Nvidia's stock surged to a record high, briefly making it more valuable than Amazon. With tech companies heavily investing in AI technology, investors are eagerly awaiting Nvidia's quarterly results. The company has been the top performer among S&P 500 components, benefiting from the growing demand for "generative AI". However, Microsoft took over Apple's spot as the world's most valuable company.

Real estate firm Suraj Estate Developers reported a significant decline in its net profit and total income during Q3 FY24. However, it had a strong quarter in terms of sales and EBITDA growth, and used IPO proceeds to repay high-cost debt and strengthen its balance sheet. Lower interest costs are expected going forward.

Key railway stocks have seen a correction of as much as 30 percent from their recent highs, including yesterday’s steep fall in PSU stocks. The crackdown in railway stocks is because of execution not keeping pace with growth expectations and fears of a slowdown in order inflows ahead of elections, said analysts. Multiple factors behind fall in railways stocks.

Navi Mumbai residents are upset about the rising dust pollution caused by open trucks and dumpers carrying construction debris. Despite warnings from NMMC, the illegal practice continues as the anti-nuisance squad is not taking action. Environmentalists and citizens' groups have raised concerns about air quality, but NMMC has not taken enough measures to control it.

Macquarie downgraded Paytm to underperform with a reduced target price of Rs 275 due to a sharp drop in revenues and potential exodus of customers. They have increased loss estimates and revised valuation methodology for the company. In the best case scenario, the stock could rally up to Rs 540, but in the worst case it could drop to Rs 180 due to declining distribution revenues.

Cera Sanitaryware's net consolidated profit dropped by 9.42% in Q3 FY24, with a profit after tax of Rs 51.52 crore. Their total income also decreased by 3.42% to Rs 454.89 crore. The company appointed Anandh Sundar as an additional independent director for three years, while two independent directors will complete their term and cease to be directors on March 31, 2024.

Dilip Buildcon Limited's shares traded lower after reporting a 3% decline in net profit for the October-December quarter. The company's operational income rose by 23.9% and EBITDA increased significantly from the previous year. Dilip Buildcon operates on an EPC model and specializes in construction projects such as bridges and tunnels. It is classified as Class A-V and registered with government.

The director of a realty firm was arrested on Monday for cheating 10 persons after collecting 2.29 crore by promising to provide flats in the guise of pre-launch schemes.Accused Chekka Venkata Suubrahmanyam, who is the director of Bhuvanteza Infra projects Pvt Ltd, was arrested by CCS sleuths. Police found that he had executed sale deeds with 10 customers for flats.

Real estate company Arihant Superstructures reported a significant decrease in net consolidated profit during Q3 FY24, with a drop of 65.49% compared to the same quarter last year. The company's total income grew by 3.70%, while its board of directors discussed plans to raise funds and avail loans for its subsidiary and itself.

Mumbai's Enforcement Directorate has found Rs 30 crore in cash and bank balances linked to builder Lalit Tekchandani as part of their probe into a money laundering case. The ED also discovered incriminating documents related to properties in various names, including Tekchandani's family members, and Rs 29.5 crore in fixed deposits in different banks.

NHPC's stock surged 8% as it announced an interim dividend of Rs 1.4 per share. Analysts are bullish on the counter due to its 2.5% dividend yield and the government's focus on hydro power. Despite a weak third quarter, the company has projects for 18.7 GW and pump-storage agreements for 7.3 GW. However, some analysts have downgraded the stock due to its high valuations.

Strong global cues drove Indian equity benchmarks the Sensex and the Nifty higher on February 13 early deals. With no major triggers in sight and the corporate earnings season in its last leg, analysts anticipate the market to follow global trends and remain rangebound in the near term. At 9.20 am, the Sensex was up 0.2 percent at 71,239, while Nifty gained 0.1 percent to 21,653.

Paytm's shares have been on a downward trend, with a 6% loss in early February, following Macquarie's downgrade to 'underperform' and a sharp cut in target price. Analyst Suresh Ganapathy predicts customer exodus could harm Paytm's business model, leading to a 33% decrease in stock value. RBI restrictions on Paytm Payments Bank, which prompted a formation of a compliance committee.

Pharmaceutical company GSK reported a 72% decline in net profit for the December quarter due to exceptional expenses. Excluding this, net profit increased by 19%. Revenue remained largely flat despite facing price caps on essential medicines. The company's EBITDA margin also contracted. Brokerage firm Motilal Oswal raised its earnings estimate for GSK, but continues to have a "neutral" call.

Tata Steel is actively promoting inclusivity by inviting applications from transgender candidates for various positions across multiple locations. This move reflects the company's commitment to breaking barriers and mainstreaming transgender individuals in society. They are seeking applicants with a range of educational qualifications and have set a deadline of February 15 for submissions.