Asian markets traded higher Wednesday tracking an overnight rebound on Wall Street, while several markets in the region were closed for the Lunar New Year holiday. Japan's Nikkei 225 gained 0.62%, while the Topix rose 0.39%.

US stock market ended higher on Tuesday led by a recovery in technology shares from sharp losses in the previous session.

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

Source: Equitymaster

At present, the BSE Sensex is trading 176 points higher and NSE Nifty is trading 53 points higher.

Infosys, Wipro, and Cipla are among the top gainers today.

Nestle, BPCL, and Britannia on other hand are among the top losers today.

The BSE Midcap index is trading 1.1% higher and the BSE Smallcap index is trading 1.3% higher.

Sectoral indices are trading on a mixed note today with stocks in the uto sector and IT sector witnessing buying. Meanwhile, stocks in the FMCG sector and oil & gas sector witnessing selling pressure.

The rupee is trading at Rs 86.61 against the US dollar.
 

BHEL Q3 Profit Zooms 124%

State-owned Bharat Heavy Electricals Ltd (BHEL) on Tuesday (28 January) reported a 123.5% year-on-year (YoY) jump in net profit at Rs 1.3 billion (bn) for the third quarter that ended 31 December 2024, mainly on the back of higher revenues.

In the year-ago quarter, BHEL posted a net profit of Rs 603 m.

The company's revenue from operations surged 32.2% to Rs 72.8 bn against Rs 55 bn year-on-year.

At the operating level, EBITDA jumped 40.6% to Rs 3 bn in the third quarter over Rs 2.2 bn in the same quarter in FY24.

The EBITDA margin stood at 4.2% in the reporting quarter compared to 3.9% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortization.
 

Bajaj Auto Q3 Results

Bajaj Auto Ltd., the Pune-based two-wheeler manufacturer, reported a 3.3% year-on-year increase in net profit for the third quarter of FY25, reaching Rs 21.1 bn compared to Rs 20.4 bn in the corresponding quarter of the previous year.

The company's revenue from operations rose 5.7% year-on-year to Rs 128.1 bn in Q3FY25 from Rs 121.1 bn in Q3FY24, marking its slowest profit growth in nearly two years.

The company faced headwinds in the domestic two-wheeler market, with sales declining over 10% during the quarter. Weak demand in key segments, including entry-level models and KTM premium bikes, contributed to the downturn. According to CFO Dinesh Thapar, this was largely due to the company's decision to avoid aggressive discounting strategies.

However, Bajaj Auto saw a strong recovery in exports, which surged 22% year-on-year, driving the share of exports in total sales to 42.3% from 35.2% a year ago. Meanwhile, EBITDA margins remained stable at 20.2% compared to the previous year.

Looking ahead, the company expects margin stability, with potential for expansion, driven by its electric vehicle segment, particularly the 'Chetak' electric scooter lineup, which has now turned profitable.

Bosch to Reorganise Operations

As part of a global restructuring initiative by its parent company, Robert Bosch GmbH, Bosch Limited has announced the sale of its Building Technologies business division to Keenfinity India Private Limited for Rs 5.9 bn.

The transaction, which involves the transfer of video systems, access and intrusion systems, and communication systems businesses, is expected to be completed by 1 June 2025.

The Building Technologies division currently accounts for 2.4% of Bosch Limited's turnover and 2.3% of its revenue, with a recorded turnover of Rs 3,819 million and revenue of Rs 3,864 million for the financial year ending March 31, 2024.

Keenfinity India, a wholly-owned subsidiary of Bosch Security Systems B.V. Nederland, will acquire the division as part of Bosch's broader strategy to streamline operations and optimize its business portfolio globally.
 

Exide Industries Exports Shine

Exide Industries Ltd reported a 2% year-on-year increase in net profit for the third quarter ended 31 December 2024, reaching Rs 2.5 bn. In comparison, the company posted a net profit of Rs 2.4 bn in the same quarter of the previous fiscal.

Revenue from operations saw a marginal rise of 0.2% to Rs 38.5 bn, compared to Rs 3,840.5 crore a year ago.

At the operational level, EBITDA grew by 2% year-on-year to Rs 4.5 bn from Rs 4.4 bn, with the EBITDA margin improving slightly to 11.7% from 11.5% in Q2 FY24. The company's performance was driven by strong double-digit growth in the two-wheeler and four-wheeler replacement segments, fuelled by demand in the automotive aftermarket.

Additionally, the solar segment recorded notable revenue growth, supported by government incentives and solarization initiatives.

Automotive exports remained a bright spot, benefiting from Exide's focused strategies on product portfolio expansion and go-to-market initiatives, further strengthening its presence in international markets.

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