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Revenue from operations in the third quarter increased 28% year-on-year (YoY) to Rs 488 crore, compared with Rs 382 crore in the same quarter of last year.

The better way to play pharma is Sun Pharma and Aurobindo which we like. The other trend is domestic outlook for the growth for pharma. The proxy there is Torrent and Ajanta.Railways have new avenues of growth and strong momentum. Medium-term targets and government support improve growth prospects. Larger railway stocks like Concor, Kalpataru, and KEC are attractive due to their involvement in electrification lines. Having said that, some of the mid and smallcaps have run up much sharper.

The Nifty Bank managed to surpass critical resistance placed around 45,500 levels which is a positive sign for the bulls. The index now faces the immediate hurdle around 46,000, suggest experts.

LIC has enabling provisions to invest in banks like HDFC Bank. Their equity investment is about 20-25% of total AUM, and they have a balanced approach to ensure sustainability. LIC is monitoring the market and taking a mixed strategy. Non par products are giving good returns and are getting traction in the market.

Jana Small Finance Bank IPO was subscribed 6.63 times on Friday, the third day of the bidding process, led by robust bidding from non-institutional and institutional investors.

In the September quarter of FY24, Tata Power had reported a 7% year-on-year (YoY) increase in its consolidated net profit at Rs 876 crore. It was Rs 819 crore in the same period last year.

​Alpex Solar IPO continued to garner a bumper response from investors on Friday, the second day of the bidding process with an overall subscription of nearly 51 times.

It will close on Wednesday, February 21, 2024, with an option of early closure subject to compliance with Regulation 33A of the SEBI NCS Regulations.

Capital Small Finance Bank IPO is a fresh equity issue of Rs 450 crore and an offer for sale (OFS) of 15.61 lakh shares. Under the OFS, Oman India Investment Fund, Amicus among others will offload shares.

Net profit for the third quarter is likely to fall around 13% year-on-year (YoY), according to an average estimate of four brokerages. On a sequential basis, profit is seen dropping by a marginal 1%.