Shares of Gensol Engineering Limited surged 7 percent to Rs 1,270 in the morning trade of February 28 after the company's subsidiary, Gensol Electric Vehicles received the certification and approval for an electric vehicle, from the Automotive Research Association of India (ARAI). The development gains significance as it paves the way for the electric vehicle’s official launch.

Reported Standalone quarterly numbers for Apex Capital And Finance are: Net Sales at Rs 6.14 crore in December 2023 up 419.85% from Rs. 1.18 crore in December 2022. Quarterly Net Profit at Rs. 3.79 crore in December 2023 up 3056.45% from Rs. 0.12 crore in December 2022. EBITDA stands at Rs. 5.84 crore in December 2023 up 571.26% from Rs. 0.87 crore in December 2022.

Mining conglomerate Vedanta is aiming to reduce its standalone debt by $3 billion over the next three years, an investor presentation released after an analyst meeting on February 27 said. As of December 31, 2023, the company's net debt stood at Rs 62,493 crore. "We're well-positioned for exponential near-term growth, with projected annual EBITDA exceeding $7.5 billion," said Navin Agarwal.

In today's early morning trade, shares of FMCG company Patanjali Foods witnessed a 4.13% dip, reaching Rs 1,555 apiece. This decline follows the Supreme Court's issuance of a contempt notice to Patanjali Ayurved and its Managing Director, Acharya Balakrishna. The notice was served for allegedly reneging on their commitment to refrain from making "misleading claims" in advertisements.

ICICI Direct's currency report on USDINR Rupee ended flat yesterday after moving in a tight range amid rise in dollar demand from importers. Further, investors remained cautious ahead of US Durable goods orders and consumer confidence data to get cues on timing of US Fed interest rate cut. Rupee is likely to appreciate today amid expectation of correction in dollar and US treasury yields.

Shares of Vedanta jumped 3% in the early trade on Wednesday to hit the day's high of Rs 271.65 on the NSE after CLSA upgraded the stock from a 'Sell' to 'Underperform'. The Hong Kong-based brokerage has also hiked the target price to Rs 260 from Rs 230, earlier. In its stock review note, CLSA said that the company was focused on operational uptick and deleveraging.

William H “Bill” Gross stands out as a notable figure in the financial world, recognized for his accomplishments in the field of bond investments. He played a pivotal role in the establishment of Pacific Investment Management Company (PIMCO), a leading global investment firm with a focus on fixed-income investments.Given the moniker “Bond King”, Gross earned acclaim for his proficiency.

Computer Age Management Services Ltd (CAMS), part of the financial services industry, gave a breakout from a 112-week consolidation on the weekly charts which is a bullish sign and has opened room for the stock to head higher.Short-term traders can look to buy the stock for a target above Rs 3300 in the next 1-2 months, suggest experts.

Vedanta to underperform, and Jefferies maintained a buy rating on MAX Financial.We have collated a list of recommendations from top brokerage firms from ETNow and other sources:Macquarie on Zomato: Underperform| Target: Rs 96Macquarie maintained an underperform rating on Zomato but raised the target price to Rs 96 from Rs 76 earlier.

Reported Consolidated quarterly numbers for Steel Strips Infrastructures are: Net Sales at Rs 0.31 crore in December 2023 up 8.65% from Rs. 0.28 crore in December 2022. Quarterly Net Loss at Rs. 6.66 crore in December 2023 down 4220.67% from Rs. 0.16 crore in December 2022. EBITDA stands negative at Rs. 0.23 crore in December 2023 up 4.17% from Rs. 0.24 crore in December 2022.

Reported Consolidated quarterly numbers for Rajesh Exports are: Net Sales at Rs 65,476.89 crore in December 2023 down 30.69% from Rs. 94,474.32 crore in December 2022. Quarterly Net Profit at Rs. 12.43 crore in December 2023 down 97.05% from Rs. 421.56 crore in December 2022. EBITDA stands at Rs. 23.91 crore in December 2023 down 94.69% from Rs. 450.51 crore in December 2022.

Reported Consolidated quarterly numbers for Alankit are: Net Sales at Rs 52.61 crore in December 2023 down 54.69% from Rs. 116.10 crore in December 2022. Quarterly Net Profit at Rs. 8.13 crore in December 2023 up 137.62% from Rs. 3.42 crore in December 2022. EBITDA stands at Rs. 9.31 crore in December 2023 up 124.88% from Rs. 4.14 crore in December 2022.

Reported Consolidated quarterly numbers for Cranes Software International are: Net Sales at Rs 1.11 crore in December 2023 down 16.2% from Rs. 1.32 crore in December 2022. Quarterly Net Loss at Rs. 2.58 crore in December 2023 up 98.52% from Rs. 174.19 crore in December 2022. EBITDA stands negative at Rs. 1.70 crore in December 2023 up 20.56% from Rs. 2.14 crore in December 2022.

Reported Consolidated quarterly numbers for KPI Green Energy are: Net Sales at Rs 330.12 crore in December 2023 up 84.21% from Rs. 179.21 crore in December 2022. Quarterly Net Profit at Rs. 50.61 crore in December 2023 up 46.87% from Rs. 34.46 crore in December 2022. EBITDA stands at Rs. 104.78 crore in December 2023 up 74.43% from Rs. 60.07 crore in December 2022.

Reported Consolidated quarterly numbers for Confidence Petroleum are: Net Sales at Rs 554.29 crore in December 2023 down 23.01% from Rs. 719.99 crore in December 2022. Quarterly Net Profit at Rs. 27.08 crore in December 2023 up 0.07% from Rs. 27.06 crore in December 2022. EBITDA stands at Rs. 92.38 crore in December 2023 up 48% from Rs. 62.42 crore in December 2022.