"Zydus Lifesciences' stock jumped over 6% to a 52-week high of Rs 809.20 after announcing a proposal for a share buyback on February 9. This will be their second buyback, with the previous one in June 2022. The company will also release its December quarter results on the same day. Nuvama Institutional Equities expects a 6% rise in revenue and 17% increase in net profit.

Reported Standalone quarterly numbers for Rossell India are: Net Sales at Rs 110.72 crore in December 2023 up 13.84% from Rs. 97.26 crore in December 2022. Quarterly Net Profit at Rs. 1.87 crore in December 2023 up 466.67% from Rs. 0.33 crore in December 2022. EBITDA stands at Rs. 9.53 crore in December 2023 up 47.75% from Rs. 6.45 crore in December 2022.

Audi is optimistic about the growth potential in India, but acknowledges that high taxes are hindering the expansion of the luxury car market. They expect the overall automotive industry to continue growing, but the luxury segment may see a moderate increase due to current tax rates. Audi plans to capitalize on the growing Indian market.

The National Company Law Tribunal (NCLT) has issued a notice on ZEEL’s plea to enforce the merger with Sony. Sony has questioned the maintainability of the application. NCLT has asked Sony to file a response to ZEEL’s plea in two weeks. The case to come up for hearing on March 12. Be sure to have access to all details.

Electric scooter startup River on Tuesday announced it has raised USD 40 million (Rs 335 crore) in Series B funding led by Japan's Yamaha Motor Co, Ltd. The funds will be utilised for scaling up the distribution and service network, among others. "The investment is a significant boost for our plan to build a billion dollar global utility-lifestyle brand by 2030.

Indian benchmark indices traded higher amid volatility on February 6. According to experts, the Nifty is likely to remain weak as long as it trades below 21,900, with support at 21,650. Above the 21,900 mark, the index has the potential for an extension of its rally, rebounding towards 22,070-22,150 levels. Among individual stocks,  long build-up is seen in Alkem, IPCA Labs, and ONGC.

Devyani International reported an increase in net sales by 14.33% and EBITDA by 3.7% for the December 2023 quarter compared to the same period in 2022. However, their net profit decreased significantly by 72.76%, resulting in a lower EPS of Rs. 0.15 from Rs. 0.55 in December 2022. The company's shares closed at Rs. 162.25 on NSE.

Net Sales at Rs 18,668.56 crore in December 2023 up 18.2% from Rs. 15,793.98 crore in December 2022. Quarterly Net Profit at Rs. 4,570.05 crore in December 2023 up 802.83% from Rs. 506.19 crore in December 2022. EBITDA stands at Rs. 2,122.30 crore in December 2023 up 42.06% from Rs. 1,493.94 crore in December 2022. Tata Motors DVR EPS has increased to Rs. 11.92 in December 2023.

Tata Motors reported a significant increase in standalone quarterly numbers for December 2023, with net sales at Rs. 18,668.56 crore, up 18.2% from the same period in 2022. Net profit also saw a drastic increase of 802.83%, reaching Rs. 4,570.05 crore. The company's EBITDA increased by 42.06%, and EPS rose from Rs. 1.31 to Rs. 11.

Net Sales at Rs 8.98 crore in December 2023 up 88.18% from Rs. 4.77 crore in December 2022. Quarterly Net Profit at Rs. 3.00 crore in December 2023 up 145.87% from Rs. 1.22 crore in December 2022. EBITDA stands at Rs. 4.19 crore in December 2023 up 136.72% from Rs. 1.77 crore in December 2022. SKP Securities EPS has increased to Rs. 4.40 in December 2023 from Rs. 1.79 in December 2022.

Magna Electro Castings reported a decrease in net sales, net profit, and EBITDA for the December quarter of 2023 compared to the same period in 2022. However, EPS has also decreased from Rs. 9.01 to Rs. 8.34. The company's shares have also seen a decline of -10.82% over the last 6 months, but a positive growth of 40.25% over the last 12 months.

Market Creators, a standalone company, has reported its quarterly financial results for December 2023. Net sales have increased by 54.09% to Rs. 1.76 crore compared to the same period in 2022. The company's net profit has also seen a significant increase of 266.45% to Rs. 0.13 crore. EBITDA has risen by 215.38% to Rs. 0.41 crore.

Toyota Motor raised its full-year operating profit forecast by nearly 9 percent on Tuesday, after higher sales volumes and a weaker yen boosted its third-quarter results. The world’s top-selling automaker raised its profit forecast for the current year to 4.9 trillion yen ($32.99 billion), versus 4.5 trillion expected previously. The higher target contrasts with downbeat outlook provided.

Tata Chemicals Ltd. reported a 60% decrease in net profit for the December quarter due to weak demand in key market segments. However, the company's stock recovered from early losses and was trading 1.7% higher by noon on January 6. EBITDA also plunged by 41.2%, citing pricing pressure and lower volumes. The company's domestic business showed improvement in margins.

Government of Goa introduces various bills in budget session including amendments to the Town and Country Planning Act for ease of land conversions, encouraging high-end vehicle registrations, and allowing government acquisition of tenant-occupied land for public use. A recent cabinet decision also simplified tax payments for rental cars and two-wheelers.