Glenmark Pharma shares rebounded by 6% in opening trade on February 15 after a 4% slump the previous day due to a net loss of Rs 330.8 cr in the December quarter. The loss was influenced by lower sales, forex loss, and other exceptional items. The company also implemented changes in its distribution model in India, leading to a drop in revenue. Excluding one-time effects, the revenue grew by 9%.

Over 100 homebuyers of Godrej Summit project in Gurugram have opted for the buyback offer due to construction quality flaws. The company plans to complete the repairs and buyback of apartments by end of 2024, spending Rs 155 cr and expecting to fully recover the cost by reselling the apartments. Homeowners are still unhappy with the slow pace of repair work.

The iconic Charging Bull in Manhattan represents the stock market, and there are comparisons being made between the current market and the tech bubble of the 90s. But according to Societe Generale, the S&P 500 would need to rise by another 25% to reach the same levels of "irrational exuberance" as the dot-com era.

Multiple brokerage firms have published their recommendations for various companies, including Crompton Greaves Consumer, Bharat Forge, M&M, and Gland Pharma. Morgan Stanley maintained an Equal Weight rating on CG Consumer, with a target price of Rs 281, while also maintaining an overweight rating on Bharat Forge with a target price of Rs 1346. Jefferies recommended a hold rating on M&M.

Alpex Solar had a successful IPO with overwhelming response, leading to a 186% premium on its debut on NSE SME platform. Its PV modules are made using both monocrystalline and polycrystalline cell technologies. The company's solar energy products include bifacial, mono perc, half-cut modules as well as integrated solutions like EPC of DC/AC solar pumps.

GST department issues notices to builders for reversing input tax credit on unsold apartments which were sold after receiving BU permissions. Notices issued for claiming excess ITC and not following new GST rates of 1% or 5%. Minimum 80% input must be received from registered suppliers to avail concessional rates. Tax on shortfalls and unregistered supplier's cement must be paid under RCM.

HPL Electric & Power saw a 10% increase in its share price after reporting a strong net profit of ₹11.95 crore for the December-ending quarter. The company's revenue also grew by 21.22% year-over-year to ₹366 crore. This growth was driven by a 28% increase in the Metering & Systems segment and a 13% increase in the Consumer & Industrial segment.

Shares of Yes Bank saw a 0.5% increase on February 15th, with 39 crore shares being sold for Rs 1,129 crore in bulk deals. According to CNBC Awaaz, Carlyle Equity sold its 1.36% stake in the bank, doubling their investment in less than 2 years. This comes after Yes Bank reported a strong Q3FY24 performance with a net profit increase and steady NPA levels.

Adani Green Energy's share price continued to rise for the second consecutive session, jumping 6% in morning trades on Thursday. The company recently operationalized a 551 MW solar capacity plant in Gujarat and announced plans for a record-setting 30 GW renewable energy plant in Khavda. Moody's also upgraded four Adani firms to stable following improved financials and timely debt repayments.

Juniper Hotels, a luxury hotel developer in India that operates properties under the Hyatt chain, has priced its initial public offering (IPO) at Rs 342-360 per share, with a total value of Rs 1,800 crore. The IPO will be open from February 21 to 23 and 10% of the issue is reserved for retail investors. The company plans to use the funds to repay debt and for general corporate purposes.

Mahindra and Mahindra Limited saw a surge of 4 percent in their shares on February 15, thanks to an impressive 60 percent increase in net profit in Q3. The strong performance was driven by the automotive segment, favorable product mix and operating leverage benefits. With a growth rate of 16 percent year-on-year, revenue reached Rs 25,642.4 crore.

S&P Global Ratings predicts that higher prices for coal will delay Indian steel-makers' plans for reducing debt. Instead, their debt will likely remain at current levels due to narrower steel spreads and increased input costs. S&P now estimates the consolidated debt of major steel makers to be 2.1 trillion rupees, up from previous estimates.

Mutual fund managers are being selective in their stock choices due to overvalued mid-cap and smallcap stocks. In January, they focused on pharmaceuticals and made changes in their BFSI holdings after private lenders' stocks dropped. Top picks include IndusInd Bank, Bank of India, GlaxoSmithKline Pharma, and other leading companies.

Jefferies predicts a potential rerating in shares of public sector undertakings due to their cheaper valuations compared to the Nifty and the government's focus on 'value maximisation'. They recommend SBI, Coal India, and NTPC among top picks. The BSE PSU Index has rebounded by 3.42% and profitability ratios have also improved for most PSUs. PSU banks have a potential for 25-30% rerating.

US inflation spike rattles Wall Street, but markets recover on upbeat economic outlook. Traders saw a rebound in Treasuries after an initial selloff triggered by concerns of the rising inflation rate. Federal Reserve rate-cut expectations have been reset and investors should expect continued volatility as the market sorts out uncertainties related to potential responses from the Fed.