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US President Donald Trump on Friday told reporters his administration will be reasonable as it enacts tariffs, adding that he thinks financial markets are adjusting to his tariff policy.

Home appliances maker Orient Electric posted an over two-fold rise in fourth-quarter profit on Friday, helped by strong demand for its fans and air coolers with the onset of summer. The company's profit rose to 312.6 million rupees ($3.66 million) in the quarter ended March 31, from 128 million rupees a year ago. Revenue from operations grew 9.4% to 8.62 billion rupees during the quarter. For further earnings highlights, click KEY CONTEXT The fourth quarter was strong for consumer durables makers, driven by an early summer in India and channel filling for products like air coolers, refrigerators, and fans, according to analysts. India saw above-average temperatures from January to March, with both days and nights warmer than normal across most regions. Fans saw solid demand from summer stocking, with companies implementing modest price hikes. Revenue from Orient Electric's consumer durables segment, which includes fans, air coolers, and kitchen appliances, rose 7.9% in the quarter. The segment remains its main revenue driver. PEER COMPARISON Valuation (next 12 Estimates (next 12 Analysts' sentiment months) months) RIC PE EV/EBI Price/ Revenue Profit Mean No. of Stock to Div TDA Sales growth (%) growth rating* analyst price yield (%) s target** (%) Orient Electric 37.49 18.49 1.29 12.85 57.76 Buy 13 0.87 0.64 Havells India 54.85 37.13 4.16 13.96 20.24 Buy 24 0.89 0.62 Polycab India 36.08 24.90 2.90 17.40 21.27 Buy 25 0.85 0.53 Crompton Greaves 32.17 21.54 2.26 15.36 23.68 Buy 31 0.75 0.87 Consumer Electricals * The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT JANUARY- MARCH STOCK PERFORMANCE -- All data from LSEG -- $1 = 85.4400 Indian rupees