Broad Strokes, July 19, 2024

Pharmaceutical Stocks Beta Analysis

1. Sun Pharma closed at Rs 1594.25, Cipla at Rs 1506.65, and Reliance Industries at Rs 3173.35.
2. Sun Pharma’s beta of 0.9173 and Reliance Industries’ beta of 0.9252 indicate relative stability.
3. Cipla’s lower beta of 0.551 suggests reduced volatility compared to its peers.

Reliance Jio Q1 Results: Net Profit Rises

1. Reliance Jio reported a 12% YoY increase in net profit to Rs 5,445 crore.
2. Revenue from operations rose by 10% to Rs 26,478 crore.
3. Tariff hike expected to boost ARPU by 15%, impacting future financial results.

Microsoft Outage Impacts Global Banking and Trading Operations

1. A global Microsoft outage disrupted banking, trading, and airline sectors.
2. Crowdstrike CEO confirmed the issue, only Windows hosts affected.
3. Regulatory inquiries from the RBI, traders at 5paisa and IIFL Securities faced tech outages.

Paytm Reports Widening Losses, Revenue Decline

1. Paytm’s net loss more than doubled to Rs 840 crore in Q1 FY25.
2. Revenues fell by 36%, focusing on cost reduction and strategic changes.
3. Stock fell 4.3% post-earnings, reflecting investor concerns.

RVNL Shares Surge After MoU with United Construction

1. RVNL shares surged 9% after signing MoU with United Construction Limited of Israel.
2. Arbitration ruling awarded Rs 584.22 crore to Krishnapatnam Railway Company Ltd.
3. Market cap climbed to Rs 1.28 lakh crore, stock trading in overbought zone.

Bank Q1 Results Preview: Loan Growth Impact on Profit

1. HDFC Bank expected to show robust annual growth but moderate sequential gains.
2. Kotak Bank anticipated to demonstrate healthy NII and profit growth.
3. YES Bank faces mixed outlook with concerns over margin pressure and rising funding costs.

JSW Infrastructure Shares Decline After Disappointing Q1 Results

1. JSW Infrastructure shares declined 7.4% to Rs 311 after Q1 results.
2. Profit dropped 8% to Rs 296.55 crore due to higher expenses.
3. Analysts’ opinions varied, with growth opportunities and margin challenges highlighted.

SpiceJet Plans to Raise Fresh Capital

1. SpiceJet’s stock surged 5% following the announcement of a board meeting to raise capital.
2. Significant improvement in financial performance, six-fold increase in Q4 net profit.
3. Despite legal challenges, strategic move reflects commitment to growth and efficiency.