Markets Surge, Godrej Profit Soars, OYO Expands

• With a strong gain of over 1% on Tuesday, Sensex and Nifty 50 have turned positive for the year despite concerns over weak earnings, foreign outflows, and uncertainty surrounding US trade policies under President Trump.

• The rebound may have been driven by short-covering by FIIs and buying by DIIs, supported by SIP inflows at the start of the month.

• The market recently witnessed its second-longest correction in a decade, according to Jefferies. While a recovery is natural after steep corrections, it is too early to confirm a sustainable uptrend.

Godrej Properties +2.99%

• Mumbai-based Godrej Properties reported a 163% surge in consolidated net profit to ₹163 crore for the quarter ending December 31, 2024, compared to ₹62 crore a year ago.

Thomas Cook (12.71%)

• Thomas Cook shares fell over 12% on February 4 after its Q3 FY25 earnings revealed a nearly 40% drop in net profit for the quarter.

• RBI may cut rates for the first time since May 2020. (RT)

• FMCG companies intensify efforts to stay ahead in the q-commerce race. (ET)

• Lenders target medium-term deposits to strengthen liquidity cover. (ET)

• Dr Agarwal's Health Care shares make a flat debut on the stock market. (MC)

There are no mainboard IPOs this week.

M&A / Investments

• OYO plans to invest ₹593 crore ($62Mn) in the UK to expand its premium hotel portfolio. (YS)

• Avendus Future Leaders Fund invested ₹160 crore ($18Mn) in La Renon Healthcare. (YS)

• Indus to acquire 26% in Amplus Tungabhadra for ₹27 crore ($3.1Mn). (ET)

• Bandai Namco Entertainment increases investment in SuperGaming. (Inc42)

• Veefin Group has acquired TradeAssets. (YS)

• Niyogin announces demerger, with NBFC and iServeU set to list independently. (EN)

Debt

• NaBFID raises ₹5,000 crore ($574Mn) through 15-year bonds at a 7.25% cut-off rate. (BS)

VC