Gold prices fell on Monday as the dollar strengthened to an 8-week high, on the back of better-than-expected US jobs data. This has dashed hopes of an imminent rate cut by the Federal Reserve and pushed investors towards the greenback. MCX April gold futures and March silver contracts were trading lower, while Comex gold and silver futures were also down.

IndiGo Airlines' stock climbed 5.6% after reporting a consolidated net profit of Rs 2,998 crore in Q3, up by 111% YoY. Its EBITDAR increased by 61% and it carried 23% more passengers compared to the same period last year. Analysts recommend buying the stock due to strong financial performance and expectations of a duopolistic industry structure with IndiGo and Air India dominating the market.

Individuals can take advantage of deductions and exemptions under the Income-tax Act to save taxes on income earned during FY 2023-24. Factors like tax regime chosen and investments/expenses made determine the amount of tax savings. The new default tax regime offers fewer deductions, while the old one allows for more deductions such as HRA, LTC, and Sections 80C/D/CCD(1B)/ CCD (2).

How can you make the money we have work better? Instead of a family member having an idea that only foreign investors should buy our assets, and mortgaging public assets in terms of sustainability. There will be some windfall gains. It's not as if this (mobilising resources) is creating losses. It's not. That also we are very paranoid about. It's not. The one way it can create a loss.

Mayank Cattle Food, a manufacturer of maize cake and maize oil, debuted on the BSE SME platform with a 7.4% premium on Monday. The IPO was subscribed 8 times and will be used for working capital and expansion. The company operates in a growing sector, with India being the fourth-largest producer of animal feed. In the September quarter, it reported revenues of Rs 75.27 crore.

Geojit's Agri Picks report revealed that the area under rabi crops in India is slightly higher this year compared to the previous year, according to data from the Ministry of Agriculture. The report also mentioned the increase in wheat acreage and a decrease in pulses acreage. Mustard was the most profitable crop for farmers, while Andhra Pradesh saw a decline in sown area.

Megatherm Induction, a company engaged in manufacturing induction heating and melting products, saw its shares list at a premium of 108.3% on the NSE SME platform on Monday. This was much higher than its issue price of Rs 108. The IPO raised Rs 54 crore from selling fresh equity shares and the funds will be used for factory construction, working capital and general corporate purposes.

Cochin Shipyard's shares increased by 1.32% after signing a Rs 150-crore contract with the Indian Navy for refitting two vessels. Its net profit surged 121% and revenue rose 64% in Q4 of FY24. A second interim dividend of Rs 3.50 per share was recommended, and a new dry dock and ship repair facility costing Rs 1,799 crore opened in Kochi.

On Feb 5, Tata Motors' shares rose by 7% on NSE after reporting strong Q3 numbers that exceeded expectations. The stock's value has risen by 99% in the last year. This quarter, the company's profit grew by 137.5% to Rs 7,025 crore, revenue increased by 25%, and EBITDA by 59%. Jefferies recommends buying with a target price of Rs 1,100, citing an expected.

Sensex and Nifty reached record highs after Finance Minister Nirmala Sitharaman's budget announcement, showing investors' confidence in fiscal consolidation and capex momentum. However, global factors like the Fed’s rate cut indication and the Red Sea crisis could impact the market sentiment. The BJP's positive electoral performance could also boost the markets.

LIC's share price rose 1.6% to Rs 959.6 on Feb 5, surpassing its IPO price of Rs 949 and pushing its market cap above Rs 6 lakh crore. It became the most valued PSU in mid-January, overtaking SBI. The stock has surged 55% in 3 months since its IPO in May 2022. Government sold 3.5% stake, reducing its ownership to 96.5%.

KPI Green Energy stock saw a 5% surge, hitting Rs 2,201.25 on the BSE after receiving a 15 MW order for solar power project. Its subsidiary also secured additional orders of 15 MW and 5.60 MW from Aether Industries and other clients respectively, with scheduled completion in 2024-25. Catch all updates in our live blog.

Titagarh Rail Systems' stock saw a 1.3% rise on February 5 after reporting a 130% increase in net profit for Q3 of FY24 to Rs 75 crore. The company also witnessed a 24.6% growth in revenue and a 52.3% increase in EBITDA. They recently announced plans to enter the railway component and subsystem business with an investment of Rs 120 crore each.

Reported Standalone quarterly numbers for Flexituff Ventures International are: Net Sales at Rs 147.12 crore in December 2023 down 34.74% from Rs. 225.44 crore in December 2022. Quarterly Net Loss at Rs. 54.98 crore in December 2023 down 47.96% from Rs. 37.16 crore in December 2022. EBITDA stands negative at Rs. 28.79 crore in December 2023 down 360.64% from Rs. 6.25 crore in December 2022.

Reported Standalone quarterly numbers for Birla Cable are: Net Sales at Rs 161.97 crore in December 2023 down 18.89% from Rs. 199.70 crore in December 2022. Quarterly Net Profit at Rs. 3.74 crore in December 2023 down 54.9% from Rs. 8.30 crore in December 2022. EBITDA stands at Rs. 12.02 crore in December 2023 down 32.47% from Rs. 17.80 crore in December 2022.