PTC Industries Limited and Hindustan Aeronautics Limited (HAL) have signed a memorandum of understanding to collaborate on raw materials, components, and spares for aircraft and helicopters. They aim to achieve self-reliance in the aerospace sector by sharing expertise and capabilities and indigenising critical components.

The S&P 500 has reached record highs, but its valuation is also at a historic high with a forward P/E ratio of 20.4x, well above the average of 15.7x. Some investors are cautious about buying stocks at this level, but with potential interest rate cuts and stable earnings expectations, valuations could rise further. The index's high valuation is driven partly by a few large companies.

Shreyas Shipping reported a significant decrease in their standalone quarterly numbers, with net sales down 37.56% and net loss down 143.28%. EBITDA also saw a decline of 85.09%. The company's stock closed at Rs. 289.95 and has shown negative returns over the last 6 months (-17.33%) and positive returns over the last 12 months (6.50%).

Reported Standalone quarterly numbers for Pearl Polymers are: Net Sales at Rs 3.77 crore in December 2023 up 5.33% from Rs. 3.58 crore in December 2022. Quarterly Net Profit at Rs. 0.59 crore in December 2023 up 132.25% from Rs. 1.82 crore in December 2022. EBITDA stands at Rs. 0.76 crore in December 2023 up 145.78% from Rs. 1.66 crore in December 2022.

ITD Cementation India reported a strong performance in the December 2023 quarter, with net sales increasing by 52.01% to Rs. 2,017.16 crore and net profit up by 114.64% to Rs. 78.39 crore compared to the same quarter in 2022. EBITDA also saw significant growth of 107.22% to Rs. 217.12 crore. The company's EPS has increased to Rs. 4.

Rupa and Company's consolidated quarterly results for December 2023 show a significant increase in net sales, net profit, and EBITDA compared to December 2022. The company's EPS has also increased from Rs. 0.69 to Rs. 2.61. The stock has had a positive return of 2.44% over the last 6 months and 11.49% over the last 12 months. Promoters and promoter group shareholding information is not.

Essar Shipping reported a decrease in net sales by 82.12% and a net loss of Rs. 43.78 crore in their December 2023 consolidated quarterly numbers. EBITDA was negative at Rs. 10.17 crore. However, the company's shares have given high returns of 178.57% and 258.62% over the last 6 and 12 months respectively. The company's promoters have not pledged any shares in their holding.

✅ Amid positive global cues, benchmark indices closed on a positive note today. 📢 At 3:30 PM, the Sensex improved by 167.06 points or 0.23% at 71,595.49, and the Nifty was up 64.55 points or 0.30% at 21,782.50. 📊Among sectoral, Nifty Bank (⬆️1.38%) turned out to be the best performer while Nifty Metal (⬇️1.54%) saw considerable selling.

Sandur Manganese and Iron Ores reported a decrease in net sales and profits for the December 2023 quarter compared to the same period in 2022. EBITDA also saw a decline. EPS has decreased to Rs. 3.63 from Rs. 15.33 in December 2022. The company's shares closed at 546.25 on February 08, 2024. Total income from operations was Rs. 153.02 crore, with major expenditures

KCP reported its standalone quarterly results for December 2023 with a net profit of Rs. 18.43 crore, an increase of 336.41% from the same period in 2022. Net sales also rose by 7.18%, reaching Rs. 420.78 crore. EBITDA saw a significant jump of 158.47%, reaching Rs. 51.59 crore. The EPS also increased to Rs. 1.43.

In the December 2023 quarter, Sri Lakshmi Saraswathi Textiles (Arni) reported a decline in net sales and a increase in net loss compared to the same quarter in 2022. EBITDA was also negative. The company's shares closed at 42.68 on February 08, 2024, with a 7.29% return over the last 6 months and 12.17% over the last 12 months.

Medi-Caps reported standalone quarterly results for December 2023, showing significant growth compared to the same period in 2022. Net sales increased by 23895.28%, net profit rose by 1300.93%, and EBITDA grew by 2825%. The company's EPS also showed impressive growth. The stock closed at 54.51 on February 8, 2024, with a 31.16% return over the last 6 months.

Shares of Torrent Power, a Gujarat-based company, fell 2% on the NSE due to a 47% decline in Q3FY24 profit. The company reported a consolidated net profit of Rs 359.8 crore, impacted by lower revenue and higher fuel costs. The board has approved an interim dividend of Rs 12 per share and the company plans to invest Rs 47,000 crore in renewables and electricity distribution in Gujarat.

Reported Standalone quarterly numbers for Rajputana Investment and Finance are: Net Sales at Rs 0.78 crore in December 2023 up 120.07% from Rs. 0.36 crore in December 2022. Quarterly Net Profit at Rs. 0.17 crore in December 2023 up 185.28% from Rs. 0.06 crore in December 2022. EBITDA stands at Rs. 0.23 crore in December 2023 up 283.33% from Rs. 0.06 crore in December 2022.

Reported Standalone quarterly numbers for Indo-National are: Net Sales at Rs 121.53 crore in December 2023 up 10.56% from Rs. 109.93 crore in December 2022. Quarterly Net Profit at Rs. 1.88 crore in December 2023 up 140.37% from Rs. 0.78 crore in December 2022. EBITDA stands at Rs. 5.53 crore in December 2023 up 4.73% from Rs. 5.28 crore in December 2022.