Prestige Estates Project Limited (PEPL) has entered into strategic partnership with HDFC Capital Advisors for furthering its business in housing sector, the company announced.

Monte Carlo Fashions Limited reported robust quarterly performance for Q3FY18. The revenues for the quarter saw strong growth with robust margin expansion.

The company's standalone revenue for the quarter came in at Rs 128.62 crore, registering an increase of 40.4% YoY. Its  EBITDA for the quarter rose by 144.6% YoY to Rs 11.84 crore with a corresponding margin expansion of 392 bps.

The PAT for the quarter came in at Rs 99.5 crore, an increase of 44.83 per cent QoQ. This was mainly due to tax credit in the quarter as against tax expense of Rs 14.9 crore in the previous quarter.

HBL Power Systems consolidated revenue for the quarter came in at Rs 413.9 crore, registering an increase of 10.9 per cent YoY

Overall volumes in futures & options currently stand at 80.37 lakh contracts with a turnover of Rs. 7,26,957.69 crore.

Overall volumes in futures & options currently stand at 80.37 lakh contracts with a turnover of Rs. 7,26,957.69 crore.

Going ahead, the levels of 10,550-10,560 would be seen as immediate hurdle, followed by 10,620 and unless index does not climb this wall, we are likely to see volatile movement with a negative bias. On the lower side, 10,440 remains to be a crucial support level and a move beyond 10,440 would extend the correction up to the levels of 10,400-10,370.  Stocks to watch out: SRF, Corporation Bank, SML Isuzu, CG Power, Piramal Enterprises, Prestige Estate, Union Bank of India, Dilip Buildcon and 3i Infotech.

The outlook for the day is a positive opening, but sustaining the good start would be crucial, as we had seen in the overnight trade that the US markets had failed to hold on to a good start. The SGX Nifty suggests that the Nifty could open higher by 40 points at 10,491 at opening bell.  

The stocks that are expected to record a significant movement on the bourses on February 8, 2018 are Shriram Transport Finance Company Limited, Reliance Infrastructure Limited (Rinfra), Dilip Buildcon Limited, VIP Clothing Limited and Quick Heal Technologies Limited.