Market Bizzz

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.

Devang Mehta focuses on consumption, capex, and credit growth. He notes positive trends in RIL, banks, FMCG, NBFCs, IT stocks, and mentions sector rotation, Budget, FIIs, infrastructure aiding capex, and strong credit growth. Corporate profitability, cash flow strength, energy, hotels, spiritual tourism, corporate travel, ROEs, LTIMindtree, GMR Airports, InterGlobe Aviation, and Nasdaq impact are emphasized.

Eight stocks under F&O ban while three exit. Market restrictions based on open interest levels. Nifty 50 and Sensex reach all-time highs on Tuesday fueled by Bharti Airtel, HUL, and IT stocks.

Infosys, Polycab, CEAT, Havells India are set to announce earnings. Infosys anticipates a 2.5% Q-o-Q revenue rise, or 3% in constant currency, with net profit up 6% Y-o-Y and a March net profit increase of 30% Y-o-Y. Motilal Oswal forecasts 2% Q-o-Q revenue rebound and 20.4% operating margin, along with Kotak Equities’ 50 bps headwind expectation.

Pawan Parakh highlights pharma’s revenue growth from pipelines, multi-year potential in defence, and telecom gains from tariff hikes and 5G shifts. Airtel’s Rs 300 ARPU target is crucial. Renewables and automation see margin improvement via operating leverage. Defence export commitments to Southeast Asia highlight India’s atmanirbhar focus, with Sunil Mittal underscoring enterprise telecom.

The dollar strengthened due to steady retail sales and unchanged import prices. The Dollar Index gained 0.07%. Sterling and the euro weakened ahead of the ECB meeting, anticipating Christine Lagarde’s comments. Bitcoin rose 1.58%. Trevisani cited resilient ex-auto sales. The Canadian dollar strengthened. Powell noted inflation trends. Markets price in a September Federal Reserve rate cut.