Granules India Ltd, part of the pharma space, has rallied more than 20% in the last 3 months to hit a fresh record high in February 2024 and the chart pattern suggests that the rally may not be over yet. Short-term traders can look to buy the stock now for a target of Rs 590 in the next 3 months, suggest experts. The stock rallied more than 20% in the last 3 months.

Reported Consolidated quarterly numbers for Loyal Textiles Mills are: Net Sales at Rs 204.17 crore in December 2023 down 28.44% from Rs. 285.31 crore in December 2022. Quarterly Net Loss at Rs. 2.18 crore in December 2023 up 87.83% from Rs. 17.88 crore in December 2022. EBITDA stands at Rs. 9.98 crore in December 2023 up 219.52% from Rs. 8.35 crore in December 2022.

Reported Consolidated quarterly numbers for Kirloskar Brothers are: Net Sales at Rs 964.80 crore in December 2023 up 0.76% from Rs. 957.50 crore in December 2022. Quarterly Net Profit at Rs. 81.90 crore in December 2023 down 7.67% from Rs. 88.70 crore in December 2022. EBITDA stands at Rs. 138.10 crore in December 2023 down 9.97% from Rs. 153.40 crore in December 2022.

Reported Consolidated quarterly numbers for WH Brady and Company are: Net Sales at Rs 22.72 crore in December 2023 up 28.91% from Rs. 17.62 crore in December 2022. Quarterly Net Profit at Rs. 2.06 crore in December 2023 up 67.61% from Rs. 1.23 crore in December 2022. EBITDA stands at Rs. 4.39 crore in December 2023 up 59.64% from Rs. 2.75 crore in December 2022.

Bengaluru is set to see a sharp rise in property tax after the local municipal corporation Bruhat Bengaluru Mahanagara Palike (BBMP) proposed guidance value-based tax collection. The proposal will likely push up already soaring apartment rentals, experts have said. Guidance value is the minimum price of a property, as determined by the government.

Mumbai: The National Company Law Tribunal (NCLT) on Tuesday approved the proposal of IndusInd International Holdings Ltd (IIHL), a Hinduja Group entity, to acquire bankrupt Reliance Capital Ltd, marking a significant milestone in the prolonged acquisition process. The tribunal had reserved its decision on the matter on 11 January, with a detailed order still pending.

Reported Consolidated quarterly numbers for Industrial Investment Trust are Net Sales at Rs 7.42 crore in December 2023 up 14.89% from Rs. 6.46 crore in December 2022. Quarterly Net Profit at Rs. 35.14 crore in December 2023 up 31.24% from Rs. 26.78 crore in December 2022.EBITDA stands at Rs. 23.86 crore in December 2023 down 22.58% from Rs. 30.82 crore in December 2022.

Singapore-based Xcelerate, parent company of legal compliance service provider Aparajitha, on Tuesday said it raised USD 25 million from private equity firm Federated Hermes and others. The funding round was led by Federated Hermes, a global private equity investor with assets under management of USD 757 billion as of December 2023, Madhujeet Chimni, co-founder of Xcelerate, said in a statement.

The information technology (IT) sector has outperformed Nifty in 2024 year-to-date (YTD), surpassing the benchmark again after 2023. In 2024 so far, the Nifty IT index has jumped around 6 percent as against a 1.65 percent gain in the benchmark.The IT index has risen over 3 percent in February so far, extending gains for the fourth straight month.

US-based chipmaker Qualcomm is getting aggressive in the Indian market. It plans to introduce a new chipset to enable the launch of an entry-level 5G smartphone, which will be priced at the sub-$99 level, by the end of this calendar year. The latest chipset could encourage 2G users to switch to a smartphone-enabled 5G environment in India, a top Qualcomm official said.

Shares of Havells India Limited gained 4 percent to hit a 52-week high of Rs 1,482 in the morning trade on February 27 after Goldman Sachs upgraded the rating for the wires and cables manufacturer to a "buy" from "neutral" . The global brokerage also increased the price target to Rs 1,660 from Rs 1,540, an upside of 17 percent from the previous session's close.

Zenith Drugs share price made a positive debut on NSE SME today. On NSE SME, Zenith Drugs share price opened at ₹110, which is 39.24% higher than the issue price of ₹79.Zenith Drugs IPO opened for subscription on Monday, February 19, and closed on Thursday, February 22.Zenith Drugs IPO price band was set in the range of ₹75 to ₹79 apiece.

Reported Consolidated quarterly numbers for Mehai Technology are:Net Sales at Rs 4.84 crore in December 2023 up 83.51% from Rs. 2.64 crore in December 2022.Quarterly Net Loss at Rs. 0.01 crore in December 2023 down 105.6% from Rs. 0.10 crore in December 2022.EBITDA stands at Rs. 0.43 crore in December 2023 up 152.94% from Rs. 0.17 crore in December 2022.

Open-source software may well be the greatest “public good” the market economy has ever produced. What it shows is the power of voluntary social cooperation. Standard neoclassical economic theory holds that goods and services with widespread benefits get produced only if their maker can charge customers for them.

RBI has approved the re-appointment of Ajay Kanwal as the MD and CEO of Jana Small Finance Bank. “The RBI vide their letter dated February 26, 2024, has conveyed its approval for re-appointment of Ajay Kanwal as managing director and CEO of the bank for a further period of three years with effect from March 21, 2024,” the bank said in an exchange notification.