Asian shares are trading higher on Thursday, despite a decline on Wall Street overnight. This comes after a US court blocked President Trump's attempt to impose board tariff on global trading partners, ruling he overstepped his authority.

US shares surged after the court rule President Trump overstepped his authority by imposing board tariffs, calling them unconstitutional.

Here's a table showing how US stocks performed on Wednesday:

Source: Equitymaster

At present, the BSE Sensex is trading 169 points higher, and the NSE Nifty is trading 46 points higher.

Infosys, Sun Pharma, and Tata Motors are among the top gainers today.

Baja Finance, Nestle, and SBI, on the other hand, are among the top losers today.

The BSE Midcap index is trading 0.1% higher, and the BSE Smallcap index is trading 0.2% higher.

Sectoral indices are trading mixed today with stocks in the telecom sector, oil & gas sector, and realty sector witness selling pressure. Meanwhile, stocks in the IT sector and the media sector are witnessing buying

The rupee is trading at Rs 85.4 against the US dollar.
 

SAIL Post 11% Jump in Net Profit

State Run Steel Authority of Indian Rail (Sail) reported a consolidated net profit of Rs 12.5 billion (bn) for Q4FY25, up from 11% to Rs 11.3 bn in the same period last year.

Its profit jumped significantly from Rs 1.4 bn last quarter due to better plant performance and lower input costs.

Despite global challenges, SAIL performed well due to strong government support and domestic demand. The company will focus on innovation, cost optimization and expansion.

SAIL Revenue rose 4.9% to Rs 293.6 bn compared to last year and 19.7% from the previous quarter.

For FY25, net profit fell 22.7% to Rs 23.7 bn, while revenue declined slightly to Rs 1,024.7 bn from 1,053.8 bn in FY24.

The company's board of directors have recommended a dividend of Rs 1.6 per share, approval of shareholders in the upcoming annual general meeting.

SAIL is a major Indian steel company with several plants, producing a wide range of steel products, primarily located in eastern and central India.
 

Finolex Announces Q4 Results & Dividend

Finolex Cables net profit increased 3% to Rs 1.9 bn in Q4, up from Rs 1.8 bn in the same quarter last year.

EBITDA rose 5.5% to Rs 1.7 bn, but margins fells to 10.7% due to commodity price volatility.

Finolex Cables reported notable growth across key segments in electrical wire rose 7%, cable jumped 50% and optical fibre cables saw a significant increase in 30%.

The company board of directors have recommended a dividend of Rs 8 per equity share for FY25, approval of shareholders in the up coming annual general meeting.

For FY25, revenue grew 6% to Rs 53.1 bn, driven growth in cables 15% and optical fibres 30%, with new product reaching Rs 2.5 bn in revenue.

Finolex cables is a leading Indian manufacturer of electrical and telecom cables, with over 50 years of experience. They offer a wide range of products and have established itself as a trusted brand in electrical solutions.

Bata India Q4 Profit Sharply Declines

Bata India reported a consolidated net profit of Rs 0.5 bn for Q4FY25, a 28% decline from Rs 0.6 bn in the same quarter in last year.

Q4 revenue from operations was Rs 7.8bn, down 1.2% from Rs 7.9 bn year-ago and 14.2% from Rs 9.2bn in Q3.

The company's Managing Director and CEO said that despite demand challenges, they gained volumes and improved inventory management. They added 19 new franchise stores, focusing on smaller towns and semi-urbans areas.

For FY25, net profit rose 46% to Rs 3.3 bn, while revenue was flat at Rs 34.8 bn in FY24.

The company's board of director have recommended a final dividend of Rs 9 per share , approval of shareholders in the upcoming annual general meeting.

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