The Q1FY24 results keep the markets on their toes in the week gone by. The Nifty 50 ends the week on a losing note as it sheds 0.5%. The IT Stocks and the financials kept the index under pressure. The Pharma and Power stocks were in focus and enjoyed good buying. Improved performance in the USA generic market and moderation in raw material prices have uplifted the sentiments of Pharma Stocks. The Capital goods companies have reported better than expected Q1 results and the markets are expecting the same from power stocks resulting in their up-move.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
ICICI Bank Reports A good set of numbers in Q1!
Axis Bank Reports In-Line Numbers in Q1!
Asian Paints reported its Q1FY24 results wherein the company has reported a consistent growth in its revenue and PAT.
Tata Motors Rides in Fast Lane!
TATA Consumer Products Ltd results update for Q1FY24, here’s the company’s performance:
Shares of Cipla Ltd skyrocketed as the company reported strong results for the quarter ended June 2023. The below chart summarizes its performance.
Canara Bank Reports 75% rise in PAT; Q1 Results Out!
The chart displays the Q1FY24 results of Ultratech Cements.
Here’s how SonaComstar Performed in Q1FY24!
Synopsis of Dr. Path Labs operational performance for Q1FY24.
SBI Life Q1 Results - Subdued Demand Drags Growth!
Schaeffler India: Q2 CY2023 Earnings Performance!
The below chart highlights the best-in-class performance displayed by Dixon Technologies during Q1FY24.
The below chart highlights the exceptional performance delivered by Jindal Stainless Ltd. during Q1FY24.
The chart shows how JK Paper performed during Q1FY24.
The below chart shows Paytm displayed a weak QoQ and a strong YoY performance during Q1FY24.
The chart indicates a weak performance by Tech Mahindra during Q1FY24.
The below chart shows a weak performance displayed by Vedanta during Q1FY24.
Titagarh Rail Systems reported impressive Q1FY24 numbers.
Tata Steel reported an under-par results for Q1FY24.
The table below shows 9 companies that entered the 1 Lakh market cap club in 2023.
Shree Cements reported a great set of Q1FY24 numbers.
The below chat covers the Q1FY24 results of Macrotech Developers.
The below chart shows how Bharat Electronics Ltd. performed during Q1FY24.
Aarti Drugs Ltd declared its results for Q1FY24, here’s how the quarter went:
Seems the market has already factored in the Laurus Labs results for Q1FY24. Share price falls just 2% even after declaring 90% degrowth in PAT.
Nifty50’s futures have been trading at a significant premium and the same trend can be seen in Nifty’s August expiry futures, which has the second highest premium (%) after February’23.
TATACOMM gave a breakout and consolidated for a brief period before breaking out again with Long Buildup support.
ALKEM gave a double top breakout on the daily chart and looks poised for a fresh rally. 3800 will act as a support for the stock.
The Pharma Index has given a fresh breakout on the daily chart. SUNPHARMA, LUPIN, AUROPHARMA and CIPLA all gave a breakout with Long Buildup.
Source: stats_feed (Twitter)
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