As the steel industry braces itself for the upcoming result season, investors are closely monitoring the key factors that could influence the performance of major ferrous players. Strong volumes, lower steel prices, and higher coking coal costs are pivotal aspects shaping the sector's outlook. Furthermore, tracking the performance of key players like Tata Steel India, JSW Steel, JSPL, and NALCO will provide valuable insights into the overall health of the steel industry.

Shares of IndiaMART InterMESH soared 9 percent to Rs 3,167 apiece in Friday's trade on the NSE after the company reported its June quarter results and announced a Rs 500 crore share buyback.

Lloyd Consumer, with 27 revenue contribution to Havells India saw its net loss widening to Rs 62 crore in Q1-FY24 versus Rs 56 crore in Q1-FY22 and Rs 23 crore in Q4-FY23. Havells India EBITDA margins stood flat at 8.3 percent in Q1-FY24.

During the first quarter of the fiscal, Reliance Retail is likely to have seen a gradual recovery in consumer sentiment, while its operating income or EBITDA will be driven by the increased store footprint and operating leverage, Kotak Institutional Equities believes.