In December 2023, Gabriel India reported standalone quarterly numbers with net sales of Rs. 813.81 crore, a 14.46% increase from the previous year. The net profit also rose by 47.52%, reaching Rs. 42.96 crore. EBITDA increased by 40.46%, standing at Rs. 74.74 crore. EPS for December 2023 was Rs. 2.99, an improvement from Rs. 2.03

RBI officials say liquidity will be managed according to interest rates as a tool for monetary policy. Since April 2022, RBI has been focused on addressing inflation through accommodation withdrawal. Liquidity conditions are expected to improve in the near future and RBI remains flexible in managing liquidity through repo and reverse repo operations.

Reported Consolidated quarterly numbers for Sagarsoft are: Net Sales at Rs 44.83 crore in December 2023 down 2.51% from Rs. 45.98 crore in December 2022. Quarterly Net Profit at Rs. 3.57 crore in December 2023 up 29.43% from Rs. 2.76 crore in December 2022. EBITDA stands at Rs. 5.85 crore in December 2023 up 27.17% from Rs. 4.60 crore in December 2022.

Madhav Marbles and Granites reported a decrease in net sales and quarterly net loss for the December 2023 quarter compared to the same period in 2022. EBITDA was negative and share prices have seen a significant increase over the past six months. The company's expenditures and other financial details were also provided.

Reported Consolidated quarterly numbers for Sah Polymers are: Net Sales at Rs 25.95 crore in December 2023 up 18.65% from Rs. 21.87 crore in December 2022. Quarterly Net Profit at Rs. 0.06 crore in December 2023 down 93.35% from Rs. 0.90 crore in December 2022. EBITDA stands at Rs. 1.68 crore in December 2023 down 25.66% from Rs. 2.26 crore in December 2022.

Reported Consolidated quarterly numbers for Veejay Lakshmi Engineering Works are: Net Sales at Rs 21.29 crore in December 2023 up 53.7% from Rs. 13.85 crore in December 2022. Quarterly Net Loss at Rs. 1.36 crore in December 2023 up 57.46% from Rs. 3.21 crore in December 2022. EBITDA stands negative at Rs. 0.14 crore in December 2023 up 92.89% from Rs. 1.97 crore in December 2022.

The I-T department is likely to send out tax notices worth Rs 25,000 crore to multiple insurance companies for alleged evasion. RBI's monetary policy statement has dashed hopes of a rate cut, with analysts now predicting one in the second half of 2024. Zomato's strong Q3 performance has led to bullish target price revisions by brokerages. Jefferies has downgraded ITC stock.

Baidu has partnered with Lenovo to bring its AI technology, Ernie, to Lenovo smartphones. This is part of a larger trend of Chinese smartphone brands incorporating AI features in their devices. Baidu's competitors, including Alibaba and Tencent, also have their own AI models. The partnership with Lenovo will allow Baidu to collect more data and improve its AI capabilities.

RBI predicts 7% economic growth in FY25, with a strong momentum expected to continue from the previous year. Inflation is projected to reduce to 5.4% in FY24 and 4.5% in FY25, assuming a normal monsoon. However, uncertainties and risks such as geopolitical tensions and food price shocks still remain. The central bank has not yet completed the transmission of a 250-bps rate cut from May 2022.

Sapphire Foods on February 9 reported net profit at Rs 9 crore for the December quarter of FY24, registering a decline of 72.7 percent from Rs 33 crore in the same quarter of the previous financial year. Total revenue of the KFC and Pizza Hut operator came in at Rs 665.5 crore, up 11.6 percent from Rs 596.1 crore in the year-ago quarter, the company said in a regulatory filing.

The Rs 1,600-crore initial public offering (IPO) of Entero Healthcare Solutions is currently the largest IPO of 2024. It will close on February 13 and the price band is fixed at Rs 1,195-1,258 a share. The company plans to use Rs 142.5 crore for debt repayment and the remaining amount for working capital and inorganic growth. The lot size for investors is a minimum of 11 shares with an application

The interim budget's focus on fiscal consolidation is expected to improve India's credit rating, according to Finance Commission Chairman NK Singh. This was reflected in the surprise announcement of a lower fiscal deficit target for the next financial year. The government is also working towards reducing its debt-to-GDP ratio, which has been a concern for global rating agencies.

Domestic brokers are raising margins on the MTF service due to increased volatility in the equity markets caused by upcoming elections and stock-specific crashes. This involves borrowing funds from brokers to purchase stocks at a lower cost, with fees ranging from 7-21%. The recent market volatility has prompted several firms to increase margins, with some even pausing new MTF buying.

On February 8, HFT firms, which use complex algorithms and computers to execute trades at lightning speeds, were active in three Indian stocks: Entertainment Network India Ltd, Birla Cable Ltd, and KCL Infra. The top gainer was Entertainment Network India Ltd, while Birla Cable Ltd and KCL Infra both saw losses. These may attract retail investors, but there are no known fundamental triggers.

Despite volatile market conditions, investor confidence in Indian equities remains strong. This is evident from the significant increase in systematic investment plan (SIP) registrations and demat account additions. Factors such as a strong economy, stable earnings, political stability, and low inflation have contributed to this positive sentiment. Analysts believe that this trend will continue.