Nahar Capital and Financial Services reported a decline in net sales and net loss for the quarter ended December 2023. However, EBITDA increased by 15.28%. The company's stock price on the NSE closed at Rs. 307.30 and has shown a 10.30% return in the last 6 months and 19.02% return in the last 12 months. The company's shareholding details and earnings per share were also included.
Open FlipShristi Infrastructure Development Corporation reported a net sales increase of 11.25% in December 2023 compared to the previous year, but also saw a 12.3% increase in net loss and a 62.1% decrease in EBITDA. The company's shares closed at 46.26 on February 20, 2024 with a return of 109.80% in the last 6 months and 91.55% in the last 12 months.
Open FlipCampus Activewear's shares jumped 13% on Wednesday after a block deal worth Rs 100 crore took place before market hours. The stock has been underperforming the market, but saw increased investor interest with over 93 lakh shares traded. The company reported a decline in net profit and muted revenues in the December quarter, but witnessed a sequential growth of 82.5% in sales volume.
Open FlipDhani Services reported a decline in net sales by 41.02% and an increase in net loss by 5.18% in the December 2023 quarter compared to the same period in 2022. EBITDA was also down by 7.68%. The company's shares closed at Rs. 43.10 on February 20, 2024 with 6.42% returns over 6 months and 30.02% over 12 months.
Open FlipCentrum Capital reported a 67.6% increase in net sales and a 1.73% increase in net loss for the quarter ending December 2023. EBITDA also saw a significant increase at 77.49%. The company's stock closed at Rs. 36.05 on February 20, 2024, with a return of 45.07% over the last 6 months and 68.46% over the last 12 months.
Open FlipA.K.Capital Services reported a 25.19% increase in net sales at Rs 131.82 crore in December 2023 compared to the same period in 2022. However, their quarterly net profit decreased by 9.73% to Rs 19.81 crore. The company's EBITDA increased by 13.62% to Rs 79.02 crore. The EPS decreased to Rs 30.02 in December 2023.
Open FlipLancor Holdings reported a decrease in net sales of 1.55% and an increase in quarterly net profit of 215.62% from December 2022 to December 2023. EBITDA also saw a growth of 16.84% during this period. EPS has increased from Rs. 0.10 to Rs. 0.21. The company's shares closed at 43.32 on February 20, 2024.
Open FlipReported Consolidated quarterly numbers for ACCEDERE Net Sales at Rs 0.98 crore in December 2023 up 21.55% from Rs. 0.81 crore in December 2022. Quarterly Net Profit at Rs. 0.06 crore in December 2023 down 85.33% from Rs. 0.41 crore in December 2022. EBITDA stands at Rs. 0.08 crore in December 2023 down 82.61% from Rs. 0.46 crore in December 2022.ACCEDERE EPS has decreased to Rs. 0.13 in Dec.
Open FlipShares of One 97 Communications, which owns Paytm, have rallied 21% in the past four days as investors see the worst of the regulatory crisis to be over. Bernstein maintains an Outperform rating with a target price of Rs 600 and expects operational changes to remove dependence on Paytm Payments Bank to have minimal long-term impact. Jefferies has moved Paytm to 'Non Rated' stocks.
Open FlipThe Nifty continued its winning streak by hitting a lifetime high on Tuesday with strong support from HDFC Bank. According to analysts, the upward trend is expected to continue and may reach 22,400-22,600 soon once it surpasses 22,200. SBI Securities' Deputy Vice President and Head of Technical & Derivatives Research, Sudeep Shah recommends buying Power Grid as it recently experienced a trendline.
Open FlipNPS allows subscribers to partially withdraw up to 25% of their own contributions for various purposes like education, marriage, house purchase, treatment of illness, etc. Subscribers must have been a member for at least 3 years and are limited to 3 withdrawals. Request and self-declaration must be submitted to CRA via the nodal office or point of presence for processing.
Open FlipValuations of PSU bank stocks are at historical highs while private banks are trading at decade-long lows. Bulls are still optimistic about PSU banks due to their recent earnings turnaround, but the case for underdogs is gaining attention. Private banks have a P/B ratio of 2.3 compared to 1.2 for PSU banks. While valuations are important in a bullish market, fundamentals also favor PSU banks.
Open FlipByju's parent company Think & Learn's $200 million rights issue has been fully subscribed, with founder Byju Raveendran expressing gratitude to shareholders. The funds will help the struggling edtech firm pay off liabilities and regain its former success. Raveendran also promised greater shareholder representation and transparency in the usage of funds.
Open FlipThe 2024-25 Interim Budget prioritizes national economic growth and focuses on infrastructure, cement, renewables, capital goods, and healthcare sectors for development. The government plans to increase spending in these areas, which is expected to boost demand and revenue for companies involved. Other sectors like power, utilities, railways, and pharma may also get benefit.
Open FlipNintendo's next-generation console, the Switch 2, is reportedly delayed until 2025 according to a Bloomberg report. This caused a 5% drop in Nintendo's stock on Tuesday. The current Switch, released in 2017, has become the third-best-selling video game console of all time and Nintendo is relying on its popular franchises and upcoming new titles to sustain sales.
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