KCD Industries India engages in the commercial services business and mainly operates in the real estate and infrastructure sectors. The company offers opportunities to customers as per their property requirements. Its land development program includes planners, engineers, architects, legal & financial advisors who plan and come up with cost-effective solutions before customers associate with any of its properties.

On Wednesday, the company's stock traded 1.37% higher at Rs 1,457 apiece on the NSE. The stock has underperformed over the last one year, down 25%. In the last 6 months, the shares lost 37%. However, in the last five years, the shares surged nearly 200%

Closing Bell: Fag-end buying drives Sensex 243 points higher; Nifty above 18,000; TechM jumps 5%, RIL 3%

The stock was last trading at Rs 22.30, up 2.76% from its previous close

Sealmatic mechanical seals are supplied to industry leaders in oil & gas, refinery, petrochemical, chemical, pharmaceutical, fertiliser, power, mining, pulp &, paper, aerospace, marine, and other industries

Shares of Adani Enterprises, which reported a consolidated net profit of Rs 820 crore for the quarter ended December against a net loss of Rs 11.63 crore a year ago, were trading 1.3% higher today at Rs 1,773. The Nifty stock is, however, trading around 58% lower than its 52-week high price of Rs 4,189.55

As part of streamlining the provisions for REITs and InvITs, the regulator said the tenure of an auditor will be made till the conclusion of the fifth annual general meeting of unitholders, and a statutory auditor will undertake a limited audit of all the entities or companies whose accounts are to be consolidated.

"This new platform is designed to meet the increasing demand of deliveries using drones from the industry. L-Series is stable, secure, it can carry significantly higher payloads and designed to work across low, medium, and high altitudes," the firm said in a BSE filing.

The company's revenue from operations surged 29% to Rs 3,721 crore for the quarter under review against Rs 2,880 crore in the corresponding quarter of last year. Meanwhile, margins improved to 23% in the third quarter as compared to 20% in the same quarter of last year.

While the focus of news stays on ACC and Ambuja, it would be better to look at many other players, some of them in smallcap space. They are ignored because either they are present only in one region or their overall capacity is not very high. However from a stocks market perspective, some of the not so large companies have been coming into focus due to the possibility of mergers and acquisitions.

Some investors believe that the elevated valuation could sustain strong local flows. There were questions from investors on whether the underperformance led by the China reopening was now behind," said Kunal Vora, Head - India Equity Research, BNP Paribas India.

The dollar bought 133.25 yen in Asian trade, against 133.07 yen in New York and 131.89 yen in Tokyo late Tuesday. Sony Group gave up early gains and ended down 0.64 percent to 11,705. SoftBank Group fell 1.01 percent to 5,791 yen.

Retail investors such as Mistri are part of a groundswell that is changing the face of the world’s second-biggest emerging market. Roughly 1 million new trading accounts are opened every month, and the total has now climbed above 110 million, more than the populations of South Korea and Spain combined

Its consolidated revenue from operations in the quarter under review was at Rs 3,353.36 crore, as against Rs 2,394.69 crore in the same period last fiscal. Total expenses in the October-December period this fiscal was at Rs 3,178.9 crore, up from Rs 2,093.39 crore in the year-ago quarter, it added.

The behemoth announced to pay the interim dividend benefit to eligible shareholders of the company from Friday, March 3, 2023, to Sunday, March 5. Its board fixed the record date for determining the members eligible for the corporate reward as Wednesday, Feb 15, 2023.

Amrutanjan did not immediately respond to a Reuters' email seeking further details on the complaint, including if the company has conducted its own probe or if the managers were still employed with the company.

"The Nymex WTI Crude Oil and Natural Gas (Henry Hub) contracts are amongst the world's most traded commodity derivatives contracts generating interest from across the globe," Sriram Krishnan, Chief Business Development Officer.

Since the selloff began after New York-based short-seller Hindenburg Research put out an explosive report on January 24 making a series of allegations against Adani Group companies, the stock has been in a free fall. The combined market capitalisation of all Adani companies has halved, taking the total loss to Rs 10 lakh crore.

Railways is not only India’s largest employer in terms of having more than a million employees but also it is one of the biggest spenders on infrastructure, which makes it one of biggest buyers of steel, cement, engineering services in the country. Over the last seven years, the trend in the capital expenditure by railways has seen a distinct change, from being ad hoc in nature, it is far more planned and effective in terms of delivery, which helped improve the operating matrix of many companies.

The stock found support around Rs 502 earlier in February 2023 for the second time after March 2020 before recouping some losses. Most technical indicators are in an oversold zone and chances of a technical bounce back is on cards.

SBI Mutual Fund: FSN E-Commerce, Steel Authority of India, GlaxosmithKline Pharmaceuticals, National Aluminium Co, Hindustan Aeronautics, Trent, L&T Finance Holdings, Bank of India, Motherson Sumi Wiring India Ltd, and United Spirits

Morgan Stanley maintained an equal-weight stance on the stock. “The company has gained market share post launch of Hunter. Margins and market share are likely to peak in 2023. Full benefits of commodity price decline and price hikes

The new energy ecosystem business revenue more than doubled to Rs 1,427.40 crore. The airports business also saw revenue doubling to Rs 1,733 crore. In the new energy vertical, the company saw solar modules volume increase by 63% to 430 MW. In the mining business, production volume stood at 6.2 million tonne.

However, despite all brokerages seeing promising upside potential in the stock, mutual funds (MFs) are steadily dialling down their exposure to India's most sought-after bank stock.

The 60-year-old billionaire Gautam Adani had yesterday told shareholders that the current market volatility is temporary. The industrialist said as a classical incubator with a vision of long-term value creation, the company will continue to work with the twin objectives of moderate leverage and looking at strategic opportunities to expand and grow.

The overall market sentiment remains that of caution to negative as rising inflation levels once again raises fears of more rate hikes going ahead, which could further deteriorate the economic health, said Prashanth Tapse - Research Analyst, Senior VP (Research), Mehta Equities.

During the month, mutual funds bought Zomato 3.47 crore shares of the food delivery company. ICICI Prudential AMC doubled its holding in the stock. For Baroda BNP Paribas Mutual Fund, it was among the top new additions as the AMC bought Zomato stocks worth Rs 9.45 crore.

Life Insurance Corporation (LIC) continues to command a lion’s share of investments in equities by insurance companies (at least 70% share or Rs 10.91 lakh crore). The insurer's holding across 268 companies, where its holding is more than 1%, increased to 3.95% as on December 2022 from 3.87% as on December, according to Prime Database.The insurer's holding went down in 108 companies listed on NSE in the last one quarter. The companies which saw the highest decrease in LIC’s holdings in value terms are as follows. (Source: Prime Database)

Opening Bell: Sensex sheds 175 pts, Nifty below 17,900; Torrent Power rallies 7%, Bharat Forge drops 4%.

From the Sensex pack, ITC, HUL, L&T, Bajaj Finance and TCS were the top losers, falling about 0.5-1.5%. Infosys, Titan, Wipro, Asian Paints and Power Grid also opened with losses. However, Reliance, Tata Steel, Bharti Airtel and M&M opened with gains.

ET Now spoke to various experts, and here's what they have to recommend for today's trading session. Nooresh Merani has a buy/sell recommendation on RIL and ICICI Bank, while Kunal Bothra has a buy/sell recommendation on ICICI Bank and ITC for today's trading session. Check out the targets and stop loss.

The counter has witnessed a primary trend-line breakout on the weekly chart with strong volume followed by a breakout of a bullish flag formation. The stock is trading above its important moving averages.

Prices had been sliding lower since September 2022. Since the start of January 2023, the price has been rising gradually forming higher highs and higher lows. The latest candle formed is a bullish engulfing which is a bullish reversal pattern. This point of reversal also coincides with rising trendline support.

The markets took heart from the WPI numbers, despite the retail inflation breaching RBI’s tolerance level. Meanwhile, the private sector banks have started showing an upward momentum.

It is rare but not unprecedented for Berkshire to quickly undo a multi-billion dollar investment in a company's stock. In the first quarter of 2022, Berkshire sold nearly all of what had been an $8.3 billion stake in Verizon Communications Inc that it amassed in late 2020.

The February futures contract of Nifty 50 traded on the Singapore Exchange indicates a negative start to domestic equities. The contract was trading at 17,905 , down 22.5 points or 0.13% from the previous close.

Williams on Tuesday sounded a touch more hawkish note, and said that ending 2023 with the benchmark overnight interest rate between 5.00% and 5.50% "seems to be the right kind of framing" for the policy outlook.

The dollar index was steady at 103.32. The Australian dollar eased a bit to $0.6959 even as central bank Governor Philip Lowe said rates would need to rise further to contain inflation in remarks to a parliamentary committee.

Wall Street had an upbeat start to the year, lifted by renewed interest in volatile growth stocks battered in 2022 as the Fed raised rates aggressively to bring steep prices under control.

Private banks increased their profit by 33% to Rs 36,512 crore in Q3 from Rs 27,370 cro-re in the previous year, while PSU banks have increasedtheir bottom line by 64% to Rs 30,101 crore from Rs 18,307 crore in the year-ago period.

Vodafone Idea's consolidated net loss for the quarter ended December widened to Rs 7,990 crore. Meanwhile, consolidated revenue increased 9.3% year-on-year to Rs 10,621 crore.

If the deal takes place at this valuation, it will become the most valuable two-wheeler EV company in the country. The current market value of TVS Motor is Rs 51,238.15 crore.

MSCI Inc. will release the results of a quarterly review for its ESG and climate indexes this week, the first since a short-seller attack on the Adani Group triggered a $100 billion selloff. If it reflects a significant downgrade in the ESG ratings of any of the Adani companies, they could be removed from ESG indexes and trigger a fresh round of selling.

The Adani Group completed the acquisition of Holcim's stakes in Ambuja Cements and ACC in September 2022. The group, which has an estimated debt of $30 billion, has been looking at ways to calm nervous investors.

These funds will be used to part-finance the planned ₹5,000-crore equity infusion by the promoters into Vi, following the Indian government's decision to convert dues worth ₹16,133 crore into equity, said two people directly aware of the matter.

As many as nine of the 14 analysts, who reviewed Nykaa's earnings, slashed their price targets. On aggregate, analysts cut the consensus target by 33% to ₹213.5 apiece, according to a Bloomberg poll of analysts.

Age diversity is seen as an important aspect of effective board governance. To be sure, the average age of Indian boards is lower than that of companies in the US and UK. According to Prime Database, the average age of directors on Indian boards is 59 years, compared with 63 in the US.

“At least 31 airports are under Krishi Udan. We are speaking to the Ministry of Defence to include 21 more,” Scindia said, while speaking on the second day of a meeting of the G20 Agriculture Working Group.

However, Dangra also pointed at a number of factors to suggest the crisis doesn't seem to cause meaningful contagion risk to the Indian financial system directly. Based on external estimates, the banking system's exposure to Adani Group is less than 1%, he said.

Investcorp Private Equity Fund II, a buyout fund managed by IDFC Alternatives PE and Bahrain-based Investcorp Strategic Capital Group, sold 450,000 Safari Industries' shares on BSE at ₹1,861.44 apiece. HDFC Mutual Fund bought a major chunk of the shares. Names of other buyers were not publicly available.