Reported Standalone quarterly numbers for Stovec Industries are: Net Sales at Rs 57.97 crore in December 2023 down 4.85% from Rs. 60.93 crore in December 2022. Quarterly Net Profit at Rs. 4.01 crore in December 2023 up 140.75% from Rs. 1.66 crore in December 2022. EBITDA stands at Rs. 6.77 crore in December 2023 up 54.21% from Rs. 4.39 crore in December 2022.

Shelby Davis, the visionary investor and creator of Davis Funds, has gained legendary status for his adherence to a value-driven investment strategy and commitment to a long-term investment philosophy. Noteworthy similarities exist between Shelby Davis’ investment strategy and the present market conditions. At the age of 38, Shelby Davis initiated his investment journey with $50,000.

Shares of Paytm will be in focus on February 27 after Vijay Shekhar Sharma stepped down to help reconstitute the Board of Paytm Payments Bank Ltd (PPBL). Follow our market blog for live updates Brokerage firm Macquarie has given an ‘underperform’ call on the Paytm stock with a target price of Rs 275 per share. This implies 35 percent downside from the February 26 closing price of Rs 478.

The domestic equity market is expected to see a muted opening on Monday following mixed global market cues. Stocks to watch out for include banking names like the likes of Cello World, CMS Infosystems, Andhra Cements, One97 Communications, and TCS amongst others. "The market is still placed in a broader range movement and one may expect buying to emerge from the lower levels," Nagaraj Shetti,.

Exicom Tele Systems IPO: The initial public offering (IPO) of Exicom Tele-Systems Limited has hit the Indian primary market today. The public issue will remain open till 29th February 2024. This means the initial issue will remain open from Tuesday to Thursday this week. The EV charging solution company has fixed the Exicom Tele Systems IPO price band at ₹135 to ₹142 per equity share.

📈 Amid mixed global cues, benchmark indices started on a flat note today. 📊 At 9:16 AM, the Sensex lost 77.47 points or 0.11% at 72,712.66 and the Nifty was down 23.90 points or 0.11% at 22,098. 📢Havells India (⬆️2.14%), HDFC AMC (⬆️2.06%) and ICICI Lombard (⬆️2.01%) appeared as the top performers on the Nifty50 at open.

Representative Image The National Company Law Tribunal (NCLT) has ordered initiation of a corporate insolvency resolution process against real estate special purpose vehicle (SPV) Sankalp Siddhi Developers. The SPV was promoted by Ahuja Hive, now known as Hive Carbon-Zero Developers, for the development of a project in Mumbai’s Jogeshwari suburb, and has been controlled and managed by Chinese.

The Nifty benchmark index began the week with a slight downturn, slipping to an intraday low of 22,075 during the first hour on February 26. There was some recovery thereon, but the index eventually closed 0.41 percent lower at 22,122. Analysts caution traders against building aggressive long positions on Nifty 50, since technical indicators are showing overbought conditions in the index.

Fixed deposits are popular with senior citizens, who use them as vehicles for creating emergency corpus and even as savings avenues. Fixed deposits offer liquidity and ensure regular interest income. The interest earned on fixed deposits is taxable, but several senior citizens fall in the lower tax brackets, which ensures that their tax liability is minimal or nil, if other income is negligible.

Mumbai-headquartered ICICI Bank has clarified that it has launched a complaint with the Economic Offences Wing (EoW) of Delhi to look into the allegations raised by a customer of a Rs 16-crore fraud in her account by a senior manager. As an aggrieved party, we have lodged a complaint with the Economic Offences Wing (EoW) of Delhi Police for a thorough investigation into the matter.

Shailesh Saraf, managing director and fund manager at Dynamic Equities, expects short-term volatility in the run-up to the general elections but doesn’t expect them to drive the market. Consistent quarterly increases in company sales and profits are the key drivers, with elections expected to have a short-term influence, says Saraf, who has spent more than 30 years in the equity market.

Before Market Opens: Indian markets are likely to open lower on Tuesday following caution global peers with Asian shares on the back of slightly warmer-than-expected Japanese inflation, while the US stock market ended lower on Monday. Gift Nifty was trading 59 points lower, indicating a weak start for benchmark Nifty. Let's take a look at some key cues before the market opens today!!

Zoom Video Communications' share price rallied more than 10% in extended trading on Monday after the company posted better-than-expected quarterly results aided by strong demand for its expanding product portfolio. Zoom shares hit a high of $71.96 in extended trading after closing at $63.12 in New York. The video-conferencing provider Zoom also announced a stock buyback of up to $1.5 billion.

The Securities and Exchange Board of India (SEBI) on February 26 issued a warning alerting investors about deceptive trading platforms falsely claiming to provide stock market access to Indians through the Foreign Portfolio Investors (FPIs) route.The markets regulator noted that fraudsters are luring victims through online trading courses, seminars, and mentorship programs related to the stock.

Platinum Industries IPO opens for subscription today (Tuesday, February 27), and will close on Thursday, February 29. Platinum IPO raised ₹70.59 crore from anchor investors on Monday, February 26. The company notified the exchange that it allocated 41,28,237 equity shares at ₹171 apiece. Platinum Industries IPO price band has been fixed in the range of ₹162 to ₹171 per equity.