In the December 2023 quarter, SJS Enterprises saw a significant increase in net sales (50.96%) and net profit (32.16%). EBITDA also rose by 45.25%. EPS climbed from Rs. 5.16 to Rs. 6.72. Despite this positive financial performance, the company's shares on NSE closed with -9.88% returns over the past 6 months. The promoter group's shareholding remains the same.

In the December 2023 quarter, Hester Biosciences reported a decrease in net sales by 7.44% to Rs. 65.51 crore and a decrease in net profit by 39.65% to Rs. 6.48 crore. EBITDA also decreased by 37.09% to Rs. 12.55 crore. EPS has decreased from Rs. 12.61 to Rs. 7.61. The stock has given negative returns.

Aptus Value Housing Finance India reported positive numbers in December 2023, with a 22.76% increase in net sales and a 25.5% increase in net profit compared to the same quarter in 2022. Their EBITDA also rose by 23.71%. The company's EPS increased from Rs. 2.53 to Rs. 3.16 in the same period. As of February 2024, their shares have given a 40.

AAVAS Financiers reported strong financial results for the quarter ending December 2023, with a 23.51% increase in net sales and an 8.96% increase in net profits compared to the same period in 2022. The company's EBITDA also showed a significant rise of 27.12%. However, AAVAS Financier shares have seen a negative return of -3.27% over the last 6 months and -18.30%

Shares of PB Fintech, parent company of Policybazaar, dropped after Claymore Investments sold its stake for over Rs 2,425 crore. The buyer is unknown. PB Fintech reported a profit of Rs 37 crore in the December quarter, with revenue growing by 43%. Over the past year, shares have gained 130%, but experts advise seeking advice before making investment decisions.

TVS Motor Company's stock rose 2.4% after reporting a 23% increase in vehicle sales in January, selling 339,513 units. Motorcycle and scooter sales grew by 29% and 24%, respectively, while EV sales surged by 34%. Exports also saw a 22% growth, but three-wheeler sales declined. The company faced constraints in availability of containers, affecting dispatches.

On February 2, the Mahindra Group announced changes in its businesses, including a new CFO and MD/CEO for different companies. Barua will become the group CFO on May 17, 2024 while Bhat will take on the role of MD/CEO at MHRIL from the same date. Agarwal will also switch roles within the group and new talent, Bapat, will join as CFO of MLDL. Current executive Kavinder Singh will be leaving.

The RBI directed Paytm Payments Bank to stop accepting deposits and conducting credit transactions, leading to a 20% decrease in the stock price of its associate company, One97 Communication. Brokerages downgraded the rating on the stock and market capitalization fell by Rs 9,666 crore. The company is working to reduce its dependency on Paytm Payments Bank.

The Indian government plans to reduce reliance on imported edible oils by promoting domestic production and investing in post-harvest activities for better market linkages. They aim to achieve self-sufficiency through strategies like the Atmanirbhar Oilseeds Abhiyan and expanding usage of nano diammonium phosphate fertiliser. Efforts will also be made to increase value addition in the agriculture.

India and Nepal signed MoUs for three projects in education, health, and culture sectors, worth NRs 122.52 million. These projects aim to enhance cultural linkage and have been implemented through local authorities. India has undertaken over 550 high impact projects in Nepal since 2003, and completed 488, with the remaining 62 ongoing. The total cost of all projects is around NPR 1220 crore.

BJP MP Jayant Sinha discussed the four pillars of Modinomics 3.0, which aim to establish macroeconomic stability, focus on infrastructure and capital expenditure, uplift the marginalized, and create jobs by investing in youth development. The goal is to make India a global superpower by building a 'Viksit Bharat'.

On February 1, GIFT Nifty traded with marginal gains as Finance Minister Nirmala Sitharaman presented the Interim Budget with no major announcements. The market had a positive start but closed near day's low due to lack of big news. Foreign institutional investors were net sellers while domestic institutional investors were net buyers. US stocks rose ahead of earnings from big companies .

The Nifty index has bounced back from its recent low and is showing a bullish trend before the upcoming Budget announcement. Stocks like Vedanta and Vardhman Textiles are expected to continue their uptrend based on technical indicators, with recommended buy ranges and stop losses provided for potential investors.

Shares of RITES, a transport infrastructure consultancy and engineering firm, dropped 3.8% after reporting its Q3FY24 results. Operating revenue was Rs 683 crore, EBITDA was Rs 171 crore, and net profit was Rs 129 crore. The company secured orders worth more than Rs 612 crore and declared a third interim dividend of Rs 4.75 per share. Chairman Rahul Mittal aims for aggressive growth.

The Interim Budget, marking the final budget before general elections, had no major surprises for investors. Ongoing earnings season, interest rate decisions, and global factors like US bonds and geopolitical developments will drive the market. Bank of England's monetary policy and other central bank meetings, along with the Red Sea turmoil and upcoming elections in India and globally.