As many as 234 companies, excluding banks and financial services, saw operating profit or EBITDA, growing faster than sales on a year-on-year (YoY) basis in each of the last three quarters of the current financial year, a screener run by ETMarkets showed.

Shares of Campus Activewear rose 13% on NSE following a block deal where 1.3% equity changed hands, valued at Rs 100 crore. The stock has given negative returns of over 26% in the past 12 months. The footwear maker reported a 48% YoY decline in net profit and a revenue growth of 82.5% in the December quarter.

Private banks are trading at a price-to-book (P/B) valuation of 2.3 against the 10-year average of 2.5. On the other hand, the PB of PSU banks is at 1.2 against the long term average of 0.8.

"Given the still depressed valuation and the removal of a major regulatory overhang, we see considerable upside and maintain our Outperform rating with a Target Price of Rs 600," said Pranav Gundlapalle of Bernstein, adding that the regulatory actions are restricted to Paytm Payments Bank. He expects One 97 to successfully execute the operational changes required to remove the dependency on PPBL with limited long-term impact to their overall business.

Nifty retained its winning streak on Tuesday for the sixth session in a row and hit a fresh lifetime high catapulted by index heavyweight HDFC Bank. The 50-stock index finished at 22,196.95, higher by 74.70 points or 0.34%.

Brokerage firm Nuvama maintained a hold rating on Hindalco, Jefferies downgraded Biocon to underperform, Elara Capital recommended an accumulate rating on Zomato and Sharekhan recommended a buy rating on Schaeffler India.

Over the course of more than four decades, the company has amassed invaluable expertise, successfully delivering a multitude of projects spanning roads, buildings, bridges, irrigation, mining, and more, consistently meeting project deadlines.

From the Sensex stocks, JSW Steel, M&M, Tata Steel, Bharti Airtel, and ICICI Bank opened with gains, while Infosys, TCS, Power Grid, Nestle India and Tech Mahindra opened with cuts.

EPS is a tool used by investors to gauge the profitability of a company before buying its shares. Here are six Nifty counters that saw EPS upgrades by brokerage MOSL following their Q3 results:

Zee Entertainment Enterprises shares plummeted due to a $241 million accounting issue and the failed merger with Sony. Sebi investigation into Zee founders revealed $241 million may have been diverted from the company, Bloomberg reported. Concerns over weak financials and corporate governance persist despite improved quarterly results.

As part of its investigation into the Zee founders, the Securities and Exchange Board of India, or Sebi, found that about 20 billion rupees ($241 million) may have been diverted from the company, said people familiar with the matter who did not want to be identified as the information is not public yet. That’s roughly ten times more than initially estimated by Sebi investigators, the people said.

Adding Amazon will increase consumer retail exposure as well as other areas in the Dow, and the move was prompted by Walmart's decision to split its stock, S&P Dow Jones Indices said in a news release.

Mizuho ranked 10th in LSEG's investment banking league table last year, benefiting from a lead underwriting role in chip designer Arm's initial public offering and the purchase of U.S. mergers-and-acquisitions (M&A) advisory Greenhill.

One of China's biggest quant funds, Lingjun manages more than 60 billion yuan, the company says on its website.

U.S. stocks ended lower on Tuesday, with the Nasdaq showing the largest declines as chipmaker Nvidia stumbled ahead of its highly awaited earnings report, while gains in Walmart kept losses on the Dow Industrials in check.

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.09% lower on Wednesday. Japan's Nikkei eased 0.21%, having stuttered in the last few days within sight of the all-time high set in 1989.

Stocks that were in focus included names like Deepak Fertilisers, which rose 3.55%, Whirlpool of India, which fell 3.67%, and Kotak Bank, whose shares jumped 2.04% on Tuesday.

"Tata Communication stock has given a breakout of its Upper Band of Triangle formation. Traders can buy for a target of Rs 2100 in the short to medium term and keep a stop below Rs 1670," says KKunal V Parar, VP of Technical Research and Algo at Choice Broking.

On Monday, the bank announced the appointment of KVS Manian as joint managing director and Shanti Ekambaram as deputy managing director with effect from March 1, 2024. Both were seen as internal candidates for the CEO position. Before this appointment, there were news reports that KVS Manian was in the fray for the CEO position at Federal Bank, where the incumbent isn't getting the regulatory nod for another term.

The National Asset Reconstruction Co (NARCL) offer for the ₹751 crore debt has triggered a Swiss challenge auction scheduled on March 1. This is the highest recovery offered by NARCL to any lender, which reflects the bad bank's aggression in acquiring stressed loans, said a senior official from an ARC. In the past, NARCL's offers ranged from 5% to 35%.

The firm said in its communication to the Securities and Exchange Board of India (Sebi), Reserve Bank of India, and the Insurance Regulatory and Development Authority of India (IRDAI), that it would proceed with seeking their approval after the regulators give their decisions on the alleged violations by the Burmans.

"We believe any stock run-up attributed to this news flow should come off," said brokerage Emkay Global's analysts Anand Dama, Kunaal N, and Marazbaan Dastur in a client note. "This raised hopes for the replacement... with a pedigreed external candidate from a large bank as MD."

Creditors recovered 32.9% of their admitted claims from 138 large stressed firms until December 2023 since the IBC came into being in late 2016, as per the Insolvency and Bankruptcy Board of India data. However, the recovery from all the 891 bankrupt companies that saw resolution until December 2023 stood at 31.9%, indicating that lenders to smaller firms had to take larger haircuts.

The latest hot debate: perhaps the next shift isn't a cut at all. Former US Treasury Secretary Lawrence Summers on Friday voiced what a number of market participants had already been thinking: "there's a meaningful chance" the next move is up.

Swan Energy aims to use the funds from the QIP for debt reduction and modernising facilities.

Whirlpool Corporation on Tuesday sold 30.4 million shares, constituting 24% stake in its Indian unit Whirlpool of India through the open market for $468 million.

In India, CPI inflation was projected at 4.5% for the financial year 2024-25, a good 90 basis points lower than the estimated average for 2023-24. But, the large and repetitive food price shocks remained a concern, with geopolitical events and their impact on supply chains, and volatility in international financial markets and commodity prices posing upside risks.

The Nifty gained 0.34% or 74.7 points to close at 22,196 after making a lifetime high of 22,215. The BSE Sensex gained 0.48% or 349.2 points to close at 73,057. The index is still 370 points away from its all-time high of 73,427.

Wabco, Styrenix Performance Materials (INEOS Styrolution), Federal-Mogul Goetze, Timken India, GMM Pfaudler, Thomas Cook, Samvardhana Motherson, and Whirlpool are among the companies where global parents have sold their stakes. Large overseas stakeholders in ITC and Novartis too have indicated their intention to sell a stake.

Tata Communications is a leading telecom company helping businesses power hyperconnected ecosystems. It is present in over 190 countries around the world, company data stated. The stock witnessed price-wise correction, which took it towards the 1,500 level in October 2023. It bottomed out above 1,500 and started inching higher.

Investors are worried if Nvidia's quarterly results, expected after markets close on Wednesday, will justify its lofty valuation and add to the frenzy around artificial intelligence (AI) or hurt AI optimism.

Shares in the retail giant rose 6% to a record high of $180.31 in early trading after it also gave an upbeat annual sales forecast and announced a 9% rise in its dividend, the biggest increase in more than a decade.

The rights shares were offered at Rs 150 apiece. Shareholders were offered one right share for every two shares held by them. Shares of Indiabulls Housing, which rallied 52% in the last six months or 92% in the last one year, ended at Rs 191.70 on Tuesday.

State-owned Union Bank of India on Tuesday approved a Rs 3,000 crore share sale proposal to fund its business growth. The Committee of Directors for Raising Capital Funds, in its meeting held on Tuesday.

Through the sale, Yum Restaurants plans to raise around Rs 815 crore, reports said. The floor price for the sale has been fixed at Rs 153.5 a share, which is at a discount of nearly 8% to the current price.

Benchmark equity indices recovered from a weak start to finish higher for the sixth session in a row on Tuesday, led by financials, with the benchmark Nifty 50 hitting a record high for the second consecutive session. The S&P BSE Sensex closed 0.48% higher at 73,057, while the NSE Nifty50 index ended below the 22,200 level."The short-term trend of Nifty remains up. A decisive move above 22,200 is likely to open a sharp upside towards the upper trajectory of 22,500-22,600 levels in the near term. Immediate support is at 22,080 level," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.Here are 4 stock recommendations for Wednesday:

The Dow Jones Industrial Average fell 51.73 points, or 0.13%, at the open to 38,576.26.

Have you also thought about investing in a startup and hitting the jackpot? Then the returns that Shark Tank’s Aman Gupta made should offer you some inspiration. Gupta has made a remarkable return of 2,900% from just one investment he made 2 years back. An investment of Rs 20 lakh by the Shark Tank India judge turned into Rs 6 crore in just 2 years. The ice popsicle brand Skippi has made him this stellar 2,900% return. In the first edition of the reality TV show in December 2021, Gupta and four other sharks invested Rs 1 crore for a 15% stake in Skippi.

Short covering refers to the buying of shares to close an existing short position or a position that has been sold. Short covering signals a shift in view security from extreme bearishness to bullishness. In Tuesday's trading session, five stocks saw top short covering. Here's the list:

The initial public offering (IPO) of Juniper Hotels will open for subscription on February 21 and close on February 23. Through the public offer, the company plans to raise around Rs 1,800 crore. Here are key things to know about Juniper Hotels IPO before subscribing to the issue.

The Nifty50 index rose 74 points to close at 22,196. It hit a fresh record high of 22,251 intraday. The S&P BSE Sensex rallied more than 300 points. Sectorally, buying was seen in banks, realty, power and utilities while IT, auto and metal stocks saw some selling pressure.

Fitch has affirmed the 'BBB-' ratings on the $400-million senior secured notes issued by Adani Energy Solutions, formerly Adani Transmission. Fitch projects an average debt-service coverage ratio (DSCR) of 1.48x, with a profile DSCR of 1.30x between the financial years ending FY27 and FY33 under its rating case.

Tata Group is now bigger in size than Pakistan's entire economy! The market value of the Tata Group has gone up the roof and is more than the economy of Pakistan. At last count, the market cap of India's largest business house stood at $365 billion or Rs 30.3 lakh crore while the IMF estimates Pakistan's GDP to be around $341 billion. Here's why the Indian business giant Tata trumped the GDP of an entire nation. Watch! .Data: Ritesh Presswala

Following the sale, the parent firm’s holding has come down to 51% from 75%. The American consumer durables maker expects to use the proceeds from the stake sale to reduce debt.

A notable book that emphasized the importance of corporate culture by looking at successful companies (stock price performance as a guide) ranked Amgen prominently. Amgen's adeptness in "embracing a myriad of possible dangers" was a strategic manoeuvre that propelled the company to a superior standing.

Long unwinding refers to selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Tuesday's trading session, five stocks witnessed a top-long unwinding. Here's the list:

On Monday, the bank announced the appointment of KVS Manian as joint managing director and Shanti Ekambaram as deputy managing director with effect from March 1, 2024. Both were seen as internal candidates for the CEO position.

Nifty on Tuesday made a fresh peak and ended 75 points higher near the 22,200 mark to form a long bull candle on the daily charts. The index has been making a higher high both on daily and weekly charts.

Earnings per share or EPS is an important financial measure, which indicates the profitability of a company. It is calculated by dividing the company’s net income by its total number of outstanding shares. Signs of a falling EPS do not bode well. Here's a look at four Nifty stocks that saw over 5% EPS downgrades post Q3. (Source: MOSL)

​Chipmaker Nvidia is replacing Tesla as Wall Street's most traded stock, adding to its prominence after becoming the third-most valuable U.S. company and showing more evidence of how central AI-related bets have become to investors.