The yield on 10-year Indian government bonds is now only 295 basis points higher than that of US 10-year treasury bonds, the lowest since January 2007
India Inc's combined quarterly net profit rose 47% to a record Rs 3.36 trn; net sales were up just 5%
IT services, a growth driver, showed a revenue and profit slowdown, ranking third in net profit after banks and oil firms
Public sector lender's quarterly net profit in Q1 at Rs 18,537 crore ahead of RIL's quarterly net profit numbers
The combined net sales of all companies in the sample were up just 7.3 per cent YoY in Q1FY24, the lowest in the past 10 quarters
This gives little incentive to FPIs to invest in Indian equities
A steady rise in the valuation has been largely due to higher stock prices, and not because of faster growth in corporate earnings
The 271 companies in our sample together spent Rs 21,183 crore on interest expenses in Q1FY24 up from Rs 15,552 crore a year ago and Rs 20,498 crore in Q4FY23
The demerger will however have only a marginal negative impact on ITC overall earnings and share price given the hotel division miniscule contribution to its consolidated finances
India Inc more dependent on BFSI, IT companies to drive growth
The meltdown in IT stocks on Friday was triggered by the Infosys results and projections announced the previous day
According to Reliance Strategic Investments annual report for FY22, it had other long-term investments worth around Rs 181 crore
According to Chokkalingam, the rally is an opportunity for investors to book profits in these stocks rather than make fresh investments
In Q1FY24, it may witness the first YoY net sales decline since Q3FY21 and the sharpest net profit fall since Q2FY21
Automakers, banks likely top performers
FY23 payout may be 25% more than previous year
This would be owing to a combination of higher interest risk in the international financial market and a likely deterioration in their finances
Jio-Airtel market share reaches all-time high
Firm's net and cash loss widened in FY23 despite an improvement in operating profit during the year
The 10 biggest payers together shelled out Rs 2.06 trillion for FY23, more than double the Rs 98,371 crore for FY22