The Union Finance Minister highlighted an increase in women's participation in the workforce and enrollment in higher education, especially in STEM courses. She attributed this to government initiatives like making triple talaq illegal, reservation of seats for women in Parliament and state assemblies, and allocating a majority of houses under PM Awas Yojana to women.
Open FlipIn the past year, while foreign investors have been unpredictable, domestic institutions have consistently invested in the stock market to keep it booming. Despite some volatility, the market has seen a 23% increase in Nifty and 20% increase in Sensex. Meanwhile, mutual funds are flooded with retail money, leading to a bullish trend.
Open FlipOswal Yarns reported its standalone quarterly results for December 2023, with a net sales increase of 101.45% and a net loss increase of 85.77% compared to the same period in 2022. EBITDA also increased by 110%. Share prices closed at 5.32 on January 29, 2024, with -6.67% returns over the last 6 months.
Open FlipPB Fintech's standalone quarterly numbers show a decrease in net sales by 15.16% and an increase in quarterly net profit by 1252.9%. EBITDA has also increased by 2440.34%, resulting in an increase in EPS from Rs. 0.05 to Rs. 0.60. The company's shares have shown positive returns of 37.02% in the last 6 months.
Open FlipMillions of Indians still dream of owning a home and the government is expected to take steps to make this a reality in the upcoming interim budget. The Indian real estate market is predicted to continue its positive growth due to factors such as infrastructure development, lower borrowing costs, and tax reforms. The Pradhan Mantri Awas Yojana (PMAY) has already been implemented.
Open FlipAkshar Spintex reported strong standalone quarterly numbers for December 2023, with a 44.36% increase in net sales, 47.37% increase in net profit, and 18.27% increase in EBITDA compared to the same period in 2022. However, EPS decreased from Rs. 0.19 to Rs. 0.03. The company's stock closed at 5.08 on January 31, 2024.
Open FlipIn the December 2023 quarter, Surbhi Industries reported an increase in net sales by 36.55% compared to the same period in 2022. However, there was a net loss of Rs. 0.03 crore, which is a significant improvement from the previous year's loss of Rs. 1.87 crore. EBITDA also saw a significant increase of 240.98%.
Open FlipHere are three buy calls for short term: 📌DCW: Buy | LTP: Rs 69 | Stop-Loss: Rs 60 | Target: Rs 80 & Rs 85 | Return: 23% 📌Trident: Buy | LTP: Rs 47.6 | Stop-Loss: Rs 43 | Targets: Rs 53 & Rs 60 | Return: 26% 📌Exide Industries: Buy | LTP: Rs 335 | Stop-Loss: Rs 323 | Targets: Rs 345 & Rs 355 | Return: 6%
Open FlipIndia Motor Parts and Accessories reported its standalone quarterly results for December 2023. Net sales were at Rs. 182.00 crore, down 2.13% from the same period in 2022. However, net profit saw a 13.05% increase to Rs. 14.90 crore, with EBITDA rising by 8.27%. The company's EPS also increased from Rs. 10.56 to Rs. 11.94.
Open FlipTexmaco Infrastructure & Holdings has reported its standalone quarterly results. Net sales decreased by 5.16% to Rs. 2.28 crore in December 2023. However, net profit increased by 75.19% to Rs. 0.57 crore and EBITDA saw a slight increase of 1.44%. EPS also increased from Rs. 0.03 to Rs. 0.04. The stock has performed well.
Open FlipReal estate developers are hoping for infrastructure status in the 2024 interim union budget, which will bring transparency and access to cheaper capital. The Indian real estate sector is estimated to reach $1.04 trillion by 2029, but remains largely unorganized. Experts say this move will also streamline regulations and promote sustainable development.
Open FlipTriveni Engineering and Industries reported quarterly results for December 2023, with net sales at Rs. 1,553.38 crore, up 6.3% from the previous year. Quarterly net profit decreased by 6.3%, while EBITDA also saw a decline of 6.84%. Triveni Engg EPS increased to Rs. 6.26, while its shares closed at 342.25 on January 31, 2024.
Open FlipThomas Cook (India) reported positive standalone quarterly numbers for December 2023. Net sales increased by 27.86%, while net profit saw a significant rise of 194.47%. EBITDA also showed growth of 228.66%. Thomas Cook's EPS increased to Rs.0.24 from Rs.0.25 in the same quarter last year. The company's shares closed at Rs.172.85 on January 31, 2024.
Open FlipSuzlon Energy has reported a slight decrease in net sales but a significant increase in net profit for the December 2023 quarter compared to the same period in 2022. EBITDA has also seen a considerable growth, leading to an increase in EPS. The company's stock closed at a high of 45.95 and has shown impressive returns in the last 6 and 12 months.
Open FlipBlue Star has seen an increase in its standalone quarterly numbers with a 24.64% growth in net sales and a 47.23% increase in net profit in December 2023 compared to the same period in 2022. The company's EPS decreased from Rs. 5.41 to Rs. 3.73, and its shares have given 45.42% returns over the last 6 months and 85.44% over the last 12 months.
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