Sambhaav Media's standalone quarterly results for December 2023 showed a 3.89% increase in net sales, a 636.82% increase in net profit, and a 58.33% increase in EBITDA compared to the same period in 2022. The company's EPS also increased from Rs. 0.00 to Rs. 0.02. The stock has seen a 43.90% return over the last 6 months.
Open FlipReported Standalone quarterly numbers for Competent Automobiles Company are: Net Sales at Rs 669.30 crore in December 2023 up 29.3% from Rs. 517.63 crore in December 2022. Quarterly Net Profit at Rs. 7.53 crore in December 2023 up 18.07% from Rs. 6.38 crore in December 2022. EBITDA stands at Rs. 22.94 crore in December 2023 up 13.96% from Rs. 20.13 crore in December 2022.
Open FlipAdarsh Plantation Projects had a successful quarter, with a 73.19% increase in net sales and a 191.73% increase in net profit compared to the same period last year. EBITDA also saw a significant rise of 344.44%. The company's stock closed at 28.19 on February 09, 2024 with a strong 39.28% return over the last 6 months and 63.42%.
Open FlipShilp Gravures reported standalone quarterly results for December 2023, with an increase in net sales by 0.34% and net profit by 90.98%. EBITDA also saw a significant increase at 35.04%, while EPS rose from Rs. 2.54 to Rs. 4.85. The company's stock closed at 174.75 on the BSE, with a return of 47.22% in the last 6 months.
Open FlipStellant Securities (India) reported significant growth in their standalone quarterly numbers for December 2023. Net sales increased by 676.7%, net profit by 587.31%, and EBITDA by 575%. The company's EPS also saw a sharp increase from Rs.0.52 to Rs.3.58. The stock closed at Rs.14.40 on the BSE on February 5, 2024. The company has not disclosed any information about their share.
Open FlipRiddhi Siddhi Gluco Biols reported strong standalone quarterly numbers, with net sales increasing by 1327.79% to Rs. 122.27 crore in December 2023 compared to the same period in 2022. Net profit also showed a growth of 72.38%, reaching Rs. 16.52 crore. EBITDA saw a 91.95% increase to Rs. 28.62 crore. The company's EPS for the quarter increased.
Open FlipThe deputy commissioner of Mangaluru announced that a survey will be conducted in two villages to address land issues. During a grama vastavya, various concerns were raised, including lack of alternative sites for families affected by natural calamities and shortage of village accountants. The DC also directed officials to look into improving transportation and consider simplifying gun license.
Open FlipShares of sustainable energy solutions provider Gensol Engineering saw a 3% increase in trading, while the Nifty was down. Together with Matrix Gas & Renewables Ltd., they announced the grant of manufacturing capacity for an advanced electrolyser plant under the SIGHT program, a step towards India's commitment to green hydrogen and net-zero emissions. With a production capacity of 63 MW per annum.
Open FlipItalian Edibles, a confectionery company, debuted on the stock market at a 19% discount from its IPO price of Rs 68. It had a 17% premium in the grey market before listing. The issue was subscribed 154.43 times and the proceeds will be used for manufacturing, repayment of borrowings, working capital, and other expenses. The company offers a variety of products under its brand OfCour.
Open FlipThe Enforcement Directorate (ED) has attached multiple prime properties in Delhi and Gurugram under the Prevention of Money Laundering Act. The value of these properties, estimated at under Rs 70 lakh, has been questioned for being undervalued and enabling ED to attach more assets than necessary. This method of valuation has been upheld by the Supreme Court in a recent judgment.
Open FlipThe Reserve Bank of India's digital currency pilot program saw transactions worth Rs 5.70 crore in the first four months, with plans to introduce programmability and target a user base of 10 lakh by December. However, experts predict a slow start for retail CBDC adoption due to the dominance of UPI in the digital payments space. Banks like SBI and Bank of Baroda are ambitious about scaling up.
Open FlipShiv Sena leader Uddhav Thackeray demands that 50% of the funds collected from Maharashtra be returned by the Centre for state development. He criticizes the current tax-sharing formula and calls for a change. Thackeray also takes a dig at PM Modi's "Modi ki Guarantee" promise, stating it is based on taxes collected from states like Maharashtra.
Open FlipBerger Paints Ltd, part of the paint industry, fell more than 18% from its September 2023 high to trade below its long- and short-term moving average suggests a bearish trend.Short-term traders can look to go short in the stock for a possible retest of Rs 510 levels in the next 3-4 weeks, suggest experts.The paint stock hit a high of Rs 679 on 22nd September 2023, but it failed to hold.
Open FlipShares of Honasa Consumer, which owns and operates Mamaearth, jumped nearly 10% to the day's high of Rs 475 on the NSE on Monday after the company reported 265% year-on-year (YoY) growth in its consolidated net profit to Rs 26 crore for the quarter ended December which was up from Rs 7.1 crore in the year-ago period.Over 18.53 lakh shares were trading on the NSE around 9:50 am with the traded.
Open FlipOn Monday, benchmark equity indices were largely unchanged as investors awaited key inflation data and digested news of the RBI's reluctance to cut interest rates. On Monday, key equity indices traded flat, with the BSE Sensex up 52 points and Nifty50 up 11 points in early trade. Last week, both indices saw losses due to the RBI's announcement of no immediate rate cuts and projections.
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