Investors have shown confidence in fintech company One 97 Communications, which owns Paytm, as positive news flows have boosted its stock by locking in two consecutive 5% circuits. Reasons for the rally include an RBI extension for PPB, a partnership with Axis Bank, clarity on non-PPBL merchants, and the absence of FEMA violations by ED. Jefferies has changed their rating to 'not rated'.

Delhivery reported its consolidated quarterly financial results for December 2023, showing an increase in net sales by 20.32% to Rs. 2,194.47 crore and a significant rise in net profit by 105.98%, reaching Rs. 11.71 crore. The company's EBITDA also saw a significant increase of 1043.57% to Rs. 240.15 crore. EPS increased to Rs. 0.16.

Gold And Silver Prices Today: Gold prices experienced a slight increase on Monday. The cost of 24 carat gold is Rs.63410.0 per 10 gm, up by Rs.679.0. The cost of 22 carat gold is Rs.5808.4 per 10 gm, up by Rs.622.0. The price change in 24 carat gold in the last one week has been -0.18%, whereas in the last month it has been 0.88%. The cost of silver is Rs.76400.0 per kg, up by Rs.800.0 per kg.

On Monday, Indian government bond yields fell ahead of inflation data this week. Economists predict a decrease in both retail and core inflation, but the RBI is unlikely to cut interest rates soon due to inflation above target. Last week, the RBI kept rates unchanged, emphasizing the challenge of achieving 4% inflation. In the US, Treasury yields remain high before key inflation data on Tuesday.

IPPB aims to achieve a 30% growth in new customers by the end of this year. They have already crossed 8.5 crore customers and are adding daily customers in six-digit numbers. The focus is on reaching out to the unbanked and underbanked through the network of the Department of Posts. IPPB plans to launch FASTag services in a few months and is also expanding into insurance distribution.

GPT Healthcare Ltd, which runs mid-sized multi-specialty hospitals under ILS Hospitals brand, has set the price band for its IPO at Rs 177-186 per share. The IPO, which includes a fresh issue of Rs 40 crore and an offer for sale by private equity firm BanyanTree Growth Capital II, will open for public subscription from February 22-26. The company plans to use the proceeds for debt repayment.

PSU bank stocks have outperformed private sector bank stocks in the last year, with the Nifty PSU Bank index rising 88% compared to a 13% rise in the Nifty Bank index. This is due to the improved performance and asset quality of PSU banks, as well as their cheaper valuations compared to previously expensive private sector banks. However, sustainability of high valuations depends on the earnings.

The Interim Budget 2024 proposes an extension till March 2025 for non-resident aircraft lessors in GIFT City to avail key tax incentives. However, this may not be sufficient for long-term operations. There is also uncertainty regarding transition of existing leases to GIFT City. The tenure of the corporate tax holiday for aircraft leasing units in GIFT City is deemed inadequate.

LIC of India Limited shares rose over 2% due to a refund order of Rs 21,740 crore for the 2012-2019 period. The total refund value is Rs 25,464 crore and the company is pursuing the balance with the Income Tax Department. In addition, the insurer launched a new savings life insurance plan and reported a strong earnings growth in the December quarter.

Gujarat Gas share prices rose 3.5% on Monday after a correction of more than 6% following Q3 results on Friday. The dip was largely due to weaker margins and volumes for its supplies to Morbi industrial cluster. However, the outlook remains positive as the company is expecting strong CNG volume growth and has recently launched a new model for opening additional CNG stations.

Davangere Sugar Co., one of the top-performing stocks in the Indian stock market, has seen a 700% rally in the last five years. After declaring stellar Q3 results for FY2023-24, the multibagger stock has risen by 40% in just four days. The company's expansion plans, strong financials, and focus on sustainability make it a promising investment opportunity for investors looking for long-term gains.

Chinese electric vehicle maker Xpeng plans to hire 4,000 new employees and invest millions in artificial intelligence as it faces tough competition in the world's largest auto market. The company also aims to release 30 new products or models within the next three years. This comes at a time when other Chinese EV companies are cutting costs and facing weaker demand.

Tata Group-owned carrier Air India and plane parts-maker Tata Advanced Systems will invest 23 billion rupees ($277.2 million) in the Indian state of Karnataka, the state government said on Monday. Air India will conduct maintenance, repairs, and overhaul of planes at the Bengaluru airport, while Tata Advanced Systems will set up manufacturing and R&D facilities in the state, the government said.

Last week saw a positive trend in equity benchmarks, with the Sensex and Nifty both gaining significantly. M&M, Wipro, and Maruti were among the top gainers. Other shares, such as One Global, PCL, Jubilant Industries, and Uni Royal also saw significant increases. The RMI scanner has signaled a "new buy" for Natco Pharma, Neuland Labs, Tips Industries, and Aarti Industries.

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