Markets at Noon: Nifty and Sensex Edge Higher, Defense Stocks Soar
By ScanX News Team
Indian markets show positive momentum at midday, with Nifty 50 up 0.35% and Sensex gaining 0.22%. Engineering Services and Aerospace & Defense sectors outperform, while Diamond, Gems and Jewellery sector lags. Garden Reach Shipbuilders & Engineers surges 15.83% on strong Q4 results, while Metropolis Healthcare declines 4.58% despite revenue growth. The overall market sentiment remains bullish, driven by impressive quarterly performances in select stocks.
*this image is generated using AI for illustrative purposes only.
Market Overview
As of midday on May 14, 2025, Indian markets are showing positive momentum. The Nifty 50 is trading at 24,664.20, up 85.85 points or 0.35% from its previous close. Similarly, the BSE Sensex has gained 179.91 points or 0.22%, currently standing at 81,328.13.
Sectoral Performance
Top Performing Sectors
| Sector | Change (%) |
|---|---|
| Engineering Services | 5.86% |
| Printing & Stationery | 5.42% |
| Aerospace & Defense | 4.05% |
| Castings, Forgings & Fasteners | 3.77% |
Underperforming Sectors
| Sector | Change (%) |
|---|---|
| Diamond, Gems and Jewellery | -0.16% |
| Healthcare Services | -0.07% |
Buzzing Stocks
Garden Reach Shipbuilders & Engineers: The stock surged 15.83% following impressive Q4 results. The company reported a 118.9% YoY increase in net profit to ₹244.2 crore, with revenue growing 61.7% YoY to ₹1,642 crore.
Indo Rama Synthetics: Shares jumped 19.99% after the company posted a consolidated net profit of ₹511 million in Q4, compared to a loss in the same quarter last year. Revenue increased to ₹11.98 billion from ₹9.04 billion year-over-year.
Cochin Shipyard: The stock rallied 11.15% ahead of its Q4 results announcement scheduled for May 15, 2025.
Metropolis Healthcare: Despite reporting a 19.4% YoY decrease in Q4 net profit, the stock declined 4.58%. The company's revenue increased 4.3% to ₹345.3 crore.
Albert David: Shares fell 7.13% following the announcement of Q4 results showing an EBITDA loss of ₹48 million and a net loss of ₹103 million.
Conclusion
Mid-day trading shows a positive trend in the broader market, with significant gains in the engineering and defense sectors. While some companies have seen substantial stock price increases following strong quarterly results, others have faced selling pressure due to disappointing earnings reports.
