Defence Stocks Surge, Markets Close in Red
- Share.Market
- 8 min read
- 09 May 2025
Highlights
Headline indices closed in the red but broader markets show strength. Sensex and Nifty 50 both fell 1.1% on Friday, closing at two-week lows amid conflict with Pakistan.
Headline Indices
Sectors at a Glance
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What moved the market?
*Prices shown may have delay up-to 15 minutes
INDIA VIX
Put Call Ratio of Nifty 50 (expiry: 15th May) is 0.73
Stocks In the News
Union Bank shares rose after the company posted strong Q4 results. Net profit for Q4FY25 jumped 50.6% YoY to ₹4,985 crore, while Net Interest Income rose 1% to ₹9,514 crore. Deposits grew 7.2%, though advances declined 8.6%. For the full year, NII increased 2% to ₹37,214 crore, while net profit fell 31.8% to ₹17,987 crore.
BDLBharat Dynamics, among other defense shares surged. Amid rising geopolitical tensions between India and Pakistan, the defense stocks are expected to see increased order flow, providing a sentiment boost.
TITANTitan shares rose after Q4FY25 revenue grew 22.1% YoY to ₹13,775 crore and PAT rose 12.9% to ₹871 crore. FY25 revenue crossed ₹50,000 crore, led by strong watch, eyewear, and fragrance segments.
ZEELZee reported a 16% YoY revenue increase in Q4FY25, driven by strong syndication revenue. FY25 revenue grew 6% to ₹9,760 million.
Despite strong year-on-year growth, MCX reported a sequential decline in Q4. In Q4, revenue was up 61% YoY and PAT grew 54%. However, on a quarter-on-quarter basis, revenue fell 38.5% and PAT declined 45.1%.
India & The World
- India and Chile have signed the Terms of Reference for a Comprehensive Economic Partnership Agreement (CEPA). The agreement aims to upgrade the existing trade pact and deepen cooperation in areas like critical minerals, digital services, MSMEs, and investment.
- The rupee continued its slide on Friday, and settled at 85.58 per dollar, after falling 81 paise, its sharpest drop in over two years, amid rising India-Pakistan tensions.
- India has proposed slashing its average tariff gap with the U.S. to under 4% from nearly 13%. The offer includes zero duties on 60% of tariff lines and preferential access to 90% of U.S. goods. In return, India seeks better U.S. market access for sectors like gems, textiles, and agriculture, and parity with key allies in critical tech sectors.
- India has imposed an anti-dumping duty of up to $664/tonne on solar glass imports from China and Vietnam for five years, following a DGTR probe that found dumping was harming local manufacturers. The glass, used in solar panels, includes types like solar PV glass and low iron solar glass.
Back to Basics
P/E Ratio
The Price-to-Earnings (P/E) ratio is a simple way to value a company. It tells you how much investors are willing to pay for every ₹1 of the company’s earnings.
Why it matters:
- A high P/E could mean the stock is expensive or that investors expect high growth.
- A low P/E might signal undervaluation or slower growth prospects.
It’s best used to compare companies in the same industry.
