Asian share markets dithered on Monday as the threat of imminent tariffs lurked in the background, while bitcoin surged on news it would be included in a new US strategic reserve of cryptocurrencies.

Wall Street ended higher on Friday after a choppy trading session, with Dell Technologies dipping and other tech stocks climbing after a meeting between U.S. President Donald Trump and Ukrainian counterpart Volodymyr Zelenskiy ended in disaster.

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

Source: Equitymaster

At present, the BSE Sensex is trading 115 points higher, and the NSE Nifty is trading 40 points higher.

Tech Mahindra and Grasim Industries are among the top gainers today.

Coal India, Zomato, and ONGC, on the other hand are among the top losers today.

The BSE Midcap index is trading 0.9 lower, and the BSE Smallcap index is trading 1.5% lower.

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

The rupee is trading at Rs 87.4 against the US dollar.
 

NCC 's Shares in Focus

NCC's shares are expected to be in focus on Monday, March 3, following the company's announcement of securing orders worth Rs 2.2 billion in February 2025.

The order, valued at Rs 218.82 crore (excluding GST), was awarded by the State Government under the transportation division. In an exchange filing, NCC clarified that the order does not include any internal contracts.
 

Eicher Motors Sales Climb 9%

Eicher Motors' unlisted subsidiary, VE Commercial Vehicles (VECV), reported a 9% year-on-year growth in commercial vehicle (CV) sales, reaching 8,092 units in February 2025.

Domestic sales rose by 6.2% to 7,357 units, while total exports surged 74.7% to 552 units compared to February 2024. Sales of Volvo trucks and buses stood at 183 units, marking a 2.8% year-on-year increase.

Meanwhile, Eicher Motors' monthly motorcycle sales for February 2025 stood at 90,670 units, reflecting a 19% growth from 75,935 units in the same month last year.

Sales of motorcycles with engine capacities up to 350 cc increased by 17% to 77,775 units, while those exceeding 350 cc saw a 33% jump to 12,895 units. The international business also posted a strong performance, with sales rising 23% to 9,871 units compared to 8,013 units in February 2024.

Eicher Motors, the parent company of Royal Enfield, is a global leader in the middleweight motorcycle segment. Beyond motorcycles, Eicher operates in the commercial vehicle space through its joint venture with Sweden's AB Volvo-Volvo Eicher Commercial Vehicles.

Paytm Receives Show Cause Notice

Shares of One97 Communications, the parent company of Paytm, are set to remain in focus on March 3 after the company received a show cause notice for alleged FEMA violations.

On February 28, the Enforcement Directorate issued the notice concerning Paytm's subsidiaries, Little Internet Private Limited (LIPL) and Nearbuy India Private Limited (NIPL), citing violations related to their acquisition between 2015 and 2019. The notice has been addressed to One97 Communications, its two acquired subsidiaries, and certain current and former directors and officers of these entities.

As per details shared by the company, the transactions under scrutiny include Rs 245 crore related to One97 Communications, Rs 345 crore linked to LIPL, and Rs 21 crore concerning NIPL. The company reaffirmed its commitment to transparency, governance, and regulatory compliance in all business operations.
 

ACME Solar Strong Capex Plan

ACME Solar has announced plans to invest Rs 170 billion in capital expenditure by 2026, with a strong focus on hybrid and round-the-clock renewable energy projects. The company is also exploring potential entry into the nuclear energy segment, though these plans are still at a preliminary stage.

The company aims to expand its renewable energy portfolio by integrating energy storage systems, enabling a steady supply of green power and addressing the intermittency challenges of renewable energy. ACME Solar intends to roll out its capacity expansion in two phases, beginning in April this year.

As of the nine-month period of FY25, ACME Solar's total portfolio stood at 6,970 MW, with 2,540 MW already operational and 4,430 MW under construction. Hybrid and firm dispatchable renewable energy (FDRE) projects account for 49% of its pipeline. The existing operational capacity of 2,540 MW is expected to generate an annualized EBITDA run rate of up to Rs 18 bn.

The current operational capacity off-take is split between central and state off-takers having power purchase proportions of 67 per cent and 33 per cent, respectively.

This is reflective of the growing demand for renewable energy across both the state and central governments, positioning ACME Solar as a key supplier in the country's energy transition.

ACME Solar secures long-term power purchase agreements (PPAs) of 25 years that are less susceptible to the volatility of the merchant power market.

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