Jefferies maintains Bharti Airtel as top pick in telecom sector, citing strong Ebitda and cash flow prospects. Strategic focus on network investments positions them well against Vodafone Idea. Airtel leads in base stations and market share gains expected. Revenue growth remains stable, suggesting need for tariff hikes. Margins may not expand without hike due to high costs.

Reported Standalone quarterly numbers for Atam Valves are: Net Sales at Rs 12.19 crore in December 2023 up 11.06% from Rs. 10.97 crore in December 2022. Quarterly Net Profit at Rs. 0.99 crore in December 2023 down 51.07% from Rs. 2.02 crore in December 2022. EBITDA stands at Rs. 1.91 crore in December 2023 down 35.25% from Rs. 2.95 crore in December 2022.

Berkshire Hathaway has reduced its stake in Apple and sold four other stock holdings, sparking speculation about a major new investment. Conglomerate also disclosed an increase in oil company Chevron and decreased stakes in HP and Paramount Global. Berkshire obtained confidential treatment for one or more of its holdings, hinting at a potential investment in banking, finance, or insurance sector.

Asian stocks rose on Thursday, with the Nikkei reaching a new 34-year high. The dollar also took a breather near a three-month high as investors assess when the Federal Reserve will start easing its cycle after strong economic data. Japan's economy slipped into recession, raising uncertainty about the central bank's plans to exit its ultra-easy policy.

Pritika Engineering Components reported a significant increase in sales and profit in their standalone quarterly results for December 2023. Net sales saw a 22.84% growth, with net profit increasing by 54.51%. Their EBITDA also rose by 52.49%. Share prices have also seen a remarkable 72.63% return over the last 6 months and 155.85% over the last 12 months.

Reported Standalone quarterly numbers for Power Mech Projects are: Net Sales at Rs 1,071.15 crore in December 2023 up 19.86% from Rs. 893.68 crore in December 2022. Quarterly Net Profit at Rs. 60.38 crore in December 2023 up 17.74% from Rs. 51.28 crore in December 2022. EBITDA stands at Rs. 136.44 crore in December 2023 up 31.26% from Rs. 103.95 crore in December 2022.

Brokerages optimistic on Mahindra and Mahindra Limited due to strong Q3FY24 results, with bullish comments and decent upsides. Stock closed at Rs 1,657, up 0.6% from last close, giving 8% return in 3 months. Net profit rose 61%, revenue climbed to Rs 25,289 crore. Morgan Stanley overweight with target price of Rs 1,952, HSBC has 'buy' call.

MTAR Technologies, a leading engineering company, reported a decrease in net sales by 26.19% and net profit by 66.7% in the standalone quarterly results for December 2023. EBITDA also declined by 52.34%, leading to a decrease in EPS from Rs. 10.31 to Rs. 3.43. The company's shares have shown negative returns of 13.54% and 9.99% over the last 6 and 12 months.

Rockline Venkatesh, movie producer and owner of Rockline Mall in Bengaluru, plans to take legal action against the BBMP for illegally sealing his property. He accuses the authorities of not following proper procedures and claims to have paid all necessary property taxes. This is not the first time BBMP has sealed a mall over unpaid taxes.

A2Z Infra Engineering reported higher net sales and a lower net loss in the December 2023 quarter compared to the same period in 2022. The EBITDA was negative, down by a significant percentage. The company's stock closed at a higher price and has shown good returns over the past 6 months and 12 months. Expenses increased for raw materials, employees, and other items.

The special court handling the PMC Bank scam case has rejected HDIL promoter Rakesh Wadhawan's plea to extend his interim bail on medical grounds. The court noted that the accused had already been granted bail by the Supreme Court for a separate case, and therefore could not take advantage of the same relief for this case. Wadhawan and his son are under investigation by multiple agencies.

Indians can now use UPI to make payments in 7 countries – Sri Lanka, Mauritius, France, UAE, Singapore, Bhutan, and Nepal, as announced by MyGovIndia. UPI, launched in 2016, has gained popularity in India for its seamless and user-friendly digital payment system. Its adoption in other countries highlights the need for secure and efficient payment methods globally.

Domestic benchmark equity indices, Nifty 50 and Sensex, recovered from the day's low and closed in green on Wednesday, supported by buying in banking stocks. PSU banks showed interest due to the government's emphasis on fiscal prudence and improving asset quality, but their high valuations raised questions. Favourable inflation data from the UK also added to the confidence.

Elon Musk and a Tesla shareholder will ask a judge to pause the ruling voiding Musk's $56-billion pay package until their appeal is resolved. The shareholder's attorney stated they will agree to a stay if they can reach a deal on an appeal bond. If approved, Musk would have 60 days to file an appeal with the Delaware Supreme Court, likely taking around six months to resolve.

Country Condos reported strong standalone quarterly numbers for the period ended December 2023, with a 37.79% increase in net sales at Rs 6.13 crore and a 73.47% increase in net profit at Rs 0.27 crore compared to the same period in 2022. The company also saw a significant increase in EBITDA and EPS. Country Condos' stock closed at 5.30 on February 13, 2024.