Asian shares are trading lower on Friday, weighed down by uncertainty over the ongoing trade war, despite a positive night for Wall Street. Concern about tariffs and trade tensions are overshadowing investors' sentiment.

US shares surged higher on Thursday, after a court ruling reinstated President Trump's tariff, with investors cautiously reacting to the news.

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

Source: Equitymaster

At present, the BSE Sensex is trading 101 points lower, and the NSE Nifty is trading 40 points lower.

Reliance Industries, Adani Ports, Nestle among the top gainers today.

Tata Motors, Infosys, and M&M, 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 media sector and the metal sector witnessing selling pressure. Meanwhile, stocks inthe  capital goods sector and the power sector are witnessing buying

The rupee is trading at Rs 85.3 against the US dollar.
 

Bajaj Auto Net Profit Drops 10%

Bajaj Auto's net profit declined 10% to Rs 1.8 billion (bn) in Q4FY25 compared to Rs 2 bn in the same quarter last year.

However, revenue rose 5.8% to Rs 122 bn in Q4FY25, driven by strong growth in commercial vehicles and electric 3-wheelers.

Bajaj Auto's EBITDA rose to 6% to Rs 24.5 bn with the EBITDA margin staying above 20% for the sixth quarter in a row.

Its export volume grew 20% year-on-year with strong growth in Latin America, Africa, Asia. However, export revenue was impacted by the suspension of KTM export due to restructuring.

The company's board of director have recommended a final dividend of Rs 210 per share of the face value of Rs 10 per share for FY25.

Bajaj Auto achieved milestone in FY25, with revenue exceeding Rs 500 bn for the first time, growing 12%, driven by record-breaking sale of vehicles and spare parts.

Bajaj Auto is a leading two-wheeler and three-wheeler manufacture based in Pune, India. It exports to 79 countries and has a significant state in KTM, a sport bike brand, owning 48% of the company.

NLC Forms JV With MAHAPREIT

NLC India's subsidiary, NIRL has partnered with Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) to enter the renewable energy sector through a joint venture.

The joint venture will develop 2000 MW of renewable energy projects (solar, wind, etc) in Maharashtra, starting with 500 MW in Phase 1 and scaling up to 5000 MW NRIL will hold 74% equity and MAHAPREIT 26%.

MAHAPREIT will help find land and support grid connection, while NRIL will prepare project plans, arrange funding and develop the renewable energy projects.

The secretary Coal, Government of India, stated that joint venture between NIRL and MAHAPREIT showcases the government's commitment to green energy partnership. This collaboration will drive sustainable growth and energy security in Maharashtra, leveraging NRIL's expertise and MAHAPREIT's regional strength.

NCL India is a Navratna under the Government of India, primarily involved in fossil fuel mining and thermal power generation. As of March 2025, the Government of India holds 72.2% stake in the company.
 

Ola Electric Mobility's Q4 Loss Widens

Ola Electric Mobility Ltd reported a consolidated net loss of Rs 0.8 bn in Q4FY25 compared to Rs 0.4 bn in the same period last year.

Q4 revenue plunge 59% to Rs 6.1 bn from Rs 15.1 last year. For FY25, revenue dropped to Rs 46.5 bn from Rs 51.3 bn.

Ola Electric aims to reduce operating cost to Rs 1.1 bn through project Lakshya and is currently at Rs 1.2 bn, expecting to reach the target by June 2025.

Ola Electric Project, Vistaar and Lakshya, have lowered its auto segment's break-even point to under 2500 units per month. This positions the company to achieve EDITRDA profitability in the auto segment by FY26.

Ola electric delivered 3,59,221 units in FY25, maintaining market leadership with a 30% market share, up from 3,29,549 units in FY24.

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