Krishna Kant

Mid and small-cap companies delivered their fastest earnings growth in seven quarters, lifting their share of India Inc's profits even as Nifty 50 firms saw a slowdown

Analysts attribute the relative slowdown among private-sector banks partly to specific events, notably the merger between HDFC Bank and HDFC

Their sales uptick least in 17 quarters

Other key sectors such as IT Services, FMCG, Banking and Power however continue to struggle with low single digit growth in revenues and earnings

TCS loses its premium edge as slower profit growth and margin pressure pull its P/E below rivals for the first time since 2011

Nifty 50 trading at 20% discount, highest in 17 years

The Great Defensive Slump: 2025 turned FMCG, IT, and pharma into market laggards. Yet with earnings stable and valuations cooling, their next move could surprise

After two years of record highs, brokerages see the slowdown as a reset for sustainable growth - driven by rising incomes, digital depth, and maturing investors

Regulators set the agenda as insurance, pensions, digital currency, cyber risk, and crypto policy took centre stage on the penultimate day of the leading summit

Market analysts attribute the BFSI sector's outperformance, particularly among banks, to technical factors such as sector rotation by institutional investors, rather than superior financial results

Brokerages expect modest market gains as earnings stay weak, but Diwali stock picks point to brighter prospects for select consumer, lending, and capital goods firms

Recovery in revenue and profit growth led by companies in cyclical sectors

Reliance benefited from benign raw material and crude oil prices

ACC and Ambuja Cements were acquired by Adani group in September 2022 from LafargeHolcim Group.

Seven listed Tata companies together own 12.1 per cent in Tata Sons with a combined book value worth around ~30,700 crore

Banks are expected to be the biggest laggards during the quarter with most of them expected to report year-on-year decline in net profit and flat to negative growth in net interest income

Weighting of domestic demand-driven sectors surges; 'sunrise' stocks leap ahead

The stock is down 28.6% since September last year, with its price to book value more than halving over the period after a stellar IPO and listing

Strong client relationships, differentiated capabilities, and presence across verticals make Tata Elxsi well placed for sustained growth

Analysts remain positive, citing a steady decline in bad loans and an uptick in new loan sanctions as key drivers of future growth