Mlg Oz clinches a strategic new partnership with Genesis Minerals (ASX:GMD).

They secured a crucial contract which signifies significant impact on the company’s operations.

The company was awarded a three-year contract, set to supply integrated site services and haulage works to Genesis Minerals.

Starting from November 2023, this collaboration will see a surge in production throughout the second half of fiscal year 2024 and extending into fiscal year 2025.

Additionally, Genesis Minerals projects optimistic future earnings as a result of this agreement with annual revenues in fiscal year 2025 expected to hit around $15.0 million and further rise to approximately $30.0 million by fiscal year 2026.

Genesis Minerals (ASX:GMD) is a mineral exploration company that specializes in securing strategic contracts.

India’s leading IT services corporation, Tata Consultancy Services (ASX:TCS), saw its shares trading 0.4% higher in anticipation of Q2 earnings results due later in the day.

Analysts predict an 8.5% year-on-year increase in TCS’s consolidated net profit, which they expect to reach around 113.17 billion rupees, according to LSEG data.

A restrained growth in Q2 revenue is anticipated owing to a lack of discretionary spending and cautious sentiment pervading the top industry sectors, advises brokerage Phillip Capital.

Elara Capital foresees EBIT margin growth of 100 basis points quarter-over-quarter, driven by the absence of wage hikes and remarkably low subcontracting costs in the industry.

Investors are anticipated to closely monitor discretionary spending, deal pipeline, margin outlook, and North American demand.

Experts suggest that TCS may announce a share buyback, which would mark its fifth in six years.

TCS is the first among its peers to disclose September-quarter results, ahead of Infosys and HCLTech which are scheduled to report on Thursday.

Twenty-two out of 42 brokerages rate TCS stock ‘buy’ or higher, 12 ‘hold’, and 8 ‘sell’ or lower.

The median PT is 3,670 rupees.

As of the last close, TCS has risen 13.7% YTD, aligning with the Nifty IT index.

Tata Consultancy Services (ASX:TCS) is India’s top IT services firm.

Shares of Saunders International (ASX:SND), an Australian company, rose as much as 8.6% to A$1.015, the highest value it has seen since late September of the previous year.

This was the company’s most significant intraday percentage gain since Feb.

Saunders International recently finalised a contract for the Caymus project in Western Australia, advancing the construction of 11 jet fuel storage tanks through their engagement with Crowley Australia.

Subsequently, A$8 million contract performance bonds were returned to the company.

Still, the company’s stock remains down 16.4% YTD, based on the last closing figure.

End Note: Saunders International is an Australian engineering and construction company with a significant presence around the globe.

Sensen Networks, an Australian sensor and artificial intelligence solutions provider, saw its shares fall as much as 4.2% to A$0.046, marking its largest intraday percentage fall since October 4.

The company announced an entitlement offer of A$2.09 million ($1.34 million) of new shares.

Sensen Networks is planning to issue 52.4 million new shares, which represents 18.61% of its free float of 281.7 million shares.

The issue price of the shares will be A$0.04 per share, which signifies a 16.7% discount to the stock’s last closing price.

Shares for the company are down by 7.7% year to date, as of the last close.

Sensen Networks is an Australian-based provider of sensor and AI solutions.

Shares of Volt Resources (ASX:VRC) experienced a rise of up to 12.5%, hitting A$0.009 and marking the busiest trading day since October 4, provided the gains are maintained.

The graphite anode developer announced it has inked a Letter of Intent with U.S.-based M2i Global, Inc.

to supply graphite for the U.S.

Department of Defense.

The contract specifies procurement for up to 20,000 tonnes of graphite annually for a duration of three years.

This investor excitement comes after the shares reached their highest point since October 6.

Despite this recent momentum, the stock has seen an overall drop of approximately 46.7% this year, as of the last close.

Volt Resources (ASX:VRC) is a graphite anode developer that specializes in the supply of graphite for various applications.

Anticipations of China implementing impactful stimulus measures to boost its sluggish economy has led to a rebound in iron ore prices.

Consequently, Australian miners saw a considerable rise, as much as 1.6%, this being their peak since September 21.

The sub-index appears to be on a consistent positive streak, for the fourth consecutive session.

Big players like Rio Tinto (ASX:RIO) have surged as much as 2.7% to A$115.27 and are slated to profit most since September 15, if the trend continues.

Additional giants that noted a 1.2% escalation include the world’s largest listed miner, BHP Group (ASX:BHP) and the iron ore colossus, Fortescue (ASX:FMG).

However, this uptick stands juxtaposed to the 4% downfall witnessed in stock this year, as of the previous closure.

Rio Tinto (ASX:RIO) is a leading global mining group that focuses on finding, mining, and processing the Earth’s mineral resources.

Shares of Aspen Group (ASX:APZ) experienced an increase of as much as 3.3% to A$1.735, marking their most fruitful trading day since October 3.

The shares have reached their highest level since October 10, as a result.

The real estate company reported operating earnings for Q1 FY24 of A$6.6 million, an increase from A$5.4 million during the same quarter in the previous fiscal year.

The company indicated it is progressing well on the path to initial FY24 guidance.

A total of 127,558 shares changed hands during this period, higher than the 30-day average volume of 95,171 shares.

Despite the positive performance, the company’s stock has fallen 13.9% this year to date, based on its last closing performance.

The Aspen Group (ASX:AZP) is a leading real estate company involved in property investment and related activities.

Global brokerage Citi expressed concern over the recent noticeable drop in Baby Bunting (ASX:BBN) sales growth, contrary to its expectation of improvement following the FY23 result.

The Australian retailer’s total sales for the year to date have decreased by 3.3% compared to the previous corresponding period.

This was attributed to pressure on discretionary spending and affordability.

Consequently, Citi reduced the BAB price target from A$2.20 to A$2.00 per share and downgraded the stock to Neutral status.

Furthermore, Citi underscored the importance of having convincing strategies to invigorate falling sales.

Citi also trimmed its FY24 to FY26 core net profit after tax estimate by 3% to 6%, citing sluggish sales momentum.

Nevertheless, the broker is optimistic about improving sales momentum in FY25 based on underlying earnings assumptions.

Of the seven analysts assessing the stock, five rate it as buy or higher, and two rate it as hold, with a median price target (PT) of A$2.35, according to LSEG data.

Baby Bunting shares were down roughly 0.8% as of 0306 GMT, reflecting an overall fall of about 26.2% this year, up to the last close.

Baby Bunting is an Australian retailer specializing in infant products.

Australian semiconductor processing equipment manufacturer Revasum (ASX:RVS) saw its shares soar up to 12.5% to A$0.18, a high not seen since August 17.

The company reported an impressive 43% year-on-year increase in total third quarter revenue, and its gross margin expanded to 34.5% from the previous 26.8%.

Revasum anticipates more growth in service and consumable parts sales, and maintains a focus on controlling operating expenses and improving efficiencies in its business.

Revasum’s expense control and cash flow management remain ongoing priorities.

More than 26,600 shares were traded, compared to the 30-day average volume of 23,613.

The stock has risen over 23% this year up to the last close.

Revasum is a company headquartered in Australia specializing in the manufacture of semiconductor processing equipment.

Australian technology stocks continue to rise, with an increase of as much as 1.4%, reaching their highest level since the end of September.

This sub-index appears to be on track for a second consecutive session of gains.

The increase comes after an overnight Wall Street rally, propelled by dovish comments from U.S.

Federal Reserve officials.

This subsequently pushed Treasury yields down as traders kept a watchful eye on rising tensions in the Middle East.

Alongside this, ASX-listed shares of Block (ASX:SQ2) saw a jump of as much as 4.1%, which, if the trend holds, will set them up for their best intra-day gains since mid-July.

Xero’s (ASX:XRO) shares also saw an increase of up to 1.9%, while WiseTech Global (ASX:WTC) saw increases of up to 1.5%.

Block’s shares have risen about 24% this year, as of latest market close.

Block (ASX:SQ2) is a technology-focused company listed on the Australian Stock Exchange.