Market Update
India Movers: Alkems Labs, Birlasoft, Cello World, Finolex Cables, Honasa Consumer, Reliance Infrastructure, Shalimar Paints, Zydus Lifesciences
Arun Goswami
25 Feb, 2025
Mumbai
The Sensex and Nifty indexes struggled to stay above the flatline, extended losses, and stayed at eight-month lows.
The Sensex index advanced by 0.4% to 74,743, and the Nifty index gained by 0.3% to 22,611.55.
On the Mumbai stock exchange, 14 stocks traded at their 52-week highs, and 93 stocks traded at their 52-week lows.
The yield on the 10-year Indian government bonds inched lower to 6.7%, and the Indian rupee hovered near a record low and traded at 86.81 against the U.S. dollar.
Honasa Consumer Ltd. increased 0.2% to ₹223.85 after the beauty and personal care online retailer reported a slight increase in revenue and a 26% plunge in quarterly profit, from a year ago, respectively.
Consolidated revenue increased to ₹488.9 crore from ₹461.8 crore, after-tax profit dropped to ₹21.5 crore from ₹28.9 crore, and diluted earnings per share fell to 66 paisa from 90 paisa a year ago.
Reliance Infrastructure Limited rose 1.2% to ₹244 despite the infrastructure company reporting a seven-fold increase in net loss in the December quarter.
Consolidated revenue advanced to ₹5,129.1 crore from ₹4,717.1 crore, net loss expanded to ₹3,298.4 crore from ₹421.2 crore, and diluted losses per share advanced to ₹5.74 from 88 paise a year ago.
Shalimar Paints dropped 0.7% to ₹112.05,and the paint and varnish maker reported net loss expanded in the December quarter.
Consolidated revenue increased to ₹149 crore from ₹147.3 crore, net loss expanded to ₹23.98 crore from ₹11.54 crore, and diluted losses per share advanced to ₹2.86 from ₹1.40 a year ago.
Zydus Lifesciences Limited decreased 0.7% to ₹884.05, despite pharma healthcare providers reporting a slight increase in revenue and net income in the December quarter.
Consolidated revenue advanced to ₹2,593.4 crore from ₹2,478.1 crore, net income increased to ₹470.6 crore from ₹450.4 crore, and diluted earnings per share rose to ₹4.68 from ₹4.45 a year ago.
Birlasoft Ltd. fell 0.7% to ₹468 after the IT services company reported a slight increase in revenue and a 28% decline in profit in the December quarter.
Consolidated revenue increased to ₹1,383.4 crore from ₹1,371.1 crore, after-tax profit fell to ₹1,169 crore from ₹1,610 crore, and diluted earnings per share decreased to ₹4.15 from ₹5.73 a year ago.
Alkem Laboratories advanced 0.3% to ₹4,622.65 after the pharmaceutical company reported a slight increase in revenue and net income in the December quarter.
Consolidated revenue advanced to ₹3,467.2 crore from ₹3,417.5 crore, net income jumped to ₹640.7 crore from ₹604.2 crore, and diluted earnings per share rose to ₹52.34 from ₹49.76 a year ago.
Finolex Cables Limited gained 0.9% to ₹910.20 despite the electrical and telecommunication cable maker reporting a marginal decline in net income and revenue in the December quarter.
Consolidated revenue decreased to ₹1,226.8 crore from ₹1,266.7 crore, after-tax profit fell to ₹147.3 crore from ₹151 crore, and diluted earnings per share declined to ₹9.63 from ₹9.87 a year ago.
Cello World Limited advanced 0.7% to ₹592.95 after the consumer goods company reported an 81% jump in its earnings in the December quarter.
Consolidated revenue advanced to ₹296.3 crore from ₹264.6 crore, net income jumped to ₹26.6 crore from ₹14.7 crore, and diluted earnings per share rose to ₹1.23 from 69 paisa a year ago.
S&P 500 Extends Losses Amid White House Chaos Fueling Stagflation Scenario
Barry Adams
24 Feb, 2025
New York City
Stock market indexes in New York extended Friday's losses amid worries of economic slowdown and rising inflation, driven by the Trump administration's drive to cut costs and pass on savings to wealthy donors.
World markets halted a multi-week rally after investors began to factor in the implications of higher tariffs on inflation and a sharp slowdown in private sector activities in February.
Businesses of all sizes are worried that the latest barrage of firing federal workers and imposing an import tax on all manufactured goods shipped from Europe and Asia will begin to negatively impact consumer demand.
Constant policy flip-flops and lack of stability in the White House, compounded by weak presidential administration, have kept multinational businesses worried about the erosion of U.S. competitiveness in the long term.
Also, the lack of immediate resolution on the Russia-Ukraine conflict also weighed on bond yields and commodity markets.
Market mood soured on Wall Street after the latest FOMC meeting minutes confirmed that policymakers are not ready to lower rates unless inflation is on a sustainable downward path.
The slowdown in U.S. private sector activities in February, driven by uncertainty related to federal government policies, also weighed on the market, extending weekly losses and halting a five-week market rally.
Earnings dominated local stock markets around the world, as several leading companies reported results this week.
In the week ahead, the U.S. statistical agency is set to confirm its second estimate of the fourth quarter GDP growth at 2.3%.
International goods trade balance, new home sales, and durable goods orders are also expected to confirm a sustained slowdown in economic activities.
On the earnings front, investors are awaiting results from Nvidia, Salesforce, Home Depot, Lowe’s, and TJX Companies.
U.S. Commodities, Currencies, Indexes, Yields
The S&P 500 index decreased 0.3% to 5,995.07, the Nasdaq Composite edged down 0.8% to 19,364.47, and the Russell 2000 index was down 0.1% to 2,194.01.
The yield on 2-year Treasury notes edged higher to 4.21%, 10-year Treasury notes decreased to 4.42%, and 30-year Treasury bonds declined to 4.67%.
WTI crude oil decreased $0.11 to $70.30 a barrel, and natural gas prices edged lower by $0.28 to $3.95 a thermal unit.
Gold increased by $4.37 to 2,938.05 an ounce, and silver edged down by $0.17 to $32.32.
The dollar index, which weighs the US currency against a basket of foreign currencies, increased 0.12 to 106.73 and traded at a two-year high.
U.S. Stock Movers
Apple Inc. decreased 0.5% to $243.31, and the popular smartphone maker said it plans to invest $500 billion in the U.S. in order to boost its artificial intelligence capabilities.
Robinhood Markets jumped 1.5% to $52.32 after the online trading platform operator said that the SEC is going to drop its investigation into its crypto unit.
Rivian Automotive Inc. eased 0.4% to $12.92 despite the electric vehicle manufacturer reporting revenue growth in the fourth quarter ending in December.
Revenue increased to $1.73 billion from $1.31 billion, net loss shrank to $744 million from a loss of $1.52 billion, and net loss per diluted share declined to 70 cents from a loss of $1.58 a year ago.
For fiscal 2025, the company estimated it would deliver between 46,000 and 51,000 vehicles, compared to 51,579 vehicles in 2024.
Capital expenditures are expected to be between $1.60 billion and $1.70 billion, compared to a negative $1.14 billion, and adjusted EBITDA is expected to be between $1.70 billion and $1.90 billion, compared to an EBITDA loss of $2.68 billion in 2024.
S&P 500 Extends Losses with Growing Possibilities of Stagflation Amid Whi
Barry Adams
24 Feb, 2025
New York City
Stock market indexes in New York extended Friday's losses amid worries of economic slowdown and rising inflation, driven by the Trump administration's drive to cut costs and pass on savings to wealthy donors.
World markets halted a multi-week rally after investors began to factor in the implications of higher tariffs on inflation and a sharp slowdown in private sector activities in February.
Businesses of all sizes are worried that the latest barrage of firing federal workers and imposing an import tax on all manufactured goods shipped from Europe and Asia will begin to negatively impact consumer demand.
Constant policy flip-flops and lack of stability in the White House, compounded by weak presidential administration, have kept multinational businesses worried about the erosion of U.S. competitiveness in the long term.
Also, the lack of immediate resolution on the Russia-Ukraine conflict also weighed on bond yields and commodity markets.
Market mood soured on Wall Street after the latest FOMC meeting minutes confirmed that policymakers are not ready to lower rates unless inflation is on a sustainable downward path.
The slowdown in U.S. private sector activities in February, driven by uncertainty related to federal government policies, also weighed on the market, extending weekly losses and halting a five-week market rally.
Earnings dominated local stock markets around the world, as several leading companies reported results this week.
In the week ahead, the U.S. statistical agency is set to confirm its second estimate of the fourth quarter GDP growth at 2.3%.
International goods trade balance, new home sales, and durable goods orders are also expected to confirm a sustained slowdown in economic activities.
On the earnings front, investors are awaiting results from Nvidia, Salesforce, Home Depot, Lowe’s, and TJX Companies.
U.S. Commodities, Currencies, Indexes, Yields
The S&P 500 index decreased 0.3% to 5,995.07, the Nasdaq Composite edged down 0.8% to 19,364.47, and the Russell 2000 index was down 0.1% to 2,194.01.
The yield on 2-year Treasury notes edged higher to 4.21%, 10-year Treasury notes decreased to 4.42%, and 30-year Treasury bonds declined to 4.67%.
WTI crude oil decreased $0.11 to $70.30 a barrel, and natural gas prices edged lower by $0.28 to $3.95 a thermal unit.
Gold increased by $4.37 to 2,938.05 an ounce, and silver edged down by $0.17 to $32.32.
The dollar index, which weighs the US currency against a basket of foreign currencies, increased 0.12 to 106.73 and traded at a two-year high.
U.S. Stock Movers
Apple Inc. decreased 0.5% to $243.31, and the popular smartphone maker said it plans to invest $500 billion in the U.S. in order to boost its artificial intelligence capabilities.
Robinhood Markets jumped 1.5% to $52.32 after the online trading platform operator said that the SEC is going to drop its investigation into its crypto unit.
Rivian Automotive Inc. eased 0.4% to $12.92 despite the electric vehicle manufacturer reporting revenue growth in the fourth quarter ending in December.
Revenue increased to $1.73 billion from $1.31 billion, net loss shrank to $744 million from a loss of $1.52 billion, and net loss per diluted share declined to 70 cents from a loss of $1.58 a year ago.
For fiscal 2025, the company estimated it would deliver between 46,000 and 51,000 vehicles, compared to 51,579 vehicles in 2024.
Capital expenditures are expected to be between $1.60 billion and $1.70 billion, compared to a negative $1.14 billion, and adjusted EBITDA is expected to be between $1.70 billion and $1.90 billion, compared to an EBITDA loss of $2.68 billion in 2024.
U.S. Movers: Apple, Live Nation Entertainment, Pool Corp., Rivian Automotive, Robinhood Markets
Scott Peters
24 Feb, 2025
New York City
Live Nation Entertainment Inc. dropped 1.9% to $149.40 after the ticket sales company reported lower revenue for the fourth quarter ending in December, impacted by weak concert sales.
Revenue declined to $5.68 billion from $5.82 billion, and consolidated operating loss expanded to $239.4 million from a loss of $81.5 million a year ago.
Revenue in full year 2024 increased to $23.15 billion from $22.73 billion, net income rose to $896.29 million from $556.89 million, and earnings per diluted share jumped to $2.74 from $1.34 a year ago.
For the first quarter of 2025, the company estimated revenue between $3.18 billion and $4.09 billion, compared to $3.8 billion in the same period in 2024.
Rivian Automotive Inc. eased 0.4% to $12.92 despite the electric vehicle manufacturer reporting revenue growth in the fourth quarter ending in December.
Revenue increased to $1.73 billion from $1.31 billion, net loss shrank to $744 million from a loss of $1.52 billion, and net loss per diluted share declined to 70 cents from a loss of $1.58 a year ago.
For fiscal 2025, the company estimated it would deliver between 46,000 and 51,000 vehicles, compared to 51,579 vehicles in 2024.
Capital expenditures are expected to be between $1.60 billion and $1.70 billion, compared to a negative $1.14 billion, and adjusted EBITDA is expected to be between $1.70 billion and $1.90 billion, compared to an EBITDA loss of $2.68 billion in 2024.
Pool Corp. eased 0.1% to $344.0 after the swimming pool equipment provider reported lower revenue in the fourth quarter ending in December.
Net sales decreased to $987.49 million from $1.00 billion, net income declined to $37.30 million from $51.44 million, and earnings per diluted share fell to 98 cents from $1.32 a year ago.
For fiscal 2025, the company estimated earnings per share between $11.08 and $11.58, compared to $11.30 per share in 2024, and a gross margin between 29.7% and 30.0%, compared to 29.7% in 2024.
Robinhood Markets jumped 1.5% to $52.32 after the online trading platform operator said that the SEC is going to drop its investigation into its crypto unit.
Apple Inc. decreased 0.5% to $243.31, and the popular smartphone maker said it plans to invest $500 billion in the U.S. in order to boost its artificial intelligence capabilities.
U.S. Movers: Apple, Live Nation Entertainment, Pool Corp., Rivian Automotive, Robinhood Markets
Scott Peters
24 Feb, 2025
New York City
Live Nation Entertainment Inc. dropped 1.9% to $149.40 after the ticket sales company reported lower revenue for the fourth quarter ending in December, impacted by weak concert sales.
Revenue declined to $5.68 billion from $5.82 billion, and consolidated operating loss expanded to $239.4 million from a loss of $81.5 million a year ago.
Revenue in full year 2024 increased to $23.15 billion from $22.73 billion, net income rose to $896.29 million from $556.89 million, and earnings per diluted share jumped to $2.74 from $1.34 a year ago.
For the first quarter of 2025, the company estimated revenue between $3.18 billion and $4.09 billion, compared to $3.8 billion in the same period in 2024.
Rivian Automotive Inc. eased 0.4% to $12.92 despite the electric vehicle manufacturer reporting revenue growth in the fourth quarter ending in December.
Revenue increased to $1.73 billion from $1.31 billion, net loss shrank to $744 million from a loss of $1.52 billion, and net loss per diluted share declined to 70 cents from a loss of $1.58 a year ago.
For fiscal 2025, the company estimated it would deliver between 46,000 and 51,000 vehicles, compared to 51,579 vehicles in 2024.
Capital expenditures are expected to be between $1.60 billion and $1.70 billion, compared to a negative $1.14 billion, and adjusted EBITDA is expected to be between $1.70 billion and $1.90 billion, compared to an EBITDA loss of $2.68 billion in 2024.
Pool Corp. eased 0.1% to $344.0 after the swimming pool equipment provider reported lower revenue in the fourth quarter ending in December.
Net sales decreased to $987.49 million from $1.00 billion, net income declined to $37.30 million from $51.44 million, and earnings per diluted share fell to 98 cents from $1.32 a year ago.
For fiscal 2025, the company estimated earnings per share between $11.08 and $11.58, compared to $11.30 per share in 2024, and a gross margin between 29.7% and 30.0%, compared to 29.7% in 2024.
Robinhood Markets jumped 1.5% to $52.32 after the online trading platform operator said that the SEC is going to drop its investigation into its crypto unit.
Apple Inc. decreased 0.5% to $243.31, and the popular smartphone maker said it plans to invest $500 billion in the U.S. in order to boost its artificial intelligence capabilities.
Conservatives In Germany to Lead Coalition Government, Far-Right Party Makes Significant Gain
Bridgette Randall
24 Feb, 2025
London
European markets edged higher as investors digested the results of the latest general election in Germany, and bond market yields stayed elevated.
Benchmark indexes in Frankfurt and London edged higher, and in Paris and Milan, they struggled to stay above the flatline in Monday's trading.
Investors generally welcomed the German election results, and the Christian Democratic Union's leader, Friedrich Merz, will head the next coalition government.
Germany's far-right party AfD made significant gains in the general election and increased its share to 20.8% of the votes, nearly doubling its support.
On the economic front, investors are awaiting inflation reports from the eurozone, Germany, France, Italy, and Spain.
On the earnings front this week, investors are looking for forward to results from Smith & Nephew, AXA, Swiss Re, Pearson plc, Allianz, Holcim BASF, Rolls Royce, Saint-Gobain and Telefonica.
Europe Indexes and Yields
The DAX index increased by 0.7% to 22,442.25, the CAC-40 index edged lower 0.2% to 8,138.91, and the FTSE 100 index advanced by 0.3% to 8,683.27.
The yield on 10-year German bonds inched higher to 2.46%, French bonds decreased to 3.21%, the UK gilts moved down to 4.56%, and Italian bonds edged lower to 3.54%.
The euro increased to $1.05; the British pound was higher at $1.26; and the U.S. dollar was lower and traded at 89.88 Swiss cents.
Brent crude decreased $0.03 to $74.40 a barrel, and the Dutch TTF natural gas was higher by €0.49 to €46.40 per MWh.
Europe Stock Movers
Just Eat Takeaway.com NV soared 54% to €19.20 after the Dutch investment company Prosus NV said it plans to acquire the company for €4.1 billion.
BayWa AG declined 2.5% to €8.58, and the Swiss investment group Energy Infrastructure Partners said it plans to increase its stake in the company to 65% from 49%.
GSK plc increased 1.3% to 1,447.50 pence after the UK-based pharmacy company launched its £2 billion stock repurchase plan.
National Grid plc increased 7.5% to 972.20 pence, and the UK-based company agreed to sell its onshore renewable assets in the U.S. to Brookfield Asset Management.
B&M European Value Retail SA decreased 9.2% to 264.23 pence, and the deep discount store chain operator said its chief executive will retire at the end of April.
The retailer also lowered its annual core profit outlook.
Conservatives In Germany to Lead Coalition Government, Far-Right Party Makes Significant Gain
Bridgette Randall
24 Feb, 2025
London
European markets edged higher as investors digested the results of the latest general election in Germany, and bond market yields stayed elevated.
Benchmark indexes in Frankfurt and London edged higher, and in Paris and Milan, they struggled to stay above the flatline in Monday's trading.
Investors generally welcomed the German election results, and the Christian Democratic Union's leader, Friedrich Merz, will head the next coalition government.
Germany's far-right party AfD made significant gains in the general election and increased its share to 20.8% of the votes, nearly doubling its support.
On the economic front, investors are awaiting inflation reports from the eurozone, Germany, France, Italy, and Spain.
On the earnings front this week, investors are looking for forward to results from Smith & Nephew, AXA, Swiss Re, Pearson plc, Allianz, Holcim BASF, Rolls Royce, Saint-Gobain and Telefonica.
Europe Indexes and Yields
The DAX index increased by 0.7% to 22,442.25, the CAC-40 index edged lower 0.2% to 8,138.91, and the FTSE 100 index advanced by 0.3% to 8,683.27.
The yield on 10-year German bonds inched higher to 2.46%, French bonds decreased to 3.21%, the UK gilts moved down to 4.56%, and Italian bonds edged lower to 3.54%.
The euro increased to $1.05; the British pound was higher at $1.26; and the U.S. dollar was lower and traded at 89.88 Swiss cents.
Brent crude decreased $0.03 to $74.40 a barrel, and the Dutch TTF natural gas was higher by €0.49 to €46.40 per MWh.
Europe Stock Movers
Just Eat Takeaway.com NV soared 54% to €19.20 after the Dutch investment company Prosus NV said it plans to acquire the company for €4.1 billion.
BayWa AG declined 2.5% to €8.58, and the Swiss investment group Energy Infrastructure Partners said it plans to increase its stake in the company to 65% from 49%.
GSK plc increased 1.3% to 1,447.50 pence after the UK-based pharmacy company launched its £2 billion stock repurchase plan.
National Grid plc increased 7.5% to 972.20 pence, and the UK-based company agreed to sell its onshore renewable assets in the U.S. to Brookfield Asset Management.
B&M European Value Retail SA decreased 9.2% to 264.23 pence, and the deep discount store chain operator said its chief executive will retire at the end of April.
The retailer also lowered its annual core profit outlook.
Europe Movers: BayWa, Just Eat Takeaway.com, Modi, Prosus, Scandic Hotels,
Inga Muller
24 Feb, 2025
Frankfurt
European markets advanced amid optimism about German elections and a rally in defense stocks.
Europe Indexes and Yields
The DAX index increased by 0.7% to 22,442.25, the CAC-40 index edged lower 0.2% to 8,138.91, and the FTSE 100 index advanced by 0.3% to 8,683.27.
The yield on 10-year German bonds inched higher to 2.46%, French bonds decreased to 3.21%, the UK gilts moved down to 4.56%, and Italian bonds edged lower to 3.54%.
The euro increased to $1.05; the British pound was higher at $1.26; and the U.S. dollar was lower and traded at 89.88 Swiss cents.
Brent crude decreased $0.03 to $74.40 a barrel, and the Dutch TTF natural gas was higher by €0.49 to €46.40 per MWh.
Recent Earnings Movers
Leonardo DRS Inc. plunged 7.5% to $28.85 despite the Italian aerospace and security company reporting a revenue increase in the fourth quarter ending in December.
Revenue climbed 6% to $981 million from $926 million, net earnings climbed 20% to $89 million from $74 million, and earnings per diluted share rose to 33 cents from 28 cents a year ago.
Bookings amounted to $1.27 billion from $1.01 billion a year earlier.
Leonardo DRS received $1.3 billion in new funded contract awards during the fourth quarter and $4.1 billion for the full year.
For fiscal 2025, the company estimated revenue between $3.42 billion and $3.52 billion, compared to $3.23 billion in 2024, and adjusted earnings per diluted share between $1.02 and $1.08, compared to 93 cents last year.
Adjusted EBITDA is expected to be between $435 million and $455 million, compared to $400 million in 2024.
The company plans to repurchase $75 million in outstanding shares, or up to 0.9% of its stock, through open market repurchases.
In addition, Leonardo DRS proposed a dividend of 9 cents a share, payable on March 27 to shareholders on record as of March 13.
This represents a dividend of 36 cents per share on an annualized basis and a yield of 1.25%, with the ex-dividend date March 13 and a payout ratio of 45.57%.
Scandic Hotels Group AB eased 0.4% to 85.65 krona after the Swedish hotel chain operator reported a slight increase in revenue for the October-December quarter.
Net sales increased 1.4% to SEK 5.49 billion from SEK 5.41 billion, net profit surged to SEK 132 million from SEK 41 million, and earnings per share rose to 60 cents from 27 cents a year ago.
Earlier this year, the company repurchased 195,000 of its shares as part of its share buyback program worth SEK 300 million.
The share buyback program runs between December 9, 2924, and March 31, 2025.
Mondi Plc. eased 2.1% to 1,238 pence after the UK-based packaging and paper group reported strong results for fiscal 2024 ending in December.
Revenue increased to €7.42 billion from €7.33 billion, net income surged to €218 million from a loss of €153 million, and earnings per diluted share rose to 49.1 cents from a loss of 31.5 cents a year ago.
The company proposed a final dividend of 46.67 cents per share for a total of €206 million, payable on May 16 to shareholders on the register as of April 4.
Last year, Mondi paid total ordinary and special dividends worth €1.08 billion, compared to €345 million in 2023.
The company returned the net proceeds from the sale of its Russian assets to shareholders by way of a special dividend of €1.60 per existing ordinary share.
Mondi said that its acquisition of packaging assets from Schumacher Packaging GmbH for €634 million is on track to complete in the first half of 2025.
Societe Bic SA increased 0.3% to €61.02 after the French disposable items maker reported lower revenue in the fourth quarter ending in December.
Net sales declined to €517.5 million from €526.1 million, net income fell to €27.0 million from €45.1 million, and group earnings per share dropped to 65 cents from €1.05 a year ago.
For fiscal 2025, the company estimated net sales growth between 4% and 6% at constant currency and an adjusted EBIT margin at 15.6%, the same level as in 2024.
BIC proposed a dividend of 3.08 per share, up 8% from 2023, and worth €127 million.
In addition, the company plans a share buyback program of up to €40 million, to be executed in 2025.
Europe Movers: BayWa, Just Eat Takeaway.com, Modi, Prosus, Scandic Hotels,
Inga Muller
24 Feb, 2025
Frankfurt
China Investors Debate Valuations Amid Rally In AI-Driven Stocks
Li Chen
24 Feb, 2025
Hong Kong
Stock market indexes in Hong Kong and China edged lower in Monday's trading after surging in the previous session.
The Hang Seng index declined 0.6%, and the CSI 300 index eased 0.2%, and investors debated earnings outlook and stretched valuation for tech companies.
The Hang Seng Index and the tech index jumped 4% and more than 6% in Friday's trading amid strong demand from foreign investors and institutional investors from the mainland.
Investors have been chasing internet platform operators in the hopes that the affordable artificial intelligence technology from Deep Seek will provide another cycle of revenue and earnings growth.
Moreover, investors welcomed Alibaba Group's announcement to invest as much as $53 billion in artificial intelligence technology and tools over the next three years.
In the year so far, to Monday's close, the CSI 300 index increased 4% and the Hang Seng index advanced 19%, and Hong Kong's benchmark index is leading world markets in 2025.
China Indexes and Stocks
The Hang Seng index decreased 0.6% to 23,341.61, and the CSI 300 index dropped 0.2% to 3,969.72.
Tech stocks were in focus in Hong Kong and Shanghai trading.
Alibaba Group decreased 2% to HK $135.70, Tencent Holdings declined 4% to HK $497.20, and Badu Inc. was unchanged at HK $89.50.
China Investors Debate Valuations Amid Rally In AI-Driven Stocks
Li Chen
24 Feb, 2025
Hong Kong
Stock market indexes in Hong Kong and China edged lower in Monday's trading after surging in the previous session.
The Hang Seng index declined 0.6%, and the CSI 300 index eased 0.2%, and investors debated earnings outlook and stretched valuation for tech companies.
The Hang Seng Index and the tech index jumped 4% and more than 6% in Friday's trading amid strong demand from foreign investors and institutional investors from the mainland.
Investors have been chasing internet platform operators in the hopes that the affordable artificial intelligence technology from Deep Seek will provide another cycle of revenue and earnings growth.
Moreover, investors welcomed Alibaba Group's announcement to invest as much as $53 billion in artificial intelligence technology and tools over the next three years.
In the year so far, to Monday's close, the CSI 300 index increased 4% and the Hang Seng index advanced 19%, and Hong Kong's benchmark index is leading world markets in 2025.
China Indexes and Stocks
The Hang Seng index decreased 0.6% to 23,341.61, and the CSI 300 index dropped 0.2% to 3,969.72.
Tech stocks were in focus in Hong Kong and Shanghai trading.
Alibaba Group decreased 2% to HK $135.70, Tencent Holdings declined 4% to HK $497.20, and Badu Inc. was unchanged at HK $89.50.
India Movers: DIC India, HDFC Bank, Hindustan Adhesive, Lupin, Siemens, Vodafone Idea
Arun Goswami
24 Feb, 2025
Mumbai
Benchmark indexes in Mumbai opened sharply lower following the weakness in Friday's trading in New York. Lingering trade uncertainties also weighed on the market sentiment.
The Sensex index declined by 1% to 74,584.81, and the Nifty index decreased by 1% to 22,570.35.
On the Mumbai stock exchange, 26 stocks traded at their 52-week highs, and 213 stocks traded at their 52-week lows.
The yield on the 10-year Indian government bonds inched lower to 6.7%, and the Indian rupee hovered near a record low and traded at 86.62 against the U.S. dollar.
Stock Movers
Hindustan Adhesives Limited dropped 4.4% to ₹343.50 despite the company reporting a slight increase in revenue and net income in the December quarter.
Consolidated revenue increased to ₹74 crore from ₹71.2 crore, after-tax profit rose to ₹4.6 crore from ₹4.5 crore, and diluted earnings per share advanced to ₹8.96 from ₹8.89 a year ago.
DIC India Limited increased 0.5% to ₹641.45 after the chemical maker's net income swung to a profit in the December quarter.
Consolidated revenue advanced to ₹223.9 crore from ₹207.6 crore, net income swung to a profit of ₹7.1 crore from a loss of ₹7.2 crore, and diluted earnings per share rose to an income of ₹7.79 from a loss of ₹7.83 a year ago.
Siemens Limited declined 2.1% to ₹4,815.65 after the technology company reported a marginal decline in revenue and a slight increase in profit in the December quarter.
Consolidated revenue decreased to ₹3,759.5 crore from ₹3,871.3 crore, net income increased to ₹614.6 crore from ₹505.7 crore, and diluted earnings per share rose to ₹17.26 from ₹14.21 a year ago.
Power Finance Corporation plunged 1.4% to ₹384.75 despite the power sector financial services provider reporting a 23% increase in net income in the December quarter.
Consolidated revenue increased to ₹26,821.8 crore from ₹23,593.4 crore, after-tax profit rose to ₹7,759.5 crore from ₹6,294.4 crore, and diluted earnings per share advanced to ₹17.66 from ₹14.33 a year ago.
VTM Limited decreased 2% to ₹198.55 despite the textile manufacturing company reporting a four-fold increase in earnings in the December quarter.
Consolidated revenue advanced to ₹104 crore from ₹52.5 crore, net income jumped to ₹18.19 crore from ₹4.16 crore, and diluted earnings per share rose to ₹4.52 from ₹1.15 a year ago.
Vodafone Idea Limited fell 2.6% to ₹8.05 after the telecommunications company reported a marginal increase in revenue and a net loss decline in the December quarter.
Consolidated revenue increased to ₹11,366.8 crore from ₹10,698 crore, net loss declined to ₹6,609.3 crore from ₹6,985.9 crore, and diluted losses per share dropped to 95 paisa from ₹1.44 a year ago.
Lupin Limited rose 1.9% to ₹1,942 after the pharmaceutical company reported a 39% jump in its earnings in the December quarter.
Consolidated revenue increased to ₹5,821.4 crore from ₹5,226.7 crore, after-tax profit rose to ₹858.8 crore from ₹618.7 crore, and diluted earnings per share jumped to ₹18.69 from ₹13.41 a year ago.
HDFC Bank Ltd. decreased 1.3% to ₹1,669 after the financial services provider reported a marginal decline in revenue and a slight increase in profit in the December quarter.
Consolidated revenue declined to ₹1,12,193 crore from ₹1,15,015 crore, net income advanced to ₹17,656.6 crore from ₹17,257.8 crore, and diluted earnings per share rose to ₹23 from ₹22.65 a year ago.
India Movers: DIC India, HDFC Bank, Hindustan Adhesive, Lupin, Siemens, Vodafone Idea
Arun Goswami
24 Feb, 2025
Mumbai
Benchmark indexes in Mumbai opened sharply lower following the weakness in Friday's trading in New York. Lingering trade uncertainties also weighed on the market sentiment.
The Sensex index declined by 1% to 74,584.81, and the Nifty index decreased by 1% to 22,570.35.
On the Mumbai stock exchange, 26 stocks traded at their 52-week highs, and 213 stocks traded at their 52-week lows.
The yield on the 10-year Indian government bonds inched lower to 6.7%, and the Indian rupee hovered near a record low and traded at 86.62 against the U.S. dollar.
Stock Movers
Hindustan Adhesives Limited dropped 4.4% to ₹343.50 despite the company reporting a slight increase in revenue and net income in the December quarter.
Consolidated revenue increased to ₹74 crore from ₹71.2 crore, after-tax profit rose to ₹4.6 crore from ₹4.5 crore, and diluted earnings per share advanced to ₹8.96 from ₹8.89 a year ago.
DIC India Limited increased 0.5% to ₹641.45 after the chemical maker's net income swung to a profit in the December quarter.
Consolidated revenue advanced to ₹223.9 crore from ₹207.6 crore, net income swung to a profit of ₹7.1 crore from a loss of ₹7.2 crore, and diluted earnings per share rose to an income of ₹7.79 from a loss of ₹7.83 a year ago.
Siemens Limited declined 2.1% to ₹4,815.65 after the technology company reported a marginal decline in revenue and a slight increase in profit in the December quarter.
Consolidated revenue decreased to ₹3,759.5 crore from ₹3,871.3 crore, net income increased to ₹614.6 crore from ₹505.7 crore, and diluted earnings per share rose to ₹17.26 from ₹14.21 a year ago.
Power Finance Corporation plunged 1.4% to ₹384.75 despite the power sector financial services provider reporting a 23% increase in net income in the December quarter.
Consolidated revenue increased to ₹26,821.8 crore from ₹23,593.4 crore, after-tax profit rose to ₹7,759.5 crore from ₹6,294.4 crore, and diluted earnings per share advanced to ₹17.66 from ₹14.33 a year ago.
VTM Limited decreased 2% to ₹198.55 despite the textile manufacturing company reporting a four-fold increase in earnings in the December quarter.
Consolidated revenue advanced to ₹104 crore from ₹52.5 crore, net income jumped to ₹18.19 crore from ₹4.16 crore, and diluted earnings per share rose to ₹4.52 from ₹1.15 a year ago.
Vodafone Idea Limited fell 2.6% to ₹8.05 after the telecommunications company reported a marginal increase in revenue and a net loss decline in the December quarter.
Consolidated revenue increased to ₹11,366.8 crore from ₹10,698 crore, net loss declined to ₹6,609.3 crore from ₹6,985.9 crore, and diluted losses per share dropped to 95 paisa from ₹1.44 a year ago.
Lupin Limited rose 1.9% to ₹1,942 after the pharmaceutical company reported a 39% jump in its earnings in the December quarter.
Consolidated revenue increased to ₹5,821.4 crore from ₹5,226.7 crore, after-tax profit rose to ₹858.8 crore from ₹618.7 crore, and diluted earnings per share jumped to ₹18.69 from ₹13.41 a year ago.
HDFC Bank Ltd. decreased 1.3% to ₹1,669 after the financial services provider reported a marginal decline in revenue and a slight increase in profit in the December quarter.
Consolidated revenue declined to ₹1,12,193 crore from ₹1,15,015 crore, net income advanced to ₹17,656.6 crore from ₹17,257.8 crore, and diluted earnings per share rose to ₹23 from ₹22.65 a year ago.
India Movers: DIC India, HDFC Bank, Hindustan Adhesive, Lupin, Siemens, Vodafone Idea
Arun Goswami
24 Feb, 2025
Mumbai
Movers: DIC India, HDFC Bank, Hindustan Adhesive, Lupin, Siemens, Vodafone Idea
Arun Goswami
24 Feb, 2025
Mumbai