Markets traded in a narrow range with a slight decrease, continuing the consolidation period. Nifty showed mixed trends across sectors, with some performing well (pharma, energy, realty) and others seeing pressure (FMCG, banking). The US markets remain positive, providing some comfort amidst local choppiness. Consolidation expected to continue, with banking holding the key for future direction..

India is facing a growing need for blue-collar workers in the infrastructure and manufacturing sectors due to increased government spending and growth in these industries. However, there seems to be a mismatch between where these jobs are located and where the talent pool is located, as well as a preference among candidates to work in their home state.

Bandhan Bank's Q3FY24 results disappointed investors as asset quality remained elevated. The stock plunged over 7% to Rs 199 per share on February 12 and has declined 12% in the past month. Though brokerages maintained 'buy' calls, they reduced their target prices amid a forensic audit by NCGTC to assess loan evergreening. The bank's net NPA rose to 2.2%, while gross NPA declined to 7%.

The Indian rupee increased slightly against the U.S. dollar on Monday as most Asian markets were closed. Investors are waiting for inflation data from India and the U.S. to determine when the Fed may cut rates. The rupee is expected to stay within a small range, while investors wait for more solid support for appreciation.

Axis Bank is open to collaborating with Paytm, if permitted by the Reserve Bank of India. They are currently in discussions for general business services, but not specifically for any business. The bank believes that Paytm is an important player and they will work with them if given approval by the regulator.

Fredun Pharmaceuticals received Rs 28 crore in orders from Southeast Asian countries, showcasing its growth and potential. The company is also developing new molecules for pet and veterinary care. Despite a 2% decrease in stock price due to market trends, pharmaceutical stocks are performing well, with Zydus Life announcing good results and a buyback of shares worth Rs 600 crore.

This move is aimed at helping homebuyers who have been facing long delays in getting possession of their homes. In a major initiative towards resolving the housing crisis in Greater Noida, the GNIDA has announced a rehabilitation package for developers of over 6,500 stuck projects. This move is expected to benefit nearly 30 real estate companies as they can now register their apartments.

Bharat Forge Ltd, a Pune based forging firm, saw a surge of 220% in consolidated net profit in the December quarter of 2023 due to higher revenues. The defence business boosted revenues, while the Oil & Gas and Agri sectors declined. The company declared an interim dividend of Rs 2.5 per share and approved raising funds of Rs 500 crore. Exports from Indian operations grew by 36%.

Tata Motors has partnered with the Leadership Group for Industry Transition, a global alliance focused on accelerating the transition towards net-zero emissions. This membership will allow the company to learn and share best practices, influence policy-making, and work with other members to strengthen climate action plans. Their commitment to achieving net-zero emissions in their PV and CV.

Amarjothi Spinning Mills reported a standalone net sales of Rs. 34.29 crore in December 2023, showing an increase of 5.31% from Rs. 32.56 crore in December 2022. Net profit also saw a significant increase of 87.12% to Rs. 2.50 crore from Rs. 1.33 crore during the same period. The EBITDA for December 2023 stood.

Eureka Industries reported a 112.36% increase in net sales of Rs. 6.63 crore in Dec 2023 compared to the previous year. However, they also experienced a significant loss, with a decrease of 1015.29% in net profits and negative EBITDA of Rs. 2.02 crore. Despite this, their shares closed at 5.12 on Feb 09, 2024 (BSE) with a return of 29.

In the December 2023 quarter, Dhanlaxmi Roto Sp reported a decrease in net sales to Rs. 49.54 crore compared to the same period in 2022. However, there was a significant increase in net profit, EBITDA, and EPS. The company's stock also performed well, with a 89.71% return over the past 6 months and 171.26% over the past 12 months.

Reported Standalone quarterly numbers for Gini Silk Mills are:Net Sales at Rs 10.50 crore in December 2023 down 2.55% from Rs. 10.77 crore in December 2022.Quarterly Net Profit at Rs. 0.60 crore in December 2023 up 288.6% from Rs. 0.16 crore in December 2022.EBITDA stands at Rs. 1.38 crore in December 2023 up 100% from Rs. 0.69 crore in December 2022.Gini Silk Mills EPS has increased.

Reported Standalone quarterly numbers for Nahar Poly Films are: Net Sales at Rs 153.62 crore in December 2023 down 3.77% from Rs. 159.64 crore in December 2022. Quarterly Net Loss at Rs. 8.95 crore in December 2023 down 959.5% from Rs. 0.84 crore in December 2022. EBITDA stands at Rs. 1.73 crore in December 2023 down 85.93% from Rs. 12.30 crore in December 2022. Nahar Poly Film shares closed.

Reported Standalone quarterly numbers for Anjani Synthetics are:Net Sales at Rs 59.66 crore in December 2023 up 35.62% from Rs. 43.99 crore in December 2022.Quarterly Net Profit at Rs. 0.95 crore in December 2023 up 118.75% from Rs. 0.43 crore in December 2022.EBITDA stands at Rs. 3.04 crore in December 2023 up 32.17% from Rs. 2.30 crore in December 2022.Anjani Synth EPS has increased.