Key Stocks to Watch: ITC, Tata Power, MCX, RailTel, Federal Bank

Speedy Summary

• Stock Market Performance: Sensex dropped by 585.67 points to 80,599.91,and Nifty fell by 203 points to close at 24,565.35 on August 1.
• key Q1 Earnings Highlights:

– ITC: Net profit remained flat at Rs 4,912 crore; revenue increased by 20% YoY to Rs 21,059 crore.
– Tata Power: Net profit rose by 9% YoY to Rs 1,060 crore; standout growth in its renewables division (+95% PAT).
– MCX: Highest-ever quarterly revenue of Rs 405.82 crore (+60% yoy); net profit surged nearly +50%.
– LIC Housing Finance: modest net profit rise of +4.4%; project loan segment down sharply (-70%).
– Federal bank: disappointing results with a decline in net profit (-14.7% YoY); restrained NIM at 2.94%.
– PC Jeweller: Revenue soared +80%, while profits saw a modest rise of +3.8%.

• Other Key Updates:

– RailTel secured a BSNL contract worth Rs166+ crores for next three years.
– Leadership changes announced at PNB Housing Finance and Thermax shareholders reappointed Ashish Bhandari as CEO.

• Upcoming Earnings Today from majors like DLF, Bosch, Aurobindo Pharma alongside IPO launches including Propshare Titania SM REIT.

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Indian Opinion Analysis

India’s stock market sentiments are closely tied to the ongoing Q1 earnings season that is shaping sectoral performances distinctly across industries like FMCG (ITC), power (tata Power), and finance (Federal Bank or LIC Housing). The performance divergence underscores the mixed recovery post-pandemic amid broader economic uncertainty.While ITC’s consistent revenue growth reinforces its diversified portfolio stability across essential goods segments like cigarettes and FMCG despite flat margins-a broader reflection on consumption-led recovery perhaps exists there-tougher global fuel yet cyclical headwinds exist !