SaaS fintech company Zaggle Prepaid Ocean Services saw a 10 percent rise in stock shares after reporting a 900% increase in net profit for the December quarter. The company attributed this growth to increased revenue from their software platform and a decrease in finance costs. They also announced a new client in the fleet loyalty card program, showing potential for future growth.

NLC India's shares dropped 2% on February 7 after reporting a net profit of Rs 250 crore for the quarter ended December 2023. Over the last year, the stock has gained 280%. The company's EBITDA fell by 33.5%, and it was reported that NLC India submitted bids for coal mines and is working on a major power project in Odisha with an estimated investment value of over Rs 35,000 crore.

Top brokerage firms have provided recommendations on various companies such as Godrej Properties, Bharti Airtel, Britannia Industries, and TTK Prestige. Jefferies maintains a buy rating on Godrej Properties with a target of Rs 2700, while CLSA has an outperform rating on Britannia Industries with a target of Rs 5932. For TTK Prestige, they maintain an underperform rating with a target of Rs 790.

Banking stocks drove the benchmark BSE Sensex and NSE Nifty 50 up 0.5 percent at the open on February 7 on the back of strong global cues. Since there are no immediate triggers on the horizon, analysts believe that stock-specific action and sector rotations will shape the market momentum from here on. At 9:20am, the Sensex was up 0.4 percent at 72,510, while the Nifty 50 rose 0.4 percent.

Navin Fluorine was down 5.2 percent in the early trade on February 7, a day after the company reported a 26.8 percent year-on-year (YoY) decline in net profit at Rs 78 crore for the December quarter of the current financial year. Revenue dropped 11 percent to Rs 501.8 crore. EBITDA tanked 51.3 percent to Rs 75.7 crore from the same period last year. The EBITDA margin also contracted to 15.1 %.

Shares of Nazara Technologies Limited traded 6 percent higher at Rs 917 in the morning trade on February 7 after the company announced a 45 percent surge in net profit for the October-December quarter. The company reported a net profit of Rs 29.52 crore for the third quarter, driven by a robust performance in the e-sports vertical. However, lower profits in the gaming and adtech segments.

Shares of FSN E-Commerce Ventures, which operates Nykaa, gained 5 percent at the open on February 7 after the company reported stellar earnings for the quarter ended December 2023. Its net profit surged 106 percent on-year to Rs 17.5 crore, driven by strong demand during the festival and wedding seasons, while its revenue was up 22 percent to Rs 1,788.8 crore.

Shares of Oracle Financial Services, Oil India and Coal India have performed strongly in 2024, with gains of over 20-60%. These companies also offer high dividend yields, making them attractive to investors. According to a Quality Dividend Yield Report, there are 16 stocks that meet certain criteria for being quality dividend yield stocks. Investing in high dividend yield stocks.

India bull Life Insurance Corporation of India or LIC has apparently used the stock market boom to book profits as the PSU's ownership in India Inc has fallen to an all-time low of 3.64%.LIC's share by value in companies listed on NSE went down to 3.64% as on December 31, 2023, from 3.73% as on September 30, 2023, but in value terms, the holding rose 11% to Rs 13 lakh crore.

TRF shares surged 20% to a 52-week high of Rs 327.70 after the company scrapped its merger with Tata Steel due to improved business performance and support from Tata Steel. Tata Steel's shares also rose 2%. TRF, a Tata Enterprise, specializes in electromechanical jobs and is promoted by Tata Steel and ACC Limited. Its stock has outperformed the Nifty by delivering returns of 90% in the past year.

FMCG major Nestle India on Wednesday announced an interim dividend of Rs 7 per equity share for the financial Year 2023-24 and the dividend will be paid from March 5, 2024 onwards to eligible investors, the company said in its filing to the exchanges. The company has fixed the record date as February 15, 2024.The announcement was made along with Nestle India's December quarter earnings.

Shares of Public Sector Undertaking (PSU) banks saw a sharp increase of up to 13% ahead of the Reserve Bank of India's (RBI) upcoming monetary policy meeting. The Central Bank is expected to take a dovish stance, resulting in a decline in bond yields and higher investor interest. Indian Overseas Bank was the top gainer with a 13% increase, followed by other PSU banks such as Uco Bank, Canara Bank.

Shares of Yes Bank saw a significant increase of 23% over the past two days after RBI allowed HDFC Bank to acquire up to 9.50% of Yes Bank's share capital or voting rights. The stock reached a 52-week high and has been consistently rising since December, with net interest income growing by 2.4% and provisions dropping sharply. Despite a slight decline in pre-provision operating profit.

Investors are often drawn to undervalued stocks priced below Rs 100 in search of higher potential returns. These stocks, while not always in the spotlight, offer a range of opportunities for savvy investors to capitalize on. By carefully considering these overlooked or discounted stocks, investors can uncover promising investments that may be ignored by others.

In 2023, Freshworks saw a 20% increase in revenue from operations, reaching $596.4 million driven by strong performance and use of AI technology. The company also achieved an annual recurring revenue of over $500 million and its non-GAAP profit increased to $44.5 million compared to a loss in the previous year. Despite competition from Zoho, which reported a 30% year-on-year growth in revenue.