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Birlasoft, Hindustan Copper and Manappuram Finance shares are banned from F&O trading on 8 April 2025.
Stocks to Watch:
Transformer & Rectifiers (India) will declare its quarterly result later today.
Bharat Electronics received an order worth Rs 2,210 crore for electronic warfare from the Indian Ari Force. The company received orders worth Rs 2,803 crore so far in financial year 2026.
Mahindra & Mahindra’s total production jumped 23.51% to 88,701 units in March 2025 as against 71,814 units in March 2024. Total sales increased 19.32% to 79,751 units in March 2025 as compared with 66,840 units in March 2024. The company incorporated Mahindra Advanced Technologies as a wholly owned subsidiary.
Titan Company’s standalone business saw an uptick of 25% compared to last year. Caratlane registered 22% YoY growth , driven by healthy growth in the studded portfolio.
P N Gadgil Jewellers’ consolidated revenue jumped 26% year on year (YoY). The retail segment grew 50% compared to last year while the e-commerce segment surged 244% when compared to the year-ago period.
KPI Green Energy terminated an order from Sai Bandhan Infinium for a 66.20 MW hybrid power project. The order termination is due to change in project technical requirements post receipt of order.
These systems are indigenously designed and developed by CASDIC, DRDO and manufactured by BEL.
The Combat Aircraft Systems Development & Integration Centre (CASDIC) is a DRDO lab under Defence Electronics Research Laboratory (DLRL), Hyderabad, which develops and integrates combat aircraft systems.
The electronic warfare (EV) suite comprises radar warning receiver (RWR), missile approach warning system (MAWS) and counter measure dispensing system (CMDS) which significantly enhance the combat survivability of the helicopters along with effective counter measures.
'With this, BEL has now accumulated orders totalling Rs 2,803 crore in the current financial year,” the company said in a statement.
Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry of Defence, Government of India. It manufactures electronic products and systems for the army, navy, and air force. The Government of India (GoI) remains BEL's largest shareholder with the current shareholding of 51.14%.
The company's consolidated net profit surged 52.5% to Rs 1,310.95 crore on 38.6% rise in revenue from operations to Rs 5,770.69 crore in Q3 FY25 over Q3 FY24.
At 12:30 IST, the barometer index, the S&P BSE Sensex, declined 306.04 points or 0.40% to 76,305.49. The Nifty 50 index fell 72.65 points or 0.31% to 23,259.70.
In the broader market, the S&P BSE Mid-Cap index shed 0.13% and the S&P BSE Small-Cap index added 0.39%.
The market breadth was strong. On the BSE, 2,560 shares rose and 1,191 shares fell. A total of 182 shares were unchanged.
Trump's Tariff Shock:
US President Donald Trump has announced a sweeping set of reciprocal tariffs, aiming to counter what he calls unfair trade practices. A 10% baseline tariff will be imposed on all imports starting April 5, impacting the United Kingdom, Singapore, Brazil, Australia, New Zealand, Turkey, Colombia, Argentina, El Salvador, the United Arab Emirates, and Saudi Arabia. However, around 60 countries deemed 'worst offenders'—those' that impose higher tariffs on US goods or create trade barriers—will face significantly steeper tariffs beginning April 9. These include China (54%), the European Union (20%), Vietnam (46%), Thailand (36%), Japan (24%), Cambodia (49%), South Africa (30%), and Taiwan (32%). While Canada and Mexico are exempt from these new tariffs, they remain subject to previous trade measures tied to border security and fentanyl-related concerns.
Additionally, Trump has also announced a 25% tariff on all foreign-made automobiles, set to take effect at midnight on April 3.
Importantly, no new reciprocal tariffs were announced for the pharmaceutical sector. According to a White House fact sheet, drugs and certain other products, some of which are already subject to existing tariffs, will not be affected by the latest levies. However, Trump has hinted that future tariffs on pharmaceuticals, semiconductors, and other sectors may be unveiled at a later date.
India will face a 25% tariff on steel, aluminium, and auto-related goods, and no tariffs on pharmaceuticals, semiconductors, copper, or energy products. For the remaining products, India will be taxed a reciprocal tariff of 27%.
Derivatives:
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 1.65% to 13.50. The Nifty 24 April 2025 futures were trading at 23,375.15 at a premium of 115.45 points as compared with the spot at 23,259.70.
The Nifty option chain for the 24 April 2025 expiry showed a maximum call OI of 43.7 lakh contracts at the 23,500 strike price. Maximum put OI of 46.4 lakh contracts was seen at 23,500 strike price.
Buzzing Index:
The Nifty Auto index declined 0.65% to 21,269.50. The index rallied 0.82% in the past trading session.
Balkrishna Industries (down 2.55%), Samvardhana Motherson International (down 2.28%), Bharat Forge (down 2.25%), Bajaj Auto (down 2.23%), Tata Motors (down 1.61%), Tube Investments of India (down 0.98%), Hero MotoCorp (down 0.84%), TVS Motor Company (down 0.82%), Bosch (down 0.69%) and MRF (down 0.65%) declined.
On the other hand, Maruti Suzuki India (up 0.62%), Eicher Motors (up 0.57%) and Exide Industries (up 0.13%) edged higher.
Stocks in Spotlight:
AU Small Finance Bank (SFB) rallied 3.45% after the bank's total deposits climbed 10.7% to Rs 1,24,270 crore as of 31st March 2025 as compared with Rs 1,12,260 crore as of 31st December 2024.
Bharat Electronics (BEL) added 1.70% after the company signed a contract with the Indian Air Force (IAF) valued at Rs 593.22 crore.
Kirloskar Oil Engines gained 3.13% after the company announced that it has received a prestigious order worth Rs 270 crore from the Ministry of Defence, Government of India, represented by the Indian Navy.
With this, BEL has commenced the current financial year, 2025-26, with Rs 593.22 crore in order acquisitions.
In addition to this contract, the company has successfully concluded negotiations with customers for acquiring orders worth Rs 5,000 crore.
Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry of Defence, Government of India. It manufactures electronic products and systems for the army, navy, and air force. BEL has also diversified into various areas like homeland security solutions, smart cities, e-governance solutions, space electronics including satellite integration, energy storage products including e-vehicle charging stations, solar, network & cyber security, railways & metro solutions, airport solutions, electronic voting machines, telecom products, passive night vision devices, medical electronics, composites, and software solutions. The Government of India (GoI) remains BEL's largest shareholder with the current shareholding of 51.14%.
Bharat Electronics (BEL) has achieved a turnover of around Rs.23,000 crore (Provisional & Unaudited), during the Financial Year 2024-25, against the previous year's turnover of Rs.19,820 crore registering a growth of 16%. This includes Export sales of around US$ 106 Million during FY 2024-25, as against the previous year's export turnover of US$ 92.98 Million, registering a growth of 14%.
In the fiscal year 2024-25, BEL secured orders worth Rs.18,715 crore Some of the major orders received during the year are BMPIIUpgrade, Ashwini Radar,Software Defined Radios, Data link, Multi-Function Radars, EON 51, Seekers, Anti drone system, Airport Surveillance Radar, Sonar Upgradation, Flycatcher spares, Radar upgradation, Spares and Services etc and other projects in Non-defence sector. With this, the total Order book of BEL as on 01 April 2025,stands at around Rs.71,650 crore including Export Order Book of USD 359 Million.
On 1 April 2025, the company announced total order inflows of Rs 18,715 crore for FY24-25, falling short of its Rs 25,000 crore target. During its Q3 FY25 earnings call, BEL’s management had guided analysts toward achieving this milestone, but actual inflows failed to meet expectations.
As on 1 April 2025, BEL's total order book stands at around Rs 71650 crore, including export order book of $359 million.
BEL posted a provisional and unaudited turnover of Rs 23,000 crore for FY25, reflecting a 16% growth from Rs 19,820 crore in the previous year. Export sales also saw a rise, reaching $106 million compared to $92.98 million in FY24, marking a 14% increase.
Manoj Jain, chairman & managing director, BEL, said: 'BEL strives to attain self-reliance through enhanced indigenisation efforts, expansion and modernisation, outsourcing to Indian industries including MSMEs & start-ups. BEL has rolled out strategies to maximise its global outreach and footprint in International market segments in the coming years. All these efforts will help BEL to retain its market leadership position in the strategic electronics sector.'
Bharat Electronics Limited (BEL) is a Navratna PSU under the Ministry of Defence, Government of India. It manufactures electronic products and systems for the army, navy and the air force. BEL has also diversified into various areas like homeland security solutions, smart cities, e-governance solutions, space electronics including satellite integration, energy storage products including e-vehicle charging stations, solar, network & cyber security, railways & metro solutions, airport solutions, electronic voting machines, telecom products, passive night vision devices, medical electronics, composites and software solutions. The Government of India (GoI) remains BEL's largest shareholder with the current shareholding of 51.14%.
The company's consolidated net profit surged 52.5% to Rs 1310.95 crore on 38.6% rise in revenue from operations to Rs 5770.69 crore in Q3 FY25 over Q3 FY24.
Central Bank of India fell 10.75% today to trade at Rs 36.93. The BSE PSU index is down 0.59% to quote at 17995.54. The index is up 12.36 % over last one month. Among the other constituents of the index, Rites Ltd decreased 2.67% and Bharat Electronics Ltd lost 2.62% on the day. The BSE PSU index went down 4.75 % over last one year compared to the 3.12% surge in benchmark SENSEX.
Central Bank of India has lost 12.09% over last one month compared to 12.36% gain in BSE PSU index and 4.28% rise in the SENSEX. On the BSE, 5.32 lakh shares were traded in the counter so far compared with average daily volumes of 4.35 lakh shares in the past one month. The stock hit a record high of Rs 72.99 on 03 Jun 2024. The stock hit a 52-week low of Rs 36.76 on 02 Apr 2025.
With this, BEL has commenced the current financial year 2025-26 with Rs.593.22 crore order acquisition.
Further, the company has concluded negotiations with customers for acquisition of orders worth Rs.5,000 crore.