Reported Standalone quarterly numbers for Ashok Leyland are: Net Sales at Rs 9,273.01 crore in December 2023 up 2.69% from Rs. 9,029.67 crore in December 2022. Quarterly Net Profit at Rs. 580.03 crore in December 2023 up 60.52% from Rs. 361.34 crore in December 2022. EBITDA stands at Rs. 1,143.96 crore in December 2023 up 38% from Rs. 828.93 crore in December 2022.

Reported Standalone quarterly numbers for Aris International are: Net Sales at Rs 0.19 crore in December 2023 up 122.06% from Rs. 0.08 crore in December 2022. Quarterly Net Profit at Rs. 0.18 crore in December 2023 up 233.99% from Rs. 0.13 crore in December 2022. EBITDA stands at Rs. 0.18 crore in December 2023 up 238.46% from Rs. 0.13 crore in December 2022.

OSPL on Tuesday announced it has signed an agreement with Attero for recycling of Li-ion batteries. Under the collaboration, OSPL, along with e-waste management firm Attero, plans to recycle over 100MWh of batteries in the next 3-4 years, OSPL said in a statement. Besides the domestic market, the strategic alliance between OSPL and Attero will also cover the ASEAN and African regions, it stated.

Chinese state investment fund supports market by increasing purchases of stock index funds, as regulator seeks to crackdown on market manipulation and protect small investors. Markets see some gains, but still at historically low levels. Other institutional investors encouraged to increase share purchases. Tech shares such as Alibaba and JD.com see biggest gains in Hong Kong.

Reported Standalone quarterly numbers for Banco Products (India) are: Net Sales at Rs 232.91 crore in December 2023 down 1.73% from Rs. 237.01 crore in December 2022. Quarterly Net Profit at Rs. 60.74 crore in December 2023 up 83.95% from Rs. 33.02 crore in December 2022. EBITDA stands at Rs. 76.79 crore in December 2023 up 55.13% from Rs. 49.50 crore in December 2022.

The underperformance in banking shares this year has led to the weightage of financials in the benchmark Nifty index touch a five-year low. The proportionate weight of Banking and Financial Services shares in Nifty is fallen to 33% as per the latest factsheet from NSE, as compared to a 38.45% weightage in April 2023. This is a significant fall of 5.45% in the weightage of banking in the index.

Oil prices inched up in early Tuesday trade as investors waited to see whether a Middle East trip by top U.S. diplomat Antony Blinken will bring a halt to the Gaza war, which has raised concerns about supplies from the major producing region. Brent crude futures rose 20 cents to $78.19 a barrel at 0452 GMT, while U.S. West Texas Intermediate crude futures climbed 20 cents to $72.98.

The Centre's schemes for the power sector, including renewables, have received an allocation of at least Rs 28,352 crore in the Interim Budget 2024, up 50 percent from the revised estimate (RE) of Rs 18,945 crore in 2023-24, an analysis by Moneycontrol showed. While the National Green Hydrogen Mission (NGHM), Bio Energy initiative and hydroelectric projects were the top three gainers..

BLS E-Services, a digital service provider for banks and e-governance services, saw its stock listed at 128.9% premium over IPO price on Feb 6. This met analyst expectations of 125-130% gains, with Prashanth Tapse citing reasonable valuations, government initiatives, and a scalable business model as justifications. The issue was subscribed 162.47 times, with plans to use proceeds for technology.

Alembic Pharma is expected to launch 4-5 new products by the end of FY24 and 10-15 in FY25, with a strong focus on injectables, ophthalmology, and oncology. The company reported a 48% increase in net profit for Q3 of 2023 and is now receiving more product approvals and inspections following COVID-related delays. They plan to promote newer, high-growth potential product.

This year, the finance world mourned the loss of Harry M. Markowitz, the father of Modern Portfolio Theory. His philosophy emphasized that a diversified portfolio is less volatile than the sum of its individual parts.Brinson, Singer and Beebower’s 1991 study further underscored the significance of asset allocation, concluding that asset allocation decisions account for about 92% of a port.

Reported Standalone quarterly numbers for Divgi Torqtransfer Systems are: Net Sales at Rs 63.05 crore in December 2023 down 1.46% from Rs. 63.99 crore in December 2022. Quarterly Net Profit at Rs. 9.37 crore in December 2023 down 22.22% from Rs. 12.05 crore in December 2022. EBITDA stands at Rs. 17.53 crore in December 2023 down 9.08% from Rs. 19.28 crore in December 2022.

SP Apparels Ltd (SPAL), an garment manufacturer and exporter, has signed an agreement to acquire a 100% stake in YBAPL, which makes intimate wear for Jockey and M&S. It was strategically important acquisition in line with the company's vision to diversify into other textile and apparel categories, further strengthen its export basket, market presence and build a more broad-based business model.

Digital commerce platform OTO on Tuesday said it raised USD 10 million (around Rs 83 crore) from a clutch of investors, including cricketer K L Rahul. The fresh funding was led by GMO Venture Partners with participation from Turbostart, cricketer K L Rahul and a few other family offices as well as existing investors Prime Venture Partners, Matrix Partners, and 9Unicorns funds, OTO said.

Reported Standalone quarterly numbers for Goodyear India are: Net Sales at Rs 591.40 crore in December 2023 down 14.18% from Rs. 689.09 crore in December 2022. Quarterly Net Profit at Rs. 21.86 crore in December 2023 down 10.45% from Rs. 24.41 crore in December 2022. EBITDA stands at Rs. 44.99 crore in December 2023 down 5.76% from Rs. 47.74 crore in December 2022.