MUMBAI - Shares of Alkem Laboratories nosedived more than 13% on Monday, witnessing their biggest single-day fall in at least three years, following reports of a large-scale tax evasion by the drug major. According to reports, Alkem Labs allegedly claimed over Rs 1,000 crore in bogus deductions. In September last year, the tax department conducted surveys on the offices and premises of the company

The shares of Zaggle Prepaid Ocean Services have been consistently rising in recent trading sessions due to several positive developments. In today's intraday trading session, the stock surged by another 14.5% to reach a new record high of ₹328.40 per share. This spike followed the company's announcement of entering into multiple agreements, securing future business opportunities.

The Indian stock market reached to an all time high on Friday, with the Nifty surging to an all-time high of 22,297.50 points, and the BSE Sensex peaking at an impressive 73,427.60. The driving force behind this surge primarily emanated from the exceptional performance of financials and energy stocks. Although the benchmarks indices are trading lower today, Nifty down by 0.37%.

The 'God of Stocks' has enough cash in his pocket to dwarf the market capitalisation of any Indian bank - HDFC Bank, ICICI Bank, SBI - or LIC. Warren Buffett has gone against conventional wisdom (in his own words) to allow his mountain of cash to grow to a fresh all-time high of $167.6 billion in the December quarter.Buffett's war chest is bigger than the market value of HDFC Bank.

The time the stock market bubble could likely be in shares of public sector undertakings (PSUs), particularly in shares of railway stocks, Manish Bhandari, chief executive officer of Vallum Capital. He was speaking at the PMS AIF WORLD's fifth annual summit. Also read: Enough bottom-up opportunities amid structural bull-run, say Chockalingam.

Reported Consolidated quarterly numbers for Mazagon Dock Shipbuilders are: Net Sales at Rs 2,362.47 crore in December 2023 up 30.1% from Rs. 1,815.91 crore in December 2022. Quarterly Net Profit at Rs. 626.78 crores in December 2023 up 76.98% from Rs. 354.16 crores in December 2022.EBITDA stands at Rs. 807.79 crore in December 2023 up 71.3% from Rs. 471.57 crore in December 2022.

Reported Consolidated quarterly numbers for Tejnaksh Healthcare are: Net Sales at Rs 3.14 crore in December 2023 up 17.58% from Rs. 2.67 crore in December 2022. Quarterly Net Profit at Rs. 0.54 crore in December 2023 up 74.23% from Rs. 0.31 crore in December 2022. EBITDA stands at Rs. 1.14 crore in December 2023 up 44.3% from Rs. 0.79 crore in December 2022.

Low-cost airline SpiceJet on February 26 told the National Company Law Tribunal (NCLT) that their dispute with aircraft lessor Celestial Aviation is "practically settled" and only formalities remain. Senior advocate Krishnendu Dutta, who appeared for SpiceJet told the tribunal that they have already paid some money and urged the tribunal to adjourn the case so that they can file the requisite.

Reported Consolidated quarterly numbers for Simran Farms are:Net Sales at Rs 123.38 crore in December 2023 up 41.94% from Rs. 86.92 crore in December 2022.Quarterly Net Loss at Rs. 3.38 crore in December 2023 down 230.38% from Rs. 2.59 crore in December 2022. EBITDA stands negative at Rs. 3.99 crore in December 2023 down 216.67% from Rs. 3.42 crore in December 2022.

Reported Consolidated quarterly numbers for Hariyana Ship Breakers are: Net Sales at Rs 0.61 crore in December 2023 down 98.04% from Rs. 31.27 crore in December 2022. Quarterly Net Profit at Rs. 0.74 crore in December 2023 up 111.08% from Rs. 0.35 crore in December 2022. EBITDA stands at Rs. 2.55 crore in December 2023 up 22.01% from Rs. 2.09 crore in December 2022.

Stock broking firm Anand Rathi has announced two stocks as their pick of the month and has recommended traders buying these stocks for a decent upside over the time horizon of one month. The brokerage has a buy call on Mahindra & Mahindra Financial Services and Suraj Estate Developers. As per the technical analysis of the brokerage firm, these stocks have the potential to deliver anywhere around.

Reported Consolidated quarterly numbers for Phoenix Mills are:Net Sales at Rs 986.09 crore in December 2023 up 44.2% from Rs. 683.85 crore in December 2022.Quarterly Net Profit at Rs. 279.36 crore in December 2023 up 58.39% from Rs. 176.37 crore in December 2022.EBITDA stands at Rs. 586.20 crore in December 2023 up 39.83% from Rs. 419.21 crore in December 2022.

An advisory committee, set up by Paytm owner One97 Communications after the Reserve Bank's action on its payments bank business, is yet to have a deeper engagement with the company to identify any issue, head of the panel and former chairman of Sebi M Damodaran said on Sunday. "We are an external advisor. At this point they (Paytm) are dealing with RBI," Damodaran said.

Reported Consolidated quarterly numbers for Gujarat Pipavav Port are: Net Sales at Rs 269.63 crore in December 2023 up 7.61% from Rs. 250.57 crore in December 2022. Quarterly Net Profit at Rs. 116.06 crore in December 2023 up 37.58% from Rs. 84.36 crore in December 2022. EBITDA stands at Rs. 178.28 crore in December 2023 up 16.14% from Rs. 153.50 crore in December 2022.

Reported Consolidated quarterly numbers for ACS TECHNOLOGIES are:Net Sales at Rs 24.93 crore in December 2023 up 614.85% from Rs. 3.49 crore in December 2022.Quarterly Net Profit at Rs. 1.29 crore in December 2023 up 1194.47% from Rs. 0.10 crore in December 2022.EBITDA stands at Rs. 2.96 crore in December 2023 up 270% from Rs. 0.80 crore in December 2022.