Apart from trading at a discount to their historic valuation, many companies are industry leaders with superior balance sheets and financial ratios
Numbers for industry show private banks are taking the lead in adding workers and setting up new branches
Valuation re-rating has been much sharper for non-BFSI companies
Promoted by the Bhawanishankar H Sharma family, Mumbai based Supreme Infrastructure has been a loss-making company for a decade now.
Asset prices rally as US bond yields plunge, signalling a global rate reversal
Bajaj Housing Finance, which more than doubled on listing day, added Rs 1.36 trillion to the group's mcap
Airtel now 5th most valuable telecom operator globally valued at $118.3 billion
The government's dividend was, however, up 35 per cent year-on-year in FY24 from Rs 61,409 crore a year ago
Premji sees over 2,100% jump in earnings from dividends, buybacks
Fourth-ranked conglomerate narrows gap with Adani group
Corporate profits have grown at a CAGR of 32.4% since FY20 but firms' net fixed assets have grown at 8.6% CAGR in FY20-24
In comparison, BFSI firms hired 172,000 people on a net basis in 2022-23 (FY23), while IT services companies had a net recruitment of 131,000 employees
This can be attributed to increased share of ESOPs in remuneration packages
IT Services and FMCG companies reported a slight uptick in revenue growth in Q1FY25, but their growth remains in low single digits
The companies in our sample reported a combined net profit of Rs 3.39 trillion in Q1FY24, down 4.23 per cent from a record high quarterly net profit of Rs 3.54 trillion in Q4FY24
Sales growth, too, remains modest amid demand challenges
A sharp rise in yield spread is a bullish signal for Indian equity but it has been overshadowed by the negative cues in the global markets, said analysts
Experts observe that the main challenge with the scheme lies in the absorption capacity of India Inc, rather than its financial impact on the companies' profit and loss accounts
Most of the rise in the defensive sector weightage in the index has so far been led by pharmaceutical manufacturers but FMCG and IT Services companies out-perform the broader market in July
Here are ten stocks where brokerages expected the maximum upside in their share price over the next 12 months