December quarter results show mid-single digit net profit growth, primarily due to weak IT sector performance. Banking and finance companies, however, posted double-digit profit growth, supporting overall numbers. IT firms faced a profit decline, impacted by delayed client decisions and a shift towards AI projects.
CG Power’s growth momentum strong, but valuation comfort missing: Sandip Sabharwal
CG Power expands its switchgear production, signaling strong demand in the power equipment sector. However, market expert Sandip Sabharwal warns that valuations for companies like