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Consumer durables shares advanced after declining in the past two consecutive trading sessions.
At 10:30 IST, the barometer index, the S&P BSE Sensex, climbed 789.36 points or 1.07% to 73,927.35. The Nifty 50 index soared 264.05 points or 1.19% to 22,425.65.
The broader market outperformed the frontline indices, the S&P BSE Mid-Cap index jumped 1.21% and the S&P BSE Small-Cap index surged 1.59%.
The market breadth was strong. On the BSE, 2,782 shares rose and 702 shares fell. A total of 175 shares were unchanged.
The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 10.63% to 20.37.
Buzzing Index:
The Nifty Consumer Durables index jumped 2.35% to 34,808.75. The index tumbled 4.89% in the past two consecutive trading sessions.
PG Electroplast (up 5.36%), Amber Enterprises India (up 4.24%), V-Guard Industries (up 3.74%), Titan Company (up 3.65%), Whirlpool of India (up 2.96%), Dixon Technologies (India) (up 2.18%), Bata India (up 1.76%), Cera Sanitaryware (up 0.84%), Crompton Greaves Consumer Electricals (up 0.8%) and Century Plyboards (India) (up 0.67%) advanced.
Stocks in Spotlight:
Mahindra & Mahindra (M&M) rose 0.64%. The company said that its total production jumped 23.51% to 88,701 units in the month of March 2025, compared with 71,814 units produced in the same period last year.
Titan Company rallied 3.96% after the company’s standalone revenue jumped 25% year on year (YoY) in the fourth quarter of FY25.
Lemon Tree Hotels added 1.61% after the company announced that it has signed a license agreement viz. Lemon Tree Hotel, Darjeeling.
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.
The exports surged 163.38% YoY to 4,143 units in March 2025.
Meanwhile, the company announced the incorporation of a wholly-owned subsidiary, Mahindra Advanced Technologies (MATL), with a total subscription of Rs 5 crore.
MATL, under the manufacturing and allied services category, will focus on security technologies. The formal incorporation was completed on 7 April 2025 in Mumbai, Maharashtra, following prior approval by the board on 7 February 2025.
M&M has subscribed to 50 lakh equity shares of Rs 10 each at par value, securing full ownership (100% stake) in MATL.
The Mahindra Group enjoys a leadership position in farm equipment, utility vehicles, information technology, and financial services in India. It is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality, and real estate.
The company reported a 19.06% jump in standalone net profit to Rs 2,964.31 crore in Q3 FY25 as compared with Rs 2,489.73 crore in Q3 FY24. Revenue from operations jumped 20.31% YoY to Rs 30,963.76 crore in Q3 FY25.
The scrip rose 0.65% to Rs 2,507 on the BSE.
Mahindra & Mahindra Ltd dropped for a fifth straight session today. The stock is quoting at Rs 2624.3, down 0.5% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.31% on the day, quoting at 23260.5. The Sensex is at 76308.84, down 0.4%.Mahindra & Mahindra Ltd has added around 0.42% in last one month.Meanwhile, Nifty Auto index of which Mahindra & Mahindra Ltd is a constituent, has increased around 4.51% in last one month and is currently quoting at 21408.85, down 1.06% on the day. The volume in the stock stood at 13.38 lakh shares today, compared to the daily average of 32.98 lakh shares in last one month.
The benchmark April futures contract for the stock is quoting at Rs 2632.6, down 0.7% on the day. Mahindra & Mahindra Ltd jumped 31.04% in last one year as compared to a 3.31% rally in NIFTY and a 2.17% fall in the Nifty Auto index.
The PE of the stock is 28.73 based on TTM earnings ending December 24.
Commenting on the FY25 performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra said, “We have achieved our highest ever tractor sales in F25 with a growth of 12%. This is driven by very strong retail sales across the country and lowest ever dealer channel inventory.”
Commenting on the March performance, Hemant Sikka, President – Farm Equipment Sector, Mahindra & Mahindra said “We have sold 32582 tractors in the domestic market during March' 25, a growth of 34% over last year. The tractor industry has been witnessing good momentum on account of favorable weather conditions, good reservoir levels, strong rabi outlook and positive terms of trade for farmers. Harvest season has commenced in the northern regions and is expected to progress smoothly across the country. Delivery momentum picked up in the last week of March on account of festivities and momentum is expected to continue in Q1 FY26 on expectation of very good Rabi crop harvest and improved cash flow in the hands of the farmers In the exports market, we have sold 2352 tractors, a growth of 35% over last year.”
Total sales include passenger vehicle sales of 551,487 units (up 20% YoY) and commercial vehicle sales of 354,919 units (up 4% YoY). Total sales include exports of 34,709 units (up 41% YoY).
The company said, 'The company closed the year with 551487 SUVs, the highest ever in its history, with a growth of 20%YoY. We also closed the year with the highest Vahan registrations with 20% growth (1st Apr 2024 to 31st March 2025) helping us to keep our dealer inventory levels within norms.
Some of the other key achievements for the year include being the No1 SUV player and No2 Passenger Vehicle manufacturer by revenue, crossing 50% market share in the LCV<3.5T category and scaling up international operations by 41%YoY. Mahindra also became the only Indian auto company to obtain DJSI Index world leader status this year. '
In the Utility Vehicles segment, Mahindra sold 48048 vehicles in the domestic market, a growth of 18% and overall, 50835 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 23951.
Some of the other key achievements for the year include being the No1 SUV player and No2 Passenger Vehicle manufacturer by revenue, crossing 50% market share in the LCV<3.5T category and scaling up international operations by 41%YoY. Mahindra also became the only Indian auto company to obtain DJSI Index world leader status this year.'
According to Veejay Nakra, President, Automotive Division, M&M Ltd., “In March, we sold a total of 48,048 SUVs, with a growth of 18% and 83894 total vehicles, a 23% growth over last year. We also started the deliveries of our Electric Origin SUVs, where we see a strong continued demand momentum. The year ended on a very positive note with us selling over 5 lakh SUVs in the domestic market for the first time ever.”