Undercooked Chickens

Author

Sean Horgan
May 23, 2025

TLDR

📈 Market Recap: May 23, 2025

On Friday, May 23, 2025, Indian equity markets rebounded sharply, with the BSE Sensex rising 769.09 points (0.95%) to close at 81,721.08, and the NSE Nifty 50 gaining 243.45 points (0.99%) to settle at 24,853.15.

Today’s Top Stories:

  1. Ashok Leyland Reports 38.4% Rise in Q4 Profit
    Ashok Leyland's Q4 net profit increased to ₹1,246 crore, driven by strong revenue performance and robust sales. $ASHOKLEY.NSE ( ▼ 0.78% ) 

  2. JSW Steel's Q4 Profit Rises 16% Despite Revenue Dip
    JSW Steel's Q4 net profit grew to ₹1,503 crore, attributed to reduced expenses and operational efficiencies. $JSWSTEEL.NSE ( ▲ 0.12% ) 

  3. Barbeque Nation's Q4 Net Loss Widens to ₹20.6 Crore
    Barbeque Nation reported a widened net loss in Q4, with revenue declining by 1.7% year-on-year. $BARBEQUE.NSE ( ▼ 2.19% ) 

  4. India's Q4 GDP Growth Accelerates to 6.8%
    India's GDP growth rose to 6.8% in Q4, fueled by improved rural consumption and moderated inflation.

  5. Private Sector Activity Hits 13-Month High in May
    India's private sector activity reached a 13-month high in May, driven by strong services sector performance.

MARKETS

Market Snapshot

Nifty 50 Index Heatmap

Top Gainers & Losers

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TOP STORIES

1. Ashok Leyland Beats Q4 Profit Estimates on Strong Heavy Vehicle Demand

DALL-E

  • Earnings Growth: Ashok Leyland reported a Q4 profit of ₹12.2 billion, surpassing analysts' expectations of ₹11.09 billion.

  • Business Drivers: The increase was driven by a 7% rise in sales of high-margin heavy commercial vehicles and reduced discounting.

  • Market Impact: Shares of Ashok Leyland gained 2.5% following the earnings announcement.

2. JSW Steel's Q4 Profit Rises 16% Despite Revenue Dip

DALL-E

  • Financial Performance: JSW Steel reported a 16% year-on-year increase in consolidated net profit to ₹1,503 crore for Q4 FY25, even as revenue declined by 3%. 

  • Strategic Implications: The profit growth was attributed to reduced expenses and operational efficiencies. 

  • Market Reaction: The company's shares showed resilience amid the broader market

3. Barbeque Nation's Q4 Net Loss Widens on Revenue Decline

DALL-E

  • Earnings Decline: Barbeque Nation reported a Q4 net loss of ₹20.61 crore, compared to a loss of ₹3.7 lakh in the same quarter last year.

  • Revenue Drop: Revenue fell 1.7% year-on-year to ₹292.7 crore, attributed to weakness in the India business.

  • Operational Highlights: Despite the loss, EBITDA remained steady at ₹54 crore with a margin of 18.4%.

4. India's Q4 GDP Growth Accelerates to 6.8%

DALL-E

  • Economic Indicator: India's GDP growth accelerated to 6.8% year-on-year in the January-March 2025 quarter, up from 6.2% in the previous quarter.

  • Growth Drivers: The uptick was driven by improved rural consumption due to better agricultural output and moderated inflation.

  • Outlook: Economists remain cautious, noting that the current uptick may be more statistical than reflective of real economic momentum.

5.  Private Sector Activity Hits 13-Month High in May

DALL-E

  • PMI Data: India's private sector activity surged to a 13-month high of 61.2 in May, up from 59.7 in April.

  • Sectoral Insights: The acceleration was driven by rapid expansion in the services sector, with robust growth in new orders and exports.

  • Business Sentiment: Despite some firms citing price pressures and geopolitical tensions, the overall outlook remains positive.

GYAANI HOT TAKES

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