0630 GMT - AIA Engineering's demand outlook for its products appears uncertain, Nomura's Umesh Raut says in a research report. Management didn't share FY 2025 earnings guidance given uncertain demand, the analyst notes. The Indian company's U.S. exports are currently subjected to antidumping duty of roughly 10% and Section 232 tariffs of 50%, the analyst says. The high tariffs have resulted in uncertainties in the U.S. and have substantially dented the company's visibility for U.S. demand beyond the near-term. Nomura cuts its FY 2026-2027 revenue forecasts for AIA Engineering by 6%. It lowers the stock's target price to INR3,078.00 from INR3,140.00, with an unchanged reduce rating. Shares last closed at INR3,114.90. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

August 15, 2025 02:30 ET (06:30 GMT)

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