Share market updates 🇮🇳

#Raymond reports #Q3 earnings
👇
>>Net Profit up 94% at ₹183.6 cr Vs ₹94.8 Cr (YoY)

>>Revenue up 10% at ₹2,386.2 cr Vs ₹2,168.2 cr (YoY)

>>EBITDA up 13.4% at ₹362 cr Vs ₹319 cr (YoY)

>>Margin at 15.2% Vs 14.7% (YoY)

>>Other income at ₹64.2 cr Vs ₹31.4 cr (YoY)

Adani Ports reports its Q3 earnings 👇

>>Net Profit up 67.8% at ₹2,208.4 cr Vs ₹1,315.5 cr (YoY)

>>Revenue up 44.6% at ₹6,920.1 cr Vs ₹4,786.1 cr (YoY)

>>EBITDA up 59% at ₹4,292 cr Vs ₹2,698 cr (YoY)

>>Margin at 62% Vs 56% (YoY)

INDIA FM CONCLUDES HER BUDGET SPEECH

INDIA FM CONCLUDES HER BUDGET SPEECH

Finance Minister #NirmalaSitharaman in #BudgetSpeech:

- Government reduced and rationalised tax rates

- Under new scheme, no tax up on income of Rs 7 lakh

- Average processing time on returns reduced from 90 days to 10 days

"Projects for port connectivity will be taken up on our islands, including #Lakshadweep": Finance Minister Nirmala Sitharaman

Coal gasification and liquidation capacity will be set up by 2030, says Finance Minister

₹75,000 cr at 50-year interest free loan will be provided to states. FDI inflows from 2014-2023 were at $596 bn, says Finance Minister

BUDGET: FIN MIN SAYS INDIA TO FORM PAYMENT SECURITY MECHANISM FOR EV BUSES

#OLECTRA #JBM AUTO IN FOCUS

"40,000 normal rail coaches to be converted into #VandeBharat standards": Finance Minister

Finance Minister Nirmala Sitharaman in #BudgetSpeech

- Close to achieving target of 3 crore houses under #PMAwaasYojana – Grameen

- Rooftop solar project to give 1 crore households 300 units of free electricity per month

- Aim to make 2 crore houses in next 5 years under #PMAwaasYojana - Grameen

Finance Minister #NirmalaSitharaman in #BudgetSpeech

- All parts of the country are becoming active participants in economic growth

- Digital public infra is instrumental in formalising of economy

- GST has enabled one nation one market one tax

- Tax reforms has widened tax base

Indian economy has witnessed positive transformation in last 10 years. Our development steps have covered all elements of inclusivity, says Finance Minister as she rises to present interim Budget 2024

Finance Minister Nirmala Sitharaman meets President Droupadi Murmu at Rashtrapati Bhavan before presenting the Interim Budget

Finance Minister Nirmala sitharaman reaches Parliament to present the interim budget

Paytm opens at 20% lower circuit

STOCKS IN ACTION 1 February

One 97 Communications: The Reserve Bank of India introduced further restrictions against Paytm Payments Bank. No further deposits or credit transactions are allowed in any customer account after Feb. 29. No other banking services, apart from withdrawal or utilisation of balances, are to be allowed after Feb. 29.

Infosys: The IT major signed a seven-year strategic collaboration with Musgrave to automate
Musgrave's IT operations by leveraging its industry-leading Al and cloud offerings.

UltraTech Cement: Moody's Investors Service Inc. affirmed the company's 'Baa3' issuer rating as well as its 'Baa3' senior unsecured rating, citing a solid balance sheet and substantially strong credit metrics.

Paras Defence and Space Technologies: The company received an optical periscope contract from the Ministry of Defense.

Deepak Nitrite: The company's unit, Deepak Chem Tech, signed a Memorandum of Understanding worth Rs 9,000 crore with the Gujarat government.

Kaynes Technologies: Nanotech company Digi Lens announced a partnership with the company for scaling waveguide manufacturing.

Havells India: The company launched for the first time a 'Made in India' heat pump water heater to meet the demands of residential applications.

Federal-Mogul Goetze: The company appointed T. Kannan as managing director for three years, effective Feb. 1.
HG Infra Engineering: The company was declared an L-1 bidder for the Rs 440 crore South
Central Railway project.

Gujarat Gas: The company signed a Memorandum of Understanding with HPCL for liquid fuels and CNG facilities.

Lux Industries: The company has completed its project of setting up a manufacturing and warehousing facility and commenced commercial operation at Jagadishpur, West Bengal, Kolkata.

Prestige Estates: The company completed the Rs 1,000 crore Hyderabad Residential Project.

Balaji Amines: The company's unit received mega project status from the Industries, Energy and Labour Department, Government of Maharashtra, with a proposed investment of Rs 750 crore.

Triveni Engineering: The company will buy a 26% stake in Sir Shadi Lal Enterprises via an open offer for Rs 262.1 per share.

Bajaj Finance: Rakesh Bhatt resigns as executive director of the company w.e.f. January 31, 2024

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