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Mazagon Dock Soars 10%, Cochin Shipyard Gains 11%, IRFC Rallies 8%, BHEL Up on Q4 Profit Growth
Mazagon Dock Soars 10%, Cochin Shipyard Gains 11%, IRFC Rallies 8%, BHEL Up on Q4 Profit Growth
Written by - Fisdom Research
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May 16, 2025
2 minutes
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Market Snapshot
Indian equity markets saw mixed action on May 16. After hitting a seven-month high in the previous session, the indices came under pressure, with the Nifty closing just above the 25,000 mark. However, the broader markets outperformed, as the BSE Midcap rose 0.8% and the Smallcap index gained 1%.
Sector-wise, media, power, PSU, realty, and capital goods posted strong gains of 1–1.7%, while the IT sector declined nearly 1%.
Despite Thursday’s dip, the week ended on a strong note with the Nifty and Sensex up 4% each in a broad-based rally. The standout performer was the Nifty Defence Index, which soared 11% during the week.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY REALTY
1.6
NIFTY FINANCIAL SERVICES EX-BANK
0.6
NIFTY MEDIA
1.1
NIFTY CONSUMER DURABLES
0.6
NIFTY MIDSMALL FINANCIAL SERVICES
0.9
NIFTY AUTO
0.6
NIFTY FMCG
0.7
NIFTY MIDSMALL IT & TELECOM
0.6
Top News
Mazagon Dock Shipbuilders: Soared over 10% on strong investor confidence and a bullish outlook driven by rising maritime defence needs.
Cochin Shipyard: Jumped over 11%, among the top midcap gainers, as defence stocks rallied following Indo-Pak tensions.
BHEL: Reported a 4% YoY rise in Q4 net profit to ₹504 crore, up from ₹484 crore last year.
IRFC: Rose 8% after a positive Q4; net profit fell 2.1% YoY to ₹1,682 crore, but revenue grew 3.8% to ₹6,722.83 crore.
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
BEL
3.8
BHARTIARTL
-2.8
TATACONSUM
2.0
HCLTECH
-2.1
BAJAJ-AUTO
2.0
INFY
-1.5
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
24,900
25,200
Bank Nifty
54,700
56,000
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