Piramal, BSE Jump Post Q4 Results; Mazagon Dock Falls
- Share.Market
- 9 min read
- 07 May 2025
Highlights
Markets closed in the green, with the Nifty 50 up 0.14% and the Sensex rising 0.13%. Nifty Auto led sectoral gains with a 1.66% jump, followed by Consumer Durables and Realty. FMCG, Healthcare, and Pharma closed in the red.
Headline Indices
Sectors at a Glance
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What moved the market?
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INDIA VIX
Put Call Ratio of Nifty 50 (expiry: 08th May) is 0.85
Stocks In the News
Welspun Living, among other textile stocks, surged up to 16% on Wednesday as textile stocks rallied after India and the UK signed a landmark Free Trade Agreement. The deal is expected to boost Indian textile exports by removing UK import duties of 10–12% on key products like apparel and bed linens.
Piramal Enterprises shares surged after the company posted strong Q4 and FY25 results. Q4 total income rose 24% YoY to ₹1,341 crore. For FY25, total income grew 39% to ₹4,595 crore, while AUM rose 17% to ₹80,689 crore. The company reported a full-year PAT of ₹485 crore, recovering from a loss of ₹1,684 crore in FY24.
PAYTMPaytm shares rise after it reported improved Q4FY25 performance. Revenue rose 5% QoQ to ₹1,911 crore, and PAT loss narrowed sharply to ₹23 crore.
BSEBSE reported its highest-ever revenue of ₹3,236 crore in FY25, up 103% YoY, and declared a ₹23 dividend per share. Net profit jumped to ₹1,326 crore with a 41% margin. Equity derivatives and mutual fund platforms saw strong growth, with BSE maintaining 89% StAR MF market share.
Mazagon Dock shares fell on Wednesday among other defence stocks. The drop followed India’s military strikes across the border, which, despite successful execution, led to some profit booking in defence counters like Mazagon, Bharat Dynamics, and HAL after their recent surge to record highs.
India & The World
- The Cabinet Committee on Economic Affairs approved a revised SHAKTI policy to streamline coal allocation for power producers. It introduces two simplified windows: one for central and state gencos at notified prices, and another allowing all power producers to bid for coal at a premium. The move aims to reduce coal imports, support new thermal projects near coal sources, and enhance the ease of doing business in the power sector.
- India and the UK have concluded an FTA aimed at doubling trade to $120 billion by 2030. A key highlight is the Double Contribution Convention, which exempts Indian professionals temporarily working in the UK from paying dual social security contributions. This move will ease costs for Indian firms, boost competitiveness, and benefit sectors like IT and consulting. The exemption applies for three years and aligns with similar agreements India has with other countries.
- India’s exports to the US surged nearly 50% above the 12-month average in March 2025, crossing $11.2 billion and pushing total monthly trade to a record $15 billion. The spike comes amid a 90-day tariff pause and progressing trade talks. For Q1 2025, India exported $27.7 billion to the US while importing $10.5 billion, leading to a $17.2 billion trade surplus.
- The rupee weakened 18 paise to close at 84.44/$ on Tuesday as foreign banks bought dollars and Asian currencies slipped. Losses were limited by a softer dollar index. The currency touched 84.64 intraday, with traders citing possible RBI squaring of short dollar positions.
Back to Basics
Forex Reserves
Forex reserves are assets held by a country’s central bank in foreign currencies. These typically include foreign currency (like US dollars), gold, and special drawing rights (SDRs) from the IMF.
They serve as a financial cushion and are used to:
- Pay for imports and manage external debt
- Boost investor confidence in the economy
- Stabilise the local currency (like the rupee) during volatility
India’s forex reserves are managed by the RBI and have grown steadily, partly due to earnings from US treasuries and a rise in gold holdings. Strong reserves help the country handle global shocks and maintain economic stability.
Corporate Actions
| Stock | Ex-Date | Record Date | Event Type | Event Details |
| Gravita India | 08 May 2025 | 08 May 2025 | Interim Dividend | ₹6.35 |
| Oracle Financial Services Software | 08 May 2025 | 08 May 2025 | Interim Dividend | ₹265.00 |
