Earnings season commenced with 88 companies announcing results. Key highlights included ITC, Sun Pharma, Tata Motors, Adani Enterprises, and Zomato reporting. ITC and Dabur anticipated revenue growth from cigarettes, hotels, and FMCG segments. Tata Motors projected strong profit growth. Zomato maintained robust performance from prior quarters, offering promising outlooks.
India’s insurance story still in early innings: long runway ahead: Nischal Maheshwari
Market expert Nischal Maheshwari expresses optimism about the insurance sector. He favors life insurance companies like SBI Life and LIC due to their appealing valuations.