Best Sugar Stocks in India in April 2025 – Based on 5Y CAGR

India, the world’s second-largest sugar producer after Brazil, has a thriving sugar industry that plays a crucial role in the rural economy. Sugarcane cultivation is concentrated in nine key states, including Uttar Pradesh, Maharashtra, Karnataka, and Tamil Nadu. 

The rising demand for sugar across industries such as food, beverages, and confectionery continues to drive growth. In this article, we analyse the top sugar stocks for April 2025 based on their 5-year CAGR.

Best Sugar Stocks in India Based on 5 Yr CAGR 

Name Market Cap (₹ Crore) ↓5Y CAGR (%) PE Ratio
Piccadily Agro Industries Ltd 5,490.07 154.79 50.02
Gayatri Sugars Ltd 64.65 81.87 9.20
Triveni Engineering and Industries Ltd 8,294.04 58.23 20.99
Magadh Sugar & Energy Ltd 937.38 57.40 8.05
Dalmia Bharat Sugar and Industries Ltd  3,067.60 49.53 11.26

Note: The best sugar stocks list here is as of April 03, 2025. The stocks are sorted based on the 5Y CAGR. The following parameters have been used to screen the stocks.

Best Sugar Stocks in India For April 2025 

1. Piccadily Agro Industries Ltd

Piccadily Agro Industries Ltd (PAIL), established in 1994, is India’s largest independent malt spirits manufacturer. It produces sugar, ethanol, ENA, and IMFL brands, including Golden Wings, Kamet, Indri No.1, and Camikara Rum, catering to the liquor and sugar markets.

Piccadily Agro Industries reported a 45% YoY decline in Q3 FY25 net profit to ₹24.49 crore, while revenue rose 7% to ₹205.72 crore, total income grew 8% to ₹208.32 crore, and total expenses increased 5% to ₹172.16 crore.

Key metrics:

  • Earning per Share (EPS): ₹-0.10
  • Return On Equity (ROE): -2.30%

2. Gayatri Sugars Ltd

Gayatri Sugars Limited, part of the Gayatri Group, produces sugar, ethanol, and power through its two Telangana-based units. Established in 1995, it exports power to the grid and operates under Chairman T. Indira Subbarami Reddy with Mos & Associates LLP as auditors.

Key metrics:

  • EPS: ₹-0.62
  • ROE: 3.22%

3. Triveni Engineering and Industries Ltd

Triveni Engineering & Industries Limited, founded in 1932, is a leading Indian conglomerate in sugar, ethanol, power, and engineering solutions. Headquartered in Noida, it operates 24 manufacturing facilities and excels in power transmission, water treatment, and FMCG sectors.

Triveni Engineering & Industries Ltd reported a 69% YoY drop in Q3 FY25 net profit to ₹42.6 crore, while revenue rose 3% to ₹1,600.3 crore, compared to ₹1,553.6 crore in the previous fiscal’s corresponding quarter.

Key metrics:

  • EPS: ₹10.65
  • ROE: 8.11%

4. Magadh Sugar & Energy Ltd

Magadh Sugar & Energy Ltd, part of the K.K. Birla Group, operates three sugar mills in Bihar, producing sugar, ethanol, and power. With a crushing capacity of 19,000 TCD, it engages 1,00,000 farmers and employs over 1,200 professionals.

Magadh Sugar & Energy Ltd’s Q3 FY25 revenue rose 29.99% YoY to ₹284.95 crore but declined 12.17% QoQ, reflecting strong annual growth despite a quarterly slowdown in performance over the last three months.

Key metrics:

  • EPS: ₹60.10
  • ROE: 11.64%

5. Dalmia Bharat Sugar and Industries Ltd

Dalmia Bharat Sugar, a leading Indian sugar producer, operates three units in Uttar Pradesh with a crushing capacity of 35,500 TCD, 120 MW co-generation, and a 255 KLPD distillery, making it a fully integrated sugar and energy company.

Dalmia Bharat Cement’s Q3FY25 net profit plunged 77% to ₹61 crore due to weak demand, with revenue dropping 11.7% to ₹3,181 crore and EBITDA falling 34.5% to ₹511 crore compared to the previous year.

Key metrics:

  • EPS: ₹36.96
  • ROE: 9.81%

Best Sugar Stocks in India in April 2025 – Based on Market Cap

Name ↓Market Cap (₹ Crore) PE Ratio 5Y Return (%)
EID Parry (India) Ltd 13,896.93 15.45 498.96%
Balrampur Chini Mills Ltd 11,213.66 20.98 390.85%
Triveni Engineering and Industries Ltd 8,294.04 20.99 858.03%
Piccadily Agro Industries Ltd 5,490.07 50.02 10,342.86%
Bannari Amman Sugars Ltd 4,648.09 30.52 333.71%

Note: The best sugar stocks list here is as of April 03, 2025. The stocks are sorted based on the market cap. 

Best Sugar Stocks in India in April 2025- Based on Net Profit Margin

Name ↓Net Profit Margin (%) 5Y Return (%) PE Ratio
KCP Sugar and Industries Corp Ltd 15.67 187.30% 6.05
Piccadily Agro Industries Ltd 13.56 10,342.86% 50.02
Kesar Enterprises Ltd 13.41 147.96% 0.81
Ponni Sugars (Erode) Ltd 10.67 138.20% 5.83
Magadh Sugar & Energy Ltd  10.60 820.30% 8.05

Note: The best sugar stocks list here is as of April 03, 2025. The stocks are sorted based on the net profit margin.

Conclusion 

Sugar stocks present potential investment opportunities but come with inherent risks. The industry is shaped by factors like weather patterns, government regulations, and global sugar prices. 

While favourable policies and efficient production can drive growth, challenges such as rising input costs, volatile cane prices, and regulatory shifts can impact profitability. Investors should assess market dynamics, policy changes, and financial health before investing in sugar stocks.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

LTIMindtree Partners with PHINIA for IT Transformation and Innovation

PHINIA Inc, a global leader in premium fuel systems, electrical systems, and aftermarket solutions, has announced a strategic partnership with LTIMindtree. Through this collaboration, LTIMindtree will provide seamless IT infrastructure support while enhancing application maintenance and development services for PHINIA.

AI-Driven IT Modernisation for Operational Efficiency

As part of the partnership, LTIMindtree will integrate artificial intelligence (AI) and automation tools to help PHINIA manage operational risks, reduce application complexity, and improve business agility. The initiative aims to optimise PHINIA’s IT infrastructure, making it more efficient and adaptive to industry advancements.

Commitment to Streamlining Business Processes

Rajesh Sundaram, EVP & Chief Business Officer at LTIMindtree, expressed enthusiasm about the collaboration, stating, “We are excited to partner with PHINIA in their transformation journey. We understand the nuances and complexities of the various segments in which PHINIA operates. As key enablers in their IT modernisation efforts, we are committed to streamlining business processes and simplifying outcomes for the end customers.”

Stock Performance 

On April 03, 2025, LTIMindtree share price traded 3.91% higher at ₹4,324.05 at 12:41 PM (IST). LTIMindtree share price reached a 52-week high of ₹6,764.80, and a 52-week low of ₹4,240.00. As per BSE, the total traded volume for the stock stood at 9,280 shares with a turnover of ₹4.05 crores.

According to exchange data, LTIMindtree shares are trading at a price-to-earnings (P/E) ratio of 28.72x, based on its trailing 12-month earnings per share (EPS) of ₹150.58, and a price-to-book (P/B) ratio of 6.32.

Conclusion 

This partnership between PHINIA and LTIMindtree marks a significant step toward IT modernisation through AI and automation.

By optimising infrastructure and streamlining operations, the collaboration aims to enhance efficiency, agility, and customer experience, ensuring PHINIA remains at the forefront of innovation in fuel systems and electrical solutions.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

IDFC FIRST Bank Authorised to Disburse Pensions for Central Government Pensioners

IDFC FIRST Bank has received authorisation from the Central Pension Accounting Office (CPAO), Government of India, to disburse pensions to central government pensioners.

With this approval, the bank will now facilitate pension payments for retired All India Service Officers, former Members of Parliament, retired High Court and Supreme Court judges, ex-presidents and Vice Presidents, and officials of various civil ministries and departments, except those from the Railways, Posts, Telecom, and Defence sectors.

Pensioners can receive their monthly pension directly into an IDFC FIRST Bank Savings Account. The bank has completed its technical integration with CPAO to ensure seamless pension disbursal.

Joint Accounts and Family Pension Benefits

Pensioners can also opt to open a joint account with their spouse, enabling uninterrupted family pension payments. This ensures that the pension continues to be disbursed smoothly in case of the primary account holder’s demise.

Exclusive Banking Benefits for Pensioners

IDFC FIRST Bank offers a range of benefits under its Savings Account for pensioners, including zero-fee banking on 36 services such as debit card issuance, IMPS, NEFT, RTGS, chequebooks, and ATM withdrawals.

Senior citizens also receive ₹2 lakh cyber insurance, unlimited online health consultations, free doorstep banking, and priority service. Additionally, the bank provides favourable fixed deposit terms with no penalty on premature withdrawals and an extra 0.5% interest on FDs for senior citizens.

To start receiving their pension through IDFC FIRST Bank, pensioners need to provide their bank account details to their employer, ensuring seamless pension disbursement via CPAO.

Conclusion 

IDFC FIRST Bank’s authorization to disburse central government pensions marks a significant step in enhancing financial convenience for pensioners.

With seamless integration with CPAO, joint account options for family pensions, and exclusive benefits like zero-fee banking and priority services, the bank aims to provide a secure and hassle-free experience.

As pensioners transition to IDFC FIRST Bank, they can expect reliable support and enhanced financial well-being in their retirement years.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Sovereign Gold Bonds: How Much Liability Does the Govt Face for 130 Tonnes of Gold?

When the government launched the Sovereign Gold Bond (SGB) scheme, it was initially seen as a lucrative investment opportunity for individuals while reducing India’s dependence on gold imports.

However, the scheme has turned into a financial challenge for the government due to soaring gold prices. While investors have reaped significant returns, the government is now grappling with increasing liabilities, raising concerns about the future sustainability of the scheme.

Rising Debt Burden and RBI’s Gold Reserves at Record High

The Reserve Bank of India (RBI) currently holds 879 tonnes of gold, the highest ever, accounting for 11.5% of its total foreign exchange reserves. This highlights the growing financial strain on the government and RBI due to the SGB scheme.

According to recent disclosures in Parliament, the government has issued 67 tranches of sovereign gold bonds totalling 146.96 tonnes of gold until FY 2024-25. However, no new gold bonds were issued in FY 2024-25, indicating a potential pause due to financial constraints.

Escalating Liabilities: A 930% Increase in Seven Years

Government liability on outstanding SGBs has skyrocketed over the years. As of April 1, 2025, the total liability for all issued gold bonds stood at Rs 67,322 crore. Minister of State for Finance Pankaj Chaudhary confirmed that the liability from 130 tonnes of gold bonds issued until March 20, 2025, has reached this staggering figure.

According to budget documents, the government’s SGB liability was only ₹6,664 crore in 2017-18. By 2023-24, this had surged to ₹68,598 crore—an alarming 930% increase. The total liability of the government for SGBs has now reached ₹1.2 lakh crore ($13 billion), covering 132 tonnes of gold, with bonds set to mature by 2032.

Policy Instability and Its Impact on the Gold Market

Despite launching the SGB scheme to curb gold imports, India’s annual gold import cost remains around $37 billion. In 2022, the government increased customs duty on gold to 15% to control imports, but this move backfired, leading to a rise in gold smuggling.

Recognising the issue, the government reduced the duty to 6% in 2023, but by then, significant damage had already been done. This policy inconsistency further weakened the SGB scheme’s intended impact and added to the government’s financial burden.

Future Uncertainty Over the SGB Scheme

With liabilities surging and financial pressures mounting, the government may reconsider the continuation of the SGB scheme.

The increasing redemption costs and fluctuating policies have made it difficult to sustain, raising concerns about how the government will manage these obligations in the coming years.

As gold prices continue to rise, the financial strain on the exchequer is expected to intensify, making the future of the scheme uncertain.

Conclusion 

The Sovereign Gold Bond (SGB) scheme, initially launched to reduce gold imports, has become a financial burden due to soaring gold prices. Government liabilities surged 930% in seven years, reaching ₹1.2 lakh crore.

Despite efforts to curb imports, policy inconsistencies weakened the scheme’s impact. With rising redemption costs and financial pressures, the government faces uncertainty over SGB’s future sustainability amid mounting fiscal challenges.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

South Indian Bank Sees 10% Growth in Advances, Deposits Rise 5.5%

South Indian Bank reported a 10% growth in gross advances for the financial year ending March 2025, while its deposits grew at a slower pace of 5.5%.

According to provisional figures submitted to stock exchanges, the bank’s gross advances stood at ₹88,447 crore, whereas total deposits reached ₹1.08 lakh crore by the end of FY25.

CASA Ratio Declines Year-on-Year

The bank’s share of current and savings account (CASA) deposits to total deposits declined marginally to 31.37% from 32.8% a year earlier.

However, the CASA ratio improved from the December 2024 level, when it stood at 31.15%. The marginal dip in CASA deposits every year indicates a shift in the bank’s deposit mix.

Stock Performance 

On April 03, 2025, South Indian Bank share price traded 0.51% higher at ₹23.80 at 10:25 AM (IST). South Indian Bank share price reached a 52-week high of ₹31.82, and a 52-week low of ₹22.27. As per BSE, the total traded volume for the stock stood at 3.78 lakh shares with a turnover of ₹89.68 lakhs.

According to exchange data, South Indian Bank shares are trading at a price-to-earnings (P/E) ratio of 4.99x, based on its trailing 12-month earnings per share (EPS) of ₹4.77, and a price-to-book (P/B) ratio of 0.66.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Trump’s Reciprocal Tariffs: SRF, Navin Fluorine & Other Chemical Stocks Fall Over 4% on US Trade Fears

Shares of leading Indian chemical companies, including SRF Ltd., Navin Fluorine Ltd., Galaxy Surfactants Ltd., and PCBL, fell by up to 4% on Thursday, April 3, following US President Donald Trump’s announcement of steep reciprocal tariffs on Indian imports.

While shares of SRF and Navin Fluorine declined, Galaxy Surfactants and PCBL managed to hold onto opening gains.

Chemical Stock Performance Post-Tariff Announcement

Shares of SRF Ltd. dropped 3.5% on Thursday after closing 3.3% higher on Wednesday, though the stock remains near its 52-week high and has gained 35% so far in 2025, making it one of the year’s top performers.

Navin Fluorine Ltd. declined 2.5% on Thursday after a 1.2% rise in the previous session and has gained 30% year-to-date. Galaxy Surfactants Ltd. surged 8% on Wednesday, trimming its year-to-date losses to 10%, and is up 1.5% on Thursday.

Meanwhile, PCBL Ltd. has surged 21% over the past month, reducing its overall losses for 2025 to 5%.

Impact on Indian Chemical Companies

The US is an important market for Indian chemical exporters. According to SRF’s annual report for FY24, the US accounted for 12% of its total revenue.

Meanwhile, 65% of Navin Fluorine’s overall revenue comes from exports, making it highly vulnerable to increased trade restrictions.

US Imposes 27% Tariff on Indian Imports

In the early hours of Thursday, Indian time, Trump declared that the US had imposed a 27% tariff on Indian products, excluding the pharmaceutical sector.

The new tariff marks a significant increase from the previous import rate of just 3.5% for chemical companies, raising concerns over profitability and global competitiveness.

However, the US has also levied high tariffs on other key chemical exporters, including China (34%), the European Union (20%), Japan (24%), and South Korea (25%). This places India in a relatively better or equal position compared to its global counterparts in the chemical sector.

Outlook 

The latest US tariff hike poses a significant challenge for Indian chemical companies, increasing cost pressures and uncertainty in global trade.

While India remains competitively positioned against other exporters, the impact on profitability and market access remains to be seen. Investors will closely monitor regulatory developments, company strategies, and market reactions in the coming weeks to assess long-term implications.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Crude Oil Prices Plunge Over 2% as Trump’s New Tariffs Spare Energy Sector

Oil prices tumbled after US President Donald Trump announced sweeping tariffs on major trading partners, including China and the European Union, sparking fears of a broader trade war that could dampen global economic growth and energy demand.

At 8:39 AM (IST), Brent crude dropped by 2.28% to $73.24 per barrel, while West Texas Intermediate (WTI) crude fell 2.44% to $69.96. The sharp decline in oil prices mirrored a broader selloff in global markets as investors reacted to Trump’s latest and most aggressive tariff measures to date.

Energy Products Exempted from New Tariffs 

Despite the widespread levies, oil, natural gas, and energy-related products have been excluded from the new tariffs, the White House confirmed. This exemption spares the direct impact on global fuel markets, ensuring continued trade flows in key energy commodities.

Trump has imposed a minimum 10% tariff on all goods imported into the US, with additional duties targeting around 60 nations with significant trade imbalances. While Canada and Mexico—two key crude oil suppliers to the US—have been spared, China will face an additional 34% tariff on top of existing duties. The European Union has been hit with a 20% levy. The baseline tariffs take effect at midnight on Saturday, with the higher duties coming into force on April 9.

Crude Prices Volatile Amid Trade Uncertainty 

Trump’s latest tariff announcement continues to disrupt global crude markets, which have been volatile amid his administration’s policy shifts, sanctions, and trade restrictions. The president has used tariffs as a means to reshape trade dynamics, boost domestic manufacturing, and gain leverage in geopolitical negotiations.

While the market is grappling with the negative effects of the new levies, bullish sentiment has emerged due to US sanctions on Russia and Iran, as well as OPEC+ efforts to enforce production limits among its member nations.

Canadian Oil Discount Narrows Amid Exemption 

The tariff exemption for Canadian crude has significantly impacted market dynamics. The discount on Canadian heavy crude relative to WTI has shrunk to its narrowest level since 2020, reflecting relief among traders over the continued US-Canada energy trade.

Meanwhile, the overall market downturn weighed heavily on refined product markets. US benchmark gasoline futures fell more than 3%, and profit margins for refining crude into fuels also declined broadly.

Conclusion 

Trump’s sweeping tariffs have rattled global markets, driving oil prices lower amid fears of slowed economic growth. While energy products remain exempt, trade uncertainties continue to fuel volatility. 

The market impact is mixed, with Canadian crude benefiting from exemptions, while refined product markets and broader investor sentiment remain under pressure.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

SEBI Finalises Proposal to Curb Misuse of Proprietary Trading Terminals

The Securities and Exchange Board of India (SEBI) has finalised a policy aimed at preventing the misuse of proprietary trading terminals—platforms brokers use for self-trading. According to news reports, the regulatory framework has been broadly finalised and shared with stakeholders. Exchanges will be directed to implement the policy after seeking input from brokers, who will be given a reasonable timeframe to comply.

MAC and Static IP Mapping for Better Oversight

The news reports also added that the exchanges will be required to track trading terminals by mapping their MAC ID (Media Access Control address) and Static IP address. This measure will help ascertain the exact location of terminals and detect any unauthorised movement. If a terminal is relocated, the exchange system will flag the change and trigger a query, thereby preventing misuse.

A MAC address is a unique, hardware-based 12-digit identifier assigned to a device’s network interface, facilitating communication within a local network. A Static IP address, on the other hand, is a fixed, unchanging 32-bit number assigned by an Internet Service Provider (ISP) for internet connectivity. While SEBI also explored geo-tagging as a tracking method, brokers pushed back, citing high costs and execution challenges.

Brokers Misusing Proprietary Terminals to Bypass Margin Rules

SEBI’s crackdown comes after inspections revealed that certain brokers were renting out proprietary trading terminals for a commission, effectively enabling traders to avoid paying margin money. Since brokers’ own funds with exchanges covered trades, margin requirements were bypassed—an unintended loophole that gained popularity after SEBI tightened margin norms.

In some cases, regulatory officials found trading terminals registered in Mumbai but physically operated from other states. Additionally, when brokers submit trades to exchanges, they must classify them as client trades (CLI) or proprietary trades (PRO). However, some brokers misused proprietary terminals by falsely labelling client trades as proprietary to evade margin rules.

SEBI has repeatedly cautioned brokers against such violations and emphasised the need for tighter oversight of their authorised persons. The finalised proposal, once implemented, is expected to bring more transparency and regulatory compliance in proprietary trading operations.

Conclusion 

SEBI’s new policy aims to enhance transparency and prevent misuse of proprietary trading terminals by enforcing MAC and Static IP tracking. By addressing loopholes that allowed brokers to bypass margin rules, the regulations will strengthen market integrity.

While brokers have raised concerns over implementation costs, the measures are expected to curb unauthorised trading practices and ensure stricter compliance, ultimately fostering a fairer and more secure trading environment in India’s financial markets.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Trump’s Reciprocal Tariffs: Full List of Countries Hit Hardest by New Tariffs

India is in the crosshairs of former U.S. President Donald Trump’s latest trade war move, as the United States imposes a 26% tariff on Indian goods. This is part of a broader overhaul of global trade rules, replacing a system that has been in place for over 75 years. Trump’s new policy introduces a baseline 10% tariff on all imports, with even higher penalties for nations he deems to have unfair trade practices.

The European Union faces a 20% tariff, while Vietnam is hit with 45%, Japan with 24%, South Korea with 25%, Taiwan with 32%, and Thailand with 36%. China, which recorded a massive $295 billion trade surplus with the U.S. in 2024, will be subject to a 34% tariff. Treasury Secretary Scott Bessent noted that, when combined with the 20% duties imposed in February over the U.S. fentanyl crisis, China’s total tariff rate now stands at 54%.

Countries that recorded trade deficits with the U.S., such as Britain, Brazil, and Singapore, have been spared higher rates and will only face the baseline 10% tariff. White House officials argued that many countries would have even larger trade deficits with the U.S. if their trade policies were more equitable.

Trump’s Justification: Currency Manipulation and Unfair Barriers

The new reciprocal tariffs are aimed at countering alleged policies such as currency manipulation, weak environmental and labour standards, and restrictive regulations that limit U.S. exports. Trump’s administration claims these measures are necessary to level the playing field and protect domestic manufacturers.

Despite having a $2.5 billion goods trade surplus with the U.S. in 2024, Russia is notably absent from Trump’s new tariff list. The administration has not yet provided a clear explanation for this exclusion.

Canada and Mexico Remain Exempt, With Conditions

Goods from Canada and Mexico will remain exempt from the new tariffs due to pre-existing 25% fentanyl-related duties and a 10% tariff on Canadian energy and potash. Additionally, USMCA-compliant goods will continue to enjoy indefinite tariff exemptions, providing relief to U.S. automakers.

This exemption marks a shift from Trump’s earlier stance, as he had initially indicated that the USMCA exemption—granted just a month ago—would expire on April 3. However, White House officials clarified that fentanyl-related tariffs will remain until drug trafficking and border migration conditions improve. If these tariffs are lifted in the future, a 12% duty will be applied to imports that do not meet USMCA rules of origin.

Auto and Industrial Goods Tariffs Stay Unchanged

Certain existing tariffs will not be compounded by the new reciprocal duties. Imports that already face a 25% tariff under Section 232 of the Trade Act of 1962—such as automobiles, auto parts, steel, and aluminium—will be exempt from additional increases.

Similarly, industries under ongoing or potential Section 232 national security investigations—including copper, lumber, semiconductors, and pharmaceuticals—will also remain unaffected. A forthcoming annexe is expected to list additional exempted products, covering critical minerals, energy, and other strategic goods.

The 10% baseline tariff will take effect on April 5 at 12:01 a.m. EDT (0401 GMT), while the higher reciprocal tariffs will follow on April 9 at the same time.

Trump Ends China’s Small Package Exemption

In a significant move, Trump has signed an executive order permanently ending the duty-free “de minimis” exemption for packages from China and Hong Kong valued under $800. This exemption had been exploited by Chinese e-commerce giants like Shein and PDD Holdings’ Temu to avoid U.S. tariffs by shipping directly to consumers.

Earlier this year, Trump’s administration attempted to shut down this loophole, citing concerns that it facilitated the entry of fentanyl precursor chemicals into the U.S. A Reuters investigation last year confirmed these allegations.

However, enforcement challenges, including difficulties in screening large volumes of packages at airports and collecting duties on short notice, delayed the crackdown. The administration has now finalised plans to permanently close the loophole, with Reuters first reporting the decision on April 3.

Trump Declares National Emergency Over Trade Deficit

Citing the “large and persistent” U.S. global goods trade deficit—which surged over 40% to $1.2 trillion in 2024—Trump invoked the International Emergency Economic Powers Act (IEEPA). His executive order states that the growing deficit has weakened domestic production capacity, particularly in U.S. manufacturing and the defence-industrial base.

Trump has frequently used IEEPA to justify economic measures, including the February tariffs on Chinese, Mexican, and Canadian goods related to the fentanyl crisis. Before his presidency, IEEPA had only been used for economic sanctions, not for imposing tariffs.

With these sweeping changes, the global trade landscape is set for a significant shift, with potential repercussions for U.S. consumers, international businesses, and geopolitical relations.

Conclusion 

Trump’s latest trade tariffs mark a seismic shift in global commerce, escalating economic tensions with key trading partners. By targeting countries with perceived unfair trade practices, his administration aims to protect domestic industries while reshaping long-standing trade dynamics.

The new policies, including the removal of China’s small package exemption and increased tariffs, will likely spark international retaliation and disrupt supply chains, making the coming months critical for global markets and diplomatic negotiations.

 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Stocks To Watch Today on April 03, 2025: Reliance Industries, Lupin, HDFC Bank, Maruti Suzuki, and More in Focus

Indian markets are expected to be impacted today. At 6:58 AM, GIFT Nifty futures were down by 302.50 points at 23,128.00.

In the previous session, the Sensex jumped by 592.93 points (0.78%) to 76,617.44, while the Nifty 50 gained by 166.65 points (0.72%) to 23,332.25.

Here are the key stocks to watch today on April 03, 2025:

Reliance Industries

Reliance Industries (RIL) has commenced construction of its first Compressed Bio-Gas (CBG) plant in Kanigiri, Prakasam district, Andhra Pradesh. The initiative marks a significant step in RIL’s plan to develop integrated CBG hubs across the state. Andhra Pradesh IT & Electronics Minister and Chairman of the Group of Ministers on Job Creation, Nara Lokesh, laid the foundation stone for the project.

HDFC Bank

HDFC Bank has received an administrative warning letter from the Securities and Exchange Board of India (SEBI) for regulatory non-compliance. The capital markets regulator issued the warning following a periodic inspection of the bank’s custody activities. In a regulatory filing, HDFC Bank stated that SEBI flagged alleged non-compliance with certain custodian guidelines.

Bharat Electronics

Navratna Defence PSU Bharat Electronics Ltd (BEL) has secured a ₹593.22 crore (excluding taxes) contract from the Indian Air Force (IAF) for the comprehensive maintenance of the Akash Missile System. Originally supplied by BEL, the contract underscores the company’s crucial role in India’s defence infrastructure and after-sales support.

Punjab National Bank

Punjab National Bank (PNB) reported strong growth in Q4, with its global business rising 1.6% quarter-on-quarter (QoQ) and 14% year-on-year (YoY) to ₹26.83 lakh crore. The growth was driven by a 2.4% QoQ and 14.3% YoY increase in global deposits, reaching ₹15.66 lakh crore, while global advances grew 0.6% QoQ and 13.6% YoY to ₹11.17 lakh crore.

Hindustan Zinc

Hindustan Zinc (HZL) reported a 4% YoY rise in Q4 mined metal output to 310 kt, with a 17% QoQ surge driven by higher grades and increased production. Refined metal output grew 4% QoQ to 270 kt on improved plant availability.

Chennai Petroleum 

Chennai Petroleum has appointed H Shankar as its Managing Director, effective April 2, 2025. Previously, he served as the company’s Director (Technical) and also held the additional charge of Managing Director before his formal appointment.

Lupin

Lupin has acquired UK-based Renascience Pharma for £12.3 million (around ₹135 crore). Renascience is the sole supplier of branded injectable cephalosporins for infectious diseases, a topical treatment for ear pain, and a branded quinazoline-like diuretic for cardiovascular and renal conditions in the UK.

Bharat Dynamics

Bharat Dynamics, the state-run defence equipment manufacturer, reported a 40% revenue growth for the financial year 2025. The company’s revenue rose to ₹3,300 crore, up from ₹2,369 crore in the previous year.

Dabur 

Dabur India has provided a Q4 FY25 business update, citing muted performance amid challenging market conditions. The company expects consolidated revenue to remain flat, while its India FMCG business is likely to see a mid-single-digit decline.

Maruti Suzuki 

Maruti Suzuki India, the country’s largest carmaker, will increase prices across seven models starting April 8. The hike is attributed to rising input costs, operational expenses, regulatory changes, and the addition of new features.

Kirloskar Oil Engines

Kirloskar Oil Engines has secured a ₹270 crore order from the Indian Navy to design and develop a 6MW medium-speed marine diesel engine under the Make-I scheme.

Mahindra Lifespace Developers 

Mahindra Lifespace Developers has been chosen as the preferred partner for redeveloping two residential societies in Lokhandwala Complex, Andheri West, Mumbai. The project is valued at ₹1,200 crore.

Interarch Building Products

Interarch Building Products has received a Letter of Intent for a purchase order exceeding ₹300 crore from a new customer. The order, involving 30,000 MT, includes design, engineering, manufacturing, supply, and erection of pre-engineered steel building systems.

Conclusion

Indian markets are set to open lower today, as indicated by a sharp decline in GIFT Nifty futures. However, several key companies have reported significant developments. Reliance Industries has commenced work on its first CBG plant, while Bharat Electronics and Kirloskar Oil Engines have secured major defence contracts. Additionally, Lupin has expanded its global presence with a strategic acquisition.

On the financial front, Punjab National Bank and Bharat Dynamics have reported strong growth, while Dabur has signalled muted performance in Q4. Maruti Suzuki’s planned price hike and Mahindra Lifespace’s redevelopment project in Mumbai are also key updates.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.