Global Capital Markets (GCM) has reported a significant decrease in its standalone quarterly numbers, with net sales down 98.02% and net profit down 98.52%. The company's EBITDA also decreased by 95.06% and its EPS dropped to zero. GCM stock closed at 1.00 on February 19, 2024, with returns of -41.86% over the last 12 months.

Trent, a retail company, reported its consolidated quarterly results for December 2023 with a significant increase in net sales by 50.5% to Rs. 3466.62 crore and net profit by 124.17% to Rs. 374.36 crore from the same quarter in 2022. The EBITDA also showed a growth of 84.09% to Rs. 708.85 crore and earnings per share increased to Rs.10.53.

Radico Khaitan, an Indian alcohol company, reported a significant increase in net sales and profits for the December 2023 quarter compared to the same period in 2022. This was driven by higher sales and improved efficiency measured by EBITDA. The company's stock also saw positive gains of 36.59% in the past 6 months and 55.18% in the past 12 months.

Coal India share price corrected more than 4.0% in the intraday trades on Tuesday. The Coal India stock that has scaled 52-week highs of ₹487.75 on 16th February after having more than doubled from 52 week lows of ₹207.75 on March'2023, has given up some parts of the gains. Analysts at Jefferies retain Buy with a revised price target of Rs520 based on 10x FY26 estimated price to earnings ratio.

The Defence Acquisition Council authorized contracts totaling over Rs 84,560 crore to enhance India's defence capabilities and infrastructure. The Ministry of Defence took a tactical approach based on valuable lessons learned, with private players poised to benefit. India has been studying strategies used in recent conflicts and is emphasizing large defence systems and cutting-edge technology.

Whirlpool of India's stock dropped 4.7% after company's promoter, Whirlpool Corporation, announced plans to divest its 24% stake in the company via a block deal worth $450 million. Whirlpool Mauritius may be the seller as the promoter group aims to reduce debt. Stock has fallen 3.1% in 5 days and 18.7% in 6 months with negative returns for the past year and 5 years.

Asian shares were mostly lower despite a larger-than-expected interest rate cut in China. The Shanghai Composite and blue chips fell, but the Australian dollar may be supported by the cut. Global markets are uncertain about future rate cuts after high inflation readings in the US, and focus will be on economic indicators this week. The dollar remains strong against the yen.

Tech Mahindra has acquired Orchid Cybertech Services for $3.27 million, strengthening their relationship with TPG Telecom and expanding customer experience services in the Philippines. This deal follows the company's acquisition of Thirdware Solutions for up to $42 million. However, in its recent third quarter report, Tech Mahindra saw a 60.6% decline in net profit as demand slows.

Morgan Ventures has reported a strong financial performance in the quarter ending December 2023, with net sales increasing by 223.45% and net profit by 169.57% compared to the same period in 2022. EBITDA also saw a significant increase of 169.69%, while EPS increased from Rs. 2.67 to Rs. 1.86. Despite this, the company's shares have only seen marginal returns over the last 12 months.

Assam Entrade Limited reported strong standalone quarterly results in December 2023, with a 23.44% increase in net sales, 81.71% increase in net profit, and 94.44% increase in EBITDA compared to the same period in 2022. EPS also saw a significant jump from Rs. 1.82 to Rs. 3.30. The company's shares closed at 467.90 on February 19, 2024.

SP Capital Financing reported strong standalone quarterly numbers for December 2023, with a 170.22% increase in net sales, 10.77% increase in net profit, and 183.33% increase in EBITDA compared to the same quarter in 2022. The company's EPS also increased from Rs. 0.20 to Rs. 0.22. Their stock price closed at 51.48 on February 19, 2024.

In the December 2023 quarter, Asian Fertilizers reported a decrease in net sales by 45.28% and quarterly net profit by 54.87% compared to the same period in 2022. EBITDA also decreased by 30.43%, resulting in a decrease in EPS from Rs. 0.84 to Rs. 0.38. The company's total income from operations also decreased by 44.86%. The majority of the expenses were spent on.

Ceejay Finance reported a 3.02% increase in net sales at Rs. 4.98 crore and a decrease of 17.34% in net profit at Rs. 1.34 crore for the standalone quarterly results of December 2023. EBITDA also saw a slight decline of 0.35%. EPS has decreased to Rs. 3.89 from Rs. 4.71 in the same quarter last year.

In a surprising turn of events, infrastructure stock Sanmit Infra has become one of the biggest wealth destroyers of 2024. The penny stock has plummeted nearly 50% in the current calendar year, leaving investors in shock. From Rs 46.80 in December 2023, the stock has nosedived to Rs 24.93, erasing almost half of investors’ wealth

The stock market continues to rise with Nifty reaching a new high of 22,125 and maintaining a strong bullish momentum. Bank Nifty is also performing well, staying above its short-term moving averages. Experts predict a range of 46,800 to 47,000 for the upcoming sessions, with support at 46,000-46,200 and resistance at 50 DMA level of 46,750-46,800. Key sectors like auto, IT, metal.