Phoenix Mills reported a 58.4% increase in its net profit for the December quarter, with revenues rising 44.2% year-on-year to Rs 986 crore. However, its shares still dropped by 5%, trading at Rs 2,550.1 on the National Stock Exchange. The company saw double-digit growth in consumption and transferred a land parcel to the BMC. Its CFO will also be quitting in March.

RBI announced digital payments connectivity with Sri Lanka and Mauritius, allowing Indian travellers to make easy payments using their UPI apps. The virtual launch of RuPay cards and UPI connectivity was witnessed by PM Narendra Modi along with leaders from Mauritius and Sri Lanka. These projects were executed by NIPL with support from RBI, Bank of Mauritius, and Central Bank of Sri Lanka.

In February, India's weightage in MSCI's Global Standard index was raised to a record high of 18.2%, nearly doubling since November 2020. This is due to standardized foreign ownership limits, a strong domestic market, and underperformance of other emerging markets, especially China. With continued institutional and foreign investor involvement, India could surpass a 20% weight by 2024.

Shree Ganesh Remedies reported a 27.18% increase in net sales, 10.38% increase in quarterly net profit, and 37.67% increase in EBITDA for the quarter ending December 2023 compared to the same period in 2022. The company's EPS also increased to Rs. 3.84 from Rs. 3.62 in December 2022. Their stock closed at 707.20 on February 12, 2024.

The National Stock Exchange reported a rise in Q3 net profit and revenue, but has not received clarity on its IPO timelines due to conditions set by the market regulator. The exchange aims to double its settlement-guarantee fund and add new data centre capacity. New players have not affected growth in derivatives volume, but co-location income is dependent on various factors.

Reported Standalone quarterly numbers for Arihant Superstructures are: Net Sales at Rs 25.27 crore in December 2023 up 59.1% from Rs. 15.89 crore in December 2022. Quarterly Net Profit at Rs. 5.90 crore in December 2023 down 15.5% from Rs. 6.98 crore in December 2022. EBITDA stands at Rs. 6.28 crore in December 2023 down 8.85% from Rs. 6.89 crore in December 2022.

Kabra Commercial reported a surge in net sales of Rs. 5.30 crore, an increase of 116.8% from the same quarter in the previous year. However, their EBITDA saw a decline of 73.44%. The company's shares have given 10.13% returns over the last 6 months and closed at 25.77 on October 06, 2023 (BSE). Employee costs and other expenses went up.

Krsnaa Diagnostics reported a 30.95% increase in net sales of Rs. 151.55 crore in December 2023 compared to the previous year. However, their net profit decreased by 19.45% to Rs. 13.59 crore. EBITDA increased by 10.2% to Rs. 42.24 crore. EPS decreased from Rs. 5.37 to Rs. 4.28. The stock price on February.

Orissa Minerals Development Company has seen a significant increase in key financial indicators in the December 2023 quarter, with net sales rising by 257.67%, net profit by 126.1%, and EBITDA by 549.65% compared to the same period in 2022. The company's EPS has also increased from Rs. 14.82 to Rs. 3.87. Its shares have shown strong performance on the NSE.

Shares of 63 Moons Technologies surged by 5% as MCX experienced technical glitches on its commodity derivatives trading platform. 63 Moons was MCX's previous tech vendor and the exchange had migrated to a new platform with TCS in December 2023. MCX and TCS are working to resolve the issue. MCX had approached 63 Moons in June 2023 to extend their services for six months, at a cost of Rs 250 crore.

Although the Sensex and Nifty bounced back from a previous fall, caution remained regarding the US inflation report. The upmove was aided by index heavyweights like Reliance Industries, ICICI Bank, and Larsen & Toubro. However, profit booking continued to hurt the broader market and correction is expected in overvalued mid and smallcap stocks.

Tripadvisor Inc said on Monday the online travel agency had formed a special committee to evaluate proposals that may result in a deal, sending its shares up 14.2% in extended trading. Centerview Partners will act as the financial adviser to the special committee, which will also look into the recent Liberty TripAdvisor Holdings' disclosure of its intent.

Galaxy Surfactants Ltd. reported a decrease in standalone quarterly numbers in December 2023 compared to the same period in December 2022. Net sales decreased by 11.48%, net profit decreased by 17.4%, and EBITDA decreased by 12.4%. The company's EPS also decreased from Rs. 17.62 to Rs. 14.55 in December 2023.

On February 13, stocks of state-run companies bounced back after a steep fall in the previous session. The BSE PSU Index rose by 1.6%, led by banking and railway shares. According to analysts, the correction was expected due to profit-booking after a year-long rally. However, they see long-term potential in these stocks, particularly in the defence and railway sectors.

Volatility in the stock market continued on February 13, with the VIX index rising by 17%. The percentage of stocks trading above their 20-day simple moving average has decreased in all major indices, showing a decrease in bullish market sentiment. Railway stocks performed well amidst an overall recovery in the markets, with Sensex gaining over 450 points thanks to contributions.