expectations for their export demand and the company’s growth, which leads analysts to expect volume growth guidance to be surpassed.
Cochin Shipyard witnessed an eleven percent increase due to the country's highlighting of traditional technologies and strong defense prowess during Operation Sindoor.
Stocks Under Pressure
Tata Motors: Dropped 3% after a decline in Q4 profit. Brokerages provided split coverage, particularly with respect to the outlook for its JLR division.
Raymond: Decreased 66% as a result of the stock turning ex-date for the Raymond Realty demerger. Investors now have shares in both companies.
Asian Paints: Went down by 2% in light of news that Reliance might divest its 4.9% stake which was procured at ₹500 crore.
Cipla: Declined 2% despite a 30% increase in profit for the quarter, due to concerns on revenue loss arising from Revlimid’s exclusivity period expected to end in FY26.
Power Finance Corporation: Declined by almost 2% as state-owned power stocks languished under crucial technical marks, creating long-term worries.
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