Sambandam Spinning Mills reported a decrease in net sales by 6.36% and an increase in quarterly net loss by 48.64% in December 2023 compared to the same period in 2022. EBITDA also increased by 101.09%. The company's shares closed at 80.00 on January 29, 2015 (NSE). Expenses such as raw materials, power and fuel, and employee costs were higher.

Reported Standalone quarterly numbers for Gravity India are: Net Sales at Rs 0.43 crore in December 2023 down 73.04% from Rs. 1.60 crore in December 2022. Quarterly Net Loss at Rs. 1.95 crore in December 2023 down 3675.09% from Rs. 0.05 crore in December 2022. EBITDA stands negative at Rs. 1.86 crore in December 2023 down 6100% from Rs. 0.03 crore in December 2022.

In December 2023, Arihant Capital Markets reported a significant increase in quarterly net sales, net profit, and EBITDA. The company's EPS also increased. Their stock has shown strong returns over the past 6 and 12 months. In December 2023, their net sales stood at Rs. 71.07 crore, up 118.2% from the same period in 2022. Net profit was at Rs. 18.01 crore.

Mangal Credit and Fincorp reported a strong quarter with an increase in net sales by 47.75% and net profit by 34.06%. EBITDA also grew by 42.89%, leading to an increase in EPS from Rs. 1.10 to Rs. 1.48. Despite a decline of -2.57% over the last 12 months, the stock showed a 12.72% return over the past 6 months.

The government is proposing to remove the edit option for buyers and sellers to revise their output liability in the next financial year, in order to improve compliance and prevent fake invoicing. This change may lead to certain challenges, such as reduced flexibility for correcting errors and increased administrative workload, but could also effectively manage false Input Tax Credit issues.

Gold prices fell on Monday as the dollar strengthened to an 8-week high, on the back of better-than-expected US jobs data. This has dashed hopes of an imminent rate cut by the Federal Reserve and pushed investors towards the greenback. MCX April gold futures and March silver contracts were trading lower, while Comex gold and silver futures were also down.

IndiGo Airlines' stock climbed 5.6% after reporting a consolidated net profit of Rs 2,998 crore in Q3, up by 111% YoY. Its EBITDAR increased by 61% and it carried 23% more passengers compared to the same period last year. Analysts recommend buying the stock due to strong financial performance and expectations of a duopolistic industry structure with IndiGo and Air India dominating the market.

Individuals can take advantage of deductions and exemptions under the Income-tax Act to save taxes on income earned during FY 2023-24. Factors like tax regime chosen and investments/expenses made determine the amount of tax savings. The new default tax regime offers fewer deductions, while the old one allows for more deductions such as HRA, LTC, and Sections 80C/D/CCD(1B)/ CCD (2).

How can you make the money we have work better? Instead of a family member having an idea that only foreign investors should buy our assets, and mortgaging public assets in terms of sustainability. There will be some windfall gains. It's not as if this (mobilising resources) is creating losses. It's not. That also we are very paranoid about. It's not. The one way it can create a loss.

Mayank Cattle Food, a manufacturer of maize cake and maize oil, debuted on the BSE SME platform with a 7.4% premium on Monday. The IPO was subscribed 8 times and will be used for working capital and expansion. The company operates in a growing sector, with India being the fourth-largest producer of animal feed. In the September quarter, it reported revenues of Rs 75.27 crore.

Geojit's Agri Picks report revealed that the area under rabi crops in India is slightly higher this year compared to the previous year, according to data from the Ministry of Agriculture. The report also mentioned the increase in wheat acreage and a decrease in pulses acreage. Mustard was the most profitable crop for farmers, while Andhra Pradesh saw a decline in sown area.

Megatherm Induction, a company engaged in manufacturing induction heating and melting products, saw its shares list at a premium of 108.3% on the NSE SME platform on Monday. This was much higher than its issue price of Rs 108. The IPO raised Rs 54 crore from selling fresh equity shares and the funds will be used for factory construction, working capital and general corporate purposes.

Cochin Shipyard's shares increased by 1.32% after signing a Rs 150-crore contract with the Indian Navy for refitting two vessels. Its net profit surged 121% and revenue rose 64% in Q4 of FY24. A second interim dividend of Rs 3.50 per share was recommended, and a new dry dock and ship repair facility costing Rs 1,799 crore opened in Kochi.

On Feb 5, Tata Motors' shares rose by 7% on NSE after reporting strong Q3 numbers that exceeded expectations. The stock's value has risen by 99% in the last year. This quarter, the company's profit grew by 137.5% to Rs 7,025 crore, revenue increased by 25%, and EBITDA by 59%. Jefferies recommends buying with a target price of Rs 1,100, citing an expected.

Sensex and Nifty reached record highs after Finance Minister Nirmala Sitharaman's budget announcement, showing investors' confidence in fiscal consolidation and capex momentum. However, global factors like the Fed’s rate cut indication and the Red Sea crisis could impact the market sentiment. The BJP's positive electoral performance could also boost the markets.