Bajaj Finance sold 0.88% stake in Strides Pharma Science for Rs 57.37 crore while Amansa Holding Private Ltd acquired 1.24% stake for Rs 81.30 crore. Societe Generale bought 2,58,071 shares of Apollo Pipes for Rs 19.77 crore. Infinity Asset Advisors sold 0.98% stake in Andhra Paper for Rs 20.83 crore. Shares of Strides Pharma Science fell 2%.

Realty firm Omaxe Ltd reported a loss of Rs 71.77 crore in Q3, lower than the loss of Rs 109.11 crore in the same quarter last year. Total income rose to Rs 601.90 crore and total expenses increased to Rs 683.66 crore. Mohit Goel has been re-appointed as Managing Director for five years. The company is prominent in Delhi-NCR, Punjab, Haryana and Uttar Pradesh real estate markets.

The benchmark S&P 500 opened firmly above the 5,000 mark on Friday after data pointed to minimal revisions in last year's inflation figures, supporting expectations that the U.S. Federal Reserve will cut interest rates this year. The Dow Jones Industrial Average rose 5.64 points, or 0.01%, at the open to 38,731.97. The S&P 500 opened higher by 6.26 points, or 0.13%, at 5,004.17.

Finolex Cables reported a 2.16% decrease in net consolidated profit for the third quarter of FY24, with a profit after tax of Rs 150.98 crore. The company's total income saw a growth of 7.05% to reach Rs 1,266.71 crore. In terms of revenue, there was a 6% increase to Rs 1221.7 crore, compared to the same period last year.

Kaiser Corporation's standalone quarterly results for December 2023 show a 14.06% increase in net sales and a 5.83% decrease in net profit compared to the same period in 2022. EBITDA has increased by 100% and EPS has decreased to Rs. 0.00. The company's shares have had negative returns of -33.99% over the last 6 months and -61.87% over the last 12 months.

Dish TV India reported a decrease in net sales and net loss for the quarter ending in December 2023 compared to the same period in 2022. EBITDA also experienced a significant decline. Despite this, Dish TV shares have shown positive returns in the last 6 and 12 months. Expenses, such as employee cost and depreciation, remained relatively stable while other expenses decreased slightly.

The recent Paytm fiasco serves as a reminder for companies to prioritize data security measures and regulatory compliance. The CAIT highlights the need for vigilance and proactive efforts in addressing security vulnerabilities to maintain trust in the digital payment system. The RBI's action against Paytm Payments Bank emphasizes the importance of following established regulatory frameworks.

Peninsula Land, a part of the Ashok Piramal Group, reported a 163.70% growth in net profit during Q3 FY24 compared to the same quarter in the previous fiscal. The company's total income decreased by 43.50%, and their parent company allotted shares and debentures to reduce debt and raise capital for future growth. Their focus on debt reduction has resulted in a 57% decrease in overall debt.

Reported Standalone quarterly numbers for Wim Plast are: Net Sales at Rs 87.11 crore in December 2023 up 9.35% from Rs. 79.65 crore in December 2022. Quarterly Net Profit at Rs. 12.86 crore in December 2023 up 35.47% from Rs. 9.50 crore in December 2022. EBITDA stands at Rs. 20.18 crore in December 2023 up 22.75% from Rs. 16.44 crore in December 2022.

Kamadgiri Fashion's standalone quarterly results for December 2023 show a decrease in net sales by 13.9% and net loss by 4.64% compared to the same period in 2022. EBITDA also experienced a decline of 49.41%. The share prices for Kamadgiri closed at 73.81 on February 08, 2024 (BSE) with -26.48% returns over the last 6 months.

Hyundai Motor has enlisted JP Morgan, Citi and HSBC as advisors for its proposed IPO of its India unit, seeking to raise $3-3.5 billion. The draft papers are expected to be filed by June 2024, potentially making it the largest ever IPO in India. This move follows the record-breaking $2.7 bn IPO of LIC in 2022. More banks may be added in the future and Hyundai and the 3 banks declined to comment.

In December 2023, Pfizer reported a decrease in net sales, net profit, and EBITDA compared to the same period in 2022. Its EPS also decreased from Rs. 32.93 to Rs. 27.12. However, its shares have shown a positive return of 14.46% over the last six months and 16.94% over the last year. The company has not made any significant financial changes in terms of expenditure or reserves.

Indian Toners and Developers reported standalone quarterly numbers for December 2023, showing a decrease in net sales by 6.55% to Rs. 37.08 crore from the previous year. Net profit also decreased by 25.52% to Rs. 5.64 crore. Their EPS decreased to Rs. 5.21. However, EBITDA increased by 2.63%. Their stock has seen a significant increase in value.

Reported Standalone quarterly numbers for Hemang Resources are: Net Sales at Rs 0.38 crore in December 2023 down 96.68% from Rs. 11.46 crore in December 2022. Quarterly Net Loss at Rs. 1.05 crore in December 2023 down 227.61% from Rs. 0.82 crore in December 2022. EBITDA stands negative at Rs. 1.05 crore in December 2023 down 226.51% from Rs. 0.83 crore in December 2022.

Nirma Ltd will launch an open offer to acquire an additional 17.33% stake in the subsidiary Glenmark Life Sciences for Rs 1,343.05 crore. This follows their previous deal to acquire a 75% stake for Rs 5,651.5 crore last year. The tendering period for the open offer will be from February 15-29, 2024. This move is part of Nirma's plan to expand its presence in the pharmaceutical industry.