Market Update
India Movers: : Dish TV, Bannari Amman, Superhouse, Regency, Suryalakshmi Cotton, DIGJAM, Panacea Biotec, Tarsons
Arun Goswami
26 Mar, 2025
Mumbai
Dish TV India Ltd. was unchanged at ₹6.09 after the satellite television services provider reported a sixteen-fold increase in net loss in the December quarter.
Consolidated revenue declined to ₹382 crore from ₹474.6 crore, net loss expanded to ₹46.5 crore from ₹2.8 crore, and diluted losses per share advanced to 24 paisa from 1 paisa a year ago.
Bannari Amman Spinning Mills Limited fell 1% to ₹30.14 after the vertically integrated textile company’s net income swung to a profit in the December quarter.
Consolidated revenue advanced to ₹213.3 crore from ₹198.7 crore, net income swung to a profit of ₹2 crore from a loss of ₹1.5 crore, and diluted earnings per share rose to an income of 12 paisa from a loss of 4 paisa a year ago.
Superhouse Ltd. dropped 0.6% to ₹149.55 after the multi-product conglomerate reported a slight increase in revenue and a 64% plunge in quarterly profit from a year ago.
Consolidated revenue advanced to ₹169.6 crore from ₹148.9 crore, net income declined to ₹0.8 crore from ₹2.2 crore, and diluted earnings per share fell to 72 paisa from ₹1.95 a year ago.
Regency Ceramics Ltd. was unchanged at ₹47 after the ceramic floor and wall tile maker reported a 46% increase in net loss in the December quarter.
Consolidated revenue increased to ₹4.4 crore from ₹0.8 crore, net loss expanded to ₹3.8 crore from ₹2.6 crore, and diluted losses per share advanced to ₹1.45 from 98 paise a year ago.
Suryalakshmi Cotton Mills Ltd. declined 1.1% to ₹62.85 after the yarn and premium denim maker reported a slight increase in revenue and net income in the December quarter.
Consolidated revenue advanced to ₹194.7 crore from ₹185.1 crore, net income increased to ₹0.9 crore from ₹0.8 crore, and diluted earnings per share rose to 49 paisa from 47 paisa a year ago.
DIGJAM Limited plunged 0.7% to ₹39 after the fabric maker for suiting and casual wear reported a decline in net income and revenue in the December quarter.
Consolidated revenue declined to ₹6.2 crore from ₹6.3 crore, after-tax profit decreased to ₹1.5 crore from a loss of ₹1.7 crore, and diluted earnings per share fell to 76 from a loss of 91 a year ago.
Panacea Biotec Ltd. advanced 1.6% to ₹439 after the health management company's net income swung to a profit in the December quarter.
Consolidated revenue advanced to ₹167.1 crore from ₹156.2 crore, net income swung to a profit of ₹4.5 crore from a loss of ₹2.2 crore, and diluted earnings per share rose to an income of 74 from a loss of 37 a year ago.
Tarsons Products Ltd. decreased 2.4% to ₹315.90 after the lab equipment maker reported a 50% decline in profit in the December quarter.
Consolidated revenue advanced to ₹9.7 crore from ₹6.5 crore, after-tax profit declined to ₹0.5 crore from ₹1 crore, and diluted earnings per share fell to 99 paisa from ₹1.9 a year ago.
India Movers: : Dish TV, Bannari Amman, Superhouse, Regency, Suryalakshmi Cotton, DIGJAM, Panacea Biotec, Tarsons
Arun Goswami
26 Mar, 2025
Mumbai
Wall Street Indexes Struggle Amid Stagflation Worries and Tariff Uncertainties
Barry Adams
25 Mar, 2025
New York City
Market rally on Wall Street appeared to fizzle out, and tariff flip-flop worry dominated market sentiment.
The S&P 500 index increased as much as 0.3%, and the Nasdaq Composite edged down a fraction amid confusion about the scope and timing of the next round of tariffs promoted by the U.S. President.
Wall Street indexes sharply rebounded on reports that the next round of tariffs, which are import taxes paid by all consumers, may not be as harsh as previously advertised.
However, the worry of economic slowdown and higher inflation resurfaced after another pronouncement from the White House suggested a sharp increase in tariffs on automobiles and pharmaceutical imports.
Market indexes have been in a tailspin over the last five weeks after the Trump administration doubled down on the import tax as the new key source of revenue for the federal government.
Despite the presidential campaign promises to lower prices, not just inflation, Trump is set to increase prices for all consumers and use that revenue to finance tax cuts for the wealthy donors.
Commodities, Currencies, Indexes, Yields
The S&P 500 index increased 0.1% to 5,770.82, the Nasdaq Composite edged up 0.1% to 18,203.11, and the Russell 2000 index was down 0.1% to 2,107.73.
The yield on 2-year Treasury notes edged higher to 4.05%, 10-year Treasury notes decreased to 4.34%, and 30-year Treasury bonds advanced to 4.68%.
WTI crude oil increased $0.54 to $69.65 a barrel, and natural gas prices edged higher by $0.01 to $3.93 a thermal unit.
Gold increased by $17.86 to $3,027.54 an ounce, and silver edged up by $0.78 to $33.71.
The dollar index, which weighs the US currency against a basket of foreign currencies, decreased by 0.27 to 103.99 and traded at a two-year high.
U.S. Stock Movers
KB Home dropped 9% to $56.52 after the home builder reported weaker-than-expected quarterly revenue and earnings.
New orders edged down 17% to 2,772 from 3,323, and deliveries fell 9% to 2,770 from 3,037 a year ago.
The average selling price increased 4% to $500,700 from $480,100, and the backlog of homes decreased 23% to 4,436 from 5,796 a year earlier.
UniFirst Corp. plunged 12.9% to $172.0 after Cintas terminated its merger talks, citing substantial differences with management.
The company had offered $275 per share in a deal that valued UniFirst at $5.3 billion.
”While we continue to believe in the merits of a transaction, we were unable to have substantive engagement with UniFirst regarding key transaction terms. We do not believe further discussions are warranted at this time,” Cintas CEO Todd Schneider said in a statement.
American Electric Power declined 1.6% to $102.52 after the company planned a secondary offering to raise as much as $2 billion.
Wall Street Indexes Struggle Amid Stagflation Worries and Tariff Uncertainties
Barry Adams
25 Mar, 2025
New York City
Market rally on Wall Street appeared to fizzle out, and tariff flip-flop worry dominated market sentiment.
The S&P 500 index increased as much as 0.3%, and the Nasdaq Composite edged down a fraction amid confusion about the scope and timing of the next round of tariffs promoted by the U.S. President.
Wall Street indexes sharply rebounded on reports that the next round of tariffs, which are import taxes paid by all consumers, may not be as harsh as previously advertised.
However, the worry of economic slowdown and higher inflation resurfaced after another pronouncement from the White House suggested a sharp increase in tariffs on automobiles and pharmaceutical imports.
Market indexes have been in a tailspin over the last five weeks after the Trump administration doubled down on the import tax as the new key source of revenue for the federal government.
Despite the presidential campaign promises to lower prices, not just inflation, Trump is set to increase prices for all consumers and use that revenue to finance tax cuts for the wealthy donors.
Commodities, Currencies, Indexes, Yields
The S&P 500 index increased 0.1% to 5,770.82, the Nasdaq Composite edged up 0.1% to 18,203.11, and the Russell 2000 index was down 0.1% to 2,107.73.
The yield on 2-year Treasury notes edged higher to 4.05%, 10-year Treasury notes decreased to 4.34%, and 30-year Treasury bonds advanced to 4.68%.
WTI crude oil increased $0.54 to $69.65 a barrel, and natural gas prices edged higher by $0.01 to $3.93 a thermal unit.
Gold increased by $17.86 to $3,027.54 an ounce, and silver edged up by $0.78 to $33.71.
The dollar index, which weighs the US currency against a basket of foreign currencies, decreased by 0.27 to 103.99 and traded at a two-year high.
U.S. Stock Movers
KB Home dropped 9% to $56.52 after the home builder reported weaker-than-expected quarterly revenue and earnings.
New orders edged down 17% to 2,772 from 3,323, and deliveries fell 9% to 2,770 from 3,037 a year ago.
The average selling price increased 4% to $500,700 from $480,100, and the backlog of homes decreased 23% to 4,436 from 5,796 a year earlier.
UniFirst Corp. plunged 12.9% to $172.0 after Cintas terminated its merger talks, citing substantial differences with management.
The company had offered $275 per share in a deal that valued UniFirst at $5.3 billion.
”While we continue to believe in the merits of a transaction, we were unable to have substantive engagement with UniFirst regarding key transaction terms. We do not believe further discussions are warranted at this time,” Cintas CEO Todd Schneider said in a statement.
American Electric Power declined 1.6% to $102.52 after the company planned a secondary offering to raise as much as $2 billion.