AksharChem (India) reported strong standalone quarterly results for December 2023, with a 15.99% increase in net sales and a 122.98% rise in quarterly net profit compared to the same period in 2022. EBITDA also showed a significant increase of 158.42%. EPS has increased to Rs. 0.41 from Rs. 1.77 in December 2022.

Railway-related stocks surged on Thursday morning ahead of the interim Budget, with IRCON International and Texmaco Rail & Engineering leading the gains. Experts predict a rise in investment and introduction of new projects and Vande Bharat trains. The BSE Sensex and Nifty also saw positive movements. Finance Minister Nirmala Sitharaman will present the Budget at 11 am.

Mahindra & Mahindra Ltd on Thursday said its total vehicle sales grew 15 per cent year-on-year to 73,944 units in January. The utility vehicle sales stood at 43,068 units in the previous month as against 32,915 vehicles sold in January last year, growing 31 per cent year-on-year, M&M Ltd saidThe commercial vehicle domestic sales during the month under review stood at 23,481 units.

In the last year, only a handful of largecap and midcap stocks have performed well in the market. Adani Group stocks, still recovering from the Hindenburg report, top the list of losers. Banks like HDFC and PSU banks are facing challenges, while UPL is the biggest loser among midcaps. Smallcaps have even more underperformers, with 260 stocks bleeding investor wealth.

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.

In 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.

Oswal 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.

PB 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.

Millions 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.

Akshar 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.

In 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%.

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India 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.

Texmaco 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.

Real 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.