The jump in market capitalisation in the past year is not matched by its financial performance
Earnings growth in the early-bird sample has been driven BY banks and iron & steel companies.
Market cap of top four steelmakers up 29% in April so far; demand from China is a strong tailwind
BSE Metal up just 164% since Jan '05 against 645% rally in Sensex
Effect on Mumbai's economic activity appears more pronounced than Delhi's
Market cap of top 10 firms has risen 33% since January
Tata Sons likely to net nearly Rs 22,000 crore from its crown jewel for the past financial year
However, analysts say these stocks may not deliver bumper returns like last year
The country's top brokerages expect Nifty50 companies to report a combined net profit of Rs 1.2 trillion in Q4FY21, translating into year-on-year growth of 142 per cent from Rs 49,645 crore a year ago
Analysts expect more pain for automakers since prices of steel and non-ferrous metals, such as copper, aluminium, and zinc, have increased further in three months
The rupee closed at 74.56 to a dollar - the lowest since November 13, 2020. The intraday fall is the steepest since the August 2019 levels
Sharp decline in visits to workplace, retail and recreation spots
Private sector power utilities such as Tata Power, Torrent Power, JSW Energy, Adani Power and Adani Transmission have been the top performers in the last three months
The analysis is based on a common sample of 1,056 companies that are a part of the BSE 500, BSE MidCap, and BSE SmallCap indices
Tata Sons had liabilities of Rs 33,500 cr and debt-to-equity of 0.7x last year
People are spending more time at home than they were in pre-Covid times. Data as of March 23 shows 9% spike in time spent at residential locations. Workplace visits are down 15%
Lenders depending on personal loans rather than industrial credit
The latest trend is in sharp contrast to the sombre mood in corporate board rooms at the end of FY20, when India was in the middle of one of the world's most draconian Covid-19 lockdowns
The list of India's best unlisted companies is dominated by the subsidiaries of US, European and Japanese MNCs
Earnings improvement over two quarters was without proportionate lending growth