BLS E-Services, a digital service provider, had a successful IPO with the shares listing at a premium of 128.9% on BSE and 125.9% on NSE. The IPO was oversubscribed by over 160 times, with strong interest from all categories. The company plans to use the proceeds for technology infrastructure and growth initiatives. Its revenue and profit have shown significant growth in recent years.

Everest Industries reported a decrease in net sales, net profit, and EBITDA in the December 2023 quarter compared to the same period in 2022. The company's EPS also decreased from Rs. 3.52 to Rs. 0.99. The stock has seen significant returns over the past 6 and 12 months. Promoters and promoter group of the company do not have any pledged shares.

Founder Vijay Shekhar Sharma and executives from Paytm Payments Bank (PPBL) met with Reserve Bank of India officials to discuss transitioning and stabilising UPI accounts and handles. Regulators are not keen on salvaging the company's wallet business through migration and are working towards ensuring a smooth transition for merchants and customers. Banks may face KYC issues in acquiring business.

The Indian consumer goods sector saw slower sales growth in the fourth quarter of 2023, with rural areas showing an uptick, while urban areas remained strong. Price pressures and lower spending affected sales at mom-and-pop stores, but "habit-forming" products like biscuits thrived due to price cuts. Major companies have reported mixed results, with Dabur India seeing higher growth in rural areas.

Nintendo raised its Switch sales forecast to 15.5 million units and sold 13.74 million in the first nine months of the financial year. Expectations for new hardware are rising as the successful Switch, now in its eighth year, continues to gain hits like "The Legend of Zelda: Tears of the Kingdom" and "Super Mario Bros. Wonder". Nintendo's shares have gained 14% this year.

On February 6, Fin Nifty closed up 0.3% at 20,375 points on the weekly expiry day. Analysts expect a range of 20,150-20,300 with a potential fall to 20,050-20,000 if support at 20,150 breaks. Soni Patnaik predicts a volatile session with a long:short ratio of 36:64 and a VIX at 15.62. MOFSL recommends initiative trades

On Feb 6, the Nifty and Sensex saw an uptrend, fueled by gains in IT heavyweights and other frontline names. However, subdued global cues and concerns over China's tightening measures kept the sentiment subdued. The market trend suggests exhaustion and investors are advised to wait for new trends to emerge. On the technical front, a double top pattern was formed on the Nifty chart.

Responsive Industries reported impressive standalone quarterly results for December 2023, with a 20.99% increase in net sales at Rs. 138.38 crore and a 209.32% increase in net profit at Rs. 9.36 crore. EBITDA also saw a significant growth of 34.72% at Rs. 28.21 crore. The company's EPS increased to Rs. 0.35 from Rs. 0.11 in the previous year,

On Tuesday, Japan's Nikkei share average fell 0.53% as investors took profits and assessed domestic earnings reports. The broader Topix also dropped 0.68%. The market was influenced by US stocks which closed lower due to mixed earnings reports and speculation of interest rate cuts. With a focus on individual stocks, investors reacted to earnings announcements, resulting in profit-taking.

Yes Bank's share price increased by 11% after RBI approved HDFC Bank to acquire up to 9.50% of Yes Bank's share capital or voting rights. HDFC Bank must acquire the majority shareholding within a year, otherwise the approval will be cancelled. HDFC Bank's aggregate holding should not exceed 9.50%, and prior approval is required if it falls below 5%.

Paytm Payments Bank's latest annual report shows that the bank has addressed concerns raised by the RBI, and is confident that their efforts will be viewed favorably. The bank's stock price has decreased significantly following restrictions imposed by the RBI in January. The bank has also taken steps to improve regulatory compliance and engage with stakeholders.

Ashika Credit Capital has reported a significant growth in its standalone quarterly numbers, with net sales increasing by 641.56% and net profit rising by 467.18% compared to the same period last year. EBITDA has also increased by 491.64%, leading to a rise in EPS to Rs. 8.20. The company's shares have shown strong performance, closing at 60.16 and providing 71.54% returns over the past 6 months.

Reported Standalone quarterly numbers for Sundaram Finance are: Net Sales at Rs 1,345.76 crore in December 2023 up 33.41% from Rs. 1,008.76 crore in December 2022. Quarterly Net Profit at Rs. 300.07 crore in December 2023 up 23.65% from Rs. 242.68 crore in December 2022. EBITDA stands at Rs. 1,118.37 crore in December 2023 up 39.52% from Rs. 801.57 crore in December 2022.

Droneacharya Aerial Innovations saw a 2% increase in share price after signing an MoU with Vimaan Aerospace Pvt Ltd for collaboration on drones, training, and services. The focus of the partnership will be on various sectors such as agriculture, survey, surveillance, and defense. The company also secured orders for providing GIS training and skill development programs sponsored.

TCS stock hits all-time high and crosses Rs 15 lakh crore market cap after announcing a multi-year deal with Europ Assistance to enhance IT operating model. The partnership will also use TCS' ignio AIOps solution for better technology insights. In Q3 FY24, TCS reports higher revenue but lower profit due to one-time charge of Rs 958 crore. EBIT margin improves to 25%.