Reported Consolidated quarterly numbers for Bimetal Bearings are: Net Sales at Rs 55.03 crore in December 2023 up 1.88% from Rs. 54.01 crore in December 2022. Quarterly Net Profit at Rs. 0.74 crore in December 2023 down 74.23% from Rs. 2.88 crore in December 2022. EBITDA stands at Rs. 2.25 crore in December 2023 down 55.09% from Rs. 5.01 crore in December 2022.

Reported Consolidated quarterly numbers for Vipul are: Net Sales at Rs 157.14 crore in December 2023 up 2402.26% from Rs. 6.28 crore in December 2022. Quarterly Net Profit at Rs. 63.18 crore in December 2023 up 553.86% from Rs. 13.92 crore in December 2022. EBITDA stands at Rs. 92.39 crore in December 2023 up 3708.98% from Rs. 2.56 crore in December 2022.

Goldman Sachs has clinched $1 bn from Mubadala Investment to scour for more private credit deals in Asia. Abu Dhabi sovereign wealth fund and Goldman’s asset-management arm struck a partnership to invest alongside each other in the APAC region, with a particular focus on India. The pact follows a similar mandate the New York-based firm received from Ontario Municipal Employees Retirement System.

The domestic equity benchmark index Nifty 50 is expected to give moderate returns in the year 2024, says Emkay Global Financial Services, and has a year-end target of 24,000 for the index. It expects smallcap and midcap stocks (SMIDs) to outperform and, in general, it prefers Manufacturing to Services. It expects non-linear returns in a dad-bod shape: a muted Q1 and Q4, with the returns.

Gensol Engineering Ltd on Monday said it has secured two new solar projects worth Rs 337 crore in Rajasthan and Maharashtra. The contracts cover design, engineering, procurement, construction, and commissioning services, with modules as free-issue items, Gensol Engineering said in an exchange filing. "The first order is for a 250 MW/350 MW ISTS (Inter State Transmission System)

Stocks To Buy: Steel Authority of India Ltd (SAIL) is the Positional pick of HDFC Securities with a target price of ₹145-150. The stock is trading at close to ₹127  levels and HDFC Securities has recommended averaging level of ₹123. With a stop  loss for SAIL at ₹119, HDFC Securities recommended a target price of Rs145-150 .Time horizon for achieving target price for SAIL by HDFC Securities.

Shares of Asian Paints fell nearly 5% on Monday to the day's low of Rs 2,847.80 on the NSE in the opening trade after CLSA downgraded the stock to 'Sell' from an earlier rating of 'Underperform'. In its review of the stock, the Hong Kong-based brokerage maintained that growing competition could have an impact on the near-term growth and margins of the paint maker.

The statistics ministry released the results of its 2022-23 (August-July) Consumer Expenditure Survey late on February 24. This finally provides data on the latest consumption patterns of Indians in rural and urban areas, with official statistics as well as researchers having had to work with data from the survey conducted in 2011-12 (July-June).

Strong traction from both global and domestic OEMs in the Indian EMS industry is evident from the healthy sequential and YoY growth in order flows across players and verticals in 3QFY24. 📌Syrma SGS Technology Ltd: Buy| Target Rs 720| LTP Rs 525| Upside 37% 📌Kaynes Technology India Ltd: Buy| Target Rs 3,300| LTP Rs 2849| Upside 15%.

Indian market is likely to consolidate on Monday, tracking mixed global cues.The Nifty Futures witnessed a flat closing on Friday while Open Interest declined by 1.01%, but the trend remains on the upside as long as Nifty holds above 22000, suggested experts.“The Nifty50 is likely to witness support around the 22,070-22,100 zone & until this zone holds, the trend remains positive.

As trade ministers gather at the World Trade Organization summit in Abu Dhabi this week, one of the villains will, as usual, be India. And, certainly, there’s some justice to the complaint that Indian negotiators are far too ready to block consensus at such confabs unless granted concessions on their own priorities. Saying “no” often comes too easily to them.

Shares of YES Bank fell nearly 4% to the day's low of Rs 25.25 on Monday, extending their losses to the second straight session and falling over 7% following last week's downgrade by Goldman Sachs, where it issued a 'Sell' rating. The development comes ahead of YES Bank's analyst meeting with Jefferies India and Artisan Partners on Thursday.

HDFC Bank received approval from the Reserve Bank of India (RBI) to sell its 90% stake in the education loan company HDFC Credila Financial Services Ltd- a move that will boost private lender’s income in the fourth quarter. HDFC, the erstwhile term lending institution, had executed a definitive agreement to divest 90% of its stake in HDFC Credila subject to approval from the regulator.

Prime Minister Narendra Modi will lay the foundation stone for upgrading the Gurugram railway station on February 26, and dedicate around 2,000 railway infrastructure projects worth Rs 41,000 crore through video conferencing. "Today is a historic day for our Railways! At 12:30pm, 2,000 railway infrastructure projects worth over Rs. 41,000 crores will be dedicated to the nation," PM Modi said.

Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher believes that the Nifty 50 index went past the crucial 22,000 level decisively in the previous week. Stocks to buy today 📌Jai Corp: Buy at ₹338.50, target ₹355, stop loss ₹330; 📌IDFC First Bank: Buy at ₹82.85, target ₹87, stop loss ₹80.50; and 📌Happiest Minds: Buy at ₹848.60, target ₹890, stop loss ₹830.