Zydus Lifesciences reported a 26% increase in net profit for the December quarter of FY23-24, with revenue up by 5.8%. Their board approved a Rs 600 crore share buyback and EBITDA saw substantial growth. The success was driven by strong performance in the Indian and EM&EU formulations businesses, with new product launches and sustained volume expansion.

Reported Standalone quarterly numbers for Hindustan Foods are: Net Sales at Rs 643.08 crore in December 2023 up 2.63% from Rs. 626.57 crore in December 2022. Quarterly Net Profit at Rs. 22.59 crore in December 2023 up 30.19% from Rs. 17.35 crore in December 2022. EBITDA stands at Rs. 47.76 crore in December 2023 up 16.29% from Rs. 41.07 crore in December 2022.

Equity MFs saw a surge in inflows, reaching a 22-month high of Rs 21,780.56 crore in January. Sectoral and small- and mid-cap funds were the main drivers, while even large-cap funds had a strong performance. This marked the 35th consecutive month of inflows and the industry saw a rise in assets under management to Rs 52.74 tn. Debt funds also experienced a revival with Rs 76,469 crore in inflows.

Shares of RVNL fell over 9% as the railway infrastructure company reported a 4% decline in standalone net profit for Q3FY23. Revenue from operations also decreased by 6%. Despite this, the stock has given 260% returns over the past year and is still trading above its moving averages. Today's decline was on strong volumes and momentum indicators suggest it may be overbought.

Food delivery app Zomato's shares rose over 4% and hit a record high of Rs 150.20 on the NSE after posting strong Q3 earnings and receiving positive recommendations from brokerages such as HSBC and Nuvama. The company recorded a 283% increase in net profit to Rs 138 crore, beating estimates, thanks to strong growth in food delivery and hyperpure businesses.

After RBI's approval for HDFC Bank to acquire 9.50% stake in Yes Bank and restructuring initiatives, the stock has seen a robust momentum. Technical analysts suggest that it has potential to rise further with support at Rs 26-27 and target at Rs 45. Business restructuring decisions like transferring IB and merchant banking businesses from its subsidiary have also contributed to the positive trend.

Tata Power's shares dropped by 5.5% due to uncertainty over the company's December quarter results. However, the stock has seen a significant increase in the last month and year. In the September quarter, the company reported a rise in its consolidated net profit and revenue from operations. The EBITDA and margins also showed improvement.

Trigyn Technologies has reported a decline in quarterly net sales and loss, with EBITDA also decreasing. The company's shares have shown positive returns over the last 6 and 12 months. This information was released in a standalone quarterly report including details of the company's expenditures, profits, and shareholding of promoters and promoter groups.

ITD Cementation India reported strong standalone quarterly results for December 2023, with a 61.27% increase in net sales and a 113.9% increase in net profit compared to the same period last year. The company's EBITDA also saw a significant jump of 91.49%. Its EPS has increased to Rs. 4.56 from Rs. 2.13, while its shares saw a 75.62% return over the past 6 months.

Global market sentiment is positive after the S&P 500 reached a record high of over 5,000 points for the first time ever. Strong corporate earnings and resilient quarterly reports have driven this surge, shifting investor focus away from interest rate cuts. US jobless claims data further boosted confidence in the labor market. Reduced expectations of a rate cut in March resulted in strengthening.

The Indian government announced a Rs 10,000 crore initiative to create a 'sovereign AI' computing infrastructure for startups in agriculture, healthcare, and education sectors. However, this may not be the best use of public funds as there is no market failure in the current cloud computing infrastructure for AI. Instead, the government can focus on addressing issues like market concentration.

OYO, a hospitality and travel-tech firm, has reported a two-fold increase in its Profit After Tax (PAT) to Rs 30 crore in Q3 FY24. CEO Ritesh Agarwal expects further rise in PAT in the upcoming quarters due to improved customer experience and favorable market conditions. The company also achieved adjusted EBITDA of Rs 750 crore in FY23 and projects to reach Rs 1,000 crore in FY24.

The Indian Reserve Bank's recent Monetary Policy Committee meeting showed a confident tone on domestic dynamics and external financing needs, with expectations of higher growth and comfortable inflation despite food-related risks. The policy stance remained neutral, citing incomplete transmission and inflation still above 4%. The central bank also addressed liquidity concerns.

Tamboli Industries reported a 43.11% decrease in net sales at Rs. 0.31 crore in December 2023 compared to the same period in 2022. However, their quarterly net profit increased by 36.28% to Rs. 0.09 crore and EBITDA also saw a growth of 37.5%. The company's EPS rose from Rs. 0.06 in December 2022 to Rs. 0.09 in December 2023.

Hikal reported standalone quarterly numbers for December 2023, with net sales at Rs. 447.57 crore, down 17.15% from the previous quarter in December 2022. Net profit also decreased to Rs. 16.27 crore, a 38.39% drop from December 2022. EBITDA was at Rs. 64.95 crore, a decrease of 15.75%. Hikal's EPS also decreased to Rs. 1.