Large companies saw stronger net profit growth for the March 2026 quarter, driven by one-off gains, despite slower revenue expansion and wider margin contractions. Mid and small-cap firms, however, demonstrated more resilient revenue growth and smaller margin declines. This performance disparity is reflected in stock market indices, with mid and small-cap indices significantly outperforming their large-cap counterparts over the last three months.
Citi bullish on Indian equities, sees Nifty at 28,000 by end-2027
Citi Research projects that India’s benchmark Nifty 50 index could hit 28,000 points by the end of 2027. This forecast is based on strong earnings
November 9, 2026