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The markets are turning volatile as we approach the Budget. Karthikraj Lakshmanan, Investment Analyst at UTI AMC, has a preference for private banks over PSUs and expects them to continue growing faster than the banking industry. FMCG companies face challenges with muted volume growth, but a recovery in rural areas could play a role. In the healthcare space, the domestic market offers good prospects while companies focusing on complex generics in the export market could see growth.

Profit for the third quarter may more than triple over previous year, according to an average estimate of five brokerages. On a sequential basis, the profit could decline up to 57%.

Jay Bharat Maruti Ltd., incorporated in the year 1987, is a Small Cap company (having a market cap of Rs 1507.92 Crore) operating in Auto Ancillaries sector.

Pawan Parakh of Renaissance Investment Managersbelieves the power sector is entering a big secular cycle with increasing demand and potential earnings in generation, transmission, distribution, and financial sectors. However, he is generally underweight on metals due to global news flows. Parakh mentions the frothiness in railway stocks and the power sector, highlighting the expensive utilities but the potential in power financiers like REC.

Deputy Governor Swaminathan J of the Reserve Bank emphasized the imperative to bolster governance and technological infrastructure in urban cooperative banks (UCBs) during discussions with south-based UCBs. He stressed on the crucial role UCBs play in advancing financial inclusion and stressed the necessity of proactive measures to ensure the resilience of the UCB sector.

In a sudden U-turn, Naveen Jindal-promoted Jindal Power has dropped out of the race to acquire Lanco Amarkantak Power. Just last week, the company had topped an offer by Adani Power for the distressed thermal power company undergoing corporate insolvency proceedings.

In the initial bidding process, Prudent ARC made an offer of ₹165.6 crore for Katerra India, while JC Flower ARC proposed ₹133 crore for Indrajit Power. Interested bidders will have to submit offers at 7% mark-up to the base bid.Yes Bank has set the deadline for interested bidders to submit their offers by 7 February and plans to announce the highest bidder on 13 February.

SpiceJet promoter Ajay Singh, Sky One, and Busy Bee have submitted the bank guarantee and expression of interest for bankrupt Go First Airlines. The lenders may extend the resolution process deadline by two months. Singh applied individually, while Busy Bee is a new applicant associated with Plan IT. Safrik Investments and NS Aviation did not submit guarantees. The three entities will receive more information on Go First to develop a formal plan. Creditors may vote again to extend the resolution timeline beyond the current deadline.

A year later, the conglomerate has largely recovered from the shocks in the aftermath of the report, while shares of most group companies have managed to cut a portion of their losses.