Reported Standalone quarterly numbers for Somany Ceramics are:Net Sales at Rs 598.47 crore in December 2023 down 2.97% from Rs. 616.77 crore in December 2022.Quarterly Net Profit at Rs. 21.09 crore in December 2023 up 21.07% from Rs. 17.42 crore in December 2022.EBITDA stands at Rs. 43.13 crore in December 2023 up 21.12% from Rs. 35.61 crore in December 2022.

Reported Standalone quarterly numbers for Aro Granite Industries are: Net Sales at Rs 33.35 crore in December 2023 down 2.8% from Rs. 34.31 crore in December 2022. Quarterly Net Profit at Rs. 0.08 crore in December 2023 up 101.12% from Rs. 7.14 crore in December 2022. EBITDA stands at Rs. 6.98 crore in December 2023 up 2038.89% from Rs. 0.36 crore in December 2022.

Reported Standalone quarterly numbers for Panama Petrochem are: Net Sales at Rs 371.43 crore in December 2023 down 14.36% from Rs. 433.73 crore in December 2022. Quarterly Net Profit at Rs. 30.61 crore in December 2023 down 23.3% from Rs. 39.91 crore in December 2022. EBITDA stands at Rs. 46.61 crore in December 2023 down 19.3% from Rs. 57.76 crore in December 2022.

Reported Standalone quarterly numbers for SJS Enterprises are: Net Sales at Rs 91.05 crore in December 2023 up 27.38% from Rs. 71.48 crore in December 2022. Quarterly Net Profit at Rs. 16.54 crore in December 2023 up 15.51% from Rs. 14.32 crore in December 2022. EBITDA stands at Rs. 27.71 crore in December 2023 up 15.12% from Rs. 24.07 crore in December 2022.

Reported Consolidated quarterly numbers for Somany Ceramics are:Net Sales at Rs 612.14 crore in December 2023 down 1.65% from Rs. 622.41 crore in December 2022.Quarterly Net Profit at Rs. 22.19 crore in December 2023 up 85.69% from Rs. 11.95 crore in December 2022.EBITDA stands at Rs. 61.84 crore in December 2023 up 38.44% from Rs. 44.67 crore in December 2022.

Reported Consolidated quarterly numbers for Panama Petrochem are: Net Sales at Rs 511.83 crore in December 2023 down 10.63% from Rs. 572.69 crore in December 2022. Quarterly Net Profit at Rs. 41.36 crore in December 2023 down 17.53% from Rs. 50.15 crore in December 2022. EBITDA stands at Rs. 58.47 crore in December 2023 down 15.26% from Rs. 69.00 crore in December 2022.

The government's Union Budget 2024 focused on clean energy, leading to a 10% jump in energy stocks. BPCL saw the biggest gains followed by IOC. Brent crude prices have dipped below $80 per BBL, contributing to the rally. FM Sitharaman announced measures for renewable energy and increased allocations for solar power. Other initiatives include setting up coal gasification and liquefaction capacity.

The allocation for the Mahatma Gandhi National Rural Employment Guarantee Act remains unchanged at Rs 86,000 crore for FY 25. Allocation for the rural job scheme under MGNREGA recorded a steep cut of 33 percent in the FY24 Budget compared to the revised estimate of Rs 89,400 crore in the financial year 2022-23. The outlay for the Swach Bharat Mission has been increased to Rs 12,192 crore.

Shares of state-run power companies SJVN, NHPC and Power Grid surged up to 14 percent to new highs on February 2, a day after Finance Minister Nirmala Sitharaman announced an increase in budgetary allocation to the sector in the interim budget. The allocation was 17 percent higher at Rs 93,200 crore from the revised estimates of Rs 79,616 crore last year. Investors reacted positively to NHPC.

The Interim Budget, according to veteran investor Shankar Sharma, was not expected to deliver big-bang reforms. On February 1, the Finance Minister Nirmala Sitharaman presented the vote-on-account or interim budget before the Lok Sabha Polls that are expected to be held in April or May. “It (interim budget) seems pretty much like a continuity of what the policies have been.

There is no greater joy for bankers than the government saying that it is going to borrow less, or it isn’t going to borrow more. And an icing on the cake are phrases like “sticking to the fiscal consolidation path”. Post pandemic, seldom have the bankers heard such phrases. Therefore, when Finance Minister Nirmala Sitharaman reiterated this in her budget speech it was nothing less than music.

Stock traders were ready with band, baaja on Budget Day but the baaraat (party) came a day late as market participants were able to grasp the full implications of Nirmala Sitharaman's no-compromise Budget only the next day. Sensex jumped over 1,400 points on Friday, while Nifty crossed its previous peak of 22,124, also referred to as the Ram Mandir peak in Street parlance.

Veteran investor Samir Arora of Helios Capital says Paytm may not have a corporate governance issue as opposed to an issue within the regulated bank and non-regulated fintech entities. Paytm became the focal point of analysts and investor alike since the Reserve Bank of India imposed restrictions on its lending business. This included restrictions against accepting new deposits.

Following Finance Minister Nirmala Sitharaman's interim Budget speech, railway-linked stocks like IRFC, RVNL, and Railtel saw a 3-5% drop in their stock prices. Despite expectations, the allocated capital expenditure for Indian Railways is marginally higher than last year's budget. Analysts were hopeful for an increase in Dedicated Freight Corridor, rolling stock, and High-Speed Rail Networks.

Indian equity indices, BSE Sensex and NSE Nifty 50 are expected to open positively on Friday according to GIFT Nifty. Key stocks to watch include Titan Company, Jindal Steel & Power, Lupin, Gokaldas Exports, Ultratech Cement, UFO Moviez India, and PB Fintech. In other news, Tata Group may form a joint venture with Taiwan firm Pegatron, while Zee Entertainment's largest shareholder has sold 42%