Stocks in China dropped as the Shanghai Composite fell over 2%. Japan's Nikkei and Asia Dow bucked the trend with slight gains, while other Asian indices also traded down. The Chinese securities regulator announced new measures to prevent financial crimes and a growth slowdown in China's services sector was reported. Australia and South Korea's stocks also declined, while US futures.

European shares edged higher at open on Monday as more upbeat earnings reports rolled in, although broader sentiment remained subdued as investors reassessed their interest rate cut expectations. The pan-European STOXX 600 index was up 0.2%, as of 0835 GMT. Delivery Hero gained 2.8% after the German online takeaway food company posted an above-guidance core profit for 2023.

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In its standalone quarterly report, Prakash Woollen & Synthetic Mills saw a 5.42% increase in net sales in December 2023 compared to the same period in 2022. Its net profit also increased by 219.38%. The company's EBITDA saw a significant rise of 2052.38% and its EPS increased from Rs. 1.41 to Rs. 1.68. The company's shares closed at Rs. 36.50.

February kicked off on a positive note for Indian equities, thanks to a pro-growth budget and indications of no immediate rate hike from the US Federal Reserve. However, there are key events like RBI's monetary policy meet, corporate earnings, FPI inflows, and geopolitical risks that will determine market momentum. Historical trends show February could be challenging.

In April 2021, as the world faced the third wave of Covid and fears of the Omicron variant, radio and print stocks were being priced to bankruptcy due to localized lockdowns and decreased ad spending. However, there are signs that the sector may be undervalued and offer potential for alpha creation. Unique factors in the Indian context, such as low-cost delivery and high illiteracy rates.

Paramone Concepts recorded a significant increase in net sales by 58.14% from the previous quarter but also saw a net loss of Rs. 8.63 crore, down 687.79%. EBITDA also decreased by 369.46% compared to the previous year. The company's shares have seen negative returns over the last 6 and 12 months. Promoters and promoter group shareholding information is not available.

Akasa Air, India's youngest airline, plans to raise $300 million in structured credit through Swiss bank UBS to fund its expansion. It previously ordered 150 Boeing 737 Max aircraft and plans to purchase 226 in total. The airline reported operating revenue of Rs 777.85 crore and continues to attract investors despite losses due to the growth in domestic air traffic.

Megatherm Induction had a successful IPO listing on February 5, with a premium of 83.3% over the issue price. The stock opened at Rs 198 and was trading at a 100% premium in the grey market before listing. The offer saw strong subscription, with non-institutional investors buying 307 times their allotted shares. The company plans to use the proceeds to fund capital expenditure.

Reported Standalone quarterly numbers for Gujarat Cotex are: Net Sales at Rs 4.39 crore in December 2023 up 14.54% from Rs. 3.83 crore in December 2022. Quarterly Net Profit at Rs. 0.09 crore in December 2023 up 642.86% from Rs. 0.01 crore in December 2022. EBITDA stands at Rs. 0.09 crore in December 2023 up 800% from Rs. 0.01 crore in December 2022. Guj Cotex EPS has increased to Rs. 0.06.

Reported Standalone quarterly numbers for Repro India are: Net Sales at Rs 81.12 crore in December 2023 up 5.49% from Rs. 76.90 crore in December 2022. Quarterly Net Profit at Rs. 2.91 crore in December 2023 up 11.92% from Rs. 2.60 crore in December 2022. EBITDA stands at Rs. 11.68 crore in December 2023 up 5.32% from Rs. 11.09 crore in December 2022. Repro India EPS has decreased.

Metropolis Healthcare reported its standalone quarterly numbers for December 2023, showing a 1.83% increase in net sales compared to the same period in 2022. However, there was also a decrease of 18.67% in net profit and 11.44% in EBITDA. The EPS has decreased from Rs. 6.41 to Rs. 5.21 and the shares have given a return of 19.68% over the last 6 months

Debt mutual funds are preferred by investors for exposure to fixed income assets due to tax efficiency. However, new income tax laws from April 2023 will change the taxation on mutual fund units. Pure debt funds will now come under short-term capital gains regime with applicable income tax slab rates. To counter this, investors can consider arbitrage and equity savings funds.

Reported Standalone quarterly numbers for Transcorp International are: Net Sales at Rs 540.05 crore in December 2023 down 27.68% from Rs. 746.74 crore in December 2022. Quarterly Net Profit at Rs. 0.10 crore in December 2023 up 254.55% from Rs. 0.03 crore in December 2022. EBITDA stands at Rs. 1.01 crore in December 2023 up 48.53% from Rs. 0.68 crore in December 2022.

Choksi Labs reported its standalone quarterly results for December 2023, with a 12.24% increase in net sales to Rs. 8.79 crore and a net profit of Rs. 0.06 crore, up 147.24%. However, EBITDA decreased by 3.43% to Rs. 2.25 crore. EPS increased to Rs. 0.09. The company's shares closed at 58.72 on February 02, 2024.