Skip to content
Research Periodic Report Adani’s Profit Surge, Lupin’s USFDA Nod & Devyani’s Acquisition Headline Market Moves

Adani’s Profit Surge, Lupin’s USFDA Nod & Devyani’s Acquisition Headline Market Moves

Written by - Fisdom Research

April 24, 2025 2 minutes

Market Snapshot

  • Benchmark indices Sensex and Nifty ended lower, snapping a seven-day winning streak.
  • Profit booking by investors weighed on markets amid weak global cues and rising geopolitical tensions.
  • Disappointing earnings from Hindustan Unilever dragged FMCG stocks, dampening overall sentiment.
  • Caution ahead of April F&O expiry added to the market pressure.
  • Subdued Asian markets and renewed global uncertainty post comments by US Treasury Secretary Scott Bessent on US-China trade talks further dented sentiment.

Sectoral Trends

Sector Name % Change Sector Name % Change
NIFTY PHARMA 1.1 NIFTY OIL & GAS -0.1
NIFTY HEALTHCARE INDEX 0.4 NIFTY PSU BANK -0.2
NIFTY METAL 0.2 NIFTY PRIVATE BANK -0.2
NIFTY MEDIA 0.1 NIFTY AUTO -0.3

Top News

  • Adani Energy Solutions surged over 3% after reporting a 79% YoY jump in Q4 FY25 net profit to ₹647.15 crore, with revenue ring 35% to ₹6,374.58 crore and improved profitability metrics.
  • Lupin gained over 1% following USFDA approval for its Tolvaptan tablets, securing 180-day generic exclusivity for the $1.47 billion US market drug targeting ADPKD.
  • Devyani International approved the acquisition of an 80.72% stake in ‘Biryani by Kilo’, expanding its QSR portfolio by adding Sky Gate Hospitality as a subsidiary.

Top Gainers and Losers

Top Gainers % Change Top Losers % Change
INDUSINDBK 3.2 HINDUNILVR -4.1
ULTRACEMCO 1.9 BHARTIARTL -1.9
GRASIM 1.7 EICHERMOT -1.9

Technical Outlook: Key Indices

Indices Name Support Resistance
Nifty 24,300 23,400 – 24,500
Bank Nifty 56,000 54,500

Trade Ideas Update

  • Our trade ideas success rate has 74% over the past month, even with increased volatility in the benchmark index. Follow Trade Ideas for timely stock insights.

Please visit www.fisdom.com for a standard disclaimer

Download one of India's best wealth management apps

Join more than one million investors and take control of your wealth

Download app