IT companies officially kickstart the earnings season of Q2FY24 in the week gone by. A lower-than-expected results of TCS kept the IT companies under pressure. Real estate stocks gained attention as Prestige Estate and Phoenix Mills reported strong results. In the broader economy, the Index of Industrial Production (IIP) surged to a 14-month high, indicating robust industrial activity. Overall, the earnings season started with mixed results in the IT sector while the real estate segment showed strength, and the IIP's positive performance suggests a growing industrial sector.
Scroll down to understand more of such market news and perspectives for the week gone by in easily understandable charts.
Here’s how TCS performed during Q2FY24.
The chart shows how does TCS stock reacts to the quarterly earnings the next day and the next week.
Titan Ltd declared its results for Q2FY24, here’s how the quarter went:
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The below data highlights JSW Steel’s Crude Steel production for Q2FY24.
Prestige Estates has achieved remarkable sales performance in the first six months of FY24.
Puravankara has achieved the highest-ever sales value in any quarter since its inception.
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IRB Infra reported operational updates for Q2FY24, recording robust year-on-year (YoY) growth in toll revenues in monthly, quarterly and half yearly time-frames.
Ajmera Realty’s strong Q2FY24 operational updates helped the share to soar new 52-week high.
The following chart represents Delta Corp Ltd's performance on a quarterly (Q2FY24) and half-yearly basis (H1FY24).
The accompanying chart depicts those companies whose ROCE in FY23 exceeds 200% of 5 year average ROCE.
2023 Winners: Six Indices Outshine 2022 Returns So Far!
The chart represents the net fund flows across large, mid, and small-cap funds for the month Aug-23.
LALPATHLAB gave a cup and handle breakout on the daily chart. The Future Open Interest (OI) showed buildup of fresh long positions in the stock.
RAMCOCEM broke out of its previous resistance levels of 950 on the daily chart. Short covering at 1000 Strike drove further rally.
METROPOLIS gave a cup and handle breakout on the daily chart supported by rise in volumes.
Image Source: (India in Pixels)
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