Market Update
U.S. Movers: Asana
Scott Peters
04 Jun, 2025
New York City
Asana Inc. dropped 8% to $17.48 despite the team collaboration and work management software company reporting higher revenue in the first quarter of 2025.
Revenue jumped to $187.27 million from $172.45 million, net loss shrank to $40.02 million from a loss of $63.72 million, and diluted loss per share narrowed to 17 cents from a loss of 28 cents a year ago.
The company guided second-quarter revenue to be between $192.0 million and $194.0 million, an increase of 7% to 8% from $162.5 million, and non-GAAP net income per share between 4 cents and 5 cents, compared to a loss of 4 cents a year ago, respectively.
For the full year, the software company estimated revenue to be between $775.0 million and $790.0 million, an increase of 7% to 9% from $652.5 million, and non-GAAP net income per share of 22 cents, compared to a loss of 20 cents a year earlier, respectively.
Stock Movers: Ashok Leyland, Cello World, SML ISUZU, CSL Finance, Titagarh Rail, Niraj Cement, Granules, KNR Constructions
Arun Goswami
04 Jun, 2025
Mumbai
Ashok Leyland Ltd. was unchanged at ₹236, and the vehicle maker reported a 30% increase in net income in the fiscal fourth quarter.
Consolidated revenue in the March quarter edged higher to ₹14,695.6 crore from ₹13,542.4 crore, and after-tax profit jumped to ₹1,245.9 crore from ₹933.7 crore, and diluted earnings per share rose to ₹3.85 from ₹2.90 a year ago.
For the fiscal year 2025, revenue increased to ₹48,535.1 crore from ₹45,703.3 crore, after-tax profit advanced to ₹3,382.8 crore from ₹2,696.4 crore, and diluted earnings per share inched higher to ₹10.56 from ₹8.45 a year ago.
The company's board recommended a final dividend of ₹2 per share.
Cello World Limited plunged 0.6% to ₹597.70 despite the consumer goods company reporting a muted increase in sales and earnings in the latest quarter.
Consolidated revenue in the March quarter inched higher to ₹601.8 crore from ₹519.1 crore, and after-tax profit inched higher to ₹96.2 crore from ₹96.1 crore, and diluted earnings per share edged lower to ₹4.03 from ₹4.18 a year ago.
For the fiscal year 2025, revenue edged higher to ₹2,181.1 crore from ₹2,025.3 crore, after-tax profit increased to ₹364.6 crore from ₹356.2 crore, and diluted earnings per share soared to ₹15.50 from ₹15.60 a year ago.
The company's board recommended a final dividend of ₹1.50 per share.
SML ISUZU Ltd. decreased 1% to ₹1,893 despite the commercial vehicle manufacturer reporting a slight increase in revenue and earnings in the fiscal fourth quarter.
Consolidated revenue in the March quarter advanced to ₹773 crore from ₹681.6 crore, and after-tax profit inched higher to ₹53 crore from ₹52.3 crore, and diluted earnings per share rose to ₹36.60 from ₹36.14 a year ago.
For the fiscal year 2025, revenue edged higher to ₹2,405 crore from ₹2,201 crore, after-tax profit soared to ₹121.7 crore from ₹107.9 crore, and diluted earnings per share increased to ₹84.08 from ₹74.54 a year ago.
The company's board recommended a final dividend of ₹18 per share.
CSL Finance Ltd. gained 0.3% to ₹335.80 after the non-banking finance company reported an increase in revenue and earnings in the latest quarter.
Consolidated revenue in the March quarter edged up to ₹56.6 crore from ₹46.6 crore, and after-tax profit inched higher to ₹19 crore from ₹18.6 crore, and diluted earnings per share rose to ₹8.25 from ₹8.13 a year ago.
For the fiscal year 2025, revenue edged higher to ₹215.1 crore from ₹165.6 crore, after-tax profit increased to ₹72.1 crore from ₹63.4 crore, and diluted earnings per share soared to ₹31.29 from ₹28.27 a year ago.
The company's board recommended a dividend of ₹3 per share.
Titagarh Rail Systems Ltd. declined 1% to ₹889.50 after the railway rolling stock manufacturer and supplier reported a 19% plunge in quarterly profit from a year ago.
Consolidated revenue decreased to ₹1,035.4 crore from ₹1,067.1 crore, net income fell to ₹64.5 crore from ₹79 crore, and diluted earnings per share declined to ₹4.78 from ₹6.20 a year ago.
For the fiscal year 2025, revenue edged higher to ₹3,943.1 crore from ₹3,839.1 crore; after-tax profit edged down to ₹274.9 crore from ₹288.1 crore; and diluted earnings per share fell to ₹20.39 from ₹22.46 a year ago.
The company's board recommended a dividend of ₹2 per share.
Niraj Cement Structurals Ltd. fell 0.8% to ₹56.74 despite the infrastructure services provider reporting a 13% rise in net income in the latest quarter.
Consolidated revenue in the March quarter advanced to ₹169.3 crore from ₹135.7 crore, and after-tax profit inched higher to ₹8.5 crore from ₹7.5 crore, and diluted earnings per share declined to ₹1.35 from ₹1.87 a year ago.
For the fiscal year 2025, revenue edged higher to ₹513.5 crore from ₹478 crore, after-tax profit soared to ₹15.1 crore from ₹10.3 crore, and diluted earnings per share increased to ₹2.99 from ₹2.57 a year ago.
Granules India Ltd. rose 0.3% to ₹523 despite the pharmaceutical manufacturing company reporting a decline in revenue and profit in the March quarter.
Consolidated revenue in the March quarter inched down to ₹798.5 crore from ₹943.6 crore, after-tax profit decreased to ₹94 crore from ₹97.2 crore, and diluted earnings per share declined to ₹3.88 from ₹4.01 a year ago.
For the fiscal year 2025, revenue edged down to ₹3,070.8 crore from ₹3,760.9 crore, after-tax profit decreased to ₹319.3 crore from ₹435.9 crore, and diluted earnings per share fell to ₹13.17 from ₹17.99 a year ago.
The company's board recommended a final dividend of ₹1.50 per share.
KNR Constructions Ltd. advanced 0.6% to ₹208.50 despite the infrastructure development company reporting a 98% drop in quarterly profit from a year ago.
Consolidated revenue in the March quarter inched lower to ₹1,000.5 crore from ₹1,539.3 crore, and after-tax profit fell to ₹7.6 crore from ₹340.6 crore, and diluted earnings per share declined to ₹4.95 from ₹12.56 a year ago.
For the fiscal year 2025, revenue edged higher to ₹5,068.9 crore from ₹4,574.2 crore, after-tax profit increased to ₹1,001.9 crore from ₹753.3 crore, and diluted earnings per share soared to ₹35.62 from ₹27.64 a year ago.
The company's board recommended a final dividend of 25 paise per share.
Stock Movers: Ashok Leyland, Cello World, SML ISUZU, CSL Finance, Titagarh Rail, Niraj Cement, Granules, KNR Constructions
Arun Goswami
04 Jun, 2025
Mumbai
Ashok Leyland Ltd. was unchanged at ₹236, and the vehicle maker reported a 30% increase in net income in the fiscal fourth quarter.
Consolidated revenue in the March quarter edged higher to ₹14,695.6 crore from ₹13,542.4 crore, and after-tax profit jumped to ₹1,245.9 crore from ₹933.7 crore, and diluted earnings per share rose to ₹3.85 from ₹2.90 a year ago.
For the fiscal year 2025, revenue increased to ₹48,535.1 crore from ₹45,703.3 crore, after-tax profit advanced to ₹3,382.8 crore from ₹2,696.4 crore, and diluted earnings per share inched higher to ₹10.56 from ₹8.45 a year ago.
The company's board recommended a final dividend of ₹2 per share.
Cello World Limited plunged 0.6% to ₹597.70 despite the consumer goods company reporting a muted increase in sales and earnings in the latest quarter.
Consolidated revenue in the March quarter inched higher to ₹601.8 crore from ₹519.1 crore, and after-tax profit inched higher to ₹96.2 crore from ₹96.1 crore, and diluted earnings per share edged lower to ₹4.03 from ₹4.18 a year ago.
For the fiscal year 2025, revenue edged higher to ₹2,181.1 crore from ₹2,025.3 crore, after-tax profit increased to ₹364.6 crore from ₹356.2 crore, and diluted earnings per share soared to ₹15.50 from ₹15.60 a year ago.
The company's board recommended a final dividend of ₹1.50 per share.
SML ISUZU Ltd. decreased 1% to ₹1,893 despite the commercial vehicle manufacturer reporting a slight increase in revenue and earnings in the fiscal fourth quarter.
Consolidated revenue in the March quarter advanced to ₹773 crore from ₹681.6 crore, and after-tax profit inched higher to ₹53 crore from ₹52.3 crore, and diluted earnings per share rose to ₹36.60 from ₹36.14 a year ago.
For the fiscal year 2025, revenue edged higher to ₹2,405 crore from ₹2,201 crore, after-tax profit soared to ₹121.7 crore from ₹107.9 crore, and diluted earnings per share increased to ₹84.08 from ₹74.54 a year ago.
The company's board recommended a final dividend of ₹18 per share.
CSL Finance Ltd. gained 0.3% to ₹335.80 after the non-banking finance company reported an increase in revenue and earnings in the latest quarter.
Consolidated revenue in the March quarter edged up to ₹56.6 crore from ₹46.6 crore, and after-tax profit inched higher to ₹19 crore from ₹18.6 crore, and diluted earnings per share rose to ₹8.25 from ₹8.13 a year ago.
For the fiscal year 2025, revenue edged higher to ₹215.1 crore from ₹165.6 crore, after-tax profit increased to ₹72.1 crore from ₹63.4 crore, and diluted earnings per share soared to ₹31.29 from ₹28.27 a year ago.
The company's board recommended a dividend of ₹3 per share.
Titagarh Rail Systems Ltd. declined 1% to ₹889.50 after the railway rolling stock manufacturer and supplier reported a 19% plunge in quarterly profit from a year ago.
Consolidated revenue decreased to ₹1,035.4 crore from ₹1,067.1 crore, net income fell to ₹64.5 crore from ₹79 crore, and diluted earnings per share declined to ₹4.78 from ₹6.20 a year ago.
For the fiscal year 2025, revenue edged higher to ₹3,943.1 crore from ₹3,839.1 crore; after-tax profit edged down to ₹274.9 crore from ₹288.1 crore; and diluted earnings per share fell to ₹20.39 from ₹22.46 a year ago.
The company's board recommended a dividend of ₹2 per share.
Niraj Cement Structurals Ltd. fell 0.8% to ₹56.74 despite the infrastructure services provider reporting a 13% rise in net income in the latest quarter.
Consolidated revenue in the March quarter advanced to ₹169.3 crore from ₹135.7 crore, and after-tax profit inched higher to ₹8.5 crore from ₹7.5 crore, and diluted earnings per share declined to ₹1.35 from ₹1.87 a year ago.
For the fiscal year 2025, revenue edged higher to ₹513.5 crore from ₹478 crore, after-tax profit soared to ₹15.1 crore from ₹10.3 crore, and diluted earnings per share increased to ₹2.99 from ₹2.57 a year ago.
Granules India Ltd. rose 0.3% to ₹523 despite the pharmaceutical manufacturing company reporting a decline in revenue and profit in the March quarter.
Consolidated revenue in the March quarter inched down to ₹798.5 crore from ₹943.6 crore, after-tax profit decreased to ₹94 crore from ₹97.2 crore, and diluted earnings per share declined to ₹3.88 from ₹4.01 a year ago.
For the fiscal year 2025, revenue edged down to ₹3,070.8 crore from ₹3,760.9 crore, after-tax profit decreased to ₹319.3 crore from ₹435.9 crore, and diluted earnings per share fell to ₹13.17 from ₹17.99 a year ago.
The company's board recommended a final dividend of ₹1.50 per share.
KNR Constructions Ltd. advanced 0.6% to ₹208.50 despite the infrastructure development company reporting a 98% drop in quarterly profit from a year ago.
Consolidated revenue in the March quarter inched lower to ₹1,000.5 crore from ₹1,539.3 crore, and after-tax profit fell to ₹7.6 crore from ₹340.6 crore, and diluted earnings per share declined to ₹4.95 from ₹12.56 a year ago.
For the fiscal year 2025, revenue edged higher to ₹5,068.9 crore from ₹4,574.2 crore, after-tax profit increased to ₹1,001.9 crore from ₹753.3 crore, and diluted earnings per share soared to ₹35.62 from ₹27.64 a year ago.
The company's board recommended a final dividend of 25 paise per share.
Japan Indexes Halt 3-Day Slide, Services Growth Revised Lower In May
Akira Ito
04 Jun, 2025
Tokyo
Stocks in Tokyo halted a three-day slide following a rise in overnight trading in New York.
Investor optimism was fueled by a tech stock rally in New York in overnight trading and cautious optimism expressed by the Bank of Japan Governor.
Governor Kazuo Ueda reiterated the central bank's commitment to raise rates if economic data support the move and inflation targets are reached.
Ueda said Japan's economy is in moderate recovery, driven by strong corporate earnings and business sentiment, despite some persistent weakness.
The Japanese yen traded at 144.13 against the U.S. dollar as investors debated the Bank of Japan's next move.
The au Jibun Bank Japan Services PMI was revised higher to 51.0 in May from the preliminary estimate of 50.8 but still lower than 52.4 in April.
The service sector expanded for the second consecutive month, but the pace of expansion slowed amid U.S. tariff uncertainty.
Business outlook improved to a three-month high from the four-year low in April amid hopes of improving demand conditions.
Japan Indexes and Stocks
The Nikkei 225 Stock Average gained 1% to 37,806.68, and the broader Topix index increased 0.7% to 2,789.52.
Semiconductor equipment makers led gainers in Tokyo trading.
Tokyo Electron increased 0.5% to ¥22,515.0, Advantest Corp gained 2.2% to ¥7,433.0, and Disco Corp. added 1% to ¥32,640.0.
Japan Indexes Halt 3-Day Slide, Services Growth Revised Lower In May
Akira Ito
04 Jun, 2025
Tokyo
Stocks in Tokyo halted a three-day slide following a rise in overnight trading in New York.
Investor optimism was fueled by a tech stock rally in New York in overnight trading and cautious optimism expressed by the Bank of Japan Governor.
Governor Kazuo Ueda reiterated the central bank's commitment to raise rates if economic data support the move and inflation targets are reached.
Ueda said Japan's economy is in moderate recovery, driven by strong corporate earnings and business sentiment, despite some persistent weakness.
The Japanese yen traded at 144.13 against the U.S. dollar as investors debated the Bank of Japan's next move.
The au Jibun Bank Japan Services PMI was revised higher to 51.0 in May from the preliminary estimate of 50.8 but still lower than 52.4 in April.
The service sector expanded for the second consecutive month, but the pace of expansion slowed amid U.S. tariff uncertainty.
Business outlook improved to a three-month high from the four-year low in April amid hopes of improving demand conditions.
Japan Indexes and Stocks
The Nikkei 225 Stock Average gained 1% to 37,806.68, and the broader Topix index increased 0.7% to 2,789.52.
Semiconductor equipment makers led gainers in Tokyo trading.
Tokyo Electron increased 0.5% to ¥22,515.0, Advantest Corp gained 2.2% to ¥7,433.0, and Disco Corp. added 1% to ¥32,640.0.
China Stocks Move Higher Amid Global Shift Away from U.S. Stocks
Li Chen
04 Jun, 2025
Hong Kong
Stock market indexes in China and Hong Kong advanced amid hopes of de-escalation in trade tensions between the U.S. and China.
The Hang Seng index gained 0.7%, and the mainland-focused CSI 300 index edged up 0.3%, following the market advance in overnight trading in New York.
Stock market indexes in New York approached record highs reached earlier in the year following labor data confirming resilient market conditions.
Moreover, investors are hoping that a potential call between the leaders of the U.S. and China could smooth trade negotiations, as both parties ramped up accusations of violation of verbal agreements reached in Geneva, Switzerland, last month.
China Indexes and Stocks
The Hang Seng index added 0.7% to 23,680.73, and the CSI 300 index increased 0.3% to 3,871.88.
Electric vehicle makers advanced after the government released a program to facilitate sales in the rural area.
BYD gained 1.6% to HK $407.20, Li Auto added 0.8% to $117.40, and Geely Automobile Holdings Ltd. increased 2.4% to HK $18.26.
Ping An Insurance declined 1.5% to HK $45.80 after the company announced its plans to sell convertible bonds worth $1.5 billion, or HK $11.8 billion.
The bond sale is likely to dilute the insurance company's earnings per share in the near future.
Xiaomi Corp. saw a 1.6% increase to $54.10 following the CEO's announcement that the company expects its electric vehicle unit to turn profitable this year.
The company's electric vehicle revenue in the first quarter surged to 18.1 billion yuan from 18.4 million yuan a year ago, and a loss of 500 million yuan, according to the company's filing with the exchange.
China Stocks Move Higher Amid Global Shift Away from U.S. Stocks
Li Chen
04 Jun, 2025
Hong Kong
Stock market indexes in China and Hong Kong advanced amid hopes of de-escalation in trade tensions between the U.S. and China.
The Hang Seng index gained 0.7%, and the mainland-focused CSI 300 index edged up 0.3%, following the market advance in overnight trading in New York.
Stock market indexes in New York approached record highs reached earlier in the year following labor data confirming resilient market conditions.
Moreover, investors are hoping that a potential call between the leaders of the U.S. and China could smooth trade negotiations, as both parties ramped up accusations of violation of verbal agreements reached in Geneva, Switzerland, last month.
China Indexes and Stocks
The Hang Seng index added 0.7% to 23,680.73, and the CSI 300 index increased 0.3% to 3,871.88.
Electric vehicle makers advanced after the government released a program to facilitate sales in the rural area.
BYD gained 1.6% to HK $407.20, Li Auto added 0.8% to $117.40, and Geely Automobile Holdings Ltd. increased 2.4% to HK $18.26.
Ping An Insurance declined 1.5% to HK $45.80 after the company announced its plans to sell convertible bonds worth $1.5 billion, or HK $11.8 billion.
The bond sale is likely to dilute the insurance company's earnings per share in the near future.
Xiaomi Corp. saw a 1.6% increase to $54.10 following the CEO's announcement that the company expects its electric vehicle unit to turn profitable this year.
The company's electric vehicle revenue in the first quarter surged to 18.1 billion yuan from 18.4 million yuan a year ago, and a loss of 500 million yuan, according to the company's filing with the exchange.
U.S. Movers: Dollar General, Ollie's Bargain Outlet, Signet Jewelers
Scott Peters
03 Jun, 2025
New York City
Dollar General Corp. surged 10.7% to $107.60 after the discount retailer lifted its annual outlook.
Net sales in the fiscal first quarter ending on May 2 increased to $10.43 billion from $9.91 billion, net income jumped to $391.9 million from $363.3 million, and diluted earnings per share rose to $1.78 from $1.65 a year ago.
Same-store sales increased 2.4% in the quarter, and cash flows from operations edged up 27.6% to $847.2 million.
The company announced a quarterly cash dividend of 59 cents per share, payable on July 22 to shareholders on record on July 8.
As of May 2, total merchandise inventories, at cost, were $6.6 billion compared to $6.9 billion a year ago, a decrease of 7% on an average per-store basis.
The company guided fiscal 2025 net sales to increase between 3.7% and 4.7%, compared to $40.6 billion a year ago, and same-store sales to grow between 1.5% and 2.5%, higher than the previous estimate of 1.2% to 2.2%.
Dollar General also expects full-year diluted earnings per share to range between $5.20 and $5.80, compared to $5.11 a year earlier.
Ollie's Bargain Outlet Holdings Inc. eased 2.6% to $108.99 after the discount retailer reported first-quarter 2025 results.
Net sales jumped to $576.77 million from $508.82 million, net income edged up to $47.56 million from $46.34 million, and diluted earnings per share rose to 77 cents from 75 cents a year ago.
Comparable store sales increased 2.6% on top of 3% growth in the previous year, and the company opened 25 new stores, compared to four new stores in the same quarter last year.
The company said Ollie’s Army loyalty members increased 9.2% to more than 15.5 million in the quarter.
The discount retailer guided full-year net sales to range between $2.58 billion and $2.60 billion, compared to $2.27 billion a year earlier, and higher than the previous forecast.
The company also expects full-year comparable store sales to increase between 1.4% and 2.2%, higher than the previous estimate of 1% to 2%.
The retailer said full-year adjusted net income is estimated to be between $225 million and $232 million, or $3.65 to $3.75 per diluted share, compared to $202.4 million, or $3.28 per diluted share, a year ago.
The company plans to open 75 new stores in fiscal 2025.
Signet Jewelers Ltd. soared 17.6% to $78.60 after the diamond jewelry retailer reported better than expected fiscal first-quarter 2026 results.
Sales increased to $1.54 billion from $1.51 billion, net income swung to a profit of $33.5 million from a loss of $40.1 million, and diluted earnings per share were 78 cents, compared to a loss of 90 cents a year ago.
Same-store sales jumped 2.5% from a year earlier.
The company has announced a quarterly cash dividend of 32 cents per share for the second quarter, payable on August 22 to shareholders on record on July 25.
During the first quarter, the company repurchased approximately 2.1 million shares for $117.4 million, and subsequent to quarter end, it has repurchased approximately 235,000 additional shares for $15 million through June 2.
The company has nearly $600 million in share repurchase authorization remaining.
The jewelry retailer guided second-quarter sales to range between $1.47 billion and $1.51 billion, compared to $1.49 billion a year ago, and same-store sales to be between negative 1.5% and up 1%.
The company also estimated adjusted operating income in the second quarter to range between $53 million and $73 million, compared to $68.6 million a year earlier.
For the full year, the company estimated sales to be between $6.57 billion and $6.80 billion, compared to $6.70 billion a year earlier, and same-store sales to be between negative 2% and up 1.5%.
Adjusted operating income for the full year is expected to range between $430 million and $510 million, compared to $498.1 million a year ago.