Vibhor Steel Tubes recently ended their IPO bidding on February 15, with shares trading at a premium of 86% in the grey market. The company aims to raise 72.17 crore through the offering of 4.8 million shares with a price band of Rs 141-151. Retail investors had to bid for a minimum of 99 shares and the company offered 1.4 million shares to anchor investors.

Gujarat Toolroom reports significant growth in net sales, net profit and EBITDA for the December 2023 quarter. However, EPS has decreased from the previous year. The company's stock on BSE closed at Rs. 52.70 on February 15, 2024, with a 427% return over the past year. Promoters have not pledged any shares, but their non-encumbered shares remain undisclosed.

Chief Economic Advisor V Anantha Nageswaran warns that de-risking the global economy from China's supply chain will take longer than expected and cannot be achieved quickly. This comes as India aims to become self-reliant and play a bigger role in the world supply chain, but Nageswaran highlights the challenges of diversification and the difficulty in avoiding Chinese products.

Arcee Industries reported a significant decline in net sales and a large increase in quarterly net loss for the December 2023 quarter compared to the same period in 2022. The company's EBITDA also showed a negative trend. As of February 15, 2024, Arcee Ind shares were at 6.00 on BSE, with negative returns over the last 6 and 12 months.

Tata Motors announced the commercial launch of their multipurpose heavy-duty trucks in South Africa, causing a 3% increase in their share prices. These trucks have advanced features such as walk-through cabins, power steering, and a connected vehicle system for efficient fleet management. The stock has shown significant growth in recent years and is expected to continue performing well.

Texmo Pipes and Products reported lower standalone quarterly numbers for December 2023, with a decrease in net sales by 40.66% and net profit by 21.28% compared to December 2022. EBITDA also decreased by 35.74%, while EPS decreased from Rs. 1.10 in December 2022 to Rs. 0.87 in December 2023. The company's stock closed at Rs. 101.45 on February 15, 2024.

Reported Standalone quarterly numbers for Seya Industries are: Net Sales at Rs 1.20 crore in December 2023 down 86.38% from Rs. 8.83 crore in December 2022. Quarterly Net Loss at Rs. 1.91 crore in December 2023 up 81.75% from Rs. 10.48 crore in December 2022. EBITDA stands at Rs. 2.18 crore in December 2023 up 134.49% from Rs. 6.32 crore in December 2022.

Ester Industries reported a net sales of Rs 203.84 crore in December 2023, showing an increase of 3.65% from the previous year. However, the company recorded a net loss of Rs 16.13 crore, down by 82.79%. EBITDA also showed a negative trend with a decline of 119.51% compared to the previous year. The stock closed at Rs 98.42 on February 15, 2024.

On February 16, the stock prices of Hindustan Aeronautics Limited and Bharat Electronics Limited rose over 2% as the Defence Acquisition Council approved a proposal to buy equipment worth Rs 80,000 crore. This is part of India's plan to enhance its armed forces' combat capabilities by procuring 97 Tejas light combat aircraft and 156 Prachand combat helicopters in December 2023.

Reported Standalone quarterly numbers for Fineotex Chemical are: Net Sales at Rs 107.93 crore in December 2023 up 60.57% from Rs. 67.22 crore in December 2022. Quarterly Net Profit at Rs. 27.73 crore in December 2023 up 103.89% from Rs. 13.60 crore in December 2022. EBITDA stands at Rs. 38.75 crore in December 2023 up 101.3% from Rs. 19.25 crore in December 2022.

Market volatility has now become a daily occurrence. The rising interest rates, geopolitical tensions and upcoming elections have caused disruptions in global financial markets, leading to weakening investor confidence. However, prudent investors can future-proof their portfolios against these uncertainties by investing in diverse asset classes such as healthcare, infrastructure, technology, manuf

Cement manufacturers, including UltraTech Cement, ACC, Ambuja, and Shree Cement, saw improved performance due to rising cement prices in Q3 of FY24. This led to increased profitability and Ebitda per tonne for these companies. However, after October, the prices did not rise much. Despite this, average cement prices were better than earlier quarters.

Happy Forgings shares jump 3% after bagging Rs 400 crore order from leading Indian automaker. The company aims to diversify its revenue mix and establish presence in PV segment. It also listed 18% higher on Dec 27, but has since lost 5.7%. It is an engineering-led manufacturer serving sectors like automotive and railways, boasting notable customers such as AAM India, Ashok Leyland, and M&M.

State Bank of India (SBI) is in talks with the Reserve Bank to reduce the cash reserve ratio requirement for "green deposits". SBI recently introduced a green deposit scheme, offering lower interest rates for retail deposits to fund environmentally friendly projects. The CRR, currently at 4.5%, is the minimum amount of cash that banks must keep with the central bank as a solvency measure.

Brawn Biotech's standalone quarterly report shows a decline in net sales by 54.94% and a net loss of Rs. 0.61 crore in December 2023, with negative EBITDA at Rs. 0.58 crore. The company's stock has had negative returns over the last 6 and 12 months, and their expenditures have increased on raw materials, employees, and other expenses. Promoter group shareholding is not pledged or encumbered.