Nifty 50 companies are poised for double-digit net profit growth for the fourth consecutive quarter, driven by sectors like automobiles and metals. While revenue growth may remain subdued, analysts anticipate improved prospects in the latter half of the fiscal year, supported by GST rationalization and government stimulus.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj