Anaysts recommend a 'buy' on Icra due to its positive outlook.
Anaysts recommend a 'buy' on Icra due to its positive outlook.
More than half the Sensex companies have declared their results for the third quarter and there are more positive surprises than disappointments.
Analysts mostly prefer domestic plays beside select films with foreign exposure.
With commodity markets remaining soft and uncertain, it is likely the money will flow into equity markets with strong upsides, such as India.
Most analysts expect growth in the sales of Nifty-50 companies to decelerate, albeit marginally, in the quarter ended December compared to the corresponding period of 2013-14, with metals and real estate companies pulling down earnings.
The banking, oil and metal sectors were the top sectoral losers on the BSE, while IT stocks rendered support at lower levels.
In the domestic market, the Tata Group has lost ground in the passenger car business.
FIIs have offloaded stocks worth Rs 13,110 crore
This weakness is likely to continue in the near-term.
Many analysts find market expensive, even at current levels.
Infosys' aspirations to improve revenue per employee might also prove to be a tall task, believe analysts.
That resulted in a 50-basis point improvement in operating profit margins on a sequential basis.
For equity investors, the risk-to-reward ratio is worsening.
Indian companies typically have higher return on equity.
Sensex rose 5.8% this year, against a 3.2% rise in Nifty; Axis Bank inclusion may blunt Sensex edge
Sales expansion also down 4.4%
Benchmark share indices gained for the fifth straight session on Thursday led by index heavyweight Reliance Industries.
Infosys has tried to bring stability to the troubled company, which was struggling to maintain its growth momentum in the changing dynamics of technology industry.
This was even as the country's economy grew by 7.3%.
A full-blown recovery remained elusive for India Inc in the July-September quarter, even as it overcame the challenge of achieving profitable growth.
Slowdown and liquidity squeeze by RBI have put India's top 10 indebted firms in a tight spot. But they have a few options.
Over the past four quarters, the Sensex companies' earnings trajectory has improved sharply because of a weak rupee.
Higher crude oil prices also translate into better corporate earnings for India's top companies
World trade has been growing slower than world GDP since 2012.
Corporate India at present is more indebted than all state govts put together.
This is largely on the back of Tata Steel's expansion at Kalinganagar, as well as JLR's in China and Brazil
Stock prices is due to valuation expansion
Fourteen per cent of the $16 billion invested by Ratan Tata in M&As abroad has been written off by his successor.
But experts say downside limited, pockets of opportunities for investors
Companies from the capital goods space will under-perform.
Chinese telcos hold 60-100 MHz of spectrum, while Indian companies hold 13-15 MHz of spectrum.
The sharp fall in the rupee's value against the dollar during the July-September quarter, it turns out, has come as a boon for corporate earnings.
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Net profit grew 25.4% in Q4 but revenue growth, lower at 8.5%, suggests lack of volume expansion.
Revenue yield on every rupee of investment fell to Rs 1.06 in FY13 from Rs 1.20 in FY08.
If you are not happy with the price offered at buybacks, you could be in for a long haul.
Adani Enterprises plans to invest a total of $25 billion in the next five years.
One crucial revenue source that can help the government achieve its fiscal-deficit target is the proceeds from the sale of its stakes in public sector companies.
India Inc did not perform well during December quarter.
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