Today’s top morning headlines - 12th February 2024

Good afternoon

Markets are trading lower, with the NIFTY50 breaching the 21,700 as of 2:45 pm. Here are the top stories for the day!

Top gainer: DREDDY: 6366 ▲ 211 (+3.4%)
Top loser: Coal India: 435 ▼ 21 (-4.6%)

:star:Force Motors gains as company turn profitable in third quarter
Shares of the small and light commercial vehicle maker gained more than 2.5% today after its Q3 net profit stood at ₹ 85.4 crore compared to loss of ₹15.6 crore in the same period last year. Meanwhile, its revenue from operations was at ₹1,691 crore, up 29.7% YoY.

:star:Honasa Consumer rises on three-fold jump in profits
Shares of the parent company of Mamaearth are up 2.5% today. This comes after the company’s Q3 net profit surged three-fold in the December quarter on a year-on-year basis.

:star:ONGC falls on subdued Q3 performance
Shares of the oil and gas exploration and production company are down 1.8% today. This comes after it reported a fall in its Q3 net profit and revenue amid declining oil prices. The company had declared the results on Friday post market hours. Meanwhile, ONGC also announced a second interim dividend of ₹4 per share. The record date for the dividend is 17 February 2024.

:star:Apeejay Surrendra Park Hotels makes strong debut
The stock of Apeejay Surrendra Park Hotels was listed at a 20% premium over the issue price on 12 February. The shares opened at ₹186 on the NSE and the BSE against an issue price of ₹155.