Market Bizzz

Sun Pharma’s Q4 consolidated net profit fell 19% YoY to ₹2,154 crore, despite an 8% rise in revenue to ₹12,959 crore. Sequentially, both profit and revenue declined. For FY25, net profit rose to ₹10,965 crore. The company reported exceptional charges related to a U.S. settlement. Shares slipped 0.7% amid mixed financial results.

ITC’s Q4 adjusted PAT rose 3% YoY to Rs 5,155 crore, driven by strong performance in the FMCG-Cigarettes and Agri Business segments. Revenue grew 10% to Rs 20,376 crore. However, some segments like FMCG-Others and Paperboards saw profit declines. The headline profit surged due to exceptional gains, keeping ITC shares in focus.

Bitcoin has crossed $110,000, reaching a new record. Optimism grew after US senate considered a stablecoin bill. Michael Saylor’s Strategy and other digital-asset firms are buying Bitcoin. Some companies are using bonds and stocks to fund purchases. Traders are focusing on Bitcoin positions expiring in June. Experts suggest a sustained break above $110,000 could lead to $125,000.

Rail Vikas Nigam Limited (RVNL) reported a 4% YoY decline in Q4 net profit to Rs 459 crore, with revenue down 4.3%. Despite a slight dip in EBITDA margin, RVNL declared a final dividend of Rs 1.72 per share. Analysts remain cautious, with an average target price of Rs 339 and a ‘Sell’ consensus rating.

Dixon Technologies posted a stellar Q4 performance with PAT soaring 322% YoY to Rs 401 crore, driven by a 121% revenue jump to Rs 10,293 crore. Operating profit grew 143%, supported by a Rs 250 crore exceptional gain. For FY25, revenue rose 120% to Rs 38,860 crore, while PAT nearly tripled to Rs 1,096 crore, reflecting strong demand and improved margins.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

The outlook by most of the businesses also continue to be fairly optimistic. So, if one selects a decent set of companies, it will not be very difficult to generate a 15% to 20% earnings growth at the portfolio level for the next two years.

Waaree Energies will be in focus after board approval to acquire Kamath Transformers for Rs 293 crore and Green New Delhi Forever Energy for Rs 1 lakh per share. Both acquisitions, aimed at business expansion, are expected to complete in FY26 and will be funded through cash. The stock trades above key moving averages despite a ‘Sell’ rating with a 12% downside target.

Jigar Mistry of Buoyant Capital favors healthcare, materials, chemicals, and banking sectors, preferring large-cap private banks over PSU banks. He remains positive on both generic and CDMO pharma segments, dismissing tariff concerns. Mistry believes valuations are elevated, especially for narrative-driven stocks lacking earnings, advocating for a focus on fundamentals over market flows.