Market analyst JC Parets predicts a correction in the stock market as market breadth has declined consistently throughout the year. The latest US inflation data added to concerns, with the Dow Jones, S&P 500, and NASDAQ Composite all dropping by up to 1.8%. This, along with historical seasonality for February and accumulating divergences in equities, could lead to a 'rug pull' season.
Open FlipPrime Focus reported consolidated quarterly results for December 2023, with a net sales of Rs. 840.85 crore, down 23.97% from the previous year. The company also reported a net loss of Rs. 55.29 crore, down 438.04% from the same period in 2022. EBITDA is at Rs. 130.66 crore, down 49.51%. The company's shares closed at 114.15 on February
Open FlipIn report: EUR falls 0.60% due to strong dollar and market aversion. But German ZEW survey shows positive growth expectations. Today, EUR likely to fall towards 1.0650 w/ pessimistic global sentiment & high US inflation. Eurozone data expectation will cause further decline. EURINR expected to slip to 88.70 as long as it's below 89.40. Disclaimer applies.
Open FlipJana Small Finance Bank's stock debuted at a discount of 4.35% on the exchanges, trading at Rs 396 compared to its issue price of Rs 414. The IPO received a strong response from investors, with oversubscription of 18.5 times. The bank plans to use the proceeds for expansion and to meet regulatory requirements. It boasts of marquee investors and has primarily focused on secure loan products.
Open FlipCapital Small Finance Bank had a disappointing debut on the stock exchanges, with its shares listing at a discount of 7% on the BSE and 8% on the NSE. The company raised Rs 523 crore through its IPO, which was subscribed 4 times. It primarily targets middle-income customers in semi-urban and rural areas, with a diversified loan portfolio and strong asset quality.
Open FlipThe IPO of Rashi Peripherals was listed at a premium of over 7% and has been subscribed nearly 60 times. The company plans to use the funds for debt repayment, working capital, and general corporate purposes. Analysts recommend subscribing to the IPO due to the company's good financial track record and its ability to benefit from the growing technology market in India.
Open FlipOn this Valentine's Day, while couples celebrate their love, retail investors have found reasons to cheer as 12 stocks from the Nifty 100 index have delivered returns of over 100% since last year. These stocks have become multibaggers and shown impressive growth, similar to a box of assorted chocolates- each stock with different yields and opportunities. Companies like Zomato, Tata Motors, Adani.
Open FlipSony's latest financial report shows a 15% decrease in operating profit for the first nine months of the fiscal year. Despite a strong performance in the April-December period with 979 billion yen ($6.50 billion) in profit, it is lower compared to the previous year's 516 billion profit in the first six months.
Open FlipReported financial results for Nandani Creation in Q4 2023 showed an increase in net sales, net profit, EBITDA, and EPS compared to the same quarter in 2022. The stock price closed at Rs. 64.95 with negative returns of -27.75% in the last 6 months and -33.69% in the last 12 months. The company's basic EPS increased from Rs. 1.43.
Open FlipArvind Fashions Limited reported a decrease in net sales and increase in net loss for the December 2023 quarter compared to the same period in 2022. EBITDA also saw a decline. AFL shares have shown significant returns over the past 6 and 12 months. Other operating expenses remained constant, while other income decreased slightly. The company's financials were impacted by exceptional items.
Open FlipStarting April 1, builders and promoters with at least 50 housing units in Kolhapur can register their properties with MahaRERA at their own offices. This move aims to increase state revenue through stamp duty registrations from Rs50,000 crore to Rs75,000 crore in the next two years. The decision on increasing ready reckoner rates will be taken after review.
Open FlipSovereign Gold Bonds (SGBs) offer a safe and convenient way to invest in gold, with benefits including safety, interest income, capital appreciation, tax advantages, and liquidity. Compared to physical gold, SGBs provide security against default risks and do not require storage. Various investment platforms like banks and online trading sites offer easy access to investing in SGBs.
Open FlipPaytm's stock is down 9% and below Rs 350, a 65.5% drop from its 52-week high, due to RBI restrictions on its payments bank for KYC non-compliance and potential money laundering risks. As of Feb 14, it has lost more than half its value since Jan 31 and foreign brokerages have slashed its target price by 20-60%. Macquarie has even downgraded the stock to 'underperform'.
Open FlipTrade Wings reported strong standalone quarterly numbers for December 2023, with net sales at Rs. 52.48 crore, up 7.77% from the same period in 2022. The company's net profit also saw a significant increase of 3837.5%, reaching Rs. 0.38 crore. Its EPS has increased to Rs. 1.26 from Rs. 0.03 in December 2022.
Open FlipReported Standalone quarterly numbers for Polson are: Net Sales at Rs 20.29 crore in December 2023 up 22.59% from Rs. 16.55 crore in December 2022. Quarterly Net Profit at Rs. 1.40 crore in December 2023 up 252.31% from Rs. 0.40 crore in December 2022. EBITDA stands at Rs. 4.35 crore in December 2023 up 27.94% from Rs. 3.40 crore in December 2022.
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