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
Announcements may put more money in hands of taxpayers boosting consumer demand
The combined net profit of the 210 companies that have declared their Q1FY25 results so far is down 4.2 per cent from the year-ago period - their worst showing in seven quarters
The equity market appreciates high dividend paying companies and these companies share prices appreciate at a steady rate providing capital appreciation to their investors well
Top line, bottom line growth may be at multi-quarter low
Analysts attribute the rise in market concentration to the superior profitability of larger firms and a spate of mergers and acquisitions in recent years
The Nifty FMCG index has been almost flat since and is up just the 0.3 per cent since the start of the 2024 calendar year
Tata Motors' consolidated net profit was up more than 1,200 per cent to Rs 32,203 crore in FY24 from the Rs 2,351 crore in FY23
Cement major's domestic market share will increase by 2.3% after takeover