India Inc's earnings seem to have gathered momentum with a surge in the BSE Sensex over the past two quarters.
Senior Executive Director & Co Head (Strategy) of Kotak Institutional Equities Sanjiv Prasad tells Prasanna D Zore/Rediff.com that even if there are a number of challenges facing the Indian equity markets, there are certain sectors that offer a ray of hope.
S&P BSE Midcap and the S&P BSE Smallcap indices gained 2% and 1.6% respectively
While analysts predicted the Sensex to cross 30,000 in 2016, the index currently stands 12% lower at 26,400.
'Macro headwinds are rising for Indian equities in the form of rising commodity prices, especially oil, depreciating rupee, fiscal challenges, election-related uncertainty and upside risks to inflation'
The strong correlation between its sales (revenue or turnover) and crude oil prices (average for the financial year) suggests that Ambani may be proved right.
Metal stocks were trading under pressure while IT, auto, realty stocks gained in today's deals
Monsoon session of Parliament expected to be stormy and likelihood of GST Bill and Land Bill getting passed are slim
Tata Consultancy Services scrip ended the day 4.27 per cent higher at Rs 2,214.65 apiece on the BSE.
India's economic growth accelerates to 7.4% in Sept quarter
Auto and index heavyweights Reliance Industries and ITC were the top losers in early trades.
The court has also questioned Epic's assumption that Tata Consultacy Services used the information for the creation of a competitive product
Net profits may dip 4.9% y-o-y, but the silver lining is that performance may be better than the preceding quarter
The bigger worry is that the miss for FY19 is likely to be significant even after assuming macro factors such as crude oil prices, rupee, input costs, and interest rates, do not worsen from the current levels, reports Vishal Chhabria.
Vishal Kampani has big shoes to fill as his father is close to the Ambanis, the Wadias and the Ruias, says Dev Chatterjee.
These consistent performers are expected to maintain momentum.
At least three brokerages, two domestic and one global, have said the company could cut its revenue growth guidance again in dollar terms
Nestle, for the record, does not give a break-up of its exports.
The rupee has depreciated 2.35 per cent in the past three months and one per cent in the past month, despite strong capital flows and falling oil prices.
Thinning valuation gap between these and mid-caps indicates a shift in investors' preferences.
Materials and utilities were the worst-performing sectors in March.
Shares of Tata Consultancy Services on Wednesday plunged almost 4 per cent, wiping out about Rs 16,000 crore (Rs 160 billion) in investor wealth, after the IT major indicated to analysts that weak India business and lower working days could drag down March quarter growth rate.
Deutsche Bank says rising debtor days and low customer advances imply significant net working capital requirement.
Most sought-after market of the past few years doesn't feature among top bets in Asia, emerging markets
Will Infy spring a surprise in subdued second quarter?
Market cap touches Rs 5 lakh crore; earnings growth to spurt in FY19
Respiratory product paves way for launch in larger markets and greater earnings visibility.
Analysts factor in 200-300-bps impact on sales in FY16
Factory output in June likely rose 5.4 per cent from a year earlier, faster than the 4.7 per cent growth in May, according to a poll of 27 economists.
The consolidated entity can target good growth FY18 onwards, analysts say.
After four-odd years of focusing on reducing debt, the series of deals with Etihad could finally get it out of the spiral.
Infosys has been aggressively embracing automation tools.
Company feels automation is a big tool to drive down costs and improve efficiency
In July-Sept 2016-2017, TCS had missed street expectations with 7.8% growth in revenue.
The stores will sell products under the Fashion at Big Bazaar brand.
'It is unlikely that foreign portfolio investors (FPIs) might increase their India allocation, given the overweight status for most FPIs.' 'Given the commentary from the Republican Party, an anti-imports approach means money will not flow out of the US.'
Higher dividend taxes, falling valuations make alternative shareholder payment attractive.
The verdict on deemed licences has the Street question whether Sesa Sterlite owns any mines in Goa.
Most analysts expect the note ban to sharply hit GVA growth in Q3 and Q4, and the central bank's stance is being called into question.
Lower fuel subsidy payouts might restrict gross fiscal deficit in FY15.
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