Assam Entrade Limited reported strong standalone quarterly results in December 2023, with a 23.44% increase in net sales, 81.71% increase in net profit, and 94.44% increase in EBITDA compared to the same period in 2022. EPS also saw a significant jump from Rs. 1.82 to Rs. 3.30. The company's shares closed at 467.90 on February 19, 2024.

SP Capital Financing reported strong standalone quarterly numbers for December 2023, with a 170.22% increase in net sales, 10.77% increase in net profit, and 183.33% increase in EBITDA compared to the same quarter in 2022. The company's EPS also increased from Rs. 0.20 to Rs. 0.22. Their stock price closed at 51.48 on February 19, 2024.

In the December 2023 quarter, Asian Fertilizers reported a decrease in net sales by 45.28% and quarterly net profit by 54.87% compared to the same period in 2022. EBITDA also decreased by 30.43%, resulting in a decrease in EPS from Rs. 0.84 to Rs. 0.38. The company's total income from operations also decreased by 44.86%. The majority of the expenses were spent on.

Ceejay Finance reported a 3.02% increase in net sales at Rs. 4.98 crore and a decrease of 17.34% in net profit at Rs. 1.34 crore for the standalone quarterly results of December 2023. EBITDA also saw a slight decline of 0.35%. EPS has decreased to Rs. 3.89 from Rs. 4.71 in the same quarter last year.

In a surprising turn of events, infrastructure stock Sanmit Infra has become one of the biggest wealth destroyers of 2024. The penny stock has plummeted nearly 50% in the current calendar year, leaving investors in shock. From Rs 46.80 in December 2023, the stock has nosedived to Rs 24.93, erasing almost half of investors’ wealth

The stock market continues to rise with Nifty reaching a new high of 22,125 and maintaining a strong bullish momentum. Bank Nifty is also performing well, staying above its short-term moving averages. Experts predict a range of 46,800 to 47,000 for the upcoming sessions, with support at 46,000-46,200 and resistance at 50 DMA level of 46,750-46,800. Key sectors like auto, IT, metal.

VMRDA to auction bulk land parcels and vacant plots in Vizag and Vizianagaram districts, with upset prices ranging from ₹20,000 to ₹67,500. These auctions will have a significant impact on neighboring real estate prices. Application process currently underway, with auctions taking place on March 6, 7, 13, and 14.

The Indian small and midcap stocks have been experiencing a "monster rally" which has led to their outperformance compared to widely followed indices such as the Nifty and BSE Sensex. However, this has also resulted in stretched valuations and unrealistic expectations. Despite fears of overheating, funds continue to flow into these stocks due to the potential for earnings growth.

Indian sugar mills produced 2.5% less sugar from Oct-Feb compared to last year, with Maharashtra seeing the biggest drop while Uttar Pradesh saw a 10.7% increase. Telangana's rabi crop acreage is lower than last year, with pulses and maize being the most affected. The state received normal rainfall but reservoir levels are lower compared to last year.

Indian banks have seen a significant decrease in non-performing assets, with the net NPA ratio falling to a 10-year low of 3.9% in March 2023. Uday Kotak, billionaire banker, credits regulators, policymakers, and practitioners for this success and believes that India can become a $30 trillion economy by growing at a modest 9% over the next 23 years. He also highlighted the importance.

JSW Steel, one of the major steelmakers in India, is considering using liquified petroleum gas (LPG) as an alternative to coal to reduce carbon emissions. They have approached LPG company Confidence Petroleum for plans to infuse LPG into their Anjar steel plant. This move comes after Tata Steel's announcement of talks with GAIL Ltd to replace diesel usage with liquified natural gas.

So far Adani group has incubated and listed six highly successful companies, including Adani Ports and SEZ, Adani Power, Adani Transmission, Adani Green Energy, Adani Total Gas, and Adani Wilmar. The group’s CFO Jugeshinder Singh recently said it plans to list Adani New Industries, Adani Airport Holdings, AdaniConneX, its metal and mining units, and Adani Road Transport between 2026 and 2028.

Juniper Green Energy and Envision Energy are working together to build a 300-MW wind energy project in Gujarat, with Envision supplying the turbines and overseeing installation and maintenance. The project aims to produce 1,000 GWh of clean energy per year and will be commissioned in phases by the end of 2025. Both companies are committed to supporting India's Atmanirbhar Bharat vision.

Jefferies India raised RIL's stock price target to Rs 3,140, highlighting its undervaluation compared to Nifty index. It retained a buy rating and increased EBITDA estimates for FY24/25 by 2%/1%, citing strong oil-to-chemical operations. The recent boost in diesel spreads and potential discounts on Venezuelan oil provide further upside potential.

Deepak Fertilisers and Petrochemicals Corporation saw a 10% surge in its share price after announcing a long-term supply agreement for LNG with Norway's Equinor. This will improve the company's value chain and provide a strong foundation for all its product segments. The agreement includes annual supplies of up to 0.65 million tonnes over 15 years, and also allows for trading LNG parcels.