Market Highlights

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February 26, 2025

• RAIN IND Q3 :CONS NET LOSS AT 161 CR V 1118 CR LOSS (YOY), 179 CR LOSS (QOQ)
• REVENUE DOWN 10 % AT 3675 CR (YOY) ,DOWN 7 % (QOQ)
• EBITDA OF 345.5 CR V 612 CR LOSS(YOY), 217 CR PROFIT(QOQ)
• MARGINS AT 9.4 % V -14.9 % (YOY), 5.5 % (QOQ)
• TESLA DOWN 9 %
• U.S. utility PSEG reports a 12-fold surge in data center inquiries, reaching 4,700 MW since early 2024.
• HONASA CONSUMER : SC Allows Sole Arbitrator for Authorized Distributor Agreement (“ADA”). Dispute, Overrides Dubai Case
• The Supreme Court on Feb 17, 2025, granted the Company's petition under Section 11 of the Arbitration Act, appointing a Sole Arbitrator despite an ongoing case in Dubai.
• The Court ruled arbitration could proceed under Section 8(3). RSM, absent in the proceedings, had its Delhi HC appeal lead to a suspension of Dubai's precautionary attachment.
• Meanwhile, the Company has appealed in Dubai’s Cassation Court, blocking enforcement until arbitration concludes.
• ENKEI WHEELS Q3 :CONS NET LOSS AT 2.96 CR V 2.1 CR PROFIT (YOY), 4.5 CR LOSS (QOQ)
• REVENUE DOWN 2 % AT 195 CR (YOY) ,DOWN 18 % (QOQ)
• EBITDA DOWN 62 % AT 7.84 CR (YOY),DOWN 65 %(QOQ)
• MARGINS AT 4 % V 10.4 % (YOY), 9.4 % (QOQ)
• ENKEI WHEELS; Update on ongoing updation of MAP 2 facility into MAT facility
• Co. says trial Production has been started in the month of February 2025 and Mass Production will be starting from March 2025.
• Mexico, US Planning Next Meeting – Mexico Minister Ebrard
• Walmart promoted PhonePe picks 4 i-banks to kick off mega IPO next week; eyeing up to $15 billion valuation - Mc
• UK PM Starmer: Defence Spending to Reach 2.5% of GDP
• UK Eyes 3% GDP Defense Spend, Boost to Industry – UK PM Starmer
• OIL HITS 3 MONTHS LOW , NEAR $ 72 MARK
• UK PM Starmer: I agree with Trump—we need to strengthen defense.
• PRESTIGE ESTATES: Income Tax Department is conducting a search at the Registered office and other branch offices of the Company from February 25, 2025.
• DLF ; CRISIL upgraded DLF’s long-term outlook from "Stable" to "Positive" and reaffirmed its ratings, citing strong cash flow growth, high sales, new launches, and a solid market position.
• AZAD ENGINEERING: CO. LAUNCHED QIP FOR FUND RAISING, FIXES FLOOR PRICE AT 1,303.08/SHARE
• NASDAQ RECOVERED MORE THAN 1% IN INTRADAY
• S&P 500, Nasdaq Fall for 4th Straight Day as Tesla Leads Tech Slump
• SPICEJET Q2 :CONS NET LOSS AT 457 CR V 448 CR LOSS (YOY), 158 CR PROFIT (QOQ)
• REVENUE DOWN 35 % AT 934 CR (YOY) ,DOWN 45 % (QOQ)
• EBITDA LOSS AT 356 CR v 444 CR LOSS (YOY), 53.2 CR PROFIT(QOQ)
• MARGINS AT -38.1 % V 31.1 % (YOY), 3.1 % (QOQ)
• Meta discusses $200 billion AI data center project: information
• PHARMA ; Trump Announces Actions to Make Healthcare Prices Transparent
• BSE ; SEBI fines Subsidiary Indian Clearing Corporation (ICCL) ₹5 crore for network and cyber audit lapses.
• Trump warns foreign governments to stop taxing and hindering U.S. tech firms, vowing to protect American companies in the AI revolution.
• INSURANCE; Insurers brace for legal battle over ₹2,400 crore GST claim against HDFC Life - ET
• Trump announces $5M "gold card" for immigrants, offering a premium path to U.S. citizenship.
• NSE , BSE CLOSED TODAY ON ACCOUNT OF MAHA SHIVRATRI
• Hang Seng Tech Index jumps 4% to a new three-year peak.
• JUBILANT FOODWORKS; Avinash Kant Kumar, President – CTS, Hong’s Kitchen, and SMP, resigned on Feb 25, 2025. His last day is Apr 14, 2025.
• A successor will be appointed soon.