Market Bizzz

HUL, Bajaj Finance, ICICI Sec, and ICICI Pru Life will release Q1 results. HUL’s profit is estimated at Rs 2,479-2,562 crore, revenue Rs 14,925-15,451 crore. Bajaj Finance expects 26% net interest growth, 30% AUM rise. EBITDA to grow 0.4% YoY. Parag Milk Foods, Gard Furnace, Thyrocare Technologies to report, Bajaj Finance’s March profit was Rs 3,824 crore.

​I think that what is happening at this moment is while retail and SME are holding the ball as also to some extent rural, private corporate credit, that has really not picked up so far that is still sub-10%.

IDBI Bank and Suzlon Energy are among 44 companies announcing first quarter results. IDBI Bank shows growth in deposits and advances, while Suzlon Energy reports a decline in profit. Stay informed about these companies’ financial performance.

HCL Technologies, Data Patterns, and Shriram Finance announce July 23 for dividend eligibility. HCL Tech to pay Rs 12/share on August 1, 2024. Shares closed at Rs 1,594.35. Ex-dividend trading starts July 23. HCL declared 5 interim dividends totaling Rs 66 last year. Confirmed Q2 results. Other dividends include Goodyear Rs 15 and HIL Ltd Rs 22.5/share; T+1 framework.

Hiren Ved of Alchemy Capital discusses sector rotation, skeptical about large-cap private banks’ leadership in the bull market. He advises against market timing, suggests balanced portfolios, and highlights FII potential. Ved sees opportunities in pharma, consumption, chemicals, and defensive sectors, addressing historical performance, valuation concerns, consumer lending growth, cyclical sectors’ appeal, and high-quality companies.

“We faced headwinds with weak revenue but sustained margins through operational rigor, talent investment, and optimizing overheads. Utilization is high, and future levers remain. We aim for steady improvement but won’t guide to a specific margin,” says Aparna Iyer.

“Reliance’s EBITDA was temporarily impacted by refining cracks, but growth in Jio and retail is steady. We anticipate 15-20% ARPU growth and potential demergers, leading to a stable stock price,” says Deven Choksey.“In the Jio platform, we are likely to see a higher amount of growth because the full impact of the price hike or tariff hike in the ARPU is expected to happen somewhere in the subsequent quarters of the current financial year,” says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd. Edited excerpts:

The analysis involves stocks with a market cap of over Rs 500 crore.

The revenue from operations declined 7.6% year-on-year from 7,767.1 crore to Rs 7,173.1 crore in the first quarter of fiscal year 2025. Earnings before interest, tax, depreciation, and amortization (EBITDA) grew two times year-on-year to Rs 453.08 crore. The company’s export revenue stood at Rs 53.33 crore, catering to 22 countries.

The country’s largest steelmaker produced 6.35 million tons of steel at a consolidated level during the quarter, down 1% from the previous year and 6% sequentially due to planned maintenance shutdowns at Dolvi and Bhushan Power. As a result, capacity utilization at its operations in India stood at 87% during the quarter, compared to 92% a year ago.