Reported Standalone quarterly numbers for Rain Industries are: Net Sales at Rs 34.78 crore in December 2023 up 82.3% from Rs. 19.08 crore in December 2022. Quarterly Net Loss at Rs. 4.55 crore in December 2023 down 7685% from Rs. 0.06 crore in December 2022. EBITDA stands at Rs. 0.53 crore in December 2023 down 82.33% from Rs. 3.00 crore in December 2022.

Maintaining their winning streak for the third consecutive trading session, shares of Skipper jumped 13.4% in today's early morning trade to hit a new record high of ₹401 apiece after the company secured a significant order. The company informed investors through an exchange filing on Saturday that it bagged an order worth ₹737 crore for the design, supply, and construction of a new 765 kV.

The quarter gone by saw promoters of several companies offload shares in the open market, with at least 28 of them seeing the holding fall by more than 100 basis points sequentially. Even after this selling, some of the stocks have managed to give double-digit returns in just two months. ETMarkets scanned through the quarterly shareholding of promoters and found seven companies.

Amid mixed Asian cues, Indian benchmark equity indices opened in the red on Monday, dragged down by banking, financial, and IT stocks. The BSE Sensex was trading 196 points or 0.27% lower at 72,946. Nifty50 was trading at 22,158, down 55 points or 0.25% at around 9.20 am. From the Sensex pack, Asian Paints, Titan, Tech Mahindra, Axis Bank, and Wipro opened with cuts, while L&T, and Power Grid.

Bharat Heavy Electricals (BHEL) share price rose 1 percent in the early trade on February 26 despite Stock Exchanges imposing a fine on the company for non-compliance. At 09:22 am Bharat Heavy Electricals was quoting at Rs 231.95, up Rs 2.20, or 0.96 percent, on the BSE. The company received notice from BSE Ltd. and the National Stock Exchange of India Limited (NSE) each imposing a fine.

Shares of Kotak Mahindra Bank had a muted start on February 26 after the Zurich Insurance Company agreed to acquire a 70 percent stake in in subsidiary Kotak General. At 9.20 am, the stock was trading at Rs 1,719.80 on the National Stock Exchange. Follow our market blog for live updates In a February 23 regulatory filing, Kotak Mahindra Bank said the lender along with Kotak General Insurance.

Krishna Sanghavi, CIO-Equity, Mahindra Manulife, expects FY25 earnings to get a boost from election spending, a pickup in corporate capex and exports. As the market trades at record highs, Sanghavi said the consumption sector was one of the few segments offering reasonable valuations, considering the recent consolidation.

Paytm's stock may extend the previous week's gains on February 26 as Morgan Stanley maintained an equalweight call on the stock with a target price of Rs 555 per share. This comes after the Reserve Bank of India (RBI) advised the National Payments Corporation of India (NPCI) to examine Paytm's request to be a third-party application provider (TPAP).

📈 Amid weak global cues, domestic benchmark indices started gap-down on February 26, 2024. 📢 At 9:16 AM, the Sensex tanked 194.47 points or 0.27% at 72,948.33, and the Nifty plunged 48.35 points or 0.22% at 22,164.35. 📊 Asian Paints (⬇️3.51%), Berger Paints (⬇️2.08%), and Titan Company (⬇️1.42%) appeared as the top losers on the Nifty 50 at the Open. Glenmark, INDUS TOWERS are in focus today.

Here is a collection of the most important stories this morning: Exclusive Interview | Inflation firmly inside the corridor, MPC should be more sensitive to growth now, says Jayanth Varma The Monetary Policy Committee (MPC) has to be much more sensitive to growth concerns to a much greater extent than a year ago in the backdrop of falling inflation, according to MPC member Jayanth Varma.

Mukka Proteins IPO price band: The Mukka Proteins IPO price band has been fixed in the range of ₹26 to ₹28 per equity share of the face value of Re 1. The Mukka Proteins IPO date of subscription is scheduled for Thursday, February 29, and will close on Monday, March 4. The allocation to anchor investors for the Mukka Proteins IPO is scheduled to take place on Wednesday, February 28.

Global brokerage firm CLSA has shared a "buy" call on capital Larsen & Toubro (L&T) with a target price of Rs 4,360 a share, implying an upside of 28 percent from the last close. The bullish call came after analysts said India's largest capital goods company is poised to beat their order inflow estimate led by bullet train, defiance, and private capex in the fourth quarter.

HDFC Bank, a private sector lender in India, has recently received approval from the Reserve Bank of India (RBI) to sell a 90% stake in its education loan subsidiary arm, HDFC Credila, to a consortium of private equity firms. The consortium includes BPEA EQT and ChrysCapital group. The decision to divest comes eight months after HDFC's merger with HDFC Bank.

Grasim Industries staged its much-awaited entry into the paints sector with the launch of the company's Birla Opus range of products. Its foray into the paint industry is expected to shift dynamics within the sector as competition heats up. Through the launch of Birla Opus, Grasim aims to secure the second position in the decorative paints market, which is currently dominated by rival Asian Paints

The market scaled a fresh closing high in the week ended February 23 as bulls mustered strength to regain control over the Street from bears. Experts are now hoping to see the rally to reach 22,500 in the coming sessions, with support at the psychological 22,000 mark and a crucial support at the 21,900 level. The Nifty 50 gained 0.8 percent to 22,214 and formed a bullish candlestick pattern.