Market Bizzz

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.

Revenue from operations declines 1.7% to Rs 2879 crore against Rs 2927 crore in the April-June quarter of last fiscal. JSW Energy’s net generation capacity increased 18% to 7.9 billion units, driven by higher hydro and thermal generation and organic wind capacity additions.

Several major companies, including Reliance Industries, Wipro, and Paytm, are set to announce their first quarter results today. Expectations range from profit growth to revenue declines across different sectors. Investors are advised to stay informed and watch out for key updates.

Stock markets hit new highs as Sensex crosses 81,000 and Nifty tops 24,800. Expert opinions on Bajaj Auto, Ultratech, and KEC International provide insights for investors. Recommendations include price targets and stop loss levels for risk management.