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Divi s Laboratories on Monday reported a 66% year-on-year (YoY) jump in net profit to Rs 594 crore for the quarter ended December 31, 2024 led by growth in custom synthesis and stable generics business.

Indian markets declined on Monday as Trump’s tariffs on Canada, Mexico, and China raised retaliation fears. Additionally, budget disappointments on capex growth weighed on sentiment. Nifty closed at 23,361.05, down 31.75 points, while Sensex fell 319.22 points to 77,186.74.

OPEC+ agreed to stick to its policy of gradually raising oil output from April on Monday and removed the U.S. government s Energy Information Administration from the sources used to monitor its production and adherence to supply pacts.

Gold prices hit an all-time high on Monday, bolstered by safe-haven inflows after U.S. President Donald Trump s tariffs on Canada, China and Mexico added to concerns of inflation that would dent economic growth.

GRSE Q3 Results: Garden Reach Shipbuilders & Engineers (GRSE) reported an 11% YoY rise in net profit to ₹98 crore for Q3 FY25. Revenue surged 38% YoY to ₹1,271 crore, while EBITDA grew 55%. The board approved an interim dividend of ₹8.95 per share.

S&P Global Ratings upgraded the rating on Vedanta Resources on Monday, citing easing refinancing risks for the UK-based natural resources group.

Solarium Green Energy IPO: Solarium Green Energy’s ₹105.04 crore SME IPO opens on February 6, with shares priced at ₹181-191. Funds will support working capital and corporate expenses. Listing on BSE SME is set for February 13, with no grey market premium currently observed.

Dr Praveen Dwarakanath, VP at Hedged.in, noted that Nifty showed strength, rebounding from the middle of the Bollinger band after an intraday dip. The momentum indicators on the hourly chart signalled recovery, supporting a bullish close. Options data suggests a range-bound movement, with put writing at 23,300 and below, and call writing at 23,500 and above.

Futures for Wall Street s main indexes tumbled on Monday as fears of a full-blown trade war and its impact on the global economy jolted markets around the world after President Donald Trump levied steep tariffs on Mexico, Canada and China.

A 52-week high is a key metric for traders and investors, indicating a stock s peak value over the past year. It helps assess the stock s market position and provides insights into its future growth potential.