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Ahead of the earnings announcement, shares of CIE Automotive India closed at ₹430.00 on the BSE, up 1.8% on Thursday.

The company announced its Q4 results after-market hours. Its shares ended 0.4% higher on Thursday at ₹4,759.35 on the BSE. 

RVNL share price settled 0.85% higher on the NSE at close, quoting at ₹380.05 apiece. So far this year, the state-owned rail stock has corrected more than 11%, but the one-year return on Rail Vikas scrip is over 42%.

Promoter and FPI stakes in NSE firms plunged to multi-year lows in Q3 FY25, while DMFs and retail investors hit record highs, reshaping India’s equity ownership landscape.

The company’s adjusted earnings are forecasted to be between $2.50 to $2.60 per share, falling short of Wall Street’s expected $2.76 per share. This marked a notable slowdown compared to the previous fiscal year, where Walmart posted adjusted operating income growth of 9.7% on a constant currency basis.

Commenting on India’s trade strategy with the US, government sources said that India will quantify the impact of non-tariff barriers in trade talks with the US and will defend domestic interests in the dairy and agriculture sectors.

Here are the stocks to watch today: NTPC Green Energy, Gamco Ltd, Narayana Hrudayalaya, Tata Steel, Kotak Mahindra Prime, and more. Key announcements and actions could spark notable market shifts.

Government sources have told CNBC-TV18 that India’s tariffs exist due to its lower per capita income than developed economies, current manufacturing capacity, and an aggressive neighbourhood with excess export capacity.

The only solace for the last two trading sessions has been the recovery in the broader markets after the steep sell-off. Both the Midcap and Smallcap index outperformed the benchmark indices on Thursday, as has been the case for most of this week.

Ahead of the announcement, shares of Tata Steel closed 1.58% higher at ₹138.00 on the BSE, gaining ₹2.15 in Thursday’s session.