Paytm shares have bounced back by 24 percent since hitting a low of Rs 318 on February 16, but are still trading 48 percent lower than the January 31 closing price. The recent surge can be attributed to factors such as the RBI extending the deadline for restrictions on Paytm Payments Bank Ltd, positive comments from management, and deals with Axis Bank.

On February 21, Raymond's share price increased by over 7 percent after their real estate arm announced a new project in Bandra. The project, called "The Address by GS, Bandra", is inspired by the success of their Thane project and is expected to generate revenue of over Rs 2,000 crore. This marks the company's expansion beyond Thane through joint development agreements in Mumbai Metropolitan.

Steel companies' shares saw a major boost on February 21 due to an increase in coking coal prices. Nifty Metal index rose 2%, while Tata Steel and JSW Steel stocks were up around 3-3.5%. This trend has been consistent since September 2023, with steel prices rising due to the high cost of coking coal. India is heavily dependent on imports from countries like Australia and South Africa.

After facing difficulties, One 97 Communications (parent company of Paytm) shares have surged in the past few trading sessions. Factors like RBI deadline extension, positive management comments, and favorable developments have led to renewed buying interest. An 'outperform' rating and strategic deals have also boosted the stock. However, global brokerage firms have suspended/ downgraded coverage.

The government is set to increase the sugarcane procurement price from Rs 315 to Rs 340 per quintal, applicable from the 2025-26 sugar season. This decision comes in light of farmers' protests and their demands for a minimum support price for various crops. The Cabinet Committee on Economic Affairs will meet on February 21 to discuss this matter, while the Commission of Agricultural Costs.

DLF's share prices reached a new 52-week high of Rs 891.6 per share after its subsidiary acquired land in Gurugram for Rs 1,241 crore. The total development potential is 7.5 million sq ft and registration for 19.3 acres has been completed. In Q3FY24, DLF's sales booking was Rs 9,047 crore with a net profit of Rs 649 crore.

Global private equity fund CVC closed its sixth Asia Fund with $6.8 billion in commitments, its largest to date. This indicates further expansion in the region, where they have been active since 1999 and made over 80 acquisitions. CVC's India portfolio includes Gujarat Titans, HealthCare Global Enterprises, Sajjan India, and UnitedLex. The firm plans to utilize its expertise and local presence.

The SME IPO of Atmastco Ltd was subscribed 17.61 times, receiving bids for 12.21 crore equity shares against the offer size of 69.39 lakh shares. The IPO allotment date is set to be on February 21, with the likely listing date on February 23 on NSE SME. Investors can check their allotment status on Cameo Corporate Services Limited's website. The grey market premium for Atmastco IPO is ₹7.

In the December 2023 quarter, Ekam Leasing and Finance Company reported a decrease in net sales by 3.44% and an increase in net profit by 123.77%. EBITDA also showed a significant increase of 135%. The company's EPS rose from Rs. 0.52 in December 2022 to Rs. 0.12 in December 2023. Its shares have shown a growth of 2.10% in the last 6 months.

Sayaji Hotels reported a decrease in net sales, net profit, EBITDA, and EPS for the quarter ending December 2023 compared to the same quarter in 2022. Their shares closed at Rs. 138.70 on the NSE on January 16, 2015. The company also saw decreases in raw material consumption, employee costs, and other expenses, while interest expenses increased.

Kalahridhaan Trendz IPO allotment date: Kalahridhaan Trendz IPO share allotment will be finalized today (Wednesday, February 21). The investors who applied for the issue can check the Kalahridhaan Trendz IPO allotment status on the Kalahridhaan Trendz IPO registrar portal, which is Bigshare Services Pvt Ltd.Investors can find out if and how many shares they have been given!

The Delhi High Court has observed that illegal construction in the national capital is reaching unprecedented levels, and directed authorities to implement structural reforms to address the issue. The court expressed dissatisfaction with the use of outdated methods like tapes and strings to seal buildings, and suggested the use of modern technology like drones and satellite images to detect.

Astron Paper & Board Mill Ltd. reported its consolidated quarterly numbers for December 2023, showing a decrease in net sales by 15.9% and a net loss increase of 76.66%. EBITDA increased by 153.42%. The company's shares closed at Rs. 31.35 on February 20, 2024, with 5.56% return over 6 months and 13.38% over 12 months.

Major quant fund Lingjun Investment broke trading rules and will be barred from buying and selling for three days, as China's stock exchanges aim to restore market confidence. Other quant funds may face increased scrutiny as regulators encourage long-term investment over short-term trades. This comes after a steep market sell-off and concerns about the role of quant funds in market volatility..

Oil prices rebounded in Asia, as concerns over output cuts and attacks on shipping were balanced by lowered expectations of U.S. rate cuts. Washington vetoed a UN resolution calling for ceasefire in the Middle East conflict and Russia pledged to meet its OPEC+ quota despite a decline in oil refining. Attacks on vessels in the Red Sea have stoked concerns about freight flows, while worries over...