Atul Profits Double; RBI Caps Forex Penalties & More
- Share.Market
- 8 min read
- 25 Apr 2025
Highlights
Benchmark indices came under the sharp selling pressure on Friday as India-Pakistan tensions escalated after the Pahalgam terror attack. The Nifty 50 closed down 0.86%, while the Sensex slipped 0.74%. Among sectoral indices, Nifty IT was the sole gainer, edging up 0.72%, while Nifty Media led the losers with a steep 3.24% drop.
Headline Indices
Sectors at a Glance
Top Gainers
| Company | Today’s Chg | LTP |
|---|---|---|
 Nifty ITNIFTY IT | +0.72%+255.15 | 35562.25 |
 Nifty FMCGNIFTY FMCG | -0.62%-355.20 | 56532.35 |
 Bank NiftyNIFTY BANK | -0.97%-537.35 | 54664.05 |
*Prices shown may have delay up-to 15 minutes
What moved the market?
*Prices shown may have delay up-to 15 minutes
Put Call Ratio of Nifty 50 (expiry: 30th Apr) is 0.71
Stocks In the News
Atul Ltd. Q4 net profit more than doubled, driven by strong revenue growth. A ₹25 dividend announcement further lifted investor sentiment.
Patel Engineering was declared the L1 bidder (Lowest Bidder) for a ₹1,318.89 crore CIDCO project to construct Kondhane Dam in Maharashtra, to be completed in 42 months using Roller Compacted Concrete technology.
InterGlobe Aviation (IndiGo) shares fell after Pakistan shut its airspace for Indian carriers, forcing longer routes for international flights amid rising India-Pakistan tensions.
Waaree Energies shares dropped after its 6-month lock-in ended, allowing 15 crore shares (53% of the total) to be traded.
VST Industries shares dropped after weak Q4 results, reporting a 40% YoY decline in net profit and lower revenue and EBITDA performance.
India & The World
- RBI simplified foreign exchange rules by capping penalties at ₹2 lakh for issues like delayed export payments, sending money abroad, or gifting high-value shares, replacing the earlier percentage-based fines.
- China is considering exempting some U.S. goods, like medical equipment and chemicals, from its 125% tariffs to ease trade war pressures.
- US 10-year Treasury yield held at 4.31% as trade tensions eased with ongoing China talks and possible tariff waivers. Hints of a Fed rate cut by June also supported market sentiment.
Back to Basics
What is Currency Depreciation?
When the rupee depreciates, it loses value against foreign currencies like the U.S. dollar.
Example: If ₹75 = $1 last year, but ₹83 = $1 today, the rupee has weakened.
Impact?
- Imports cost more (fuel, gold, electronics)
- Overseas travel and education get pricier
- Inflation pressure rises
- Positive for IT and pharma exporters because they will get a higher amount of rupees per U.S. dollar.
In short, the weaker rupee is a mixed bag, benefiting exporters, but adding pressure on sectors reliant on imports.
IPO Corner
Mainline IPO
| Company | Date | Issue Price | Minimum Investment |
| Ather Energy | Opens on April 28, 2025, and closes on April 30, 2025 | ₹304 to ₹321 per share | ₹13,984 |
SME IPO
| Company | Date | Issue Price | Minimum Investment |
| Iware Supplychain Services | Opens on April 28, 2025 to April 30, 2025 | ₹95 per share | ₹1,14,000 |
Corporate Actions
| Stock | Ex-Date | Record Date | Event Type | Event Details |
| 360 ONE WAM | 29 Apr 2025 | 29 Apr 2025 | Interim Dividend | ₹6.00 |
| Tanla Platforms | 30 Apr 2025 | 30 Apr 2025 | Interim Dividend | ₹6.00 |
| Vesuvius India | 30 Apr 2025 | 30 Apr 2025 | Final Dividend | ₹14.50 |
