While the lockdown shaved off revenues in most sectors, with the exception of financial services and IT, the decline in profits was even sharper
The BSE metal & mining index is up 144 per cent since the end of March 2020
Power generation holds steady compared to previous week
India is the third most indebted country among major emerging markets, behind Argentina and Brazil.
Bajaj Auto will distribute up to 90 per cent of its annual profit as dividend
Analysts at top brokerages raise FY21-FY23 estimates by 5-6%
Traffic and emissions are lower in some places than others relative to pre-pandemic days
Higher margins more than compensated for flat revenues during the quarter
Bond yields in the US are up nearly 100 basis points from their lows in June last year, while the Nifty P/E remains close to a 25-year high of around 40x
Excise duty payment by OMCs rises 66% YoY, despite 30% decline in net sales
Gains largely from lower operating costs, higher product prices and a decline in banks' provisions
BSE FMCG index has gained just 2.4% since the Union Budget, compared to the 11.4% rally in the benchmark during the period
These two term lenders are more profitable and have reported faster growth in advances than listed PSBs
Consumer demand likely to take a hit owing to reduction in overall public expenditure
India will not face the problem of debt sustainability even in the worst of scenarios till 2030, the Survey observed.
In comparison, the benchmark Sensex closed the session with losses of 1.26 per cent. This was the worst show by the auto index in the last three months
The trailing 12-month EPS of the Nifty50 has risen just 2.8 per cent sequentially during the quarter. Further, earnings are still down 14.5 per cent year-on-year (YoY)
Earnings contraction, coupled with poor return on net worth (RoNW), weighs on the stock valuation of these PSUs
Market cap of government companies has remained unchanged in the past 8 years
Mobility and traffic congestion see a drop